WSD PROPOSED FINAL GENERAL FUND BUDGET

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Presentation transcript:

WSD PROPOSED FINAL GENERAL FUND BUDGET 2019-2020 BUDGET June 4, 2019

2018-2019 summary

TAX HISTORY inancial Needs of Educational Component Financial Needs of the Support Services that assist with the Educational Component. Necessary Operating Costs. An Estimate of Revenues

End of year cash projection

End of year projected surplus

End of year projected surplus CON’T

18/19 REVENUE HIGHLIGHTS $361,313 Re-Fi Previous Year Bond Issue $ 85,404 General Fund Interest $160,101 Capital Project Fund Interest $150,000 Access Funding Total Increase in Revenue - $756,518

2019-2020 REVENUE BUDGET

5 KEY GOALS FOR 2019-2020 Increase academic achievement for all students & student subgroups Extend professional development for teachers and administrators Further develop integrated practice to support quality instruction Borrowing additional funds to complete Turner and enhance district facilities Partnership with Chatham University Make overdue investments in Kelly elementary Control expenditures to improve fund balance and prepare for the future

Wilksinburg Budget Wilkinsburg Budget Total Revenue 2017-2018 $31,932,974 2018-2019 $30,007,720 2019-2020 $30,763,608

2019/20 REVENUE Revenues - Local - State -Federal TOTAL $ 30,763,609

SUMMARY OF REVENUE

6000 Local Revenues Local Revenues 2017-2018 (Actual) $ 13,914,139 2018-2019 (Yr End Proj.) $ 13,039,264 2019-2020 (Budget) $ 12,956,367 Real Estate Tax Public Utility Tax Per Capita Tax Act 511 Taxes Delinquent Taxes Interest Earnings IDEA-Fed Pass Thru Tuition Rentals Donations/Misc. Sale of Bldgs -I made revenue projections for those that were not fixed by doing the following. Taking the average of a four year history. (done most often) Looking at annual percentage increases to see if there is a trend. If found, then I continued it into the 04-05 year. (did not occur) Taking the lowest and highest amounts received then taking the mean. -Note: Current increase of $25,031 does not include any mil increase. -What consists the $25,031 increase is a $250,574 increase in Real Estate because new county assessment increased by roughly $5 million. Also, IDEA funds are now included totaling $289,000. Reason this is considered local revenue is because it is Federal Revenue that is given to the WIU, which is then passed along to the School Districts. These two increases are offset by the decrease in projected EIT collections and delinquent tax collections.

Property Tax Reduction 7000 State Revenues 2017-2018 (Actual) $15,756,255 2018-2019 (Yr End Proj.) $16,019,380 2019-2020 (Budget) $16,207,151 State Revenues Basic Subsidy Incentive Grants Vocational Special Education Transportation Rental Payments Medical/Dental Social Security Retirement Property Tax Reduction

8000 Federal Revenues Federal Revenues Title I – Improving Basic Programs Title II – Improving Teacher Quality Title IV – Academic Enrichment Access Funding Other Fed Programs 2017-2018 (Actual) $ 2,262,579 2018-2019 (Yr End Proj.) $ 1,556,164 2019-2020 (Budget) $ 1,600,090 -

REVENUE HIGHLIGHTS NO TAX INCREASE INCREASE IN REVENUE FROM BASIC EDUCATION SUBSIDY OF 2% Continued support from State with partnership funding of $3 million REAL ESTATE COLLECTIONS ARE AT 99% OF FACE CONTINUE TO INVEST DISTRICT FUNDS TO MAXIMIZE ROI EARNED INCOME TAX COLLECTIONS HAVE INCREASED OVER 20% FROM PREVIOUS YEARS CONSISTENT FUNDING IN TITLE I, II, AND IV DELINQUENT REAL ESTATE COLLECTIONS CONTINUE TO RISE, 13% ABOVE PREVIOUS YEARS

2019-2020 Budget expenses

Summary of Expenses Salary and Benefits =40% (State Average is 62.58%)

2019/20 EXPENSES Expenses - Salaries - Employee Benefits - Utilities - Intersystem Payments - Debt Service - Contracted Services - Consumables - Miscellaneous - Total $30,763,609

Function % of Budget

Five Categories – 77.5% of the Budget   77.5% of the school district budget is fixed at the outset of budget planning. 22.5% ($6,907,846) includes such important items as textbooks, computers, supplies, equipment, demonstration devices, charts, contracted services, auditing, board, legal, tuition and other professional services. -IN THE PAST THIS % HAS BEEN AS HIGH AS 83%....

EXPENDITURE HIGHLIGHTS Maintain Focus on Instruction and Professional Development Create Focus on Climate and Culture Further Progress on Attendance and Truancy Maintain Small Class Size Incorporate Flex-Space Environment Through Instructional Practice Training Build Capacity W/ Newly Staffed Central Office Team Reduce Expenditures by Absorbing Administrative Positions

2019-2020 Expenditure Highlights Additional Resources for the Elementary School Additional Funds for Continued Professional Development Resources for Teachers on: Project Based Learning Integrated Instruction Across Content Areas Increase STEAM Programming Cycles of Professional Learning Instructional Leadership Teams Grade Level Data Teams Data Driven Decision Making Protocol Small Group Guided Reading high yield instructional strategy Math High Yield Strategy (TBD) Continue Reading Diagnostic Assessment Professional Reading Materials

Building/ Classroom Enhancements Maintain Small Class Sizes New Special Education Director New Intermediate Team Principal Enhance Two Way Communication/Parental Involvement

PRELIMINARY GENERAL FUND BUDGET PROJECTED REVENUES $ 30,763,609 PROJECTED EXPENDITURES $ 30,763,609 EXPENDITURES EXCEED REVENUE $0

QUESTIONS?

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