July 2015 Budget Workshop Ryan Kahlden| Waxahachie ISD

Budget Process Road Map  June  Overview of budget timeline to date  Presented goals for budget  July  Continue to present weekly budget trainings via  Receive certified taxable values (around 7/25)  Continue to refine revenue/expenditure projections  August  Public hearing for tax rate and budget  Adopt tax rate and budget

Weekly Training Pieces  TASB Budget Preparation Questionnaire  Property Taxes  Estimated taxable value in April  Certified values in July  Account for significant portion of General Fund budget  Stipend schedules  Reviewed/adjusted annually  Should make sense

Questions Received  Why do other district’s announce teacher raises before we do?  Fiscal year end is different  Fiscal sustainability  How many new positions have we added this year? How many do we plan to add?  To date, we have added 46 and are requesting one additional position tonight  We anticipate that these are all of positions that will be requested*  Will we have sufficient revenues to keep class sizes small with anticipated growth?  Request to add positions for sustainable needs  Additional students yield additional revenues to help offset expenditures

Planned Communication Pieces  State funding template  Largest remaining revenue piece in the General Fund  Shows importance of student attendance  Inverse relationship with taxable property values  “The Budget Process” by Eichelbaum Wardell  Details important dates and processes of budget adoption cycle  Written by WISD legal council  Budgeted expenditures by Function  Level legally required to be posted and adopted

Feedback on Process  Additional questions from communication pieces / tonight?  Goal – my goal is to provide necessary information so that you are comfortable and knowledgeable with the budget process and budget recommendation in August for adoption.  Going forward:  Specific topics you would like to see presented  Specific details you would like communicated  What do you need to be comfortable/knowledgeable next month?