1. Proposed
Budget
August 21, 2017

2. Proposed 2017-18 Budget OVERVIEW
Based on estimated taxable values of $8,038,054,473 which is an estimated property value growth of approximately 8.5%
Proposed tax rates of:
Maintenance & Operations (M&O) $
Interest & Sinking (I&S) $
Total Tax Rate (per $100 valuation) $
Projected Ch. 41 Robin Hood Payment of $26,244, an estimated increase of $7.0 million over the prior year.
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

3. Proposed 2017-18 Revenue ASSUMPTIONS
Projected Enrollment of 8,312 - up 102 students from actual enrollment of ,210 in
Average Daily Attendance (ADA) of 7,896 students projected for the year.
Revenue per WADA of $5,746 – an decrease of $407 from the $6,153 per WADA in
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

4. Proposed 2017-18 Budget CONSIDERATIONS
Continued participation in the City of Southlake Tax Increment Financing Zone (TIFZ).
BABS Rebate Revenues of $2,050,714 (net of Federal sequestration) which is a decrease of $38,867 from
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

5. Proposed 2017-18 Budget CONSIDERATIONS
Proposed expenditure budget includes the following Board actions:
Staffing provisions under the Staffing Plan based on projected student enrollments per campus which includes 5 additional banked teaching units, three which have been filled.
A 3% of actual salary increase for all employees.
Adjusted three Aquatics supervisory positons and added a Swim School/Event Supervisor.
Counselor was added to coordinate all Counseling Services and to serve the counseling and academic needs of the students in the CMA program.
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

6. Proposed 2017-18 Budget General Fund Revenues
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

7. General Fund Expenditures
Proposed Budget
General Fund Expenditures
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

8. 2017-18 Proposed Budget General Fund Summary Total Revenues
107,201,909
Total Expenditures
112,010,830
Net Projected Change
in Fund Balance
(4,808,921)
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

9. Proposed 2017-18 Budget DEBT SERVICE FUND
Total revenue projection at I&S tax rate of $ per $100 = $28,428,338.
Debt obligations of $28,107,201 plus estimated fees of $300,000 for a total expenditure projection of $28,407,201.
CISD does not qualify for Instructional Facilities Allotment (IFA) or Existing Debt Allotment (EDA) from state funding.
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

10. Proposed 2017-18 Budget Debt Service Fund
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

11. The Journey To Excellence Begins Today. . .
√ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service