1. Business Manager and CFO Roundtable Discussion
April 25, 2017
Hank Johnson
Consultant

2. Partners in Education
PPT (2/12)

3. Horace Mann Founded by Educators for Educators®
We are the nation’s largest multiline insurance company focusing on educators and their families.
With nearly $10 billion in assets, we offer a full line of personal insurance and retirement planning products.
We’ve been in the 403(b) tax-deferred annuity (TDA) market since 1961.
We provide school districts and their employees with solutions designed to maximize savings, enhance benefits and support the mission of public education.
We are the nation’s largest multiline insurance company focusing on educators and their families.
With nearly $10 billion in assets, we offer a full line of personal insurance and retirement planning products.
We’ve been in the 403(b) tax-deferred annuity (TDA) market since 1961, the year Congress first made them available to public school employees.
We provide school districts and their employees with solutions designed to maximize savings, enhance benefits and support the mission of public education.

4. Agenda Introductions Upcoming Events
Updates on recent TEA Correspondence
Current News and Updates/Reminders
Small Group Discussions
Discussion for Future Meetings
Questions and Comments

5. Upcoming Events
Public Funds Investment Training - May 11, 2017 (9:00am - 03:00pm)
The Business Center at ESC Region 11 is hosting a Public Funds Investment Training. This session is presented by guest speaker Patrick Shinkle, Associate Director for the Center for Public Management at the University of North Texas. Shinkle has more than 17 years of experience in public funds management in Texas, including 12 years as Administrator of LOGIC and five years as part of the TexPool management team. Shinkle has spoken on investment management, disaster recovery planning, computer security awareness, and technology-related issues. CPAs will receive CPE credit.

6. Recent TEA Correspondence: Accreditation Ratings
accreditation status results are available
Posted publicly to the TEA website on the Accreditation Status homepage at
Includes
2016 FIRST rating
2016 Accountability rating
Accreditation status
Reason for status if not accredited or pending

7. Recent TEA Correspondence: Travel and Mileage Reimbursement
The Comptroller published the travel and mileage reimbursement rates
Effective through August 31, 2017, as listed below:
Automobile mileage reimbursement rate is 53.5 cents per mile.
Lodging reimbursement rate is up to $85 a night for in-state travel to areas not listed on the federal per diem rate map.
Lodging reimbursement rate is up to $91 a night for out-of-state travel to areas not listed on the federal per diem rate map.
Meal reimbursement rate for overnight travel is up to $51 per day for travel to areas not listed on the federal per diem rate map.
Meal reimbursement rate for non-overnight travel is up to $36.
The mileage, lodging, and meal reimbursement rates published by the comptroller apply to all grants funded by the Texas Education Agency for individuals on travel status.

8. Recent TEA Correspondence: Instructional Materials for the 2017−2018 School Year
instructional materials ordering closed April 3
EMAT reopens May 1 for the 2017−2018 school year
Districts required to certify annually:
Students have access to instructional materials
To cover all of the Texas Essential Knowledge and Skills (TEKS)
Failure to certify:
Unable to order 2017−2018 instructional materials through EMAT

9. Recent TEA Correspondence: 2017–2018 Optional Flexible Year Program (OFYP)
Your school district or charter school may modify its instructional calendar for up to 4,200 minutes
The application requires the following information:
1) a completed 2017–2018 application,
2) a modified 2017–2018 instructional calendar, and
3) a letter describing the proposed modifications to the instructional calendar that includes a description of the OFYP.

10. Recent TEA Correspondence: Maintenance of Effort
TEA performed/performing 2015–2016 IDEA-B LEA MOE Compliance Reviews
LEA’s were required to reply by April 10 to preliminary review
TEA to release final IDEA-B LEA MOE determinations
Refunds are based on final

11. Recent TEA Correspondence: Every Student Succeeds Act
NCLB Consolidated Grant Application requires two new schedules
Schedule PS3001—Needs Assessment, Priorities, and Program Outcomes and addresses the performance monitoring
Schedule PS3099—Private School Services incorporates the new formula for determining private school services in ESSA

12. Recent TEA Correspondence: Every Student Succeeds Act (New for 2017-2018)
District Equity Plan Requirement – All LEAs receiving Title 1
Must develop a plan for “how the local educational agency will identify and address”:
Any disparities that result in low-income students and minority students being taught at higher rates than other students by ineffective, inexperienced, or out-of-field teachers
Reporting and Planning templates include “Funding”

13. Recent TEA Correspondence: House Bill 2610
KEY POINTS TO REMEMBER
Current school year (2016–2017) first year for funding reduction:
For campuses reporting minutes of operation with less than 75,600 minutes.   
Check your calendars before the school year ends to make sure your campuses reach at least 75,600 minutes by the end of the current school year (2016–2017).   
The Texas Education Agency (TEA) will not know which campuses fell short of meeting 75,600 minutes until after the summer PEIMS submission.   
One-time waivers expire at the end of current school year (2016– 2017):
Prekindergarten and dropout recovery campuses.

14. Recent TEA Correspondence: Loss of Property Value for Local Option Homestead Exemption
Recognition of 50% loss of property value for Local Option Homestead Exemption (LOHE)
Previously recognized if surplus in FSP or a specific appropriation for the recognition
Beginning school year, 50% will be recognized every year regardless
Impacts:
Chapter 41 calculation of recapture
Chapter 46 facility allotments

15. Recent TEA Correspondence: Certification Exam Reimbursement for School Year 2016-2017
TEA can reimburse LEAs for the cost of certification exams if:
Student completed program (End of program exam)
Taken and Passed exam
Qualifies for license certificate before July 31, 2017
One exam per student
LEA paid for the exam with state and local funds
Application must be submitted by August 4, 2017
Limited funds – first come first serve

16. Update: Summary of Finances
Updated April Final
Tax Collections
State Funding
Recapture
Summary of Finances
Updated mid April

17. Update: SOF Template New Template February 3, 2017 (Release 2)
Incorporates new rules for local option homestead exemption (LOHE)
No need to change from previous version if:
District does not provide LOHE

18. Update: Review 2016-2017 Estimates
Projections:
Compare actual tax collections to estimates
Compare attendance through 5th six weeks with estimates
Recalculate state funding
Recalculate recapture

19. Update: 2017-2018 Budget Projections: 2017-2018 Students Enrollment
Attendance
Weighted Average Daily Attendance

20. Update: 2016-2017 Budget Projections: 2017-2018 Revenue
Property values
Tax revenue calculations
State funding
ASATR (?)
Recapture

21. Current News Senate Bill 2145 (Public School Finance)
Simplifies funding formula
Removes certain penalties
Removes many complex formula add-ons
Addresses equity
Based on cost

22. Current News Senate Bill 2145 (Public School Finance)
Instructional allotment made up of five components:
Regular Ed
Special Ed
Comp Ed
Bilingual
Technical Training

23. Current News Senate Bill 2145 (Public School Finance)
Instructional Allotment
Multiplied by tax rate
Equals instructional funding
Add transportation
Equals total funding

24. Current News Senate Bill 2145 (Public School Finance) Funding
ASF – per capita
Tax collections
State FSP makes up difference
Recapture = tax collections exceeding total cost

25. Current News House Bill 21 (Public School Finance)
Commits $1.8 billion above enrollment growth
Moves toward a more simplified system
Adds greater equity by increasing the basic allotment
Reduces recapture
Includes a new weight for students with dyslexia at 0.1
Increases the bilingual weight from 0.1 to 0.11
Provides transitional grant funding for those districts impacted by the expiration of ASATR
Note: Basic Allotment proposed at $5,350

26. Small Group Discussion
Budget
Pending legislation
Revenue projections
Preliminary taxable property values
Estimating certified values
Student projections
Validating estimates
Salary Increases
Current discussion and/or decisions

27. Discussion for Future Meetings
Future Topics
Dates for Future Meetings

28. Questions and Comments