1. Stone Bank School
Budget hearing

2. Budget Process
June/July Finance Committee Reviews Department Budgets
August 21, Preliminary budget approved
September Ongoing analysis of budget and 3rd Friday Count
October 23, 2017 Final budget approved

3. 17/18 Key Initiatives Focus funds towards curriculum goals
Reading curriculum
FOSS Science materials
Build fund balance
Fund 10
Fund 46
Immediate improvement of food program
Long-term landscaping plan

4. State Budget $200 per pupil revenue for 17-18 ($450 total)
Thereafter, $630 per year
$300 per student increase for Open Enrollment
Lifetime teacher licenses

5. 2017-2018 Budget at a Glance General Fund (Fund 10):
Budgeted Revenues: $4,340,535
Budgeted Expenditures: $4,340,535
Difference: $0- Balanced Budget

6. Fund 10 Revenue Summary Local Sources- 69% State Sources- 5%
Unaudited
Budget
Difference
Change %
Local Sources
$3,015,749
$3,002,202
$13,547 0%
State Sources
$171,248
$212,090
$40,842 1%
Federal Sources
$110,962
$115,997
$5,035 5%
Other
$900,297
$ 1,011,201
$110,904
12%
Local Sources- 69%
State Sources- 5%
Federal Sources- 3%
Other Sources- 23%

7. District Enrollment Two Year Comparison of District Enrollment 2016-17
16-17
SBS Seats
OE In
OE Out
Total
FTE K4 38 13 2 27
13.5 K5 8 1 20
Grades 1-8
308 98 24
234
373
119
281
267.5
17-18
SBS Seats
OE In
OE Out
Total
FTE K4 24 5 12 K5 41 17 3 27
Grades 1-8
321
104 31
248
386
126 39
299
287

9. Tax Levy 2016-17- $32,506 Declining Enrollment Exemption
1- time payment
Fund 10 Tax Levy
Should have been $32,506 less than
Instead, only a $10,912 decrease from 16-17
If the district were to maintain enrollment level for next year
Average Membership- 286 (+7)
$75,000 increase in funding

11. Open Enrollment Program
130 estimated Open Enrolled Students for
$874,000 currently in budget
Provides needed revenue to support district initiatives and programs
Numbers based on last year’s $6,748 per FTE

12. Fund 10 Expenditure Breakdown
16-17
17-18
Change %
Salaries
2,208,176
2,111,270
(96,906)
-4%
Benefits
850,840
966,781
87,541
10%
Purchased Services
242,061
204,803
(8,858)
Transportation
120,500
135,130
14,630
12%
Utilities
76,000
68,000
(8,000)
-11%
Dues and Fees
25,181
18,913
(6,268)
-25%
Supplies
208,926
182,081
(26,845)
-13%
Capital
13,100
30,000
16,900
129%
Other
587,000
623,558
36,558 6%
4,331,784
4,340,536

13. Fund 10 by Function Actual 16-17 Budget 17-18
EXPENDITURES & OTHER FINANCING USES
Actual 16-17
Budget 17-18
Instruction Undifferentiated Curriculum
1,199,512.00
1,194,871
Regular Curriculum
851,553.34
831,189
Physical Curriculum
163,722.82
163,812
Co-Curricular Activities
27,919.28
27,860
Other Special Needs
83,641.79
83,887
Subtotal Instruction
2,326,349.23
2,301,619
Support Sources Pupil Services
84,784.33
86,386
Instructional Staff Services
155,879.33
150,119
General Administration
304,234.65
276,229
School Building Administration
68,807.14
64,499
Business Administration
582,817.52
586,274
Central Services
100,577.98
165,512
Insurance & Judgments
53,201.38
55,554
Debt Services
1,350.97
7,500
Other Support Services
42,539.56
94,500
Subtotal Support Sources
1,394,192.86
1,486,573
Non-Program Transactions Inter-fund Transfers
309,601.67
256,402
Instructional Service Payments
239,179.13
295,942
Other Non-Program Transactions
0.00
Subtotal Non-Program Transactions
548,780.80
552,344
TOTAL EXPENDITURES & OTHER FINANCING USES
4,269,322.89
4,340,534.91

14. Fund 27 Expenditures 16-17 Actual 17-18 Budget
EXPENDITURES & OTHER FINANCING USES
16-17 Actual
17-18 Budget
Special Education Curriculum
351,850.72
320,042.00
Subtotal Instruction
Support Sources Pupil Services
173,494.79
176,756.00
Instructional Staff Services
2,749.63
Business Administration
8,308.45
Other Support Services
15,809.00
10,706.00
Subtotal Support Sources
200,361.87
187,462.00
Instructional Service Payments
23,995.08
Other Non-Program Transactions
0.00
24,000.00
Subtotal Non-Program Transactions
TOTAL EXPENDTURES & OTHER FINANCING USES
576,207.67
531,504.00

15. Fund 38- Debt Service Debt Payments for 2017-18
Spring 2018
Principal- $240,000
Interest- $19,922.50
Fall 2018
Interest- $18,122.50
Total Debt Payments- $278,045

16. Fund 49- Referendum Stone Bank School Security Vestibule
Fund 49- Referendum Project
$73,484
Description
Costs
Installation of Window/Counter
$ ,527
Painting/ Wall Base
$ 5,990
Installation-Equipment- Buzzers/Locks
$ 3,550
Installation/ Equipment- Panic Bars
$ 3,784
Flooring/ Furniture
$ 16,095
Furniture
$ 18,723
Total Cost
$ 69,669

17. Fund 50 Budget Hot Lunch Milk Sales Aids Register Snack Ala Carte
FOOD SERVICE FUND (FUND 50)
Budget
Hot Lunch
75,000.00
Milk Sales
4,750.00
Aids Register
15,875.00
Snack
1,500.00
Ala Carte
3,000.00
TOTAL REVENUES & OTHER FINANCING SOURCES
100,125.00
Staffing
42,390.00
Supplies/ Services
2,420.00
Food/ Milk
55,315.00
TOTAL EXPENDITURES & OTHER FINANCING USES

18. Fund 50- Food Services Goal #1- Increase Revenue
Increase lunch numbers by providing a better lunch experience for students
More in district cooked meals
Fresher fruits and vegetables
Smart Snacks
Goal #2- Decrease expense
Switch food providers from US Foods to GFS
Join HPS buying Co-op
Switch to Mapleton Dairy for milk

19. Fund 80- Community Services
Community Service (Fund 80)
Budget
Tax Levy
31,829.00
Wrap Care
21,001.00
TOTAL REVENUES & OTHER FINANCING SOURCES
52,830.00
Staffing
32,932.00
Cleaning Service
19,898.00
TOTAL EXPENDITURES & OTHER FINANCING USES

20. Tax Levy by Fund

21. Mill Rate

22. Mill Rate Per $1,000 of Property Value 2016-2017 Final Mill Rate $4.96
Estimated Mill Rate $4.95
Home Value 2017
$150,000
$300,000
$400,000
School Tax 16-17 $
$1,488.00
$ 1,984.00 $
$ 1,485.00
$ 1,980.00

23. Upcoming Finance Calendar
September 11: Preliminary budget presented and tax levy approved
September 15: 3rd Friday Student Count
October 15: DPI provides final general school aid figures
October 23: Board approves final budget and property levy for 17-18
November: Start 18/19 budget process

24. Questions?