1. TROUP INDEPENDENT SCHOOL DISTRICT
Budget Hearing
August 31, 2016

2. DISTRICT FINANCIAL PLAN
A school district’s budget is a financial plan, but in practice it actually comprises three individual plans…
Educational Plan
Revenue Plan
Expenditure Plan

3. THE EDUCATIONAL PLAN
The budget supports the mission and strategic plan of the district, including:
District Goals
Campus Improvement Plans
Long-range Plans
Guide for Priority Spending

4. The estimated income expected from three major sources of revenue
THE REVENUE PLAN
The estimated income expected from three major sources of revenue

5. THE EXPENDITURE PLAN
The detailed part of the budget that provides an audit trail for revenues
Fund – where the revenue comes from
Function – why the revenue is spent
Object – what is purchased
Program Intent – mandated state allotment spending

6. BUDGET BY FUND
A fund is a self-balancing set of accounts recording financial resources and liabilities. A district designates the fund’s financial resources for a distinct purpose.

7. Budget by Function

8. BUDGET BY OBJECT (What types of items are purchased or services obtained)

9. BUDGET BY PROGRAM INTENT00
Undistributed
90,000 11
Basic Educational Services
3,415,633 21
Gifted & Talented
13,696 22
Career & Technical
346,020 23
Special Education
530,109 24
Accelerated Education
11,500 25
Bilingual Education
62,355 28
DAEP
118,895 30
Title I, Part A Compensatory Activities
265,444 31
High School Allotment
104,714 32
Pre-K
147,117 91
Athletics
481,972 99
5,662,998
TOTAL BUDGETED
$ ,250,453

10. DEBT SERVICE Interest & Sinking Fund Accounts for bonded indebtedness
Two outstanding bond issues
Troup ISD Unlimited Tax Refunding Bonds, Series 2010, maturing in 2028
Troup ISD Unlimited Tax Refunding Bonds, Series 2013 maturing in 2034
Total debt payments
$150,000 Principal
$337,880 Interest
$2,500 Paying Agent Fees

11. UNDERSTANDING FUND BALANCE Fund Balance is total assets minus total liabilities and encumbrances – your net worth.
The following examples illustrate why it is important to maintain an adequate level of unreserved fund balance…
Catastrophic and uninsured losses
Investment Income
Credit and bond rating
Cash flows for normal school operations
Shortfalls in one or more revenue sources
Capital improvements
Last-minute legislation!
TROUP ISD Fund Balance – August 31, 2015 – $6,701,168

12. HISTORICAL FUND BALANCE AND ENROLLMENT

13. 2016-2017 PROPOSED BUDGET GENERAL FUND (199) FOOD SERVICE (240)
DEBT SERVICE (599)
PROPOSED BUDGET
REVENUE:
7900 Transfer In
90,000
5700 Local
3,786,746
121,100
450,789
4,358,635
5800 State
6,232,227
3,000
35,591
6,274,818
5900 Federal
100,000
427,000
527,000
TOTAL REVENUE
$10,118,973
$641,100
$490,380
$11,250,453
EXPENDITURES:
00 Transfer Out
87,553
11 Instruction
5,161,625
12 Library
363,631
13 Curriculum
137,545
21 Instructional Leadership
54,971
64,971
23 Campus Leadership
708,707
31 Guidance & Counseling
179,244
33 Health Services
63,908
34 Pupil Transportation
361,414
35 Food Service
641,100
36 Extracurricular Activities
577,599
41 General Administration
606,819
51 Maintenance
1,332,985
1,33,,985
52 Security
81,450
53 Data Processing Services
126,204
61 Community Services
28,171
71 Debt Service
490,380
93 Payment to Fiscal Agent
165,000
95 Payment to Juvenile Justice
2,000
99 Intergovernmental Charges
77,700
TOTAL EXPENDITURES
PROPOSED BUDGET

14. TAX SUMMARY Current Taxable Value - $334,620,593
Current Tax Rate - $ per $100 valuation
Current Levy - $3,720,533
Tax Collections (as of July 31, 2016) - $3,631,169.78
Estimated Collections for August $20,000
Percent of Collections – 98.14%
Next Yr’s Taxable Value - $340,487,127
Next Yr’s Proposed Tax Rate - $ per $100 valuation

15. HISTORICAL TAX DATA YEAR M & O I & S TOTAL TAXABLE VALUE
2016 (Proposed)
1.0400
0.1300
1.1700
340,487,127
2015
1.0200
1.1500
334,620,593
2014
0.9930
0.1250
1.1180
294,664,197
2013
285,366,766
2012
0.9830
1.1080
285,204,628
2011
326,562,086
2010
374,908,903
2009
420,907,720
2008
0.9834
1.1084
453,673,349
2007
0.9434
0.1330
1.0764
415,503,743
2006
1.1880
0.0970
1.2850
391,162,322

17. TAX RATE COMPARISON (Required Newspaper Ad)
Last Year Next Year
Avg. Mkt. Value of Home $98,832 $102,135
Avg. Taxable Value $74,359 $77,672
This Yr Rate/Next Yr Rate $ $1.1700
Taxes Due on Avg. Residence $ $908.76
Increase (Decrease) in Tax $53.63