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Rod Zivkovich Executive Director of Finance and Support Services
Budget Update February 13, 2017 Rod Zivkovich Executive Director of Finance and Support Services
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Presentation Objectives
Prepare School Board to make an informed decision on the Proposed Revised Budgets Board Action tonight
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New information since Board approved the budget
Timeline Decision Decision Date New information since Board approved the budget Proposed Budget Adjustments February 13, 2017 Audit Updated enrollment, legislation and financial data
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Budget Revision Categories
Prior year carry over Updated information Grants/Gifts/Revenue Other
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Funds Capital and Deferred Maintenance Debt Service
Operating Capital Alternative Facilities (Deferred Maintenance) Construction Capital Projects (Technology and Security) Debt Service Insurance and Internal Services Self-Insured Dental and Medical OPEB Trust and Debt Internal Service (Vacation and Severance) Operating Funds Food Services Community Services General Fund/Transportation
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2016-17 Proposed Revised Budget
Operating Capital
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Operating Capital Beginning Fund Balance 3,602,139 $2,722,382
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance 3,602,139 $2,722,382 $5,287,810 Revenues 3,161,177 3,612,543 225,790 3,838,333 Expenditures 1,475,506 4,442,499 100,361 4,542,860 Rev over Exp 1,685,671 (829,956) 125,429 (704,527) Ending $1,892,426 $4,583,283
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2016-17 Proposed Revised Budget
Alternative Facilities Fund
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Alternative Facilities Fund
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $22,172,477 $9,119,676 $11,684,690 Revenues 3,624,236 3,785,510 15,000 3,800,510 Expenditures 14,112,023 12,905,186 Rev over Exp (10,487,787) (9,119,676) (9,104,676) Ending $0 $2,580,014
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2016-17 Proposed Revised Budget
Capital Projects Fund
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Capital Projects Fund Beginning Fund Balance $1,432,498 $419,801
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $1,432,498 $419,801 $2,524,462 Revenues 5,743,977 5,982,199 Expenditures 4,652,013 6,260,039 1,000,000 7,260,039 Rev over Exp 1,091,964 (277,840) (1,000,000) (1,277,840) Ending $141,961 $1,246,622
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2016-17 Proposed Revised Budget
Debt Service Fund
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Debt Service Fund Beginning Fund Balance $1,591,349 $733,684 $675,609
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $1,591,349 $733,684 $675,609 Revenues 10,935,730 11,175,338 2,000 11,177,338 Expenditures 11,851,470 11,104,750 Rev over Exp (915,740) 70,588 72,588 Ending $804,272 $748,197
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2016-17 Proposed Revised Budget
Self-Insured Dental Fund
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Self-Insured Dental Fund
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $1,141,873 $1,131,873 $1,193,408 Revenues 1,265,110 1,300,000 Expenditures 1,213,575 1,340,000 Rev over Exp 51,535 (40,000) Ending $1,091,873 $1,153,408
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2016-17 Proposed Revised Budget
Self-Insured Medical Fund
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Self-Insured Medical Fund
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $4,244,085 $4,994,085 $5,577,520 Revenues 19,807,735 20,510,000 (800,000) 19,710,000 Expenditures 18,474,300 19,950,000 (700,000) 19,250,000 Rev over Exp 1,333,435 560,000 (100,000) 460,000 Ending $5,554,085 $6,037,520
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2016-17 Proposed Revised Budget
Other Post Employment Benefits (OPEB) and Internal Service Funds
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OPEB Trust Fund Beginning Fund Balance $14,731,724 $14,006,724
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $14,731,724 $14,006,724 $14,927,738 Revenues 196,264 75,000 Expenditures 250 800,000 Rev over Exp 196,014 (725,000) Ending $13,281,724 $14,202,738
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OPEB Debt Fund Beginning Fund Balance $189,745 $210,722 $204,574
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $189,745 $210,722 $204,574 Revenues 887,385 875,631 (1,760) 873,871 Expenditures 872,556 881,806 Rev over Exp 14,829 (6,175) (7,935) Ending $204,547 $196,639
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Internal Services Fund
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $6,828,670 $6,821,718 Revenues 536,594 Expenditures 543,546 400,000 Rev over Exp (6,952) (400,000) Ending $6,428,670 $6,421,718
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2016-17 Proposed Revised Budget
Food Services Fund
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Food Services Fund Beginning Fund Balance $1,131,911 $1,133,661
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $1,131,911 $1,133,661 $1,144,193 Revenues 5,118,987 5,185,715 (16,201) 5,169,514 Expenditures 5,106,705 5,292,255 Rev over Exp 12,282 (106,540) (122,741) Ending $1,027,121 $1,021,452
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2016-17 Proposed Revised Budget
Community Services Fund
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Community Services Fund
Audit Budget Board Approved June 2016 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $2,456,490 $2,307,155 $3,016,707 Revenues 12,939,900 12,775,492 279,431 13,054,923 Expenditures 12,379,683 12,799,045 (311,553) 12,427,492 Rev over Exp 560,217 (23,553) 590,984 627,431 Ending $2,283,602 $3,644,138
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2016-17 Proposed Revised Budget
General/Transportation Funds
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General/Transportation Fund
Audit Budget Board Approved June 2015 Proposed Budget Revisions Proposed Revised Budget Beginning Fund Balance $16,128,663 $13,442,654 $13,052,692 Revenues 131,605,645 129,645,709 2,438,135 132,083,844 Expenditures 134,023,443 130,738,164 2,316,429 133,054,593 Rev over Exp (2,417,798) (1,092,455) 121,706 (970,749) Change in Assigned and Restricted (658,173) Ending Fund Balance $12,350,199 $12,081,943
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Next Steps Board approval February 13, 2017
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2016-17 Proposed Revised Budgets Presentation
Questions and/or Comments
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