1. FY 2019 Preliminary Budget Red Clay Consolidated School District
Recommendation to the Board of Education
July 11, 2018
Jill M. Floore, CFO
Mervin B. Daugherty, Ed.D., Superintendent

2. Budget Development Process
Impact of state funding/legislation
Review FY18 Close-out
Develop general operating budget
maintain funding priorities
Strategic plan/operational needs
Referendum initiatives
1:1 Technology (Applications, Bandwidth, Capacity, Devices)
Continued programming
Curriculum/Math Textbook Adoption
Elementary Talented and Gifted
Reading support/RTI
Inclusion
ELL support
International Baccalaureate/AVID/Summer STEM
Behavior interventionists
Assistant principals/School Climate
Schools support
Security (SROs, constables, building and bus cameras)
K-3 targeted class size reduction and building staffing needs
Maintain carry-forward balance without operating deficit

3. FY18 Budget vs. Actual highlights
Total State and Local Revenues: $208,939,461
($968,146) or .46% less than Final Budget
Total Expenditures $204,479,253
($3,512,255) or 1.69% less than Final Budget
Local funds ending balance $13,935,767 vs budgeted $12,951,120

4. FY2019 Preliminary Budget – Revenues
FY18 Last year of operating referendum increase
Decrease in property assessments impacting local revenue receipts
Decrease in interest rate calculation
Change in Senior Property Tax Credit
Two Christina choice settlements paid in FY18
Increase in Indirect Cost Calculation
Needs-based tuition funding increase $500,000
$1,156,846 increase in charter payments
Enrollment, 2% increase and Policy Change to Include Match Tax Expenditures
State budget additions and new local match provision
K-3 Spec Ed; K-4 Reading Specialists, Opportunity Grants
State give-back will continue – approximately $3M
Division I - State salary increase – 2% or $1,000 plus $500 bonus
Division II reduction reflects ESCO payment
Total Projected Revenues $228,009, % above FY18 Budget

5. FY19 Preliminary Budget - Expenditures
Increases
Special education $171,204, Maintenance $180,000 Security $128,816, and Equity Officer $50,000
State salary increase includes unit growth, 2% or $1000 salary increase, $500 bonus and step increases. Offset by give-back
Local salary increase for steps and increase in special education positions
Expenditures for state budget initiatives including Opportunity Grants, K-3 Basic Special Education, K-4 Reading Intervention, Math Coaches
Transportation – local increase for change in route schedule; decrease in contractor transportation
Reductions
Maintains FY18 Reductions
School budgets not reduced; budgets may increase or decrease based on 15% carry forward allowance from previous year or changes in unit count
District wide services decreases for substitutes, insurance and one-time use of prior year balance, copy center and legal fees
Total Projected Expenditures +3.0% vs FY18 Final Budget

6. FY 2019 Operating Budget Summary

7. Division 32 Operating Budget Breakdown by Category

8. Division 32 Salary Breakdown by Category

9. FY 2019 Tax Rates Includes both residential and non-residential
Per $100 of assessed value
Assumes 99% collection rate
Amount per average household $1,841 a decrease of $13

10. FFY 2019 Federal Budget

11. FY19 Budget – All Funds

12. Questions Next Steps August 15, 2018 Board Action Item
August Board Workshop – 3 Year Forecast
September 30 Count
Monthly Community Financial Review Committee
LOBBY LOBBY LOBBY – K-3
Final Budget Presented December, 2018
Governor’s Recommended FY20 Budget
January, 2019