1. 2015-16 Final Budget Amendment and 2016-17 Proposed Budget
Presentation
June 14, 2016
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2. Agenda Fund Descriptions Property tax values
Homestead, Non-Homestead Millage Levy
Revenue, Expenditure, Fund Balance History
Foundation Allowance History
Enrollment History
General Fund Final Amendment & Original Budget
General Fund State Aid Revenue Assumptions
General Fund Revenue by Source
General Fund Expenditure by Object
Future Budget Considerations
Debt Retirement Fund
Capital Project Fund
Capital Maintenance Fund
Consolidated Special Revenue Funds
Community Education
Food Service
Troy Career Center
Facility Rental

3. Fund Descriptions
General Fund (1xx) – Accounts for revenue and expenses associated with the general operations of the District.
Debt Retirement Fund (3xx) – Accounts for revenue and expenses associated with the District’s debt obligations.
Capital Projects Fund (414, 415) – Accounts for the bond proceeds and expenses associated with the District’s bond projects (not included in this presentation).
Capital Maintenance Fund (499) – Accounts for the expenses associated with the District’s capital maintenance projects.
Food Service Fund (520) – Accounts for revenue and expenses associated with the District’s food service program.
TCC Grant Fund (529) – Accounts for the revenue and expenses associated with the District’s operations of the Troy Career Center
Community Service Fund (530) – Accounts for revenue and expenses associated with the District’s fee for service programs including PAL, CARE and TOTS.
Facility Rental Fund (535) – Accounts for the revenue and expenses associated with the District’s rental of various facilities.

4. .75% Increase

11. 2016 -17 General Fund State Aid Revenue Budget Assumptions
Foundation Allowance: increase of $60 per pupil = +$764,400
Enrollment assumption: 12,740 (increase of 24 students) = +$216,360
Categoricals:
MPSERS Categorical continue and remain funded at current levels
Increase in Property Tax Value or approximately 0.75%

12. Troy School District Summary of General Fund Revenue

13. General Fund Revenue by Source

15. 2016-17 General Fund Expenditure Budget Assumptions
Salary Increases to reflect agreements with employee unions.
Benefit Increases
Health Insurance: 2.5% increase in PA 152 hard cap rate
Retirement Increase to reflect increase in MPSERS UAAL rate stabilization (10.53% to 11.70%). This is offset by a slight decrease in the effective rate of 0.84% (25.78% to 24.94%)
FICA increase to reflect increase of salaries
No significant changes in Purchased Services, Supplies, Capital Outlay and Other Expenditures

16. Troy School District Summary of General Fund Expenditures by Object

18. Future Budget Considerations
Strategic Planning
Program Review
Student Staff Ratio Analysis
Operational Efficiencies and Effectiveness Opportunities
Resource Allocation and Prioritization

27. End