1. CTMS SCHOOL FINANCE DISCUSSIONS APRIL 25, 2014

2. Budget GCISD Budget  General Operating-$140 Million  Child Nutrition-$6.2 Million  Debt Service-$31 Million Building a Campus Budget  Campus Allocations-Per Pupil- CTMS $123,220 (2014-15)  Per Student ($92)-$73,968  Athletics ($13)-$10,452  Staff Development ($60)-$2,400  Special Programs-$36,400

3. Budget Building a Campus Budget  Principal works with teachers  Principal works with Campus Excellence Committee (CEC)  Distributes the budget based on needs Building a District Budget  Estimate Revenues (Money in the bank)  Estimate Payroll Costs-86% of budget-$93 Million  Estimate Fixed Costs (We must pay!)  Estimate Recapture Payment (Robin Hood)-$24 Million

4. Budget Revenue Estimates (Money in the Bank)  Tax Revenues  Estimated based on tax properties  Estimated based on current tax rate  State Revenues  Calculate based on current formulas approved by the Legislators and projected student enrollment  Federal Revenues  Flood Control Payment

5. Budget Revenue Estimates (Money in the Bank)  Other Local Revenues  Athletic receipts  Tuition  Rentals  ECDC/KidzU  Phone Tower Rentals  Participation Fees  Interest  Parking Fees

6. Budget SourceAmount% Taxes $80,621,23081.38 KidzU/ECDC 2,160,0002.18 Other Local 3,040,9003.07 State 11,878,69411.99 Federal 1,361,4541.38 TOTAL $99,062,278 * Excludes TIF ($8,000,000) and Recapture ($23,949,387)

7. Budget Expenditure Estimates (Money out of the Bank)  Payroll  Supplies & Materials  Utilities  Insurance  Other  Recapture (Robin Hood)

8. Budget Recapture-Robin Hood Payment  Wealthy property district  Wealth per Student-$661,014  Maximum wealth per student allowed-$495,000  Golden Pennies-6 cents of tax rate not sent to State

9. Budget ObjectAmount% Payroll$92,551,65085.86 Contracted Service9,324,6728.65 Supplies3,941,1263.65 Other1,931,9821.79 Capital Outlay36,368.05 TOTAL$107,785,798 * Excludes TIF ($8,000,000) and Recapture ($23,949,387)

10. Budget 2013-20142014-20152015-2016 Revenues $99,062,278$101,769,286$100,743,609 Expenditures $107,785,798$108,132,805$108,510,554 Difference ($8,723,520)($6,363,519)($7,766,945) Budgets before any cost of living adjustments for employees.

11. What to Do?? Increase students  Changed transfer policy to allow students from outside the district if they live in Grapevine or Colleyville  Started iUniversity Prep (a virtual school)  Come to school  2013-2014 1 st Semester attendance rate 97.9%  Increase attendance rate by.5% to 98.4%  Increase funding for year--$231,933 Increase revenues  Have to ask citizens to increase tax rate  Lawsuit against the State

12. What to Do?? Ruling: “Eight years ago, at the conclusion of a previous school finance case, I said that education costs money but that ignorance costs more money….it is the people of Texas who must set the standards, make the sacrifice, and give direction to their leaders as to what kind of education system they want….the problems only get worse the longer we wait.”----Judge John Dietz IDEAS???