1. Paola USD #368 2013-14 Budget Presentation

2.  Table of Contents - list of all codes/funds  Budget Review (Jimmy) – budget summary  Hearing Notice (Code 99) – mill levies  Budget At A Glance – charts/graphs  Budget Profile (Judy) – district information  Budget Documents – individual codes/funds  Forms – supporting documents/worksheets

3.  Mill levy set by State at 20 mills  Funds are transferred to numerous programs and weighted funds (At-Risk, Bilingual, Vocational Education, Professional Development, etc.).  Base State Aid Per Pupil (BSAPP) x Weighted Enrollment = General Fund Budget

11.  Weighted Enrollment 3,038.1  Less Special Ed Weighting -538.2 2499.9  BSAPP x $4,433 $11,082,057  2013-14 Special Ed Aid + $2,065,504 $13,147,561  USD #368 authority x 30%  LOB Budget $3,944,268

12. 2012-13 LOB  $3,909,406 2013-14 LOB  $3,944,268 (+$34,862)

15. 2012-13 Budget:  Federal Funds$397,085  Adult Education$234,520  Adult Ed Suppl. $183,082  At-Risk $1,349,097  Bilingual$41,919  Capital Outlay $2,720,000  Driver Training$35,580  Food Service $1,315,546  Professional Dev.$44,000  Parent Education$222,320  Special Education $3,147,591 2013-14 Budget:  Federal Funds$357,619  Adult Education$208,022  Adult Ed Suppl.$125,766  At-Risk $1,569,362  Bilingual$40,000  Capital Outlay$2,720,000  Driver Training$43,488  Food Service$1,272,069  Professional Dev.$99,104  Parent Education$218,184  Special Education $3,740,136

16. 2012-13 Budget:  Vocational Education$682,694  Gifts & Grants$106,267  Special Reserve$0  KPERS $1,916,359  Contingency Reserve$0  Student Materials$0  Activity Fund$0  Bond & Interest $2,439,577  Special Assessment$29,107  Special Ed Coop $14,303,916 2013-14 Budget:  Vocational Education$690,079  Gifts & Grants$113,937  Special Reserve$0  KPERS$2,100,770  Contingency Reserve$0  Student Materials$0  Activity Fund$0  Bond & Interest $1,536,136  Special Assessment$29,107  Special Ed Coop $15,087,757

21.  Based on the current repayment schedule, all district bonds would be paid in full by June 30, 2018  Cash balance in the bond & interest fund will be sufficient to pay the bonds in full by Sept 1, 2016 (16-17)  The last year to levy for the bond & interest fund would be 15-16  The latest possible bond election date would be early 2016. Assuming a 3-12 month bond planning timeline, the process would need to begin early to mid 2015 (or sooner).  The following dates are available election dates in 2014 and 2015 per the Miami County Clerk:  2014: August 5, 2014 & November 4, 2014  2015: March 3, 2015 & April 7, 2015  Current projections indicate the district could issue up to $20 million in new bond funds and maintain a flat mill levy (subject to interest rates, state aid changes, etc.) Bond Series2012-132013-142014-152015-162016-172017-18 Series 2005$4,085,000$3,110,000$1,590,000-0- Series 2009$315,000-0- Series 2012$3,460,000 $1,945,000$400,000 TOTAL:$7,860,000$6,570,000$5,050,000$3,460,000$1,945,000$400,000

25.  Cost per student factors (Paola)  Title/Neglect (Lakemary Center)  Adult Education – 2 districts: Paola/Osawatomie  Parents As Teachers – 5 districts  Special Education Coop – 8 districts ($15 million)  Vocational – Carl Perkins Consortium (3 districts)  USD #368’s budget is the 33 rd largest in Kansas (out of 286 districts)* *Source: KSDE Custom Reports, 2011-12

26.  Continued decrease in enrollment  Continued decrease in assessed valuation  State income tax reduction/elimination ramifications (possible -$23.7 million ending state general fund balance in FY 18)  Stagnant state funding (BSAPP) combined with increasing operational & staff costs  Health Care Reform / Affordable Care Act

27.  According to KSDE, Kansas schools are short $1.23 billion (Hays Post)  Kansas State Board of Education voted in July to seek $673 million increased education funding (KASB)  In January 2013, a three-judge panel ruled that the extensive reductions in state aid were unconstitutional.  Judges stated that it “seems completely illogical that the state can argue that a reduction in education funding was necessitated by the downturn in the economy and the state’s diminishing resources and at the same time cut taxes further.”  Kansas Supreme Court appeal hearing October 8 th  Decision expected to be issued during the 2014 legislative session

28. Questions?

29. Thanks!