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Wheaton Warrenville CUSD 200

Wheaton Warrenville CUSD 200. PMA Financial Planning Program Presented by Michael Frances | Senior Financial Advisor PMA Financial Network, Inc. January 26, 2011. Operating Funds Revenue Budget – $145,057,505.

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Wheaton Warrenville CUSD 200

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  1. Wheaton Warrenville CUSD 200 PMA Financial Planning Program Presented by Michael Frances | Senior Financial Advisor PMA Financial Network, Inc. January 26, 2011

  2. Operating Funds Revenue Budget – $145,057,505 Operating Funds: Educational, Operations & Maintenance, Transportation, IMRF, and Working Cash Funds

  3. Revenue Assumptions – Property Taxes

  4. Revenue Assumptions – Property Taxes

  5. Revenue Assumptions – Other Local Revenue • CPPRT: • Projected at $1.93 million annually (between current budget of $1.73 million and DOR current estimate of $2.14 million) • Investment Income: • FY12: 0.25% rate of return with 0.25% annual increases • All other local revenues: • Projected at current FY11 budget

  6. Revenue Assumptions – State & Federal • State Revenue • General State Aid (GSA) • Factor of enrollment - Average Daily Attendance (ADA) • Foundation Level – currently $6,119 • $0 increase projected for FY12 & FY13 • $100 annual increase projected for FY14 – FY16 • Remain in Alternate Formula Funding • Other State Categorical Grants • 10% projected decrease over current FY11 budget • Federal Revenue • Reduction in FY12 due to loss of ARRA stimulus ($2.48 million) • Other Federal: no increase over current FY11 budget

  7. Revenue – Sensitivity • Tax Levy: • CPI 1%  = +/- $1.2 million • New Property: $1 million  = +/- $35,000 • General State Aid • $100 Foundation Level  = +/- $117,000 • $220  = district returns to foundation level formula funding for FY12

  8. Operating Funds Expense Budget – $145,057,200 Operating Funds: Educational, Operations & Maintenance, Transportation, IMRF, and Working Cash Funds

  9. Expenditure Assumptions • Salaries • Teachers • FY12: 1% increase, plus lane movement (est. $650,000) • FY13-16: 2.5% annual increases, plus lane movement ($650,000) • Support Staff • FY12-16: 2.75% (annual step increases) • Administration • FY12: 1% increase • FY13-16: 2.5% annual increases

  10. Expenditure Assumptions - Other • Health & Dental Benefits • FY12-16: 7% annual increases • Purchased Services, Supplies, Capital Outlay, Tuition • FY12-16: 2.5% annual increases

  11. Staffing Assumptions Excluding administration

  12. Additional Assumptions • No legislative changes in school funding • No change to PTELL (Tax Cap) • Includes known retirements in future years (27 in FY11, 17 in FY12, 35 in FY13, & 30 in FY14) with replacement teachers hired in at the BA+24 Lane Step 1 • Current FY11 Budget is accurate basis for projections

  13. Projected Revenues vs. Expenditures - Aggregate Operating Funds: Educational, Operations & Maintenance, Transportation, IMRF, and Working Cash Funds

  14. Historical / Projected Fund Balances

  15. ISBE Financial Profile

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