1 / 51

Madison City Schools

Madison City Schools. 2014 Budget. FY 2014 Proposed Budget 1 st Public Hearing July 25, 2013. Each Board of Education is required to: (1) Hold at least two open public hearings; (2) Conduct hearing during a regular Board meeting; (3) Conduct hearing at a convenient time and

jerzy
Download Presentation

Madison City Schools

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Madison City Schools 2014 Budget FY 2014 Proposed Budget 1st Public Hearing July 25, 2013

  2. Each Board of Education is required to: (1) Hold at least two open public hearings; (2) Conduct hearing during a regular Board meeting; (3) Conduct hearing at a convenient time and place; and (4) Publicize the date and time of the hearings. Requirements for Budget Hearings

  3. Purpose of Hearings Enhance Planning Process Accountability Inform Community Provide a Forum for Public Input Foster Public Support for School System

  4. Introduction All anticipated revenues from State, Federal and Local sources are included Conservative revenue estimates have been used on local sources Resources have been assigned to various programs to best serve the needs of students

  5. Key Factors Affecting Budget Instructional Needs Enrollment Personnel Costs State Funding Federal Budget Constraints Local Revenue Projections Facilities Capital Planning

  6. Budget Process Designed to develop a tool for the school system to use in order to provide an overall plan for the use of financial resources that will best serve the needs of the student body and encourage the concept of site based management.

  7. Maintain pupil/teacher ratios • Control expenses • Essential budget request only • Justify request • Maintain adequate fund reserves Madison City 2014 Budget Objective

  8. ETF Budget Highlights • System ADM increased by 315.60 • Funded Teacher Units increased by 17.11 • Classroom Student Materials (Teacher Money) $300/unit • Textbooks-$31.35/ADM ($505,002 budget) • We received $292,633 • ETF (Foundation Program) Increased by $2,781,846 • Transportation – Increased by $44,734 • Fleet Renewal – Increased by $294,000 (3 Buses) • 10 Mill Chargeback Increased by $118,860 • 10 Mill Chargeback Statewide Increased by $9,881,910 • Last Year 10 Mill Chargeback Statewide Decreased by (-$561,870)

  9. LEA AllocationFoundation Program

  10. FOUNDATION PROGRAM

  11. Analysis of Local FundsWithin Foundation Program

  12. Breakdown of teaching units by Source of Fund Forecasted Additional Units FY 2014 – 15 teachers due to growth. Actual Local Units if funded by state as in past – 9.70.

  13. LEA Allocation

  14. Enrollment by School Grew by 62 students since Tuesday.

  15. Enrollment by School Need to grow by 509 students to meet Demographers predictions.

  16. Madison City Schools 2013-2014 Budget 63.60 Operating Days of Fund Balance

  17. Total Proposed Budget  FY 14

  18. Per Pupil Revenue - 2012

  19. Per Pupil Expenditures PPE- 2012

  20. Total Revenue Less Major Cost Categories Total Revenue $95,000,805.70 Salaries & Benefits $66,476,787.88 $28,524,017.82 Debt Service $ 8,887,373.34 $19,636,644.48 Utilities $ 3,293,300.00 $16,343,344.48 Local Schools $ 5,881,789.24 $10,461,555.24 Special Revenue (CNP, Federal, $ 6,723,229.31 Access)$ 3,738,325.93 ------------------

  21. Proposed General Fund BudgetFY 2014 Revenue • State $ 46,298,339 • Federal $ 200,000 • Local $ 27,674,499 • Other Uses $ 196,000 TOTAL $74,368,838

  22. General Fund Local Revenues

  23. Major Local Revenue 1999-2014 Sales Tax (County, District & Madison)

  24. Major Local Revenue 1999-2014 Ad-Valorem (County, District & Madison)

  25. Major Local Revenue 1999-2014 Triana 9 Mil

  26. Major Local Revenue 1999-2014 County-Wide Ad-Valorem and Sales Tax

  27. Major Local Revenue 1999-2014 District Wide Ad-Valorem and Sales Tax (Madison County & City – Minus Huntsville)

  28. Major Local Revenue 1999-2014 Madison City Ad-Valorem and Sales Tax

  29. Major Local Revenue 1999-2014 TVA

  30. General Fund Local Revenues

  31. General Fund Salary & Benefits Expenditures

  32. Proposed General Fund Budget – FY 2014

  33. Proposed General Fund Budget FY 2014 - Expenditures

  34. Instruction $42,503,975 Direct Classroom Expenditures Teacher Salaries Teacher Aides Major Budget Items Salaries & Fringes $40,944,754 Materials & Supplies, Textbooks and Equipment $930,145 Purchased Services $629,076

  35. Instructional Support $12,534,571 Counseling Services Media/Technology Services School Adm. Services Health Services Instructional Resource Staff Development/ARI Major Budget Items Salaries and Fringes $11,167,755 Materials& Supplies, Textbooks and Equipment $530,725 Purchased Services $836,091

  36. Major Budget Items Salaries & Fringes $3,175,533 Utilities, Insurance & Telecommunications $3,560,500 Maintenance Supplies & Equipment $ 511,400 Purchased Services $1,552,142 Operations & Maintenance $8,799,575

  37. 62 Bus Routes Funding- State $ 2,394,373 Local $ 721,128 Major Budget Items Salaries & Fringes $ 2,338,751 Fuel, Equip, Supplies and Other Purchased Services $ 776,750 Transportation $3,115,501

  38. Board of Education • Superintendent & Administrative Staff • Accounting • Personnel Department • Purchased Services (Legal, Professional, Insurance, Auditing) General Administrative $2,469,442

  39. Pre-School $ 568,056 • Other $ 30,000 • Transfers to Other Programs • Child Nutrition Program $ 1,010,893 • Debt Service $ 4,054,698 Other Programs $5,663,647

  40. Special Revenue Funds $15,749,287 Special revenue funds included in the budget are comprised of federal funds that have specific guidelines and limitations on the expenditure of these funds. Local school public funds are also included in this group. Listed on the next slide are the primary programs and allocations for FY 2014. Sequestration will continue to have an effect on FY 2014. Title I, State Wide, has been reduced by $16,000,000. Madison City Schools will receive a slight increase only due to increased enrollment. IDEA-B has lost a total of $282,209.18.

  41. Special Revenue - Major Funding Programs

  42. Personnel Adm. Unit .15 Teacher Units 1.20 Support Units 1.20 Salaries/fringes(Includes Tutors) $ 435,346 Inst. Materials $ 131,479 Title I $ 566,825

  43. IDEA-B – Special Education $ 1,506,691 Salaries and Fringes $ 1,324,990 Contracts $ 181,701 Staff Summary 14.5 Teacher Units 1 Psychometrist/Behavioral Specialist 9 Mini Bus Aides Note: Due to Sequestration, IDEA-B has been reduced by $282,209.18 for FY 2014.

  44. Title II – Part A $108,113 2 Teachers – Class Size Reduction $ 108,113

  45. Child Nutrition Program $5,077,693 Revenue USDA $ 1,412,200 Sales and Commissions $ 2,482,850 Transfers from General Fund $ 1,010,893 Other $ 171,750

  46. Child Nutrition Program Expenditures Labor $2,165,276 Food $1,791,000 O/M $ 389,750 Supplies $ 195,554 Indirect Cost $ 413,153 Equipment $ 450,000

  47. Debt Service $8,887,373 This fund reflects the annual debt payment (principal and interest) of the Madison City Board of Education on its outstanding debt as of October 1, 2013. (Principal and Interest for 2013 BRAC Bond Issuance Included) • Funding Sources • Public School Fund $2,219,961 • Transfer General Fund $4,054,698 • Transfer Half Cent Sales Tax $2,569,791

  48. Madison City School's Outstanding Debt

  49. Capital Projects Fund $1,794,000 Land Purchase for new elementary school Purchase of school buses

  50. FY 2014 Proposed Budget 1st Public Hearing July 25, 2013

More Related