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Catoosa County Schools FY 18 Budget HEARING JULY 27, 2017

Get information about the Catoosa County Schools FY 18 Budget, including details on local and state revenue, fund balance, contingencies, expenditures, and changes in the fund balance.

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Catoosa County Schools FY 18 Budget HEARING JULY 27, 2017

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  1. Catoosa County SchoolsFY 18 Budget HEARINGJULY 27, 2017 Every child, every day, without exception! 

  2. FY 18 Budget • Local Revenue: Large increase in reassessed property values based on the cost of new construction • State Revenue: Austerity reduction remains at 1.98% of QBE Earnings • Fund Balance: Projected to end FY17 with a fund balance of 10.4% of projected FY18 expenditures

  3. FY 18 Budget • Based on enrollment of 10,432 students • Maintains 175 instructional days • Increases base pay for all employees by 2% • Includes 804.5 teaching positions and 166 paraprofessionals • Includes Charter System Funds of $982,464 passed directly to schools

  4. FY 18 Budget Contingencies Included: • Health Insurance Participation Levels: • 69% Classified (64% current level) • 84% Certified (79% current level) • Holds 5 teaching positions in reserve Contingency amount estimated to total: $1,120,800

  5. Local Revenue

  6. Tax Digest History

  7. State Revenue

  8. State Revenue • FY 17 Initial • Total Funding: $ 66,510,700 • FY 17 Mid-Term • Total Funding: $ 67,853,355 • FY 18 Initial • Total Funding:$ 70,499,970

  9. State Revenue FY 17 Midterm to FY 18 Official $ 3,936,841

  10. Austerity Changes

  11. Expenditures

  12. Expenditures

  13. Cost Increase Considerations • State Health Benefit Changes • Classified: Certified: • FY 15 - $596.20 FY 15 - $945.00 • FY 16 - $746.20 FY 16 - $945.00 • FY 17 - $846.20(1/1) FY 17 - $945.00 • FY 18 - $945.00(1/1) FY 18 - $945.00 • TRS • 14.27% to 16.81% • Increase in Insurance Package • FY 18 – Anticipate increase of $15,000 (3%)

  14. FY 18 Projected Increases

  15. Fund Balance Changes

  16. Changes in Fund Balance • FY 13 : Includes $4,493 in Jobs funds

  17. Importance of Operating Reserves 1 Month Salary

  18. FY 18 Budget

  19. Revenues

  20. Expenditures

  21. Expenditures

  22. FY 18 Budget * Does not include mid-term adjustment ** Based on conservative estimates of revenue and expense

  23. FY 18 Tentative Budget

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