Community Budget Committee

1. Community Budget Committee Budgeting Overview Presentation

2. Agenda 6:30pm 6:50pm 6:55pm Break 7:00pm RevenueTeddy Dumlao Introduction / GoalsDave Allison Budget ConceptsTeddy Dumlao Expenditures Teddy Dumlao Operating BudgetDave Allison TimelinesClyde Dangerfield 7:30pm 7:45pm Taxes Clyde Dangerfield 8:00pm Questions Clyde Dangerfield 8:15pm 8:30pm Finish

3. Introduction / Goals • Introduction • History / Purpose • Purpose of this meeting • Understand sources of revenue • Familiarity with budget process and reports • Prepare committee to make budget recommendations

4. Budget Concepts • School Finance Summary • Equalization Formula • Equal dollars per weighted student by considering • Local prop taxes • State and County equalization assistance • Student Enrollment

5. Timelines State Budget Adjustments

6. RevenueSources • Equalization • Local property tax levy • State Aid Equalization Assistance • Local Effort (Overrides) • Local –Tuition, Fees, Enterprise Ops, EVIT • State programs and grants • Federal programs and grants

7. RevenueEnrollment Driven Formulas • Equalization • Maintenance and Operation (M&O) • Unrestricted Capital Outlay (CORL) – Gen. • Soft Capital Allocation (SCA) - Student • Other • Classroom Site Fund (CSF) - Performance • Instructional Improvement Fund (IIF) • Local Effort, Voter Approved Initiatives (Overrides)

8. RevenueEnrollment • Enrollment vs. ADM • PSD, KG • Average Daily Membership (ADM) • Enrollment through 1st 100 days of school • Student Count = Prior Year ADM • Weighted vs Unweighted

9. RevenueEqualization – ADM / Student Count • Prior year ADM • PSD • K-8 • 9-12 • Unweighted Student Count Total Student Count 36,485.053

10. RevenueEqualization – Weighted Student Count • Regular Wgt Count • PSD • K-8 • 9-12 • Add On Wgt Count • K-3 • ELL • Disabilities • Weighted Student Count Total Weighted Student Count 48,460.812

11. RevenueEqualization – Base Support Level • Base Level Amt • $3,308.57 • TEI • Average years of experience of certified teachers compared to the rest of the state • Arizona – 9.13 yrs • GPS – 9.74 yrs

12. RevenueEqualization – Transportation Support Level • Daily miles per student • Handicap mileage

13. RevenueEqualization – District Support Level • Base Support Level • Transportation Support Level • Maintenance & Operations

14. RevenueEqualization – Capital Outlay Revenue Limit (CORL) • Unweighted Count • Grade Range • Textbook factor • School Facilities Bond $9.5 M $5.4 M

15. RevenueEqualization – Soft Capital Allocation Limit • Unweighted Count • $225 per student $8.2 M $170K

16. RevenueEqualization Base $188.3 M $175.8 M $12.5 M • District Support Level • Base Support Level • Weighted Student Count • Teacher Experience Index • Base Level Amount • Transportation Support Level • Daily miles per student • Handicap miles • Capital Outlay Revenue Limit • Unweighted Student Count • Grade Range factor • Soft Capital Allocation Limit • Unweighted Student Count $162.6 M $170.6 M $8.0 M $9.5 M $8.2 M

17. Operating BudgetExpenditures from Levy Funds

18. Operating Budget • Position Control • Class Size • Attrition • Staffing Patterns • Programs / Services • Classroom Instruction • Schools / Departments • Benefits • All Day KG • Utilities

19. ExpendituresAnnual Financial Report Adopted Budget Limits Operational Budget Targets • Compares budget limits to operation budget results. Actual Expenditures

20. Expenditures M&O

21. Taxes • Cash Balances • Qualifying Tax Rate • Equalization • Voter Approved Initiatives • Classroom Site Fund (Prop 301) • Prop 100

22. Property Tax Bill

23. Tax Calculation

24. ? Questions ?