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CTMS School finance discussions April 25, 2014

CTMS School finance discussions April 25, 2014. Budget. GCISD Budget General Operating-$140 Million Child Nutrition-$6.2 Million Debt Service-$31 Million Building a Campus Budget Campus Allocations-Per Pupil- CTMS $123,220 (2014-15) Per Student ($92)-$73,968 Athletics ($13)-$10,452

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CTMS School finance discussions April 25, 2014

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  1. CTMS School finance discussions April 25, 2014

  2. Budget • GCISD Budget • General Operating-$140 Million • Child Nutrition-$6.2 Million • Debt Service-$31 Million • Building a Campus Budget • Campus Allocations-Per Pupil- CTMS $123,220 (2014-15) • Per Student ($92)-$73,968 • Athletics ($13)-$10,452 • Staff Development ($60)-$2,400 • Special Programs-$36,400

  3. Budget • Building a Campus Budget • Principal works with teachers • Principal works with Campus Excellence Committee (CEC) • Distributes the budget based on needs • Building a District Budget • Estimate Revenues (Money in the bank) • Estimate Payroll Costs-86% of budget-$93 Million • Estimate Fixed Costs (We must pay!) • Estimate Recapture Payment (Robin Hood)-$24 Million

  4. Budget • Revenue Estimates (Money in the Bank) • Tax Revenues • Estimated based on tax properties • Estimated based on current tax rate • State Revenues • Calculate based on current formulas approved by the Legislators and projected student enrollment • Federal Revenues • Flood Control Payment

  5. Budget • Revenue Estimates (Money in the Bank) • Other Local Revenues • Athletic receipts • Tuition • Rentals • ECDC/KidzU • Phone Tower Rentals • Participation Fees • Interest • Parking Fees

  6. Budget * Excludes TIF ($8,000,000) and Recapture ($23,949,387)

  7. Budget • Expenditure Estimates (Money out of the Bank) • Payroll • Supplies & Materials • Utilities • Insurance • Other • Recapture (Robin Hood)

  8. Budget • Recapture-Robin Hood Payment • Wealthy property district • Wealth per Student-$661,014 • Maximum wealth per student allowed-$495,000 • Golden Pennies-6 cents of tax rate not sent to State

  9. Budget * Excludes TIF ($8,000,000) and Recapture ($23,949,387)

  10. Budget Budgets before any cost of living adjustments for employees.

  11. What to Do?? • Increase students • Changed transfer policy to allow students from outside the district if they live in Grapevine or Colleyville • Started iUniversity Prep (a virtual school) • Come to school • 2013-2014 1st Semester attendance rate 97.9% • Increase attendance rate by .5% to 98.4% • Increase funding for year--$231,933 • Increase revenues • Have to ask citizens to increase tax rate • Lawsuit against the State

  12. What to Do?? Ruling: “Eight years ago, at the conclusion of a previous school finance case, I said that education costs money but that ignorance costs more money….it is the people of Texas who must set the standards, make the sacrifice, and give direction to their leaders as to what kind of education system they want….the problems only get worse the longer we wait.”----Judge John Dietz IDEAS???

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