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Douglas County School District Re.1

Douglas County School District Re.1. Proposed Budget Fiscal Year 2010 – 2011 Presented to the Board of Education Tuesday May 18, 2010. BOE Presentations. May 18, 2010 ~ Tonight ~ Information Only Proposed General Fund Budget Proposed Non-General Fund (“Other”) Budgets June 15, 2010

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Douglas County School District Re.1

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  1. Douglas CountySchool District Re.1 Proposed Budget Fiscal Year 2010 – 2011 Presented to the Board of Education Tuesday May 18, 2010

  2. BOE Presentations • May 18, 2010 ~ Tonight ~ Information Only • Proposed General Fund Budget • Proposed Non-General Fund (“Other”) Budgets • June 15, 2010 • Approve and Adopt All Funds: FY 2010–2011 Budgets • Budget Resolution for FY 2010-2011 • Appropriation Resolution for FY 2010-2011 • Resolution Authorizing Use of Beginning Fund Balance • Resolution Authorizing Inter-Fund Borrowing

  3. Tonight’s Agenda • Compliance • Colorado and Federal Law • Board Goals and Executive Limitations • Proposed FY 2010-2011 General Fund Budget

  4. Tonight’s Agenda (cont.) • Proposed FY 2010-2011 Other Funds’ Budgets • Overview: Fund Function and District Operations • Fund Detail • Capital Reserve Fund • Governmental Designated-Purpose Grants Fund • Athletics and Activities Fund • Debt Service/Bond Redemption Fund • Building Fund • Nutrition Services Fund

  5. Tonight’s Agenda (cont.) • Proposed FY 2010-2011 Other Funds’ Budgets • Overview: Fund Function and District Operations • Fund Detail • Childcare Fund (BASE) • eDCSD Fund • Full Day Kindergarten Fund • Risk Related Insurance Fund • Insurance Reserve Fund • Pupil Activity Fund • Trust and Agency Fund

  6. Compliance withExecutive Limitations • EL 1.5 Financial Planning and Budgeting: • Financial planning may not deviate materially from the Board’s Ends priorities, risk financial jeopardy, or fail to be derived from a plan projecting at least five years.

  7. General Fund AssumptionsFiscal Year 2010-2011 • School Finance Act update • Inflation Rate = (.60)% • Amendment 23’s 1% Base PPR = (.60)% + 1% = .40% • Increased Funded Pupil Count District wide from 56,555 to 57,213 • Per-Pupil Revenue = $6,545 * * Dependent on FTE and At-Risk Pupils

  8. Proposed FY 2010-2011General Fund Revenues Total Revenues $443,725,030

  9. Proposed FY 2010-2011General Fund Expenditures Total Expenditures $440,874,604

  10. Assumptions Underlying Projected FY 2010–2011 Budget and Five-Year Plan • Inflation * Projections provided by Legislative Council

  11. Proposed General Fund Budget FY 2010-2011 FY 2010-11 Ending Fund Balance based on FY 2009-10 June Adopted Budget

  12. General Fund Five Year Financial Projection FY 2010-11 Ending Fund Balance based on forecast of FY 2009-10 Fund Balance

  13. General Fund Projection Assumptions

  14. Capital Reserve FundProposed FY 2010-2011 Budget Capital Reserve Fund will include the following: • District wide relocation of mobiles • Wide Area Network (WAN) • Annual ITS licenses and maintenance agreements

  15. Capital Reserve FundProposed FY 2009-2010 Budget

  16. Governmental Designated Purpose Grants Fund Proposed FY 2010-2011 Budget • Accounts for most federal, state and local grant funds received by the District • No Child Left Behind • Title I, Part A: Basic • Title II, Part A: Teacher Quality • Title III, Part A: English Language Learner • IDEA: Part B (Handicapped) • FY 10-11 will see Federal Stimulus Dollars – American Recovery and Reinvestment Act (ARRA) spending completed

  17. Governmental Designated Purpose Grants Fund Proposed FY 2009-2010 Budget

  18. Athletic and Activities FundProposed FY 2010-2011 Budget • This fund is used to capture all revenues and expenses directly related to CHSAA sponsored athletics and activities • Major revenues include transfer from the General Fund, participation fees, gate and door admissions, and fund raising efforts

  19. Athletic and Activities FundProposed FY 2010-2011 Budget

  20. Debt Service/Bond Redemption Fund Proposed FY 2010-2011 Budget • This fund is for recording dedicated property taxes and payment of outstanding principal and interest on the District’s general obligation bonds • In respect of the District’s fiscal year, principal payments are made once a year in December and interest is paid twice a year, in December and June

  21. Debt Service/Bond Redemption FundProposed FY 2010-2011 Budget

  22. Building FundProposed FY 2010-2011 Budget • This fund serves to manage the construction of District facilities financed by proceeds arising from the sale of general obligation bonds • Projects slated for FY 10-11 include: • Sage Canyon Elem Completion • Fox Creek Elem Remodel & Additions • Roxborough Primary Remodel • Coyote Creek Remodel & Additions • Pine Grove Remodel & Additions

  23. Building FundProposed FY 2010-2011 Budget

  24. Nutrition Services FundProposed FY 2010-2011 Budget • Nutrition Services is a District enterprise fund • Approximately 80% of this fund’s revenue is derived from the sale of school breakfasts and lunches • The majority of the remainder is federal reimbursement & commodities

  25. Nutrition Services FundProposed FY 2010-2011 Budget

  26. Childcare Fund (B.A.S.E.)Proposed FY 2010-2011 Budget • Operates as an enterprise operation, with approximately 5,000 children currently enrolled • 39 programs in operation providing Before and After School, Kindergarten Enrichment, Intercession and School Break • Self supporting programs with revenues derived from tuition

  27. Childcare Fund (B.A.S.E.)Proposed FY 2010-2011 Budget

  28. eDCSD FundProposed FY 2010-2011 Budget • eDCSD, the online K-12 education option introduced by DCSD in 2008, is now “The Colorado Cyber School” • It is open to any student who resides in Colorado at no cost to them • Classes are offered in three learning environments: • Mentored • Independent • Self-Paced

  29. eDCSD FundProposed FY 2010-2011 Budget

  30. Full Day KindergartenProposed FY 2010-2011 Budget • Tuition and scholarship paid program • Expanded development of Literacy and Math skills • Enhanced social and learning skills aiding transition to First Grade

  31. Full Day KindergartenProposed FY 2010-2011 Budget

  32. Insurance Reserve FundProposed FY 2010-2011 Budget • This fund provides resources for the District’s: • property/casualty premiums and property/casualty claims • related loss prevention services including safety • vehicle insurance • workers’ compensation • environmental compliance expenses • litigation management expenses • Participating with Douglas County Safe Routes to School Program along with other District departments

  33. Insurance Reserve FundProposed FY 2010-2011 Budget

  34. Medical Self-Insurance FundProposed FY 2010-2011 Budget • District and employee medical and dental premium payments to self-fund the health insurance benefit program • In FY 2009-2010, the Medical Plan became a high deductable plan with a Health Savings Account (HAS) • The fund has provided for the following increases: • 15.0% increase in medical insurance premiums • Decrease in dental insurance premiums • Elimination of the vision insurance premiums

  35. Medical Self-Insurance FundProposed FY 2010-2011 Budget FY 2010-11 Proposed figures contingent upon final open enrollment numbers

  36. Pupil Activity FundProposed FY 2010-2011 Budget • This fund is a combination of individual school’s funds for extra-curricular student activities and discretionary activities such as magazine sales and 5K runs • Revenues are primarily generated by fund raising efforts and participation fees • These monies are spent at the individual school’s discretion

  37. Pupil Activity FundProposed FY 2010-2011 Budget

  38. Private Purpose Trusts FundProposed FY 2010-2011 Budget • Monies where the District acts as a fiduciary agent; holding assets for the benefit of parties outside the District • Includes an account funded by a private gift used towards scholarships • Funds cannot be used to support District programs

  39. Private Purpose Trusts FundProposed FY 2010-2011 Budget

  40. Proposed FY 2010-2011 Budgets Next Steps • Changes to FY 2010-11 Proposed Budgets • Transportation Fund • Medical Self-Insurance Fund • Review FY 2009-10 Budgets for Supplementals • Present all FY 2010-11 Budgets for Adoption

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