a 2019-2020 final budget presentation · 5/20/2019 · final budget (fb) may 20, 2019 strategic...

Special Meeting of the Board of School TrusteesMay 20, 2019Jason Goudie

Chief Financial Officer

2019-2020FINALBUDGET

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2019-2020 FINAL BUDGET

of 16Jason Goudie May 20, 2019

Reference 3.02 (A)

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OVERVIEW

2019-2020 Timeline

State Funding

Total Per Pupil Revenues

Student Enrollment and DSA

Where the Money Comes From

Where the Money is Spent

General Operating Revenues

Revenue: State Projections and Assumptions

Final Budget Comparison

Fund Balance Comparison

Unassigned Ending Fund Balance

Employee Contracts Status


of 16Reference 3.02 (A)

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2019-2020 TIMELINE

April May June July

Tentative Budget Submission required by April 15 to Nevada Department of Taxation (NDOT)

Fiscal Year 2020BeginsJuly 1, 2019

Final Budget Submission required by June 8 to NDOT

January

Departments directed to provide flat budgets

Adoption Tentative Budget (TB)Board Work SessionApril 3, 2019

December

Adoption Amended Final Budget (AFB)December 12, 2019

Adoption Final Budget (FB)May 20, 2019

Strategic Budget WorkbooksProvided to schools on January 15 based on projected enrollment

September

Strategic Budget WorkbooksUpdated with actual enrollment figures

Amended FinalBudget Submission required by January 1, 2020, to NDOT

2019 Legislative

Session ends June 3



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STATE FUNDINGBasic Guaranteed Support - Distributive School Account (DSA)

$4,489

$4,891$4,958 $4,962

$5,035$5,136

$5,257

$5,457$5,527 $5,512

$5,574

$5,700$5,781

$5,863

$4,000

$4,500

$5,000

$5,500

$6,000+$82

+$204

+$402+$67 +$4

+$73+$101

+$121

+$200+$70 -$15

(General Operating Fund)

+$62

+$81+$126

*Projected



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$4,489 $4,891 $4,958 $4,962 $5,035 $5,136 $5,257 $5,457 $5,527 $5,512 $5,574 $5,700 $5,781 $5,863

$204

$214 $234 $234 $231 $235 $229 $239 $243 $256 $348 $384 $405 $435

$1,347

$1,330 $1,375 $1,346 $938 $917 $817 $877 $886 $943 $907

$1,163 $1,134$1,217

Total$6,039

Total$6,435

Total$6,567

Total$6,541 Total

$6,205

Total$6,288

Total$6,303

Total$6,574

Total$6,655

Total$6,710

Total$6,830

Total$7,247

Total$7,320

Total$7,515

$‐

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019Amended

FinalBudget

2020FinalBudgetGeneral Fund ‐ DSA Special Education Fund ‐ DSA Local/Federal Funding Outside of DSA

Local Funding Outside of DSA are primarily revenues from local school support tax, property taxes, governmental services tax, donations, and other.

TOTAL PER PUPIL REVENUES(General Operating Fund)

Does not include “Other Financing Sources,” which are primarily proceeds from bond issuances and transfers-in.



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STUDENT ENROLLMENT AND DSA

300,000

305,000

310,000

315,000

320,000

325,000

330,000

318,796

321,902 321,991 322,076

FY17Q1

FY17Q2

FY17Q3

FY17Q4

ADE = Average Daily Enrollment

*Projected$5,574

Average ADE = 321,187

319,311

321,805 321,695 321,586

FY18Q1

FY18Q2

FY18Q3

FY18Q4

Average ADE = 321,099

$5,700

317,862

319,984 319,264 319,155

FY19Q1

FY19Q2

FY19Q3

FY19Q4*

Average ADE = 319,066*

$5,781

317,722

318,976 319,088 319,014

FY20Q1*

FY20Q2*

FY20Q3*

FY20Q4*

Average ADE = 318,700*

$5,863



Basic Support Guarantee:Support per Student $1,858.4 ($5,863x316,963)Est. Special Education 138.8Support Guarantee $1,997.2Less LSST 1,100.5Less 1/3 Property Tax 173.7Less Charter Adjustments 52.0Distributive School Account $ 671.0



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WHERE THE MONEY IS SPENT

Other 13%*

Salaries and Benefits87%*

*General Operating Fund

FTEs ($ IN MILLIONS)

School Based - Strategic 16,811 64.3% 1,380.7 63.8%School Based 5,515 20.9% 438.1 20.3%Transportation 1,650 6.2% 113.5 5.2%Central Office 2,273 8.6% 230.3 10.7%Total 26,249 100% 2,162.6 100%

($ IN MILLIONS)

Textbooks/Supplies $ 107.4Electricity/Gas/Water/Utility 86.9Fuel/Vehicle/Buses 46.5Professional Services 20.2Technology 19.3Property/Liability Insurance 18.0Repairs/Maintenance 11.0Printing 2.4Postage 1.5

FTEs = Full-Time Equivalents



Description TB FY 2020 FB FY 2020 Change CommentsLocal School Support Tax $1,059,100,000 $ 1,100,530,000 $ 41,430,000 See slide "Revenue: State Projections and Assumption"Ad Valorem (Property) Tax 521,313,000 521,243,000 (70,000) See slide "Revenue: State Projections and Assumption"Governmental Services Tax 76,390,000 76,390,000 0 See slide "Revenue: State Projections and Assumption"Two Percent Franchise Tax 2,948,000 2,948,000 0 3-year average of $3.6 millionE-Rate Reimbursements 2,400,000 2,400,000 0 3-year average of $2.4 millionLocal Government Taxes 1,292,000 1,292,000 0 3-year average of $1.2 millionTuition And Summer School 3,100,000 3,100,000 0 3-year average of $3.1 millionAdult Education 125,000 125,000 0 3-year average of $0.1 millionAthletic Proceeds 1,187,000 1,187,000 0 3-year average of $1.2 millionServices Provided 1,617,000 1,617,000 0 3-year average of $1.6 millionDonations And Grants

933,000 933,000 03-year average of $5.4 million (school generatedfunding moved to new Student Activities Fund)

Other Local Sources 8,898,000 8,898,000 0 3-year average of $8.9 million

Interest Income 1,762,000 1,762,000 0 3-year average of $1.8 millionTotal Local Sources 1,681,065,000 1,722,425,000 41,360,000

0

State Distributive Fund 717,112,000 671,033,000 (46,079,000) See slide "Revenue: State Projections and Assumption"Total State Sources 717,112,000 671,033,000 (46,079,000)

0 Federal Impact Aid 81,000 81,000 0 3-year average of $0.1 millionForest Reserve 60,000 60,000 0 3-year average of $0.1 millionAdministrative Claiming 1,050,000 1,050,000 0 3-year average of $2.1 million

Total Federal Sources 1,191,000 1,191,000 0

Sales Of District Property 414,000 414,000 0 3-year average of $0.6 millionTotal Other Sources 414,000 414,000 0

Total Operating Revenues $2,399,782,000 $2,395,063,000 ($4,719,000) Result of decreasing enrollment by 796 ($5,863x796) 9

GENERAL OPERATING REVENUES2019-2020 FINAL BUDGET


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REVENUE: STATE PROJECTIONS AND ASSUMPTIONS

Property TaxFinal Budgeted FY 2020 = $521,243,000Tentative Budgeted FY 2020 = $521,313,000

Less Revenue = ($ 70,000) *Based on a 6% increase from FY 2019 per Nevada Department of Taxation’s FY 2020 Proforma Ad Valorem Revenue Projection

Local School Support Tax (LSST)Final Budgeted FY 2020 = $1,100,530,000Tentative Budgeted FY 2020 = $1,059,100,000

Additional Revenue = $ 41,430,000*Based on a 4% increase from FY 2019 per Nevada Department of Taxation’s FY 2020 Final Local Government Revenue Projection

Distributive School Account (DSA)Final Budgeted FY 2020 = $671,033,000Tentative Budgeted FY 2020 = $717,112,000

Less Revenue = ($46,079,000)*General Fund based on $82 DSA increase (or 96.88% of State’s DSA $6,052) and Special Education Fund on $9.1 million increase. FY 2020 and 2021 funding bill is scheduled for June 2019, CCSD will adjust to the FY 2020 funding amounts during FY 2020 Amended Final Budget.

Governmental Services Tax (GST)Final Budgeted FY 2020 = $ 76,390,000Tentative Budgeted FY 2020 = $ 76,390,000

Additional Revenue = $ 0*Based on a 11% increase from FY 2019 per Nevada Department of Taxation’s FY 2020 Final Local Government Revenue Projection



FINAL BUDGET COMPARISON(IN MILLIONS)

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2019 Amended Final Budget

2020 Final Budget Change

Beginning Fund Balance $ 66.8 $ 103.5 36.7$

Total Revenue 2,344.4 2,395.0 50.6Total Resources 2,411.2 2,498.5 87.3

Total Salaries and Benefits 2,098.4 2,162.6 64.2Total Services 98.8 105.0 6.2Total Supplies 158.2 172.6 14.4Total Property 42.8 31.4 (11.4)Total Other 4.5 4.2 (0.3)Total Expenditures 2,402.7 2,475.8 73.1

Other Financing Sources 37.3 30.0 (7.3)

Ending Fund Balance $ 45.8 $ 52.7 6.9$



FUND BALANCE COMPARISON(IN MILLIONS)

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Beginning Bal. Ending Bal. Beginning Bal. Ending Bal. Beginning Bal. Ending Bal.

Restricted:Nonspendable ‐ inventory $ 3.6 $ 4.0 $ 4.0 $ 4.0 $ 0.4 $ ‐ Donations 0.5 0.2 0.2 (0.3)RDA Funds 0.3 0.0 (0.3)School Technology 0.8 0.0 (0.8)Buses 5.8 0.0 (5.8)School Carryover 30.5 56.5 56.5 26.0

Unrestricted:Assigned Indirect Costs 6.4 1.8 1.8 0.8 (4.6) (1.0)Unassigned Fund Balance 18.9 41.0 41.0 47.9 22.1 6.9

Total $ 66.8 $ 103.5 $ 103.5 $ 52.7 36.7$ (50.8)$

2020 Final Budget

2019 Projected Change

Bal. = Balance



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UNASSIGNED ENDING FUND BALANCE

$0

$10

$20

$30

$40

$50

$60

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Unassigned Fund Balance

1% 1% 1% 1% 1.25% 1.5% 1.75% 0.30% 0.81% 2%

($ IN MILLIONS)

Budgeted

• Regulation 3110, requires the District to have a 2 percent unassigned ending fund balance.

1.75%

Estimated



Bargaining Group Represents Status Note

Clark County Education AssociationCCEA

Teachers Financial agreement reached through FY 2019 and currently negotiating non-financial collective bargaining agreement (CBA) components. Negotiating CBA for FY 2020.

FY 2020, pending result of the 80th (2019) Session of the Nevada Legislature.

Education Support Employees AssociationESEA

Support Professionals

Financial agreement reached through FY 2019 and currently negotiating non-financial CBA components. Negotiating CBA for FY 2020.


Clark County Association of SchoolAdministrators and Professional-technical EmployeesCCASAPE

Administrators Financial agreement reached through FY 2019 and currently negotiating non-financial CBA components. Negotiating CBA for FY 2020.


Police Officers Association of theClark County School DistrictPOA

Police Officers Current, covered by a CBA through FY 2019. Negotiating CBA for FY 2020.


Police Administrators AssociationPAA

Police Administrators

Current, covered by a CBA through FY 2019. Negotiating CBA for FY 2020.


EMPLOYEE CONTRACTS STATUS

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CLOSING COMMENTS andQUESTIONS

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a 2019-2020 final budget presentation · 5/20/2019 · final budget (fb) may 20, 2019 strategic...

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