a 2019-2020 final budget presentation › nv › ccsdlv › board.nsf › files...may 20, 2019 ·...
TRANSCRIPT
Special Meeting of the Board of School TrusteesMay 20, 2019Jason Goudie
Chief Financial Officer
2019-2020FINALBUDGET
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2019-2020 FINAL BUDGET
Page 1 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
2019-2020 FINAL BUDGET
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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
2019-2020 FINAL BUDGET
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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
2019-2020 FINAL BUDGET
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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.
2019-2020 FINAL BUDGET
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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
2019-2020 FINAL BUDGET
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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
2019-2020 FINAL BUDGET
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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
2019-2020 FINAL BUDGET
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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
2019-2020 FINAL BUDGET
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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$
2019-2020 FINAL BUDGET
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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
2019-2020 FINAL BUDGET
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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
2019-2020 FINAL BUDGET
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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.
FY 2020, pending result of the 80th (2019) Session of the Nevada Legislature.
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.
FY 2020, pending result of the 80th (2019) Session of the Nevada Legislature.
Police Officers Association of theClark County School DistrictPOA
Police Officers Current, covered by a CBA through FY 2019. Negotiating CBA for FY 2020.
FY 2020, pending result of the 80th (2019) Session of the Nevada Legislature.
Police Administrators AssociationPAA
Police Administrators
Current, covered by a CBA through FY 2019. Negotiating CBA for FY 2020.
FY 2020, pending result of the 80th (2019) Session of the Nevada Legislature.
EMPLOYEE CONTRACTS STATUS
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2019-2020 FINAL BUDGET
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CLOSING COMMENTS andQUESTIONS
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2019-2020 FINAL BUDGET
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