madison city schools 2015 budget fy 2015 proposed budget 2nd public hearing september 9, 2014
TRANSCRIPT
Madison City Schools
2015 Budget
FY 2015 Proposed Budget2nd Public HearingSeptember 9, 2014
Madison City 2015 Madison City 2015 Budget ObjectiveBudget Objective
Maintain pupil/teacher ratiosControl expenses
◦Justify requestMaintain adequate fund reserves
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Highlights FY 2015 BudgetHighlights FY 2015 Budget
System ADM – Arrears by 178.37 (funding purposes). System ADM - Current Year Increased by 150.00. Funded Teacher Units – Increased by 10.32. PEEHIP – Increased by $792.00 per employee/annually. 74.16 Operating Days of Fund Balance. Salaries and Benefits – General Fund – 78.86% of Budget A 2% growth of Local General Fund Revenues covers a
150.00 System ADM increase (unfunded). At this point the budgeted Expenditure are just slightly greater than Revenues - $35,127.42.
Debt Service Fund – No relief from Debt Payments until 2028. No new revenue source to allow for additional Capital Projects. Restructuring of current debt a possibility.
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Per Pupil Expenditure - 2013Per Pupil Expenditure - 2013School System ADM
Total Expenditures PPE Rank
Pickens County 2,733.60 24,698,464 9,035 40
Trussville City 4,232.60 38,181,515 9,021 41
Ozark City 2,281.90 20,579,605 9,019 42
Choctaw County 1,702.70 15,269,735 8,968 43
Marshall County 5,616.45 50,342,731 8,963 44
Scottsboro City 2,626.15 23,439,377 8,925 45
Boaz City 2,135.85 19,002,793 8,897 46
Franklin County 3,148.85 28,008,731 8,895 47
Randolph County 2,248.80 19,954,500 8,873 48
Fayette County 2,379.20 21,107,136 8,872 49
Muscle Shoals City 2,827.05 25,061,128 8,865 50
Talladega City 2,350.30 20,819,181 8,858 51
Oxford City 4,105.55 36,323,152 8,847 52
Tuscumbia City 1,481.95 13,110,552 8,847 53
Troy City 2,099.65 18,565,470 8,842 54
Madison City 9,334.35 82,436,752 8,832 55MCS 8,832.00
Average 8,871.00
Min 7,238.00
Max 13,084.00
School System ADMTotal
Expenditures PPE Rank
Lowndes County 1,754.45 22,956,017 13,084 1
Homewood City 3,661.15 46,567,396 12,719 2
Anniston City 2,026.90 23,697,213 11,691 3
Mountain Brook City 4,467.15 52,107,329 11,665 4
Marengo County 1,263.40 14,160,175 11,208 5
Bullock County 1,492.70 16,550,903 11,088 6
Greene County 1,224.50 13,104,990 10,702 7
Hoover City 13,688.75 144,564,183 10,561 8
Conecuh County 1,590.95 16,744,222 10,525 9
Sheffield City 1,077.85 11,326,456 10,508 10
Coosa County 1,147.45 11,988,960 10,448 11
Florence City 4,330.60 44,993,598 10,390 12
Tuscaloosa City 9,869.00 102,300,375 10,366 13
Athens City 3,179.75 32,678,473 10,277 14
Colbert County 2,695.50 27,601,379 10,240 15
BJHS
Student Population 1992-2015Student Population 1992-2015
BJHS Renovation
Discovery Renovation
Heritage Addition
BJHS Addition Stadium
Madison City Schools2014-2015 Budget
EXHIBIT B-I-A
GOVERNMENTAL FIDUCIARY
FUND TYPES SPECIAL DEBT CAPITAL EXPENDABLE TOTAL
DESCRIPTION GENERAL REVENUE SERVICE PROJECTS TRUST (Memo Only)
---------------------------------------- -------------- -------------- -------------- -------------- -------------- --------------
REVENUES STATE REVENUES 47,796,865.00 4,130,498.00 2,505,284.89 90,449.60 0.00 54,523,097.49 FEDERAL REVENUES 327,000.00 4,556,767.00 0.00 0.00 0.00 4,883,767.00 LOCAL REVENUES 29,404,582.00 7,173,620.00 2,675,915.00 8,500.00 1,603,940.00 40,866,557.00 OTHER REVENUES 374,112.20 150,000.00 0.00 0.00 0.00 524,112.20 TOTAL REVENUES 77,902,559.20 16,010,885.00 5,181,199.89 98,949.60 1,603,940.00 100,797,533.69
EXPENDITURES: INSTRUCTIONAL SERVICES 44,079,227.97 6,869,553.20 0.00 0.00 348,555.00 51,297,336.17 INSTRUCTIONAL SUPPORT SERVICES 13,160,385.98 2,762,712.79 0.00 0.00 640,587.00 16,563,685.77 OPERATIONS & MAINTENANCE 8,767,557.00 583,185.00 0.00 0.00 8,850.00 9,359,592.00 AUXILIARY SERVICES 3,596,993.10 5,423,764.47 0.00 1,000,000.00 118,115.00 10,138,872.57 GENERAL ADMINISTRATIVE SERVICES 2,741,001.00 45,883.00 0.00 300.00 0.00 2,787,184.00 CAPITAL OUTLAY 0.00 0.00 0.00 22,299,967.26 0.00 22,299,967.26 DEBT SERVICES 0.00 0.00 9,270,530.33 0.00 0.00 9,270,530.33 OTHER EXPENDITURES 707,742.00 937,064.01 0.00 0.00 144,350.00 1,789,156.01 TOTAL EXPENDITURES 73,052,907.05 16,622,162.47 9,270,530.33 23,300,267.26 1,260,457.00 123,506,324.11
OTHER FUND SOURCES (USES): OTHER FUND SOURCES 458,416.99 2,428,520.77 6,765,245.44 1,000,000.00 46,200.00 10,698,383.20 OTHER FUND USES 5,388,758.56 1,092,638.08 2,610,387.16 0.00 150,039.60 9,241,823.40 TOTAL OTHER FUND SOURCES (USES) (4,930,341.57) 1,335,882.69 4,154,858.28 1,000,000.00 (103,839.60) 1,456,559.80
EXCESS REVENUES & OTHER SOURCESOVER (UNDER) EXPENDITURES & OTHER FUND USES
(80,689.42) 724,605.22 65,527.84 (22,201,317.66) 239,643.40 (21,252,230.62)
BEGINNING FUND BALANCE - OCT 1 16,194,763.57 5,154,152.56 10,324,826.91 25,096,569.67 516,816.84 57,287,129.55
ENDING FUND BALANCE - SEP 30 16,114,074.15 5,878,757.78 10,390,354.75 2,895,252.01 756,460.24 36,034,898.93
Changes to Budget Since 1Changes to Budget Since 1stst Public Hearing Public Hearing
General Fund
Gifted Testing $ 10,000.00
Safety Training $ 2,500.00
Sp. Ed Summer School Transportation $ (16,721.00)
Updated Coordinator Salary – Admin. $ 0.00
Hippy Grant – Increased by $600 $ 0.00
ARI Allocation $ 49,783.00
Net Effect GF – Addition to Expenditures $ 45,562.00
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Changes to Budget Since 1Changes to Budget Since 1stst Public Hearing Public Hearing
Special Revenue Fund
Title I – N & D – Increased by $4,575 $ 0.00
ELL – Decreased by $315 $ 0.00
Title I – Updated Exp. $ 0.00
Net Effect – Special Revenue Fund $ 0.00
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Changes to Budget Since 1Changes to Budget Since 1stst Public Hearing Public Hearing
Capital Projects Fund
BRAC Fund Balance - Revenue $1,500,000.00
BRAC – BJHS Renovation - Expenditure $1,500,000.00
Net Effect – Capital Projects Fund $ 0.00
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Total Proposed Budget Total Proposed Budget FY 15 FY 15
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Proposed General Fund BudgetProposed General Fund BudgetFY 2015FY 2015
Revenue
State $ 47,796,865 Federal $ 327,000 Local $ 29,404,582 Other Uses $ 374,112
TOTAL $77,902,559
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General Fund Salary & Benefits General Fund Salary & Benefits ExpendituresExpenditures
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Salary and Benefit Expenditures $ 61,842,940
Other General Fund Expenditures $ 16,598,726
Total General Fund Expenditures
$78,441,666
Madison City School's Outstanding Debt
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Fiscal Year Total 2014-2015 $ 9,143,755.13 2015-2016 $ 9,131,077.86 2016-2017 $ 9,126,889.81 2017-2018 $ 9,127,050.57 2018-2019 $ 9,121,826.75 2019-2020 $ 9,158,688.11 2020-2021 $ 9,349,330.63 2021-2022 $ 9,333,397.26 2022-2023 $ 9,336,563.20 2023-2024 $ 10,104,683.33 2024-2025 $ 11,047,875.18 2025-2026 $ 9,160,314.88 2026-2027 $ 9,580,987.56 2027-2028 $ 7,130,124.08 2028-2029 $ 6,658,243.23 2029-2030 $ 6,641,193.42 2030-2031 $ 6,650,302.64 2031-2032 $ 6,649,770.50 2032-2033 $ 6,639,983.26 2033-2034 $ 5,687,298.75 2034-2035 $ 5,689,120.63 2035-2036 $ 5,691,576.88 2036-2037 $ 5,690,851.25 2037-2038 $ 5,691,270.00 2038-2039 $ 5,687,783.75
TOTAL $ 197,229,958.66
Capital Projects FundCapital Projects Fund $23,300,267 $23,300,267
Bob Jones RenovationSwimming FacilityMES and LMS Parking Lot ResurfacingHVAC at Madison ElementaryCity Stadium BleachersPurchase School Buses
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FY 2015 Proposed Budget 2nd Public HearingSeptember 9, 2014