revised budget fiscal year 2016-2017 january 25, 2017 · fiscal year 2016-2017 january 25, 2017...
TRANSCRIPT
WOODLAND PARK SCHOOL DISTRICT NO. RE-2
155 PANTHER WAY
WOODLAND PARK, COLORADO 80863
Revised Budget
Fiscal Year 2016-2017
January 25, 2017
Prepared by Business Services
TABLE OF CONTENTS
Introduction .......................................................................................................................................................................................... 1
Budget Process & Philosophy ........................................................................................................................................................ 1
Program Funding Update ............................................................................................................................................................... 2
Tax Burden on Citizens..................................................................................................................................................................... 3
Sales Tax Information ....................................................................................................................................................................... 4
Budgets: All Funds .............................................................................................................................................................................. 4
General Fund Revenue Sources Information .......................................................................................................................... 5
General Fund Expenditures Information ................................................................................................................................. 5
General Fund Budget Forecast ..................................................................................................................................................... 5
Summary ................................................................................................................................................................................................. 6
Board of Education ............................................................................................................................................................................ 7
District Administration .................................................................................................................................................................... 7
Mission Statement .............................................................................................................................................................................. 8
Goals and Objectives .......................................................................................................................................................................... 8
Strategies ................................................................................................................................................................................................ 8
Budget Basics ........................................................................................................................................................................................ 9
Budget Calendar ............................................................................................................................................................................... 12
Pertinent Constitutional Provisions ........................................................................................................................................ 12
Assessed Valuation, Pupil Count, Mill Levy .......................................................................................................................... 13
General Fund Revenue ................................................................................................................................................................... 14
General Fund Expenditures ......................................................................................................................................................... 15
Risk Management Fund ................................................................................................................................................................ 18
Food Service Fund............................................................................................................................................................................ 19
Designated Purpose Grants ......................................................................................................................................................... 20
Transportation Fund ...................................................................................................................................................................... 22
Bond Redemption Fund ................................................................................................................................................................. 23
Pupil Activity Agency Fund .......................................................................................................................................................... 24
Specific Budget Resolution #3
Appropriation Resolution
1.
EXECUTIVE SUMMARY
Introduction
The administration of Woodland Park School District Re-2 (WPSD) presents the recommended annual
budget for Fiscal Year 2016-2017 for adoption. This budget was developed around the District’s goals
while ensuring the ongoing WPSD financial health, maintaining quality programs, and its favorable bond
rating. All Colorado school districts are required by law to adopt a budget by June 30th of each year. The
budget serves as an estimate of revenue to be collected and a plan for District expenditures.
Additionally, it is a plan that guides decision-making and involves continuous planning and evaluation.
Budget Process & Philosophy
WPSD administration begins the budget development process by analyzing enrollment trends and
formulating enrollment projections for the next fiscal year. Concurrently, the District utilizes revenue
forecasts from the State of Colorado that are published in November of each year to establish
preliminary expenditure allocations for the next fiscal year. Input from building accountability
committees, the District Accountability Committee and District budget stakeholders is used with final
allocations from the State of Colorado to produce a Proposed Budget in May of each year. The Proposed
Budget is presented at a Public Hearing in June and after adoption, is subject to a mid-year revision
process in January of the fiscal year.
School administration must constantly update budget information in order to accommodate the needs
and priorities of the students, staff, and community. While one budget year is in progress, the next
budget year is carefully planned. Research on future budgets includes active involvement in legislative
trends, compliance with State mandates and standards, constant awareness of community
development, and monitoring of current enrollment trends.
The District budget must be designed with some flexibility. No fund should be without some reserve to
allow for unforeseen contingencies. Additionally, an emergency contingency reserve of three percent
must be budgeted to be in compliance with TABOR requirements. The Board of Education will maintain
a balanced budget while establishing adequate fiscal reserves to meet the operational needs of the
District. The fiscal reserves shall be adequate to fund the cash flow needs during the year in addition to
funding anticipated liabilities at the end of the fiscal year.
The budget must maintain and improve the educational opportunities provided to the students of
Woodland Park School District Re-2. It is a major responsibility of the Board of Education to adopt and
appropriate a budget that meets these standards.
2.
ProgramFundingUpdate
The Fiscal Year 2016‐2017 Revised Budget is based on a funded pupil count of 2,375.3 students
established by the Colorado Public School
Finance Act. Because Woodland Park
School District Re‐2 has experienced a
prolonged period of declining enrollment,
a 5‐year average for funded pupil count is
used for the District’s program funding.
The 2,376.5 pupils represent a 5‐year
average for fiscal years 2012‐2013
through 2016‐2017. Additionally, this
figure reflects a funded pupil decline of
61.2 students from fiscal year 2015‐2016.
The WPSD program funding is made up of many factors but the primary components of the formula are
funded pupils and the per pupil rate.
WPSD endured a sharp decline in the per
pupil rate in fiscal year 2010‐2011. Then
the rate hit a ten year low in fiscal year
2012‐2013. Over the past three fiscal
years the rate has increased by $273.65
per pupil each year. However, the
established rate for 2016‐2017 has
increased by only $113.29 per pupil. The
relatively slight per pupil increase does not
overcome the projected pupil decline in
2016‐2017.
While the number of funded pupils and the established per pupil rate are the foundation of the WPSD
funding formula, the per‐pupil rate is impacted
drastically, and has been since 2011, by the
‘Negative Factor.’ Initiated in FY 2010‐11, this
factor acts as a reduction to other existing factors
and shall not reduce any base per pupil funding
($6,367.90) districts receive through the school
finance formula. In general, this factor is
calculated by first determining the total program
prior to application of the Negative Factor. Then
the Negative Factor reduces this statewide total
program. The difference between the total
program amount prior to application of the
Negative Factor and the established floor amount
3.
is utilized to calculate a percentage reduction, that is then applied to each district’s respective total
program funding amount. In other words, the Negative Factor reduces the funding allocated for each
school district in Colorado. The impact of the Negative Factor on WPSD is illustrated here:
Over seven fiscal years including projections for 2016‐2017, the Negative Factor has reduced funding to
the Woodland Park School District Re‐2 by $17,448,226.
TaxBurdenonCitizens
The District receives the majority of its General Fund revenue from state equalization through the
Colorado Public School Finance Act and from property taxes paid by District residents. Additional local
property taxes of $1,100,000 are collected annually from a mill levy override approved by voters in the
November 2004 election.
On April 5, 2016 residents of the City of Woodland Park approved a 1.09% sales tax increase effective
July 1, 2016 on goods and services purchased in the City to increase local public school funding. The
revenues generated from the 1.09% increase are to be used exclusively by the Woodland Park School
District Re‐2 for educational purposes including, but not limited to:
Staff compensation
Facility maintenance and improvements including the allocation of matching funds to apply for a
Building Excellent Schools Today (BEST) grant for roof replacement
Innovative school programs such as environmental education, blended learning, etc.
Technology replacement and improvements
Post‐secondary preparation courses and materials
Additionally, WPSD successfully issued Certificates of Participation (COP) to eliminate its existing bond
debt service mill levy during FY 2016‐2017. This will result in approximate property tax savings in 2017 of
$161 for a $300,000 residence and $585 for a $300,000 commercial property.
The estimated new property tax impact from WPSD on a $300,000 home is 27.038 mills which equals
$646. The estimated new property tax impact from WPSD on a $300,000 commercial property is 27.038
mills which equals $2,352.
4.
Sales Tax Information
Estimated sales tax revenue for Fiscal Year 2016-2017 is $1,750,000. This is based on a 10 month
collection period in year 1 due to the timing of new sales tax implementation and the WPSD fiscal year.
Expenditures from sales tax revenue included in the Proposed Budget are specified here:
Budgets: All Funds
The revised budgeted revenues and expenditures for all funds of the Woodland Park School District Re-2
are below. The primary factor in the year-over-year increases is the $10,0469,130 certificates of
participation issuance.
5.
General Fund Revenue Sources
The funding for the General Fund is a combination of federal, state, local sources and fund reserves.
State and local sources combine to make up ‘Program Funding’ which accounts for approximately 82%
of all District revenues. These sources fund the general operating costs of the District such as payroll,
supplies, services and equipment. An increase of property values in the District means more local tax
dollars contributing to Program Funding. Conversely, this also results in a reduction in State Equalization.
Local sales tax dollars will bolster the General Fund for the first time in FY 2017 thus the increase in
budgeted revenue compared to FY 2016.
General Fund Expenditures
The Revised Budget includes compensation increases including .5% for PERA costing the District
approximately $94,000 and the District is also contributing an additional $65,000 toward employee
health and dental insurance premiums in FY 2017. Expenditure figures (like the revenue figures) appear
unusually high compared to previous years. This is due to the issuance of certificates of particpation in
the Fall of 2016. Issuance of the C.O.P. allowed the District to eliminate its general obligation bond debt
service. Repayment of the C.O.P. is subject to annual appropriation and is now reflected in the General
Fund.
General Fund Budget Forecast
The District’s long-range forecast indicates that enrollment for WPSD will continue to decline for four more years. A slight leveling of the decline is already being experienced at the elementary and middle school levels. The District will continue to monitor trends in Woodland Park, Teller County and along the Front Range then revise its forecast accordingly. Assumptions and concerns for future budgets include:
Limited annual state increases for K-12 funding
The potential for expansion of the Negative Factor
Increases in health care premiums and utilities outpacing the rate of inflation
Continuous monitoring of how to best use reserves to meet current and future budget shortfalls
6.
Summary
The Woodland Park School District Re-2 uses the modified accrual basis of accounting. The General Fund
reflects fully funded TABOR reserves for all funds. The District anticipates some spending of reserves in
the General Fund for curriculum, deferred maintenance needs and some staffing. Additionally, the
District anticipates spending some of the Food Service Fund reserves as well for capital equipment
replacement. The FY 2016-2017 Proposed Budget was presented to the Board of Education on May 25th,
2016 and was adopted at a public hearing concerning the budget held on June 8th, 2016 at 6:30 p.m. at
the District Administration board room. The FY 2016-2017 Revised Budget is provided to the Board of
Education on January 25, 2017 for approval. The District endeavors to maximize revenue and control
costs to the best of its ability, keeping the best interests of educating the children of this community in
the forefront.
7.
WOODLAND PARK SCHOOL DISTRICT RE-2
BOARD OF EDUCATION
Carol Greenstreet, President District A
Beth Huber, Secretary District B
Gwynne Dawdy, Director District C
Nancy Lecky, Director District D
Corbin Graber, Director District E
WOODLAND PARK SCHOOL DISTRICT RE-2
ADMINISTRATION
Jed Bowman, PhD Superintendent (719) 686-2012
Linda Murray Assistant Superintendent (719) 686-2012
Brian Gustafson Director of Business Services (719) 686-2006
Tina Cassens Director of Secondary Schools (719) 686-2011
Del Garrick High School Principal (719) 686-2063
Michael DeWall Assistant Principal, High School (719) 686-2064
Cindy Gannon Assistant Principal, High School (719) 686-2062
Yvonne Goings Middle School Principal (719) 686-2206
Ryan McCay Assistant Principal Middle School (719) 686-2202
Ashley Lawson Gateway Elementary Principal (719) 686-2051
Veronica Wolken Columbine Elementary Principal (719) 686-2300
Katie Rexford Summit Elementary Principal (719) 686-2402
8.
DISTRICT MISSION STATEMENT (File: AD)
Woodland Park School District provides a safe and orderly environment for every student to develop a
foundation to thrive as a 21st Century citizen.
LEGAL REF.: C.R.S. 22-32-109.1 (requirement that mission statement reflect safety as a priority)
Adopted: 04/10/91
Revised: 09/09/98, 08/01/2000, 09/2009
SCHOOL DISTRICT GOALS AND OBJECTIVES (File: ADA)
We Believe…
the educational process is the responsibility of the entire community.
in providing a caring environment that fosters a desire for life-long learning.
students, staff, and community thrive in an environment of mutual respect.
in high expectations with care and support for each individual.
that education must prepare students with the knowledge and skills for success.
every student is entitled to a safe and disciplined learning environment.
in the worth and dignity of all individuals and their unique heritage.
STRATEGIES
Academic excellence is the guiding principle each action team will use to approach its task. However, all
aspects of the mission statement should be considered.
Establish a comprehensive staff development program
Aggressively pursue technological innovation and integrate it into the curriculum and school
system
Develop a comprehensive communication plan that will involve students, staff, parents, and
community
Develop comprehensive recommendations for a school calendar to effectively meet growth,
student learning needs and staff development
Develop a plan that will actively solicit involvement and support of parents and community in
the educational process
Establish a comprehensive plan that will encourage students to develop personal integrity, self-
discipline, and pride
Develop a comprehensive plan to address issues of growth and changes in student population
Establish a curriculum development process that evaluates curriculum and incorporates state
standards and assessments. Adopted: 04/10/91
Revised: 08/14/91, 09/14/94
9.
BUDGET BASICS 2016-2017
THE FUNDS
General Fund (10)
Risk Management Fund (18)
Food Service Fund (21)
Grants Fund (22)
Transportation Fund (25)
Bond Fund (31)
Pupil Activity Agency Fund (74)
REVENUE
Total Program/Program Funding: describes the total amount of money each school district receives under the School Finance Act of 1994 (as amended).
o Total Program calculation: = Funded Pupil Count (10/1) x Total Per-Pupil Funding + At-Risk Factor + On-Line Factor +ASCENT
funding+ Negative Factor
o Total Per-Pupil Funding calculation: = Base Funding + Cost of Living Factor + Personnel Costs Factor + Size Factor
The Factors: o Base Funding: Base amount established for each pupil statewide = $6,367.90 in FY 17 o Cost of Living: Reflects differences in the costs of housing, goods, and services among
districts in Colorado o Personnel Costs: Based on enrollment and directs funding for employee salaries and
benefits o Size Factor: Enrollment-based calculation intended to recognize purchasing power
differences among districts. Smaller districts receive greater size factors (increased funding).
o At-Risk: Based primarily on the eligibility of the student population for participation in the federal free lunch program
o On-Line: Funded at the District’s current per pupil funding amount o Negative Factor: Added to stabilize the state budget in FY 11. Reduces the other existing
factors other than Base Funding
10.
Funding the Total Program: o Local Share
Property Tax: = Mills x Assessed Value Revenue generated from mill levy certification. The state sets this mill levy for
the General Fund.
Specific Ownership Tax: Vehicle registration taxes collected by the county and shared with the District that is proportionate with the District’s mills certified in Teller County.
o State Share/State Equalization Provided to each district by the
State of Colorado whose Local Share is insufficient to fully fund its Total Program
“What is a mill?” o Unit of currency that is 1/1000th of a
dollar
“What is a mill-levy?” o The assessed property tax rate used by local governments and other jurisdictions to
raise revenue
OTHER REVENUE (revenue sources that do not directly impact Program Funding and State Equalization)
Override Revenues o Additional tax revenues (additional mill-levy) approved by local voters
Sales Tax Revenue o 1.09% sales tax implemented the City of Woodland Park July 1, 2016
Special Education o The District receives funding from state and federal sources based on the December
Special Ed count (prior year). These funds are used for Special Education and are flowed through the Ute Pass BOCES to the District.
Transportation o Reimbursement of a portion of the previous year’s transportation expenditures
Medicaid o Reimbursement of a portion of the previous year’s expenditures that addressed the
unmet health needs of students
Other Local Revenue o Tuition o Interest Income o Participation Fees o Summer School o Building Use Fees o Forest Service Allocation
11.
EXPENDITURES
Categories: (by Program and Object codes in the Chart of Accounts)
Instructional
Special Education
Co-Curricular
Student Support Services
General Administration
Building Administration
Business Services
Operations & Maintenance
Student Transportation
Central Support
Other Support
Facilities & Sites
Definitions:
Instructional: Activities dealing directly with the interactions between staff and students
Special Education: Courses and other provisions which are different from or in addition to those provided in the usual school program and are provided for exceptional pupils by specially qualified personnel
Co-Curricular: School-sponsored activities or experiences offered outside the scope of the traditional classroom
Student Support Services: Activities which facilitate and enhance instruction including counseling services, social work, etc.
General Administration: Activities concerned with establishing and administering policy for operating the school district
Building/School Administration: Activities concerned with overall administrative responsibility for each individual school
Business Services: Activities concerned with the fiscal operations of the school district
Operations & Maintenance: Activities concerned with maintaining the physical plant and keeping District grounds, buildings, and equipment in effective working condition and state of repair
Student Transportation: Activities concerned with the transportation of students to and from their places of residence and the public schools in which enrolled
Central Support: Activities which support each of the other instructional and supporting services programs including wellness, marketing and technology services
Other Support: All other support services including post-employment pay and retirement incentives if offered
Facilities & Sites: Similar to Maintenance & Operations but specifically concerned with site and building improvements
12.
BUDGET CALENDAR
August 25: County assessor certifies to school district the total assessed valuation and the actual value of the taxable property in the district
October 1: Pupil membership count
December 10: Final date county assessor can notify school district of changes in assessed valuation
December 15: Board of Education certifies mill-levies
January 31: Any time prior to this date, the District budget may be reviewed, changed and approved with respect to revenues and expenditures
Winter: Prepare initial draft of revenue and expenditure assumptions
Spring: o Refine preliminary budget assumptions and estimates o Review district goals in relationship to budget development process o Hold work sessions for the community regarding preliminary budget
June 1: Deadline for submission of proposed budget to Board of Education
June: Budget public notice must be published and a public hearing must be held
June 30: Last legal date for final adoption of school district budget and appropriation resolution Though the budget must be adopted in June, the factors used in calculating the Program Funding are not known until the end of the calendar year. Best estimates are used for pupil count, assessed valuation and at-risk factors. Revisions are made to the budget in December or January when a more accurate pupil count and assessed valuation is available.
PERTINENT CONSTITUTIONAL PROVISIONS:
Gallagher Amendment (1982): o Impacts how much Colorado homeowners pay in property taxes based on assessed
value and the comparison of residential and nonresidential properties. When residential values grow faster than business values, homeowners pay proportionately less.
o Current assessment rates: Residential: 7.96% Business: 29%
Tax Payers Bill of Rights - TABOR (1992): o Restricts revenues for all levels of government. o Without voter approval:
Governments cannot raise tax rates Governments cannot spend revenues collected if the revenues grow faster than
the rate of inflation and population growth
Amendment 23 (2000): o Guarantees minimum levels of (base) funding for education o Funding must keep up with rate of inflation o This included an additional 1% through FY 11 o Created the State Education Fund
Sources: Colorado Department of Education “Financial Policies and Procedures Handbook 2014 Edition” Colorado Department of Education “FPP Handbook Chart of Accounts” Colorado Department of Education “Public School Finance Fact Sheet” Colorado Department of Education “Understanding Colorado School Finance and Categorical Program Funding”
Woodland Park School District RE-2 Proposed Budget FY 17
WOODLAND PARK SCHOOL DISTRICT RE-2
ASSESSED VALUATION, PUPIL COUNT, MILL LEVY FY 2017
REVISED
ASSESSED VALUATION 2012 2013 2014 2015 2016
Teller County $249,682,216 $232,390,420 $230,780,330 $252,782,741 $255,036,618
FUNDED PUPIL COUNT (FPC) Oct. 2012 Oct. 2013 Oct. 2014 Oct. 2015 Oct. 2016
5yr Avg. 5yr Avg 5yr Avg. 5yr Avg. 5yr Avg.
2594.6 2539.0 2484.7 2436.5 2375.3
FPC FPC FPC FPC FPC
2416.5 2401.0 2323.5 2316.0 2296.5
MILL LEVY (Collection Year) 2013 2014 2015 2016 2017
General Fund 22.550 22.550 22.550 22.550 22.550
Credits, Abate., Omissions 0.413 0.106 0.124 0.253 0.175
Mill Levy Override 4.406 4.733 4.766 4.352 4.313
Bond Redemption 8.010 8.606 7.366 6.725 0.000
TOTAL 35.379 35.995 34.806 33.880 27.038
13.
WOODLAND PARK SCHOOL DISTRICT RE-2
REVENUE FY 2017
GENERAL FUND
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
Beginning Fund Balance 9,902,030$ 8,146,966$ 8,146,966$ 8,523,187$
LOCAL SOURCES
Property Tax 6,366,580$ 6,801,462$ 6,712,065$ 6,851,076$
Specific Ownership Tax 788,752 750,000 829,651 695,000
Local Sales Tax - - - 1,750,000 Del. Tax & Int./Cr & Abatements 40,584 19,000 69,576 44,000
Tuition Fees 234,963 170,000 165,090 170,000
Participation Fees 37,839 35,000 38,505 30,000
Earnings on Investments 33,577 25,000 53,934 25,000
COP Issue Discount - - - (38,870)
COP Lease Proceeds - - - 10,085,000
Other Local Sources 142,679 189,759 188,946 211,249
TOTAL LOCAL SOURCES 7,644,974$ 7,990,221$ 8,057,767$ 19,822,455$
INTERMEDIATE SOURCES
Mineral Leases -$ 10,535$ 10,535$ 9,488$
STATE SOURCES
State Equalization 11,056,680$ 10,775,450$ 10,842,866$ 10,602,445$
Add'l At-Risk Funding - - 9,754.00 -
State Equalization Audit Adj. - (102,955) (102,955) -
Risk Management Allocation (345,000) (382,000) (382,000) (422,426)
Vocational Ed 76,836 60,000 42,003 60,000
Special Ed - ECEA 296,963 32,272 42,164 -
ELPA 13,244 16,107 17,925 21,727
Gifted & Talented 44,668 43,573 43,573 40,879
Other State (State Ed Prior.) 45,717 45,716 45,716 12,000
TOTAL STATE SOURCES 11,189,108$ 10,488,163$ 10,559,046$ 10,314,625$
FEDERAL SOURCES
IDEA Part B BOCES 359,513$ 276,721$ 284,301$ 177,607$
Preschool BOCES 28,165 22,877 22,877 22,877
Other Federal Sources 23,989 23,100 23,099 35,591
Medicaid Reimbursement 182,464 149,870 227,177 204,292
TOTAL FEDERAL SOURCES 594,131$ 472,568$ 557,454$ 440,367$
TOTAL REVENUE 19,428,213$ 18,961,487$ 19,184,802$ 30,586,935$
TOTAL REVENUE
& FUND BALANCE 29,330,243$ 27,108,453$ 27,331,768$ 39,110,122$
14.
WOODLAND PARK SCHOOL DISTRICT RE-2
EXPENDITURES FY 2017
GENERAL FUND
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
INSTRUCTIONAL (1000-1699)
Salaries (100) 6,194,533$ 6,616,518$ 6,323,969$ 6,726,788$
Emp. Benefits (200) 1,751,119 1,908,031 1,839,525 2,054,708
Purch. Svc. (300-500) 150,672 218,846 199,663 264,276
Supplies (600) 760,359 857,021 614,221 980,279
Property (700) 186,442 172,047 159,606 120,098
Other Exp. (800) - 3,200 10,776 10,300
Total Instructional 9,043,125$ 9,775,663$ 9,147,760$ 10,156,449$
SPECIAL EDUCATION (1700-1799)
Salaries (100) 1,408,681$ 1,512,854$ 1,359,215$ 1,439,284$
Emp. Benefits (200) 432,854 494,814 438,639 538,488
Purch. Svc. (300-500) 176,309 253,500 143,653 261,060
Supplies (600) 15,171 22,836 14,799 21,126
Property (700) 16,166 13,356 9,430 14,640
Other Exp. (800) - 400 169 400
Total Special Education 2,049,181$ 2,297,760$ 1,965,905$ 2,274,998$
CO-CURRICULAR (1800-1900)
Salaries (100) 325,637$ 332,696$ 328,090$ 347,989$
Emp. Benefits (200) 69,538 73,919 72,093 80,879
Purch. Svc. (300-500) 79,906 91,404 89,674 97,600
Athletic Supplies (600) 21,577 20,062 20,916 20,062
Property (700) 17,050 5,500 5,695 6,500
Total Co-Curricular 513,708$ 523,581$ 516,468$ 553,030$
SUPPORT SERVICES
STUDENTS (2100)
Salaries (100) 684,810$ 738,923$ 646,817$ 784,591$
Emp. Benefits (200) 191,795 211,822 184,960 242,743
Purch. Svc. (300-500) 13,684 27,218 19,751 66,581
Supplies (600) 12,404 26,713 16,527 27,813
Property (700) 158 6,601 4,567 -
Other Exp. SWAP Support 50,047 60,103 59,437 83,276
Total Student Support 952,898$ 1,071,380$ 932,059$ 1,205,004$
15.
WOODLAND PARK SCHOOL DISTRICT RE-2
EXPENDITURES FY 2017
GENERAL FUND
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
INSTR. STAFF SUPPORT (2200)
Salaries (100) 684,375$ 694,798$ 695,002$ 749,103$
Emp. Benefits (200) 189,531 196,577 198,269 219,436
Purch. Svc. (300-500) 75,287 90,843 64,269 51,869
Supplies (600) 4,497 4,600 4,189 4,600
Property (700) - - - 71,490
Total Inst. Staff Support 953,690$ 986,818$ 961,729$ 1,096,498$
GENERAL ADMIN. (2300)
Salaries (100) 389,288$ 391,538$ 397,480$ 407,525$
Emp. Benefits (200) 103,287 97,283 104,723 116,043
Purch. Svc. (300-500) 65,045 125,500 88,277 158,700
Supplies (600) 50,251 36,079 29,872 37,615
Property (700) 1,062 2,000 140 3,200
Other Exp. (800) 13,020 17,000 14,502 17,000
Total General Admin. 621,953$ 669,400$ 634,994$ 740,083$
SCHOOL ADMIN. (2400)
Salaries (100) 874,724$ 900,513$ 900,318$ 951,336$
Emp. Benefits (200) 236,607 259,227 250,185 289,479
Purch. Svc. (300-500) 43,932 50,399 40,337 49,974
Supplies (600) 2,578 6,157 5,253 6,343
Property (700) - 1,542 1,114 1,552
Dues & Fees (800) 2,618 3,546 1,955 3,500
Total School Admin. 1,160,459$ 1,221,384$ 1,199,162$ 1,302,184$
BUSINESS SVCS. (2500)
Salaries (100) 252,312$ 233,664$ 236,102$ 249,130$
Emp. Benefits (200) 65,177 66,504 64,931 73,957
Purch. Svc. (300-500) 49,991 63,100 55,256 62,900
Total Business Svcs. 367,480$ 363,268$ 356,289$ 385,987$
OPER. & MAINT. (2600)
Salaries (100) 762,158$ 838,256$ 791,272$ 825,532$
Emp. Benefits (200) 241,286 278,593 254,656 278,256
Purch. Svc. (300-500) 119,625 141,133 142,477 124,336
Supplies (600) 639,628 589,121 540,764 547,798
Property (700) 7,252 10,677 10,838 10,600
Total Oper. & Maint. 1,769,949$ 1,857,780$ 1,740,007$ 1,786,522$
STUDENT TRANSP. (2700)
Salaries (100) 43,186$ 54,024$ 46,296$ 54,907$
Emp. Benefits (200) 7,863 10,115 12,775 11,417
Purch. Svc. (400-500) 672,661 701,699 661,874 759,268
Supplies (600) 105,507 142,000 57,250 127,000
Property (700) 78,632 75,000 - 105,000
Total Student Transp. 907,849$ 982,838$ 778,195$ 1,057,592$
16.
WOODLAND PARK SCHOOL DISTRICT RE-2
EXPENDITURES FY 2017
GENERAL FUND
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
CENTRAL SUPPORT (2800)
Salaries (100) 41,300$ 42,800$ 44,250$ 43,248$
Emp. Benefits (200) 18,350 26,638 20,413 25,548
Purch. Svc. (300-500) 117,507 132,200 159,496 122,800
Supplies (600) 7,294 6,844 478 2,409
Equipment (700) 86,692 99,000 107,628 180,000
Total Central Support 271,143$ 307,482$ 332,265$ 374,005$
OTHER SUPPORT (2900)
Salaries (100) 13,911$ 15,000$ 9,915$ 15,000$
Emp. Benefits (200) 87 218 254 218
Total Other Support 13,998 15,218 10,169 15,218
ENTERPRISE (3000)
Salaries (100) -$ 15,000$ 7,212$ 6,200$
Emp. Benefits (200) - 3,000 1,388 4,095
Purch. Svc. (300-500) - 7,500 6,451 7,000
Supplies (600) 627 500 835 1,000
Total Enterprise 627$ 26,000$ 15,886$ 18,295$
FACILITIES & SITES (4000)
Purch. Svc. (300-500)
Site Improvement 36,784$ 20,000$ 18,558$ 112,625$
SealKote Asphalt 22,379 33,807 36,780 20,000
MS Roof Best Grant Match - - - 552,000
Energy Retrofit - - - 385,418
Building Improvements 2,115,500 27,389 24,793 112,625
Total Facilities & Sites 2,174,663$ 81,196$ 80,131$ 1,182,668$
DEBT SERVICE (5000)
Interest - Lease Purchase 15,410$ 71,224$ 71,224$ 60,347$
Principal - Lease Purchase 367,144 66,338 66,337 68,267
Tower Lease - - - 33,326
COP Cost of Issue - - - 276,866
Refunding Escrow Deposit - - - 9,383,846
Interest on COPs - 5,000 - 194,489
Total Debt Service 382,554$ 142,562$ 137,561$ 10,017,141$
TOTAL EXPENDITURES 21,183,277$ 20,322,330$ 18,808,580$ 32,165,674$
CONTINGENCY
Unreserved Fund Balance -$ 5,557,782$ -$ 5,538,814$
Restricted Multiyear - 598,379 - 418,158
Emergency Reserve Tabor 3% - 629,962 - 987,476
TOTAL CONTINGENCY -$ 6,786,123$ -$ 6,944,448$
TOTAL EXP. & CONTINGENCY 21,183,277$ 27,108,453$ 18,808,580$ 39,110,122$
17.
WOODLAND PARK SCHOOL DISTRICT RE-2
BUDGET FY 2017
RISK MANAGEMENT
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
Beginning Fund Balance 25,766$ 10,524$ 10,524$ 24,448$
REVENUES
District Allocation 345,000$ 382,000$ 382,000$ 422,426$
TOTAL REVENUE 345,000$ 382,000$ 382,000$ 422,426$
TOTAL REVENUE &
FUND BALANCE 370,766$ 392,524$ 392,524$ 446,874$
EXPENDITURES
Purch. Svc. 79,419$ 70,168$ 77,166$ 72,963$
Premiums 252,497 277,356 283,893 327,911
Supplies 5,527 10,000 (5,426) 10,000
Security Software 17,204 25,000 17,954 26,000
Equipment 5,595 10,000 (5,511) 10,000
TOTAL EXPENDITURES 360,242$ 392,524$ 368,076$ 446,874$
18.
WOODLAND PARK SCHOOL DISTRICT RE-2
BUDGET FY 2017
FOOD SERVICE
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
Beginning Fund Balance 277,154$ 252,872$ 252,872$ 290,947$
LOCAL REVENUES
Student Lunches 179,965$ 195,000$ 212,331$ 223,132$
Student Breakfast 22,486 45,312 32,616 32,858
Student Ala Carte 96,172 115,000 100,405 106,337
Adult Ala Carte 7,648 10,150 7,590 13,622
Catered Services 58,561 53,000 45,817 50,011
Transfer From GF - - - -
Sale of Used Equipment - - - -
TOTAL LOCAL REVENUES 364,832$ 418,462$ 398,759$ 425,960$
STATE REVENUES
State Matching Funds 7,078$ 7,000$ 6,955$ 6,955$
Smart Start Breakfast 2,399 2,000 3,220 3,955
Reduced Student Lunch 2,696 2,000 2,935 3,612
TOTAL STATE REVENUES 12,173$ 11,000$ 13,110$ 14,522$
FEDERAL REVENUES
Fed. Reimb. Lunch 293,393$ 277,000$ 277,316$ 301,847$
Fed. Reimb. Breakfast 82,651 60,000 89,064 86,242
USDA Commodities 51,473 45,390 55,513 54,798
TOTAL FED REVENUES 427,517$ 382,390$ 421,893$ 442,887$
TOTAL REVENUES 804,522$ 811,852$ 833,762$ 883,369$
TOTAL REVENUE &
FUND BALANCE 1,081,676$ 1,064,724$ 1,086,634$ 1,174,316$
EXPENDITURES
Salaries 289,489$ 288,000$ 302,001$ 317,596$
Benefits 60,814 74,250 67,915 88,501
Admin/Management Fee 47,796 40,652 48,221 49,842
Contracted Labor - 10,000 - 10,000
Purchased Services 20,086 25,650 19,954 23,047
Liability Ins. 14,210 14,700 15,276 14,731
Food Costs 294,366 272,634 240,635 253,599
Supplies 32,212 31,650 37,303 39,197
USDA Commodities 44,824 45,390 55,513 54,798
Equipment 25,007 18,926 8,869 45,000
3 % Tabor Reserves - 24,656 - 26,890
Appropriated Reserve - 218,216 - 251,115
TOTAL EXPENDITURES 828,804$ 1,064,724$ 795,687$ 1,174,316$
19.
WOODLAND PARK SCHOOL DISTRICT RE-2
BUDGET FY 2017
DESIGNATED
PURPOSE GRANTS
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
LOCAL REVENUES
Facilitator 40,100$ -$ -$ -$
GO-CO Gateway 9,250 - - -
Summit Preschool Playground - - - 44,692
Mini Grants 33,235 55,000 2,421 22,579
TOTAL LOCAL REVENUE 82,585$ 55,000$ 2,421$ 67,271$
STATE REVENUE
Wellness 60,147$ 51,594$ 50,189$ 51,405$
Read Act 49,335 146,271 70,176 146,271
State Mini Grants 9,199 15,000 6,180 11,600
State Library Grant - 4,000 2,874 5,126
EARSS Restore Practice - WPHS - - - 105,178
WPHS AP Pilot Program - - - 7,500
GO-CO Gateway 349,500 - - -
TOTAL STATE REVENUE 468,181$ 216,865$ 129,419$ 327,080$
FEDERAL REVENUE
Title I 285,879$ 291,698$ 283,625$ 286,530$
Title II Teacher Quality 113,998 103,838 99,257 103,325
Title III ELL 2,131 3,048 3,048 4,152
RTTT - Columbine Elem. - - - 19,055
Carl Perkins 27,164 26,720 26,617 20,500
SWAP 126,734 133,562 132,389 166,553
TOTAL FEDERAL REVENUE 555,906$ 558,866$ 544,936$ 600,115$
TOTAL REVENUE 1,106,672$ 830,731$ 676,776$ 994,466$
LOCAL EXPENDITURES
Facilitator 40,100$ -$ -$ -$
GO-CO Gateway 9,250 - - -
Summit Preschool Playground - - - 44,692
Mini Grants 33,235 55,000 2,421 22,579
TOTAL LOCAL EXPENDITURES 82,585$ 55,000$ 2,421$ 67,271$
STATE EXPENDITURES
Wellness 60,147$ 51,594$ 50,189$ 51,405$
Read Act 49,335 146,271 70,176 146,271
State Mini Grants 5,199 15,000 6,180 11,600
State Library Grant 4,000 4,000 2,874 5,126
EARSS Restore Practice - WPHS - - - 105,178
WPHS AP Pilot Program - - - 7,500
GO-CO Gateway 349,500 - - -
TOTAL STATE EXPENDITURES 468,181$ 216,865$ 129,419$ 327,080$
20.
WOODLAND PARK SCHOOL DISTRICT RE-2
BUDGET FY 2017
DESIGNATED
PURPOSE GRANTS
FEDERAL EXPENDITURES
Title I 285,879$ 291,698$ 283,625$ 286,530$
Title II Teacher Quality 113,998 103,838 99,257 103,325
Title III ELL 2,131 3,048 3,048 4,152
RTTT - Columbine Elem. - - - 19,055
Carl Perkins 27,164 26,720 26,617 20,500
SWAP 126,734 133,562 132,389 166,553
TOTAL FEDERAL EXPENDITURES 555,906$ 558,866$ 544,936$ 600,115$
TOTAL EXPENDITURES 1,106,672$ 830,731$ 676,776$ 994,466$
21.
WOODLAND PARK SCHOOL DISTRICT RE-2
BUDGET FY 2017
TRANSPORTATION
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
Beginning Fund Balance 54$ 10,349$ 10,349$ 15,385$
REVENUES
Transportation Fees 24,000$ 20,000$ 25,185$ 25,000$
CDE Audit Adjustment - 3,369 3,369 -
State Reimbursement 255,601 250,145 260,345 250,145
TOTAL REVENUES 279,601$ 273,514$ 288,899$ 275,145$
TOTAL REVENUE &
FUND BALANCE 279,655$ 283,863$ 299,248$ 290,530$
EXPENDITURES
Contracted Bus Service 269,306$ 283,863$ 283,863$ 290,530$
TOTAL EXPENDITURES 269,306$ 283,863$ 283,863$ 290,530$
22.
WOODLAND PARK SCHOOL DISTRICT RE-2
BUDGET FY 2017
BOND REDEMPTION
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
Beginning Fund Balance 3,393,393$ 3,451,625$ 3,451,625$ 3,474,582$
REVENUES
Property Tax 1,698,999$ 1,700,000$ 1,677,014$ 100,000$
Refunding Bond Proceeds - - - -
Refunding Premium/Discount - - - -
Delinquent Tax & Interest 3,795 - 2,143 -
TOTAL REVENUES 1,702,794$ 1,700,000$ 1,679,157$ 100,000$
TOTAL REVENUE &
FUND BALANCE 5,096,187$ 5,151,625$ 5,130,782$ 3,574,582$
EXPENDITURES
Principal 1,200,000$ 1,265,000$ 1,265,000$ -$
Interest 443,313 389,950 389,950 -
Bond Issuance Cost - - - -
Payment to Bond Escrow Agent - - - 3,574,582
Other Fees 1,250 2,170 1,250 -
Reserved for Debt Retirement - 3,494,504 - -
TOTAL EXPENDITURES 1,644,563$ 5,151,624$ 1,656,200$ 3,574,582$
23.
WOODLAND PARK SCHOOL DISTRICT RE-2
BUDGET FY 2017
PUPIL ACTIVITY
AGENCY FUND
JUNE 2015 JAN 2016 JUNE 2016 JAN 2017
AUDITED REVISED AUDITED REVISED
ACTUAL BUDGET ACTUAL BUDGET
Fiscal Year 2015 2016 2016 2017
Beginning Cash Balance 317,555$ 313,361$ 318,814$ 377,479$
REVENUE
Online Payment Fee 13,072$ 15,000$ 27,751$ 30,000$
Gateway Elementary 22,662 30,000 35,449 36,000
Columbine Elementary 47,127 55,000 60,087 55,000
Summit Elementary 18,935 25,000 51,547 50,000
Middle School 199,301 250,000 242,416 250,000
High School 444,699 500,000 396,710 500,000
TOTAL REVENUE 745,796$ 875,000$ 813,960$ 921,000$
EXPENDITURES
Paying Agent Fee 11,434$ 15,000$ 22,423$ 30,000$
Gateway Elementary 21,785 30,000 27,109 36,000
Columbine Elementary 62,939 55,000 47,111 55,000
Summit Elementary 21,957 25,000 44,840 50,000
Middle School 184,561 250,000 215,552 250,000
High School 447,314 500,000 398,260 500,000
TOTAL EXPENDITURES 749,990$ 875,000$ 755,295$ 921,000$
24.
APPROPRIATION RESOLUTION FY 2017
Be it Resolved by the Board of Education of School District Re-2 in Teller County
that the amounts shown in the following schedule be appropriated to each fund as
specified in the Budget for Fiscal Year beginning July 1, 2016
and ending June 30, 2017.
FUND AMOUNT
General Fund 39,110,122$
Risk Management 446,874$
Food Service 1,174,316$
Designated Purpose Grants 994,466$
Transportation Fund 290,530$
Bond Redemption Fund 3,574,582$
Pupil Activity Fund 921,000$
TOTAL APPROPRIATIONS 46,511,890$
_______________________________________________________________
Carol Greenstreet, Board President, in accordance with CRS 22-44-110(4)
1/25/2017
Revised