Post on 08-Sep-2020
2018-19 Budget Workshop May 21, 2018
Supported Funds $234,388,424
Flow-Through $31,463,046
Self-Supported $23,055,086
Capital & Debt Retirement
$78,020,891
Federal $11,105,298
2018-19 Summary of Fund Types
SUPPORTED (OPERATING) FUNDS
• Funds are used to account for the general operation
of the district.
• Includes the general and supplemental general fund,
as well as other funds that are supported by transfers
from these funds.
• Main revenue sources -- state aid, local taxes and
reimbursable fees.
Current Budget Assumptions: Funding
• BASE increases $159 to $4,165
• Special Education funding increased due to increase
in categorical aid and transportation cost
reimbursement
• LOB funding decreases due to less weighted FTE
Anticipated Funding
2018-19 Est. Funding – KSDE Runs
Weighted FTE Increase
General State Aid 35,599.2 2,391,167
SPED State Aid 4,842.5 1,904,459
LOB Restored 36,303.9 -
Funding Increase $4,295,626
2018-19 Est. Funding – SMSD Estimate
Weighted FTE Increase
General State Aid 35,653.7 3,064,549
SPED State Aid 5,272.6 2,025,900
LOB Restored 35,653.7 (961,919)
Funding Increase $4,128,530
Reimbursables/Other 444,319
Estimated Funding
Increase
$4,572,849
Adjustments for SMSD Estimate Enrollment drop after 2015-16 (-376.8 FTE)
Student Growth Reserve added ($1.2 million)
Bilingual – decreased 15%
Vocational Ed – increased 10%
New Facilities – Lenexa Hills added
Declining enrollment eliminated (-397.8 FTE)
2018-19 Estimated Supported Funds
General $148,497,931
LOB 61,440,697
Special Education 21,866,635
Reimbursables 2,491,750
Medicaid 1,340,000
Other 898,465
Total $236,535,478
Current Budget Assumptions: Expenditures
• Professional Growth included; no other salary
increases - $500,000
• Personnel Changes of 15.9 FTE - $1,606,000
• Maintains health cap at $649 - $657,000
• Includes 3% increase for transportation - $444,000
• Includes decrease for textbooks – ($900,000)
• Student Growth Reserve added - $1,200,000
112,840,949 48.2%
1,541,534 0.7%
12,713,799 5.4%
26,459,880 11.3%
9,361,047 4.0%
32,443,426 13.8%
14,353,522 6.1%
9,639,493 4.1%
12,949,100 5.5%
2,085,675 0.9%
2018-19 Budget Summary
Teachers Pyschologists
Administrators Classified
Other Salaries Benefits
Transportation Utilities
Supplies & Services Other
83.4% of Budget for Salaries and Benefits –
$195,360,634
Summary of Fund Balances
Actual Restated
Original Projected Anticipated
2016-17 2017-18 2017-18 2018-19
Base State Aid Per Pupil $3,852 $4,006 $4,006 $4,165
Revenues $216,099,302 $234,628,748 $231,962,629 $236,535,478
Expenditures $216,507,717 $233,182,089 $233,158,820 $234,388,424
Surplus (Deficit)
Operating ($408,415) $1,446,659 ($1,196,191) $2,147,054
Workers' Compensation 600,000 0 0 0
Beginning Fund Balance $15,910,190 $15,501,775 $15,501,775 $14,305,584
Ending Fund Balance $15,501,775 $16,948,434 $14,305,584 $16,452,638
Balance as % of Expenditures 7.16% 7.27% 6.14% 8.13%
Workers Comp Reserve $2,600,000 $2,600,000 $2,600,000 $2,600,000
Contingency Reserve $5,638,052 $5,638,052 $5,638,052 $5,638,052
FLOW-THROUGH FUNDS TO THE STATE
Cost of Living $ 6,508,796
KPERS 24,954,250
Total $ 31,463,046
SELF-SUPPORTED FUNDS
• Revenue received equals (or exceeds) the
expenditure budget
• Receive no transfers from general or LOB fund
• Revenue received is for a specific purpose
• Revenue includes:
• Fees
• Local Taxes
• Interest
• Gifts, Grants, and/or Donations
Self Supported Funds
Fund
Beginning Balance
Receipts
Expenditures
Ending Balance
Adult Supplemental $ 35,421 $ 0 $ 35,421 $ 0
E‐School 389,264 76,500 81,235 384,529
Food Service 3,538,957 10,998,367 14,532,452 4,872
Summer School 947,519 474,000 768,562 652,957
Special Liability 1,847,982 401,042 1,241,675 1,007,349
Student Materials 346,102 739,000 1,085,102 0
Textbook Rental 3,750,643 919,755 2,877,909 1,792,489
Health Reserve 51,724 1,336,000 1,320,000 67,724
Gifts, Grants & Donations 1,345,113 1,169,671 1,026,641 1,488,143
Drug Free Schools‐Local 47,089 39,000 86,089 0
CAPITAL & DEBT RETIREMENT FUNDS
• Capital Outlay fund - receives local taxes for the purpose
of construction, repair, remodeling, furnishings,
equipment, software, uniforms and technology for district
facilities.
• Debt Retirement fund - receives local taxes for the
payment of interest & principal on general long‐term
debt and special assessments.
• These funds can not be used for operating expenditures.
Assessed Valuation (In Billions)
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$3.863
6.24%
Beginning Fund Balance $ 18,365,395
Property Taxes 29,683,598
Motor Vehicle Taxes 3,258,514
Miscellaneous 49,853
Apple Repair/Replacement Fees 150,000
Apple Trade-In 1,653,100
Sale of Warehouse 2,400,000
Total Budget Available $55,560,460
Capital Outlay: Revenue
Instructional $ 980,317
Departments 4,708,717
Operations and Maintenance 12,550,000
Salaries and Benefits 4,356,723
Bond and Note Payments 19,539,843
Unallocated Projects 8,424,859
Total Capital Outlay $ 50,560,459
Capital Outlay: Expenditures
0.00 5.00 10.00 15.00 20.00 25.00 30.00
2019
2021
2023
2025
2027
2029
2031
2033
2035
2037
2039
In Millions
Debt Service Requirements by Year and Issue
1996A - Refunding
2008A - Refunding
2012A - Refunding
2015A - Construction
2016B - Construction
Interest
7.440
Current Mill
Rate
7.434
Projected
Mill Rates
7.434
6.934
6.934
6.934
6.934
Fund
Beginning Balance
Receipts
Expenditures
Ending Balance
Bond & Interest $ 23,833,183 $ 29,666,958 $ 26,560,432 $ 26,939,709
Special Assessment 640,751 753,939 900,000 494,690
Other Debt Funds
• Federal grants received directly from the federal
government or passed through the state of Kansas.
• Restricted to the specific use detailed in the grant
documents.
FEDERAL FUNDS
Title I $3,205,001
Title I Migrant 73,000
Title IIA 609,192
Title III 232,494
Title VIB 6,166,203
Carl Perkins 175,087
0.000
10.000
20.000
30.000
40.000
50.000
60.000
70.000
Special Liability
Special Assessment
Declining Enrollment
Cost of Living
Bond & Interest
Capital Outlay
LOB
General Fund
* Anticipated 2018 cost to owner of $200,000 home -- $1,169
Mill Levy History Projected 2018
Mill Levy – 52.822
(1.57% decrease)
TOTAL OF ALL BUDGETS
Projected
Expenditures
2017-18
Requested
Budget
2018-19
Supported $ 233,158,820 $ 234,388,424
Self‐Supported Funds 15,780,021 23,055,086
Capital & Debt Retirement 69,247,250 78,020,891
Flow‐Through Funds to State 29,607,038 31,463,046
Federal Funds 11,519,882 11,105,298
Total Budgets* $ 359,313,011 $ 378,032,745
* Actual budget amounts will be increased by student growth reserve, fund transfers and ending balances in accordance with the state reporting format.
Total of All Budgets
Budget Timeline
Budget Workshop May 21,2018
Approval of Publication July 23, 2018 (tentative)
Publication of Notice of Hearing in KC Star July 26, 2018 (approximately)
10-day Publication Noticed Ends August 5, 2018
Budget Hearing and Adoption August 13, 2018 (tentative)
Budget Submission Deadline August 25, 2018
Presentation can be found at SMSD.org – Budget & Finance Section