Cedar Rapids Community School District Fiscal Year 2019 ... · PDF file Cedar Rapids Community...

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Transcript of Cedar Rapids Community School District Fiscal Year 2019 ... · PDF file Cedar Rapids Community...

  • Cedar Rapids Community School District

    Fiscal Year 2019-2020 Budget

  • TABLE OF CONTENTS…………………………………………………………………………………………………………….. 1-2

    SUPERINTENDENT’S LETTER………………………………………………………………………………………………………. 3

    PART 1: EXECUTIVE SUMMARY SECTION…………………………………………………………….…….…………… 4

    Organizational Summary………………………………………………………………………………………………. 5

    District Mission…………………………………………………………..…………………………………… 5

    District Strategic Goals………………………………………………….…………………………………. 6

    District Facilities………………………………………………………………………………………………. 6

    Board of Education Members……………………………………….…………………………………. 7

    Executive Administration…………………………………………………………………………………. 7

    Annual Budget Development Process and Timeline…………………………………………. 8-10

    Funding Key District Initiatives…………………………………………………………………………. 11

    FY19-20 Key Budget Considerations

    Consideration 1 – Local Property Taxes………………………………………………. 12

    Consideration 2- Tax Base Growth………………………………………………………. 13

    Consideration 3 – General Fund SSA/New Money Growth

    SSA Growth……………………………………………………………………………. 14

    Enrollment Trends…………………………………………………………………. 14

    Open Enrollment……………………………………………………………………. 15

    Consideration 4 – General Fund Budget Adjustment………………………….. 16

    Consideration 5 – Staff Allocation………………………………………………………. 16

    Consideration 6 – Staff Compensation Status for 2019-20………………….. 17

    Consideration 7 – Cash Reserve Levy………………………………………………….. 17

    Consideration 8 – Categorical Funding………………………………………………... 18

    Financial Summary

    Budgeted Revenues and Expenditures In Total By Fund…………………………………… 19

    Fund Types………………………………………………………………………………………………………. 20

    General Fund………………………………………………………………………………………. 21-24

    SAVE Fund…………………………………………………………………………………………… 25-26

    PPEL Fund…………………………………………………………………………………………… 27

    Debt Service Fund………………………………………………………………………………. 28-29

    Management Fund……………………………………………………………………………… 30

    Student Activity Fund………………………………………………………………………….. 31

    School Nutrition Fund…………………………………………………………………………. 32

    Day Care Fund…………………………………………………………………………………….. 33

    PART 2: ORGANIZATIONAL/INFORMATION SECTION……………………………………………………………… 34

    SAVE Oversight Committees………………………………………………………………………………………… 35-36

    Consultants and Advisors…………………………………………………………………………………………….. 37

    Administrative Leadership…………………………………………………………………………………………… 38-39

    Organization Chart………………………………………………………………………………………………………. 40

    Locations/Sites…………………………………………………………………………………………………………….. 41-42

    Demographics……………………………………………………………………………………………………………… 43-44

    Enrollment…………………………………………………………………………………………………………………… 45-51

    Recent Highlights and Accomplishments……………………………………………………………………… 52-59

    1

  • PART 3: FINANCIAL SECTION………………………………………………………….…………………………………….. 60

    Summary of All Funds………………………………………………………………………………………………….. 61-62

    Revenue Explanation by Source…………………………………………………………………………………… 63-67

    Expenditure Explanation by Functional Category…………………………………………………………. 68-71

    Expenditure Explanation by Object & Other Financing Sources……………………………………. 72

    Property Tax Comparison…………………………………………………………………………………………….. 73

    General Fund Summary……………………………………………………………………………………………….. 74

    General Fund Revenue by Source………………………………………………………………………………… 75

    General Fund Forecast…………………………………………………………………………………………………. 76

    General Fund Expenditures by Functional Category…………………………………………………….. 77

    Management Fund Summary………………………………………………………………………………………. 78

    PPEL Summary…………………………………………………………………………………………………………….. 79

    Student Activity Fund Summary…………………………………………………………………………………… 80

    SAVE Fund Summary……………………………………………………………………………………………………. 81

    Debt Service Fund Summary………………………………………………………………………………………… 82

    School Nutrition Fund Summary………………………………………………………………………………….. 83

    Day Care Fund Summary……………………………………………………………………………………………… 84

    State Budget Reports…………………………………………………………………………………………………… 85-98

    2

  • August 26, 2019

    To: Board of Directors

    Cedar Rapids Community School District

    The budget for fiscal year 2020 is herein submitted for your consideration. The budget reflects the priorities as identified by the Board of Education, and will authorize a commitment of resources to meet the goals of the Cedar Rapids Community School District. This comprehensive budget format is designed in the spirit of the Association of School Business Officials International’s Meritorious Budget Award program. It is the belief of the administration that this format enhances the community’s understanding of the principles of Iowa school finance, the budgeting process and communicates the priorities of the Board. There are challenges related to the ongoing, historically low levels of increases in Supplemental State Aid, which for fiscal year 2020 was an increase of 2.14%. However, working in a spirit of collaboration with our various employee groups, foundational compensation settlements for all staff was 1.5%. These settlements allowed the District to balance the General Fund budget without any staff reductions for the third consecutive year following seven years of budget reductions. That same collaboration also allowed for a General Fund balanced budget that includes additional discretionary resources to provide funding for key District initiatives including our continued expansion of the Magnet School program, 20 vans for transporting homeless and special needs students, new HR/accounting system, hiring of a registrar and a Bully & Harassment Specialist. It also allowed for critical improvements in instructional data analytics to better align District resources to measurable student outcomes. Recognizing the community’s understandable sensitivity to property taxes, the Board approved the fiscal year 2020 budget with no increase in the District’s property tax rate, which remains at $15.07 per thousand dollars of taxable property valuation.