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