Pattonville School District 2018-19 Budget

Executive Summary• Operating budget shows a net surplus of $1.6 million

• Beginning operating reserves are 34.07% of expenses (no borrowing)

• Final year of three year agreement for staff (3.75%) (Actual increase is 3.2% and three year average was 2.8% due to SIP in 2016)

• Health insurance to increase 3.5% (0% prior four years)

• 1% increase in property values non-reassessment year

• Normal text book adoption cycle $1million

• Vehicle replacements (4 buses, 2 maintenance)

• Middle school laptop replacement (iPads)

• No transfer students from unaccredited districts

Different Funds

General Special/Teacher

Capital

Operating

Debt

Bond

District

Operating Fund Summary

Reserves Amount Percent2012 Prop P

EstimateBeginning Balance 31,254,338 34.06% 30.41%

Net Surplus 1,110,368Total Ending Balance 32,364,706 34.59% 30.39%

The district must have approximately 26% in beginning reserves to avoid short-term borrowing in the fall

Revenue Budget ($99.7 million excluding bond sales)

Local 87%State

9%

Federal 4%

Assessed Value of Property

1,000,000,000

1,100,000,000

1,200,000,000

1,300,000,000

1,400,000,000

14-15

15-16

16-17

17-18

18-19

Assessed Valuation

Assessed values are below 2008 levels

Food Services

2013-14 2014-15 2015-16 2016-172017-18

(est)

Revenues 2,023,894 2,437,252 2,539,541 2,617,252 2,804,000

Expenditures (2,278,888) (2,269,336) (2,301,720) (2,406,894)(2,575,000)

Gain/(Loss) w/o Indirect Cost (254,994) 167,916 237,821 210,358 229,000

50% Indirect Cost (123,088) (130,279) (121,424) (136,450) (150,500)

Net Gain/(Loss) (378,082) 37,637 116,396 73,908 78,500

2018-19 budget is based on:

$2.45 Elementary from $2.40

$2.65 Secondary from $2.60

$3.35 Adult from $3.30

Change is comparable to area districts, and required by USDA

State Funding

Actual ReimbursementFull Reimbursement

Estimated Full Funding ShortfallFoundation Formula 4,739,300 4,739,300 0ECSE 3,685,000 3,685,000 0Transportation 415,000 1,482,300 (1,067,300)Other 260,000 260,000 0Total 9,099,300 10,166,600 (1,067,300)

Expenditure Budget ($99.3 million excluding bond construction)

Salaries/Benefits ($77.6 million)

Elementary Staffing

School

Grade Level Ratio (based on forecast algorithm)

K 1 2 3 4 5Bridgeway 20.0 20.7 16.3 23.3 21.3 19.5Drummond 20.9 19.7 21.7 23.0 22.4 25.0Parkwood 21.7 19.8 22.5 21.8 22.3 23.3Remington 19.7 18.0 21.0 19.5 22.3 22.2Rose Acres 19.6 18.3 18.3 18.3 21.8 25.0Willow Brook 20.8 20.5 20.6 19.5 21.3 21.0PSD Standard 20-22 20-22 20-22 20-25 20-25 20-25

Below/Lower End of Standard Meet Standard

Exceeds Standard

Secondary StaffingHigh School

Student/Classroom Teacher Ratios2011 2012 2013 2014 2015 2016 2017

ParkwayCentral High 17 16 17 18 17 17 16North High 17 17 17 17 17 16 16South High 17 17 17 17 18 17 18West High 18 17 18 17 16 18 18

RockwoodEureka High 20 19 18 21 17 19 21

Lafayette High 22 23 23 22 18 20 22

Marquette High 22 23 24 23 19 20 23

Rockwood Summit High 20 22 22 22 18 19 21

PattonvillePattonville High 19 20 21 20 20 19 19

Secondary StaffingMiddle School

Student/Classroom Teacher Ratios

2010 2011 2012 2013 2014 2015 2016

ParkwayCentral Middle 14 14 13 14 15 14 13Northeast Middle 14 13 14 14 14 13 14South Middle 13 13 14 14 13 13 13Southwest Middle 14 14 14 14 16 16 16West Middle 14 13 14 14 15 15 15

RockwoodCrestview Middle 17 17 17 16 16 17 17Lasalle Springs Middle 17 18 17 17 17 16 16Rockwood South Middle 18 18 17 17 17 18 17Rockwood Valley Middle 15 16 15 15 15 15 15Selvidge Middle 15 16 15 15 14 15 14Wildwood Middle 17 17 16 16 15 15 14

PattonvilleHolman Middle 13 14 15 14 14 13 14Heights Middle 14 13 13 13 13 14 14

Total Teacher StaffingDistrict

Average Salary+Benefits

Students per

TeacherKirkwood 77,716 13.40Pattonville 75,212 11.88Webster 74,561 14.17Parkway 73,829 13.56Ritenour 68,825 17.34Lindbergh 67,791 15.65Francis Howell 67,438 14.85Rockwood 67,082 14.34Hazelwood 66,555 14.31St. Charles 60,016 11.30Ft. Zumwalt 59,973 14.87

Pattonvilles lower student to teacher ratio vs. Kirkwood is valued at

$4,001,491 or $8,545 per Teacher

Support Staffing (FTE)2017-18 2018-19 Change

Business Office 4 5 1

Custodian 76 76 0

Food Services 27 27 0

Maintenance 21 21 0

Nurse 12 12 0

Office Staff 61 61 0

Paraprofessional 67 67 0

Printing 5 4 -1

Social Worker 3 3 0

Student Supervision 8 8 0

Technology* 25 25 0

Transportation 37 37 0

Support Staff 346 346 0

*Added 1 hour per day to library/technology aids

Health InsurancePe

rcen

t Inc

reas

e

0%

75%

150%

225%

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

National Insurance PremiumsPattonville Insurance PremiumsOverall Inflation

Text Book AdoptionsRecurring Costs  Math Journals 63,000Science Journals 18,000Middle School Electives 3,000Online Education 40,000Naviance 25,0006-8 Consumables 5,500Curriculum Database 12,000Early Childhood 5,000New Courses 40,000

New Adoptions  Health 220,000Modern language 171,000Online textbooks 150,000Music 58,000Math 20,000

Total Textbook Budget 830,500

$250,000

$500,000

$1,000,000

13-14

$750,000

16-17 17-1814-15 15-16 18-19

Capital Spending-$3,189,865 Decreased 9.25% or $207,131 from 2017-18

Allowance for 4 new busses

Model YearNumber of

Busses2003 22004 42005 22007 112008 92009 42010 22014 72015 12016 62017 62018 4

Total 58

Average bus age will be 7.3 years

2015 secondary laptop lease payment 566,869Elementary iPad 1 to 1 lease payment 385,2284 new type C school buses 360,000Cert. of participation HO and WB energy improvements 314,0002018 middle school iPad lease payment 265,0532016 teacher MacBook/student iPad replacement lease payment 231,097Music instrument replacements 100,000Paint interior of Drummond 100,000Copier/printer lease 97,956Replace maintenance truck/snowplow #177 58,000Uninterrupted power source (UPS) replacements 50,000Box truck with lift gate 46,000PLTW gateway labs replacement 38,500CAD lab replacement 27,930Other (less than $25,000) 549,232

3,189,865

$1,000,000

$2,000,000

$3,000,000

11-12 12-13 13-14 14-15 15-16 16-17 17-18

Budget Initiatives - Stop Loss Captive

Example $750,000 Major Medical Claim

$0

$125,000

$250,000

$375,000

$500,000

$625,000

$750,000

Francis Howell Northwest Pattonville

300,000300,000200,000

300,000300,000

300,000

150,000150,000

250,000

Deductible Captive Layer Stop Loss

Based on year to date 2017-18 data this may save the district $50,000-$100,000.

Budget Initiatives - Employee Health Clinics

Case Study by QuikTrip Corporation

$0

$275,000

$550,000

$825,000

$1,100,000

AVG savings per month AVG savings per year

$1,063,475

$88,623

QuikTrip Corporation, 2016

Potential Savings

$0

$50

$100

$150

$200

Avg. per Visit Avg. per Visit

$126 CareATC

$59 Savings

$185 Retail

A particular focus is also placed on assisting those employees who currently have chronic health needs, and more importantly helping employees improve their health before developing chronic health concerns.

The district provider anticipates a savings of about $0.30 for every $1.00 spent at the clinic. The anticipated savings is expected to be approximately $150,000 per year and grow over time.

Budget Initiatives - Performance Contracting

$126 CareATC

$59 Savings

$185 Retail

Program Data Facility Operational Data $/Sqft Program Cost $10,251,097 Total Square Feet 736,342 Comprehensive Energy Audit Fee $0 Total Annual Utilities $1,026,501 $1.39Total Program Cost $10,251,097 Annual Electric $900,108 $1.22 Less Up Front Cash Buydown $0 Annual Gas $126,394 $0.17Net Financed Costs $10,251,097 Annual Water $98,537 $0.13

Operational Costs $3,681,710 $5.00Rebates/Incentives Contribution $422,025 Utility Escalation Rate 4.00%

O&M Escalation Rate 3.00%Loan Data Lease Amount $9,829,072 Projected Savings Data % Savings Interest Rate (Estimated) 3.40% Total Utility Savings $340,420 33.16% Term (years) 15 Electric Savings $259,070 28.78% Calculated Finance Payment $847,352 Gas Savings $44,650 35.33% Finance Payments Total $12,710,278 Water Savings $36,700 37.24% Additional Annual Payments $0 Operational Savings $71,508 1.94% All Payments Total $13,132,303 Capital Cost Avoidance Savings $4,270,662

Additional Annual Funding $0

Projected Utility Cost Savings

Operational & Maintenance Cost Savings

Capital Cost Avoidance Savings

Grants & Rebates

Additional Funding

Total Funds Available

Debt Service Payment

Additional Annual

PaymentYearly Cash Flow Cumulative Cash

Flow

Yearly Cash Flow

(Without CCA)

Cumulative Cash Flow

(Without CCA)Construction $85,105 $0 $4,270,662 $422,025 $0 $4,777,792 $0 $422,025 $4,355,767 $4,355,767 $85,105 $85,105

1 $354,037 $73,653 $0 $427,690 $847,352 $0 -$419,662 $3,936,105 -$419,662 -$334,5572 $368,199 $75,863 $0 $444,062 $847,352 $0 -$403,290 $3,532,815 -$403,290 -$737,8473 $382,927 $78,139 $0 $461,066 $847,352 $0 -$386,286 $3,146,529 -$386,286 -$1,124,1334 $398,244 $80,483 $0 $478,727 $847,352 $0 -$368,625 $2,777,904 -$368,625 -$1,492,7585 $414,173 $82,897 $0 $497,070 $847,352 $0 -$350,282 $2,427,623 -$350,282 -$1,843,0396 $430,740 $85,384 $0 $516,124 $847,352 $0 -$331,228 $2,096,395 -$331,228 -$2,174,2677 $447,969 $87,946 $0 $535,915 $847,352 $0 -$311,437 $1,784,958 -$311,437 -$2,485,7048 $465,888 $90,584 $0 $556,472 $847,352 $0 -$290,880 $1,494,078 -$290,880 -$2,776,5849 $484,523 $93,302 $0 $577,825 $847,352 $0 -$269,527 $1,224,551 -$269,527 -$3,046,11110 $503,904 $96,101 $0 $600,005 $847,352 $0 -$247,347 $977,204 -$247,347 -$3,293,45811 $524,061 $98,984 $0 $623,045 $847,352 $0 -$224,307 $752,897 -$224,307 -$3,517,76512 $545,023 $101,954 $0 $646,977 $847,352 $0 -$200,375 $552,522 -$200,375 -$3,718,14013 $566,824 $105,013 $0 $671,837 $847,352 $0 -$175,515 $377,007 -$175,515 -$3,893,65514 $589,497 $108,163 $0 $697,660 $847,352 $0 -$149,692 $227,316 -$149,692 -$4,043,34615 $613,077 $111,408 $0 $724,485 $847,352 $0 -$122,867 $104,449 -$122,867 -$4,166,213

TOTALS $7,174,191 $1,369,874 $4,270,662 $422,025 $0 $13,236,752 $12,710,278 $422,025 $104,449 -$4,166,213

Notes 1) Navitas guarantees efficiency will be achieved that may generate dollar savings to cover total annual program fees.2) One hundred percent (100%) of excess savings may be kept or utilized at discretion of Client.3) Escalation for Utility and Operational savings are estimated.4) Actual debt service payment will be per the amortization schedule established by the lessor with Client.

Pattonville School DistrictIGA - Pro Forma Cash Flow for 15 Year Program

Program Year

Savings & New Revenue Payments Resulting Cashflow

Excludes C

apital Cost A

voidance

Project Proforma Page 1

Program Data Facility Operational Data $/Sqft Program Cost $10,251,097 Total Square Feet 736,342 Comprehensive Energy Audit Fee $0 Total Annual Utilities $1,026,501 $1.39Total Program Cost $10,251,097 Annual Electric $900,108 $1.22 Less Up Front Cash Buydown $0 Annual Gas $126,394 $0.17Net Financed Costs $10,251,097 Annual Water $98,537 $0.13

Operational Costs $3,681,710 $5.00Rebates/Incentives Contribution $422,025 Utility Escalation Rate 4.00%

O&M Escalation Rate 3.00%Loan Data Lease Amount $9,829,072 Projected Savings Data % Savings Interest Rate (Estimated) 3.40% Total Utility Savings $340,420 33.16% Term (years) 15 Electric Savings $259,070 28.78% Calculated Finance Payment $847,352 Gas Savings $44,650 35.33% Finance Payments Total $12,710,278 Water Savings $36,700 37.24% Additional Annual Payments $0 Operational Savings $71,508 1.94% All Payments Total $13,132,303 Capital Cost Avoidance Savings $4,270,662

Additional Annual Funding $0

Projected Utility Cost Savings

Operational & Maintenance Cost Savings

Capital Cost Avoidance Savings

Grants & Rebates

Additional Funding

Total Funds Available

Debt Service Payment

Additional Annual

PaymentYearly Cash Flow Cumulative Cash

Flow

Yearly Cash Flow

(Without CCA)

Cumulative Cash Flow

(Without CCA)Construction $85,105 $0 $4,270,662 $422,025 $0 $4,777,792 $0 $422,025 $4,355,767 $4,355,767 $85,105 $85,105

1 $354,037 $73,653 $0 $427,690 $847,352 $0 -$419,662 $3,936,105 -$419,662 -$334,5572 $368,199 $75,863 $0 $444,062 $847,352 $0 -$403,290 $3,532,815 -$403,290 -$737,8473 $382,927 $78,139 $0 $461,066 $847,352 $0 -$386,286 $3,146,529 -$386,286 -$1,124,1334 $398,244 $80,483 $0 $478,727 $847,352 $0 -$368,625 $2,777,904 -$368,625 -$1,492,7585 $414,173 $82,897 $0 $497,070 $847,352 $0 -$350,282 $2,427,623 -$350,282 -$1,843,0396 $430,740 $85,384 $0 $516,124 $847,352 $0 -$331,228 $2,096,395 -$331,228 -$2,174,2677 $447,969 $87,946 $0 $535,915 $847,352 $0 -$311,437 $1,784,958 -$311,437 -$2,485,7048 $465,888 $90,584 $0 $556,472 $847,352 $0 -$290,880 $1,494,078 -$290,880 -$2,776,5849 $484,523 $93,302 $0 $577,825 $847,352 $0 -$269,527 $1,224,551 -$269,527 -$3,046,11110 $503,904 $96,101 $0 $600,005 $847,352 $0 -$247,347 $977,204 -$247,347 -$3,293,45811 $524,061 $98,984 $0 $623,045 $847,352 $0 -$224,307 $752,897 -$224,307 -$3,517,76512 $545,023 $101,954 $0 $646,977 $847,352 $0 -$200,375 $552,522 -$200,375 -$3,718,14013 $566,824 $105,013 $0 $671,837 $847,352 $0 -$175,515 $377,007 -$175,515 -$3,893,65514 $589,497 $108,163 $0 $697,660 $847,352 $0 -$149,692 $227,316 -$149,692 -$4,043,34615 $613,077 $111,408 $0 $724,485 $847,352 $0 -$122,867 $104,449 -$122,867 -$4,166,213

TOTALS $7,174,191 $1,369,874 $4,270,662 $422,025 $0 $13,236,752 $12,710,278 $422,025 $104,449 -$4,166,213

Notes 1) Navitas guarantees efficiency will be achieved that may generate dollar savings to cover total annual program fees.2) One hundred percent (100%) of excess savings may be kept or utilized at discretion of Client.3) Escalation for Utility and Operational savings are estimated.4) Actual debt service payment will be per the amortization schedule established by the lessor with Client.

Pattonville School DistrictIGA - Pro Forma Cash Flow for 15 Year Program

Program Year

Savings & New Revenue Payments Resulting Cashflow

Excludes C

apital Cost A

voidance

Project Proforma Page 1

Program Data Facility Operational Data $/Sqft Program Cost $10,251,097 Total Square Feet 736,342 Comprehensive Energy Audit Fee $0 Total Annual Utilities $1,026,501 $1.39Total Program Cost $10,251,097 Annual Electric $900,108 $1.22 Less Up Front Cash Buydown $0 Annual Gas $126,394 $0.17Net Financed Costs $10,251,097 Annual Water $98,537 $0.13

Operational Costs $3,681,710 $5.00Rebates/Incentives Contribution $422,025 Utility Escalation Rate 4.00%

O&M Escalation Rate 3.00%Loan Data Lease Amount $9,829,072 Projected Savings Data % Savings Interest Rate (Estimated) 3.40% Total Utility Savings $340,420 33.16% Term (years) 15 Electric Savings $259,070 28.78% Calculated Finance Payment $847,352 Gas Savings $44,650 35.33% Finance Payments Total $12,710,278 Water Savings $36,700 37.24% Additional Annual Payments $0 Operational Savings $71,508 1.94% All Payments Total $13,132,303 Capital Cost Avoidance Savings $4,270,662

Additional Annual Funding $0

Projected Utility Cost Savings

Operational & Maintenance Cost Savings

Capital Cost Avoidance Savings

Grants & Rebates

Additional Funding

Total Funds Available

Debt Service Payment

Additional Annual

PaymentYearly Cash Flow Cumulative Cash

Flow

Yearly Cash Flow

(Without CCA)

Cumulative Cash Flow

(Without CCA)Construction $85,105 $0 $4,270,662 $422,025 $0 $4,777,792 $0 $422,025 $4,355,767 $4,355,767 $85,105 $85,105

1 $354,037 $73,653 $0 $427,690 $847,352 $0 -$419,662 $3,936,105 -$419,662 -$334,5572 $368,199 $75,863 $0 $444,062 $847,352 $0 -$403,290 $3,532,815 -$403,290 -$737,8473 $382,927 $78,139 $0 $461,066 $847,352 $0 -$386,286 $3,146,529 -$386,286 -$1,124,1334 $398,244 $80,483 $0 $478,727 $847,352 $0 -$368,625 $2,777,904 -$368,625 -$1,492,7585 $414,173 $82,897 $0 $497,070 $847,352 $0 -$350,282 $2,427,623 -$350,282 -$1,843,0396 $430,740 $85,384 $0 $516,124 $847,352 $0 -$331,228 $2,096,395 -$331,228 -$2,174,2677 $447,969 $87,946 $0 $535,915 $847,352 $0 -$311,437 $1,784,958 -$311,437 -$2,485,7048 $465,888 $90,584 $0 $556,472 $847,352 $0 -$290,880 $1,494,078 -$290,880 -$2,776,5849 $484,523 $93,302 $0 $577,825 $847,352 $0 -$269,527 $1,224,551 -$269,527 -$3,046,11110 $503,904 $96,101 $0 $600,005 $847,352 $0 -$247,347 $977,204 -$247,347 -$3,293,45811 $524,061 $98,984 $0 $623,045 $847,352 $0 -$224,307 $752,897 -$224,307 -$3,517,76512 $545,023 $101,954 $0 $646,977 $847,352 $0 -$200,375 $552,522 -$200,375 -$3,718,14013 $566,824 $105,013 $0 $671,837 $847,352 $0 -$175,515 $377,007 -$175,515 -$3,893,65514 $589,497 $108,163 $0 $697,660 $847,352 $0 -$149,692 $227,316 -$149,692 -$4,043,34615 $613,077 $111,408 $0 $724,485 $847,352 $0 -$122,867 $104,449 -$122,867 -$4,166,213

TOTALS $7,174,191 $1,369,874 $4,270,662 $422,025 $0 $13,236,752 $12,710,278 $422,025 $104,449 -$4,166,213

Notes 1) Navitas guarantees efficiency will be achieved that may generate dollar savings to cover total annual program fees.2) One hundred percent (100%) of excess savings may be kept or utilized at discretion of Client.3) Escalation for Utility and Operational savings are estimated.4) Actual debt service payment will be per the amortization schedule established by the lessor with Client.

Pattonville School DistrictIGA - Pro Forma Cash Flow for 15 Year Program

Program Year

Savings & New Revenue Payments Resulting Cashflow

Excludes C

apital Cost A

voidance

Project Proforma Page 1

Propositon K included $2.5 million in HVAC/

Lighting at SR, RA, PW, and HT.

However, by utilizing PC that scope of work

was increased to $10.3 million. The additional work is 100% funded by utility/operational

savings.

Projections2017-18 2018-19 2019-20 2020-21Budget Projection Projection Projection

Local Revenue 80,076,300 82,794,900 83,709,500 86,181,400

Other Revenue 12,802,428 12,957,500 13,114,200 13,273,000Total Revenue 92,878,728 95,752,400 96,823,700 99,454,400

Salaries/Benefits 76,290,636 77,998,500 80,338,500 83,135,000

Other Expense 15,477,724 15,571,100 15,665,100 15,821,700Total Expense 91,768,360 93,569,600 96,003,600 98,956,700

Net 1,110,368 2,182,800 820,100 497,700Beginning Fund Balance 31,254,338 32,364,706 34,547,506 35,367,606

Ending Fund Balance 32,364,706 34,547,506 35,367,606 35,865,306

Beginning % of Exp. 34.06% 34.59% 35.99% 35.74%

Debt Service

Payments Reserves

2014

2019

Operating Fund Balance Projection

Required Beg Balance(26%)Actual Beginnning Balance

Short-term borrowing in

2014-15

Questions?