aisd power point presentation on recommended budget for 2011-12 (august 8, 2011)
TRANSCRIPT
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8/6/2019 AISD Power Point Presentation on Recommended budget for 2011-12 (August 8, 2011)
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AUSTIN INDEPENDENT SCHOOL DISTRICT
FY2011-12 RECOMMENDED BUDGET
Presentation to the AISD Board of Trustees
Meria Carstarphen, Superintendent
Nicole Conley-Abram, CFO
August 8, 2011
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8/6/2019 AISD Power Point Presentation on Recommended budget for 2011-12 (August 8, 2011)
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FY2011-12 Recommended Budget
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Revenue
Assumes State revenue loss of $35.6 million from current law as approved under SB1.
Increases Federal revenue $13.8 million from one-time Education Jobs funding.
A Fund Balance appropriation of $517,236 will need to be authorized to support the proposed expenditurebudget.
Expenditures
Includes $39.7 million in reductions associated with the implementation of the Districts Gap Closing Plan.
Baseline costs of $30.0 million are included to support continuing operations, which included increased costs of$7.3 million for Recapture requirements.
rovi es . mi ion to continue trategic ission ritica initiatives.
Restores $2.5 million to comply with States 22:1 ratio (Included in $30.0 Baseline Increases).
Taxable Values
July 25th Certified Taxable Values for 2011 is $56,875,444,136; an increase of 1.06% from 2010.
Tax Rate No increase in the tax rate for M & O (rate will remain unchanged at 1.079).
Proposes 1.5 cent increase to cover debt for bond program (rate will increase to .0163).
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FY2011-12 Recommended Budget
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Gap closing actions that total $39.7million, inclusive of the the Reduction
Salary or step increases for
Whats in the Budget Whats not in the Budget
in Force
Full day Pre-k
Funding to comply with State 22:1
Funds for new MultiplePathways school
n a ona p ann ng per o or
secondary teachers
Full restoration of Local commitmentto Strategic Compensation
possible inclusion in separateInstructional MaterialsAllotment (IMA)
Start-up funds for new Linder EarlyChildhood
Early college program at Reagan
Hardship leave Traditional social security for
part-time employees
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FY2011-12 Recommended Budget
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General Food Debt Memo Total
Revenues
Local Sources $638,598,075 $8,226,536 $95,629,706 742,454,317$
State Sources $170,302,248 $1,146,327 - 171,448,575$
Federal Sources $29,085,672 $29,831,027 - 58,916,699$
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Total Revenues $838,036,995 $39,203,890 $95,629,706 $972,870,591
Expenditures
Operating Expenditures 838,473,231 39,849,762 96,211,215 974,534,208Other Uses 81,000 - - 81,000
ota xpen tures 838,554,231 39,849,762 96,211,215 974,615,208
Excess (deficiency) of revenues over
expenditures($517,236) ($645,872) ($581,509) ($1,744,617)
Fund Balances- September 1 (Beginning) * $185,023,127 $9,034,427 $15,165,181 $209,222,735
Fund Balances - August 31 (Prior to Adjustment) * $184,505,891 * $8,388,555 * $14,583,672 * $207,478,118
* Estimated Balance
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FY2011-12 Recommended Budget By
un nc u ng ap er5
Debt ServiceFund9.9%
Chapter 4113.9%
General Fund
72.2%
ooServiceFund
4.1%
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FY2011-12 Recommended Budget
verv ew o enera un xpen tures6
% CHANGE
FUND
FY2011
Adopted
Budget
FY2011
Amended
Budget
FY2012
Recommended
Budget
CHANGE
from Adopted
Budget
from
Adopted
Budget
CHANGE
from Amended
Budget
CHANGE
from Amended
Budget
, , , , , , , , - . , , - .
Food Service $38,708,409 $38,708,409 $39,849,762 $1,141,353 2.95% $1,141,353 2.95%
, , , , , , , , . , , .
Total $973,997,900 $999,803,001 $974,534,208 $536,308 0.06% ($25,268,793) -2.53%
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FY 2011-12 Recommended Budget
enera un evenue u get7
$ Change
from
% Change
from
FY 2011
Adopted
FY 2011
Amended
FY 2012
Recommended
$ Change
from
% Change
from
Local 628,727,327 642,432,446 638,598,075 9,870,748 1.57% (3,834,371) -0.60%
State 172,890,382 167,041,989 170,302,248 (2,588,134) -1.50% 3,260,259 1.95%Federal 36,357,018 38,334,430 29,085,672 (7,271,346) -20.00% (9,248,758) -24.13%
Total 837,974,727 847,808,865 837,985,995 11,268 0.00% (9,822,870) -1.16%
Recapture 127,815,376 125,928,725 135,176,524 7,361,148 5.76% 9,247,799 7.34%
Operating
Revenue 710,159,351 721,880,140 702,809,471 (7,349,880) -1.03% (19,070,669) -2.64%
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FY2011-12 Recommended Budget
enera un xpen ure u ge8
FY2011
Adopted
FY2011
Amended
FY2012
Recommended $ Change from % Change
$ Change
from % Change
Budget Budget Budget Adopted from Adopted Amended from AmendedTotal Revenues 837,974,727 847,808,865 837,985,995 11,268 0.00% (9,822,870) -1.16%
Less: Recapture (127,815,376) (125,928,725) (135,176,524) (7,361,148) 5.76% (9,247,799) 7.34%
Net Revenue 710,159,351 721,880,140 702,809,471 (7,349,880) -1.03% (19,070,669) -2.64%
TotalExpenditures 716,415,351 744,107,103 703,296,707 (13,118,644) -1.83% (40,810,396) -5.48%
Net Other
(Sources) Uses (44,000) 1,231,000 (30,000) 14,000 -31.82% (1,261,000) -102.44%Total
xpen turesand Other(Sources) Uses 716,459,351 742,876,103 703,326,707 (13,132,644) -1.83% (39,549,396) -5.32%
Difference (6,300,000) (20,995,963) (517,236) 5,782,764 -91.79% 20,478,727 -97.54%
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FY2011-12 Recommended Budget vs.
ame erv ces u get9
em moun
FY2011 Adopted Budget $844,230,727Projected Baseline Increases (Same Services ~
so inc u es un s or items previous y un e
by grants) $14,542,692
Recapture Increase $7,361,148A State Fe era Grant Re uctions 5, 7, 7
Subtotal Same Services Budget $871,582,194
Gap Reduction Plan Reductions ($39,730,202)
Strategic Investment Increases (Also includesfunds for items previously funded by grants) $4,121,239
Gap plan adjustments due to final legislative
resu s : , ,
Total FY2011-12 Budget $838,473,231
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FY2011-12 Recommended Budget
axa e a ues10
Austin ISD
Taxable Values, Collections, and Rates
2009/10 2010/11 2011/12 2012/2013 2013/2014Taxable ValuesNet Taxable Value (before freeze) 63,907,000,426$ 61,570,945,154$ 61,870,932,381$ 62,950,340,149$ 64,838,850,353$
Less: Freeze Taxable Value (5,157,590,887)$ (5,290,263,882)$ (4,995,488,245)$ (5,082,659,515)$ (5,235,139,300)$
Net Taxable Value (after freeze) 58,749,409,539$ 56,280,681,272$ 56,875,444,136$ 57,867,680,634$ 59,603,711,053$
Forecasts
Increase (Decrease) Over Prior Year 2,482,825,582$ (2,468,728,267)$ 594,762,864$ 992,236,498$ 1,736,030,419$
% Increase (Decrease) Over Prior Year 4.4126% -4.2021% 1.0568% 1.7446% 3.0000%
Net Taxable Levy 706,167,903$ 690,563,959$ 706,393,016$ 718,716,593$ 740,278,091$Freeze Ceiling Taxes 30,106,823$ 28,405,788$ 32,000,000$ 32,000,000$ 32,000,000$
, , , , , , , , , ,
% Actual Collections to Levy 97.80% 97.80% 97.80% 97.80% 97.80%
Tax RatesLocal Maintenance 1.0790 1.0790 1.0790 1.0790 1.0790
Debt Service 0.1230 0.1480 0.1630 0.1630 0.1630
Total 1.2020 1.2270 1.2420 1.2420 1.2420
Budget - CurrentLocal Maintenance 646,391,630$ 618,338,593$ 627,373,664$ 637,844,359$ 656,164,028$
Debt Service 73,685,051$ 84,813,820$ 94,774,706$ 96,356,469$ 99,123,945$
Total 720,076,682$ 703,152,413$ 722,148,370$ 734,200,828$ 755,287,973$
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FY2012 Preliminary Budget
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FY2011
M&O
FY2012
PreliminaryFY2011
I&S
FY2012
Preliminary
Rates $1.079 $1.079 $0.148 $0.163
One Cent Yields $5.8 million $5.7 million $5.8 million $5.7 million
Note: Recapture claimsNote: Recapture claims approximate 40approximate 40% of M&O taxes above $1.06.% of M&O taxes above $1.06.
Any increase in M&O requires voter approval.Any increase in M&O requires voter approval.
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Impact of I&S Tax Rate increase Using Certified
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Propose 1.5CentIncreasetoI S
2010Certified
2011Certified Change
M&ORate 1.079 1.079 0.00%
I&SRate 0.148 0.163 10.14%
AverageHomeValue 265,573 262,886 1.01%
AverageHomeTaxableValue 245,593 244,799 0.32%
M&OLevy 2,649.95 2,641.38 (8.57)$
I&SLevy 363.48 399.02 35.54$
TotalLevy 3,013.43 3,040.40 26.98$
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Out-Year Challenges Ahead13
Combined Statement of Revenues, Expenditures by Function, and Chan es in Fund Balance
2010 - 2011
Adopted
2011-2012
Recommended
Budget
2012-2013
Forecast 2013-2014 Forecast
Total Revenues 837,974,727 837,985,995 $786,408,736 $805,191,029
Less: Recapture ($127,815,376) ($135,176,524) ($104,549,395) ($103,599,929)
Net Revenue 710 15 351 702 80 471 681 85 341 701 5 1 100
Total Expenditures 716,415,351 703,296,707 $715,958,707 $724,508,707
Net Other (Sources) Uses $44,000 $30,000 $30,000 $30,000
Total Expenditures and Other(Sources) Uses $716,459,351 $703,326,707 $715,988,707 $724,538,707
Net Change in Fund Balances ($6,300,000) ($517,236) ($34,129,366) ($22,947,607)
Fund Balances - September 1
(Beginning) $172,135,096 $185,023,127 $184,505,891 $150,376,525
Fund Balances - August 31
n ng , , , , , , , ,
Less Reserved Fund Balance ($25,768,806) ($24,000,000) ($24,000,000) ($24,000,000)
Ending Fund Balance - Unreserved $140,066,290 $160,505,891 $126,376,525 $103,428,918
Amount Required for 14% Fund Balance
Policy $100,304,309 $98,465,739 $100,238,419 $101,435,419
Difference 39,7 1,981 2,040,152 2 ,138,10 1,993,499
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s or c xemp ons
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8/6/2019 AISD Power Point Presentation on Recommended budget for 2011-12 (August 8, 2011)
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Historic Exem tions15
At the May work session, the City presented its recommended proposals to
the Board, which included a proposal to cap the tax incentive for residential
at $2,500 (avg. $2,581). No cap was proposed for commercial.
The City will formally take action on August 4th
It is recommended that the Board take action to restore the program.
In doing so, the Board has a few options such as: p on : es ore exemp on o prev ous au or za on- o ca ons wou s e
needed to previous authorization so that actual calculations could reflect language.
Option#3: Adopt City modifications and impose no cap beyond language in prior
authorization.
Option#2: Adopt City modifications and impose a possible cap of $3,500 to $4,000
similar to City for residential properties (avg. $3,277), with no cap for commercial
properties.
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Highlights of Proposed City Historic
xemp on o e anges More stringent review of applications and inspections of
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historic properties.
Review possibility of loan assistance program forrehabilitation of historic structures.
Cap property tax exemption for owner-occupied historicproperty at $2,500 for those designated after January1 2010.
Establish index to automatically adjust residential cap basedon future increases or decreases in valuations.
assessed value of land and improvements.
Develop formula that gradually reduces exemption over five,
whose exemptions exceeds cap.
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