budget presentation for board meeting june 3, 2010

8/9/2019 Budget Presentation for Board Meeting June 3, 2010

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C-FB ISD Board MeetingJune 3, 2010 1

2010-2011Budget

2010-2011Budget


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District Goal & SupportingObjectives

The Goal of the Carrollton-FarmersBranch ISD is high achievement for

all students.

Supporting Objectives

1) Continuously increase student achievement

2) Continuously improve the learning environmentfor students and staff

3) Continuously increase operational effectiveness

4) Continuously increase stakeholder confidenceand support of our school system


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Reminder

Budgets are made up ofESTIMATESusing past trends and currentknowledge

ALL DETAILSare subject to CHANGEas new information becomesavailable


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Budget Model Assumptions

Current State Funding Model will beaccurate for 2010-2011 (currently on version 1212)

Refined Average Daily Attendance will besimilar to 2009-2010 4th Six Weeks

Tax Roll Reduction 7%

General Fund Tax Rate $1.04 (shrinkage 3%)

Compensation Increase for all Staff2.5%

Program reductions


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RevenueRevenue


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TaxVal Tr ( Val Eq al Taxabl Val )

r : rtifi TaxR ll

$13, 27, 79,926

$13,701,922,632

$13,086,8 8,0 6

$12,8 1,971,550

$12,9 6,780,825

$13, 3,6 9, 65

$1 ,8 7,932,832

$15,2 5, 09, 59$1 ,909,785,600

$13,826,836,816

2002 7.37%

2003 2.0 %

200 - . 9%

2005 -1.87%

2006 0.82%

2007 3.8 %

2008 10.

5%

2009 2.68%

2010 -2.2%

2011 -7.26%

ESTIMATED


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C-FB ISD Board MeetingJune 3, 2010

General Fund

evenueOriginal Budget roposed Budget Increase ercentage ercent

2009-2010 2010-2011 (Decrease) Change of otal

Assessed Valuation 1 , 0 , , 00 13, 2 , 3 , 1 ( 1,0 2, , ) - 2Tax Rate - Compression rate of 66.67% $1.00 $1.00 $0.00 0.00%

Tax Rate - Above Compression rate $0.04 $0.04 $0.00 0.00%otal ax ate $1.04 $1.04 $0.00 0.00%

Shrinkage Factor 98.00% 97.00% -1.00% -1.02%

Estimated evenue

Tax Revenue $1.00/$100 Valuation $146,123,20 $134,127,023 ($11,996,182) -8.21% 62.34%Tax Revenue @ $0.04/$100 Valuation $ ,837,330 $ ,3 8,107 ($479,223) -8.21% 2.49%

Taxes, Prior Year, Penalty & Interest $113,740 $100,000 ($13,740) -12.08% 0.0 %Sub-Total Tax $1 2,074,275 $139,585,130 ($12,489,145) -8.21% 64.88%

Other Local $1,946,331 $1,317,070 ($629,261) -32.33% 0.61%Total Local $154 ,020,606 $140,902,200 ($13,118,406) -8.52% 65.49%

State

Formula $42,827,759 $56,111,527 $13,283,768 31.02% 26.08%State Federal Stabilization $7,560,425 $8,138,538 $578,113 7.65% 3.78%

Disciplinary Alternative Ed $25

,000 $25

,000 $0 0.00% 0.01%TRS On-Behalf $9,665,256 $9,660,366 ($4,890) -0.05% 4.49%

Total State $60,078,440 $73,935,431 $13,856,991 23.06% 34.37%

Federal $200,000 $300,000 $100,000 50.00% 0.14%

Total Federal $200,000 $300,000 $100,000 50.00% 0.14%

Total Revenue $214,299,046 $215,137,631 $838,585 0.39% 100.00%


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ExpendituresExpenditures


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Expenditures

The Majority of theExpenditures are forPAYROLL

83% If Exclude

Tax Increment Finance Zone

Raise

2.5 200 -10 Actual Pay Approximately 3.4 million $1,14 min; $1,255 average

(187 day teacher)


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PAYROLL & B N FITSComparison 2010-11 Budget Model to

Original 2009-10 Budget

$172,410,000

$172,016,712

$0

$50,00

0,00

0

$100

,000

,000

$150

,000

,000

$200

,000

,000

2010-11 2009-10


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Comparison 2010-11 Budget Model to

Original 2009-10 Budgetxcluding Payroll

TIF

Purchased Services

tilities

Supplies Materials

Bus Transportation

ther perating

Capital utlay

$0

$5,000

,000

$10,000

,000

$15,000

,000

$20,000

,000

TIF Pur chased Services

tilities Supplies

Materials Bus Transportation

ther

perating Capital

utlay

$16,100,000 $10,233,010 $8,532,050 $8,858,2 0 $3,230,000 $3,0 6,061 $4 0,508

$14,1 1,000 $10,477,113 $9,237,650 $10,095,362 $3,200,000 $3,038,903 $247,258

2010-112009-10

2010-11

2009-10


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Fund BalanceFund Balance


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GENERAL FUND - FUND BALANCEand PERCENTAGE of ACTUAL EXPENDITURES

Excluding Tax Increment Finance Zone & Chapter 41 Paymentsin $1,000's of dollars (*Estimated)

$0$10

,000$

20,000

$30,000$

40,000$5

0,000$

60,000$

70,000

2002 2003 2004 2005 2006 2007 2008 2009 *2010 *2011$48,641 $47,424 $49,568 $53,215 $55,456 $65,014 $62,489 $63,047 $63,047 $55,234

30.68% 29.57% 30.27% 32.65% 32.15% 35.70% 31.42% 31.42% 30.27% 26.70%

112 108 110 119 117 130 115 115 110 97

G

l

% Tl

t

s

r

ti


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Estimated

TaxRates

Estimated

TaxRates


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Public

Hearing

Public

Hearing


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Public Hearing for the Proposed2010-2011 Budget and TaxRate

Scheduled for August 12, 2010

7 pm

Board Room of the

Administration Building


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Other

Information

Other

Information


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Other Information (Source-Region TenSchool Finance Conference)

Future oo ing Blea State Deficit $18-$20 Billion

Shortfall current Biennium Business Tax $4-$5 Billion short of

pro ections

Sales Tax evenue down fromestimates $1.3 Billion for 2010 State Enrollment continues to row

estimated cost $2 Billion ear

$3 Billion re uired to replace

Sta ilization Funds Statewide Property alues down forthe first time since the 80s

Was the source of revenue to pay forenrollment growth in the past


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Other Information continued

Pro a ly e another awsuit against theState Target Revenue does not provide e ual

access to State and Local Dollars Late Summer-Early Fall before Legislative

Session

ew Census data will trigger redistricting May re uire a Special Session toresolve House and SenateRedistricting

se of ainy Day Funds re uires a 60vote for approval in the ouse

School Districts part of the Deficit estimatedat $6 Billion


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Tremendous interest in School District FundBalances Ability to weather the storm

State Accounting Manipulations ther Defer July and August School District

payments to September Proration (i.e. loss forever) portions of

the Additional State Aid forTaxReduction (ASATR)

C-FB TotalASATR Estimate $38 million for 2010-2011

Increase TRS tax on Health care(currently Gross salary times $0.0055)


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ew Battle CryDont Balance the

State Deficit on the

acks of theStudents


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2010-2011

Budget

2010-2011

Budget

budget presentation for board meeting june 3, 2010

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