CTMSBOND & BUDGET DISCUSSIONS

APRIL 26 , 2013

Budget

GCISD Budget General Operating-$141 Million Child Nutrition-$5 Million Debt Service-$31 Million

Building a Budget Campus Allocations-Per Pupil- CTMS $113,495 (2013-

14) Per Pupil ($92)-$68,632 Athletics ($13)-$9,698 Staff Development ($60)-$2,465 Special Programs-$32,700

Budget

Building a Budget Estimate Revenues Estimate Payroll Costs-86% of Budget-$88 Million Estimate Robin Hood Payment-$28 Million

Budget

Revenue Estimates (Money in the Bank) Tax Revenues

Estimated based on tax properties Estimated based on current tax rate

State Revenues Funding decreased during 2011-2012 school year Calculate based on current formulas and projected

student enrollment Federal Revenues

Flood Control Payment

Budget

Revenue Estimates (Money in the Bank) Other Local Revenues

Athletic receipts Tuition Rentals ECDC/KidzU Phone Tower Rentals Participation Fees Interest Parking Fees

Revenues

2012-2013 Rev-enues by Source*

TaxesKidzU/ECDCOther LocalStateFederal

Source Amount %

Taxes $74,508,070 76.90

KidzU/ECDC

2,173,000 2.24

Other Local 3,988,437 4.12

State 14,119,423 14.57

Federal 2,100,000 2.17

TOTAL $96,888,930

* Excludes TIF ($8,000,000) and Recapture ($28,020,876)

Budget

Expenditure Estimates (Money out of the Bank) Payroll Supplies & Materials Utilities Insurance Other

Expenditures

Function Amount %

Instruction $66,552,787 63.11

Instructional Leadership

7,892,350 7.48

Student Support 5,883,998 5.58

Transportation 2,236,185 2.12

Extra-Curricular 2,806,025 2.66

Central Admin/Data Proc

3,981,611 3.78

Facilities/Security 13,237,372 12.55

KidzU 1,977,933 1.88

Intergovernmental 881,373 .84

TOTAL $105,449,634

2012-2013 Expen-ditures

By Function*Instruction

Instructional Leadership

Student Support

Transportation

Extra-Curricular

Central Admin/Data

Facilities/Security

KidzU

Intergovernmental

* Excludes TIF ($8,000,000) and Recapture ($28,020,876)

Expenditures

Object Amount %

Payroll $89,778,448 85.14

Contracted Service 9,605,615 9.11

Supplies 3,707,453 3.52

Other 1,762,726 1.67

Capital Outlay 595,392 .56

TOTAL $105,449,634

2012-2013 Expen-ditures By Object*

PayrollContracted ServiceSuppliesOtherCapital Out-lay

GCISD Current Budget & Projections

2010-11 2011-12 2012-13 2013-14 2014-15 2015-16Actual Actual Projected Projected Projected Projected

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

#REF!

Revenues

Fund Balance

Fund Bal-ance Target

Projections through 2015-2016 Under Current Law

Different Pots of Money

General Operating Fund Pay for everyday costs to run a school Pay for teachers and supplies

Debt Service Fund Pay our loans off

Construction Fund Pay for construction costs

Different Pots of Money

HOW DOES THE MONEY GET INTO EACH POT!!

Maintenance & Operations

Interest & Sinking

$.2801 Keep 100% in GCISD

Tax Rate

$1.0430% Goes to State

School Finance 101

2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

M&O 1.44105 1.45105 1.471 1.471 1.3243 1.04 1.04 1.04 1.04 1.04 1.04

I&S 0.21874 0.25 0.229 0.229 0.25 0.25 0.25 0.25 0.25 0.27 0.2801

$0.8500

$0.9500

$1.0500

$1.1500

$1.2500

$1.3500

$1.4500

$1.5500

$1.6500

$1.7500

2011 Bond Election Process

Community survey Will anybody vote for it?

Facility assessment What do we need?

Campus demographics and enrollment projections Do we need more space?

Wish lists submitted by campuses & departments

2011 Bond Election Process

Form Bond Planning Committee (BPC)-52 Members Teachers Community members Librarians Coaches Principals/Asst Principals Nurses Parents

2011 Bond Election Process

BPC Subdivided into smaller groups Elementary Secondary Technology Sports Facilities Furniture & Equipment

BPC Review Determine which projects to keep or eliminate Look at all costs Determine how much money to ask for

BPC makes final recommendation to the Board of Trustees

2011 Bond Election Process

BPC makes final recommendation to the Board of Trustees

Board calls a bond election February 2011 $124.5 Million

Bond Election May 14, 2011 Voters approved by more than 2:1

Bond Projects

GCISD Website 2011 Bond Program Resources 2011 Bond Election Website Bond Proposal

List of Projects and Costs Tax rate analysis for public

3.93 cent increase communicated 3.05 cent actual increase

PSA: School Finance & Bond Election Reminders

School Administration may not campaign Can only give facts

Political Action Committee (PAC) Campaign for the bond election

PSA: School Finance & Bond Election Reminders

Due to State Funding Cuts General Fund revenues no longer exceed expenditures

In GCISD, we keep 100% of bond funds

We like cool buildings and technology for our students

PSA: School Finance & Bond Election Reminders

Property values will continue to increase

People will want to buy houses in our district

Taxes will not increase for those over 65

Facility will help generate funds for the General Fund Rentals Corporate Sponsorships (Naming Rights)