Madison City Schools

2015 Budget

FY 2015 Proposed Budget2nd Public HearingSeptember 9, 2014

Madison City 2015 Madison City 2015 Budget ObjectiveBudget Objective

Maintain pupil/teacher ratiosControl expenses

◦Justify requestMaintain adequate fund reserves

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Highlights FY 2015 BudgetHighlights FY 2015 Budget

System ADM – Arrears by 178.37 (funding purposes). System ADM - Current Year Increased by 150.00. Funded Teacher Units – Increased by 10.32. PEEHIP – Increased by $792.00 per employee/annually. 74.16 Operating Days of Fund Balance. Salaries and Benefits – General Fund – 78.86% of Budget A 2% growth of Local General Fund Revenues covers a

150.00 System ADM increase (unfunded). At this point the budgeted Expenditure are just slightly greater than Revenues - $35,127.42.

Debt Service Fund – No relief from Debt Payments until 2028. No new revenue source to allow for additional Capital Projects. Restructuring of current debt a possibility.

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Per Pupil Expenditure - 2013Per Pupil Expenditure - 2013School System ADM

Total Expenditures PPE Rank

Pickens County 2,733.60 24,698,464 9,035 40

Trussville City 4,232.60 38,181,515 9,021 41

Ozark City 2,281.90 20,579,605 9,019 42

Choctaw County 1,702.70 15,269,735 8,968 43

Marshall County 5,616.45 50,342,731 8,963 44

Scottsboro City 2,626.15 23,439,377 8,925 45

Boaz City 2,135.85 19,002,793 8,897 46

Franklin County 3,148.85 28,008,731 8,895 47

Randolph County 2,248.80 19,954,500 8,873 48

Fayette County 2,379.20 21,107,136 8,872 49

Muscle Shoals City 2,827.05 25,061,128 8,865 50

Talladega City 2,350.30 20,819,181 8,858 51

Oxford City 4,105.55 36,323,152 8,847 52

Tuscumbia City 1,481.95 13,110,552 8,847 53

Troy City 2,099.65 18,565,470 8,842 54

Madison City 9,334.35 82,436,752 8,832 55MCS 8,832.00

Average 8,871.00

Min 7,238.00

Max 13,084.00

School System ADMTotal

Expenditures PPE Rank

Lowndes County 1,754.45 22,956,017 13,084 1

Homewood City 3,661.15 46,567,396 12,719 2

Anniston City 2,026.90 23,697,213 11,691 3

Mountain Brook City 4,467.15 52,107,329 11,665 4

Marengo County 1,263.40 14,160,175 11,208 5

Bullock County 1,492.70 16,550,903 11,088 6

Greene County 1,224.50 13,104,990 10,702 7

Hoover City 13,688.75 144,564,183 10,561 8

Conecuh County 1,590.95 16,744,222 10,525 9

Sheffield City 1,077.85 11,326,456 10,508 10

Coosa County 1,147.45 11,988,960 10,448 11

Florence City 4,330.60 44,993,598 10,390 12

Tuscaloosa City 9,869.00 102,300,375 10,366 13

Athens City 3,179.75 32,678,473 10,277 14

Colbert County 2,695.50 27,601,379 10,240 15

BJHS

Student Population 1992-2015Student Population 1992-2015

BJHS Renovation

Discovery Renovation

Heritage Addition

BJHS Addition Stadium

Madison City Schools2014-2015 Budget

EXHIBIT B-I-A

GOVERNMENTAL FIDUCIARY

FUND TYPES SPECIAL DEBT CAPITAL EXPENDABLE TOTAL

DESCRIPTION GENERAL REVENUE SERVICE PROJECTS TRUST (Memo Only)

---------------------------------------- -------------- -------------- -------------- -------------- -------------- --------------

REVENUES STATE REVENUES 47,796,865.00 4,130,498.00 2,505,284.89 90,449.60 0.00 54,523,097.49 FEDERAL REVENUES 327,000.00 4,556,767.00 0.00 0.00 0.00 4,883,767.00 LOCAL REVENUES 29,404,582.00 7,173,620.00 2,675,915.00 8,500.00 1,603,940.00 40,866,557.00 OTHER REVENUES 374,112.20 150,000.00 0.00 0.00 0.00 524,112.20 TOTAL REVENUES 77,902,559.20 16,010,885.00 5,181,199.89 98,949.60 1,603,940.00 100,797,533.69

EXPENDITURES: INSTRUCTIONAL SERVICES 44,079,227.97 6,869,553.20 0.00 0.00 348,555.00 51,297,336.17 INSTRUCTIONAL SUPPORT SERVICES 13,160,385.98 2,762,712.79 0.00 0.00 640,587.00 16,563,685.77 OPERATIONS & MAINTENANCE 8,767,557.00 583,185.00 0.00 0.00 8,850.00 9,359,592.00 AUXILIARY SERVICES 3,596,993.10 5,423,764.47 0.00 1,000,000.00 118,115.00 10,138,872.57 GENERAL ADMINISTRATIVE SERVICES 2,741,001.00 45,883.00 0.00 300.00 0.00 2,787,184.00 CAPITAL OUTLAY 0.00 0.00 0.00 22,299,967.26 0.00 22,299,967.26 DEBT SERVICES 0.00 0.00 9,270,530.33 0.00 0.00 9,270,530.33 OTHER EXPENDITURES 707,742.00 937,064.01 0.00 0.00 144,350.00 1,789,156.01 TOTAL EXPENDITURES 73,052,907.05 16,622,162.47 9,270,530.33 23,300,267.26 1,260,457.00 123,506,324.11

OTHER FUND SOURCES (USES): OTHER FUND SOURCES 458,416.99 2,428,520.77 6,765,245.44 1,000,000.00 46,200.00 10,698,383.20 OTHER FUND USES 5,388,758.56 1,092,638.08 2,610,387.16 0.00 150,039.60 9,241,823.40 TOTAL OTHER FUND SOURCES (USES) (4,930,341.57) 1,335,882.69 4,154,858.28 1,000,000.00 (103,839.60) 1,456,559.80

EXCESS REVENUES & OTHER SOURCESOVER (UNDER) EXPENDITURES & OTHER FUND USES

(80,689.42) 724,605.22 65,527.84 (22,201,317.66) 239,643.40 (21,252,230.62)

BEGINNING FUND BALANCE - OCT 1 16,194,763.57 5,154,152.56 10,324,826.91 25,096,569.67 516,816.84 57,287,129.55

ENDING FUND BALANCE - SEP 30 16,114,074.15 5,878,757.78 10,390,354.75 2,895,252.01 756,460.24 36,034,898.93

Changes to Budget Since 1Changes to Budget Since 1stst Public Hearing Public Hearing

General Fund

Gifted Testing $ 10,000.00

Safety Training $ 2,500.00

Sp. Ed Summer School Transportation $ (16,721.00)

Updated Coordinator Salary – Admin. $ 0.00

Hippy Grant – Increased by $600 $ 0.00

ARI Allocation $ 49,783.00

Net Effect GF – Addition to Expenditures $ 45,562.00

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Changes to Budget Since 1Changes to Budget Since 1stst Public Hearing Public Hearing

Special Revenue Fund

Title I – N & D – Increased by $4,575 $ 0.00

ELL – Decreased by $315 $ 0.00

Title I – Updated Exp. $ 0.00

Net Effect – Special Revenue Fund $ 0.00

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Changes to Budget Since 1Changes to Budget Since 1stst Public Hearing Public Hearing

Capital Projects Fund

BRAC Fund Balance - Revenue $1,500,000.00

BRAC – BJHS Renovation - Expenditure $1,500,000.00

Net Effect – Capital Projects Fund $ 0.00

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Total Proposed Budget Total Proposed Budget FY 15 FY 15

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Proposed General Fund BudgetProposed General Fund BudgetFY 2015FY 2015

Revenue

State $ 47,796,865 Federal $ 327,000 Local $ 29,404,582 Other Uses $ 374,112

TOTAL $77,902,559

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General Fund Salary & Benefits General Fund Salary & Benefits ExpendituresExpenditures

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Salary and Benefit Expenditures $ 61,842,940

   

Other General Fund Expenditures $ 16,598,726

   

Total General Fund Expenditures

$78,441,666

Madison City School's Outstanding Debt

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Fiscal Year Total 2014-2015 $ 9,143,755.13 2015-2016 $ 9,131,077.86 2016-2017 $ 9,126,889.81 2017-2018 $ 9,127,050.57 2018-2019 $ 9,121,826.75 2019-2020 $ 9,158,688.11 2020-2021 $ 9,349,330.63 2021-2022 $ 9,333,397.26 2022-2023 $ 9,336,563.20 2023-2024 $ 10,104,683.33 2024-2025 $ 11,047,875.18 2025-2026 $ 9,160,314.88 2026-2027 $ 9,580,987.56 2027-2028 $ 7,130,124.08 2028-2029 $ 6,658,243.23 2029-2030 $ 6,641,193.42 2030-2031 $ 6,650,302.64 2031-2032 $ 6,649,770.50 2032-2033 $ 6,639,983.26 2033-2034 $ 5,687,298.75 2034-2035 $ 5,689,120.63 2035-2036 $ 5,691,576.88 2036-2037 $ 5,690,851.25 2037-2038 $ 5,691,270.00 2038-2039 $ 5,687,783.75

  TOTAL $ 197,229,958.66

Capital Projects FundCapital Projects Fund $23,300,267 $23,300,267

Bob Jones RenovationSwimming FacilityMES and LMS Parking Lot ResurfacingHVAC at Madison ElementaryCity Stadium BleachersPurchase School Buses

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FY 2015 Proposed Budget 2nd Public HearingSeptember 9, 2014