sdp five-year financial plan 2015-2019

8/10/2019 SDP Five-year Financial Plan 2015-2019

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FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19 Compounded Annual

5 Year Plan Projected Projected Projected Projected Growth Rate

(12/2014) (12/2014) (12/2014) (12/2014) (12/2014) FY14-15 to FY18-19REVENUES & OTHER FINANCING SOURCES

Local Tax Revenues $1,079,035 $1,113,748 $1,134,704 $1,158,852 $1,184,396 2.4%

Local Non-Tax Revenues $135,773 $105,773 $105,773 $105,073 $105,073 -6.2%

State Revenues $1,373,469 $1,396,414 $1,414,771 $1,421,413 $1,428,991 1.0%

Federal Revenues $11,258 $11,258 $11,258 $11,258 $11,259 0.0%

Other Financing Sources $18,977 $3,989 $3,989 $3,989 $3,989 -32.3%

TOTAL REVENUES & OTHER FINANCING SOURCES $2,618,512 $2,631,181 $2,670,495 $2,700,585 $2,733,708 1.1%

$13 $12,669 $51,983 $82,073 $115,196

EXPENDITURES

District Operated Schools

Dis tric t Operated Sc hools - Ins truc tional $998, 507 $1,027, 421 $1,055,770 $1,069,917 $1,086,206 2.1%

District Operated Schools - Instructional Support $7,130 $7,308.38 $7,483 $7,608 $7,738 2.1%

District Operated Schools - Pupil/Family Support $74,235 $76,606.83 $78,733 $79,833 $81,011 2.2%

Dis tric t Operated Sc hools - Operati ng Support $325, 906 $336,613.64 $352, 151 $364, 095 $376,480 3.7%

District Operated Schools - Labor Savings ($14, 315) ($48, 546) ($50,752) ($53,401) ($56,553) 41.0%

Total District Operated Schools $1,391,463 $1,399,404 $1,443,386 $1,468,052 $1,494,882 1.8%

Non-District Operated Schools

Charter Schools $727,949 $769,250 $798,077 $834,111 $864,976 4.4%

Charter Schools Transportation $36,608 $37,594 $38,157 $38,787 $39,320 1.8%

Other Non-District Operated Schools $87,218 $88,090 $88,970 $89,859 $90,757 1.0%

Non-District Operated Schools Transportation $20,775 $21,139 $21,510 $21,890 $22,279 1.8%

Total Non-District Operated Schools $872,551 $916,072 $946,714 $984,648 $1,017,332 3.9%

Debt Service $276,533 $281,918 $290,303 $296,050 $304,501 2.4%

Administrative Support Opera tions (Central Offices)

Administ rat ive Support Operat ions (Cent ral Offi ces ) $72,438 $74,540 $76,616 $77,837 $79,125 2.2%

Administrative Labor Savings ($173) ($586) ($614) ($647) ($687) 41.2%

Total Administrative Support Operations (Central Offices) $72,265 $73,954 $76,002 $77,190 $78,438 2.1%

Undistributed Budgetary Adjustments ($9,122) ($9,686) ($9,679) ($9,671) ($9,664) 1.5%

TOTAL EXPENDITURES $2,603,691 $2,661,663 $2,746,727 $2,816,269 $2,885,489 2.6%

REVENUE ENHANCEMENT /

EXPENDITURE REDUCTIONSFY15-19 Cumulative

Revenues/Reductions

Additional Revenues / Expenditure Reductions $0 $30,482 $76,232 $115,684 $151,782 $374,179

OPERATING/FUND BALANCE

Operating S urplus/(Deficit) $14,821 $0 $0 $0 $0

Transfers from Reserves $0 $0 $0 $0 $0

Fund Balance at Beginning of Year - July 1 ($14,821) $0 $0 $0 $0

ENDING FUND BALANCE

Fund Balance at End of Year - June 30 $0 $0 $0 $0 $0

FY2015-FY2019 FIVE YEAR FINANCIAL PLAN

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FEEA FACA A AFA

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5 Year Plan Projected Projected Projected Projected Growth Rate

(12/2014) (12/2014) (12/2014) (12/2014) (12/2014) FY14-15 to FY18-19

REVENUES & OTHER FINANCING SOURCES

Local Tax Revenues $1,079,035 $1,113,748 $1,134,704 $1,158,852 $1,184,396 2.4%

Local Non-Tax Revenues $135,773 $208,737 $284,724 $346,233 $409,422 31.8%State Revenues $1,373,469 $1,636,045 $1,812,502 $1,947,640 $2,085,569 11.0%

Federal Revenues $11,258 $11,258 $11,258 $11,258 $11,259 0.0%

Other Financing Sources $18,977 $3,989 $3,989 $3,989 $3,989 -32.3%

TOTAL REVENUES & OTHER FINANCING SOURCES $2,618,512 $2,973,777 $3,247,176 $3,467,971 $3,694,635 9.0%

EXPENDITURES

District Operated Schools

District Operated Schools - Instructional $998,507 $1,248,213 $1,321,435 $1,375,863 $1,443,573 9.7%

District Operated Schools - Instructional Support $7,130 $23,629 $24,259 $24,308 $24,332 35.9%

District Operated Schools - Pupil/Family Support $74,235 $113,110 $115,911 $117,229 $119,019 12.5%

District Operated Schools - Operating Support $325,906 $354,194 $370,183 $382,365 $395,007 4.9%

District Operated Schools - Labor Savings ($14,315) ($48,546) ($50,752) ($53,401) ($56,553) 41.0%

Total District Operated Schools $1,391,463 $1,690,600 $1,781,037 $1,846,365 $1,925,378 8.5%

Non-District Operate d Schools

Charter Schools $727,949 $773,472 $942,587 $1,087,887 $1,222,607 13.8%

Charter Schools Transportation $36,608 $37,745 $38,332 $39,952 $41,602 3.2%Other Non-District Operated Schools $87,218 $88,090 $88,970 $89,859 $90,757 1.0%

Non-District Operated Schools Transportation $20,775 $21,139 $21,510 $21,890 $22,279 1.8%

Total Non-District Operated Schools $872,551 $920,445 $1,091,399 $1,239,589 $1,377,245 12.1%

Debt Service $276,533 $281,918 $290,303 $296,050 $304,501 2.4%

Administrative Support Operations (Central Offices)

Administrative Support Operations (Central Offices) $72,438 $91,086 $94,730 $96,285 $97,860 7.8%

Administrative Labor Savings ($173) ($586) ($614) ($647) ($687) 41.2%

Total Administrative Support Operations (Central Offices) $72,265 $90,500 $94,116 $95,638 $97,174 7.6%

Undistributed Budgeta ry Adjustments ($9,122) ($9,686) ($9,679) ($9,671) ($9,664) 1.5%

TOTAL EXPENDITURES $2,603,691 $2,973,777 $3,247,176 $3,467,971 $3,694,635 9.1%

OPERATING/FUND BALANCE

Operating Surplus/(Deficit) $14,821 $0 $0 $0 $0Transfers from Reserves $0 $0 $0 $0 $0

Fund Balance at Beginning of Year - July 1 ($14,821) $0 $0 $0 $0

Fund Balance at End of Year - June 30 $0 $0 $0 $0 $0


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School Type

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Enrollment

FY15 Budget FY15 Budget with Investments New Investments

$5,400,000 $7,000,000 $1,600,000

FTE Total Spend

Assistant Principal 1 $160,800

Teachers for Gifted/Art 2 $236,000

Reading Specialist 2 $236,000

Math Specialist 2 $236,000

Counselor 2 $236,000

Climate Specialist 1 $118,000

Noon-Time Aides 3 $27,900

Credit Recovery Program $100,000Professional Development $75,000

Family Engagement $50,000

Books and Materials $100,000

Technology $24,300

Total $1,600,000

School Information:

- Increased opportunities for advanced learning, such as advanced placement, dual enrollment, and gifted education

- Increased opportunities to engage in art, music, and extracurricular activities

- Students are well prepared to excel in college and career

- Students requiring additional supports, such as ELL students, special education students, and students scoring below basic, receive the

additional services needed to improve academically

High School

Neighborhood

Intervene

700

Budget Information:

- Books, Materials, Supplies, Technology

Examples of Spend:

- Operations Personnel: Assistant Principals, Secretaries, School Operations Officers

- Instructional Personnel: Teachers, Reading Specialists, Math Specialists

- Support Personnel: Counselors, Nurses, Librarians, Classroom Assistants, Noon-time Aides, Police- Professional Development

- Extra Curricular Time, Extended Day

- Climate / Instructional Programs

- School fosters a safe climate and provides students with appropriate health and counseling services

- Families are engaged in their children's educational success

- Staff are engaged in and benefit from effective professional development related to improving student instruction and school climate

- Students have individualized academic plans based on data / assessments

- Schools operate with enough resources to provide great customer service

Options for Spend:

Expectations:

Investments: Sample High Schools

Below is an example of how a principal may choose to spend additional funding. This is merely an example as principals, with guidance

from their ass istant superintendents, will have autonomy on how to most effectively allocate the additional funds in order to improve student

learning.

- Increased graduation rate

- Improved student retention and decreased drop-out rate


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AED C: FEEA FACA A ADEAE A

FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19 Compounded Annua l5 Year Plan Projected Projected Projected Projected Growth Rate

(12/2014) (12/2014) (12/2014) (12/2014) (12/2014) FY14-15 to FY18-19

REVENUES

Local Sources:

Total Taxes $1,079,035 $1,113,748 $1,134,704 $1,158,852 $1,184,396 2.4%

Non-Tax Revenues $135,773 $105,773 $105,773 $105,073 $105,073 -6.2%

Total Local Sources $1,214,808 $1,219,521 $1,240,477 $1,263,925 $1,289,469 1.5%

State Subsidies:

Gross Basic Education Subsidy $984,001 $984,001 $984,001 $984,001 $984,001 0.0%

Less: Reimbursement of Prior Year I.U. Adanvces ($47,750) ($50,083) ($53,017) ($55,652) ($58,418) 5.2%

Net Basic Education Subsidy $936,251 $933,918 $930,984 $928,349 $925,583 -0.3%

Debt Service Reimbursement $11,636 $12,138 $12,126 $12,126 $12,558 1.9%

School District Special Education $136,307 $136,307 $136,307 $136,307 $136,307 0.0%

Other $226,921 $248,598 $266,648 $272,511 $278,838 5.3%

I.U. Advances $62,354 $65,453 $68,706 $72,121 $75,705 5.0%

Total State Subsidies $1,373,469 $1,396,414 $1,414,771 $1,421,413 $1,428,991 1.0%

Federal:

Non-Categorical $11,258 $11,258 $11,258 $11,258 $11,259 0.0%

Total Federal $11,258 $11,258 $11,258 $11,258 $11,259 0.0%

Total Other Financing Sources $18,977 $3,989 $3,989 $3,989 $3,989 -32.3%

TOTAL REVENUES AND OTHER FINANCING SOURCES $2,618,512 $2,631,181 $2,670,495 $2,700,585 $2,733,708 1.1%

EXPENDITURES

Personal Services:

Salaries & Wages $750,263 $746,029 $747,053 $745,995 $745,207 -0.2%

Employee Benefits $489,644 $495,912 $533,312 $552,286 $572,605 4.0%

Total Personal Services $1,239,907 $1,241,942 $1,280,365 $1,298,282 $1,317,812 1.5%

Professional/Technical Services $38,098 $40,050 $42,048 $43,296 $44,667 4.1%

Utilities $57,759 $57,388 $58,330 $60,133 $62,191 1.9%

Books, Supplies & Equipment $35,040 $35,404 $35,801 $36,234 $36,706 1.2%Debt Service $276,533 $281,918 $290,303 $296,050 $304,501 2.4%

Non-Public Schools Services $13,693 $13,830 $13,969 $14,109 $14,250 1.0%

Charter Schools $727,949 $769,250 $798,077 $834,111 $864,976 4.4%

Property/Transportation/Communication $124,130 $126,060 $127,589 $129,207 $130,750 1.3%

Payments to Other Educational Entities & Alternative Programs $92,507 $93,660 $94,830 $96,017 $97,220 1.3%

Other ($1,925) $2,161 $5,415 $8,830 $12,415 N/A

TOTAL EXPENDITURES & OTHER FINANCING USES $2,603,691 $2,661,663 $2,746,727 $2,816,269 $2,885,489 2.6%

Excess (Deficiency) Revenues and Proceeds Over (Under)

Expenditures and Other Uses$14,821 ($30,482) ($76,232) ($115,684) ($151,782)

Fund Balance (Deficit) July 1 ($14,821) $0 $0 $0 $0

Changes in Reserve & Designations $0 $0 $0 $0 $0

REVENUE ENHANCEMENS /

EXPENDITURE REDUCTIONS

FY15-19 Cumulative

Revenues/Reductions

Additional Revenues / Expenditure Reductions $0 $30,482 $76,232 $115,684 $151,782 $374,179

Fund Balance (Deficit) June 30 $0 $0 $0 $0 $0


Operating Funds

(in thousands)

sdp five-year financial plan 2015-2019

Documents