update on 2013-14 finances & 2014-2015 budget process march 17, 2014 update on 2013-14 finances...

Update on 2013-14 Finances &2014-2015 Budget Process

March 17, 2014

7.0% Assessed Value Growth Enrollment Growth of 1,460 Students - 2.1% TRS Supplement (one-time) $4.6M

ONGOING REVENUE ASSUMPTIONS

7.0% Assessed Value Growth Enrollment - PASA “most likely” estimate (1.8 to 2.0%) 2.0% to 3.0% Growth for Other Income No new State revenue

2Source: FBISD Finance

2014-15 BUDGET ASSUMPTIONS

-3.0%

-1.0%

1.0%

3.0%

5.0%

7.0%

9.0%

11.0%

13.0%

15.0%

Annual Growth/(Decline) Net Assessed Property Value 1994 - 2014


Average Student Enrollment

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E

55,000

57,000

59,000

61,000

63,000

65,000

67,000

69,000

71,000

73,000

75,000

59,217

61,011

62,657

65,92766,792

67,78068,507

69,066 68,710 68,96469,588

70,857

72,317

4Source: FBISD Finance & District Demographer

Average Student Enrollment

2009 2010 2011 2012 2013 2014 2015 2016 2017 201855,000

60,000

65,000

70,000

75,000

80,000

68,507 69,066 68,710 68,96469,588

70,85772,317

73,70875,066

76,482

5Source: FBISD Finance & District Demographer

Source: FBISD Finance 6

2013-14 2014-15 2015-16 2016-17 2017-18($M's) Projection Projection Projection Projection ProjectionLocal 285.3$ 303.3$ 323.0$ 344.2$ 366.9$ State 244.9$ 250.2$ 238.3$ 228.0$ 216.7$ Federal 6.3$ 6.4$ 6.5$ 6.6$ 6.8$

Total 536.5$ 559.9$ 567.8$ 578.9$ 590.4$ Increase $ 49.6$ 23.4$ 7.9$ 11.1$ 11.5$ Increase % 10.2% 4.4% 1.4% 2.0% 2.0%

Revenue by SourcePreliminary

73 Teachers for Enrollment Growth - $4.2M New TRS Supplement (ongoing) - $5.0M 3% Increase in Non-Staff Expenses - $2.0M No Other Investments Shown at This Time

ONGOING EXPENDITURE ASSUMPTIONS

2% Increase in Payroll (combination new teachers and salary increases)

2% Increase in Non-Staff Expenses Administration will Manage with Goal of Balanced Budgets


2014-15 EXPENDITURE ASSUMPTIONS

Source: FBISD Finance

Expenditures by Object Code

8

2013-14 2014-15 2015-16 2016-17 2017-18($M's) Projection Projection Projection Projection ProjectionPayroll Costs (61XX) 427.7$ 439.1$ 447.9$ 456.8$ 466.0$ Prof. & Cntr. Serv.(62XX) 18.7 19.2 19.6 20.0 20.4 Supp. & Mat. (63XX) 35.8 36.7 37.4 38.2 39.0 Other Oper. Costs (64XX) 10.3 10.6 10.8 11.0 11.2 Capital Outlay (66XX) 5.1 2.4 2.4 2.5 2.5 Operating Expenditures 497.5$ 507.9$ 518.1$ 528.5$ 539.0$ -$ -$ -$ -$ -$

Other Uses 10.2$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Total Expenditures 507.7$ 507.9$ 518.1$ 528.5$ 539.0$

Increase $ 37.2$ 0.3$ 10.2$ 10.4$ 10.6$ Increase % 7.9% 0.1% 2.0% 2.0% 2.0%

Preliminary

Source: FBISD Finance 9

Funds AvailablePreliminary

2013-14 2014-15 2015-16 2016-17 2017-18($M's) Projection Projection Projection Projection Projection

Revenue 536.5$ 559.9$ 567.5$ 578.4$ 589.6$ Increase $ 49.6$ 23.4$ 7.6$ 10.9$ 11.3$ Increase % 10.2% 4.4% 1.4% 1.9% 1.9%

Expenditures 507.7$ 507.9$ 518.1$ 528.5$ 539.0$ Increase $ 37.2$ 0.3$ 10.2$ 10.4$ 10.6$ Increase % 7.9% 0.1% 2.0% 2.0% 2.0%

Surplus 28.8$ 51.9$ 49.4$ 49.9$ 50.6$

10

State Peers

Cypress-FairbanksNorthsideNorth EastKatyPlanoConroeLewisvilleKleinRound Rock EDS = Economically Disadvantaged Students

Fort Bend ISD 2013: Enrollment = 69,123EDS% = 38.6%

State Peers Parameters: 2013Enrollment = 45,000 - 109,000 EDS% = 27.5% - 53.5%

11

2004 2005 2006 2007 2008 2009 2010 2011 2012 20138.0

9.0

10.0

11.0

12.0

13.0

14.0

15.0

16.0

17.0

18.0

14.7

17.0

16.015.4

13.7

15.3

10.811.3

14.0

12.6

Student/TeacherSource: FBISD Finance

FBISD Teacher Turnover

12

Cy-Fair

Northsid

e

North East Katy

Plano

Conroe

Lewisv

ille Klein

Round Rock

Fort

Bend10.0

10.5

11.0

11.5

12.0

12.5

13.0

13.5

14.0

12.0

10.811.1

13.2

11.1

11.9

13.5

12.112.5 12.6


Teacher Turnover 2013 State Peers

13

Beginning; 3.8%

1-5 Years Experience; 23.8%

6-10 Year

s Ex-pe-ri-

ence;

27.4%

11-20 Years Experience; 29.2%

Over 20 Year

s Ex-pe-ri-

ence;

15.8%


FBISD Teacher Experience


FBISD Teacher Turnover

6 to 10 years25%

0 to 5 years52%

11 to 15 (years)12%

21 to 25 years3%

16 to 20 years4%

25+ years4% Teacher Turnover

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 46,000

48,000

50,000

52,000

54,000

56,000

58,000

60,000

62,000

64,000

Katy ISD

Lamar CISD

Cy-fair ISD

Fort Bend ISD

15Source: FBISD Finance & District Websites

2013-2014 Teacher Pay

Low Teacher Pay Compared to Peers High Teacher Turnover Compared to Peers Equity Issues Not Addressed By TASB Study Stipend Recommendations Not Implemented


2013-14 Compensation Issues

$50,000 Starting Pay Percentage Increase Ranges from 4.0% to 8.6% (5.8% avg.) Salary Increase Ranges from $2,214 to $4,147 ($3,018 avg.) Teacher Salary Leader through Year 14 on Scale Proposed pay increase of 4% of midpoint for non-teaching

employees Cost of $14.1M for Teachers & $5.4M for Others = $19.5M


2014-15 Proposed Teacher Pay Scale & General Increase

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 46,000

48,000

50,000

52,000

54,000

56,000

58,000

60,000

62,000

64,000

FBISD 2014-15

FBISD 2013-14


Proposed 2014-15 FBISD Teacher Pay

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 46,000

48,000

50,000

52,000

54,000

56,000

58,000

60,000

62,000

64,000

Katy ISD

Lamar CISD

Cy-fair ISD

Fort Bend ISD


2014-2015 Teacher Pay Scenarios

Katy +3%Lamar +3%Cy-Fair also at $50K +$2K on scale (4.7%)

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 46,000

48,000

50,000

52,000

54,000

56,000

58,000

60,000

62,000

64,000

Katy ISD

Lamar CISD

Cy-fair ISD

Fort Bend ISD


2014-2015 Teacher Pay Scenarios

Katy +4%Lamar +4%Cy-Fair also at $50K +$2K on scale (4.7%)

Approve proposed pay plan by April 7th

Address select compensation issues identified by TASB Consider signing bonuses for campus professionals and hard

to fill positions


2014-15 Compensation

Math Specialists at All Campuses Salary Increase (including stipends, equity adjustments) Testing Coordinators/Facilitators Tech Support at All Campuses (Instructional & Troubleshoot) Dedicated Instructional Coaches at All Campuses Special Education Support (ARD Facilitators – campus based) Smaller Classes at All Levels Updated Technology – Hardware (all kinds) & support Library Funding (Aides & Books) Incentives for Working in Low Performing Schools 22Source: FBISD Finance

2014-15 Budget Committees – Top Priorities

March 31 – Board Budget Workshop Staffing & Compensation Recommendation

April 7 – Special Called Board Meeting Action on Staffing & Compensation Recommendation


2014-15 Budget Calendar – Key Upcoming Dates

Fort Bend Independent School District

update on 2013-14 finances & 2014-2015 budget process march 17, 2014 update on 2013-14 finances...

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