Budget Development and Funding Highlights 2017-2018
Explore the development and funding highlights of the 2017-2018 budget, including state funding amendments and personnel cost projections. Learn about changes in revenue categories and teacher pay scales for the upcoming fiscal year.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
2017-2018 Budget Development February 14, 2017
Developing the 2017-18 Budget Preliminary General Fund Operating Revenue 1 February 14, 2017 As of 12/20/16: PRELIMINARY BUDGET FY 2017-18 ADOPTED BUDGET FY 2016-17 BUDGET TO BUDGET $ CHANGE REVENUE CATEGORY STATE STATE SALES TAX OTHER REVENUE TOTAL NON-CITY 67,132,423 14,936,781 2,200,000 84,269,204 69,585,637 15,129,556 2,200,000 86,915,193 2,453,214 192,775 0 2,645,989 CITY FUNDS TOTAL OPERATING REVENUE 80,402,800 164,672,004 79,409,800 166,324,993 (993,000) 1,652,989
Developing the 2017-18 Budget State Funding 2 February 14, 2017 Highlights of General Assembly Proposed Budget Amendments, as presented February 5, 2017 Senate Finance Committee Replaces funding for a 1.5% bonus included in the Governor s proposed amendments with funding for the state s share of a 2% raise for SOQ positions $6.9 Million in assistance for school divisions that experience enrollment loss of 1.5% or more compared to FY 2016. Approves most targeted reductions from the Governor s introduced budget plus additional prudent trimming of a few programs. Approximate Overall Impact on RCPS: ($20,000)
Developing the 2017-18 Budget State Funding 3 February 14, 2017 Highlights of General Assembly Proposed Budget Amendments, as presented February 5, 2017 House Appropriations Committee Recommendations are designed to provide greater flexibility to school divisions. Instead of a 1.5% bonus, Increase the Lottery Per Pupil Amount from $225.25 to $313.50 and allow divisions to use all for recurring costs. $9 million for 10/10/10 Plan to provide financial assistance to divisions with an ADA below 10,000, and a decline of 10% or more in membership measured over 10 years (FY06 FY16). Approximate Overall Impact on RCPS: $60,000
Developing the 2017-18 Budget Personnel Costs 4 February 14, 2017 Year-Over-Year Change (Projected 2017-18 versus 2016-17 Adopted Budget) Step Increase $1.40 Million Benefits that are a percent of Salary $1.68 Million Health Benefits ($1.57 Million) High School Position Shifts (Net) ($240,000) RCPS+ Increased Grant Funding ($540,000) Total Increase $0.73 Million
Developing the 2017-18 Budget Teacher Pay Scale Compared to Pool 5 February 14, 2017
Developing the 2017-18 Budget Teacher Pay Scale Starting Salary 6 February 14, 2017 RCPS 2017-18 Proposed Pool Average 2016-17 RCPS 2016-17 RCPS 2015-16 New Starting Salary: $40,073
Developing the 2017-18 Budget Non-personnel Expenditures 7 February 14, 2017 Currently we are working to keep our non-personnel budget level with, if not below, the 2016-17 budget. Anticipated General Fund Budget changes include: 2017-18 Compared to 2016-17 Budget Debt Service Utilities Textbooks Health Services RCPS+ Grant Funding TOTAL ($486,000) $134,000 $219,000 $120,000 ($10,000) ($23,000)
Developing the 2017-18 Budget Summary 8 February 14, 2017 Expected Revenue Increase $1,652,989 Less: Additional Personnel/Benefit Costs $730,000 Less: Additional Non-Personnel Costs $0 Variance (added Use of Fund Balance) $922,989 2016-17 Budgeted Use of Fund Balance: $7,995,034 Updated Estimate (as reported 2/14/2017): $4,400,000
Developing the 2017-18 Budget Preliminary Categorical Budget 9 February 14, 2017 PROPOSED BUDGET FY 2017-18 BUDGET TO BUDGET $ CHANGE BUDGET TO BUDGET % CHANGE ACTUAL FY 2013-14 ACTUAL FY 2014-15 ACTUAL FY 2015-16 BUDGET FY 2016-17 REVENUE CATEGORY STATE STATE SALES TAX OTHER REVENUE TOTAL NON-CITY 58,982,173 12,750,612 5,661,290 77,394,075 64,272,062 13,917,928 6,749,501 84,939,491 61,543,624 14,390,767 1,096,921 77,031,312 67,132,423 14,936,781 2,200,000 84,269,204 69,585,637 15,129,556 2,200,000 86,915,193 2,453,214 192,775 0 2,645,989 3.65% 1.29% 0.00% 3.14% CITY FUNDS TOTAL OPERATING REVENUE 74,165,273 151,559,348 76,437,785 161,377,276 79,354,317 156,385,629 80,402,800 164,672,004 79,409,800 166,324,993 (993,000) 1,652,989 -1.24% 1.00% TOTAL ATHLETICS REVENUE 171,605 186,764 178,252 190,000 190,000 0 0.00% INTERFUND TRANSFER FROM FOOD SERVICE TOTAL GENERAL FUND BEFORE USE OF FUND BALANCE FUNDS REQUIRED FROM FUND BALANCE TOTAL GENERAL FUND 300,000 152,030,953 5,348,547 157,379,500 300,000 161,864,040 5,659,600 167,523,640 300,000 156,863,881 86,296 156,950,177 300,000 165,162,004 7,995,034 173,157,038 300,000 166,814,993 7,058,366 173,873,359 0 0.00% 1.00% -11.72% 0.41% 1,652,989 (936,668) 716,321 FOOD SERVICE FUNDS FUNDS REQUIRED FROM FUND BALANCE TOTAL FOOD SERVICE FUND 6,937,678 71,391 7,009,069 7,134,267 149,919 7,284,186 8,611,927 0 8,611,927 8,292,488 0 8,292,488 9,171,955 0 9,171,955 879,467 0 879,467 10.61% N/A 10.61% GRAND TOTAL FUNDS 164,388,569 174,807,826 165,562,104 181,449,526 183,045,314 1,595,788 0.88%
Developing the 2017-18 Budget Preliminary Categorical Budget 10 February 14, 2017 PROPOSED BUDGET FY 2017-18 BUDGET TO BUDGET $ CHANGE BUDGET TO BUDGET % CHANGE ACTUAL FY 2013-14 ACTUAL FY 2014-15 ACTUAL FY 2015-16 BUDGET FY 2016-17 EXPENDITURE CATEGORY Instruction 104,681,298 112,616,047 103,041,646 114,770,323 115,371,727 601,404 0.52% Administration, Attendance , & Health 11,210,824 11,981,846 11,243,705 14,485,894 14,586,642 100,748 0.70% Transportation 10,331,892 10,561,909 10,442,497 11,268,780 11,276,495 7,715 0.07% Operations & Facilities 14,257,717 15,936,513 15,327,430 16,310,918 16,745,265 434,347 2.66% Debt Service 15,270,992 14,632,053 15,073,687 14,338,480 13,851,931 (486,549) -3.39% Subtotal - General Fund (Excluding Athletics) 155,752,723 165,728,368 155,128,965 171,174,395 171,832,060 657,665 0.38% Athletics 1,626,777 1,795,272 1,821,212 1,982,643 2,041,299 58,656 2.96% TOTAL GENERAL FUND 157,379,500 167,523,640 156,950,177 173,157,038 173,873,359 716,321 0.41% FOOD SERVICES FUND 7,009,069 7,284,186 7,722,916 8,292,488 9,171,955 879,467 10.61% GRAND TOTAL FUNDS 164,388,569 174,807,826 164,673,093 181,449,526 183,045,314 1,595,788 0.88%
Developing the 2017-18 Budget Key Milestones Addendum City of Roanoke RCPS 12/13: Initial presentation of budget cycle December 12/16: Governor s budget address 01/10: School Board Meeting Budget presentation to Board 01/24: Budget workshop with Board 01/03: Budget Planning Work Session January 02/14: Public hearing on Budget 02/28: Budget workshop with Board 02/06: Budget Planning Work Session February 03/14: Board Adopts 2017-18 CATEGORICAL BUDGET 03/06: Budget Planning Work Session March 03/15 (on or before): Categorical budget submitted to City 04/03: Budget Planning Work Session April 04/17: City Budget Presented to Council 04/27: Budget Public Hearing (7:00 p.m.) 05/05: Budget Study 05/08: Council adopts 2017-18 budget May 12 06/13: Board endorses 2017-18 LINE ITEM BUDGET June
