Charleston County School District Budget Workshop Highlights June 2021
Explore the key points discussed in the FY22 budget workshop of Charleston County School District, covering board priorities, financial strategies, budget assumptions, salary examples, and potential adjustments for the upcoming school years.
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Presentation Transcript
FY22 2nd Reading of FY22 Budget Workshop Text June 14, 2021 1
Board Priorities The CCSD Promise Academic Improvement COVID Recovery Text Talent Phase V Capital Program Communication & Engagement 2
CCSD Financial Strategy o Maximize Revenues o Prioritize Expenditure Needs o Balance the Budget o Maintain Fund Balance at or Above Board Policy of 16.67% Text o Minimize Tax Increases to the Extent Possible 3
Primary Budget Assumptions 1. A 3% increase in assessed property values 2. 3.4 millage increase (1st Reading; 2ndReading could change) 3. Reduction of Base Student Cost(State EFA allocation per student) from $833.73 to $812.22 4. Projected enrollment decrease of 833 students, FY21 to FY22 projections 5. Used the projected FY21 year-end expenditures as the basis of building the FY22 budget Text 4
FY2022 Budget Salary Examples 95% of Market with Step 95% of Market with Step and 1.2% COLA 98% of Market with Step FY21 Salary 16,119 36,595 66,029 100,723 116,467 $ % of Market 95.0% 95.0% 95.0% 95.0% 95.0% $ % of Market 96.1% 96.1% 96.1% 96.1% 96.1% $ % of Market 98.0% 98.0% 98.0% 98.0% 98.0% Step 15 15 15 15 15 FY22 Salary 17,447 39,168 69,389 105,005 121,210 Increase 1,328 2,573 3,360 4,282 4,743 FY22 Salary 17,656 39,629 70,214 106,272 122,669 Increase 1,537 3,034 4,185 5,549 6,202 FY22 Salary 18,007 40,397 71,578 108,326 125,030 Increase 1,888 3,802 5,549 7,603 8,563 Food Services Operator Secretary/Bookkeeper Manager Director Executive Director Text Step + $1,000 Step + $1,000 and 1.2% COLA Step + $1,000 $ % of Market 102.4% 101.6% 101.6% % of Market 103.6% 102.8% 102.8% $ % of Market 102.4% 101.6% 101.6% Step FY21 Salary 15 53,550 15 60,298 15 70,209 FY22 Salary 55,522 62,393 72,486 Increase 1,972 2,095 2,277 FY22 Salary $ Increase 56,179 63,126 73,340 FY22 Salary 55,522 62,393 72,486 Increase 1,972 2,095 2,277 Bachelor's Teacher Master's Teacher Doctorate Teacher 2,629 2,828 3,131 98% of Market, non-teachers 1.2% COLA for all eligible 1.8 mill 1.7 mill 5,177,922 $ 4,979,064 $ Note: 95% and 98% of Market options do not include teachers 5
Potential Salary Adjustments A Phased Consideration Non-teacher Adjustments Provide 1.2 % COLA to ALL employees. This will move non- teachers to 96%of market Go to 97% of market Go to 98% of market Go to 99% of market Go to 100% of market School Year 2021-22 Teacher Step Increase to Step 26. Keep monitoring to make sure teachers are at or > 100% of market Increase to Step 27 Increase to Step 28 Increase to Step 29 Text 2022-23 2023-24 2024-25 2025-26 Increase to Step 30 6
Millage Increase Comparison Charleston County School District Second Reading of FY22 Budget Millage Increase Comparison Revenue Impact 10,072,947 $ 4,980,733 15,053,680 3.4 Mill Increase 1.7 Mill Increase 5.1 Mill Increase Text Impact to Taxpayer Property Type Non-Owner Occupied Commercial Real Property Automobile Assessed Value 3.4 mill increase 5.1 mill increase $100,000 $500,000 $102.00 $20,000 $20.40 $30.60 $153.00 $6.12 $4.08 7
Phased Approach: Change in Revenue & Fund Balance Proposed Second Reading FY22 First Reading FY22 Variance Revenues: Local State Federal Transfers/Other 361,050,923 210,128,750 95,536 20,980,093 592,255,302 366,031,656 210,128,750 95,536 20,980,093 597,236,035 4,980,733 - - - Text 4,980,733 Expenditures 613,273,199 618,251,784 4,978,585 Use of Fund Balance 21,017,897 21,015,749 (2,148) 8
FY2022 GOF Budget Summary Second Reading of FY22 Budget Proposed Second Reading - 5.1 mill increase First Reading Budget Book Variance Revenue 592,255,302 597,236,035 4,980,733 (FY2021 Budgeted and FY2022 Base) Base reduction-FY21 to FY22 Projected Enrollment Changes Expenditures 576,717,327 576717327 - Text (4,228,000.00) 19,765,975 (4,228,000.00) 24746708 4,980,733 4,980,733 - Variance - Funds Available for Allocation 19,765,975 24746708 9
SECOND READING OF FY22 BUDGET: Proposed Second Reading - 5.1 mill increase First Reading Budget Book EXPENDITURE REQUESTS: Variance Required Increases Teacher Step-mandated by state Teachers-$1,000 Salary Increase-mandated by state Retirement Increase-mandated by state Health and Dental Increase-mandated by state Charter Schools and Meeting Street West Ashley CAS-new school Translation Services-Department of Justice Settlement Property and Flood Insurance Operations-Transportation Contract Operations-Utilities Increases-rate increases Additional energy costs due to COVID-moved to ESSER Operations-Other Contractual Obligations and Footprint Growth Board Approved GOF portion of increasing certified Head Start teachers 4,220,421 4,667,392 2,797,017 1,341,652 4,254,754 1,719,164 846,498 2,486,323 1,626,731 1,233,340 4,220,421 4,667,392 2,797,017 1,341,652 4,254,754 1,719,164 846,498 2,486,323 1,626,731 1,233,340 - - - - - - - - - - Text (1,200,000) (1,200,000) - 1,718,356 1,718,356 - 388,469 26,100,117 388,469 26,100,117 - - 10
SECOND READING OF FY22 BUDGET continued: Mission Critical Actions-FY22 Changes New/Expanded Initiatives FY21 One-time/Decreases/Funding Shift Net Mission Critical Learning Services Compliance and Expansions-School Based Learning Services Compliance and Expansions-Central Based 1,110,456 (3,316,588) (2,206,132) 6,430,844 213,425 1,110,456 (3,316,588) (2,206,132) 6,430,844 213,425 - - - - - Other Considerations Human Resources Move Maximum Teacher Step from 25 to 26 Years Non-teacher Step Additional to move all other non-teachers to 95% of market 1.2% COLA for all staff Move Classified Staff Years of Service Hiring Cap from 15 to 18 Years Other Safety and Risk Services Requests Communications and Strategy Requests Finance Disparity Study-GOF funded portion Operations-Other Requirements 535,773 1,955,450 535,773 1,955,450 - - Text 5,908,215 5,908,215 4,978,585 4,978,585 - - 570,000 105,694 420,557 298,058 114,000 337,872 10,245,619 570,000 105,694 420,557 298,058 114,000 337,872 15,224,204 4,978,585 - - - - - - 11
SECOND READING OF FY22 BUDGET continued: Total Expenditure Additions 40,783,872 45,762,457 4,978,585 Projected Funds Available for Allocation 19,765,975 24,746,708 4,980,733 Use of Fund Balance-FY21 Unspent Mission Critical Actions Use of Fund Balance Use of Fund Balance-FY21 Cost Reductions Use of Fund Balance-FY22 Special Education Requests 2,700,000 10,349,505 2,700,000 10,347,357 - (2,148) Text 4,300,000 4,300,000 - 3,668,392 21,017,897 3,668,392 21,015,749 - (2,148) 0 0 0 Remaining to Fund FY22 Requested Expenditure Additions 12
Questions, Discussion, Next Steps o Questions? o Discussion which approach on salary adjustments o Next steps - Motion for second reading Text - Q&A between now and 2ndReading - 2ndReading on June 28 13
