Proposed School Budget for FY20 - Overview and Analysis

2019-20 Proposed School Budget 1 FY20 Budget Presentation 4/22/19

Fund Definitions Fund 11 General Current Expense Fund used as the general operating fund of the agency; all revenue and expenditures except those that are required to be accounted for in another fund are to be accounted for in this fund Fund 61 Special Revenue Fund used to account for the proceeds of specific revenue sources that are legally restricted to expenditure for specified purposes Fund 21 Debt Service Fund used to account for the accumulation of resources for payment of principal, interest and related cost of general, long-term debt Fund 51 Capital Projects Fund used to account for all resources used for the acquisition of capital expenditures by the Board 2 FY20 Budget Presentation 4/22/19

Restricted Funds Fund 61 Special Revenue Fund $13,305,944 Fund 21 Debt Service Fund $2,753,764 Balance @ 6/30/19 Description Refunding Bond Issue, Series 2012 JC Building Commission Lease Revenue Bonds, Series 2015 TOTAL Annual Payment Maturity Date 11,590,000 1,685,000 1,752,400 May 2020 3,485,000 2,733,586 295,094 June 2030 Fund 51 Capital Projects Fund Fund 51 Funding Sources Projected Balance @ 6/30/19 Projected Projected Balance @ 6/30/20 Collections/Carryover Drawdowns Board Designated 4,639,968 0 -3,125,607 1,514,361 * Brd Design Annex 1,237,142 0 -750,000 487,142 ** Table Referendum 2,275,946 1,800,000 -2,095,094 1,980,852 * WHS/JHS Athletics ~ $1.5M; Board Designated-Annex to be reimbursed with Series 2012 Maturity Date & FY19 Carryover to Fund Difference * * Decreased $100K Impact Fees Note: Impact Fee Funds are maintained at the JC Office of Impact Fees and are sent to JCS upon project approval 3,619,734 1,400,000 0 5,019,734 3

Fund 11 General Current Expense Fund $105,184,743 FY20 Budget Presentation 4/22/19 4

Budget BASELINE FY20 FY17 ADOPTED BUDGET FY18 ADOPTED BUDGET FY19 ADOPTED BUDGET PROPOSED BUDGET FY14 ADOPTED BUDGET FY15 ADOPTED BUDGET FY16 ADOPTED BUDGET EXPENSE 87,834,109 97,372,787 100,225,797 104,918,888 85,304,571 85,519,215 87,257,752 REVENUE 85,272,799 95,710,660 98,004,900 101,293,281 82,243,548 83,448,990 83,944,549 REVENUE GAP * -2,561,310 -1,662,127 -2,220,897 -3,625,607 -3,061,023 -2,070,225 -3,313,203 SOURCES TO BALANCE: PRIOR YEAR CARRYOVER BOARD DESIGNATED STABLILIZATION $ OPEB/FUND EQUITY TOTAL SOURCES TO BALANCE 850,000 1,711,310 500,000 1,162,127 500,000 1,720,897 500,000 3,125,607 1,106,970 1,000,000 1,000,000 1,954,053 1,070,225 2,313,203 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,561,310 1,662,127 2,220,897 3,625,607 3,061,023 2,070,225 3,313,203 0 0 0 0 0 0 0 BALANCED BUDGET *Excludes Senate Bill 408 Funding 5 FY20 Budget Presentation 4/22/19

Excess Levy Budget Trend Data YEAR AMOUNT $Incr (Decr) %Incr (Decr) 22,985,156 20,095,312 19,114,430 18,430,223 18,590,509 18,934,835 19,146,219 20,103,159 20,689,971 21,118,912 21,827,570 -3% $ (761,624) -14% (2,889,844) -5% -4% 1% 2% 1% 5% 3% 2% 3% -1% -$1,919,210 FY10 FY11 (980,882) (684,207) 160,286 344,326 211,384 956,940 586,812 428,941 708,658 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 TOTAL 6 FY20 Budget Presentation 4/22/19

2nd Month - Student Enrollment * FTE ** # Change FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 235.20 (18.02) 160.37 121.38 (2.94) 95.42 111.20 (27.54) (128.10) % Change 2.78% -0.21% 1.85% 1.37% -0.03% 1.06% 1.23% -0.30% -1.40% Head Count # Change FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 250.00 (3.00) 116.00 103.00 5.00 72.00 64.00 (29.00) (139.00) % Change 2.95% -0.03% 1.34% 1.16% 0.06% 0.80% 0.71% -0.32% -1.52% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FTE 8,470.07 8,705.27 8,687.25 8,847.62 8,969.00 8,966.06 9,061.48 9,172.68 9,145.14 9,017.04 Head Count 8,595.00 8,845.00 8,842.00 8,958.00 9,061.00 9,066.00 9,138.00 9,202.00 9,173.00 9,034.00 Difference (124.93) (139.73) (154.75) (110.38) (92.00) (99.94) (76.52) (29.32) (27.86) (16.96) * October 1 Official Count FTE # used for funding calculation FY20 Budget Presentation 4/22/19 7

STAFFING OVERVIEW COMPARISON CATEGORY FY19 BUDGET FY20 BUDGET INCR(DECR) PROFESSIONAL Fund 11 (General) 738.95 733.00 (5.95) Fund 61 (Special Revenue) 21.55 32.00 10.45 SUBTOTAL 760.50 765.00 4.50 SERVICE Fund 11 (General) 418.64 420.03 1.39 Fund 61 (Special Revenue) 109.81 113.14 3.33 SUBTOTAL 528.45 533.17 4.72 TOTAL 1,288.95 1,298.17 9.22 ~ 6.49 Professional educators allowed per 100 students ~ 3.94 Service personnel allowed per 100 students FY20 Budget Presentation 4/22/19 8

Fund 11 General Current Expense Fund Balance FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Fund Balance Ending (7,682,584) 1,059,658 (146,620) (372,988)(1,715,014)(1,647,366) (439,325) 5,642,142 Fund Balance Ending Excluding OPEB * 6,434,587 5,017,705 3,879,717 3,733,420 2,576,737 2,868,288 4,209,221 5,642,142 * Unassigned Fund Balance represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the general fund. Medicaid Annual Cost Settlement FY16 $746,373 FY17 $909,998 FY18 $415,000 (Estimated) FY20 Budget Presentation 4/22/19 9

FY18 Fund Balance Reconciliation 5,642,142 FY18 Ending Fund Balance COMMITMENTS: (500,000) FY19 Budget (122,993) Nonspendable (135,119) Encumbrances (75,653) Restricted for Fund 11 Projects (833,765) TOTAL COMMITMENTS 4,808,377 FY18 CARRYOVER (UNASSIGNED) FY20 Budget Presentation 4/22/19 10

REVENUE BUDGET COMPARISON % INCR (DECR) $ INCR (DECR) FY19 ADOPTED BUDGET FY20 PROPOSED BUDGET Revenue from Local Sources Property Taxes Regular Levy Property Taxes Excess Levy Investment Earnings Other Local Revenues Revenue from State Sources State Aid to Schools Increased Enrollment 19,005,820 22,368,910 104,500 750,375 19,619,071 23,077,570 223,000 719,595 3% 3% 613,251 708,660 118,500 (30,780) 113% -4% 33,571,440 286,000 34,460,443 3% N/A 889,003 (286,000) - PEIA (Health) 6,714,690 6,282,849 -6% (431,841) * Retirement 13,044,980 14,631,608 12% 1,586,628 Revenue from Federal Sources * Medicaid 454,535 600,000 32% 145,465 Revenue from Misc Sources Fund Transfers In Board Designated 1,720,897 3,125,607 82% 1,404,710 Fund Transfers In Table Referendum 1,900,000 1,800,000 -5% (100,000) Fund Transfers In - Other 72,500 145,000 100% 72,500 TOTAL 99,994,647 104,684,743 5% 4,690,096 * Unfunded Retirement Increased $1,688,520 * FY15 Official Change in Medicaid Billing/Annual Reconciliation = May 2016 11 FY20 Budget Presentation 4/22/19

FY19 ADOPTED BUDGET FY20 PROPOSED BUDGET % INCR (DECR) SALARY EXPENDITURE $ INCR (DECR) Regular Full/Part Time Employee Salaries Salary Contracted 48,971,850 50,860,760 3.9% 1,888,910 November/March/May Additional Checks Salary Other 4,489,958 4,462,790 -0.6% -27,168 Stipends/Overtime/Class Cov/Pupil Teacher Ratio Salary Supplemental 1,448,392 1,196,920 -17.4% -251,472 EXPENDITURE BUDGET COMPARISON Vacation/Extra/Sick/Prof Dev/AWOP & Vacancy Substitutes 1,725,700 1,864,900 8.1% 139,200 Employer Health Contribution/Dental/Vision Health/Dental/Vision 8,364,687 8,350,260 -0.2% -14,427 Long Term Disability/SS/Unemployment/WC Employer Benefits 4,348,587 4,503,510 3.6% 154,923 Retirement Paid by Employer * Unfunded Retirement Increased $1,688,520 Retirement 14,192,248 15,800,360 11.3% 1,608,112 SUBTOTAL 83,541,422 87,039,500 4.2% 3,498,078 FY19 ADOPTED BUDGET FY20 PROPOSED BUDGET % INCR (DECR) NON-SALARY EXPENDITURE $ INCR (DECR) Professional/Technical Services Contracted Services, Collaborations, Trainers 2,028,760 2,559,870 26.2% 531,110 Copiers, Maint Agreement, Water/Sewage Property Services 2,293,720 2,639,897 15.1% 346,177 Phone, Internet, Ins, Travel, Purchased Services Other Services 2,520,310 2,910,367 15.5% 390,057 School Alloc, Instruction, Supplies, Utilities, Diesel Supplies 6,366,005 6,755,445 6.1% 389,440 Vehicles Plant and Equipment 20,000 83,200 316.0% 63,200 Other Fees and Dues/Ambulance Fees Other 40,940 40,980 0.1% 40 Contingency and JLT Reserve Contingency & JLT Reserve 1,212,320 700,000 -42.3% -512,320 Transfers (Child Nutrition) Transfers 2,202,320 2,189,629 -0.6% -12,691 408 Funding 268,850 265,855 -1.1% -2,995 Total 16,953,225 18,145,243 7.0% 1,192,018 TOTAL 100,494,647 105,184,743 4.7% 4,690,096 12 FY20 Budget Presentation 4/22/19

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