DFY18 Budget Revision 2017-12-4

3:00 p.m.

Background Information:

General Fund

Revenue Budget

The FY18 20-day count ended October 27, 2017 and the Average Daily Membership (ADM) information was submitted to the state on November 10, 2017. The FY18 ADM, which determines the level of state funding for this year, was reported at 8,716.34 students, which was 64.66 students below the 8,781 students projected for FY18. The count included 7,988.80 students in brick and mortar schools and 727.54 students enrolled in the Connections home school program. The original enrollment projection also included 189 intensive needs students. An additional 12 students were identified as intensive needs and the number of intensive needs students submitted to the state was 201.This preliminary ADM will likely change because of the reconciliation process with other districts and the final ADM will be confirmed by the state in February or March.

The total adjustment to the Foundation revenue is $204,542, which includes an increase of $203,992 in foundation funding and a change in the Quality Schools in the amount of $550. The total increase in state aid of $204,542 brings the total revenue budget to $138,452,060.

The original FY18 budget listed anticipated use of fund balance at $321,978. With the changes to revenues listed above and expenditures explained below, there is a need for an additional use of fund balance in the amount of $476,257. This will bring use of fund balance to $798,235 and total revenue and use of fund balance to $139,250,295.

Expenditure Budget

The district reviews actual employees hired in each position in order to adjust salary and benefit accounts from estimates made during the preliminary budgeting process. We had a decrease in Special Education salaries and benefits for hard to fill positions in the amount of $456,279. Increases in healthcare costs and tutor/aides salaries and benefits resulted in a total decrease of all salaries and benefits in the amount of $186,783.

Changes to the expenditure budget also include an increase in Charter Schools’ expenditure budgets of $436,587, which includes all expenditure changes due to the recalculation of additional allowable and state aid. Increases in contracted services in the amount of $456,279 for hard to fill positions such as Speech Therapy, Occupational Therapy and Psychologist services. There was also an adjustment in the curriculum department from supplies to contracted services for personalized learning. The final adjustments were in Software, maintenance, and purchased services for a decrease of $25,284 for a total change to the expenditure budgets of $680,799. This brings the total FY18 anticipated expenditures to $139,250,295.