2015-2016 Budget Development Update

March 23, 2015

2

Legislative Update House Bill 1 & Senate Bill 2

Full Funding of the Foundation School Program

No Increase to Basic Allotment - $5,040 for both years

Austin Yield Increase to $72.94 (FY16) and $76.75 (FY17)

Approximately +$4m

Elimination of TRS Rider 7122

Approximately -$4m

BCC Email

Increases in Funding for FBISD are Fueled by Rising Property Values and Increasing Enrollment

March 2015 Update

3

Other Major Legislative Areas of InterestImproving Early Education

Tax Relief and Budget Controls

Instructional Materials Allotment Changes

TRS Care Insolvency – Possible Increase to District Contribution

Voucher/Choice Legislation

Debt / Transparency Legislation

Fund Balance Transparency – LBB Focus

Achievement School Districts/Low Performing Campuses

BCC Email March 2015 Update

4Source: FBISD CAFR & Central Appraisal District

Property Value Growth UpdateEarly Estim

ate From CA

D

March 2015 Update

11.5% Local Value

Growth

Early Estimate From

CAD

5Source: FBISD CAFR & Central Appraisal District

Property Value Growth UpdateEarly Estim

ate From CAD

March 2015 Update

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

10.14%

2.63%

6.41%

12.05%

12.90%12.38%

9.32%

10.85%

8.39%

9.68%9.41%10.22%

11.71%

4.37%

-2.51%

0.43%

4.27%

6.97%

8.62%

11.50%

Annual Change in Property Values

Estimated

Early Estimate From

CAD

Source: AEIS/TAPR & PASA Demographic Projections (Most-Likely Scenario as of Feb. 2015)

Enrollment Growth Update

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E

55,000

57,000

59,000

61,000

63,000

65,000

67,000

69,000

71,000

73,000

75,000

61,011

62,657

65,92766,792

67,78068,507

69,066 68,710 68,964 69,588

70,857

72,183

73,377

March 2015 Update

6

72,317Projected

(0.19% diff)

7Source: FBISD Staffing Guidelines

2015-16 Campus Formula Position Request Summary

Classification FTEs Salary

Teacher Positions 15.5 $980,375

Other Campus Professional Positions 4.5 $309,777

Campus Paraprofessional Positions -2 -$82,260

Total Position Requests 18 $1,207,893

Position Request Update

March 2015 Update

8

2015-16 WIP Budget Assumptions Update Enrollment – 73,377 (PASA February 2015 Most-Likely Growth)

11.5% Property Value Growth (updated Central Appraisal District estimate)

62 Campus Positions (18 formula requested/12 ES#46, 32 CATE approved 2/23/15)

10 Non-Campus Positions (approved 2/23/15)

7.5 Contingency Teaching Positions

Estimated Cost of Salary Increase at 2%

$2.5M added for Transportation (grandfathering & feeder pattern changes)

Legislative Session Decisions Elimination of Rider 71 (included)

Increase Austin Yield ? (Included)

Increase Basic Allotment ? (Not Included)

Work-In-Progress

March 2015 Update 9

Source: FBISD FinanceNote: 2014-15 Local Expenses were reduce by $5.9M for Extended Day Moving to Enterprise Fund 711

2013-14 2014-15 2015-16($000's) Actual Projection ProjectionRevenue 536,078$ 557,005$ 568,977$

Operating Expenditures 507,016$ 557,741$ 571,788$

Other Financing (29,088)$ 1,000$ 1,000$

Net Change in Fund Balance (26)$ 264$ (1,811)$

Beginning Fund Balance 170,457$ 170,431$ 170,695$ Ending Fund Balance 170,431$ 170,695$ 168,884$

2015-16 Work-in-Progress Projected Estimates

Remember: Fund Balance ≠ Cash Balance

With FY14 Actuals and FY15 Year-End Projections

2015/16 Budget Development Update

March 2015 Update 10

March 23Board Workshop

Review of Campus Formula Staffing and Initial Compensation

March 24 2015 FBISD Job Fair and Talent Draft

March 30Regular Board Meeting

Consider Approval of Additional Campus Staffing Recommendations

April 13Board Workshop

Budget and Legislative Update; Review Contract Recommendations; Additional Campus Staffing; Initial Discussion on Non-staffing Enhancements; Debt Service Update

Source: FBISD Finance

Critical Dates

March 2015 Update 11

April 20Regular Board Meeting

Consider Approval of Contract Recommendations (Renewals, Non-Renewals, Terminations); Consider Approval of Additional Campus Staffing (Special Education, ESL (English Second Language), Other)

May 11Board Workshop

Discussion of Additional Staffing, Compensation, Non-Staffing Enhancements; Action to Call Meeting for the Purpose of Discussing the Proposed Tax Rate and Adoption of the 2015/2016 Budget

May 18Regular Board Meeting

Consider Approval of Additional Staffing, Compensation, Non-Staffing Enhancements; Review Proposed Budget

June 1Board Workshop Public Hearing on Budget and Proposed Tax Rate

June 15Regular Board Meeting Budget Adoption

Source: FBISD Finance

Critical Dates

March 2015 Update 12Source: FBISD Finance

ProjectedState Funding Elements 2013-14 BudgetTotal Cost of Tier I $449,710,824Less: Local Fund Assignment ($240,390,472)State Share of Tier I $209,320,352Tier II and Other Programs $12,848,237TRS on behalf $22,100,000

Total 2013-14 State Allocation $244,268,589

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