AISD Power Point Presentation on Recommended budget for 2011-12 (August 8, 2011)

8/6/2019 AISD Power Point Presentation on Recommended budget for 2011-12 (August 8, 2011)

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AUSTIN INDEPENDENT SCHOOL DISTRICT

FY2011-12 RECOMMENDED BUDGET

Presentation to the AISD Board of Trustees

Meria Carstarphen, Superintendent

Nicole Conley-Abram, CFO

August 8, 2011

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FY2011-12 Recommended Budget

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Revenue

Assumes State revenue loss of $35.6 million from current law as approved under SB1.

Increases Federal revenue $13.8 million from one-time Education Jobs funding.

A Fund Balance appropriation of $517,236 will need to be authorized to support the proposed expenditurebudget.

Expenditures

Includes $39.7 million in reductions associated with the implementation of the Districts Gap Closing Plan.

Baseline costs of $30.0 million are included to support continuing operations, which included increased costs of$7.3 million for Recapture requirements.

rovi es . mi ion to continue trategic ission ritica initiatives.

Restores $2.5 million to comply with States 22:1 ratio (Included in $30.0 Baseline Increases).

Taxable Values

July 25th Certified Taxable Values for 2011 is $56,875,444,136; an increase of 1.06% from 2010.

Tax Rate No increase in the tax rate for M & O (rate will remain unchanged at 1.079).

Proposes 1.5 cent increase to cover debt for bond program (rate will increase to .0163).

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Gap closing actions that total $39.7million, inclusive of the the Reduction

Salary or step increases for

Whats in the Budget Whats not in the Budget

in Force

Full day Pre-k

Funding to comply with State 22:1

Funds for new MultiplePathways school

n a ona p ann ng per o or

secondary teachers

Full restoration of Local commitmentto Strategic Compensation

possible inclusion in separateInstructional MaterialsAllotment (IMA)

Start-up funds for new Linder EarlyChildhood

Early college program at Reagan

Hardship leave Traditional social security for

part-time employees

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y un4

General Food Debt Memo Total

Revenues

Local Sources $638,598,075 $8,226,536 $95,629,706 742,454,317$

State Sources $170,302,248 $1,146,327 - 171,448,575$

Federal Sources $29,085,672 $29,831,027 - 58,916,699$

- -, ,

Total Revenues $838,036,995 $39,203,890 $95,629,706 $972,870,591

Expenditures

Operating Expenditures 838,473,231 39,849,762 96,211,215 974,534,208Other Uses 81,000 - - 81,000

ota xpen tures 838,554,231 39,849,762 96,211,215 974,615,208

Excess (deficiency) of revenues over

expenditures($517,236) ($645,872) ($581,509) ($1,744,617)

Fund Balances- September 1 (Beginning) * $185,023,127 $9,034,427 $15,165,181 $209,222,735

Fund Balances - August 31 (Prior to Adjustment) * $184,505,891 * $8,388,555 * $14,583,672 * $207,478,118

* Estimated Balance

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FY2011-12 Recommended Budget By

un nc u ng ap er5

Debt ServiceFund9.9%

Chapter 4113.9%

General Fund

72.2%

ooServiceFund

4.1%

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verv ew o enera un xpen tures6

% CHANGE

FUND

FY2011

Adopted

Budget

FY2011

Amended

Budget

FY2012

Recommended

Budget

CHANGE

from Adopted

Budget

from

Adopted

Budget

CHANGE

from Amended

Budget

CHANGE

from Amended

Budget

, , , , , , , , - . , , - .

Food Service $38,708,409 $38,708,409 $39,849,762 $1,141,353 2.95% $1,141,353 2.95%

, , , , , , , , . , , .

Total $973,997,900 $999,803,001 $974,534,208 $536,308 0.06% ($25,268,793) -2.53%

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FY 2011-12 Recommended Budget

enera un evenue u get7

$ Change

from

% Change

from

FY 2011

Adopted

FY 2011

Amended

FY 2012

Recommended

$ Change

from

% Change

from

Local 628,727,327 642,432,446 638,598,075 9,870,748 1.57% (3,834,371) -0.60%

State 172,890,382 167,041,989 170,302,248 (2,588,134) -1.50% 3,260,259 1.95%Federal 36,357,018 38,334,430 29,085,672 (7,271,346) -20.00% (9,248,758) -24.13%

Total 837,974,727 847,808,865 837,985,995 11,268 0.00% (9,822,870) -1.16%

Recapture 127,815,376 125,928,725 135,176,524 7,361,148 5.76% 9,247,799 7.34%

Operating

Revenue 710,159,351 721,880,140 702,809,471 (7,349,880) -1.03% (19,070,669) -2.64%

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enera un xpen ure u ge8

FY2011

Adopted

FY2011

Amended

FY2012

Recommended $ Change from % Change

$ Change

from % Change

Budget Budget Budget Adopted from Adopted Amended from AmendedTotal Revenues 837,974,727 847,808,865 837,985,995 11,268 0.00% (9,822,870) -1.16%

Less: Recapture (127,815,376) (125,928,725) (135,176,524) (7,361,148) 5.76% (9,247,799) 7.34%

Net Revenue 710,159,351 721,880,140 702,809,471 (7,349,880) -1.03% (19,070,669) -2.64%

TotalExpenditures 716,415,351 744,107,103 703,296,707 (13,118,644) -1.83% (40,810,396) -5.48%

Net Other

(Sources) Uses (44,000) 1,231,000 (30,000) 14,000 -31.82% (1,261,000) -102.44%Total

xpen turesand Other(Sources) Uses 716,459,351 742,876,103 703,326,707 (13,132,644) -1.83% (39,549,396) -5.32%

Difference (6,300,000) (20,995,963) (517,236) 5,782,764 -91.79% 20,478,727 -97.54%

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FY2011-12 Recommended Budget vs.

ame erv ces u get9

em moun

FY2011 Adopted Budget $844,230,727Projected Baseline Increases (Same Services ~

so inc u es un s or items previous y un e

by grants) $14,542,692

Recapture Increase $7,361,148A State Fe era Grant Re uctions 5, 7, 7

Subtotal Same Services Budget $871,582,194

Gap Reduction Plan Reductions ($39,730,202)

Strategic Investment Increases (Also includesfunds for items previously funded by grants) $4,121,239

Gap plan adjustments due to final legislative

resu s : , ,

Total FY2011-12 Budget $838,473,231

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axa e a ues10

Austin ISD

Taxable Values, Collections, and Rates

2009/10 2010/11 2011/12 2012/2013 2013/2014Taxable ValuesNet Taxable Value (before freeze) 63,907,000,426$ 61,570,945,154$ 61,870,932,381$ 62,950,340,149$ 64,838,850,353$

Less: Freeze Taxable Value (5,157,590,887)$ (5,290,263,882)$ (4,995,488,245)$ (5,082,659,515)$ (5,235,139,300)$

Net Taxable Value (after freeze) 58,749,409,539$ 56,280,681,272$ 56,875,444,136$ 57,867,680,634$ 59,603,711,053$

Forecasts

Increase (Decrease) Over Prior Year 2,482,825,582$ (2,468,728,267)$ 594,762,864$ 992,236,498$ 1,736,030,419$

% Increase (Decrease) Over Prior Year 4.4126% -4.2021% 1.0568% 1.7446% 3.0000%

Net Taxable Levy 706,167,903$ 690,563,959$ 706,393,016$ 718,716,593$ 740,278,091$Freeze Ceiling Taxes 30,106,823$ 28,405,788$ 32,000,000$ 32,000,000$ 32,000,000$

, , , , , , , , , ,

% Actual Collections to Levy 97.80% 97.80% 97.80% 97.80% 97.80%

Tax RatesLocal Maintenance 1.0790 1.0790 1.0790 1.0790 1.0790

Debt Service 0.1230 0.1480 0.1630 0.1630 0.1630

Total 1.2020 1.2270 1.2420 1.2420 1.2420

Budget - CurrentLocal Maintenance 646,391,630$ 618,338,593$ 627,373,664$ 637,844,359$ 656,164,028$

Debt Service 73,685,051$ 84,813,820$ 94,774,706$ 96,356,469$ 99,123,945$

Total 720,076,682$ 703,152,413$ 722,148,370$ 734,200,828$ 755,287,973$

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FY2012 Preliminary Budget

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FY2011

M&O

FY2012

PreliminaryFY2011

I&S

FY2012

Preliminary

Rates $1.079 $1.079 $0.148 $0.163

One Cent Yields $5.8 million $5.7 million $5.8 million $5.7 million

Note: Recapture claimsNote: Recapture claims approximate 40approximate 40% of M&O taxes above $1.06.% of M&O taxes above $1.06.

Any increase in M&O requires voter approval.Any increase in M&O requires voter approval.

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Impact of I&S Tax Rate increase Using Certified

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Propose 1.5CentIncreasetoI S

2010Certified

2011Certified Change

M&ORate 1.079 1.079 0.00%

I&SRate 0.148 0.163 10.14%

AverageHomeValue 265,573 262,886 1.01%

AverageHomeTaxableValue 245,593 244,799 0.32%

M&OLevy 2,649.95 2,641.38 (8.57)$

I&SLevy 363.48 399.02 35.54$

TotalLevy 3,013.43 3,040.40 26.98$

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Out-Year Challenges Ahead13

Combined Statement of Revenues, Expenditures by Function, and Chan es in Fund Balance

2010 - 2011

Adopted

2011-2012

Recommended

Budget

2012-2013

Forecast 2013-2014 Forecast

Total Revenues 837,974,727 837,985,995 $786,408,736 $805,191,029

Less: Recapture ($127,815,376) ($135,176,524) ($104,549,395) ($103,599,929)

Net Revenue 710 15 351 702 80 471 681 85 341 701 5 1 100

Total Expenditures 716,415,351 703,296,707 $715,958,707 $724,508,707

Net Other (Sources) Uses $44,000 $30,000 $30,000 $30,000

Total Expenditures and Other(Sources) Uses $716,459,351 $703,326,707 $715,988,707 $724,538,707

Net Change in Fund Balances ($6,300,000) ($517,236) ($34,129,366) ($22,947,607)

Fund Balances - September 1

(Beginning) $172,135,096 $185,023,127 $184,505,891 $150,376,525

Fund Balances - August 31

n ng , , , , , , , ,

Less Reserved Fund Balance ($25,768,806) ($24,000,000) ($24,000,000) ($24,000,000)

Ending Fund Balance - Unreserved $140,066,290 $160,505,891 $126,376,525 $103,428,918

Amount Required for 14% Fund Balance

Policy $100,304,309 $98,465,739 $100,238,419 $101,435,419

Difference 39,7 1,981 2,040,152 2 ,138,10 1,993,499

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s or c xemp ons

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Historic Exem tions15

At the May work session, the City presented its recommended proposals to

the Board, which included a proposal to cap the tax incentive for residential

at $2,500 (avg. $2,581). No cap was proposed for commercial.

The City will formally take action on August 4th

It is recommended that the Board take action to restore the program.

In doing so, the Board has a few options such as: p on : es ore exemp on o prev ous au or za on- o ca ons wou s e

needed to previous authorization so that actual calculations could reflect language.

Option#3: Adopt City modifications and impose no cap beyond language in prior

authorization.

Option#2: Adopt City modifications and impose a possible cap of $3,500 to $4,000

similar to City for residential properties (avg. $3,277), with no cap for commercial

properties.

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Highlights of Proposed City Historic

xemp on o e anges More stringent review of applications and inspections of

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historic properties.

Review possibility of loan assistance program forrehabilitation of historic structures.

Cap property tax exemption for owner-occupied historicproperty at $2,500 for those designated after January1 2010.

Establish index to automatically adjust residential cap basedon future increases or decreases in valuations.

assessed value of land and improvements.

Develop formula that gradually reduces exemption over five,

whose exemptions exceeds cap.

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AISD Power Point Presentation on Recommended budget for 2011-12 (August 8, 2011)

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