Presented by:  Dr. Robert Bostic, Superintendent

George Daniel Flores, CFO

2018‐2019 BudgetAugust 22, 2018

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Updates• Tuition Reimbursement

– 17‐18 Actual $7,500 : 18‐19 Budget $20,000

• Staff Incentive Program– December Attendance Incentive $175– Retention Incentive $200– Stafford Experience (Teachers) $600

• SMSD Extended Day Program $125/month PM, $50/month AM• Added Ninja Teacher Funds $95,462• Student Tutor Program $22,000

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2017 Values (Preliminary)

2017 Values Certified

2018 Values (Preliminary)

2018 Values Projected Difference

FBCAD 2,744,251,559         2,349,544,383            2,771,966,556           2,383,483,237        27,714,997 HCAD 8,039,282                 8,039,282                    8,389,587                   8,389,587                350,305       Total 2,752,290,841         2,357,583,665            2,780,356,143           2,391,872,824        28,065,302 

Values under review 62,526,236               (at 90% Approved)

2018 Values (Budgeted)

FBCAD 2,439,756,849        HCAD 8,389,587                Total 2,448,146,436         90,562,771                 

M&O Tax Rate $1.05330 I&S Tax Rate $0.27175

Collection Rate 99% 99%

Budgeted Tax Collections 25,528,463               6,586,310                32,114,773 

Certified Property ValuesFort Bend Appraisal District (FBCAD)

Harris County Appraisal District (HCAD)

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G/F Budget Comparison from Last YearG/F Budget Comparison from Last Year

A B C D ELAST YEAR TODAY TODAY FUTURE

Amended Budget 2017/2018

Projected FYE Budget 2017/2018 Projected Variance

Proposed Budget 2018/2019

Increase from Last Year

Revenue $      30,152,607  $      29,917,192  $          (235,415) $      32,134,821  6.57%

Expenditures 30,585,607  30,018,417  567,190  32,134,821  5.07%

Excess Revenues Over Expenditures (433,000) (101,225) 331,775  ‐

Impact to Fund Balance based on Projections

ProjectedFund Balance ‐ Beginning 12,156,593  12,156,593  12,055,368 

Excess Revenues Over Expenditures ‐ Projected (101,225)

Fund Balance Projected ‐ Ending $      11,723,593  $      12,055,368  $      12,055,368 

Total Proposed Budget

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FY 2018‐2019 Proposed Annual BudgetStafford MSDALL FUNDS required for adoption

Projected Beginning Estimated Transfers  Projected EndingFund # Fund Description Fund Balance Revenues Appropriations in and out Fund Balance

199 General Fund $                  12,055,368  $   32,134,821  $       32,134,821  $                      ‐ $         12,055,368 

599 Debt Service Fund 2,568,002  6,653,810  7,115,110  ‐ 2,106,702 

240 Food Service Fund  675,623  2,255,678  2,315,678  ‐ 615,623 

Total $                  15,298,993  $   41,044,309  $       41,565,609  $                      ‐ $         14,777,693 

Tax Rate and Other Information for the Notice of Budget and Tax Rate Hearing

Tax Rate Maintenance and Operation $             1.05330 per $100 

Valuation Debt Service  0.27175 

Total Tax rate  $             1.32505 

Budget Variance from FY 2018 ‐ General Fund Revenues   (6.57% Increase)Budget Variance from FY 2018 ‐ General Fund Expeditures (5.07% Increase)

Budget AdditionsLeft Side – Recurring Costs

*  Raises $404,878*  Robotics $18,000*  Virtual Schools $57,000*  Testing Coord. $80,000*  3 SROs  $187,000* Ag Sciences Teacher $60,000*  Dyslexia Teacher $60,000

Right Side – One Time Expenses*  Stafford Experience $154,200*  Robotics $24,860*  CTE $60,000*  iPads $50,000*  Projector Refresh $51,000*  Security Contract $25,000*  Attendance Contract $50,000*  Day Care $50,000*  Softball Storage  $15,000*  UIL One Act Play Set  $5,000*  E‐Rate  $75,000*  Leadership Academy $19,200*  Community Engagement $1,168*  Recapture  $165,047

8/20/2018 Analysis of Funding Elements 7

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Stafford Municipal School DistrictThree Year Analysis of Revenues and ExpendituresGeneral Fund 2018-2019 (+70 Students, +2FTE Staff)

Audit Amended Budget Preliminary Budget Proposed Budget Difference between

2016/2017 2017/2018 2018/2019 2018/2019Preliminary & Proposed

Revenues5710 Tax collections $ 24,033,279 $ 24,727,980 $ 25,283,980 $ 25,728,463 $                  444,483 5739 Tuition & fees 145,214 231,400 180,000 396,400 216,400 5742 Investment earnings 101,624 35,000 150,000 225,000 75,000 5743 Rent 28,935 25,000 25,000 25,000 5744 Donations - - - -5749 Local Miscellaneous 132,501 75,000 75,000 75,000 ‐5752 Athletic gate receipts 54,449 55,000 55,000 55,000 ‐5769 Misc. Revenue from Other Sources 37,512 55,000 55,000 242,000 187,000 

Total Local Revenues 24,533,513 25,204,380 25,823,980 26,746,863 922,883 

5810 Foundation school program 3,106,245 2,998,253 2,813,449 3,350,758 537,309 

5829 Misc. State Revenue 12,099 - - -5831 Teacher retirement on-behalf 1,325,213 1,354,974 1,354,974 1,487,200 132,226 5839 Gasoline tax refund 5,967 5,000 5,000 5,000

Total State Revenues 4,449,523 4,358,227 4,173,423 4,842,958 669,535 

5929 Indirect cost revenue 32,050 300,000 300,000 250,000 (50,000)5931 School health & related services 324,259 225,000 225,000 225,000 ‐5949 Misc. Federal Revenue 84,161 65,000 20,000 70,000 50,000 

Total Federal Revenues 440,470 590,000 545,000 545,000 ‐

Total Revenues 29,423,506 30,152,607 30,542,403 32,134,821 1,592,418 

9

83%

15%2%

2018‐2019 General Fund Revenues

Total Local Revenues

Total State Revenues

Total Federal Revenues

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Audit Amended Budget Preliminary Budget Proposed Budget Difference between

Expenditures 2016/2017 2017/2018 2018/2019 2018/2019Preliminary & Proposed

11 Classroom instruction 15,951,391 16,817,267 16,692,817 17,398,972 706,155 

12 Library and media 243,751 264,363 267,317 286,775 19,458 

13 Staff development 238,776 282,820 315,774 281,075 (34,699)

21 Curriculum & special ed. admin. 637,012 744,148 799,534 818,684 19,150 

23 Campus & PEIMS administration 1,986,073 2,162,156 2,282,061 2,324,061 42,000 

31 Counseling, testing, & assessment 667,489 674,651 763,514 751,006 (12,508)

33 Health and nursing services 257,121 315,300 319,731 326,030 6,299 

34 Student transportation 821,330 908,533 926,011 936,073 10,062 

36 UIL academic & athletic activities 1,047,435 1,178,300 1,260,478 1,187,118 (73,360)

41 General administration 1,868,378 1,911,096 1,897,349 2,096,551 199,202 

51 Plant maintenance & operations 3,359,098 3,401,438 3,486,194 3,661,708 175,514 

52 Security Services 185,052 489,050 405,481 508,189 102,708 

53 IT department & PEIMS coordinator 852,430 1,006,310 1,010,741 1,067,078 56,337 

61 Community Relations 28,878 46,175 46,175 46,454 279 

71 Debt service - - - - ‐

81 Construction 106,229 100,000 - - ‐

91 Robin Hood payments to State - - - 165,047 165,047 

93 Participate in deaf education coop. 24,703 34,000 35,000 35,000 ‐

95 Juvenile Justice Alternative Ed. 25,000 25,000 25,000 25,000 ‐

99 Tax Office 184,421 225,000 220,000 220,000 ‐

Total Expenditures 28,484,567 30,585,607 30,753,177 32,134,821 1,381,644 

Excess Revenues Over Expenditures 938,939 (433,000) (210,774) -

Other Resources (Uses) 715,259 - - -

Fund Balance-Beginning 10,502,394 12,156,592 11,723,592 11,723,592

Fund Balance-Ending-Projected $ 12,156,592 $ 11,723,592 $ 11,512,818 $ 11,723,592

Average Daily Attendance (ADA) 3,283 3,327 3,397 3,397

Maintenance & Operations Tax Rate 1.04005 1.04005 1.05330 1.05330

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54%

1%1%3%

7%

2%1%3%

4%

7%

11%

2% 3%0%0%0%1%0%0%1%

2018‐2019 Expenditures by Function

11 Classroom instruction

12 Library and media

13 Staff development

21 Curriculum & special ed. admin.

23 Campus & PEIMS administration

31 Counseling, testing, & assessment

33 Health and nursing services

34 Student transportation

36 UIL academic & athletic activities

41 General administration

51 Plant maintenance & operations

52 Security Services

53 IT department & PEIMS coordinator

61 Community Relations

71 Debt service

81 Construction

91 Robin Hood payments to State

93 Participate in deaf education coop.

95 Juvenile Justice Alternative Ed.

99 Tax Office

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78%

13%

5% 4%0%0%

2018‐2019 Expenditures by Major Object

6100 Payroll

6200 Contracted Services

6300 General Supplies

6400 Misc. Operating Expenses

6500 Debt Payment

6600 Capital Outlay

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Stafford Municipal School DistrictThree Year Analysis of Revenues and Expenditures

Debt Service Fund

Audit Amended Budget Preliminary Budget Proposed Budget2016/2017 2017/2018 2018/2019 2018/2019

Revenues5710 Tax collections $ 4,379,492 $ 4,538,260 $ 6,616,310 $ 6,616,310 5742 Investment earnings 21,867 5,500 37,500 37,500 5749 Misc. Revenue 37,548 - - -

Total Local Revenues 4,438,907 4,543,760 6,653,810 6,653,810

5819 EDA Allotment 44,251 - - -Total State Revenues 44,251 - - -

5929 Misc. Federal Revenue - - - -Total Federal Revenues - - - -

Total Revenues 4,483,158 4,543,760 6,653,810 6,653,810

Expenditures71 Principal on Long-Term Debt 1,610,000 1,900,000 1,975,000 1,975,000 72 Interest on Long-Term Debt 2,619,174 2,311,726 5,135,110 5,135,110 73 Issuance Costs and Fees 208,364 19,583 5,000 5,000

Total Expenditures 4,437,538 4,231,309 7,115,110 7,115,110

Excess Revenues Over Expenditures 45,620 312,451 (461,300) (461,300)

Other Resources (Uses) - - - -

Fund Balance-Beginning 2,027,385 2,073,005 2,385,456 2,385,456

Fund Balance-Ending-Projected $ 2,073,005 $ 2,385,456 $ 1,924,156 $ 1,924,156

Average Daily Attendance (ADA) 3,283 3,327 3,397 3,397

Interest & Sinking Tax Rate 0.19000 0.19000 0.27175 0.27175

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100%

0%0%

2018‐2019 Debt Service Fund Revenues

Total Local Revenues

Total State Revenues

Total Federal Revenues

15

28%

72%

0%

2018‐2019 Expenditures by Function

71 Principal on Long‐Term Debt

72 Interest on Long‐Term Debt

73 Issuance Costs and Fees

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Stafford Municipal School DistrictThree Year Analysis of Revenues and Expenditures

Child Nutrition Program

Audit Amended Budget Preliminary Budget Proposed Budget

2016/2017 2017/2018 2018/2019 2018/2019

Revenues5742 Investment earnings 1,348 1,500 4,744 4,744

5749 Local Miscellaneous 4,068 1,000 7,500 7,500

5751 Local Food Service Receipts 511,560 510,000 470,000 470,000

5769 Misc. Revenue from Other Sources - - - -

Total Local Revenues 516,975 512,500 482,244 482,244

5829 Misc. State Revenue 10,291 12,000 12,000 12,000

5831 Teacher retirement on-behalf - - - -

Total State Revenues 10,291 12,000 12,000 12,000

5921 School Breakfast Revenue 410,999 477,359 485,000 485,000

5922 School Lunch Revenue 1,075,575 1,094,390 1,145,934 1,145,934

5923 USDA Donated Commodities 135,188 130,000 130,000 130,000

5929 Department of Agriculture - 500 500 500

Total Federal Revenues 1,621,762 1,702,249 1,761,434 1,761,434

Total Revenues 2,149,028 2,226,749 2,255,678 2,255,678

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21%

1%

78%

2018‐2019 Child Nutrition Program Revenues

Total Local Revenues

Total State Revenues

Total Federal Revenues

Three Year Analysis of Revenues and Expenditures Food Service Fund

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Audit Amended Budget Preliminary Budget Proposed Budget

Expenditures 2016/2017 2017/2018 2018/2019 2018/2019

35 Food Services 2,015,262 2,171,749 2,185,678 2,185,678

51 Plant Maintenance & Operations 130,000 130,000 130,000 130,000

Total Expenditures 2,145,262 2,301,749 2,315,678 2,315,678

Excess Revenues Over Expenditures 3,766 (75,000) (60,000) (60,000)

Other Resources (Uses) - - - -

Fund Balance-Beginning 617,856 621,622 546,622 546,622

Fund Balance-Ending-Projected $ 621,622 $ 546,622 $ 486,622 $ 486,622

Average Daily Attendance (ADA) 3,283 3,327 3,397 3,397

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94%

6%

2018‐2019 Expenditures by Function

35 Food Service

51 Plant Maintenance & Operations

20

40%

7%

53%

0%0%

2018‐2019 Expenditures by Major Object

6100 Payroll

6200 Contracted Services

6300 General Supplies

6400 Misc. Operating Expenses

6600 Capital Outlay

Going forward

• Implementation of Budget September 1, 2018• Vision 20/20• Budget Monitoring and Status on a monthly Basis

• Questions and Answers

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