Tri-Valley School Board

November 19-20, 2002

Tri-Valley School Board

Financial Update

Public Meetings


Purpose

• InformationalState of the BudgetHistorical AnalysisRecent Changes Effecting the BudgetImprovements

• Ideas under Consideration

• How you can help


State of the Budget

74% Education

8% Building

11% Bond &Interest

5% Transportation

2% IMRF

60% Salary

8% Benefits

9% Administrative

4% Interscholastic

6% Food Services

13% Other

2001/2002 Expenses

Education FundAll Funds


State of the Budget

Education Building Transportation

June’02 697,995 354,849 146,056

+Revenue 5,515,568 696,041 378,196

-Expenses 6,000,229 719,000 405,250

Change -484,661 -22,959 -27,056

June ’03 213,336 331,890 119,000

+Revenue 5,645,247 719,439 442,146

-Expenses 6,385,243 791,520 423,565

Change -739,996 -72,081 18,581

June ’04 -526,660 259,809 137,581


Historical Analysis

1994 1995 1996 1997 1998 1999 2000 2001 2002

Students Teachers Support Staff

796

61

36

1031

91

64


Historical Analysis

0

1020

3040

5060

70

94 95 96 97 98 99 '00 '01 '02

EAV (In Millions)

Residential Farmland

4.83 4.88 4.87 4.96 4.84 4.90 5.21 5.20 5.06Tax Rate


Historical Analysis

Education Fund Revenue

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

94 95 96 97 98 99 '00 '01 '02

General State Aid Local Tax


Historical AnalysisJune Fund Balances

-200,000

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

95 96 97 98 99 '00 '01 '02 '03

Education Building Transportation

Working Cash Bond & Interest


Working Cash Bonds

• What is Working Cash• Working Cash – 1996

$289,000

• Working Cash – 2001Future Building Down Payment$525,000

• Working Cash – Nickel LevyCan be Supplement to the Education FundApproximately $45,000


Recent ConditionsEffecting the Budget

State AidFoundation Level did not increaseThe typical $100 increase would have

produced $100,000 of additional revenueGrants cut by $100,000

Equalized Assessed ValuationFarmland reassessment


State Aid FormulaEffect on the Budget

FactorsEAV used to calculate potential local tax

contributionFormula assumes $3 Ed Fund Tax Rate

• TV raised the rate from $2.30 to $2.84 in 1991• TV essentially loses potential State Aid

Average Daily Attendance (ADA)CPPT – Commercial Property TaxFoundation Level – minimum needed per student


State Aid FormulaEffect on the Budget

2,726,4002,158,400

2,442,4002,442,400 2,442,4002,580,000

2,717,600

1,961,500

1,905,000

1,905,0002,205,000

2,505,0002,505,000

2,448,500 2,205,000

Base 4570 5170 76 96 950 1050 3.00 3.16

Local Tax State Aid

Foundation Level

Increases

EAVIncreases

ADAIncreases

Ed Fund Tax RateFoundation 4870EAV 86 milADA 1000ED Rate $2.84


ImprovementsFootball Start – Up

Expenses• Lights $53,645• Bleachers $43,826• Fence $11,490• Grading & Irrigation $22,774• Concession $15,372• Uniforms & Equipment $25,953*• Total $173,060

Revenue• Site and Construction Fund• Booster Club• Matching Grants• Donations• *Ed Fund


Improvements

Marching Band Start - Up

Instruments $12,000Uniforms $15,836*Total $27,836

* Ed Fund


Improvements

Trainable Mentally Handicapped (TMH)

Building AdditionCostFundingImpact on the School


Improvements

Greenhouse

Building Cost $50,000FundingYearly Cost/RevenueImpact on the School


Improvements

Integrated Learning System

Program Cost Yearly CostImpact on the School


Ideas under Consideration

Adjust Tax LevyLevy less in Building, Transportation,

Life/SafetyLevy 4 cents Working Cash for Ed Fund

Ed Fund Tax ReferendumCurrently $2.84 Add 30-40 centsNovember 2003 Available ’04-’05April 2004 Available ’05-’06



Transfer Working Cash to Ed Fund

$525,000 future building $475,000 available today uncommitted$170,000 transferred ’03-’04



Budget Cuts$200,000 cut for ’03-’04Spread cuts across entire districtContracted Services

• TVEA Contract prohibits during the life of the Contract

• Bus – No Savings expected• Janitorial – Possible savings offset by reduced

quality• Cafeteria – Under investigation for the future



Budget CutsIncrease Class Size K-8

• 4 sections/grade 19-23 students/class• 3 sections/grade 25-30 students/class

– 7 teaching positions effected– Approximately $30,000 per teacher

Increase Class Size High School• Eliminate Overload • Reduce Family and Consumer Science position• Reduce Ag Department


Ideas under ConsiderationBudget Cuts

Other Staff• Gifted Program• HS Lunch room supervisor• Media Center Aid reduced time• Chaperones• HS Technology Coordinator• Designated Principal• Saturday only Detentions

Supplies



Extracurricular Cuts

Athletics• Assistant Athletic Director

• Weight Room Coordinator

• 6th grade sports

• Assistant coaches

• Freshman sports

• Reduced supply budget

• HS Cheerleading Football

Fine Arts

• 4th-6th grade play

• Assistant marching band

• Band uniforms for growth

• Supplies and travel



Budget Savings

Increased Fees• School Fee raised from $55• Activity Fee raised from $25 grades 7-12• Athletic Fee per sport

Move to the MidState Conference


How You Can Help

• Contact your legislators• Share ideas with Board Members• Support Referendum• Fund Raising

Scrip ProgramEducation Foundation

• Consider running for the School Board4 seats open April ’03


Questions

Tri-Valley School Board

Documents

Transcript of Tri-Valley School Board