8/10/2019 SDP Five-year Financial Plan 2015-2019
1/31
E C DC F ADEA
FEEA FACA A
20152019
D 2014
A
. D
D
, , .
8/10/2019 SDP Five-year Financial Plan 2015-2019
2/31
1
L
D 18, 2014
M C:
D ; . A
D D
D .
A D
C . F , I C (C)
F F D .
F F 2012, D
D .
. A, , D :
$140 / ;
C 24 ;
D ;
$337 , , C ,
C ;
E D ;
I ;
C C .
D , D . D . O ,
, , D
5,000 , ,
,
.
, , .
H, 20152019 F F . I
D .
, . M $30 , F16 $152 F19.
I F F ,
.
C C
. , C
$309 F16 $913 F19.
8/10/2019 SDP Five-year Financial Plan 2015-2019
3/31
2
.
D ;
8 ; :
, , ;
C, , ;
O ;
M , A, I B, ;
H ;
D D ;
F ;
F .
D . C
.
,
. H, J. E.D.
8/10/2019 SDP Five-year Financial Plan 2015-2019
4/31
3
DC
I , D
D
C , C , .
:
M ;
M ;
B ;
I , , .
D C $309 F16 $913
F19 , ; $200
. , D
.
1: C / A F15 ( )F16 F17 F18 F19
C 102,964 178,951 241,160 304,349
205,928 357,901 482,319 608,698
308,892 536,852 723,479 913,048
L $49,132 $51,365 $54,048 $57,240
/ $358,024 $588,217 $777,527 $970,288
M D
C . M F F
(.., F F )
C, , D .
I F F , D
(.., F F I ).
,
.
. D F F I
D 18, 2014. I
D A , D.
A, D
.
E , D
. D , ,
.
D . I ,
D , D 24
8/10/2019 SDP Five-year Financial Plan 2015-2019
5/31
4
. A,
, D
. ,
, ,
, , D
D $15 .
E F15
F (F),
$30 F16 $374 F16 F19.
.
$115 ,
1.1 ,
$282 , 2.6
.
I , D
C C .
D
. C
.
C 1
2,604 2,662 2,747 2,816 2,885
2,6192,631
2,670
2,7012,734
2,400
2,500
2,600
2,700
2,800
2,900
F15 F16 F17 F18 F19
$()
F15 F19 . E
E
A G
+ 15 M $30 M $76 M $116 M $152 M
E
C
.
8/10/2019 SDP Five-year Financial Plan 2015-2019
6/31
5
:
. F15 B . D F15B.
. F F . C. I
.
. C D . D
.
. F F . D D
.
. . , . .
. G F. D
D .. C . D
D
.
. F15 BDGE EE
I J 2014, C (C), D ,
F15 $93
. J, D $49
, $19 , $10
. A, D F14 ($28) ($15) . F, O 2014, D
$15 , :
;
K, ;
I ;
, , , ;
A ;
M .
D F15 . D
F15 $2,619 $2,604
, $15 . D
F14 $15 . A , D F15
.
8/10/2019 SDP Five-year Financial Plan 2015-2019
7/31
6
. FEEA FACA A ADEAE A
. E ,
. I . I
D .
FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19 Compounded Annual
5 Year Plan Projected Projected Projected Projected Growth Rate
(12/2014) (12/2014) (12/2014) (12/2014) (12/2014) FY14-15 to FY18-19REVENUES & OTHER FINANCING SOURCES
Local Tax Revenues $1,079,035 $1,113,748 $1,134,704 $1,158,852 $1,184,396 2.4%
Local Non-Tax Revenues $135,773 $105,773 $105,773 $105,073 $105,073 -6.2%
State Revenues $1,373,469 $1,396,414 $1,414,771 $1,421,413 $1,428,991 1.0%
Federal Revenues $11,258 $11,258 $11,258 $11,258 $11,259 0.0%
Other Financing Sources $18,977 $3,989 $3,989 $3,989 $3,989 -32.3%
TOTAL REVENUES & OTHER FINANCING SOURCES $2,618,512 $2,631,181 $2,670,495 $2,700,585 $2,733,708 1.1%
$13 $12,669 $51,983 $82,073 $115,196
EXPENDITURES
District Operated Schools
Dis tric t Operated Sc hools - Ins truc tional $998, 507 $1,027, 421 $1,055,770 $1,069,917 $1,086,206 2.1%
District Operated Schools - Instructional Support $7,130 $7,308.38 $7,483 $7,608 $7,738 2.1%
District Operated Schools - Pupil/Family Support $74,235 $76,606.83 $78,733 $79,833 $81,011 2.2%
Dis tric t Operated Sc hools - Operati ng Support $325, 906 $336,613.64 $352, 151 $364, 095 $376,480 3.7%
District Operated Schools - Labor Savings ($14, 315) ($48, 546) ($50,752) ($53,401) ($56,553) 41.0%
Total District Operated Schools $1,391,463 $1,399,404 $1,443,386 $1,468,052 $1,494,882 1.8%
Non-District Operated Schools
Charter Schools $727,949 $769,250 $798,077 $834,111 $864,976 4.4%
Charter Schools Transportation $36,608 $37,594 $38,157 $38,787 $39,320 1.8%
Other Non-District Operated Schools $87,218 $88,090 $88,970 $89,859 $90,757 1.0%
Non-District Operated Schools Transportation $20,775 $21,139 $21,510 $21,890 $22,279 1.8%
Total Non-District Operated Schools $872,551 $916,072 $946,714 $984,648 $1,017,332 3.9%
Debt Service $276,533 $281,918 $290,303 $296,050 $304,501 2.4%
Administrative Support Opera tions (Central Offices)
Administ rat ive Support Operat ions (Cent ral Offi ces ) $72,438 $74,540 $76,616 $77,837 $79,125 2.2%
Administrative Labor Savings ($173) ($586) ($614) ($647) ($687) 41.2%
Total Administrative Support Operations (Central Offices) $72,265 $73,954 $76,002 $77,190 $78,438 2.1%
Undistributed Budgetary Adjustments ($9,122) ($9,686) ($9,679) ($9,671) ($9,664) 1.5%
TOTAL EXPENDITURES $2,603,691 $2,661,663 $2,746,727 $2,816,269 $2,885,489 2.6%
REVENUE ENHANCEMENT /
EXPENDITURE REDUCTIONSFY15-19 Cumulative
Revenues/Reductions
Additional Revenues / Expenditure Reductions $0 $30,482 $76,232 $115,684 $151,782 $374,179
OPERATING/FUND BALANCE
Operating S urplus/(Deficit) $14,821 $0 $0 $0 $0
Transfers from Reserves $0 $0 $0 $0 $0
Fund Balance at Beginning of Year - July 1 ($14,821) $0 $0 $0 $0
ENDING FUND BALANCE
Fund Balance at End of Year - June 30 $0 $0 $0 $0 $0
FY2015-FY2019 FIVE YEAR FINANCIAL PLAN
Operating Funds
(in thousands)
$15
$0 $0 $0 $0$0 $0 $0 $0 $0$0
$5
$10
$15
$20
FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19
$(inmillions)
OperatingSurplus/(Deficit)
Fund Balance atEnd of Year -June 30
8/10/2019 SDP Five-year Financial Plan 2015-2019
8/31
7
D
F15
F16 1.1
. B F15
F19, D $115
, $2,619 F15 $2,734 F19. A $75
C , $56 C
. D F15 F19
. D $45
F15 F16.
C 2
L L
2.4 , $105 F15 F19.
, 62
F15. $77 F15
F19. O , , ,
, , ,
$29 F15 F19. ,
C F .
L N L $31
F15 F16 F19.
$30 D F15. L
C G, A C, G
, A. I F15, C 73
.
, 5
, 26
, 49
, 75
E, 21
E, 37
E, 42
E, 46
A O, 2
A O, 4
A O, 6
A O, 9
F
, (15)
F
, (15)
F
, (15) F
, (15)(40)
(20)
0
20
40
60
80
100
120
140
F16 F17 F18 F19
$()
C G A F15
, 41
, 48
, 56
, 23
D $45
F15 F16.
8/10/2019 SDP Five-year Financial Plan 2015-2019
9/31
8
B F15 F19,
$56 ,
.
,
68
F15. G , ,
. O ,
, E (E).
E $46
, E . I E
, ,
$9 ,
0.2 .
F F F15 .
, 98 , F D
. F .
O F O $15 F15
F16 . $15
.
F15 F19 $4
.
E
A D , D . ,
F16 F19 F15 ,
F11. E
,
.
$282 F15 F19, $243 , 86
,
, , .
. C $140
,
. A, D
,
E (E) 21.4 31.3 ,
$75 E F15 F19. F,
D F19. D
N E ,
$9
.
O $282
, $243 , 86 ,
,
,
.
8/10/2019 SDP Five-year Financial Plan 2015-2019
10/31
9
$277 F15 $305 F19, $28
.
, D
D
D
$49 F16 $200
F
. I
D
, D
F19 $280
.
D 87
D . D D
( ), (11 ),
( ). D
.
2: M E I ( )
F15 F19C
CD O $1,391,463 $1,494,882 $103,418
C $764,558 $904,296 $139,738
O D $107,993 $113,036 $5,043
D $276,533 $304,501 $27,968
A O $72,265 $78,438 $6,173
B A ($9,122) ($9,664) ($542)
E $2,603,691 $2,885,489 $281,799
D O
D D . I F15,
$1,391 D $2,604 ,
, . N $894
. , $272 , , , , D .
$225 ,
, , , E
, , , .
O , ,
$103 , 1.8 . I
C
, $140
, $75
D, $28
, $39
0
50
100
150
200
250
300
F15 F19
$()
E
F15 F19
C 3
8/10/2019 SDP Five-year Financial Plan 2015-2019
11/31
10
D F16
F19 F15,
.
, , , .
A
I F15, ( ) D
. D $6
F15 F19, . A
2.1 .
D
D . I F15,
11 D . B ,
$28 , $277 F15 $305 F19.
, D , ,
D
D .
C
B F15 F19,
$140 , $137
$3
.
. O
,
5,500 . $57 $140 . $82
$140 .
, D
, .
D , ,
D ,
.
OD
D
. D
.
C .
,
D
.
D
C
.
8/10/2019 SDP Five-year Financial Plan 2015-2019
12/31
11
F, D
. A , D
. I F15, D
$108 , $87
$21 . O
. B F19, D
$5 , 1.1 .
B A
. :
/ (.., );
L (.., );
B (.., ).
O , ($9) .
C 4
F G
M . E
F (F)
, D $282 F15 F19. D
, $115
1,383 1,390 1,434 1,4591,486
277 282290 296
305
765 807836 873
904
108 109110
112113
7273
76 7778
0
500
1,000
1,500
2,000
2,500
3,000
F15 F16 F17 F18 F19
$()
F15 F19 E F
D D C O D. A
8/10/2019 SDP Five-year Financial Plan 2015-2019
13/31
12
F16 $30 . O , , $374 .
, D $30
F16, $76 F17, $116 F18, $152 F19 C
C . I C C
, D
.
3: F M I F15 L ( )
D
F15 F16 F19,
.
. CD C DC AFA
D C
C . H,
D D
. . ,
D D
.
I , , C C
D
. ,
D.
.
, DE363,
. DE363 D
, . F ,
C , ,
, .
o : C
.
F16 F17 F18 F19F15F19
C
$2,631,181 $2,670,495 $2,700,585 $2,733,708 $10,735,970
E $2,710,795 $2,798,092 $2,870,317 $2,942,729 $11,321,934
L ($49,132) ($51,365) ($54,048) ($57,240) ($211,785)
F G (E
)($30,482) ($76,232) ($115,684) ($151,782) ($374,179)
N C
C $30,482 $76,232 $115,684 $151,782 $374,179
8/10/2019 SDP Five-year Financial Plan 2015-2019
14/31
13
A A B O (ABO),
$350 , $156
1.
. I,
, . A
2 D ,
D
.
o : C
. D $100
.
C IDEA
.
E D D .
D F15 F19,
E 21.4 F15 31.3 F19.
A, E $75 F15
F19. 48 E
$29 E
.
o : C D
.
. A
:
, ,
. ,
D .
o :C , ,
.
1 A B O . E L C C/ F. :
://../%20E%20M%20C%20FINAL.
2A 1314 , D 8.3% , 3.1%
. D 6.5% , 2.1% .
D 1.7% , 0.5% . D
8% / 12.8%
.
8/10/2019 SDP Five-year Financial Plan 2015-2019
15/31
14
D C .
o : C D
.
O D
. I
D .
C D A ,
D .
. FEEA FACA A AFA
C A ,
8, , D .
D D .
I F14, 3 8, 42
45 .
F , , 40 A
. 60 D 100
.
A , , 39 A I K E, 26 B K E, 52 L
K E. G K
,
K .
, D
A
. I
, D $308 D
F16 $485 F19. A, D $359
F19.
4: D C I ( )
F16 F17 F18 F19
D I $307,741 $367,257 $421,184 $485,117
C I $4,373 $144,685 $254,942 $359,913
.
D :
8/10/2019 SDP Five-year Financial Plan 2015-2019
16/31
15
A D ,
.
D , .
, . E D
.
E .
, D
. D
. D , ,
. D A
,
. B
, D
:
1. N, D
2. 3. D
A ( I 1)
8/10/2019 SDP Five-year Financial Plan 2015-2019
17/31
I 1
:
.
,
,
A A
.
16
, , /
,
,
,
D
,
K .
C,
,
,
.
,
.
H &
8/10/2019 SDP Five-year Financial Plan 2015-2019
18/31
17
,
, , .
, , .
/ ,
D
. :
, , D .
, , ,
. F :
o , .., E L
L (ELL) .
o
.
o F
.
o C , ,
, D (I)
(E).
, .
F , A A. F,
A B
D .
D
. , D I
(). ; ,
:
E D , , D .
D I, .
8/10/2019 SDP Five-year Financial Plan 2015-2019
19/31
18
C D , .
D .
C D .
C , , .
D
. D
D
. A D ,
D
.
I D I ,
D D
.
A, D 13,500
F15 F19.
, ,
$500 F19. O , $143
$357 .
I D
, D . , D
.
A
I , D $206
$103 C F16. D
. I
, D $609
C $304 C
.
, C
. .
8/10/2019 SDP Five-year Financial Plan 2015-2019
20/31
19
FEEA FACA A AFA
D
D .
FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19 Compounded Annual
5 Year Plan Projected Projected Projected Projected Growth Rate
(12/2014) (12/2014) (12/2014) (12/2014) (12/2014) FY14-15 to FY18-19
REVENUES & OTHER FINANCING SOURCES
Local Tax Revenues $1,079,035 $1,113,748 $1,134,704 $1,158,852 $1,184,396 2.4%
Local Non-Tax Revenues $135,773 $208,737 $284,724 $346,233 $409,422 31.8%State Revenues $1,373,469 $1,636,045 $1,812,502 $1,947,640 $2,085,569 11.0%
Federal Revenues $11,258 $11,258 $11,258 $11,258 $11,259 0.0%
Other Financing Sources $18,977 $3,989 $3,989 $3,989 $3,989 -32.3%
TOTAL REVENUES & OTHER FINANCING SOURCES $2,618,512 $2,973,777 $3,247,176 $3,467,971 $3,694,635 9.0%
EXPENDITURES
District Operated Schools
District Operated Schools - Instructional $998,507 $1,248,213 $1,321,435 $1,375,863 $1,443,573 9.7%
District Operated Schools - Instructional Support $7,130 $23,629 $24,259 $24,308 $24,332 35.9%
District Operated Schools - Pupil/Family Support $74,235 $113,110 $115,911 $117,229 $119,019 12.5%
District Operated Schools - Operating Support $325,906 $354,194 $370,183 $382,365 $395,007 4.9%
District Operated Schools - Labor Savings ($14,315) ($48,546) ($50,752) ($53,401) ($56,553) 41.0%
Total District Operated Schools $1,391,463 $1,690,600 $1,781,037 $1,846,365 $1,925,378 8.5%
Non-District Operate d Schools
Charter Schools $727,949 $773,472 $942,587 $1,087,887 $1,222,607 13.8%
Charter Schools Transportation $36,608 $37,745 $38,332 $39,952 $41,602 3.2%Other Non-District Operated Schools $87,218 $88,090 $88,970 $89,859 $90,757 1.0%
Non-District Operated Schools Transportation $20,775 $21,139 $21,510 $21,890 $22,279 1.8%
Total Non-District Operated Schools $872,551 $920,445 $1,091,399 $1,239,589 $1,377,245 12.1%
Debt Service $276,533 $281,918 $290,303 $296,050 $304,501 2.4%
Administrative Support Operations (Central Offices)
Administrative Support Operations (Central Offices) $72,438 $91,086 $94,730 $96,285 $97,860 7.8%
Administrative Labor Savings ($173) ($586) ($614) ($647) ($687) 41.2%
Total Administrative Support Operations (Central Offices) $72,265 $90,500 $94,116 $95,638 $97,174 7.6%
Undistributed Budgeta ry Adjustments ($9,122) ($9,686) ($9,679) ($9,671) ($9,664) 1.5%
TOTAL EXPENDITURES $2,603,691 $2,973,777 $3,247,176 $3,467,971 $3,694,635 9.1%
OPERATING/FUND BALANCE
Operating Surplus/(Deficit) $14,821 $0 $0 $0 $0Transfers from Reserves $0 $0 $0 $0 $0
Fund Balance at Beginning of Year - July 1 ($14,821) $0 $0 $0 $0
Fund Balance at End of Year - June 30 $0 $0 $0 $0 $0
FY2015-FY2019 FIVE YEAR FINANCIAL PLAN
Operating Funds(in thousands)
$15
$0 $0$0 $0
$0 $0 $0 $0$0$0
$5
$10
$15
$20
FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19
$$Millions Operating
Surplus/(Deficit)
Fund Balance atEnd of Year - June30
8/10/2019 SDP Five-year Financial Plan 2015-2019
21/31
20
. E A
I F F I F F
.
D C
F (F) . I , .
: D D , , C F16 F19. H, C
D , D
D
. A ,
.
L : F., , D
.
C
F , D
. H,
, , .
F F C ;
D C , C ,
.
$309 F16, $913 F19.
C .
8/10/2019 SDP Five-year Financial Plan 2015-2019
22/31
21
. GA FDG
I , D (D) , ,
. I F15, D $378M F19 D
$333 .
A D , I(A)
B, I I/A, IIN, III,
. O
F16, D
. F ,
.
, H A B G,
, . L/
.
C 5
G F A
,
D 100%
(A G 1) 100% (A
G 2). , :
E 3 4 ;
H ;
;
;
$
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
F15 F16 F17 F18 F19
$(
)
D : G
F15 F19
F G G L / G
8/10/2019 SDP Five-year Financial Plan 2015-2019
23/31
22
H 40 D .
I , D
, , / . C
:
;
;
;
.
A , D
. E
/ D .
G D
80% D :
, A B G.
, / ,
.
. F
.
DEA D E A. /
21 . I A,
I 26 IDEA , ,
.
, A G. , ,
.
, ,
.
B G. :
, , , , ,
,
.
H , , ,
. H
8/10/2019 SDP Five-year Financial Plan 2015-2019
24/31
23
.
. I F15, C
.
A B G ,
.
A B G L B G. D
A B G L G
C E .
A C.
K
/ .
D
.
.
A.
, , , , ,
,
.
H , , ,
. H
.
8/10/2019 SDP Five-year Financial Plan 2015-2019
25/31
24
. CAA EE GA
D C I , , ,
D . D A ,
, , D C O
C B C
D .
C A , C
. A,
D 100% ,
(A G 1), D C I
.
, D C I
, ,
, , .
, , HAC , .
C F
D C I ,
D 30 . D
C I . E D
C I .
(.. , , , , ), ,
, , D ,
.
D D .
D I , D
1989 2015 () $130.0 . H,
D
:
D $7.6 (345), , , , (
), .
64.6 , C O D $320 .
D , ,
, , , , , , ,
; ;
; .
8/10/2019 SDP Five-year Financial Plan 2015-2019
26/31
25
C
401.21
50.02%
C
10.41
1.30%E
51.55
6.43%
82.07
10.23%
A
45.7
5.70%
B C
17.19
2.14%
51.86
6.46%
142.18
17.72%
C
F2015 F2019 C B
: $802.17
C 6
I , C
. D 10 ,
. A ,
:
$92.7 F15 $69.5 F16 $88.6 F17 $74.5 F18 $75.7 F19
F C F15F19 $802.1M, , J 30, 2014 :
$401.2 $142.1 $10.4 $51.5 $82.1 $45.7 $17.2 $51.9
F C $401.2M :
$50.5 ; $132.9 ; $46.3 ; $31.7 ; $112.5 $11.8 ; $15.5
C 7
8/10/2019 SDP Five-year Financial Plan 2015-2019
27/31
26
AED A: EE CE AD EAE
A
L
O
M
B
I CE
B
M
M
M A
I
: A (A), I B,
C : A, A/ AC, A E
: , , , , JOC,
I
&
C
O D
D
I
D D L
D
I
E
E E
L
O
O
M , , K
M D K
F K
M K
I
M K
M K
I F
E
O
M
M
I
I
I
O
M
I .
I
L
EM
8/10/2019 SDP Five-year Financial Plan 2015-2019
28/31
27
E H
D
O
I
I
I
C
,
,
I
F
O
C
A
F
A I
E
F, A
I
O
O
.
I , , , .
,
I
I
I I , ..,
, , , .
, .., IB, CE, A, .
E
, .., ELL
A
O
I ,
M ELL E EOL
M K
F
I
C
I
C E L L
8/10/2019 SDP Five-year Financial Plan 2015-2019
29/31
28
,D
H
E
E
O
H
L
,
I
I ,
, ,
I
I
O
I , ,
I ,
D I D '
I D
A
I
D D
D , .., ELL .
I
E
O
I , ,
I , ,
I
F
C, ,
, .., , , , . .
8/10/2019 SDP Five-year Financial Plan 2015-2019
30/31
29
AED B: ECE F AE G C ADDA
EE
School Level
School Type
SPR
Enrollment
FY15 Budget FY15 Budget with Investments New Investments
$5,400,000 $7,000,000 $1,600,000
FTE Total Spend
Assistant Principal 1 $160,800
Teachers for Gifted/Art 2 $236,000
Reading Specialist 2 $236,000
Math Specialist 2 $236,000
Counselor 2 $236,000
Climate Specialist 1 $118,000
Noon-Time Aides 3 $27,900
Credit Recovery Program $100,000Professional Development $75,000
Family Engagement $50,000
Books and Materials $100,000
Technology $24,300
Total $1,600,000
School Information:
- Increased opportunities for advanced learning, such as advanced placement, dual enrollment, and gifted education
- Increased opportunities to engage in art, music, and extracurricular activities
- Students are well prepared to excel in college and career
- Students requiring additional supports, such as ELL students, special education students, and students scoring below basic, receive the
additional services needed to improve academically
High School
Neighborhood
Intervene
700
Budget Information:
- Books, Materials, Supplies, Technology
Examples of Spend:
- Operations Personnel: Assistant Principals, Secretaries, School Operations Officers
- Instructional Personnel: Teachers, Reading Specialists, Math Specialists
- Support Personnel: Counselors, Nurses, Librarians, Classroom Assistants, Noon-time Aides, Police- Professional Development
- Extra Curricular Time, Extended Day
- Climate / Instructional Programs
- School fosters a safe climate and provides students with appropriate health and counseling services
- Families are engaged in their children's educational success
- Staff are engaged in and benefit from effective professional development related to improving student instruction and school climate
- Students have individualized academic plans based on data / assessments
- Schools operate with enough resources to provide great customer service
Options for Spend:
Expectations:
Investments: Sample High Schools
Below is an example of how a principal may choose to spend additional funding. This is merely an example as principals, with guidance
from their ass istant superintendents, will have autonomy on how to most effectively allocate the additional funds in order to improve student
learning.
- Increased graduation rate
- Improved student retention and decreased drop-out rate
8/10/2019 SDP Five-year Financial Plan 2015-2019
31/31
AED C: FEEA FACA A ADEAE A
FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19 Compounded Annua l5 Year Plan Projected Projected Projected Projected Growth Rate
(12/2014) (12/2014) (12/2014) (12/2014) (12/2014) FY14-15 to FY18-19
REVENUES
Local Sources:
Total Taxes $1,079,035 $1,113,748 $1,134,704 $1,158,852 $1,184,396 2.4%
Non-Tax Revenues $135,773 $105,773 $105,773 $105,073 $105,073 -6.2%
Total Local Sources $1,214,808 $1,219,521 $1,240,477 $1,263,925 $1,289,469 1.5%
State Subsidies:
Gross Basic Education Subsidy $984,001 $984,001 $984,001 $984,001 $984,001 0.0%
Less: Reimbursement of Prior Year I.U. Adanvces ($47,750) ($50,083) ($53,017) ($55,652) ($58,418) 5.2%
Net Basic Education Subsidy $936,251 $933,918 $930,984 $928,349 $925,583 -0.3%
Debt Service Reimbursement $11,636 $12,138 $12,126 $12,126 $12,558 1.9%
School District Special Education $136,307 $136,307 $136,307 $136,307 $136,307 0.0%
Other $226,921 $248,598 $266,648 $272,511 $278,838 5.3%
I.U. Advances $62,354 $65,453 $68,706 $72,121 $75,705 5.0%
Total State Subsidies $1,373,469 $1,396,414 $1,414,771 $1,421,413 $1,428,991 1.0%
Federal:
Non-Categorical $11,258 $11,258 $11,258 $11,258 $11,259 0.0%
Total Federal $11,258 $11,258 $11,258 $11,258 $11,259 0.0%
Total Other Financing Sources $18,977 $3,989 $3,989 $3,989 $3,989 -32.3%
TOTAL REVENUES AND OTHER FINANCING SOURCES $2,618,512 $2,631,181 $2,670,495 $2,700,585 $2,733,708 1.1%
EXPENDITURES
Personal Services:
Salaries & Wages $750,263 $746,029 $747,053 $745,995 $745,207 -0.2%
Employee Benefits $489,644 $495,912 $533,312 $552,286 $572,605 4.0%
Total Personal Services $1,239,907 $1,241,942 $1,280,365 $1,298,282 $1,317,812 1.5%
Professional/Technical Services $38,098 $40,050 $42,048 $43,296 $44,667 4.1%
Utilities $57,759 $57,388 $58,330 $60,133 $62,191 1.9%
Books, Supplies & Equipment $35,040 $35,404 $35,801 $36,234 $36,706 1.2%Debt Service $276,533 $281,918 $290,303 $296,050 $304,501 2.4%
Non-Public Schools Services $13,693 $13,830 $13,969 $14,109 $14,250 1.0%
Charter Schools $727,949 $769,250 $798,077 $834,111 $864,976 4.4%
Property/Transportation/Communication $124,130 $126,060 $127,589 $129,207 $130,750 1.3%
Payments to Other Educational Entities & Alternative Programs $92,507 $93,660 $94,830 $96,017 $97,220 1.3%
Other ($1,925) $2,161 $5,415 $8,830 $12,415 N/A
TOTAL EXPENDITURES & OTHER FINANCING USES $2,603,691 $2,661,663 $2,746,727 $2,816,269 $2,885,489 2.6%
Excess (Deficiency) Revenues and Proceeds Over (Under)
Expenditures and Other Uses$14,821 ($30,482) ($76,232) ($115,684) ($151,782)
Fund Balance (Deficit) July 1 ($14,821) $0 $0 $0 $0
Changes in Reserve & Designations $0 $0 $0 $0 $0
REVENUE ENHANCEMENS /
EXPENDITURE REDUCTIONS
FY15-19 Cumulative
Revenues/Reductions
Additional Revenues / Expenditure Reductions $0 $30,482 $76,232 $115,684 $151,782 $374,179
Fund Balance (Deficit) June 30 $0 $0 $0 $0 $0
FY2015-FY2019 FIVE YEAR FINANCIAL PLAN
Operating Funds
(in thousands)
Top Related