Board of Education Meeting 2018-2019 General Fund Budget June 11, - - PDF document

board of education meeting 2018 2019 general fund budget
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Board of Education Meeting 2018-2019 General Fund Budget June 11, - - PDF document

UTICA COMMUNITY SCHOOLS Board of Education Meeting 2018-2019 General Fund Budget June 11, 2018 1 Utica Community Schools Vision & Mission Vision All children have the right to a rigorous, high-quality education w hich meets their


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UTICA COMMUNITY SCHOOLS

Board of Education Meeting 2018-2019 General Fund Budget

June 11, 2018

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Vision

  • All children have the right to a rigorous, high-quality education

w hich meets their individual needs. UCS w ill respect, encourage and empow er each and every student to acquire the necessary know ledge, skills and attitudes to be successful, contributing members of a diverse community and global society. Mission

  • We are committed to exemplary teaching and learning in order

for our students to be prepared for success in the 21st Century. We w ill achieve this commitment by engaging the entire community to focus on each child's achievement, w ith the expectation that every student w ill pursue some type of post- high school educational endeavor.

Utica Community Schools Vision & Mission

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District Goals:

  • Providing Academic Excellence
  • Promoting Student Innovation
  • Preparing Positive Digital Citizens
  • Ensuring Accountability

Utica Community Schools 2018-2019 General Fund Budget

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What Drives the General Fund Assumptions? Assumptions:

  • Student enrollment
  • Foundation Allow ance (dollars per pupil)
  • Property tax revenue loss – Headlee rollback ($1.1M)
  • Resources and associated services are focused in the

classroom

  • Contractual obligations
  • Benefit costs (retirement, healthcare and dental)

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General Fund FY 2018-2019 Projection Under Governor’s Budget Proposal

General Fund Projection

Revenue $ 277.3M Expenditures (281.6)M Expenditures over Revenue $ (4.3)M July 1, 2018 Beginning Fund Balance 18.5M June 30, 2019 Estimated Ending Fund Balance $ 14.2M

5.1%

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FY 2018-2019 Revenue by Source

Revenue Assumptions

  • Projected enrollment of

27,261

  • $224 Increase to

Foundation Allowance (Governor's Proposal)

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Total $277.3 Million

$10.6M, Federal, 4% $30.0M, Local - Non- homestead, 11% $227.1M, State, 82% $2.5M, Local - Other, 1% $7.1M, Other Financing Sources, 2%

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FY 2018-2019 Expenditures by Function

Expenditure Assumptions

  • Salary and wages at

2017-2018 levels

  • Personnel spending is

a result of Collective Bargaining Agreements

  • Non-personnel budgets

are based on projected costs

Total $281.6 Million

7 $224.3M, Instruction & Instructional Support, 79.6% $14.8M, School Administration, 5.3% $7.7M, Business & General Administration, 2.7% $19.8M, Operations, 7.0% $11.7M, Transportation, 4.2% $3.1M, Athletics, 1.1% $0.2M, Community Activity, 0.1%

FY 2018-2019 Expenditures by Object

Total $281.6 Million

Wages and Benefits account for 86.7% of Total Expenditures

8 $147.8M, Wages, 52.5% $58.9M, Retirement, 20.9% $10.6M, FICA, 3.8% $22.3M, Health Care, 7.9% $4.6M, Other Benefits, 1.6% $22.0M, Purchased Services, 7.8% $15.4M, Other, 5.5%

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General Fund FY 2018-2019 Projection Under Governor’s Budget Proposal

General Fund Projection

Revenue $ 277.3M Expenditures (281.6)M Expenditures over Revenue $ (4.3)M July 1, 2018 Beginning Fund Balance 18.5M June 30, 2019 Estimated Ending Fund Balance $ 14.2M

5.1%

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