HISD BUDGET & TAX RATE PUBLIC HEARING 8-24-17 17-18 Budget - - PowerPoint PPT Presentation

HISD BUDGET & TAX RATE PUBLIC HEARING 8-24-17

17-18 Budget Assumptions

• Current Enrollment:

6,946

• Projected Enrollment:

7,456 +510 +7.3%

• Property Value Growth: 15%

$2.6 Billion

• Tax Rate – M&O

$1.17

• Tax Rate – I&S

$0.4500

• Total Tax Rate

$1.62

• 16-17 Total Budget

$58.9M

• 17-18 Projected Budget

$63.7M

• 16-17 Cost per Student

$8,479

• 17-18 Projected Cost Per Student

$8,548

• 1,028 Independent School Disticts

148th (17/18 138th est.)

Enrollment Projections

• Total Students

16-17 6,946

• Projected Students

17-18 7,456

• Student Net Increase

+510 (7.3%)

• Student Growth Makeup

+510

• Elementary Growth

+239

47%

• Middle School Growth

+143

28%

• HS Growth

+128

25%

• Total Students

7,456

• Elementary Students:

3,677

• Middle School Students:

1,746

• High School Students:

2,033

DEMOGRAPHICS 06-07

DEMOGRAPHICS 16-17

White 37.5% Hispanic 43% African-American 12.9% Native American 0.2% Asian/Pacific Islander 1.3% 2 or More 5.1%

16-17

Free/Reduced Lunch Students: 42%

Accelerated Instruction/Comp Ed

6100 - Salaries $2,704,377 6300 – Supplies $ 40,879 6400 – Fees/Misc $ 6,457 Total Accelerated Instr/Comp Ed $2,751,713

FOOD DE BT GE NE RAL SE RVICE SE RVICE FU NCTION FU ND FU ND FU ND E stimated Rev enues 5711 - PROPERTY TAXES 31,840,000 $ 11,750,000 $ 5700 - OTHER LOCAL REV ENUE 1,446,000 $ 1,233,150 $ 5800 - STATE REV ENUE 30,050,000 $ 40,116 $ 376,000 $ 5900 - FEDERAL REV ENUE 1,120,000 $ 2,033,997 $ Total E stimated Rev enue 64,456,000 $ 3,307,263 $ 12,126,000 $ E stimated E xpenditures 11 - Instruction 37,050,839 $ 12 - Instructional Resources 374,487 $ 13 - Curriculum and Staff Develop 2,311,774 $ 21 - Instructional Leadership 265,980 $ 23 - Campus Administration 3,232,176 $ 31 - G uidance & Counseling 1,575,158 $ 33 - Health Services 757,564 $ 34 - Pupil Transportation 3,062,760 $ 35 - Food Service 13,000 $ 3,289,163 $ 36 - Co-Curricular Activities 1,680,837 $ 41 - G eneral Administration 2,073,286 $ 51 - Maintenance and Operations 6,256,912 $ 52 - Security and Monitoring 1,069,087 $ 53 - Data Processing 1,833,272 $ 61 - Community Services 949,868 $ 71 - Debt Service 850,000 $ 12,465,000 $ 95 - Payments to JJAEP's 55,000 $ 99 - Other Intergov. Charges 325,000 $ Total Estimated Ex penditures 63,737,000 $ 3,289,163 $ 12,465,000 $ TAX RATE : 1.17 $ 0.4500 $ Ex cess/(Deficiency) 719,000 $ 18,100 $ (339,000) $ Total Rev enues - All Funds 79,889,263 $ Total E xpenditures - All Funds 79,491,163 $ E xcess/(Deficiency) 398,100 $

PROPOSED BUDGET 2017-18 HUTTO INDEPENDENT SCHOOL DISTRICT

2016-17 2017-18 16-17 17-18 FUNCTION ACTUAL BUDGE T PROPOSE D BUDGE T PE R PUPIL PE R PUPIL INSTRUCTION 11 - Instruction 33,825,000 $ 37,050,839 $ 4,870 $ 4,969 12 - Instructional Resources, Media 255,000 $ 374,487 $ 37 $ 50 13 - Curriculum/Staff Development 1,987,000 $ 2,311,774 $ 286 $ 310 95 - Payments to JJAEP's 55,000 $ 55,000 $ 8 $ 7 Total Instruction 36,122,000 $ 39,792,100 $ 5,200 $ 5,337 $ INSTRUCTIONAL SUPPORT 21 - Instructional Leadership 295,000 $ 265,980 $ 42 $ 36 23 - School Leadership 3,170,000 $ 3,232,176 $ 456 $ 434 31 - Guidance & Counseling, Evaluation 1,350,000 $ 1,575,158 $ 194 $ 211 32 - Social Services

• $
• $
• $
• 33 - Health Services

695,000 $ 757,564 $ 100 $ 102 36 - Co-Curricular/Ex tra-Curricular Activities 1,916,000 $ 1,680,837 $ 276 $ 225 Total Instructional Support 7,426,000 $ 7,511,715 $ 1,069 $ 1,007 $ CE NTRAL ADMINISTRATION 41 - General Administration 2,195,000 $ 2,073,286 $ 316 $ 278 DISTRICT OPE RATIONS 51 - Maintenance and Operations 5,760,000 $ 6,256,912 $ 829 $ 839 52 - Security and Monitoring 1,025,000 $ 1,069,087 $ 148 $ 143 53 - Data Processing 1,540,000 $ 1,833,272 $ 222 $ 246 34 - Student Transportation 2,713,000 $ 3,062,760 $ 391 $ 411 35 - Food Services 3,420,000 $ 3,302,163 $ 492 $ 443 Total District Operations 14,458,000 $ 15,524,194 $ 2,081 $ 2,082 $ DE BT SE RVICE 71 - Debt Service 13,175,000 $ 13,315,000 $ 1,897 $ 1,786 OTHE R 61 - Community Services 825,000 $ 949,868 $ 119 $ 127 81 - Facilities Acquisition & Construction 90,000 $

• $

13 $

• 93 - Payments to Fiscal Agents
• $
• $
• $
• 99 - Intergov Charges-Tax

Appraisals 263,000 $ 325,000 $ 38 $ 44 Total Other 1,178,000 $ 1,274,868 $ 170 $ 171 $ Total Estimated Ex penditures - ALL FUNDS 74,554,000 $ 79,491,163 $

10,733 $ 10,661

Total Estimated Ex penditures - OPERATING 58,894,000 $ 63,737,000 $

8,479 $ 8,548

Total Tax Rate 1.6655 $ 1.62 $ Estimated number of Students Served 6,946 7,456

HUTTO INDEPENDENT SCHOOL DISTRICT PROPOSED BUDGET SUMMARY COMPARISON - 16/17 TO 17/18 PER PUPIL COST BUDGET SUMMARY

EXPENDITURE HIGHLIGHTS

• Staff Raises: 2.3% Teachers 2% Staff

$ 1,000,000

• Additional Staffing-Growth

$ 2,465,000

• Increase in Benefit Costs $341 to $351/month

$ 725,000

• Campus Budget Increases-Growth

$ 175,000

• Buses/vehicles

(2 buses, 1 mini)

$ 250,000

• Technology

$ 535,000

• Career and Tech

$ 250,000

• Employee Retention/Energy Savings

$ 275,000

Tax Rate Reduction Option

.01 cent = $266,000 Property Value Growth: 15% vs 10% Current Proposed M&O $1.17 $1.17 Debt Service $ .4955 $ .4500 Total Tax Rate $1.6655 $1.6200 (.0455) Reduce Debt Service Tax Rate to $0.4500 $11,750,000 (100%) State Aid $ 376,000 Bond Payment $12,465,000 Potential use of Fund Balance ($339,000) 16-17 Added to Fund Balance + 406,000

ORIGINAL BUDGE T AME NDE D FUNCTION BUDGE T AME NDME NTS BUDGE T E stimated Rev enues 5711 - PROPERTY TAXES 25,296,000 $ 2,149,000 $ 27,445,000 $ 5700 - OTHER LOCAL REVENUE 1,446,000 $ 74,000 $ 1,520,000 $ 5800 - STATE REVENUE 30,226,000 $ (76,000) $ 30,150,000 $ 5900 - FEDERAL 1,120,000 $ 145,000 $ 1,265,000 $ Total E stimated Rev enue 58,088,000 $ 2,292,000 $ 60,380,000 $ E stimated E xpenditures 11 - Instruction 34,469,015 $ (644,015) $ 33,825,000 $ 12 - Instructional Resources 381,910 $ (126,910) $ 255,000 $ 13 - Curriculum and Staff Develop 1,685,174 $ 301,826 $ 1,987,000 $ 21 - Instructional Leadership 156,665 $ 138,335 $ 295,000 $ 23 - Campus Administration 3,192,652 $ (22,652) $ 3,170,000 $ 31 - Guidance & Counseling 1,238,309 $ 111,691 $ 1,350,000 $ 33 - Health Services 682,661 $ 12,339 $ 695,000 $ 34 - Pupil Transportation 2,416,274 $ 296,726 $ 2,713,000 $ 35 - Food Service 10,000 $

• $

10,000 $ 36 - Co-Curricular Activities 1,649,286 $ 266,714 $ 1,916,000 $ 41 - General Administration 2,081,839 $ 113,161 $ 2,195,000 $ 51 - Maintenance and Operations 4,647,637 $ 1,112,363 $ 5,760,000 $ 52 - Security and Monitoring 885,653 $ 139,347 $ 1,025,000 $ 53 - Data Processing 1,317,820 $ 222,180 $ 1,540,000 $ 61 - Community Services 808,105 $ 16,895 $ 825,000 $ 71 - Debt Service 930,000 $ (5,000) $ 925,000 $ 81 - Capital Outlay 115,000 $ (25,000) $ 90,000 $ 93 - Payments to Fiscal Agents 1,100,000 $ (1,100,000) $

• $

95 - Payments to JJAEP's 75,000 $ (20,000) $ 55,000 $ 99 - Other Intergov. Charges 245,000 $ 18,000 $ 263,000 $ Total Estimated Ex penditures 58,088,000 $ 806,000 $ 58,894,000 $ Ex cess/(Deficiency)

• $

1,486,000 $

HUTTO INDEPENDENT SCHOOL DISTRICT OFFICIAL AMENDED BUDGET 2016-17 GENERAL FUND

ORIGINAL BUDGE T AME NDE D FUNCTION BUDGE T AME NDME NTS BUDGE T E stimated Revenues 5700 - LOCAL REVENUE 1,110,747 $ 169,253 $ 1,280,000 $ 5800 - STATE REVENUE 17,000 $ 15,000 $ 32,000 $ 5900 - FEDERAL REVENUE 1,816,591 $ 298,409 $ 2,115,000 $ Total E stimated Revenue 2,944,338 $ 482,662 $ 3,427,000 $ E stimated E xpenditures 35 - Food Service 2,926,238 $ 986,994 $ 3,410,000 $ Total Estimated Expenditures 2,926,238 $ 986,994 $ 3,410,000 $ Excess/(Deficiency) 18,100 $ 17,000 $ ORIGINAL BUDGE T AME NDE D FUNCTION BUDGE T AME NDME NTS BUDGE T E stimated Revenues 5700 - LOCAL I&S TAXES 10,725,000 $ 875,000 $ 11,600,000 $ 5800 - STATE REVENUE 1,422,120 $ (567,120) $ 855,000 $ 7900 - SALE OF BONDS

• $

201,000 $ 201,000 $ Total E stimated Revenue 12,147,120 $ 508,880 $ 12,656,000 $ E stimated E xpenditures 71 - Debt Services 12,147,120 $ 500,000 $ 12,250,000 $ Total Estimated Expenditures 12,147,120 $ 500,000 $ 12,250,000 $ Excess/(Deficiency)

• $

406,000 $

AMENDED DEBT SERVICE FUND 16-17 AMENDED FOOD SERVICE FUND 16-17

State Share: 24% 19% 21% 19% 17% 17% 14% 7% 3%

Name Property Type Taxable Value % of Total Value

• 1. BRE MF Star Ranch LLC

Apt Complex 48,290,836 $ 1.87%

• 2. Fairways @ Star Ranch 1&2

Apt Complex 44,738,073 $ 1.73%

• 3. ONCOR Electric Co

Utility 37,489,501 $ 1.45%

• 4. HEB Grocery Company LP

Commercial 20,259,020 $ 0.78%

• 5. Wal-Mart Real Estate

Commercial 17,295,016 $ 0.67%

• 6. SEDC DEVCO INC

Commercial 15,729,640 $ 0.61%

• 7. Lowes Home Center

Commercial 10,583,526 $ 0.41%

• 8. Matthews-Barnes Brothers Inv

Commercial 10,522,434 $ 0.41%

• 9. Williamson Health Realty LLC

Commercial 10,115,071 $ 0.39%

• 10. Tack Townhomes LLC

Real Estate 9,766,745 $ 0.38% TOTALS 224,789,862 $ 8.68%

TOP TEN TAXPAYERS - 2017

Residential: 65% Comm/Ind: 7%

2017 Tax Rate Info

• Proposed Maintenance & Operations Tax Rate:

1.17

• Proposed Debt Service (I&S) Tax Rate:

.45

• Total Proposed Tax Rate:

1.62

• Tax Decrease over prior year

.0455

• Effective Tax Rate

1.57

• Rollback Tax Rate

1.6397

• Average Taxable Value of Residence – 2016:

178,989

• Average Taxable Value of Residence – 2017:

196,606

• Average Increase in Taxes on a Home:

203.95

Legislative Update

• $60 million for Charter Schools
• Texas Commission on Public School Finance
• $60 million EDA Funding
• $212 million – retired educators TRS-Care
• Charter Schools + $1.4 Billion state aid
• ISD’s -$2.97 Billion drop in aid