Wilmette Public School District 39 Board Of Education FINANCIAL - PowerPoint PPT Presentation

Wilmette Public School District 39 Board Of Education FINANCIAL PROJECTIONS FY19-23 December 18, 2017 Gail F. Buscemi Business Manager

Revenue Assumptions • Property Tax revenue is projected to increase by CPI plus new property growth each year. Bloomberg’s estimate of CPI for FY 19-23 is reflected in the assumptions • General State Aid and State Mandated Categorical Grants assumes FY 2018 remains flat for FY 19-23 • Federal Aid assumes level revenue for FY 18-23 • Corporate Personal Property Replacement Tax (CPPRT) assumes level revenue • Interest income is budgeted at 0.75% of the last fiscal year’s fund balance • Local revenues in the Educational, Transportation and Operations and Maintenance Funds reflect the current fee structure

Expenditure Assumptions • Certified salaries are based on the negotiated contract through FY 19 and reflect increases in FY 20-23 • Support staff and Administrative salaries are projected at CPI increases FY 19-23 with a floor of 2% • Health insurance costs are projected to increase 10% per Year • The proposed Pension Cost Shift estimates are reflected in FY19-23 • Purchased services, Outplaced Tuition and Supplies are projected to increase by 3% per Year • Planned Capital Projects are built into the model

Operating Funds Combined Fund Balance Standard Assumptions 80.0% 70.0% 72.4% 67.3% 60.0% 59.0% Percentage of Total Expenditures 50.0% 51.4% 49.8% 40.0% 43.6% 39… 37.3% 30.0% 20.0% 10.0% 0.0% FY16 Actual FY17 Actual FY18 FY19 Proj FY20 Proj FY21 Proj FY22 Proj FY23 Proj Budget

Operating Funds Combined Fund Balance Chart 2 One Year Tax Freeze-2017 80.0% 70.0% 72.4% 67.3% 60.0% Percentage of Total Expenditures 59.0% 50.0% 48.2% 40.0% 43.8% 35.1% 30.0% 28.2% 24.1% 20.0% 10.0% 0.0% FY16 Actual FY17 Actual FY18 Budget FY19 Proj FY20 Proj FY21 Proj FY22 Proj FY23 Proj

Operating Funds Combined Fund Balance Chart 3 With Tax Freeze 2018 & 2019 80.0% 72.4% 70.0% 67.3% 60.0% 59.0% Percentage of Total Expenditures 50.0% 49.4% 44.3% 40.0% 33.4% 30.0% 24.4% 20.0% 18.3% 10.0% 0.0% FY16 Actual FY17 Actual FY18 FY19 Proj FY20 Proj FY21 Proj FY22 Proj FY23 Proj Budget

Operating Funds Chart 4 Combined Fund Balance With Tax Freeze 2017, 2018 & 2019 80.0% 72.4% 70.0% 67.3% 60.0% 59.0% Percentage of Total Expenditures 50.0% 47.1% 40.0% 39.8% 30.0% 26.9% 20.0% 15.9% 10.0% 7.9% 0.0% FY16 Actual FY17 Actual FY18 FY19 Proj FY20 Proj FY21 Proj FY22 Proj FY23 Proj Budget