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Board adopts 2018-19 school year budget

Prior to its regular meeting on July 9, the Clover Park School District Board of Directors heard an overview of the proposed 2018-19 school year budget. In her presentation, Kristy Magyar, the district’s director of financial services shared information on 2018-19 enrollment projections, beginning fund balance for the general fund, budgeted expenditures and revenues and materials, supplies and operating costs.

Magyar’s presentation also included budget information for the associated student body, debt service, capital projects and transportation vehicle funds.

For questions about the budget, please call Magyar at 253-583-5021. The presentation is available below.

July 9, 2018

Public Hearing

Adopted Budget for the 2018-19 School Year

Agenda:

  1. Enrollment projections
  2. Budgeted beginning fund balance – general fund
  3. Budgeted revenues – general fund
  4. Budgeted expenditures – general fund
    1. By object
    2. By activity
    3. By program
  5. Materials, supplies & other costs – general fund
  6. Budget reconciliation – general fund
  7. Other funds: ASB, DSF, CPF, TVF    
  8. Four year budgets by fund

2018-19 Enrollment Projections: Annual Average FTE (AAFTE) 

Grades

2017-18 Budget

2017-18 Actual

2018-19 AAFTE Budget

Variance Budget to Budget

Variance Projected to Budget

K-5

     6,898.0

     7,016.7

     6,992.0

        94.0

       (24.7)

6-8

     2,668.0

     2,659.4

     2,773.0

      105.0

      113.6

9-12

     2,959.0

     2,851.5

     2,830.0

    (129.0)

       (21.5)

Sub-Total

   12,525.0

   12,527.6

  12,595.0

        70.0

         67.4

Running Start

           97.0

         163.8

        127.0

        30.0

       (36.8)

Grand Total

  12,622.0

   12,691.4

  12,722.0

      100.0 

         30.6

*Actual enrollment based on June preliminary counts

2018-19 Budgeted Beginning General Fund Balance

Minimum Fund Balance Policy – 6% *

$         12,069,989

Restricted for Carryover Of Restricted Revenue

              1,000,000

Assigned for Other Purposes:

 

·         Fiscal Stability 2018-19

              1,000,000

·         Levy Proceeds (carryover)

              3,000,000

·         Carryover for Equipment Replacement

                 457,000

·         Unassigned

              5,000,000

TOTAL BUDGETED BEGINNING FUND BALANCE

$          22,526,989

 * Policy 6022 for Minimum Fund Balance is equal to or greater than 5% of revenues

2018-19 General Fund Revenues

This appears as a pie chart in the live presentation 

Local Taxes

 $           15,919,757

7.7%

Local Non-Tax

                 2,077,751

1.0%

State General Purpose

            122,614,115

59.7%

State Special Purpose

              38,442,414

18.7%

Federal Funding

              25,957,451

12.6%

Other

                    405,000

0.2%

Operating Revenue

 $        205,416,488

100.0%

Capacity

                 6,500,000

 

Total Revenue

 $        211,916,488

 

Change in YOY Revenue 

General Fund Only

Budget 2018-19

Adopted with State 2017-18

Increase

(Decrease)

 

2018-19

2017-18

 

Local Property Taxes

     15,919,757

       23,605,129

     (7,685,372)

TOTAL LOCAL NONTAX

$     2,077,751

$       2,109,119

$         (31,368)

       

Apportionment

     105,431,171

84,990,262

     20,440,909

Basic Ed for Special Ed FTE

   4,414,256

   3,510,093

            904,163

Local Effort Assistance

12,768,688

12,498,683

            270,005

TOTAL STATE, GENERAL PURPOSE

$  122,614,115

$   100,999,038

$   21,615,077

       

Special Education (3-21)

      16,022,921

        11,922,757

       4,100,164

Special Education (0-2)

1,429,349

1,199,508

           229,841

Learning Assistance

8,135,813

6,366,714

       1,769,099

Transitional Bilingual  (ELL)

2,380,822

1,839,180

           541,642

Highly Capable

    351,461

    280,605

              70,856

Transportation Operation

5,562,596

5,131,524

            431,072

Miscellaneous

4,559,452

4,367,049

            192,403

TOTAL STATE, SPECIAL PURPOSE

$   38,442,414

$      31,107,337

 $     7,335,077

       

Impact Aid

        8,500,000

8,500,000

            -0-

Miscellaneous

        1,716,245

1,716,245

            -0-

TOTAL FEDERAL, GENERAL PURPOSE

$   10,216,245

$      10,216,245

$          -0-

       

Special Education, Supplemental (Flow Thru, Preschool, et al)

         3,439,028

3,150,468

            288,560

Remediation (Title I, etc.)

4,171,426

4,681,022

          (509,596)

Miscellaneous

8,130,752

8,474,720

          (343,968)

TOTAL FEDERAL, SPECIAL PURPOSE

$    15,741,206

$       16,306,210

$      (565,004)

       

TOTAL REVENUES FROM OTHER SCHOOL DISTRICTS

$            405,000

$             195,000

$        210,000

       
 

$   205,416,488

$     184,538,078

$    20,878,410

 Available Resources

Beginning Fund Balance

$        22,526,989

Revenue

$     211,916,418

Total Available Resources

$     234,443,447

Operating Expenditures - by Object for 2018-19 General Fund Budget

Certificated Salaries

 $    85,487,196

38.55%

Classified Salaries

 $    37,914,623

17.10%

Benefits

 $    48,606,451

21.92%

Supplies & Materials

 $    29,162,120

13.15%

Purchased Services

 $    19,006,052

8.57%

Travel

 $          251,296

0.11%

Transfers Out

 

0.00%

Capital

 $      1,300,750

0.59%

Total Operating Expenditures

 $ 221,728,488

100.00%

Operating Expenditures - by Activity for 2018-19 General Fund Budget

Administration

 $      5,763,306

2.60%

Instruction

 $  174,993,749

78.92%

Instructional Support

 $      6,657,316

3.00%

Student Nutrition

 $      6,879,869

3.10%

Pupil Transportation

 $      6,885,789

3.11%

Maintenance & Operations

 $    15,576,969

7.03%

Other Services

 $      4,744,800

2.14%

Public Activities

 $          226,690

0.10%

Other Financing Uses

 $                     -  

0.00%

Total Operating Expenditures

 $ 221,728,488

100.00%

Operating Expenditures - by Program for 2018-19 General Fund Budget

Regular Instruction

 $  120,059,016

54.15%

Special Education Instruction

 $    30,991,276

13.98%

Career & Technical Education

 $      5,501,933

2.48%

Compensatory Education

 $    17,541,356

7.91%

Other Instructional Programs

 $      6,279,984

2.83%

Community Services

 $          618,701

0.28%

Districtwide Support

 $    27,110,075

12.23%

Student Nutrition

 $      6,740,358

3.04%

Transfers Out

 $                     -  

0.00%

Pupil Transportation

 $      6,885,789

3.11%

Total Operating Expenditures

 $ 221,728,488

100.00%

MSOC general education revenues v. MSOC general education expenditures 

  • 2018-19 estimated general education MSOC + Lab/Science MSOC enhancement revenue is $15.4M.
  • 2018-19 estimated general education MSOC expenditures is $20.5M. 

MSOC = Materials, Supplies and Other Costs

2018-19 General Fund Budget Reconciliation

Beginning Fund Balance

$        22,526,989

Revenue Budget

         211,916,488

Total Available

$     234,443,477

Total Expenditures/Uses

$       221,728,488

FY19 Ending Fund Balance *

$         12,714,989

*Minimum Fund Balance at 6%

Other Fund Budgets 2018-19

 

ASB

Debt

Capital

Tr. Vehicle

 

Fund

Service

Projects

Fund

Beginning Fund Balance

 $    510,314

 $ 11,155,249

 $ 80,450,332

 $ 4,221,324

Revenue Budget

    1,777,243

    10,729,243

    15,500,000

    1,045,000

Other Sources

                  -  

                    -  

                    -  

                  -  

Total Resources

 $ 2,287,557

 $ 21,884,492

 $ 95,950,332

 $ 5,266,324

         

Expenditure budget

    1,864,419

      9,923,490

    67,250,000

    1,500,000

Other uses

                  -  

                    -  

 

                  -  

Total Uses

 $ 1,864,419

 $   9,923,490

 $ 67,250,000

 $ 1,500,000

         

Budgeted Ending Fund Balance

 $    423,138

 $ 11,961,002

 $ 28,700,332

 $ 3,766,324

Four Year ASB Fund 

 

2018-19

2019-20

2020-21

2021-22

 Beginning Fund Balance

 $      510,314

 $      423,138

 $      700,381

 $      613,205

 Revenue NO Capacity

      1,777,243

      1,777,243

      1,777,243

      1,777,243

 Expenditures with Capacity

      1,864,419

      1,500,000

      1,864,419

      1,864,419

 Ending Fund Balance

 $      423,138

 $      700,381

 $      613,205

 $      526,029

Four Year Capital Projects Fund 

 

2018-19

2019-20

2020-21

2021-22

 Beginning Fund Balance

 $  80,450,332

 $  51,200,332

 $ 18,700,332

 $ 11,200,332

 Revenue NO Capacity

     15,500,000

       5,500,000

       5,500,000

       5,500,000

 Expenditures with Capacity

     67,250,000

     40,000,000

    15,000,000

    15,000,000

 Ending Fund Balance

 $ 28,700,332

 $ 16,700,332

 $   9,200,332

 $   1,700,332

Four Year Transportation Vehicle Fund

 

2018-19

2019-20

2020-21

2021-22

 Beginning Fund Balance

 $   4,221,324

 $   3,833,611

 $   3,445,898

 $   3,058,185

 Revenue NO Capacity

      1,045,000

      1,112,287

      1,112,287

      1,112,287

 Expenditures with Capacity

      1,500,000

      1,500,000

      1,500,000

      1,500,000

 Ending Fund Balance

 $  3,766,324

 $  3,445,898

 $  3,058,185

 $  2,670,472

Four Year Debt Service Fund

 

2018-19

2019-20

2020-21

2021-22

 Beginning Fund Balance

 $  11,155,249

 $  11,961,002

 $  12,940,245

 $  13,919,488

 Revenue NO Capacity

     10,729,243

     11,093,533

     11,216,283

     11,464,883

 Expenditures with Capacity

       9,923,490

     10,114,290

     10,237,040

     10,485,640

 Ending Fund Balance

 $ 11,961,002

 $ 12,940,245

 $ 13,919,488

 $ 14,898,731

Four Year General Fund

 

2018-19

2019-20

2020-21

2021-22

Beginning Fund Balance

$       22,526,989

$     22,714,989

$     21,725,560

$     22,020,400

Revenue NO Capacity

     211,916,488

     201,926,000

     206,840,000

     209,173,000

Expenditures with Capacity

     221,728,488

     212,915,429

     216,545,160

     219,033,020

Ending Fund Balance

$       12,714,989

$     11,725,560

$     12,020,400

$     12,160,380