revised budget fiscal year 2016-2017 january 25, 2017 · fiscal year 2016-2017 january 25, 2017...

WOODLAND PARK SCHOOL DISTRICT NO. RE-2

155 PANTHER WAY

WOODLAND PARK, COLORADO 80863

Revised Budget

Fiscal Year 2016-2017

January 25, 2017

Prepared by Business Services

TABLE OF CONTENTS

Introduction .......................................................................................................................................................................................... 1

Budget Process & Philosophy ........................................................................................................................................................ 1

Program Funding Update ............................................................................................................................................................... 2

Tax Burden on Citizens..................................................................................................................................................................... 3

Sales Tax Information ....................................................................................................................................................................... 4

Budgets: All Funds .............................................................................................................................................................................. 4

General Fund Revenue Sources Information .......................................................................................................................... 5

General Fund Expenditures Information ................................................................................................................................. 5

General Fund Budget Forecast ..................................................................................................................................................... 5

Summary ................................................................................................................................................................................................. 6

Board of Education ............................................................................................................................................................................ 7

District Administration .................................................................................................................................................................... 7

Mission Statement .............................................................................................................................................................................. 8

Goals and Objectives .......................................................................................................................................................................... 8

Strategies ................................................................................................................................................................................................ 8

Budget Basics ........................................................................................................................................................................................ 9

Budget Calendar ............................................................................................................................................................................... 12

Pertinent Constitutional Provisions ........................................................................................................................................ 12

Assessed Valuation, Pupil Count, Mill Levy .......................................................................................................................... 13

General Fund Revenue ................................................................................................................................................................... 14

General Fund Expenditures ......................................................................................................................................................... 15

Risk Management Fund ................................................................................................................................................................ 18

Food Service Fund............................................................................................................................................................................ 19

Designated Purpose Grants ......................................................................................................................................................... 20

Transportation Fund ...................................................................................................................................................................... 22

Bond Redemption Fund ................................................................................................................................................................. 23

Pupil Activity Agency Fund .......................................................................................................................................................... 24

Specific Budget Resolution #3

Appropriation Resolution

1.

EXECUTIVE SUMMARY

Introduction

The administration of Woodland Park School District Re-2 (WPSD) presents the recommended annual

budget for Fiscal Year 2016-2017 for adoption. This budget was developed around the District’s goals

while ensuring the ongoing WPSD financial health, maintaining quality programs, and its favorable bond

rating. All Colorado school districts are required by law to adopt a budget by June 30th of each year. The

budget serves as an estimate of revenue to be collected and a plan for District expenditures.

Additionally, it is a plan that guides decision-making and involves continuous planning and evaluation.

Budget Process & Philosophy

WPSD administration begins the budget development process by analyzing enrollment trends and

formulating enrollment projections for the next fiscal year. Concurrently, the District utilizes revenue

forecasts from the State of Colorado that are published in November of each year to establish

preliminary expenditure allocations for the next fiscal year. Input from building accountability

committees, the District Accountability Committee and District budget stakeholders is used with final

allocations from the State of Colorado to produce a Proposed Budget in May of each year. The Proposed

Budget is presented at a Public Hearing in June and after adoption, is subject to a mid-year revision

process in January of the fiscal year.

School administration must constantly update budget information in order to accommodate the needs

and priorities of the students, staff, and community. While one budget year is in progress, the next

budget year is carefully planned. Research on future budgets includes active involvement in legislative

trends, compliance with State mandates and standards, constant awareness of community

development, and monitoring of current enrollment trends.

The District budget must be designed with some flexibility. No fund should be without some reserve to

allow for unforeseen contingencies. Additionally, an emergency contingency reserve of three percent

must be budgeted to be in compliance with TABOR requirements. The Board of Education will maintain

a balanced budget while establishing adequate fiscal reserves to meet the operational needs of the

District. The fiscal reserves shall be adequate to fund the cash flow needs during the year in addition to

funding anticipated liabilities at the end of the fiscal year.

The budget must maintain and improve the educational opportunities provided to the students of

Woodland Park School District Re-2. It is a major responsibility of the Board of Education to adopt and

appropriate a budget that meets these standards.

2.

ProgramFundingUpdate

The Fiscal Year 2016‐2017 Revised Budget is based on a funded pupil count of 2,375.3 students

established by the Colorado Public School

Finance Act. Because Woodland Park

School District Re‐2 has experienced a

prolonged period of declining enrollment,

a 5‐year average for funded pupil count is

used for the District’s program funding.

The 2,376.5 pupils represent a 5‐year

average for fiscal years 2012‐2013

through 2016‐2017. Additionally, this

figure reflects a funded pupil decline of

61.2 students from fiscal year 2015‐2016.

The WPSD program funding is made up of many factors but the primary components of the formula are

funded pupils and the per pupil rate.

WPSD endured a sharp decline in the per

pupil rate in fiscal year 2010‐2011. Then

the rate hit a ten year low in fiscal year

2012‐2013. Over the past three fiscal

years the rate has increased by $273.65

per pupil each year. However, the

established rate for 2016‐2017 has

increased by only $113.29 per pupil. The

relatively slight per pupil increase does not

overcome the projected pupil decline in

2016‐2017.

While the number of funded pupils and the established per pupil rate are the foundation of the WPSD

funding formula, the per‐pupil rate is impacted

drastically, and has been since 2011, by the

‘Negative Factor.’ Initiated in FY 2010‐11, this

factor acts as a reduction to other existing factors

and shall not reduce any base per pupil funding

($6,367.90) districts receive through the school

finance formula. In general, this factor is

calculated by first determining the total program

prior to application of the Negative Factor. Then

the Negative Factor reduces this statewide total

program. The difference between the total

program amount prior to application of the

Negative Factor and the established floor amount

3.

is utilized to calculate a percentage reduction, that is then applied to each district’s respective total

program funding amount. In other words, the Negative Factor reduces the funding allocated for each

school district in Colorado. The impact of the Negative Factor on WPSD is illustrated here:

Over seven fiscal years including projections for 2016‐2017, the Negative Factor has reduced funding to

the Woodland Park School District Re‐2 by $17,448,226.

TaxBurdenonCitizens

The District receives the majority of its General Fund revenue from state equalization through the

Colorado Public School Finance Act and from property taxes paid by District residents. Additional local

property taxes of $1,100,000 are collected annually from a mill levy override approved by voters in the

November 2004 election.

On April 5, 2016 residents of the City of Woodland Park approved a 1.09% sales tax increase effective

July 1, 2016 on goods and services purchased in the City to increase local public school funding. The

revenues generated from the 1.09% increase are to be used exclusively by the Woodland Park School

District Re‐2 for educational purposes including, but not limited to:

Staff compensation

Facility maintenance and improvements including the allocation of matching funds to apply for a

Building Excellent Schools Today (BEST) grant for roof replacement

Innovative school programs such as environmental education, blended learning, etc.

Technology replacement and improvements

Post‐secondary preparation courses and materials

Additionally, WPSD successfully issued Certificates of Participation (COP) to eliminate its existing bond

debt service mill levy during FY 2016‐2017. This will result in approximate property tax savings in 2017 of

$161 for a $300,000 residence and $585 for a $300,000 commercial property.

The estimated new property tax impact from WPSD on a $300,000 home is 27.038 mills which equals

$646. The estimated new property tax impact from WPSD on a $300,000 commercial property is 27.038

mills which equals $2,352.

4.

Sales Tax Information

Estimated sales tax revenue for Fiscal Year 2016-2017 is $1,750,000. This is based on a 10 month

collection period in year 1 due to the timing of new sales tax implementation and the WPSD fiscal year.

Expenditures from sales tax revenue included in the Proposed Budget are specified here:

Budgets: All Funds

The revised budgeted revenues and expenditures for all funds of the Woodland Park School District Re-2

are below. The primary factor in the year-over-year increases is the $10,0469,130 certificates of

participation issuance.

5.

General Fund Revenue Sources

The funding for the General Fund is a combination of federal, state, local sources and fund reserves.

State and local sources combine to make up ‘Program Funding’ which accounts for approximately 82%

of all District revenues. These sources fund the general operating costs of the District such as payroll,

supplies, services and equipment. An increase of property values in the District means more local tax

dollars contributing to Program Funding. Conversely, this also results in a reduction in State Equalization.

Local sales tax dollars will bolster the General Fund for the first time in FY 2017 thus the increase in

budgeted revenue compared to FY 2016.

General Fund Expenditures

The Revised Budget includes compensation increases including .5% for PERA costing the District

approximately $94,000 and the District is also contributing an additional $65,000 toward employee

health and dental insurance premiums in FY 2017. Expenditure figures (like the revenue figures) appear

unusually high compared to previous years. This is due to the issuance of certificates of particpation in

the Fall of 2016. Issuance of the C.O.P. allowed the District to eliminate its general obligation bond debt

service. Repayment of the C.O.P. is subject to annual appropriation and is now reflected in the General

Fund.

General Fund Budget Forecast

The District’s long-range forecast indicates that enrollment for WPSD will continue to decline for four more years. A slight leveling of the decline is already being experienced at the elementary and middle school levels. The District will continue to monitor trends in Woodland Park, Teller County and along the Front Range then revise its forecast accordingly. Assumptions and concerns for future budgets include:

Limited annual state increases for K-12 funding

The potential for expansion of the Negative Factor

Increases in health care premiums and utilities outpacing the rate of inflation

Continuous monitoring of how to best use reserves to meet current and future budget shortfalls

6.

Summary

The Woodland Park School District Re-2 uses the modified accrual basis of accounting. The General Fund

reflects fully funded TABOR reserves for all funds. The District anticipates some spending of reserves in

the General Fund for curriculum, deferred maintenance needs and some staffing. Additionally, the

District anticipates spending some of the Food Service Fund reserves as well for capital equipment

replacement. The FY 2016-2017 Proposed Budget was presented to the Board of Education on May 25th,

2016 and was adopted at a public hearing concerning the budget held on June 8th, 2016 at 6:30 p.m. at

the District Administration board room. The FY 2016-2017 Revised Budget is provided to the Board of

Education on January 25, 2017 for approval. The District endeavors to maximize revenue and control

costs to the best of its ability, keeping the best interests of educating the children of this community in

the forefront.

7.

WOODLAND PARK SCHOOL DISTRICT RE-2

BOARD OF EDUCATION

Carol Greenstreet, President District A

Beth Huber, Secretary District B

Gwynne Dawdy, Director District C

Nancy Lecky, Director District D

Corbin Graber, Director District E


ADMINISTRATION

Jed Bowman, PhD Superintendent (719) 686-2012

Linda Murray Assistant Superintendent (719) 686-2012

Brian Gustafson Director of Business Services (719) 686-2006

Tina Cassens Director of Secondary Schools (719) 686-2011

Del Garrick High School Principal (719) 686-2063

Michael DeWall Assistant Principal, High School (719) 686-2064

Cindy Gannon Assistant Principal, High School (719) 686-2062

Yvonne Goings Middle School Principal (719) 686-2206

Ryan McCay Assistant Principal Middle School (719) 686-2202

Ashley Lawson Gateway Elementary Principal (719) 686-2051

Veronica Wolken Columbine Elementary Principal (719) 686-2300

Katie Rexford Summit Elementary Principal (719) 686-2402

8.

DISTRICT MISSION STATEMENT (File: AD)

Woodland Park School District provides a safe and orderly environment for every student to develop a

foundation to thrive as a 21st Century citizen.

LEGAL REF.: C.R.S. 22-32-109.1 (requirement that mission statement reflect safety as a priority)

Adopted: 04/10/91

Revised: 09/09/98, 08/01/2000, 09/2009

SCHOOL DISTRICT GOALS AND OBJECTIVES (File: ADA)

We Believe…

the educational process is the responsibility of the entire community.

in providing a caring environment that fosters a desire for life-long learning.

students, staff, and community thrive in an environment of mutual respect.

in high expectations with care and support for each individual.

that education must prepare students with the knowledge and skills for success.

every student is entitled to a safe and disciplined learning environment.

in the worth and dignity of all individuals and their unique heritage.

STRATEGIES

Academic excellence is the guiding principle each action team will use to approach its task. However, all

aspects of the mission statement should be considered.

Establish a comprehensive staff development program

Aggressively pursue technological innovation and integrate it into the curriculum and school

system

Develop a comprehensive communication plan that will involve students, staff, parents, and

community

Develop comprehensive recommendations for a school calendar to effectively meet growth,

student learning needs and staff development

Develop a plan that will actively solicit involvement and support of parents and community in

the educational process

Establish a comprehensive plan that will encourage students to develop personal integrity, self-

discipline, and pride

Develop a comprehensive plan to address issues of growth and changes in student population

Establish a curriculum development process that evaluates curriculum and incorporates state

standards and assessments. Adopted: 04/10/91

Revised: 08/14/91, 09/14/94

http://www.lpdirect.net/casb/crs/22-32-109_1.html

9.

BUDGET BASICS 2016-2017

THE FUNDS

General Fund (10)

Risk Management Fund (18)

Food Service Fund (21)

Grants Fund (22)

Transportation Fund (25)

Bond Fund (31)

Pupil Activity Agency Fund (74)

REVENUE

Total Program/Program Funding: describes the total amount of money each school district receives under the School Finance Act of 1994 (as amended).

o Total Program calculation: = Funded Pupil Count (10/1) x Total Per-Pupil Funding + At-Risk Factor + On-Line Factor +ASCENT

funding+ Negative Factor

o Total Per-Pupil Funding calculation: = Base Funding + Cost of Living Factor + Personnel Costs Factor + Size Factor

The Factors: o Base Funding: Base amount established for each pupil statewide = $6,367.90 in FY 17 o Cost of Living: Reflects differences in the costs of housing, goods, and services among

districts in Colorado o Personnel Costs: Based on enrollment and directs funding for employee salaries and

benefits o Size Factor: Enrollment-based calculation intended to recognize purchasing power

differences among districts. Smaller districts receive greater size factors (increased funding).

o At-Risk: Based primarily on the eligibility of the student population for participation in the federal free lunch program

o On-Line: Funded at the District’s current per pupil funding amount o Negative Factor: Added to stabilize the state budget in FY 11. Reduces the other existing

factors other than Base Funding

10.

Funding the Total Program: o Local Share

Property Tax: = Mills x Assessed Value Revenue generated from mill levy certification. The state sets this mill levy for

the General Fund.

Specific Ownership Tax: Vehicle registration taxes collected by the county and shared with the District that is proportionate with the District’s mills certified in Teller County.

o State Share/State Equalization Provided to each district by the

State of Colorado whose Local Share is insufficient to fully fund its Total Program

“What is a mill?” o Unit of currency that is 1/1000th of a

dollar

“What is a mill-levy?” o The assessed property tax rate used by local governments and other jurisdictions to

raise revenue

OTHER REVENUE (revenue sources that do not directly impact Program Funding and State Equalization)

Override Revenues o Additional tax revenues (additional mill-levy) approved by local voters

Sales Tax Revenue o 1.09% sales tax implemented the City of Woodland Park July 1, 2016

Special Education o The District receives funding from state and federal sources based on the December

Special Ed count (prior year). These funds are used for Special Education and are flowed through the Ute Pass BOCES to the District.

Transportation o Reimbursement of a portion of the previous year’s transportation expenditures

Medicaid o Reimbursement of a portion of the previous year’s expenditures that addressed the

unmet health needs of students

Other Local Revenue o Tuition o Interest Income o Participation Fees o Summer School o Building Use Fees o Forest Service Allocation

11.

EXPENDITURES

Categories: (by Program and Object codes in the Chart of Accounts)

Instructional

Special Education

Co-Curricular

Student Support Services

General Administration

Building Administration

Business Services

Operations & Maintenance

Student Transportation

Central Support

Other Support

Facilities & Sites

Definitions:

Instructional: Activities dealing directly with the interactions between staff and students

Special Education: Courses and other provisions which are different from or in addition to those provided in the usual school program and are provided for exceptional pupils by specially qualified personnel

Co-Curricular: School-sponsored activities or experiences offered outside the scope of the traditional classroom

Student Support Services: Activities which facilitate and enhance instruction including counseling services, social work, etc.

General Administration: Activities concerned with establishing and administering policy for operating the school district

Building/School Administration: Activities concerned with overall administrative responsibility for each individual school

Business Services: Activities concerned with the fiscal operations of the school district

Operations & Maintenance: Activities concerned with maintaining the physical plant and keeping District grounds, buildings, and equipment in effective working condition and state of repair

Student Transportation: Activities concerned with the transportation of students to and from their places of residence and the public schools in which enrolled

Central Support: Activities which support each of the other instructional and supporting services programs including wellness, marketing and technology services

Other Support: All other support services including post-employment pay and retirement incentives if offered

Facilities & Sites: Similar to Maintenance & Operations but specifically concerned with site and building improvements

12.

BUDGET CALENDAR

August 25: County assessor certifies to school district the total assessed valuation and the actual value of the taxable property in the district

October 1: Pupil membership count

December 10: Final date county assessor can notify school district of changes in assessed valuation

December 15: Board of Education certifies mill-levies

January 31: Any time prior to this date, the District budget may be reviewed, changed and approved with respect to revenues and expenditures

Winter: Prepare initial draft of revenue and expenditure assumptions

Spring: o Refine preliminary budget assumptions and estimates o Review district goals in relationship to budget development process o Hold work sessions for the community regarding preliminary budget

June 1: Deadline for submission of proposed budget to Board of Education

June: Budget public notice must be published and a public hearing must be held

June 30: Last legal date for final adoption of school district budget and appropriation resolution Though the budget must be adopted in June, the factors used in calculating the Program Funding are not known until the end of the calendar year. Best estimates are used for pupil count, assessed valuation and at-risk factors. Revisions are made to the budget in December or January when a more accurate pupil count and assessed valuation is available.

PERTINENT CONSTITUTIONAL PROVISIONS:

Gallagher Amendment (1982): o Impacts how much Colorado homeowners pay in property taxes based on assessed

value and the comparison of residential and nonresidential properties. When residential values grow faster than business values, homeowners pay proportionately less.

o Current assessment rates: Residential: 7.96% Business: 29%

Tax Payers Bill of Rights - TABOR (1992): o Restricts revenues for all levels of government. o Without voter approval:

Governments cannot raise tax rates Governments cannot spend revenues collected if the revenues grow faster than

the rate of inflation and population growth

Amendment 23 (2000): o Guarantees minimum levels of (base) funding for education o Funding must keep up with rate of inflation o This included an additional 1% through FY 11 o Created the State Education Fund

Sources: Colorado Department of Education “Financial Policies and Procedures Handbook 2014 Edition” Colorado Department of Education “FPP Handbook Chart of Accounts” Colorado Department of Education “Public School Finance Fact Sheet” Colorado Department of Education “Understanding Colorado School Finance and Categorical Program Funding”

Woodland Park School District RE-2 Proposed Budget FY 17


ASSESSED VALUATION, PUPIL COUNT, MILL LEVY FY 2017

REVISED

ASSESSED VALUATION 2012 2013 2014 2015 2016

Teller County $249,682,216 $232,390,420 $230,780,330 $252,782,741 $255,036,618

FUNDED PUPIL COUNT (FPC) Oct. 2012 Oct. 2013 Oct. 2014 Oct. 2015 Oct. 2016

5yr Avg. 5yr Avg 5yr Avg. 5yr Avg. 5yr Avg.

2594.6 2539.0 2484.7 2436.5 2375.3

FPC FPC FPC FPC FPC

2416.5 2401.0 2323.5 2316.0 2296.5

MILL LEVY (Collection Year) 2013 2014 2015 2016 2017

General Fund 22.550 22.550 22.550 22.550 22.550

Credits, Abate., Omissions 0.413 0.106 0.124 0.253 0.175

Mill Levy Override 4.406 4.733 4.766 4.352 4.313

Bond Redemption 8.010 8.606 7.366 6.725 0.000

TOTAL 35.379 35.995 34.806 33.880 27.038

13.


REVENUE FY 2017

GENERAL FUND

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017

AUDITED REVISED AUDITED REVISED

ACTUAL BUDGET ACTUAL BUDGET

Fiscal Year 2015 2016 2016 2017

Beginning Fund Balance 9,902,030$ 8,146,966$ 8,146,966$ 8,523,187$

LOCAL SOURCES

Property Tax 6,366,580$ 6,801,462$ 6,712,065$ 6,851,076$

Specific Ownership Tax 788,752 750,000 829,651 695,000

Local Sales Tax - - - 1,750,000 Del. Tax & Int./Cr & Abatements 40,584 19,000 69,576 44,000

Tuition Fees 234,963 170,000 165,090 170,000

Participation Fees 37,839 35,000 38,505 30,000

Earnings on Investments 33,577 25,000 53,934 25,000

COP Issue Discount - - - (38,870)

COP Lease Proceeds - - - 10,085,000

Other Local Sources 142,679 189,759 188,946 211,249

TOTAL LOCAL SOURCES 7,644,974$ 7,990,221$ 8,057,767$ 19,822,455$

INTERMEDIATE SOURCES

Mineral Leases -$ 10,535$ 10,535$ 9,488$

STATE SOURCES

State Equalization 11,056,680$ 10,775,450$ 10,842,866$ 10,602,445$

Add'l At-Risk Funding - - 9,754.00 -

State Equalization Audit Adj. - (102,955) (102,955) -

Risk Management Allocation (345,000) (382,000) (382,000) (422,426)

Vocational Ed 76,836 60,000 42,003 60,000

Special Ed - ECEA 296,963 32,272 42,164 -

ELPA 13,244 16,107 17,925 21,727

Gifted & Talented 44,668 43,573 43,573 40,879

Other State (State Ed Prior.) 45,717 45,716 45,716 12,000

TOTAL STATE SOURCES 11,189,108$ 10,488,163$ 10,559,046$ 10,314,625$

FEDERAL SOURCES

IDEA Part B BOCES 359,513$ 276,721$ 284,301$ 177,607$

Preschool BOCES 28,165 22,877 22,877 22,877

Other Federal Sources 23,989 23,100 23,099 35,591

Medicaid Reimbursement 182,464 149,870 227,177 204,292

TOTAL FEDERAL SOURCES 594,131$ 472,568$ 557,454$ 440,367$

TOTAL REVENUE 19,428,213$ 18,961,487$ 19,184,802$ 30,586,935$

TOTAL REVENUE

& FUND BALANCE 29,330,243$ 27,108,453$ 27,331,768$ 39,110,122$

14.


EXPENDITURES FY 2017

GENERAL FUND

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017



Fiscal Year 2015 2016 2016 2017

INSTRUCTIONAL (1000-1699)

Salaries (100) 6,194,533$ 6,616,518$ 6,323,969$ 6,726,788$

Emp. Benefits (200) 1,751,119 1,908,031 1,839,525 2,054,708

Purch. Svc. (300-500) 150,672 218,846 199,663 264,276

Supplies (600) 760,359 857,021 614,221 980,279

Property (700) 186,442 172,047 159,606 120,098

Other Exp. (800) - 3,200 10,776 10,300

Total Instructional 9,043,125$ 9,775,663$ 9,147,760$ 10,156,449$

SPECIAL EDUCATION (1700-1799)

Salaries (100) 1,408,681$ 1,512,854$ 1,359,215$ 1,439,284$

Emp. Benefits (200) 432,854 494,814 438,639 538,488

Purch. Svc. (300-500) 176,309 253,500 143,653 261,060

Supplies (600) 15,171 22,836 14,799 21,126

Property (700) 16,166 13,356 9,430 14,640

Other Exp. (800) - 400 169 400

Total Special Education 2,049,181$ 2,297,760$ 1,965,905$ 2,274,998$

CO-CURRICULAR (1800-1900)

Salaries (100) 325,637$ 332,696$ 328,090$ 347,989$

Emp. Benefits (200) 69,538 73,919 72,093 80,879

Purch. Svc. (300-500) 79,906 91,404 89,674 97,600

Athletic Supplies (600) 21,577 20,062 20,916 20,062

Property (700) 17,050 5,500 5,695 6,500

Total Co-Curricular 513,708$ 523,581$ 516,468$ 553,030$

SUPPORT SERVICES

STUDENTS (2100)

Salaries (100) 684,810$ 738,923$ 646,817$ 784,591$

Emp. Benefits (200) 191,795 211,822 184,960 242,743

Purch. Svc. (300-500) 13,684 27,218 19,751 66,581

Supplies (600) 12,404 26,713 16,527 27,813

Property (700) 158 6,601 4,567 -

Other Exp. SWAP Support 50,047 60,103 59,437 83,276

Total Student Support 952,898$ 1,071,380$ 932,059$ 1,205,004$

15.



GENERAL FUND

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017



Fiscal Year 2015 2016 2016 2017

INSTR. STAFF SUPPORT (2200)

Salaries (100) 684,375$ 694,798$ 695,002$ 749,103$

Emp. Benefits (200) 189,531 196,577 198,269 219,436

Purch. Svc. (300-500) 75,287 90,843 64,269 51,869

Supplies (600) 4,497 4,600 4,189 4,600

Property (700) - - - 71,490

Total Inst. Staff Support 953,690$ 986,818$ 961,729$ 1,096,498$

GENERAL ADMIN. (2300)

Salaries (100) 389,288$ 391,538$ 397,480$ 407,525$

Emp. Benefits (200) 103,287 97,283 104,723 116,043

Purch. Svc. (300-500) 65,045 125,500 88,277 158,700

Supplies (600) 50,251 36,079 29,872 37,615

Property (700) 1,062 2,000 140 3,200

Other Exp. (800) 13,020 17,000 14,502 17,000

Total General Admin. 621,953$ 669,400$ 634,994$ 740,083$

SCHOOL ADMIN. (2400)

Salaries (100) 874,724$ 900,513$ 900,318$ 951,336$

Emp. Benefits (200) 236,607 259,227 250,185 289,479

Purch. Svc. (300-500) 43,932 50,399 40,337 49,974

Supplies (600) 2,578 6,157 5,253 6,343

Property (700) - 1,542 1,114 1,552

Dues & Fees (800) 2,618 3,546 1,955 3,500

Total School Admin. 1,160,459$ 1,221,384$ 1,199,162$ 1,302,184$

BUSINESS SVCS. (2500)

Salaries (100) 252,312$ 233,664$ 236,102$ 249,130$

Emp. Benefits (200) 65,177 66,504 64,931 73,957

Purch. Svc. (300-500) 49,991 63,100 55,256 62,900

Total Business Svcs. 367,480$ 363,268$ 356,289$ 385,987$

OPER. & MAINT. (2600)

Salaries (100) 762,158$ 838,256$ 791,272$ 825,532$

Emp. Benefits (200) 241,286 278,593 254,656 278,256

Purch. Svc. (300-500) 119,625 141,133 142,477 124,336

Supplies (600) 639,628 589,121 540,764 547,798

Property (700) 7,252 10,677 10,838 10,600

Total Oper. & Maint. 1,769,949$ 1,857,780$ 1,740,007$ 1,786,522$

STUDENT TRANSP. (2700)

Salaries (100) 43,186$ 54,024$ 46,296$ 54,907$

Emp. Benefits (200) 7,863 10,115 12,775 11,417

Purch. Svc. (400-500) 672,661 701,699 661,874 759,268

Supplies (600) 105,507 142,000 57,250 127,000

Property (700) 78,632 75,000 - 105,000

Total Student Transp. 907,849$ 982,838$ 778,195$ 1,057,592$

16.



GENERAL FUND

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017



Fiscal Year 2015 2016 2016 2017

CENTRAL SUPPORT (2800)

Salaries (100) 41,300$ 42,800$ 44,250$ 43,248$

Emp. Benefits (200) 18,350 26,638 20,413 25,548

Purch. Svc. (300-500) 117,507 132,200 159,496 122,800

Supplies (600) 7,294 6,844 478 2,409

Equipment (700) 86,692 99,000 107,628 180,000

Total Central Support 271,143$ 307,482$ 332,265$ 374,005$

OTHER SUPPORT (2900)

Salaries (100) 13,911$ 15,000$ 9,915$ 15,000$

Emp. Benefits (200) 87 218 254 218

Total Other Support 13,998 15,218 10,169 15,218

ENTERPRISE (3000)

Salaries (100) -$ 15,000$ 7,212$ 6,200$

Emp. Benefits (200) - 3,000 1,388 4,095

Purch. Svc. (300-500) - 7,500 6,451 7,000

Supplies (600) 627 500 835 1,000

Total Enterprise 627$ 26,000$ 15,886$ 18,295$

FACILITIES & SITES (4000)

Purch. Svc. (300-500)

Site Improvement 36,784$ 20,000$ 18,558$ 112,625$

SealKote Asphalt 22,379 33,807 36,780 20,000

MS Roof Best Grant Match - - - 552,000

Energy Retrofit - - - 385,418

Building Improvements 2,115,500 27,389 24,793 112,625

Total Facilities & Sites 2,174,663$ 81,196$ 80,131$ 1,182,668$

DEBT SERVICE (5000)

Interest - Lease Purchase 15,410$ 71,224$ 71,224$ 60,347$

Principal - Lease Purchase 367,144 66,338 66,337 68,267

Tower Lease - - - 33,326

COP Cost of Issue - - - 276,866

Refunding Escrow Deposit - - - 9,383,846

Interest on COPs - 5,000 - 194,489

Total Debt Service 382,554$ 142,562$ 137,561$ 10,017,141$

TOTAL EXPENDITURES 21,183,277$ 20,322,330$ 18,808,580$ 32,165,674$

CONTINGENCY

Unreserved Fund Balance -$ 5,557,782$ -$ 5,538,814$

Restricted Multiyear - 598,379 - 418,158

Emergency Reserve Tabor 3% - 629,962 - 987,476

TOTAL CONTINGENCY -$ 6,786,123$ -$ 6,944,448$

TOTAL EXP. & CONTINGENCY 21,183,277$ 27,108,453$ 18,808,580$ 39,110,122$

17.


BUDGET FY 2017

RISK MANAGEMENT

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017



Fiscal Year 2015 2016 2016 2017

Beginning Fund Balance 25,766$ 10,524$ 10,524$ 24,448$

REVENUES

District Allocation 345,000$ 382,000$ 382,000$ 422,426$

TOTAL REVENUE 345,000$ 382,000$ 382,000$ 422,426$

TOTAL REVENUE &

FUND BALANCE 370,766$ 392,524$ 392,524$ 446,874$

EXPENDITURES

Purch. Svc. 79,419$ 70,168$ 77,166$ 72,963$

Premiums 252,497 277,356 283,893 327,911

Supplies 5,527 10,000 (5,426) 10,000

Security Software 17,204 25,000 17,954 26,000

Equipment 5,595 10,000 (5,511) 10,000

TOTAL EXPENDITURES 360,242$ 392,524$ 368,076$ 446,874$

18.


BUDGET FY 2017

FOOD SERVICE

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017



Fiscal Year 2015 2016 2016 2017

Beginning Fund Balance 277,154$ 252,872$ 252,872$ 290,947$

LOCAL REVENUES

Student Lunches 179,965$ 195,000$ 212,331$ 223,132$

Student Breakfast 22,486 45,312 32,616 32,858

Student Ala Carte 96,172 115,000 100,405 106,337

Adult Ala Carte 7,648 10,150 7,590 13,622

Catered Services 58,561 53,000 45,817 50,011

Transfer From GF - - - -

Sale of Used Equipment - - - -

TOTAL LOCAL REVENUES 364,832$ 418,462$ 398,759$ 425,960$

STATE REVENUES

State Matching Funds 7,078$ 7,000$ 6,955$ 6,955$

Smart Start Breakfast 2,399 2,000 3,220 3,955

Reduced Student Lunch 2,696 2,000 2,935 3,612

TOTAL STATE REVENUES 12,173$ 11,000$ 13,110$ 14,522$

FEDERAL REVENUES

Fed. Reimb. Lunch 293,393$ 277,000$ 277,316$ 301,847$

Fed. Reimb. Breakfast 82,651 60,000 89,064 86,242

USDA Commodities 51,473 45,390 55,513 54,798

TOTAL FED REVENUES 427,517$ 382,390$ 421,893$ 442,887$

TOTAL REVENUES 804,522$ 811,852$ 833,762$ 883,369$

TOTAL REVENUE &

FUND BALANCE 1,081,676$ 1,064,724$ 1,086,634$ 1,174,316$

EXPENDITURES

Salaries 289,489$ 288,000$ 302,001$ 317,596$

Benefits 60,814 74,250 67,915 88,501

Admin/Management Fee 47,796 40,652 48,221 49,842

Contracted Labor - 10,000 - 10,000

Purchased Services 20,086 25,650 19,954 23,047

Liability Ins. 14,210 14,700 15,276 14,731

Food Costs 294,366 272,634 240,635 253,599

Supplies 32,212 31,650 37,303 39,197

USDA Commodities 44,824 45,390 55,513 54,798

Equipment 25,007 18,926 8,869 45,000

3 % Tabor Reserves - 24,656 - 26,890

Appropriated Reserve - 218,216 - 251,115

TOTAL EXPENDITURES 828,804$ 1,064,724$ 795,687$ 1,174,316$

19.


BUDGET FY 2017

DESIGNATED

PURPOSE GRANTS

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017



Fiscal Year 2015 2016 2016 2017

LOCAL REVENUES

Facilitator 40,100$ -$ -$ -$

GO-CO Gateway 9,250 - - -

Summit Preschool Playground - - - 44,692

Mini Grants 33,235 55,000 2,421 22,579

TOTAL LOCAL REVENUE 82,585$ 55,000$ 2,421$ 67,271$

STATE REVENUE

Wellness 60,147$ 51,594$ 50,189$ 51,405$

Read Act 49,335 146,271 70,176 146,271

State Mini Grants 9,199 15,000 6,180 11,600

State Library Grant - 4,000 2,874 5,126

EARSS Restore Practice - WPHS - - - 105,178

WPHS AP Pilot Program - - - 7,500


TOTAL STATE REVENUE 468,181$ 216,865$ 129,419$ 327,080$

FEDERAL REVENUE

Title I 285,879$ 291,698$ 283,625$ 286,530$

Title II Teacher Quality 113,998 103,838 99,257 103,325

Title III ELL 2,131 3,048 3,048 4,152

RTTT - Columbine Elem. - - - 19,055

Carl Perkins 27,164 26,720 26,617 20,500

SWAP 126,734 133,562 132,389 166,553

TOTAL FEDERAL REVENUE 555,906$ 558,866$ 544,936$ 600,115$

TOTAL REVENUE 1,106,672$ 830,731$ 676,776$ 994,466$

LOCAL EXPENDITURES

Facilitator 40,100$ -$ -$ -$


Summit Preschool Playground - - - 44,692

Mini Grants 33,235 55,000 2,421 22,579

TOTAL LOCAL EXPENDITURES 82,585$ 55,000$ 2,421$ 67,271$

STATE EXPENDITURES

Wellness 60,147$ 51,594$ 50,189$ 51,405$

Read Act 49,335 146,271 70,176 146,271

State Mini Grants 5,199 15,000 6,180 11,600

State Library Grant 4,000 4,000 2,874 5,126

EARSS Restore Practice - WPHS - - - 105,178

WPHS AP Pilot Program - - - 7,500


TOTAL STATE EXPENDITURES 468,181$ 216,865$ 129,419$ 327,080$

20.


BUDGET FY 2017

DESIGNATED

PURPOSE GRANTS

FEDERAL EXPENDITURES

Title I 285,879$ 291,698$ 283,625$ 286,530$

Title II Teacher Quality 113,998 103,838 99,257 103,325

Title III ELL 2,131 3,048 3,048 4,152

RTTT - Columbine Elem. - - - 19,055

Carl Perkins 27,164 26,720 26,617 20,500

SWAP 126,734 133,562 132,389 166,553

TOTAL FEDERAL EXPENDITURES 555,906$ 558,866$ 544,936$ 600,115$

TOTAL EXPENDITURES 1,106,672$ 830,731$ 676,776$ 994,466$

21.


BUDGET FY 2017

TRANSPORTATION

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017



Fiscal Year 2015 2016 2016 2017

Beginning Fund Balance 54$ 10,349$ 10,349$ 15,385$

REVENUES

Transportation Fees 24,000$ 20,000$ 25,185$ 25,000$

CDE Audit Adjustment - 3,369 3,369 -

State Reimbursement 255,601 250,145 260,345 250,145

TOTAL REVENUES 279,601$ 273,514$ 288,899$ 275,145$

TOTAL REVENUE &

FUND BALANCE 279,655$ 283,863$ 299,248$ 290,530$

EXPENDITURES

Contracted Bus Service 269,306$ 283,863$ 283,863$ 290,530$


22.


BUDGET FY 2017

BOND REDEMPTION

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017



Fiscal Year 2015 2016 2016 2017

Beginning Fund Balance 3,393,393$ 3,451,625$ 3,451,625$ 3,474,582$

REVENUES

Property Tax 1,698,999$ 1,700,000$ 1,677,014$ 100,000$

Refunding Bond Proceeds - - - -

Refunding Premium/Discount - - - -

Delinquent Tax & Interest 3,795 - 2,143 -

TOTAL REVENUES 1,702,794$ 1,700,000$ 1,679,157$ 100,000$

TOTAL REVENUE &

FUND BALANCE 5,096,187$ 5,151,625$ 5,130,782$ 3,574,582$

EXPENDITURES

Principal 1,200,000$ 1,265,000$ 1,265,000$ -$

Interest 443,313 389,950 389,950 -

Bond Issuance Cost - - - -

Payment to Bond Escrow Agent - - - 3,574,582

Other Fees 1,250 2,170 1,250 -

Reserved for Debt Retirement - 3,494,504 - -

TOTAL EXPENDITURES 1,644,563$ 5,151,624$ 1,656,200$ 3,574,582$

23.


BUDGET FY 2017

PUPIL ACTIVITY

AGENCY FUND

JUNE 2015 JAN 2016 JUNE 2016 JAN 2017



Fiscal Year 2015 2016 2016 2017

Beginning Cash Balance 317,555$ 313,361$ 318,814$ 377,479$

REVENUE

Online Payment Fee 13,072$ 15,000$ 27,751$ 30,000$

Gateway Elementary 22,662 30,000 35,449 36,000

Columbine Elementary 47,127 55,000 60,087 55,000

Summit Elementary 18,935 25,000 51,547 50,000

Middle School 199,301 250,000 242,416 250,000

High School 444,699 500,000 396,710 500,000

TOTAL REVENUE 745,796$ 875,000$ 813,960$ 921,000$

EXPENDITURES

Paying Agent Fee 11,434$ 15,000$ 22,423$ 30,000$

Gateway Elementary 21,785 30,000 27,109 36,000

Columbine Elementary 62,939 55,000 47,111 55,000

Summit Elementary 21,957 25,000 44,840 50,000

Middle School 184,561 250,000 215,552 250,000

High School 447,314 500,000 398,260 500,000


24.

APPROPRIATION RESOLUTION FY 2017

Be it Resolved by the Board of Education of School District Re-2 in Teller County

that the amounts shown in the following schedule be appropriated to each fund as

specified in the Budget for Fiscal Year beginning July 1, 2016

and ending June 30, 2017.

FUND AMOUNT

General Fund 39,110,122$

Risk Management 446,874$

Food Service 1,174,316$

Designated Purpose Grants 994,466$

Transportation Fund 290,530$

Bond Redemption Fund 3,574,582$

Pupil Activity Fund 921,000$

TOTAL APPROPRIATIONS 46,511,890$

_______________________________________________________________

Carol Greenstreet, Board President, in accordance with CRS 22-44-110(4)

1/25/2017

Revised

revised budget fiscal year 2016-2017 january 25, 2017 · fiscal year 2016-2017 january 25, 2017...

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