DOUGLAS COUNTY SCHOOL DISTRICT RE 1

FINANCIAL PLAN AND BUDGET

FISCAL YEAR 2008-2009

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„

Approval & Adoption of All Funds FY

2008-09 Budgets

„

Budget Resolution FY 2008-09

„

Appropriation Resolution FY 2008-09

„

Resolution Authorizing Use of

Beginning Fund Balance FY

2008-09

„

Resolution Authorizing Inter - Fund

Borrowing FY 2008-09

Tonight’s Agenda

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FY 2008-2009 General Fund

Assumptions

ƒ

Per-Pupil Revenue: $6,646

ƒ

Inflation Rate 2.2% for FY09

ƒ

Total Student Count increase to 58,962

from 52,013 in FY07-08

ƒ

Funded Pupil Count increase to 56,331

from 49,695 in FY07-08

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FY 2008-2009 General Fund

Personnel Summary

June

Budgeted Budgeted Budgeted Budgeted Budgeted % of

FTE FTE FTE FTE FTE Total

Employee Group

2004-05

2005-06

2006-07

2007-08

2008-09

2008-09

100-ADMINISTRATIVE STAFF

Total Administrative Staff 167.36 176.36 186.80 205.47 203.29 3.94%

200-CERTIFIED STAFF

Total Certified Staff 2,602.42 2,705.07 2,934.44 3,144.43 3,188.82 61.82%

300-PROFESSIONAL/TECHNICAL STAFF

Total Professional/Technical Staff 82.72 87.72 70.23 68.93 66.67 1.29%

400-600 CLASSIFIED STAFF

Total 400 - Clerical Staff 528.96 532.96 556.61 646.98 680.95 13.20%

Total 500 - School Office/Instr Support 302.50 304.10 370.54 413.25 409.59 7.94%

Total 600 - Support Services 495.42 540.92 566.94 555.25 609.28 11.81%

GRAND TOTAL

4,179.38 4,347.13 4,685.56 5,034.31 5,158.60 100.00%

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FY 2008-2009 General Fund

Revenue

Specific

Ownership Tax

$20.6M

5%

Other State

Revenue

$11.1M

2%

Other Local

Revenue

$19.6M

4%

Local Property

Tax $157.1M

35%

State Aid

$240.8M

54%

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FY 2008-2009 General Fund

Expenditures

Benefits

$65.4M

14%

Salaries

$268.1M

60%

Contingency

$4.0M

1%

Transfers

$24.1M

5%

Charter

$48.4M

11%

Operating

$41.4M

9%

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General Fund Overview

( in millions)

5.0%

$22.3

$451.4

$449.2

$24.5

Budget

2008-09

1.3%

11.4%

14.2%

(27.7%)

Incr over

Prior Yr

5.6%

Ending Fund Balance as %

Of Revenue

$22.0

Ending Fund Balance

$405.2

Total Expenditures

$393.3

Total Revenue

$33.9

Beginning Fund Balance

Budget

2007-08

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General Fund Percent of

Total Budget

FY 07-08 % of FY 08-09 % of

Object (in millions) Budget Total Budget Total

Salaries $259.56 64.1% $268.10 59.4%

Benefits 58.00 14.3% 65.44 14.5%

Subtotal 317.56 78.4% 333.54 73.9%

Operating 43.50 10.7% 41.44 9.1%

Transfers 42.22 10.4% 72.47 16.1%

Contingency 2.00 0.5% 3.94 0.9%

(Full Day Kindergarten $2.1M)

(General Operating $850K)

(Schools $900K)

Subtotal 87.72 21.6% 117.85 26.1%

TOTAL EXPENDITURES $405.28 100.0% $451.39 100.0%

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General Fund

Revenues & Expenses (in millions)

Adopted Proposed Budget Percentage

Budget Budget Inc / Decr Change

2007-08 2008-09 Over 2007-08 Over 2007-08

BEGINNING FUND BALANCE $33.90 $24.45

($9.45)

-27.7%

REVENUES

Subtotal - Local Tax Revenues 165.47 177.68 12.21 7.4%

Subtotal - Intergovernmental Revenues 208.54 251.98 43.44 20.8%

Subtotal - Other Local Revenue 19.37 19.58 0.21 1.1%

TOTAL REVENUES $393.38 $449.24 $55.86 14.2%

Total Program Funding $321.04 $375.44 $54.40 16.9%

EXPENDITURES

Salaries 259.56 268.10 8.54 3.3%

Benefits 58.00 65.44 7.44 12.8%

Operating 43.50 41.44

(2.06)

-4.7%

Charter School Transfer (based upon Charter's FPC x PPR) 19.61 20.85 1.24 6.3%

Charter Schools' Share of '03 Override (@ $251/FPC) 0.57 0.54

(0.03)

-5.3%

Allocation to Hope Online -

27.00 27.00 0.0%

Capital Reserve Fund Transfer 9.52 11.57 2.05 21.5%

Insurance Reserve Transfer 3.31 2.72

(0.59)

-17.8%

Athletic & Activities Fund Transfer 4.21 4.80 0.59 14.0%

Fund 29 Transfer: Mil Levy Override Fund 5.00 5.00 0.00 0.0%

Contingency ~ Reserve for Schools 0.90 0.90 0.00 0.0%

Contingency ~ Full-Day Kindergarten Program -

2.18 2.18 0.0%

Contingency ~ General Operating 1.10 0.85

(0.25)

-22.7%

TOTAL EXPENDITURES $405.28 $451.39 $46.11 11.4%

CHANGE IN FUND BALANCE

($11.90) ($2.15)

$9.75 -81.9%

BEGINNING FUND BALANCE $33.90 $24.45

($9.45)

-27.9%

ENDING FUND BALANCE $22.00 $22.30 $0.30 1.3%

5.6% 5.0%

Ending Fund Balance - as % of Total Revenues

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General Fund Five Year

Financial Projections (in millions)

* Reductions

are in year

only

Adopted

Budget Projected Projected Projected Projected

2008-09 2009-10 2010-11 2011-12 2012-13

BEGINNING FUND BALANCE $24.5 $22.3 $24.0 $25.6 $26.9

REVENUES

Subtotal - Local Tax Revenues 177.7 187.0 195.7 199.9 208.7

Subtotal - Intergovernmental Revenues 252.0 273.2 294.6 316.1 335.1

Subtotal - Other Local Revenue 19.6 20.2 20.8 21.5 22.2

TOTAL REVENUES $449.2 $480.4 $511.2 $537.5 $566.0

Total Program Funding $375.4 $404.8 $434.3 $460.0 $487.4

EXPENDITURES

Salaries 268.1 286.2 306.4 327.6 348.9

Benefits 65.4 74.3 84.5 95.9 108.2

Operating 41.4 44.6 46.4 48.4 50.1

Charter School Transfer (based upon Charter's FPC x PPR) 20.8 22.1 23.5 24.9 26.3

Charter Schools' Share of '03 Override (@ $251/FPC) 0.5 0.5 0.6 0.6 0.6

Allocation to Hope Online 27.0 27.0 27.0 27.0 27.0

Capital Reserve Fund Transfer 11.6 13.6 14.7 15.8 16.9

Insurance Reserve Transfer 2.7 2.8 2.9 3.0 3.1

Athletic & Activities Fund Transfer 4.8 5.1 5.6 5.9 6.2

Fund 29 Transfer: Mil Levy Override Fund 5.0 5.0 5.0 5.0 5.0

Contingency ~ Reserve for Schools 0.9 1.2 1.2 1.2 1.2

Contingency ~ Full-Day Kindergarten Program 2.2 4.2 4.2 4.2 4.2

Contingency ~ General Operating 0.9 0.9 0.9 0.9 0.9

Reductions 0.0

-8.8 -13.3 -24.1 -33.9

TOTAL EXPENDITURES $451.4 $478.7 $509.6 $536.2 $564.6

CHANGE IN FUND BALANCE

-2.1

1.7 1.5 1.3 1.4

BEGINNING FUND BALANCE $24.5 $22.3 $24.0 $25.6 $26.9

ENDING FUND BALANCE $22.3 $24.0 $25.6 $26.9 $28.3

5.00% 5.00% 5.00% 5.00% 5.00%

Ending Fund Balance - as % of Total Revenues

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General Fund and Other Funds’

Budgets FY 2008-09 Revenues

2009 Alloc Percent of

Fund Budget Per Pupil Budget

General Fund 449.24

$ 7,975

$ 71.8%

Debt Service/Bond Redemption Fund 60.95 1,082 9.7%

Building Fund 3.50 62 0.6%

Capital Reserve Fund 12.26 218 2.0%

Govtl Designated Purpose Grant Fund 11.10 197 1.8%

School Discretionary Fund 2.95 52 0.5%

Nutrition Services Fund 13.02 231 2.1%

Child Care Fund 9.79 174 1.6%

Private Purpose Trusts 0.10 2 0.0%

Pupil Activity Fund 3.36 60 0.5%

Medical Self-Insurance Fund 40.48 719 6.5%

Insurance Reserve Fund 2.72 48 0.4%

Athletic and Activities Fund 11.13 198 1.8%

Mil Levy Override Fund 5.00 89 0.8%

TOTAL 625.60

$ 11,106

$ 100.0%

REVENUES BY FUND (in millions)

FY'09

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2009 Alloc Percent of

Fund Budget Per Pupil Budget

General Fund 451.39

$ 8,013

$ 62.5%

Debt Service/Bond Redemption Fund 60.82 1,080

8.4%

Building Fund 93.88 1,667

13.0%

Capital Reserve Fund 13.49 240

1.9%

Govtl Designated Purpose Grant Fund 11.28 200

1.6%

School Discretionary Fund 2.60 46

0.4%

Nutrition Services Fund 13.00 231

1.8%

Child Care Fund 10.18 181

1.4%

Private Purpose Trusts 0.82 1

0.1%

Pupil Activity Fund 3.00 53

0.4%

Medical Self-Insurance Fund 40.47 719

5.6%

Insurance Reserve Fund 3.82 68

0.5%

Athletic and Activities Fund 11.27 200

1.6%

Mil Levy Override Fund 5.97 106

0.8%

TOTAL 721.99

$ 12,805

$ 100.0%

EXPENDITURES BY FUND (in millions)

FY'09

General Fund and Other Funds’

Budgets FY 2008-09 Expenses

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Other Funds FY 2008-09

Changes

PROPOSED ADOPTED

BUDGET CHANGES BUDGET

FUNDS 2008-2009 2008-2009

CAPITAL RESERVE FUND 13.41

$

M

0.09

$

M

13.50

$

M

SCHOOL DISCRETIONARY FUND 2.28

$

M

0.32

$

M

2.60

$

M

CHILD CARE FUND 10.17

$

M

0.01

$

M

10.18

$

M

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Future Agenda

„

Revise enrollment numbers as needed

per October count

„

Impact of FY2007-08 Audited Financial

Statements

„

The Effect and Future of Student Based

Budgeting

„

Presentation of Revised Budget Prior to

December 31, 2008 as needed

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Supplemental Budget and Appropriation

Resolution for FY 2007-08

„

Medical Self-Insurance Fund

„

Nutrition Services Fund

„

Child Care Fund

„

Govtl Designated Purpose Grant Fund

„

Pupil Activity Fund

„

School Discretionary Fund

Supplemental Resolution for Use of Beginning

Fund Balance for FY 2007-08

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Nutrition Services Fund