Annual Budget Fiscal Year 2014 - PowerPoint PPT Presentation

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Annual Budget Fiscal Year 2014

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  1. Annual Budget Fiscal Year 2014 Jason W. Taylor September 5, 2013

  2. Fiscal Year 2014 Budget (Proposed) `

  3. General Fund Activity Fiscal Year 2014 vs. 2013

  4. Revenue/Expenditures As % of Total Revenues

  5. Revenues (by Source) * * Percentage allocations are presented net of capital bond proceeds (~$68,000,000) in order to normalize the revenue allocation between funding sources.

  6. Expenditures (by Function) * * Percentage allocations are presented net of capital construction outlay (~$86,225,000) in order to normalize true direction of District expenditures.

  7. Fiscal Year 2014 Special Initiatives

  8. Huntsville City Schools SupplementsPurpose • Attract and retain HCS faculty/staff to participate in extracurricular academic and character development activities to further promote our students to higher levels of mental and physical performance and personal growth to help them succeed in life.

  9. Huntsville City Schools SupplementsOverview • Supplements are given at the discretion of the district • Governed by HCS Policy 5.4, Supplemental Duties • By appointment at district level (with principal input) • NOT an entitlement or guaranteed by tenure • Assignments to be made and approved on an annual basis • May be removed or resign from supplemental (i.e., coaching) position at any time

  10. Huntsville City Schools SupplementsOverview • Regardless of whether they are certified or classified employees or non-HCS employees, athletic and academic coaches will receive the same supplement amount • With the exception of classified employees whose job duties are substantially similar to their coaching duties, classified athletic and academic coaches are considered “volunteers” • Volunteer coaches will not receive overtime for any of the volunteer activities performed in their coaching capacity

  11. Huntsville City Schools SupplementsExamples • Academic: Academic Competition; Math Team; National Honor Society; Science Team; Career Tech; Debate; Foreign Language; Robotics; Cyber Security, etc. • Athletics: High School/Middle School Athletic Directors; Head/Assistant Coaches (Football, Basketball, Baseball, Cheerleading, Wrestling, etc.) • Arts: Band Directors/Assistants; Choral; Art Club; Drama; Newspaper/Journalism; Literary Publications • Community: Junior/Senior Class; Service Clubs; Student Council; Yearbook; Webmaster; Safety Coordinator

  12. Huntsville City Schools Supplements • New Supplements: • High School/Middle School Athletics Directors: Oversee all athletics programs for the school; will also manage their school’s supplement program (with the exception of their own) • Career Tech: Regional/ International-level performance teams (Green Car Team/Culinary Arts) • IB Coordinators (moved from principal’s books) • Cyber Security • Robotics • Student to Student • STEM Coordinators • School Webmasters • School Safety Coordinators • District Scholarship Coordinator • Deleted: Credit Recovery Coordinator

  13. Huntsville City Schools SupplementsRate Changes • Increase in Current Supplements • All will see an increase • Rates will meet or exceed those paid in Madison City and Madison County for comparable duties • Larger supplement increases will be “stepped” • Last year’s (2012-2013) rate will be Step 1 • Those in second year or more will receive Step 2 • Increase each year to Step 4 • Effective Date: 2014 Budget Year (Oct 1, 2013)

  14. Huntsville City Schools SupplementsExamples (Not All Inclusive)

  15. Huntsville City Schools SupplementsExamples (Not All Inclusive)

  16. Fiscal Year 2014 Capital Projects

  17. Fund Balance Historical/Projected

  18. Fund Balance Coverage Historical/Projected

  19. Financial Forecast: Fiscal Year 2014 • ALSDE Foundation Funding: • Education Trust Fund appropriations (~$50M) diverted to fund private school transfer credits (Alabama Accountability Act). • While HCS saw a modest increase in pupil enrollment, there is a decrease in the number funded teaching units (5.7 units, loss of $355,000 in funding). • Although Foundation revenues allocated for fringe benefits and other current expenses increased by $1.5M, so did the required 10 Mill Foundation match (paid from local funds).

  20. Financial Forecast: Fiscal Year 2014 (cont’d) • ALSDE Foundation Funding (continued): • Meaning…the cost burden for the Foundation units’ salary increase, which will take effect in October 2012, and the 1.73% increase in TRSA match will fall on the District. Total estimated cost of the changes in the Foundation Program to Huntsville City Schools in Fiscal Year 2014 is approximately $2M.

  21. Financial Forecast: Fiscal Year 2014 (cont’d) • USDE Federal Funding: • Reduction(s) in 2014 Federal Funding for HCS • Title I, Part A $ 380,000 • Title I, Part D $ 127,000 • Title I, School Improvement $ 350,000 • Title II, Part A $ 553,000 • IDEA, Special Education $ 180,000 • Total Reduction(s) $ 1,590,000

  22. Financial Forecast: Fiscal Year 2014 (cont’d) • Huntsville City/Madison County Funding: • Based on current projections, we anticipate sustaining a General Fund balance between 105% and 110% of the required balance through fiscal year 2015 (barring proration or unanticipated decline in the local economy). • No solid projection beyond 2015 at this point. • Requires that we exercise caution when considering new/future recurring expenditures not otherwise included in this budget. • Regarding Capital Projects : • Anticipate that long term rates on municipal debt are likely to increase in the near term. • Will recommend selling of final increment of debt to complete the capital plan this Fall. • At current rates, HCS has sufficient capacity to service the cost of additional capital.

  23. QUESTIONS