Adoption of the FY16 Budget and Certification of Levies to ... · Adoption of the FY16 Budget and Certification of Levies to County Auditors EXECUTIVE SUMMARY Purpose of Report: To

Prepared by: Finance Office July 13, 2015 Presented by: Todd Vik

Adoption of the FY16 Budget and

Certification of Levies to County Auditors

EXECUTIVE SUMMARY

Purpose of Report: To receive School Board approval of the FY16 Budget and to receive authorization to certify levies to the Minnehaha and Lincoln County Auditors.

The Sioux Falls School Board held a public work session on the budget April 8, 2015 to review the program budgets as presented by the Administration. On April 13, 2015, a public hearing on the District’s FY16 budget was held. No comments were received from the public in attendance at either meeting.

The School Board granted tentative approval of the budget at its meeting held April 27, 2015. There have been changes made to the FY16 Budget since tentative approval. All of the changes are delineated in the attached report.

Administrative Recommendation to School Board: Approve the FY16 Budget as presented and certify the levies to the Minnehaha and Lincoln County Auditors. A suggested motion is attached to the report.

Report prepared by: Finance Office 1 July 13, 2015 Presented by: Todd Vik

Adoption of the FY16 Budget and Certification of Levies to County Auditors

Report

Purpose of Report: To receive School Board approval of the FY16 Budget and to receive authorization to certify levies to the Minnehaha and Lincoln County Auditors.

District Priority Area: Fiscal Accountability and Systems Management

Explanation: The Sioux Falls School Board held a public work session on the budget April 8, 2015 to review the program budgets as presented by the Administration. On April 27, 2015, a public hearing on the District’s FY16 budget was held. No comments were received from the public in attendance at either meeting.

The School Board granted tentative approval of the budget at its meeting held April 27, 2015. There have been changes made to the FY16 Budget since tentative approval. The changes are:

GENERAL FUND

Elementary Administration and Clerical Services Administrative travel/dues and fees were increased by $2,669 to correct an error in the

tentative budget.

Indian Education Services A. 0.5 FTE Administrator was added to Cost Center 134 –Indian Education Services.

This administrator will assume the duties of Indian Education Supervisor and increases the budget by $60,951 for salaries and benefits.

Johnson O’Malley Funds Assumes $20,000 in flow through funds from the Flandreau Santee Sioux Tribe.

School Board/Election Services $15,000 was added for professional development/travel. This will allow all Board

members to travel to the National School Boards Convention.

The amount to fund the revisions was added to cash from fund balance which now stands at $5,439,021.

SPECIAL EDUCATION FUND Special Education -Health Services $98,908 was added to Health Services to fund 1.65 FTE nurses to meet caseload

demands. The same amount was added to cash from fund balance which is $2,649,913.

Administrative Recommendations to School Board: The administration recommends approving the following:

1. Approving the FY16 Budget as presented. 2. Certifying the levies to the Minnehaha and Lincoln County Auditors.


A suggested motion is, as follows:

A motion was made by ______ and seconded by _____, ____ votes “yes” on roll call, adopting the FY16 Budget of the

Sioux Falls School District 49-5 (see MRF # and Action 36960, adopted 7/14/2014) and certifying the levies to the

Minnehaha and Lincoln County Auditors, as follows:

Fund Fund Description

FY16

Revenue

Budget

Transfers

In

Cash from

Fund Balance

Total Funds

Available

FY16

Expenditure

Budget

Transfers

Out

FY16

Expenditure/

Transfer

Budget

10 General $143,310,821 $ - $ 5,439,021 $148,749,842 $148,749,842 $ - $148,749,842

21 Capital 25,441,217 - - 25,441,217 22,809,826 - 22,809,826

22 Special Education 34,803,213 - 2,649,913 37,453,126 37,453,126 * - 37,453,126

24 Pension Fund 2,907,972 - - 2,907,972 2,907,972 - 2,907,972

31 Bond Redemption 2,863,725 - - 2,863,725 2,863,725 - 2,863,725

41Capital Projects-New

Elementary School- - 9,106,650 9,106,650 9,106,650 - 9,106,650

42 Capital Projects-CIP - - 20,711,877 20,711,877 6,358,254 - 6,358,254

46Capital Projects-New

Middle School - - 7,883,118 7,883,118 7,883,118 7,883,118

51 Food Service 10,762,015 - 250,818 11,012,833 10,925,604 - 10,925,604

55 Community Education Svc 5,660,003 - - 5,660,003 6,197,281 - 6,197,281

56 Reprographics Fund 863,650 - - 863,650 853,793 - 853,793

57 House Construction - - 986 986 986 - 986

65 Self-Insurance Trust 30,186,673 - 418,076 30,604,749 30,604,749 - 30,604,749

Totals $256,799,289 -$ $46,460,459 $303,259,748 $286,714,926 -$ $286,714,926

* The first $11.5 million of state and local special education non-federal, non-CEIS expenditures are local expenditures; the remainder are state

expenditures.


And further approving the levies be certified to the County Auditors as follows:

TAX LEVY REQUEST

CALENDAR 2016

Fund

Description

Per

Mil

In

Dollars 10 General Fund Ag Land $1.568

Non-Ag Land (owner occupied) 4.075

Non-Ag Land (non-owner occupied) 8.727

Opt Out $ 4,940,000

21 Capital Outlay Fund 3.000

22 Special Education Fund 1.209

24 Pension Fund .30

31 Bond Redemption Fund -0-

FY16 PROPOSED BUDGET

EXHIBITS


TAX-SUPPORTED FUNDS

REVENUES

Combined Unrestricted Restricted Special Capital Bond

General General General Education Outlay Pension Redemption Proof

Source Fund Fund Fund Fund Fund Fund Fund Total

Local Property Taxes 66,378,728$ 66,378,728$ -$ 11,984,047$ 24,959,250$ 2,892,972$ 1,457,096$ 107,672,093$

State Revenue 59,874,197 59,874,197 - 16,736,166 - - - 76,610,363

Federal Revenue 10,859,407 - 10,859,407 5,166,000 328,308 - - 16,353,715

County (traffic fines) 1,020,000 1,020,000 - - - - - 1,020,000

Other Local Sources 5,178,489 4,966,847 211,642 917,000 153,659 15,000 10,000 6,274,148

Total Revenues 143,310,821$ 132,239,772$ 11,071,049$ 34,803,213$ 25,441,217$ 2,907,972$ 1,467,096$ 207,930,319$

Cash from Fund Balance 5,439,021 5,439,021 - 2,649,913 - - 1,396,629 9,485,563

Transfers In - - - - - - - - Total Revenues, Transfers & Cash 148,749,842$ 137,678,793$ 11,071,049$ 37,453,126$ 25,441,217$ 2,907,972$ 2,863,725$ 217,415,882$

EXPENDITURES

Combined Unrestricted Restricted Special Capital Bond

General General General Education Outlay Pension Redemption Proof

Use Fund Fund Fund Fund Fund Fund Fund Total

Salaries 96,914,079$ 91,491,164$ 5,422,915$ 23,869,879$ -$ -$ -$ 120,783,958$

Benefits 29,823,286 28,145,219 1,678,067 7,668,220 - 2,907,972 - 40,399,478

Purchased Services 14,872,872 11,544,401 3,328,471 5,166,204 1,364,000 - - 21,403,076

Supplies and Materials 6,771,858 6,134,562 637,296 577,493 - - - 7,349,351

Dues and Fees 367,747 363,447 4,300 21,330 630,068 - 10,000 1,029,145

Capital Acquisition - - - 150,000 9,163,925 - - 9,313,925

Debt Services - - - - 11,651,833 - 2,853,725 14,505,558

Total Expenditures 148,749,842$ 137,678,793$ 11,071,049$ 37,453,126$ 22,809,826$ 2,907,972$ 2,863,725$ 214,784,491$

Transfers Out - - - - - - - -

Reserves - - - - 2,631,391 - - 2,631,391 Total Expenditures and Transfers 148,749,842$ 137,678,793$ 11,071,049$ 37,453,126$ 25,441,217$ 2,907,972$ 2,863,725$ 217,415,882$

Created: 2/16/15 1:22 PM

Revised: 7/8/2015 11:59 AM

Printed: 7/8/2015 11:59 AM Exhibit 1


SELF-SUPPORTED FUNDS

REVENUES

Community House Food Capital Insurance

Reprographics Education Construction Service Projects Trust Proof

Source Fund Fund Fund Fund Funds Fund Total

Property Taxes -$ -$ -$ -$ -$ -$ -$

State Revenue - - - 45,000 - - 45,000

Federal Revenue - - - 6,498,876 - - 6,498,876

Other Local Sources 863,650 2,933,234 - 4,218,139 30,186,673 38,201,696

Tuition and Fees - 2,726,769 - - - - 2,726,769

Total Revenue 863,650$ 5,660,003$ -$ 10,762,015$ -$ 30,186,673$ 47,472,341$

Cash from Fund Balance - - 986 250,818 14,241,372$ 418,076 14,911,252

Transfers In - - - - - - -

Total Revenue, Transfers & Cash 863,650$ 5,660,003$ 986$ 11,012,833$ 14,241,372$ 30,604,749$ 62,383,593$

EXPENDITURES

Community House Food Capital Insurance

Reprographics Education Construction Service Projects Trust Proof

Expenditure Fund Fund Fund Fund Funds Fund Total

Salaries 105,601$ 4,424,645$ -$ 3,710,843$ -$ -$ 8,241,089$

Benefits 28,409 825,081 - 1,140,001 - - 1,993,491

Purchased Services 664,783 557,862 986 370,452 - - 1,594,083

Supplies and Materials 55,000 366,193 - 5,293,808 - - 5,715,001

Dues and Fees - 13,500 80,500 - 30,604,749 30,698,749

Capital Acquisition - - - 330,000 15,202,896 - 15,532,896

Total Expenditures 853,793$ 6,187,281$ 986$ 10,925,604$ 15,202,896$ 30,604,749$ 63,775,309$

Non-Cash Depreciation Expense - 10,000 1,452 417,229 - - 428,681

Cash for Equipment - - - 330,000 - - 330,000

Transfers Out - - - - - - -

Total Expenditures & Transfers 853,793$ 6,197,281$ 2,438$ 11,012,833$ 15,202,896$ 30,604,749$ 63,873,990$

Revenues Over Expenditures 9,857$ (537,278)$ (1,452)$ -$ (961,524)$ -$ (1,490,397)$

Created: 2/16/15 1:20 PM

Printed: 7/8/2015 11:59 AM Exhibit 2


GENERAL FUND REVENUES

Increase/

Source FY15 FY16 (Decrease)

District Property Tax Levy 65,867,235$ 66,378,728$ 511,493$

Gross Receipts Tax 1,850,000 2,118,000 268,000

Mobile Home Tax 25,000 31,000 6,000

Penalties & Interest on Taxes 130,000 166,664 36,664

Tuition Sources 374,147 347,983 (26,164)

Transportation Fees 50,000 15,000 (35,000)

Interest Earned 210,000 150,000 (60,000)

Gate Receipts/Ticket Sales 258,200 258,200 -

Rentals 40,000 50,000 10,000

Parking Fees 100,000 100,000 -

County Apportionment 1,150,000 1,020,000 (130,000)

General State Aid 53,234,777 55,973,197 2,738,420

Supplemental State Aid - - -

State Apportionment 1,600,000 1,800,000 200,000

Bank Franchise Tax 2,000,000 2,060,000 60,000

Other State Monies 58,339 41,000 (17,339)

Federal Monies 10,660,153 10,859,407 199,254

Medicaid 630,000 600,000 (30,000)

Tournament Revenue 121,301 211,642 90,341

Miscellaneous Revenue/Other Categorical* 1,035,572 1,130,000 94,428 Total General Fund Revenues 139,394,724 143,310,821 3,916,097

Cash to Finance 5,181,729 5,439,021 257,292 Total General Fund Revenue and Cash 144,576,453$ 148,749,842$ 4,032,389$

*Includes $130,000 from Post-Secondary Technical Fund

Revised: 2/16/15 1:20 PM

Printed: 7/8/2015 12:00 PM Exhibit 3

FY16 PROPOSED GENERAL FUND

BY PROGRAM

(Recommended Levels)

FTE FTE Budget Budget Increase/

BUDGET DATA FY15 FY16 FY15 FY16 (Decrease)

Elementary Program

Projected Enrollment 11,692

Elementary Instruction 579.94 595.89 36,442,728$ 37,263,947$ 821,219$

Elementary Libraries 36.22 34.01 1,564,817 1,481,886 (82,931)

Literacy in Action SF 34.90 24.90 2,310,678 1,719,324 (591,354)

Elementary Teacher Hourly - - 122,178 119,581 (2,597)

Elementary Extra Duty - - 34,727 40,280 5,553

Elementary Admin/Clerical 60.09 58.06 4,559,515 4,402,560 (156,955)

Total Elementary Program 711.15 712.86 45,034,643$ 45,027,578$ (7,065)$

Middle School Program


Middle School Instruction 270.04 276.05 17,870,903$ 18,416,567$ 545,664$

Middle School Libraries 9.35 9.35 448,412 451,713 3,301

Middle School Teacher Hourly - - 107,687 106,702 (985)

Middle School Extra Duty - - 129,837 131,220 1,383

Middle School Admin/Clerical 25.00 25.00 1,922,395 1,959,743 37,348

Total Middle School Program 304.39 310.40 20,479,234$ 21,065,945$ 586,711$

High School Program


High School Instruction 303.95 301.36 20,406,495$ 20,548,325$ 141,830$

High School Libraries 9.22 9.22 401,884 410,046 8,162

High School Extra Duty - - 130,941 131,097 156

High School Admin/Clerical 43.40 43.40 3,291,731 3,501,354 209,623

Career & Tech Ed Academy 20.61 19.49 1,393,085 1,355,239 (37,846)

Total High School Program 377.18 373.47 25,624,136$ 25,946,061$ 321,925$

School-Based Programs

Fine and Performing Arts - 1.00 820,299$ 967,850$ 147,551$

Indian Education (District-funded) 7.00 7.50 531,475 607,876 76,401

Gifted Education 9.45 9.45 736,533 692,821 (43,712)

Auxiliary Programs 9.39 8.50 1,408,267 1,426,162 17,895

Advanced Placement - - 87,997 88,081 84

English Language Learner Program 34.26 49.60 2,568,485 3,557,892 989,407

6-12 Building Support Behavior Program 3.75 3.75 164,463 166,520 2,057

Elementary Behavior Program 6.88 10.23 320,777 438,016 117,239

Secondary Behavior Program 10.48 11.30 551,110 577,705 26,595

Health Services 12.40 12.40 794,126 826,837 32,711

Social Workers 4.00 4.00 288,355 287,611 (744)

Counseling Services 62.95 62.48 3,719,026 3,881,929 162,903

Transportation Services 0.50 0.50 2,313,714 1,431,084 (882,630)

Athletics 2.00 2.00 1,959,578 1,940,608 (18,970)

Total School-Based Programs 163.06 182.71 16,264,205$ 16,890,992$ 626,787$

Created 2/16/15 1:20 PM

Printed 7/8/2015 12:00 PM Exhibit 4

FY16 PROPOSED GENERAL FUND

BY PROGRAM

(Recommended Levels)



District-Coordinated Services

Curriculum Services 7.00 7.00 1,724,806$ 3,004,469$ 1,279,663$

Staff Development 12.90 11.90 1,270,955 1,203,952 (67,003)

Library/Technical Services 2.25 2.25 298,937 299,618 681

Student Assessment 1.75 1.75 239,414 228,942 (10,472)

Information Services 24.25 25.25 2,236,678 2,345,632 108,954

Human Resources 11.00 11.00 1,005,912 1,026,712 20,800

Superintendent's Office 2.00 2.00 339,606 340,466 860

Community Rel/Community Ed 3.55 3.55 283,725 285,786 2,061

Finance Office 16.70 17.70 1,417,357 1,467,245 49,888

School Board Svc/Election Svc - - 134,125 196,529 62,404

Operational Services 208.59 207.24 17,118,256 16,902,028 (216,228)

Committed Funds 3.00 10.00 323,010 1,446,838 1,123,828

Total District-Coordinated Prog. 292.99 299.64 26,392,781$ 28,748,217$ 2,355,436$

Total Unrestricted General Fund 1,848.77 1,879.08 133,794,999$ 137,678,793$ 3,883,794$



Tournaments - - 121,301$ 211,642$ 90,341$

Head Start 11.41 12.11 2,321,859 2,351,562 29,703

Indian Education (Federal Only) 2.98 2.98 258,193 250,918 (7,275)

Indian Education (Johnson O'Malley) - - - 20,000 20,000

Carl Perkins 1.50 1.50 254,440 299,743 45,303

Title I -- Regular 64.36 59.76 4,880,650 4,803,128 (77,522)

Title I -- Neglected & Delinquent 6.80 6.80 435,246 435,246 -

Title I -- McKinney Homeless 0.62 0.62 85,500 87,533 2,033

Title I -- Set Aside 1.62 2.44 153,581 172,951 19,370

Title I -- School Improvement 0.25 1.46 146,309 182,205 35,896

Title II -- Part A, Improving Teacher Quality 13.20 13.95 1,054,322 1,055,486 1,164

Title III - Language Instruction 6.00 6.60 408,399 524,800 116,401

Refugee Impact Grant 2.25 1.50 110,992 74,025 (36,967)

Migrant Education 3.00 3.00 302,000 353,137 51,137

Starbase - - 2,000 2,000 -

Indirect Costs 2.60 2.60 246,662 246,673 11

Total Restricted General Fund 116.59 115.32 10,781,454$ 11,071,049$ 289,595$

Total General Fund 1,965.36 1,994.40 144,576,453$ 148,749,842$ 4,173,389$

Created 2/16/15 1:20 PM


Budgeted Projected Projected Projected Projected Projected

FY15 FY16 FY17 FY18 FY19 FY20

1 Prior Year Regular Revenues 131,894,724 137,090,821 142,869,010 148,824,177 154,766,940

2 Additional Regular Revenues 5,196,097 5,778,189 5,955,167 5,942,763 6,137,216

3 Total Regular Revenues 137,090,821 142,869,010 148,824,177 154,766,940 160,904,156

4 Prior Year Opt Out Revenues 7,500,000 6,220,000 4,940,000 4,940,000 6,220,000

5 Additional Opt Out Revenues (1,280,000) (1,280,000) 0 1,280,000 1,280,000

6 Total Opt Out Revenues 6,220,000 4,940,000 4,940,000 6,220,000 7,500,000

7 Total Revenues Budgeted 139,394,724 143,310,821 147,809,010 153,764,177 160,986,940 168,404,156

8 Prior Year Expenditures 144,576,453 148,695,328 149,683,519 155,161,578 158,609,895

9 Increase in Salary 1,915,387 1,436,916 1,704,782 2,129,657 2,181,916

10 Increase in Benefits 1,319,237 786,623 900,728 1,029,101 1,076,087

11 Increase in Non-Salary 884,251 (1,235,348) 2,872,549 289,559 2,078,700

12 Program Salary Increases/(Cuts) 0 0 0 0 0

13 Program Benefits Increases/(Cuts) 0 0 0 0 0

14 Program Other Increases/(Cuts) 0 0 0 0 0

15 Total Program Increases 0 0 0 0 0

16 Total Expenditures 144,576,453 148,695,328 149,683,519 155,161,578 158,609,895 163,946,598

17 Budgeted Use of Fund Balance (5,181,729) (5,384,507) (1,874,509) (1,397,401) 2,377,045 4,457,558

18 Adjustment for Current Year Projection 450,000

19 Fund Balance Increase/(Decrease) (4,731,729)

20 Unreserved FB 6/30 of Budget Year 19,460,996 14,076,489 12,201,979 10,804,578 13,181,623 17,639,182

21 FB as a Percent of Prior Year Expds. 13.5% 9.5% 8.2% 7.0% 8.3% 10.8%

22 Per Pupil Formula Revenue 4,781 4,877 5,023 5,174 5,329 5,519

23 Per Pupil Other Revenue 981 996 994 993 994 966

24 Per Pupil Total Reg. Revenue 5,762 5,873 6,017 6,167 6,323 6,485

25 Per Pupil Opt-Out Revenue 329 267 209 205 255 303

26 Total Per Pupil Revenue 6,088 6,141 6,226 6,372 6,578 6,789

27 Total Per Pupil Rev. Over/(Under) Expds. (226) (231) (79) (58) 97 180

442

28 Fall Enrollment 22,896 23,338 23,740 24,130 24,472 24,807

29 Cost of Text Book Adoption 652,655 2,179,600 1,732,474 4,102,351 1,178,053 2,605,861

30 State Aid Index Factor 3.36% 2.0% 3.0% 3.0% 3.0% 3.0%

31 Other Discretionary Revenue Increase 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%

32 District Salary Increase 3.36% 2.00% 3.00% 3.00% 3.00% 3.00%

33 Medical Benefits Increase 5.0% 2.3% 5.0% 5.0% 5.0% 5.0%

34 Inflation for PS, Supplies, & Dues. 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%

35 Increase in Valuation 4.9% 4.5% 4.4% 4.3% 4.2% 4.1%

36 Calendar Year Opt-Out Amount* 7,500,000 4,940,000 4,940,000 4,940,000 7,500,000 7,500,000

37 Owner Occupied Opt-Out Levy 0.53 0.34 0.33 0.32 0.47 0.45

38 Commercial Opt-Out Levy 1.14 0.73 0.70 0.68 1.00 0.97

Efficiency Factor

Annual Effect 1,652,386 1,123,642 1,131,110 779,706 397,519 410,894

Compounded Effect per Year 1,652,386 2,825,451 4,041,071 4,941,646 5,486,970 6,061,980

Fund Balance wihout Efficiency Factor 12.2% 6.3% 3.4% 1.1% 1.6% 3.2%

4/9/2015 Exhibit 5


SPECIAL EDUCATION FUNDREVENUES


Source FY15 FY16 FY15 FY16 (Decrease)

Property Taxes 11,955,848$ 11,984,047$ 28,199$

State Revenue 15,111,848 16,736,166 1,624,318

Federal Revenue 5,166,000 5,166,000 -

Other Local Sources 928,000 917,000 (11,000)

Cash from Fund Balance 2,350,323 2,649,913 299,590

Total Revenue 35,512,019$ 37,453,126$ 1,941,107$

EXPENDITURES


Program FY15 FY16 FY15 FY16 (Decrease)

Early Childhood 21.35 20.85 1,977,705$ 1,953,434$ (24,271)$

Early Childhood Screen/Evaluation 3.48 3.48 232,897 225,500 (7,397)

Early Intervening Services - Federal 11.50 11.50 804,980 786,553 (18,427)

Early Intervening Services - State/Local 9.31 10.48 645,183 735,893 90,710

Elementary Special Education 183.05 195.91 7,388,075 7,753,815 365,740

Elementary Behavior Program 23.24 27.34 913,558 1,244,350 330,792

Middle School Special Education 80.36 90.05 3,391,851 3,745,822 353,971

High School Special Education 88.46 94.06 3,836,156 3,933,964 97,808

K-12 Building Support Behavior Program 16.33 18.71 760,882 896,629 135,747

Secondary Behavior Program 29.67 29.19 1,536,407 1,509,087 (27,320)

Community Campus 12.29 12.29 707,446 717,345 9,899

Speech Therapy 26.70 28.70 1,803,778 1,853,538 49,760

Services to Visually Impaired 2.00 2.00 120,125 119,175 (950)

Services to Hearing Impaired 10.50 10.50 534,856 543,342 8,486

Occupational/Physical Therapy 17.30 17.30 1,574,428 1,597,024 22,596

Psychological Services 8.85 10.85 768,451 912,169 143,718

Penitentiary Program 0.50 0.50 46,494 47,242 748

Out of District Placements - - 1,722,320 1,872,320 150,000

Adaptive Physical Education 4.10 4.10 257,865 250,380 (7,485)

Extended Year Program - - 245,376 248,248 2,872

Health Services 10.70 12.60 678,681 812,070 133,389

Staff Services 19.38 19.88 1,959,452 1,909,303 (50,149)

Transportation Services 0.50 0.50 1,981,716 2,022,900 41,184

Central Administration 14.50 15.00 1,324,337 1,363,170 38,833

Committed Funds - - 299,000 399,853 100,853

Total Special Education Fund 594.07 635.79 35,512,019$ 37,453,126$ 1,941,107$

Created: 2/16/15 1:20 PM



CAPITAL OUTLAY FUND

REVENUES

Increase/

Budget Budget (Decrease)

Source FY15 FY16 from Prior Year

Property Taxes 19,325,385$ 24,959,250$ 5,633,865$

Other Local Sources 124,368 153,659 29,291

State Sources - - -

Federal Sources 338,575 328,308 (10,267)

Total 19,788,328$ 25,441,217$ 5,652,889$

Cash from Fund Balance 1,112,854 - (1,112,854)

Total Revenues & Transfers 20,901,182$ 25,441,217$ 4,540,035$

EXPENDITURES

Increase/


Use FY15 FY16 from Prior Year

Building & Land Acquisitions*** -$ -$ -$

Renovations and Maintenance 3,416,571 3,533,273 116,702

Site Improvements 1,637,238 2,236,565 599,327

Professional Services 240,100 84,000 (156,100)

Purchased Services* (Transportation) 398,052 1,280,000 881,948

Equipment**** 536,692 963,764 427,072

Library Books - - -

Technology 1,872,196 1,695,471 (176,725)

Building Allocations** 672,310 529,852 (142,458)

Vehicles 195,000 205,000 10,000

Principal 5,880,000 6,290,000 410,000

Interest 5,560,568 5,361,833 (198,735)

Dues and Fees 492,455 630,068 137,613

Total 20,901,182$ 22,809,826$ 2,760,478$

CIP Projects Fund Transfers - - -

Reserve Funds - 2,631,391 2,631,391 Total Expenditures and Reserves 20,901,182$ 25,441,217$ 5,391,869$

* 15% of the Bus Contract

** To be allocated to appropriate budget lines in final budget.

*** Land will be budgeted in a Reserve Fund

****CTE Equipment will be budgeted in a Reserve Fund

Created 2/16/15 1:20 PM

Revised 2/16/15 1:40 PM



PENSION FUND

REVENUES

Increase/



Local Sources--Property Taxes 2,708,443$ 2,892,972$ 184,529$


Total 2,728,443$ 2,907,972$ 179,529$

EXPENDITURES

Increase/



Early Retirement Benefits 1,878,443$ 1,761,856$ (116,587)$

South Dakota Retirement System 850,000 1,146,116 296,116

Total 2,728,443$ 2,907,972$ 179,529$

Created: 2/16/15 1:20 PM

Revised: 2/16/15 2:00 PM



BOND REDEMPTION FUND

REVENUES

Budget Budget Increase/

Source FY15 FY16 (Decrease)

Property Tax 2,914,524$ 1,457,096$ (1,457,428)$


Cash from Fund Balance - 1,396,629 1,396,629

Total 2,934,524$ 2,863,725$ (70,799)$

EXPENDITURES

Budget Budget Increase/

Use FY15 FY16 (Decrease)

Debt Service 2,863,575$ 2,853,725$ (9,850)$

Dues and Fees 10,000 10,000 -

Total 2,873,575$ 2,863,725$ (9,850)$

Created 2/16/15 1:20 PM

Revised 2/16/15 1:25 PM


History of Property Tax Levies Since 2000

Payable Payable Payable Payable Payable Payable Payable Payable Payable Payable Payable*

Assessments: 2000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

District Assessment Total 4,689,173,198 7,682,672,112 8,256,358,417 8,687,207,193 8,932,536,216 9,048,211,420 8,968,201,347 8,833,377,209 8,991,407,688 9,389,693,279 9,812,229,477

% Increase from prior year 8.14% 8.05% 7.47% 5.22% 2.82% 1.29% -0.88% -1.50% 1.79% 4.43% 4.50%

Payable Payable Payable Payable Payable Payable Payable Payable Payable Payable Payable

Taxes: 2000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Mil Rates:(Per $1000 of valuation)

General Fund Agricultural 4.73 3.22 2.86 2.75 2.71 2.69 2.78 2.66 2.37 2.02 1.72

General Fund Owner Occupied 7.62 5.06 4.50 4.32 4.26 4.18 4.62 4.61 4.86 4.82 4.46 General Fund Commercial 16.21 10.84 9.66 9.25 9.13 8.96 9.87 9.88 10.41 10.32 9.55 Special Education Fund 1.40 1.40 1.20 1.20 1.20 1.20 1.20 1.20 1.35 1.29 1.21 Capital Outlay Fund 2.07 2.28 2.48 2.37 2.41 2.41 2.07 2.09 2.09 2.16 3.00 Bond Fund 0.65 0.30 0.21 0.32 0.29 0.28 0.29 0.28 0.33 0.31 0.00 Pension Fund 0.00 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30

Total Agricultural 8.85 7.50 7.05 6.94 6.91 6.89 6.64 6.53 6.44 6.08 6.23

Total Owner Occupied 11.74 9.34 8.69 8.51 8.46 8.37 8.48 8.48 8.94 8.88 8.97 Total Commercial 20.27 15.12 13.85 13.44 13.33 13.15 13.73 13.75 14.49 14.38 14.10

Payable Payable Payable Payable Payable Payable Payable Payable Payable Payable Payable

2000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Assessed Value 98,516 136,093 141,565 143,615 145,665 145,665 137,729 137,729 137,729 139,054 140,392 - Taxable Value 93,394 122,075 125,144 129,110 130,516 131,535 121,890 122,235 122,579 126,122 127,335School Taxes 1,097 1,140 1,088 1,099 1,105 1,101 1,034 1,037 1,095 1,120 1,142 - % Increase Over Prior Year -0.9% -4.6% 1.0% 0.5% -0.3% -6.1% 0.3% 5.7% 2.2% 2.0%

Average Annual Increase: 0.32%

FY98 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14

Total Paid 438,348,560 607,436,346 660,042,811 691,218,595 733,797,079 740,503,025 722,422,016 786,303,271 838,239,997 872,212,501 924,027,908

Estimated Population 743,500 783,967 789,926 795,929 801,978 808,073 814,180 820,580 827,053 833,603 840,233Per Capita Sales Tax 590 775 836 868 915 916 887 958 1,014 1,046 1,100 - % Increase Over Prior Year 5.0% 7.8% 3.9% 5.4% 0.2% -3.2% 8.0% 5.8% 3.2% 5.1%Average Annual Increase: 4.0%

* Estimated

Comparable History of State Sales, Use, & Contractors' Excise Tax (most recent years available)

Effect on a $98,516 House Assessed Valuation in 2000

Exhibit 10


CAPITAL PROJECTS FUNDS

REVENUES

Increase/



Transfer In from Capital Outlay Fund -$ -$ -$

Transfer from Capital Outlay Fund (to be restored) - - -

Total Transfers -$ -$ -$

Construction Fund Draw 20,711,877$ -$ (20,711,877)$

Cash from Fund Balance - 6,358,254 6,358,254

Total Revenue and Transfers 20,711,877$ 6,358,254$ (14,353,623)$

EXPENDITURES

Increase/



Professional Services 773,844$ 195,000$ (578,844)$

Furnishings and Equipment 495,713 294,767 (200,946)

Site Improvements (HWF Turf-Fieldhouse Lighting) 1,010,000 3,370,032 2,360,032

Technology (1:1 Initiative) - - -

Buildings 18,432,320 2,498,455 (15,933,865)

Total Expenditures 20,711,877$ 6,358,254$ (14,353,623)$

Transfer to Capital Outlay - - -

Total Expenditures and Transfers 20,711,877$ 6,358,254$ (14,353,623)$

REVENUES

Increase/



Scheduled Construction Fund Draw -$ -$ -$

Cash from Fund Balance 288,371 7,883,118 7,594,747

Total Revenue 288,371$ 7,883,118$ 7,594,747$

EXPENDITURES

Increase/



Professional Services -$ 100,000$ 100,000$

Furnishings and Equipment 238,471 463,050 224,579

Site Improvements - - -

Buildings 49,900 7,320,068 7,270,168

Total Expenditures 288,371$ 7,883,118$ 7,594,747$


Total Expenditures and Transfers 288,371$ 7,883,118$ 7,594,747$

Capital Projects Fund - Jefferson Elementary School

Capital Projects Fund - CIP Projects

Created: 2/16/15 1:20 PM



CAPITAL PROJECTS FUNDS

REVENUES

Increase/



Scheduled Construction Fund Draw 9,106,650$ -$ (9,106,650)$

Cash from Fund Balance 961,524$ 961,524

Interest - - -

Total Revenue 9,106,650$ 961,524$ (8,145,126)$

EXPENDITURES

Increase/



Professional Services 180,000$ 13,000$ (167,000)$

Furnishings and Equipment 55,125 98,398 43,273

Site Improvements - - -

Buildings 8,871,525.00 850,126 850,126

Total Expenditures 9,106,650$ 961,524$ 726,399$


Total Expenditures and Transfers 9,106,650$ 961,524$ 726,399$

Capital Projects Fund - Susan B. Anthony Elementary School

Created: 2/16/15 1:20 PM



FOOD SERVICE FUND

REVENUES

Increase/

FTE FTE Budget Budget (Decrease)/

Source FY15 FY16 FY15 FY16 from Prior Year

Pupil Sales 4,116,000$ 4,129,245$ 13,245$

Adult Sales 101,160 84,121 (17,039)

Other State Revenue 85,000 45,000 (40,000)

Federal Reimbursement 5,811,547 5,698,876 (112,671)

Commodities 675,000 800,000 125,000

Other Local Sources 2,500 4,773 2,273

Cash from Fund Balance - 250,818 250,818

Transfer In - - -

Total 10,791,207$ 11,012,833$ 471,535$

EXPENDITURES

Increase/

FTE FTE Budget Budget (Decrease)/

Use FY15 FY16 FY15 FY16 from Prior Year

Administration 1.00 1.00 92,842$ 93,388$ 546$

Clerical 3.00 4.00 76,087 115,000 38,913

Custodial 10.91 10.76 394,920 398,194 3,274

Specialists 3.00 3.00 141,985 139,776 (2,209)

Child Nutrition Workers 96.11 96.11 2,049,818 2,091,752 41,934

Education Assistants 43.88 43.88 732,966 771,963 38,997

Classified Other Hourly - - 7,500 10,000 2,500

Other Temporary Pay - - 86,425 82,513 (3,912)

Overtime - - 8,500 8,257 (243)

Benefits - - 1,161,763 1,140,001 (21,762)

Purchased Services - - 390,607 370,452 (20,155)

Supplies and Materials - - 4,980,703 5,293,808 313,105

Dues and Fees - - 68,000 80,500 12,500

Equipment - - 160,000 170,000 10,000

Technology - - 25,000 80,000 55,000

Facility - - 80,000 80,000 -

Total Expenditures Before Depreciation 157.90 158.75 10,457,116$ 10,925,604$ 468,488$

Non-Cash Depreciation Expense - - 396,021 417,229 21,208

Less Cash for Equipment & Technology - - 265,000 330,000 65,000

Total Food Service Fund - - 10,588,137$ 11,012,833$ 424,696$

Revised 2/16/15 1:20 PM



ENTERPRISE FUNDS

Increase/

FTE FTE Budget Budget (Decrease)

BUDGET DATA FY15 FY16 FY15 FY16 from Prior Year

Administrative Staff 0.50 0.50 60,567$ 62,486$ 1,919$

Teachers - - - - -

Specialists 1.00 1.00 40,612 42,115 1,503

Employment Contract Staff - - - - -

Executive Assistants - - - - -

Clerical Staff - - - - -

Education Assistants - - - - -

Custodial/Maintenance Staff - - - - -

Substitute Teachers - - - - -

Teacher Extra Pay (Point System) - - - - -

Teacher Other Hourly - - - - -

Classified Other Hourly - - - - -

Other Temporary Pay - - - - -

Overtime - - 1,000 1,000 -

Benefits - - 28,190 28,409 219

Purchased Services - - 679,009 664,783 (14,226)

Supplies & Materials - - 55,000 55,000 -

Dues & Fees - - - - -

Total 1.50 1.50 864,378$ 853,793$ (10,585)$

Capital Equipment - - - - -

Total Expenditures 1.50 1.50 864,378$ 853,793$ (10,585)$

Revenues - - 871,857 863,650 (8,207)

Revenues over Expenditures 1.50 1.50 7,479$ 9,857$ 2,378$

Increase/



Supplies and Materials -$ -$ -$

Purchased Services 986 986 -

Dues and Fees - - -

Depreciation 1,452 1,452 -

Total Expenditures - - 2,438$ 2,438$ -$

Projected Revenues - - -

Revenue over Expenditures - - (2,438)$ (2,438)$ -$

Reprographics Center

Carpentry House

Revised 2/16/15 1:20 PM



ENTERPRISE FUNDS

Increase/



Administrative Staff 0.70 0.70 69,210 74,091$ 4,881

Teachers 31.20 31.20 1,424,887 1,478,478 53,591

Specialists 7.65 7.40 180,967 278,595 97,628

Employment Contract Staff 20.55 22.10 552,115 611,667 59,552

Executive Assistants - - - - -

Clerical Staff 0.25 0.25 17,502 8,582 (8,920)

Education Assistants 30.00 30.00 550,621 534,551 (16,070)

Custodial/Maintenance Staff - - - - -

Substitute Teachers - - 22,820 21,050 (1,770)

Teacher Extra Pay (Point System) - - - - -

Teacher Other Hourly - - 130,579 101,254 (29,325)

Classified Other Hourly - - 2,200 4,800 2,600

Other Temporary Pay - - 799,701 1,311,577 511,876

Overtime - - - - -

Benefits - - 732,639 825,081 92,442

Purchased Services - - 338,053 557,862 219,809

Supplies & Materials - - 398,601 366,193 (32,408)

Dues & Fees - - 11,350 13,500 2,150

Depreciation - - - 10,000 10,000

Total 90.35 91.65 5,231,245$ 6,197,281$ 966,036$

Revenues - - 5,114,684 5,660,003 772,750

Revenue over Expenditures 90.35 91.65 (116,561)$ (537,278)$ (193,286)$

Total Enterprise Funds 91.85 93.15 6,098,061$ 7,053,512$ 955,451$

Community Education/Kid's Inc.

Revised 2/16/15 1:20 PM



INSURANCE TRUST FUND

REVENUES

Increase/



Premium Payments 29,440,634$ 30,161,673$ 721,039$

Interest and Other Revenue 120,000 25,000 (95,000)

Total Revenue 29,560,634$ 30,186,673$ 626,039$

Cash from Fund Balance 341,731 418,076 76,345

Total Revenue and Cash 29,902,365$ 30,604,749$ 702,384$

EXPENDITURES

Increase/



Claims Payment 26,493,951$ 27,344,552$ 850,601$

Administrative Costs 3,408,414 3,260,197 (148,217)

Total 29,902,365$ 30,604,749$ 702,384$

Revised 2/16/15 1:20 PM


Adoption of the FY16 Budget and Certification of Levies to ... · Adoption of the FY16 Budget and Certification of Levies to County Auditors EXECUTIVE SUMMARY Purpose of Report: To

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