MISSION STATEMENT The mission of the Olympia School District is to graduate all students instilled with a hunger for life long learning based on rigorous standards of quality and excellence, achieved through a partnership of school, family, and community. A TRADITION OF EXCELLENCE IN EDUCATION OLYMPIA CUSD NO. 16
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MISSION STATEMENT
The mission of the Olympia School District is to graduate all students instilled with a hunger for life long learning based on rigorous standards of quality and excellence, achieved through a partnership of school, family, and community.
A TRADITION OF EXCELLENCE IN EDUCATION
OLYMPIA CUSD NO. 16
What Do You See?
Young Girl or An
Old Woman?
DEFICIT VS GAP
• Deficit is the difference between revenue and expenditures in one given year.
• Gap is the anticipated difference between revenue and expenditures including the spending of early tax monies, and spending down working cash fund, FY 04 revenue enhancements and FY 04 cost containments.
CLOSING THE 3,890,000 GAP
Cost Reductions
Revenue Enhancement
Working Cash
Taxes Received for2004-05
1,100,000 935,000
355,0001,500,000
2001-2002 Expenditures By Fund
7%
9%
11% 5%5%2%
66%
Fire and Safety
Bond and Interest
Transportation
Operations and Maintenance
Retirement
Purchased Services
Education Fund
2001-2002 O&M Fund Expenditures
18%
21%
34%
27%
Purchased Services
Capital Outlay
Supplies and Materials
Salaries and Benefits
2001-2002 Education Fund Expenditures
6%
6%
80%
7%1%0%
Other Objects
Capital Outlay
Tuition and Transfers
Supplies and Materials
Purchased Services
Salaries and Benefits
Education Fund Revenue99-02 Audited, 03-06 Projected
2003-04 State Aid Increased:Foundation level increased from $4,560 to $4,810Hold Harmless funding- was not eligibleIncreased from $3,851,488 to $4,071,904 = 220,416$
Other State Funding Decreased:
Gifted eliminated – (25,045)
Career Awareness - (10,987)
Staff Development (ADA Block) – (77,732)
Closing the Gap – (52,078)
Reading Improvement – (4,050)
Pre-K – (5,399)
Library Grant – (500)
Ag Supplement – (3,115)
Tech Prep. - (5,300)
Standards Aligned Classroom – (2,000)
Other Categoricals at 90% reimbursement of claim:Special Education Personnel (27,441)
Special Education: Extraordinary, Private, Orphanage (31,598)
Total State Decrease: (245,245)
Other State decreases: ??
Regional Office of Education Services to Districts – State budget cut by 50%
CPPRT funding projected to decrease by approximately $25,000Other Categoricals at 90% reimbursement of claims also applies to Transportation:
Federal:Medicare reimbursement estimated to decrease $40,000 to $50,000
STATE AID FUNDING
• Declining enrollment is occurring in many rural districts throughout the State of Illinois
• Average daily attendance impacts State Aid Funding
• Declining student enrollment results in less
State Aid Funding
FOUNDATION FORMULA on JAN 2003
Foundation Level X Average Daily Attendance (ADA) $4,560 X 2,167 = $9,881,322
Minus Available Local Resources
.03 X $205,680,657 + $278,000 = $6,448,420
Equals Foundation Formula Claim
$9,881,322 - $6,448,420 = $3,432,903
FOUNDATION FORMULA on Aug 2003
Foundation Level X Average Daily Attendance (ADA) $4,810 X 2,169 = $10,432,842
Minus Available Local Resources
.03 X $205,680,657 + $259,387 = $6,429,807
Equals Foundation Formula Claim
$10,432,842 - $6,429,807 = $4,003,035
2001-2002 DATA SCHOOL DISTRICT D
istric
t
SCHOOL TOTAL RATE EDUC
2001EAV Per Pupil
Operating Expense Per Pupil
Chenoa #9 U 5.68709 3.62000 91,279 9,429 Gridley #10 U 5.24262 3.60000 92,022 7,749 Flanagan #4 U 5.58425 3.50000 71,028 8,621 Illini Central #189 U 5.14870 3.50000 73,923 6,964 Heyworth #4 U 5.20747 3.49145 75,702 6,527 Morton #709 U 4.60560 3.44670 111,964 7,355 Delavan #703 U 4.69120 3.42250 89,218 6,754 Lexington #7 U 5.53819 3.40000 93,590 7,625 Hartsburg-Emden #21 U 5.19880 3.36530 105,674 9,293 Prairie Central #8 U 5.55487 3.30000 66,962 7,071 Mt. Pulaski #23 U 4.60400 3.29000 138,377 8,511 Bloomington #87 U 4.40538 3.11673 118,956 7,488 Ridgeview #19 U 4.75609 3.10000 103,723 7,108 Streator Woodland #5 U 5.52759 3.05708 72,737 8,183 Eureka #140 U 4.46430 3.05520 70,339 6,270 Greenview #200 U 4.77650 3.05000 107,402 7,618 Herscher #2 U 4.44500 3.01500 80,335 6,496 Deer Creek-Mackinaw #701 U 4.66990 2.85000 73,256 5,536 Tri Valley #3 U 5.06376 2.84000 85,605 6,947 Tri Point #6-J U 4.66201 2.80000 99,425 6,020 Fieldcrest # 6 U 4.58000 2.97000 99,778 7,107 Tremont #702 U 4.29120 2.72430 72,334 5,530 Athens #213 U 4.42000 2.65810 70,443 5,198 McLean County Unit 5 U 4.35044 2.62000 114,644 7,088 Williamsville #15 U 4.78900 2.60000 67,114 6,416 Blue Ridge #18 U 4.24970 2.50000 102,566 6,775 Mahomet-Seymour #3 U 4.69360 2.45000 59,362 7,056 Olympia #16 U 4.65213 2.39025 89,600 6,955 Warrensburg-Latham #11 U 3.82820 2.33000 79,738 5,131 Rochester #3A U 4.12230 2.25000 70,414 5,374 MidWest Central #191 U 4.56480 2.20000 54,071 6,855 Clinton #15 U 3.25370 1.84000 325,774 8,160
Other Districts Facing Financial Crunch
• PANTAGRAPH 09-11-03
Headline – Task Force to Evaluate Unit 5 Budget
“To balance the budget, at least $5.3 million in cuts or new money must be found .”
- Rebecca Loda - Pantagraph
Why the Gap is Getting Bigger
Expenditures Exceed Revenue Salary and benefits increases Declining student enrollment Unfunded mandates Reduction in state funding Increased energy costsEqualized Assessed Valuation flat lined
Early Taxes in Jeopardy
• PANTAGRAPH 09-11-03
Headline – Single Tax Bill in the Works
“Most counties have a single tax bill, and it’s better to be doing things the same as other counties.”
- Bob Kahman McLean County
Supervisor of Assessments
Depending on Early Taxes
Why not include early taxes on a regular basis?
Borrowing from future revenue to balance the budget is not a good practiceMcLean County doesn’t guarantee that the funding will arrive each JuneMcLean County just announced a plan to change in how taxes are collected
Depending on Early Taxes
• Last 18 days of this Fiscal Year were paid with Next Year’s Tax Money.
How Long Will $1 Million Dollars in the Education Fund