Beruflich Dokumente
Kultur Dokumente
Preliminary Budget
For Fiscal Year
July 1, 2017 June 30, 2018
Prepared by
Financial Services Department
FY 2018 Preliminary Budget
For Fiscal Year July 1, 2017 - June 30, 2018
Table of Contents
Page
General Fund New Budget Format to Old Budget Format Reconciliation ...................................... 13
Preliminary General Fund Budget Assumptions
2017-18 Fiscal Year
The Preliminary Budget includes the following assumptions:
The actual revenue from the state that will be applied to PSDs budget
Additional costs as a result of negotiations (step, market adjustments, cost of living)
1
Preliminary Budget
General Fund
2017-18 Fiscal Year
6 Revenues
7 State Formula
8 Equalization $ 136,692,714 $ 137,848,483 $ 137,848,483 $ 138,427,580
9 Property Tax 76,971,748 78,983,543 78,983,543 85,237,937
10 Specific Ownership Tax 5,954,013 6,189,456 6,189,456 6,777,413
1
Includes reductions in state funding of $26.0 million, $25.8 million and $27.1 million, which represents the gap between funding that should
have been provided as the state's share of total program funding and the amount received in FY2016, FY2017, FY2018, respectively.
2
Preliminary Budget
General Fund
2017-18 Fiscal Year
(Continued)
48 Charter Schools
49 Allocation 5 18,043,475 18,651,478 18,651,478 19,669,969
50 State Reductions and/or Rescissions (1,961,908) (1,983,232) (1,983,232) (2,115,069)
51 Net to Charter Schools 16,081,567 16,668,246 16,668,246 17,554,900
53 Ending Balance
54 Restricted
55 TABOR Amendment Emergency Reserve 7,525,000 7,794,047 7,794,047 7,767,698
56 Reserve for Multi-Year Contracts 575,000 575,000 575,000 575,000
57 Land Acquisition, Expansion & Development 6,526,076 8,326,076 8,318,345 10,118,345
58 Assigned
59 School and Site-Based Carryover 2 17,258,625 16,258,625 12,208,449 12,208,449
60 2000 Mill Levy Incentives Carryover 2 435,062 400,925 398,281 398,281
61 1996 Mill Levy Technology Carryover 2 657,688 838,794 799,386 799,386
62 Capital Project Carryover 2 2,235,505 2,235,505 582,668 582,668
63 Long Range Planning 808,400
64 Reserve for Prepaids 580,951 150,000 150,000 150,000
65 Reserve for budgetary to GAAP conversion 13,640,781 13,777,189 13,777,189 14,190,505
66 Unassigned
67 Required Contingency Reserves 4,753,494 4,876,772 4,862,666 2,413,684
68 Appropriated Reserve 3,332,711 594,462 4,881,421 9,000,000
69 Total Ending Balance 58,329,293 55,827,395 54,347,452 58,204,016
2
Actual and estimated expenditures may include spending of additional amounts carried over from previous year. Budgeted expenditures
do not include planned or projected spending of carryover, however carryovers are spendable during the budget cycle.
3
Elementary, Middle, and High School budgets include student based budget allocations of approximately $119.2 million. The remaining
$55.1 million supports schools with resources for Integrated Services, Language, Culture, and Equity, activities and athletics, substitutes,
technology, and school level operational costs.
4
Beginning FY 2016-17, the All Day Kindergarten tuition program is reported as general fund activity. In prior years this activity was reported
in the public schools activity fund. The FY 2016-17 general fund budget has an increase of $2.5 million in both revenue and expenditures,
with respective decreases in the public school activities fund.
5
Revenue from services to charter schools has been netted against charter school expenditures.
3
Preliminary Budget
General Fund
2017-18 Operational Budget Revenue Summary
5 Total State Formula Before Reductions 219,618,475 223,021,482 223,021,482 230,442,930 7,421,448 3.30%
6 State Reductions and/or Rescissions (26,035,189) (25,755,870) (25,755,870) (27,090,017) (1,334,147) 5.20%
7 Total State Formula After Reductions 193,583,286 197,265,612 197,265,612 203,352,913 6,087,301 3.10%
44 Total Other State Revenue 9,557,261 9,406,663 9,476,869 9,833,588 356,719 3.80%
45 Federal Revenue
46 Other Federal Revenue 218,598 135,000 135,000 135,000
1
Equalization differs from the CAFR as follows:
FY2016: Equalization = CAFR $110,657,525 + state reductions $26,035,189.
2
Beginning FY 2016-17, the All Day Kindergarten tuition program is reported as general fund activity. In prior years this activity was reported
in the public schools activity fund. The FY 2016-17 general fund budget has an increase of $2.5 million in both revenue and expenditures,
with respective decreases in the public school activities fund.
3
Other Local Revenue differ from the CAFR as follows:
FY2016: Other Local Revenue = CAFR $1,451,562 - insurance reimbursements $197,019 - professional development fees of $163,492.
4
CAFR revenue from services to charter schools has been netted against charter school expenditures $602,186 for FY2016.
4
Preliminary Budget
Designated Special Purpose Grants Fund
2017-18 Fiscal Year
Revenues
Expenditures
5
Preliminary Budget
Food Service Fund
2017-18 Fiscal Year
Revenues
Expenditures
Ending Balance
6
Preliminary Budget
Public School Activities Fund
2017-18 Fiscal Year
Revenues
Expenditures
Ending Balance
7
Preliminary Budget
Bond Redemption Fund
2017-18 Fiscal Year
Other Revenue
Current Bond
Principal and Interest $ 29,672,573 $ 36,891,292 $ 36,891,292 $ 25,407,430
Ending Balance
Note: Expenditures have not been updated to account for debt service payments for bonds that may
be sold in FY18.
8
Preliminary Budget
Capital Projects Building Fund
2017-18 Fiscal Year
Other
Expenditures
Ending Balance
9
Preliminary Budget
Employee Self-Insurance Fund
2017-18 Fiscal Year
Revenues
Expenses
Ending Balance
10
Preliminary Budget
Warehouse Fund
2017-18 Fiscal Year
Revenues
Expenses
Ending Balance
11
Preliminary Budget
Private-Purpose Trust Fund
2017-18 Fiscal Year
Revenues
Expenditures
Payments in Accordance
with Trust Agreements $ 70,119 $ 110,000 $ 75,000 $ 100,500
Ending Balance
12
Preliminary General Fund - New Budget Format to Old Budget Format Reconciliation
2017-18 Fiscal Year
Compensation
Licensed $ 125,669,087 $ 133,162,032 $ 132,914,624 $ 132,860,741
Instructional Classified 19,490,918 20,628,210 20,849,477 20,736,613
Classified 26,701,987 27,981,711 27,880,130 27,309,766
Administrative 17,888,474 18,501,580 18,498,801 19,144,585
Charter Schools
Allocation 18,043,475 18,651,478 18,651,478 19,669,969
State Reductions and/or Rescissions (1,961,908) (1,983,232) (1,983,232) (2,115,069)
Charter Schools
Allocation 18,043,475 18,651,478 18,651,478 19,669,969
State Reductions and/or Rescissions (1,961,908) (1,983,232) (1,983,232) (2,115,069)