Flour Bluff ISD - 2007-2008 Budget

To: Board of Trustees
From: Dr. Julie Carbajal
Subject: 2008-2009 Budget
Date: August 21, 2008

Districts continue to be limited in generating new revenue as a result of the property tax relief law that was passed in 2006. Under the current finance system, every school district is funded based on the amount of local and state funding a district received per student for either the 2005-06 or 2006-07 school year, whichever amount is greater. School districts can access new revenue only with increased Weighted Average Daily Attendance (WADA) and/or voting in higher adopted rates via election.

The 2008 – 2009 budgeted revenues total $45,299,160 and expenditures total $45,547,940. As discussed during the budget process, the district will use designated funds, (from fund balance), for the purchase of buses totaling approximately $350,000. This will leave approximately $101,220 in the 2008-2009 budget. In the General Fund budget, our local effort, (primarily our taxpayers), is 60.4%, compared to state effort of 39% and federal effort of .6%. The following factors were considered in the development of the budget:

Revenues:

• Average daily attendance continues to increase. An ADA of 5,100 was used as the projected ADA.

• Local property values increased to $2,217,630,867 for 2008 from $2,074,251,198 for 2007.

• Tax revenue is $21,685,682. Last year’s budgeted tax revenue was $20,977,971.

• State revenue is $14,386,262, which is an increase over last year - mainly attributed to the ADA growth.

• Projected investment earnings decreased to $350,000 as a result of the reduction in interest rates.

• Special programs revenue did not reflect any significant increase - only an additional $44,425 over last year’s revenue.

Expenditures:

• As a result of increased enrollment seven full-time positions have been added. These include teacher(s) and other district priority positions. There is a LVN to RN reclassification, and one position was eliminated. Several positions remain open and will only be filled as necessary.

• In addition to the new positions, districtwide expenditure increases in the amount of $459,253 were incorporated into the budget. These increases cover mandated fingerprinting and criminal history fees, equity increases, tax appraisal and collection fees, property and fleet insurance increases, technology maintenance contracts, contracted services, new security systems, and fuel and utilities increases.

• We recommend every teacher receive a $1,440 increase. The total amount is $529,920. Teacher starting pay is $38,940.

• We recommend the administrative and professional employees, counselors, diagnosticians and speech therapists receive 3% on the midpoint unless they are over the maximum for the salary range for a total of $106,014.

• We recommend the clerical and paraprofessional employees receive 3% on the midpoint for a total of $97,049.

• We recommend the manual trade employees receive 3% on the midpoint for a total of $86,909. One manual trades employee will receive a reduced increase. The salary schedule was updated to include the minimum wage increase which only affected the part-time bus aides.

• The District’s self-insured dental plan was successful the past two years and will continue this year.

We recommend a total tax rate of $1.0695. This is the same tax rate as last year. However, as a direct result of an increase in property values, a tax increase of $32.84 is expected on an average taxable home valued at $143,870.

We appreciate your leadership, comments, support, patience and confidence during this budget process. Thank you for what you have accomplished for the students and employees of this district.

	2008-2009 Budget

	To: Board of Trustees From: Dr. Julie Carbajal Subject: 2008-2009 Budget Date: August 21, 2008 Districts continue to be limited in generating new revenue as a result of the property tax relief law that was passed in 2006. Under the current finance system, every school district is funded based on the amount of local and state funding a district received per student for either the 2005-06 or 2006-07 school year, whichever amount is greater. School districts can access new revenue only with increased Weighted Average Daily Attendance (WADA) and/or voting in higher adopted rates via election. The 2008 – 2009 budgeted revenues total $45,299,160 and expenditures total $45,547,940. As discussed during the budget process, the district will use designated funds, (from fund balance), for the purchase of buses totaling approximately $350,000. This will leave approximately $101,220 in the 2008-2009 budget. In the General Fund budget, our local effort, (primarily our taxpayers), is 60.4%, compared to state effort of 39% and federal effort of .6%. The following factors were considered in the development of the budget: Revenues: • Average daily attendance continues to increase. An ADA of 5,100 was used as the projected ADA. • Local property values increased to $2,217,630,867 for 2008 from $2,074,251,198 for 2007. • Tax revenue is $21,685,682. Last year’s budgeted tax revenue was $20,977,971. • State revenue is $14,386,262, which is an increase over last year - mainly attributed to the ADA growth. • Projected investment earnings decreased to $350,000 as a result of the reduction in interest rates. • Special programs revenue did not reflect any significant increase - only an additional $44,425 over last year’s revenue. Expenditures: • As a result of increased enrollment seven full-time positions have been added. These include teacher(s) and other district priority positions. There is a LVN to RN reclassification, and one position was eliminated. Several positions remain open and will only be filled as necessary. • In addition to the new positions, districtwide expenditure increases in the amount of $459,253 were incorporated into the budget. These increases cover mandated fingerprinting and criminal history fees, equity increases, tax appraisal and collection fees, property and fleet insurance increases, technology maintenance contracts, contracted services, new security systems, and fuel and utilities increases. • We recommend every teacher receive a $1,440 increase. The total amount is $529,920. Teacher starting pay is $38,940. • We recommend the administrative and professional employees, counselors, diagnosticians and speech therapists receive 3% on the midpoint unless they are over the maximum for the salary range for a total of $106,014. • We recommend the clerical and paraprofessional employees receive 3% on the midpoint for a total of $97,049. • We recommend the manual trade employees receive 3% on the midpoint for a total of $86,909. One manual trades employee will receive a reduced increase. The salary schedule was updated to include the minimum wage increase which only affected the part-time bus aides. • The District’s self-insured dental plan was successful the past two years and will continue this year. We recommend a total tax rate of $1.0695. This is the same tax rate as last year. However, as a direct result of an increase in property values, a tax increase of $32.84 is expected on an average taxable home valued at $143,870. We appreciate your leadership, comments, support, patience and confidence during this budget process. Thank you for what you have accomplished for the students and employees of this district.
	Finance Office
	Flour Bluff I.S.D. 2505 Waldron Road Corpus Christi, Texas 78418 Phone: 361-694-9000 Maintained by: lkaylor@flourbluffschools.net



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