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AUSTIN INDEPENDENT SCHOOL DISTRICT

FY2011-12 RECOMMENDED BUDGET


Presentation to the AISD Board of Trustees
Meria Carstarphen, Superintendent
Nicole Conley-Abram, CFO

August 8, 2011

FY2011-12 Recommended Budget


Hi hli ht
Highlights
Revenue

Assumes State revenue loss of $35.6 million from current law as approved under SB1.

Increases Federal revenue $13.8 million from one-time Education Jobs funding.

A Fund Balance appropriation of $517,236 will need to be authorized to support the proposed expenditure
budget.
Expenditures

Includes $39.7 million in reductions associated with the implementation of the Districts Gap Closing Plan.

Baseline costs of $30.0 million are included to support continuing operations, which included increased costs of
$7.3 million for Recapture requirements.

P id $4
Provides
$4.1
1 million
illi to continue
i
SStrategic/Mission
i /Mi i Critical
C i i l initiatives.
i ii i

Restores $2.5 million to comply with States 22:1 ratio (Included in $30.0 Baseline Increases).
Taxable Values

July 25th Certified Taxable Values for 2011 is $56,875,444,136; an increase of 1.06% from 2010.
Tax Rate

No increase in the tax rate for M & O (rate will remain unchanged at 1.079).

Proposes 1.5 cent increase to cover debt for bond program (rate will increase to .0163).

FY2011-12 Recommended Budget


Highlights

Whats in the Budget

Whats not in the Budget

Gap closing actions that total $39.7


million, inclusive of the the Reduction
in Force
Full day Pre-k
Funding to comply with State 22:1
A additional
An
dditi l planning
l i period
i d ffor
secondary teachers
Full restoration of Local commitment
to Strategic Compensation
Start-up funds for new Linder Early
Childhood
Early college program at Reagan
Magnet Transportation

Salary or step increases for


employees
Funds for new Multiple
Pathways school
Technology allotment funds;
possible inclusion in separate
Instructional Materials
Allotment (IMA)
Hardship leave
Traditional social security for
part-time employees

FY2011-12 Recommended Budget


B Fund
By
F d

General
Fund
Revenues
Local Sources
State Sources
Federal Sources
Other Resources
Total Revenues
Expenditures
Operating Expenditures
Other Uses
T t l Expenditures
Total
E
dit
Excess (deficiency) of revenues over
expenditures
Fund Balances- September
p
1 ((Beginning)
g
g)
Fund Balances - August 31 (Prior to Adjustment)
*

Food
Service

Debt
Service

$638,598,075
$170,302,248
$29,085,672
51 000
51,000
$838,036,995

$8,226,536
$1,146,327
$29,831,027
$39,203,890

$95,629,706
$95,629,706

838,473,231
81,000
838 554 231
838,554,231

39,849,762
39 849 762
39,849,762

96,211,215
96 211 215
96,211,215

974,534,208
81,000
974 615 208
974,615,208

($645,872)

($581,509)

($1,744,617)

$9,034,427
$
,
,
$8,388,555 *

$ ,
$15,165,181
,
$14,583,672 *

($517,236)
*
*

$185,023,127
$
,
,
$184,505,891 *

Estimated Balance

Memo Total
Only
$
$
$
$

742,454,317
171,448,575
58,916,699
51 000
51,000
$972,870,591

$209,222,735
$
,
,
$207,478,118

FY2011-12 Recommended Budget By


FFund
d (I(Including
l di Ch
t 41)
Chapter
Debt Service
Fund
9.9%

Chapter 41
13.9%

Food
Service
Fund
4.1%

General Fund
72.2%

FY2011-12 Recommended Budget


O
Overview
i off General
G
l Fund
F d EExpenditures
di
FY2011
Adopted
Budget

FUND
General

FY2011
Amended
Budget

FY2012
Recommended
Budget

% CHANGE
$ CHANGE
f
from
$ CHANGE
% CHANGE
from Adopted Adopted from Amended from Amended
Budget
Budget
Budget
Budget

$844 230 727


$844,230,727

$870 035 828


$870,035,828

838 473 231


838,473,231

($5 757 496)


($5,757,496)

-0 68%
-0.68%

($31 562 597)


($31,562,597)

-3 63%
-3.63%

Food Service

$38,708,409

$38,708,409

$39,849,762

$1,141,353

2.95%

$1,141,353

2.95%

Debt Service

$91 058 764


$91,058,764

$91 058 764


$91,058,764

$96 211 215


$96,211,215

$5 152 451
$5,152,451

5 66%
5.66%

$5 152 451
$5,152,451

5 66%
5.66%

$973,997,900

$999,803,001

$974,534,208

$536,308

0.06%

($25,268,793)

-2.53%

Total

FY 2011-12 Recommended Budget


G
General
l Fund
F d RRevenue BBudget
d

Revenue Source
Local
State
Federal
Total
Less:
Recapture
Operating
Revenue

FY 2011
Adopted
Budget
628,727,327
172,890,382
36,357,018
837,974,727

FY 2011
Amended
Budget
642,432,446
167,041,989
38,334,430
847,808,865

FY 2012
Recommended
Budget
638,598,075
170,302,248
29,085,672
837,985,995

127,815,376

125,928,725

135,176,524

7,361,148

710,159,351

721,880,140

702,809,471

(7,349,880)

$ Change % Change
from
from
Adopted
Adopted
9,870,748
1.57%
(2,588,134)
-1.50%
(7,271,346) -20.00%
11,268
0.00%

$ Change
from
Amended
(3,834,371)
3,260,259
(9,248,758)
(9,822,870)

% Change
from
Amended
-0.60%
1.95%
-24.13%
-1.16%

5.76%

9,247,799

7.34%

-1.03%

(19,070,669)

-2.64%

FY2011-12 Recommended Budget


General Fund
F nd Expenditure
E pendit re Budget
B dget
8

Total Revenues

FY2011
Adopted
Budget
837,974,727

FY2011
Amended
Budget
847,808,865

FY2012
Recommended
Budget
837,985,995

Less: Recapture

(127,815,376)

(125,928,725)

(135,176,524)

(7,361,148)

5.76%

(9,247,799)

7.34%

Net Revenue

710,159,351

721,880,140

702,809,471

(7,349,880)

-1.03%

(19,070,669)

-2.64%

Total
Expenditures

716,415,351

744,107,103

703,296,707

(13,118,644)

-1.83%

(40,810,396)

-5.48%

(44,000)

1,231,000

(30,000)

14,000

-31.82%

(1,261,000)

-102.44%

716,459,351

742,876,103

703,326,707

(13,132,644)

-1.83%

(39,549,396)

-5.32%

(6,300,000)

(20,995,963)

(517,236)

5,782,764

-91.79%

20,478,727

-97.54%

Net Other
(Sources) Uses
Total
E
Expenditures
dit
and Other
(Sources) Uses
Difference

$ Change from
% Change
Adopted
from Adopted
11,268
0.00%

$ Change
from
% Change
Amended from Amended
(9,822,870)
-1.16%

FY2011-12 Recommended Budget vs.


S
Same
SServices
i BBudget
d
Item
It
FY2011 Adopted Budget
Projected Baseline Increases (Same Services ~
Al iincludes
Also
l d ffunds
d ffor iitems previously
i l ffunded
d d
by grants)

Amountt
A
$844,230,727

Recapture Increase
Addl State/Federal
S
/F d l Grant
G
Reductions
R d
Subtotal Same Services Budget
Gap Reduction Plan Reductions
Strategic Investment Increases (Also includes
funds for items previously funded by grants)
Gap plan adjustments due to final legislative
results
lt (22:1)
(22 1)

$7,361,148
$5 447 627
$5,447,627
$871,582,194
($39,730,202)

Total FY2011-12 Budget

$838,473,231

$14,542,692

$4,121,239
$2 500 000
$2,500,000

10

FY2011-12 Recommended Budget


T
Taxable
bl V
Values
l
Austin ISD
Taxable Values, Collections, and Rates
Forecasts

2009/10

2010/11

2011/12

2012/2013

2013/2014

Taxable Values
Net Taxable Value (before freeze)
Less: Freeze Taxable Value
Net Taxable Value (after freeze)

$
$
$

63,907,000,426 $
(5,157,590,887) $
58,749,409,539 $

Increase (Decrease) Over Prior Year


% Increase (Decrease) Over Prior Year

2,482,825,582 $
4.4126%

Net Taxable Levy


Freeze Ceiling Taxes
Total Levy

$
$
$

% Actual Collections to Levy

706,167,903
30,106,823
736 274 726
736,274,726

$
$
$

61,570,945,154 $ 61,870,932,381 $ 62,950,340,149 $ 64,838,850,353


(5,290,263,882) $ (4,995,488,245) $ (5,082,659,515) $ (5,235,139,300)
56,280,681,272 $ 56,875,444,136 $ 57,867,680,634 $ 59,603,711,053
(2,468,728,267) $
-4.2021%
690,563,959
28,405,788
718 969 747
718,969,747

$
$
$

594,762,864 $
1.0568%

992,236,498 $
1.7446%

706,393,016
32,000,000
738 393 016
738,393,016

718,716,593
32,000,000
750 716 593
750,716,593

$
$
$

$
$
$

1,736,030,419
3.0000%
740,278,091
32,000,000
772 278 091
772,278,091

97.80%

97.80%

97.80%

97.80%

97.80%

1.0790
0.1230
1.2020

1.0790
0.1480
1.2270

1.0790
0.1630
1.2420

1.0790
0.1630
1.2420

1.0790
0.1630
1.2420

Tax Rates
Local Maintenance
Debt Service
Total

Budget - Current
Local Maintenance
Debt Service
Total

$
$
$

646,391,630
73,685,051
720,076,682

$
$
$

618,338,593
84,813,820
703,152,413

10

$
$
$

627,373,664
94,774,706
722,148,370

$
$
$

637,844,359
96,356,469
734,200,828

$
$
$

656,164,028
99,123,945
755,287,973

FY2012 Preliminary Budget


Proposed Tax Rates

11

Rates
One Cent Yields

FY2011
M&O

FY2012
Preliminary
M&O

FY2011
I&S

FY2012
Preliminary
I&S

$1.079

$1.079

$0.148

$0.163

$5.8 million

$5.7 million

$5.8 million

$5.7 million

Note: Recapture claims approximate 40%


40% of M&O taxes above $1.06.
Any increase in M&O requires voter approval.

11

Impact of I&S Tax Rate increase Using Certified


2010 and 2011 Appraised Values
12

P
Proposed1.5CentIncreasetoI&S
d15C
I
I&S

M&ORate
I&SRate

2010
Certified
1.079
0.148

2011
Certified
1.079
0.163

AverageHomeValue
265,573 262,886
AverageHomeTaxableValue 245,593 244,799
M&OLevy
I&SLevy
TotalLevy

Change
0.00%
10.14%
1.01%
0.32%

2,649.95 2,641.38 $(8.57)


363.48 399.02 $35.54
3,013.43 3,040.40 $ 26.98
12

Out-Year Challenges Ahead


13
Combined Statement of Revenues, Expenditures by Function, and Changes in Fund Balance

Total Revenues
Less: Recapture
Net Revenue
Total Expenditures
Net Other (Sources) Uses
Total Expenditures and Other
(Sources) Uses

2010 - 2011
Adopted
837,974,727
($127,815,376)
$710,159,351

2011-2012
Recommended
Budget
837,985,995
($135,176,524)
$702,809,471

716,415,351
$44,000

703,296,707
$30,000

$715,958,707
$30,000

$724,508,707
$30,000

$716,459,351

$703,326,707

$715,988,707

$724,538,707

($6,300,000)

($517,236)

($34,129,366)

($22,947,607)

2012-2013
Forecast
2013-2014 Forecast
$786,408,736
$805,191,029
($104,549,395)
($103,599,929)
$681,859,341
$701,591,100

Net Change in Fund Balances


Fund Balances - September 1
(Beginning)
Fund Balances - August 31
(E di **)
(Ending**)
Less Reserved Fund Balance
Ending Fund Balance - Unreserved

$172,135,096

$185,023,127

$184,505,891

$150,376,525

$165,835,096
$165
835 096
($25,768,806)
$140,066,290

$184,505,891
$184
505 891
($24,000,000)
$160,505,891

$150,376,525
$150
376 525
($24,000,000)
$126,376,525

$127,428,918
$127
428 918
($24,000,000)
$103,428,918

Amount Required for 14% Fund Balance


Policy
Diff
Difference

$100,304,309
$39 761 981
$39,761,981

$98,465,739
$62 040 152
$62,040,152

$100,238,419
$26 138 106
$26,138,106

$101,435,419
$1 993 499
$1,993,499

13

14

Hi t i Exemptions
Historic
E
ti

14

Historic Exemptions
p
15

At the May work session, the City presented its recommended proposals to
the Board, which included a proposal to cap the tax incentive for residential
at $2,500 (avg. $2,581). No cap was proposed for commercial.

The City will formally take action on August 4th

It is recommended that the Board take action to restore the program.

In doing so, the Board has a few options such as:

Option#1:
O
ti #1 RRestore
t
exemption
ti tto previous
i
authorization-Modifications
th i ti M difi ti
would
ld still
till b
be
needed to previous authorization so that actual calculations could reflect language.

Option#3: Adopt City modifications and impose no cap beyond language in prior
authorization.

Option#2: Adopt City modifications and impose a possible cap of $3,500 to $4,000
similar to City for residential properties (avg. $3,277), with no cap for commercial
properties.

15

16

Highlights of Proposed City Historic


E
Exemption
ti Code
C d Ch
Changes

More stringent review of applications and inspections of


historic properties.
Review possibility of loan assistance program for
rehabilitation of historic structures.
Cap property tax exemption for owner-occupied historic
property at $2,500 for those designated after January
1,, 2010.
Establish index to automatically adjust residential cap based
on future increases or decreases in valuations.
Modify formula for residential to be based on combined
assessed value of land and improvements.
Develop formula that gradually reduces exemption over five
years for historic properties designated before Jan 1,
1 2010
whose exemptions exceeds cap.
16