200405 BUDGET

1
2004-05 BUDGET
ROCK ISLAND SCHOOL DISTRICT NO. 41

• August 10, 2004
• Presented by Mike Oberhaus

2
Education Fund-Revenue
3
Education Fund Revenue1993-94 thru 2004-05
In Thousands
4
Education Fund-Revenue
9,716
20,733
18,390
Total Revenue 48,839 (In thousands)
5
Local/Flow through Revenue Changes

• Property taxes 67,000
• EAV increased 5.39
• Loss in 2005 for increased exemptions
• Corporate Replace Taxes 300,000
• Local fundraising 50,000
• Athletic Admissions 50,000
• Textbook Rental Fees-raised 10 20,000
• 21st Century grant-acct as Fed Rev -170,318
• Interest Income-lower rates -30,000
• ART state aid flowthrough -20,000
• Other local changes -21,793
• Total local changes 244,889

6
State Revenue Changes

• School Aid-EAV/Foundation level 800,000
• Special Education-91 funding 242,000
• At Risk 3-5-increased funding 55,444
• Bilingual-more staff 25,500
• Spec Ed.-Orphans, fewer students -40,000
• State meal reimb.-lower rates -21,900
• Vocational Ed-fewer students -20,000
• Other state changes 3,574
• Total State changes 1,044,618

7
Federal Revenue Changes

• Reading First 525,000
• 21st Century/Lights On 480,000
• National School Nutrition 130,600
• Comp. School Reform 100,000
• IDEA-higher reimb. 86,965
• Reading Excellence Grant -595,280
• Medicaid Outreach -100,000
• Title I-no carryforward -81,931
• Other Federal changes -8,721
• Total Federal Revenue 536,633

8
Education Fund-Expenditures
9
Expenditures by Object1993-94 thru 2004-05
In Millions
10
Education Fund-Expenditures
2,149
7,839
2,458
3,719
34,068
Total Expenditures 50,233 (In thousands)
11
Education Expenditure Changes

• Salaries/Fringes 1,424,000
• Steps lanes
• 2.75 inc. for RIEA
• 5 inc. for RIESPA
• TRS, IMRF increases due to higher wages
• Reading First Grant 525,000
• 21st Century/Lights On 309,682
• Health ins.-8.25 inc. 270,000
• Inter-district spec. ed. 191,500
• Addl special educ. staff 127,000

12
Education Expenditure Changes

• Comprehensive School Reform 100,000
• At-Risk 3-5 program 55,444
• Addl Bilingual staff 53,429
• Reading Excel.-grant ended -595,280
• Retirement Saving -550,000
• Staff reductions-11.5 FTE -409,619
• Textbook acquisitions -127,000
• Computer acquisitions -100,000

13
Education Expenditure Changes

• Travel/supplies -86,000
• Title I-no carryforward -81,931
• Academic Interventions -52,000
• Work Comp Insurance -40,000
• Other misc. changes -52,022
• Total Expenditure Chgs. 962,203

14
O M Fund
15
O M Fund-Revenue
1,500
3,397
Total Revenue 4,897 (In thousands)
16
O M Revenue Changes

• Property taxes 18,000
• EAV increased 5.39
• Exemption increase
• Total Revenue changes 18,000

17
O M Fund-Expenditures
356
1,740
1,536
183
206
896
Total Expenditures 4,917 (In thousands)
18
O M Expenditure Changes

• Natural Gas, increase in market 201,000
• Salaries/IMRF 88,200
• Electricity/Water/Telephones/Gas 45,400
• Health Insurance-8.25 inc. 36,044
• Supplies 17,000
• Capital project budget reductions -323,425
• Repairs-based on 4 year avg. -1,360
• TOTAL EXPENDITURE CHANGES 62,859

19
Bond Interest Fund
20
B I Fund-Revenue
Total Revenue 2,458 (In thousands)
21
B I Revenue Changes

• Revenue Changes from Prior Year
• Property taxes-meet bond sched 49,000
• Total Revenue changes 49,000
• Repayment of 1998 and 2001 G. O. Bonds

22
B I Fund-Expenditures
1,190
1,254
Total Expenditures 2,444 (In thousands)
23
B I Expenditure Changes

• Payment of Principal 120,000
• Payment of interest -52,709
• Total Expenditure Changes 67,291
• Repayment of 1998 and 2001 G. O. Bonds
• 1998 outstanding bonds after 12/1/04 payment
  23,200,000
• Paid off 4,200,000.
• 2001 outstanding bonds after 12/1/04 payment
  410,000
• Paid off 1,390,000.

24
Transportation Fund
25
Transportation Revenue
Local
445
State
600
Total Revenue 1,045 In Thousands
26
Transportation Fund-Expenditures
95
94
55
60
41
780
Total Expenditures 1,125 (In thousands)
27
Transportation Fund-Expenditures

• REVENUE
• Property Taxes-Lower levy -10,000
• State reimbursement- higher 100,000
• Total Revenue Changes 90,000
• EXPENDITURES
• Special Education 80,000
• School to School shuttles 10,000
• MTIP-new exp. line 6,000
• Athletics 5,000
• Spec. Ed. Field trips-new exp. 5,000
• Other changes -1,300
• Total Expenditure Changes 104,700

28
IMRF Fund
29
IMRF Revenue
10
75
1,001
Total Revenue 1,086 In Thousands
30
IMRF Expenditures
357
479
407
Total Expenditures 1,243 In Thousands
31
IMRF Fund

• REVENUE
• Property taxes-5.39 EAV Inc. 149,200
• Interest income-lower rates -10,000
• Total Revenue Changes 139,200
• EXPENDITURES
• IMRF rate increased 1.35 79,000
• Fringes from salary increases 6,615
• Total Expenditure changes 85,615

32
Life/Safety Fund
33
Life/Safety Fund

• Revenue Changes
• Property taxes 14,000
• EAV increase 5.39
• Loss in 2005 exemption increase
• Expenditure Changes
• Budget for current projects
• Edison tuck pointing 200,000
• High School tuck pointing 200,000

34
Budget Timeline

• Presentation to Board of Education August 10,
  2004.
• Place on file for a minimum of 30 days.
• Advertise notice of public hearing
• Rock Island Argus August 11-August 14, 2004.
• Conduct public hearing-September 14, 2004.
• Adopt budget-September 14, 2004.

35
Budget 2004-05
Questions?