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FY 2012 Proposed Budget for Adoption June 21, 2011. FY 2012 Proposed Budgets Expenditure Summary. FY 2012 The General Fund Fund 10. Impact of Final State Budget. 2011 = $6,542 2012 = $6,212 Losing $330 Per Student ($17.3 Million total for DCSD). Balancing the FY 2012 Budget. - PowerPoint PPT Presentation
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DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
FY 2012 Proposed Budget for Adoption
June 21, 2011
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
FY 2012 Proposed BudgetsExpenditure Summary
2
EXPENDITURES BY FUND FY 2012
Fund Budget Transfers OutBudgeted
Expenditures
General Fund $ 456,151,393 $ 77,113,118 $ 379,038,275
Capital Reserve Fund $ 675,000 $ 0.0 $ 675,000
Capital Projects Fund $ 3,428,000 $ 0.0 $ 3,428,000
Transportation Fund $ 17,754,287 $ 0.0 $ 17,754,287
Insurance Reserve Fund $ 3,458,971 $ 0.0 $ 3,458,971
Athletics and Activities Fund $ 11,163,821 $ 0.0 $ 11,163,821
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
FY 2012The General Fund
Fund 10
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Impact of Final State Budget
2011 = $6,5422012 = $6,212
Losing $330 Per Student ($17.3 Million total for DCSD)
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Balancing the
FY 2012 BudgetReduction Description Reduction Amount
Central Office $2.0 M
Transportation $1.0 M
SBB Decrease – Secondary ($100/Pupil) $2.5 M
TOSA Contract Day s $0.3 M
Reallocation of Performance Pay $4.2 M
Use of Reserves $11.7 M
TOTAL $21.7 M
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
FY 2012 General FundExpenditure Changes from Estimated
Estimated Proposed
Budget as of June 7, 2011 Changes
Adopted Budget as of
June 21, 2011
Beginning Fund Balance $ 44.1 $ 0.0 $ 44.1
Total Revenue $ 427.5 $ 0.2 $ 427.7
Total Expenditures $ 440.3 $ (3.6) $ 436.7
Budgeted Carryforward $ 19.4 $ 0.0 $ 19.4
Ending Fund Balance $ 11.9 $ 3.8 $ 15.7
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
FY 2012 General FundImpact of Override Revenues
Estimated Budget
w/o Override(June 7, 2011)
Proposed Budget w/o
Override
Proposed Budget w/ Override
Beginning Fund Balance $ 44.1
$ 44.1 $ 44.1
Total Revenue $ 427.5 $ 427.7 $ 447.7
Total Expenditures $ 440.3 $ 436.7 $ 436.7
Budgeted Carryforward $ 19.4 $ 19.4 $ 19.4
Ending Fund Balance $ 11.9 $ 15.7 $ 35.7
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
FY 2013 General Fund
Projection w/o Override
Projection w/ Override
Beginning Fund Balance $ 15.7 $ 15.7
Total Revenue $ 435.8 $ 460.8
Total Expenditures $ 441.6 $ 441.6
Budgeted Carryforward $ 5.0 $ 5.0
Budget Reductions $ (11.7) $ 0.0
Ending Fund Balance $ 16.6 $ 29.9
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
FY 2014 General Fund
Projection w/o Override
Projection w/ Override
Beginning Fund Balance $ 16.6 $ 29.9
Total Revenue $ 465.0 $ 490.1
Total Expenditures $ 444.3 $ 444.3
Budgeted Carryforward $ 4.0 $ 4.0
Ending Fund Balance $ 33.3 $ 71.7
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
FY 2012 Adopted Budget
With Two Year ProjectionsFY 2012
Proposed Budget
FY 2013 Projected
Budget
FY 2014 Projected
Budget
Beginning Fund Balance $ 44.1 $ 15.7 $ 16.5
Total Revenue $ 427.7 $ 435.8 $ 465.1
Budgeted/Actual Expenditures $ 436.7 $ 430.0 $ 444.3
Carry Forward Budgeted as Spent $ 19.4 $ 5.0 $ 4.0
Ending Fund Balance $ 15.7 $ 16.5 $ 33.3
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Other Major Fund Proposed Budgets
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DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Medical FundFund 64
12
FY 2010 Audited Actuals
FY 2011AdoptedBudget
FY 2011 End of Year Projection
FY 2012Proposed
Budget
Beginning Fund Balance $ 0.0 $ 2.3 $ 2.3 $ 4.7
Total Revenue $ 42.1 $ 47.8 $ 40.9 $ 40.5 Budgeted/Actual Expenditures $ 39.8
$ 47.9 $ 38.4 $ 39.8 Ending Fund Balance
$ 2.3 $ 2.2 $ 4.7 $ 5.4
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Nutrition ServicesEnterprise Fund 51
13
FY 2010 Audited Actuals
FY 2011AdoptedBudget
FY 2011End of Year Projection
FY 2012Proposed
Budget
Beginning Fund Balance $ 0.9 $ 0.1 $ 0.2 $ 0.6
Total Revenue $ 14.6 $ 15.4 $ 13.8 $ 14.3 Budgeted/Actual Expenditures $ 15.3
$ 14.6 $ 13.4 $ 13.7
Ending Fund Balance $ 0.2 $ 0.9 $ 0.6 $ 1.2
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
B.A.S.E. (Before & After School)
Enterprise Fund 52
14
FY 2010 Audited Actuals
FY 2011AdoptedBudget
FY 2011End of Year Projection
FY 2012Proposed
Budget
Beginning Fund Balance $ 2.5 $ 2.7 $ 2.8 $ 2.9
Total Revenue $ 9.2 $ 8.8 $ 8.1 $ 8.8 Budgeted/Actual Expenditures $ 8.9
$ 8.8 $ 8.0 $ 8.8
Ending Fund Balance $ 2.8 $ 2.7 $ 2.9 $ 2.9
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Transportation FundFund 25
15
FY 2011 Adopted Budget
FY 2011 End of Year Projection
FY 2012Proposed
Budget
Beginning Fund Balance $ 0.0 $ 0.0 $ 0 .4
Total Revenue $ 18.9 $ 17.8 $ 17.5 Budgeted/Actual Expenditures $ 18.9
$ 17.4 $ 17.7 Ending Fund Balance
$ 0.0 $ 0 .4 $ 0 .2
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Building FundFund 41
16
FY 2010 Audited Actuals
FY 2011AdoptedBudget
FY 2011End of Year Projection
FY 2012Proposed
BudgetBeginning Fund Balance $ 81.8 $ 30.1 $ 30.4 $ 16.2
Total Revenue $ 0.4 $ 0.2 $ 0.1 $ 0.3 Budgeted/Actual Expenditures
$ 51.8 $ 16.2 $ 14.3 $ 16.3
Ending Fund Balance $ 30.4 $ 14.1 $ 16.2 $ 0.2
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Capital Project FundFund 43
17
FY 2011AdoptedBudget
FY 2011End of Year Projection
FY 2012Proposed
Budget
Beginning Fund Balance $ 0.0 $ 0.0 $ 0.0
Total Revenue $ 2.8 $ 2.9 $ 3.4 Budgeted/Actual Expenditures $ 2.8
$ 2.9 $ 3.4 Ending Fund Balance
$ 0.0 $ 0.0 $ 0.0
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
DCSD Minor Funds
18
Fund NameFund
Number
Executive Summary Reference
Page Number
Athletics & Activities Fund 26 Page 28
Capital Reserve Fund 21 Page 24
Debt Services/Bond Redemption Fund 31 Page 37
Governmental Designated Purpose Grants Fund 22 Page 30
Insurance Reserve Fund 63 Page 27
Private Purpose Trusts Fund 75 Page 34
Pupil Activity Fund 74 Page 35
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
FY 2012 Charter School Adopted Budget Summary
19
BeginningFund Balance Revenues Expenditures Ending
Fund BalanceAcademy Charter $1,735,729 $4,242,258 $4,246,762 $1,731,225
American Academy $987,439 $6,744,449 $6,743,496 $988,392
Challenge 2 Excellence $2,344,908 $3,454,629 $3,458,470 $2,341,067
DCS Montessori $1,683,314 $3,628,646 $3,799,071 $1,512,888
Hope Online $261,830 $19,513,789 $19,061,024 $714,595
North Star Academy $1,495,510 $4,238,857 $4,238,772 $1,495,595
Parker Core Knowledge $1,221,242 $4,286,733 $4,578,043 $929,932
Platte River Academy $1,950,886 $3,444,308 $3,692,139 $1,703,055
SkyView Academy $157,050 $5,294,581 $5,083,016 $368,614
STEM Charter $125,953 $3,188,955 $3,233,854 $81,054
Ben Franklin Academy $0 $4,345,743 $4,201,523 $144,220
Total $11,963,860 $62,382,948 $62,336,171 $12,010,638
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Revised FY 2012 Budget
• Revise enrollment numbers per October 1 Pupil Count – inclusive of At-Risk
• Impact of FY 2011 Audited Financial Statements
• Potential impact from State Revenue Forecasts• Adoption of Revised Budget Prior to January
31, 2012
DOUGLAS COUNTY SCHOOL DISTRICT Learn Today. Lead Tomorrow.
Board of Education Actions
• Adopt FY 2012 Financial Plan and Budget
• Adopt FY 2011 Supplemental Resolutions
• Adopt FY 2012 Budget Resolutions
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