Hutto ISD Budget and Tax Rate Public Meeting...Hutto ISD Budget and Tax Rate Public Meeting Budget Considerations 85th Legislative Session provided little financial relief to Texas

Hutto ISD Budget and Tax Rate Public MeetingAugust 30, 2018

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Hutto ISD Budget and Tax Rate Public MeetingBudget Considerations

85th Legislative Session provided little financial relief to Texas Public Schools Hutto ISD saw no additional financial aid

86th Legislative Session is scheduled to convene on January 8, 2019 Establish a property tax revenue growth cap of 2.5% per year

Prohibit legislature from imposing unfunded mandates

Require appraisal district directors to be locally-elected officials & prohibit employees of taxing entities from serving with appraisal district

Prohibit debt from being used for non-specific purposes and restrict the use of certificates of obligation

Require a two-thirds supermajority vote to approve issuance of new local debt

Hurricane Harvey disaster needs will be addressed so the outlook for additional school funding is bleak


Hutto ISD Budget and Tax Rate Public MeetingBudget Considerations

Projected increase in enrollment of 389Increase in Freeze Adjusted Taxable Levy of $449,545,548

Increase in estimated M&O Taxes of $5,539,935

Increase in estimated I&S Taxes of $2,130,745

Reduction in State Aid $1,045,917Increase in Debt Obligation $1,079,661Increase in StaffStaff RaisesIncreased Benefit Costs (based on payroll amounts)Increased Workers Comp (based on payroll amounts)Increased Property and Liability (result of Hurricane Harvey claims)Additional Bus FleetAdditional Classroom Technology


Hutto ISD Budget and Tax Rate Public Meeting

General Fund Revenues


Local Revenue - Taxes

Current tax estimations are based on a proposed tax rate of $1.17 per $100 of evaluation

Williamson County Chief Appraiser certified values on July

2017 Net Taxable Value Before Freeze $2,687,559,483

2018 Net Taxable Value Before Freeze $3,206,105,177

19.29% Increase

2017 Freeze Adjusted Taxable Levy $2,561,098,815

2018 Freeze Adjusted Taxable Levy $3,010,644,363

17.55% Increase


No. of Accounts MarketValue

Williamson Central Appraisal District

CERTIFIED 2018 VALUES

Market ValuesNo. of Accounts

Chief Appraiser: Board of Directors

Approved Appraisal Roll

I, Alvin Lankford, Chief Appraiser of the Williamson Central Appraisal District, hereby certify that the 2018 value for the following jurisdiction is:

Chairman: Charles Chadwell

Vice-Chairman: Harry Gibbs

Secretary: Donald L. Hisle

Board Member: Rufus Honeycutt

Board Member: Jon Jewett

SHU

Board Member: Larry Gaddes

Property Under ProtestHutto ISD

Alvin Lankford

Exemptions

Personal Property

No. of Accounts Exemption Amount No. of Accounts Exemption Amount

AgMkt

Mineral

Auto

O65 Local

DP Local

PRO(prorated)

HS Homestead Local

HS HomesteadState

O65 State

DP State

DV (disable vet)

DV (disable vet100%)

Printed on by Chief Appraiser7/17/2018

Taxpayer's Estimate of Value (under review):

AB

FP

HB366

PC

SOL

VEH

CHDO04

MUV

WSA

SPEcAuto

HT

Net taxable (Before Freeze)

HomeStead Cap Adjustment

$406,993,006823

8,083

8,083 $201,619,792

1,232

1,227 $12,218,140

203

$2,010,000202

5 $43,458

$4,143,500407

$45,797,789204

3 $3,450,281

10 $2,590

$394,45211

$317,94311

$13,0001

$316,1832

$5,260,6416

118

$2,950,000118

11

11 $110,000

$190,3023

2

$20,0002

$51,0006

$749,2992

$2,56314

$9,589,19511

717 $183,055,171 245 $35,851,502

$3,206,105,177 $68,707,722

2,479 $31,025,265 $667,91038

$41,224,633

$4,153,277,907 $88,762,40144215,286 Total

Real Property14,569 $3,970,222,736 197 $52,910,899

FRSS$453,4811

CDV

Hutto ISD

2017 - 2018 Tax Collection Worksheet

2017 Certified Values

M&O Tax Rate 1.17$ 72.22%

I&S Tax Rate 0.45$ 27.78%

Total Tax Rate 1.62$ 100.00%

Estimating Total M&O Tax Collections for 17/18 Final

Estimated Net Taxable Value Before Freeze (7/25/18) $2,687,559,483

Total value under review $61,035,439

O65 Freeze Taxable $160,569,434

O65 Transfer Taxable (Adjustment) $974,623

DP Freeze Taxable $25,822,472

DP Freeze Taxable (Adjustment) $129,578

Total Freeze and Transfer ($187,496,107)

Freeze Adjusted Taxable Levy $2,561,098,815

Total Tax Rate $1.1700

Collections at 100% $2,996,485,614

Divided by 100 $29,964,856.14

Historical Collection Percentage 98%

Collections at Historical Collection Percentage $29,365,559

O65 Freeze Ceiling $1,804,523.07

DP Freeze Ceiling $288,468.05

Total Freeze Ceiling $2,092,991.12


Total Freeze Ceiling Collections at Historical Collection Percentage $2,051,131

M&O Portion of Freeze Ceiling $1,481,373

I&S Portion of Freeze Ceiling $569,759

Total Estimated Tax Collections for 18-19 98% $30,846,932

Enter Data in highlighted cells

Hutto ISD



M&O Tax Rate 1.17$ 72.22%

I&S Tax Rate 0.45$ 27.78%


Estimating Total M&O Tax Collections for 18/19 Final


Total value under review 68,707,722$ 61,836,950


O65 Transfer Taxable (Adjustment) $1,096,261






Collections at 100% $3,546,570,315

Divided by 100 $35,465,703.15












State Revenue


State Revenue Estimations

Based on current Texas school finance law.

Calculated using the latest release (Release 4: July 9, 2018) of the State Aid Template formulated by Mr. Omar Garcia of BOK Financial Securities , Inc.

Based on an increase in Refined Average Daily Attendance of 370 HISD students. This represents a 5.1% increase.

TRS/TRS-Care-On-Behalf – contributions made by the State of Texas to the Teacher Retirement System of Texas on behalf of a reporting entity’s employee must be recognized as equal revenues and expenditures by each district in compliance with GASB Statement No. 24.

2017-18 Summary of Finances

HUTTO ISD

246-906

2017-18 ASATR Lost (ASATR Repealed Effective 9/1/2017) $0

Funding Elements From

Students Data Entry1. Refined Average Daily Attendance (ADA) 6,876.000

2. Regular Program ADA (Line 1 - Line 3 - Line 4) (Link to Detail Report) 6,221.092

3. Special Education FTEs (Link to Detail Report) 229.300

4. Career & Technology FTEs 425.608

5. Advanced Career & Technology FTEs 0.000

6. High School ADA 1,886.000

7. Weighted ADA (WADA) (Link to Detail Report) 8,654.304

8. Prior Year Refined ADA 6,588.163

9. Texas School for the Blind and Visually Impaired ADA 0.000

10. Texas School for the Deaf ADA 0.000

Staff11. Full-time Staff (not MSS) 397.000

12. Part-time Staff (not MSS) 5.000

Property Values13. 2017 (current tax year) Locally Certified Property Value Not Needed

14. 2016 (prior tax year) State Certified Property Value ("T2" value) 2,349,261,307

Tax Rates and Collections15. 2005 Adopted M&O Tax Rate 1.4900

16. 2017-18 Compressed M&O Tax Rate 0.9933

17. Average Tax Collection Rate Not Needed

18. 2017-18 M&O Tax Rate 1.1700

19. 2017-18 M&O Tax Collections (Link to Detail Report) $31,885,000

20. 2017-18 I&S Tax Collections $12,249,000

21. 2017-18 Total Tax Collections $44,134,000

22. 2017-18 Total Tax Levy $44,134,000

Funding Components23. Adjusted Allotment (Link to Detail Report) $5,359

24. Revenue at Compressed Rate (RACR) per WADA $5,808

25. Cost of Education Index (CEI) 1.060

26. Adjusted CEI 1.060

27. Per Capita Rate $206.566

Tier I Allotments

Program Intent Codes - Allotments28. 11-Regular Program Allotment $33,338,832

29. 23-Special Education Adjusted Allotment (Spend 52%) $5,082,899

30. 22-Career & Technology Allotment (Spend 58%) $3,079,125

31. 21-Gifted & Talented Adjusted Allotment (Spend 55%) $220,121

32. 24-Comp Ed Allotment (Spend 52%) (no Detail Report included) $3,336,966

33. 25-Bilingual Education Allotment (Spend 52%) $327,967

34. 11-Public Education Grant $0

35. 99-New Instructional Facilities Allotment (NIFA) $15,265

36. 99-Transportation Allotment (no Detail Report included) $586,357

37. 31-High School Allotment $518,650

38. Total Cost of Tier I (Link to Tier I Detail Report) $46,506,182

39. Less: Local Fund Assignment $23,492,613

40. State Share of Tier I $23,013,569

41. Per Capita Distribution from the Available School Fund (ASF) $1,360,890

Foundation School Program (FSP) State

Funding42. Greater of State Share of Tier I or (ASF+NIFA+HS) $23,013,569

43. Tier II State Aid) (Link to Tier II Detail Report) $4,883,319

44. Other Programs (Link to Detail Report) $199,750

45. Less: Total Available School Fund ($206.566 * Prior Year ADA) ($1,360,890)

46. Total FSP Operating Fund $26,735,747

State Aid by Funding Source

Fund Code/Object Code - Funding Source47. 199/5812 - Foundation School Fund $26,735,747

48. 199/5811 - Available School Fund $1,360,890

49. 599/5829 - Existing Debt Allotment (EDA) (Link to Detail Report) $166,282

50. 599/5829 - Instructional Facilities Allotment (IFA) (Bond) (Link to Detail Report) $42,298

51. 599/5829 - Instructional Facilities Allotment (Lease Purchase) (See Link Above) $0

52. I&S Hold Harmless (ASAHE for Facilities on TEA's Report) (see HH1718-Calcs tab) $98,254

53. TOTAL 2017-18 FSP/ASF STATE AID $28,403,472

2018-19 Summary of Finances

HUTTO ISD

246-906

2018-19 ASATR Lost (ASATR Repealed Effective 9/1/2017) $0

Funding Elements From

Students Date Entry1. Refined Average Daily Attendance (ADA) 7,119.335

2. Regular Program ADA (Line 1 - Line 3 - Line 4) 6,402.172

3. Special Education FTEs (Link to Detail Report) 274.573

4. Career & Technology FTEs 442.590

5. Advanced Career & Technology FTEs 0.000

6. High School ADA 1,945.640

7. Weighted ADA (WADA) (Link to Detail Report) 9,029.048

8. Prior Year Refined ADA 6,876.000

9. Texas School for the Blind and Visually Impaired ADA 0.000

10. Texas School for the Deaf ADA 0.000

Staff11. Full-time Staff (not MSS) 365.000

12. Part-time Staff (not MSS) 98.000

Property Values13. 2018 (current tax year) Locally Certified Property Value Not Needed

14. 2017 (prior tax year) State Certified Property Value ("T2" value) 2,728,126,134

Tax Rates and Collections15. 2005 Adopted M&O Tax Rate 1.4900

16. 2018-19 Compressed M&O Tax Rate 0.9933

17. Average Tax Collection Rate Not Needed

18. 2018-19 M&O Tax Rate 1.1700

19. 2018-19 M&O Tax Collections (Link to Detail Report) $36,386,867

20. 2018-19 I&S Tax Collections $13,994,949

21. 2018-19 Total Tax Collections $50,381,816

22. 2018-19 Total Tax Levy $50,381,816

Funding Components23. Adjusted Allotment (Link to Detail Report) $5,359

24. Revenue at Compressed Rate (RACR) per WADA $5,791

25. Cost of Education Index (CEI) 1.060

26. Adjusted CEI 1.060

27. Per Capita Rate $447.180

Tier I Allotments

Program Intent Codes - Allotments28. 11-Regular Program Allotment $34,309,240

29. 23-Special Education Adjusted Allotment (Spend 52%) $5,809,846

30. 22-Career & Technology Allotment (Spend 58%) $3,201,984

31. 21-Gifted & Talented Adjusted Allotment (Spend 55%) $220,220

32. 24-Comp Ed Allotment (Spend 52%) (no Detail Report included) $3,433,428

33. 25-Bilingual Education Allotment (Spend 52%) $376,648

34. 11-Public Education Grant $0

35. 99-New Instructional Facilities Allotment (NIFA) $0

36. 99-Transportation Allotment (no Detail Report included) $586,357

37. 31-High School Allotment $535,051

38. Total Cost of Tier I (Link to Tier I Detail Report) $48,472,774

39. Less: Local Fund Assignment $27,281,261

40. State Share of Tier I $21,191,513

41. Per Capita Distribution from the Available School Fund (ASF) $3,074,810

Foundation School Program (FSP) State

Funding42. Greater of State Share of Tier I or (ASF+NIFA+HS) $21,191,513

43. Tier II State Aid) (Link to Tier II Detail Report) $4,894,120

44. Other Programs (Link to Detail Report) $207,000

45. Less: Total Available School Fund ($447.18 * Prior Year ADA) ($3,074,810)

46. Total FSP Operating Fund $23,217,823

State Aid by Funding Source

Fund Code/Object Code - Funding Source47. 199/5812 - Foundation School Fund $23,217,823

48. 199/5811 - Available School Fund $3,074,810

49. 599/5829 - Existing Debt Allotment (EDA) (Link to Detail Report) $0

50. 599/5829 - Instructional Facilities Allotment (IFA) (Bond) (Link to Detail Report) $0

51. 599/5829 - Instructional Facilities Allotment (Lease Purchase) (See Link Above) $0

52. I&S Hold Harmless (ASAHE for Facilities on TEA's Report) (see HH1819-Calcs tab) $301,620

53. TOTAL 2018-19 FSP/ASF STATE AID $26,594,252

Federal Revenue


Federal Revenue Estimations

Prior year School Health and Related Services (SHARS) billing.

Medicaid reimbursements.

JROTC funding.

Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to

Original Amended Proposed 2018 - 2019

Estimated Revenue Sources Budget Budget Budget Proposed

5700.00 Local Sources

5711.00 Taxes, Current Year Levy 31,840,000$ 31,840,000$ 36,623,208$ 4,783,208$

5712.00 Taxes, Prior Years 45,000 45,000 35,000 (10,000)

5719.00 Penalties, Interest, Other Tax Rev. 70,000 70,000 70,000 -

5735.00 Tuition & Fees; Summer School 335,000 335,000 335,000 -

5742.00 Interest Earnings 35,000 35,000 50,000 15,000

5743.00 Rental 90,500 90,500 100,500 10,000

5744.00 Gifts & Bequests 10,000 10,000 10,000 -

5749.00 Miscellaneous 59,000 59,000 34,000 (25,000)

5749.01 Advertising 25,000 25,000 25,000 -

5749.07 Bus Charters 100,000 100,000 125,000 25,000

5749.25 County Available 35,000 35,000 35,000 -

5752.00 Athletic Gate 116,500 116,500 116,500 -

5755.00 Childcare Tuition 525,000 525,000 525,000 -

Total Local Sources 33,286,000 33,286,000 38,084,208 4,798,208

5800.00 State Sources

5811.00 Available School Fund 1,315,000 1,315,000 3,074,810 1,759,810

5812.00 Foundation School Fund 26,050,000 26,050,000 23,217,823 (2,832,177)

5831.00 TRS/TRS-Care on-Behalf 2,685,000 2,685,000 2,908,760 223,760

Total State Sources 30,050,000 30,050,000 29,201,393 (848,607)

5900.00 Federal Sources -

5931.00 SHARS - - 890,000 890,000

5932.00 Medicaid 1,120,000 1,120,000 631,147 (488,853)

5949.00 JROTC - - 70,000 70,000

Total Federal Sources 1,120,000 1,120,000 1,591,147 471,147

Total Budgeted Revenue Sources 64,456,000$ 64,456,000$ 68,876,748$ 4,420,748$

Hutto Independent School District

General Fund Proposed Revenue

2018 - 2019

General Fund Revenue Sources

Local

Property Taxes (Current & Delinquent) 36,728,208$ 53.32%

Other Local 1,356,000 1.97%

State 29,201,393 42.40%

Federal 1,591,147 2.31%

Total General Fund Revenue Sources 68,876,748$ 100.00%

Property Taxes (Current &

Delinquent)53.32%

Other Local1.97%

State42.40%

Federal2.31%

GENERAL FUND REVENUE SOURCE

Property Taxes (Current & Delinquent) Other Local State Federal


General Fund Expenditures




Total Proposed General Fund Operating Budget

$68,876,748 (8.1% increase compared to FY 2018)

9.5% increase in payroll expenseAdditional staff

2% pay raise (mid-point)

Opening of Kerley ES in final months of FY 2019

Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to

Original Amended Preliminary 2018 - 2019

Expenditures Budget Budget Budget Proposed

11 Instruction

6100 Payroll Costs 34,000,117$ 34,010,087$ 37,046,188$ 3,046,071$

6200 Professional & Contracted Services 881,200 883,789 954,400 73,200

6300 Supplies & Materials 1,635,842 1,686,549 1,660,392 24,550

6400 Other Operating Expenditures 333,680 310,801 333,160 (520)

6500 Debt Service - - - -

6600 Capital Outlay 200,000 170,000 100,000 (100,000)

11 Total Instruction 37,050,839 37,061,226 40,094,140 3,043,301

12 Instructional Resource & Media Services

6100 Payroll Costs 227,347 227,347 240,495 13,148

6200 Professional & Contracted Services - - - -

6300 Supplies & Materials 146,740 151,903 159,075 12,335

6400 Other Operating Expenditures 400 262 400 -


6600 Capital Outlay - - - -

12 Total Inst. Resource & Media Services 374,487 379,512 399,970 25,483

13 Curriculum & Instructional Staff Development

6100 Payroll Costs 1,325,138 1,313,238 1,495,347 170,209

6200 Professional & Contracted Services 469,500 416,655 223,750 (245,750)


6400 Other Operating Expenditures 211,936 214,727 247,380 35,444



13 Total Curr & Inst Staff Development 2,311,774 2,302,101 2,317,371 5,597

21 Instructional Leadership

6100 Payroll Costs 168,480 168,480 327,777 159,297


6300 Supplies & Materials 4,500 4,100 3,500 (1,000)

6400 Other Operating Expenditures 93,000 92,000 92,000 (1,000)



21 Total Instructional Leadership 265,980 264,580 423,277 157,297


Proposed General Fund Budget

2018 - 2019

Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to





2018 - 2019

23 School Leadership

6100 Payroll Costs 3,156,132 3,156,132 3,698,894 542,762






23 Total School Leadership 3,232,176 3,232,037 3,758,400 526,224

31 Guidance and Counseling

6100 Payroll Costs 1,459,058 1,459,058 1,485,192 26,134



6400 Other Operating Expenditures 13,700 12,648 14,000 300



31 Total Guidance and Counseling 1,575,158 1,575,314 1,579,437 4,279

32 Social Work Services

6100 Payroll Costs - - 65,646 65,646


6300 Supplies & Materials - - 10,050 10,050

6400 Other Operating Expenditures - - 3,000 3,000



32 Total Work Services - - 78,696 78,696

33 Health Services

6100 Payroll Costs 726,564 726,564 709,595 (16,969)

6200 Professional & Contracted Services 500 500 500 -





33 Total Health Services 757,564 757,564 740,595 (16,969)

Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to





2018 - 2019

34 Student (Pupil) Transportation

6100 Payroll Costs 2,288,260 2,288,260 2,508,471 220,211




6500 Debt Service -

6600 Capital Outlay 250,000 250,000 360,000 110,000

34 Total Student (Pupil) Transportation 3,062,760 3,062,760 3,415,971 353,211

35 Food Services

6100 Payroll Costs 13,000 13,000 13,000 -


6300 Supplies & Materials - - - -

6400 Other Operating Expenditures - - - -



35 Total Food Services 13,000 13,000 13,000 -

36 Cocurricular/Extracurricular Activities

6100 Payroll Costs 973,387 973,387 968,412 (4,975)






36 Total Co/Extracurricular Activities 1,680,837 1,676,681 1,696,162 15,325

41 General Administration

6100 Payroll Costs 1,380,786 1,368,786 1,726,655 345,869






41 Total General Administration 2,073,286 2,073,286 2,539,655 466,369

Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to





2018 - 2019

51 Plant Maintenance & Operations

6100 Payroll Costs 3,327,912 3,327,912 3,642,342 314,430

6200 Professional & Contracted Services 2,095,500 2,043,300 1,993,500 (102,000)




6600 Capital Outlay 166,500 380,716 178,000 11,500

51 Total Plant Maintenance & Operations 6,256,912 6,473,678 6,549,342 292,430

52 Security & Monitoring Services

6100 Payroll Costs 860,587 860,587 939,326 78,739





6600 Capital Outlay 10,000 10,000 33,500 23,500

52 Total Security & Monitoring Services 1,069,087 1,069,087 1,157,551 88,464

53 Data Processing Services

6100 Payroll Costs 916,772 913,772 929,267 12,495





6600 Capital Outlay 50,000 - 50,000 -

53 Total Data Processing Services 1,833,272 1,833,272 1,750,767 (82,505)

61 Community Services

6100 Payroll Costs 846,168 846,168 785,914 (60,254)






61 Total Community Services 949,868 949,668 887,414 (62,454)

Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to





2018 - 2019

71 Debt Service

6100 Payroll Costs - - - -




6500 Debt Service 850,000 850,000 850,000 -


71 Total Debt Service 850,000 850,000 850,000 -

81 Facility Acquisition & Construction

6100 Payroll Costs - - - -





6600 Capital Outlay - - 225,000 225,000

81 Total Facility Acquisition & Construction - - 225,000 225,000

95 Payments to Juvenile Justice Alt Ed Program


95 Total Pmts to Juvenile Justice Alt Ed Pgm 55,000 55,000 75,000 20,000

99 Other Governmental Charges

6200 Professional & Contracted Services 325,000 325,000 325,000 -

81 Total Facility Acquisition & Construction 325,000 325,000 325,000 -

Total Appropriated Expenditures 63,737,000 63,953,766 68,876,748 5,139,748

Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to



11 Instruction 37,050,839 37,061,226 40,094,140 3,043,301

12 Instructional Resource & Media Services 374,487 379,512 399,970 25,483

13 Curriculum & Instructional Staff Development 2,311,774 2,302,101 2,317,371 5,597

21 Instructional Leadership 265,980 264,580 423,277 157,297

23 School Leadership 3,232,176 3,232,037 3,758,400 526,224

31 Guidance and Counseling 1,575,158 1,575,314 1,579,437 4,279

32 Social Work Services - - 78,696 78,696

33 Health Services 757,564 757,564 740,595 (16,969)

34 Student (Pupil) Transportation 3,062,760 3,062,760 3,415,971 353,211

35 Food Services 13,000 13,000 13,000 -

36 Cocurricular/Extracurricular Activities 1,680,837 1,676,681 1,696,162 15,325

41 General Administration 2,073,286 2,073,286 2,539,655 466,369

51 Plant Maintenance & Operations 6,256,912 6,473,678 6,549,342 292,430

52 Security & Monitoring Services 1,069,087 1,069,087 1,157,551 88,464

53 Data Processing Services 1,833,272 1,833,272 1,750,767 (82,505)

61 Community Services 949,868 949,668 887,414 (62,454)

71 Debt Service 850,000 850,000 850,000 -

81 Facility Acquisition & Construction - - 225,000 225,000

95 Payments to Juvenile Justice Alt Ed Program 55,000 55,000 75,000 20,000

99 Other Governmental Charges 325,000 325,000 325,000 -



Proposed General Fund Maintenance and Operation Budget

2018 - 2019

General Fund Functional Category Expenditures

Instruction (11, 12, 13) 42,811,481$ 62.16%

Instructional and School Leadership (21, 23) 4,181,677 6.07%

Student Services (31, 32, 33, 34, 35, 36) 7,523,861 10.92%

General Administration (41) 2,539,655 3.69%

Support Svcs (51, 52, 53) 9,457,660 13.73%

Other (61, 71, 81, 95, 99) 2,362,414 3.43%

Total 68,876,748$ 100.00%

Instruction (11, 12, 13)62.16%

Instructional and School Leadership

(21, 23)6.07%

Student Services (31, 32, 33, 34, 35, 36)

10.92%

General Administration (41)

3.69%

Support Svcs (51, 52, 53)13.73%

Other (61, 71, 81, 95, 99)3.43%

GENERAL FUND FUNCTIONAL CATEGORY EXPENDITURES

Instruction (11, 12, 13) Instructional and School Leadership (21, 23)

Student Services (31, 32, 33, 34, 35, 36) General Administration (41)

Support Svcs (51, 52, 53) Other (61, 71, 81, 95, 99)

Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to


Expenditures Budget Budget Budget Preliminary

6100 Payroll Costs 51,669,708$ 51,652,778$ 56,582,521$ 4,912,813$

6200 Professional & Contracted Services 4,547,100 4,469,264 4,313,625 (233,475)

6300 Supplies & Materials 4,414,317 4,564,816 4,444,878 30,561

6400 Other Operating Expenditures 1,579,375 1,606,192 1,739,224 159,849

6500 Debt Service 850,000 850,000 850,000 -

6600 Capital Outlay 676,500 810,716 946,500 270,000



Proposed General Fund by Object

2018 - 20109

General Fund Object Expenditures

Payroll 56,582,521$ 82.15%

Prof & Contracted Svcs 4,313,625 6.26%

General Supplies 4,444,878 6.45%

Other Expenditures 1,739,224 2.53%

Debt Service 850,000 1.23%

Capital Outlay 946,500 1.37%

Total 68,876,748$ 100.00%

Payroll82.15%

Prof & Contracted Svcs

6.26%

General Supplies6.45%

Other Expenditures2.53%

Debt Service1.23%

Capital Outlay1.37%

GENERAL FUND OBJECT EXPENDITURE

Payroll Prof & Contracted Svcs General Supplies

Other Expenditures Debt Service Capital Outlay


Debt Service Fund Revenues

Current tax estimations are based on an Freeze Adjusted Taxable Levy of $3,031,256,680 and a 98% collection rate.


Hutto ISD



M&O Tax Rate 1.17$ 72.22%

I&S Tax Rate 0.45$ 27.78%


Estimating Total I&S Tax Collections for 17/18 Final


Total value under review $61,035,439


O65 Transfer Taxable (Adjustment) $974,623






Collections at 100% $1,152,494,467

Divided by 100 $11,524,944.67












Hutto ISD



M&O Tax Rate 1.170$ 72.67%

I&S Tax Rate 0.440$ 27.33%












Collections at 100% $1,333,752,939

Divided by 100 $13,337,529.39












Hutto ISD



M&O Tax Rate 1.170$ 72.90%

I&S Tax Rate 0.435$ 27.10%












Collections at 100% $1,318,596,656

Divided by 100 $13,185,966.56












Hutto ISD



M&O Tax Rate 1.170$ 73.13%

I&S Tax Rate 0.430$ 26.88%












Collections at 100% $1,303,440,372

Divided by 100 $13,034,403.72












Hutto ISD



M&O Tax Rate 1.170$ 73.35%

I&S Tax Rate 0.425$ 26.65%












Collections at 100% $1,288,284,089

Divided by 100 $12,882,840.89












Revenues are based on a tax rate of $.44/$100 Valuation

Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to


Estimated Revenue Sources Budget Budget Budget Proposed



5712.00 Taxes, Prior Years - - - -

5719.00 Penalties, Interest, Other Tax Rev. - - 20,000 20,000

5742.00 Interest Earnings - - 40,000 40,000



5829.00 State Program - ASAHE - - 301,620 301,620

5829.57 State Program - Facilities New 75,000 75,000 - (75,000)

5829.58 State Program - EDA 301,000 301,000 - (301,000)

5829.59 State Program - IFA - - - -

Total State Sources 376,000 376,000 301,620 (74,380)


Expenditures

71 Debt Service

6511.00 Bond Principal 549,581$ 549,581$ 1,204,401$ 654,820$

6521.00 Interest on Bonds 11,902,301 11,902,301 12,605,537 703,236

6599.00 Other Debt Service Fees 13,118 13,118 1,000 (12,118)

Total Expenditures 12,465,000$ 12,465,000$ 13,810,938$ 1,345,938$

Estimated Change in Fund Balance 327,873$


Debt Service Fund Proposed Budget

2018 - 2019

Tax Rate Tax Rate Tax Rate Tax Rate0.44$ 0.435$ 0.43$ 0.425$

2018 - 2019 2017 - 2018 2018 - 2019 2018 - 2019

Preliminary Amended Preliminary Preliminary

Estimated Revenue Sources Budget Budget Budget Budget



5712.00 Taxes, Prior Years - - - -

5719.00 Penalties, Interest, Other Tax Rev. 20,000.00 20,000.00 20,000 20,000

5742.00 Interest Earnings 40,000.00 40,000.00 40,000 40,000



5829.00 State Program - ASAHE 301,620 301,620 301,620 301,620

5829.57 State Program - Facilities New - - - -

5829.58 State Program - EDA - - - -

5829.59 State Program - IFA - - - -

Total State Sources 301,620 301,620 301,620 301,620


Expenditures

71 Debt Service

6511.00 Bond Principal 1,204,401$ 1,204,401$ 1,204,401$ 1,204,401$

6521.00 Interest on Bonds 12,605,537 12,605,537 12,605,537 12,605,537

6599.00 Other Debt Service Fees 1,000 1,000 1,000 1,000

Total Expenditures 13,810,938$ 13,810,938$ 13,810,938$ 13,810,938$

Estimated Change in Fund Balance 327,873$ 173,490$ 19,070$ (135,387)$

Revenue Assumptions:

Applying 90% of current protested value

98% Collection rate on current levy

98% Collection rate on freeze ceiling


Debt Service Fund Proposed Budget Comparisons

2018 - 2019


Debt Service Fund Expenditures

2017 – 2018 Debt Obligation Principal $ 549,581Interest $12,180,696

Total $12,730,277

2018 – 2019 Debt Obligation Principal $ 1,204,401Interest $12,605,537

Total $13,809,938

Increase $ 1,079,661


AnnualYear Principal Interest(A) Debt Service(A)

2017/18 549,580.95$ 12,180,695.76$ 12,730,276.71$ 2018/19 1,204,400.75 12,605,536.77 13,809,937.52 2019/20 1,421,129.45 12,612,758.07 14,033,887.52 2020/21 1,554,233.20 12,985,954.32 14,540,187.52 2021/22 1,701,486.65 12,945,050.87 14,646,537.52 2022/23 1,681,874.25 13,576,213.27 15,258,087.52 2023/24 3,853,577.80 11,404,459.72 15,258,037.52 2024/25 6,060,000.00 9,199,537.52 15,259,537.52 2025/26 6,330,000.00 8,925,337.52 15,255,337.52 2026/27 6,580,000.00 8,678,662.52 15,258,662.52 2027/28 6,870,000.00 8,385,556.28 15,255,556.28 2028/29 7,190,000.00 8,066,756.28 15,256,756.28 2029/30 7,525,000.00 7,731,543.78 15,256,543.78 2030/31 7,850,000.00 7,407,312.52 15,257,312.52 2031/32 8,110,000.00 7,146,462.52 15,256,462.52 2032/33 8,425,000.00 6,832,775.02 15,257,775.02 2033/34 8,780,000.00 6,476,931.26 15,256,931.26 2034/35 9,095,000.00 6,162,700.02 15,257,700.02 2035/36 9,420,000.00 5,839,356.26 15,259,356.26 2036/37 9,795,000.00 5,459,968.76 15,254,968.76 2037/38 10,200,000.00 5,058,118.76 15,258,118.76 2038/39 10,625,000.00 4,634,506.26 15,259,506.26 2039/40 11,050,000.00 4,208,518.76 15,258,518.76 2040/41 11,490,000.00 3,766,143.76 15,256,143.76 2041/42 11,985,000.00 3,273,593.76 15,258,593.76 2042/43 12,495,000.00 2,759,812.50 15,254,812.50 2043/44 3,152,379.75 12,106,620.25 15,259,000.00 2044/45 6,877,833.25 8,376,854.25 15,254,687.50 2045/46 13,520,000.00 1,738,375.00 15,258,375.00 2046/47 4,110,000.00 1,069,000.00 5,179,000.00 2047/48 4,315,000.00 863,500.00 5,178,500.00 2048/49 1,585,000.00 647,750.00 2,232,750.00 2049/50 1,665,000.00 568,500.00 2,233,500.00 2050/51 1,750,000.00 485,250.00 2,235,250.00 2051/52 1,835,000.00 397,750.00 2,232,750.00 2052/53 1,930,000.00 306,000.00 2,236,000.00 2053/54 2,025,000.00 209,500.00 2,234,500.00 2054/55 2,165,000.00 54,125.00 2,219,125.00

Total 226,771,496.05$ 235,147,487.34$ 461,918,983.39$

__________

Hutto Independent School DistrictOutstanding Unlimited Tax Debt Service By Principal And Interest

(A) Assumes a 3.00% interest rate on the District's Variable Rate Unlimited Tax School BuildingBonds, Series 2015 through July 31, 2020 and a 5.00% interest rate thereafter.

Note: Debt service payments reflect payments from September 1 through August 31.

1-2


Food Service Fund


Increase/

(Decrease)

2017 - 2018

2017 - 2018 2017 - 2018 2018 - 2019 Original to


Estimated Revenue Sources Budget Budget Budget Preliminary


5751.00 A La Cart Sales 1,233,150$ 1,233,150$ 1,212,701$ (20,449)$

Total Local Sources 1,233,150 1,233,150 1,212,701 (20,449)


5829.00 State Matching Summer Feeding Pgm 20,000 - 20,616 616

Total State Sources 20,000 - 20,616 616

5900.00 Federal Sources

5921.00 National School Breakfast Program 458,448 458,448 474,375 15,927

5922.00 National School Lunch Program 1,378,307 1,378,307 1,376,982 (1,325)

5923.00 USDA Commodities 197,242 197,242 228,272 31,030

5939.00 Summer Feeding Program - - 20,000 20,000

Total Federal Sources 2,033,997 2,033,997 2,099,629 65,632

Total Budgeted Revenue Sources 3,287,147$ 3,267,147$ 3,332,946$ 45,799$

Expenditures

35 Food Service

6100.00 Payroll 1,092,294$ 1,107,550$ 1,298,334$ 206,040$

6200.00 Contracted Services 757,854 757,854 503,965 (253,889)

6300.00 Supplies and Materials 1,381,017 1,381,087 1,512,547 131,530

6400.00 Other Operating Expenses 42,742 42,742 - (42,742)

Total Expenditures 3,273,907$ 3,289,233$ 3,314,846$ 40,939$

Estimated Change in Fund Balance 18,100$


Food Service Fund Proposed Budget

2018 - 2019


Questions?


Documents

Hutto ISD Budget and Tax Rate Public Meeting...Hutto ISD Budget and Tax Rate Public Meeting Budget Considerations 85th Legislative Session provided little financial relief to Texas