1. Bellevue Public Schools Budget Development 2015-2016

2. Where will 15-16 BPS funding come from?

3. 2014-15 Revenue Breakdown

4. Where will the money go in 2015-16?

5. 2014-15 Expense Breakdown

6. 2014-15 Cash Flow

7. Projected 2015-16 Cash Flow

8. Cash Management Considerations Will need approval for December renewal of the $5 million line of credit to support potential temporary cash flow needs Due to cash flow concerns, effort should be made to increase cash reserve

9. Revenue History and Forecast INCOME TOTALS2013-14 Actual2014-15 Projected2015-16 ExpectedPercentage of Budget Local Tax Receipts$37,924,012$40,779,919$42,375,83539.73% Pro-Rata Motor Vehicle Tax$92,148$95,000 0.09% Motor Vehicle Tax$2,281,802$2,300,000 2.16% Interest On Investments$67,292$70,000$60,0000.06% Local Fees & Fines$20,975$15,000 0.01% Other Local Revenue$300,000$305,000$400,0000.38% County Fines & Licenses$10,083$15,000 0.01% State Aid$37,210,576$37,274,164$41,092,18038.53% Special Education Program$5,615,860$6,000,000 5.63% Special Education Transportation$655,712$674,137$655,5000.61% State Apportionment$1,074,400$1,191,229$1,100,0001.03% Public Power Sales Tax$1,192,206$1,264,697$1,200,0001.13% Other State Receipts$86,698$108,445$100,0000.09% Federal Receipts$6,478,397$7,000,000$6,250,0005.86% Line of Credit$0 $5,000,0004.69% Income from Cash Balance$8,233,713$3,000,000$00.00% Total$101,243,874$100,092,591$106,658,515

10. BPS Expense Increases 1.9% package increases for certified teaching staff and other groups in the 2015-16 cycle (we are still in negotiations with some employee groups) Addition of two early learning center specialists at Belleaire Elementary (offset by Learning Community grant funds) $700,000 allocated for secondary social studies curriculum acquisition

11. Expense History & Forecast DISBURSEMENTS2013-14 Actual2014-15 Projected2015-16 ProposedInc or (Dec) % Change Instruction $52,414,755 $51,793,065.00 $53,064,881 $1,271,8162.46% Special Education $15,274,575 $15,473,588.00 $15,774,350 $300,7621.94% Pupil Support Services $5,051,235 $4,630,929.00 $4,695,775 $64,8461.40% Staff Support Services $6,007,111 $5,079,758.00 $5,232,901 $153,1433.01% Board of Education *includes Board secretary expenses $99,986 $56,767 $55,770 $(997)-1.76% General Administration $1,774,751 $1,871,326.00 $1,790,336 $(80,990)-4.33% Building Administration $5,053,063 $5,094,330.00 $4,834,623 $(259,707)-5.10% Business $838,971 $948,051.00 $1,005,555 $57,5046.07% Vehicle Maintenance $62,724 $78,029.00 $90,900 $12,87116.50% Building Operations & Maintenance $10,521,094 $10,837,854.00 $10,801,803 $(36,051)-0.33% Transportation $4,145,609 $4,227,013.00 $4,311,621 $84,6082.00% Total Operating Budget $101,243,874 $100,090,710 $101,658,515 $1,567,8051.57% 2013-14 Approved2014-15 Approved2015-16 ProposedInc or (Dec) % Change Line of Credit Expense $- $5,000,000 $-0% Total Budget Authority $104,700,000 $105,425,000 $106,658,515 $1,233,5151.17%

12. Future Considerations Textbook adoptions and technology acquisitions will need to be funded in the future for BPS to provide quality educational programs Staff compensation packages will need to be considered in order maintain competiveness within the metro area Facility needs will continue to require a significant dollar commitment Efforts to look for efficiencies must continue so we can make the best use of every dollar Talk with Nebraska legislators, at the state and federal levels, to ensure that adequate funding is provided to meet the needs of our students

13. Next Steps July 6, 2015 – Approve 2015-16 Budget for Publication August 3, 2015 – Hold Budget Hearing and approve the 2015-16 BPS Budget September 14, 2015 – Hold Tax Request Hearing and approve 2016 tax request No later than September 20, 2015 – file approved budget with the NDE and the NE State Auditor November 9, 2015 - Approve the Renewal of $5 Million Line of Credit (Renews December, 2015)