1. Evansville Vanderburgh School Corporation 2014 Budget Presentation August 12, 2013 1

2. Board Approval Required 2014 Funds2014 Property Tax Supported General Fund Rainy Day Fund Capital Projects Transportation Operating Bus Replacement Debt Service and Exempt Debt Service Art Institute 2014 Budget 2

3. Assumptions 1.Enrollment projections reflect 2012-2013 levels. 2.The majority of the cost of utilities will continue to be paid from the Capital Projects Fund per State statute. 3.All salary projections reflect a 0% increase. 4.Full Day Kindergarten Funding will be included with the Basic Grant Distribution. 5.Basic Grant Distribution is now based on a fiscal year. 2014 Budget 3

4. Revenue 2014 Basic Tuition Support Factors I.C. 20-43 Basic Tuition Support Honors Special Education Vocational Education Complexity Index Full Day Kindergarten 2014 Budget 4

5. Funding Formula 2014 1.Transition to Foundation Calculation$98,477,175 2Academic Honors Diploma391,000 3.Special Education (Based on Exceptionality)11,411,097 4.Vocational Education (Based on Course)2,040,825 5.Complexity Grant28,558,918 6.Full Day Kindergarten4,696,140 TOTAL$145,575,155 5

6. 2014 Budget Jan - June FY 2014 July – Dec. FY 2015 1. Transition to Foundation Calculation$4,569$4,587 2 Academic Honors Diploma$1,000 3. Special Education (Based on Exceptionality) $533 - $8350 4. Vocational Education (Based on Course) $150 - $450 5. Complexity Grant.33.35 6. Full Day Kindergarten$2,448$2,472 Allocation per student 6 Tuition Support Formula 2014

7. 2014 Budget Jan - June FY 2014 July – Dec FY 2015 FY 14/15 Total 1. Transition to Foundation Calculation49,141,78849,335,38798,477,175 2 Academic Honors Diploma195,500 391,000 3. Special Education (Based on Exceptionality) 5,705,549 11,411,097 4. Vocational Education (Based on Course) 1,020,4131,020,4192,040,825 5. Complexity Grant14,128,29114,430,62728,558,918 6. Full Day Kindergarten2,336,6162,359,5244,696,140 TOTAL$145,575,155 7 Funding Formula 2014

8. 2014 Budget General Fund State and Local Source Revenue 1.Summer School325,000 2.Remediation225,000 3.Transfer Tuition400,000 4.Local Revenue, Fees, and Interest 6,543,279 TOTAL$7,493,279 8

9. 2014 Budget General Fund Revenue Total Basic Grant145,575,155 Miscellaneous State and Local7,493,279 TOTAL$153,068,434 9

10. Permissible General Fund Expenditures Salaries and Fringe Benefits of Teachers Administrators Custodians Clerical Purchased Services Supplies 2014 Budget 10

11. 2014 Budget 11

12. 2014 Budget General Fund Expenditures Category Percentages 2012 Budget 2013 Budget 2014 Budget 1.Academic Achievement 75.67%74.98%75.11% 2.Instructional Support 3.93%4.18%4.70% Subtotal - Instruction79.60%79.16%79.81% 3.Overhead & Operational 20.40%20.84%20.19% 4.Non-Operational 0.00% TOTAL 100.0% 12

13. 2014 Budget Rainy Day Fund 2014 Budget Personal Services$5,812,298.00 TOTAL$5,812,298.00 13

14. 2014 Budget Levy Funds Revenue Source Property Tax Miscellaneous Taxes: Motor Vehicle Excise Tax Commercial Vehicle Excise Tax Financial Institutions Tax 14

15. 2014 Budget Assessed Value EVSC 2007 - Pay 2008$8.2 billion 2008 - Pay 2009$6.9 billion 2009 - Pay 2010$7.0 billion 2010 - Pay 2011$6.9 billion 2011 – Pay 2012$6.7 billion 2012 - Pay 2013$6.2 billion 2013 – Pay 2014$6.3 billion (estimate) 15

16. 2014 Budget Capital Projects Fund (CPF) Capital Projects Plan – Three-Year Plan Rate-Driven Fund – Rate Established by State Construction/Improvements Building Construction Building Renovation Building Repair Building Maintenance Equipment and Technology Equipment/Technology Purchases Equipment/Technology Repair 16

17. 2014 Budget Capital Projects Detail 2014 Improvements and Replacements: Construction/Improvements7,680,522.50 Lease/ Purchase3,740,312.50 Utilities4,651,747.00 Technology3,144,660.00 Equipment255,000.00 Skilled Labor1,000,000.00 Emergency Allocation658,000.00 Future Projects (future projects from 2013--$2,721,601) 5,700,916.00 Total Budget for 2014 Total Budget less approved future projects from 2013 $26,831,158.00 $24,109,557.00 17

18. 2014 Budget 2014 Capital Projects Plan 18

19. 2014 Budget Debt Service - Regular 2014 Expenditure Budget Debt Service – Regular12,100,924.00 19

20. 2014 Budget Debt Service - Exempt 2014 Expenditure Budget Debt Service – Exempt10,413,000.00 20

21. 2014 Budget Transportation Funds Transportation OperatingBus Replacement Funding level is determined by State Regulation and increases 2.6% in 2014 12 year Replacement Plan. Previous Increases are 2.8% in 2013 2.9% in 2012 2.9% in 2011 3.8% in 2010 4.0% in 2009 Statutory provision for Fair Market Lease. Budget - $14,813,942.00Budget - $3,886,062.00 21

22. 2014 Budget Bus Replacement Plan Eligibility 2014 Thirty-one 72-Passenger buses2,729,705 Three 54-Passenger264,165 Two Wheel Chair176,110 Three Conforming Vehicles145,539 Fair Market Lease Value570,723 TOTAL$3,886,062 22

23. 2014 Budget Art Institute Fund Funding to The Arts Council of Southwestern Indiana To provide Ongoing Programs for Our Students Rate-driven Fund – Rate established by State Budget - $350,000 23

24. 2014 Budget 24 Property Tax Fund Comparisons

25. 2014 Budget 25

26. 2014 Budget 26

27. 2014 Budget August 26, 2013Board Meeting- Budget Review and Permission to Advertise Budget August 28, 2013 Date of 1 st Publication of the 2014 Proposed Budget, Bus Replacement Plan, and Capital Projects Fund. September 4, 2013 Date of 2 nd Publication of Proposed 2014 Budget September 9, 2013 Board Meeting – Public Hearing of Proposed 2014 Budget, Bus Replacement Plan and Capital Projects Fund September 23, 2013 Board Meeting – Proposed 2014 Budget, Bus Replacement Plan, and Capital Projects Plan Adopted by the Board at Public Meeting September 25, 2013County Council Review of Budget September 28, 2013File adopted Budgets and Tax Levies with the County Auditor NEXT STEPS - 27