Bellevue Public Schools Budget Development

Where will BPS funding come from?

Revenue Breakdown

Where will the money go in ?

Expense Breakdown

Cash Flow

Projected Cash Flow

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

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

BPS Expense Increases 1.9% package increases for certified teaching staff and other groups in the 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

Expense History & Forecast DISBURSEMENTS Actual Projected ProposedInc or (Dec) % Change Instruction $52,414,755 $51,793, $53,064,881 $1,271, % Special Education $15,274,575 $15,473, $15,774,350 $300, % Pupil Support Services $5,051,235 $4,630, $4,695,775 $64, % Staff Support Services $6,007,111 $5,079, $5,232,901 $153, % Board of Education *includes Board secretary expenses $99,986 $56,767 $55,770 $(997)-1.76% General Administration $1,774,751 $1,871, $1,790,336 $(80,990)-4.33% Building Administration $5,053,063 $5,094, $4,834,623 $(259,707)-5.10% Business $838,971 $948, $1,005,555 $57, % Vehicle Maintenance $62,724 $78, $90,900 $12, % Building Operations & Maintenance $10,521,094 $10,837, $10,801,803 $(36,051)-0.33% Transportation $4,145,609 $4,227, $4,311,621 $84, % Total Operating Budget $101,243,874 $100,090,710 $101,658,515 $1,567, % Approved Approved 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, %

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

Next Steps July 6, 2015 – Approve Budget for Publication August 3, 2015 – Hold Budget Hearing and approve the 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, Approve the Renewal of $5 Million Line of Credit (Renews December, 2015)