Initial Submission March 27, 2018 2018-2019 Budget Initial Submission March 27, 2018

2018-19 Budget Highlights Additional World Language Teacher at the Middle School Chinese Language Program at the High Schools B Teams at the Middle Schools Five Additional Full Time Campus Police Officers

2018-19 Budget Summary Actual Current Proposed Budget Budget Category 2016-17 2017-18 2018-19 Difference % Salaries 99,202,336 105,977,844 107,707,359 1,729,515 1.6% Benefits 34,576,769 39,314,758 43,036,204 3,721,446 9.5% Other 44,517,210 50,572,119 49,565,391 (1,006,728) -2.0% 178,296,315 195,864,721 200,308,954 4,444,233 2.3%

2018-19 Budget Expenditures Actual Current Proposed Budget Budget Category 2016-17 2017-18 2018-19 Difference % REGULAR EDUCATION 52,401,189 56,191,995 58,231,311 2,039,316 3.6% TOTAL SPECIAL EDUCATION 18,943,957 19,911,494 20,180,615 269,121 1.4% TOTAL BASIC SKILLS/BILINGUAL 3,042,715 3,256,031 2,970,916 (285,115) -8.8% TOTAL EXTRA/ATHLETICS 2,315,141 2,499,533 2,677,124 177,591 7.1% OTHER INSTRUCTIONAL PROGS 17,914 30,000 - 0.0% TOTAL EDUCATION COSTS 76,720,916 81,889,053 84,089,966 2,200,913 2.7%

2018-19 Budget Expenditures Actual Current Proposed Budget Budget Category 2016-17 2017-18 2018-19 Difference % OUT OF DISTRICT TUITION 8,886,093 9,449,520 10,151,678 702,158 7.4% STUDENT SERVICES 15,637,571 16,536,259 16,561,706 25,447 0.2% MEDIA & INSTRUCTION 2,474,591 3,145,623 3,181,265 35,642 1.1% ADMINISTRATION 14,305,493 14,886,813 14,797,695 (89,118) -0.6% FACILITIES & SECURITY 10,715,443 14,001,429 13,813,103 (188,326) -1.3% TRANSPORTATION 10,593,771 11,971,639 12,218,678 247,039 2.1% EMPLOYEE BENEFITS 34,576,769 39,314,758 43,036,204 3,721,446 9.5% TOTAL SUPPORT/OPERATIONAL 97,189,731 109,306,041 113,760,329 4,454,288 4.1%

2018-19 Budget Expenditures Actual Current Proposed Budget Budget Category 2016-17 2017-18 2018-19 Difference % EQUIPMENT 185,650 693,125 100,000 (593,125) -85.6% CONSTRUCTION 300,688 580,906 290,000 (290,906) -50.1% TRANSFER FROM CAP RESERVE - 2,648,250 2,000,000 (648,250) -24.5% LPA/SDA ASSESSMENT 3,899,330 747,346 68,659 (678,687) -90.8% TOTAL CAPITAL OUTLAY 4,385,668 4,669,627 2,458,659 (2,210,968) -47.3% TOTAL GENERAL FUND BUDGET 178,296,315 195,864,721 200,308,954 4,444,233 2.3%

2018-19 General Fund Expenditure Graph

2018-19 Budget Revenues Revenues 2016-17 2017-18 2018-19 Difference % TAXES 164,596,506 169,765,548 173,160,859 3,395,311 2.0% TUITION 645,519 527,000 - 0.0% MISCELLANEOUS REVENUES 1,247,079 1,035,317 865,923 (169,394) -16.4% FEDERAL AID 266,496 177,498 202,385 24,887 14.0% FUND BALANCE (3,527,801) 6,169,638 8,024,943 1,855,305 30.1% TRANSFER -OTHER FUNDS 2,593,817 CAPITAL RESERVE (2,520,163) 2,500,000 2,000,000 (500,000) -20.0% RESERVE FOR ENCUMBRANCES   758,206 (758,206) 163,301,453 180,933,207 184,781,110 3,847,903 2.1%

2018-19 Budget Revenues - State Aid Actual Current Proposed Budget State Aid 2016-17 2017-18 2018-19 Difference % Equalization Aid 5,670,267 6,691,777 - 0.0% Transportation Aid 555,448 1,476,537 921,089 165.8% Special Education Aid 6,294,933 Security Aid 264,597 PARCC Readiness Aid 108,570 (108,570) -100.0% Per Pupil Growth Aid Professional Learning 107,620 (107,620) Extraordinary Aid 1,783,341 800,000 Other 101,516   TOTAL STATE AID 14,994,862 14,931,515 15,527,844 596,329 4.0%

2018-19 Revenue Graph

2018-19 Budget – Special Revenue Fund Actual Current Proposed Budget Special Revenue Fund 2016-17 2017-18 2018-19 Difference % Title I 979,972 1,444,928 902,607 (542,321) -37.5% Title II 174,744 274,999 (274,999) -100.0% Title III 96,373 104,176 61,223 (42,953) -41.2% IDEA 2,639,497 2,611,678 1,999,453 (612,225) -23.4% Other Grant Funds 1,556,385 1,671,287 1,340,230 (331,057) -19.8% Total 5,446,971 6,107,068 4,303,513 (1,803,555) -29.5%

2018-19 Budget – Debt Service Actual Current Proposed Budget Expenditures 2016-17 2017-18 2018-19 Difference % Prinicpal Payment 3,455,000 3,210,000 3,460,000 250,000 7.8% Interest Payment 471,700 333,500 173,000 (160,500) -48.1% Total 3,926,700 3,543,500 3,633,000 89,500 2.5% Revenues Fund Balance 7,200 - 0.0% Debt Service Aid 1,125,083 1,015,290 1,040,931 25,641 Tax Levy 2,794,417 2,528,210 2,592,069 63,859

Special Revenue Budget 2018-19 Budget Resolution 2018-19 Budget Tax Levy General Fund Budget 200,308,954 173,160,859 Special Revenue Budget 4,303,513 Debt Service Budget 3,633,000 2,592,069 Total 208,245,467 175,752,928

2018-19 Budget – Tax Impact ESTIMATED TAX IMPACT 2018-19 Increase % Fund 10 (General Fund) 173,160,859 3,395,311 2.00% Fund 40 (Debt Service) 2,592,069 63,859 2.53% TOTAL 175,752,928 3,459,170 2.01% Estimated Tax Impact 82.12 (avg. assessed home - $224,506) 0.07