1. Proposed Budget for Adoption 2017-2018
July 11, 2017

2. Tax Rates FY 2017 Primary 4.8445 Secondary 3.0953 –
M&O override (First Year)
Bonds (Debt Service Repayment Schedule)
Total
FY 2018 (estimated) - tax rates come out in August
Primary
Secondary
M&O (second year)
Bonds (Debt Service Repayment Schedule
Total
Decreased by
Attributed to new tax rate formula, Qualifying Tax Rate (QTR) decrease and assessed valuation increase.

3. Calculation of M&O Budget
Revenue Control Limit $58,295,717
M&O Override $ 9,432,157
Budget Balance Carryforward (estimated) $ 2,500,000
State Land Trust Sale Allocation (estimated) $ ,550
HUSD portion of $50M
FY18 $70,742,424
FY17 $68,283,287

4. 1.06% Teacher Pay Increase
Only certified teachers who taught in an Arizona public school in and continue to teach in 2018
Increase is based on all compensation earned in the function in FY17 x 1.06%
District must collect salary information from other districts if teachers worked at a district other than HUSD in 2017
Actual amount of budget will be revised in October budget revision. Current estimate budget increase = $366,553
The State will finalize the 1.06% budget increase in early December
HUSD will pay a onetime stipend and intends to issue this pay prior to Winter Break

5. Unrestricted Capital Budget
FY2017 Budget minus actual expenditures
$14,131,552 – $6,461,552= $7,670,000
Portion of Revenue control limit $6,000,000
District Additional Assistance (DAA) $822,952
Total Unrestricted Capital $14,492,952

6. Special Education
No longer classified in separate categories, now all combined into the category of “All Disability Classifications”
FY2017 Expenditures: $8,845,895
FY2018 Estimated Expenditures: $10,108,463

7. Calculation of CSF Budget Prop 301
FY2017 Budget minus Actual Expenses = Unexpended Balance
Total Unexpended = $2,790,414
Add Allocation = $5,501,598
Add Interest Earned = $8,023
FY2018 Budget Limit= $8,300,036

8. Classroom Site Fund (CSF) Prop 301
Revenue is broken down 20%, 40%, 40% from allocation (FY15-16 $5,000), (FY16-17 $5,200) and (FY17-18 $5,893)
FY17 Group A Weighted student count * $386 = allocation
$54 per pupil increase – $19 is one time only funding
011 - Base Salary (20%)
$540 bi-annual payments increased to $560 = $1,120
Additional one-time only funding = $85 per teacher = $85
012 - Performance Pay (40%)
$2,700 incentive increased to $2, = $2,750
Additional one-time only funding = $144 per teacher = $144
013 - Other (40%)
$675 bi-annual payments increased to $840 = $1,680
Additional one-time only funding = $114 per teacher = $114
Funding additional teachers in FY = $5,893

9. Additional funds… Federal Projects
Allocation determined by federal program
The allocation is determined by a pass through entity; typically, from the Arizona Department of Education
Instructional Improvement Programs
(also known as Indian Gaming)
FY $480,000
Budgeted $300,000 for classroom size reduction
Cash controlled fund. 2nd 2017 payment not yet received. Budget will increase through a budget revision by approximately $300,000

10. What happens now?
We asked the Governing Board to accept the budget on June 21, 2017 as presented
Now we bring the proposed budget to the Governing Board for adoption today July 11, 2017
By July 14, Finance department will upload Expenditure Worksheets and Adopted Budget to ADE and to the County. The adopted budget will be posted on the ADE website and District website
The next budget revision will be in October 2017

11. THANK YOU.