1. 2016-2017 Budget Presented to the Board of Education August 24, 2016
North Mac CUSD #34
Budget
Presented to the Board of Education
August 24, 2016

2. Budget 2016-2017 School Funding Basics
North Mac uses Cash Basis Accounting: Revenues and expenditures are recognized at the time cash is received or disbursed
Beginning fund balances as of 7/1/2016 have been determined by the district auditors

3. Budget 2016-2017 School Funding Basics
Public School Budgets are estimates of revenues and expenditures
Unanticipated personnel costs will impact expenditures
State and local revenue delays will affect cash flow and budget revenue streams
Changes in personnel or student needs will impact expenditures

4. Budget 2016-2017 State Funding Changes
General state aid increased $103,255
Transportation will be prorated at 72%; a loss of $132,871
The state currently owes the district $195,704 from FY16
No legislative change was made to the school funding formula

5. Budget 2016-2017 Local Tax Revenues
FY17 budget reflects an increase in EAV of approximately 1.50%
FY17 budget contains $125,000 corporate personal property replacement tax dollars in the Transportation Fund and $9,000 in the IMRF fund
The State has yet to set repayment method or schedule for the $28,000 in CPPRT overpayments discovered last year

6. Budget 2016-2017 Federal Revenues
Projected Federal revenues are $1,098,900 from various programs including:
Title I
Title II
I.D.E.A.(Special Education)
Medicaid
School Meals Program

7. Budget General
Education Fund will have deficit spending ($59,120)
Operations & Maintenance Fund will increase $88,982
The Transportation Fund will increase $35,345*
The Health Life Safety Fund will be in deficit spending ($1,146,173) as HLS Bond projects are completed and paid
*dependent upon final state budget and timeliness of payments

8. Budget Summary Detail “Operating” Funds
State Defined “Operating” Funds
Education Fund
Operations & Maintenance
Transportation Fund
Working Cash Fund
These funds are used in the formula to determine the financial profile of a school district

9. North Mac Financial Profile Score
June 30, Watch
June 30, Review
June 30, Recognition
June 30, Recognition
June 30, Recognition (est.)

10. Daily Operating Costs 2011-2012 2012-2013 2013-2014 2014-2015
(est.)
Average Operating Cost per day
$41,536
$37,698
$33,106
$33,825
$33,768
Days Cash
on Hand 26 39
106
118
131

11. Revenue Detail

12. Revenue Sources Local Sources: State Sources: Federal Sources:
Tax Revenues from Levy
Corporate Personal Property Replacement Tax
Food Service Revenues
Local and School Fees
County School Facilities Sales Tax
Interest
State Sources:
General State Aid
Grant Revenues
Mandated Categoricals (Special Ed/Transportation)
Federal Sources:
Title Funding
Medicaid
I.D.E.A. (Special Education)
Food Programs

13. Revenue % Breakdowns Local $7,104,724 48% State $6,573,654 45% Federal
$1,098,900 7%
Total
$14,777,278
100%

14. Revenue History FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 % Change
FY15 to
FY16
Local
5,768,188
6,236,302
6,671,014
6,465,806
6,739,443
7,104,724
5.42
State
7,693,0682
7,370,762
7,243,685
6,511,007
6,427,800
6,573,654
2.27
Federal
1,036,456
1,053,763
1,099,047
1,090,000
1,115,100
1,098,900
-1.45
TOTAL
14,497,712
14,660,827
15,013746
14,066,813
14,282,343
14,777,278
3.47

15. Expenditure Detail

16. Expenditure Overview
ISBE classifies expenditures using the following categories:
Salaries
Benefits
Purchased Services
Supplies
Capital Outlay
Other (Includes Dues/Fees, Tuition and Debt Principal/Interest)

17. Education Fund Expenditures
Salaries
$5,684,946
54%
Benefits
$1,481,628
14%
Purchased Services
$293,700 3%
Supplies
$780,858 7%
Cap Outlay
$97,090 1%
SASED
$2,188,600
21%
TOTAL
$10,526,822

18. Operations & Maintenance Fund Expenditures
Salaries
$442,160
38%
Benefits
$102,771 9%
Purchased Services
$228,000
20%
Supplies
$369,100
32%
Capital Outlay
$12,000 1%
Other $0 0%
TOTAL
$1,154,031

19. Transportation Expenditures
Salaries
$586,215
64%
Benefits
$66,375 7%
Purchased Services
$35,870 4%
Supplies
$152,650
17%
Cap Outlay $0 0%
Other (Lease)
$75,850 8%
TOTAL
$916,960 19

20. FY 17 Budget Summary Revenues Expenditures Surplus/(Deficit)
7/1/16 balance
6/30/17 balance
Education
10,467,702
10,526,822
-59,120
3,825,401
3,766,281
Operations & Maintenance
1,243,013
1,154,031
88,982
111,920
200,902
Bond & Interest
498,427
510,750
-12,323
72,761
60,438
Transportation
952,305
916,960
35,345
19,499
54,844
IMRF/ SS
544,516
528,140
16,376
193,135
209,511
Capital Projects
350,000
Working Cash
59,877
331,439
391,316
Tort
601,611
452,032
149,579
335,715
485,294
Fire Prevention & Safety
59,827
1,206,000
-1,146,173
2,812,791
1,666,618
Total
14,777,278
15,294,735
-517,457
7,702,661
7,185,204