FINANCIAL ADVISORY COMMITTEE SEPTEMBER 7, 2006

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FINANCIAL ADVISORY COMMITTEESEPTEMBER 7, 2006
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AGENDA

• Current FY07 Budget
• Past Financial Information/Forecasts

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REVIEW OF FY07 REVENUE
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FY07 REVENUE

• LOCAL
• NEW GROWTH 1.30
• CPI 3.4
• INVESTMENT INCOME SLIGHT INCREASE FROM INTEREST
  EARNED IN FY06
• CORP PERSONAL PROPERTY REPLACEMENT TAX FLAT
  FROM FY06
• OUTDOOR ED FEES - DECREASE
• E-RATE - DECREASE

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FY07 REVENUE

• STATE
• GSA FLAT FROM FY06
• CAREER GRANT DECREASE
• CATEGORICAL GRANTS NO CHANGE
• TRANSPORTATION NO CHANGE
• DISSOLUTION REVENUE 104,000

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FY07 REVENUE

• FEDERAL
• TITLE GRANTS DECREASE
• NATIONAL LUNCH DECREASE
• IDEA DECREASE

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FY07 REVENUE
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FY07 REVENUE
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REVIEW OF FY07 EXPENSES
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FY07 EXPENSES

• SALARIES
• NEW POSITIONS
• ELL - .1 FTE
• MUSIC - .04 FTE

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FY07 EXPENSES

• SALARIES
• REDUCTIONS
• SPEECH - 1.0 FTE
• CLASSROOM - 3.5 FTE

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FY07 EXPENSES

• SALARIES - ED FUND
• Administrators
• 7 ASC Staff Members
• 13 Building Principals
• 3.5 Asst. Principals
• Pre-K Coordinator
• 2 Technology Staff Members

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FY07 EXPENSES

• SALARIES - ED FUND
• Certified Staff
• 379 Teachers (inc. nurses, psyc., soc workers, )
• ESP Staff
• 1 Secretary per Elementary Building
• 1 Clerk per Elementary Building
• 3 Secretaries per MS
• 1 Special Ed Secretary at MS
• 9.5 ASC Support Staff
• 167 Aides

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FY07 EXPENSES
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FY07 EXPENSES

• BENEFITS
• MEDICAL 5 INCREASE
• DENTAL 1 INCREASE
• TRS FEDERAL 1.98 INCREASE

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FY07 EXPENSES

• PURCHASED SERVICES
• INFORMATION PROCESSING, TECHNOLOGY 19,550
  INCREASE
• CONTRACTURAL SPEECH - 19,000 INCREASE
• TRANSPORTATION
• REGULAR INCREASE 3
• SPECIAL EDUCATION 2.5
• FUEL ESCALATION 20,000 INCREASE

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FY07 EXPENSES

• PURCHASED SERVICES CONTINUED
• OUT OF DISTRICT PLACEMENT - 449,000 INCREASE
• COPIERS - 33,000 INCREASE
• FOOD SERVICE 3.3 INCREASE

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FY07 EXPENSES

• SUPPLIES
• STUDENT PER PUPIL ALLOCATION FLAT
• TEXTBOOKS 13,900 INCREASE
• OM SUPPLIES 3.3 INCREASE

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FY07 EXPENSES

• CAPITAL OUTLAY
• FUND BALANCE PROJECTS 1.5 MILLION

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FY07 EXPENSES

• RETIREMENT
• TRS ERO PENALITIES 120,526 INCREASE FROM FY06
• RETIREE HEALTH INSURANCE COSTS 32,840 INCREASE
  FROM FY06

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FY07 EXPENSES
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FY07 EXPENSES
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FY07 REVENUE VS EXPENSE ESTIMATES
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FY07 REVENUE VS EXPENSE ESTIMATES
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FY07 FUND BALANCE ESTIMATES
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FY07 FUND BALANCE ESTIMATES
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PAST FINANCIALS

• 2001 Working Cash Bond Issued
• Five year spending plan
• Proceeds Used For
• Technology
• Facilities
• 7/1/04 Henry Puffer District 69 Annexed to
  Downers Grove Grade School District 58

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FORECASTING - ASSUMPTIONS

• Revenue - Local
• Levy extensions 4
• Textbook fees 0
• Food sale 0
• Outdoor ed fees 0
• District will continue to transfer interest
  earnings

• Revenue - State
• GSA 0
• Categorical Grants 0
• No new state initiatives
• Revenue - Federal
• IDEA -50 FY08
• Title Grants 0
• Medicaid 0

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FORECASTING - ASSUMPTIONS

• Expenses - Salaries
• Percents based on negotiated agreements and other
  assumptions
• Teachers contract expires 8/26/08
• Custodian/Maint contract expires 6/30/09
• ESP contract expires 6/30/10

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FORECASTING - ASSUMPTIONS

• Expenses - Benefits
• Life Insurance 0
• Medical Insurance 15/fiscal year
• Dental Insurance 1/fiscal year
• Disability Insurance 0
• T.H.I.S. 0

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FORECASTING - ASSUMPTIONS

• Expenses - Purchase Services
• Workers Compensation 15/fiscal year
• Liability Insurance 5/fiscal year
• Food Service CPI or 4/fiscal year
• Transportation 4/fiscal year
• All others 0

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FORECASTING - ASSUMPTIONS

• Expenses - Supplies
• Textbooks 0
• Student Supplies 0
• All others 0

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FORECASTING - ASSUMPTIONS

• Expenses - Capital Outlay
• Technology 0
• Facilities 0
• All other 0

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PAST FINANCIALS ANDFORECASTING
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ADDITIONAL FINANCIAL INFORMATION SOURCES

• Illinois State Board of Education Website
  (ISBE.net)
• General State Aid
• Grants
• Financial Profile
• District 58 Website (dg58.org)
• Annual Budget
• District 58 Financial Workshops
• April Tentative Budget
• August Fiscal Year End and Budget Update
• November Forecasting