Freeman School District 2018 2019 Budget Budget Purpose

Freeman School District 2018 -2019 Budget

Budget Purpose • Estimate revenues from all sources • Allocate spending estimates by program • Provides guidance for district fiscal operations for next year • Budget Adoption authorizes a specific spending level

Five Funds • General Fund – Regular Operating Budget • Associated Student Body Fund – Student Activities and Involvement • Debt Service Fund – Revenue from taxes to pay bonds and interest expenses • Capital Projects Fund – Construction and Major Renovations • Transportation Vehicle Fund – Revenue from depreciation pays for buses

GENERAL FUND

Budget Highlights • 1. 9% Funded Salary Increase • No Class Size Compliance for 18 -19 • MSOC Increase: $1, 244 to $1, 268 – Approximately $14, 000 increase in revenue • Retirement rate increase approximately 1% – TRS 15. 20% to 15. 36% – SERS 13. 48% to 13. 55% • Insurance allocation increased 3% from $820 to $843. 97

Freeman School District No. 358 2018 -2019 MSOC Disclosure Combined 1191 MSOC from F-203 Regular Instruction (Column A) $ 964, 669 Grades 9 -12 Additional (Column I) $ 55, 731 * Total MSOC Allocation $ 1, 020, 400 ** Objects of Expenditure from F-195 Totals Prg 01 Prg 02 Prg 03 Prg 97 Object 5 - totals $ 297, 365 $ 202, 765 $ - $ 94, 600 Object 7 - totals $ 836, 699 $ 165, 658 $ 2, 000 $ - $ 669, 041 Object 8 - totals $ 24, 710 $ 13, 250 $ - $ 11, 460 Object 9 - totals $ 3, 900 $ - $ - $ 3, 900 * Total Budgeted 5 -9 Expenditures $ 1, 162, 674 * Difference $ (142, 274) *The aggregate MSOC amounts and the difference between these amounts is to be disclosed as part of the budget hearing. ** To determine which expenditures to include in the calculation, reference the language below from the supplemental budget.

General Fund Summary • Enrollment of 870. 43 FTE (including ALE & Running Start) • Projects an ending fund balance of 4% of operating Expenses • Approximately 80. 23% of total budget relates to salaries and benefits

Enrollment By Grade 835 FTE 30. 43 FTE Running Start 5 FTE SOARS 870. 43 Total Enrollment

Freeman School District Total Enrollment 908. 91 896. 45 886. 39 871. 8 870. 43 869 9 -1 18 20 8 -1 17 20 7 -1 16 20 6 -1 15 20 14 -1 5 865. 2 20 4 -1 13 20 3 -1 12 20 20 11 -1 2 865. 37

Freeman School District Special Education Enrollment 120. 22 113. 56 98 9 17 -1 8 100 20 7 16 -1 20 6 15 -1 20 20 14 -1 5 4 13 -1 20 3 12 -1 20 20 11 -1 2 99. 75 18 -1 117. 33 111. 89 20 114. 33

Freeman School District Ending Fund Balance $ 854, 533 $ 584, 298 $ 605, 136 $ 591, 714 $ 530, 818 $ 474, 684 $ 496, 893 $ 429, 465 9 -1 18 20 8 -1 17 20 20 16 -1 7 6 -1 15 20 5 -1 14 20 4 -1 13 20 -1 3 $ 388, 140 12 20 2 -1 11 20 1 -1 10 20 0 -1 09 20 20 08 -0 9 $ 409, 356 $ 458, 712

Freeman School District 2018 -19 Estimated Revenues State Revenue, $ 9, 429, 500 Property Taxes, $ 1, 221, 388 Other Local Revenue, $ 439, 500 Federal, $ 388, 814

Freeman School District 2018 -19 Estimated Expenditure by Object Contractual Services $ 1, 491, 930 Travel 34, 725 $ 17, 150 Capital$ Outlay Supplies $ 708, 656 Benefits $ 2, 740, 417 Salaries $ 6, 401, 633

Freeman School District 2018 -19 Estimated Expenditure by Program Other District Support $ 1, 663, 288 Pupil Transportation $ 670, 314 School Food Service $ 391, 976 Basic Education $ 6, 155, 835 Community Services $ 48, 272 Title I, LAP & Grants $ 661, 793 Vocational $ 590, 925 Special Education $ 1, 212, 108

Freeman School District 2018 -19 Staffing Full Time Equivalent 70. 000 Teaching 64. 111 60. 000 50. 000 40. 000 30. 000 20. 000 Other Support 17. 328 10. 000 Principal's Office 7. 373 Teaching Support 5. 366 0. 000 Administration 6. 759

ASSOCIATED STUDENT BODY FUND

ASB Summary • Includes Accounts for High School Middle School Activities, Sports and Clubs • Total revenues and expenditures are estimated at $350, 00

Freeman School District 2018 -19 ASB - By Club Private Moneys $ 5, 000 Clubs $ 65, 000 Classes $ 25, 000 Atheltics $ 150, 000 General Student Body $ 105, 000 $- $ 20, 000 $ 40, 000 $ 60, 000 $ 80, 000 $ 100, 000 $ 120, 000 $ 140, 000 $ 160, 000

DEBT SERVICE

Debt Service Summary • Bond Principal and Interest Payments are paid from tax revenue • $272, 428 transferred in from the General Fund and Capital Projects Fund to pay the LGO Bond payments

$ 2, 000 Freeman School District Local Taxes vs. Bond Expenditures $ 1, 800, 000 $ 1, 600, 000 $ 1, 400, 000 $ 1, 200, 000 $ 1, 000 Local Taxes $ 800, 000 Bond Expenditures $ 600, 000 $ 400, 000 $ 200, 000 $10 -11 11 -12 12 -13 13 -14 14 -15 15 -16 16 -17 17 -18 18 -19

Capital Projects Fund

Capital Projects Summary This Budget Gives Us The Capacity To Spend The Remaining Funds If The Board Desires

Freeman School District Capital Projects Revenue vs. Expense 18 -19 17 -18 16 -17 Expense 15 -16 Revenue 14 -15 13 -14 12 -13 11 -12 10 -11 $- $ 2, 000 $ 4, 000 $ 6, 000 $ 8, 000 $ 10, 000 $ 12, 000

Transportation Vehicle Fund

Transportation Summary • The state continues to fund depreciation at the end of year rather than the beginning. • Plan is to purchase a single bus in 20182019

Freeman School District Transportation Vehicle Fund Trend $ 350, 000. 00 $ 300, 000. 00 $ 250, 000. 00 $ 200, 000. 00 Revenue $ 150, 000. 00 Expense $ 100, 000. 00 $ 50, 000. 00 $10 -11 11 -12 12 -13 13 -14 14 -15 15 -16 16 -17 17 -18 18 -19

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