Freeman School District 2019 2020 Budget Budget Purpose

Freeman School District 2019 -2020 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 • 2% Funded Salary Increase • NEW Class Size Compliance for 19 -20 – No Class Size Compliance for 18 -19 • MSOC Increase: $1, 268 to $1, 293 – Approximately $6, 000 increase in revenue • Retirement rate decrease approximately. 29% – TRS 15. 41% to 15. 51% – SERS 13. 58% to 13. 19% • Insurance allocation increased approximately 18% from $843. 97 to $973 (Sept – Dec), $994 (Jan – June), $1056 (July and thereafter).

General Fund Summary • Enrollment of 866. 71 FTE (including ALE & Running Start) • Projects an ending fund balance of 3. 76% of operating Expenses • Approximately 79. 87% of total budget relates to salaries and benefits

Enrollment By Grade 845 FTE 19. 63 FTE Running Start 2 FTE SOARS 866. 63 Total Enrollment

Freeman School District Total Enrollment 896 886 872 870 869 866 20 19 -2 0 9 -1 18 20 8 -1 17 20 7 -1 16 20 6 -1 15 20 14 -1 5 865 20 4 -1 13 20 20 12 -1 3 865

Freeman School District Special Education Enrollment 120 117 112 114 108 100 0 19 -2 20 18 -1 9 98 20 8 17 -1 20 7 16 -1 20 6 15 -1 20 5 14 -1 20 4 13 -1 20 20 12 -1 3 100

Freeman School District Ending Fund Balance $ 854, 533 $ 605, 136$ 584, 298 $ 530, 818 $ 458, 712 $ 496, 893 $ 388, 140 20 0 -2 19 18 -1 9 8 -1 17 20 7 -1 16 20 6 -1 15 20 5 -1 14 20 4 -1 13 20 20 12 -1 3 2 -1 11 20 1 -1 10 20 09 -1 0 $ 409, 356 20 $ 458, 558 $ 429, 465 20 $ 474, 684

Freeman School District 19 -20 Estimated Revenues State Revenue, $ 10, 285, 549 Property Taxes, $ 1, 045, 385 Federal, $ 391, 125 Other Local Revenue, $ 449, 500

Freeman School District 2019 -20 Estimated Expenditure by Object Contractual Services $ 1, 654, 473 Travel 19, 224 $ 31, 209 Capital$ Outlay Supplies $ 747, 455 Benefits $ 3, 092, 178 Salaries $ 6, 635, 252

Freeman School District 2019 -2020 Estimated Expenditure by Program Other District Support $ 1, 492, 566 Pupil Transportation $ 723, 047 School Food Service $ 366, 462 Community Services $ 36, 538 Basic Education $ 6, 645, 009 Title I, LAP & Grants $ 970, 432 Vocational $ 726, 194 Special Education $ 1, 219, 543

Freeman School District 2019 -20 Staffing Full Time Equivalent 70. 000 Teaching 63. 586 60. 000 50. 000 40. 000 30. 000 20. 000 Other Support 15. 411 Principal's Office 7. 460 10. 000 Teaching Support 5. 247 0. 000 Administration 6. 791

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 2019 -20 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 • $354, 126 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 $11 -12 12 -13 13 -14 14 -15 15 -16 16 -17 17 -18 18 -19 19 -20

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 19 -20 18 -19 17 -18 Expense 16 -17 Revenue 15 -16 14 -15 13 -14 12 -13 11 -12 $- $ 500, 000 $ 1, 500, 000 $ 2, 500, 000 $ 3, 500, 000 $ 4, 500, 000 $ 5, 500, 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 two buses in 20192020

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 $11 -12 12 -13 13 -14 14 -15 15 -16 16 -17 17 -18 18 -19 19 -20

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