BUDGET PRESENTATION�FY 2024

CENTRAL CSD

ENROLLMENT

• We’ll first look at the categories of enrollment as they impact our district.
• Our Headcount enrollment is the number of resident students. This number does not take into account the impact of open enrollment but serves as the primary driver of the amount of state funding we receive.
• Special Education Weightings are the additional amount we get to “count” a student for purposes of the state funding formula. An increase in weightings means more funds to support our students with special needs.

ENROLLMENT

• Supplementary Weightings are other subgroups of students that the funding formula allots additional funds. This can include English Language Learners, sharing, or reorganization incentives.
• Preschool Budget Enrollment is the number of students we count for purposes of 4 year old preschool. This number represents 50 percent of the actual number of children served (the state only provides 50% of the cost of K-12 students).
• Lets look at each of these in turn.

ENROLLMENT

SPECIAL EDUCATION WEIGHTINGS

SUPPLEMENTARY WEIGHTINGS

TOTAL WEIGHTED ENROLLMENT

PRESCHOOL ENROLLMENT

SPENDING AUTHORITY

• The state funding formula provides us “spending authority”. We are limited in total spending by the number of students we have times what each student is worth (as set by the General Assembly).
• There are a number of components of our General Fund spending authority that are set by the state, these include the following:

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SOURCES OF SPENDING AUTHORITY

• Regular Program District Cost (RPDC)
• Budget Guarantee
• RPDC with Budget Guarantee
• Supplementary Weighting District Cost
• Special Education District Cost
• Teacher Salary Supplement District Cost
• Professional Development District Cost
• Early Intervention District Cost
• Teacher Leadership Compensation District Cost
• AEA District Cost
• Dropout Prevention District Cost

= Combined District Cost

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REGULAR PROGRAM DISTRICT COST (RPDC)

SUPPLEMENTARY WEIGHTING DISTRICT COST�

SPECIAL EDUCATION DISTRICT COST�

TEACHER SALARY SUPPLEMENT DISTRICT COST�

PROFESSIONAL DEVELOPMENT DISTRICT COST�

EARLY INTERVENTION DISTRICT COST�

TEACHER LEADERSHIP COMPENSATION DISTRICT COST

DROPOUT PREVENTION DISTRICT COST

COMBINED DISTRICT COST

FINAL COMMENTS ON SPENDING AUTHORITY

The district faces the following challenges:

• Base projection model shows a $60,136 decrease in spending authority FY 2023, then increasing afterwards. Spending authority remains strong.
• Inflation- competitive wages
• Enrollment
• Staffing

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PROPERTY TAXES FOR THE GENERAL FUND

• The funding per student is paid for by a combination of local property tax dollars and funds from the state (“state aid”).
• Statewide, property taxes make up about one third of total funding in our General Fund (where we pay for teachers and most of our non-facility related programs).
• The mix of property tax and state aid is determined by formula, a district with lower valuation will have higher tax rates than a district with more property value.

GENERAL FUND PROPERTY TAX COMPONENTS

• There are 5 components of a school district’s General Fund property tax rate. They include:

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• Uniform Levy
• Additional Levy
• Instructional Support Levy (optional)
• Cash Reserve Levy – SBRC (only if fund balance < 20%)
• Cash Reserve Levy – Other (only if fund balance < 20%)

= Total General Fund Levy

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UNIFORM LEVY PROPERTY TAXES

ADDITIONAL LEVY PROPERTY TAXES

CASH RESERVE LEVY PROPERTY TAXES - SBRC

TOTAL GENERAL FUND LEVY PROPERTY TAXES

GENERAL FUND PROPERTY TAX RATE

LEVIES OUTSIDE OF THE GENERAL FUND

• There are certain funding sources available to districts outside of the General Fund.
• The maximum amounts and permissible uses are governed by the Code of Iowa.
• The following charts show the expected revenue and expenditure totals for each fund as well as the impact on the fund balance.
• A summary chart of the property tax rate for these levies is contained at the end of this section.

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NON GENERAL FUND LEVIES

• Management Fund
• PPEL Fund
• PERL Fund
• Activity Fund
• Capital Projects Fund
• Debt Service Funds
• Nutrition Funds
• Sales Tax Funds

MANAGEMENT FUND

PHYSICAL PLANT & EQUIPMENT LEVY (PPEL) FUND

* We could explore extending PPEL this upcoming election. Expires 2026

ACTIVITY FUND

DEBT SERVICE FUND

*General Obligation Bond schedule runs through 2037.

NUTRITION FUND

SALES TAX FUND

NON GENERAL FUND PROPERTY TAX RATES

TOTAL PROPERTY TAX RATE

CERTIFIED BUDGET EXPENDITURES AND TOTAL PROPERTY TAX RATE

• Listed below are the amounts the district is certifying for expenditures.
• These amounts represent all funds combined.
• These are important because the district may not exceed the published amounts without amending the budget.
• The total property tax rate is included here as well.
• Additional detail is contained in the published budget.

QUESTIONS AND CONTACT

• Thanks for taking the time to understand the district’s FY 2024 budget.
• Please let us know if you have any questions or comments.
• Contact info:
• Nick Trenkamp, Superintendent
• Joyce Piorkowski, Business Manager
• Allison Walch, Business Manager