Agenda�Financial Advisory Committee��9-27-21
Superintendent
CFO
Curriculum
Student Services
Human Resources
Technology-Innovation
Business Services
Student Transportation
Strategic Plan
Teaching-Learning
Developing Whole Child
Finance-Facilities
Communications
TRANSPARENCY
Brunswick CSD Snapshot
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Brunswick City School District
7,800
7,700
7,600
7,500
7,400
7,300
7,200
7,100
7,000
6,900
6,800
6,700
6,600
6,500
6,400
6,300
6,200
6,100
6,000
7,104
7,046
6,896
6,823
6,876
6,966
6,916
6,813
6,747
6,824
6,850
6,966
6,945
6,979
6,985
7,139
7,209
7,211
7,289
7,441
7,473
7,511
7,625
7,612
7,643
7,647
7,663
7,562
7,475
7,432
7,390
7,214
7,131
7,019
7,104
Enrollment
Average Daily Membership (ADM) FY 1987 - FY 2021
Source: Ohio Department of Education
The Cash Balance Analysis by fiscal year provides total expenditures, ending cash balance, cash as a percentage of expenditures and the five-year average of cash as a percentage of expenditures for each reported district. Cash as a percentage of expenditures is a measure of a district’s financial solvency. The amount of cash “savings” a district has may allow a district to more easily manage unplanned events or a short-term revenue loss. The nature of levy cycles may lead to high cash balances in some years and low cash balances in other years. Therefore, a five-year average also is displayed.
Cash Balance Comparison
ALTERNATIVE FUNDING SOURCES
MAJOR ALTERNATIVE FUNDING SOURCES
ESSER Aid�Purpose: Address the impact of Coronavirus� �
ADDRESS HEALTH/SAFETY PROTOCOLS
Health/Safety Materials
Health/Safety Equipment
Air Quality Needs
ADDRESS INSTRUCTIONAL NEEDS
Learning Loss Initiatives
Address Learning Gaps
Assessments
ADDRESS TECHNOLOGICAL NEEDS
Student Devices to facilitate remote/online learning
MAINTAIN OPERATIONS-CONTINUITY OF SERVICES
Food Service
Staffing: Sped/Counseling/Instruction
ESSER Funds
Round 1 $466k
Round 2 $1.8m
Round 3 $4.2m
REVENUE
Brunswick CSD
Source of Revenue by Fund Type FY 2021 Total = $101,093,069
General Fund 80.04%
Debt Service 4.38%
Capital Projects 9.33%
Enterprise Funds 1.59%
Internal Service
.05%
Fiduciary Funds 0.11%
Special Revenue
.56%
State Grants 1.01%
Federal Grants 2.92%
Brunswick City Schools
Real Estate Tax 49.53%
Local Revenue 3.32%
Basic State Aid 36.64%
Other State Aid 7.96%
Federal & Other Sources 0.52%
Actual Operating Revenue by Source FY 2021 Total = $73,598,171
Excludes interfund transfer 001-016
Personal Tangible Tax 2.03%
H.B. 110- NEW FUNDING FORMULA
-H.B. 110 modifies current funding formula
-New base-cost model (relies on staff/student ratios; comp data)
-Model recognizes variables: Teachers, Supports, Leadership, Accountability, Operations, Extracurriculars
-Equalizing mechanism (higher poverty district more State aid)
-Formula based 6-year phase-in (FY22/23 no certainty beyond)
-Students funded where educated (School Choice, Scholarships)
-Large down-turn in revenue to account for students counted
Major Change…….
School Foundation Aid Payments- FY22
School Foundation Aid Comparison
FY21 Foundation Aid
Community Schools-Scholarships
Categorical Aid
Basic Aid
FY 22 Foundation Aid
Categorical Aid
Basic Aid
Expenses
Brunswick City Schools
Salaries & Wages 58.30%
Payroll Taxes-Insurance 27.51%
Purchased Services 9.73%
Supplies, Materials & Equipment
2.49%
Other Expenditures 1.97%
Actual Operating Expenditures by Object FY 2021 Total = $71,059,988
Excludes the interfund transfer 001-016
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Brunswick City Schools
Support Services 37.42%
Extracurricular Activities 1.76%
Debt Service & Transfers 0.71%
Actual Operating Expenditures by Function FY 2021 Total = $71,059,988
Excludes interfund transfer 001-016
Instruction 60.11%
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Questions?