• Sumner-Bonney Lake School District
    Budget Summary  |  Fiscal Year 2019-2020

     

    Superintendent’s Message

    This executive budget summary was created to translate complex budget information into a concise and easy-to-read document. The budgeted expenditures and revenues for the 2019-2020 school year are presented to communicate the District’s financial priorities and plans. Through the various tables, charts, and graphs, you’ll learn about the source of our financial resources and our plan for expenditures.

    Throughout the budgetary process in the Sumner-Bonney Lake School District, student achievement and safety remain our top priorities.  As a result, the 2019-2020 budget continues to reflect the District’s strategic plan, Vision 2020, of directing resources to the classroom and increasing student performance, improving fiscal accountability, continuing to increase the use of technology, continuing improvements to our facilities, and maintaining our schools as safe learning environments.

    Due to the statewide implementation of a new employee benefits program, the District has budgeted an additional $2.2 million for 2019-2020.

    I look forward to a successful 2019-20 school year, providing a great place to learn for every student, every day, in every classroom.

    Sincerely,
    Laurie Dent, Ph.D.
    Superintendent

     



    Budget Basics

    • Annual financial plan of the school district which aligns with district and community goals.
    • Fiscal year for the budget begins September 1st and ends Augusts 31st of the following calendar year.
    • Balances expenditures against revenues to ensure district is spending responsibly and maintaining a positive fund balance.

    Budget Process Summary

    The General Fund budget is driven by student enrollment, which determines revenue estimates and staffing allocations.  The budget team then meets with building and department heads to determine final staffing and operating costs as well as expected state and federal grant awards.  The minor fund budgets (Capital Projects, Debt Service, ASB, and Transportation Vehicle) are added to the full district budget.  The budgets are balanced, reviewed and submitted to the school board for approval and final adoption.


     

    General Fund: Student Enrollment

    The General Fund is the operating fund of the district, used for all instructional and regular operations of the school district.

     

    17-18

    18-19

    19-20

    Student FTE Enrollment Counts

    Actual

    Actual

    Projected

         Kindergarten

    687.62

    707.02

    680.00

         Grade 1

    700.22

    707.21

    714.00

         Grade 2

    680.87

    719.94

    720.00

         Grade 3

    744.70

    702.30

    724.00

         Grade 4

    779.00

    761.69

    724.00

         Grade 5

    725.84

    802.00

    790.00

         Grade 6

    734.26

    771.42

    808.00

         Grade 7

    675.37

    732.92

    775.00

         Grade 8

    698.73

    704.49

    742.00

         Grade 9

    747.58

    754.33

    785.00

         Grade 10

    763.02

    759.66

    752.00

         Grade 11 (Excluding Running Start)

    637.80

    595.19

    617.00

         Grade 12 (Excluding Running Start)

    632.37

    596.45

    589.00

         ALE Enrollment

      34.55

      31.94

      30.00

         Subtotal

    9,241.93

    9,346.56

    9,450.00

         Running Start

    276.70

    294.86

    306.00

         Total K-12

    9,518.63

    9,641.42

    9,756.00

     

     


     

    General Fund: Staffing Allocations

        

    17-18

    18-19

    19-20

    Staffing FTE Counts

    Actual

    Budget

    Projected

         Certificated FTE

    657.487

    667.350

    656.101

         Certificated FTE

    422.325

    447.747

    388.163

    Classified FTE

    1,079.812

    1,115.097

    1,044.264

    • New staffing models for both Certificated and Classified Employees were created for the 2019-2020 budget process to ensure appropriate staffing levels.
    • Certificated staffing was increased for Grades K-3 to meet state compliance requirements of 17:1 ratio.
    • New Position Control System has been put in place to ensure any new positions are reviewed and approved prior to hiring.


    Levy & Bond
    Bond is for Building and Levy is for Learning

     Levy & Bond chart

     


     

    General Fund: Revenues
    Where does the money come from?

     

    Where money comes from pie chart

     

    Revenue Funding Source

     

    19-20 Projected

     

    19-20 %

         State Apportionment

           $92,947,456

      63.5%

         State Grants

         20,839,104

        14.2

         Levy

         18,440,124

        12.6

         Federal Grants

            7,333,263

    5.0

         Local Support

            5,120,000

    3.5

         Other Sources

            1,647,580

    1.1

    Total Projected Revenue

    $146,327,527

    100.0%

     


    General Fund: Expenditures
    Where does the money go?

     

     Where money goes pie chart

    Expenditures by Object Code

    19-20 Projected

    19-20 %

         Certificated Salaries

          $63,284,811

         43.5%

         Classified Salaries

            25,048,666

         17.2

         Employee Benefits

            36,640,357

         25.2

         Supplies & Materials

              7,382,924

           5.1

         Contractual Services

            12,486,328

           8.6

         Travel

                  172,321

           0.1

         Capital Outlay

                  442,500

           0.3

    Total Projected Expenditures

      $145,457,907

    100.0%

     

     


     

    General Fund: Classroom Impact
    How much money impacts the classroom?

     

    Classroom Impact pie chart

     

     

    Budget Summary

    Beginning Fund Balance 9/1/2019                       $               5,500,000

    Revenue                                                                             $          146,327,527

    Total Available Resources                                         $          151,827,527     

    Expenditures                                                                   $          145,457,907

    Ending Fund Balance 8/31/2020                           $             6,369,620

     

     



    Capital Projects Fund

    The Capital Projects Fund is utilized for the purchase of land, the construction and equipping of new facilities, and the installation of major systems and major facility renovations.

    Budget Summary

    Beginning Fund Balance 9/1/2019                              $    62,501,496

    REVENUES:

         Technology Levy                                   $    5,465,793

         Erate                                                         $        202,018

         State Match                                             $    8,700,000

         Impact Fees                                            $        772,000

         Investment Earnings                           $        800,000

         Sunset Stadium Naming Rights        $          32,400

     

    Total Revenues                                                                     $    15,972,211

                                                                                       

    Total Available Resources                                               $    78,473,707

    EXPENDITURES:

         Technology Levy                                   $    2,600,000

         Mountain View Middle School          $  15,000,000

         Emerald Hills Replacement               $    2,600,000

         Sumner High School Expansion       $  45,000,000

         Other Expenditures                             $     6,268,899

    Total Expenditures                                                              $    71,468,899

    Ending Fund Balance 8/31/2020                                  $     7,004,808

     



    Debt Service Fund

    The Debt Service Fund is used to account for the payment of principal and interest on outstanding bonds and notes, as well as other noncurrent long-term liabilities.

    Budget Summary

    Beginning Fund Balance 9/1/2019                              $       9,249,783

    Revenue                                                                                    $    21,143,011

    Total Available Resources                                                $    30,392,794     

    Expenditures                                                                          $    19,950,556

    Ending Fund Balance 8/31/2020                                  $   10,442,238

     



    Associated Student Body Fund

    The Associated Student Body Fund is for the extracurricular benefit of the students.  Under adult supervision, the student government determines the fund budget and which activities will be funded.  Final approval of ASB activities rest with the board of directors.

    Budget Summary

    Beginning Fund Balance 9/1/2019                                  $      780,500

    Revenue                                                                                        $   2,528,194

    Total Available Resources                                                    $   3,308,694    

    Expenditures                                                                              $   2,391,777

    Ending Fund Balance 8/31/2020                                      $     916,917

     


     

    Transportation Vehicle Fund

    The Transportation Vehicle Fund is used only for the purchase of yellow school buses for student transportation to and from school.

    Budget Summary

    Beginning Fund Balance 9/1/2019                                    $    395,484

    Revenue                                                                                          $    331,021

    Total Available Resources                                                      $    726,505

    Expenditures:

         A34G 30 Passenger Bus X 1                      $     85,000                                                                         

         D84D 84 Passenger Bus X 2                     $    300,000

     

    Total Expenditures                                                                   $    385,000

    Ending Fund Balance 8/31/2020                                      $    341,505

     

    Bus Count & Depreciation for 2019-2020

     
    • 3 Additional Bus Purchases – Total Buses on the Road Will Increase to 84 Buses.
    • 4 Buses to be Fully Depreciated – Total Buses on the Depreciation Schedule Will Net to 40 Buses.