Budget Summary

Budget Summary: Fiscal Year 2022-23

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 1^st and ends Augusts 31^st 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

General Fund: Revenues Where does the money come from?     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?   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?

 

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.