Budget%20presentation%20-%202024-25.pdf

Parent document: Regular Meeting and Budget Presentation-06-12-2024.pdf

Text

2024/25 BUDGET

June 12, 2024


Budgeted enrollment

“Core program 1,530 ESE
TK 27 34

FTE

°MP3 Program 215 2 94 190
-RS 53 7
Open Doors 16 cn ED

- Total FTE 1,814 Ei ne

11 80 97

12 18 15
Total Core 1530 1517
MP3 215 215
RS 53 43
Open Doors 16 10

Total District 1814 1785


General Fund

General Fund

Revenue (with $1M Capacity)
Expenditures (with $1 Capacity)

Excess Revenues Over Expenditures

2024/25 Budgeted Beginning Fund Balance
Change in Fund Balance

2024/25 Budgeted Ending Fund Balance

$34,897,400

$34,897,400
$0

$2,550,000
$0

$2,550,000


Fund Balance Breakdown

Amount Description Notes
$150,000 Restricted for LAP, TK, FS $50K each
$70,000 Committed Other Purposes Compensated absences

and curriculum

$300,000 Assigned Contingencies Contingencies (i.e. major
equipment repair/replace)

$68,000 Assigned to other Purposes Building carryover,
principal PD carryover

$1,925,000 Unassigned MFBP Minimum Fund Balance
Policy at 5.5%
$37,000 Unassigned Fund Balance Unassigned Fund Balance

$2,550,000 Total


Revenue Summary

Title 2024/25 Budget | 2023/24 Budget | Increase/
Decrease

Local Prop. Tax ¢5 436,061 $4,498,951 $637,110
Apportionment —_¢49 984,422 $17,716,135 $1,368,287
SPED Apportion $363,898 $339,613 $24,285
State SPED $3,111,470 $2,607,414 $504,056
Federal SPED $356,566 $348,310 $8,256
Title | $463,500 $403,116 $60,384
Food Service $690,300 $609,000 $81,300
LAP $825,272 $493,633 $331,639
Transportation $1,319,193 $1,183,581 $135,612
Tech Levy $892 566 $719,748 $172,818
Total General

Fund $34,897,400 $31,310,441 $3,586,959


——————
Expenditures

Goals of budgeting team:

1) Reduce budget by $2 million.
2) Maintain our permanent staff.

Method:

The ability to maintain our staff was dependent on our ability to use existing
staff to support building students and staff after a resignation or planned
Leave of Absence. The following defines the actions that were taken in
accomplishing this goal:

Transfer — transferred from a different building.

Shift — change teaching assignment in the same building.

As a budget team, we analyzed each vacancy and new position to determine if
we could move to hire that position or if we could fill that position from within.
The assistant principal position at the high school is an example of this, however
there were also NEW positions that the team chose not to move forward with.
This is not designed to be an all inclusive list of steps that were taken during the
process to balance the budget.


——————
Expenditures

Leadership:
e Building Administrator changes: Following the resignation of MHS
Principal. The vacancy at MHS was supported by transferring:
o IRE MTSS Coordinator transferred to Assistant Principal at
MMS
o MMS Assistant Principal transferred to Assistant Principal at
MHS
e Director changes
o Athletic Director added additional role of .2 Social Studies
teacher at MHS (1 class each semester)
o Director of Maintenance and Facilities added additional role
of District Project Manager
o Director of Food and Nutrition added additional role of district
Custodian Supervisor


Expenditures

Teaching and Learning: District wide use of endorsements to fill
vacancies and changes in how we utilize categorical funding sources.
e lrene Reither Elementary
o Leave of Absence for a Counselor
=" Not replacing for the 2024-25 school year: A counselor
from MMS and our Mental Health Coordinator will team to
support students and staff.
= Transferred a Spanish Teacher from MHS to IRE to fillas a
Multilingual Specialist and support students and staff

e Meridian Middle School
o Resignations at MMS - Brent Clark (Math) Courtney Price
(ELA)
= MHS ELA teacher transferred to MMS to teach ELA.
= MMS Science teacher shifted to MMS Math
= MMS Leave Replacement teacher shifted to MMS Science


——————
Expenditures

Teaching and Learning: District wide use of endorsements to fill
vacancies and changes in how we utilize categorical funding sources.
e Meridian High School
o Resignations at MHS —- Ryan Killian (SS) and .4 Leave
Replacement CTE Teacher
= MMS Spanish Teacher transferred to MHS as Spanish
Teacher
= .5 MMS Reading Teacher increased to a 1.0 to continue
supporting Meridian Middle School and Meridian High
School
= Post fora 1.0 ELA and Social Studies endorsed teacher at
MHS to support students and staff.

Three (3) Instructional Paraeducators funded by the Learning
Assistance Program (LAP) transferred from MHS to unfilled positions
at IRE where they will support students and staff.


Expenditures

MSOC:
e MSOCs adjusted to match the current level of spending.

e Special education MSOC increased for:

e Out of state student placement $235,000

e Additional Whatcom Discovery student placement slot $85K

e Note: Special Education Expenditures exceed resources by
S840K. Revenue $3.48M, Budgeted Expense $4.32M

e Based on the current post-budget spending habits and additions to
salaries and benefits; it is crucial we develop procedures to stay in
alignment with budgeted expenditures to avoid going into binding
conditions.

e The executive team will be working through post-budget
addition procedures. Once procedures have been agreed upon
and developed, we will share them with the board.

e As part of the procedures, Daniel foresees providing
additional information to the board during his monthly
finance reports.

e Daniel is developing additional tracking sheets, and it
may be beneficial to periodically share some of this
information with the board.


Legislative Required — MSOC Disclosure

Total Basic Education MSOC Funding $2,295,381
Provided by the State

Total Basic Education MSOC Budgeted $4,069,523
Difference ($1,774,142)

MSOCs are a necessary means in maintaining district operations
and help to progress student achievement.


ee
ASB Fund

ASB Fund

Revenue $322,730
Expenditures $306,486

Excess Revenue Over Expenditures $16,244

2024/25 Beginning Fund Balance $200,000
Change in Fund Balance $16,244
2023/24 Ending Fund Balance $216,244

Beg Fund Bal. + Revenue — Expense = End Fund Bal.
>-MHS $120K + $273K - $241K ~ $152K
>-MMS $80K + $49K - $65K ~ $64K


a
Debt Service Fund

Debt Service Fund

Revenue $1,278,428
Expenditures $1,293,800
Excess Revenues Over Expenditures ($15,371)
2024/25 Beginning Fund Balance $880,000
Change in Fund Balance ($15,371)

2024/25 Ending Fund Balance $864,628


—————ee
Capital Projects Fund

Capital Projects Fund

Revenue $10,992,566
Expenditures $10,017,882
Other Financing Uses — Transfers Out $974,685
Excess Revenues Over Expenditures $0

2024/25 Beginning Fund Balance $775,000

Change in Fund Balance $0

2024/25 Ending Fund Balance $774,999
Projects

Whatcom Early Learning Center $12M

Whatcom County Skills Center — $60M

Operations & WCSC Classrooms - $2.95M — Project budgeted in 24/25
MHS Septic Project - $550K

Capacity for District Works Projects $500K

Technology Levy - $892K

Project Management - $82K

Investment Earnings and SEPA Mitigation Fees - $100K


—————ee
Capital Projects Fund

Whatcom Early Learning Center

Project amount 24/25 Revenue 25/26 Revenue 26/27 Revenue
WELC Revenue $ 12,000,000 25% 65% 10%
Local $ 5,000,000 $ 1,250,000 $ 3,250,000 §$ 500,000
State $ 3,000,000 $ 750,000 $ 1,950,000 $ 300,000
Federal $ 4,000,000 $ 1,000,000 $ 2,600,000 §$ 400,000
Total $ 12,000,000 §$ 3,000,000 §$ 7,800,000 $ 1,200,000
24/25 Expenditures 25/26 Expenditures 26/27 Expenditures
WELC Expense $ 12,000,000 $ 3,000,000 §$ 7,800,000 $ 1,200,000
Whatcom County Skills Center
Projectamount 24/25 Revenue 25/26 Revenue 26/27 Revenue 27/28 Revenue

WCSC Revenue $ _ 60,000,000 5% 10% 20% 65%
Local $ - § - § - § -
State $ 60,000,000 $ 3,000,000 $ 6,000,000 $ 12,000,000 $ 39,000,000
Federal $ - § - § - § -
Total $ 60,000,000 $ 3,000,000 $ 6,000,000 $ 12,000,000 $ 39,000,000

24/25 Expenditures 25/26 Expenditures 26/27 Expenditures 2/7/28 Expenditures
WCSC Expense $ 3,000,000 §$ 6,000,000 §$ 12,000,000 $ 39,000,000


—————ee
Transportation Vehicle Fund

Transportation Vehicle Fund

Revenue $293,544
Expenditures $600,000

Excess Revenues Over Expenditures ($306,456)

2024/25 Beginning Fund Balance $440,000
Change in Fund Balance ($306,456)

2024/25 Ending Fund Balance $133,544


—————ee
F-195F — Four Year Projected Budget

- F-195F — Summary of General Fund Budget

> F-195F — Summary of ASB Budget

> F-195F — Summary of Debt Service Fund Budget

> F-195F — Summary of Capital Project's Fund Budget

- F-195F - Summary of Transportation Vehicle Fund Budget

- Go to F-195F document


—————ee
Wrap Up

- Questions