Presented by Steve Crouse Senior Analytics Advisor
Author : danika-pritchard | Published Date : 2025-06-23
Description: Presented by Steve Crouse Senior Analytics Advisor February 13 2017 CCSD 146 Tinley Park 2917 Forecast5 Analytics Inc 2 Budgeted Revenues by Source Operating Funds Local Revenue Equalized Assessed Valuation EAV Changes without New
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Transcript:Presented by Steve Crouse Senior Analytics Advisor:
Presented by Steve Crouse Senior Analytics Advisor February 13, 2017 CCSD 146 Tinley Park 2/9/17 Forecast5 Analytics, Inc. 2 Budgeted Revenues by Source: Operating Funds Local Revenue Equalized Assessed Valuation (EAV) – Changes without New Property 2016 Levy – 5.00% growth 2017 Levy – 5.00% growth 2018 Levy – 1.70% growth 2019 Levy – 1.70% growth 2020 Levy – 1.70% growth 2021 Levy – 1.70% growth New Property Assumptions $1,000,000 per year Expiration of TIF in Tax Year 2018 2/9/17 Forecast5 Analytics, Inc. 3 Key Revenue Assumptions Local Revenue Consumer Price Index (CPI) 2014 Levy – 1.5% (actual) 2015 Levy – 0.8% (actual) 2016 Levy – 0.7% (actual) 2017 Levy – 2.1% (actual) 2018 Levy – 1.6% (projected) 2019 Levy – 1.6% (projected) 2020 Levy – 1.6% (projected) 2021 Levy – 1.6% (projected) 2/9/17 Forecast5 Analytics, Inc. 4 Key Revenue Assumptions General State Aid $6,119 foundation level held flat 100% proration for all future years Enrollment Projections Held flat at 2,275 through FY18, increased to 2,386 for Full Day Kindergarten in future years 2/9/17 Forecast5 Analytics, Inc. 5 Key Revenue Assumptions Ed Fund Tuition and Other Local Revenue increased by 2% in future years Transportation Fund State Reimbursement increased by 2% in future years All other revenues held flat 2/9/17 Forecast5 Analytics, Inc. 6 Key Revenue Assumptions 2/9/17 Forecast5 Analytics, Inc. 7 Budgeted Expenses by Object: Operating Funds Salaries per negotiated agreements (tied to CPI) FTE increased in FY19 for Full Day Kindergarten, flat otherwise Health insurance increasing by 5% in future years Dental Insurance increasing by 1% in future years Ed Fund Purchased Services, Supplies, Other Objects, Capital Outlay & Non-Capitalized Equipment increased 1.6% in future years O&M Fund: Purchased Services increased 2% in future years Supplies, Capital Outlay, & Non-Capitalized Equipment increased 1.6% in future years Transportation Fund: Purchased Services, & Supplies increased 2% in future years Capital Projects Fund: $6 Million construction in FY18, $3 million in FY19 for FDK Key Expenditure Assumptions 2/9/17 Forecast5 Analytics, Inc. 8 2/9/17 Forecast5 Analytics, Inc. 9 Aggregate Projections – Operating Funds 2/9/17 Forecast5 Analytics, Inc. 10 Aggregate Projections – Operating Funds 2/9/17 Forecast5 Analytics, Inc. 11 Aggregate Projections – All Funds 2/9/17 Forecast5 Analytics, Inc. 12 Aggregate Projections – All Funds Observations FY17 Budget is the basis of projections Significant legislative unknowns “Grand Bargain” Property Tax Freeze GSA Formula Changes & State Categorical Funding TRS Cost Shift No State Budget
