Sweetwater County School District #1 Fiscal Update

Sweetwater County School District #1 Fiscal Update Scot Duncan, Chief Financial Officer

Agenda item 8-b page 1

Vision Statement: As an innovative district, united with our community, we empower and inspire all students to academic excellence in pursuit of their interests and passions. Mission Statement: To provide a quality education for all students. We will accomplish this by: • Making students our first priority. • Utilizing community partnerships. • Promoting professional excellence. • Being a board committed to excellence in education. • Providing a safe, orderly and efficient environment.

Agenda item 8-b page 2

Fiscal Update November 14, 2016

Part 1: Budget Projec:on Part 2: ADM Part 3: Health Insurance Plan

Vision Statement: As an innovative district, united with our community, we empower and inspire all students to academic excellence in pursuit of their interests and passions. Agenda item 8-b page 3

Part #1 Budget Projec:on

Agenda item 8-b page 4

Budget Projec3on General Fund $100,000,000 $95,000,000

Funding Gap Funding Gap

$90,000,000

Funding Gap

$85,000,000 $80,000,000 $75,000,000 $70,000,000

FY 2016-17 Revenues

FY 2017-18 Expenditures

FY 2018-19

FY 2019-20

Cash & Revenues Available for Budget

Agenda item 8-b page 5

Part #2 ADM

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ADM 5,900 5,800 5,700 5,600 5,500 5,400 5,300 5,200

2014

2015

2016

Fall Enrollment

2017

2018 2019 2020 Projected Projected Projected

ADM

Funded ADM

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Part #3

Health Insurance Plan

Agenda item 8-b page 8

Health Insurance Plan Net Cost

FYE 2013

FYE 2014

FYE 2015

FYE 2016

FYE 2017 PROJECTED

Agenda item 8-b page 9

FYE 2018 PROJECTED

FYE 2019 PROJECTED

FYE 2020 PROJECTED

Ques3ons?

Agenda item 8-b page 10