Galena Park Independent School District 2019-2020 Budget 14705 Woodforest Blvd. Houston, TX 77015 Harris County i www.galenaparkisd.com Table of Contents Executive Summary ............................................................................................................................1 Principal Officials ....................................................................................................................................... 2 Mission Statement .................................................................................................................................... 3 Motto ........................................................................................................................................................ 3 District Improvement Plan ........................................................................................................................ 3 Association of School Business Officials International Meritorious Budget Award ................................. 4 Budget Information ................................................................................................................................... 5 Significant Budget changes for 2019-20 ............................................................................................... 7 Significant Budget Action Items for 2019-20 and 2020-21 Biennium .................................................. 9 Budget Overview and Highlights ......................................................................................................... 13 General Fund ................................................................................................................................... 14 Revenues ..................................................................................................................................... 14 Property Values ....................................................................................................................... 15 Tax Rate ................................................................................................................................... 15 Impact on Taxpayers ............................................................................................................... 16 Foundation School Program.................................................................................................... 17 Expenditures ............................................................................................................................... 18 Total Staff (FTE) Counts by Year .............................................................................................. 18 Six Year Expenditure Comparison ........................................................................................... 19 Debt Service .................................................................................................................................... 21 Revenues ..................................................................................................................................... 21 Expenditures ............................................................................................................................... 22 Food Service .................................................................................................................................... 23 Revenues ..................................................................................................................................... 23 Expenditures ............................................................................................................................... 24 Capital Projects ............................................................................................................................... 25 Revenues ..................................................................................................................................... 25 Expenditures ............................................................................................................................... 25 Trends and Forecasts .......................................................................................................................... 27 Public Education Information Management System ...................................................................... 27 i Budget Forecast .............................................................................................................................. 29 Changes in Debt .............................................................................................................................. 30 Student Enrollment ......................................................................................................................... 31 Economic Disadvantaged ................................................................................................................ 33 Organizational Section ..................................................................................................................... 35 Board of Trustees .................................................................................................................................... 36 Organizational Chart ............................................................................................................................... 36 Campus Leadership ................................................................................................................................. 40 District Improvement Plan ...................................................................................................................... 46 Relevant Financial Policies ...................................................................................................................... 50 Budget ................................................................................................................................................. 50 Fund Balance ....................................................................................................................................... 50 Financial Planning ............................................................................................................................... 50 Cash Deposits ...................................................................................................................................... 51 Investment .......................................................................................................................................... 51 Classification of Revenues and Expenditures ......................................................................................... 52 Fund Accounting ................................................................................................................................. 53 General Fund ................................................................................................................................... 53 Special Revenue Funds .................................................................................................................... 54 Food Service Fund ........................................................................................................................... 54 Debt Service Fund ........................................................................................................................... 54 Capital Projects Fund ...................................................................................................................... 54 Function .............................................................................................................................................. 54 Budget Development Process ................................................................................................................. 58 Budget Planning Timeline ....................................................................................................................... 60 Capital Projects ................................................................................................................................... 61 Budget Administration and Management Process ................................................................................. 61 Procurement ....................................................................................................................................... 61 Monitoring and Amending the Budget ............................................................................................... 62 Reporting............................................................................................................................................. 62 Key Revenues and Expenditures ............................................................................................................. 63 General Fund ....................................................................................................................................... 63 Debt Service ........................................................................................................................................ 63 ii Food Service ........................................................................................................................................ 64 Financial Section .............................................................................................................................. 65 Overview and Highlights