BRYSON ISD 2014-2015 Proposed Budget and Tax Rate Prepared by David Stout, Bryson ISD Superintendent

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    02-Jan-2016

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  • BRYSON ISD2014-2015Proposed Budget and Tax RatePrepared by David Stout, Bryson ISD Superintendent

  • District FundingState Aid Local TaxesFederal Funds

  • State Aid HistoryTarget Revenue system locked in funding at 2005-2006 levels.Legislature cut local property tax rates by 33% from cap of $1.50 to $1.00Loss of local property tax revenue from budget revenue has never been replaced in state aid since the property taxes were cut by 33%.Legislature cut additional state funding in 2011 and we are still not back to 2011 levels of fundingTransportation allotment was last updated in 1984

  • Property ValuesCertified property values decreased for Bryson ISD in 2014. That is a double negative for 14-15 budget when combined with increase in property values that occurred for Bryson ISD in 2013.State funds us on 2013 values. Since values decreased, we will not collect as much local tax in 2014 as we did in 2013 and the state will not send as much aid as they would if they knew that our 2014 values had decreased from our 2013 values.

  • Positive Factors Affecting FinancesBISD has a diverse local property value based on mineral resources and wind energy.District enrollment is up 25 students from last day of school last year and up about 40-45 students over what was expected over the summer while building the budget.

  • Negative Factors Affecting Finances2014 values are down from 2013 valuesState aid will be lower than 2014 values dictate because our property values decreased this year, but TEA funds us on previous year valuesLocal tax collection will be down due to decreased property values for 2014State cuts in funding in 2011 have not been restoredLow Interest RatesWe have lost $74,000 in annual Federal funding since September 1, 2012.

  • Goals of Budget ProcessProvide High Quality School for Children of the Community.Fairness and Responsibility to TaxpayersMaximize Available State Aid Ensure Future Financial Health of DistrictRetain High Quality personnelWork toward a balanced budget without wind farm revenue

  • Property Taxes are Determined By:Local Property ValuesState LawsDistrict Tax Rate Effort (we have highest M&O rate possible without a TRE)Bonded Debt (I&S rate)

  • Tax Rate Determination2014-15 Tax Rate =Maintenance and Operation- $1.04 is highest legal amount without voter approved Tax Ratification Election that could net up to .13 moreInterest and Sinking Fund- amount necessary to pay our debt = .34

  • Proposed Tax RateThe Proposed Tax Rate for 2014-2015 is:M&O = 1.04I&S = .34For a total rate of $1.38/$100 Valuation. Same as last year.Local early payment decrease applies to M&O & I&S rate.

  • Taxes Due for Average Home in BISDTaxes due on average residence for last year was $433.62Taxes due on average residence for this year is $443.86Increase for this year on average residence in district is $10.248 years ago tax rate was $1.50 for M&O and .07 for I&S or total of $1.57 ($1.38 for this year)

  • BenefitsMaintains about $200,000 dollars in cuts to budget that have been implemented since September 1, 2011.Maintains reduced staff level compared to 4 years ago. This budget cycle has 4 fewer FTEs to serve 276 kids than FTEs that served 207 kids for the 10-11 budget cycle.Compared to last year, maintains all programs and services for kids and benefits for employees.

  • ComparisonsFB officials increased 25% (from 12-13)BB officials increased 90% (from 12-13)VB officials increased 100% (from 12-13)Erate decreased 10%Electricity budget increased 15%Natural Gas budget increased 15%Total HR cost is down about $9,000 compared to last yearSupply budgets are the sameTax rate remains the sameLast year was a surplus budget this year is a deficit budget

  • Fund 199

    Sheet1

    Revenue%

    5700 Local$2,042,752.00

    5800 State$253,461.00

    5900Erate$14,200.00

    Total Revenue$2,310,413.00

    Expenditure

    Function 00Special Items Barton Chapel Wind Tax Credit$(139,794.00)

    Function 11Instruction$1,141,310.00

    Function 12Instructional Resources and Media Services$3,519.00

    Function 13Curriculum Development and Instructional Staff Development$12,707.00

    Function 23School Leadership$137,121.00

    Function 31Guidance, Counseling, Evaluation Services$65,376.00

    Function 33Health Services$7,135.00

    Function 34Student Transportation$86,232.00

    Function 36Co-/Extracurricular Activities$246,857.00

    Function 41General Administration$182,274.00

    Function 51Plant Maintenance and Operations$321,406.00

    Function 52Security and Monitoring$5,060.00

    Function 53Data Processing$63,799.00

    Function 93Payments to Fiscal Agent/Member Districts of Shared Services$33,750.00

    Function 99Appraisal costs$54,000.00

    Function 00Special Items Barton Chapel Wind Tax Credit$139,794.00

    Total Expenditure$2,360,546.00

    Fund 240

    Revenue

    5700 Local$66,000.00

    5800 State$1,000.00

    5900 Federal$48,700.00

    7900 Transfer in from 199$10,000.00

    Total Revenue$125,700.00

    Expenditure

    Function 35$125,700.00

    Total Expenditure$125,700.00

    Fund 599

    Revenue

    5700$43,691.00

    5800$39,166.00

    Total Revenue$82,857.00

    Expenditure

    Function 71$82,838.00

    Total Expenditure$82,838.00

    Sheet2

    Sheet3

  • Fund 240

    Sheet1

    Fund 199

    Revenue%

    5700 Local$910,784.0037.5

    5800 State$1,520,065.0062.5

    Total Revenue$2,430,849.00

    Expenditure

    Function 11Instruction$1,566,980.0061.8

    Function 12Instructional Resources and Media Services$82,644.003.3

    Function 13Curriculum Development and Instructional Staff Development$17,724.000.7

    Function 23School Leadership$127,549.005.0

    Function 31Guidance, Counseling, Evaluation Services$32,001.001.3

    Function 33Health Services$16,733.000.7

    Function 34Student Transportation$132,387.005.2

    Function 35Food Services$2,000.000.1

    Function 36Co-/Extracurricular Activities$108,128.004.3

    Function 41General Administration$145,704.005.7

    Function 51Plant Maintenance and Operations$249,224.009.8

    Function 71Debt Service$19,509.000.8

    Function 93Payments to Fiscal Agent/Member Districts of Shared Services$23,790.000.9

    Transfer out$10,000.000.4

    Total Expenditure$2,534,373.00

    Fund 240

    Revenue

    5700 Local$30,529.00

    5800 State$800.00

    5900 Federal$80,000.00

    Total Revenue$111,329.00

    Expenditure

    Function 35$98,040.00

    Total Expenditure$98,040.00

    Revenue

    5700$43,691.00

    5800$39,166.00

    Total Revenue$82,857.00

    Expenditure

    Function 71$82,838.00

    Total Expenditure$82,838.00

    Sheet2

    Sheet3

  • Fund 599

    Sheet1

    Fund 199

    Revenue%

    5700 Local$910,784.0037.5

    5800 State$1,520,065.0062.5

    Total Revenue$2,430,849.00

    Expenditure

    Function 11Instruction$1,566,980.0061.8

    Function 12Instructional Resources and Media Services$82,644.003.3

    Function 13Curriculum Development and Instructional Staff Development$17,724.000.7

    Function 23School Leadership$127,549.005.0

    Function 31Guidance, Counseling, Evaluation Services$32,001.001.3

    Function 33Health Services$16,733.000.7

    Function 34Student Transportation$132,387.005.2

    Function 35Food Services$2,000.000.1

    Function 36Co-/Extracurricular Activities$108,128.004.3

    Function 41General Administration$145,704.005.7

    Function 51Plant Maintenance and Operations$249,224.009.8

    Function 71Debt Service$19,509.000.8

    Function 93Payments to Fiscal Agent/Member Districts of Shared Services$23,790.000.9

    Transfer out$10,000.000.4

    Total Expenditure$2,534,373.00

    Fund 240

    Revenue

    5700 Local$66,000.00

    5800 State$1,000.00

    5900 Federal$48,700.00

    7900 Transfer in from 199$10,000.00

    Total Revenue$268,133.00

    Expenditure

    Function 71$259,595.00

    Total Expenditure$259,595.00

    Revenue

    $773,997.00

    0.0

    Total Revenue$1,306,537.50

    Expenditure

    Principal$725,000.00

    Fee$500.00

    Interest$581,037.50

    Total Expenditure$1,306,537.50

    Sheet2

    Sheet3

    **Questions about state funding and $1.00 tax rate*Hold harmless for last years MTN

    *Rounding *Golden Pennies $41.21 / WADA (same as Austin ISD) or 23,200 per penny or 92,800 total. Weighted pennies about 1.5 that amountAlso in next years calculation as effective tax rate