BRYSON ISD

2014-2015Proposed

Budget and Tax RatePrepared by David Stout, Bryson ISD Superintendent

District Funding State Aid Local Taxes Federal Funds

State Aid History “Target Revenue” system locked in funding at

2005-2006 levels. Legislature cut local property tax rates by 33%

from cap of $1.50 to $1.00 Loss 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 funding

Transportation allotment was last updated in 1984

Property Values Certified 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 Finances

BISD 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 Finances 2014 values are down from 2013 values State aid will be lower than 2014 values dictate

because our property values decreased this year, but TEA funds us on previous year values

Local tax collection will be down due to decreased property values for 2014

State cuts in funding in 2011 have not been restored

Low Interest Rates We have lost $74,000 in annual Federal funding

since September 1, 2012.

Goals of Budget Process Provide High Quality School for Children

of the Community. Fairness and Responsibility to Taxpayers Maximize Available State Aid Ensure Future Financial Health of District Retain High Quality personnel Work toward a balanced budget without

wind farm revenue

Property Taxes are Determined By:

Local Property Values State Laws District Tax Rate – Effort (we have

highest M&O rate possible without a TRE)

Bonded Debt (I&S rate)

Tax Rate Determination

2014-15 Tax Rate = Maintenance and Operation- $1.04

is highest legal amount without voter approved Tax Ratification Election that could net up to .13 more

Interest and Sinking Fund- amount necessary to pay our debt = .34

Proposed Tax Rate

The 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 BISD Taxes due on average residence for last

year was $433.62 Taxes due on average residence for this

year is $443.86 Increase for this year on average

residence in district is $10.24 8 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)

Benefits Maintains 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 FTE’s to serve 276 kids than FTE’s 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.

Comparisons FB 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

year Supply budgets are the same Tax rate remains the same Last year was a surplus budget this year is a deficit

budget

Fund 199Revenue %5700 Local 2,042,752.00$ 5800 State 253,461.00$ 5900 Erate 14,200.00$ Total Revenue 2,310,413.00$ ExpenditureFunction 00 Special Items Barton Chapel Wind Tax Credit (139,794.00)$ Function 11 Instruction 1,141,310.00$ Function 12 Instructional Resources and Media Services 3,519.00$ Function 13 Curriculum Development and Instructional Staff Development 12,707.00$ Function 23 School Leadership 137,121.00$ Function 31 Guidance, Counseling, Evaluation Services 65,376.00$ Function 33 Health Services 7,135.00$ Function 34 Student Transportation 86,232.00$ Function 36 Co-/Extracurricular Activities 246,857.00$ Function 41 General Administration 182,274.00$ Function 51 Plant Maintenance and Operations 321,406.00$ Function 52 Security and Monitoring 5,060.00$ Function 53 Data Processing 63,799.00$ Function 93 Payments to Fiscal Agent/Member Districts of Shared Services 33,750.00$ Function 99 Appraisal costs 54,000.00$ Function 00 Special Items Barton Chapel Wind Tax Credit 139,794.00$ Total Expenditure 2,360,546.00$

Fund 240

Fund 240

Fund 240

Revenue5700 Local 30,529.00$ 5800 State 800.00$ 5900 Federal 80,000.00$ Total Revenue 111,329.00$

ExpenditureFunction 35 98,040.00$ Total Expenditure 98,040.00$

Fund 599

Total Revenue 1,306,537.50$

ExpenditurePrincipal 725,000.00$ Fee 500.00$ Interest 581,037.50$ Total Expenditure 1,306,537.50$