Budget Hearing August 25, 2014

1.68% incr 3.10% incr

A 4.0% increase on this budget = $1,728,664

I don’t believe our revenues will keep pace

A 4.0% increase on this budget = $1,728,664

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

Budget Highlights General Fund budget of $43,216,600 (4.14% increase over LY’s $41,500,000) General Fund reserve on 8/31/14 will be just under $10,000,000 FY15 Gnrl Fund budget will allow $94,400 to go into the reserve FY16 state aid will likely decrease causing a draw from reserve General Fund levy of $ compared to $ for FY14 Overall levy of $ is the same of FY14 New QCPUF Fund with a levy of $ General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17