Prepared by David Stout, Bryson ISD Superintendent 2018-2019 Adopted Budget Prepared 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. At same time, Legislature cut local property tax rates by 33% from cap of $1.50 to cap of $1.00 ($1.04) Loss of local property tax revenue from budget revenue has never been replaced in state aid since local property taxes were cut by 33%. Transportation allotment was last updated in 1984 Questions about state funding and $1.00 tax rate

Property Values M&O certified property values increased for Bryson ISD in 2018 due to Ch. 313 agreement expiring with Barton Chapel Wind LLC. I&S certified property values continued to decrease significantly due to the depreciation of the wind farms values.

Positive Factors Affecting Finances Compared to many rural districts, BISD has a diverse local property value based on mineral resources and wind energy. District enrollment is 251 (259 this time last year, ended with 253 last year). For the last 6 years, enrollment has been up from what it was in 2011 and has been basically stable. State will fund us on last year’s values which will benefit BISD for 18-19. Supt. has searched out all possible revenue streams. Supt. has worked to keep HR cost to a minimum, while meeting all needs of all students. Senate Wind Ch. 313 agreement benefits the school district through January of 2020. Hold harmless for last years MTN

Negative Factors Affecting Finances State cuts in funding in 2011 have not been restored We have lost $74,000 in annual Federal funding since September 1, 2012. Declining I&S values continue to require changes in how the revenue is generated to pay our debt service requirements.

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

Property Taxes are Determined By: Local Property Values State Laws District Tax Rate – Effort (we have highest M&O rate possible without a Tax Ratification Election) Bonded Debt (I&S rate)

Proposed Tax Rate The Proposed Tax Rate for 2018-2019 is: Maintenance &Operation = 1.04 Interest & Sinking = .34 For a total rate of $1.38/$100 Valuation. Both rates are the same as the 17-18 budget cycle Rounding

Taxes Due for Average Home in BISD Taxes due on average residence for last year was $315.58 Taxes due on average residence for this year is $ 288.50 12 years ago tax rate was $1.50 for M&O and .07 for I&S or total of $1.57 ($1.38 is proposed for this year)

Fund 199

Fund 240

Fund 599