District 7 Stakeholders’ School Finance Presentation February 7, 2012.

Slides:

Advertisements

Similar presentations

Alameda Unified School District School Board Meeting Budget Information Update February 10, :30pm.

Advertisements

Corporation Tax Michael Devereux Oxford University Centre for Business Taxation and Institute for Fiscal Studies.

Submitted October 25, Structural Spending Deficit.

Economic Crisis State Revenue Shortfall Its Effect on State School Funding North Santiam School District May

1. Identify each of the following items as either a positive cash flow, negative cash flow, or no effect, and identify the dollar amount. Increase in Accounts.

Educational Funding Sturgis Public Schools

Mid-Year Budget Issues and Decisions Presented by Chris Straub.

January 7, PUSD has two “buckets” to pay for it’s day-to- day and yearly operations: Maintenance and Operations (M & O) Things that are considered.

MID-YEAR REVIEW FY Budget AS OF 1/31/15 February 23, 2015.

State Superintendent Evers Fair Funding for our Future Plan For more details visit: Fairfundingforourfuture.org.

Parkview School District Budget Hearing and Annual Meeting Monday, August 18, :30 p.m. Parkview Jr./Sr. High School LMC Monday, August.

State Superintendent Evers Fair Funding for our Future Plan For more details visit: Fairfundingforourfuture.org.

Mattoon Community Unit School District #2 MCUSD# Tax Levy Presentation Presented: Tuesday, October 9, 2007 Board Action: Tuesday, November 13, 2007.

Getting the Community Involved in Dealing with Current Financial Realities May 17, 2012 Mohsin Dada CFP® CFO North Shore School District 112, Highland.

School Finance 101 by Ben Irwin Business Manager Parkview School District.

Sample School District Budget Projections.

Taxes and TIF’s A School District Perspective. What is the Tax Cap? What is the Tax Cap? (PTELL) The tax cap limits the extension of a taxing body’s budget.

Wisconsin Public Schools Revenue Limits. History 1949 –State adopted a system to address property- wealth differences among districts, which provided.

Maner Costerisan  There are 882 Public School Districts within the State of Michigan as of ◦ Intermediate School Districts – 56 ◦ Local Education.

Budget, debt and economic policies. What are the main sources of income and expenditures for the goverment in Canada? Sources of income: -Taxes (individual.

Michigan Association of Counties Traverse City, September 19 th, 2011.

1 Fairfax County Fiscal Outlook Mount Vernon Town Meeting February 3, 2007 Edward L. Long Deputy County Executive

Public Hearing School Budget March 19, 2008 Public Hearing School Budget March 19, 2008 Deerfield Board of Education.

GILES COUNTY BOARD OF SUPERVISORS REAL ESTATE TAX RATE HEARING APRIL 21, 2005.

Denver Public Schools School Finance ~ A to Z FY

PARKSTON SCHOOL DISTRICT 2012 State of the District Address.

LORAIN COUNTY REVENUE ANALYSIS. Lorain County Revenue.

Budget Montrose Area Public Budget Presentation June 3, 2002 Lewis Plauny.

Ridgeland School District Referendum. District 122 in Oak Lawn.

ECONOMIC IMPACT OF HOUSING Kate Little Georgia State Trade Association of Nonprofit Developers.

The Financing of Illinois K-12 Education Dr. Michael Jacoby Executive Director, Illinois ASBO Chair, Illinois Education Roundtable.

MACRO ECONOMIC GOVERNMENT POLICY. NATIONAL ECONOMIC POLICY GOALS Sustained economic growth as measured by gross domestic product (GDP) GDP is total amount.

A Crossroads for Public Education in Minnesota Parents United for Public Schools …Committed to quality public schools for all Minnesota children.

Board Meeting Oak Grove School District Levy Considerations Anticipating the Future.

BRYSON ISD Proposed Budget and Tax Rate Prepared by David Stout, Bryson ISD Superintendent.

BRYSON ISD Adopted Budget and Tax Rate Prepared by David Stout, Bryson ISD Superintendent.

Lincoln Public Schools Budget Tool Kit. Timeline for Budget September Last Friday - Enrollment January-March Staffing Conferences January-April.

WELCOME TO THE BUDGET HEARING AND ANNUAL MEETING OF THE SCHOOL DISTRICT OF SOUTH MILWAUKEE.

Community Meeting May 31, Agenda: 7:00 – 8:00 Topics to include: An overview of the “foundation funding” system of the past several years. (Mr.

Proposed Budget Update Finance Committee Meeting June 19, 2014.

Lincoln Public Schools Budget Tool Kit. Timeline for Budget September Last Friday - Enrollment January-March Staffing Conferences January-June.

 Educate the Sutton community on the annual budget process  Provide a five year overview  Provide the Sutton community with an opportunity to ask questions.

1 Douglas County School District Re.1 School Finance 101 FY

Cedar Grove – Belgium Area School District Annual Meeting October 26, 2015.

Big Walnut Local School District March 2015 Financials 3 rd Quarter FY2015 Summary May 2015 Forecast Summary.

Lincoln Public Schools Budget Tool Kit. Timeline for Budget September Last Friday - Enrollment January-March Staffing Conferences January-April.

Funding for Illinois Public Schools Dr. William H. Phillips A special thank you goes to Toni Waggoner, Budget and Financial Management, Illinois State.

East Lansing Public Schools Financial Strategies Past, Present and Future.

Integrity. Commitment. Performance.™ PMA Financial Planning Program Presented by Michael Frances | Senior Financial Advisor PMA Financial Network, Inc.

SCHOOL LEVY INFORMATION Quincy School District February 2015.

Goodhue School District 2015 Payable 2016 Truth In Taxation Public Meeting Time: 6:30pm Date: December 21, 2015 at the Goodhue School District Board Room.

Purpose The purpose of tonight’s meeting is to present the Proposed Final 2015/2016 Budget, following the required Act 1 timeline. SFASD must receive.

Annual Budget Hearing September 10, Mixed Revenues: State Aid up 12%, Federal Income down 22% Slight increase in staffing due to Special Education/Enrollment.

Drexel R-IV School District

Presentation To Board of Education

Budget Presented to the Board of Education August 24, 2016

Prepared by David Stout, Bryson ISD Superintendent

Annual Budget Hearing September 11, 2017

2017 Proposed Levy Dr. Glenn Schlichting Superintendent Steven Bahn

Prepared by David Stout, Bryson ISD Superintendent

Unit 8 Income Terms & Definitions

Prepared by David Stout, Bryson ISD Superintendent

RECORDING THE BUYING OF A PLANT ASSET

Spring-Ford Area School District 2012/2013 Proposed Preliminary Budget

Preliminary Proposed Budget April 26, 2016

Governor’s Proposed Budget

East Pennsboro Area School District

Prepared by David Stout, Bryson ISD Superintendent

Prepared by David Stout, Bryson ISD Superintendent

WSD PROPOSED FINAL GENERAL FUND BUDGET

Presentation transcript:

District 7 Stakeholders’ School Finance Presentation February 7, 2012

Who is a Stakeholder? Parents and Families Community Members Tax Payers All District 7 Employees

Importance of Effective Schools Macro Reasons Investment in the Future Global Competitiveness Local Reasons Provides Resources, Financial and Human, to meet Challenges Enhanced Value of Local Real Estate

Topics of Conversation Where and how resources are derived Where we spend our funds Recent losses of revenue Added revenues and cost cutting Treasury balances How much does it take to run District 7 Property taxes and home values Who pays the taxes in our district

Sources of Revenue

Expenses

Local Funds Collected by the county Received mostly in June and September Paid by property owners within district Industrial Residential Commercial Increase determined by CPI Consumer Price Index release in January

CPI History

Added Revenues from CPI

State Funding General State Aid Based on low income formula Categoricals Early Childhood Apply every year, need to work for funds Not every district has an EC Program English Language Learning Special Education Transportation Corporate Personal Property Replacement Tax (CPPRT)

State Delinquency to WDSD7

Federal Funding Reliable funding relative to the state Programs include: Title I (Reading) Title III (Bilingual) National School Lunch

ARRA Funding Received in FY10 & FY11 only Program funding ended on June 30, 2011 Programs funded: Title I $69,975 (FY10) Special Education $321,697 (FY10 & FY11) Education Jobs Program $63,320 (FY11)

Revenue Lost

Cost Cutting

New Revenue & Total Enhancements

Treasury Balances In balance with last year District 7 in Financial Recognition Status $9,000,000 average balance $13,184,908 high balance Sept $7,265,312 low balance May 2011

Treasury Balances

Monthly Expenses

Minimum Balance Need to maintain at least 25% of annual expenses on hand at all times – About $3,750,000 – Below this amount is financially perilous Like your checkbook, manage to low balance

Property Taxes Local Taxes Account for 81% of Revenue Affect of Declining Home Values Relationship between EAV and Taxes How CPI Affects Revenue to District

CPI Existing EAVTax Rate EAV, CPI and Tax Rate Existing EAV Tax RateExisting EAV Tax Rate

Tax Rates by District

Property Taxes Property values are falling – Measured in Equalized Assessed Value (EAV) CY2009$693,271,696 CY2010$602,076, % Decrease in Assessed Value School districts and other taxing bodies – Local revenues increase by rate of CPI District 7 revenue increases independent of home values

District 7 EAV 2009

District 7 EAV Change

Please Remember Issues District 7 faces in managing funds Understanding as to what it takes to financially fund our district Property tax funding

Questions and Comments