1. 2014-2015 Budget Hearing August 25, 2014

15. 1.68% incr 3.10% incr

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

27. I don’t believe our revenues will keep pace

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

32. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

33. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

34. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

35. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

36. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

37. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

38. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

39. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

40. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

41. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

42. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17

43. 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 $1.0405 compared to $1.0410 for FY14 Overall levy of $1.2049 is the same of FY14 New QCPUF Fund with a levy of $0.0173 General Fund valuation increased by 3.10% Bond Fund valuation increased by 1.68% Student ADM for 2014-15 is up by over 100 – Could cause an increase in FTE for FY16 – Will boost state aid for FY17