1. Prepared by David Stout, Bryson ISD Superintendent
Adopted Budget
Prepared by David Stout, Bryson ISD Superintendent

2. District Funding
State Aid
Local Taxes
Federal Funds

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

4. Property Values
M&O certified property values increased for Bryson ISD in 2017 by 2.3%
I&S certified property values continued to decrease significantly due to the depreciation of the wind farm values.

5. 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 259 students and is about the same as the previous year. For the last 5 years or so, enrollment has been up from what it was in 2011 and has been basically stable.
State aid will be higher this year than last due to the fact that the state now knows our values were down last year compared to the previous year.
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.
Hold harmless for last years MTN

6. 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.
Local policy of early tax payment incentive allows for lost revenue for the school district.

7. 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

8. 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)

9. Tax Rate Determination
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- dedicated to pay our debt = .34

10. Proposed Tax Rate The Proposed Tax Rate for 2017-2018 is: M&O = 1.04
For a total rate of $1.38/$100 Valuation.
Local early tax payment incentive decrease applies to M&O & I&S rate.
Rounding

11. Taxes Due for Average Home in BISD
Taxes due on average residence for last year was $322.08
Taxes due on average residence for this year is $
11 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)

12. Benefits
Maintains about $50,000 dollars of the $150,000 in cuts to the budget that have been implemented since September 1, 2011.
Compared to last year, maintains all programs and services for kids and benefits for employees.
Golden Pennies $41.21 / WADA (same as Austin ISD) or 23,200 per penny or 92,800 total. Weighted pennies about 1.5 that amount
Also in next years calculation as effective tax rate

13. 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% (2015)
Maintenance & Operation Tax rate remains the same
Interest & Sinking Fund Tax rate remains the same

14. Fund 199

15. Fund 240

16. Fund 599