1. Prepared by David Stout, Bryson ISD Superintendent
Proposed 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.
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 the property taxes were cut by 33%.
Legislature cut additional state funding in 2011 and we are still not back to 2011 levels of funding ($138,642)
Transportation allotment was last updated in 1984
Questions about state funding and $1.00 tax rate

4. Property Values
Certified property values decreased for Bryson ISD in The M&O value decreased $32,711,340 and the I&S value decreased $54,549,413.
For 15-16, state will fund us on 2014 values. Since values decreased, we will not collect as much local tax in as we did in and the state will not send as much aid as they would if they knew that our 2015 values had decreased from our 2014 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 257 students and is about the same as we had last year. For the last 3 years or so, enrollment has been up and a strength compared to the years prior to that.
Hold harmless for last years MTN

6. Negative Factors Affecting Finances
2015 values are down from 2014 and 2013 values
State aid will be lower than it would be if the state knew that our values were down.
Local tax collection will be down due to decreased property values for 2015
State cuts in funding in 2011 have not been restored
We have lost $74,000 in annual Federal funding since September 1, 2012.

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 without wind farm revenue

8. Property Taxes are Determined By:
Local Property Values
State Laws
District Tax Rate – Effort (we have highest M&O rate possible without a TRE)
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 2015-2016 is: M&O = 1.04
For a total rate of $1.38/$100 Valuation. Same as last year.
Local early payment 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 $443.86
Taxes due on average residence for this year is $467.20
9 years ago tax rate was $1.50 for M&O and .07 for I&S or total of $1.57 ($1.38 for this year)

12. Benefits
Maintains about $150,000 dollars in cuts to budget that have been implemented since September 1, 2011.
Maintains reduced staff level compared to 4 years ago. This budget cycle has 3.5 fewer FTE’s to serve 257 kids than FTE’s that served 207 kids for the budget cycle.
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%
Total HR cost is down about $1,000 compared to last year
Supply budgets are the same
Tax rate remains the same

14. Fund 199

15. Fund 240

16. Fund 599