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 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.

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 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
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

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.
Declining I&S values continue to require changes in how the revenue is generated to pay our debt service requirements.

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. 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 budget cycle
Rounding

10. 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 $
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)

11. Fund 199

12. Fund 240

13. Fund 599