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Dive into GCISD budget discussions, exploring funding allocations, revenue estimates, expenditure projections, and the impact on school operations. Learn about the bond election process, revenue sources, and how money flows in and out of different funds. Stay informed on tax rates, community engagement, and the future financial outlook for the district.
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CTMS Bond & budget discussions april 26, 2013
Budget • GCISD Budget • General Operating-$141 Million • Child Nutrition-$5 Million • Debt Service-$31 Million • Building a Budget • Campus Allocations-Per Pupil- CTMS $113,495 (2013-14) • Per Pupil ($92)-$68,632 • Athletics ($13)-$9,698 • Staff Development ($60)-$2,465 • Special Programs-$32,700
Budget • Building a Budget • Estimate Revenues • Estimate Payroll Costs-86% of Budget-$88 Million • Estimate Robin Hood Payment-$28 Million
Budget • Revenue Estimates (Money in the Bank) • Tax Revenues • Estimated based on tax properties • Estimated based on current tax rate • State Revenues • Funding decreased during 2011-2012 school year • Calculate based on current formulas and projected student enrollment • Federal Revenues • Flood Control Payment
Budget • Revenue Estimates (Money in the Bank) • Other Local Revenues • Athletic receipts • Tuition • Rentals • ECDC/KidzU • Phone Tower Rentals • Participation Fees • Interest • Parking Fees
Revenues * Excludes TIF ($8,000,000) and Recapture ($28,020,876)
Budget • Expenditure Estimates (Money out of the Bank) • Payroll • Supplies & Materials • Utilities • Insurance • Other
Expenditures * Excludes TIF ($8,000,000) and Recapture ($28,020,876)
GCISD Current Budget & Projections Projections through 2015-2016 Under Current Law
Different Pots of Money • General Operating Fund • Pay for everyday costs to run a school • Pay for teachers and supplies • Debt Service Fund • Pay our loans off • Construction Fund • Pay for construction costs
Different Pots of Money HOW DOES THE MONEY GET INTO EACH POT!!
Tax Rate Maintenance & Operations Interest & Sinking $.2801 Keep 100% in GCISD $1.04 30% Goes to State
2011 Bond Election Process • Community survey • Will anybody vote for it? • Facility assessment • What do we need? • Campus demographics and enrollment projections • Do we need more space? • Wish lists submitted by campuses & departments
2011 Bond Election Process • Form Bond Planning Committee (BPC)-52 Members • Teachers • Community members • Librarians • Coaches • Principals/Asst Principals • Nurses • Parents
2011 Bond Election Process • BPC Subdivided into smaller groups • Elementary • Secondary • Technology • Sports Facilities • Furniture & Equipment • BPC Review • Determine which projects to keep or eliminate • Look at all costs • Determine how much money to ask for • BPC makes final recommendation to the Board of Trustees
2011 Bond Election Process • BPC makes final recommendation to the Board of Trustees • Board calls a bond election • February 2011 • $124.5 Million • Bond Election • May 14, 2011 • Voters approved by more than 2:1
Bond Projects • GCISD Website • 2011 Bond Program • Resources • 2011 Bond Election Website • Bond Proposal • List of Projects and Costs • Tax rate analysis for public • 3.93 cent increase communicated • 3.05 cent actual increase
PSA: School Finance & Bond Election Reminders • School Administration may not campaign • Can only give facts • Political Action Committee (PAC) • Campaign for the bond election
PSA: School Finance & Bond Election Reminders Due to State Funding Cuts General Fund revenues no longer exceed expenditures In GCISD, we keep 100% of bond funds We like cool buildings and technology for our students
PSA: School Finance & Bond Election Reminders • Property values will continue to increase • People will want to buy houses in our district • Taxes will not increase for those over 65 • Facility will help generate funds for the General Fund • Rentals • Corporate Sponsorships (Naming Rights)