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2010 Budget Presentation August 10, 2009

2010 Budget Presentation August 10, 2009. BUDGETS TO APPROVE. Property Tax Supported: Capital Projects Bus Transportation Replacement Debt Service & Pension Bond Art Institute Other: General, which includes Special

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2010 Budget Presentation August 10, 2009

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  1. 2010 Budget Presentation August 10, 2009

  2. BUDGETS TO APPROVE • Property Tax Supported: • Capital Projects • Bus • Transportation • Replacement • Debt Service & Pension Bond • Art Institute • Other: • General, which includes Special • Education Pre-School effective • January 1, 2010

  3. Budget Adoption Calendar • Board Meetings • August 10 Budget Presentation • August 24 Permission to Advertise • August 26 & Budgets Advertised • September 2 • September 14 Public Hearing • Bus Replacement Plan • Capital Projects Fund • September 28 Budget Adoption

  4. Board Approval Required 2010 Appropriations (budget) 2010 Maximum Levy (property tax) NOTE: Fiscal year change is coming with next budget adoption

  5. General Fund • Salaries and fringe benefits • Teachers, administrators, custodial, • clerical • Operating costs • Utilities, insurance, legal • School materials & supplies

  6. General Fund Expenditures 2010 Budget $153,092,577

  7. General Fund Expenditures – Category Percentages

  8. Tuition Support – Factors • Enrollment – past 5 years and next estimate • Complexity Index – uses free and reduced lunch rate • Prior year revenue

  9. Tuition Support – Complexity Index

  10. Funding Formula 2010

  11. Full-Day Kindergarten 2010

  12. Assessed Value – EVSC • 2008 pay 2009 $8.2 billion • 2009 pay 2010 $7.0 billion • Decrease 15% due to reductions in • assessed valuation. • Will impact fixed rate funds • Capital Projects Fund/Pension Debt Service

  13. Local Share • Property Tax • Motor Vehicle Excise Tax • Commercial Vehicle Excise Tax • Financial Institutions Tax

  14. Capital Projects Fund (CPF) • 3-year plan • Rate-driven fund – Rate established by State • Building construction, renovation, repair, • maintenance • 39 of buildings, average age 64 years • Equipment and Technology purchases and • repair • Pension bonds are tax neutral with this fund • New in 2010 - $150,000 has been budgeted for • musical instruments

  15. Capital Projects Detail 2010

  16. 2010 Capital Projects Plan

  17. Debt Service Fund 2010

  18. Debt Service Funds Budget Overview

  19. Debt Service Rate Comparison (2007 rates)

  20. Bus Funds • Transportation • Annual budget determined by state formula, • supported by property taxes – 3.8% increase • for 2010 – Rate decreased from 4% in 2009 • and 5% in 2008 • Replacement • Annual budget determined by 15 year • replacement plan

  21. Bus Replacement Plan 2010

  22. Art Institute Fund • Pass through to Evansville Museum of Arts, • History and Science • To provide ongoing programs for our students • Budget same at $120,000

  23. 2010 Summary by Fund

  24. 2009 & 2010 Budgets Summary

  25. 2010 Tax Rates

  26. Next Steps - • August 24, 2009 Board Meeting-Permission to Advertise Budget • August 26, 2009 Date of 1st Publication of the 2010 Proposed Budget, Bus Replacement Plan, and Capital Projects Fund. • September 2, 2009 Date of 2nd Publication of Proposed 2010 Budget • September 14, 2009 Board Meeting – Public Hearing of Proposed 2010 Budget, Bus Replacement Plan and Capital Projects Fund • September 28, 2009 Board Meeting – Proposed 2010 Budget, Bus Replacement Plan, and Capital Projects Plan Adopted by the Board at Public Meeting • September 29, 2009 File adopted Budgets and Tax Levies with the County Auditor

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