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BRYSON ISD

BRYSON ISD. 2017-2018 Proposed Budget Prepared by David Stout, Bryson ISD Superintendent. District Funding. State Aid Local Taxes Federal Funds. State Aid History. “Target Revenue” system locked in funding at 2005-2006 levels.

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BRYSON ISD

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  1. BRYSON ISD 2017-2018 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 2005-2006 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%. • Legislature cut additional state funding in 2011 and we are still not back to 2011 levels of funding ($131,653) for 16-17 and was ($140,732) for 15-16 • Transportation allotment was last updated in 1984

  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 252 students and is a down about 8 students from 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.

  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 2017-18 Tax Rate = • 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 I&S = ..34 For a total rate of $1.38/$100 Valuation. Local early tax payment incentive decrease applies to M&O & I&S rate.

  11. Taxes Due for Average Home in BISD • Taxes due on average residence for last year was $329.20 • Taxes due on average residence for this year is $ 322.08 • 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.

  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

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