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FY 2009 Budget and Five-Year Forecast Presentation

FY 2009 Budget and Five-Year Forecast Presentation. October 21, 2008 Licking Heights Board of Education Regular Board Meeting. General Property Tax (Real Estate). Tax Year 2008 = Triennial Update

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FY 2009 Budget and Five-Year Forecast Presentation

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  1. FY 2009 Budget and Five-Year Forecast Presentation October 21, 2008 Licking Heights Board of Education Regular Board Meeting

  2. General Property Tax (Real Estate) • Tax Year 2008 = Triennial Update • Ohio Department of Taxation - Flat lined for residential in both counties and in commercial/industrial in Licking County • Agricultural (CAUV) expected to grow by approximately 30% due to change in calculation of taxes • Small increase in commercial/industrial expected in Franklin County

  3. General Property Tax (Real Estate) • New construction for future years reduced based on current market decline • Tax year 2011 = Reappraisal • Based on current economic situation, increase due to reappraisal greatly reduced in comparison with previous reappraisal years • Last year of collection on $4.3 million emergency levy

  4. Real Estate – Historical vs. Projected

  5. Tangible Personal Property • Phase out will be complete by FY 2012 • Amounts shown in FY 2012 and FY 2013 represent small portion of public utility personal property that will remain

  6. Unrestricted Grants In Aid (State Foundation) • Converted from a formula funded district (in FY 2008) to a guarantee district (in FY 2009) • Enrollment growth not expected to grow at a rate high enough to remove the district from the guarantee • Results in flat funding for future years • Uncertain as to implications of next biennial budget

  7. State Funding Trends

  8. State Funding Trends

  9. Restricted Grants In Aid (State Foundation) • Comprised of Poverty Based Assistance (PBA), career-technical aid and bus repurchase amounts • PBA = $59,189.66 • Use = Intervention • Provides a portion of salary of a district intervention teacher • Career-tech funds = $39,462.02 • Provides support for business department, career-based intervention (CBI) and family and consumer science department • Bus Repurchase - Estimated at $14,634.22

  10. Property Tax Allocation • Homestead and rollback reimbursement from State of Ohio • Changes in legislation regarding homestead exemption will increase this figure in future years • Direct reimbursement related to phase-out of tangible personal property tax • Will be gone by FY 2013 (phase-out completed in FY 2012)

  11. All Other Revenues • Student fees • Building use fees • Donations • Tuition payments • Insurance payments

  12. Personal Services • Salaries for all staff (i.e. teachers, non-teaching employees, administration, substitutes, coaches/advisors) • LHEA and LHSSA contracts approved – 3% base salary increase in FY 2009; 2.75% base salary increase in FY 2010 (does not apply to supplemental contracts) • Additional staff added in FY 2009 • No new staff budgeted for future years

  13. Personal Services

  14. Retirement/Benefits • Retirement benefits for all staff (STRS/SERS) • Provides 75% of premiums for health and dental insurance • Provides $30,000 term life insurance policy for all contracted staff • Tuition reimbursement • Worker’s Compensation

  15. Purchased Services • Utilities (i.e. phone, electric, natural gas, trash removal, water/sewer) • School resource officers • Postage and postage meter rental • Athletic trainer • Service agreement with LACA • Property insurance

  16. Supplies and Materials • Textbooks • Student fee purchases • Classroom supplies • Technology supplies (i.e. software, etc.)

  17. Capital Outlay • District equipment needs – New and/or replacement • Technology equipment • Maintenance/custodial/grounds equipment • Vehicles

  18. Principal and Interest • Debt service related to limited general obligation bonds issued in 2005 for the purchase of busses • Matures in June 2016

  19. Other Objects • Various fees (i.e. auditor, county treasurer, election expense) • Liability insurance • Premiums for bonds • Services provided by Licking County Educational Service Center • Deducted from school foundation payments

  20. Other Funds • Student Activity Accounts • 018 Fund - Principal Accounts • 200 Fund - Student Managed Accounts • 300 Fund - District Managed Accounts • State Grants • EMIS Subsidy • Technology Grants – SchoolNet, Data Communications • Poverty Based Assistance • Gifted Identification Funds

  21. Other Funds • Federal Grants • Title I – Targeted Assistance • Title II-A – Improving Teacher Quality • Title II-D - Technology • Title III – Limited English Proficient • Title IV-A – Safe and Drug Free • Title V – Innovative Programs • Title VI-B – Special Education

  22. Questions/Comments

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