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Disclaimer • Revenue numbers are estimates only and are being provided for planning purposes only.
Mission of Covington County School District’s Budget • Financially accommodate the purpose of the school district’s mission statement. • Support the education of the current enrollment by providing for rising cost. • Maintain the integrity of the District. • Provide financial opportunities to take every student to the next level.
Covington County Schools Enrollment • 2011-2012 ------- 3108 students • 2010-2011 -------- 3113 students • 2009-2010 ------- 3184 students
Where does THE Money GO? • Instructional $15,533,444.00 • District Administration $ 912,808.00 • School Administration $ 1,554,264.00 • Transportation, Maintenance, and Other Expenses $ 5,849,639.00
Maintaining the Level of Effort • Step increase for instructional staff, retirement increase (From 12.93% to 14.26%) • Health Insurance Cost (possibility of 2% increase) • Increase transportation cost FY12 Fuel Cost $343,500 FY13 Budgeted $390,000
Where does our money come from? Local Taxes 22% State 53% Federal 19% 16th Section 3% Other Local 3%
Millage Report of the Surrounding Area • Smith County ------- • Simpson County ----- 41.12 mils • Jeff Davis County --- 45.7 mils • Covington County --- 31.5 mils
The Basic Pieces • Average Classroom Teacher Salary $43,976.00 • Cost of Substitute Per Day $ 70.00 non-certified $100.00 certified teacher • (16) National Board Teachers • Value of 1 mill - $170,000.00 • Administrative Cost- CCSD ranks 88 of 152 in the state. • Average Enrollment FY12 3108 students.
What will the millage rate be? • The District’s request is in $$’s. The Board of Supervisors sets the mils. So we can only estimate.
Summary • The increase in 2012-2013 operating local advalorem request is estimated $320,794.00 FY12 millage rate : 31.5 – Operating Mils 1.8 – Debt Service Total 33.3 Mils FY13 Request : $5,645,954.00 Operations (33.2) $ 85,000.00 Debt Service (.5) Total 33.7 Mils Anticipated
Summary Continued • Budgeted Expenditures $26,569,110.36 • Budgeted Revenue $26,631140.52
Published Notice of Hearing The following notice’s form and content is controlled by Miss. Code Ann. Section 27-39-207. This section is to clarify the impact. Due to a reduction in state funding, programs required by Legislature, increases in local operating costs and growth in enrollment, the District is requesting more local funding dollars for the 2012-2013 school year than the District requested in 2011-2012 school year. ___________________________________________________________ Notice of Tax Increase-Covington County School District The Covington County School District will hold a public hearing on its proposed school district budget for fiscal year 2012-2013 on July 23, 2012 at 5:30 pm at Covington County Vocational Center, 1200 South Dogwood Avenue, Collins, MS 39428. At this meeting, a proposed ad valorem tax effort increase will be considered. The Covington County School District is now operating with projected total budget revenue of $ 27,513,701.51 (20 percent) of $ 5,356,665.00, of such revenue is obtained through ad valorem taxes. For next fiscal year, the proposed budget has total projected revenue of $ 26,631,140.52 of that amount, (22 percent) of $ 5,645,954.00 is proposed to be financed through a total ad valorem tax levy. This increase in ad valorem tax revenue means that you will pay more in ad valorem taxes on your home, automobile tag, utilities, business fixtures, and equipment and rental real property. Any citizen of Covington County School District is invited to attend this public hearing on the proposed ad valorem tax increase, and will be allowed to speak for a reasonable amount of time and offer tangible evidence before any vote is taken. ___________________________________________________________