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Updated FY2012 Revenue & Expenditures

Updated FY2012 Revenue & Expenditures. Park Hill Board of Education May 26, 2011. Budget Timeline. November-December, 2010 Preparation of FY2011 Budget Guidelines January 13, 2011 FY2012 Budget Assumptions January - February, 2011

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Updated FY2012 Revenue & Expenditures

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  1. Updated FY2012 Revenue & Expenditures Park Hill Board of Education May 26, 2011

  2. Budget Timeline • November-December, 2010 • Preparation of FY2011 Budget Guidelines • January 13, 2011 • FY2012 Budget Assumptions • January - February, 2011 • 2011-2012 Budget Manual and budget allocations distributed to district budget leaders • Budget reviews for each unit • February 24, 2011 • Presentation to the Board: Demographic Profile & Enrollment Projections • March 24, 2011 • Presentation to Board of Education: Preliminary Revenue Budget for FY2012

  3. Budget Timeline • April 28, 2011 • Presentation to Board of Education: Preliminary FY2012 Expenditure Budget • May 26, 2011 • Presentation to Board of Education: Updated FY2012 revenue and expenditure budgets • June 9, 2011 • Presentation to Board of Education: Updated FY2012 revenue and expenditure budgets • June 23, 2011 • Presentation to Board of Education: FY2011 Budget Amendment and recommendation for approval of FY2012 Budget • August 25, 2011 • Board of Education – Set the 2011-2012 Tax Rate

  4. Operating Revenue

  5. Revenue • Drop In Existing Assessed Valuation in 2011 • Excludes new construction • Missouri Hancock Amendment Allows For an Increase in Tax Ceiling • Reassessment cannot result in increased revenues during times of increased Assessed Valuation (AV) or decreases during drops in AV • Reassessment should be “revenue neutral” • Potential Tax “Rollup” by $0.02 to $0.04 per $100 of Assessed Valuation • Board of Education sets the 2011-2012 tax rate in August, 2011

  6. Expenditures • Operating Expenditures • For balanced budget, budgeting $121.1 million in operating expenditures

  7. FY2012 Budgeted Operating Expenditures

  8. Expenditures • Operating Expenditures • For balanced budget, budgeting $121.1 million in operating expenditures • Budget an increase in salaries (~3.0%) • Step Recovery From FY2011 • Step Movement (as typical)

  9. Updated FY2012 Revenue & Expenditures Park Hill Board of Education May 26, 2011

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