1 / 22

CTMS Bond & budget discussions april 26, 2013

CTMS Bond & budget discussions april 26, 2013. Budget. GCISD Budget General Operating-$141 Million Child Nutrition-$5 Million Debt Service-$31 Million Building a Budget Campus Allocations-Per Pupil- CTMS $113,495 (2013-14) Per Pupil ($92)-$ 68,632 Athletics ($13)-$9,698

gary-norris
Download Presentation

CTMS Bond & budget discussions april 26, 2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CTMS Bond & budget discussions april 26, 2013

  2. Budget • GCISD Budget • General Operating-$141 Million • Child Nutrition-$5 Million • Debt Service-$31 Million • Building a Budget • Campus Allocations-Per Pupil- CTMS $113,495 (2013-14) • Per Pupil ($92)-$68,632 • Athletics ($13)-$9,698 • Staff Development ($60)-$2,465 • Special Programs-$32,700

  3. Budget • Building a Budget • Estimate Revenues • Estimate Payroll Costs-86% of Budget-$88 Million • Estimate Robin Hood Payment-$28 Million

  4. Budget • Revenue Estimates (Money in the Bank) • Tax Revenues • Estimated based on tax properties • Estimated based on current tax rate • State Revenues • Funding decreased during 2011-2012 school year • Calculate based on current formulas and projected student enrollment • Federal Revenues • Flood Control Payment

  5. Budget • Revenue Estimates (Money in the Bank) • Other Local Revenues • Athletic receipts • Tuition • Rentals • ECDC/KidzU • Phone Tower Rentals • Participation Fees • Interest • Parking Fees

  6. Revenues * Excludes TIF ($8,000,000) and Recapture ($28,020,876)

  7. Budget • Expenditure Estimates (Money out of the Bank) • Payroll • Supplies & Materials • Utilities • Insurance • Other

  8. Expenditures * Excludes TIF ($8,000,000) and Recapture ($28,020,876)

  9. Expenditures

  10. GCISD Current Budget & Projections Projections through 2015-2016 Under Current Law

  11. Different Pots of Money • General Operating Fund • Pay for everyday costs to run a school • Pay for teachers and supplies • Debt Service Fund • Pay our loans off • Construction Fund • Pay for construction costs

  12. Different Pots of Money HOW DOES THE MONEY GET INTO EACH POT!!

  13. Tax Rate Maintenance & Operations Interest & Sinking $.2801 Keep 100% in GCISD $1.04 30% Goes to State

  14. School Finance 101

  15. 2011 Bond Election Process • Community survey • Will anybody vote for it? • Facility assessment • What do we need? • Campus demographics and enrollment projections • Do we need more space? • Wish lists submitted by campuses & departments

  16. 2011 Bond Election Process • Form Bond Planning Committee (BPC)-52 Members • Teachers • Community members • Librarians • Coaches • Principals/Asst Principals • Nurses • Parents

  17. 2011 Bond Election Process • BPC Subdivided into smaller groups • Elementary • Secondary • Technology • Sports Facilities • Furniture & Equipment • BPC Review • Determine which projects to keep or eliminate • Look at all costs • Determine how much money to ask for • BPC makes final recommendation to the Board of Trustees

  18. 2011 Bond Election Process • BPC makes final recommendation to the Board of Trustees • Board calls a bond election • February 2011 • $124.5 Million • Bond Election • May 14, 2011 • Voters approved by more than 2:1

  19. Bond Projects • GCISD Website • 2011 Bond Program • Resources • 2011 Bond Election Website • Bond Proposal • List of Projects and Costs • Tax rate analysis for public • 3.93 cent increase communicated • 3.05 cent actual increase

  20. PSA: School Finance & Bond Election Reminders • School Administration may not campaign • Can only give facts • Political Action Committee (PAC) • Campaign for the bond election

  21. PSA: School Finance & Bond Election Reminders Due to State Funding Cuts General Fund revenues no longer exceed expenditures In GCISD, we keep 100% of bond funds We like cool buildings and technology for our students

  22. PSA: School Finance & Bond Election Reminders • Property values will continue to increase • People will want to buy houses in our district • Taxes will not increase for those over 65 • Facility will help generate funds for the General Fund • Rentals • Corporate Sponsorships (Naming Rights)

More Related