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Public Budget Hearing

Get an overview of the New Albany-Floyd County Schools' 2020 budget, including per pupil increase, funding impacts, circuit breaker projections, tax rates, capital projects, and bus replacement plans.

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Public Budget Hearing

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  1. Public Budget Hearing New Albany Floyd County Schools 2020

  2. Overview • Per pupil increase of 2.089% • Complexity index now included into Basic Tuition Per ADM • Decreased 13.1% • Student count currently up around 75 students from prior year • Second ADM count could be a negative impact to funding • Projected Circuit Breaker up over $523,000 • Operation Fund improvement decreases from 3.5% to .626%

  3. Transportation Bus Replacement General Capital Projects Operations Education

  4. Circuit Breaker (Tax Cap) Impact • 2010 $526,038.01 • 2011 $916,096.70 • 2012 $932,298.92 • 2013 $1,316,030.28 • 2014 $1,304,626.87 • 2015 $1,473,124.76 • 2016 $1,402,012.97 • 2017 $956,283.50 • 2018 $853,636.73 • 2019 $874,225.02 2020 Projected: $1,397,761

  5. 2020 Budgets • Education Fund $84,170,500 • Debt Service Fund $11,113,617 • Referendum Fund $6,611,000 • Operations Fund $32,528,700 • Rainy Day Fund $2,000,000 • Total $136,423,817

  6. 2020 Tax Levy • Education Fund $0 • Debt Service Fund $10,500,000 • Referendum Debt Fund $7,500,000 • Operations Fund $19,500,000 • Rainy Day Fund $0 • Total $37,500,000

  7. Advertised vs. Actual Tax Rates • Advertised 2016 Rate 1.4840 • Actual 2016 Rate 1.1069 • Advertised 2017 Rate 1.2210 • Actual 2017 Rate 0.9404 • Advertised 2018 Rate 1.2498 • Actual 2018 Rate 1.0534 • Advertised 2019 Rate 1.3215 • Actual 2019 Rate 0.9998 • Advertised 2020 Rate 1.2931 • Estimated 2020 Rate 1.0000* • *Actual rate is a function of the levy and assessed valuation. • NAFCS rate in 2019 is below state average • Operations: .6724, Debt Service: .3621, Referendum: .2586

  8. Capital Projects • Transportation – Overhead Doors $50K • FCHS – Science Immersion Lab $250K • Georgetown – LED Lights $70K • Georgetown – Windows $300K • Grant Line – Chiller $150K • Scribner – Carpet Replacement $125K • Hazelwood – PAC Air Handler $300K • HHMS - Carpet Replacement $250K • Mt. Tabor – Windows $150K • NAHS – Hallway Flooring - $250K • NAHS – Chiller Rebuild $60K • Hazelwood, , Scribner, NAHS, HHMS – Pool Filter Replacement $25K per • Corp – Roofing and Flooring $350K

  9. Capital Projects • Technology Equipment/Materials: $2,000,000 • Equipment – Corporation: $897,000 • Maintenance of Equipment: $695,000 • Vehicles over next three years: 2 at $60,000; 1 at $45,000, 2 at $40,000, 8 at $35,000; 1 at $27,000; 1 at $20,000 • Bus Lift: $35,000

  10. Bus Replacement Plan • 4 Activity Buses • 8 Regular Buses • 2 Special Education Buses • Total Cost: $1,449,000

  11. Summary • Adoption: October 21, 2019 • Tax rate should remain stable for 2020 • Enrollment continues to be a major factor in funding • Bargaining is taking place with teachers and drivers

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