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2019-2020 Board Budget and Tax Rate Adoption Public Hearing Meeting August 26, 2019

2019-2020 Board Budget and Tax Rate Adoption Public Hearing Meeting August 26, 2019. Presented by: Dr. Robert Bostic, Superintendent Jesus Amezcua, PhD, CPA, RTSBA, Acting Chief Financial Officer. Presentation Narrative: https://www.showme.com/sh?h=c0ID5Vo. 2019-2020 Agenda SMSD &

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2019-2020 Board Budget and Tax Rate Adoption Public Hearing Meeting August 26, 2019

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  1. 2019-2020 Board Budget and Tax Rate Adoption Public Hearing MeetingAugust 26, 2019 Presented by: Dr. Robert Bostic, SuperintendentJesus Amezcua, PhD, CPA, RTSBA, Acting Chief Financial Officer Presentation Narrative: https://www.showme.com/sh?h=c0ID5Vo

  2. 2019-2020 Agenda SMSD & City Council • Approval of Budget a. General Fund b. Debt Service Fund c. Child Nutrition Fund • Approval of Tax Rate • Maintenance and Operations • Interest and Sinking

  3. Assumptions in the General Fund Budget Revenue • ADA of 3,369 including [plus 40 students] • Increase in Values by $86.4 Million -- $2.619 Billion • Collection rate – budgeted at 100% • Tax Rate Compression to $.97005 for M&O • Tax Rate for Debt Service $.28 = 1.25005 Total Tax Rate Expenditure • NO CH 41 recapture • 11.5 FTEs increase $796,000 Est. • Salary increase by 3% to 5% • Beginning teacher salary $55,500 (addition of $4,500 for beginning) 0-4yrs = $4,500; 5+yrs $5,000 • 3% FOR 100, AND 200 Plans; 5% for 300, 400 and 500 Plans and 503 and 506 increase of $4/hr. • Continue Attendance and Retention Incentives $140,000 • Ninja Teachers $153,000

  4. Funds required for adoption and recommended tax rate

  5. Update to the Proposed Budget Note: Changes due to recalculations, programs that are self sustaining and identified in a different fund other than fund 199. Added fees for after school and state aid recalculations.

  6. General Fund Revenue Assumptions

  7. General Fund Appropriation Assumptions

  8. Child Nutrition Fund

  9. Debt Service Fund

  10. I certify that the foregoing information is true and accurate to the best of my knowledge. /s/ Dr. Jesus Amezcua, Acting Chief Financial Officer *** Q & A

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