Presentation on theme: "2012 BUDGET Budget Hearing: October 10, 2011 Budget Adoption: October 26, 2011."— Presentation transcript:
2012 BUDGET Budget Hearing: October 10, 2011 Budget Adoption: October 26, 2011
BUDGET PRESENTATION FOCUS: The Five Questions: 1.How much will we spend and what will we spend it on? 2.How much revenue will we have and where will it come from? 3.Will our budget be balanced? 4.What does all this mean to the taxpayer? 5.What is our long-term outlook?
FIRST: The Required State of Indiana Budget Forms and Related Budget Documents
State Form 1 (Condensed)
State Form 1S
State Form 2 (Condensed)
State Form 3
Note: This does not reflect circuit breaker loss for 2011!
State Form 3
State Form 4 (Condensed)
State Form 4Bs (Condensed)
State Form 5 (Condensed)
CAPITAL PROJECTS PLAN (As Advertised)
2012 BUDGET: REVENUES How much revenue will we have and where will it come from?
2011 $32,102, $31,785,32 0
Lowest Target Revenue Per-Pupil SchoolTarget Funding per Pupil Montessori Geist Hoosier Academy - Muncie International School of Columbus Zionsville Community Schools Signature School Inc Carmel Clay Schools Hamilton Southeastern Schools M S D Southwest Allen County Northwest Allen County Schools West Lafayette Com School Corp Lowest Public School District Revenue Per Pupil In Indiana
$16,892,079$720,704$3,465,132$2,733,320$3,455 TOTAL $23,845,026
2012 BUDGET: EXPENDITURES How much will we spend and what will we spend it on?
70.4% of the 2012 General Fund Budget goes for personnel costs for the direct instruction of children! In all, personnel costs will be 85.9% of the 2012 General Fund budget. The salaries and benefits for teachers covered by the collective bargaining agreement are 65.9% of the General Fund Budget.
Personnel Costs are 75.3% of the Fund
Chart is per official plan. Actual number of expected 2012 replacements is Zero!
Chart is per official plan. Actual amount of expected 2012 expenditures is approximately $69,000 (Median price of one Type A bus).
2012 BUDGET: CASH FLOWS AND CASH BALANCES Will our budget be balanced?
$57,491,079TOTAL REVENUES$58,469,580$58,861,103$174,822, CUMULATIV E TOTALS $59,635,669TOTAL EXPENDITURES$61,069,637$63,653,672$184,358,978 $(2,144,163)NET DEFICITS$(2.600,057)$(4,792,569)$(9,536,79)
In a similar situation a couple of years ago, a very smart man once said The debate over the reserves is over, we are using them. The only question is whether we'll use every penny of them or find a way to have something left…
Zionsville Community Schools Ten Year Tax Rate History
Actual 2011 Tax Rate
2012 BUDGET PRESENTATION SUMMARY: The Five Questions and Their Answers: 1.How much will we actually spend and what will we spend it on? About $61 million will be spent as described earlier. 2.How much revenue will we have and where will it come from? All Combined, about $58.5 million, which will be made up of approximately 54% State funding, 41% Property Taxes, and 5% Other Sources. 3.Will our budget be balanced? This is unlikely. However, possible future events not included in our projections may have material effects on our budget. 4.What does all this mean to the taxpayer? The total tax bill for 2012 for the typical homeowner should be the same as in Owners of rental or commercial property may see a small increase. 5.What is our long-term outlook? Uncertain – Our expectations have been permanently lowered in regard to state funding. Additional cutbacks may be needed and those already made must be maintained.