8 General Fund Revenue Summary Where does the money come from? All Others (i.e., Tuition & Interest on Investments) State Sources Ad Valorem Taxes All grants (Title I, Title II, Title IV, Title VIB, etc.) are included in the Grants/Special Revenue Fund.
9 SOME CURRENT BUDGET CHALLENGES Federal Government Balanced budget Balanced budget Unfunded federal mandates Unfunded federal mandates NCLB (No Child Left Behind) NCLB (No Child Left Behind) Title I funding, eligibility rules, etc. Title I funding, eligibility rules, etc. ADA, Idea, Section 504, etc. ADA, Idea, Section 504, etc. Others Others
10 SOME CURRENT BUDGET CHALLENGES State of Georgia Existing State legislation (i.e. SB 177 - Millage Rollback, Q.B.E. 5 Mills Local Fair Share, HB 1187, SB249, HB 1190, SB 35, Class Size and Expenditure Controls, Q.B.E. Tests, etc.) Potential new legislation (i.e. SB 390 - 65% Solution, HR 58 - Sales Tax vs. Property Tax, HB 931- Sale of Tax Liens, HR 162 - Property Assessment Freeze, TABOR – Taxpayers Bill of Rights/Colorado, HB 1063- Exemption of All Business Inventory from All Ad Valorem Taxes, etc.) HB 1358-Truth in Class Size? Additional HS Counselors? PE: 150 minutes minimum requirement vs. 100 minutes/ week
11 SOME CURRENT BUDGET CHALLENGES Austerity Reductions, unfunded State programs, etc. Austerity Reductions Lawsuit on adequate funding of public education in Georgia IE2- Governors Finance Task Force Calendar Year 2006: election year (General Election, Special Election, Referendum, etc.) Potential State raise on State salary schedule: 4%? Others
12 SOME CURRENT BUDGET CHALLENGES Local and Other Government Entities Tax Commissioner, Tax Assessors office, BOA, County Manager, etc. Exempt vs. Non-exempt Properties: potential lost revenue? Audit from Cherry, Bekaert & Holland, CPA Local economy (Delta, AT&T, Bell South, Coca Cola, Georgia Power, Ford Motor Co., local medium and small businesses, etc.) Enrollment Growth (Where? When? How much?) SPLOST III Others
13 State Revenue Challenges: Local Fair Share Tax History
14 State Revenue Challenges: Fulton County School System State Austerity Reductions $56,572,512 Est.
15 Statewide Funding for K-12 Public Education: General Fund
16 FCSS Funding for K-12 Public Education: General Fund
17 Property Tax Challenges: Millage Rate History Tax Year1999200020012002200320042005 Fiscal Year (1999- 2000) (2000- 2001) (2001- 2002) (2002- 2003) (2003- 2004) (2004- 2005) (2005- 2006) State QBE Tax5.000 Maintenance & Operation14.86014.35013.26013.46012.75812.31512.825 Sub-Total19.86019.35018.26018.46017.75817.31517.825 Debt Service0.9000.8000.7600.31000.2980.291.282 Total Millage Levied20.76020.15019.02018.77018.05617.60618.107
18 Property Tax Challenges: Total Millage Rate Summary Tax Year1999200020012002200320042005 Fiscal Year (1999- 2000) (2000- 2001) (2001- 2002) (2002- 2003) (2003- 2004) (2004- 2005) (2005- 2006) Total Millage: 20.76020.15019.02018.77018.05617.60618.107 Change: - -0.610-1.130-0.250-0.714-0.4500.501 Apx. Cumulative Dollar Value Savings Provided to Tax Payers Through Millage Rollbacks- $53M
19 FULTON COUNTY SCHOOLS Total Millage Rate Comparisons Current Approximate Value Of One (1) Mill In Fulton County Is $22 - $23 Million
20 Expenditure Challenges: GENERAL FUND Resources Allocation by Major Categories of Expenditures Where does the money go?
21 Expenditure Challenges: GENERAL FUND Resources Allocation by State Function Codes Where does the money go? Instruction*, 75% Operations/Maintenance & Plant Services, 9% Student Transportation Services, 4.6% School Administration, 5.9% Support Services - Central, 1.9% Transfers & Others, 1.5% Administration, 2.1% *Instruction includes State Function 1000- Direct Instruction, 2100-Pupil Services, 2210- Staff Development, 2220- Media
22 PUBLIC HEARING #1 TUESDAY, FEBRUARY 28, 2006 ADMINISTRATIVE CENTER