Presentation on theme: "FY 2007 BUDGET PROCESS PUBLIC HEARING #1 TUESDAY, FEBRUARY 28, 2006 7:00 PM ADMINISTRATIVE CENTER."— Presentation transcript:
FY 2007 BUDGET PROCESS PUBLIC HEARING #1 TUESDAY, FEBRUARY 28, :00 PM ADMINISTRATIVE CENTER
2 FY2007 Tentative Budget Calendar ActivityLocationDateTime FY06 mid-year budget review & FY07 preliminary draft review and budgetAdministrative CenterFebruary 28, 20065:00 p.m. - 6:00 p.m. Public Hearing #1 - BudgetAdministrative CenterFebruary 28, 20067:00 p.m. Board Roundtable- Preliminary School Allocation Formulas and Cost Center GuidelinesDunwoody Springs CharterMarch 28, 20065:00- 6:30 p.m. Public Hearing #2 - BudgetDunwoody Springs CharterMarch 28, 20067:00 p.m. Board Workshop - Budget Work Session #1Hamilton E. Holmes ESApril 20, 20064:30 -6:00 p.m. Board Roundtable - Budget Work Session #2Administrative CenterApril 25, 20065:00 p.m. Board Workshop - Budget Work Session #3Dunwoody Springs CharterMay 11, 20064:30 - 6:00 p.m. Board Workshop - Budget Work Session #4Administrative CenterMay 15, 20065:00 p.m. Board Roundtable - Budget Work Session #5Dunwoody Springs CharterMay 23, 20065:00 p.m. Public Hearing #1 on Millage Rates (if required)Administrative CenterJune 1, :00 a.m. Salary Schedule HearingDunwoody Springs CharterJune 1, 20065:00 p.m. Public Hearing #2 on Millage Rates (if required)Dunwoody Springs CharterJune 1, 20066:00 p.m. Budget Workshop - Board Work Session #6Dunwoody Springs CharterJune 1, 20067:00 p.m. Public Hearing #3 on Millage Rates (if required)Administrative CenterJune 8, 20064:00 p.m. Board adopts Final Budget & Final Millage Rates (*)Hamilton E. Holmes ESJune 8, 20066:30 p.m. (May require a called Board meeting depending on the County's Schedule)
3 Enrollment History Forecasted, 10-Day, and First Month FY 1996-FY 2006
4 Student Growth Based on Forecasted Enrollment
5 Student Growth Based on 1 st Month Actual Enrollment (1 st Month Actual Enrollment for FY00-FY06; Forecasted Enrollment for FY07-FY10) FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 Total 67,097 68,264 69,709 71,290 73,036 75,533 80,659 86,659 91,712 96, ,775 Change 1,491 1,167 1,445 1,581 1,746 2,497 5,126 6,000 5,053 5,013 4,050 % Increase2.27%1.74%2.12%2.27%2.45%3.42%6.79%7.44%5.83%5.47%4.19%
School Resources Student Enrollment
7 Forecasted Revenues and Expenditures
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 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 % Solution, HR 58 - Sales Tax vs. Property Tax, HB 931- Sale of Tax Liens, HR Property Assessment Freeze, TABOR – Taxpayers Bill of Rights/Colorado, HB 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 Year Fiscal Year ( ) ( ) ( ) ( ) ( ) ( ) ( ) State QBE Tax5.000 Maintenance & Operation Sub-Total Debt Service Total Millage Levied
18 Property Tax Challenges: Total Millage Rate Summary Tax Year Fiscal Year ( ) ( ) ( ) ( ) ( ) ( ) ( ) Total Millage: Change: 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 Direct Instruction, 2100-Pupil Services, Staff Development, Media
22 PUBLIC HEARING #1 TUESDAY, FEBRUARY 28, 2006 ADMINISTRATIVE CENTER