1. BRYSON ISD 2014-2015 Proposed Budget and Tax Rate Prepared by David Stout, Bryson ISD Superintendent

2. District Funding State Aid Local Taxes Federal Funds

3. State Aid History “Target Revenue” system locked in funding at 2005-2006 levels. Legislature cut local property tax rates by 33% from cap of $1.50 to $1.00 Loss of local property tax revenue from budget revenue has never been replaced in state aid since the property taxes were cut by 33%. Legislature cut additional state funding in 2011 and we are still not back to 2011 levels of funding Transportation allotment was last updated in 1984

4. Property Values Certified property values decreased for Bryson ISD in 2014. That is a double negative for 14-15 budget when combined with increase in property values that occurred for Bryson ISD in 2013. State funds us on 2013 values. Since values decreased, we will not collect as much local tax in 2014 as we did in 2013 and the state will not send as much aid as they would if they knew that our 2014 values had decreased from our 2013 values.

5. Positive Factors Affecting Finances BISD has a diverse local property value based on mineral resources and wind energy. District enrollment is up 25 students from last day of school last year and up about 40-45 students over what was expected over the summer while building the budget.

6. Negative Factors Affecting Finances 2014 values are down from 2013 values State aid will be lower than 2014 values dictate because our property values decreased this year, but TEA funds us on previous year values Local tax collection will be down due to decreased property values for 2014 State cuts in funding in 2011 have not been restored Low Interest Rates We have lost $74,000 in annual Federal funding since September 1, 2012.

7. Goals of Budget Process Provide High Quality School for Children of the Community. Fairness and Responsibility to Taxpayers Maximize Available State Aid Ensure Future Financial Health of District Retain High Quality personnel Work toward a balanced budget without wind farm revenue

8. Property Taxes are Determined By: Local Property Values State Laws District Tax Rate – Effort (we have highest M&O rate possible without a TRE) Bonded Debt (I&S rate)

9. Tax Rate Determination 2014-15 Tax Rate = Maintenance and Operation- $1.04 is highest legal amount without voter approved Tax Ratification Election that could net up to.13 more Interest and Sinking Fund- amount necessary to pay our debt =.34

10. Proposed Tax Rate The Proposed Tax Rate for 2014-2015 is: M&O = 1.04 I&S =.34 For a total rate of $1.38/$100 Valuation. Same as last year. Local early payment decrease applies to M&O & I&S rate.

11. Taxes Due for Average Home in BISD Taxes due on average residence for last year was $433.62 Taxes due on average residence for this year is $443.86 Increase for this year on average residence in district is $10.24 8 years ago tax rate was $1.50 for M&O and.07 for I&S or total of $1.57 ($1.38 for this year)

12. Benefits Maintains about $200,000 dollars in cuts to budget that have been implemented since September 1, 2011. Maintains reduced staff level compared to 4 years ago. This budget cycle has 4 fewer FTE’s to serve 276 kids than FTE’s that served 207 kids for the 10- 11 budget cycle. Compared to last year, maintains all programs and services for kids and benefits for employees.

13. Comparisons FB officials increased 25% (from 12-13) BB officials increased 90% (from 12-13) VB officials increased 100% (from 12-13) Erate decreased 10% Electricity budget increased 15% Natural Gas budget increased 15% Total HR cost is down about $9,000 compared to last year Supply budgets are the same Tax rate remains the same Last year was a surplus budget this year is a deficit budget

14. Fund 199

15. Fund 240

16. Fund 599