CELINA CITY BOARD OF EDUCATION
BUDGET HEARING
January 10, 2005
The Celina City Board of Education met in special session to conduct a hearing the 2006 Fiscal Year Budget. The meeting was held on January 10, 2005 at 6:16 p. m. in the Lecture Hall of the High School. Mr. Fetters, Mr. Gilmore, Mrs. Hoyng, Mrs. Lehman and Mr. Rable answered the roll call.
The 2006 Fiscal Year Budget war presented to the Board.
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DIVISION OF TAXES LEVIED |
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(Levies Inside & Outside 10 Mill Limitation, Inclusive Of Debt Levies) |
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(List All Levies Of The Taxing Authority) |
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Funds (General, Permanent Imp., Library, Other) |
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SCHEDULE 1 |
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I |
II |
III |
IV |
V |
VI |
VII |
VIII |
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Authorized |
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Number |
Tax |
Collection |
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By Voters |
Levy |
Of Years |
Year |
Year |
Maximum |
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Fund |
Purpose |
On |
Type |
Levy |
Begins/ |
Begins/ |
Rate |
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MM/DD/YY |
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To Run |
Ends |
Ends |
Authorized |
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General Fund |
Operating |
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Inside Millage |
Permanent |
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4.70 mills |
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General Fund |
Operating |
Prior to 1977 |
Continuing |
Permanent |
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15.30 mills |
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General Fund |
Operating |
6/7/1977 |
Continuing |
Permanent |
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3.75 mills |
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General Fund |
Operating |
5/6/2003 |
Renewal |
Three |
2004/2007 |
2004/2006 |
6.80 mills |
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General Fund |
To avoid operating deficit |
3/2/2004 |
New |
Three |
2005/2008 |
2005/2007 |
7.90 mills |
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Debt Service |
Bond Issue |
11/7/1995 |
New |
Twenty Five |
1996/2022 |
1996/2021 |
5.36 mills |
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STATEMENT OF FUND ACTIVITY |
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(Complete only for General Fund , Bond Retirement Fund any other funds |
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requesting general property tax revenue) |
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Celina City Board Of Education |
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SCHEDULE 2 |
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FUND: General Fund |
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I |
II |
III |
IV |
V |
VI |
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Budgeted FY |
Budgeted FY |
Next FY |
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Prior Fiscal Year |
Current FY |
July 1-Dec.30 |
Jan. 1-June 30 |
July 1-Dec.30 |
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DESCRIPTION |
2004 |
2005 |
2005 |
2006 |
2006 |
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ACTUAL |
ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Unencumbered Fund Balance |
$3,466,204.00 |
$823,314.00 |
$289,310.00 |
$489,310.00 |
-$427,584.00 |
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Revenues: |
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Property Taxes |
$8,137,229.00 |
$9,211,000.00 |
$5,500,000.00 |
$5,168,106.00 |
$5,600,000.00 |
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Income Tax |
$329,472.00 |
$2,100,000.00 |
$1,200,000.00 |
$900,000.00 |
$1,200,000.00 |
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Other Receipts |
$12,722,687.00 |
$12,300,000.00 |
$6,000,000.00 |
$6,125,000.00 |
$6,000,000.00 |
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Transfers In |
$355,492.00 |
$350,000.00 |
$300,000.00 |
$50,000.00 |
$300,000.00 |
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Total Resources |
$25,011,084.00 |
$24,784,314.00 |
$13,289,310.00 |
$12,732,416.00 |
$12,672,416.00 |
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Total Expenditures & Encumbrances |
$24,187,770.00 |
$24,495,004.00 |
$12,800,000.00 |
$13,160,000.00 |
$13,860,000.00 |
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Ending Unencumbered Fund Balance |
$823,314.00 |
$289,310.00 |
$489,310.00 |
-$427,584.00 |
-$1,187,584.00 |
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FUND: Debt Service (includes General Fund Debt) |
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I |
II |
III |
IV |
V |
VI |
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Budgeted FY |
Budgeted FY |
Next FY |
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Prior Fiscal Year |
Current FY |
July 1-Dec.30 |
Jan. 1-June 30 |
July 1-Dec.30 |
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DESCRIPTION |
2004 |
2005 |
2005_ |
2006 |
2006 |
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ACTUAL |
ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Unencumbered Fund Balance |
$418,211.00 |
$452,680.00 |
$13,907,680.00 |
$13,200,125.00 |
$12,698,458.00 |
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Revenues: |
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Property Taxes |
$1,366,934.00 |
$1,290,777.00 |
$742,445.00 |
$548,333.00 |
$750,000.00 |
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Income Tax |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
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Other Receipts |
$153,543.00 |
$15,164,223.00 |
$200,000.00 |
$200,000.00 |
$200,000.00 |
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Transfers In |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
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Total Resources |
$1,938,688.00 |
$16,907,680.00 |
$14,850,125.00 |
$13,948,458.00 |
$13,648,458.00 |
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Total Expenditures & Encumbrances |
$1,486,008.00 |
$3,000,000.00 |
$1,650,000.00 |
$1,250,000.00 |
$13,500,000.00 |
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Ending Unencumbered Fund Balance |
$452,680.00 |
$13,907,680.00 |
$13,200,125.00 |
$12,698,458.00 |
$148,458.00 |
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VOTED and UNVOTED DEBT OUTSIDE 10 MILL LIMIT |
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Celina City Board Of Education |
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SCHEDULE 4 |
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I |
II |
III |
IV |
V |
VI |
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Amount Required |
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Authorized |
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Principal Amount |
To Meet |
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By Voters |
Date |
Final |
Outstanding |
Budget Year |
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Purpose Of Notes Or Bonds |
On |
Of |
Maturity |
At The Beginning |
Principal & Interest |
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MM/DD/YY |
Issue |
Date |
Of The Year |
Payments |
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EPA Notes |
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11/01/90 |
12/01/08 |
$153,634.60 |
$43,895.60 |
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HB 364 Tax Anticipation Notes |
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04/20/95 |
12/01/05 |
$110,000.00 |
$112,997.50 |
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95 Bond Issue |
11/07/95 |
05/01/96 |
12/01/06 |
$1,170,000.00 |
$580,000.00 |
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95 Bond Issue-Refinancing |
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09/01/04 |
12/01/22 |
$13,544,993.70 |
$691,700.00 |
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05-08 On a motion by Mr. Rable, seconded by Mr. Fetters, the Board approved the budget as presented.
VOTE: Mr. Fetters: Aye, Mr. Gilmore: Aye, Mrs. Hoyng: Aye, Mrs. Lehman: Aye,
Mr. Rable: Aye. Approved.
With no other special business, the meeting was adjourned at 6:24 p.m.
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Board President Treasurer