CELINA CITY BOARD OF EDUCATION
BUDGET HEARING
January 15, 2007
The Celina City Board of Education met in special session to conduct the budget hearing on the Fiscal Year 2008 on January 15, 2007 at 6:15 p.m. in the conference room of the Education Complex. Mr. Fetters, Mr. Gilmore, Mrs. Hoyng, Mrs. Piper, and Mr. Rable answered the roll call.
07-04 On a motion by Mrs. Piper, seconded by Mr. Rable, the Board was presented the Fiscal 2008 budget for discussion.
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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, Debt Service) |
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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 |
Avoiding an operating deficit |
5/2/2006 |
Renewal |
Five |
2006/2010 |
2007/2011 |
12.30 mills |
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Debt Service |
Bond Issue |
11/7/1995 |
New |
Twenty Five |
1995/2019 |
1996/2020 |
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 (includes General Fund Debt Service) |
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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 |
2006 |
2007 |
2007 |
2008 |
2008 |
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ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Fund Balance (Cash) |
$2,294,547.00 |
$5,957,767.00 |
$7,588,871.00 |
$8,588,871.00 |
$6,894,975.00 |
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Revenues: |
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Property Taxes (INCLUDES PTA) |
$12,582,395.00 |
$12,100,000.00 |
$6,500,000.00 |
$5,500,000.00 |
$6,500,000.00 |
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Income Tax |
$2,349,207.00 |
$2,300,000.00 |
$1,300,000.00 |
$1,000,000.00 |
$1,300,000.00 |
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Other Receipts |
$12,255,317.00 |
$11,900,000.00 |
$5,800,000.00 |
$5,375,000.00 |
$6,000,000.00 |
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Transfers In |
$435,672.00 |
$400,000.00 |
$300,000.00 |
$100,000.00 |
$300,000.00 |
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Total Resources |
$29,917,138.00 |
$32,657,767.00 |
$21,488,871.00 |
$20,563,871.00 |
$20,994,975.00 |
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Total Expenditures & Encumbrances |
$25,340,221.00 |
$26,068,896.00 |
$14,900,000.00 |
$14,668,896.00 |
$15,525,000.00 |
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Ending Unencumbered Fund Balance |
$4,576,917.00 |
$6,588,871.00 |
$6,588,871.00 |
$5,894,975.00 |
$5,469,975.00 |
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FUND: Debt Service |
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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 |
2006 |
2007 |
2007 |
2008 |
2008 |
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ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Fund Balance (CASH) |
$14,919,045.00 |
$739,763.00 |
$594,663.00 |
$194,663.00 |
$473,663.00 |
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Revenues: |
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Property Taxes (INCLUDES PTA) |
$1,345,921.00 |
$1,200,000.00 |
$670,000.00 |
$500,000.00 |
$650,000.00 |
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Income Tax |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
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Other Receipts |
$165,504.00 |
$54,900.00 |
$30,000.00 |
$54,000.00 |
$30,000.00 |
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Transfers In |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
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Total Resources |
$16,430,470.00 |
$1,994,663.00 |
$1,294,663.00 |
$748,663.00 |
$1,153,663.00 |
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Total Expenditures & Encumbrances |
$15,690,707.00 |
$1,400,000.00 |
$1,100,000.00 |
$275,000.00 |
$1,125,000.00 |
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Ending Unencumbered Fund Balance |
$739,763.00 |
$594,663.00 |
$194,663.00 |
$473,663.00 |
$28,663.00 |
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STATEMENT OF FUND ACTIVITY |
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Funds with Revenue Other Than Local Taxes |
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Celina City Board of Education |
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SCHEDULE 3 |
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I |
II |
III |
IV |
V |
VI |
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Beginning |
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Total |
Total |
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