CELINA CITY BOARD OF EDUCATION
BUDGET HEARING
January 12, 2009
The Celina City Board of Education met for its annual budget hearing on January 12, 2009 at 6:17 p.m. in the lecture hall of the High School. Mr. Fetters, Mr. Gilmore, Mrs. Hoyng, Mrs. Paulus and Mrs. Piper answered the roll call.
Mr. Gilmore announced the purpose of the session was to conduct a public hearing on budget for Fiscal Year 2010 (July 1, 2009 to June 30, 2010).
Mr. Marbaugh, Treasurer and Mr. Miller, Superintendent reviewed the budget with the Board. It was noted that the expenditures listed in the budget where identical to the five year forecast expenditures. However, due the State’s economy and statements made by the Governor about funding reductions, the revenues for the fiscal year were reduced by $1,000,000. That number represents approximately 10% of the net state funding for the General Fund. The need for expenditure reductions to correspond with any state funding reduction was also discussed.
The Board also discussed the impending decision that will need to be made about the possible Ohio School Facilities Commission project. After input from the Board and Mr. Miller, the consensus of opinion was to delay acceptance of any OSFC funding until such time as the economy start improving.
09-03 On a motion by Mrs. Hoyng, seconded by Mrs. Paulus, the Board approved the Budget for FY 2010.
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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, and |
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 |
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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 |
2008 |
2009 |
2009 |
2010 |
2010 |
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ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Fund Balance (Cash) |
$9,161,099 |
$11,288,117 |
$11,163,345 |
$11,500,000 |
$8,396,364 |
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Revenues: |
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Property Taxes (INCLUDES PTA) |
$12,878,473 |
$12,500,000 |
$6,250,000 |
$6,000,000 |
$6,250,000 |
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Income Tax |
$2,622,165 |
$2,350,000 |
$1,450,000 |
$700,000 |
$1,250,000 |
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Other Receipts |
$12,473,560 |
$12,335,228 |
$5,658,019 |
$5,700,000 |
$5,600,000 |
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Transfers In |
$345,511 |
$350,000 |
$350,000 |
$0 |
$350,000 |
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Total Resources |
$37,480,808 |
$38,823,345 |
$24,871,364 |
$23,900,000 |
$21,846,364 |
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Total Expenditures & Encumbrances |
$27,657,874 |
$29,060,000 |
$16,471,364 |
$16,903,636 |
$17,250,000 |
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Ending Unencumbered Fund Balance |
$9,822,934 |
$9,763,345 |
$8,400,000 |
$6,996,364 |
$4,596,364 |
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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 |
2008 |
2009 |
2009 |
2010 |
2010 |
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ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Fund Balance (CASH) |
$697,836 |
$763,911 |
$631,911 |
$151,911 |
$521,911 |
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Revenues: |
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Property Taxes (INCLUDES PTA) |
$1,389,156 |
$1,213,413 |
$650,000 |
$600,000 |
$650,000 |
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Income Tax |
$0 |
$0 |
$0 |
$0 |
$0 |
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Other Receipts |
$36,719 |
$35,000 |
$20,000 |
$20,000 |
$20,000 |
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Transfers In |
$0 |
$4,587 |
$0 |
$0 |
$0 |
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Total Resources |
$2,123,711 |
$2,016,911 |
$1,301,911 |
$771,911 |
$1,191,911 |
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Total Expenditures & Encumbrances |
$1,359,800 |
$1,385,000 |
$1,400,000 |
$250,000 |
$1,425,000 |
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Ending Unencumbered Fund Balance |
$763,911 |
$631,911 |
-$98,089 |
$521,911 |
-$233,089 |
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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 |
Ending |
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Fund |
Estimated |
Total |
Resources |
Estimated |
Estimated |
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BY |
Unencumbered |
Estimated |
Available For |
Expenditures & |
Unencumbered |
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Type |
Fund Balance |
Receipts |
Expenditures |
Encumbrances |
Balance |
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Special Revenue Funds |
884,000 |
3,994,000 |
4,878,000 |
4,132,500 |
745,500 |
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Debt Service Funds (Schedule 2) |
0 |
0 |
0 |
0 |
0 |
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Capital Project Funds |
91,400 |
65,000 |
156,400 |
101,500 |
54,900 |
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Expendable Trust Funds |
125,000 |
10,000 |
135,000 |
10,000 |
125,000 |
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Enterprise Funds |
275,000 |
1,225,000 |
1,500,000 |
1,270,000 |
230,000 |
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Internal Service Funds |
0 |
0 |
0 |
0 |
0 |
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Non-Expendable Trust Funds |
0 |
0 |
0 |
0 |
0 |
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Agency Funds |
400,000 |
1,125,000 |
1,525,000 |
1,275,000 |
250,000 |
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Note: Additional detail may be required by your County Auditor. Consider reports such as financial summaries, revenue summaries, and expenditure summaries as attachments to the tax budget document. Such reports could be computer generated from your accounting database and will provide individual fund activity (both actual and projected). |
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1,775,400 |
6,419,000 |
8,194,400 |
6,789,000 |
1,405,400 |
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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 |
$0.00 |
$0.00 |
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HB 364 Tax Anticipation Notes |
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04/20/95 |
12/01/05 |
$0.00 |
$0.00 |
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95 Bond Issue |
11/07/95 |
05/01/96 |
12/01/06 |
$0.00 |
$0.00 |
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95 Bond Issue-Refinancing |
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09/01/04 |
12/01/20 |
$11,464,993.70 |
$1,309,700.00 |
VOTE: Mr. Fetters: Aye, Mr. Gilmore: Aye, Mrs. Hoyng: Aye, Mrs. Paulus: Aye, Mrs. Piper: Aye.
Approved.
With no other business, the meeting adjourned at 6:30 p.m.
____________________________________ ______________________________
Board President Treasurer