Professional Documents
Culture Documents
Finance Committee
January 19, 2012
Updated Financial Projections
Presented by Al Gegenheimer, Superintendent
Purpose of Committee
Education: The committee will learn about
School Finance and the critical issues
confronting the school community.
Feedback: The committee will provide
feedback to the Board and administration.
Advisory: The committee will serve as an
advisory committee to the Board of
Education.
Assessed Value
History
Levy Year
EAV
% Increase
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
$350,908,619
$446,728,329
$492,048,449
$546,660,396
$578,047,798
$665,802,675
$807,459,788
$876,709,777
$891,881,592
$842,805,535
23.04%
21.45%
9.21%
9.99%
5.43%
13.18%
17.54%
7.9%
1.7%
-5.82%
Extension
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
$2.9704
$2.8053
$2.7908
$2.9643
$2.9344
$2.8518
$2.8184
$2.8684
$2.9295
$2.9544
$10,423,389
$12,532,069
$13,732,088
$16,204,654
$16,962,234
$18,987,360
$22,757,446
$25,147,571
$26,127,968
$24,983,642
Education
Fund Levy
Other
Revenue
Total
Revenue
2001/02
$5,647,127
$1,720,328
$7,367,455
2002/03
$6,298,106
$2,628,485
$8,926,591
2003/04
$8,057,236
$3,242,222
$11,299,458
2004/05
$9,214,231
$3,832,931
$13,047,162
2005/06
$10,540,853
$4,615,904
$15,156,757
2006/07
$11,079,629
$4,945,267
$16,024,896
2007/08
$13,082,776
$8,262,826
$21,345,602
2008/09
$13,764,572
$6,298,303
$20,062,875
2009/10
$13,865,248
$6,859,400
$20,724,648
2010/11
$13,183,832
$7,390,876
$20,574,708
$5,695,060
$6,185,142
$7,168,754
$8,069,080
$8,871,932
$10,998,055
$12,762,620
$14,092,210
$16,384,095
$15,736,253
Other
Costs
Total
Expenses
$1,556,982
$2,285,940
$2,705,387
$3,595,256
$3,959,300
$4,724,985
$5,538,332
$5,252,670
$6,474,058
$6,838,674
$7,252,042
$8,471,082
$9,874,141
$11,664,336
$12,831,232
$15,723,040
$18,300,952
$19,344,880
$22,858,153
$22,574,9278
Revenues/Expenses
History
$22.86
$21.35
$20.06
$20.00
$20.72 $20.57
$20.13
$16.02
$15.00
$15.15
$12.83
$13.05
$18.30
$15.72
Revenues
$11.30
$10.00
Expenses
$11.66
$8.93$8.47
$7.37
$7.25
$9.87
$5.00
$0.00
FY2002
FY2004
FY2006
FY2008
FY2010
Surplus/Deficit FY2002-FY2011
(amount is per $1,000,000)
10
Financial Projections
January 18, 2012
11
Significant Assumptions:
1.
2.
3.
4.
5.
6.
7.
8.
9.
Assessed Value
Projections
Levy Year
2011
2012
2013
2014
2015
EAV
$842,805,535
$842,805,535
$842,805,535
$868,089,701
$894,132,392
% Increase
0%
0%
0%
3%
3%
13
Tax rate will be less than $2.9643 for five years (2007-2011).
Levy Year
2011
2012
2013
2014
2015
Extension
~$25,000,000
~$25,500,000
~$25,830,000
~$26,860,000
~$27,920,000
14
Education
Fund Levy
Other
Revenue
Total
Revenue
2011/12
2012/13
2013/14
2014/15
2015/16
$15,275,260
$16,261,933
$16,350,427
$16,595,684
$17,093,554
$7,464,785
$7,539,433
$7,614,827
$7,690,975
$7,767,885
$22,740,045
$23,801,365
$23,965,254
$24,286,659
$24,861,439
15
$16,321,075
$16,932,630
$17,572,468
$18,242,248
$18,943,744
Other
Costs
Total
Expenses
$6,706,889
$6,908,096
$7,115,339
$7,328,799
$7,548,663
$23,027,965
$23,840,726
$24,687,807
$25,571,047
$26,492,407
16
Revenues/Expenses
Projections
$15.00
Expenses
$10.00
$5.00
$0.00
FY2011
FY2012
FY2013
FY2014
FY2015
FY2016
17
Surplus/Deficit
($0.04)
($0.50)
($0.29)
($0.72)
Surplus/
Deficit
($1.00)
($1.28)
($1.50)
($1.63)
($2.00)
FY2011
($2.00)
FY2013
FY2015
18
i.
ii.
c)
Efficiencies?
Bright Star Award
Grants
State Funding
Local Funding
20
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Any questions?
Thank you for your time.
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