Академический Документы
Профессиональный Документы
Культура Документы
August 8, 2011
Assumes State revenue loss of $35.6 million from current law as approved under SB1.
Increases Federal revenue $13.8 million from one-time Education Jobs funding.
A Fund Balance appropriation of $517,236 will need to be authorized to support the proposed expenditure
budget.
Expenditures
Includes $39.7 million in reductions associated with the implementation of the Districts Gap Closing Plan.
Baseline costs of $30.0 million are included to support continuing operations, which included increased costs of
$7.3 million for Recapture requirements.
P id $4
Provides
$4.1
1 million
illi to continue
i
SStrategic/Mission
i /Mi i Critical
C i i l initiatives.
i ii i
Restores $2.5 million to comply with States 22:1 ratio (Included in $30.0 Baseline Increases).
Taxable Values
July 25th Certified Taxable Values for 2011 is $56,875,444,136; an increase of 1.06% from 2010.
Tax Rate
No increase in the tax rate for M & O (rate will remain unchanged at 1.079).
Proposes 1.5 cent increase to cover debt for bond program (rate will increase to .0163).
General
Fund
Revenues
Local Sources
State Sources
Federal Sources
Other Resources
Total Revenues
Expenditures
Operating Expenditures
Other Uses
T t l Expenditures
Total
E
dit
Excess (deficiency) of revenues over
expenditures
Fund Balances- September
p
1 ((Beginning)
g
g)
Fund Balances - August 31 (Prior to Adjustment)
*
Food
Service
Debt
Service
$638,598,075
$170,302,248
$29,085,672
51 000
51,000
$838,036,995
$8,226,536
$1,146,327
$29,831,027
$39,203,890
$95,629,706
$95,629,706
838,473,231
81,000
838 554 231
838,554,231
39,849,762
39 849 762
39,849,762
96,211,215
96 211 215
96,211,215
974,534,208
81,000
974 615 208
974,615,208
($645,872)
($581,509)
($1,744,617)
$9,034,427
$
,
,
$8,388,555 *
$ ,
$15,165,181
,
$14,583,672 *
($517,236)
*
*
$185,023,127
$
,
,
$184,505,891 *
Estimated Balance
Memo Total
Only
$
$
$
$
742,454,317
171,448,575
58,916,699
51 000
51,000
$972,870,591
$209,222,735
$
,
,
$207,478,118
Chapter 41
13.9%
Food
Service
Fund
4.1%
General Fund
72.2%
FUND
General
FY2011
Amended
Budget
FY2012
Recommended
Budget
% CHANGE
$ CHANGE
f
from
$ CHANGE
% CHANGE
from Adopted Adopted from Amended from Amended
Budget
Budget
Budget
Budget
-0 68%
-0.68%
-3 63%
-3.63%
Food Service
$38,708,409
$38,708,409
$39,849,762
$1,141,353
2.95%
$1,141,353
2.95%
Debt Service
$5 152 451
$5,152,451
5 66%
5.66%
$5 152 451
$5,152,451
5 66%
5.66%
$973,997,900
$999,803,001
$974,534,208
$536,308
0.06%
($25,268,793)
-2.53%
Total
Revenue Source
Local
State
Federal
Total
Less:
Recapture
Operating
Revenue
FY 2011
Adopted
Budget
628,727,327
172,890,382
36,357,018
837,974,727
FY 2011
Amended
Budget
642,432,446
167,041,989
38,334,430
847,808,865
FY 2012
Recommended
Budget
638,598,075
170,302,248
29,085,672
837,985,995
127,815,376
125,928,725
135,176,524
7,361,148
710,159,351
721,880,140
702,809,471
(7,349,880)
$ Change % Change
from
from
Adopted
Adopted
9,870,748
1.57%
(2,588,134)
-1.50%
(7,271,346) -20.00%
11,268
0.00%
$ Change
from
Amended
(3,834,371)
3,260,259
(9,248,758)
(9,822,870)
% Change
from
Amended
-0.60%
1.95%
-24.13%
-1.16%
5.76%
9,247,799
7.34%
-1.03%
(19,070,669)
-2.64%
Total Revenues
FY2011
Adopted
Budget
837,974,727
FY2011
Amended
Budget
847,808,865
FY2012
Recommended
Budget
837,985,995
Less: Recapture
(127,815,376)
(125,928,725)
(135,176,524)
(7,361,148)
5.76%
(9,247,799)
7.34%
Net Revenue
710,159,351
721,880,140
702,809,471
(7,349,880)
-1.03%
(19,070,669)
-2.64%
Total
Expenditures
716,415,351
744,107,103
703,296,707
(13,118,644)
-1.83%
(40,810,396)
-5.48%
(44,000)
1,231,000
(30,000)
14,000
-31.82%
(1,261,000)
-102.44%
716,459,351
742,876,103
703,326,707
(13,132,644)
-1.83%
(39,549,396)
-5.32%
(6,300,000)
(20,995,963)
(517,236)
5,782,764
-91.79%
20,478,727
-97.54%
Net Other
(Sources) Uses
Total
E
Expenditures
dit
and Other
(Sources) Uses
Difference
$ Change from
% Change
Adopted
from Adopted
11,268
0.00%
$ Change
from
% Change
Amended from Amended
(9,822,870)
-1.16%
Amountt
A
$844,230,727
Recapture Increase
Addl State/Federal
S
/F d l Grant
G
Reductions
R d
Subtotal Same Services Budget
Gap Reduction Plan Reductions
Strategic Investment Increases (Also includes
funds for items previously funded by grants)
Gap plan adjustments due to final legislative
results
lt (22:1)
(22 1)
$7,361,148
$5 447 627
$5,447,627
$871,582,194
($39,730,202)
$838,473,231
$14,542,692
$4,121,239
$2 500 000
$2,500,000
10
2009/10
2010/11
2011/12
2012/2013
2013/2014
Taxable Values
Net Taxable Value (before freeze)
Less: Freeze Taxable Value
Net Taxable Value (after freeze)
$
$
$
63,907,000,426 $
(5,157,590,887) $
58,749,409,539 $
2,482,825,582 $
4.4126%
$
$
$
706,167,903
30,106,823
736 274 726
736,274,726
$
$
$
$
$
$
594,762,864 $
1.0568%
992,236,498 $
1.7446%
706,393,016
32,000,000
738 393 016
738,393,016
718,716,593
32,000,000
750 716 593
750,716,593
$
$
$
$
$
$
1,736,030,419
3.0000%
740,278,091
32,000,000
772 278 091
772,278,091
97.80%
97.80%
97.80%
97.80%
97.80%
1.0790
0.1230
1.2020
1.0790
0.1480
1.2270
1.0790
0.1630
1.2420
1.0790
0.1630
1.2420
1.0790
0.1630
1.2420
Tax Rates
Local Maintenance
Debt Service
Total
Budget - Current
Local Maintenance
Debt Service
Total
$
$
$
646,391,630
73,685,051
720,076,682
$
$
$
618,338,593
84,813,820
703,152,413
10
$
$
$
627,373,664
94,774,706
722,148,370
$
$
$
637,844,359
96,356,469
734,200,828
$
$
$
656,164,028
99,123,945
755,287,973
11
Rates
One Cent Yields
FY2011
M&O
FY2012
Preliminary
M&O
FY2011
I&S
FY2012
Preliminary
I&S
$1.079
$1.079
$0.148
$0.163
$5.8 million
$5.7 million
$5.8 million
$5.7 million
11
P
Proposed1.5CentIncreasetoI&S
d15C
I
I&S
M&ORate
I&SRate
2010
Certified
1.079
0.148
2011
Certified
1.079
0.163
AverageHomeValue
265,573 262,886
AverageHomeTaxableValue 245,593 244,799
M&OLevy
I&SLevy
TotalLevy
Change
0.00%
10.14%
1.01%
0.32%
Total Revenues
Less: Recapture
Net Revenue
Total Expenditures
Net Other (Sources) Uses
Total Expenditures and Other
(Sources) Uses
2010 - 2011
Adopted
837,974,727
($127,815,376)
$710,159,351
2011-2012
Recommended
Budget
837,985,995
($135,176,524)
$702,809,471
716,415,351
$44,000
703,296,707
$30,000
$715,958,707
$30,000
$724,508,707
$30,000
$716,459,351
$703,326,707
$715,988,707
$724,538,707
($6,300,000)
($517,236)
($34,129,366)
($22,947,607)
2012-2013
Forecast
2013-2014 Forecast
$786,408,736
$805,191,029
($104,549,395)
($103,599,929)
$681,859,341
$701,591,100
$172,135,096
$185,023,127
$184,505,891
$150,376,525
$165,835,096
$165
835 096
($25,768,806)
$140,066,290
$184,505,891
$184
505 891
($24,000,000)
$160,505,891
$150,376,525
$150
376 525
($24,000,000)
$126,376,525
$127,428,918
$127
428 918
($24,000,000)
$103,428,918
$100,304,309
$39 761 981
$39,761,981
$98,465,739
$62 040 152
$62,040,152
$100,238,419
$26 138 106
$26,138,106
$101,435,419
$1 993 499
$1,993,499
13
14
Hi t i Exemptions
Historic
E
ti
14
Historic Exemptions
p
15
At the May work session, the City presented its recommended proposals to
the Board, which included a proposal to cap the tax incentive for residential
at $2,500 (avg. $2,581). No cap was proposed for commercial.
Option#1:
O
ti #1 RRestore
t
exemption
ti tto previous
i
authorization-Modifications
th i ti M difi ti
would
ld still
till b
be
needed to previous authorization so that actual calculations could reflect language.
Option#3: Adopt City modifications and impose no cap beyond language in prior
authorization.
Option#2: Adopt City modifications and impose a possible cap of $3,500 to $4,000
similar to City for residential properties (avg. $3,277), with no cap for commercial
properties.
15
16