ALEXANDRIACOMMUNITYSCHOOLCORPORATION

2018BUDGETHEARING

SEPTEMBER7,2017

7:00P.M.

DR.MELISSABRISCO,SUPERINTENDENTCHERYLHARVEY,BUSINESSMGR./TREAS.

AGENDA

•  OVERVIEWOFEACHFUND•  TAXRATES/ASSESSEDVALUE•  TAXCAPIMPLICATIONSANDOPTIONS•  BUDGETHEARINGS•  PUBLICCOMMENT/Q&A

GENERALFUND

•  2018PROPOSEDBUDGET………………………….$12,000,000•  2017APPROVEDBUDGET…………………………$11,000,000•  2016ACTUALEXPENDITURES…………………….$10,925,297

•  CASHBALANCE6-30-17………………………………$2,763,278($3,001,034)NOTESFUNDINGFORMULABASEDONENROLLMENT-$6,076/studentLASTYEARADM=1,584;THISYEAR1,521EST.(-$383,000)ONLYONEENROLLMENTDATETHISYEARACONCERNINGTREND

ThisyearLastyear

Enrollmenttrendduetoasignificantdecreaseinmigrantsthisyear.

DEBTSERVICEFUND

•  2018PROPOSEDBUDGET………………………………….$500,000•  2017APPROVEDBUDGET………………………………….$507,286•  2016ACTUALEXPENDITURES…………………………….$480,229

•  CASHBALANCE6-30-17……………………………………..$278,318($243,959)NOTESDISTRICTHASAVERYLOWAMOUNTOFDEBT($3,000,000)WHYSHOULDTHISBEOFCONCERN?COMMONSCHOOLLOANS,GENERALOBLIGATIONBONDS,CONSTRUCTIONBONDS

ThisyearLastyear

CAPITALPROJECTSFUND

•  2018PROPOSEDBUDGET……………………………………$1,388,950•  2017APPROVEDBUDGET……………………………………$941,488•  2016ACTUALEXPENDITURES……………………………..$986,002

•  CASHBALANCE6-30-17……………………………………….$35,079($29,070)NOTESTAXRATEISCAPPED,ESTIMATEDAT.3095FOR2018CAPLOSS=$115,023

ThisyearLastyear

TRANSPORTATIONFUND

•  2018PROPOSEDBUDGET…………………………………….$600,000•  2017APPROVEDBUDGET…………………………………….$507,789•  2016ACTUALEXPENDITURES……………………………….$470,829

•  CASHBALANCE6-30-17………………………………………..$40,601(20,984)NOTESLEVYISCAPPEDWITHANANNUALINCREASETHATCHANGESFOR2018INCREASEIS4.0%...$511,596CAPLOSS=$59,760

ThisyearLastyear

BUSREPLACEMENTFUND

•  2018PROPOSEDBUDGET…………………………………….$263,000•  2017APPROVEDBUDGET…………………………………….$209,000•  2016ACTUALEXPENDITURES……………………………….$107,584

•  CASHBALANCE6-30-17………………………………………..$180,954($158,580)NOTESLEVYISCAPPED,ESTIMATEDAT$150,851FOR2018EXCESSCASHMAYBETRANSFERREDTORAINYDAYFUNDCAPLOSS=$17,616

ThisyearLastyear

TAXRATES

FUND2017ADV.2017ACTUAL2018ADV.2018EXPECTEDDEBT.1411.1593.1630.1450CPF.4593.3095.4971.3095TRANS..1898.1608.1918.1692BUSREP..0708.0474.0618.0545TOTAL.8610.6770.9137.6782

ASSESSEDVALUE

•  2010 $286,689,074•  2011 $295,949,019•  2012 $308,838,974•  2013 $308,828,974•  2014 $323,608,974•  2015 $314,132,784•  2016 $308,632,947•  2017 $305,874,497(Adver]sed300,000,000)•  2018(Est.)$306,000,000(AdverKsed$270,000,000)

TAXCAPLOSSES

For2018,AlexandriaSchoolsareexpectedtolosethefollowingamountofrevenueduetothetaxcaps:CPF $115,023TRANS. 59,760TOTAL=$192,399BUSREPL. 17,616

TAXCAPSLOSSES(CONT.)

ProtectedTaxesLegisla]onIfaschooldistrict’staxlossintheirTransporta]onFund($59,760)isgreaterthan10%oftheirTransporta]onMaximumLevy($51,160),theymaype]]onforprotectedtaxes.Thisallowsthecaplossestobespreadequallyoverthe4fundsincludingDebtService.Losseswouldthenbeasfollows:CPF $87,926(115,023)TRANS.45,791(59,760)TOTAL=$192,399BUS.REPL.13,468(17,616)DEBTSERV.45,214(0)

2017BUDGETHEARINGS

PUBLICCOMMENTS/Q&A