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Meeting Agenda
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1. Public Hearing on proposed budget and proposed tax rate.
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1.A. Proposed Budget
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1.B. Proposed Tax Rate
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Agenda Item Details
Reload Your Meeting
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| Meeting: | August 28, 2014 at 7:30 PM - Public Meeting on Proposed Budget and Tax Rate | |
| Subject: |
1. Public Hearing on proposed budget and proposed tax rate.
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Description:
The Board of Trustees gives the public an opportunity to express their opinion on the proposed budget and tax rate.
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| Subject: |
1.A. Proposed Budget
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Description:
I am recommending a proposed budget for Ralls ISD of $6,917,890. for the 2014-2015 school year. The total budget includes federal programs, TRS on-behalf benefits that are just reported, and is not an expenditure. Also, part of the food service budget includes USDA donated commodities that are reported as expenditures, but are actually donations. The expenditures are greater than the projected revenue generated, therefore we will run a deficit budget. We will address the shortfall of $148,827.00 by going into our Fund Balance for the 2014-2015 school year. Estimated total revenue for Ralls ISD for 2014-2015 are based on the taxable value of $160,630,644 with the tax rate of $1.0108 and a 479.4 Refined Average Daily Attendance.
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| Subject: |
1.B. Proposed Tax Rate
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Description:
I am recommending that we adopt a rate of $1.0108 per $100.00 of evaluation.
The values for 2014 of $160,630,644.00 will generate an estimated $1,585,194.00 at a 99% collection rate and a ADA of 479.40. As a result of our values increasing by $25,258,381.00, taxes on the average homestead will increase by $4.08 compared to 2013 taxes. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. |
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