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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 25, 2015 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 $7,037,169, for the 2015-2016 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 of $141,233.00.
Estimated total revenue for Ralls ISD for 2015-2016 are based on the taxable value of $140,155,701.00 with the tax rate of $1.04 and a 515.6 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 $1.04 per $100.00 of evaluation.
The values for 2015 of $140,155,701.00 will generate an estimated $1,434,461.00 at a 99% collection rate and a ADA of 515.6. As a result of our values decreasing by $20 million, taxes on the average homestead will decrease by $23.10 compared to 2014 taxes. |
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