September 25, 2014 Tax Rate Hearing
September 25, 2014 Tax Rate Hearing I. ROLL CALL Meeting called to order by President Maynard at 6:33 p.m. PLEDGE OF ALLEGIANCE A. Board Members Present Dr. Maynard, President Present Mrs. Stringer Present Mr. Stewart, Vice President Present Mr. McCarthy Present Mr. Lewis, Treasurer Present Mrs. Petry Present Mr. Harrison Present B. Central Office Staff Present Dr. Cornman, Superintendent Present Mrs. Rhame, Associate Superintendent Present Mrs. Johnston, Board Secretary Present Dr. Jon Isaacson, HR Director Present Mrs. Kelly Genge, CFO Present C. Principals Present Dr. Cathy Freeman, HS Prin. Present Mrs.Melissa Hildebrand,HS Asst. Prin Absent Mr. Mark Groner, HS Asst. Prin. Absent Mr. Ed Moreno, A.D. Director, Present Mr. Heath Allison, JH Prin. Present Mr. James Ramsey, JH Asst. Prin. Present Mr. Scott Readnour, Interm. Prin. Present Dr. Kim Tooley, Int. Asst. Prin. Absent Mrs. Jackie Kocurek, Elem. Prin. Present Mrs. Rachel Carrol, Elem. Intern. Absent Dr. Callista Kostine, Prin. Present Mr. Matt Gillam, Asst. Prin., Present Mrs. Jennifer Laiben, Atl. School Prin. Absent D. Others Present- Ken & Lisa Welker, Dennis Bradley, Drew Crews, Ray Bess, Sara & Renee Sucharski, Kevin Carberry, Mr. & Mrs. Mary Stephens, Ronda Harrison, Margie Colton, Derrick Good, Roger Yates, Shannon Murray, Teresa Gau, Jennie Van Houten, Leslie Payne, Mindy Boyer and several students. II. APPROVAL OF TAX RATE HEARING AGENDA A motion was made by Mr. Stewart to approve the Tax Rate Hearing agenda as presented, seconded by Mr. Lewis and approved by a show of hands vote of 7-0. III.
TAX RATE HEARING A. Tax Rate Ceiling as Determined by State Auditor for 2014-2015 of 3.8049 B. Assessed Valuation (AV) as Certified by the County Clerk The total is $240,953,215 in AV. Of this amount, $2,020,601 is attributed to new real estate construction. C. Levies Required 1. Operating (Incidental & Teachers) Funds – A levy of $3.8049 fulfills the minimum levy requirement in SB380. 2. Debt Service Fund – We are eligible to accumulate a balance in the Debt Service Fund equal to one year’s payment. To do this we could establish a levy of $1.1114(debt
service fund ceiling By voluntarily rolling back $.1621 and establishing a $.9493 levy, will allow the district to maintain sufficient balances to meet district obligations. 3. Capital Projects Fund –Existing balances are sufficient to meet the district planned capital expenditures for FY’15. D. Prop C Rollback Calculation With the passage of a full waiver for Proposition C in April of 1998, we are not required to roll back our tax rate ceiling. E. Proposed Tax Rate for the 2014-2015 School Year Last year’s tax rate was $4.7073 ($3.7580 in the Incidental Fund and $.9493 in the Debt Service Fund). During our regular meeting, we will propose adoption of the following levy for the 2014-2015 school year. IV.
PROPOSED 2014-2015 LEVY Incidental Teachers Tax Rate Ceiling $3.8049 $0.00 Voluntary Rollback $0.0000 $0.00 Proposed Levy $3.8049 $0.00 Estimated Local Revenues $9,168,029 $0.00
Debt. Serv. Cap. Proj. $1.1114 $0.0000 $0.1621 $0.0000 $0.9493 $0.0000 $2,287,369
Totals $4.9163 $0.1621 $4.7542
$0.0000 $11,455,398
V.
VISITORS TO ADDRESS BOARD OF EDUCATION A. Scheduled - None B. Sign Ups 1. Sara Sucharski 2. Derrick Good 3. Dennis Bradley
VI.
ADJOURN TAX HEARING A motion was made to adjourn the Tax Rate Hearing at 6:55 p.m., by Mr. Harrison, seconded by Dr. Maynard, and approved by the following roll call vote (7-0): Dr. Maynard, yes ; Mr. Stewart, yes ; Mr. Lewis, yes ; Mr. Harrison, yes; Mrs. Stringer, yes ; Mr. McCarthy yes and Mrs. Petry, yes.
TAX RATE HEARING A. Tax Rate Ceiling as Determined by State Auditor for 2014-2015 of 3.8049 B. Assessed Valuation (AV) as Certified by the County Clerk The total is $240,953,215 in AV. Of this amount, $2,020,601 is attributed to new real estate construction. C. Levies Required 1. Operating (Incidental & Teachers) Funds – A levy of $3.8049 fulfills the minimum levy requirement in SB380. 2. Debt Service Fund – We are eligible to accumulate a balance in the Debt Service Fund equal to one year’s payment. To do this we could establish a levy of $1.1114(debt
service fund ceiling By voluntarily rolling back $.1621 and establishing a $.9493 levy, will allow the district to maintain sufficient balances to meet district obligations. 3. Capital Projects Fund –Existing balances are sufficient to meet the district planned capital expenditures for FY’15. D. Prop C Rollback Calculation With the passage of a full waiver for Proposition C in April of 1998, we are not required to roll back our tax rate ceiling. E. Proposed Tax Rate for the 2014-2015 School Year Last year’s tax rate was $4.7073 ($3.7580 in the Incidental Fund and $.9493 in the Debt Service Fund). During our regular meeting, we will propose adoption of the following levy for the 2014-2015 school year. IV.
PROPOSED 2014-2015 LEVY Incidental Teachers Tax Rate Ceiling $3.8049 $0.00 Voluntary Rollback $0.0000 $0.00 Proposed Levy $3.8049 $0.00 Estimated Local Revenues $9,168,029 $0.00
Debt. Serv. Cap. Proj. $1.1114 $0.0000 $0.1621 $0.0000 $0.9493 $0.0000 $2,287,369
Totals $4.9163 $0.1621 $4.7542
$0.0000 $11,455,398
V.
VISITORS TO ADDRESS BOARD OF EDUCATION A. Scheduled - None B. Sign Ups 1. Sara Sucharski 2. Derrick Good 3. Dennis Bradley
VI.
ADJOURN TAX HEARING A motion was made to adjourn the Tax Rate Hearing at 6:55 p.m., by Mr. Harrison, seconded by Dr. Maynard, and approved by the following roll call vote (7-0): Dr. Maynard, yes ; Mr. Stewart, yes ; Mr. Lewis, yes ; Mr. Harrison, yes; Mrs. Stringer, yes ; Mr. McCarthy yes and Mrs. Petry, yes.
