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2010-2011Budget
2010-2011Budget
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District Goal & SupportingObjectives
The Goal of the Carrollton-FarmersBranch ISD is high achievement for
all students.
Supporting Objectives
1) Continuously increase student achievement
2) Continuously improve the learning environmentfor students and staff
3) Continuously increase operational effectiveness
4) Continuously increase stakeholder confidenceand support of our school system
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Reminder
Budgets are made up ofESTIMATESusing past trends and currentknowledge
ALL DETAILSare subject to CHANGEas new information becomesavailable
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Budget Model Assumptions
Current State Funding Model will beaccurate for 2010-2011 (currently on version 1212)
Refined Average Daily Attendance will besimilar to 2009-2010 4th Six Weeks
Tax Roll Reduction 7%
General Fund Tax Rate $1.04 (shrinkage 3%)
Compensation Increase for all Staff2.5%
Program reductions
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RevenueRevenue
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TaxVal Tr ( Val Eq al Taxabl Val )
r : rtifi TaxR ll
$13, 27, 79,926
$13,701,922,632
$13,086,8 8,0 6
$12,8 1,971,550
$12,9 6,780,825
$13, 3,6 9, 65
$1 ,8 7,932,832
$15,2 5, 09, 59$1 ,909,785,600
$13,826,836,816
2002 7.37%
2003 2.0 %
200 - . 9%
2005 -1.87%
2006 0.82%
2007 3.8 %
2008 10.
5%
2009 2.68%
2010 -2.2%
2011 -7.26%
ESTIMATED
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General Fund
evenueOriginal Budget roposed Budget Increase ercentage ercent
2009-2010 2010-2011 (Decrease) Change of otal
Assessed Valuation 1 , 0 , , 00 13, 2 , 3 , 1 ( 1,0 2, , ) - 2Tax Rate - Compression rate of 66.67% $1.00 $1.00 $0.00 0.00%
Tax Rate - Above Compression rate $0.04 $0.04 $0.00 0.00%otal ax ate $1.04 $1.04 $0.00 0.00%
Shrinkage Factor 98.00% 97.00% -1.00% -1.02%
Estimated evenue
Tax Revenue $1.00/$100 Valuation $146,123,20 $134,127,023 ($11,996,182) -8.21% 62.34%Tax Revenue @ $0.04/$100 Valuation $ ,837,330 $ ,3 8,107 ($479,223) -8.21% 2.49%
Taxes, Prior Year, Penalty & Interest $113,740 $100,000 ($13,740) -12.08% 0.0 %Sub-Total Tax $1 2,074,275 $139,585,130 ($12,489,145) -8.21% 64.88%
Other Local $1,946,331 $1,317,070 ($629,261) -32.33% 0.61%Total Local $154 ,020,606 $140,902,200 ($13,118,406) -8.52% 65.49%
State
Formula $42,827,759 $56,111,527 $13,283,768 31.02% 26.08%State Federal Stabilization $7,560,425 $8,138,538 $578,113 7.65% 3.78%
Disciplinary Alternative Ed $25
,000 $25
,000 $0 0.00% 0.01%TRS On-Behalf $9,665,256 $9,660,366 ($4,890) -0.05% 4.49%
Total State $60,078,440 $73,935,431 $13,856,991 23.06% 34.37%
Federal $200,000 $300,000 $100,000 50.00% 0.14%
Total Federal $200,000 $300,000 $100,000 50.00% 0.14%
Total Revenue $214,299,046 $215,137,631 $838,585 0.39% 100.00%
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ExpendituresExpenditures
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Expenditures
The Majority of theExpenditures are forPAYROLL
83% If Exclude
Tax Increment Finance Zone
Raise
2.5 200 -10 Actual Pay Approximately 3.4 million $1,14 min; $1,255 average
(187 day teacher)
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PAYROLL & B N FITSComparison 2010-11 Budget Model to
Original 2009-10 Budget
$172,410,000
$172,016,712
$0
$50,00
0,00
0
$100
,000
,000
$150
,000
,000
$200
,000
,000
2010-11 2009-10
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Comparison 2010-11 Budget Model to
Original 2009-10 Budgetxcluding Payroll
TIF
Purchased Services
tilities
Supplies Materials
Bus Transportation
ther perating
Capital utlay
$0
$5,000
,000
$10,000
,000
$15,000
,000
$20,000
,000
TIF Pur chased Services
tilities Supplies
Materials Bus Transportation
ther
perating Capital
utlay
$16,100,000 $10,233,010 $8,532,050 $8,858,2 0 $3,230,000 $3,0 6,061 $4 0,508
$14,1 1,000 $10,477,113 $9,237,650 $10,095,362 $3,200,000 $3,038,903 $247,258
2010-112009-10
2010-11
2009-10
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Fund BalanceFund Balance
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GENERAL FUND - FUND BALANCEand PERCENTAGE of ACTUAL EXPENDITURES
Excluding Tax Increment Finance Zone & Chapter 41 Paymentsin $1,000's of dollars (*Estimated)
$0$10
,000$
20,000
$30,000$
40,000$5
0,000$
60,000$
70,000
2002 2003 2004 2005 2006 2007 2008 2009 *2010 *2011$48,641 $47,424 $49,568 $53,215 $55,456 $65,014 $62,489 $63,047 $63,047 $55,234
30.68% 29.57% 30.27% 32.65% 32.15% 35.70% 31.42% 31.42% 30.27% 26.70%
112 108 110 119 117 130 115 115 110 97
G
l
% Tl
t
s
r
ti
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Estimated
TaxRates
Estimated
TaxRates
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Public
Hearing
Public
Hearing
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Public Hearing for the Proposed2010-2011 Budget and TaxRate
Scheduled for August 12, 2010
7 pm
Board Room of the
Administration Building
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Other
Information
Other
Information
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Other Information (Source-Region TenSchool Finance Conference)
Future oo ing Blea State Deficit $18-$20 Billion
Shortfall current Biennium Business Tax $4-$5 Billion short of
pro ections
Sales Tax evenue down fromestimates $1.3 Billion for 2010 State Enrollment continues to row
estimated cost $2 Billion ear
$3 Billion re uired to replace
Sta ilization Funds Statewide Property alues down forthe first time since the 80s
Was the source of revenue to pay forenrollment growth in the past
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Other Information continued
Pro a ly e another awsuit against theState Target Revenue does not provide e ual
access to State and Local Dollars Late Summer-Early Fall before Legislative
Session
ew Census data will trigger redistricting May re uire a Special Session toresolve House and SenateRedistricting
se of ainy Day Funds re uires a 60vote for approval in the ouse
School Districts part of the Deficit estimatedat $6 Billion
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Other Information continued
Tremendous interest in School District FundBalances Ability to weather the storm
State Accounting Manipulations ther Defer July and August School District
payments to September Proration (i.e. loss forever) portions of
the Additional State Aid forTaxReduction (ASATR)
C-FB TotalASATR Estimate $38 million for 2010-2011
Increase TRS tax on Health care(currently Gross salary times $0.0055)
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Other Information continued
ew Battle CryDont Balance the
State Deficit on the
acks of theStudents
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2010-2011
Budget
2010-2011
Budget