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School Board Budget Hearing Oct. 14, 2021

Added Oct 15, 2021 •

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Define States of America to the Republic for which it stands one nation under God indivisible dear heavenly father we thank you for this day and even though the weather is dreary we have so many bright things going on here at the community schools are Frankfurt please be with us as we go through this meeting and discuss the finances the school here for a corporation in your son's name we pray amen Sandy Miller Sandy Mitchell James McCoy 5th and Beardsley Karen Sutton Bob Marcum is our Gerald gopal's complete 2 agenda item spell relate to the dungeon, Mr McCabe do it like to go with my first time you think you and me are meeting in a public hearing only to bite it and she'll mention and this is our opportunity to be posted our budget online yeah we had that posted by law for at least 10 days now for the public to see if they wanted to come to this meeting when you come in and offer any comment testimony about the dollars that we plan to spin in 2022 Department here he might have some questions for us but otherwise my job is to do a short exclamation and just to go to some of the documents that you see in your pocket and that feel like nation of our upcoming matches Michael has been working very hard to put this year's budget together in 2020 to the specially knowing that we were making some changes based on upcoming negotiations contract negotiation finalized intended free I see my teacher she want to make sure it was right typically we might have had this ready to finish up even Tuesday but we're still on track to get our budget approved before the November deadline back here on October 26th and then asked the board and a special meeting like this one to approve the budget but tonight I would share with you especially on the notice the taxpayers form I had to take a look at our different for them when rainy day we are looking at $115,000 for a career going to have to deal Jeff to procreate those money you might remember last year we only asked for 90,000 of our current. are balances close to a million ninety-eight thousand rain we don't anticipate utilizing a lot more than that but we want to have that kind of done or set aside in case we are able to purchase the marsh building this would be I'm a crane your what Your contribution will be aggravating day fund Debt Service is one of the first ones that we will get approved by dlg when we submit this budget because the DL Jack knows that we have to pay our debt top of a taxpayer-funded funds and there's no question we'll get those done with the second one is the school pinch of the next one's a school pension debt think thing you'll see it's at 368,000 125i we will get Italy 330-1412 that is our Levi number which is exactly what we will need to pay that bill and by the way that's that's one we're only a couple years away from being Ian why do muscle tension. It'll be a nice when when a person goes away a referendum debt from a high school project is still ongoing and that's another one that can reach beyond the cat so you know there's a tax Captain breaker and I'll talk about that one just a second but the Run Bernadette can meet me on it so if you did though it's in one of the other package that there's always a little bit more and asset valuation on on the referendum then there are assessed valuation for all the time and that's the reason why they can reach. collect taxes be on the tax cap the next one is the education fund and has absolutely nothing to do with our time like the rainy day fund as I do with tax collections is our money did Grant from the state per pupil in Rome but the last ones the one that were always the most concerned about we won't get as much as we would like and we know that this is we take it every year already we hope to get the three minions 24 and I pray for the Levee at that our plan and end in what process up a little bit when we get a shortfall in our operating budget is transferred from the education time and we are allowed to transfer 15% and Leslie is written in the budget again for next year the transfer 50% monthly usually comes up to about 275,000 monthly it'll be closer to 7 in 2022 and that's how we were able to transfer our kids but they found continue to maintain so that's the summary explanation of our budget. we haven't placed come back October 26th and ask them to become fruit Legend there's nobody here from the public and will ask you any questions about our budget do I have any questions Morton Arboretum we have English Banker turn turn turn on favor signify by saying I mean

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School Board Budget Hearing Oct. 14, 2021

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