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— SAU #41 —. Coop District Meeting Budget Committee March 7, 2007 2007 – 2008. Presented by: Forrest Milkowski Chairman Coop Budget Committee February 8, 2007. Cost of Living plus Student Population increase – 4.8% Cost of Living Increase –3.4% Student Population Increase – 1.4% - PowerPoint PPT Presentation
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— SAU #41 —
Presented by:Forrest MilkowskiChairman Coop Budget CommitteeFebruary 8, 2007
Coop District Meeting
Budget Committee
March 7, 2007
2007 – 2008
Page Page 22 of 14 of 14
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Budget Committee Strategy
• Cost of Living plus Student Population increase – 4.8%– Cost of Living Increase –3.4%– Student Population Increase – 1.4%
• Exceptions to this rule:– Debt Service– SPED– Food Service & Transfer Funds
• Budget Committee Recommended Increase: $585,187• Increase after adding SPED, Debt Service, Food Service
and Transfer Funds: $1,002,483 (5.89%)• Budget Committee’s Proposed Budget: $18,031,139
Page Page 33 of 14 of 14
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Student Population
School Year* Student
PopulationPercent Increase
99 - 00 1,006
00 - 01 1,118 11.1%
01 - 02 1,191 6.5%
02 - 03 1,223 2.7%
03 - 04 1,293 5.7%
04 - 05 1,272 -1.6%
05 - 06 1,336 5.0%
06 - 07 1,372 2.7%
07 - 08 1,391 1.4%
Overall % Increase 38.3%
Page Page 44 of 14 of 14
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Budget History
School YearApportioned
BudgetPercent Increase
99 - 00 8.4
00 - 01 9.24 10.0%
01 - 02 9.86 6.7%
02 - 03 10.78 9.3%
03 - 04 12.01 11.4%
04 - 05 12.83 6.8%
05 - 06 14.38 12.1%
06 - 07 15.69 9.1%
07 - 08 16.24 13.0%
Overall % Increase 93.4%
Page Page 55 of 14 of 14
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Budget Vs. Population
Historical Budget & Enrollment
0
2
4
6
8
10
12
14
16
18
00 - 01 01 - 02 02 - 03 03 - 04 04 - 05 05 - 06 06 - 07 07 - 08
School Year
In M
illio
ns
$
Budget Student Population
Page Page 66 of 14 of 14
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Cost per Student
School Year* Student
PopulationPercent Increase
99 - 00 1,006 $8.3
00 - 01 1,118 $8.3
01 - 02 1,191 $8.3
02 - 03 1,223 $8.8
03 - 04 1,293 $9.3
04 - 05 1,272 $10.1
05 - 06 1,336 $10.8
06 - 07 1,372 $11.4
07 - 08 1,391 $11.7
Overall % Increase 38.3%
Page Page 77 of 14 of 14
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Budget Vs. Population
Cost per Student
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
$14.0
99 - 00 00 - 01 01 - 02 02 - 03 03 - 04 04 - 05 05 - 06 06 - 07 07 - 08
School Year
In T
ho
us
an
ds
$3,300 Increase 38.3%
Page Page 88 of 14 of 14
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FY2007 - FY2008 Warrants
PURPOSE OF APPROPRIATIONS
School Board Recommend
Budget Committee Approved
Technology 99,200 *99,200
HBHS Portables-Install/Operation 143,180
SPED Capital Reserve Fund 50,000
Maintenance Expendable Trust Fund 50,000
Professional Salary & Benefits Increase* 233,488 233,488
Support Staff Salary & Benefits Increase* 74,990 74,990
SUBTOTAL – Proposed Warrants 650,858 407,678
* Note: Warrant Article 2 to be reduced by this amount New Warrant 2 amount $17,623,461
Page Page 99 of 14 of 14
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Budget Summary
Current Year Adopted Budget
School Board's
Recommended Budget
Budget Committee's
Recommended Budget
Appropriations – All Accounts 17,028,656 17,722,661 * 17,623,461
Special Warrant Articles Proposed 342,380 99,200
"Individual" Warrant Articles Proposed* 308,478 308,478
TOTAL Appropriations Proposed 17,028,656 18,373,519 18,031,139
Less: Amount of Estimated Revenues & Credits 1,343,371 1,479,687 1,479,687
Less: Amount of Statewide Enhanced Education Tax/Grant 2,146,115 2,632,700 2,632,700
Estimated Amount of Local Taxes to be Raised For Education 13,539,170 14,261,132 13,918,752
* Note: Amended by Budget Committee at District Meeting
Page Page 1010 of 14 of 14
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Budget Summary
Current Year Adopted Budget
School Board's
Recommended Budget
Budget Committee's
Recommended Budget
TOTAL Appropriations 17,028,656 18,373,519 18,031,139
Current Vs. Proposed Increase in Dollars 1,344,863 1,002,483
Current Vs. Proposed Increase in Percent 7.90% 5.89%
Estimated Amount for Tax Impact 13,539,170 14,261,132 13,918,752
Current Vs. Proposed Increase in Dollars 721,962 379,582
Current Vs. Proposed Increase in Percent 5.33% 2.80%
Page Page 1111 of 14 of 14
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Estimated Tax Impact - Hollis
Hollis Estimated Tax Impact
2006 - 2007 2007 - 2008
Coop District Assessment $15,685,285 $16,551,452
Apportionment Formula - 75% ADM 25% Equalized Valuation
75/25 75/25
Hollis' Apportionment % 63.39% 62.91%
Hollis' Coop Assessment (Less Trust Fund $5,600) $9,940,915 $10,409,746
Hollis' Assessment Change in $'s $468,831
Hollis' Assessment Change in % 4.7%
Retained State Tax & Adequacy Grant $2,177,577 $2,136,246
Hollis' Coop Net Assessment $7,763,338 $8,273,500
Hollis' Assessment Change in $'s $510,162
Hollis' Assessment Change in % 6.6%
Hollis Assessed Valuation $1,008,245,386 $1,038,492,748
Hollis Tax Rate $7.70 $7.97
Hollis Tax Rate Change in $'s $0.27
Hollis Tax Rate Change in % 3.5%
Page Page 1212 of 14 of 14
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Estimated Tax Impact - Brookline
Brookline Estimated Tax Impact
2006 - 2007 2007 - 2008
Coop District Assessment $15,685,285 $16,551,452
Apportionment Formula - 75% ADM 25% Equalized Valuation
75/25 75/25
Brookline's Apportionment % 36.61% 37.09%
Brookline' Coop Assessment $5,744,386 $6,141,706
Brookline' Assessment Change in $'s $397,320
Brookline' Assessment Change in % 6.9%
Retained State Tax & Adequacy Grant $1,882,280 $2,483,950
Brookline' Coop Net Assessment $3,862,106 $3,657,756
Brookline' Assessment Change in $'s -$204,350
Brookline' Assessment Change in % -5.3%
Brookline Assessed Valuation $435,787,987 $453,219,506
Brookline Tax Rate $8.86 $8.07
Brookline Tax Rate Change in $'s -$0.79
Brookline Tax Rate Change in % -8.9%
Page Page 1313 of 14 of 14
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Hollis Tax Impact Estimator
NOTE: The Adequacy Grant and Revenues & Credits are estimated.
2006 - 2007 Budget Forecast --> Computed using 75%/25% Apportionment Formula
2006 - 2007 Budget $18,031,139
Revenues & Credits $1,479,687
District Assessment $16,551,452
Hollis Trust Fund $5,600
Total Apportioned $16,557,052
Hollis TaxesApportionme
nt Home
1Home
2Home
3
Home Value$250,00
0$500,00
0$600,00
0
Hollis %
Apportionment 62.9% Hollis Coop Tax Rate $7.97 $7.97 $7.97
Hollis Assessment $10,409,746Coop Tax
Burden/Home $1,992 $3,983 $4,780
Retained Tax & Adequacy
Grant $2,136,246Increase over last
year $66.75 $133,49 $160.19
Hollis Coop Net
Assessment $8,273,500
Hollis Coop Tax Rate $7.97
This Year's Tax Rate $7.70
Tax Rate % Increase 3.5%
Page Page 1414 of 14 of 14
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2006 - 2007 Budget Forecast --> Computed using 75%/25% Apportionment Formula
2006 - 2007 Budget $18,031,139
Revenues & Credits $1,479,687
District Assessment $16,551,452
Hollis Trust Fund $5,600
Total Apportioned $16,557,052
Brookline Tax Impact Estimator
Brookline TaxesApportionme
nt Home
1Home
2Home
3
Home Value$250,00
0$500,00
0$600,00
0
Brookline %
Apportionment 37.1%Brookline Coop Tax
Rate $8.07 $8.07 $8.07
Brookline Assessment $6,141,706Coop Tax
Burden/Home $2,018 $4,035 $4,842
Retained Tax & Adequacy
Grant $2,484,275Increase over last
year-
$197.94-
$395.87-
$475.05
Brookline Coop Net
Assessment $3,657,431
Brookline Coop Tax
Rate $8.07
This Year's Tax Rate $8.86
Tax Rate % Increase -8.9%
NOTE: The Adequacy Grant and Revenues & Credits are estimated.
Page Page 1515 of 14 of 14
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END OF BUDGET COMMITTEE PRESENTATION
Page Page 1616 of 14 of 14
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Estimated Tax Impact @ 87.5 ADM 12.5 ADM%
100% ADM HOLLIS BROOKLINE
2007 - 2008 2007 - 2008
Coop District Assessment $16,551,452 $16,551,452
Apportionment Formula - ADM 87.5% 87.5%
Apportionment % 61.56% 38.44%
Assessment $10,187,317 $6,364,135
Assessment Change in $'s $246,401 $619,750
Assessment Change in % 2.48% 10.8%
Retained State Tax & Adequacy Grant
$2,136,246 $2,483,950
Coop Net Assessment $8,051,071 $3,880,185
Assessment Change in $'s $287,732 $18,080
Assessment Change in % 3.71% 0%
Assessed Valuation$1,038,492,74
8$453,219,506
Tax Rate $7.75 $8.56
Tax Rate Change in $'s $0.05 -$0.30
Tax Rate Change in % 0.7% -3.7%
Page Page 1717 of 14 of 14
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Estimated Tax Impact @ 100%
100% ADM HOLLIS BROOKLINE
2007 - 2008 2007 - 2008
Coop District Assessment $16,551,452 $16,551,452
Apportionment Formula - ADM 100% 100%
Apportionment % 60.22% 39.78%
Assessment $9,964,888 $6,586,565
Assessment Change in $'s $23,972 $842,179
Assessment Change in % 0.24% 15%
Retained State Tax & Adequacy Grant
$2,136,246 $2,483,950
Coop Net Assessment $7,828,642 $4,102,615
Assessment Change in $'s $65,303 $240,509
Assessment Change in % 0.84% 6%
Assessed Valuation$1,038,492,74
8$453,219,506
Tax Rate $7.54 $9.05
Tax Rate Change in $'s -$0.16 $0.19
Tax Rate Change in % -2.1% 2.1%