3. Review 2006-07 Tentative Budget for all funds and receive 2006-07 Tentative Educational Facilities Plan (Revised)
Attachment: Copy of BUDGET PRESENTATION 06-07-1.pdf
Attachment: Ed Fac Plan 06.07.pdf
Attachment: FEFP Documents.pdf
Dr. George Copeland began with an update of legislative changes that will affect the 2006-07 budget. He briefly reviewed the budgeting timelines and TRIM timetable, and then went on to review the 2006-07 Annual Budget. A complete copy of the Tentative 2006-07 Annual Budget can be found in the attachment. At the July 20 regular meeting, the Board will be asked to set Thursday, September 7, 2006 at 7:00 p.m. for the Public Hearing to approve the Final Budget. A review of the General Fund (Fund 100) for fiscal year 2005-06, shows final estimated revenues of $207,650,751, final estimated expenditures of $204,626,643 and an estimated ending balance in the general fund $25,908,623. For 2006-07 (General Fund), proposed revenues are estimated at $246,997,114, proposed expenditures are estimated at $247,792,645, and the Fund Balance at the end of 2006-07 is estimated at $27,024,464.
Deputy Superintendent Ben Wortham, having just arrived after an afternoon bargaining session with the teachers' union, announced that a settlement had been reached with a 9.4% overall average increase. The beginning teacher salary will increase from $31,500 to $35,000.
Dr. Copeland reviewed the rolled-back calculation . A tax increase will be advertised for a 13.69% increase over the rolled back rate. He then went on to review the Debt Service Funds (Fund 200). Detailed information on Certificates of Participation, including principal, interest, dues and fees, can be found in the Budget presentation attachment. Total debt paid out for 2006-07 is estimated at $5,892,223.
Funds 300, 410, 420 and 711 were briefly addressed by the respective Division/Department Heads.
After a brief recess, Mike Elliott, Assistant Superintendent for Support Services, addressed setting the district's level of service standard and the correlation with the Educational Facilities Plan. The Plan must contain our proposed plan to establish the level of service standard and this standard will also need to be identified in the Interlocal Agreement with the BCC. Jim Connell, Director of Facility Planning & Construction, reviewed the Tentative Educational Facilities Plan. The detailed Educational Facilities Plan can be reviewed in the attachments.
As requested in an earlier meeting. Mr. Elliott distributed information regarding options for affordable housing.