1. Attendance

Minutes: Present:  Carol Vallencourt, District No. 1;  Carol Studdard, District No. 2; and Lisa Graham, District No. 5.   Superintendent David Owens was also present for the meeting.  Charles Van Zant, Sr., Interim Board Member for District No. 3, was absent due to travel out of the country and Wayne Bolla, District No. 4, was also absent due to "something that came up."

2. Review the Rolled-Back Rate Calculation and the 2007-08 Millages

Attachment: rolled20070815075208287.pdf
Minutes: Dr. George Copeland, Assistant Superintendent for Business Affairs, briefly reviewed the millage levies.  It was noted that the required local effort is not a discretionary mill levy, but the rate is set by the state.  A tax increase was advertised because the required local effort mill levy exceeded the rolled back rate by 2.76%.  The total millage levy of 7.491% for 2007-08 exceeded the rolled back rate by 4.97%. 

3. Review the Tentative 2007/08-2011/12 Educational Facilties Plan

Attachment: Ed Fac Plan 9.6.07.pdf
Minutes: 

Mike Elliott, Assistant Superintendent for Support Services, gave a brief summary of the Educational Facilities Plan.  The Plan was reviewed in detail at a workshop on August 30, 2007. 

REVENUE (ALL SOURCES) FOR 2007/08:

• $83.3 MILLION IS AVAILABLE
• $53.9 IS PLANNED FOR GENERAL CAPITAL OUTLAY EXPENDITURE
• $21.1 IS PLANNED TO ROLL FORWARD FOR OAKLEAF HIGH SCHOOL
• SPECIAL MAINTENANCE PECO IS $3.4 MILLION
• 2 MILL REVENUE FOR MAINTENANCE AND SALARIES IS $2.85 MILLION
• 10% OF THE 1% BCC SALES TAX FOR DISTRICT-WIDE TECHNOLOGY IS $1.99 MILLION

This year's Educational Facilities Plan was developed under a new format.  The final document will be forwarded to the County and Municipalities to be included in their Comprehensive Plans.

 

4. Review 2007-08 Final Budget

Attachment: 2007Budget.pdf
Attachment: Budget Handout 9-6-07.pdf
Minutes: 

Dr. Copeland reviewed the Budget Summary establishing the total 2007-08 Final Budget for all funds at $451,876,344.  The district's unreserved fund balance is approximately 3% of the FEFP. Dr. Copeland updated Board Members briefly on the latest information received from the Governor's Office concerning this year's budget shortfall.  School district's were originally told to reserve 2% and then later it was rumored that the budget reductions could be as much as 4%. We have reserved 2% of our FEFP in anticipation of these cuts.  It will hurt the district severely if the final outcome is a 4% cut.  We received word today the Special Session previously scheduled to commence September 18, 2007 has been postposed, and so the Legislature will again be delayed in making any final budget decisions.  Dr. Copeland expressed concerned about funding for 2007-08, but 2008-09 poses an even greater concern. 

5. Public Hearing for Speakers regarding the 2007-08 Final Budget and Millages

Minutes: 

Chairman Vallencourt opened the public hearing.  Being no one present to speak to the budget or millages, the public hearing was closed.

6. Adopt the 2007-08 requried local effort mill levy

Motions:
Motion to adopt the required local effort mill levy of 4.731 which exceeds the rolled-back rate by 2.76 percent.	- PASS
Vote Results
Motion: Lisa Graham
Second: Carol Studdard
Lisa Graham	- Aye
Carol Studdard	- Aye
Carol Vallencourt	- Aye

7. Adopt the 2007-08 discretionary mill levy

Motions:
Motion to adopt the discretionary mill levy of 0.510 which exceeds the rolled-back rate by 8.97 percent.	- PASS
Vote Results
Motion: Lisa Graham
Second: Carol Studdard
Lisa Graham	- Aye
Carol Studdard	- Aye
Carol Vallencourt	- Aye

8. Adopt the 2007-08 supplemental discretionary mill levy

Motions:
Motion to adopt the supplemental discretionary mill levy of 0.250 which exceeds the rolled-back rate by 9.17 percent.	- PASS
Vote Results
Motion: Carol Studdard
Second: Lisa Graham
Lisa Graham	- Aye
Carol Studdard	- Aye
Carol Vallencourt	- Aye

9. Adopt the 2007-08 capital improvement fund mill levy

Motions:
Motion to adopt the capital improvement fund mill levy of 2.000 which exceeds the rolled-back rate by 8.99 percent.	- PASS
Vote Results
Motion: Carol Studdard
Second: Lisa Graham
Lisa Graham	- Aye
Carol Studdard	- Aye
Carol Vallencourt	- Aye

10. Adopt the 2007-08 total mill levy

Motions:
Motion to adopt the total mill levy of 7.491 which exceeds the rolled-back rate by 4.97 percent.	- PASS
Vote Results
Motion: Lisa Graham
Second: Carol Studdard
Lisa Graham	- Aye
Carol Studdard	- Aye
Carol Vallencourt	- Aye

11. Approval of the Final 2007/08-2011/12 Educational Facilities Plan

Attachment: Ed Fac Plan 9.6.07.pdf

Motions:
Approve the Final 2007/08-2011/12 Educational Facilties Plan.	- PASS
Vote Results
Motion: Carol Studdard
Second: Lisa Graham
Lisa Graham	- Aye
Carol Studdard	- Aye
Carol Vallencourt	- Aye

12. Adopt the Final Budget for 2007-08

Attachment: 2007Budget.pdf
Minutes: Following the motion, Superintendent Owens certified for the official record the adoption of the 2007-08 Millage Rates and Final Budget, and certified that the Public Hearing met all TRIM guidelines pertaining to the budget process.

Motions:
Adopt the Final 2007-08 Budget totalling $451,876,344.	- PASS
Vote Results
Motion: Lisa Graham
Second: Carol Studdard
Lisa Graham	- Aye
Carol Studdard	- Aye
Carol Vallencourt	- Aye

13. Advertisement of Amended Notice of Tax for School Capital Outlay for 2006-07 school year

Attachment: Amended Notice of Tax.pdf

Motions:
Approve the advertisement as presented.	- PASS
Vote Results
Motion: Lisa Graham
Second: Carol Studdard
Lisa Graham	- Aye
Carol Studdard	- Aye
Carol Vallencourt	- Aye