Note for the Record:  This meeting was not live-streamed due to an issue with YouTube but was video recorded for post meeting upload to the district website.    

Dr. Susan Legutko, Assistant Superintendent for Business Affairs, reported the total millage rate to be levied is less than the roll-back rate by .047, so the district will not be required to advertise a tax increase.  The first public hearing on the millage rates and the tentative 2017-2018 Budget will be held on August 1, 2017.   The proposed annual budget for all funds for 2017-2018 is $386,389,412.  The Unreserved General Fund Balance at June 30, 2017, is estimated at 4.27% with an estimated 4.51% at June 30, 2018.

Mr. Jim Fossa, Coordinator of Planning, reviewed the Planning section of the Educational Facilities Plan that addresses the FTE forecast, projected school enrollments, and capacity.  Elementary "Y" is set to open in August 2018 in Oakleaf, the area experiencing the most growth in student population.  No other schools are scheduled within the 5-year plan.  

Dr. Michael Kemp, Assistant Superintendent for Operations, reviewed the Maintenance and Transportation sections, and the Capital Outlay Plan with projected revenues and revenue sources. He stated that School "Y" will be funded by a combination of Impact Fees and Local Capital Improvement Funds (LCIF), without incurring debt service.  Regarding Transportation, no new buses will be purchased during 2017-2018, deferring any new purchases until the school year 2018-2019.  All future bus purchases will include air conditioning.  We were able to retrofit 19 standard buses last year and the Plan calls for retrofitting 19 more standard buses during 2018-2019.   Dr. Kemp stressed the need to find new sources of revenue in order to be competitive and meet much-needed facilities maintenance and repairs projects.

The appropriate notices as required by TRIM will be advertised to include the public hearing scheduled for August 1, 2017, the tentative budget, and the following tentative millage rates for 2017-2018:

• Required Local Effort including Prior Period Funding Adjustment - 4.1900 (*$46,715,185)
• Capital Outlay - 1.5000 (*$16,723,813)
• Discretionary Operating - 0.7480 (*$8,339,608)
• Totals Proposed - 6.8020 (*$71,778,606)

*Proposed amount to be raised.