Present:  Janice Kerekes, Dist 1; Carol Studdard, Dist 2; Betsy Condon, Dist 3; Johnna McKinnon, Dis 4; Ashley Gilhousen, Dist, 5.

Dr. Susan Legutko, Assistant Superintendent for Business Affairs, stated the purpose of this meeting is to ask for approval to advertise the 2016-2017 tentative budget and notice the public of the first public hearing on the budget scheduled for August 2, 2016.  The unassigned Fund Balance as of June 30, 2016 was $13, 324,872 or 3.02%. 

Dr. Legutko used the attached PowerPoint to review all Funds and reported on the proposed revenues and expenditures for 2016-2017.   The proposed annual budget is $346,170,495.  The Unassigned Fund Balance for June 30, 2017 is estimated at $11,069,027 or 4.00%.

John Merrill, Assistant Superintendent for Support Services, presented the 2016-2017 Educational Facilities Plan and highlighted several areas showing increases in student populations.  There are no new schools proposed in the five-year Plan; however, in Years 6-10  three new schools are in the Plan.  He discussed projected school enrollments and capacity.  In the Transportation area, he reported the Plan includes the purchase of 19 new regular education buses, and 8 new ESE buses.  Educational Impact Fees will generate $5.5 million in 2016-2017.  Mr. Merrill stressed that this revenue can only be spent to accommodate growth.

Dr. Legutko reported that the district will advertise a proposed tax decrease of .375% for 2016-2017.  The appropriate notices will be advertised to include the following tentative millage rates for 2016-2017 fiscal year:   Local Required Effort 4.514; Discretionary Operating Levy 0.748 Mills; Capital Outlay Projects 1.500 Mills; Total Proposed Millage 6.762 Mills; and to set a public hearing on the 2016-2017 tentative budget for Tuesday, August 2, 2016, at 5:01 p.m. at the Teacher Training Center at Fleming Island High School.

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