CELINA CITY BOARD OF EDUCATION
BUDGET HEARING
January 9, 2006
The Celina City Board of Education met on special session on January 9, 2006 at 6:15 p.m. in the lecture hall of the High School. Mr. Fetters, Mr. Gilmore, Mrs. Hoyng, Mrs. Piper, and Mr. Rable answered the roll call.
The special session was called to conduct a public hearing on the Fiscal Year 2007 Budget for the district. Mr. Marbaugh presented and reviewed the budget with the Board.
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DIVISION OF TAXES LEVIED |
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(Levies Inside & Outside 10 Mill Limitation, Inclusive Of Debt Levies) (List All Levies Of The Taxing Authority) |
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Funds (General, Permanent Imp., Library, Other) |
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SCHEDULE 1 |
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II |
III |
IV |
V |
VI |
VII |
VIII |
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Authorized |
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Number |
Tax |
Collection |
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By Voters |
Levy |
Of Years |
Year |
Year |
Maximum |
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Fund |
Purpose |
On |
Type |
Levy |
Begins/ |
Begins/ |
Rate |
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MM/DD/YY |
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To Run |
Ends |
Ends |
Authorized |
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General Fund |
Operating |
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Inside Millage |
Permanent |
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4.70 mills |
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General Fund |
Operating |
Prior to 1977 |
Continuing |
Permanent |
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15.30 mills |
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General Fund |
Operating |
6/7/1977 |
Continuing |
Permanent |
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3.75 mills |
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General Fund |
Operating |
5/6/2003 |
Renewal |
Three |
2004/2007 |
2004/2006 |
6.80 mills |
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General Fund |
To avoid operating deficit |
3/2/2004 |
New |
Three |
2005/2008 |
2005/2007 |
7.90 mills |
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Debt Service |
Bond Issue |
11/7/1995 |
New |
Twenty Five |
1996/2022 |
1996/2021 |
5.36 mills |
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STATEMENT OF FUND ACTIVITY |
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(Complete only for General Fund , Bond Retirement Fund any other funds |
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requesting general property tax revenue) |
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Celina City Board Of Education |
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Schedule 2 |
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FUND: General Fund (includes Debt Service) |
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I |
II |
III |
IV |
V |
VI |
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Prior |
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Budgeted FY |
Budgeted FY |
Next FY |
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Fiscal Year |
Current FY |
July 1-Dec.30 |
Jan. 1-June 30 |
July 1-Dec.30 |
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DESCRIPTION |
2005 |
2006 |
2006 |
2007 |
2007 |
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ACTUAL |
ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Fund Balance |
$2,128,042.00 |
$2,294,547.00 |
$3,992,653.00 |
$3,692,653.00 |
$4,458,757.00 |
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Revenues: |
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Property Taxes |
$9,460,619.00 |
$11,025,000.00 |
$5,000,000.00 |
$4,975,000.00 |
$4,500,000.00 |
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Income Tax |
$1,813,543.00 |
$2,100,000.00 |
$1,200,000.00 |
$900,000.00 |
$1,200,000.00 |
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Other Receipts |
$12,819,174.00 |
$13,150,000.00 |
$6,000,000.00 |
$7,125,000.00 |
$6,000,000.00 |
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Transfers In |
$358,507.00 |
$400,000.00 |
$300,000.00 |
$100,000.00 |
$300,000.00 |
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Total Resources |
$26,579,885.00 |
$28,969,547.00 |
$16,492,653.00 |
$16,792,653.00 |
$16,458,757.00 |
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Total Expenditures & Encumbrances |
$25,325,413.00 |
$26,226,894.00 |
$12,800,000.00 |
$13,333,896.00 |
$13,860,000.00 |
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Ending Unencumbered Fund Balance |
$1,254,472.00 |
$2,742,653.00 |
$3,692,653.00 |
$3,458,757.00 |
$2,598,757.00 |
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FUND: Debt Service |
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I |
II |
III |
IV |
V |
VI |
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Prior |
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Budgeted FY |
Budgeted FY |
Next FY |
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Fiscal Year |
Current FY |
July 1-Dec.30 |
Jan. 1-June 30 |
July 1-Dec.30 |
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DESCRIPTION |
2005 |
2006 |
2006 |
2007 |
2007 |
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ACTUAL |
ACTUAL |
ESTIMATE |
ESTIMATE |
ESTIMATE |
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Beginning Fund Balance |
$452,640.00 |
$14,919,046.00 |
$703,324.00 |
$423,324.00 |
$708,099.00 |
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Revenues: |
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Property Taxes |
$1,170,497.00 |
$1,154,000.00 |
$550,000.00 |
$450,000.00 |
$500,000.00 |
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Income Tax |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
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Other Receipts |
$15,415,323.00 |
$380,278.00 |
$225,000.00 |
$75,000.00 |
$50,000.00 |
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Transfers In |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
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Total Resources |
$17,038,460.00 |
$16,453,324.00 |
$1,478,324.00 |
$948,324.00 |
$1,258,099.00 |
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Total Expenditures & Encumbrances |
$2,119,414.00 |
$15,750,000.00 |
$1,055,000.00 |
$240,225.00 |
$1,055,225.00 |
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Ending Unencumbered Fund Balance |
$14,919,046.00 |
$703,324.00 |
$423,324.00 |
$708,099.00 |
$202,874.00 |
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VOTED and UNVOTED DEBT OUTSIDE 10 MILL LIMIT |
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Celina City Board Of Education |
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SCHEDULE 4 |
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II |
III |
IV |
V |
VI |
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Amount Required |
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Authorized |
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