![]() Substitute teachers historically have been less than $350,000 FY22 we spent $664,318, which was assumed to be due to COVID. Grant revenues are estimated to be down since the State has begun making late payments again Interest income is greater than anticipated due to the increasing rates and more cash on hand to invest. A tentative draft is attached.īuild America Bond’s federal subsidy went downĬollection rate for property tax collection rate was 53% in May and June last year, thus reducing collections that would have fallen into this year. ![]() An amended budget is required since we project we will spend more than what was originally budgeted. Annual budgets are developed in May/June when many factors are not known. ![]() Montgomery noted the decision had been made to amend the FY23 budget. The District can only receive what it has requested. Had the District received all funds requested, that would indicate that there was money “left on the table” that would be uncollectable since it had not been requested. The District received all available dollars for property tax collection. The EAV growth allowed the actual tax rate to go down from $4.63 to $4.61. She noted that this represented a reassessment year causing the EAV to grow 5.8039% compared to last year’s 2.1046%. The report provided the amount of the levy tied to CPI and the amount tied to new property. The report represented the ballooned levy request vs. Montgomery provided a levy update with historical data, see attached. Here are the minutes provided by the committee:įinance Committee Board members present were Pat Phipps, and Kyle Barry and member Andrea Rediger Superintendent Becca Lamon and CSBO Charlotte Montgomery. Ball-Chatham Community Unified School District 5 Finance Committee met April 18
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