cedar falls community school district 2011-12 budget ......state rank school district 2016/17 rpdc...
TRANSCRIPT
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2017/18 Budget
Presentation
CEDAR FALLS COMMUNITY
SCHOOL DISTRICT
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Iowa Code Chapter 257.1(2)
“... each school district in the state is entitled to receive foundation
aid, in an amount per pupil equal to the difference between the
amount per pupil of foundation property tax in the district, and the
combined foundation base per pupil or the combined district cost per
pupil, whichever is less.
IOWA PUBLIC SCHOOL FOUNDATION PROGRAM -
STATE AID
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Aid & Levy Budget Worksheet
Implements the school foundation aid formula
Calculates the amount of spending authority, state aid and property
taxes for a school district
A school district’s general fund spending is limited by it’s maximum
spending authority
Formula first determines the total spending authority
Primarily student enrollment times cost per pupil
Determines state aid vs. property taxes
GENERAL FUND BUDGET DETERMINATION
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Aid & Levy Worksheet – 21 Sections
1. Budget Enrollment
2. Cost per Pupil Amounts
3. Weighted Enrollment
Special Education
Sharing
At-Risk (Now included as a part of drop-out funding)
English Second Language (ESL)
GENERAL FUND BUDGET DETERMINATION
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Aid & Levy Worksheet Continued
4. District Cost Calculations
Regular Program
Other District Cost Calculations (TSS/PD/Early Childhood/TLC)
AEA District Cost Calculations
5. Combined District Cost (Summary of Section 4)
6. Uniform Levy
Basic
Utility Replacement Adjustment
Uniform Levy Commercial & Industrial State Replacement Adjustment
GENERAL FUND BUDGET DETERMINATION
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Aid & Levy Worksheet Continued
7. State Foundation Aid
Regular Program Cost
Preschool Foundation Aid
8. Additional Dollar Levy
Combined District Cost
Property Tax Replacement Payment (PTRP)
Property Tax Equity & Relief (PTER) (67 schools for Fy17 - $33.48 million)
Final Additional Levy Before Utility Replacement Adjustment
9. Final State Foundation Aid Calculation
GENERAL FUND BUDGET DETERMINATION
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Aid & Levy Worksheet Continued
10. Instructional Support Levy Calculation
11. Educational Improvement Program (CF currently not eligible)
12. Reserved for Future Use
13. Additional Levy Adjustment
Utility Replacement
C & I State Replacement Adjustment
14. Reserved for Future Use
15. Summary of General Fund Levies
GENERAL FUND BUDGET DETERMINATION
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Aid & Levy Worksheet Continued
16. State Aid Payments to AEA & District
17. Summary of General Fund Budget Spending Authority
18. Summary of Financing for General Fund Maximum Budget
19. Voted Physical Plant & Equipment Levy (PPEL)
20. Income Surtax Rates & General Fund Surtax Dollars
21. Other Property & Utility Tax Replacement Taxes
Management Levy
Regular Physical Plant & Equipment Levy
Debt Service
GENERAL FUND BUDGET DETERMINATION
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4,398.3 4,442.9 4,489.3
4,741.4 4,738.1 4,799.3 4,951.1
5,051.2 53.9
311.8 292.1
121.0 121.0 108.0
101.0
95.6
3,800
4,000
4,200
4,400
4,600
4,800
5,000
5,200
Oct-09 Oct-10 Oct-11 Oct-12 Oct-13 Oct-14 Oct-15 Oct-16
Stu
de
nt
CF OE Out
CERTIFIED ENROLLMENT SECTION 1
4,452.2 4,754.7 4,781.4 4,862.4 4,859.1 4,907.3 5,052.1 5,146.8
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7.93% 8.51% 8.08% 7.22%
6.58% 5.89% 5.72% 5.67%
2.85% 3.11%
2.71% 2.90%
2.88% 3.21% 3.06% 2.99%
1.60%
1.47%
1.36% 1.31%
1.47% 1.35% 1.57% 2.08%
0%
2%
4%
6%
8%
10%
12%
14%
Oct 09 Oct 10 Oct 11 Oct 12 Oct 13 Oct 14 Oct 15 Oct 16
L1 L2 L3
SPECIAL ED ENROLLMENT BY PERCENTAGE SECTION 3
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0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 FY18
Cedar Falls CF w/o PLS State
HISTORY OF SUPPLEMENTAL STATE AID IN PERCENTAGE
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State
Rank
School District 2016/17 RPDC 2016/17
RPDC/P
10/1/16
Count
2017/18 RPDC Dollar Growth %
Growth
Per Pupil
Growth
Enrollment
Increase
11 W Des Moines* $59,545,319 $6,591 8,968.9 $59,995,402 $ 450,083 0.76% $ 50.18 (43.6)
12 Linn-Mar $47,448,557 $6,592 7,312.5 $48,737,813 $ 1,289,256 2.72% $ 176.31 114.6
13 Johnston $44,529,455 $6,591 6,894.2 $45,942,949 $ 1,413,494 3.17% $ 205.03 131.1
14 Southeast Polk $44,828,687 $6,591 6,797.2 $45,296,541 $ 467,854 1.04% $ 68.83 (4.3)
15 Marshalltown $35,289,535 $6,632 5,435.2 $36,443,016 $ 1,153,481 3.27% $ 212.22 114.1
16 Cedar Falls $33,333,756 $6,598 5,146.8 $34,334,303 $ 1,000,547 3.00% $ 194.44 94.7
17 College $32,608,313 $6,664 5,086.6 $33,897,102 $ 1,228,789 3.95% $ 253.37 139.2
18 Muscatine $34,690,335 $6,664 5,084.2 $34,416,225 $ (274,110) (0.79)% $ (53.91) (85.6)
19 Pleasant Valley $30,471,823 $6,797 4,745.5 $32,255,164 $ 1,783,341 5.85% $ 375.80 213.7
20 Ottumwa $30,469,534 $6,664 4,643.2 $30,942,285 $ 472,751 1.55% $ 101.82 20.3
21 Burlington $29,908,402 $6,664 4,422.7 $29,673,177 $ (235,225) (0.79)% $ (53.19) (34.8)
SSA COMPARISON - SIMILAR SIZED SCHOOLS
* = Indicated budget guarantee for Fy18
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-177.2
167.3
277.1
162.8
50.2
239.5
285.7
-244.2
359.4
45.3
-171.2
-250.0
-200.0
-150.0
-100.0
-50.0
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
Stu
de
nts
SIMILAR SIZED SCHOOLS
THREE YEAR CUMULATIVE CHANGE
CERTIFIED ENROLLMENT
Oct. 2014, 2015 & 2016 certified enrollment count
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$785,031
$1,510,715
$1,714,497
$1,057,865
$641,330
$1,122,744
$1,356,885
$131,258
$1,465,758
$600,906
$52,406
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
SIMILAR SIZED SCHOOLS
THREE YEAR AVERAGE INCREASE
SUPPLEMENTAL STATE AID
Included any budget guarantee funds received
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579.0
-311.3
-400
-300
-200
-100
0
100
200
300
400
500
600
STATE ENROLLMENT CHANGE
OCT. 1, 2015 - OCT 1, 2016
Cedar Falls 94.7 (16th)
332 Districts
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579.6
-163.7 -200
-100
0
100
200
300
400
500
600
3 YEAR AVERAGE STATE ENROLLMENT CHANGE
OCT. 1, 2014 - OCT 1, 2016
Cedar Falls 95.9 (12th)
332 Districts
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$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Bil
lio
ns
Regular TIF
CEDAR FALLS CSD
HISTORY OF ASSESSED VALUATION SECTION 6
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Used by cities/counties/community colleges since 1958
City/county adopt urban renewal plans
Community Colleges job training projects
City/county adopts an ordinance to initiate Tax Increment Financing
Establishes a base valuation at the prior years’ taxable valuation level
Increased value of TIF area is incremental valuation
Revenue on base valuation goes to all taxing authorities
Revenue on incremental valuation goes to TIF project with some
exceptions
TAX INCREMENT FINANCING BASICS
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$260,000
$280,000
$300,000
$320,000
$340,000
$360,000
$380,000
$400,000
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Cedar Falls State Median Avg
ASSESSED VALUATION PER STUDENT
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70.16% 65.05%
74.04% 76.00% 76.93% 73.52%
1.33%
1.21%
1.35% 1.36% 1.29%
1.21%
27.22% 32.64%
23.44% 21.66% 16.84% 21.01%
4.02% 3.31% 1.29% 1.10% 1.17% 0.98% 0.92% 0.96%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012/13 2013/14 2014/15 2015/16 2016/17 2017/18
Residential Ag land & bldgs Comm./Indust. Multi-residential RR/Utility/Other
ASSESSED VALUATION BY CATEGORY
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$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Cedar Falls Dike-NH Hudson Janesville Waterloo Waverly-SR State Avg
2016/17 VALUATION PER STUDENT –
AREA SCHOOL COMPARISON
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$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Cedar Falls Dike-NH Hudson Janesville Waterloo Waverly-SR State Avg
Fy15 Fy16 Fy17
VALUATION PER STUDENT
AREA SCHOOL 3 YR. COMPARISON
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$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
WDM Linn-Mar Johnston SE Polk M'town Cedar Falls College Muscatine Pleasant
Valley
Ottumwa Burlington
2016/17 VALUATION PER STUDENT
SIMILAR SIZE SCHOOL COMPARISON
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$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
WDM Linn-Mar Johnston SE Polk M'town Cedar Falls College Muscatine Pleasant
Valley
Ottumwa Burlington
Fy15 Fy16 Fy17
VALUATION PER STUDENT
SIMILAR SIZE SCHOOL 3 YR. COMPARISON
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12.57% $ 838 per Student
Additional Levy
Combined District Cost –
Foundation Dollar Level
62.82% $4,191 per Student
State Foundation Aid =
Foundation Dollar Level – Uniform Levy
Foundation dollar cost per pupil as set
by the State of Iowa x Weighted
Enrollment - Uniform Levy
+ SSA Prop Tax Replacement Payment
24.61% $1,642 per Student
Uniform Levy =
$5.40 per $1,000 assessed valuation x
school district assessed valuation
2017/18 COMBINED DISTRICT COST –
$6,771 PER STUDENT
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$5,890 $5,890
$6,008
$6,128
$6,373
$6,453
$6,598
$6,671
$5,400
$5,600
$5,800
$6,000
$6,200
$6,400
$6,600
$6,800
FY11 FY12 FY13 Fy14 Fy15 Fy16 Fy17 Fy18
HISTORY OF COST PER PUPIL
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37.47% 37.16% 38.20% 40.65%
37.92% 36.63% 36.07% 37.18%
62.53% 62.84% 61.80% 59.35%
63.08% 63.37% 63.93% 62.82%
0%
10%
20%
30%
40%
50%
60%
70%
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 FY18
Property Tax State Aid
HISTORICAL COMBINED DISTRICT COST MIX
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Aid & Levy budget worksheet
Uniform Levy (Section 6)
Property Tax Portion = $10,162,491 (Ln 6.3)
Property Tax Rate = $5.40000
Final State Foundation Aid (Section 9)
Regular Program = $31,191,420 (Ln 9.12 – Ln 9.11)
Includes TSS, PD, TLC, Early Intervention & Property Tax Replacement Payment (PTRP)
COMBINED DISTRICT COST FUNDING
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Additional Levy (Section 8 minus Section 13)
Gross Property Tax Additional Levy (Ln 8.4) $6,739,571
Utility Replacement Adjustment (Ln 8.38) - 38,878
AEA Statewide Reduction (Ln 8.41) + 66,618
Property Tax Replacement Payment (Ln 8.42) - 490,585
Add. Levy Utility Replacement Adjust (Ln 13.5) + 333
Add. Levy C & I State Replacement (Ln 13.21) - 257,749
Dropout Prevention Program (Ln 5.17) - 828,149
Net Additional Levy $5,191,161
Property Tax Rate = $2.75828
COMBINED DISTRICT COST FUNDING
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Aid & levy budget worksheet
Property Tax Portion = $15,353,652
Property Tax Rate = $8.15828
Dropout Prevention (approved by BOE on Dec. 12, 2016)
Property Tax Portion = $828,149
Property Tax Rate = $0.44004
Totals
Property Tax Portion = $16,181,801
Property Tax Rate = $8.59832
COMBINED DISTRICT COST FUNDING
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$8.51
$9.66 $9.61
$8.62
$10.78
$8.95 $8.98
$0.00
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
Cedar Falls Dike-NH Hudson Janesville Waterloo Waverly-SR State Avg
2016/17 COMBINED DISTRICT COST –
TAX RATE COMPARISON
Includes Drop Out Prevention Funding.
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$8.20
$9.81
$9.41
$10.42
$10.71
$8.87 $8.69
$10.57
$9.39 $9.47
$10.98
$8.00
$8.50
$9.00
$9.50
$10.00
$10.50
$11.00
$11.50
WDM Linn-Mar Johnston SE Polk M'town Cedar
Falls
College Muscatine Pleasant
Valley
Ottumwa Burlington
2016/17 COMBINED DISTRICT COST –
SIMILAR SIZE SCHOOL COMPARISON
Includes Drop Out Prevention Funding
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$11.56 $12.28 $13.21
$14.63 $13.71 $13.90 $14.35
$15.35
$0.57 $0.57
$0.66
$0.66 $0.74 $0.74
$0.77
$0.83
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Millio
ns
CDC Dropout
HISTORY OF COMBINED DISTRICT COST & DROPOUT
PROPERTY TAX REVENUE
![Page 34: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/34.jpg)
$8.80455 $8.80728 $8.58129 $8.23849 $8.46096 $8.40597 $8.41638 $8.15828
$0.43527 $0.40703 $0.43082 $0.37572
$0.45951 $0.44868 $0.45329 $0.44004
$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
CDC Dropout
HISTORY OF COMBINED DISTRICT COST & DROPOUT
PROPERTY TAX RATES
![Page 35: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/35.jpg)
Included with General Fund for reporting to Dept. of Education
10 year levy approved by voters of District (Thru Fy2022)
10% of regular district program cost ( L n 10 . 5 ) $3,433,430
Less gross ISL State Aid (22.56% of total) - $ 774,582
Net Property Tax $2,658,848
Instructional Support State Aid + $ 0
(0% of Gross State Aid)
Total Adjusted ISL Dollars = $2,658,848
Less anticipated actual ISL State Aid - $ 0
Anticipated Actual ISL Dollars = $2,658,848
Property tax rate of $1.30531/$1,000
INSTRUCTIONAL SUPPORT LEVY SECTION 10
![Page 36: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/36.jpg)
$2.03
$2.15 $2.23
$2.37 $2.40 $2.45
$2.55
$2.66
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
$2.2
$2.4
$2.6
$2.8
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Millio
ns
HISTORY OF INSTRUCTIONAL SUPPORT LEVY
PROPERTY TAX REVENUE
![Page 37: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/37.jpg)
$1.5497 $1.5354 $1.4512
$1.2927 $1.2749 $1.2856 $1.2915 $1.3053
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
HISTORY OF INSTRUCTIONAL SUPPORT LEVY
PROPERTY TAX RATES
![Page 38: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/38.jpg)
SBRC Approved Requests
Increased enrollment, open enrollment out, LEP excess cost
$624,830 – Increased enrollment, approved by BOE on Nov. 14, 2016
$ 10,160 – ELL beyond 5 years, approved by BOE on Nov. 14, 2016
$102,442 – LEP allowable excess cost, approved by BOE on Sept. 26, 2016
Special Education
$ 807,534 – Special Ed excess cost, approved by BOE on Oct. 10, 2016
Total SBRC #1 approved requests - $1,544,966
CASH RESERVE LEVY – PART ONE SECTION 15
![Page 39: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/39.jpg)
Other
Cash flow needs $ 598,702
Other SBRC approved requests $ 0
Total request for Fy18 $ 598,702
Amount requested was deferred from Fy17
Change due to reduction in Fy17 CR to match published Fy17 tax levy amount.
CASH RESERVE LEVY – PART TWO SECTION 15
2016-17 Budget
![Page 40: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/40.jpg)
SBRC Approved/Requested $1,544,966
Other Request (Fy17 deferral) $ 598,702
Total Cash Reserve Levy $2,143,668
Property Tax Rate of $1.13907
CASH RESERVE LEVY – SUMMARY SECTION 15
![Page 41: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/41.jpg)
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
Actual
Fy16
Actual
Fy17
Fy18 Fy19 Fy20 Fy21 Fy22 Fy23 Fy24 Fy28 Fy26
Millio
ns
Enrollment Special Ed ELL/LEP 1 Yr Deferred/Additional
FUTURE PROJECTED SBRC REQUESTS
Projections based on RSP & Associates student enrollment growth, $604,325 average
annual special education program & $120,865 average annual ELL/LEP program deficits.
![Page 42: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/42.jpg)
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Actual
Fy16
Actual
Fy17
Fy18 Fy19 Fy20 Fy21 Fy22 Fy23 Fy24 Fy28 Fy26
Enrollment Special Ed ELL/LEP 1 Yr. Deferred/Additional
FUTURE PROJECTED SBRC REQUESTS
TAX RATE
Projections based on RSP & Associates student enrollment growth, $604,325 annual special education
program deficit, $120,865 annual ELL/LEP program deficit & 2.0% annual assessed valuation increase.
![Page 43: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/43.jpg)
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Millio
ns
SBRC Cash Flow
HISTORY OF SBRC CASH RESERVE LEVY
TAX REVENUE
![Page 44: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/44.jpg)
$0.4665 $0.2757
$0.7459
$0.9935
$0.4870
$0.1908
$0.6453 $0.8209
$0.6663
$1.2597 $0.1416
$0.0000
$0.1235
$0.1215
$0.0000
$0.3181
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
SBRC Cash Flow
HISTORY OF CASH RESERVE LEVY TAX RATES
![Page 45: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/45.jpg)
Total General Fund Request
Dollars Tax Rate
Comb. District Cost $15,353,652 8.15841
Dropout $ 828,149 0.44005
Instructional Support $ 2,658,848 1.30531
Cash Reserve Levy $ 2,143,668 1.13907
Totals $ 20,984,317 11.04284
GENERAL FUND SUMMARY SECTION 15
![Page 46: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/46.jpg)
$15.65 $16.25
$17.48
$19.34
$17.84 $17.54
$18.78
$20.98
$10
$12
$14
$16
$18
$20
$22
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Millio
ns
HISTORY OF OPERATING FUND PROPERTY TAX REVENUE
![Page 47: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/47.jpg)
$11.92
$11.65
$11.35
$10.90 $10.81
$10.45
$10.81
$11.04
$10.00
$10.20
$10.40
$10.60
$10.80
$11.00
$11.20
$11.40
$11.60
$11.80
$12.00
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
HISTORY OF OPERATING FUND PROPERTY TAX RATES
![Page 48: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/48.jpg)
Beginning in Fy2015, commercial & industrial property
valuations are being reduced through rollback. Rollback was
95% in Fy2015 and 90% beginning in Fy2016. The state is
reimbursing local governments and school districts for the loss
of property tax receipts.
Beginning in Fy2018, commercial and industrial replacement
payments paid by the State of Iowa becomes limited by the
total amount of payments made in Fy2017.
District is estimating a 97% prorated payment for Fy2018.
COMMERCIAL & INDUSTRIAL (C & I) STATE
REPLACEMENT ESTIMATE
![Page 49: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/49.jpg)
C & I Non-TIF 100% valuation $446,290,221
C & I Non-TIF taxable valuation -$395,327,795
Est. Non-TIF valuation reduction (GF/Mgt. Fund) $ 50,962,426
C & I TIF 100% valuation $150,071,961
C & I TIF taxable valuation -$141,398,178
Est. TIF valuation reduction $ 8,673,783
Est. combined valuation reduction (Debt/PPEL/ISL) $ 59,636,209
Est. General Fund C & I replacement
($50,962,426 / 1,000) * 9.73753 (tax rate) $496,248 x 0.97 = $481,361
Est. Inst. Support Levy C & I replacement
($59,636,209 / 1,000) * 1.30531 (tax rate) $ 77,844 x 0.97 = $ 75,508
CFCSD COMMERCIAL & INDUSTRIAL (C & I)
STATE REPLACEMENT ESTIMATE
![Page 50: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/50.jpg)
$629,377
$38,000
$30,000
$34,975
$40,400
$623,828
$2,135,261
$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000
Misc. Other
Pools
Facilities
Rentals
Interest
Sp Ed Tuition
OE Tuition
GENERAL FUND – PROJECTED OTHER LOCAL REVENUE
![Page 51: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/51.jpg)
$235,714
$0
$556,869
$2,538,689
$1,663,806
$476,476
$3,585,158
$23,403,767
$0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000
Misc. Other
ISL
C&I Repl.
AEA Flow Thru
State - TLC
State - PreSch
State - Tchr
State - CDC
GENERAL FUND – PROJECTED STATE REVENUE
![Page 52: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/52.jpg)
$30,072
$30,265
$41,000
$900,000
$147,883
$236,498
$147,228
$472,775
$- $200,000 $400,000 $600,000 $800,000 $1,000,000
Misc. Other
Perkins
TAP
Medicaid
Head Start
Part B
Title IIA
Title I
GENERAL FUND – PROJECTED FEDERAL REVENUE
![Page 53: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/53.jpg)
Federal, $1,915,457,
3.25%
Local, $24,474,743,
41.59%
State, $32,460,479,
55.16%
TOTAL 2017/18 GENERAL FUND REVENUE
Due to rounding, percentages may not equal 100.00%
![Page 54: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/54.jpg)
Restricted fund
Board of Education Controlled
Used for property/liability/auto/workman compensation/etc. insurance premiums
Property loss deductible
Early severance benefits
Amount requested for 2017/18
$700,000
Property tax rate of $0.37196/$1,000
Est. General Fund C & I replacement
($50,962,426 / 1,000) * 0.37196 (tax rate) * 0.97 = $18,387
MANAGEMENT FUND
![Page 55: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/55.jpg)
$735
$650
$550
$450
$500 $530
$500
$700
$0
$100
$200
$300
$400
$500
$600
$700
$800
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Th
ou
sa
nd
s
HISTORY OF MANAGEMENT FUND PROPERTY TAX
REVENUE
![Page 56: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/56.jpg)
$0.55987
$0.46602
$0.35722
$0.25485
$0.30864 $0.32191
$0.29319
$0.37196
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Pe
r Th
ou
sa
nd
HISTORY OF MANAGEMENT FUND PROPERTY TAX RATE
![Page 57: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/57.jpg)
2 Parts
Board of Education Controlled – up to $0.33/$1,000 (regular)
Voters approved renewal of additional $1.34/$1,000 levy for 10 years on
December 6, 2016. Levy now expires June 30, 2028 (voted).
Can be used for:
Purchase or improvement of grounds
Construction, repairing or remodeling of schoolhouses or roads to schoolhouses
including debt for same
Purchase or lease of equipment greater that $500 per unit
Purchasing of “bundled” technology greater than $500
Purchase or lease of school buses or other vehicles
Leasing or renting of facilities
PHYSICAL PLANT & EQUIPMENT LEVY (PPEL)
![Page 58: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/58.jpg)
PPEL Fund
Amount requested for 2017/18
$672,195 (regular) & $2,729,517 (voted) = $3,401,712
Property tax rate of $1.67/$1,000
Est. Inst. Support Levy C & I replacement
($59,636,209 / 1,000) * 1.67 (tax rate) *0.97 = $96,605
PHYSICAL PLANT & EQUIPMENT LEVY (PPEL)
![Page 59: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/59.jpg)
$0.49 $0.51 $0.54 $0.59 $0.61 $0.62 $0.63 $0.65 $0.67
$1.98 $2.08 $2.18 $2.38 $2.46 $2.52 $2.55 $2.65 $2.73
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
Fy10 Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Millio
ns
Regular Voted
HISTORY OF PHYSICAL PLANT & EQUIPMENT LEVY
(PPEL) PROPERTY TAX REVENUE
![Page 60: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/60.jpg)
$0.33 $0.33 $0.33 $0.33 $0.33 $0.33 $0.33 $0.33
$1.34 $1.34 $1.34 $1.34 $1.34 $1.34 $1.34 $1.34
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Regular Voted
HISTORY OF PHYSICAL PLANT & EQUIPMENT LEVY
(PPEL) PROPERTY TAX RATES
![Page 61: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/61.jpg)
Restricted fund
Used to pay interest as it becomes due and the amount necessary to pay the
principal when due on bonds or other authorized indebtedness issued by the
district, and to make payments required under a loan, lease-purchase
agreement, or other evidence of indebtedness authorized by this code. (298A.10)
$32 million bond – Voter approved on April 5, 2016
Bonds sold February 7, 2017 – 19 years at 3.0785%
Amount requested for 2017/18
$2,419,725
Property tax rate of $1.18791/$1,000
Est. General Fund C & I replacement
($59,636,209 / 1,000) * 0.37196 (tax rate) * 0.97 = $68,717
DEBT SERVICE LEVY
![Page 62: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/62.jpg)
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$2.42
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Millio
ns
HISTORY OF DEBT SERVICE LEVY PROPERTY TAX REVENUE
![Page 63: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/63.jpg)
$0.00000 $0.00000 $0.00000 $0.00000 $0.00000 $0.00000 $0.00000
$1.18791
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Pe
r Th
ou
sa
nd
HISTORY OF DEBT SERVICE LEVY PROPERTY TAX RATE
![Page 64: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/64.jpg)
Comb. Dist . Cost $16,181,801
Cash Res. Levy - SBRC $ 1 ,544,966
Cash Res. Levy - Other $ 598,702
Sub-Total – General Fund $18,325,469 $ 9.73753
Instructional Suppor t Levy $ 2,658,848 $ 1 .30531
Management Fund $ 700,000 $ 0.37196
Voted PPEL Levy $ 2,729,517 $ 1 .34000
Regular PPEL Levy $ 672,195 $ 0.33000
Debt Service Levy $ 2,419,725 $ 1 .18791
Total $27,505,754 $14.27271
SUMMARY
![Page 65: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/65.jpg)
$14.15 $13.79
$13.38
$12.83 $12.78 $12.44
$12.77
$14.27
$13.08
$8
$9
$10
$11
$12
$13
$14
$15
Fy11 Fy12 Fy13 Fy14 Fy15 Fy16 Fy17 Fy18
Total w/o Debt Service
TOTAL PROPERTY TAX RATE HISTORY
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Dropout Prevention
3.01%
Instructional Support
9.67%
Cash Reserve Levy
7.79%
Management Fund
2.54%
PPEL - Regular
2.44% PPEL - Voted
9.92%
Combined District Cost
55.82%
Debt Service
8.80%
2017/18 PROPERTY TAX BREAKDOWN
Due to rounding, percentages may not equal 100.00%
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Voted PPEL, Inst. Sup. &
Debt Serv.
28.39%
DRP, CR, Mgt, Reg. PPEL
15.79%
Combined District Cost
55.82%
2017/18 PROPERTY TAX BREAKDOWN
Due to rounding, percentages may not equal 100.00%
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0%
10%
20%
30%
40%
50%
60%
70%
CDC Dropout Inst Sup Cash Res Mgt R PPEL V PPEL Debt Serv
2014/15 2015/16 2016/17 2017/18
TAX LEVY HISTORY BY PERCENTAGE
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$7.00
$8.00
$9.00
$10.00
$11.00
$12.00
$13.00
$14.00
$15.00
2016/17 2017/18
Pe
r Th
ou
sa
nd
Debt
V PPEL
R PPEL
Mgt
Cash Res
ISL
Dropout
CDC
2016/17 $12.76973/$1,000
2017/18 $14.27271/$1,000
Change +$ 1 .50298/$1,000
PROPERTY TAX RATE COMPARISON
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$10
$12
$14
$16
$18
$20
$22
$24
$26
$28
2016/17 2017/18
Millio
ns
Debt
V PPEL
R PPEL
Mgt
Cash Res
ISL
Dropout
CDC
2016/17 $22,571,394
2017/18 $27,505,754
Change +$ 4,934,360
PROPERTY TAX REVENUE COMPARISON
![Page 71: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/71.jpg)
$2,419,725
$84,485
$20,807
$200,000
$1,036,938
$119,322
$55,102
$997,981
$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000
Debt Serv
V PPEL
R PPEL
Mgt
Cash Res
ISL
Dropout
CDC
2017/18 PROPERTY TAX REVENUE CHANGE
![Page 72: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/72.jpg)
Iowa Code 441.21
Adjustments in value to comply with state law that allows no more than a 4%
increase in taxable value from year to year for all classes of property, except
utility property which has a maximum increase of 8% per year.
Rate adjustment determined by Iowa Department of Revenue.
Rate adjustment is the same for all counties in Iowa.
ASSESSMENT & VALUATION OF PROPERTY
ASSESSMENT LIMITATIONS ORDER (ROLLBACK)
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40%
42%
44%
46%
48%
50%
52%
54%
56%
58%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
RESIDENTIAL ROLLBACK HISTORY
Assessment Yr.
Fiscal Yr. F2009 F2010 F2011 F2012 F2013 F2014 F2015 F2016 F2017 F2018
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2016/17 2017/18
Prop. Value $100,000 $100,000
Rollback x 0.556259 0.569391
Tax Rate x 0.01276973 0.01427271
Gross Tax = $ 710.33 $ 812.68
Est. Homestead - $ 62.00 $ 62.53
Net Tax = $ 648.33 $ 750.15
Change w/o Debt Service $ 34.18
Debt Service $ 67.64
Total Change $ 101.82
PROJECTED RESIDENTIAL PROPERTY TAX
![Page 75: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/75.jpg)
March 27, 2017 – Establish Proposed Budget
March 29, 2017 – Publish Proposed Budget
April 10, 2017 – Public Hearing & Adoption of Budget
April 17, 2017 – File Budget with County Auditor
2017/18 BUDGET TIMELINES
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Iowa Code Section 24.9
Budget estimates adopted and certified in accordance with this chapter may
be amended and increased as the need arises ...... to permit appropriation and
expenditure during the fiscal year covered by the budget of amounts of cash
anticipated to be available during the year from sources other than taxation
and which had not been estimated and appropriated for expenditure during
the fiscal year of the budget sought to be amended.
Iowa Code Section 257.7(2)
If actual miscellaneous income for a budget year exceeds the anticipated
miscellaneous income in the certified budget for that year …… a school
district may amend its certified budget.
2016/17 SCHOOL BUDGET AMENDMENT
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Amendment to 2016-17 Budget
Instruction
Amend expenditures from $40,700,355 to $41,444,549
TLC Grant, technology equipment & staffing due to increased enrollment
Total Support Services
Amend expenditures from $16,392,197 to $17,005,312
Technology equipment & staffing due to increased enrollment
Non-instructional Programs
No Change
Other Expenditures
Amend expenditures from $12,361,198 to $34,912,469
Refinancing of Series 2011 revenue bonds & construction projects
Public hearing required
2016/17 SCHOOL BUDGET AMENDMENT
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March 27, 2017 – Establish Proposed Budget Amendment
March 29, 2017 – Publish Proposed Budget Amendment
April 10, 2017 – Public Hearing & Adoption of Budget
Amendment
April 17, 2017 – File Budget Amendment with County Auditor
2016/17 BUDGET AMENDMENT TIMELINES
![Page 79: Cedar Falls Community School District 2011-12 Budget ......State Rank School District 2016/17 RPDC 2016/17 RPDC/P 10/1/16 Count 2017/18 RPDC Dollar Growth % Growth Per Pupil Growth](https://reader034.vdocuments.net/reader034/viewer/2022051804/5ff02db1b3117c04710993a8/html5/thumbnails/79.jpg)
QUESTIONS?