GOOD EVENING, EVERYONE, AND WELCOME.
[00:00:03]
TODAY'S DATE IS AUGUST 30TH, 2022.WE'RE HERE FOR A PUBLIC HEARING AT 6:00 PM.
THIS MEETING HAS BEEN POSTED IN ACCORDANCE WITH THE TEXAS OPEN MEETINGS ACT.
I WILL NOW TAKE ROLL AND ESTABLISH A QUORUM.
MISS WHITFIELD. MR. SMITH. HERE, MY MYSELF PRESENT ABSENT IS MR. JONES. OKAY.
THAT'S FOR CITIZENS COMMUNICATIONS.
OKAY. AT THIS TIME, WE'LL MOVE ON AND START OUR PUBLIC HEARING.
[5A. Lancaster Independent School District's 2022-23 Proposed Budget and Proposed Tax Rate - CE(LEGAL and LOCAL)-(G2) Todd Garrison, CFO - Presenter]
THAT'S I WANT TO CALL IT MR..GOOD EVENING, MADAM PRESIDENT.
AND THEN THAT WE WOULD HOLD THIS PUBLIC HEARING TONIGHT ON AUGUST 30TH, THE DATE THERE HELD.
THIS IS A SLIDE THAT SHOWS OUR TAX TAX VALUE HISTORY OF OUR DISTRICT AND WENT BACK TO 20 1718.
YOU CAN SEE AT THAT TIME THAT WE WERE AT ABOUT 2.25 MILLION IN CERTIFIED VALUE AND WE HAVE GROWN TO FOUR POINT ALMOST 4.3 BILLION IN TAX VALUE DURING THAT TIME.
YOU CAN SEE THAT COMPARED TO THE PT TO VALUE, WHICH IS WHAT WE USE WHEN WE DO OUR FUNDING STRUCTURE.
THAT'S THE DIFFERENCE BETWEEN THOSE VALUES IS BASICALLY YOUR PROTESTED VALUES AT THE AT THE TIME.
WE WON'T GET THAT TO NUMBER UNTIL JANUARY.
THAT CERTIFIED NUMBER, WE DON'T GET UNTIL JANUARY 25TH.
THIS IS A SLIDE THAT DEPICTS OUR TAX RATE HISTORY SINCE FISCAL YEAR 16.
YOU CAN SEE AT THAT TIME OUR TOTAL TAX RATE WAS $1.54.
YOUR MAINTENANCE AND OPERATIONS RATE WAS $1 FOUR AND YOUR ANSWER RATE AT THAT TIME WAS $0.50.
AND I THINK THE THING TO NOTE HERE IS, RATHER THAN GO THROUGH EACH ONE OF THEM, IT'S JUST THAT YOU CAN SEE THAT THE RATE IS BEING COMPRESSED AND DECLINING AS FAR AS OUR TAX RATE IS CONCERNED.
LAST YEAR'S RATE WAS A DOLLAR 47 RATE AT DOLLAR THREE, AND YOUR RATE IS ACTUALLY DOWN TO 43, 75.
THIS IS THE LAST PAGE OF THE TAX RATE WORKSHEET.
THE TAX RATE WORKSHEET IS ACTUALLY IN YOUR IN FULL IN YOUR POCKET.
BUT I'VE USED THIS IN THIS SLIDE EARLIER.
THE MAIN THINGS I WANTED TO POINT OUT HERE ARE THAT LAST YEAR'S RATE, THEY'RE AT A DOLLAR 47.
AND THE TWO ITEMS AT THE BOTTOM OF NOTE, THE NO NEW TAX RATE AS CALCULATED.
THIS IS CALCULATED BY DALLAS COUNTY USING THE VALUES THAT I MENTIONED FOR THE CERTIFIED VALUES, AS WELL AS MANY OTHER HOME VALUES AND PREVIOUS TAX HISTORY.
BUT THE NUMBERS THERE AT THE BOTTOM ARE YOUR NO NEW TAX RATE.
THAT WOULD BE YOUR RATE TO GENERATE NO NEW REVENUE.
SO WE HAVE TO BE AT THAT RATE OR LESS WITH THAT HAVING TO GO TO A VOTE.
LAST YEAR'S M.A. RATE WAS 89, 69 AND THE TIER TWO RATE AT 13 SIX.
AND SO THEN YOU HAVE YOUR INVOICE RATE.
THAT'S THE GENERATE DEBT SERVICE PAYMENT FOR A TOTAL OF AGAIN $1.47.
AND THEN THE ASTERISKS THERE INDICATE THE TAX RATE AMOUNTS FOR THE PROPOSED TAX RATE FOR THIS YEAR.
[00:05:07]
NOTE THERE THAT THE DIFFERENCE IN THE TIER ONE, WHICH IS YOUR BASIC FUNDING ALLOTMENT, IS JUST OVER $0.80.YOUR TIER TWO IS AGAIN THE SAME.
AND IT'S PROPOSED THAT WE WOULD ADOPT THE SAME RATE FOR DEBT SERVICE PAYMENT FOR AN OVERALL RATE OF $1.37, JUST OVER A DOLLAR 37, AND A PROPOSED DECREASE OVERALL OF $0.09, 6% DECREASE IN OUR TAX RATE IN A PROPOSAL BUDGET ASSUMPTIONS FOR THE YEAR.
THIS IS OUR PROJECTED ENROLLMENT.
THIS IS BASED ON OUR CURRENT NUMBERS.
SO FEEL A LOT BETTER ABOUT OUR ENROLLMENT PROJECTIONS AS WELL AS OUR ATTENDANCE.
SO THE IDEA THAT WE WOULD BE USING FOR OUR PROJECTED REVENUE WOULD BE 66 TO 85.
THE 100% PROPERTY TAX CALCULATION RATE IS WHAT WE USE.
WE ACTUALLY COLLECTED A LITTLE BIT MORE THAN THAT.
OFTENTIMES WE GET THE QUESTION, HOW DO YOU COLLECT MORE THAN 100%? BUT WHEN YOU DO PRIOR YEAR AND DELINQUENT TAXES, THAT TYPICALLY ANYTHING THAT LAGS THAT YOU WOULD USUALLY JUST AT 100% OR A LITTLE BIT OVER.
SO FEEL CONFIDENT WITH THAT AS WELL.
AGAIN, THE RATE FOR PROPOSED FOR THIS YEAR WOULD BE $0.94 INTEREST IN SINKING, STAYING STEADY AT 43, JUST OVER $0.43 FOR A COMBINED RATE OF $1.30 7 TO 81, THE CERTIFIED VALUE THERE OF ALMOST 4.3 BILLION AND THEN IT SAYS PROJECTED STATE CONTROLLER RT TO VALUE AGAIN THIS IS WHAT WE PROJECT WOULD BE BASED ON OUR PROTESTED VALUES IN IN THIS AREA OFF THAT.
BUT WE WILL NOT RECEIVE THAT OFFICIAL NUMBER FROM THE CONTROLLER UNTIL JANUARY.
SO THAT'S WHY THAT'S A PROJECTED NUMBER.
AND THEN WE GET INTO OUR ACTUAL PROPOSALS AND COMPARISONS TO LAST YEAR.
I'VE SEEN THESE IN THE BUDGET COMMITTEE.
IF YOU IF YOU WERE ABLE TO ATTEND THESE THESE NUMBERS ARE VERY SIMILAR, IF NOT EXACT.
I THINK THERE'S NO CHANGES IN REVENUE PROJECTIONS HERE.
SO YOUR REVENUE PROJECTIONS, THEY'RE COMPARATIVELY OUR LOCAL REVENUES UP ABOUT THREE, 3 MILLION.
OBVIOUSLY, THE BULK OF THAT IS IN PROPERTY TAXES BECAUSE AGAIN, OUR VALUES ARE UP.
AND WE'RE STARTING TO SEE THOSE CLIMB A LITTLE BIT.
YOU WOULD GET A LITTLE BIT LESS FROM THE STATE.
SO THOSE ARE ALMOST OFFSET AT $3 MILLION.
SO YOUR FOUNDATION IS DOWN ABOUT 5 MILLION.
STATE AVAILABLE IS UP ABOUT 2 MILLION FOR AGAIN, THAT $3 MILLION BALANCE.
AND THEN YOUR FEDERAL WE'VE SEEN AN INCREASE IN CHARS AS WELL AS OUR INDIRECT COST.
AND SO WE'RE ACTUALLY BOOKING THAT AS REVENUE.
AND AGAIN, IF WE LOOKED AT THIS FROM FOUR OR FIVE, SIX, SEVEN YEARS AGO, YOU WOULD SEE, I THINK, AN ABSOLUTE REVERSE OF THIS, WHERE YOU WOULD SEE THE MAJORITY OF THIS COMING FROM THE STATE AND LESS FROM LOCAL.
BUDGET IMPACT FOR THIS YEAR'S BUDGET FOR EXPENDITURES, WE'VE SEEN AN INCREASE IN FUEL PRICES.
SO THAT'S A BUDGETARY IMPACT, THE BIGGEST BUDGETARY IMPACT THAT YOU'RE GOING TO SEE.
AND AGAIN, 80% OF YOUR BUDGET IS BASICALLY PAYROLL.
PROPERTY TAXES, UP LEGAL FEES AND THEN SEVERAL OF THESE CURRICULUM BASED ITEMS AS WELL AS SOME SOME VEHICLES THAT WE'RE LOOKING AT PURCHASES ARE SOME OF OUR BIGGER IMPACTS TO OUR BUDGET.
YOU CAN SEE THERE AGAIN AT THE BOTTOM THERE, IT'S ABOUT A $1.8 MILLION INCREASE.
IT'S ABOUT TWO AND A HALF PERCENT.
YOU WOULD EXPECT THOSE TO GROW.
I THINK THE ONES THAT DEFINITELY ARE TO POINT OUT ARE THE ONES THAT SHOW A LITTLE BIT OF A DECREASE.
HOW WILL WE DECREASE? AGAIN, THE 51 IMPLANT MAINTENANCE SHOWS A DECREASE.
[00:10:05]
AND THAT ALSO APPLIES TO DATA PROCESSING.THEY WERE A PART OF THAT BUDGET AMENDMENT.
SO THAT WOULD SHOW THE DIFFERENCE IN THAT NOT BEING 5% AND THOSE DECREASES.
YOUR PERCENTAGE OF BUDGET TO PAYROLL AGAIN, 80% AND IT SHOWS TEN, 20% THERE.
OF THAT, YOU'VE GOT TO FIGURE IN UTILITIES AND OTHER OTHER THINGS THAT WE FUEL THAT ARE CONSTANT.
AND WE REALLY FEEL LIKE IT'S PROBABLY ANYWHERE BETWEEN FIVE AND 8% OF WHAT WE HAVE.
WE ARE ACTUALLY UP FOR BID FOR THAT.
SO LAST YEAR'S BUDGET, THE SIGNIFICANT INCREASE HAS TO DO MORE WITH THE REIMBURSEMENT RATES AND MEAL CONSUMPTION PROJECTIONS, MORE SO THAN ANYTHING ELSE.
BUT THAT COMES DIRECTLY FROM THAT CONTRACT THAT'S APPROVED.
AND WE'LL TALK MORE IN DETAIL.
THIS WAS PRESENTED MORE IN DETAIL.
AND JOSH IS HERE TONIGHT AS WELL.
WE'RE GLAD TO HAVE HIM FOR TO TALK ABOUT OUR DEBT SERVICE IF WE HAVE ANY FURTHER QUESTIONS.
THESE ARE THE TWO OPTIONS THAT WE'VE POSED AT IF WE LEAVE OUR IONS RATE AT $0.43.
AGAIN, THAT BRINGS COMBINED WITH OUR MODEL BRINGS US TO A DOLLAR 37 A DECREASE IN 9.2 $0.03 OVERALL.
IT'S GOING TO SHOW THAT WE WOULD GENERATE FOR ION'S PURPOSES A LITTLE OVER $19 MILLION IN REVENUE.
AND SO THAT WOULD GIVE US AN EXCESS COLLECTION OF ABOUT $5.3 MILLION.
AND WE THE EXPENDITURES OBVIOUSLY STAY THE SAME AT 14 MILLION.
AND THEN THIS SLIDE JUST AS A CLEANER SLIDE OF WHAT OUR DEBT SERVICE WOULD COLLECT AT THE 4.375.
TOTAL REVENUE THERE OF 19 MILLION.
AND OF COURSE, WHATEVER WE BROUGHT IN WOULD BE APPLIED TO WHATEVER DEBT WE HAVE TO TO NOT ONLY PAY OUR CURRENT DEBT, BUT ALSO FUTURE DEBT AND OPEN UP BONDING CAPACITY AS WELL AS SAVINGS. THIS SLIDE SHOWS THE PUBLIC NOTICE THAT THIS IS ACTUALLY WHAT WAS PUBLISHED ON AUGUST 19TH.
UH, FOUR IN THE NEWSPAPER THAT SHOW THE REQUIRED POSTING THAT SHOWS THE DATE AND TIME OF THE PUBLIC HEARING AS WELL AS ALL THE FINANCIAL DISCLOSURES THAT ARE REQUIRED.
I DID SPLIT THIS BETWEEN TWO SLIDES.
IT WAS JUST REALLY TOO HARD TO GET ON ONE AND BE ABLE TO BE VERY VISIBLE.
AND THEN FINALLY THIS WOULD BE OUR PROPOSED BUDGET.
AGAIN, WE WOULD ADOPT THE BUDGET AT THE FUNCTION LEVEL.
AND THEN YOUR CHILD NUTRITION, YOUR FOOD SERVICE BUDGET, AS WELL AS YOUR DEBT SERVICE.
THOSE ARE THE THREE THAT WE'RE REQUIRED TO ADOPT AS A BOARD.
I THINK THE OTHER THING TO POINT OUT HERE IS THAT THE ONLY THING THAT YOU SEE THERE IS AN OVER EXPENDITURE PREDICTED IN THE CHILD NUTRITION BUDGET AND WHY WOULD WE SPEND MORE? WE ACTUALLY HAVE COLLECTED MORE.
WE HAVE EXCESS FUND BALANCE AND WE WOULD WANT TO TAKE THOSE FUNDS AND REINVEST THOSE INTO OUR PROGRAM IN THE FORM OF CAFETERIA TABLES, EQUIPMENT THAT NEEDS TO BE REPAIRED AND THOSE TYPES OF THINGS. SO WE WOULD WANT TO SPEND A LITTLE MORE THAN WE'RE PLANNING TO BRING IN THIS YEAR.
[00:15:03]
THERE IS. OKAY.DURING OUR BUDGET MEETING, I KNOW THAT I MAY HAVE MENTIONED AS FAR AS SENDING YOU A LIST OF QUESTIONS FOR YOU TO REPLY TO, AND I DID NOT SEND THAT.
SO I AM ASKING IT, BUT I DID BRING UP THE QUESTION DURING THE MEETING AND THAT QUESTION WAS IF WE WERE ABLE TO RECEIVE A UM THE BUDGET FROM, BECAUSE WE'D HAD A COMPARISON IN A GENERAL FUND AND WE HAVE HERE 22 AND 23 AND I WAS ASKING WHAT WAS THAT COMPARED TO WHEN YOU AS FAR AS THE INCREASE AND UM, THAT WASN'T AVAILABLE.
SO I WAS ASKING REGARDING 20 AND 21 TO, TO SEE THE GROWTH FROM 20 AND 21.
AND THEN WITH THE PROJECTIONS OF 22 AND THEN 23 AND THEN THE CHANGE ALSO.
THE BUDGET IMPACT FOR 23, IF THIS CAN BE ITEMIZED, BROKEN DOWN, IF POSSIBLE, ON WHAT IT WAS AND WHAT IT AND WHAT EXACTLY WAS THE IMPACT AND WHAT IT IS NOW AS IT RELATES SPECIFICALLY TO WHAT THE BUDGET HAS IMPACTED.
AND SO THAT CAN BE BROKEN DOWN IN REVIEWED.
AND IF IT NEEDS TO BE BROUGHT BACK, THEN DISCUSS THAT LATER.
OF COURSE, IF ANYONE FROM THE AUDIENCE HAS QUESTIONS OR COMMENTS, YOU WANT TO.
OKAY. THERE ARE NO QUESTIONS FROM THE AUDIENCE.
WE WILL CLOSE THE PUBLIC HEARING.
IN THE NEXT MEETING, WE'LL START AT 6:30 P.M..
* This transcript was compiled from uncorrected Closed Captioning.