logging in or signing up Levy Override 1011-7 jmessersmith Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 12 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: January 17, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Winside Public School : Winside Public School Taxes and Expenditures: : Taxes and Expenditures: Funding for schools comes from three main governmental sources, local, state and federal. The General Fund is derived largely from income and sales taxes, State School Lands, and insurance and premium taxes. Local funds are obtained mainly from property taxes levied by boards of county commissioners/supervisors. In addition, fines and motor vehicle license fees provide support to public schools. Taxes and Expenditures: : Taxes and Expenditures: State funds for support of public schools, which comprise approximately 26 percent of the cost of education, are appropriated by the Nebraska Legislature from the State General Fund. Federal funds are appropriated by Congress and allocated to the state for specific educational purposes such as strengthening programs in vocational education and child nutrition. Such funds are obtained by the levy of taxes, largely on income by the federal government. Taxes and Expenditures: : Taxes and Expenditures: The figures in the following slides will show where the money comes from to support the general operation budget as well as where the school is spending the money. The figures do not include cash reserve, building funds and district balances and the one percent collection fee of Wayne County. Where the Money comes from: : Where the Money comes from: Where the Money comes from: : Where the Money comes from: Where the Money Goes: : Where the Money Goes: Slide 8: Where the Money Goes: Where the Money Goes: : Where the Money Goes: The Winside Public School is a district composed of approximately 109 square miles of land that is situated primarily in Wayne County. The rest of the land is located in Stanton County. The district’s total valuation is $196,971,095. : The Winside Public School is a district composed of approximately 109 square miles of land that is situated primarily in Wayne County. The rest of the land is located in Stanton County. The district’s total valuation is $196,971,095. Slide 11: The School’s total enrollment K-12 is 230 students, 108 in grades K-6 and 122 in grades 7-12. The school has a Teaching staff of twenty-six (26) fulltime teachers, and two(2) fulltime administrators. The support staff is composed of two (2) fulltime secretaries, three (3) fulltime custodians, one (1) fulltime teachers aid; (5) para professionals; five (5) cooks, two (2) fulltime and three (3) part time; three (3) bus drivers and one (1) fulltime school nurse. Slide 17: The Winside Public School will be preparing for a tax levy override on February 8th, 2011. This will be the fourth time Winside has had an override election. The first one was held in the 2001-2002 school year which passed by a vote of 347 – 104 (3.34 – 1). The second one was held in the 2004-2005 school year and passed by a vote of 366 – 182 (2 – 1). The third one was held in the 2007-2008 school year and passed by a vote of 166 – 44 (3.77 – 1). Slide 18: The elections were for a $.30 override of the mandated $1.05 levy and would allow the board to levy up to $1.35. The Winside levies, however, have not gone above $1.19. This special election is partially due to the anticipated loss of $200,000 to $250,000 in state aid for the upcoming school year. Other factors include replacement of a bus, concrete replacement and attempts to increase the school’s depleted cash reserve. Slide 19: We would like to explain more clearly that the $.30 override previously passed expires August 31, 2011. The override election being held in February would extend the $.30 for another three years and the limit would remain $1.35 for another three years. What happens to the remaining $.10 if only $.20 is needed for the levy? Nothing, if the school only uses a portion of the approved override amount in a particular school year the remainder is forgotten. It cannot be collected in the future. Slide 20: All programs will be looked at if the override does not pass. The Board wants to keep the quality of the schools programs maintained or improved, which we will be able to do if the override passes. How does this affect my taxes? The Following is a list of approximate tax amounts based on present valuation. Slide 24: Present levy 1.1146 Valuation remains the same as 10-11 Slide 25: Present levy 1.1146 Valuation remains the same as 10-11 * No change from 10-11 + 3% increase in budget Slide 26: Present levy 1.1146 Valuation remains the same as 10-11 * No change from 10-11 + 3% increase in budget NEEDS C less 50,000.00 in cash reserve Questions?Call: Jeff Messersmith402-286-4466ore-mail: jmessers@esu1.org : Questions?Call: Jeff Messersmith402-286-4466ore-mail: jmessers@esu1.org You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Levy Override 1011-7 jmessersmith Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 12 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: January 17, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Winside Public School : Winside Public School Taxes and Expenditures: : Taxes and Expenditures: Funding for schools comes from three main governmental sources, local, state and federal. The General Fund is derived largely from income and sales taxes, State School Lands, and insurance and premium taxes. Local funds are obtained mainly from property taxes levied by boards of county commissioners/supervisors. In addition, fines and motor vehicle license fees provide support to public schools. Taxes and Expenditures: : Taxes and Expenditures: State funds for support of public schools, which comprise approximately 26 percent of the cost of education, are appropriated by the Nebraska Legislature from the State General Fund. Federal funds are appropriated by Congress and allocated to the state for specific educational purposes such as strengthening programs in vocational education and child nutrition. Such funds are obtained by the levy of taxes, largely on income by the federal government. Taxes and Expenditures: : Taxes and Expenditures: The figures in the following slides will show where the money comes from to support the general operation budget as well as where the school is spending the money. The figures do not include cash reserve, building funds and district balances and the one percent collection fee of Wayne County. Where the Money comes from: : Where the Money comes from: Where the Money comes from: : Where the Money comes from: Where the Money Goes: : Where the Money Goes: Slide 8: Where the Money Goes: Where the Money Goes: : Where the Money Goes: The Winside Public School is a district composed of approximately 109 square miles of land that is situated primarily in Wayne County. The rest of the land is located in Stanton County. The district’s total valuation is $196,971,095. : The Winside Public School is a district composed of approximately 109 square miles of land that is situated primarily in Wayne County. The rest of the land is located in Stanton County. The district’s total valuation is $196,971,095. Slide 11: The School’s total enrollment K-12 is 230 students, 108 in grades K-6 and 122 in grades 7-12. The school has a Teaching staff of twenty-six (26) fulltime teachers, and two(2) fulltime administrators. The support staff is composed of two (2) fulltime secretaries, three (3) fulltime custodians, one (1) fulltime teachers aid; (5) para professionals; five (5) cooks, two (2) fulltime and three (3) part time; three (3) bus drivers and one (1) fulltime school nurse. Slide 17: The Winside Public School will be preparing for a tax levy override on February 8th, 2011. This will be the fourth time Winside has had an override election. The first one was held in the 2001-2002 school year which passed by a vote of 347 – 104 (3.34 – 1). The second one was held in the 2004-2005 school year and passed by a vote of 366 – 182 (2 – 1). The third one was held in the 2007-2008 school year and passed by a vote of 166 – 44 (3.77 – 1). Slide 18: The elections were for a $.30 override of the mandated $1.05 levy and would allow the board to levy up to $1.35. The Winside levies, however, have not gone above $1.19. This special election is partially due to the anticipated loss of $200,000 to $250,000 in state aid for the upcoming school year. Other factors include replacement of a bus, concrete replacement and attempts to increase the school’s depleted cash reserve. Slide 19: We would like to explain more clearly that the $.30 override previously passed expires August 31, 2011. The override election being held in February would extend the $.30 for another three years and the limit would remain $1.35 for another three years. What happens to the remaining $.10 if only $.20 is needed for the levy? Nothing, if the school only uses a portion of the approved override amount in a particular school year the remainder is forgotten. It cannot be collected in the future. Slide 20: All programs will be looked at if the override does not pass. The Board wants to keep the quality of the schools programs maintained or improved, which we will be able to do if the override passes. How does this affect my taxes? The Following is a list of approximate tax amounts based on present valuation. Slide 24: Present levy 1.1146 Valuation remains the same as 10-11 Slide 25: Present levy 1.1146 Valuation remains the same as 10-11 * No change from 10-11 + 3% increase in budget Slide 26: Present levy 1.1146 Valuation remains the same as 10-11 * No change from 10-11 + 3% increase in budget NEEDS C less 50,000.00 in cash reserve Questions?Call: Jeff Messersmith402-286-4466ore-mail: jmessers@esu1.org : Questions?Call: Jeff Messersmith402-286-4466ore-mail: jmessers@esu1.org