Details for Bandon School District #54 - Ad from 2019-06-06

101-PUBLIC NOTICES 20347177 FORM ED-1 NOTICE OF BUDGET HEARING A public meeting of the Coos County School District #54 will be held on June 24, 2019 at 6:30 pm at Bandon High School Library, Bandon, Oregon. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2019 as approved by the Coos COunty School District #54 Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at 455 Ninth Street SW, Bandon, OR between the hours of 9 a.m. and 4 p.m. This budget is for X an annual __ a biennial budget period. This budget was prepared on a basis of accounting that is X the same as __ different than the preceding year. If different, the major changes and their effect on the budget are: Contact: Doug Ardiana Telephone: 541-347-4411 TOTAL OF ALL FUNDS Beginning Fund Balance Current Year Property Taxes, other than Local Option Taxes Current Year Local Option Property Taxes Other Revenue from Local Sources Revenue from Intermediate Sources Revenue from State Sources Revenue from Federal Sources Interfund Transfers All Other Budget Resources Total Resources FINANCIAL SUMMARY - RESOURCES Actual Amount Last Year 2017-2018 $3,246,157 3,820,794 0 627,709 15,239 5,756,036 776,414 19,981 83,000 $14,345,330 Email: dardiana@bandon.k12.or.us Adopted Budget This Year 2018-2019 $3,155,517 3,767,000 0 486,145 12,200 4,871,313 914,199 13,481 108,000 $13,327,854 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION Salaries $4,033,948 Other Associated Payroll Costs 2,621,127 Purchased Services 1,760,963 Supplies & Materials 740,229 Capital Outlay 1,087,366 Other Objects (except debt service & interfund transfers) 148,280 Debt Service* 316,751 Interfund Transfers* 19,981 Operating Contingency 0 Unappropriated Ending Fund Balance & Reserves 3,616,687 Total Requirements $14,345,330 Approved Budget Next Year 2019-2020 $2,910,836 3,842,522 0 563,799 12,200 5,509,118 873,892 14,566 183,000 $13,909,933 $4,215,329 3,145,635 1,653,207 1,216,955 1,371,814 168,792 335,372 13,481 664,428 542,840 $13,327,854 $4,511,559 3,358,383 1,656,155 1,292,316 1,571,606 160,323 370,164 14,566 974,860 0 $13,909,933 FINANCIAL SUMMARY - REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY FUNCTION 1000 Instruction $5,455,862 $6,572,258 FTE 92.09 88 2000 Support Services 4,604,295 4,794,725 FTE 29.25 27.15 3000 Enterprise & Community Service 331,755 404,750 FTE 5.15 5.21 4000 Facility Acquisition & Construction 0 0 FTE 0 0 5000 Other Uses 0 0 5100 Debt Service* 316,751 335,372 5200 Interfund Transfers* 19,981 13,481 6000 Contingency 3,616,687 664,428 7000 Unappropriated Ending Fund Balance 0 542,840 Total Requirements $14,345,330 $13,327,854 Total FTE 126.49 120.36 $6,769,395 91.56 5,323,007 29.95 457,941 5.23 0 0 0 370,164 14,566 974,860 0 $13,909,933 126.74 STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING ** Bandon School District #54 2019-20 Budget was approved based on the state Co-Chairs budget for K-12 education set at 8.9 billion dollars (2019-2021 Biennium) using the 49% estimate for fiscal year 2019-20. The District estimates enrollment to be consistent with the previous fiscal year allowing the district to reestablish the Middle School Principal position. With increased state funding and the use of cash carryover, the district will maintain all other staffing and school offerings. Federal grants are anticipated to account for an additional $806,000 in the 19-20 budget. Permanent Rate Levy (Rate Limit 3.9702 per $1,000) Local Option Levy Levy For General Obligation Bonds LONG TERM DEBT General Obligation Bonds Other Bonds Other Borrowings Total PROPERTY TAX LEVIES Rate or Amount Imposed 3.9702 Rate or Amount Imposed 3.9702 Rate or Amount Approved 3.9702 $113,694 $124,300 $115,056 STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding on July 1 $795,000 $0 $36,658 $831,658 Estimated Debt Authorized, But Not Incurred on July 1 $120,803 $120,803 Published: June 6th, 2019 The Bandon Western World & ONPA (ID20347177)

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