Details for Coos Bay School District - Ad from 2019-06-17

101-PUBLIC NOTICES 20347883 FORM ED-1 NOTICE OF BUDGET HEARING 5:30 June 24, 2019 Coos Bay School District Board A public meeting of the ___________________________________________ will be held on ______________________at ________ (Date) (Governing body) a.m. at p.m. 1255 Hemlock Ave., Coos Bay _____________________________________________________________________, Oregon. The purpose of this meeting is to discuss the (Location) 19 as approved by the_____________________________________ Coos Bay School District budget for the fiscal year beginning July 1, 20______ Budget Committee. (District name) 1255 Hemlock Ave A summary of the budget is presented below. A copy of the budget may be inspected or obtained at _____________________________ (Street address) www.cbd9.net Coos Bay 8:00 a.m., and _______ 4:30 p.m., or online at __________________________________. __________________________between the hours of _______ This budget is for an annual; biennial budget period. This budget was prepared on a basis of accounting that is: the same as; different than the preceding year. If different, the major changes and their effect on the budget are: Contact Telephone number Candace McGowne, Finance Director E-mail ( 541 ) 267-1317 candacem@coos-bay.k12.or.us FINANCIAL SUMMARY—RESOURCES Actual Budget 17 18 20____–20____ TOTAL OF ALL FUNDS Adopted Budget Approved Budget 20 19 19 Next Year: 20____–20____ 18 This Year: 20____–20____ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Beginning Fund Balance ......................................................................... 7,055,513.81 54,599,495.14 8,148,082.97 10,933,300.00 Current Year Property Taxes, other than Local Option Taxes....................... Current Year Local Option Property Taxes .............................................. 3,410,450.00 3,274,191.95 Other Revenue from Local Sources ........................................................ 67,787.66 62,500.00 Revenue from Intermediate Sources ....................................................... 32,417,824.45 25,600,493.39 Revenue from State Sources................................................................... 3,672,927.24 4,024,471.00 Revenue from Federal Sources ............................................................... 1,139,100.00 951,763.53 Interfund Transfers................................................................................... 46,322,641.15 All Other Budget Resources .................................................................... 106,587,140.59 Total Resources ..................................................................................... 95,093,401.70 FINANCIAL SUMMARY—REQUIREMENTS BY OBJECT CLASSIFICATION 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. Salaries .................................................................................................... 15,392,050.10 17,789,317.18 17,337,725.59 Other Associated Payroll Costs............................................................... 10,595,669.50 11,177,381.99 12,380,609.00 Purchased Services................................................................................. 9,749,095.77 21,835,374.32 25,109,596.16 Supplies & Materials ................................................................................ 2,042,440.15 3,024,895.32 4,101,056.73 Capital Outlay .......................................................................................... 170,393.27 19,047,512.57 25,196,000.00 Other Objects (except debt service & interfund transfers)........................ 696,060.21 862,472.70 513,594.21 Debt Service*........................................................................................... 1,278,964.30 4,229,250.00 4,447,718.00 Interfund Transfers* ................................................................................. 1,139,100.00 951,763.53 897,000.00 Operating Contingency............................................................................ 26,689,840.59 13,396,505.36 1,410,000.00 4,150,800.00 Unappropriated Ending Fund Balance & Reserves ................................. 107,982,196.64 106,587,140.59 41,042,849.32 Total Requirements................................................................................ FINANCIAL SUMMARY—REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY FUNCTION Function FTE for Function 1000 Instruction FTE 2000 Support Services FTE 3000 Enterprise & Community Service FTE 4000 Facility Acquisition & Construction 54,941,300.45 11,715,100.00 4,868,887.50 60,500.00 31,320,543.32 4,097,765.37 978,100.00 107,982,196.64 21,202,891.80 194 15,819,051.86 103 24,171,499.64 260.6 26,580,446.85 121.25 24,909,100.33 266.97 19,672,041.33 147.49 1,490,191.34 2.25 300,006.49 1,731,112.51 1.62 20,566,552.00 2,239,031.62 2.03 38,270,000.00 1,278,964.30 951,763.53 4,298,589.00 1,139,100.00 26,689,840.59 1,410,000.00 106,587,140.59 383.47 4,447,718.00 897,000.00 13,396,505.36 4,150,800.00 107,982,196.64 416.5 FTE 5000 Other Uses 5100 Debt Service* 5200 Interfund Transfers* 6000 Contingency 7000 Unappropriated Ending Fund Balance Total Requirements 41,042,849.32 299.25 Total FTE * Not included in total 5000 Other Uses. To be appropriated separately from other 5000 expenditures. STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING FROM LAST YEAR** PROPERTY TAX LEVIES Rate or Amount Imposed Permanent Rate Levy ...........(Rate Limit____________Per $1000) 4.5276 Rate or Amount Imposed Rate or Amount Approved 4.5276 4.5276 Local Option Levy ......................................................................... Levy for General Obligation Bonds ............................................... Long Term Debt 3480510.00 STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding on July 1 General Obligation Bonds .............................................................. Other Bonds ................................................................................... Other Borrowings ........................................................................... Total ............................................................................................. 39,165,000.00 7,210,000.00 270,000.00 46,645,000.00 Estimated Debt Authorized, but not Incurred on July 1 19,995,000.00 19,995,000.00 Published: June 17th, 2019 The World & ONPA (ID20347883)

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