Public Hearing July 20, 2020 1 Board of Trustees S. Ray Hill, - PowerPoint PPT Presentation

Public Hearing July 20, 2020 1

Board of Trustees • S. Ray Hill, III, President • Elizabeth Smith, Secretary • Carter Myers • Romana Reed • Dennis Tosh, III 2

District Administration • Brian Harvey, Superintendent • Douglas Cromwell, Director of Personnel, Operations and Planning • Allison Wally, Business Manager 3

Oxford School District OUR VISION A bold, innova,ve, and con,nually improving district; understanding today to prepare students for tomorrow. OUR MISSION Empowering all students to become confident and crea,ve builders of the future. OUR BELIEFS We believe in excellence, equity, service, support, and rela,onships. 4

Oxford School District Bramlett Elementary School (PreK - K) Central Elementary School (1-2) Della Davidson Elementary School (3-4) Oxford Intermediate School (5-6) Oxford Middle School (7-8) Oxford High School (9-12) 5

Oxford School District Enrollment 1400 1200 1000 800 600 400 200 0 BES CES DDES OIS OMS OHS As of July 14, 2020 6

REVENUE 7

PRELIMINARY DRAFT OXFORD SCHOOL DISTRICT BUDGET 2020-2021 REVENUE SOURCES Projected Budget Revenue Source 2019-2020 % Of Revenue State Sources 19,964,577.56 32.95% Local Sources 36,489,342.18 60.22% Federal Sources 4,139,184.29 6.83% Total 60,593,104.03 100.00% 8

REVENUE ALL SOURCES Federal Sources 4,139,184.29 7% State Sources 19,964,577.56 33% Local Sources 36,489,342.18 60% 9

OXFORD SCHOOL DISTRICT 2020-2021 BUDGET FEDERAL REVENUE Projected Budget Revenue 2020-2021 CHILD NUTRITION USDA REIMBURSEMENT $ 1,377,239.00 SUMMER MEALS PROGRAM $ 150,000.00 SPECIAL FED GRANTS (TVA, FOREST, FLOOD) $ 90,000.00 E-RATE $ - JROTC $ 35,000.00 FED VOCATIONAL $ 4,996.72 TITLE I $ 944,010.76 TITLE II $ 167,531.49 TITLE III $ 90,307.99 TITLE IV $ 52,184.87 TITLE VI RURAL & LOW INCOME $ - CONS COST POOL $ 7,771.53 IDEA PART B (Special Education) $ 1,142,314.26 PRESCHOOL $ 27,176.14 HOMELESS CHILDREN & YOUTH $ 25,871.68 TRANSITION GRANT $ 24,779.85 Total $ 4,139,184.29 10

OXFORD SCHOOL DISTRICT BUDGET 2020-2021 State and Local Revenue 8 CTE Programs Projected Budget Revenue 2020-2021 % Of Revenue AD VALOREM $ 28,781,612.22 50.98% L AD VALOREM-DEBT SERVICE $ 6,526,641.26 11.56% L CHILD NUTRITION LOCAL SALES $ 390,488.70 0.69% L ACTIVITY FUNDS $ 339,500.00 0.60% L INTEREST OPERATING $ 200,000.00 0.35% L INTEREST NON-OPERATING $ 21,100.00 0.04% OTHER LOCAL SOURCES $ 150,000.00 0.27% L AFTER SCHOOL CARE $ 50,000.00 0.09% L GOOD FOOD FOR OXFORD SCHOOLS $ 30,000.00 0.05% L MAEP $ 17,514,451.75 31.02% S EARLY LEARNING COLLABORATIVE $ 683,700.00 1.21% CHICKASAW FUNDS $ 543,773.31 0.96% S MASTER TEACHER REVENUE $ 360,000.00 0.64% S HOMESTEAD EXEMPTION $ 277,150.00 0.49% S OTHER STATE SOURCES (R & M) $ 40,000.00 0.07% S EEF BUILDINGS AND BUSES $ 130,665.00 0.23% S STATE VOCATIONAL $ 351,337.50 0.62% S NURSE INTERVENTION $ 50,000.00 0.09% S CHILD NUTRITION STATE $ 13,500.00 0.02% S SCHOOL RECOGNITION FUNDS $ - 0.00% S Total $ 56,453,919.74 100.00% 11

STATE REVENUE EARLY LEARNING COLLABORATIVE $683,700.00 EEF BUILDINGS AND BUSES CHICKASAW FUNDS NURSE INTERVENTION $130,665.00 $543,773.31 $50,000.00 MASTER TEACHER REVENUE $360,000.00 OTHER STATE SOURCES (R & M) STATE VOCATIONAL $40,000.00 $351,337.50 Other CHILD NUTRITION STATE MAEP $511,315.00 $13,500.00 $17,514,451.75 HOMESTEAD EXEMPTION $277,150.00 12

LOCAL REVENUE INTEREST OPERATING $200,000.00 OTHER LOCAL SOURCES $150,000.00 AFTER SCHOOL CARE $50,000.00 AD VALOREM-DEBT SERVICE $6,526,641.26 GFOS $30,000.00 Other ACTIVITY FUNDS $1,181,088.70 $339,500.00 AD VALOREM $28,781,612.22 INTEREST NON-OPERATING $21,100.00 CHILD NUTRITION LOCAL SALES $390,488.70 13

OXFORD SCHOOL DISTRICT 2020-21 BUDGET OPERATING REVENUE Projected Budget Revenue 2020-2021 % AD VALOREM $ 28,781,612.22 59.49% MAEP $ 17,514,451.75 36.20% CHICKASAW FUNDS $ 543,773.31 1.12% MASTER TEACHER REVENUE $ 360,000.00 0.74% HOMESTEAD EXEMPTION $ 277,150.00 0.57% OTHER LOCAL SOURCES $ 150,000.00 0.31% OTHER STATE SOURCES $ 40,000.00 0.08% OTHER FED (TVA, FLOOD, ETC) $ 90,000.00 0.19% JROTC $ 35,000.00 0.07% ACTIVITY FUNDS + AFTER SCHOOL $ 389,500.00 0.81% INTEREST ON INVESTMENT $ 200,000.00 0.41% $ 48,381,487.28 100.00% 14

OPERATING REVENUE SOURCES HOMESTEAD EXEMPTION INTEREST ON INVESTMENT $277,150.00 $200,000.00 OTHER LOCAL SOURCES MASTER TEACHER $150,000.00 MAEP $360,000.00 OTHER FED $17,514,451.75 $90,000.00 OTHER STATE SOURCES Other $40,000.00 $2,085,423.31 AD VALOREM JROTC $35,000 $28,781,612.22 ACTIVITY FUNDS + AFTER SCHOOL CHICKASAW FUNDS $389,500.00 $543,773.31 AD VALOREM & MAEP = $46,296,063.97 (95.69%) 15

Ad Valorem 16

School District: Oxford District No: 3620 2020-2021 AD VALOREM TAX REQUEST WORKSHEET BASE CALCULATION : Note: The district is allowed to choose any of the three previously completed fiscal years in determining the base. A fiscal year is defined as beginning October 1 and ending September 30, per Section 37-57-107, Mississippi Code Annotated (1972). Ad Valorem Taxes Collected: $ 24,693,883.54 October 1, 2019 through June 30, 2020 Anticipated Ad valorem taxes to be Collected: 3,624,144.22 July 1, 2020 through September 30, 2020 254,648.46 Homestead Reimbursement (2019-2020) ADD Ad Valorem Tax Reduction Funds (2019-2020) ADD Ad Valorem Tax Escrow (2018-2019) ADD Ad Valorem Tax Shortfall Notes (2019-2020) LESS Ad Valorem Tax Escrow (2019-2020) TOTAL BASE $ 28,572,676.22 PLUS ______ % increase PLUS New Programs [Amount allowed under 37-57-104. This is the amount of the increase in local contribution over the prior year that MAY be requested outside of 128,086.00 the 4-7% limitation. PLUS Estimated Ad Valorem Tax on New Property 358,000.00 TOTAL AD VALOREM TAX NEEDS 29,058,762.22 LESS Ad Valorem Tax Escrow (2019-2020.) NET AD VALOREM TAX REQUEST FOR OPERATIONS (§37-57-104 thru 107) $ 29,058,762.22 AD VALOREM TAX REQUESTED FOR DEBT SERVICE (List & cite code authority) General Obligation Bonds Series 2013 (Refunding) 31-27-1 $ 665,831.26 Three Mill / 10-20 Year Notes 2011 37-59-101 $ 237,000.00 Three Mill / 10-20 Year Notes 2012 (Refunding) 31-27-1 $ 340,585.00 Three Mill / 10-20 Year Notes 2013 37-59-101 $ 333,000.00 General Obligation Bonds Series 2011/2017 refi 37-59-1 $ 2,242,375.00 General Obligation Bonds Series 2018 $ 2,707,850.00 OTHER AD VALOREM TAX REQUESTS (List and cite code authority) $ 17

Oxfor ord School ool District Ad Valor orem em Tax Millage e Histor ory 2020- 2020-2021 2021 Estimated Inc (Dec) Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Over 2019 Operations 42.04 42.04 42.59 45.36 47.1 47.16 47.85 49.54 49.56 49.56 51.07 -1.51 Vocational 0.69 0.69 0.7 0.65 0.62 0.6 0.55 0.48 0.46 0.46 0 0.46 Debt Service 5.49 5.49 11.19 11.43 10.95 10.91 10.27 8.65 12.52 12.52 11.47 1.05 Total Mills 48.22 48.22 54.48 57.44 58.67 58.67 58.67 58.67 62.54 62.54 62.54 0 70 62.54 62.54 62.54 58.67 58.67 58.67 58.67 57.44 60 54.48 48.22 48.22 50 40 30 20 10 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 18

EXPENSES 19

Oxfor ord School ool District District-Wide e Expen ense e Prof ofile for or ALL GOVERNMENTAL FUNDS Salaries & Fringe % Other Expenses % Total Expenses % Benefits Direct Instruction 25,621,195.47 36.70% 4,481,881.89 6.42% 30,103,077.36 43.12% Instructional Support Services 3,699,365.83 5.30% 1,534,493.85 2.20% 5,233,859.68 7.50% School Administration 2,335,732.16 3.35% 64,065.00 0.09% 2,399,797.16 3.44% Central Administration 1,358,408.51 1.95% 889,205.43 1.27% 2,247,613.94 3.22% Maintenance (inc. Grounds, Safety) 659,158.45 0.94% 4,682,732.53 6.71% 5,341,890.98 7.65% Transportation 1,254,673.44 1.80% 1,085,547.00 1.56% 2,340,220.44 3.35% Technology & Communication 850,258.72 1.22% 1,888,287.28 2.71% 2,738,546.00 3.92% Child Nutrition 750,558.54 1.08% 991,023.54 1.42% 1,741,582.08 2.49% Construction Services - 0.00% 8,351,299.76 11.96% 8,351,299.76 11.96% Debt Service - 0.00% 9,309,332.95 13.34% 9,309,332.95 13.34% TOTALS 36,529,351.12 52.33% 33,277,869.23 47.67% 69,807,220.35 100.00% 20

OSD Expense Profile - ALL FUNDS Debt Service 13% Construction Services 12% Direct Instruction 43% Child Nutrition 3% Technology & Communication 4% Transportation 3% Instructional Support Services Maintenance (inc. Grounds, 8% Safety) 8% School Administration Central Administration 3% 3% 21