— sau #41 —

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— SAU #41 —

Presented by:Forrest MilkowskiChairman Coop Budget CommitteeFebruary 8, 2007

Coop District Meeting

Budget Committee

March 7, 2007

2007 – 2008

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Budget Committee Strategy

• Cost of Living plus Student Population increase – 4.8%– Cost of Living Increase –3.4%– Student Population Increase – 1.4%

• Exceptions to this rule:– Debt Service– SPED– Food Service & Transfer Funds

• Budget Committee Recommended Increase: $585,187• Increase after adding SPED, Debt Service, Food Service

and Transfer Funds: $1,002,483 (5.89%)• Budget Committee’s Proposed Budget: $18,031,139

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Student Population

School Year* Student

PopulationPercent Increase

99 - 00 1,006

00 - 01 1,118 11.1%

01 - 02 1,191 6.5%

02 - 03 1,223 2.7%

03 - 04 1,293 5.7%

04 - 05 1,272 -1.6%

05 - 06 1,336 5.0%

06 - 07 1,372 2.7%

07 - 08 1,391 1.4%

Overall % Increase 38.3%

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Budget History

School YearApportioned

BudgetPercent Increase

99 - 00 8.4

00 - 01 9.24 10.0%

01 - 02 9.86 6.7%

02 - 03 10.78 9.3%

03 - 04 12.01 11.4%

04 - 05 12.83 6.8%

05 - 06 14.38 12.1%

06 - 07 15.69 9.1%

07 - 08 16.24 13.0%


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Budget Vs. Population

Historical Budget & Enrollment

0

2

4

6

8

10

12

14

16

18

00 - 01 01 - 02 02 - 03 03 - 04 04 - 05 05 - 06 06 - 07 07 - 08

School Year

In M

illio

ns

$

Budget Student Population

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Cost per Student

School Year* Student

PopulationPercent Increase

99 - 00 1,006 $8.3

00 - 01 1,118 $8.3

01 - 02 1,191 $8.3

02 - 03 1,223 $8.8

03 - 04 1,293 $9.3

04 - 05 1,272 $10.1

05 - 06 1,336 $10.8

06 - 07 1,372 $11.4

07 - 08 1,391 $11.7


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Budget Vs. Population

Cost per Student

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

99 - 00 00 - 01 01 - 02 02 - 03 03 - 04 04 - 05 05 - 06 06 - 07 07 - 08

School Year

In T

ho

us

an

ds

$3,300 Increase 38.3%

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FY2007 - FY2008 Warrants

PURPOSE OF APPROPRIATIONS

School Board Recommend

Budget Committee Approved

Technology 99,200 *99,200

HBHS Portables-Install/Operation 143,180

SPED Capital Reserve Fund 50,000

Maintenance Expendable Trust Fund 50,000

Professional Salary & Benefits Increase* 233,488 233,488

Support Staff Salary & Benefits Increase* 74,990 74,990

SUBTOTAL – Proposed Warrants 650,858 407,678

* Note: Warrant Article 2 to be reduced by this amount New Warrant 2 amount $17,623,461

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Budget Summary

Current Year Adopted Budget

School Board's

Recommended Budget

Budget Committee's

Recommended Budget

Appropriations – All Accounts 17,028,656 17,722,661 * 17,623,461

Special Warrant Articles Proposed 342,380 99,200

"Individual" Warrant Articles Proposed* 308,478 308,478

TOTAL Appropriations Proposed 17,028,656 18,373,519 18,031,139

Less: Amount of Estimated Revenues & Credits 1,343,371 1,479,687 1,479,687

Less: Amount of Statewide Enhanced Education Tax/Grant 2,146,115 2,632,700 2,632,700

Estimated Amount of Local Taxes to be Raised For Education 13,539,170 14,261,132 13,918,752

* Note: Amended by Budget Committee at District Meeting

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Budget Summary

Current Year Adopted Budget

School Board's

Recommended Budget

Budget Committee's

Recommended Budget

TOTAL Appropriations 17,028,656 18,373,519 18,031,139

Current Vs. Proposed Increase in Dollars 1,344,863 1,002,483

Current Vs. Proposed Increase in Percent 7.90% 5.89%

Estimated Amount for Tax Impact 13,539,170 14,261,132 13,918,752

Current Vs. Proposed Increase in Dollars 721,962 379,582

Current Vs. Proposed Increase in Percent 5.33% 2.80%

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Estimated Tax Impact - Hollis

Hollis Estimated Tax Impact

2006 - 2007 2007 - 2008

Coop District Assessment $15,685,285 $16,551,452

Apportionment Formula - 75% ADM 25% Equalized Valuation

75/25 75/25

Hollis' Apportionment % 63.39% 62.91%

Hollis' Coop Assessment (Less Trust Fund $5,600) $9,940,915 $10,409,746

Hollis' Assessment Change in $'s $468,831

Hollis' Assessment Change in % 4.7%

Retained State Tax & Adequacy Grant $2,177,577 $2,136,246

Hollis' Coop Net Assessment $7,763,338 $8,273,500

Hollis' Assessment Change in $'s $510,162

Hollis' Assessment Change in % 6.6%

Hollis Assessed Valuation $1,008,245,386 $1,038,492,748

Hollis Tax Rate $7.70 $7.97

Hollis Tax Rate Change in $'s $0.27

Hollis Tax Rate Change in % 3.5%

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Estimated Tax Impact - Brookline

Brookline Estimated Tax Impact

2006 - 2007 2007 - 2008


Apportionment Formula - 75% ADM 25% Equalized Valuation

75/25 75/25

Brookline's Apportionment % 36.61% 37.09%

Brookline' Coop Assessment $5,744,386 $6,141,706

Brookline' Assessment Change in $'s $397,320

Brookline' Assessment Change in % 6.9%

Retained State Tax & Adequacy Grant $1,882,280 $2,483,950

Brookline' Coop Net Assessment $3,862,106 $3,657,756

Brookline' Assessment Change in $'s -$204,350

Brookline' Assessment Change in % -5.3%

Brookline Assessed Valuation $435,787,987 $453,219,506

Brookline Tax Rate $8.86 $8.07

Brookline Tax Rate Change in $'s -$0.79

Brookline Tax Rate Change in % -8.9%

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Hollis Tax Impact Estimator

NOTE: The Adequacy Grant and Revenues & Credits are estimated.

2006 - 2007 Budget Forecast --> Computed using 75%/25% Apportionment Formula

2006 - 2007 Budget $18,031,139

Revenues & Credits $1,479,687

District Assessment $16,551,452

Hollis Trust Fund $5,600

Total Apportioned $16,557,052

Hollis TaxesApportionme

nt Home

1Home

2Home

3

Home Value$250,00

0$500,00

0$600,00

0

Hollis %

Apportionment 62.9% Hollis Coop Tax Rate $7.97 $7.97 $7.97

Hollis Assessment $10,409,746Coop Tax

Burden/Home $1,992 $3,983 $4,780

Retained Tax & Adequacy

Grant $2,136,246Increase over last

year $66.75 $133,49 $160.19

Hollis Coop Net

Assessment $8,273,500

Hollis Coop Tax Rate $7.97

This Year's Tax Rate $7.70

Tax Rate % Increase 3.5%

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2006 - 2007 Budget Forecast --> Computed using 75%/25% Apportionment Formula

2006 - 2007 Budget $18,031,139

Revenues & Credits $1,479,687

District Assessment $16,551,452

Hollis Trust Fund $5,600

Total Apportioned $16,557,052

Brookline Tax Impact Estimator

Brookline TaxesApportionme

nt Home

1Home

2Home

3

Home Value$250,00

0$500,00

0$600,00

0

Brookline %

Apportionment 37.1%Brookline Coop Tax

Rate $8.07 $8.07 $8.07

Brookline Assessment $6,141,706Coop Tax

Burden/Home $2,018 $4,035 $4,842

Retained Tax & Adequacy

Grant $2,484,275Increase over last

year-

$197.94-

$395.87-

$475.05

Brookline Coop Net

Assessment $3,657,431

Brookline Coop Tax

Rate $8.07

This Year's Tax Rate $8.86

Tax Rate % Increase -8.9%

NOTE: The Adequacy Grant and Revenues & Credits are estimated.

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END OF BUDGET COMMITTEE PRESENTATION

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Estimated Tax Impact @ 87.5 ADM 12.5 ADM%

100% ADM HOLLIS BROOKLINE

2007 - 2008 2007 - 2008


Apportionment Formula - ADM 87.5% 87.5%

Apportionment % 61.56% 38.44%

Assessment $10,187,317 $6,364,135

Assessment Change in $'s $246,401 $619,750

Assessment Change in % 2.48% 10.8%

Retained State Tax & Adequacy Grant

$2,136,246 $2,483,950

Coop Net Assessment $8,051,071 $3,880,185


Assessment Change in % 3.71% 0%

Assessed Valuation$1,038,492,74

8$453,219,506

Tax Rate $7.75 $8.56

Tax Rate Change in $'s $0.05 -$0.30

Tax Rate Change in % 0.7% -3.7%

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Estimated Tax Impact @ 100%

100% ADM HOLLIS BROOKLINE

2007 - 2008 2007 - 2008


Apportionment Formula - ADM 100% 100%

Apportionment % 60.22% 39.78%

Assessment $9,964,888 $6,586,565



Retained State Tax & Adequacy Grant

$2,136,246 $2,483,950

Coop Net Assessment $7,828,642 $4,102,615



Assessed Valuation$1,038,492,74

8$453,219,506

Tax Rate $7.54 $9.05

Tax Rate Change in $'s -$0.16 $0.19

Tax Rate Change in % -2.1% 2.1%

— sau #41 —

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