Current versus Former Funding Formulas

Last week we looked at our overall M & O budget for 2011-2012. Today, I want to look at our state funding under current law and compare that with what EISD would have received had the funding formulas not been changed.

Under our current system, we are estimating that EISD will earn about $9,542,378 in M & O funding for the 11-12 school year. This amount includes state and local funding. Under the previous funding system, EISD would have earned about $10,130,133. Now, since our local funding would be constant in both systems (the amount of M & O taxes would not change regardless of the funding system), the difference in the two amounts comes from a decrease in state funding. Under the current system, EISD will earn about $587,755 less in state aid than under the former funding system.

For 12-13, the difference will be even greater. Using the same student counts for 11-12 (in other words, expecting no growth in enrollment), EISD is expected to earn about $9,335,972 in state and local funding. Under the old system of funding, with the same numbers, EISD would have earned about $10,105,210. The difference for 12-13 is projected to be about $769,000. This additional loss of state funding, coupled with the loss of the Education Jobs Grant ($266,000), will pose additional challenges for our district in 12-13.

Since we already have a good idea what is going to happen to our state funding, plans can be made to adapt to this additional loss of funds. Regardless of the situation, EISD is committed to providing our students with a world-class education. If you have any questions, please do not hesitate to contact me at cholcombe@eustaceisd.net.

The HS volleyball teams will be in action against Edgewood tonight. The matches will start at 4:30. Also, the EISD Board of Trustees will be holding a called meeting tonight to discuss the final amended budget for 2010-2011. The meeting will start at 6:00 and be held in the HS library.

Volleyball, Football, and This Week

Congratulations to the varsity volleyball team on capturing 3rd place at the Tyler Tournament this past weekend. There were several talented teams at this tournament. The Lady Bulldogs did a great job throughout the tournament!

Congratulations to the varsity football team on an opening night victory against Kemp! The Bulldogs were victorious over the Yellow Jackets by a score of 17-0. Also, congratulations to the band and cheerleaders for providing great performances throughout the game.

 

This Week:

Monday – Band fund raiser begins; MS volleyball at Buffalo – 4:30

Tuesday – HS volleyball v. Edgewood – 4:30; Called board meeting – HS Library – 6:00 PM

Thursday – JV football (TBA)

Friday – HS volleyball at Mabank – 4:30; Varsity football at Tyler Grace – 7:30

2011-2012 M & O Budget

Recently, the EISD Board approved the 2011-2012 operating budget. While this budget is made up of several different components, the majority of the budget comes in the form of state and local funding. This portion of the budget is called the maintenance and operations ( M & O) budget.

For the 2011-2012 school year, EISD has adopted an M & O budget of $10,335,649. Last year, our M & O budget was about $10,445,000. With all the talk of less school funding, it would appear that the overall decrease was not that significant. However, in order to understand the full impact of the decrease in state funding, you have to look carefully at the 2010-2011 funding from the state. Last year, we received approximately $475,000 in federal stimulus funds. These funds are not available this year. As shown above, the M & O budget for 2011-2012 is about $110,000 less than last year’s budget. When you take the decrease in the M & O budget with the loss of stimulus funds, the district lost approximately $585,000 in funding from last year to this year.

One positive aspect for this year is that EISD received about $266,000 from the Education Jobs Fund. This did help offset some of the funding decreases at the state level. However, the Education Jobs Fund will only be available for the 2011-2012 school year. Below is a graph that details our M & O budgets over the past several years. I know that the numbers are hard to read as it is displayed. To see a larger version of the graph, click the link underneath it.

[pdf file=”http://press.eustaceisd.net/wp-content/uploads/2011/08/Budgeted-Expenditures.pdf” save=”1″ cache=”0″ force=”1″]

Volleyball and Enrollment

Congratulations to the volleyball teams on their sweep against Kemp yesterday! We now have two days of the 2011-2012 school year completed. As of yesterday, our enrollment was as follows:

Primary – 375

Intermediate – 320

Middle – 342

High School – 390

Total Enrollment – 1427

Yesterday’s enrollment was up about 35 students from the first day. Right now, our enrollment is less than what we ended with last June, but we expect more students enrolling over the next few days. I will keep you posted with our enrollment figures in this blog and on Tweeter.

Over the next few days, we will be looking at our budget for the 11-12 school year. We will talk about our overall budget, our federal funding, our state funding, and our local funding derived from our tax rate.

Welcome Back and This Week

Welcome back!! Today is the first day of the 2011-2012 school year. I know that this will be a great year for the Bulldogs! As always, there will be challenges and obstacles to overcome throughout the year. As long as we all work together, we can overcome anything that may come our way. Regardless of the challenges, our goal remains to provide a world-class education to each and every student. If I can ever be of assistance, please do not hesitate to contact me at cholcombe@eustaceisd.net.

 

This Week:

Monday – First day of school; Bulldog Bash – 6:30

Tuesday – HS VB at Kemp – 4:30

Thursday – Varsity volleyball at Tyler Tournament; JV football v. Kemp – 6:00

Friday – Varsity volleyball at Tyler Tournament; Varsity football at Kemp

Saturday – Varsity volleyball at Tyler Tournament; Cross Country at Greenhill Relay

 

I hope everyone has a great week!

Fish Camp and Meet the Teacher

Congratulations to the varsity volleyball team on three wins yesterday in the Eustace Tournament!

The Primary, Intermediate, and Middle School campuses held their annual Meet the Teacher night yesterday. Each campus had a large group of parents and students attend. Thanks to the campuses for their preparations for this event and thanks to the parents for their attendance.

The High School held their annual Fish Camp for incoming freshman yesterday. All freshman and their parents were invited to attend. During the camp, students and parents were introduced to staff members, received information about the High School, had the opportunity to tour the High School, and were entertained by a skit performed by High School teachers. I want to thank the High School for their work in preparing for this event and I want to thank all the parents and students that attended. Below is a picture from the skit. I hope everyone has a great weekend!

 

Board Meeting Notes

On Tuesday, August 16, the EISD Board of Trustees held their regular monthly meeting. Before the regular meeting, the Board participated in a workshop, conducted by school attorney John Hardy, on changes affecting school districts from the recent legislative session. Following the training session, the Board held a public hearing on the 2011-2012 budget and property tax rate. During the public hearing the Board received information related to state funding, the effective tax rate, the rollback tax rate, and the proposed tax rate.

During the regular meeting, which started immediately following the public hearing, the board took action on the following items:

  • Approved the minutes of previous meetings.
  • Approved the financial reports as presented.
  • Approved the purchase of 3 new buses.
  • Approved a district-wide salary freeze for all employees for the 2011-2012 school year.
  • Approved the 2011-2012 budget.
  • Approved a resolution to join the State of Texas Co-op Program for the 2011-2012 school year.
  • Approved the Starting Points for STAAR Program and approved a resolution to suspend portions of Local Policy EIE for the 2011-2012 school year only.
  • Approved the nominees for Van Zandt County Appraisal District as presented.
  • Approved the M & O tax rate and the I & S tax rate for the 2011-2012 school year. The tax rate will remain unchanged from 2010-2011. The M & O tax rate will remain at $1.04 and the I & S tax rate will remain at $0.2363 for a total tax rate of $1.2763.
  • Approved the PDAS appraisers as presented.
  • Approved a resolution adopting GASB 54 Standards and Applications.
  • Approved the fuel bid received by Borders and Long for the 2011-2012 school year.
  • Approved the employment of the following personnel: Mark Bailey, ISS Aide at HS; Jack Lochabay, night custodian at HS; Beverly Fregia, food service at HS; Vickie Howell, food service at HS; Cathy Bryant, food service at MS; Dewetta Crow, food service at PS; Joyce Byers, bus monitor; Sheryl Sims, bus driver.
  • Approved the sub list as presented.
  • Approved the student transfer list as presented.
  • Adjourned.