Skip To Main Content

Budget Assumptions

2018 CGCSC Budget
Debt Service
Capital Projects
Bus Replacement
Budget Assumptions
Revenue Estimate
Spending Plan
Cash Flow


October 26, 2017

Revenue Assumptions:

  • The tax rate will be set to generate the funds needed for the revenue plan.
  • The state has developed a formula for determining what our year-end cash balance can be. We have shown this calculation on the Debt Service Worksheet.

Expenditure Assumptions:

  • See DLGF worksheet
  • Addition of new bonds (first payment in 2018):
    • O. Bonds ($1,990,000) to support technology projects
    • O. Bonds ($1,990,000) to support CPF projects
    • O. Bonds ($1,990,000) to support miscellaneous renovations
  • Elimination of bonds (last payment in 2017):
    • 2010 G.O. Bonds ($1,970,000) for technology
    • 2011 G.O. Bonds ($490,000) for science textbooks & technology
    • 2014 G.O. Bonds ($1,970,000) for the IT Center
    • 2015 G.O. Bonds ($1,990,000) to support CPF projects
    • 2015 G.O. Bonds ($1,990,000) to support technology projects
    • 2015 G.O. Bonds ($1,990,000) for PGES renovations
  • Refinancing of bonds
    • None in 2017 or 2018
  • Approximately $62,000 in interest on Tax Warrants
  • Approximately $197,000 in un-reimbursed textbook fee collection

Tax Rate/Levy Assumptions:

  • All funding comes from local sources.
  • FIT, Excise, and CVET taxes are projected to be about the same in 2018 as they were in 2017.
  • The tax rate is computed on State Form 4. The levy will be whatever is required to raise needed revenue.