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Budget Assumptions

2020 CGCSC Budget
Education Fund
Operations Fund
Debt Service Fund
Referendum Fund
Budget Assumptions
Revenue Estimate
Spending Plan
Cash Flow



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 2020):
    • G.O. Bonds ($4,800,000) to support CPF projects and technology projects
    • G.O. Bonds ($3,400,000) to for land purchases and traffic improvements at MGES
  • Elimination of bonds (last payment in 2019):
    • 2017 G.O. Bonds ($2,000,000) to support CPF projects
    • 2017 G.O. Bonds ($2,000,000) to support technology projects
    • 2017 G.O. Bonds ($1,985,000) for miscellaneous building improvement projects
  • Approximately $186,000 in interest on Tax Warrants
    • Approximately $218,000 in un-reimbursed textbook fee collection

Tax Rate/Levy Assumptions:

  • All funding comes from local sources.
  • FIT, CVET, Excise, and LOIT taxes are projected to be about the same percentage in 2020 as they were in 2019.
  • The tax rate is computed on State Form 4.  The levy will be whatever is required to raise needed revenue.