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

    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.