Oxford School District

Oxford School District 224 Bramlett Boulevard Oxford Mississippi 38655 (662) 234-3541 Fax: (662) 232-2862 TO: FROM: SUBJECT: Mayor George G. Patterson Board of Aldermen Brian Harvey, Superintendent Charles Webb, Business Manager 2014-2015 School Budget/Ad Valorem Tax Request DATE: July 30, 2014 Enclosed please find a copy of the Oxford School District 2014-2015 school budget and Ad Valorem Tax Request worksheet. CW: lb "First in Class - The Oxford Way"

1. Total Budget Projections 2. 2014-2015 Ad Valorem Tax Request Worksheet 3. Combined Budget

OXFORD SCHOOL DISTRICT BUDGET ADOPTION JUNE 23, 2014 FUND# FUND NAME TOTAL BUDGET PROJECTIONS 1120 District Maintenance 1130 Special Education 1145 At Risk 1151 School Activity Fund 1901 Repairs & Improvement 1902 After School Program 2090 Extended School Year 2110 Child Nutrition 2124 Summer Feeding 2211 Title I 2213 Title I School Improvement Plan 2290 Consolidated Adm. Cost Fund 2311 Title I Rural & Low Income Program 2410 EEF Building & Buses 2511 Improving Teacher Quality 2560 Title 111 LEP 2610 IDEA Part B 2620 Preschool 2711 Vocational Education 2814 Homeless Children & Youth 2820 Unemployment Compensation 2902 Positive Behavior 2904 Dyslexia 2905 Nurse Intervention 2906 Good Food For Oxford 2907 Bolts Grant 2908 Transition Grant 4023 Three Mill Levy QSCB 4024 Three Mill Levy 2012 4025 Three Mill Levy 2013 4031 Debt Retirement Refunding 2004 4038 Debt Retirement Refunding 2009 4039 Debt Retirement 2011 Issue 4041 MAEP Debt Retirement Fund 32,713,695.77 2, 126,961.80 281,677.89 817,519.42 952,844.76 71,191.02 25,037.47 1,821,371.36 15,783.21 667,940.86 63,626.68 82,893.37 61,819.00 266,711.00 155,929.57 14,809.40 753, 143.00 20, 131.32 711,536.49 16,344.28 10,306.28 7,942.33 41,383.72 50,00 22,073.42 63,633.07 21,457.75 240, 10 465,50 335,25 377, 196.26 636,297.50 2,389,00 297, 185.00 46,598,293.00

School District: Oxford School District District No.: 3620 ----- 2014-2015 AD VALOREM TAX REQUEST WORKSHEET BASE CALCULATION: Note: The district is allowed to choose any ofthe three previously completed fiscal years in determining the base. A fiscal year is defined as beginning October 1 and ending September 30, per Section 37-57- 107, Mississippi Code Annotated (1972). Ad Valorem Taxes Collected: $15,870,642.68 October 1, 2013 through {g (30 '2014 AnticiP,ated Ad valorem taxes to be Collected: 7 //, 2014 through September 30, 2014. 1, 182,358.64 Homestead Reimbursement (2013-2014) 233,981.67 ADD Ad Valorem Tax Reduction Funds (2013-2014) ADD Ad Valorem Tax Escrow (2012-2013) ADD Ad Valorem Tax Shortfall Notes (2013-2014) LESS Ad Valorem Tax Escrow (2013-2014) TOTAL BASE $ 17,286,983.00 PLUS ':i % increase 691,479.32 PLUS New Programs [Amount allowed under 37-57-104. This is the amount of the increase in local contribution over the prior year that MAY be 75,308.00 requested outside of the 4-7% limitation. PLUS Estimated Ad Valorem Tax on New Property 748,692.00 TOTAL AD VALOREM TAX NEEDS $ 18,802,462.00 LESS Ad Valorem Tax Escrow (2013-2014.) ( -0- NET AD VALOREM TAX REQUEST FOR OPERATIONS ( 37-57-104 thru 107) $ 18,802,462.00 tl.d VALOREM TAX REQUESTED FOR DEBT SERVICE (List & cite code authority) General Obligation Bonds Series 2004 (refunding) 31-27-1 $ 377, 196.26 General Obligation Bonds Series 2009 (Refunding) 31-27-1 $ 636,297.50 Three Mill I 10-20 Year Notes 2011 37-59-101 $ 240,10 Three Mill I 10-20 Year Notes 2012 (Refunding) 31-27-1 $ 465,50 Three Mill I 10-20 Year Notes 2013 37-59-101 $ 335,25 General Obligation Bonds Series 2011 37-59-1 $2,389,00 OTHER AD VALOREM TAX REQUESTS (List and cite code authority) Vocational Education 37-7-409 $ 250,00

--- - - --- OXFORD SCHOOL DISTRICT S DA legal Proposed Combined Budget Report For the year ending June 30, 2015 Original x Date Approved: 06/23/2014 Amended - Date Approved: Governmental Fund Types General Special Revenue Capital Projects Proprietary Fund Types Debt Service Permanent Trust Enterprise Internal Service Total Revenues Local Sources Intermediate Sources State Sources Federal Sources Sixteenth Section Sources 19,576,609.83 667,206.95 16,645,958.94 373,517.57 237,236.86 3,308,630.18 4,560,644.04 24,804,460.82 000 297,185.00 17,316,661.51 3,545,867.04 Total Revenues 36,459,805.63 4,349,354.70 4,857,829.04 45,666,98937 Expenditures Instruction Support Services Noninstructional Services Sixteenth Section Facilities Acquisition and Construction Debt Service Principal Interest Other 21,031,523.34 1,824,780.45 D.00 13,818,998.05 1,346,083 94 315,939.30 1,673,641.56 860,629.36 175,460.69 o:oo 693,302.27 22,856,308 79 000 15,165,081.99 000 1,989,580.86 000 000 860,629.36 000 000 3,039,00 3,214,460.69 1,808,304.04 ODO 2,501,606.31 10,525.00 10,525.00 Total Expenditures 36,895,858.01 4,844,505.95 4,857,829.04 46,598, 193.00 Ex:cess(Deficiency) of Revenues Over Expenditures (436,052.38) (495,15125) (931,203.63) l\/larathon powered by CA- Oxford FY14 (CHARLES) Page 1 of 3 Printed: 6/231201412:04:24 Pl\/I ~----- ---------

OXFORD SCHOOL DISTRICT SDA Legal Proposed Combined Budget Report for the year ending June 30, 2015 Original X Date Approved: 06/23/2014 Amended Date Approved: Governmental Fund Types General Special Revenue Proprietary Fund Types Cap.ital Projects Debt Service Pennanent Trust Enterprise Internal Service Total Other Financing Sources (Uses) Proceeds of General Obligation Bonds Proceeds of Refunding Bonds Proceeds of Loan(s) Inception of Capital Lease(s) Insurance Loss Recoveries Sale of Transportation Equipment Sale of Other Property Indirect Costs Other Transfers ln Payments to Escrow Agent Miscellaneous Other Financing Sources Indirect Costs Transfers Out Other Transfers Out Payment to Refunded Bond Escrow Agent Payment to Qualified Zone Academy Debt Escrow Agent Miscellaneous Other Financing Uses 000 12,236.00 2,408,639.69 428,353.86 2,754, 100 18 82,893.37 ODO DOD 000 12,236.00 2,836,993.55 2,836,993.55 Total Other Financing Sources (Uses) (333,224.49) 345,460.49 12,236.00 Net Change in Fund Balances (769,276.87) (149,690.76) 0 OD (918,967.63) Marathon powered by CA - Oxford FY14 (CHARLES) Page 2 of 3 Printed: 612312014 12:04:24 PM

OXFORD SCHOOL DiSTRICT SDA Legal Proposed Combined Budget Report For the year ending June 30, 2015 Original X DateApproved: 06123/2014 Amended Date Approved: Governmental Fund Types Proprietary Fund Types General Special Revenue Capital Projects Debt Service Permanent Trust Enterprise Internal Service Total Fund Balances I Retained Earnings July 1, 2014 7,355,754.63 303,764-_57 1,151,13717 Prior Period Adjustments July 1, 2014 as restated 7,355, 754.63 303,764.57 1,151,13717 lncrease(decrease) in Reserve for Inventory 0 OD 000 Residual equity transfer ln(out) June 30, 2015 6,586,477.76 154,07381 1,151,137.17 8,810,656.37 8,810,65637 000 7,891,688.74 nr; 1r1/2014 The above Original Combined Budget Report has been approved by the school board as noted in our board minutes dated_-_-..:. -----'----...---, Board President/~ ~(' h Board Secretary: Marian Barksdale c04d ~ Denny Tosh (signature) Date: 06/23/2014 (printed name) (signature) Date: 06/23/2014 (printed name) iljjarathon powered by CA - Oxford FY14 (CHARLES) Page 3 of 3 Printed: 6/23/2014 12:04:24 PM