Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Finance Overview

Delivered to FIRST 08/11/15
by

Communication Services

on 5 February 2016

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Finance Overview

Funding, Budgets and Spending in GCISD
Maintenance
& Operations
$1.04
Debt
Service
$0.2801
GCISD Tax Rate = $1.3201
X
Direct
Instruction
8%=Instructional/Campus Leadership
9%=Student Support
2%=Transportation
4%=General Administration
2%=KidzU
63%
11%=Facilities, Security, Utilities
37%
How the M&O budget is spent:
$
ense
Dollars and
Budget Development
Six-month process
87% of budget related to payroll
- project enrollment and identify
staffing needs/surplus
Campus/department allocations
Fixed costs (ie, utilities, fuel, insurance)
1%=Technology
M&O Budget Breakdown
Robin Hood, still Alive and Well...
GCISD will send over
$26 million
back to the state in 2015-2016.

Since the inception of Robin Hood, GCISD has sent over
$500 million
.
This is how it works:
State maximum property value wealth is $514,000/student.

Anything above this amount is sent back to the state.
2015-2016
GCISD Property Value Wealth
State Maximum
$690,303
$514,000

$176,303
Taxes on this value are recaptured and sent to the state.
This is How it Works:
PAYROLL
RECAPTURE
OTHER
M&O Tax Rate: $1.04
Revenue Sources
Our LARGEST source of Revenue comes from Local Taxes.
Full transcript