August 23, 2016 at 6:00 PM - Board of Education ESU 18 Regular Meeting

The Board held a public hearing on August 9, 2016, on the proposed budget for Educational Service Unit 18.

Explanation
Staff recommends that the Board review the budget statement as amended (Attachment One) prepared in compliance with the Nebraska Budget Act, State Law Section 79-1225, and other Nebraska laws.  After Board review, the following resolution will be presented for approval on August 23, 2016.

RESOLVED by the Board of Educational Service Unit 18 of the State of Nebraska:

1.  That $2,890,368 is the Board’s estimate of the total amount under its adopted budget statement to be received from taxation of the taxable property within the Educational Service Unit for the fiscal year beginning September 1, 2016, and ending August 31, 2017.

2.  That the County Commissioners of Lancaster County be requested and directed to levy and collect for said mentioned purposes the tax rate necessary to produce $2,890,368, after the county’s tax collection fee has been deducted, the same as other property taxes are levied and collected. 

3.  That the officers of the Board be directed to report the action of the Board of Educational Service Unit 18 to the County Commissioners of Lancaster County (in their capacity as the levying board) and to the Auditor of Public Accounts not later than September 20, 2016, in accordance with State Law Section 13-508 and other Nebraska laws.

4.  That the 2016-17 budget as presented and amended, and all supporting documents (copies of which are on file with official Unit records and which are hereby incorporated herein by this reference as though set forth in full) as developed by the administration be hereby approved and adopted.

5.  That the administration is hereby authorized to take all action necessary to implement the adopted budget herein, and to make any necessary changes or adjustments as required by Nebraska laws to properly reflect such adopted budget statement hereby approved, due to new requirements, assessed valuation certifications or re-certifications or such other matters which require necessary fiscal adjustments to complete the budgeting process for the 2016-17 fiscal year adopted budget and budget statement hereby approved.

6.  That in accordance with Section 003.04C of Title 92, Nebraska Administrative Code, Chapter 2, Section 79-1070 R.R.S. Neb., and Section 79-1244 R.R.S. Neb., and other Nebraska laws and regulations, the Board authorizes that at any time during the 2016-17 school fiscal year there is temporarily insufficient money in any of the Educational Services Unit’s funds, or in any of the funds of any entity of which the Educational Service Unit is a “blended component unit” as such term is defined in the Governmental Accounting Standards Board Statement 14, the Associate Superintendent for Business Affairs or a designee may transfer money from other funds to such fund, such transfer to be considered a loan subject to repayment as soon as funds are available to do so.

Proposal
That the Board approve the 2016-17 budget statement and resolution, as amended.