September 28, 2023 at 12:00 PM - Board of Education 2nd Monthly Meeting

Rationale:  The Norfolk Public School District's board of education meeting is called to order.
 

Rationale:  If any board member is absent, there will need to be a  motion to excuse the absence.

Rationale:  This is a legal meeting of the board of education, as advertised by the means specified in board policy. A complete copy of the Open Meetings Act is posted in the board room for your review. A copy of the agenda is available at the desk of the recording secretary.

Rationale: 

The proposed 2023-2024 budget has been reviewed by all Board members and discussed at a public budget workshop on August 30th. The public also had an opportunity for comment and input at our budget hearing on September 11th.  This budget has not changed since those meetings.  Our revenue sources are what has been changed.  I am proposing that we utilize additional cash reserves and Sped Reimbursement in order to lower the levy an additional 5 cents and stay under the new property tax lid.

Our total general fund budget, which covers all operating expenses including staff, transportation, instructional materials, utilities, and maintenance, is set at $71,273,359.  This is $1,861,985 (or 2.68%) more than last year's general fund budget. The large majority of this increase is due to staffing costs, which make up 81.83% of our budget.

Our Special Building Fund budget is set at $8,277,765. This is $1,325,869.36 less than last year. It is anticipated that $6,493,782 of this amount will be utilized to complete our Middle School addition. The remaining $1,783,983 has already been allocated to other projects, such as the replacement of the chiller system at the senior high school, final bills for construction projects at Bel Air and the Junior High, and the demolition of the house on Walnut Street.

Our Depreciation Budget is set at $6,445,290. This is $2,020,594.75 less than last year.  Money in the deprecation fund must be designated for a specific purpose. Only $2,839,327 of this is designated for maintenance, and $1,725,603 of that has been designated for other projects, leaving us with $1,113,724 that can be utilized to complete our Middle School addition. 

Additional fund budgets require less explanation and are included in the attachment.

 

Rationale: 

Public notice was given at least five days in advance of the district’s Special Public Hearings on Sept. 11th and Sept. 21st which were called for the purpose of discussing and approving or modifying the District’s Tax Requests for the 2023-2024 school’s fiscal year for the General Fund, Special Building Fund, and Qualified Capital Purpose Undertaking Fund of Madison County School District 59-0002.

A Special Public Hearing was held before the Board of Education of Madison County School District 59-0002 at the time, date, and place announced in the notice published in a newspaper of general circulation, a copy of which notice and proof of publication is attached hereto as Exhibit A-1. A joint public hearing was held before the public of Madison County at the time, date, and place announced in the notice published in a newspaper of general circulation, a copy of which notice and proof of publication is attached hereto as Exhibit A-2, all of which is required by law.

 

NOW, THEREFORE, the Governing Body of Norfolk Public Schools resolves that:
1.	The 2023-2024 property tax request be set at:
		General Fund:	$       32,112,531.00
		Bond Fund:	$                        -
		Special Building Fund:	$         1,687,660.00
	Qualified Capital Purpose Undertaking Fund:		$           786,465.00
2.	The total assessed value of property differs from last year’s total assessed value by 9.61 percent.
3.	The tax rate which would levy the same amount of property taxes as last year, when multiplied by the new total assessed value of property would be 0.983617 per $100 of assessed value.
4.	Norfolk Public Schools proposes to adopt a property tax request that will cause its tax rate to be 1.024693 per $100 of assessed value.
5.	Based on the proposed property tax request and changes in other revenue, the total operating budget of Norfolk Public Schools will increase (or decrease) last year’s budget by -1.46 percent.
6.	A copy of this resolution will be certified and forwarded to the County Clerk on or before October 15, 2023.

 

Rationale:  The next regular meeting of the Board of Education will be held on Monday, October 9, 2023. The regular business meeting will start at 5:30 PM.  All components of these meetings will be held at the NPS Central Administration Offices and will be open to the public unless an Executive Session is needed in order to protect the interest of the district or the reputation of an individual.