Action 10.
Regular Board of Supervisors Meeting
County Schools
- Meeting Date:
- 07/23/2019
- Title:
- Approval to Levy for Cash Deficit for FY2019-20
- Submitted By:
- Kimberly Madden, County Schools
- Department:
- County Schools
Presentation:
No A/V Presentation
Recommendation:
Approve
Document Signatures:
BOS Signature NOT Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
0
NAME
of PRESENTER:
of PRESENTER:
Debra Prow
TITLE
of PRESENTER:
of PRESENTER:
Business Manager
Mandated Function?:
Federal or State Mandate
Source of Mandate
or Basis for Support?:
or Basis for Support?:
15-992
Docket Number (If applicable):
Information
Agenda Item Text:
Approve levy for cash deficit correction for Benson, Douglas and Sierra Vista Unified School Districts prior to adopting tax rates on August 19, 2019.
Background:
The school districts that are requesting approval to levy for cash deficit correction are:
- Benson Unified $150,000 Cash Deficit Correction Tax Rate: 0.3338
- Douglas Unified $1,900,000 Cash Deficit Correction Tax Rate: 2.6389
- Sierra Vista (El) $953,966 Cash Deficit Correction Tax Rate: 0.2389
- Sierra Vista (HS) $576,543 Cash Deficit Correction Tax Rate: 0.1432
Department's Next Steps (if approved):
BOS approval of the cash deficit levy is required before submitting to the Property Tax Oversight Commission (PTOC) for approval.
Impact of NOT Approving/Alternatives:
The impact of not approving the rates will affect the overall budget of each district, which will affect the students and staff. Staff cutbacks and program cuts could result. Schools would have to rely on credit advances.
To BOS Staff: Document Disposition/Follow-Up:
County Superintendent's Office will notify districts of BOS approval.