001nails from the things. I mean, that's been my time. >> There's no good place to really have it. Did Did Allan the pallet? >> It's on now. >> It just moved. >> Okay, it's on. Thank you, Tim. >> Hey, turn it off. >> Appreciate it. >> Yeah, it's on. >> You remotely do that. >> Yeah. >> Oh, yeah. >> And crazy. That's unbelievable. >> I had a drone flying around. You ready? So, public hearing on the 2026 budget open at 6:02 p.m. All right. Thank you. I will uh present the 2026 budget. For those of those of you watching, uh you can find all this information on our website at about us. Click on about us and then go down to budget information. So, all right. So, if you guys will pull out the handout
002that says the 2026 bud budget presentation. Uh, we're basically setting the budget for the four funds that we have. The rainy day fund, the education fund, the debt service fund, and the operations fund. So, the estimate that I am presenting the board and the public this evening is the rainy day fund is $750,000 for 2026. Education fund will be $14 million for 2026. Debt service fund will be $2,89,975 and the operations fund will be 10,99,799. A total advertised budget for 2026 is 26,939,774. The next column in the budget presentation was the approved budget for 2025. Rainy day was 600,000. Education was 13,700,000. Debt service was 2,90,725 and operations fund was 6,349,278 for a total budget approved for this present year of $22,740,03. When it comes to the taxes that we'll be asking to levy for
003the 2026 budget in debt service, it'll be 2,86,586. In operations, $6,932,22 for a total levy of $9,18,788. Our current tax levy, as you can see in the next column for the debt service, it's pretty much the same. It was $2,86,827. Our current levy for operations is 5,695,941 for a total levy of $7,782,768. Now, I will say that when you build a budget like this, you build it a little high because you don't really know some factors like what the AV will be. So, you want to make sure you advertise high so we get all the money that we're entitled to. So, this budget will be cut a little bit before our final budget will be cut on based on what I'm advertising. When you turn it over, you look at the tax rate. Uh, I
004built the current budget on an estimated AV of $490 million. LA last year's AV for the 2025 budget was actually $656,441,282. So, I advertise low to make sure we capture everything that we're entitled to in case there is a drop in AV, which we have experienced as a as a group before. So the current tax rate that I'm advertising for 2026 is for debt service uh4258 actually and for operations $14147 for a total of $18406. As you can see the the rate that was advertised in 2025 was a little higher than that. It was a total of $1.97, but actually our approved rate based on the AV was only $118. So I would anticipate that our tax rate for 2026 will be at $118 or even a little lower based on the AV. So it
005all depends on what the AV comes in at. So that is our uh presentation of the 2026 budget. I've also included in your uh information tonight our form three which we posted on the on the uh DLGF website which is notice to the taxpayers of our budget. Um as you if you look at this it'll you see that our estimated property tax cap for uh the 26 budget is $1,8,170. So, if we get our estimated operations levy, you guys see where I'm talking, >> of 5.9 million, we'll we'll get cut 1 million. So, we'll only end up with 4.9 million there. So, and then the other things that I put in your packet that we've displayed on the web page that we have to advertise is the capital projects plan, which this is very uh
006I've kept it very vague in nature. Um, it changes from year to year on what we need to do, but I did put some things that in there that we plan on doing for sure, which is, uh, carpeting, sealing of the asphalt, repairing, technology upgrades, uh, etc. Playground improvements, um, certainly things that that could fit into that budget for between 26 and 28. And then the bus replacement plan is the other thing we we've presented tonight here. Um, you know, we're looking at buying three buses hopefully each year over the next uh five years. A lot of that will depend on our circuit breaker losses and can we afford it based on whatever repairs we need to make in the building. So, we will be able to use some of our bond money. We did
007buy three buses with the last uh the 2024 bonds which they're on order but >> we just deliver those. >> Do you know John? >> They haven't given us a day yet. >> They're not even going to start making them until the spring >> till April. They want to start building them. >> We think we're going to buy some future. We need to be ordering or or just cash up. >> Probably we need to be ordering them. Yes. Maybe this spring. >> But the problem is you don't know when you're going to get them. And if you get them all if all of them get all six at the same time, you're going oh for all six at the same time. It's very whatever. Yeah. >> But if it if it takes as long pay
008for them up I wish you could but you can't can't pay for them to get them >> or on the other hand I wish you had as long to pay for them as you do to get them. >> Should be really nice. >> That would be a good system. >> How many 12y olds we got? >> A bunch. I'd have to count to be >> but they're in good shape. John, >> Mike, they're in good shape. >> Dozen. >> Mike, if you look at the bus replacement plan, it has the years on there. Oh, yeah. I see. >> So, I mean, you can kind of look and see how many are older than 12 years. >> We got a lot of 05s. >> Yes. The thing that you run into, you know, one, Bill takes
009really good care of them. And two, like our in town buses, they really don't have that many miles on them. >> Correct. >> Even though they're older, they don't have a lot of miles. >> So, >> low mileage. And they bought at one time we bought eight in the same way before our time. >> We still twice a year. They get twice a year. >> 12 years. Yeah, we got in fact we got the 12 year olds are going through tomorrow actually. >> Yeah. >> Okay, that's our 2026 budget presentation. Do you have any other questions from the board this evening? >> Good job. >> Thank you. Questions? We have any public comment? >> No public comment this evening. >> All right. Okay. I will close the public here at 6:10 p.m. Upcoming dates. All
010right. Thursday, September 4th, it's the annual board visit to the schools. Um, so that's tomorrow. Wednesday, September 17th, 2025 will be our regularly scheduled board meeting and the adoption of the 2026 budget. That starts at 6:00. We will also have um uh Casey's Kicks here that night to present their donation to the school corporation. this year. So, we look forward to that. Friday, September 19th is the teacher professional development day and there's no school for students. So, >> things coming up. >> All right. I have a motion here. >> Second, Mike. >> All in favor? 5 at 611. >> All right. If you guys will turn off your microphones, please. I would just