Notice of Hearing to Exceed the Revenue Neutral Rate and Budget Hearing - 2023-2024 Budget
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View Fiscal Year 2023-2024 Legal Budget Adoption (PDF)
The governing body of Johnson County Community College in Johnson County will meet on September 14, 2023 at 5 p.m. in WCMT 111, at 12345 College Boulevard, Overland Park KS 66210 for the purpose of answering objections of taxpayers relating to the proposed use of all funds, and the amount of tax to be levied, the revenue neutral rate, and to consider amendments. Detailed budget information is available at 12345 College Boulevard, Overland Park KS 66210 and will be available at this hearing.
Budget Summary
The Expenditures and the Amount of 2023 Tax to be Levied (as shown below) establish the maximum limits of the 2023-2024 budget. The "Est. Tax Rate" in the far right column, shown for comparative purposes, is subject to change depending on final assessed valuation.
2021-2022 | 2022-2023 | Proposed Budget 2023-2024 | |||||
Actual Expend. & Transfers | Actual Rate* | Actual Tax Expend. & Transfers | Actual Tax Rate* | Budgeted Expend. & Transfers | Amount of 2023 Tax to be Levied | Est. Tax Rate* | |
Current Funds Unrestricted | |||||||
General Fund | 164,915,897 | 8.575 | 175,315,460 | 8.096 | 171,525,412 | 114,004,546 | 7.596 |
Postsecondary Tech Ed | 49,283,938 | 58,779,455 | 57,363,043 | xxxxxxxxx | xxx | ||
Adult Education | 771,622 | 801,682 | 848,303 | 0 | 0.000 | ||
Adult Supp Education | 5,493,899 | xxx | 4,954,519 | xxx | 7,847,458 | xxxxxxxxx | xxx |
Motorcycle Driver | 80,935 | xxx | 103,075 | xxx | 159,900 | xxxxxxxxx | xxx |
Truck Driver Training | 427,113 | xxx | 643,234 | xxx | 2,543,569 | xxxxxxxxx | xxx |
Auxiliary Enterprise | 11,450,531 | xxx | 13,620,369 | xxx | 13,519,709 | xxxxxxxxx | xxx |
Plant Funds | xxx | xxx | xxxxxxxxx | xxx | |||
Capital Outlay | 6,449,277 | 0.501 | 5,337,556 | 0.501 | 11,653,500 | 7,511,460 | 0.500 |
Bond and Interest | 0 | 0 | 0 | 0 | 0.000 | ||
Special Assessment | 221,491 | 0.034 | 373,293 | 0.020 | 1,260,000 | 306,427 | 0.020 |
No Fund Warrants | 0 | 0 | 0 | 0 | 0.000 | ||
Revenue Bonds | 1,602,130 | xxx | 1,697,427 | xxx | 1,706,650 | xxxxxxxxx | xxx |
Total All Funds | 240,696,833 | 9.110 | 261,626,070 | 8.617 | 268,427,544 | xxxxxxxxx | 8.116 |
Revenue Neutral Rate** | 7.739 | ||||||
Total Tax Levied | 111,660,500 | 116,442,703 | xxxxxxxxxx | 121,822,433 | |||
Assessed Valuation | 12,256,915,499 | 13,513,137,181 | 15,008,786,869 |
Outstanding Indebtedness, July 1
2021 | 2022 | 2023 | |
G.O. Bonds | |||
Capital Outlay Bonds | |||
Revenue Bonds | 10,605,000 | 9,335,000 | 7,925,000 |
No-Fund Warrants | |||
Temporary Notes | |||
Lease Purchase Principal | 47,905,000 | 45,935,000 | 43,865,000 |
Total | 58,510,000 | 55,270,000 | 51,790,000 |
* Tax Rates are expressed in mills.
**Revenue Neutral Rate as defined by KSA 79-2988