Revenue Neutral Rate Budget Hearing Notification

Notice of Hearing to Exceed the Revenue Neutral Rate and Budget Hearing - 2023-2024 Budget

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