Nelson County Regular 
September 06, 2018 5:00 PM
Central Office

Attendance Taken at 4:52 PM: 

Present Board Members:   
Mrs. Diane Berry 
Mrs. Diane Breeding 
Mr. Damon Jackey 
Mrs. Rebekah McGuire-Dye 
 
Absent Board Members:   
Mr. Jeff Dickerson 

I. Call to Order  
The meeting was called to order at 5:00 p.m. by Chairperson, Damon Jackey. 

II. Changes to the Agenda  
There were no changes to the agenda.

III. Dedicated to Our Community  

III.A. Tax Discussion  
Amy Owens and Superintendent Bradley led the tax levy discussion. 2018 marks a shift in tax funding revenue for the Nelson County Schools. For the first time, local tax assessments will provide the district 7% more funding than State SEEK funding. Since 2010, this shift has been significant as the local tax share has continued to grow while the impact of State SEEK revenue and increased retirement costs have led to an estimated $5 million impact in net state funding over 10 years.

10 Year Impact:

Increased local property assessments = $2.1 Million
Enrollment trends (1% annual) = $1.6 Million
New Retirement Costs = $1 Million
Other State Cuts = $500,000
Total 10 Year Decrease = $5.2 Million 

House Bill 362 increased local district contributions to County Employee Retirement System (Classified Employees). These contributions are expected to be phased in over the course of 4 to 5 years. From 2016 to 2021 the increase in CERS costs to Nelson County Schools will be in excess of $100,000 annually.

As we look at current financial trends, we must also look at the impact on future opportunities for students and teachers within our schools. Accordingly, we must continue to reallocate and align spending with the district.
1.	Increase opportunities for student leadership
2.	School safety repairs (access and security)
3.	Bussing and Transportation
4.	Employee salary and benefits package
5.	Expanding early college and career pathways

Mrs. Owens will recommend at the September Board Meeting that the Nelson County Board of Education adopt a four percent rate of 77.2 cents per 100 dollars of real property and 77.2 cents per 100 dollars of personal property.  This rate includes .4 to recover losses due to prior year exonerations as well as levy a rate of 54.8 per 100 dollars in valuation for motor vehicles.

III.B. Working Budget  
Amy Owens presented a summary of revenue and expected expenses for FY2019. Mrs. Owens will provide the completed working budget prior to the regular September Board Meeting.

IV. Innovate & Grow  

IV.A. Head Start Full Utilization MOA  
Mr. Bradley presented the Head Start Full Utilization MOA to be approved at the September Board Meeting.

V. Student and Shareholder Engagement  

V.A. Guest Comments  
There were no guest comments. 

VI. Adjourn Regular Session  

Motion Passed:  Motion to adjourn the Regular Session of the Nelson County Board of Education passed with a motion by Mrs. Diane Berry and a second by Mrs. Diane Breeding. The motion was unanimous.

_____________________________________
Chairperson

_____________________________________
Superintendent