Dear School Business Professionals,
The 2023-24 J-29 P-2 Property Tax Summary<sbas.sbceo.org/Escape/202324%20J29%20P2SummarybyColumnDistrict.pdf> is now posted on our website on the Adopted Budget<sbasweb.sbceo.org/reporting/adopted-budget> page.
Important notes about this Property Tax Report
The items below represent a summary of notable changes from the prior reporting period, P-1 to P-2.
* Column A-2: Unsecured aircraft allocation decreased in estimate from P-1. * Column A-8: Based on YTD Supplemental levy, it’s anticipated to be lower than the estimate in P-1. Property Transfers trend indicates a continual decrease from prior year which is an indicator of supplemental levy and collections. * Column A-9: ERAF allocation projected to be lower than in P-1 due to lower than anticipated supplemental collections.
Note: Prior Year collections should be taken into consideration when developing your budget since some are one-time sources and should not be carried forward as ongoing revenues in future years.
The above factors are important to consider when planning for your district’s 2023-24 Estimated Actuals and 2024-25 Adopted Budget and Multi-Year Projections. Please review how these changes may affect your individual district.
If you have any questions regarding the 2023-24 P-2 Property Tax Report, please contact Alejandro Baeza at 805-964-4710 x5372 or abaeza@sbceo.org<mailto:abaeza@sbceo.org>.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>
The 2023-24 J-29 P-2 Property Tax Summary<sbas.sbceo.org/Escape/202324%20J29%20P2SummarybyColumnDistrict.pdf> is now posted on our website on the Adopted Budget<sbasweb.sbceo.org/reporting/adopted-budget> page.
Important notes about this Property Tax Report
The items below represent a summary of notable changes from the prior reporting period, P-1 to P-2.
* Column A-2: Unsecured aircraft allocation decreased in estimate from P-1. * Column A-8: Based on YTD Supplemental levy, it’s anticipated to be lower than the estimate in P-1. Property Transfers trend indicates a continual decrease from prior year which is an indicator of supplemental levy and collections. * Column A-9: ERAF allocation projected to be lower than in P-1 due to lower than anticipated supplemental collections.
Note: Prior Year collections should be taken into consideration when developing your budget since some are one-time sources and should not be carried forward as ongoing revenues in future years.
The above factors are important to consider when planning for your district’s 2023-24 Estimated Actuals and 2024-25 Adopted Budget and Multi-Year Projections. Please review how these changes may affect your individual district.
If you have any questions regarding the 2023-24 P-2 Property Tax Report, please contact Alejandro Baeza at 805-964-4710 x5372 or abaeza@sbceo.org<mailto:abaeza@sbceo.org>.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>