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Five Specific Projects to Make More Money (Robert Segal)
 

Five Specific Projects to Make More Money (Robert Segal)

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Presentation slides for "Five Specific Projects to Make More Money" presented by Robert Segal at Summer 2013 NCLGBA Conference, July 10, 2013

Presentation slides for "Five Specific Projects to Make More Money" presented by Robert Segal at Summer 2013 NCLGBA Conference, July 10, 2013

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    Five Specific Projects to Make More Money (Robert Segal) Five Specific Projects to Make More Money (Robert Segal) Presentation Transcript

    • Five Specific Projects to Make More Money Robert S. Segal, CPA CMC High Point, NC
    • Are you an Accumulator or Innovator?
    • Five specific projects to increase revenues or reduce non-personnel expenses that you can implement yourself.
    • #1 - UNIVERSAL SERVICE FUND (e-rate DISCOUNTS) Reimbursement of internet and telephone costs.
    • www.usac.org
    • http://www.usac.org/sl/tools/commitments-search/Default.aspx
    • Which are you? 1. Do you have separate lease and maintenance contracts for every copier, groups of copiers or all of your copiers? OR 2. Consolidated cost per copy? #2 – CONSOLIDATED COST PER COPY
    • 2,500 copies per student per year 10,000 Student District = 25,000,000 copies per year Save half a penny per copy = $125,000 annually
    • #3 UTILITY BILLING EFFICIENCIES Are you paying utility bills? OR Are you mailing utility bills? OR Are you paying and mailing utility bills?
    • Same address 3 different bills!
    • #4 ADDITIONAL PROPERTY TAX REVENUES Who doesn’t need more property tax revenues?
    • Year Track Mileage Within City Limits Density Factor Factored Miles Operating Assessment Per Track Mile Distributable Property Equalization Ratio Equalized Assessed Value Tax rate Projected additional Tax 2008 1.4 3.0 4.20 131,992.00 554,366.40 0.841 $ 466,000.40 $ 0.35 $ 1,631.00 2009 1.4 3.0 4.20 132,551.00 556,714.20 0.861 $ 479,108.24 $ 0.35 $ 1,676.88 2010 1.4 3.0 4.20 147,410.00 619,122.00 0.866 $ 536,283.48 $ 0.35 $ 1,876.99 2011 1.4 3.0 4.20 166,851.00 700,774.20 0.846 $ 592,714.82 $ 0.35 $ 2,074.50 2012 1.4 3.0 4.20 177,667.00 746,201.40 1.000 $ 746,201.40 $ 0.35 $ 2,611.70 Projected property tax owed by CSX to Sandyfiled $ 9,871.08 This certification is missing railroad and phone information
    • DO YOU HAVE A MUNICIPAL SERVICE DISTRICT?
    • TO GET A COPY OF YOUR CERTIFICATION TO MUNICIPALITIES WEBSITE: http://www.dor.state.nc.us/taxes/property PHONE: 919-733-7711 EMAIL: ptc@dornc.com
    • #5 DELINQUENT DEBTORS ARE YOU PAYING DELINQUENT DEBTORS?
    • Do you have a delinquent property tax listing? Do you know who owes you money?
    • 1. UNIVERSAL SERVICE FUND (E-RATE DISCOUNTS) 2. CONSOLIDATED COST PER COPY 3. UTILITY BILLING EFFICIENCIES 4. ADDITIONAL PROPERTY TAX REVENUES 5. DELINQUENT DEBTORS
    • QUESTIONS?
    • 1912 EASTCHESTER DRIVE, SUITE 206 HIGH POINT, NC 27265 OFFICE 336-886-2100 FAX 336-886-2101 TOLL FREE 888-886-2163 EMAIL bob@segalcpa.com WEBSITE www.segalcpa.com