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 ...
2,500 copies per student per year
10,000 Student District = 25,000,000 copies per year
Save half a penny per copy = $125,0...
#3 UTILITY BILLING EFFICIENCIES
Are you paying utility bills?
OR
Are you mailing utility bills?
OR
Are you paying and mail...
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
Prop...
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: 919-733-77...
#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 P...
QUESTIONS?
1912 EASTCHESTER DRIVE, SUITE 206
HIGH POINT, NC 27265
OFFICE 336-886-2100
FAX 336-886-2101
TOLL FREE 888-886-2163
EMAIL b...
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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

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Five Specific Projects to Make More Money (Robert Segal)

  1. 1. Five Specific Projects to Make More Money Robert S. Segal, CPA CMC High Point, NC
  2. 2. Are you an Accumulator or Innovator?
  3. 3. Five specific projects to increase revenues or reduce non-personnel expenses that you can implement yourself.
  4. 4. #1 - UNIVERSAL SERVICE FUND (e-rate DISCOUNTS) Reimbursement of internet and telephone costs.
  5. 5. www.usac.org
  6. 6. http://www.usac.org/sl/tools/commitments-search/Default.aspx
  7. 7. 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
  8. 8. 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
  9. 9. #3 UTILITY BILLING EFFICIENCIES Are you paying utility bills? OR Are you mailing utility bills? OR Are you paying and mailing utility bills?
  10. 10. Same address 3 different bills!
  11. 11. #4 ADDITIONAL PROPERTY TAX REVENUES Who doesn’t need more property tax revenues?
  12. 12. 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
  13. 13. DO YOU HAVE A MUNICIPAL SERVICE DISTRICT?
  14. 14. 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
  15. 15. #5 DELINQUENT DEBTORS ARE YOU PAYING DELINQUENT DEBTORS?
  16. 16. Do you have a delinquent property tax listing? Do you know who owes you money?
  17. 17. 1. UNIVERSAL SERVICE FUND (E-RATE DISCOUNTS) 2. CONSOLIDATED COST PER COPY 3. UTILITY BILLING EFFICIENCIES 4. ADDITIONAL PROPERTY TAX REVENUES 5. DELINQUENT DEBTORS
  18. 18. QUESTIONS?
  19. 19. 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
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