2012-2013 Budget

Summary Tax Ratables increased this year by $181,743 Total General Fund State Aid showed an increase of $392,615 but we lost $ 371,292 in Ed Jobs funding State Aid will be reduced by $81,264 for an assessment for Debt Service on SDA funding The 12-13 General Fund Budget increased by $915,208 and Debt Service increased by $ 95,081 (due to bleacher project) Preschool Aid increased by $ 173,547 (but money can be spent on Preschool expenditures only) Local Tax Levy is at the 2% cap Administrative per pupil cost for 12-13 is $ 75 less than what the state allows, and $261 less than the Regional Threshold

Where does the money come from? General Fund (10) State Aid = $ 10,677,993 (11-12=$10,285,378) Tuition = $1,751,130 (11-12=$1,749150) CST Services = $190,000 (11-12=$193,800) Transportation = $35,000 (11-12=$30,000) Interest Earned/Misc = $45,000 (11-12=$45,600) Tax Levy = $ 6,757,223 (11-12=$6,624,728) Budgeted Fund Balance = $1,329,818 (11-12= $769,128)

Debt Service Fund (40) State Aid = $ 42,933 (11-12=$ 39,760) Budgeted Fund Balance = $347 (11-12=$839) Tax Levy = $802,679 (11-12=$710,279)

Proposed Revenues

What the Budget Maintains School Resource Officer Two elementary and two special education teaching positions Some music equipment replacements Elementary Summer school After school Academies Middle School Homework Club All current academic programs MS and HS athletic programs Most student activity programs, including Band and Choral programs

Proposed Expenditures

What will it cost the taxpayers? General Fund Tax Levy 12-13 Rate = $ 1.5082 ($.029 increase over 11-12 Rate) Total dollars = $2,319.99 ($42.94 increase over 11-12 for the average home assessed at $153,822) Debt Service Tax Levy 12-13 Rate = $.1792 ($.021 increase over 10-11 Rate) Total dollars = $275.59 ($31.45 increase over 11-12 for the average home assessed at $153,822)

Questions?