Gothenburg Public Schools 2019-2020 Budget Hearing

The 2019-2020 budget continues to invest in meeting the needs of our district with growing student needs. The General Fund budget of expenditures shown on the public notice is greatly inflated to allow the district to carry over “unused budget authority” to future years, and does not accurately reflect actual anticipated expenditures. The district over-estimates the budgets of expenditures of all active funds so that we don’t have to amend them later in the year due to unanticipated costs. The actual anticipated budget of expenditures is an increase of approximately 3% from the 2018-2019 school year. Most of the increase is due to a transfer of $200,000 to the Depreciation fund. Budget Overview

Expenditure Comparison 2018-2019 expenditures Salaries--$6,250,000 Benefits--$2,550,000 Purchased Services--$750,000 Supplies--$225,000 Capital Improv./Equipment--$300,000 Other--$250,000 Transfers--$175,000 TOTAL--$10,500,00 Expenditure Comparison 2019-2020 expenditures Salaries--$6,300,00 Benefits--$2,600,000 Purchased Services--$750,000 Supplies--$218,000 Capital Improv./Equipment--$300,000 Other--$250,000 Transfers--$400,000 TOTAL--$10,818,000 Percent Difference--3.03% Dollar Difference--$318,000

Revenue Comparison 2018-2019 Revenue 2019-2020 revenue Property Tax--$8,315,000 Other Local--$520,000 State Aid--$405,000 Other State--$680,000 Federal--$320,000 Other--$10,000 TOTAL--$10,250,000 Revenue Comparison 2019-2020 revenue Property Tax--$7,995,000 Other local--$475,000 State Aid--$751,776 Other State--$590,000 Federal--$480,000 Other--$10,000 TOTAL--$10,301,776

Two Budgets Built Together in Balance Staff Cash Flow Other Revenue Property Taxes State Aid Revenue Budget Expenditure Budget Supplies Operations Two Budgets Built Together in Balance

Other Funds TAXING FUNDS NON-TAXING FUNDS AND NEEDED RESOURCES Special Building Fund Receipts before Taxes--$1,256,648 Property Taxes--$510,352 Collection Fee--$5,155 TOTAL RESOURCES--$1,767,000 Bond Fund Receipts before Taxes--$760,100 Property Taxes--$700,000 Collection Fee--$7,071 TOTAL RESOURCES--$1,460,100 Other Funds NON-TAXING FUNDS AND NEEDED RESOURCES Depreciation Fund--$550,000 Employee Benefit Fund--$165,000 Activity Fund--$750,000 Student Fee Fund--$30,000 School Nutrition Fund--$650,000

Gothenburg Public Schools 2019-2020 Tax Request Hearing

Valuation Comparison 2018-2019 Valuations 2019-2020 Valuations Custer County--$101,707,552 Dawson County--$664,195,554 Lincoln County--$107,916,290 TOTAL--$873,819,396 Valuation Comparison 2019-2020 Valuations Custer County--$92,694,249 Dawson County--$685,191,908 Lincoln County--$108,011,067 TOTAL--$885,897,224 Percent Difference—1.38% Dollar Difference--$12,077,828

Tax Asking Comparison 2018-2019 Tax asking 2019-2020 tax asking General Fund--$8,398,990 Special Building Fund--$151,515 Bond Fund--$747,475 TOTAL--$9,297,979 Tax Asking Comparison 2019-2020 tax asking General Fund--$8,075,205 Special Building Fund--$515,507 Bond Fund--$707,071 TOTAL--$9,297,783 Dollar Difference— -$196

Tax Levy Information 2018-2019 Levy information General Fund—0.9611 Bond Fund—0.0855 Special Building Fund—0.0173 TOTAL LEVY—1.064 Tax Levy Information 2019-2020 levy information General Fund—0.9115 Bond Fund—0.0797 Special Building—0.0581 TOTAL LEVY—1.049

2019-2020 Budget’s Impact on Home and Land Owners Property Valuation / 100 x Levy = Tax Impact $100,000 / 100 x 1.049 = $1,049 $200,000 / 100 x. 1.049 = $2,098 $250,000 / 100 x 1.049 = $2,622.50 $300,000 / 100 x 1.049 = $3,147 $350,000 / 100 x 1.049 = $3,671.50 $400,000 / 100 x 1.049 = $4,196 $500,000 / 100 x 1.049 = $5,245 $1,000,000 / 100 x 1.049 = $10,490 2019-2020 Budget’s Impact on Home and Land Owners