BETHEL SCHOOL DISTRICT FY Budget Public Hearing 7/28/15 1

Transportation Vehicle Fund 2

Transportation Vehicle Fund Significant Changes 3  Budget allows for purchase of approximately 19 buses  9 small approximately $60K each  10 regular approximately $100K each (or 9 propane approximately $120K each)  Budget matches revenue with small contingency

Capital Projects Fund 4

Capital Projects Fund Significant Changes 5  Technology levy  Est $4.4 million collected from $4.5 million levy  Declining state funding  Eligible projects completing  Decreased investment earnings  No more bond sales until new authorization

Capital Projects Fund List of Projects 6

Debt Service Fund 7

Debt Service Fund Significant Changes 8  Flat estimated tax rate ($1.87/thousand)  Assumed Assessed Value increase 3%

Associated Student Body 9

Associated Student Body Significant Changes 10  The ASB Fund budget is comprised of individual budgets by school for the extracurricular benefit of the students.  Clubs and activities can only spend funds on hand.

General Fund 11

General Fund Significant Changes (Revenues) 12  Increased M&O levy  First full year of increased levy of $8.4 million  Increased state apportionment  $14.0 million due to increased MSOCs, funding factors  Increased special education funding  $1.5 million due to increased MSOCs, funding factors  Increased federal funding  $1.0 million Dept of Defense grant

General Fund Significant Changes (Expenditures) 13  Increased regular instruction  Added certificated staff  Salary and benefit increases  Curriculum adoption  Increased other instructional  Salary and benefit increases  Increased special services  Increased administration  Salary and benefit increases  Elementary AAs, Assist Principals  Increased support services  Salary and benefit increases  Increased HR, warehouse, technology staff  Increased insurance, utilities

General Fund Changes from 6/23/15 preliminary 14

General Fund Significant Changes (from 6/23/15) 15  Increase in apportionment  Additional state ADK schools (all except Elk Plain)  Increased health care allocation ($780 from $768)  Funding for reduced K-3 class sizes  Increase in regular instruction  Added elementary teachers to reduce class size  Increased health care contributions  Increase in other instruction  Increased health care contributions

General Fund Ending Fund Balance 16

Ending Fund Balance Significant Changes 17  $1.6 million increase of Restricted Balance  Art Crate field contribution transferred to CPF  Added laptop lease liability, comp absences liability  $0.9 million increase of Assigned Balance  $0.7 million budgeted school carryover funds  $0.2 million increase budgeted curriculum adoption  Ending fund balance at 7.6% of expenditures