1. Annual Budget Hearing September 12, 2011

2. Addresses classroom needs with additional elementary staffing Reduces overall staffing by 18 staff due to funding decreases Reduced funding of over $7 million in state aid/federal receipts Increase in levy by 1 cent due to increase in TERIP participation Total tax supported funds decrease of 29.23% Total valuation increase of 3.88% (operations) and 3.42% (bond) Overview

3. K-12 Enrollment

4. State Aid History YEAR AMOUNTCHANGE% 2002-2003 $9,942,400($511,519)(4.89%) 2003-2004 $9,626,949($315,451)(3.17%) 2004-2005 $9,483,556($143,393)(1.49%) 2005-2006 $9,962,176$478,6195.05% 2006-2007 $11,549,519$1,587,34315.93% 2007-2008 $12,996,218$1,446,69812.53% 2008-2009 $13,244,941$248,7231.91% 2009-2010 $12,530,075($714,866)(5.40%) 2010-2011 $14,905,662$2,375,58718.96% 2011-2012 $11,136,189($3,769,473) (25.29%)

5. 2011/12 Budget 2010-11 Budget 2011-12 Budget Percentage Change General Fund $53,317,691$49,401,318(7.35%) Building Fund $49,393,253$22,100,000(55.26%) Bond Fund $4,230,749$4,230,7500.0% Qualified Capital Fund $66,300$250(99.62%) Total Budget $107,008,483$75,732,318(29.23%)

6. 2011/12 General Fund Receipts 2010-11 Budget 2011-12 Budget Percentage Change Property Taxes $22,945,073$24,188,2065.42% Other Local $3,295,000$3,332,0001.12% County Receipts $600,000$670,00011.67% State Aid $14,905,662$11,136,189(25.29%) Other State $3,639,500$3,727,1422.41% State Programs $66,792$144,326116.08% Federal Programs $7,517,399$3,803,455(49.40%) Cash Reserve $348,265$2,400,000589.13% Totals $53,317,691$49,401,318(7.35%)

8. 2011/12 General Fund Object Expenses 2010-11 Budget 2011-12 Budget Percentage Change Salaries $37,347,114$33,862,364(9.57%) Fringe Benefits $7,728,044$7,838,1772.75% Purchased Services $2,822,225$3,121,14310.59% Supplies $4,087,067$3,539,941(13.39%) Capital Outlay $846,287$708,450(16.29%) Miscellaneous $486,955$331,244(31.98%) Totals $53,317,691$49,401,318(7.35%

9. 2011/12 General Fund Program Expens es 2010-11 Budget 2011-12 BudgetPercentage Change Regular Education$26,203,466$25,633,557(2.17%) Special Education$6,116,490$6,229,0331.84% Student Support$2,463,472$2,502,6841.59% Instructor Support$3,139,539$3,244,8363.35% General Administration$926,363$901,434(2.69%) Office of Principal$2,904,981$2,726,473(6.14%) Business Office$728,728$596,390(18.16%) Buildings and Grounds$4,332,713$4,316,232(.38%) Transportation$725,239$682,507(5.89%) Community Service$72,733$0(100.00%) State Programs$81,571$88,8098.87% Federal Programs$5,588,939$2,453,933(56.09%) Summer School$33,457$25,430(23.99%) Totals$53,317,691$49,401,318(7.35%)

11. 2011/12 Building Fund 2010-11 Budget 2011-12 Budget Percentage Change Property Taxes $2,840,882 0.00% Interest Income $12,000 0.00% Bond Proceeds $45,000,000$19,210,519(57.31%) Reserve $1,540,861$36,599(97.62%) Totals $49,393,743$22,100,000(55.26%) 2010-11 Budget 2011-12 Budget Percentage Change Maintenance Projects $4,383,253$1,358,000(69.02%) Bond Issue Projects $45,000,000$20,742,000(53.91%) Totals $49,383,253$22,100,000(55.26%)

12. 2011/12 Other Funds 2010-11 Budget 2011-12 Budget Percentage Change Bond Fund $4,230,749$4,230,7500.00% Depreciation Fund $550,000 0.00% Employee Benefit Fund $425,000$100,000(76.47%) Lunch Fund $2,150,000$2,236,0004.00% Activity Fund $1,500,000 0.00% Student Fee Fund $185,000 0.00% Cooperative Fund $600,000$615,0002.50%

13. 2011/12 Valuation KPS Valuation FY 11FY 12Change City/Rural$1,838,962,763$1,892,560,7362.91% Personal Property$64,301,629$78,409,55221.94% Central Assessed$51,769,488$50,940,071(1.60%) Total$1,955,033,880$2,021,910,3593.42% Affiliated Valuation City/Rural$2,038,455,890$2,107,573,9213.39% Personal Property$123,349,748$137,927,96111.82% Central Assessed$66,513,912$69,297,2974.18% Total$2,228,319,550$2,314,799,1793.88%

14. 2011/12 Tax Levy 2010-11 Budget 2011-12 Budget Percentage Change General Fund $1.040000$1.0538691.48% Building Fund $.128764$.123954(3.74%) Bond Fund – KPS $.044831$.05109513.97% Bond Fund – Affiliated $.121154$.114507(5.49%) Qualified Capital Fund $.00000.00% Total 1.3347501.34494.76%

16. Tax Request Hearing September 12, 2011

17. TAX REQUEST* Fund2010/20112011/2012Difference% General$23,174,523$24,430,088$1,255,5645.42% Special Building$2,869,291 $00% Bond$3,575,855$3,683,399$107,5453.01% Total$29,619,669$30,982,778$1,363,1094.60% *Includes collection & delinquent fee.