1. Budget

2. 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 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 is $ 75 less than what the state allows, and $261 less than the Regional Threshold

3. 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)

4. 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)

5. Proposed Revenues

6. 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

7. Proposed Expenditures

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

9. Questions?