1. Gothenburg Public Schools
Budget Hearing

2. The 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 school year. Most of the increase is due to a transfer of $200,000 to the Depreciation fund.
Budget Overview

3. Expenditure Comparison
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
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, Percent Difference--3.03%
Dollar Difference--$318,000

4. 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
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

5. 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

6. 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

8. Gothenburg Public Schools
Tax Request Hearing

9. 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
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

10. 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
tax asking
General Fund--$8,075,205
Special Building Fund--$515,507
Bond Fund--$707,071
TOTAL--$9,297,783 Dollar Difference— -$196

11. 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
levy information
General Fund—0.9115
Bond Fund—0.0797
Special Building—0.0581
TOTAL LEVY—1.049

12. 2019-2020 Budget’s Impact on Home and Land Owners
Property Valuation / 100 x Levy = Tax Impact
$100,000 / 100 x = $1,049
$200,000 / 100 x = $2,098
$250,000 / 100 x = $2,622.50
$300,000 / 100 x = $3,147
$350,000 / 100 x = $3,671.50
$400,000 / 100 x = $4,196
$500,000 / 100 x = $5,245
$1,000,000 / 100 x = $10,490
Budget’s Impact on Home and Land Owners