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2012-2013 Budget

2012-2013 Budget. 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

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2012-2013 Budget

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  1. 2012-2013Budget

  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 12-13 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 12-13 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 = $ 1.5082 ($.029 increase over 11-12 Rate) Total dollars = $2,319.99 ($42.94 increase over 11-12 for the average home assessed at $153,822) Debt Service Tax Levy 12-13 Rate = $.1792 ($.021 increase over 10-11 Rate) Total dollars = $275.59 ($31.45 increase over 11-12 for the average home assessed at $153,822)

  9. Questions?

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