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Laurel Public Schools

Laurel Public Schools. Welcome to our first of three Community Programs on understanding School Funding. Tim Bronk Superintendent February 4, 2014. W ho is Laurel School District ?. Elementary School District South School - Kindergarten West School - Grades 1 & 2

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Laurel Public Schools

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  1. Laurel Public Schools Welcome to our first of three Community Programs on understanding School Funding. Tim Bronk Superintendent February 4, 2014

  2. Who is Laurel School District ?

  3. Elementary School District • South School - Kindergarten • West School - Grades 1 & 2 • Graff School - Grades 3 & 4 • Middle School - Grades 5, 6, 7, 8 • High School District • High School - Grades 9, 10, 11, 12

  4. Elementary Enrollment #’s K - 147 1 - 160 2 - 170 3 - 173 4 - 136 5 - 153 6 - 152 7 - 171 8 - 132 Total 1,394

  5. High School Enrollment #’s • 9 - 180 • 10 - 161 • 11 - 155 • 12 - 150 • Total 646 Combined Total Enrollment 2,040 students

  6. Staffing Administration - 13 Certified - 134 Classified -115 Coaches/Subs & Students - 136 Total -398 (As of 4th Quarter of 2013)

  7. Transportation Route Buses - 11 Activity Buses - 3 Spare Buses - 6 Route miles/day - 672

  8. Facilities • South School - 15,880 sq. ft. • West School - 41,041 sq. ft. • Graff School - 32,565 sq. ft. • Middle School - 97,000 sq. ft. • High School - 159,777 sq. ft. • Stadium - 18,000 sq. ft. • Administration - 65,688 sq. ft. • Total - 429,951 sq. ft. • Real Estate - 45+ Acres

  9. Geographic Size of District Approximately 165 Square miles

  10. The Basics of School Funding Revenue Sources and Explanation of Fund Accounts Donnie McVee Business Manager February 4, 2014

  11. Types of Funds • Budgeted and Non-budgeted • Budgeted funds require a budget to expend and are limited to the amount of the budget adopted by the Board of Trustees. • Non-budgeted funds do not require a budget to expend and are limited to the cash balance of the fund.

  12. Types of Funds • Budgeted: • General • Transportation • Bus Depreciation • Tuition • Retirement • Adult Education • Technology • Flexibility • Building Reserve • Debt Service

  13. Budgeted Funds • General Fund • PURPOSE—This fund is used for the instructional programs and general operations of the school district. Budget Limits are established per MCA 20-9-308. • VOTING REQUIREMENTS—Voter approval is necessary for a district to increase Over-BASE taxes from the prior year (MCA 20-9-308 and 20-9-353).

  14. Budgeted Funds • Transportation Fund PURPOSE—The transportation fund can be used to support the costs of transporting students between home and school. Costs of field trips, travel costs related to extracurricular activities and athletics, and staff travel costs are NOT ALLOWABLE costs of the fund. VOTING REQUIREMENTS—The transportation fund tax levy is permissive. Consequently, it is not subject to voter approval.

  15. Budgeted Funds • Bus Depreciation Fund PURPOSE – The purpose of the bus depreciation fund is to finance the replacement of buses owned by a school district. Funds may be used to replace route buses or activity buses and to purchase additional yellow buses for routes but NOT additional activity buses. The revenues come from a permissive levy limited annually to 20% of the cost of each bus.

  16. Budgeted Funds • Tuition Fund PURPOSE – The purpose of the tuition fund is to finance tuition costs for elementary and high school district pupils attending schools or detention centers outside their district. The revenues come from a permissive tax levy.

  17. Budgeted Funds PURPOSE - The Retirement Fund is used to pay the school district’s share of specific employer contributions, including social security and Medicare taxes, Teacher’s Retirement System (TRS) and Public Employees Retirement System (PERS) contributions, and unemployment insurance. It is funded by countywide permissive retirement levy. Retirement Fund

  18. Budgeted Funds PURPOSE—A district that operates an adult education program must use this fund. Taxes levied for support of the adult education program and student fees for adult education are deposited in this fund pursuant to MCA 20-7-705. VOTING REQUIREMENTS—Tax levies are permissive. No voter approval is required for this fund. Adult Education Fund

  19. Budgeted Funds PURPOSE - The Technology Fund is used for the purchase, rental, repair and maintenance of technology equipment and computer network access. It is funded by state technology grant, school block grant and a district tax levy. Technology Fund

  20. Budgeted Funds PURPOSE—This fund was created by legislative action in 2001. Its intent was to provide schools one-time only source of funding which could be used for its own unique circumstances. This fund is used for technology, facility expansion, student assessment and evaluation, curriculum development and other types of expenditures as described in MCA 20-9-543. Flexibility Fund

  21. Budgeted Funds PURPOSE—This fund accumulates funding for the future construction, and equipping or enlarging of school buildings, or for the purpose of purchasing land needed for school purposes, on authority of a voted levy. MCA 20-9-502 LEVY LIMITS AND VOTING REQUIREMENTS—Tax levies are limited by the building reserve election to the total authorized by the vote, divided by the numbers of years authorized.A building reserve tax authorization may not exceed 20 years for most purposes. Building Reserve Fund

  22. Budgeted Funds • Debt Service Fund • PURPOSE—This fund is used to pay debt service payments for principal and interest on bonds or Special Improvement Districts (SIDs/RIDs). The expenditure budget of the fund should include both principal and interest payments due on bonds for each fiscal year of the bond term. • Middle School Building Bond 20 year bond • High School and Stadium Bond 20 year bond • High School Roof Bond 10 year bond

  23. Types of Funds • Non-budgeted • School Food Service • Miscellaneous Programs • Traffic Education • Lease/Rental • Compensated Absences • Building Fund • Student Activities

  24. General Fund • State Components of General Fund Revenues: • Direct State Aid • Basic Entitlements • Per ANB allocations • Quality Educator • At Risk Student • Indian Education For All • American Indian Achievement Gap • Data for Achievement • Special Education Allowable Costs • Guaranteed Tax Base

  25. General Fund • Base Budget – 80% • Maximum Budget – 100% • Adopted Budget • Over base budget revenue comes from local taxes previously approved and newly voted.

  26. Basic Structure of the General Fund

  27. Resources • Understanding Montana School Finance and School District Budgets 2013

  28. Questions

  29. Thank You Please contact us with questions Tim Bronk, Superintendent 406-628-3356 Donnie McVee, Business Manager 406-628-3354

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