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Financial Update and Budget Overview for 2013-2014

Review of financial changes including decreased State Aid, increased TRS and ERS contributions, rising health insurance costs, possible Title Grant loss, and tax levy impact. Details the budget components for adoption on April 22, 2013.

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Financial Update and Budget Overview for 2013-2014

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Presentation Transcript

  1. Thank you for coming!

  2. Assumptions State Aid has decreased over the past 2 years a total of $850,410. TRS and ERS are increasing. TRS from 11.84 to 16.25%. ERS from 18.9% to 20.9% This is $172,938 increase to our TRS dollars & $27,624 increase to ERS dollars Health insurance costs will increase. Approximately 9.5% This is approximately $146,000 increase Possible loss in Title Grants due to the Budget Control Act of 2011close to $25,000.

  3. 2013-2014 Tax Levy Calculation

  4. Tax Levy Impact The estimated tax increase to the average household with an equalized assessment of $100,000 of property value would be less than $100.

  5. 10 Year Comparison

  6. Summarize the 2013-2014Budget Components

  7. Capital DRAFT DRAFT

  8. Administration DRAFT

  9. Program

  10. DRAFT DRAFT DRAFT

  11. Our Budget Adoption is April 22, 2013

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