Annual Budget Hearing September 12, 2011

Addresses classroom needs with additional elementary staffing Reduces overall staffing by 18 staff due to funding decreases Reduced funding of over $7 million in state aid/federal receipts Increase in levy by 1 cent due to increase in TERIP participation Total tax supported funds decrease of 29.23% Total valuation increase of 3.88% (operations) and 3.42% (bond) Overview

K-12 Enrollment

State Aid History YEAR AMOUNTCHANGE% $9,942,400($511,519)(4.89%) $9,626,949($315,451)(3.17%) $9,483,556($143,393)(1.49%) $9,962,176$478, % $11,549,519$1,587, % $12,996,218$1,446, % $13,244,941$248, % $12,530,075($714,866)(5.40%) $14,905,662$2,375, % $11,136,189($3,769,473) (25.29%)

2011/12 Budget Budget Budget Percentage Change General Fund $53,317,691$49,401,318(7.35%) Building Fund $49,393,253$22,100,000(55.26%) Bond Fund $4,230,749$4,230,7500.0% Qualified Capital Fund $66,300$250(99.62%) Total Budget $107,008,483$75,732,318(29.23%)

2011/12 General Fund Receipts Budget Budget Percentage Change Property Taxes $22,945,073$24,188, % Other Local $3,295,000$3,332, % County Receipts $600,000$670, % State Aid $14,905,662$11,136,189(25.29%) Other State $3,639,500$3,727, % State Programs $66,792$144, % Federal Programs $7,517,399$3,803,455(49.40%) Cash Reserve $348,265$2,400, % Totals $53,317,691$49,401,318(7.35%)

2011/12 General Fund Object Expenses Budget Budget Percentage Change Salaries $37,347,114$33,862,364(9.57%) Fringe Benefits $7,728,044$7,838, % Purchased Services $2,822,225$3,121, % Supplies $4,087,067$3,539,941(13.39%) Capital Outlay $846,287$708,450(16.29%) Miscellaneous $486,955$331,244(31.98%) Totals $53,317,691$49,401,318(7.35%

2011/12 General Fund Program Expens es Budget BudgetPercentage Change Regular Education$26,203,466$25,633,557(2.17%) Special Education$6,116,490$6,229, % Student Support$2,463,472$2,502, % Instructor Support$3,139,539$3,244, % General Administration$926,363$901,434(2.69%) Office of Principal$2,904,981$2,726,473(6.14%) Business Office$728,728$596,390(18.16%) Buildings and Grounds$4,332,713$4,316,232(.38%) Transportation$725,239$682,507(5.89%) Community Service$72,733$0(100.00%) State Programs$81,571$88, % Federal Programs$5,588,939$2,453,933(56.09%) Summer School$33,457$25,430(23.99%) Totals$53,317,691$49,401,318(7.35%)

2011/12 Building Fund Budget Budget Percentage Change Property Taxes $2,840, % Interest Income $12, % Bond Proceeds $45,000,000$19,210,519(57.31%) Reserve $1,540,861$36,599(97.62%) Totals $49,393,743$22,100,000(55.26%) Budget Budget Percentage Change Maintenance Projects $4,383,253$1,358,000(69.02%) Bond Issue Projects $45,000,000$20,742,000(53.91%) Totals $49,383,253$22,100,000(55.26%)

2011/12 Other Funds Budget Budget Percentage Change Bond Fund $4,230,749$4,230, % Depreciation Fund $550, % Employee Benefit Fund $425,000$100,000(76.47%) Lunch Fund $2,150,000$2,236, % Activity Fund $1,500, % Student Fee Fund $185, % Cooperative Fund $600,000$615, %

2011/12 Valuation KPS Valuation FY 11FY 12Change City/Rural$1,838,962,763$1,892,560, % Personal Property$64,301,629$78,409, % Central Assessed$51,769,488$50,940,071(1.60%) Total$1,955,033,880$2,021,910, % Affiliated Valuation City/Rural$2,038,455,890$2,107,573, % Personal Property$123,349,748$137,927, % Central Assessed$66,513,912$69,297, % Total$2,228,319,550$2,314,799, %

2011/12 Tax Levy Budget Budget Percentage Change General Fund $ $ % Building Fund $ $ (3.74%) Bond Fund – KPS $ $ % Bond Fund – Affiliated $ $ (5.49%) Qualified Capital Fund $ % Total %

Tax Request Hearing September 12, 2011

TAX REQUEST* Fund2010/ /2012Difference% General$23,174,523$24,430,088$1,255, % Special Building$2,869,291 $00% Bond$3,575,855$3,683,399$107, % Total$29,619,669$30,982,778$1,363, % *Includes collection & delinquent fee.