Annual Budget Hearing September 11, 2017

Overview $1.55 million State Aid Decrease. Lowest State Aid since 1997-98 $318,000 Revenue losses: Federal, Preschool, Sped & County Fines $1.0 million in budget reductions in the operational budget Cash Reserve of $132,693 needed to fund budget Total valuation increase of 5.05% $858,839 Debt Service Increase 1.5 FTE teacher positions added Tax levy from $1.20 to $1.21

Levy History YEAR 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 AMOUNT CHANGE 2009-2010 $1.35 2010-2011 1.33 (.02) 2011-2012 1.34 .01 2012-2013 .00 2013-2014 1.32 2014-2015 1.29 (.03) 2015-2016 1.22 (.07) 2016-2017 1.20 2017-2018 1.21

K-12 Enrollment

State Aid History YEAR 2008-2009 2009-2010 2010-2011 2011-2012 AMOUNT CHANGE % 2008-2009 $13,244,941 $248,723 1.91% 2009-2010 $12,530,075 ($714,866) (5.40%) 2010-2011 $14,905,662 $2,375,587 18.96% 2011-2012 $11,136,189 ($3,769,473) (25.29%) 2012-2013 $12,425,651 $1,289,462 11.58% 2013-2014 $13,380,902 $955,250 7.69% 2014-2015 $11,927,040 ($1,453,862) (10.87%) 2015-2016 $10,680,479 ($1,246,561) (10.45%) 2016-2017 $9,453,347 ($1,227,132) (11.49%) 2017-2018 $7,897,369 ($1,555,978) (16.46%)

2017/18 Budget General Fund Building Fund Bond Fund Total Budget 2016-17 Budget 2017-18 Percentage Change General Fund $56,032,755 $56,547,000 .92% Building Fund $30,000,000 $20,000,000 (33.33%) Bond Fund $7,049,465 $7,908,304 12.18% Total Budget $93,082,220 $84,455,304 (9.27%)

2017/18 General Fund Receipts 2016-17 Budget 2017-18 Percentage Change Property Taxes $34,704,232 $36,306,124 4.62% Other Local $4,164,000 $4,628,600 11.16% County Receipts $530,000 $500,000 (5.66%) State Aid $9,453,347 $7,897,369 (16.46%) Other State $4,129,000 $4,119,798 (.24%) State Programs $717,179 $669,490 (6.65%) Federal Programs $2,334,997 $2,292,926 (1.80%) Cash Reserve $0 $132,693 100.00% Totals $56,032,755 $56,547,000 .92%

2017/18 General Fund Object Expenses 2016-17 Budget 2017-18 Percentage Change Salaries $38,771,825 $39,577,304 2.08% Fringe Benefits $8,744,375 $8,623,080 (1.39%) Purchased Services $3,485,547 $3,466,394 (.55%) Supplies $3,383,305 $3,443,972 1.79% Capital Outlay $1,339,725 $1,129,075 (15.72%) Miscellaneous $307,978 $307,175 (.26%) Totals $56,032,755 $56,547,000 .92%

2017/18 General Fund Program Expenses 2016-17 Budget 2017-18 Percentage Change Regular Education $27,884,017 $28,748,033 3.10% Special Education $6,857,145 $6,691,319 (2.42%) Student Support $2,788,646 $2,941,016 5.46% Instructor Support $3,705,770 $3,721,624 .43% General Administration $1,095,527 $1,105,659 .92% Office of Principal $3,400,057 $3,348,424 (1.52%) Business Office $665,105 $651,519 (2.04%) Buildings and Grounds $5,713,922 $5,591,969 (2.13%) Transportation $719,079 $702,779 (2.27%) State Programs $747,477 $755,274 1.04% Federal Programs $2,447,010 $2,281,434 (6.67%) Summer School $9,000 $7,950 (11.67%) Totals $56,032,755 $56,547,000

2017/18 Other Funds Depreciation Fund Employee Benefit Fund Lunch Fund 2016-17 Budget 2017-18 Percentage Change Depreciation Fund $550,000 0.00% Employee Benefit Fund $100,000 Lunch Fund $3,075,000 $3,170,000 3.09% Activity Fund $2,490,000 $2,565,000 3.01% Student Fee Fund $155,000 Cooperative Fund $625,000 $650,000 4.00%

2017/18 Valuation 2009 Bond Valuation FY 17 FY 18 Change City/Rural $3,236,605,663 $3,407,101,800 5.27% Personal Property $166,634,458 $170,983,205 2.61% Central Assessed $92,415,621 $94,193,915 1.92% Total $3,495,655,742 $3,672,278,920 5.05% 2013 Bond Valuation $3,236,934,564 $3,407,439,150 $3,495,984,643 $3,672,616,270

2017/18 Tax Levy General Fund Building Fund 2009 Bond Fund 2016-17 Budget 2017-18 Percentage Change General Fund $1.0027 $.9985 (.42%) Building Fund $.0115 $.0110 (4.51%) 2009 Bond Fund $.0881 $.0845 (4.10%) 2013 Bond Fund $.0977 $.1160 18.73% Total 1.2000 1.2100 0.83%

Questions?

Tax Request Hearing September 11, 2017

TAX REQUEST* Fund 2016/2017 2017/2018 Difference % General $35,054,745 $36,672,852 $1,618,107 4.62% Special Building $402,739 $404,040 $1,301 .32% Bond $6,494,002 $7,361,524 $867,522 13.36% Total $41,951,486 $44,438,416 $2,486,930 5.93% *Includes collection & delinquent fee.

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