1. Annual Budget Hearing September 11, 2017

2. Overview
$1.55 million State Aid Decrease. Lowest State Aid since
$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

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

4. K-12 Enrollment

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

6. 2017/18 Budget General Fund Building Fund Bond Fund Total Budget
Budget
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%)

7. 2017/18 General Fund Receipts
Budget
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%

9. 2017/18 General Fund Object Expenses
Budget
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%

10. 2017/18 General Fund Program Expenses
Budget
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

12. 2017/18 Other Funds Depreciation Fund Employee Benefit Fund Lunch Fund
Budget
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%

13. 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

14. 2017/18 Tax Levy General Fund Building Fund 2009 Bond Fund
Budget
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%

15. Questions?

16. Tax Request Hearing September 11, 2017

17. 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.

18. Questions?