1. New Facility Funding

2. The Rules: The Good News The state allows kids to be counted as an additional.25 of a student for two years if the student attends in a new facility If we did so, we would be able to claim about 68 students (this year’s numbers) at $4,433 per student (2008-2009 base aid) Could also count students in Vo. Ag. classes The total would be about $300,000 per year.

3. The Rules: The Bad News In order to be eligible, a school district must have a Local Option Budget (local property taxes) equal to 25% of its General Fund Budget (state funding). The maximum LOB is 31% Our LOB is 15.6% That would mean a property tax increase for two years

5. Other Rules The official count of students occurs on September 20 th. If we aren’t sure we’ll be in the building by then, we would have to wait until the 2009-2010 school year. Whenever we start, we only have two years to get New Facility Funding. Therefore, funding couldn’t be used for continual expenses (like salaries).

6. How Much Would it Cost? The exact mill increase is difficult to determine because we don’t know what our General Fund will be, how much property values will increase, etc… Our best guess is it would cost about six mills. A mill is $1 dollar of tax for every $1,000 of assessed property value All revenues are estimated All tax costs are estimated All spending costs are rounded and estimated

7. The Annual Impact of a Six Mill Increase (estimated) *For farm land, we used 2006 estimate for three mills, doubled that, and added 20% for property value increases $100,000 Home: $69 $100,000 Commercial: $150 160 Acres Dryland Farm: $67.22 160 Acres Native Grass: $25.22

8. How Does Our LOB Compare to Nearby Districts?: 2007 LOB % of General Fund Riley County: 27.3% Manhattan: 24.6% Wamego: 24.8% Vermillion: 26.1% Kaw Valley: 30% Onaga: 20.4% Mill Creek: 21.4% Silver Lake: 30% Blue Valley: 21.7% Rock Creek: 15.6%

9. How Does Our LOB/Capital Outlay Mill Levy Compare to Nearby Districts? Riley County: 20 Manhattan: 16 Wamego: 19 Kaw Valley: 14 Vermillion: 15 Onaga: 24 Mill Creek: 22 Silver Lake: 23 Blue Valley: 21 Rock Creek: 10

10. How Much Will We Gain Over the Two-Year Period? Local Contribution to LOB increase: $590,000 General Fund Increase for New Facility Weighting: $600,000 State aid for LOB increase: $790,000

11. How Much Will We Gain Over the Two-Year Period? Total Local Contribution: $590,000 Total State Contribution: $1,390,000 Two Year Grand Total: $1,980,000 Rate of return on local taxes: 235%

13. Spending Plan What should we spend the money on? Things that aren’t necessary yet but will need to be done at some point WES Renovations, Transportation, Technology Transportation and Technology items allow us to catch up on or get ahead of future needs

14. Spending Plan: Renovations to WES Central air for older part of the building: $255,000 Replace windows: $182,500 Other Upgrades/Renovations (next Slide): $79,500 Total WES Renovation Costs: $517,000

15. Spending Plan: Renovations to WES Insulate Gym Paint Gym Gym Exhaust Fan Replace Gym Windows Replace Damaged Exterior Wall Panels Update Exit Signs/Emergency Lights Clean and Paint Roof Corbels

16. Spending Plan: Transportation Replace 3 Buses: $210,000 Replace 3 Vans: $70,000 Driver’s Ed. Car: $20,000 Total Transportation: $300,000

17. Spending Plan: Technology in the Classroom Three Wireless Mobile Computer Labs: $110,000 Twenty Ceiling-Mounted Computer Projectors: $50,000 Total Technology: $160,000

18. Spending Plan Grand Total of Expenditures: $977,000 Amount remaining: $1,003,000 The BOE reserves the right to change spending plans based on circumstances

19. Potential Uses for Remaining Funds Capital Outlay Fund for future building additions Contingency Reserve Fund for increased expenditures (i.e. insurance, utilities) at new SGE Baseball/Softball Fields Grounds renovations (i.e. resurfacing RC parking lot, etc…) Upgraded Alternatives to new SGE or vocational building Unknown budget restraints call for flexibility in regard to spending forecasts The BOE and administration will continue to assess our facility needs and budget priorities

20. The Process The BOE would like public comments (note cards) The BOE will discuss the issue over the next few months The BOE will decide in the spring