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2010-2011 Budget Adoption

Peninsula School District. 2010-2011 Budget Adoption. Board Meeting July 8, 2010. Slide 1. www.psd401.net. 2010-2011 Budget Adoption. Proposed Budgets – All Funds General Fund Capital Projects Fund Debt Service Fund Associated Student Body Fund Transportation Vehicle Fund. Slide 2.

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2010-2011 Budget Adoption

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  1. Peninsula School District 2010-2011 Budget Adoption Board Meeting July 8, 2010 Slide 1 www.psd401.net

  2. 2010-2011 Budget Adoption • Proposed Budgets – All Funds • General Fund • Capital Projects Fund • Debt Service Fund • Associated Student Body Fund • Transportation Vehicle Fund Here comes your footer  Page 2 Slide 2 www.psd401.net

  3. 2010-2011 Budget Adoption General Fund The General Fund is where the day-to-day operations of the district take place to educate our students. Budget Assumptions: • Projected Annual Average Student Enrollment - 8,726 • Budgeted Certificated Employees - 563.821 FTE • Budgeted Classified Employees - 323.449 FTE Here comes your footer  Page 3 Slide 3 www.psd401.net

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  8. General Fund Here comes your footer  Page 8 Slide 8 www.psd401.net

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  10. 2010-2011 Budget Adoption Capital Projects Fund The Capital Projects Fund is set aside for the acquisition and construction of major capital facilities. Budgeted Expenditures: • Roofing/Siding Project – Goodman MS • Energy Efficiency Projects – PHS, GHHS, KPMS,GMS, HHGTS • Expenditure Capacity – Community Transition Program (Only remaining project from 2003 Bonds) Here comes your footer  Page 10 Slide 10 www.psd401.net

  11. Capital Projects Fund Here comes your footer  Page 11 Slide 11 www.psd401.net

  12. 2010-2011 Budget Adoption Debt Service Fund The Debt Service Fund is used for the repayment of principal and interest on outstanding bonds. Budgeted Expenditures: • Outstanding Bonds Principal Payments - $ 6,060,000 • Outstanding Bonds Interest Payments - $ 1,514,629 • Transfer Fees for Debt Payments - $50,000 Here comes your footer  Page 12 Slide 12 www.psd401.net

  13. Debt Service Fund Here comes your footer  Page 13 Slide 13 www.psd401.net

  14. 2010-2011 Budget Adoption Associated Student Body Fund The Associated Student Body Fund is used for student run government activities outside of general instruction. Elementary Schools High Schools Middle Schools Key Peninsula Middle School Kopachuck Middle School Goodman Middle School Harbor Ridge Middle School Discovery Elementary School Minter Creek Elementary School Voyager Elementary School Peninsula High School Gig Harbor High School Henderson Bay High School Here comes your footer  Page 14 Slide 14 www.psd401.net

  15. Associated Student Body Fund Here comes your footer  Page 15 Slide 15 www.psd401.net

  16. Associated Student Body Fund • Budgeted Expenditures By School: • Peninsula HS - $442,244 • Gig Harbor HS - $826,400 • Henderson Bay HS - $75,050 • Subtotal HS’s = $1,343,694 66% • Key Peninsula MS - $220,700 • Kopachuck MS - $225,605 • Goodman MS - $58,178 • Harbor Ridge MS - $92,400 • Subtotal MS’s = $596,883 29% • Discovery Elem - $3,000 • Minter Creek Elem - $10,000 • Voyager Elem - $14,000 • Subtotal Elem’s = $27,000 1% • Contingency - $75,000 4% • Total Budgeted Expenditures = $2,042,577 Here comes your footer  Page 16 Slide 16 www.psd401.net

  17. 2010-2011 Budget Adoption Transportation Vehicle Fund The Transportation Vehicle Fund is used for purchasing new and used school buses. Budgeted Expenditures: • 3 Large Buses - $408,000 ($136,000 per Bus) • 3 Small Buses - $240,000 ($80,000 per Bus) Here comes your footer  Page 17 Slide 17 www.psd401.net

  18. Transportation Vehicle Fund Here comes your footer  Page 18 Slide 18 www.psd401.net

  19. 2010-2011 Budget Adoption Questions? • Conduct Public Hearing • Adopt Resolution 10 – 03 - Adoption of the 2010 – 2011 Budget & Levy Spending Plan Next Steps Here comes your footer  Page 19 Slide 19 www.psd401.net

  20. Resolution 10 – 03Adoption of the 2010-2011 Budget Here comes your footer  Page 20 Slide 20 www.psd401.net

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