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CY2013 BUDGET PRESENTATION

CY2013 BUDGET PRESENTATION. September 18, 2012. PROPOSED 2013 BUDGET TO 2012 ACTUAL. HISTORY OF BUDGETS, RATES, ASSESSED VALUE, TAX LEVIES AND TAX CAPS. Basic Grant $64,461,626 State Government $ 1,980,600 Local Government $ 420,000 Federal Government $ 485,000

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CY2013 BUDGET PRESENTATION

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  1. CY2013 BUDGET PRESENTATION September 18, 2012

  2. PROPOSED 2013 BUDGET TO 2012 ACTUAL

  3. HISTORY OF BUDGETS, RATES, ASSESSED VALUE, TAX LEVIES AND TAX CAPS

  4. Basic Grant $64,461,626 • State Government $ 1,980,600 • Local Government $ 420,000 • Federal Government $ 485,000 • Sale of Property $ 187,500 • GENERAL FUND REVENUE $67,534,726 GENERAL FUND EXPENDITURES 2013 • Salaries $50,404,788 • Fringe Benefits $14,401,698 • Transfer Tuition $ 1,960,000 • Contracted Services $ 1,139,216 • Utilities & Insurance $ 588,290 • Supplies/Other $ 1,730,693 • GENERAL FUND EXPENDITURES $70,224,685 • SHORTAGE($2,689,959) GENERAL FUND REVENUE 2013

  5. DEBT SERVICE FUND

  6. RETIREMENT/SEVERANCE FUND

  7. CAPITAL PROJECTS FUND

  8. TRANSPORTATION OPERATING FUND TRANSPORTATION REVENUE

  9. TRANSPORTATION BUS REPLACEMENT

  10. GENERAL FUND SALARIES AND BENEFITS 92.40%* 91.56%

  11. ENROLLMENT HISTORY

  12. TEACHING STAFF

  13. APPEALS Transportation Operating Fund • Fuel $ 62,450 • New Routes $107,660 • Total Appeals $170,110

  14. RAINY DAY FUND

  15. TAX RATE COMPARISON VS. EXPECTED

  16. TAX LEVY COMPARISON VS. EXPECTED

  17. C O N C E R N S  Health Insurance Increases  Declining Enrollment  PERF Increase 1-1-13 to 13%  Tax Caps  Declining Assessed Value  Declining Rainy Day Fund in 2012 will be eliminated in 2013  Long Term Natural Gas Contracts to 2016  Impact Aid Declining  Never Replaced General Fund Dollars Lost in 2009 - $3.3 million  State Law – Must Have a Balanced Budget

  18. Next steps  PRESENT A PLAN TO REDUCE EXPENDITURES  PRESENT A PLAN TO INCREASE REVENUES

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