1 / 7

Richmond School District Budget Hearing

The Richmond School District's budget highlights include a decrease in the property tax levy and overall operational budget. The district is debt-free and renovations are funded through the balance. Facilities improvements such as safety upgrades, instructional improvements, and maintenance have been made. The property tax levy has decreased to its lowest mill rate in 20 years. The budget also outlines the revenue sources and expenditures.

dorothyb
Download Presentation

Richmond School District Budget Hearing

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Richmond School District Budget Hearing August 20, 2018

  2. Budget Highlights • Total property tax levy down again: • $3,018,302 (2016-2017) • $2,856,588(2017-2018) • $2,623,787 (2018-2019) • Richmond School is entirely debt-free • All renovations paid for with fund balance ($1.8 million)

  3. Budget Highlights • Overall operationalbudget is down • $5,658,398 (2016-2017) No Fund Balance Draw • $5,434,958 (2017-2018) No Fund Balance Draw • $5,342,842 (2018-2019) Projected $670,488 Fund Balance Draw • Reflects declining enrollment • $670,488 of fund balance used for safety, instructional improvements, and maintenance

  4. Budget Highlights • Facilities Improvements • Safety Upgrades (new exterior door security, intercom, video entrance, panic buttons, security cameras-DOJ grant) • Instructional Improvements (flexible learning spaces K-5, 4 fully remodeled classes) • Maintenance (carpeting, ceiling tiles, bathrooms, painting)

  5. Property Tax Levy • LOWEST MILL RATE IN 20 YEARS • $7.78/1000 (2016-2017) • $7.16/1000 (2017-2018) • $6.62/1000 (2018-2019) conservatively projected 0% increase on EVA

  6. General Fund Revenue Sources FUND 10 • Tax levy, Student Revenue, Other Local • $2,702,987 (50.5%) • State, Open Enrollment • $2,634,658 (49.22%) • Federal • $14,697 (0.27%)

  7. General Fund Expenditures FUND 10 Instruction: $2,618,065 (43.5%) Support Services: $2,731,196 (45.3%) SpEd Cost From Gen Fund: $410,578 (6.8%) Non-Program: $262,991 (4.4%)

More Related