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GOTHENBURG PUBLIC SCHOOLS DAWSON CO. DISTRICT # 20

GOTHENBURG PUBLIC SCHOOLS DAWSON CO. DISTRICT # 20. Budget Hearing Sept. 12, 2011. General Fund. The “Budget ” ($9,131,600 expenditures) Disbursements/Transfers- $10,305,826 Salaries and Benefits - $ 7,154,154 Supplies, Equipment, Capital - $ 734,500

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GOTHENBURG PUBLIC SCHOOLS DAWSON CO. DISTRICT # 20

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  1. GOTHENBURG PUBLIC SCHOOLSDAWSON CO. DISTRICT # 20 Budget Hearing Sept. 12, 2011

  2. General Fund • The “Budget” ($9,131,600 expenditures) • Disbursements/Transfers- $10,305,826 • Salaries and Benefits - $7,154,154 • Supplies, Equipment, Capital - $734,500 • Purchased Services and Other - $927,946 • Transfers - $315,000 • Future Budget Authority - $1,174,226 • Cash Reserve - $500,000Property Tax Requirement - $4,581,818 • Valuation - $484,766,851 • Projected Levy . $.9451 per $100 valuation

  3. Special Building Fund Facilities improvement or acquisition Budget of Expenditures - $400,000 Property Tax Requirement - $202,000

  4. Depreciation Fund Sub-fund of General Fund Spread out costs of items such as busses, roof replacement, computers, etc. Budget of Expenditures - $850,000 Non-taxing fund. Primary resource is from General Fund transfers.

  5. School Lunch Fund • Nutrition Program • Budget of Expenditures - $535,500 • Salaries and Benefits - $185,500 • Cost of Food - $250,000 • Supplies, Equipment, Repairs - $20,000 • Reserve authority - $80,000 • Revenue • Sale of Meals - $200,000 • Fed/State Reimbursement - $255,000 • Can be subsidized by General Fund.

  6. Employee Benefit Fund Unemployment, early retirement, association dues deductions, etc. Budget of Expenditures - $240,000 Association dues are deducted from salaries and paid from this fund. No early retirement at this point. Non-taxing fund. Primary resource is from General Fund transfers.

  7. Activity Fund Quasi-independent student organizations. Budget of Expenditures - $500,000 Annual transfer from General Fund - $15,000 for general activities. Non-taxing fund.

  8. Bond Fund Retirement of Bonds for 2004 building project. Budget of Expenditures include 3 payments due to timing of fiscal year. Actual payment $809,000 for 2012 calendar year. $8,885,000 left on the Bonds Last payment will be in 2024

  9. Student Fees Fund Monies collected from students is distributed to programs at the end of the year. Budget of Expenditures - $30,000

  10. Resolution 9-12-11-1 Resolution to adopt the budget as presented will be considered during regular meeting.

  11. GOTHENBURG PUBLIC SCHOOLSDAWSON CO. DISTRICT # 20 Thank You!

  12. GOTHENBURG PUBLIC SCHOOLSDAWSON CO. DISTRICT # 20 Tax Request Hearing Sept. 12, 2011

  13. General Fund Tax Request Tax Request - $4,581,360 Valuation - $484,766,851 Projected Tax Levy - $.945 per $100 valuation. Minimum levy penalty assessed if levy is below $.945 (Gen Fund Only) Maximum is $1.05 per $100 valuation. (Gen Fund and Building Fund, $306,692is available but not accessed.)

  14. Spec. Building Fund Tax Request Tax Request - $202,000 Valuation - $484,766,851 Projected Levy - $.0417 per $100 val. Estimated balance - $150,000 Total levy applied to $1.05 limit is $.9867 per $100 valuation (Gen + Building)

  15. Bond Fund Tax Request • Tax Requests • K-8 Bond - $302,323 • Valuation - $296,860,098 • Projected Levy - $.1018 • 9-12 Bond - $514,767 • Valuation - $484,766,851 • Projected Levy - $.1062 • Total Bond Levy - $.2080

  16. Total Tax Request General Fund $.9451 $4,581,360 Building Fund $.0417 $202,000 Bond Fund $.2080 $817,090 Total $1.1948 $5,600,450

  17. Resolution 9-12-11-2 Resolution to set the tax request for the General Fund, Special Building Fund, Affiliated Bond, and District #20 Bond as presented will be considered during regular meeting.

  18. GOTHENBURG PUBLIC SCHOOLSDAWSON CO. DISTRICT # 20 Thank You!

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