1 / 20

CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION

CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION. PUBLIC HEARING on the 2008 BUDGET August 21, 2007. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION Important Upcoming Dates. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION. There are 7 separate funds that make up the school corporation budget:.

kaoru
Download Presentation

CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION

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. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION PUBLIC HEARING on the 2008 BUDGET August 21, 2007

  2. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATIONImportant Upcoming Dates

  3. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION There are 7 separate funds that make up the school corporation budget: DEBT SERVICE FUND Used for all payments of debt incurred by the corporation GENERAL FUND Used for controlling most of the operating expenses: salaries, fringe benefits, supplies, utilities & insurance PENSION DEBT FUND Used for payment of pension debt incurred by the corporation TRANS. OPERATING FUND Used for operating expenses of transporting children to and from school and school events TRANS. BUS REPL. FUND Used for purchase of school buses. CAPITAL PROJECTS FUND Used for purchase & maintenance of equipment; construction & repair of buildings, land acquisition; and fees for professional services SPECIAL EDUCATION PRE-SCHOOL FUND Used for providing special education services to 3-5 year olds

  4. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATIONTotal Advertised Tax Rate Analysis General Fund $32,800,000 Rate: $0.8702 Total Advertised Budget for 2008: $54,570,293 Total Advertised Tax Rate: $2.5856 Spec. Ed. Pre-School Fund $175,000 Rate: $0.0033 Debt Service Fund $11,063,672 Rate: $0.8466 Trans. Oper. Fund $3,370,000 Rate: $0.2606 Pension Debt Fund $570,621 Rate: $0.0594 Capital Projects Fund $5,996,000 Rate: $0.4686 Trans. Bus Repl. Fund $595,000 Rate: $0.0769

  5. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 General Fund Estimated Revenues Local Revenue: Property Tax $10,082,799 30.7% License Excise 720,000 2.2% All Other 1,070,097 3.3% Total Local $11,872,896 36.2% Total Estimated General Fund Revenues for 2008: $32,790,688 General Fund Tax Rate: $0.8702 State and Other Revenue: State Grant $20,063,493 61.2% Prime Time 551,299 1.7% All Other 303,000 0.9% Total State & Other $20,917,792 63.8%

  6. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 General Fund Budgeted Expenditures Supplies and Materials Instructional Operating Other Salaries Teachers/Administrators Secretaries/Aides/Subs Custodians/Maintenance Purchased Services Utilities Central Nine Special Services Total Budgeted General Fund Expenditures for 2008: $32,800,000 Employee Benefits Insurance FICA Retirement Salaries $22,413,500 67.13% Empl. Benefits 7,475,400 24.53% Purch. Services 1,346,161 6.24% Supplies/Materials 1,545,439 2.05% Other 19,500 0.05%

  7. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Debt Service Fund Estimated Revenues Local Revenue: Property Tax $9,738,771 87.8% License Excise 880,000 7.9% All Other 478,000 4.3% Total Local $11,096,771 100.0% Total Estimated Debt Service Fund Revenues for 2008: $11,096,771 Debt Service Fund Tax Rate: $0.8466 State Revenue: State ADA Flat Grant $0 0.0% Total State $0 0.0%

  8. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Debt Service Fund Budgeted Expenditures Interest on Bonds Total Budgeted Debt Service Fund Expenditures for 2008: $11,063,672 Unreim. Textbooks Principal on Bonds Lease Rental-Principal Lease Rntl.-Princ. $4,300,000 38.9% Lease Rntl.-Inter. $5,882,500 53.2% Int.-Temp. Loans 300,000 2.7% Principal - Bonds 495,000 4.5% Interest - Bonds 15,280 0.1% Unreimb. Textbooks 70,892 0.6% Interest on Temporary Loans Lease Rental-Interest

  9. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Capital Projects Fund Estimated Revenues Local Revenue: Property Tax $5,453,691 90.2% License Excise 350,000 5.8% All Other 243,000 4.0% Total Local $6,046,691 100.0% Total Estimated Capital Projects Fund Revenues for 2008: $6,046,691 Capital Projects Fund Tax Rate: $0.4686

  10. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Capital Projects Fund Budgeted Expenditures Maintenance Total Budgeted Capital Projects Fund Expenditures for 2008: $5,996,000 Emergency Util. & Insur. School Sports Facility Equipment Technology Land Acq. & Dev. $ 200,000 3.3% Professional Serv. 260,000 4.3% Educational Spec. 15,000 0.3% Building Improve. 1,150,000 19.2% Building Rental 448,000 7.5% Equipment 620,000 10.3% Emergency 180,000 3.0% Maint. of Equip. 1,253,000 20.9% Util., & Insur. 875,000 14.6% School Sports Fac. 210,000 3.5% Technology 785,000 13.1% Building Rental Building Improvement Land Acq. & Dev. Educational Spec. Dev. Professional Services

  11. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Transportation Operating Fund Estimated Revenues Local Revenue: Property Tax $3,026,714 89.5% License Excise 200,000 5.9% All Other 156,604 4.6% Total Local $3,383,318 100.0% Total 2008 Estimated Transportation Operating Fund Revenues: $3,383,318 Trans. Oper. Fund Tax Rate: $0.2606 State Revenue: State Basic Grant $ 0 0.0% Total State $ 0 0.0%

  12. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Transportation Operating Fund Budgeted Expenditures Purchased Services Supplies & Equipment Benefits Total 2008 Budgeted Transportation Operating Fund Expenditures: $3,370,000 Salaries $1,981,000 58.8% Benefits 701,000 20.8% Purchased Services 147,000 4.4% Supplies & Equip. 541,000 16.0% Salaries

  13. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Trans. Bus Replacement Fund Estimated Revenues Local Revenue: Property Tax $ 903,632 93.6% License Excise 40,000 4.1% All Other 22,000 2.3% Total Local $ 965,632 100% Total 2008 Estimated Transportation Bus Replacement Fund Revenues: $965,632 Transportation Bus Replacement Fund Tax Rate: $0.0769

  14. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Trans. Bus Replacement Fund Budgeted Expenditures Bus Replacement Total 2008 Budgeted Transportation Bus Replacement Fund Expenditures: $595,000 Purchases of Buses 595,000 100%

  15. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Special Education Pre-School Fund Estimated Revenues Local Revenue: Property Tax $ 32,140 17.7% License Excise 2,000 1.1% All Other 1,200 0.7% Total Local $ 35,340 19.5% Total Estimated Special Ed. Pre-School Fund Revenues for 2008: $181,340 Special Ed. Pre-School Fund Tax Rate: $0.0033 State Revenue: State Grant $146,000 80.5% Total State $146,000 80.5%

  16. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Special Ed. Pre-School Fund Budgeted Expenditures Total Budgeted Special Education Pre-School Fund Expenditures for 2008: $175,000 Purchased Services Purchased Serv. $175,000 100%

  17. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Pension Debt Fund Estimated Revenues Local Revenue: Property Tax $ 712,629 95.6% License Excise 30,000 4.0% All Other 3,000 0.4% Total Local $ 745,629 100.0% Total Estimated Pension Debt Fund Revenues for 2008: $745,629 Pension Debt Fund Tax Rate: $0.0594

  18. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Pension Debt Fund Budgeted Expenditures Bond Principal Total Budgeted Pension Debt Fund Expenditures for 2008: $570,621 Bond Principal $265,000 46.4% Bond Interest $305,621 53.6% Bond Interest

  19. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATIONTotal Advertised Tax Rate Analysis General Fund $32,800,000 Rate: $0.8702 Total Advertised Budget for 2008: $54,570,293 Total Advertised Tax Rate: $2.5856 Spec. Ed. Pre-School Fund $175,000 Rate: $0.0033 Debt Service Fund $11,063,672 Rate: $0.8466 Trans. Oper. Fund $3,370,000 Rate: $0.2606 Pension Debt Fund $570,621 Rate: $0.0594 Capital Projects Fund $5,996,000 Rate: $0.4686 Trans. Bus Repl. Fund $595,000 Rate: $0.0769

  20. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATIONComparison of ADVERTISED and APPROVED Tax Rates

More Related