1 / 9

2017-2018 Budget Hearing

Explore the breakdown of USD 409's district budget into operating funds and special revenue funds, including details on funds, levies, and mill levy history.

mpike
Download Presentation

2017-2018 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. 2017-2018 Budget Hearing August 23rd, 2017

  2. Funds • USD 409’s District budget utilizes 17 separate funds which are divided into operating funds and special revenue funds. • School districts are authorized to levy property taxes for selected funds. We have 4 of these funds.

  3. General Fund • Levy fund • Uniform 20 mill state levy • The district can spend only the legal maximum general fund budget, except for reimbursements. • Total revenues - $11,559,714 • Last Year $10,453,819 • Increase-$1,105,895

  4. Form 150

  5. Supplemental General Fund • Levy fund • The maximum expenditures of this fund can be 30% of the general fund with a resolution • Can go to 33% with an election • Authorized to levy 30.00%, statewide LOB average is 30.00% • Supplemental General Fund total dollars: • 16-17 $3,578,462 • 17-18 $3,814,025 • Increase of $235,563

  6. Capital Outlay Fund • Levy Fund • Authorized by resolution subject to protest petition • USD 409’s Capital Outlay Fund is authorized at 5-mill • This budget has been prepared utilizing a 5-mill levyDeposit of interest earned on idle funds • Used for construction, re-construction, remodeling, repair, purchase of equipment, maintenance, uniforms, maintenance/custodian salaries

  7. Bond & Interest Fund • Levy fund • Authorized by voter approval • State aid based on valuation-per pupil (for Atchison that amounts to 52%, up 7% from last year • Maintain mill at 13.838

  8. Mill Levy History

More Related