1 / 16

Grandville Public Schools

Grandville Public Schools. 2006-2007 Budget Hearing May 22, 2006. Agenda. General Fund Athletic Fund Food Service Fund Debt Service Fund Capital Projects Fund. General Fund Assumptions. Revenues Enrollment = stable Same total # of students Shift in grade level

rhonda
Download Presentation

Grandville Public Schools

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. Grandville Public Schools 2006-2007 Budget Hearing May 22, 2006

  2. Agenda • General Fund • Athletic Fund • Food Service Fund • Debt Service Fund • Capital Projects Fund

  3. General Fund Assumptions Revenues • Enrollment = stable • Same total # of students • Shift in grade level • Foundation Allowance = $225/pupil • Based on Senate/House Proposal • Property Taxes – 18 mills on Non-Homestead • 100% summer tax collection

  4. General Fund Assumptions Expenses • Salaries / Benefits 81.33% • Salary includes step increment and possible settlement • Health Insurance 7.41% increase • Retirement 17.74% • Other Expenses 2.5 – 3.0% increase

  5. General Fund Expenses By Function • Instruction 60.51% • In Classroom • Instructional Support 12.07% • Media Centers, Counselors, Building Principals • Non-Instructional Support 18.59% • Central Office, Operation/Maintenance, Transportation • Community Service 1.82% • Supported by Revenues • Outgoing Transfers 7.01% • Tuition to other Districts, ISD Sp Ed Itinerants, ISD Sp Ed Transportation

  6. Proposed General Fund Budget Revenues $51,743,392 Expenditures $52,395,153 Excess (Expenditures) $(651,761) Fund Balance, July 1 $8,914,274 Fund Balance, June 30 $8,262,513

  7. GF Budget Reductions • 3.5 teaching fte, 1.0 admin fte $313,333 • Support staff adjustments 111,300 • Substitute Teacher Restructure 35,000 • Self-Insured Insurance Plans 30,000 • Tech/Curriculum Reductions 120,000 • Miscellaneous Reductions 75,000 • Total Reductions $684,633

  8. GF Budget Reduction History 2001-2002 $1,141,000 2002-2003 774,000 2003-2004 875,000 2004-2005 934,000 2005-2006 906,000 2006-2007 685,000 Total $5,315,000

  9. Athletic Fund • Revenues • Gate receipts • Student fees • General Fund Subsidy • Expenses • Salaries and benefits (63% of the budget) • Officials, transportation, supplies and equipment (37% of the budget)

  10. Food Service Fund • Revenues • Sale of meals • State and federal funding • Expenses • Employee costs 48.5% • Food / Other costs 51.5% • Indirect cost transfer to GF • Increased Breakfast Program

  11. Debt Service Funds 2001-2002 5.67 mills 2002-2003 5.25 mills 2003-2004 4.75 mills 2004-2005 4.65 mills 2005-2006 4.65 mills 2006-2007 4.65 mills 2003 refinance will be paid off at the end of the 2006-2007 school year.

  12. Capital Projects Funds • 1999 Bond Issue • Century Park Learning Center bond

  13. Capital Projects Funds • Building And Site • From sale of capital asset • To be used for Prairie View Campus renovation

  14. Capital Projects Fund • Sinking Fund • Revenues from 1.5 mills • Renewal in 2007 • Headlee rollback to 1.4630 currently • Sinking Fund Projects • Windows at Middle School • High School orchestra room and cafeteria expansion • East Elementary addition • Prairie View Campus renovation

  15. Mills to be Levied General Fund Non-Homestead Properties 18.0000 mills Debt Service Funds 4.6500 mills Sinking Fund 1.4630 mills

  16. Comments / Questions

More Related