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Meade 46-1 2014-2015 Capital outlay budget

Meade 46-1 2014-2015 Capital outlay budget. Introduction. Review proposed revenue budget for FY 2014-2015. Review proposed expenditure budget for FY 2014-2015. Q&A-discuss the handout that describe the proposed expenditures in more detail. . Revenue budget. FY 14 FY15

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Meade 46-1 2014-2015 Capital outlay budget

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  1. Meade 46-12014-2015 Capital outlay budget

  2. Introduction • Review proposed revenue budget for FY 2014-2015. • Review proposed expenditure budget for FY 2014-2015. • Q&A-discuss the handout that describe the proposed expenditures in more detail.

  3. Revenue budget • FY 14 FY15 • Ad valorem 4,129,664 4,334,540 • Ad valorem MH 90,000 95,000 • Prior year taxes 80,000 80,000 • Penalty & interest 15,500 17,000 • Interest income 2,500 1,500 • Interest credit ARRA 350,903 333,860 • Total 4,668,567 4,871,900

  4. Local revenue sources • Meade 46-1 valuation-2013 payable 2014 • Ag: 388,992,218 • OO: 709,030,783 • Other/utilities: 330,707,357 • M/M-OO 34,633,005 • Total: 1,463,363,363 • $3/1000 levy

  5. Other revenue sources • Interest income on our money market account. • Interest credits on BAB, QSCB, and RZ bonds from financing of PVE. 5% reduction on the interest credits.

  6. Proposed expenditure budget • FY 14 FY 15 • 4,668,567 4,871,900 • FY 15 budget represents an 4.35% increase in expenditures and includes a $476,397 contingency line item as well as $250,000 obligated towards OOP expenses that may be incurred at SWMS. This budget sees a shift of expenses to the general fund such as transportation in order to provide the funds needed on prioritized, capital projects within the district.

  7. Expenditure categories • Copier lease: annualized expense for machines. • Textbooks & instructional software: PVE is anticipating some increased enrollment and thus need for textbooks, instructional software and related expenses shifted to general fund. • Computer equipment.: laptops, desktops, ipads, other computer related technology. • Administrative software: predominately technology related, other Admin. Software shifted to general fund. • Equipment: supplies not consumed within the school year of a non technology application( chairs, desks, mowers, projectors, etc.) • Building improvements: interior and exterior projects focused on improving and preserving the facilities throughout the district.

  8. Expenditure reviewInstructional expenses FY 14 FY 15 STEL 121,890 119,090 (90,532)(92,200) PVE 116,560 106,880 (93,352) (67,000) WW/rural 84,076 100,825 (54,000) (42,450) SWMS 136,130 44,000 (90,000) (1,600) SBHS 86,586 312,880 (42,600) (264,980) Special services 26,700 2,700 ** red numbers indicate computers/related exependitures.

  9. District technology department • FY14 FY 15 • Dakota back-up 12,000 12,000 • Computer equipment 14,700 0 • Equipment 3,000 10,000 • File servers 16,000 1,500 • Administrative software 0 16,500 • Replacement vehicle 0 15,000

  10. District property & liability insurance; utilities, debt service • FY14 FY 15 • Property &liab. Insurance 125,000 0 • SBHS utilities 182,000 0 • Debt service 2,434,700 2,581,153 • *added $150,000 for three years to debt service to pay for the stagebarn property. The property & liability insurance and utilities will be budgeted for in the general fund.

  11. Building renovations budget • FY 2014 FY2015 • STEL 50,000 30,000 • Francis case 7,000 6,000 • PVE 30,000 25,000 • Rural 40,000 45,000 • WW 96,000 30,000 • SWMS 165,000 250,000 • Williams 505,000 125,000 • SBHS 155,000 85,000 • Stagebarn 0 150,000 • WW 30,000 41,000 • Woodle field 0 30,000

  12. District maintenance FY14 FY15 Central copy lease 28,000 34,000 Computer equipment 2,400 0 Equipment 7,650 127,000 Replacement vehicle 30,000 25,000 Facility improvements 982,000 932,000 ** equipment budget includes $100,000 for lighting upgrades SBHS parking lot and Grunwald gym if funds are available. We extended the lease for one more year at central copy. Demolition of Stagebarn and SWMS remodel and Williams Admin tuck-point are $525,000of this years facilities budget.

  13. Co-curricular • Fy14 FY15 • Equipment & uniforms 18,000 39,050 • Replacement vehicles 20,000 0

  14. Student transportation • FY14 FY15 • Contracted busing 120,000 0 • All contracted busing will be budgeted for in the general fund.

  15. Conclusion • FY 15 budget is a 4.3% increase from FY14, but has a $476,397 contingency which puts the actual budgeted expenditures below the FY 14 level. I have also included in the budget$250,000 towards the renovation of SWMS lobby thus making the proposed FY 15 budget very conservative with a emphasis in technology and the repair/renovation of SWMS lobby. • Please refer to the handout capital outlay purchase document.

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