At their May 9th Planning Session, the School Board approved the preliminary revenue and expenditure budget for the 2017-2018 school year. In the amount of $22,083,477, this budget reflects an expenditure increase of 2.87% or $615,184 more than the 2016-2017 budget. Local revenue for this budget will be provided by a real estate tax of 20.3494 mills, one-half of 1% earned income tax, one-half of 1% real estate transfer tax, and $5.00 local emergency services tax.
Revenues:
• The major revenue driver for the District is the Real Estate Tax Assessments, which accounts for 62% of total revenues. Other local
revenues are 9% of the budget.
• The other two major revenues - State (28%) and Federal (1%) subsidies - reflect balance of income for the District.
Expenditures:
• The 2017-18 General Fund Expenditure Budget total is $22,083,477. This total is an increase from the prior year of $615,184 or 2.87%.
• The instructional budget represents 52% of all costs to the District.
• Increases in the budget can be attributed to costs of: retirement, salaries, technology equipment, and debt service.
• Overall, the Budget was completed with the thought of maintaining the majority of services. The submitted budgets from the administrators
were either the amount allocated by the Board in prior years or a revised amount due to change of circumstances in the District. The administration
was asked to determine the best ways to decrease costs. These reductions were recommended to the Superintendent and Business Manager then to
the School Board for approval.
Please see attached document:
2017-2018 Approved Proposed Budget
Community members may view the entire preliminary budget, in the Business Office or by clicking on the link above, through June 19, 2017. The School Board will vote to approve a 2017-2018 Budget at their June 19, 2017 meeting.
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