2012 2013 budget
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2012-2013 Budget. Summary. Tax Ratables increased this year by $181,743 Total General Fund State Aid showed an increase of $392,615 but we lost $ 371,292 in Ed Jobs funding State Aid will be reduced by $81,264 for an assessment for Debt Service on SDA funding

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2012-2013 Budget

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2012 2013 budget

2012-2013Budget


Summary

Summary

  • Tax Ratables increased this year by $181,743

  • Total General Fund State Aid showed an increase of $392,615 but we lost $ 371,292 in Ed Jobs funding

  • State Aid will be reduced by $81,264 for an assessment for Debt Service on SDA funding

  • The 12-13 General Fund Budget increased by $915,208 and Debt Service increased by $ 95,081 (due to bleacher project)

  • Preschool Aid increased by $ 173,547 (but money can be spent on Preschool expenditures only)

  • Local Tax Levy is at the 2% cap

  • Administrative per pupil cost for 12-13 is $ 75 less than what the state allows, and $261 less than the Regional Threshold


Where does the money come from general fund 10

Where does the money come from?General Fund (10)

  • State Aid = $ 10,677,993 (11-12=$10,285,378)

  • Tuition = $1,751,130 (11-12=$1,749150)

  • CST Services = $190,000 (11-12=$193,800)

  • Transportation = $35,000 (11-12=$30,000)

    Interest Earned/Misc = $45,000 (11-12=$45,600)

  • Tax Levy = $ 6,757,223 (11-12=$6,624,728)

  • Budgeted Fund Balance = $1,329,818 (11-12= $769,128)


Debt service fund 40

Debt Service Fund (40)

  • State Aid = $ 42,933 (11-12=$ 39,760)

  • Budgeted Fund Balance = $347 (11-12=$839)

  • Tax Levy = $802,679 (11-12=$710,279)


Proposed revenues

Proposed Revenues


What the budget maintains

What the Budget Maintains

  • School Resource Officer

  • Two elementary and two special education teaching positions

  • Some music equipment replacements

  • Elementary Summer school

  • After school Academies

  • Middle School Homework Club

  • All current academic programs

  • MS and HS athletic programs

  • Most student activity programs, including Band and Choral programs


Proposed expenditures

Proposed Expenditures


What will it cost the taxpayers

What will it cost the taxpayers?

General Fund Tax Levy

12-13 Rate = $ 1.5082 ($.029 increase over 11-12 Rate) Total dollars = $2,319.99 ($42.94 increase over 11-12 for the average home assessed at $153,822)

Debt Service Tax Levy

12-13 Rate = $.1792 ($.021 increase over 10-11 Rate) Total dollars = $275.59 ($31.45 increase over 11-12 for the average home assessed at $153,822)


Questions

Questions?


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