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CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION. PUBLIC HEARING on the 2008 BUDGET August 21, 2007. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION Important Upcoming Dates. CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION. There are 7 separate funds that make up the school corporation budget:.

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Clark pleasant community school corporation

CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION

PUBLIC HEARING

on the

2008 BUDGET

August 21, 2007



Clark pleasant community school corporation1
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION

There are 7 separate funds that make up the school corporation budget:

DEBT SERVICE FUND

Used for all payments of debt

incurred by the corporation

GENERAL FUND

Used for controlling most of

the operating expenses:

salaries, fringe benefits,

supplies, utilities & insurance

PENSION DEBT FUND

Used for payment of pension debt

incurred by the corporation

TRANS. OPERATING FUND

Used for operating expenses of

transporting children to and from

school and school events

TRANS. BUS REPL. FUND

Used for purchase of school buses.

CAPITAL PROJECTS

FUND

Used for purchase & maintenance

of equipment; construction & repair

of buildings, land acquisition; and

fees for professional services

SPECIAL EDUCATION

PRE-SCHOOL FUND

Used for providing special education

services to 3-5 year olds


Clark pleasant community school corporation total advertised tax rate analysis
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATIONTotal Advertised Tax Rate Analysis

General Fund

$32,800,000

Rate: $0.8702

Total Advertised Budget for 2008:

$54,570,293

Total Advertised Tax Rate:

$2.5856

Spec. Ed.

Pre-School Fund

$175,000

Rate: $0.0033

Debt Service Fund

$11,063,672

Rate: $0.8466

Trans. Oper. Fund

$3,370,000

Rate: $0.2606

Pension Debt Fund $570,621

Rate: $0.0594

Capital Projects Fund

$5,996,000

Rate: $0.4686

Trans. Bus Repl. Fund

$595,000

Rate: $0.0769


Clark pleasant community school corporation 2008 general fund estimated revenues
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 General Fund Estimated Revenues

Local Revenue:

Property Tax $10,082,799 30.7%

License Excise 720,000 2.2%

All Other 1,070,097 3.3%

Total Local $11,872,896 36.2%

Total Estimated General Fund

Revenues for 2008:

$32,790,688

General Fund Tax Rate: $0.8702

State and Other Revenue:

State Grant $20,063,493 61.2%

Prime Time 551,299 1.7%

All Other 303,000 0.9%

Total State & Other $20,917,792 63.8%


Clark pleasant community school corporation 2008 general fund budgeted expenditures
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 General Fund Budgeted Expenditures

Supplies and Materials

Instructional

Operating

Other

Salaries

Teachers/Administrators

Secretaries/Aides/Subs

Custodians/Maintenance

Purchased Services

Utilities

Central Nine

Special Services

Total Budgeted General Fund

Expenditures for 2008:

$32,800,000

Employee Benefits

Insurance

FICA

Retirement

Salaries $22,413,500 67.13%

Empl. Benefits 7,475,400 24.53%

Purch. Services 1,346,161 6.24%

Supplies/Materials 1,545,439 2.05%

Other 19,500 0.05%


Clark pleasant community school corporation 2008 debt service fund estimated revenues
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Debt Service Fund Estimated Revenues

Local Revenue:

Property Tax $9,738,771 87.8%

License Excise 880,000 7.9%

All Other 478,000 4.3%

Total Local $11,096,771 100.0%

Total Estimated Debt Service Fund

Revenues for 2008:

$11,096,771

Debt Service Fund Tax Rate: $0.8466

State Revenue:

State ADA Flat Grant $0 0.0%

Total State $0 0.0%


Clark pleasant community school corporation 2008 debt service fund budgeted expenditures
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Debt Service Fund Budgeted Expenditures

Interest on Bonds

Total Budgeted Debt Service

Fund Expenditures for 2008:

$11,063,672

Unreim. Textbooks

Principal

on Bonds

Lease Rental-Principal

Lease Rntl.-Princ. $4,300,000 38.9%

Lease Rntl.-Inter. $5,882,500 53.2%

Int.-Temp. Loans 300,000 2.7%

Principal - Bonds 495,000 4.5%

Interest - Bonds 15,280 0.1%

Unreimb. Textbooks 70,892 0.6%

Interest on

Temporary Loans

Lease Rental-Interest


Clark pleasant community school corporation 2008 capital projects fund estimated revenues
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Capital Projects Fund Estimated Revenues

Local Revenue:

Property Tax $5,453,691 90.2%

License Excise 350,000 5.8%

All Other 243,000 4.0%

Total Local $6,046,691 100.0%

Total Estimated Capital Projects Fund

Revenues for 2008:

$6,046,691

Capital Projects Fund Tax Rate: $0.4686


Clark pleasant community school corporation 2008 capital projects fund budgeted expenditures
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Capital Projects Fund Budgeted Expenditures

Maintenance

Total Budgeted Capital Projects

Fund Expenditures for 2008:

$5,996,000

Emergency

Util. & Insur.

School Sports Facility

Equipment

Technology

Land Acq. & Dev. $ 200,000 3.3%

Professional Serv. 260,000 4.3%

Educational Spec. 15,000 0.3%

Building Improve. 1,150,000 19.2%

Building Rental 448,000 7.5%

Equipment 620,000 10.3%

Emergency 180,000 3.0%

Maint. of Equip. 1,253,000 20.9%

Util., & Insur. 875,000 14.6%

School Sports Fac. 210,000 3.5%

Technology 785,000 13.1%

Building

Rental

Building

Improvement

Land Acq. & Dev.

Educational

Spec. Dev.

Professional Services


Clark pleasant community school corporation 2008 transportation operating fund estimated revenues
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Transportation Operating Fund Estimated Revenues

Local Revenue:

Property Tax $3,026,714 89.5%

License Excise 200,000 5.9%

All Other 156,604 4.6%

Total Local $3,383,318 100.0%

Total 2008 Estimated Transportation

Operating Fund Revenues:

$3,383,318

Trans. Oper. Fund Tax Rate: $0.2606

State Revenue:

State Basic Grant $ 0 0.0%

Total State $ 0 0.0%


CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Transportation Operating Fund Budgeted Expenditures

Purchased Services

Supplies & Equipment

Benefits

Total 2008 Budgeted Transportation

Operating Fund Expenditures:

$3,370,000

Salaries $1,981,000 58.8%

Benefits 701,000 20.8%

Purchased Services 147,000 4.4%

Supplies & Equip. 541,000 16.0%

Salaries


Clark pleasant community school corporation 2008 trans bus replacement fund estimated revenues
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Trans. Bus Replacement Fund Estimated Revenues

Local Revenue:

Property Tax $ 903,632 93.6%

License Excise 40,000 4.1%

All Other 22,000 2.3%

Total Local $ 965,632 100%

Total 2008 Estimated Transportation Bus Replacement Fund Revenues:

$965,632

Transportation Bus Replacement Fund Tax Rate: $0.0769


Clark pleasant community school corporation 2008 trans bus replacement fund budgeted expenditures
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Trans. Bus Replacement Fund Budgeted Expenditures

Bus Replacement

Total 2008 Budgeted Transportation

Bus Replacement Fund Expenditures:

$595,000

Purchases of Buses 595,000 100%


CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Special Education Pre-School Fund Estimated Revenues

Local Revenue:

Property Tax $ 32,140 17.7%

License Excise 2,000 1.1%

All Other 1,200 0.7%

Total Local $ 35,340 19.5%

Total Estimated Special Ed. Pre-School Fund

Revenues for 2008:

$181,340

Special Ed. Pre-School Fund Tax Rate: $0.0033

State Revenue:

State Grant $146,000 80.5%

Total State $146,000 80.5%


Clark pleasant community school corporation 2008 special ed pre school fund budgeted expenditures
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Special Ed. Pre-School Fund Budgeted Expenditures

Total Budgeted Special Education

Pre-School Fund

Expenditures for 2008:

$175,000

Purchased Services

Purchased Serv. $175,000 100%


Clark pleasant community school corporation 2008 pension debt fund estimated revenues
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Pension Debt Fund Estimated Revenues

Local Revenue:

Property Tax $ 712,629 95.6%

License Excise 30,000 4.0%

All Other 3,000 0.4%

Total Local $ 745,629 100.0%

Total Estimated Pension Debt Fund

Revenues for 2008:

$745,629

Pension Debt Fund Tax Rate: $0.0594


Clark pleasant community school corporation 2008 pension debt fund budgeted expenditures
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATION2008 Pension Debt Fund Budgeted Expenditures

Bond Principal

Total Budgeted Pension Debt

Fund Expenditures for 2008:

$570,621

Bond Principal $265,000 46.4%

Bond Interest $305,621 53.6%

Bond Interest


Clark pleasant community school corporation total advertised tax rate analysis1
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATIONTotal Advertised Tax Rate Analysis

General Fund

$32,800,000

Rate: $0.8702

Total Advertised Budget for 2008:

$54,570,293

Total Advertised Tax Rate:

$2.5856

Spec. Ed.

Pre-School Fund

$175,000

Rate: $0.0033

Debt Service Fund

$11,063,672

Rate: $0.8466

Trans. Oper. Fund

$3,370,000

Rate: $0.2606

Pension Debt Fund $570,621

Rate: $0.0594

Capital Projects Fund

$5,996,000

Rate: $0.4686

Trans. Bus Repl. Fund

$595,000

Rate: $0.0769


Clark pleasant community school corporation comparison of advertised and approved tax rates
CLARK-PLEASANT COMMUNITY SCHOOL CORPORATIONComparison of ADVERTISED and APPROVED Tax Rates


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