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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

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Grandville Public Schools

2006-2007 Budget Hearing

May 22, 2006


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Agenda

  • General Fund

  • Athletic Fund

  • Food Service Fund

  • Debt Service Fund

  • Capital Projects Fund


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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


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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


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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


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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


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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


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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


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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)


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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


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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.


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Capital Projects Funds

  • 1999 Bond Issue

    • Century Park Learning Center bond


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Capital Projects Funds

  • Building And Site

    • From sale of capital asset

    • To be used for Prairie View Campus renovation


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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


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Mills to be Levied

General Fund

Non-Homestead Properties 18.0000 mills

Debt Service Funds 4.6500 mills

Sinking Fund 1.4630 mills



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