1 / 19

2014-15 Proposed Budget

2014-15 Proposed Budget. July 1 - June 30 . DISTRICT BUDGET. Budget Approved in August by Finance & SB Budget Hearing/Annual Meeting in Sept . Budget Finalized in October by Board. Actuarial Valuation of Prior Post Employment Benefits

tanner
Download Presentation

2014-15 Proposed Budget

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. 2014-15 Proposed Budget

  2. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance & SB Budget Hearing/Annual Meeting in Sept. Budget Finalized in October by Board

  3. Actuarial Valuation of Prior Post Employment Benefits • StudentEnrollment - 3rd Friday in September • Property Value – October 1 • State Aid - October 15 • Transfer of Service • Needs of the District Budget Factors

  4. Property Values

  5. Estimated State Aid

  6. Referendum Dollar Usage

  7. BUDGET Revenue Limit: Prior Year Spending, 3 year average of Sept and Summer School Enrollment, Property Value, Transfer of Service, Referendums, Aid. State Aid: District Property Value and prior year average of Sept. and Jan. Enrollment

  8. Budget Revenues: State Aid and Taxes Budget Expenses: Salaries and Fringes Transportation Insurance Supplies and Equipment Maintenance Utilities Contracted Services

  9. GENERAL FUND (FUND 10) • $27,335,396 • DEBT SERVICE (FUND 30) • $322,000 • Maintenance Referendum

  10. CAPITAL PROJECTS (FUND 40) • $0.00 • FOOD SERVICE (FUND 50) • $1,063,813 • COMMUNITY SERVICE (FUND 80) • $0.00 • Swimming Pool: Lease agreement • with the City of Portage

  11. Budget to Taxy Levy To determine the property tax levy: Revenue Limit - minus State Equalization Aid = equals Property Tax Levy

  12. PROJECTED 14-15 LEVY

  13. Each municipality’s share of the levy is determined by its share of the total equalized value. 2013 Values

  14. PROJECTED TAX IMPACT $10.18 Mill Rate $100,000 Home $1018. Tax Amount

  15. Mill Rate – History

  16. Note: • Budget adjustments are made in October • based on student count, actuarial valuation of prior post employment benefits, state aid certification, transfer of service allocation, needs of the district, and property valuations.

More Related