•
  • Introduction
  • Education
  • Operations
  • Debt Service
  • Budget Assumptions
  • Revenue Estimate
  • Spending Plan
  • Cash Flow
  • Misc.

  •  EDUCATION FUND
    BUDGET ASSUMPTIONS
    OCTOBER 21, 2021

    Revenue Assumptions:

    • Projected enrollment: Increase by 166 students to 9,111
    • Special Education Projected Pupil Count: Increase from the prior year
    • Vocational Education: Increase from last year
    • Academic Honors Diplomas: Decrease from last year; smaller graduating class
    • Summer School: About the same as last year
    • Textbooks: Miscellaneous revenue increased by about $195,000 because of textbook rental money that will be transferred into the Education Fund for the first time in 2022

    Total Funding as follows:  

    2021-2022 Ed Fund Budget

    Expenditure Assumptions:

    Staff Changes:

    • Administrators: No changes in the number of administrators
    • Teachers: Added 6 positions (5 classroom teachers and 1 social worker)
    • Support staff: Added 3 classroom aides, 1 behavior coach, and 1 aquatics director

    Group Health Insurance:

    • An average increase of 13.3% in the corporation share of the premium for January 1, 2022
    • An average increase of 12.7% in the employee share of the premium for January 1, 2022

    Textbooks: Expenses will increase by about $232,000 because of textbook rental expenses that will be paid from the Education Fund for the first time in 2022. About 85% of this will be offset by increased revenue from textbook rental

    Total Expenses: $56,140,000

    Tax Rate/Levy Assumptions:

    This fund has no tax rate or levy.  It is funded mostly by the state basic grant formula.