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Budget Assumptions

2018 CGCSC Budget
 
Introduction
General
Debt Service
Capital Projects
Transporation
Bus Replacement
Budget Assumptions
Revenue Estimate
Spending Plan
Cash Flow
Miscellaneous

BUDGET REPLACEMENT FUND
October 26, 2017

 Revenue Assumptions:

  • Miscellaneous taxes will be the same as 2017
  • The maximum levy increases each year based on a growth quotient, which is 4.0%.
  • Revenue is estimated to be $1,060,000, which is less than what is required to fund requested replacements
     

Expenditure Assumptions:           

  • We have assumed 5% inflation in the cost of buses each year
  • Replacement buses needed in 2018, as identified in the 12-year plan:
    • $918,000 to replace 10 buses in 2018 at a cost of $108,000 each for 78-passenger buses,
      and $54,000 for smaller buses
  • Additional bus needs in 2018:
    • Two 78-passenger buses
  • Total cost of the above 11 buses is $1,134,000
     

Tax Rate/Levy Assumptions: 

  • Tax rate is computed on State Form 4. The maximum levy will be based on the growth quotient.