Budget Assumptions
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GENERAL FUND
October 26, 2017
Revenue Assumptions:
- Projected enrollment: increase by 172 students to 8,255
- Special Education Projected Pupil Count: up slightly from the prior year
- Vocational Education: up slightly from the prior year
- Academic Honors Diplomas: up 38 from last year
- Building Rental: about the same as prior year (we don’t know 2017 yet)
- Summer School: about the same as prior year (we don’t know 2017 yet)
- Total Funding as follows:
2017 Budget 2018 Budget
Basic Grant Funding: $48,783,228 Basic Grant Funding: $51,225,926
All Miscellaneous Revenues: $636,772 All Miscellaneous Revenues: $654,074
Total General Fund: $49,420,000 Total General Fund: $51,880,000
Expenditure Assumptions:
- Staff Changes:
- 2016-17:
- 10 new teaching positions
- 4 instructional assistants
- 1 grounds position
- 1 communications position
- 2017-18:
- None
- 2016-17:
- Utility Projections:
- Capital Projects Fund can pay $1,297,873 of utilities in 2018
- Total utility expense in the General Fund has increased by $90,000 from 2017
- Property/Liability/Auto: We have budgeted about $313,000, an increase of $27,000 from last year.
- Group Health Insurance:
- We have budgeted an increase in corporation expense of 4% for January 1, 2018.
- No change in premium expense for employees
- Retirement rates:
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PERF |
TRF |
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2006 |
4.75% |
2006-07 |
7.00% |
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2007 |
5.25% |
2007-08 |
7.25% |
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2008 |
6.25% |
2008-09 |
7.25% |
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2009 |
6.50% |
2009-10 |
7.00% |
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2010 |
6.75% |
2010-11 |
7.50% |
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2011 |
7.50% |
2011-12 |
7.50% |
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2012 |
9.00% |
2012-13 |
7.50% |
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2013 |
10.00% |
2013-14 |
7.50% |
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2014 |
11.20% |
2014-15 |
7.50% |
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2015 |
11.20% |
2015-16 |
7.50% |
|
2016 |
11.20% |
2016-17 |
7.50% |
|
2017 |
11.20% |
2017-18 |
7.50% |
- Total Expenses: $51,880,000