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Budget Assumptions

2019 Budget
Education Fund
Operations Fund
Debt Service Fund
Budget Assumptions
Revenue Estimate
Spending Plan
Cash Flow


Revenue Assumptions:

  • The tax rate will be set to generate the funds needed for the revenue plan.
  • The state has developed a formula for determining what our year-end cash balance can be.  We have shown this calculation on the Debt Service Worksheet.

Expenditure Assumptions:

  • See DLGF worksheet
  • Addition of new bonds (first payment in 2019):
      • G.O. Bonds ($4,800,000) to support CPF projects and technology projects
      • G.O. Bonds ($4,000,000) to support miscellaneous building improvement projects
      • Bonds ($42,576,152) to build Walnut Grove Elementary School
  • Elimination of bonds (last payment in 2018):
      • 2016 G.O. Bonds ($2,000,000) to support CPF projects
      • 2016 G.O. Bonds ($2,000,000) to support technology projects
      • 2016 G.O. Bonds ($1,980,000) for miscellaneous building improvement projects
  • Approximately $123,000 in interest on Tax Warrants
  • Approximately $184,000 in un-reimbursed textbook fee collection

Tax Rate/Levy Assumptions:

  • All funding comes from local sources.
  • Excise and LOIT taxes are projected to be the same percentage in 2019 as they were in 2018
  • FIT, Excise, and CVET taxes are projected to be about the same in 2019 as they were in 2018.
  • The tax rate is computed on State Form 4. The levy will be whatever is required to raise needed revenue.