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Budget Assumptions

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

OPERATIONS FUND
October 25, 2018

Revenue Assumptions:

  • Transfer:  revenue will come partially from a transfer of $5,590,000 from the Education Fund
  • Miscellaneous Taxes:  these have been estimated proportionally the same as 2018
  • Building Rental:  revenue is projected about the same as the prior year
  • Total Revenue: estimated to be $18,550,000

Expenditure Assumptions: 

  • Transfer:  Some expenditures have been transferred from the old General Fund into this fund
     
  • Staff changes:
    • 2 New School Security Officers
    • 1 New School Resource Officer (partially paid from a grant)
    • 1 new bus driver in the fall of 2018 and 2 in the fall of 2019
    • All staff for Walnut Grove Elementary starting in the fall of 2019
       
  • Utilities: We have seen significant increases in utility costs in the last 6 months.  The budget for all utilities for 2019 has increased by $321,000 from the prior year.
  • Property/Liability/Auto Insurance: We have budgeted $312,000 a slight decrease from the prior year.
  • Technology and Building Improvement Projects:  Expenditures will be partly in CPF and partly in an additional bond issues of $1,990,000 for building projects and $1,990,000 for technology. More details about expenditures can be found in the individual site plans and the list of CPF projects
  • Bus Plan:
    • We have assumed 5% inflation in the cost of buses each year.
    • The total cost of replacement buses needed in 2019 is $594,000 to replace 6 buses at a cost of $108,000 each for 78-passenger buses.
    • In 2019, five additional 78-passenger buses are needed.
    • Total cost of the above 11 buses is $1,134,000
       
  • Gasoline: It is very difficult to predict fuel costs:

2012
Actual

2013
Actual

2014
Actual

2015
Actual

2016
Actual

2017
Actual

2018
Budget

2019
Budget

$528,163

$516,000

$514,406

$432,795

$307,711

$333,731

$575,000

$540,000
  • Total Expenditures:
    • Estimated to be $18,490,000
    • We have a surplus of revenue over expenditures of $60,000

Tax Rate/Levy Assumptions:

  • Levy:  This new fund has a maximum levy that increases by a growth quotient every year.  This is a new process, so we will see the maximum levy for the first time when our 2019 budget order is given to us by the state.  They have estimated the maximum levy to be $10,972,200