Budget Assumptions

OPERATIONS FUND
October 24, 2019

Revenue Assumptions:

• Transfer: Revenue will come partially from a transfer of $6,690,000 from the Education Fund
• Miscellaneous Taxes: These have been estimated proportionally the same as 2019
• Building Rental: Revenue is projected about the same as the prior year
• Total Revenue: Estimated to be $20,440,000, but that will be reduced by property tax cap losses of at least $800,000

Expenditure Assumptions: 

• Staff changes:
  • Added 1 School Resource Officer (was paid from a grant)
  • Added an Assistant Director of Transportation
  • WGES Grounds person went from half year to full year
  • Reduced 2 Bus Drivers
  • Reduced .5 Bus Monitor
  • Major changes in custodians since we eliminated outsourcing
• Utilities: Cost increases in this area were small compared to prior years. We budgeted an additional $55,000 which is a 4% increase.
• Technology and Building Improvement Projects:  Expenditures will be partly in CPF and partly in an additional bond issue of $4,800,000 for building projects and technology.  More details about expenditures can be found in the individual site plans and the list of CPF projectsTransfer:  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.
• Technology and Building Improvement Projects:   Expenditures will be partly in CPF and partly in an additional bond issue of $4,800,000 for building projects and 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
  • Replacement buses needed in 2020 are $1,032,000 to replace 11 buses at a cost of $108,000 each for 78-passenger buses and $60,000 for smaller buses
  • Additional buses needed in 2020 are two 78-passenger buses
  • Total cost of the above 13 buses is $1,248,000
• Gasoline: It is very difficult to predict fuel costs:

• 2012 Actual	2013 Actual	2014 Actual	2015 Actual	2016 Actual	2017 Actual	2018 Actual	2019 Budget	2020 Budget
  $528,163	$516,000	$514,406	$432,795	$307,711	$333,731	$460,800	$540,000	$540,000

• Total Expenditures:  
  • Estimated to be $19,640,000

Tax Rate/Levy Expenditures:

• Levy: This fund has a maximum levy that increases by a growth quotient every year. We estimate the maximum levy to be $11,355,393.