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Budget Assumptions

2021 CGCSC 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 2021):
    • G.O. Bonds ($5,170,000) to support CPF projects and technology projects
    • G.O. Bonds ($1,300,000) for miscellaneous building improvement projects
    • Bonds ($5,170,000) for remodeling and expansion at Pleasant Grove
    • Bonds ($45,000,000) for the natatorium and remodeling at the high school
  • Elimination of bonds (last payment in 2020):
    • 2018 G.O. Bonds ($4,700,000) to support CPF and technology projects
    • 2018 G.O. Bonds ($4,000,000) for miscellaneous building improvement projects
    • 2009 Bonds ($1,656,000) for remodeling at Central Nine Vocational School
  • Approximately $119,000 in interest on Tax Warrants
  • Approximately $168,000 in un-reimbursed textbook fee collection

Tax Rate/Levy Assumptions:

  • All funding comes from local sources.
  • FIT, CVET, Excise, and LOIT taxes are projected to be about the same percentage in 2021 as they were in
  • The tax rate is computed on State Form 4. The levy will be whatever is required to raise needed revenue.