Budget Assumptions
 |
 |
 |
 |
 |
 |
 |
 |
 |
OPERATIONS FUND
October 22, 2020
Revenue Assumptions:
- Transfer: Revenue will come partially from a transfer of $7,710,000 from the Education Fund
- Miscellaneous Taxes: These have been estimated proportionally the same as 2020
- Building Rental: Revenue is projected about the same as the prior year
- Total Revenue: Estimated to be $21,020,000
Expenditure Assumptions:
- Staff changes:
- Added 1 School Resource Officer (was paid from a grant)
- Added 2 Bus Drivers
- Added 1 Bus Monitor
- Added 6 half-time custodians to assist with cleaning at the elementary schools
- Utilities: We budgeted an additional $125,000 in total for utilities, which is a 4.4% increase.
- Technology and Building Improvement Projects: Expenditures will be partly in CPF and partly in an additional bond issue of $5,170,000 for building projects and technology. More details about expenditures can be found in the individual site plans and the list of CPF projects
- Transfer: Some expenditures have been transferred from the old General Fund into this fund
- Emergency Account: An additional $450,000 has been set aside in anticipation of a very difficult year in 2022. This has been budgeted in the emergency account, which brings the total in this account to $585,000.
- Bus Plan:
- We have assumed 5% inflation in the cost of buses each year
- Replacement buses needed in 2021 are $1,000,000 to replace 10 buses at a cost of $110,000 each for 78-passenger buses and $60,000 for smaller buses
- Gasoline: It is very difficult to predict fuel costs:
-
2012
Actual2013
Actual2014
Actual2015
Actual2016
Actual2017
Actual2018
Actual2019
Budget2020
Budget2021
Budget$528,163
$516,000
$514,406
$432,795
$307,711
$333,731
$460,800
$540,000
$540,000
$500,000
- Total Expenditures:
- Estimated to be $21,020,000
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 $11,733,189.