Budget Assumptions
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EDUCATION FUND
BUDGET ASSUMPTIONS
OCTOBER 21, 2021
Revenue Assumptions:
- Projected enrollment: Increase by 166 students to 9,111
- Special Education Projected Pupil Count: Increase from the prior year
- Vocational Education: Increase from last year
- Academic Honors Diplomas: Decrease from last year; smaller graduating class
- Summer School: About the same as last year
- Textbooks: Miscellaneous revenue increased by about $195,000 because of textbook rental money that will be transferred into the Education Fund for the first time in 2022
Total Funding as follows:
Expenditure Assumptions:
Staff Changes:
- Administrators: No changes in the number of administrators
- Teachers: Added 6 positions (5 classroom teachers and 1 social worker)
- Support staff: Added 3 classroom aides, 1 behavior coach, and 1 aquatics director
Group Health Insurance:
- An average increase of 13.3% in the corporation share of the premium for January 1, 2022
- An average increase of 12.7% in the employee share of the premium for January 1, 2022
Textbooks: Expenses will increase by about $232,000 because of textbook rental expenses that will be paid from the Education Fund for the first time in 2022. About 85% of this will be offset by increased revenue from textbook rental
Total Expenses: $56,140,000
Tax Rate/Levy Assumptions:
This fund has no tax rate or levy. It is funded mostly by the state basic grant formula.