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Budget Assumptions

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


October 20, 2022

Revenue Assumptions:

  • Transfer: Revenue will come partially from a transfer of $9,582,635 from the Education Fund.  Estimated to be 13.7% of the Education Fund Revenue.
  • Miscellaneous Taxes: FIT, LIT, CIVET, and Excise taxes have been estimated proportionally the same as 2022.
  • Building Rental: Revenue is projected to be about the same as the prior year
  • Total Revenue: Estimated to be $23,620,000

Expenditure Assumptions: 

  • Staff changes: Added 2 F.T. & 4 P.T. custodians, 2 Bus Drivers  
  • Utilities: We budgeted an additional $175,000 in total for utilities, which is a 5.8% increase.
  • Technology and Building Improvement Projects:  Expenditures will be partly in CPF and partly in an additional bond issue of $5,800,000 for building projects and technology. More details about expenditures can be found in the list of CPF and maintenance projects.
  • Bus Plan: 
    • Starting in 2021 we have begun purchasing propane fueled busses
    • We have assumed 5% inflation in the cost of buses each year
    • Replacement buses needed in 2023 are $1,139,000 to replace 8 buses at a cost of $150,000 each for 78-passenger buses and $89,000 for smaller buses
  • Gasoline: It is very difficult to predict fuel costs:
  • Total Expenditures:  
    • Estimated to be $23,620,000

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 $12,959,117 for 2023.