Skip To Main Content

Budget Assumptions

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

 

OPERATIONS FUND
BUDGET ASSUMPTIONS
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.