Budget Assumptions

 

OPERATIONS FUND

 BUDGET ASSUMPTIONS

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Revenue Assumptions:

• Transfer:  revenue will come partially from a transfer of $11,150,000 from the Education Fund
   
• Miscellaneous Taxes:  FIT, LIT, CVET, and Excise taxes have been reduced the same as 2024.
   
• Building Rental:  revenue is projected about the same as the prior year
   
• Total Revenue:  estimated to be $24,080,000

 

Expenditure Assumptions: 

• • Staff changes: Added 2 Bus Drivers
     
  • Utilities: We budgeted an additional $425,000 in total for fuel & utilities, which is a 13% increase.
     
  • Technology and Building Improvement Projects:  Expenditures will be partly in CPF and partly in an additional bond issue of $6,100,000 for building projects and technology. More details about expenditures can be found in the list of CPF and maintenance projects.
     
    • Bus Plan: 
      • We have assumed 5% inflation in the cost of buses each year
      • Replacement buses needed in 2024 are $1,191,500 to replace 8 buses at a cost of $157,000 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 $24,080,000 

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 $13,477,482 for 2024.