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Budget Assumptions

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




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.