Budget Assumptions
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OPERATIONS FUND
BUDGET ASSUMPTIONS
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:
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- 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:
- Bus Plan:
- Staff changes: Added 2 Bus Drivers
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.