At their May 14 Planning Session, the School Board approved the preliminary revenue and expenditure budget for the 2013-2014 school  year.  In the amount of $19,638,593, this budget reflects an expenditure increase of 0.64% or $317,431 more than the 2012-2013 budget.  Local revenue for this budget will be provided by a real estate tax of 19.91 mills, one-half of 1% earned income tax, one-half of 1% real estate transfer tax, and $5.00 local emergency services tax.

Revenues:

• The major revenue driver for the District is the Real Estate Tax Assessments, which accounts for 65% of total revenues.
• The other two major revenues (State and Federal subsidies) reflect a 1.6% increase for the District.

Expenditures:

• The 2013-14 General Fund Expenditure Budget total is $19,638,543. This total is an increase from the prior year of $317,431 or  1.64%.
• The instructional budget represents 51% of all costs to the District.
• Decreases can be attributed to the re-alignment of some student programs, not filling vacant staff positions, elimination of some contracted services, and the implementation of some cost-containment strategies such as energy conservation.
• Overall cuts to the Budget were completed with the thought of maintaining the majority of services. The submitted budgets from the administrators were either the amount allocated by the Board in prior years or a revised amount due to change of circumstances in the District.   The administration was asked to determine the best ways to decrease costs.  These reductions were recommended to the Superintendent and Business Manager then to the School Board for approval.

Please see attached documents:

Community members may view the entire preliminary budget through June 19, 2013.  The School Board will vote to approve a 2013-2014 Budget at their June 19, 2013 meeting.