GOTHENBURG PUBLIC SCHOOLS DAWSON CO. DISTRICT # 20

GOTHENBURG PUBLIC SCHOOLSDAWSON CO. DISTRICT # 20Budget HearingSept. 12, 2011General FundThe Budget ($9,131,600 expenditures)Disbursements/Transfers- $10,305,826Salaries and Benefits - $7,154,154Supplies, Equipment, Capital - $734,500Purchased Services and Other - $927,946Transfers - $315,000 Future Budget Authority - $1,174,226Cash Reserve - $500,000Property Tax Requirement - $4,581,818Valuation - $484,766,851Projected Levy . $.9451 per $100 valuationSpecial Building FundFacilities improvement or acquisitionBudget of Expenditures - $400,000Property Tax Requirement - $202,000Depreciation FundSub-fund of General FundSpread out costs of items such as busses, roof replacement, computers, etc.Budget of Expenditures - $850,000Non-taxing fund.Primary resource is from General Fund transfers. School Lunch FundNutrition ProgramBudget of Expenditures - $535,500Salaries and Benefits - $185,500Cost of Food - $250,000Supplies, Equipment, Repairs - $20,000Reserve authority - $80,000RevenueSale of Meals - $200,000Fed/State Reimbursement - $255,000Can be subsidized by General Fund.

Employee Benefit FundUnemployment, early retirement, association dues deductions, etc.Budget of Expenditures - $240,000Association dues are deducted from salaries and paid from this fund.No early retirement at this point.Non-taxing fund.Primary resource is from General Fund transfers.

Activity FundQuasi-independent student organizations.Budget of Expenditures - $500,000Annual transfer from General Fund - $15,000 for general activities.Non-taxing fund.

Bond FundRetirement of Bonds for 2004 building project.Budget of Expenditures include 3 payments due to timing of fiscal year.Actual payment $809,000 for 2012 calendar year.$8,885,000 left on the BondsLast payment will be in 2024

Student Fees FundMonies collected from students is distributed to programs at the end of the year.Budget of Expenditures - $30,000Resolution 9-12-11-1Resolution to adopt the budget as presented will be considered during regular meeting.GOTHENBURG PUBLIC SCHOOLSDAWSON CO. DISTRICT # 20Thank You!GOTHENBURG PUBLIC SCHOOLSDAWSON CO. DISTRICT # 20Tax Request HearingSept. 12, 2011General Fund Tax RequestTax Request - $4,581,360Valuation - $484,766,851Projected Tax Levy - $.945 per $100 valuation.Minimum levy penalty assessed if levy is below $.945 (Gen Fund Only)Maximum is $1.05 per $100 valuation. (Gen Fund and Building Fund, $306,692 is available but not accessed.)Spec. Building Fund Tax RequestTax Request - $202,000Valuation - $484,766,851Projected Levy - $.0417 per $100 val.Estimated balance - $150,000

Total levy applied to $1.05 limit is $.9867 per $100 valuation (Gen + Building)Bond Fund Tax RequestTax RequestsK-8 Bond - $302,323 Valuation - $296,860,098Projected Levy - $.10189-12 Bond - $514,767Valuation - $484,766,851Projected Levy - $.1062

Total Bond Levy - $.2080

Total Tax RequestGeneral Fund $.9451$4,581,360Building Fund $.0417 $202,000Bond Fund $.2080 $817,090

Total $1.1948$5,600,450Resolution 9-12-11-2Resolution to set the tax request for the General Fund, Special Building Fund, Affiliated Bond, and District #20 Bond as presented will be considered during regular meeting.GOTHENBURG PUBLIC SCHOOLSDAWSON CO. DISTRICT # 20Thank You!