Agenda - 04-25-2006-1 - Laserfiche WebLink

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deadlines. A survey was done with other school districts that revealed that other districts in our budget range are operating with three or more payroll positions. Increase in Tuition Reimbursement Program for Teachers $ 10,000 The Board has heard previous discussion regarding the demand for additional funding in the Tuition Reimbursement Program. This funding request will allow more teachers to be reimbursed for furthering their education. TOTAL INCREASE IN EXPENDITURES $4,820,694 Revenues Local revenues must total $51,511,536 to support the $4,820,694 increase in budget priorities for the 2006 -07 school year. This represents a 10% increase over the current local budget. A $253 per pupil county appropriation rate will be required provided a $ 01 increase in the special district tax is approved. Without an increase in the special district tax, a $430 increase in the per pupil county appropriation rate would be needed. The state projection for the district's 2006 -07 enrollment is 11,162 students, which is 338 students more than the state's 2005 -06 projection The district's 40`h day enrollment report to the state for this year totaled 10,976 students so the projected growth for next year is 186 students over the current year's actual enrollment. This proposed budget plans for appropriating $950,000 in undesignated local fund balance. This is a reduction of $50,000 in fund balance required to balance the budget. This reduction is an effort by the district to reduce its dependency on fund balance to balance the local budget. This budget requests an increase of $.01 in the special district tax which is estimated to provide $761,893 in new revenue. This amount represents the value of $.01 in the 2005 -06 budget and will be modified when more a more accurate figure is received from the County Manager's Office. Other revenue sources in the local budget have been reviewed and modified to reflect realistic expectations for 2006 -07. The district expects a reduction in miscellaneous revenue based on the expectation that the federal budget will eliminate the opportunity to continue to file for Medicaid administrative reimbursements. Other Budgets The projected State budget for 2006 -07 is based on the planning allotment received from DPI and salary increases the Governor' is expected to propose. This planning budget is always increased after the actual enrollment is determined for the school year Several program areas receive only partial allotments in the planning budget and other state funds are not included at all, but are allotted as spent, such as ABC bonuses and non - contributory employee benefits The actual planning budget total is $50,217,617, however, based on the current year's actual state budget, a more realistic projection for next year is $54,383,999, which represents an overall 5 %, increase to the state budget.