Financial Information
Budgets
 Click
on the image to view a
presentation on our school budget basics. This presentation
was presented to the public on May 20th, 2009. For questions please contact
our Finance Department.
Financial Highlights
- The District's total net assets from Government activities increased by
$8,129,447 as a result of the District's capital assets growing through the
continuation and completion of our building program.
- The District completed construction and opened the new Woodside
Elementary School in August 2006.
- The District's fund equity available for general governmental program
activities increased by $2,194,871. The District has a goal of keeping the
fund balance between 8 to 9% of the General Fund budget amount. This year that
percentage is 10.52%.
- The fund equity position of the General Fund increased substantially in
the past fiscal year to $5,280,097. With this planned increase from FY
2006-2007 and another increase in FY 2007-2008 to approximately $8,000,000,
the District will peak on the fund balance position in anticipation of
drawing fund balance down over the next two years until we will be faced
with passing a supplemental override levy for fiscal year 2012.
Governmental Funds
The focus of the District's governmental funds is to provide balances of
available resources and to provide data on near-term inflows and outflows.
General Fund
This is the main operations fund for the entire School District. This fund
covers everything from the child in the classroom to the transportation of
students, as well as all building maintenance and operations. For fiscal
year 2007-2008, the total General Fund budget is $50,941,696.
The chart below shows a
breakdown on a percentage basis of where expenditures are made. As you
can see, Salaries and Fringe Benefits account for approximately 71% of our
budget. Purchased Services would include utility costs, contracted
services, professional development, and travel-related expenses. (Click
here for a larger image.)
Economic Factors and 2009 Fiscal Year Budget
 The
School District considers many factors when developing the next year's budget.
Primary factors include student population compared to the student teacher
ratios in each classroom and the number of new staff needed to meet those
program goals, employee benefit cost increases, utility cost increases, and snow
removal costs - to name a few. This year's General Fund budget will
increase between 1 and 2 percent over last year. All of the increase will
be spent on salaries for existing staff.
With the addition of the Plant Facility and the Bond/Interest levy collected
again this past year, the District has placed itself in a situation where the
fund balance will grow again this next year, with the realization that by 2011
we will back to a normal fund balance target of 9%.
|