2011-12 Budget
September2011
PROPERTY VALUATION:
2001-02 $116,877,823 (13.5% increase)
2002-03 $122,535,719 (4.8%increase)
2003-04 $129,315,177 (5.5% increase)
2004-05 $137,240,833 (6.1%increase)
2005-06 $140,202,804 (2.2%increase)
2006-07 $152,955,615 (9.06 % increase)
2007-08 $159,186,877 (4%increase)
2008-09 $176,831,135 (9.9%increase)
2009-10 $185,451,853 (4.9% increase)
2010-11 $190,066,432 (2.5% increase)
2011-12 $204,354,940 (7% increase)
STATE AID:
2001-02 $1,618,590 an increase of $115,679
2002-03 $1,347,109 a decrease of $271,481
2003-04 $1,474,799 an increase of $127,689
2004-05 $1,304,153 a decrease of $170,645
2005-06 $1,708,269 an increase of $404,114
2006-07 $2,030,953 an increase of $322,684
2007-08 $2,067,004 an increase of $36,051
2008-09 $2,255,770 an increase of $188,766
2009-10 $2,190,254 a decrease of $65,516
2010-11 $2,052,046 a decrease of $138,208
2011-12 $2,080,806 an increase of $28,760
2010-11 MAJOR FUNDS
General Fund Budget $5,233,463
Depreciation Fund $60,000
Building Fund $101,000
DEPRECIATION FUND: Current balance $468,796
06-07 Transfer $155,000
07-08Transfer $150,000
08-09 Transfer $150,000
09-10 Transfer $15,000
10-11 Transfer $60,000
11-12 Transfer $60,000
SPECIAL BUILDING FUND: CurrentBalance $109,607
05-06 Budget $49,000
06-07Budget $120,000
07-08Budget $200,000
08-09Budget $85,000
09-10Budget $55,000
10-11Budget $101,000
11-12 Budget $100,000 (miscellaneous building expenses - city water project payment of $21, 312 begins 12/1/13)
DEBT SERVICE REQUIREMENTS:
BOND FUND:
K-6Bond $260,268 - (refinanced in 2010, lastpayment 2019)
7-12Bond $151,033 - (financed in 2008, last payment 2034)
Total $411,301
LEASE PURCHASE: $42,618 - (last payment 2013)
CAPITAL USE BONDS: $69,254 - (last payment 2016)
TOTAL RESERVES:
(2010-11State allowance 35% of budgetor $1,831,712)
2010-11 Budgeted Cash Reserve = $440,000 “Amended to Expenditure, May 2011 August 2010 Depreciation Balance = $446,474
TOTAL = $886,474
2011-12 State Allowance LB235 45% of budget or $2,390,000
Cash Reserve = $400,000
August 2011 DepreciationBalance = $468,796
2011-12 budgetdepreciation transfer = $60,000
TOTAL = $928,000
2010-11 Levy
GeneralFund (.9839) + K-6 Bond (.1484) + 7-12 Bond (.0810) +Building Fund (.0531) + Capital Use Fund(.0384) =$1.3048
2011-12 Levy
General Fund ( .9988) + K-12 Bond ( .2053) + Building Fund ( .0499) + Capital Use Fund (.0346) = $1.2885
Property Tax Request:
General Fund Budget $2,041,016
Bond Fund $419,528
Building Fund $102,000
Capital Use Fund $70,639
LEVIES:
Past 11 year comparisons:
YEAR LEVY
1996-97 1.7876 5.7% decrease (K-6 Bond Issue 1995-96))
1997-98 1.6798 6.0% decrease
1998-99 1.5473 7.9% decrease
1999-00 1.4412 6.7% decrease
2000-01 1.3558 5.9% decrease
2001-02 1.2492 7.6% decrease
2002-03 1.3163 5.4%increase
2003-04 1.2964 1.5% decrease (Refinanced K-6 Bonds)
2004-05 1.3027 .5%increase
2005-06 1.2962 .2%decrease
2006-07 1.2870 .7% decrease
2007-08 1.2594 2.1% decrease
2008-09 1.3022 3.4%increase (7-12 Bond Issue)
2009-10 1.2919 .8%decrease
2010-11 1.3047 1%increase (Refinanced K-6 Bonds)
2011-12 1.2885 1% decrease