JUDA - The Juda school district voted unanimously to levy $1.29 million for its 2014-15 budget, resulting in an estimated school tax rate of $12.69 per $1,000 of property value, on Oct. 27 at its annual district meeting.
In addition to board members, eight members of the public attended the meeting, according to Pam Green, the school district's bookkeeper.
The 2014-15 tax rate is 38 cents, or 2.9 percent, lower than $13.07 per $1,000 last year.
Under the new tax rate, the owner of a $100,000 home will pay $1,269 for the school tax, or $38 less than last year. The owner of $150,000 of property will pay about $1,904, or $57 less than last year.
The $1.29 million levy is $19,113, or 1.46 percent, less than the $1.31 million levied last year.
Property value this year in the district, at $101.79 million, is up by about 1.66 percent, or $1.66 million, compared to $100.12 million last year.
Of the total property taxes to be levied, the general fund will get $806,800, which is $18,300, or 2.22 percent, less than $825,100 last year.
Non-referendum debt will get about $33,500, which is about $2,000 or 5.75 percent less than $35,500 last year. The referendum debt will take $435,600, just $1,200 or 0.28 percent less. The community fund share of $16,000 is the same as last year.
The district will use $55,245 from its fund balance to balance the budget, and end the year with a balance of $579,400.
All totaled, the district's revenues will be about $4.39 million, which is 3.4 percent less than $4.54 million last year, or down $154,400.
Expenses will total $4.45 million, down 3.9 percent or $180,400, from $4.63 million last year.
The district will head into the year with a $60,200 deficit budget - about $25,000 better than the $86,200 deficit it budgeted last year.
The district will receive about $1.78 million in state equalization aid, up by $21,750 or 1.24 percent, from $1.76 million last year.
Open enrollment will bring in about $530,800, up from $483,400 last year. Open enrollment transfers out will cost about $189,800, about $16,600 or 9.6 percent higher than last year.
General fund revenues will total $3.35 million, up $10,000 or 0.3 percent compared to $3.34 million last year.
The general fund expenses total $3.4 million, which is $17,750 or 0.52 percent more than $3.42 million last year.
Compared to last year, regular curriculum will be up 3.17 percent, or $26,100, for a total of $850,500. Undifferentiated curriculum will be down by 0.85 percent, or $5,000 to $571,200. Vocational instruction will receive $12,600 or 5.89 percent more this year, for a total of $225,860. Physical education will receive 20 percent more, or $17,000, for a total of $100,780. Co-curricular activities will also be going up, by $10,800 or 13.5 percent, to a total of $90,700.
Pupil services are up by 18.5 percent or $14,300 to a total of $91,700. Instructional staff services are also up, totaling $107,400, which is $12,700 or 13.4 percent more than last year.
General administration is down by $7,400 to a total of $163,700, a 4.3 percent decrease from last year. Building administration is down, by 3 percent or $2,600, for a total of $82,600.
Internal services or business administration, which includes heat and sewer, will be down almost 12 percent from last year, or $73,800 to a total of $542,800. Vehicle, equipment and supply purchases are about $43,000 less in that category, and personal services were cut by $21,000. Central services, which includes telephones, postage and delivery, are also down - by 20 percent or $28,000 - this year to $109,900. Fewer equipment purchases, down by $35,600, create the bulk of the reduction after off-setting increases.
An interfund transfer to special education is $216,500 of the general fund budget, down by about 8 percent, or $18,700 from $235,200 last year.
Special education will cost $398,336, compared to $399,934 last year.
Non-referendum debt of $33,470 will be covered by its portion of the property tax.
Referendum debt will total $440,500, up by $2,300 compared to last year. The district is paying $10,000 more on the principal and $7,700 less in interest. Property taxes allotted will be shy by about $5,000 in covering the debt payment.
A long-term loan was paid off last year, giving the district $150,000 extra to distribute back into the budget.
The community fund will have $16,000 from taxes plus an additional $4,000 of revenue to cover its expenses, which are down by $1,330 this year, compared to last year.
In addition to board members, eight members of the public attended the meeting, according to Pam Green, the school district's bookkeeper.
The 2014-15 tax rate is 38 cents, or 2.9 percent, lower than $13.07 per $1,000 last year.
Under the new tax rate, the owner of a $100,000 home will pay $1,269 for the school tax, or $38 less than last year. The owner of $150,000 of property will pay about $1,904, or $57 less than last year.
The $1.29 million levy is $19,113, or 1.46 percent, less than the $1.31 million levied last year.
Property value this year in the district, at $101.79 million, is up by about 1.66 percent, or $1.66 million, compared to $100.12 million last year.
Of the total property taxes to be levied, the general fund will get $806,800, which is $18,300, or 2.22 percent, less than $825,100 last year.
Non-referendum debt will get about $33,500, which is about $2,000 or 5.75 percent less than $35,500 last year. The referendum debt will take $435,600, just $1,200 or 0.28 percent less. The community fund share of $16,000 is the same as last year.
The district will use $55,245 from its fund balance to balance the budget, and end the year with a balance of $579,400.
All totaled, the district's revenues will be about $4.39 million, which is 3.4 percent less than $4.54 million last year, or down $154,400.
Expenses will total $4.45 million, down 3.9 percent or $180,400, from $4.63 million last year.
The district will head into the year with a $60,200 deficit budget - about $25,000 better than the $86,200 deficit it budgeted last year.
The district will receive about $1.78 million in state equalization aid, up by $21,750 or 1.24 percent, from $1.76 million last year.
Open enrollment will bring in about $530,800, up from $483,400 last year. Open enrollment transfers out will cost about $189,800, about $16,600 or 9.6 percent higher than last year.
General fund revenues will total $3.35 million, up $10,000 or 0.3 percent compared to $3.34 million last year.
The general fund expenses total $3.4 million, which is $17,750 or 0.52 percent more than $3.42 million last year.
Compared to last year, regular curriculum will be up 3.17 percent, or $26,100, for a total of $850,500. Undifferentiated curriculum will be down by 0.85 percent, or $5,000 to $571,200. Vocational instruction will receive $12,600 or 5.89 percent more this year, for a total of $225,860. Physical education will receive 20 percent more, or $17,000, for a total of $100,780. Co-curricular activities will also be going up, by $10,800 or 13.5 percent, to a total of $90,700.
Pupil services are up by 18.5 percent or $14,300 to a total of $91,700. Instructional staff services are also up, totaling $107,400, which is $12,700 or 13.4 percent more than last year.
General administration is down by $7,400 to a total of $163,700, a 4.3 percent decrease from last year. Building administration is down, by 3 percent or $2,600, for a total of $82,600.
Internal services or business administration, which includes heat and sewer, will be down almost 12 percent from last year, or $73,800 to a total of $542,800. Vehicle, equipment and supply purchases are about $43,000 less in that category, and personal services were cut by $21,000. Central services, which includes telephones, postage and delivery, are also down - by 20 percent or $28,000 - this year to $109,900. Fewer equipment purchases, down by $35,600, create the bulk of the reduction after off-setting increases.
An interfund transfer to special education is $216,500 of the general fund budget, down by about 8 percent, or $18,700 from $235,200 last year.
Special education will cost $398,336, compared to $399,934 last year.
Non-referendum debt of $33,470 will be covered by its portion of the property tax.
Referendum debt will total $440,500, up by $2,300 compared to last year. The district is paying $10,000 more on the principal and $7,700 less in interest. Property taxes allotted will be shy by about $5,000 in covering the debt payment.
A long-term loan was paid off last year, giving the district $150,000 extra to distribute back into the budget.
The community fund will have $16,000 from taxes plus an additional $4,000 of revenue to cover its expenses, which are down by $1,330 this year, compared to last year.