Aberdeen School District 6-1

Proposed BudgetFiscal Year 2012-2013

July 23, 2012

Mr. Brian Sharp, President Dr. Linda Burdette, Vice-President Mr. Duane Alm, Member Mr. Mike Miller, Member Mr. Robert Nikolas, Member Mr. Brad Olson, Member Mr. Scott Wirth, Member

Dr. Gary Harms, Superintendent Mr. Tom Janish, Director of Finance

Aberdeen School District 6-1Fiscal Year 2012-13 Proposed Budget

Preliminary Budget May 14, 2012

Notice of Public Hearing July 14 & 21, 2012

Public Hearing July 23, 2012

Final Adoption September, 2012

Aberdeen School District 6-1Budget Process FY 2012-13

Aberdeen School District 6-1Fiscal Year 2011-12 General Fund – Results of Operation

Budget Actual Percent

Revenue $21,351,769 $21,582,174 101.1%

Expenditures $22,121,143 $21,451,229 97.0%

Surplus (Deficit) ($769,374) $130,945

FY 2011-12

$21,573,211$5,657,545$6,075,667

$527,333$45,000

$1,608,300$1,894,615

$37,381,671

FUND

General

Capital Outlay Special Education Pension Fund Arena Fund Debt Service Fund Food Service

Total

Aberdeen School District 6-1Budget Process FY 2012-13

FUND $ Change % Change

General ($547,932) (2.5%)

Capital Outlay $219,167 4.0%

Special Education ($144,383) (2.3%)

Pension $25,578 5.1%

Arena $45,000 NA

Debt Service ($3,475) (0.2%)

Food Service $153,615 8.8%

Aberdeen School District 6-1Budget Summary FY 2012-13

FY 11-12 Tax (Budgeted) $18,254,745

FY 12-13 Tax (Budgeted) $19,074,337

Change $ 819,592

Aberdeen School District 6-1Ad Valorem Tax Request Comparison

Collectible In 2012 2013 Change

Taxable Valuations $1,769 M $1,804 M $35 M

Mill Rates:

General Fund

Ag 2.39 2.32 (.07)

Owner Occupied 3.96 4.03 .07

Commercial 8.49 8.63 .14

Capital Outlay 3.00 3.00 .00

Special Ed 1.40 1.40 .00

Pension .30 .30 .00

Debt Service .94 .89 (.05)

Tax Impact on $150,000 home $1,440 $1,443 $3.00

Aberdeen School District 6-1Taxable Valuations and Mill Rates

Aberdeen School District 6-1General Fund Revenue FY 2012-13

Aberdeen School District 6-1Capital Outlay Revenue 2012-13

Aberdeen School District 6-1Special Education Revenue 2012-13

Pension ArenaDebt

Service

Local $527,333 $45,000 $1,611,101

Total $527,333 $45,000 $1,611,101

Aberdeen School District 6-1Other Funds – Revenue FY 2012-13

Aberdeen School District 6-1General Fund Expenditures FY 2012-13

Aberdeen School District 6-1Capital Outlay Expenditures FY 2012-13

Aberdeen School District 6-1Special Education Expenditures FY 2012-13

Pension ArenaDebt

Service

Salary & Benefits

$527,333 $0 $0

Construction Services

$0 $45,000 $0

Debt Service $0 $0 $1,608,300

Total $527,333 $45,000 $1,608,300

Aberdeen School District 6-1Other Funds Expenditures FY 2012-13

Aberdeen School District 6-1Food Service Revenue FY 2012-13

Aberdeen School District 6-1Food Service Local Revenue Breakout FY 2012-13

Aberdeen School District 6-1Food Service Expenditures FY 2012-13