Bondurant-Farrar

COMMUNITY SCHOOL DISTRICT

FY2010 BUDGET PROPOSALMarch 23, 2009 - 5:00 P.M.

MEDIA CENTER

Bondurant-Farrar School District

Revenue Sources

Working Document Prepared by:Alicia Adkins, Business Manager

“Bondurant-Farrar School

District’s General Operating

Fund Budget is Substantially

Influenced in Terms of Total

Budget Authorization and

Funding Components by Iowa

Statutes.”Iowa Statutes

Maximum Authorized Budget

The School District’s Maximum Authorized Budget for General

Fund Expenditures, Also Known as Total Spending Authority (“TSA”)

is Calculated as Follows:

Total Spending Authority

Combined District Cost $9,181,831+/- Prior Year's Unspent Balance $700,000+ Allowance for Construction-SBRC $0+ Instructional Support $502,016+ Ed. Improvement Authority $0+ Preschool Foundation Aid $0+ Miscellaneous Income $889,238

Total Spending Authority $11,273,085

Total Spending Authority

Limits $$$ School District Can Spend

Represents Legal or Statutory Budget Limit

Unused TSA Carries Over to Next Year as

Unspent Balance

Overspending TSA is Violation of Statutory

Authority

Unspent Balance is not Cash

Unspent Balance = Unused TSA

Combined District Cost (CDC)

Formula Driven Weighted Enrollment x

District Cost Per Pupil as Determined by State

Aid & Levy Worksheet Calculates Formula

Miscellaneous Income

From Federal, State & Local Sources

Many Sources are Categorical or Restricted Purpose Funds

Varies According to Sources & Levels of Funding

Everything Except State Aid or Property Taxes

Examples of Miscellaneous Income

Non-CDC General Fund Revenue

Federal & Phase Monies Transportation

Reimbursement Educational Improvement

Enrichment, Asbestos Program

State Grants Interest

ISCAP Investment Surplus

SBRC Additional Allowable Growth

Student Fees Rental Open Enrollment &

Tuition

Board Directed Programs & Levies

General Fund 5 Year Instructional

Support Program Dropout Program Cash Reserve Levy

Special Revenue Funds 33¢ Physical Plant &

Equipment Levy Management Levy

Voter Directed Programs & Levies

General Fund 10 Yr. Instructional

Support Program

Special Revenue Funds $1.34 Physical Plant

& Equipment Levy Playground Levy Debt Levies Local Option Sales

and Service Tax

Operating Fund Revenues by Source

Controlled ByProperty Taxes $2,219,631 100% State FormulaFoundation Aid $6,900,424 100% State Formula

Subtotal $9,120,055

Instructional Support $502,016 BoardEducational Improvement $0 VoterOther Misc. Income $889,238 Federal, State, Local

Subtotal Misc. Income $1,391,254

Dropout Program $63,259 100% BoardCash Reserve Levy $307,141 100% Board

Total Budgeted Revenues * $10,881,709* Includes AEA Flow Thru

General Operating Fund

5%

84%

8%0% 5%

Combined Dist.Cost

InstructionalSupport

Other Misc. Income

Ed. Improvement

Board Directed

Property Tax Levy for the 2009-2010 Budget

Source Amount Rate % Total Control

Formula Taxes $2,219,631 10.83249695 52.76% StateInstruc. Support $298,997 1.45919934 7.11% BoardEd. Improvement $0 0 0.00% VoterDropout $63,259 0.308723803 1.50% BoardCash ReserveSpec. Ed. & SBRC $263,141 1.28421079

Other Levy $44,000 0.21473383 Subt. CRL $307,141 1.49894462 7.30% Board

Total Gen. Fund $2,889,028 $14.0993647 68.67%

FY 2009-10 Property Tax Levy

Source Amount Rate % Total Control

Management $185,000 $0.90286 4.40% BoardRegular PPEL $74,880 $0.33000 1.78% BoardVoted PPEL $304,059 $1.34000 7.23% VoterSchoolhouse $0 $0.00000 0.00% VoterPlayground $0 $0.00000 0.00% VoterCurrent Debt $754,440 $3.32484 17.93% Voter

Subt. Spec. Rev. $1,318,379 $5.89770 31.33%

Total Tax Levy $4,207,407 $19.99706 100.00%

Voter Controlled• 10 yr. Instruct Support• Voter PPEL• Debt

FY 2009-10 Total Tax Levy

Board Controlled• Cash Reserve Levy• Regular PPEL• Dropout• Management Levy

State Controlled• Combined District Cost

53%

22%

25%

Authorize Budget ≠ Line-Item Budget

Line-item budget is the district’s plan to use anticipated revenue to set expenditure limits to maintain district fiscal health. Authorized Budgets establish statutory spending maximums to build capacity to spend all or most available funds, without any intension to spend it all.

Break Even Point

$9,181,831 Combined District Cost$0 SBRC Construction Allowance

$502,016 Instructional Support Program$0 Ed Improvement Program$0 Preschool Foundation Aid

$889,238 Miscellaneous Income$10,573,085 Bottomline Tipping Point