Archive for Thursday, July 19, 2007

Preliminary district budget numbers show increase of less than 1 mill

July 19, 2007

Funds in a proposed 2007-08 Eudora USD 491 budget leave room for five-and-a-half new teaching positions. The preliminary numbers also show a slight increase in the district's overall mill rate.

Last Thursday, Superintendent Marty Kobza presented the USD 491 Board of Education with a proposed 2007-08 budget totalling $20.7 million.

"What this budget includes is additional staff that you hired this year, five-and-a-half additional positions in order to keep your class sizes where you want them to be," Kobza said.

District officials predicted an estimated mill levy of 66.468 mills for the upcoming school year. Last year, the district levied 66.273 mills.

"In essence, you are holding it floating or bringing it down when everything comes in," Kobza said.

The Douglas County Clerk will release final assessed valuation numbers in September that will solidify the projected mill rate. The district can set the amount it will spend in the coming year in the preliminary budget. The preliminary budget establishes expenditure ceilings, not mill levies.

Kobza assured the board this year's budget was based on conservative assumptions of the growth of the districts assessed valuation.

The district's assessed valuation has two values in the budget. In the general fund, the assessed valuation reflects a $20,000 tax break for single-family homes. According to the preliminary numbers, the district's assessed valuation in the general fund rose from $49,462,366 to $51,652,028.

The assessed valuation of all other funds rose from $54,846,401 to $57,360,858.

The district also lined out a total operating budget $8,717,819 for the coming year.

Officials also set aside $954,647 for infrastructure improvements or building repair in the capital outlay fund. The board maintained 8 mills of taxing authority for capital outlay funds.

The district lowered it' taxing authority for the local option budget from 18.602 last year to a projected 18.225 this year.

The amount of money needed to service the district's outstanding bond debts also fell this year. The district needed to raise 20.671 mills last year to service the debt. This year the district only needs to raise 20.243 mills.

Disrtict officials estimate a full-time enrollment of xxxx for the coming year. Last year the district had xxx student. The state uses the FTE number to determine allotted funding based on the amount of students who attend the school fulltime. In the system, kindergarten students are counted as one-half students.

A public hearing for the budget will be at 6:30 p.m. August 9 at the Eudora Middle School Library, 2635 Church St.

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