Agenda Item
7.02 Approve 2009-10 Budget
Meeting:
06/18/2009 Regular Meeting 7 p.m. REVISED
Category:
7. ITEMS FOR DECISION
Agenda Type:
Action
Agenda Item Content
Background Information
For statutory compliance, the District must approve a budget prior to July 1 annually. The 2009-10 revenue budget includes estimated assessed valuation with no increase, state funding using the planned fourth year phase-in of the basic formula calculation, enrollment of 17,235 students (a 98-student increase from 2008-09 or 0.57%) and a total levy of $5.9314--the best estimate using data from the Jackson County Assessment Department received in March. The preliminary Levy Rate includes a recommended voluntary roll-up of $0.095 as per Missouri Statute. Other revenue areas are based on historical information and the most current information from DESE. The Revenue Budget will continue to be refined pending actual assessed values and other pertinent data. Revenue budget amendments will be presented during the September tax rate hearing, tentatively set for 6:30 P.M., September 28, 2009.
Operating and capital budgeted funds have been adjusted to incorporate expenses identified during the budget development process, incorporate the cost containment reductions previously reviewed by the Board of Education, and include the following increases:
- Salary step movement and equivalent percent
- Recommendations from T. E. A. M. Lee's Summit regarding benefits continuation
- Operational expenses, such as utilities (for added buildings/additional space), insurance, etc.
- Increased retirement match
The Debt Service Fund reflects an estimate of 2009-10 principal and interest payments.
The Bond Fund includes estimates for the remaining expenditure of 2008 bond funds.
The 2009-10 budget estimate summary shows a projected June 30, 2010 operating fund cash balance of $23,511,835 or 14.19%. The preliminary estimated end balance shows an approximate $1.3 million increase to the FY10 beginning balance.
Administrative Recommendation
It is recommended that the Board of Education approve the 2009-10 budget as presented.
SOT Member: Dr. Tom Kurucz, Judy Hedrick
Time: 5 min.
Action Agenda Details
Motion:
to approve the 2009-10 budget as presented
Motion By:
Jack A Wiley
Second:
Michael S Dodig
Action:
Unanimous
Voting Record
Gene T Brixey
Yea
Patti L Buie
Yea
Ron Baker
Yea
Michael S Dodig
Yea
Jon R Plaas
Yea
Jeff A Tindle
Yea
Jack A Wiley
Yea