1. Budget - A systematic plan for the expenditure of a usually fixed
resource, such as money, during a given period. The total sum of
money allocated for a particular purpose.

3. General Fund $ 60,847,180 58.60%
Debt Service Funds – Exempt / Non-Exempt $ 19,325,164 18.61%
Capital Projects Fund $ 8,815,118 8.49%
Referendum Operating Fund $ 6,786,068 6.54%
Transportation Operating Fund $ 5,200,480 5.01%
Bus Replacement Fund $ 1,530,000 1.47%
Rainy Day Fund $ 1,325,350 1.28%
Total $ 103,829,360 100.00%

4. STATE SUPPORTED FUND
General Fund
Required By I.C. 20-40-2
(Accounting for all receipts and disbursements for current
operating purposes excluding student transportation.)

5. General Fund - Sources of Revenue
State Funding Formula – Based on Student Enrollment
Kindergarten Grant – Based on Student Enrollment
Summer School Funding - Reimbursement
Investment Earnings – Interest Income
Facility - Rental Income

6. Source of Revenue 2014 Estimate Percentage
State Funding Formula $ 55,236,256 98.700%
Summer School Reimbursement $ 225,000 0.4020%
Investment Income $ 30,000 0.0536%
Facility Rental $ 75,000 0.1340%
Student Fees & Miscellaneous $ 400,022 0.7148%
Totals $ 55,966,278 100.00%

7. 2013 2014 Inc./Dec. %
1. Tuition Support $45,007,369 $47,976,424
2. Academic Honors 196,200 218,000
3. Special Education 4,811,738 4,811,738
4. Voc. Education 325,550 325,550
5. Full Day Kindergarten 1,920,000 1,904,544
6. Prime Time 1,365,056 0
Net State Support $53,625,913 $55,236,256 $1,610,343 3.00%

8. 2013 – 2014 Actual 9,354.5 185
2012 – 2013 Actual 9,170.0 162
2011 – 2012 Actual 9,008.0 206
2010 – 2011 Actual 8,802.0 188
2009 – 2010 Actual 8,613.5 255
2008 – 2009 Actual 8,358.5 186
2007 – 2008 Actual 8,172.0 244
2006 – 2007 Actual 7,928.0 485
2.05%
1.84%
2.39%
2.19%
3.05%
2.28%
3.08%
6.52%

9. 8358.5
8613.5
8802
9008
9170
9354.5
7800
8000
8200
8400
8600
8800
9000
9200
9400
9600
2008 2009 2010 2011 2012 2013

10. 6,863
9,355
0
2000
4000
6000
8000
10000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

11. Academic
Achievement,
81%
Std Inst
Support, 7%
Overhead,
12%
Non-
Operational,
0%
General Fund Budget $60,847,180

12. 0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
Salaries Benefits Purch Serv Supplies Other
68.5%
22.5%
4.5% 4.2%
0.3%
General Fund Budget $60,847,180

14. Impacting 2014 Tax Supported Funds
Net Assessed Valuations – Real & Personal Property
Circuit Breaker Loss – Tax Caps

15. Budget
Year
Net Assessed
Valuation
Percentage
Increase
2014 – Est. $ 2,470,062,500 1.00%
2013 $ 2,445,606,389 0.18%
2012 $ 2,441,132,994 1.89%
2011 $ 2,395,761,297 1.36%
2010 $ 2,363,595,005 1.03%
2009 $ 2,339,534,508 (19.39%)

16. 1.3%
1.36%
1.89% 0.18%
1.0%
2,250,000,000
2,300,000,000
2,350,000,000
2,400,000,000
2,450,000,000
2,500,000,000
2009 2010 2011 2012 2013 2014

17. Fund
Advertised Tax
Levy
Circuit Breaker
Loss - (2013)
Debt Service Fund $ 16,057,297 $ 2,232,548
Capital Projects Fund $ 7,838,522 $ 1,089,840
Transp. Operating Fund $ 4,634,628 $ 644,382
Bus Replacement Fund $ 1,191,708 $ 165,690
Referendum Operating Fund $ 6,303,917 Not Applicable
Referendum Capital Debt Fund $ 5,185,163 Not Applicable
Totals $ 41,211,235 $ 4,132,460

18. Budget
Year
Levy
Circuit
Breaker
Net
Levy
Circuit
Breaker %
2010 $ 26,408,447 $ 3,046,504 $ 23,361,943 11.5%
2011 $ 26,571,388 $ 3,260,916 $ 23,310,472 12.3%
2012 $ 26,166,505 $ 3,663,360 $ 22,503,145 14.0%
2013 $ 27,603,560 $ 4,132,460 $ 23,471,100 15.0%
Totals $ 106,749,900 $ 14,103,240 $ 92,646,660 13.2%

20. 0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
NHS Ref Cap WMS NC WR MS-GO EMS NE Temp Ln Txt BK
31.8%
23.1%
21.2%
7.5% 6.2%
4.5%
3.3%
1.8%
0.5% 0.1%

21. 17.6
19.7 19.9
18.6
11.7
11.1
11.8 12.1
6.9
4.2
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
High School
North Elm
West M.S.
Noble Crossing
White River Elm
East M.S.

23. Capital Projects - Funding Concerns
Funding Technology:
Student Population Increasing - 11.92% in 5 Years
One–To–One Implementation
Maintaining Facilities:
Additional 200,000 Square Feet in Past 3 Years – 10% Increase
Revenue Shortfall:
Revenue Flat Lined Over Past 5 Years

24. 6.0
6.8
7.1
8.7
6.1
6.3
5.9
5.4
5.9
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
2005 2006 2007 2008 2009 2010 2011 2012 2013

25. Technology – Equipment & Ser. $ 3,226,000 36.6%
Land Acquisition & Prof. Services $ 750,000 8.5%
Utilities & Property Insurance $ 1,342,193 15.2%
Maintenance of Facilities / Rental $ 1,039,750 11.8%
Maintenance of Equip. $ 807,300 9.2%
Purchase of Equip. $ 695,000 7.9%
Installment Contracts $ 304,875 3.6%
Sports Facilities / Other $ 650,000 7.3%

27. Admin.
7.3%
Vehicle Oper.
56.5%
Monitoring Ser.
9.2%
Training
0.5%Vehicle Maint.
25.4%Insur.
1.7%
Contract
Ser,0.2%

28. Bus Replacement Fund
Replacement Budget $1,530,000

29. $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
$1,530,000
$1,501,200
$147,300
$2,654,400
$2,152,600
$1,600,000
$1,572,000
$730,800
$1,183,600
$1,479,000
$1,166,000
$1,004,000

31. Academic
Achievement
75.90%
Std Inst
Support
9.28%
Overhead
14.82%

32. Transportation Operational Cost $ 825,350 62.3%
Capital Expenditures $ 500,000 37.7%
Totals $ 1,325,350 100.0%

33. Non-Exempt Debt $ 2,470,062,453 $ 16,057,297 $ 16,057,297
Capital Projects $ 2,470,062,453 $ 7,838,522 $ 7,266,265
Transportation Oper. $ 2,470,062,453 $ 4,634,628 $ 4,365,706
Bus Replacement $ 2,470,062,453 $ 1,191,708 $ 991,131
Referendum Oper. $ 2,711,562,453 $ 6,303,917 $ 5,814,265
Exempt Debt $ 2,711,562,453 $ 5,185,163 $ 5,185,163
Totals $ 41,211,235 $ 39,679,830

34. Total Tax Levy $ 36,456,491 $ 41,211,235 $ 39,679,830
Assessed Valuation $ 2,445,606,389 $ 2,470,062,453 $ 2,484,192,919
Change In A.V. 1.00% 1.578%
Tax Rate $ 1.4584 $ 1.6269 $ 1.5546
Projected A.V. Increase of 1.578% $ 2,484,192,919
Additional TIF A.V. $ 264,868,467

35. Additional Consideration For 2014
Tax Anticipation Warrants

36. Budget Adoption Meeting
October 29, 2013

37. SUMMARY COMMENTS
Student Enrollment
Consistent Growth Averaging 2.4% Over 5 Years
Property Tax Assessed Valuation
Modest Positive Growth Averaging 1.2% Over 5 Years
Increasing Operational Cost
Student Growth Exceeding Assessed Valuation Growth
Circuit Breaker / Tax Caps
Flat Lining Local Property Tax Revenue