Student enrollment at the school has steadily increased each year since 2004, rising from 3,582 students to over 4,000 students currently. However, the number of total employees has increased at a slower rate, leading to a deficit. The largest expenses contributing to the $2.1 million deficit are salaries (72%) and benefits (13%) for faculty and staff. Property taxes, which provide revenue to the school, have increased each year by 11-13% on average. However, this revenue has not kept pace with rising costs due to increased enrollment.
5. $2.1 Deficit by Object
Purchased
Services
5%
Equipment
1%
Other
5%
Supplies
4%
Benefits
13%
Salaries
72%
6. $2.1 Million Deficit Expenses by Object
Original 2.1 Million
Deficit
Category Total
Total Ed Fund
Expenditures
% of ED Fund
Expenditures
Salaries
$21,199,080
$29,296,586
72%
Benefits
$3,796,373
$29,296,586
13%
Purchased Services
$1,676,498
$29,296,586
4%
Supplies and
Materials
$1,078,905
$29,296,586
5%
$147,230
$29,296,586
1%
$1,398,500
$29,296,586
5%
Equipment
Payments to Other
Districts
8. Proposed FY15
Category Total
Salaries
$19,787,842
Benefits
$3,990,914
Purchased Services
Supplies and
Materials
Total Ed Fund
Expenditures
Equipment
Payments to Other
Districts
% of ED Fund
Expenditures
$28,122,537
71%
$
28,122,537
14%
$1,098,766
$
28,122,537
4%
$1,479,497
$
28,122,537
5%
$376,019
$
28,122,537
1%
$1,389,500
$
28,122,537
5%
10. Change In Existing EAV by Levy Year
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$$(5,000,000)
$(10,000,000)
$(15,000,000)
11. % Education Fund Tax Revenue Increase by Levy Year
14.00%
12.32%
12.00%
10.00%
11.24%
10.06%
9.91%
8.00%
6.00%
3.95%
4.00%
3.45%
3.27%
2.00%
0.62%
0.00%
2005
2006
2007
2008
2009
2010
2011
2012
12. Education Fund Tax Revenue Increase/ Levy Year
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
2012
2011
2010
2009
2008
2007
2006
2005
$0