Pupil Enrollment
Revenue Limit Formula
Property Taxes
State and Federal Aid
Revenues and Expenditures
100
Third Friday in September and Second Friday in January
What are the official student count dates? The students present on these dates (or before and after these dates if absent) are counted for the district's official count numbers in calculating its revenue limit and equalization aid.
100
$0
What is the allowed per pupil increase in the revenue limit formula for the 2015-16 budget? This is the second year in a row of $0 allowed per pupil change in the revenue limit formula as governed under the State budget. The district's 2015-16 maximum revenue/member stands at $9,737.23 for this year. No per pupil revenue limit increase is anticipated for the 2016-17 budget either.
100
$10.73
What is the mill rate for the district for 2015-16? The mill rate was set by the Board in October 2015 and included an increase in the district's equalized values of 4.45%.
100
$12,185,939
What is the amount of state equalization aid for the district in the 2015-16 budget? This equates to 57.35% of the general fund revenues.
100
$17,239,093
What is the total amount of salaries and benefits budgeted in the 2015-16 budget? This includes all funds (general, special education, food service, community service and co-op program) and all types of compensation (employees, substitutes, coaches).
200
127-195 = -68
What are the number of open enrollment students coming into the district from other districts (127) minus the number of students going out of the district to other districts (195) equalling the net loss of pupils to open enrollment on the Third Friday count in September, 2015? Since the open enrollment transfer amount is $6,639 this equates to a loss to the district of $425,559.90 once student FTE is factored in.
200
Community Service (Fund 80) levy, Referendum Approved Debt (Fund 30) levy, Energy Efficiency Projects and Non-Recurring Referendum.
What are revenues that are outside of the district's revenue limit amount? For the district these total $2,644,418 in 2015-16. In 2016-17 the $775,000 operational revenue will be added.
200
$7,018,186, $2,850,579 and $4,459
What are the 2015-16 property tax levies for the general fund, debt service fund and community service fund? The 2015-16 total levy is $9,873,224 which was certified in October, 2015 once final pupil count, equalization aid and property values were known. Certification of the levy takes place four months after the beginning of the fiscal year.
200
Primary, Secondary and Tertiary
What are the three levels of equalization aid? The state equalization aid formula is a complicated calculation that involves pupil count, district expenditures and property values. Expenditures are aided at three different levels - primary, secondary and tertiary.
200
$28,226,114
What is the net total expenditures budgeted in all funds for the 2015-16 fiscal year? The total expenditures include the general fund (10), special projects fund (20) debt service fund (30), capital projects fund (40), food service fund (50), community service fund (80) and package & cooperative program fund (90).
300
102
What was the total number of Full Time Equivalent (FTE) students generated by the 2015 summer school program? 40% of this number (41) is factored into the district's revenue limit membership three-year average. The entire number (102) is used for equalization aid purposes.
300
State equalization aid, property tax levy and state computer aid.
What are the sources of funds that make up the revenue limit? Once the revenue limit amount has been determined, the fixed amount is split between equalization aid, property tax levy and state computer aid. As one is increased (example equalization aid) another is decreased (example property taxes). An increase to any side, does NOT increase the revenue limit amount for the district.
300
$919,842,484
What was the district's October, 2015 equalized value? At one point in time (2009-10) the district's equalized value topped $1 billion.
300
Transportation, Library, Special Education and Per Pupil Adjustment
What are different types of state categorical aid? Annually, the district files reports on student transportation (number of students and miles transported) census information (students in the district ages 4-20), special education expenditures and student enrollments. This data is used to allocate various "categorical" aid to districts.
300
Salaries and Benefits, Open Enrollment, Buildings and Grounds, Transportation and Early Retirement
What are the top five highest expenditure locations in the 2015-16 district budget? Together, these areas total over $16 million of the district's $21 million general fund budget for the year.
400
1,987
What was the district's pupil count (in FTEs) on the Third Friday in September, 2015? This number is used in the district's revenue limit formula as well as in calculating state equalization aid. It incorporates open enrollment ins and outs.
400
1984, 1962, 2028 = 1,991
What is the calculation in the revenue limit formula that determines the three-year FTE membership average? These are the actual numbers for the counts in 2013, 2014 and 2015. It is estimated that the three-year average FTE membership will increase by 8 FTE to 2,000 for the 2016-17 revenue limit calculation (1962, 2028, 2010).
400
9
What is the number of separate municipalities that are totally or partially within the district? All or portions of the following municipalities have property within the district boundaries: City of Jefferson; Town of Aztalan; Town of Concord; Town of Farmington; Town of Hebron; Town of Jefferson; Town of Oakland; Town of Sullivan; Village of Sullivan
400
Fund 50
What is the food service fund? Our food service program is self-supporting so it does not rely on general fund revenues. In 2014-15, fund 50 received over $614,000 in federal support based on the number of meals served and free and reduced numbers. The balance of the revenues come from state and local (family payments) funds.
400
$81,894
What is the 2015-16 budget for donations that have been approved by the Board so far this fiscal year? In addition, the district receives significant non-cash donations in the form of materials, supplies and services throughout the school year.
500
162 and 121
What are the number of 12th graders and the number of 5-year old kindergartners on the Third Friday in September count of 2015? Our highest enrollment grade in 2015-16 was the 10th grade with 178 students on the third Friday count date.
500
$20,492,587
What is the estimated 2016-17 district revenue limit with all exemptions? Exemptions include non-recurring referendum and energy efficiency.
500
August
What is the month that the district receives the balance of its tax levy for the PRIOR fiscal year? At the end of the 2014-15 fiscal year (June 30, 2015) the district had outstanding property tax receivables of $2,920,397.97. This payment was made to the district by Jefferson County in mid-August. At the end of the 2015-16 fiscal year, the receivable will be $2,822,523.60.
500
$882,412.48
What is the amount the district received in 2014-15 in federal aid other than for food service? The district receives federal funds for various programs including Title I, II and III, Flow-Through and Early Childhood Entitlements and Carl Perkins.
500
$253,285.72
What is the amount received in 2014-15 in the student activity fund (22)? These are funds raised by various programs (primarily athletics) that are used to support their activities.
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