Supplemental Levy Information Meeting - March 25

Please consider attending the supplemental levy information meeting in the multi-purpose room at 7:00 PM on Thursday, March 25th. I will show a PowerPoint presentation that briefly explains the budgeting process, how state aid is impacted by average daily attendance, the cost of the levy and the reasons that the Board of Trustees passed a resolution requesting that the patrons consider the passage of a supplemental levy to support education in the school district.

The proposed FY2011 maintenance and operations budget includes reductions in staffing, expenditure of carry-over funds and other reductions to arrive at the $700,000 levy request. While this request is more than last years levy, it is less than anticipated due to several factors. However, concern remains that the Governor will declare a 5% hold back in FY2011 due to declining state revenue so we are being advised to prepare for that possibility. The hold back was not anticipated at the time the levy was set.

The entire budget is not finalized and adopted until the June board meeting. There are actually twenty different budgets. The maintenance and operations budget is the main budget which supports the general education of students. The other nineteen budgets address specific areas such as technology, professional-technical education, plant facilities, child nutrition, special education, etc. The M&O budget will change right up to the day it is adopted as additional information is received which helps us determine more accurately the financial position of the school district.

The meeting is a good opportunity to ask your questions about the budget and levy.