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Budget and Tax Rate Information

School Year 2007-2008

As adopted on August 20, 2007

Overview of Revenue and Expenditures

 

               
     2006/07 AMENDED     2007/08     Net   2007/08         % of  Revenue
   BUDGET     BUDGET    Change  
STATE REVENUE              
PER CAPITA                     541,804                      566,133                     24,329   4.15%
FOUNDATION - SALARY AND OPERATIONS                  5,309,291                   6,464,099                1,154,808   47.43%
HB 1 ADDITIONAL AID                     268,620                      252,792                    (15,828)   1.85%
TRS ON BEHALF                     605,588                      572,418                    (33,170)   4.20%
BASTROP - SPED COOP - FISCAL AGENT REIM.                       17,000                        17,000                               -   0.12%
  OTHER STATE REVENUE                         8,000                        58,000                     50,000   0.43%
  TOTAL STATE REVENUE                  6,750,303                   7,930,442                1,180,139   58.19%
               
FEDERAL REVENUE              
MAC PGM REIMBURSEMENT                         7,500                          7,500                               -   0.06%
INDIRECT COST REVENUE                         9,500                            9,500                               -   0.07%
  FEDERAL E-RATE REVENUE                       25,000                        25,000                               -   0.18%
  TOTAL FEDERAL REVENUE                       42,000                        42,000                               -   0.31%
                 
LOCAL REVENUE              
DELINQUENT TAXES                     458,400                      450,000                      (8,400)   3.30%
PENALITIES AND INTEREST & OTHER TAX REV.                     211,800                      165,000                    (46,800)   1.21%
INTEREST INCOME                     180,000                      200,000                     20,000   1.47%
ATHLETIC ACTIVITIES                       67,300                        65,000                      (2,300)   0.48%
OTHER LOCAL REVENUE                       42,074                          7,524                    (34,550)   0.06%
DRAW FROM FUND BALANCE                                 -                      120,465                   120,465   0.88%
  PROPOSED TAX REVENUE                  5,347,972                   4,647,857                  (700,115)   34.10%
  TOTAL LOCAL REVENUE                  6,307,546                   5,655,846                  (651,700)   41.50%
                 
TOTAL REVENUE                13,099,849                 13,628,288                   528,439   100.00%
  TOTAL EXPENDITURES                13,253,133                 13,628,288                   375,155   100.00%
  REVENUE OVER/(UNDER) BUDGET                    (153,284)                                 0                   153,284