Tentative 2012-13 Budget Available for Public Review

6/4/2012  

At the Monday, May 7, Board of Education meeting, the Board approved a resolution designating that the Tentative Proposed Budget for 2012-13 be placed on display for public review.

The proposed budget will be available at the Administration Building (203 West Hillside Road), at Nichols and Naper branches of the public library and via the district web site. Following 30 days of review, adoption of the budget requires at least one Public Hearing. The date for the hearing will be Monday, June 18 at 7:00 pm at the administration building.

TENTATIVE PROPOSED BUDGET HIGHLIGHTS
TENTATIVE  BUDGET  2012-2013

The proposed budget totals $240.9 million in expenditures, including $233.8 million in operating expenses, which represents a 4.0 percent increase over the 2011-12 budget, and $3.6 million in construction projects. The average taxpayer is paying 1.5% more than last year. The entire Debt Service Levy on the $43 million referendum Bond Issue was abated for the 2011 tax levy (payable in 2012).

Budgeted State funding has declined but the State has not passed its budget for the year. Employee salaries are an average of 2.5% higher than last year’s budget; benefits are 6.4% higher due chiefly to increases in medical insurance costs.

Facilities Construction includes $3.6 million for gymnasiums/ multipurpose room at Elmwood, Steeple Run, and Prairie schools.

Other impacts include: certified staffing increased by 9.84 full time equivalent (FTE) employees; One-time expenses totaling $1.2 million including Kindergarten start-up costs, Learning Management System (LMS) software, Data Warehouse software, SharePoint software update, and bringing Lawson servers in-house; lunch prices increased $.10 elementary, $.15 middle school, and $.10 high school to comply with Federal regulations; basic student fees are unchanged and other student services, programs, and operations maintained similar level to last year; basic student fees are unchanged.
 

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