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12-31-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

Total Revenues       (FY 2013 -
Budgeted)

$3,886,000

$3,886,000

$3,981,000

$4,096,000

$4,416,000

$4,791,000

(FY 2014-18 Prior Year
Projected)

Additional Funding
from Student

Enrollment Increase (1)

20,000

50,000

100,000

125,000

125,000

State Aid Increase
(2)

100,000

65,000

65,000

65,000

110,000

Raising Tax Levy to
max (1.2 - 1.4)

0

0

0

130,000

135,000

0

Other Revenue
Increases/(Decreases)

(25,000)

0

25,000

50,000

25,000

Total Revenues

$3,886,000

$3,981,000

$4,096,000

$4,416,000

$4,791,000

$5,051,000

Total
Expenditures  (FY
2013 - Budgeted)

$3,886,000

$3,886,000

$4,231,000

$4,496,000

$4,681,000

$4,866,000

(FY 2014-18 Prior Year
Projected)

Salary Increases
(3)

75,000

50,000

50,000

50,000

70,000

Benefits Increases
(4)

25,000

50,000

40,000

40,000

40,000

Substitute
Teacher Salary Increase

5,000

Additional Staff

215,000

145,000

75,000

75,000

75,000

Other (Supplies,
Materials, Utilities, etc.)

25,000

20,000

20,000

20,000

0

Total Expenditures

$3,886,000

$4,231,000

$4,496,000

$4,681,000

$4,866,000

$5,051,000

Budget
Surplus/(Deficit)

$0

($250,000)

($400,000)

($265,000)

($75,000)

$0

Estimated Fund
Balance @ year end

$1,100,000

$850,000

$450,000

$200,000

$125,000

$125,000

28%

20%

10%

4%

3%

2%

Assumes
"other" & federal revenue remain stable.

Assumes no significant changes in current State Aid
formulas.

Schedule
is for projection purposes only.  It is
in no way intended to reflect actual negotiations with teachers union.

(1) "Child
Count" Increases

(5)

43

20

25

25

25

(2)
State Aid % Increases

0.00%

3.00%

2.00%

2.00%

2.00%

3.00%

(3) Salary %
Increases

2.30%

3.00%

2.00%

2.00%

2.00%

3.00%

(4) Benefits %
Increases

0.00%

5.00%

10.00%

8.00%

8.00%

8.00%