Budget/Tax
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BUDGET PRESENTATION
The development, review, and consideration of the 2011-12 budget was completed with a detailed review of all revenue and expenditure items within the context of the District’s strategic plan and our finance and operating policies and guidelines.
We are proud to publish and disseminate budget information to the Board of Education and to our community.
DISTRICT STRATEGIC PLAN AS RELATED TO THE BUDGET
The budget reflects the allocation of revenue and expenditures to support educational programs and services defined by the District’s mission articulated through financial and operating policies and guidelines. The budget represents a delicate balance between the educational needs of students and the ability of the community to provide the necessary support. The District has made a concerted effort to keep class sizes within the Board guidelines.
BUDGET PROCESS AND SIGNIFICANT CHANGES
The budget process is comprised of five phases – planning, preparation, adoption, implementation, and evaluation. The preparation of the budget began in November by examining all revenues, expenditures and enrollment histories; operating factors were examined in the local area, county and state which would influence revenues. The forecast of student enrollment was developed, and the
enrollment is projected to increase by 65 students, resulting in a projected enrollment for 2011-12 of 5,175. This forecast of enrollments provides the assumption on which allocations for building budgets are formulated and staff resources are determined. This forecast includes the Phase II students of Special School District. Enrollment projections show an enrollment in 2015-16 of 5,270, an increase of 160 students in 5 years.
In an effort to project the tax rate for 2011, we have assumed a $22M decrease in the assessed value of the properties in the district. As a result, the following data has been generated:
Predicted Assessed Valuation, not including TIF properties: $1,194,825,270
| Operating Levy | Debt Service Levy | Total Tax Rate | |
| Residential Real Estate | $3.8490 | $0.3650 | $4.2140 |
| Agricultural Real Estate | $4.9991 | $0.3650 | $5.3641 |
| Commercial Real Estate | $5.1357 | $0.3650 | $5.5007 |
| Personal Property Real Estate | $4.3934 | $0.3650 | $4.7584 |
| Blended Rate | $4.1431 | $0.3650 | $4.5081 |
*These figures are projections only and in no way should they be used as firm tax figures for 2011-12.
Click here to view the Budget Information:
2011-12 Budget Book for Kirkwood School District
2010-11 Budget Book for Kirkwood School District (pdf, 4.47MB)