Summit School District #54-6 Preliminary Budget for Fiscal Year 2022
Summit School District #54-6
Preliminary Budget for Fiscal Year 2022
GENERAL FUND REVENUE FY22
Tax Revenue $317,219.00
Opt Revenue $49,500.00
Other Local $85,260.00
County Apportionment $16,114.00
State Aid $978,633.00
State Apportionment $12,500.00
Wind Farm $107,420.00
Bank Franchise $16,695.00
Total Federal Revenue $373,354.00
Operating Transfers In-Cap.Out $75,000.00
Operating Transfers In-Impact Aid $25,755.00
TOTAL GENERAL FUND REVENUE $2,057,450.00
GENERAL FUND EXPENDITURES
Elementary Instruction $658,126.00
High School Instruction $323,138.00
Preschool Program $31,306.00
Title Programs $67,318.00
Total InstructionAL $1,079,888.00
Health Services $1,000.00
Library Services $10,875.00
Technology Services $25,746.00
Other Support Services $300.00
After School Program $150,000.00
Total Support Services $187,921.00
Election Services $700.00
Legal Services $7,500.00
Audit Services $10,000.00
Board Services $41,010.00
Office of Superintendent $144,543.00
Dean of Students Office $42,232.00
Fiscal Services $76,020.00
Building Operations $241,091.00
Transportation Services $103,608.00
Food Service Program $9,080.00
Total AdministratiONS $675,784.00
Male Activities $29,308.00
Female Activities $22,675.00
Transportation Activities $5,500.00
Combined Activities $46,374.00
Total CO-Curricular $103,857.00
Contingency $10,000.00
TOTAL GENERAL FUND EXPENDITURES $2,057,450.00
CAPITAL OUTLAY REVENUE
Tax Revenue $356,400.00
Other Federal Revenue $8,400.00
Prior Year’s Fund Balance Use $35,000.00
TOTAL CAPITAL OUTLAY REV. $399,800.00
CAPITAL OUTLAY EXPENDITURES
Elementary Instruction $43,747.00
High School Instruction $69,753.00
Library Services $1,000.00
Technology Services $9,000.00
Superintendent Office $2,000.00
Dean of Students Office $1,400.00
Fiscal Services $10,900.00
Building Operations $107,000.00
Transportation Services $60,000.00
Food Service Services $3,000.00
Male Activities $5,000.00
Female Activities $5,000.00
Combined Activities $7,000.00
Transfer to General Fund $75,000.00
TOTAL CAPITAL OUTLAY EXP. $399,800.00
SPECIAL EDUCATION REVENUE
Ad Val Taxes $231,931.00
Medicaid Direct Services Stud $300.00
PL 81-874 Impact Aid $2,800.00
Federal Revenue $26,447.00
Operating Transfers In-Impact Aid $10,000.00
TOTAL SPED REVENUE $271,478.00
SPECIAL EDUCATIONAL EXPENDITURES
Mild to Moderate Disabilities $131,650.00
Severe Disabilities $79,369.00
Early Childhood $6,700.00
Transition Services $500.00
Psychology Services $12,500.00
Speech Services $20,700.00
Physical Therapy $5,100.00
Occupational Therapy $9,100.00
Administration Services $5,559.00
Transportation Services $300.00
TOTAL SPECIAL EDUCATION EXP. $271,478.00
IMPACT AID REVENUE
Federal Revenue $56,000.00
Use of Prior Year Fund Balance $7,704.00
TOTAL IMPACT AID REVENUE $63,704.00
IMPACT AID EXPENDITURES
Transfers to General Fund $25,704.00
Transfers to Special Education $10,000.00
Transfers to Food Service $28,000.00
TOTAL IMPACT AID EXPENDITURES $63,704.00
BOND REVENUE
Ad Valorem Taxes $245,365.00
TOTAL BOND REVENUE $245,365.00
BOND EXPENDITURE
Redemption of Principal $165,000.00
Interest Expense $79,365.00
Fiscal Agent Fees $1,000.00
TOTAL BOND EXPENDITURES $245,365.00
FOOD SERVICE REVENUE
Local Revenue $10,650.00
Federal Reimbursement $111,000.00
Operating Transfers In-Impact Aid $28,000.00
TOTAL REVENUE FOOD SERVICE $149,650.00
FOOD SERVICE EXPENDITURES
Food Service Program Expenses $142,650.00
Summer Food Service Program Expenses $3,500.00
Snack $3,500.00
TOTAL FOOD SERVICE EXPENDITURES $149,650.00
DRIVERS EDUCATION REVENUE
Local Revenue $5,000.00
TOTAL DRIVERS ED REVENUE $5,000.00
DRIVERS EDUCATION EXPENDITURES
Instructional Expenses $5,000.00
TOTAL DRIVERS ED EXPENDITURES $5,000.00
NOTICE:
Notice is hereby given that the Board of Education of the Summit School District 54-6 will conduct a public hearing at the Summit School in Summit, SD, on Wednesday, July 14, at 6 p.m. for the purpose of considering the foregoing Proposed Budget for the fiscal year July 1, 2021 - June 30, 2022.
Kaitlyn Christofferson, Business Manager
Summit School District No. 54-6, Summit, South Dakota
