Summit School District #54-6 Preliminary Budget for Fiscal Year 2023
Summit School District #54-6
Preliminary Budget for Fiscal Year 2023
GENERAL FUND
Tax Revenue $324,700.00
Opt Revenue $42,686.00
Other Local $88,050.00
County Apportionment $12,750.00
State Aid $980,617.00
State Apportionment $8,000.00
Wind Farm Tax $225,000.00
Bank Franchise $16,700.00
Total Federal Revenue $358,530.00
Operating Transfers In-Cap.Out $114,000.00
Operating Transfers In-Impact Aid $15,000.00
TOTAL GENERAL FUND $2,186,033.00
GENERAL FUND EXPENDITURES
Elementary Instruction $677,409.00
High School Instruction $340,253.00
Preschool Program $29,727.00
Title Programs $78,118.00
Total InstructionAL $1,125,507.00
Health Services $1,200.00
Library Services $9,820.00
Technology Services $27,485.00
Other Support Services $775.00
After School Program $150,000.00
Community Rec Services $3,807.00
Total Support Services $193,087.00
Election Services $700.00
Legal Services $7,500.00
Audit Services $10,000.00
Board Services $41,010.00
Office of Superintendent $163,685.00
Dean of Students Office $48,005.00
Fiscal Services $79,940.00
Building Operations $258,530.00
Transportation Services $119,442.00
Food Service Program $9,080.00
Total AdministratiONS $737,892.00
Male Activities $29,006.00
Female Activities $28,928.00
Transportation Activities $5,550.00
Combined Activities $56,063.00
Total CO-Curricular $119,547.00
Contingency $10,000.00
TOTAL GENERAL FUND EXPENDITURES $2,186,033.00
CAPITAL OUTLAY REVENUE
Tax Revenue $388,700.00
Use of Prior Year’s Fund Balance $19,000.00
TOTAL CAPITAL OUTLAY $407,700.00
CAPITAL OUTLAY EXPENDITURES
Elementary Instruction $40,500.00
High School Instruction $37,300.00
Library Services $1,000.00
Technology Services $6,500.00
Superintendent Office $2,100.00
Dean of Students Office $1,400.00
Fiscal Services $11,900.00
Building Operations $115,000.00
Transportation Services $60,000.00
Food Service Services $1,000.00
Male Activities $3,500.00
Female Activities $3,500.00
Combined Activities $10,000.00
Transfer to General Fund $114,000.00
TOTAL CAPITAL OUTLAY $407,700.00
SPECIAL EDUCATION
Ad Val Taxes $231,093.00
Medicaid Direct Services Stud $300.00
PL 81-874 Impact Aid $1,400.00
Total Federal Revenue $49,728.00
TOTAL SPED REVENUE $282,521.00
SPECIAL EDUCATIONAL EXPENDITURES
Mild to Moderate Disabilities $109,218.00
Severe Disabilities $109,051.00
Early Childhood $7,300.00
Transition Services $700.00
Psychology Services $12,800.00
Speech Services $21,400.00
Physical Therapy $5,700.00
Occupational Therapy $9,700.00
Administration Services $6,352.00
Transportation Services $300.00
TOTAL SPECIAL EDUCATION EXP. $282,521.00
IMPACT AID
Federal Revenue $35,488.00
TOTAL IMPACT AID REVENUE $35,488.00
IMPACT AID EXPENDITURES
Transfers to General Fund $15,000.00
Transfers to Food Service $20,488.00
TOTAL IMPACT AID EXPENDITURES $35,488.00
BOND
Ad Valorem Taxes $248,590.00
TOTAL BOND REVENUE $248,590.00
BOND EXPENDITURE
Redemption of Principal $170,000.00
Interest Expense $77,590.00
Fiscal Agent Fees $1,000.00
TOTAL BOND EXPENDITURES $248,590.00
FOOD SERVICE
Local Revenue $37,275.00
Federal Reimbursement $84,188.00
Transfer From-Impact Aid $20,488.00
Use of Prior Year Fund Balance $22,694.00
TOTAL REVENUE FOOD SERVICE $164,645.00
FOOD SERVICE EXPENDITURES
Food Service Program Expenses $158,145.00
Summer Food Service Program Expenses $4,000.00
Snack $2,500.00
TOTAL FOOD SERVICE EXPENDITURES $164,645.00
DRIVERS EDUCATION
Local Revenue $5,200.00
TOTAL REVENUE DRIVERS ED $5,200.00
Instructional Expenses $5,200.00
TOTAL DRIVERS ED EXPENSES $5,200.00
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 20, at 5:30 p.m. for the purpose of considering the foregoing Proposed Budget for the fiscal year July 1, 2022 - June 30, 2023.
Kaitlyn Christofferson, Business Manager
Summit School District No. 54-6, Summit, South Dakota
