Summit School District #54-6 Preliminary Budget for Fiscal Year 2024
Summit School District #54-6
Preliminary Budget for Fiscal Year 2024
GENERAL FUND
Tax Revenue $327,625.00
Opt Revenue $25,000.00
Other Local $120,782.00
County Apportionment $17,838.00
State Aid $1,132,319.00
State Apportionment $9,000.00
Wind Farm Tax $500,000.00
Bank Franchise $18,738.00
Total Federal Revenue $466,176.00
Prior Years Fund Balance $99,354.00
TOTAL GENERAL FUND $2,716,832.00
GENERAL FUND EXPENDITURES
Elementary Instruction $806,601.00
High School Instruction $378,008.00
Preschool Program $37,143.00
Title Programs $72,986.00
Total InstructionAL $1,294,738.00
Health Services $1,200.00
Library Services $10,050.00
Technology Services $30,101.00
Other Support Services $1,372.00
After School Program $160,000.00
Community Rec Services $4,307.00
Total Support Services $207,030.00
Election Services $700.00
Legal Services $17,500.00
Audit Services $10,000.00
Board Services $60,160.00
Office of Superintendent $173,495.00
Dean of Students Office $51,110.00
Fiscal Services $85,794.00
Building Operations $278,975.00
Transportation Services $125,024.00
Food Service Program $26,580.00
Total AdministratiONS $829,338.00
Male Activities $31,008.00
Female Activities $31,029.00
Transportation Activities $5,600.00
Combined Activities $68,089.00
Total CO-Curricular $135,726.00
Contingency $10,000.00
Transfer Wind Farm Tax $240,000.00
TOTAL GENERAL FUND EXPENDITURES $2,716,832.00
CAPITAL OUTLAY
Tax Revenue $454,008.00
Wind Farm Tax $240,000.00
Use of Prior Year’s Fund Balance $259,392.00
TOTAL CAPITAL OUTLAY REV $953,400.00
CAPITAL OUTLAY EXPENDITURES
Elementary Instruction $47,000.00
High School Instruction $34,500.00
Library Services $1,000.00
Technology Services $6,500.00
Superintendent Office $2,100.00
Dean of Students Office $1,400.00
Fiscal Services $10,900.00
Building Operations $705,000.00
Transportation Services $125,000.00
Food Service Services $1,000.00
Long Term Debt -
Male Activities $5,000.00
Female Activities $5,000.00
Combined Activities $9,000.00
TOTAL CAPITAL OUTLAY $953,400.00
SPECIAL EDUCATION
Ad Val Taxes $258,301.00
Medicaid Direct Services Stud $300.00
PL 81-874 Impact Aid $2,300.00
Transfer From-Impact Aid $15,000.00
Prior Years Fund Balance $64,036.00
TOTAL SPED REVENUE $339,937.00
SPECIAL EDUCATIONAL EXPENDITURES
Mild to Moderate Disabilities $128,340.00
Severe Disabilities $104,047.00
Early Childhood $12,000.00
Transition Services $500.00
Psychology Services $24,100.00
Speech Services $36,000.00
Physical Therapy $12,000.00
Occupational Therapy $15,800.00
Administration Services $7,150.00
TOTAL SPECIAL EDUCATION EXPENDITURES $339,937.00
IMPACT AID
Local Revenue -
Federal Revenue $32,618.00
TOTAL IMPACT AID REVENUE $32,618.00
IMPACT AID EXPENDITURES
Transfers to Food Service $17,618.00
Transfers to Special Education $15,000.00
TOTAL IMPACT AID EXPENDITURES $32,618.00
BOND
Ad Valorem Taxes $245,537.00
TOTAL BOND REVENUE $245,537.00
BOND EXPENDITURE
Redemption of Principal $170,000.00
Interest Expense $74,537.00
Fiscal Agent Fees $1,000.00
TOTAL BOND EXPENDITURES $245,537.00
FOOD SERVICE
Local Revenue $61,925.00
Federal Reimbursement $74,200.00
Transfer From-Impact Aid $17,618.00
Use of Prior Year Fund Balance $31,000.00
TOTAL REVENUE FOOD SERVICE $184,743.00
FOOD SERVICE EXPENDITURES
Food Service Program Expenses $178,743.00
Summer Food Service Program Expenses $4,000.00
Snack $2,000.00
TOTAL FOOD SERVICE EXPENSES $184,743.00
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 here by 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 19th at 5:30 p.m. for the purpose of considering the foregoing Proposed Budget for the fiscal year July 1st 2023 - June 30th, 2024.
Kaitlyn Christofferson, Business Manager
Summit School District No. 54-6, Summit, South Dakota
Published once at an approximate cost of $146.69 and can be viewed free of charge at www.sdpublicnotices.com.
