Summit School District #54-6 Preliminary Budget for Fiscal Year 2027
Summit School District #54-6 Preliminary Budget for Fiscal Year 2027
GENERAL FUND
Tax Revenue $365,619.00
Opt Revenue $50,000.00
Other Local $184,600.00
County Apportionment $20,100.00
State Aid $942,890.00
State Apportionment $15,000.00
Wind Farm Tax $520,000.00
Bank Franchise $10,000.00
Total Federal Revenue $328,771.00
Prior Years Fund Balance $302,220.00
TOTAL GENERAL FUND $2,739,200.00
GENERAL FUND EXPENDITURES
Elementary Instruction $756,805.00
High School Instruction $326,886.00
Preschool Program $33,979.00
Title Programs $61,774.00
Total InstructionAL $1,179,444.00
Health Services $50,782.00
Library Services $10,762.00
Technology Services $38,794.00
Other Support Services $1,250.00
After School Program $48,630.00
Community Rec. Services $4,307.00
Total Support Services $154,525.00
Election Services $700.00
Legal Services $15,000.00
Audit Services $18,000.00
Board Services $72,900.00
Office of Superintendent $173,614.00
Dean of Students Office $54,711.00
Literacy Coaching $174,219.00
Fiscal Services $100,554.00
Building Operations $307,101.00
Transportation Services $140,906.00
Food Service Program $17,650.00
Total AdministratiONS $1,075,355.00
Male Activities $38,126.00
Female Activities $39,737.00
Transportation Activities $7,200.00
Combined Activities $84,813.00
Total CO-Curricular $169,876.00
Contingency $10,000.00
Transfer Wind Farm Tax $144,507.00
Transfer to Food Service Fund $5,493.00
TOTAL GENERAL FUND EXPENDITURES $2,739,200.00
CAPITAL OUTLAY
Tax Revenue $225,519.00
Total Federal Revenue -
Wind Farm Tax $95,481.00
Prior Year’s Fund Balance $323,133.00
TOTAL CAPITAL OUTLAY REV $644,133.00
CAPITAL OUTLAY EXPENDITURES
Elementary Instruction $80,000.00
High School Instruction $79,888.00
Library Services $1,000.00
Technology Services $6,500.00
Superintendent Office $2,500.00
Dean of Students Office $1,400.00
Fiscal Services $10,900.00
Building Operations $260,000.00
Transportation Services $148,945.00
Food Service Services $26,000.00
Long Term Debt -
Male Activities $8,000.00
Female Activities $8,000.00
Combined Activities $11,000.00
Transfer to General Fund -
TOTAL CAPITAL OUTLAY $644,133.00
SPECIAL EDUCATION
Ad Val Taxes $303,701.00
Medicaid Direct Services Stud $750.00
PL 81-874 Impact Aid $2,000.00
Total Federal Revenue -
Transfer From-Impact Aid -
Prior Years Fund Balance $50,185.00
TOTAL SPED REVENUE $356,636.00
SPECIAL EDUCATIONAL EXPENDITURES
Mild to Moderate Disabilities $197,636.00
Severe Disabilities $40,046.00
Early Childhood $15,750.00
Transition Services -
Psychology Services $30,500.00
Speech Services $39,500.00
Physical Therapy $9,250.00
Occupational Therapy $17,500.00
Administration Services $6,454.00
Transportation Services -
TOTAL SPECIAL EDUCATION EXPENDITURES $356,636.00
IMPACT AID
Local Revenue -
Federal Revenue $49,026.00
Prior Years Fund Balance -
TOTAL IMPACT AID REVENUE $49,026.00
IMPACT AID EXPENDITURES
Transfers to Special Education -
Transfers to Food Service $49,026.00
TOTAL IMPACT AID EXPENDITURES $49,026.00
BOND
Ad Valorem Taxes $244,275.00
TOTAL BOND REVENUE $244,275.00
BOND EXPENDITURE
Redemption of Principal $180,000.00
Interest Expense $63,275.00
Fiscal Agent Fees $1,000.00
TOTAL BOND EXPENDITURES $244,275.00
FOOD SERVICE
Local Revenue $62,525.00
Federal Reimbursement $67,700.00
Transfer From-Impact Aid $49,026.00
Transfer from-General Fund $5,493.00
TOTAL REVENUE FOOD SERVICE $184,744.00
FOOD SERVICE EXPENDITURES
Food Service Program Expenses $182,244.00
Summer Food Service Program Expenses $2,500.00
Snack -
TOTAL FOOD SERVICE EXPENSES $184,744.00
DRIVERS EDUCATION
Local Revenue $6,100.00
TOTAL REVENUE DRIVERS ED $6,100.00
Instructional Expenses $6,100.00
TOTAL DRIVERS ED EXPENSES $6,100.00
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 8, at 5:30 p.m. for the purpose of considering the foregoing Proposed Budget for the fiscal year July 1, 2026 - June 30, 2027.
Kaitlyn Christofferson, Business Manager
Summit School District No. 54-6, Summit, South Dakota
