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Statement of support and revenue
<br />Centennial continues to be a quality district despite diminutive fund-
<br />ing levels. The district spends 7.56 percent less on General Fund op-
<br />erating expenditures than the state average, which equates to $702 per
<br />pupil. Centennial would receive an additional $4.8 million per year if the
<br />district received funging the state average.
<br />Centennial's operating levy, at $689.17 per student, is the lowest
<br />among 11 surrounding districts. St. Anthony tops the group at $1,985
<br />and Roseville is second highest at $1,575. Forest Lake is second from
<br />the bottom at $725, and North St. Paul is next at $833.
<br />The Centennial School Board is asking taxpayer support for two
<br />operating levy questions on the Nov. 3 ballot. Question 1 seeks approval
<br />to renew the existing operating levy of $689.17 per pupil unit. Since
<br />taxpayers currently fund this levy (which expires in 2011), there will
<br />be no increase in taxes if this question is approved. The renewal would
<br />continue to provide approximately $5 million per year for another five
<br />years beginning with the 2011 -12 school year.
<br />Question 2 seeks to increase the operating levy an additional $295 per pupil unit. The increase would generate an
<br />additional $2.1 million annually for the next six years beginning in 2010 -11.
<br />Both levies would expire after the 2015 -16 school year.
<br />Fiscal highlights:
<br />• Cut $1 million from the budget in 2009 -10.
<br />• Used $1.5 million from the fund balance to balance 2009 -10 budget.
<br />• Delayed technology and textbook purchases.
<br />• Saved over $150,000 due to a change in carrier for the district's property and liability insurance.
<br />• Saved Centennial taxpayers $96,811 collectively on a refinancing of $5.6 million in bonded indebtedness.
<br />2008 -09 General Fund
<br />Local Sources
<br />Property Taxes
<br />Investment Earnings
<br />Sales
<br />OPEB*
<br />Other
<br />State Sources
<br />Federal Sources
<br />Total GF revenues
<br />2008 -09 General Fund
<br />Salaries
<br />Employee Benefits
<br />Purchased Services
<br />OPEB Transfer*
<br />Supplies, Materials,
<br />Equipment
<br />Capital Expenditures
<br />Other Expenditures
<br />Total GF expenditures
<br />(GF) revenues
<br />$ 6,907,969
<br />$ 121,521
<br />$ 120,232
<br />$10,894,664
<br />$ 1,694,198
<br />$53,624,060
<br />$ 2,300,340
<br />$75,662,984
<br />expenditures
<br />$37,577,330
<br />$11,853,649
<br />$11,121,763
<br />$1 1,223,243
<br />$ 2,082,241
<br />$ 1,690,614
<br />$ 189,847
<br />$75,738,687
<br />How the total district
<br />budget was spent in
<br />2008 -09
<br />(for each dollar)
<br />Instruction
<br />(teachers, cumculum, instructional materials, testing,
<br />etc.)
<br />724
<br />Student support services 3' i "_ `if- 114
<br />(transportation, food services, counseling, health,
<br />etc.)
<br />Community Services �— 44
<br />(community education, Kids Club, early childhood, etc.
<br />District and School Administration - -F' ' ,j— 34
<br />(School Board, superintendent, principals, etc.)
<br />District support services a, '� 104
<br />(accounting, payroll, building maintenance, heat, lights, '�Y4'w'' f W �' `y''
<br />etc)
<br />*OPEB revenue and expenditures of this magnitude are a one -time event in the General Fund.
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