Operating Budget

Goal:

• To operate and maintain a new high school, school building additions, and technology upgrades within the districtâs annual operating budget

Key Elements of the Plan:

• An existing operating fund called Capital Needs will be used to fund the high school operating expenses
• The expenses normally funded through Capital Needs (such as bus purchases and building upgrades) will now be funded by the new sinking fund and bond fund millages
• Financial planning is based on current and projected per pupil revenues
• Enrollment projections have been completed by independent agencies and SEMCOG

Features and Benefits:

• Improved facilities and technology will attract new students and retain current students thus improving revenues (future available operating dollars)
• New high school operating costs will be funded by reallocation of existing district expenses through new funds generated by bond and sinking funds

Estimated Cost:

• Estimated high school operating cost is $3.7 million

Schedule:

• New high school occupancy Fall 2007
• Other upgrades and technology improvements implemented from 2004 to 2009