Public Meeting Iroquois School Opt Out July 19, 2011 Yale Basec July 20, 2011 Iroquois School Gym...
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Transcript of Public Meeting Iroquois School Opt Out July 19, 2011 Yale Basec July 20, 2011 Iroquois School Gym...
Public MeetingIroquois School Opt Out
July 19, 2011 Yale BasecJuly 20, 2011 Iroquois School Gym
July 21, 2011 Cavour Fire HallAll meetings start at 7:00 PM
Iroquois School District
• The Iroquois School District serves the communities of Cavour, Iroquois, and Yale
• Since the 1990s with the creation of open enrollment we have also served students from Sanborn Central, Carthage, DeSmet and Huron Districts
Iroquois School District• Our vision is to create a school in which everyone including
students, teachers, and parents, work together in a positive, caring environment, that will promote excellence, and helps guide students toward greater personal, academic, social, emotional and physical development. The purpose of the Iroquois School System is to provide a positive growth and learning experience for children of this community in a safe, caring, and consistent atmosphere, with due consideration being made to the rural culture and history in both the construction of the curriculum and our teaching practices. Our human material resources are completely dedicated to preparing our students for meaningful adult experiences by stressing academic, emotional, physical, and social development.
Funding FormulaThe school funding formula is based on actual enrollment on the last Friday in
September. The greater of last year’s fall enrollment number or the average of the last two years fall enrollment numbers is used to determine FY 12 state aid.
ADM = 2 year average (183.71 +194.51)/2=188.83IROQUOIS SCHOOL FUNDING
$4,389.95 X 188.83 = $828,954Small School Adjustment Factor
$847.54 X 188.83 = 160,040ONE TIME MONEY
$97.01 X 188.83 = $18,318
TOTAL NEED= $1,007,312.00
$1,007,312.00 – Local Effort = State AidThis is the amount that the state believes it should cost to educate our students.
Current Budget
General Fund Budget $1,594,275 projected for 2011-2012
$1,594,275.00 - $1,007,312.00 = $586,963.00Opt Money $275,000.00 = $311,963.00Other Revenues $175,700.00 = $136,263.00Reserves $136,263.00 = $0
Next Year Budget
General Fund Budget $1,594,275 projected for 2012-2013
$1,594,275.00 - $989,000.00 = $605,275.00Opt Money $100,000.00 = $505,275.00Other Revenues $175,700.00 = $329,575.00Reserves $ ? = $329,575.00 ** NO One Time Money, 350,000 Opt Out, Reserves $18,318 175,000 0
$750,000History Funding 2010-2011
$100,000 Bond Redemption (paid off Dec. 2010)$350,000 Current Opt Out (End Dec. 2011)$450,000 in funding (Received in 2010-2011)$300,000 in Additional funding$750,000 New Opt out Amount (Starts Jan. 2012)
*Opt Out funding is ALL the first year and maybe maintained or decreased over the lifetime of the opt out
Why $750,000
School Year 2011-2012 6.6% decrease in state funding
-$65,000School year 2012-2013
-8.8% decrease in state funding-$95,000
It was projected it would take 5 years to return to 2010 funding levels $4,804
Compared to Other DistrictsSchool District AG OO other
Iroquoisw/ 850,000 7.144 10.194 19.976
Huron (Now) w/ 1,500,000
8.5349.586
9.94511.578
14.47117.966
DeSmetw/ 200,000 7.054 8.879 14.732
Willow Lakew/ 900,000 9.959 13.693 25.671
Lake Prestonw/ 210,000 8.386 10.422 16.954
Howardw/ 225,000 6.671 8.364 13.802
Arlingtonw/ 245,000 8.722 10.617 16.696
Levies and TaxesAssessed Value/$1000 X Levy = Taxes
Levies and Assessed Value
AG 7.144
OO 10.194
Other 19.976
$50,000 $357.20 $509.70 $998.80
100,000 $714.40 $1,019.40 $1,997.60
150,000 $1,071.60 $1,529.10 $2,996.40
200,000 $1,428.80 $2,038.80 $3,995.20
Mil Levies on $450,000 Assessed Value/1,000 X Levy = Taxes
Ex. 50,000/1000 X 5.748 = 287.40
LeviesAssessed Values
AG 5.748
OO 8.026
Other 15.335
$50,000 $287.40 $401.30 $766.75
$100,000 $574.80 $802.60 $1,533.50
$150,000 $862.20 $1,203.90 $2,300.25
$200,000 $1,149.60 $1,605.20 $3,067.00
Polling Sites Fire Hall, Yale
Voters residing in Yale Town Cavour, Foster, Barrett, Liberty Townships
St. Patrick Hall, Cavour Voters residing in Cavour Town Richland and Pearl Creek Townships
Fire Hall, Iroquois Voters residing in Iroquois Town Banner, Logan, Belle Prairie Townships all Kingsbury County electors
Election Day: Tuesday, July 26th, 2011 7:00 AM – 7:00 PM