Amite County School District FY 2023 Budget Overview

The Amite County School District FY 2023 Proposed Budget Presentation provides insights into budget definitions, funding sources, expenditure allocations, and fund types, along with detailed projections for maintenance expenditures. Learn about the district's financial planning and resource utilization through this comprehensive budget overview.

• School District
• Budget Presentation
• Funding Sources
• Expenditure Allocations
• Financial Planning

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1. Amite County School District FY 2023 Proposed Budget Presentation Lyndsey Thornton Latham Business Manager

2. What is a Budget? Webster s dictionary defines a budget as: a statement of the financial position of an administration for a definite period of time based on estimates of revenues and expenditures during the period.

3. Where does funding come from? School District funding comes from several different sources 1. Local - Amite County (levied by Board of Supervisors) 2. State Mississippi (MS Adequate Education Program) 3. Federal - United States Government (generally passed through MS Department of Education)

4. Where does the funding go? Expenditures for daily operations go to several functions 1. Instruction of students- Personnel 2. Support services (including building maintenance and administration) 3. Transportation of Students

5. Fund Types General Fund Main operating accounts of the District Special Revenue Fund Food Service Grants received from Federal and State Sources- supplement Building Renovations Vocational Permanent Fund 16th Section Principal Ex. Oil Royalties

6. General Funds 1120 District Maintenance 1130 District Special Education 1145 At Risk All Activity Funds 1841 16th Section Interest

7. 1120- District Maintenance Expenditure Projections FY23 Personnel - Object Codes 100-299 Teachers, Coaches, Administration, Nurses, Counselors, Clerical, Board Members, Superintendent, Technology, Janitorial/Maintenance, Transportation Staff Fund Total Salary and Benefits $6,243,237.52 FY22 $6,063,665.26

8. 1120- District Maintenance Expenditure Projections FY23 Professional Services - Object Codes 300-399 Substitute Services - $25,000 Lawyers - $41,000 Auditing - $26,700 Technical Services Student Accounting Services - $7,000 Business Support Services- $28,000 Technical Service - $25,000 ex. School Website Other Professional Services - $11,800 Fund Total Services- $160,850 FY22 $117,825

9. 1120- District Maintenance Expenditure Projections FY23 Utilities, Repairs and Maintenance - Object Codes 400-499 Telephone, Internet, Water & Sewer, Electricity, Natural Gas, Pest Control, Waste Management, Cintas Repairs & Maintenance of Buildings and Buses Copier Services/Rentals- $30,000 Grounds (Mowing) Service- $45,000 Fund Total Services- $489,520 FY22 $519,950

10. 1120- District Maintenance Expenditure Projections FY23 Other - Object Codes 500-599 Travel, Advertising, Postage, Printing/Publishing- Liability/Property Insurance - $229,675 Fund Total Other- $256,825 FY22 $251,475

11. 1120- District Maintenance Expenditure Projections FY23 Supplies- Object Codes 600-699 General Supplies, Software - $40,750 Textbooks/Consumable Workbooks - $30,000 Transportation Supplies - $280,100 Gas, Oil, Tires, Tags for Buses Maintenance/Janitorial Supplies - $60,200 Fund Total Supplies- $411,050 FY22 $288,550

12. 1120- District Maintenance Expenditure Projections FY23 Equipment/Property- Object Codes 700-799 Computers, Other Equipment, Non Capitalized Property (Furniture) Buses and Equipment - $215,000 Fund Total Equipment/Property - $259,200 FY22 $203,900

13. 1120- District Maintenance Expenditure Projections FY23 Object Codes 800-999 Dues/Fees - $41,150 Ex. Cost Share for Juvenile $12,000 Bonds Interest on Repayment of Advances - $17,665.67 Operating Transfers Out - $2,512,687.78 1130-District SPED - $1,548,635.82 1145-At Risk - $282,581.69 2711-Vocational - $631,470.27 1153-Athletics - $50,000 Fund Total Dues/Transfers Out - $2,571,503.45 FY22 $2,160,362.56

14. FY23 Total Expenditure Projections Proposed FY23 Expenditure Budget- $10,392,185.97 FY22 Expenditure Budget- $9,629,196.93 FY23 Total Expenditure Budget Difference: $762,989.04

15. FY23 Ad Valorem Request BASE ADD: HOMESTEAD AD VALOREM TAX RED. 2021 AD VALOREM ESCROW 2020-2021 DEDUCT: AD VALOREM ESCROW 2021-2022 (0.00) TOTAL BASE FY22-23 4% INCREASE DECREASE IN LOCAL CONTRIBUTION NEW PROPERTY TOTAL AD VALOREM NEEDS LESS AD VAL ESCROW 2022 TENTATIVE REQUEST AD VALOREM FY23 $3,984,853.45 $3,674,260.42 142,035.18 0 15,294.26 3,831,589.86 153,263.59 0.00 0.00 3,984,853.45 (0.00)

16. Amite County School District Millage Rates 2003-2004 TO 2015-2022 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 19.45 21.15 22.45 23.25 25.90 26.34 28.62 31.24 32.84 33.24 34.81 34.81 34.81 27.75 17-18 18-19 19-20_ 20-21_21-22_estimated 22-23 29.58 30.43 31.60 33.18 33.63 34.63 Current Assess Value (current mill value) is $115,040,320 The Board of Supervisors will determine and set the millage rate necessary to meet this request. Their fiscal year is October to September. Request due to them by August 15. Section 37-57-1 of the MS Code of 1972 caps the millage rate for school districts at 55.00 mills and requires a minimum of 28 mills.

17. FY23 Total Revenue Projections Based on the state legislature s funding level of the Mississippi Adequate Education Program, our MAEP allocation will be $5,418,370 The local ad valorem request for FY 2023 is budgeted at the proposed request amount of $3,984,853.45 Homestead Exemption - $140,000 Teacher Pay Raise - $543,331.35 National Forestry - $90,000 Indirect Costs - $666,090.69 Transfer in from 16th Section Interest - $215,000 2 Buses Other Revenues - $87,000 Proposed 1120 District Maintenance Revenues $11,185,645.49

18. FY23 Fund Balance Projection Net Change in Fund Balance $ 793,459.52 Fund Balance as of July 1, 2022 $1,790,676.34 Fund Balance at June 30, 2023 $ 2,584,135.86

19. 1120 District Maintenance Projections FY23 These estimates are for the daily operations of the District through the District Maintenance fund. Expenditures were estimated moderately while revenues were estimated conservatively.

20. Adopt FY23 Budget on Thursday, June 30, 2022 @ 10 a.m.

21. Amite County School District FY 2023 Proposed Budget Presentation Questions? Lyndsey Thornton Latham Business Manager