AMENDMENT RESOLUTION FOR ADOPTION BY THE BOARD OF EDUCATION HEMLOCK PUBLIC SCHOOLS BUDGETS

Transcription

1 AMENDMENT RESOLUTION FOR ADOPTION BY THE BOARD OF EDUCATION HEMLOCK PUBLIC SCHOOLS BUDGETS Resolved that this resolution shall be the amended general appropriation of Hemlock Public Schools for the fiscal year A resolution to make appropriations; and to provide for the expenditure of the appropriations; and to provide for the disposition of all income received by Hemlock Public Schools. BE IT FURTHER RESOLVED, that 18 mills of the ad valorem property taxes be levied on all non-homestead and non-qualified agricultural property for purpose of general operations. BE IT FURTHER RESOLVED, that the total revenues and unappropriated fund balance estimated to be available for appropriations in the GENERAL FUND of the Hemlock Public Schools for fiscal year is as follows: Local $ 1,903,875 $ 51,086 $ 1,954,961 Intermediate State 9,347,845 (20,307) 9,327,538 Federal 586,492 (8) 586,484 Incoming Transfers and Other Transactions 162,499 (2,639) 159,860 Total Revenue $ 12,000,711 $ 28,132 $ 12,028,843 FUND BALANCE, JULY 1, 2017 $ 1,665,520 FUND BALANCE AVAILABLE TO APPROPRIATE 1,665,520 TOTAL AVAILABLE TO APPROPRIATE - GENERAL FUND $ 13,694,363

2 BE IT FURTHER RESOLVED, that $12,219,391 of the total available to appropriate in the GENERAL FUND is hereby appropriated in the amounts and for the purpose set forth below: Instructional: Basic Programs $ 5,681,162 $ (184,956) $ 5,496,206 Added Needs 1,604,931 46,270 1,651,201 Adult and Continuing Unclassified Support Services: Pupil 601,193 (3,255) 597,938 Instructional Staff 367,381 (40,935) 326,446 General Administration 385,380 7, ,642 School Administration 719,683 13, ,613 Business 262,518 (15,131) 247,387 Operation and Maintenance 1,318,207 (31,370) 1,286,837 Pupil Transportation Services 550,410 (26,012) 524,398 Central Services 387,383 (51,420) 335,963 Other 57,286 8,843 66,129 Athletic 236,234 (63) 236,171 Community Service 295,447 (12,095) 283,352 Outgoing Transfers and Other Transactions - 21,108 21,108 Capital Outlay 21,108 (1,108) 20,000 Total Appropriated-General Fund $ 12,488,323 $ (268,932) $ 12,219,391 Projected Fund Balance June 30, General Fund $ 1,474, %

3 available for appropriations in the DEBT SERVICE FUND of the Hemlock Public Schools for fiscal Local Property Taxes $ 1,878,404 $ 115,369 $ 1,993,773 Interest and Other 1,000 3,397 4,397 Total Revenue $ 1,879,404 $ 118,766 $ 1,998,170 FUND BALANCE, JULY 1, 2017 $ 342,068 FUND BALANCE AVAILABLE TO APPROPRIATE 342,068 TOTAL AVAILABLE TO APPROPRIATE - $ 2,340,238 DEBT SERVICE FUND BE IT FURTHER RESOLVED, that $1,927,309 of the total available to appropriate in the DEBT SERVICE FUND is hereby appropriated in the amounts and for the purpose set forth below: Redemption of Bond Principal $ 1,215,000 $ 180,000 $ 1,395,000 Interest on Bonded Debt 661,922 (130,938) 530,984 Paying Agent Fees and Other 1,500 (175) 1,325 Total Appropriated- Debt Service Fund $ 1,878,422 $ 48,887 $ 1,927,309 Projected Fund Balance June 30, Debt Service $ 412,929

4 available for appropriations in the FOOD SERVICE FUND of the Hemlock Public Schools for fiscal BUDGET ADJUSTMENT BUDGET Local $ 140,300 $ 18,848 $ 159,148 State 16,109-16,109 Federal 185,380 39, ,242 Incoming Transfer - 3,000 3,000 Total Revenue $ 341,789 $ 61,710 $ 403,499 FUND BALANCE, JULY 1, 2017 $ 50,180 FUND BALANCE AVAILABLE TO APPROPRIATE 50,180 TOTAL AVAILABLE TO APPROPRIATE- FOOD SERVICE FUND $ 453,679 BE IT FURTHER RESOLVED, that $404,861 of the total available to appropriate in the FOOD SERVICE FUND is hereby appropriated in the amounts and for the purposes set forth below: Food Service $ 370,746 $ 29,837 $ 400,583 Capital Outlay 4,278-4,278 Outgoing Transfers - - Total Appropriated- Food Service Fund $ 375,024 $ 29,837 $ 404,861 Projected Fund Balance June 30, Food Service $ 48,818

5 available for appropriations in the CAPITAL PROJECTS FUND of the Hemlock Public Schools for fiscal BUDGET ADJUSTMENT BUDGET Local $ - $ 363 $ 363 State Incoming Transfer 465, ,000 Total Revenue $ 465,000 $ 363 $ 465,363 FUND BALANCE, JULY 1, 2017 $ - LESS APPROPRIATED FUND BALANCE - FUND BALANCE AVAILABLE TO APPROPRIATE - TOTAL AVAILABLE TO APPROPRIATE- CAPITAL PROJECTS FUND $ 465,363 BE IT FURTHER RESOLVED, that $350,878 of the total available to appropriate in the CAPITAL PROJECTS FUND is hereby appropriated in the amounts and for the purpose set forth below: Contracted Services $ 90,000 $ (27,605) $ 62,395 Capital Outlay 375,000 (86,517) 288,483 Total Appropriated- Capital Projects Fund $ 465,000 $ (114,122) $ 350,878 Projected Fund Balance June 30, Capital Projects $ 114,485 FURTHER RESOLVED, that no board of education member or employee of the school district shall expend any funds or obligate the expenditure of any funds except pursuant to appropriations made by the board of education and in keeping with the budgetary policy statement hitherto adopted by the board. Changes in the amount appropriated by the board shall require approval by the board. BE IT FURTHER RESOLVED, that the Superintendent is hereby charged with general supervision of the execution of the budgets adopted by the board and shall hold the department heads responsible for performance of their responsibilities within the amounts appropriated by the board of education and in keeping with the budgetary policy statement hitherto adopted by the board. This appropriation resolution is to take effect on June 21, 2018