Details for MISSISSIPPI BEND AREA AGENCY - Ad from 2020-02-08

NOTICE OF PUBLIC HEARING ON PROPOSED BUDGET
FISCAL YEAR 2020 - 2021
Pursuant to Iowa Code section 273.3(12), the area education agency Board of Directors presents
notification of a public hearing on the proposed budget. Persons will be heard at the hearing for or
against the proposed budget.
Official AEA Name:
Mississippi Bend Area Education Agency 9
Date of Hearing:
02/18/20
Time of Hearing:
04:30 PM
Location of Hearing:
729 21st St., Bettendorf, Iowa
Following is a summary of the proposed budget which is prepared on the GAAP (Generally
Accepted Accounting Principles) basis. Supporting detail of revenues and expenditures is available
for review at the office of the board secretary. A copy will be furnished on request.
BUDGET

FY 2020 - 2021

Sources and Functions, Three-Year Comparison
All Funds except Internal Services, Agencies & Non-Expendable
Trusts (or Permanent Funds and Private Purpose Trust Funds if
reporting in compliance with GASB Statement 34)
Resources:

[1]

[2]

[3]

Budget
2021

ReEstimated
2020

Actual
2019

Sources:

Taxes

1100-1299

[1]

9,616,529

9,437,152

9,305,213

Tuition/Transportation Received

1300-1499

[2]

1,165,000

1,173,300

1,036,524

Earnings on Investments

1500-1599

[3]

8,000

8,000

8,819

Nutrition Program Sales

1600-1699

[4]

0

0

0

Student Activities & Sales

1700-1799

[5]

50,000

50,000

58,626

Other Revenues from Local Sources

1800-1999

[6]

1,600,000

3,103,800

3,258,666

Revenues from Intermediary
Sources

2000-2999

[7]

27,600

27,600

107,894

10,612,229

10,353,432

State Foundation Aid

3111

[8] 11,975,061

Juvenile Home Tuition Aid Advance

3121

[9]

431,500

447,490

505,101

3112-3119, 3122-3999 [10]

1,815,619

1,809,836

2,184,581

4520-4529 [11] 11,536,031

11,788,298

12,018,524

Other State Sources
IDEA Grants
Other Federal Sources

4000-4519, 4530-4999 [12]

Total Revenues (Rows 1 - 12)

515,000

524,412

479,395

[13] 38,740,340

38,982,117

39,316,774

743,909

1,261,891

40,578,665

General Long-Term Debt Proceeds

5100-5199, 5400-5699 [14]

0

Operating Transfers In

5200-5299,5700-6999 [15]

416,448

5300-5399 [16]

0

Proceeds of Fixed Asset
Dispositions

Total Revenues & Other Financing Sources (Row 13 - 16)

[17] 39,156,788

39,726,026

Beginning Fund Balance

[18]

1,250,982

-1,225,945

-4,181,634

Total Resources (Row 17 + 18)

[19] 40,407,770

38,500,081

36,397,032

Requirements:

Functions:

Instruction

1000-1999 [20]

1,827,677

1,788,298

1,783,964

Student Support Services

2100-2199 [21] 18,116,329

17,726,001

17,683,044

Instructional Staff Support Services

2200-2299 [22]

7,935,706

7,764,736

7,745,919

General Administration

2300-2399 [23]

1,944,074

1,866,251

1,861,729

Building Administration

2400-2499 [24]

627,418

613,901

612,413

Business & Central Administration

2500-2519, 2540-2599 [25]

3,211,774

3,142,580

3,134,965

Purchasing, Distributing, Printing,
Publishing,Duplicating

2520-2539 [26]

207,736

203,261

202,768

Plant Operations and Maintenance

2600-2699 [27]

951,912

931,404

929,147

Student Transportation

2700-2799 [28]

0

0

0

Other Support Services

2900-2999 [29]

64,710

64,245

64,089

Noninstructional Programs

3000-3999 [30]

Facilities Acquisition and
Construction

4000-4999 [31]

0

0

217,368

Debt Service

5000-5999 [32]

416,448

416,627

416,516

[33] 35,303,784

34,517,304

34,651,921

2,731,795

2,731,795

2,971,055

Total Expenditures & Other Financing Uses (Row 33 + 34) [35] 38,035,579

37,249,099

37,622,976

Total Expenditures (Row 20 - 32)
Operating Transfers Out &
Other Financing Uses

6100-6999 [34]

0

Ending Fund Balance Row 19 - Row 35)

[36]

2,372,191

1,250,982

-1,225,945

Total Requirements (Row 35 + 36)

[37] 40,407,770

38,500,081

36,397,032

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