Details for L AND M COMMUNITY SCHOOLS-legal - Ad from 2020-03-25

Department of Management - Form S-PB-6
NOTICE OF PUBLIC HEARING
Proposed Louisa-Muscatine School Budget Summary
Fiscal Year 2020-2021
Location of Public Hearing:
Date of Hearing:
Time of Hearing:
Louisa-Muscatine Admin Office
04/09/2020
5:00 p.m.
14478 170th Street
Letts, IA 52754
The Board of Directors will conduct a public hearing on the proposed 2020/21 school
budget at the above-noted location and time. At the hearing, any resident or taxpayer
may present objections to, or arguments in favor of, any part of the proposed budget.
This notice represents a summary of the supporting detail of revenues and expenditures
on file with the district secretary. A copy of the details will be furnished upon request.
Budget
Re-est.
Actual
Avg %
2021
2020
2019
19-21
Taxes Levied on Property
1 2,639,034
2,648,925 2,529,369 2.1%
Utility Replacement Excise Tax
2
543,978
573,754
641,692 -7.9%
Income Surtaxes
3
383,702
408,770
381,278 0.3%
Tuition\Transportation
4 1,000,000
1,100,000 1,186,084
Received
Earnings on Investments
5
51,100
152,750
151,256
Nutrition Program Sales
6
0
289,538
271,184
Student Activities and Sales
7
130,000
125,000
124,657
Other Revenues from Local
8
159,427
118,110
137,229
Sources
Revenue from Intermediary
9
334,538
0
0
Sources
State Foundation Aid
10 4,852,768
4,700,196 4,830,949
Instructional Support State Aid
11
18,014
0
0
Other State Sources
12
918,312
941,525
913,086
Commercial & Industrial State
13
61,067
53,262
54,628
Replacement
Title 1 Grants
14
89,345
89,345
92,753
IDEA and Other Federal
15
402,866
400,509
438,783
Sources
Total Revenues
16 11,584,151 11,601,684 11,752,948
General Long-Term Debt
17
0
0
0
Proceeds
Transfers In
18
441,282
441,282
451,240
Proceeds of Fixed Asset
19
0
0
13,222
Dispositions
Special Items/Upward
20
0
0
0
Adjustments
Total Revenues & Other Sources
21 12,025,433 12,042,966 12,217,410
Beginning Fund Balance
22 8,450,389
8,480,610 7,904,287
Total Resources
23 20,475,822 20,523,576 20,121,697
*Instruction
Student Support Services
Instructional Staff Support
Services
General Administration
School Administration
Business & Central
Administration
Plant Operation and
Maintenance
Student Transportation
This row is intentionally left
blank
*Total Support Services
(lines 25-32)
*Noninstructional Programs
Facilities Acquisition and
Construction
Debt Service (Principal,
interest, fiscal charges)
AEA Support - Direct to AEA
*Total Other Expenditures
(lines 34-36)
Total Expenditures
Transfers Out
Other Uses
Total Expenditures, Transfers
Out & Other Uses
Ending Fund Balance
Total Requirements
Proposed Property Tax Rate
(per $1,000 taxable valuation)

24
25
26

6,941,627
180,053
693,009

6,753,008
175,695
676,208

6,496,704
257,715
600,361

27
28
29

288,502
439,115
310,588

276,907
428,553
293,460

271,130
433,003
307,002

30

839,308

729,011

721,429

31
32

795,051
0

569,534
0

686,347
0

32A

3,545,626

3,149,368

3,276,987

4.0%

33
34

560,000
885,010

531,298
722,191

515,797
423,260

4.2%

35

152,520

152,520

152,520

36
36A

351,761
1,389,291

323,520
1,198,231

324,579
900,359 24.2%

37 12,436,544
38
441,282
39
0
40 12,877,826

11,631,905 11,189,847
441,282
451,240
0
0
12,073,187 11,641,087

41 7,597,996
42 20,475,822

8,450,389 8,480,610
20,523,576 20,121,697

10.79519

3.4%

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