ASHDOWN SCHOOL DISTRICT
AS OF OCTOBER 27, 2004
    YEAR TO DATE AVAILABLE
  BUDGET EXPENDITURES BALANCE
       
       
TEACHER SALARY FUND $5,472,097.02 $1,077,731.22 $4,394,365.80
       
CLASSIFIED SALARY FUND $1,233,546.84 $347,762.49 $885,784.35
       
BENEFITS $1,382,214.50 $364,670.40 $1,017,544.10
     
OPERATING FUND $8,200,199.20 $1,265,436.57 $6,934,762.63
     
CONSTRUCTION $9,085,831.20 $723,810.50 $8,362,020.70
    $0.00
DEBT SERVICE $661,378.13 $303,926.88 $357,451.25
     
CAPITAL OUTLAY $61,663.76 $3,801.50 $57,862.26
     
FEDERAL FUNDS $781,652.07 $242,670.60 $538,981.47
     
FOOD SERVICE $505,928.43 $95,456.49 $410,471.94
       
TOTAL $27,384,511.15 $4,425,266.65 $22,959,244.50

 

 

 

ASHDOWN SCHOOL DISTRICT
       
AS OF OCTOBER 27, 2004
       
    YEAR TO DATE AVAILABLE
  BUDGET REVENUES BALANCE
       
  $5,600,000.00 $595,969.15 $5,004,030.85
OPERATING FUND $10,451,614.00 $1,414,747.00 $9,036,867.00
       
PROFESSIONAL DEV. $82,301.00 $82,301.00 $0.00
       
MENTORING $31,052.98 $33,052.98 $0.00
       
ADV PLACEMENT GRANT   $50.00  
       
ALTERNATIVE $71,500.00 $17,875.00 $53,625.00
       
NATL SCHOOL LUNCH FUNDING $379,680.00 $69,032.00 $310,648.00
       
INTEREST ON INVESTMENTS   $45,244.61 $0.00
       
CAPITAL OUTLAY $650,000.00    
       
21ST CENTURY GRANT $150,000.00 $150,000.00 $0.00
       
FEDERAL FUNDS $515,907.00 $117,794.32 $398,112.68
       
FOOD SERVICE $506,000.00 $46,314.02 $459,685.98
     
TOTAL $18,438,054.98 $2,572,380.08 $15,262,969.51

 

 

Proposed Budget of Expenditures with Tax Levy for Physical Year

Beginning July 1, 2004, to and including June 30, 2005

 

The Board of Directors of Ashdown School District No. 31 of Little River County, Arkansas, in compliance with the requirements of Amendments No. 40 and No. 74 to the Constitution of the State of Arkansas and of Ark. Code Ann. 6-13-622 (1999 Repl.) has prepared, approved and hereby makes public the proposed budget expenditures, together with the tax rate as follows:

 

1. Salary Fund Expenditures                                                     $5,892,000

2. Instructional Expense                                                            $2,153,000

3. Maintenance & Operation Exp.                                             $1,020,000

4. Dedicated Maintenance and Operation Expenditures             $   -0-

5. Pupil Transportation Expense                                                $   481,000

6. Other Operating Expense                                                      $1,269,000

7. Non-Bonded Debt Payment                                                 $     88,158

8. Bonded Debt Payment                                                          $   719,860

9. Building Expense                                                                  $8,700,000

 

To provide for the foregoing proposed budget of expenditures, the Board of Directors proposes a total tax rate (state and local) of 35.7 mills on the dollar of the assessed value of taxable property located in this School District. The proposed tax includes the uniform rate of 25.0 mills to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. The total proposed school tax levy of 35.7 mills includes 25.0 mills specifically voted for general maintenance and operation, 9.1 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness, which bonded indebtedness will be retired from the proceeds of the proposed bond described below, and 1.6 new debt service mills. The 1.6 new debt service mills plus 9.1 existing debt service mills, which debt service mills will continue after the retirement of the bonds  to which now pledged, will be a continuing  debt service tax until the retirement of proposed bond to be issued in the principal amount of $10,582,000 and which will  mature over a period of 25 years and will be issued for the purpose of refunding the District’s Bonds, dated November 1, 1989 and June 1, 1993, erecting and equipping a new High School, and refurbishing, remodeling and equipping existing school facilities. The surplus revenues produced each year by debt service mileage may be used by the District for other school purposes.

 

The total proposed school tax levy of 35.7 mills represents a 3.0 mill increase over the current tax rate.

           

GIVEN this 21st day of April, 2003

Board of Directors

of Ashdown School District No. 31

of Little River County, Arkansas

                                                                        Raymond Latson, President of Board

Dorothy Henderson, Secretary of Board