NCSD Business Office
Gayle Isaac - Director of Business Affairs & Board Secretary - isaacg@newton.k12.ia.us
Debbie Swank - Accounts Payable - swankd@newton.k12.ia.us
Lorraine Bricker - Payroll & Insurance - brickerl@newton.k12.ia.us
NCSD Business Office |
|
|
Gayle Isaac - Director of Business Affairs & Board Secretary - isaacg@newton.k12.ia.us |
Business Office Report The District's long range budge planning involves maintaining a 5 to 10% financial solvency ratio (unreserved, undesignated general fund balance/actual revenues). The current financial solvency ratio is 6%. During the 2010 legislative session, the State of Iowa set a 2% allowable growth of $115 per pupil increase for FY11. The NCSD's September 09 certified enrollment totaled 3,202.2 students, a decrease of 65 students from the September 08 enrollment. Iowa's pupil-driven funding formula for the school district budget is obviously impacted adversely by this enrollment decrease. The Legislature reduced state aid funding by $283.61 per student for a total reduction of $1,031,252.47 to Newton Schools. This caused the District to raise our property tzx levy by $0.10 to partially compensate for this State reduction. The District made cuts of over $1.5 million due to declining enrollment and the reduced state funding. |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Local Option Sales Tax The district began receiving local option sales tax revenue in February 2004. The voters of Jasper county passed the public measure for a School Infrastructure Local Option Sales Tax (SILO) for schools at the rate of one percent in May 2003 for 10 years. Through the period ending June 30, 2010, the sales tax has generated $10,337,910. Funding the renovation of district facilities, the SILO monies are also used to reduce the debt service levy. |
|||||||||||||||||||||||||||||||||||||
2009-2010 Property Tax Levy Rate: $16.56/$1,000 of taxable valuation. |
Physical Plant and Equipment Levy 2009-2010 Construction projects as well as capital equipment purchases from the Physical Plant and Equipment (PPEL) were as follows:
This summary reflects projects over $10,000 as well as fiscal year totals. |
|||||||||||||||||||||||||||||||||||||
The Newton Community School District completed the 2009-2010 fiscal year with an unreserved, undesignated general fund balance of $1,658,466. This is a decrease from the 2008-2009 fund balance of $2,829,457. General Fund expenditures totaled $28,163,112 exceeding general fund revenues of $27,315,385. The Governor of Iowa made a 10% Across-The Board funding cut in October 2009, which largely attributes the expenditures exceeding revenues for the 2009-2010 school year.