Budget Analysis of School System Term Paper

5. What are the top 3 in monetary costs for capital improvement projects recommended for the ensuing fiscal year?

The top 3 costs for Special Warrant Articles for the upcoming budget are: The GMS site de-watering study (including design and cost) at $86,000, GMS/LMS safety locks and video surveillance at $56,431 and finally LMS Emergency Access Road at $44,000.

6. Excluding food service sales what are the top 3 revenue budget lines for the year 05/06?

The top three revenue line for the school year were: Federal Program Grant at $239,042, State School Building Aid at $238,392.16 and revenue from Other Local Sources at $165,049.

7. What is the total dollar amount for appropriations recommended by the School Board?

The total amount recommended by the School Board for the upcoming year is $19,514,314. This includes the $259,854 appropriated to Special Warrant Articles as well as the $19,254,460 appropriated for all School and Administrative Services and Outlays.

8. What dollar amount and decrease or increase is this over the current adopted budget?

This is an increase of $1,738,437, which is 9.87% over the current budget.Summary: Transportation costs came in lower than expected from the current allocation by almost 37%. Both the board and the committee agreed on the new budget amount, which seems high considering the current expenditure. There may be other costs incurred for the year that need to be detailed to justify this amount. The bond service figures certainly seem appropriate considering the nature of that instrument. Special programs is certainly well supported by the school board, who certainly want to see a diversity of programs in place while the budget committee believes it may be a place to help curb costs. The food service costs seem justifiable but considering the revenue returned of $398,459.84 the operation is in a deficit. It may be time to outsource. Certainly Student Security expenditures are at an all time high considering the current climate of problems and Emergency access roads are also an important resource for protection of property and life. Care must be taken in farming out studies and research and certainly bids were taken on this, but money can easily.....