Mill rate changes by 2.57% in Ellsworth schools budget planA mill rate of 8.36, a change of 2.57 percent from the past year, was included in the budget proposal at the Ellsworth School District’s annual meeting Monday.
By: Bill Kirk, Pierce County Herald
A mill rate of 8.36, a change of 2.57 percent from the past year, was included in the budget proposal at the Ellsworth School District’s annual meeting Monday.
The mill rate for 2008-09, representing tax per $1,000 of valuation, compares to an 8.15 rate recorded for the ’07-’08 year.
A total school tax levy of $7,685,749 is also shown in the budget proposal for the coming year, a change of 5.81 percent from the $7,263,451 levy in ’07-’08. Revenue in the proposal totals $16,782,298, while total expenditures amount to $16,792,535.
Superintendent Barry Cain told the approximately 25 people attending the meeting the budget figures are estimated projections at this time. Two factors, student enrollment and the district’s property valuation, will affect the final budget and should be known by mid-October, Cain said.
Among other items in the budget plan he mentioned on the revenue side were a beginning fund balance of $3,013,377, which is needed for cash flow and some borrowing will be necessary. One of the biggest changes between the past year’s and the next budget involves a decrease in state aid, from $9,532,196 to $9,372,710. Additionally, under federal sources, a three-year guidance counseling grant has been received in the amount of $284,934.
Cain said the debt service fund in the plan has borrowing at $1,296,311. There was a slight carryover in the food service fund, allowing for a recommendation meal prices not be raised, but this will be monitored throughout the new school year. The community service fund, reflecting such operations as the swimming pool and kids’ club, continues the downward trend in negative balance. The revenue cap for the district is at $15,532,000, he added.
Read more in the print version of the Herald Aug. 27.