The administration will give a budget report on the Debt Service fund, and an Area District Comparison based on the previous year's actual general operating fund. A copy of the Debt Service schedule is attached for review.

The Debt Service tax revenue is based on property value growth of three percent. The rate is estimated to increase 1.5 cents for 2008-09. The 2008-09 rate is not impacted by the Bond 2008 election.

The Area Comparison analyzes by function expenditures per average daily attendance for selected school districts using the latest year-end audits. The recapture payment for Chapter 41 schools is not used in this comparison.

Board Agenda - April 01, 2008

3. Budget Report

Presenter: Richard Matkin

Purpose: B - Update/status report

Time: 10 minutes

Description:

Recommendation:

Business Impact:

Summary:

Appendix:

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