Financial Information

  • The District’s instructional and departmental operating budgets are prepared through a Zero-Based Budgeting (ZBB) approach. This approach helps ensure that the budget is developed to align with priorities for instructional practices and organizational needs rather than on historical spending trends. The ZBB process is about creating accountability for what the District spends and transparency of the decisions for where the District spends. As part of the normal budgeting process, long-range projections are developed and continually updated. This process allows the District to determine how much of available resources can be used for ongoing projects, such as new programs or initiatives, versus one-time projects, such as facility repairs.

      

    2019-2020 Operating Revenues* – $65,395,607

    Local Funds

    91.09%

    Voluntary Transfer Funds

    2.09%

    Proposition C Funds

    3.53%

    State Funds

    2.62%

    Federal Funds

    0.67%

    * Excluding debt service.

     

    2019-2020 Operating Expenditures* – $55,630,963

    Employee Salaries & Benefits

    79.47%

    Supplies

    5.75%

    Purchased Services

    8.06%

    Equipment/Capital Outlay

    6.72%

    *Excluding debt service.

     

    Average Per Pupil Expenditure
    The District spends $19,544.49 per average daily attendance. 

    Adjusted Tax Rate 
    $4.0643 per $100 of assessed valuation

    Fund

    Rate

    Teachers

    $2.3530

    Incidental

    $1.2499

    Debt Service

    $0.6230

    Capital Projects

    $0.1875


    Assessed Valuation 
    $1,309,893,760 (as of Dec. 31, 2019)

     
    Date of Most Recent Tax Levy Increase
    April 2019
     
    Long-Term Liabilities
    General obligation bonds outstanding as of June 30, 2019
    Total Balance: 
    $62,717,000
     
    Rate of Interest:
    High: 5.00%
    Low: 0.80%
     
    Maturity Dates:
    Earliest: March 1, 2021
    Latest: March 1, 2029
     
    Standard and Poor's Bond Rating: AAA

    This information is based on 2020 statistics and data.