School Information System: 2010-2011 Madison School District Citizen's Budget

February 23, 2011

2010-2011 Madison School District Citizen's Budget

Attached to this memorandum you will find the Fall Revised Budget version of the 2010-11 Citizen's Budget. The Citizen's Budget is intended to present financial information to the community in a format that is more easily understood. The first report includes 2009-10 Revised Budget, 2010-11 Revised Budget and groups expenditures into categories outlined as follows:
In-School Operations
Curriculum & Teacher Development & Support
Facilities, Other Than Debt Service
Transportation
Food Service
Business Services
Human Resources
General Administration
Debt Service
District-Wide
MSCR
The second report associates revenue sources with the specific expenditure area they are meant to support. In those areas where revenues are dedicated for a specific purpose (ie. Food Services) the actual amount is represented. In many areas of the budget, revenues had to be prorated to expenditures based on percentage that each specific expenditure bears of the total expenditure budget. It is also important to explain that property tax funds made up the difference between expenditures and all other sources of revenues. The revenues were broken out into categories as follows:
Local Non-Tax Revenue
Equalized & Categorical State Aid
Direct Federal Aid
Direct State Aid
Property Taxes
Both reports combined represent the 2010-11 Fall Revised Citizens Budget. This report can also be found on the District's web site.

Posted by Jim Zellmer at February 23, 2011 1:04 AM
Subscribe to this site via RSS/Atom:

Newsletter signup | Send us your ideas

Comments