Budget Facts
and Assumptions
The 2007-08 budget was developed knowing
certain facts and making certain assumptions based on the information available
at the time of budget development. These
facts and assumptions are as follows:
Facts
¨ The
general fund budget includes the
$180
per student expenditure
required for instructional supplies and equipment, repair of instructional
equipment, and cost of educational field trips.
¨
The
general fund includes the
$292 per student expenditure required to be allocated to the
capital reserve and risk-related activity funds.
¨ The
2% decrease from 2006-07 student enrollment projections in the
October 2006 count and the additional .5% decrease for the 2007-08 student
enrollment projections have decreased the teacher equivalency 25.19.
¨
An overall increase of 3.4% in benefits is shown
in the general fund for 2007-08.
¨
Legislators
completed the funding for K-12 education, and there was a
4.6% increase from the
state for 2007-08 for APS (3.6% inflation
increase plus 1% Amendment 23 increase). The
effective increase for the district is 4.64%.
Assumptions
v
The
district will spend 91% of its 2006-07 budget.
v
Enrollment
projections are decreasing to
30,607 K-12 students.