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:
¨ 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%.
v The district will spend 91% of its 2006-07 budget.
v Enrollment projections are decreasing to 30,607 K-12 students.