  | FY08 BUDGET - SUMMARY | | | | | | | | | | | | | | | | FINAL | FINAL | FY08 vs. FY07 | | | | | BUDGET | BUDGET | CHANGE | | | | | FY07 | FY08 | % | $$$ | | | | | | | | EXPENDITURES | | | | | | | | | | | | | Operating Budget (without Debt Service) | | $24,698,159 | $25,858,503 | 4.7% | $1,160,344 | District Capital Improvements | | $0 | $0 | N.M. | $0 | Debt Service | | $2,741,207 | $2,647,549 | -3.4% | ($93,658) | Adult Education | | $245,438 | $266,399 | 8.5% | $20,961 | | | | | | | | | TOTAL EXPENDITURES | | $27,684,804 | $28,772,451 | 3.9% | $1,087,647 | | | | | | | | REVENUES | | | | | | | | | | | | | Local Tax Share - Education | | $11,591,250 | $12,578,889 | 8.5% | $987,639 | Local Tax Share - Adult Education | | $145,438 | $157,799 | 8.5% | $12,361 | GMS Impact Fee Appropriation | | $155,000 | $155,000 | 0.0% | $0 | Adult Ed. Registration Fees | | $20,000 | $22,000 | 10.0% | $2,000 | State Subsidy - General Purpose Aid | | $14,106,672 | $14,311,885 | 1.5% | $205,213 | State Subsidy - Debt Service | | $1,387,394 | $1,354,009 | -2.4% | ($33,385) | Adult Ed. State Subsidy | | $80,000 | $86,600 | 8.3% | $6,600 | State Agency Clients - Reimbursements | | $90,000 | $90,000 | 0.0% | $0 | Budget Fund Balance from FY05 and FY06 | | $94,050 | $1,269 | -98.7% | ($92,781) | Extended Teacher Education Program (USM) | | $15,000 | $15,000 | 0.0% | $0 | | | | | | | | | TOTAL REVENUES | | $27,684,804 | $28,772,451 | 3.9% | $1,087,647 | | | | | | | | | | | | | | | Local tax effect | | | | | | Local appropriation need | | $11,736,688 | $12,736,688 | 8.5% | $1,000,000 | | | | | | | | | Effect on existing tax base | | | | | | | Mil rates | | 12.61 | 13.47 | 6.8% | 0.86 | | | | | | | | | Property tax base | | $930,410,050 | $945,410,050 | 1.6% | $15,000,000 | | | | | | | | | | | | | | | | | | | | | | DISTRICT COST CENTER SUMMARY | | | | | | | | | FINAL | FINAL | FY08 vs. FY07 | | COST | COST CENTER | EXPENDED | BUDGET | BUDGET | CHANGE | | CENTER | DESCRIPTION | FY06 | FY07 | FY08 | % | $$$ | | | | | | | | 1 | LITTLE FALLS | $17,502 | $0 | $0 | N.M. | $0 | 2 | WHITE ROCK | $702,738 | $733,280 | $747,279 | 1.9% | $13,999 | 3 | NARRAGANSETT | $1,794,194 | $1,873,656 | $1,994,801 | 6.5% | $121,145 | 4 | VILLAGE | $2,298,113 | $2,387,616 | $2,457,592 | 2.9% | $69,976 | 5 | GORHAM MIDDLE SCHOOL | $2,629,685 | $2,796,308 | $2,937,611 | 5.1% | $141,303 | 6 | GORHAM HIGH SCHOOL | $3,937,454 | $4,135,878 | $4,295,660 | 3.9% | $159,782 | 7 | SPECIAL EDUCATION | $3,242,599 | $3,550,609 | $3,697,097 | 4.1% | $146,488 | 8 | ATHLETICS | $443,941 | $420,752 | $456,226 | 8.4% | $35,474 | 10 | SYSTEM - WIDE | $1,005,790 | $1,125,675 | $1,163,244 | 3.3% | $37,569 | 11 | TECHNOLOGY | $340,566 | $392,301 | $400,167 | 2.0% | $7,866 | 12 | SUPT. OFFICE | $550,048 | $524,119 | $567,791 | 8.3% | $43,672 | 14 | TRANSPORTATION | $1,122,330 | $1,156,805 | $1,221,119 | 5.6% | $64,314 | 16 | MAINTENANCE | $1,276,607 | $1,259,972 | $1,319,332 | 4.7% | $59,360 | 18 | INSURANCES/BENEFITS | $4,018,718 | $4,341,186 | $4,600,583 | 6.0% | $259,397 | 22 | DEBT SERVICE | $2,879,686 | $2,741,207 | $2,647,549 | -3.4% | ($93,658) | 25 | CAPITAL PROJECTS | ($100,463) | $0 | $0 | N.M. | $0 | FUND 111 | ADULT EDUCATION | $252,433 | $245,438 | $266,399 | 8.5% | $20,961 | | | | | | | | | |
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