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159641_2 • wnaxlp NOTICE School District of Cornell 2024-25 Budget Publication Notice is hereby given, to the qualified electors of the School District of Cornell, that the budget hearing and annual meeting will be held in the Cornell Elementary School IMC, Monday, Oct. 28, 2024, at 5 p.m. The summary of the 2024-25 proposed budget is printed below. Detailed copies of the proposed budget are available at the Cornell Elementary School office. Dated this 24th day of October, 2024. /s/ Eileen Sikora, district clerk GENERAL FUND Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 2,618,836.58 3,116,596.89 2,638,225.07 Ending Fund Balance 3,116,596.89 2,638,225.07 2,627,911.07 REVENUES & OTHER FINANCING SOURCES Transfers-In (Source 100) 0.00 0.00 0.00 Local Sources (Source 200) 1,683,383.28 1,793,933.30 1,642,831.00 Inter-district Payments (Source 300 + 400) 403,740.45 356,091.53 379,777.00 Intermediate Sources (Source 500) 62,334.80 74,071.16 55,785.00 State Sources (Source 600) 3,611,265.11 3,463,993.41 4,192,620.00 Federal Sources (Source 700) 850,316.21 375,962.95 336,590.00 All Other Sources (Source 800 + 900) 63,113.16 66,315.20 119,435.00 TOTAL REVENUES & OTHER FINANCING SOURCES 6,674,153.01 6,130,367.55 6,727,038.00 EXPENDITURES & OTHER FINANCING USES Instruction (Function 100 000) 2,623,747.42 2,580,640.85 2,709,139.00 Support Services (Function 200 000) 2,127,457.25 1,944,714.55 2,340,680.00 Non-Program Transactions (Function 400 000) 1,425,188.03 2,083,383.97 1,687,533.00 TOTAL EXPENDITURES & OTHER FINANCING USES 6,176,392.70 6,608,739.37 6,737,352.00 SPECIAL PROJECTS FUND- (Funds 21 & 27) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 259,434.84 276,227.30 291,471.48 Ending Fund Balance 276,227.30 291,471.48 292,921.48 REVENUES & OTHER FINANCING SOURCES 1,355,621.52 1,363,037.71 1,384,680.00 EXPENDITURES & OTHER FINANCING USES 1,338,829.06 1,347,793.53 1,383,230.00 CAPITAL PROJECTS FUND- (Fund 46) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 4,285,251.17 4,238,761.51 4,897,750.36 Ending Fund Balance 4,238,761.51 4,897,750.36 5,097,750.36 REVENUES & OTHER FINANCING SOURCES 36,820.34 658,988.85 200,000.00 EXPENDITURES & OTHER FINANCING USES 83,310.00 0.00 0.00 FOOD SERVICE FUND- (Fund 50) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 243,668.53 204,521.84 186,250.99 Ending Fund Balance 204,521.84 186,250.99 102,456.99 REVENUES & OTHER FINANCING SOURCES 382,443.92 355,897.88 389,122.00 EXPENDITURES & OTHER FINANCING USES 421,590.61 374,168.73 472,916.00 TRUST FUND- (Fund 73) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 432,816.05 420,619.63 412,424.31 Ending Fund Balance 420,619.63 412,424.31 404,424.31 REVENUES & OTHER FINANCING SOURCES 5,822.02 7,729.47 8,000.00 EXPENDITURES & OTHER FINANCING USES 18,018.44 15,924.79 16,000.00 Investment Return-$7,729.47 Interest @ 1.84% COMMUNITY SERVICE FUND- (Fund 80) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 37,494.09 37,036.66 37,436.65 Ending Fund Balance 37,036.66 37,436.65 37,436.65 REVENUES & OTHER FINANCING SOURCES 115,432.93 100,729.00 103,000.00 EXPENDITURES & OTHER FINANCING USES 115,890.36 100,329.01 103,000.00 Total Expenditures and Other Financing Uses ALL FUNDS Audited 2022-23 Audited 2023-24 Budgeted 2024-25 GROSS TOTAL EXPENDITURES -- ALL FUNDS 8,154,031.17 8,446,955.43 8,712,498.00 Interfund Transfers (Source 100) - ALL FUNDS 675,713.15 1,172,694.20 766,238.03 Refinancing Expenditures (FUND 30) 0.00 0.00 0.00 NET TOTAL EXPENDITURES -- ALL FUNDS 7,478,318.02 7,274,261.23 7,946,259.97 PROPOSED PROPERTY TAX LEVY FUND Audited 2022-23 Audited 2023-24 Budgeted 2024-25 General Fund 1,595,046.00 1,736,023.00 1,584,781.00 Referendum Debt Service Fund 0.00 0.00 0.00 Non-Referendum Debt Service Fund 0.00 0.00 0.00 Capital Expansion Fund 0.00 0.00 0.00 Community Service Fund 0.00 0.00 0.00 TOTAL SCHOOL LEVY 1,595,046.00 1,736,023.00 1,584,781.00 PERCENTAGE INCREASE --TOTAL LEVY FROM PRIOR YEAR 6.84% 8.84% -8.71%
159641_2 • wnaxlp NOTICE School District of Cornell 2024-25 Budget Publication Notice is hereby given, to the qualified electors of the School District of Cornell, that the budget hearing and annual meeting will be held in the Cornell Elementary School IMC, Monday, Oct. 28, 2024, at 5 p.m. The summary of the 2024-25 proposed budget is printed below. Detailed copies of the proposed budget are available at the Cornell Elementary School office. Dated this 24th day of October, 2024. /s/ Eileen Sikora, district clerk GENERAL FUND Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 2,618,836.58 3,116,596.89 2,638,225.07 Ending Fund Balance 3,116,596.89 2,638,225.07 2,627,911.07 REVENUES & OTHER FINANCING SOURCES Transfers-In (Source 100) 0.00 0.00 0.00 Local Sources (Source 200) 1,683,383.28 1,793,933.30 1,642,831.00 Inter-district Payments (Source 300 + 400) 403,740.45 356,091.53 379,777.00 Intermediate Sources (Source 500) 62,334.80 74,071.16 55,785.00 State Sources (Source 600) 3,611,265.11 3,463,993.41 4,192,620.00 Federal Sources (Source 700) 850,316.21 375,962.95 336,590.00 All Other Sources (Source 800 + 900) 63,113.16 66,315.20 119,435.00 TOTAL REVENUES & OTHER FINANCING SOURCES 6,674,153.01 6,130,367.55 6,727,038.00 EXPENDITURES & OTHER FINANCING USES Instruction (Function 100 000) 2,623,747.42 2,580,640.85 2,709,139.00 Support Services (Function 200 000) 2,127,457.25 1,944,714.55 2,340,680.00 Non-Program Transactions (Function 400 000) 1,425,188.03 2,083,383.97 1,687,533.00 TOTAL EXPENDITURES & OTHER FINANCING USES 6,176,392.70 6,608,739.37 6,737,352.00 SPECIAL PROJECTS FUND- (Funds 21 & 27) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 259,434.84 276,227.30 291,471.48 Ending Fund Balance 276,227.30 291,471.48 292,921.48 REVENUES & OTHER FINANCING SOURCES 1,355,621.52 1,363,037.71 1,384,680.00 EXPENDITURES & OTHER FINANCING USES 1,338,829.06 1,347,793.53 1,383,230.00 CAPITAL PROJECTS FUND- (Fund 46) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 4,285,251.17 4,238,761.51 4,897,750.36 Ending Fund Balance 4,238,761.51 4,897,750.36 5,097,750.36 REVENUES & OTHER FINANCING SOURCES 36,820.34 658,988.85 200,000.00 EXPENDITURES & OTHER FINANCING USES 83,310.00 0.00 0.00 FOOD SERVICE FUND- (Fund 50) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 243,668.53 204,521.84 186,250.99 Ending Fund Balance 204,521.84 186,250.99 102,456.99 REVENUES & OTHER FINANCING SOURCES 382,443.92 355,897.88 389,122.00 EXPENDITURES & OTHER FINANCING USES 421,590.61 374,168.73 472,916.00 TRUST FUND- (Fund 73) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 432,816.05 420,619.63 412,424.31 Ending Fund Balance 420,619.63 412,424.31 404,424.31 REVENUES & OTHER FINANCING SOURCES 5,822.02 7,729.47 8,000.00 EXPENDITURES & OTHER FINANCING USES 18,018.44 15,924.79 16,000.00 Investment Return-$7,729.47 Interest @ 1.84% COMMUNITY SERVICE FUND- (Fund 80) Audited 2022-23 Audited 2023-24 Budgeted 2024-25 Beginning Fund Balance 37,494.09 37,036.66 37,436.65 Ending Fund Balance 37,036.66 37,436.65 37,436.65 REVENUES & OTHER FINANCING SOURCES 115,432.93 100,729.00 103,000.00 EXPENDITURES & OTHER FINANCING USES 115,890.36 100,329.01 103,000.00 Total Expenditures and Other Financing Uses ALL FUNDS Audited 2022-23 Audited 2023-24 Budgeted 2024-25 GROSS TOTAL EXPENDITURES -- ALL FUNDS 8,154,031.17 8,446,955.43 8,712,498.00 Interfund Transfers (Source 100) - ALL FUNDS 675,713.15 1,172,694.20 766,238.03 Refinancing Expenditures (FUND 30) 0.00 0.00 0.00 NET TOTAL EXPENDITURES -- ALL FUNDS 7,478,318.02 7,274,261.23 7,946,259.97 PROPOSED PROPERTY TAX LEVY FUND Audited 2022-23 Audited 2023-24 Budgeted 2024-25 General Fund 1,595,046.00 1,736,023.00 1,584,781.00 Referendum Debt Service Fund 0.00 0.00 0.00 Non-Referendum Debt Service Fund 0.00 0.00 0.00 Capital Expansion Fund 0.00 0.00 0.00 Community Service Fund 0.00 0.00 0.00 TOTAL SCHOOL LEVY 1,595,046.00 1,736,023.00 1,584,781.00 PERCENTAGE INCREASE --TOTAL LEVY FROM PRIOR YEAR 6.84% 8.84% -8.71%
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