Student enrollment at the school has steadily increased each year since 2004, rising from 3,582 students to over 4,000 students currently. However, the number of total employees has increased at a slower rate, leading to a deficit. The largest expenses contributing to the $2.1 million deficit are salaries (72%) and benefits (13%) for faculty and staff. Property taxes, which provide revenue to the school, have increased each year by 11-13% on average. However, this revenue has not kept pace with rising costs due to increased enrollment.

1. Monday February 10, 2014

2. Student Enrollment
4500
4069 4176
4000
3500
3000
2500
2000
1500
1000
500
0
2270 2365
2451
2608 2753
2920
3028
3270
3412
3582
3727

3. Increased Student Enrollment Vs. Total Employees
700
562
600
500
400
300
250
200
100
95
04
145
05
06
292
348
484
342
242
167
142
108
86
03
270
157
245
264
313
389
434
592
170
145
107
0
07
08
Increased Enrollment
09
10
11
Total Employees
12
13
14

4. 16.00%
% EAV (Property Tax Revenue) Increase From Prior Year
13.41%
14.00%
12.35%
12.00%
10.00%
13.29%
11.15%
11.66%12.02%
11.91%
11.79%
11.56%
11.54%
11.24%
8.00%
6.00%
4.00%
5.53%
3.57%
2.00%
1.30%
0.00%
0.07%

5. $2.1 Deficit by Object
Purchased
Services
5%
Equipment
1%
Other
5%
Supplies
4%
Benefits
13%
Salaries
72%

6. $2.1 Million Deficit Expenses by Object
Original 2.1 Million
Deficit
Category Total
Total Ed Fund
Expenditures
% of ED Fund
Expenditures
Salaries
$21,199,080
$29,296,586
72%
Benefits
$3,796,373
$29,296,586
13%
Purchased Services
$1,676,498
$29,296,586
4%
Supplies and
Materials
$1,078,905
$29,296,586
5%
$147,230
$29,296,586
1%
$1,398,500
$29,296,586
5%
Equipment
Payments to Other
Districts

7. Supplies and
Materials
5%
Equipment
1%
Purchased
Services
4%
Payments to
Other
Districts
5%
Benefits
14%
Salaries
71%

8. Proposed FY15
Category Total
Salaries
$19,787,842
Benefits
$3,990,914
Purchased Services
Supplies and
Materials
Total Ed Fund
Expenditures
Equipment
Payments to Other
Districts
% of ED Fund
Expenditures
$28,122,537
71%
$
28,122,537
14%
$1,098,766
$
28,122,537
4%
$1,479,497
$
28,122,537
5%
$376,019
$
28,122,537
1%
$1,389,500
$
28,122,537
5%

9. Amount of EAV Increase/Year
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

10. Change In Existing EAV by Levy Year
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$$(5,000,000)
$(10,000,000)
$(15,000,000)

11. % Education Fund Tax Revenue Increase by Levy Year
14.00%
12.32%
12.00%
10.00%
11.24%
10.06%
9.91%
8.00%
6.00%
3.95%
4.00%
3.45%
3.27%
2.00%
0.62%
0.00%
2005
2006
2007
2008
2009
2010
2011
2012

12. Education Fund Tax Revenue Increase/ Levy Year
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
2012
2011
2010
2009
2008
2007
2006
2005
$0

13. Education Fund
Tax Revenue/Pupil
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$2004 2005 2006 2007 2008 2009 2010 2011
2012