PROPOSED FINAL BUDGET FOR 2013 -14

At the regular meeting of the Board of Education on Wednesday, May 8, 2013 the following resolution was passed for the 2013-14 Proposed Final Budget:

202      Proposed Final Budget for 2013-14 School Year

Moved by Nelson and Reiniger that the Board of Education of the Muhlenberg School District present and make available the proposed final budget for fiscal year 2013-14, with additional revisions to be made as financial data is received, to be finally adopted on June 19, 2013.  This proposed budget includes revenues totaling $49,084,258; the assigned PSERS fund balance of $570,000; expenditures totaling $49,654,258; and a millage rate of  26.81 mills (a 0.50 millage increase).

 The proposed budget will be made available for public inspection for a period of at least twenty (20) days prior to final adoption and that notice be given to the public that the School Board intends to adopt the 2013-14 Final Budget at the Regular Meeting at the Muhlenberg High School First Floor Lecture Hall commencing at 7:00 p.m. on June 19, 2013.

Proposed Final Budget for 2013-14

Yeas:  Heckman, Love, Mengle, Nelson, Reiniger, Seidel.

Motion carried unanimously.

PRELIMINARY BUDGET FOR 2013-14

At the regular meeting of the Board of Education on Wednesday, February 13, 2013 the board adopted the Preliminary General Fund Budget for 2013-14 school year in the amount of $49,892,461 containing a real estate tax inicrease in excess of the school district's Act 1 Index. (Proposed real estate tax rate of 27.7036 mills, an excess of 0.8148 mills above the state index of 26.8888 mills.)

Preliminary Budget for 2013-14

Be it further resolved, that the administration is authorized to take steps necessary to seek exceptions as required to account for any increase as indicated in excess of the Act 1 Index.

Notice of Act 1 Referendum Exception

ADOPTION OF FINAL BUDGET FOR 2012-13

At the regular meeting of the Board of Education of the Muhlenberg School District on Wednesday, June 20, 2012, the Board adopted the 2012-13 School Year Budget. The balanced budget has expenditures totaling $47,863,554. Revenues total $47,488,554 and the assigned PSERS fund balance totals $375,000. The millage rate of 26.31 mills depicts a zero "0" millage increase.

A copy of the Final Budget is attached below:

2012-13 Final Budget

PROPOSED FINAL BUDGET FOR 2012-13

At the regular meeting of the Board of Education of the Muhlenberg School District on Wednesday, May 9, 2012, the Board approved a Proposed Final Budget for the 2012-13 fiscal year which includes Revenue amount of $47,311,407; the assigned PSERS fund balance of $375,000; and Expenditures totaling $47,686,407. The budget reflects a millage rate of 26.31 mills (a zero "0" increase).

A copy of the proposed budget is attached below:

2012-13 Proposed Final Budget

The final budget to be adopted at the June 20, 2012 school board meeting.

PROPOSED PRELIMINARY BUDGET FOR 2012-13

The 2012-13 Preliminary Budget was presented at the December 5, 2011 school board meeting. The district's Act 1 Index is 1.7%, adjusted to 2.2%, for a maximum millage increase of .58 mils. The district has two options for compliance with the Act 1 Index - Resolution indicating it will not raise taxes above the index, OR, to pursue referendum exceptions. The Board shall act on this resolution at the December 14, 2011 meeting.

2012-13 Proposed Preliminary Budget

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Events for the week of June 19, 2013

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