Admin

Finance

Public school revenues are derived directly, or indirectly from state and local taxes. The state support for the general fund is generated from sales tax and income tax. Local taxes received by schools are from the collection of property taxes and auto license excise taxes.

Five funds divide the annual budget. Data is reviewed and presented at the annual budget hearing in September. Each fund is described briefly below:

GENERAL FUND: The largest of the five funds which finances the daily operation of the schools including personnel salaries, fringe benefits, utilities, and supplies.

DEBT SERVICE FUND: This fund is used primarily for financing buildings through lease rental agreements and bond obligations.

CAPITAL PROJECTS FUND: This fund is for the purchase of land, remodeling existing buildings, building new facilities, capital site improvements, equipment, and technology.

TRANSPORTATION FUND: This fund is used to pay school bus drivers' salaries and fringe benefits, bus repair, and for all transportation expenditures.

BUS REPLACEMENT FUND: This fund is used for the purchase of new school buses.

The Budget

EXPENDITURES
General Fund Expense Budget
Salaries 68.09%
Employee Fringe Benefits 24.63%
Utilities 2.06%
Miscellaneous .31%
Supplies 2.46%
Services 2.45%

General Fund
Debt Service Fund
Transportation Fund
Bus Replacement Fund
Capital Projects Fund

$47,680,373
$14,229,555
$3,588,356
$1,041,713
$5,157,306

NACS Assessed Valuation: $1,996,011,877

NACS's 2018 tax rate is as follows:

    Debt Service Fund
    Transportation Fund
    Bus Replacement Fund
    Capital Projects Fund

    $.6573
    .1740
    .0501
    .2381

Total tax rate:

$1.1195