The Cottonwood-Oak Creek School District budget for Fiscal Year 2008-09 tops $13 million.
"We've got an overall increase of 6 percent," said David Snyder, director of business services. Some of that increase comes from the Average Daily Maintenance. "We've had a small increase in student enrollment," Snyder said.
The district's total maintenance and operation budget is $13,214,501, an increase of 6.12 percent over last year's $12,452,285. Because the district's expenditure budget is dependent on ADM, the revenue budget matches the M&O budget.
Salaries and benefits are budgeted at $11,392,924, an increase of 3.5 percent from last year's $11,000,518.
"This year we were able to give an across-the-board increase of 3 percent," Snyder said. That increase is the same for all teachers, staff and administrators.
The district caught a break this year on health-care costs. "We didn't have any increase in our health insurance," Snyder said. But transportation costs are budgeted 11.5 percent higher than last year. Snyder explained that most of that increase is in fuel costs, with some of the increase going to salaries in the transportation department.
"We still only use 40 percent of our unrestricted capital for M&O purposes," Snyder said. "That leaves $330,000 for capital improvements and contingency funds." He said contingency funds would typically be repairs for buildings and infrastructure.
The district's tax levies will change slightly. The primary tax rate will increase from 1.6527 for last year to 1.6768 for this year. The secondary tax rate will drop from last year's 2.3124 to 2.2184 this year.
That means a home assessed at $200,000 will cost $443.68 in total property taxes for the school district, a drop of almost $20 from last year's $462.48.