W-MU School property tax levy drops by 73 cents per $1,000 taxable valuation
By TRISHA PHELPS
Mt. Pleasant News
WINFIELD — The Winfield-Mt. Union school board approved the fiscal 2013/2014 fiscal budget at Wednesday night’s meeting.
The fiscal year 2014 has a property tax valuation rate of $12.86976, which is a decrease from last year’s $13.60.
Property owners in the district will be paying $.73 less per $1,000 taxable valuation in property taxes according to the new budget. This would mean that a property with a taxable value of $50,000 would pay $643.50 at the new levy rate. At the previous levy, a property owner in the district with property valued at $50,000 would have paid $680.
The new levy will mean a difference of $12,586 in property tax revenue for the school district. According to last year’s budget, the district had $1,422,388 in property tax revenue. For fiscal year 2014, $1,409,802 is listed as the revenue from taxes levied on property.
The beginning fund balance, according to the budget, is $1,624,653, which is $404,596 less than the beginning fund in last year’s budget.
The school has budgeted for an ending fund balance of $636,233 which is a difference of $988,420 from last year’s $1,624,653.
The total enrollment for the school will also affect the school’s revenue.
“Our total enrollment overall, which is what generates the state funding ($6,000 per student) is 426.7 total,” reported Carmen Benson, W-MU’s business manager and board secretary.
The enrollment for the school is up by 51.7 students. Last year’s enrollment had 375 students.
“Our pre-school enrollment went up, and we get 50 percent of the funding for that (or $3,000 per student), which is good,” said Benson.
The increased enrollment helps with funding for the school.
“Because our regular program district cost went up due to the enrollment, we will have an increase for next year, which was enough to offset not receiving the budget guarantee,” said Benson. “Last year when we had a big decline in our enrollment, we were high on the budget guarantee. This year we are off that budget guarantee.”
The budget guarantee is funding from state aid and property tax that would guarantee that the school would not receive less funding than the previous year.
The school board also approved a 2.9 percent increase in pay for non-certified salaries for school district employees for the coming year, and health care will be offered for all employees who work 30 or more hours per week.
The school board also:
• Approved the safe and drug free prom resolution.
• Approved the senior class list of graduates for 2013.
• Toured the school grounds.
The next board meeting will be May 8 at 6:30 p.m. at the school media center.