The Arapahoe Board of Education met on Wednesday, August 22, 2018 for a special budget workshop meeting. Those in attendance included board members Lisa Anderson, Chad Carpenter, Dennis Roskop, Brad Schutz, Dan Warner and Rod Whipple along with superintendent Dr. George Griffith and the district’s business manager, Cassie Hilker and various visitors.
The board discussed at length the budget for the upcoming 2018-2019 fiscal year. Money from the general fund will be used to make the December bond payment. The board also discussed the state of the current transportation fleet and what the upcoming needs are going to be. The initial proposed figures indicated a general fund levy of $.708665 and a bond fund levy of $0.184688 for a total tax levy of $0.893353. Tax asking for the general fund was listed at $3,352,603 and the bond fund tax asking is at $873,737. The board reviewed comparisons between the Arapahoe school district and other area school districts. After more discussion, the board directed Dr. Griffith to remove $100,000 from the general fund for a proposed property tax request of $3,251,593.09, placing $100,000 in Cash Reserve. The bond fund tax request is at $873,737.37 for a total tax request of $4,125,330.46. The proposed tax rate was set at $0.687314 for the general fund and $0.184688 for the bond levy for a total $0.872002.
Valuations for the school district for 2017-2018 were $504,571,421 compared to $473,087,160 for the 2018-2019 school year.The 2017-2018 Property Tax Request was $2,980,192.90 for the general fund and $602,663.05 for the bond fund with a Property Tax Rate $0.590638 for the General Fund and $0.119441 for the Bond Fund for a total tax levy of $0.710079. The 2017-2018 Property Tax Request was $2,950,391.00 for the general fund and $602,663.00 for the bond fund with a Property Tax Rate $0.623646 for the general fund and $0.12389 for the bond fund for a total tax levy of $0.751.35.
To read the complete story, read this week’s print edition of the Arapahoe Public Mirror.