Newspaper article THE JOURNAL RECORD

Miscellaneous

Newspaper article THE JOURNAL RECORD

Miscellaneous

Article excerpt

(30514)

BOARD OF EDUCATION PRELIMINARY ESTIMATE OF NEEDS

AND CALL FOR AN ELECTION

The estimated amount or amounts of money and the tax rate or rates believed to be required for the support and maintenance of the schools in Metro Area Vocational Technical School District No. VT-22 of Oklahoma County, Oklahoma, for the ensuring fiscal year.

THE ESTIMATED NEEDS FROM THE GENERAL FUND TO MAINTAIN A LEGAL TERM OF SCHOOL FOR THE ENSUING SCHOOL YEAR

Instruction Services

$5,150,000 Support Services _ Students

$1,435,000 Support Services _ Instructional Staff

$ 980,000 Support Services _ General Administration

$ 735,000 Support Services _ School Administration

$1,715,000 Support Services _ Business

$ 730,000 Operations and Maintenance of Plant Services

$1,060,900 Student Transportation Services

$ 499,500 Support Services _ Central

$1,235,000 Other Support Services

$ 270,200 Food Services

$1,100,000 Other Outlays and Uses

$ 118,000 1.Total Current Expense $15,028,600 2.Required for Interest $-0- 3.Total Estimated Needs From General Fund $15,028,600 (Sum of Items 1 2) THE ESTIMATED INCOME FOR THE GENERAL FUND FROM SOURCES OTHER THAN DISTRICT AD VALOREM TAXES

4.Probable balance on hand, if any, at the close of present fiscal year

$1,700,000 5.Estimated income from County 4 mill levy for the ensuing fiscal year

$-0-

6.Estimated income from State Aid

$3,519,580 7.Estimated income from all other miscellaneous revenue

$2,365,000 8.Total estimated income other than district ad valorem tax for the ensuing fiscal year $7,584,580 (Sum of Items 4, 5, 6 7) 9.Balance required to be raised from district ad valorem taxes $7,444,020 (Item 3 minus Item 8) 10.Since the net assessed valuation of the school district is $730,011,914 an ad valorem tax levy of 10 Mills would be required to raise the additional amount of money required to finance the preliminary estimate of needs for current expense, as hereinabove set forth for the ensuing fiscal year. …

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