Notice of Public Hearing on AEA 267’s Proposed Budget for the Fiscal Year 2016-17

Pursuant to Iowa Code Section 273.3(2), the Area Education Agency 267 Board of Directors presents notification of a public hearing on the proposed budget. Persons will be heard for or against the proposed budget. Area Education Agency 267 will hold the public hearing on Wednesday, February 3, 2016, at 6 pm in the AEA 267 Conference Center, Flex Room, 3712 Cedar Heights Drive, Cedar Falls, IA 50613.

AEA CERTIFIED BUDGET
For the Fiscal Year Ended June 30, 2017
Due Date: February 10, 2016

Three-Year Comparison Resources and Requirements

All Funds except Permanent Funds; Internal Service Funds; Private Purpose, Pension, and Investment Trust Funds; and Agencies
        Three Year Budget Comparison
Budget Re-Estimated Actual
2017 2016 2015
Resources (Sources) (Account ID 8):
Taxes (1100-1299) 12,741,324 12,225,923 12,118,861
Tuition/Transportation Received (1300-1499) 265,000 265,000 263,673
Earnings on Investments (1500-1599) 0 0 360
Nutrition Program Sales (1600-1699) 0 0 127
Student Activities & Sales (1700-1799) 0 0 0
Other Revenues from Local Sources (1800-1999) 9,653,060 9,439,833 9,856,356
Revenues from Intermediary Sources (2000-2999) 0 0 219,526
State Foundation Aid (3111) 14,335,761 12,890,033 12,792,071
Juvenile Home Tuition Aid Advance (3121) 1,395,671 1,278,110 1,165,654
Other State Sources (3112-3119, 3122-3999) 3,326,467 3,355,603 3,423,230
IDEA Grants (4510-4529) 15,597,839 15,468,316 15,319,196
Other Federal Sources (4000-4509, 4530-4999) 1,084,675 1,084,675 1,019,959
Total Revenues (Rows 1 – 12) 58,399,797 56,007,493 56,179,012
General Long-Term Debt Proceeds (5000-5199, 5400-5699) 0
Operating Transfers In & Other Sources (5200-5299, 5700-6999) 100,000 598,000 534,308
Proceeds of Fixed Asset Dispositions (5300-5399) 2,100 2,100 39,165
Total Revenues & Other Financing Sources (Row 13 – 16) 58,501,897 56,607,593 56,752,485
Beginning Fund Balance 5,218,503 6,716,682 5,933,977
Total Resources (Row 17 + 18) 63,720,400 63,324,275 62,686,462
Requirements (Functions) (Account ID 9):
Instruction (1000-1999) 10,883,208 10,658,529 10,107,009
Student Support Services (2100-2199) 20,492,432 19,392,484 18,375,195
Instructional Staff Support Services (2200-2299) 11,797,371 12,029,315 11,356,019
General Administration (2300-2399) 5,318,650 5,149,709 5,157,679
Building Administration (2400-2499) 707,609 687,900 840,528
Business & Central Administration (2500-2519, 2540-2599) 2,529,093 2,464,670 2,218,076
Purchasing, Distributing, Printing, Publishing, Duplicating (2520-2539) 920,742 899,151 849,440
Plant Operations and Maintenance (2600-2699) 1,714,780 1,666,743 1,740,912
Student Transportation (2700-2799) 56,773 56,739 219,607
Other Support Services (2900-2999) 591,461 582,900 555,910
Noninstructional Programs (3000-3999) 203,298 197,776 193,692
Facilities Acquisition and Construction (4000-4999) 100,000 598,000 532,552
Debt Service (5000-5999) 0 0 0
Total Expenditures (Row 20 – 32) 55,315,437 54,383,916 52,146,621
Operating Transfers Out & Other Financing Uses (6100-6999) 3,223,856 3,721,856 3,823,159
Total Expenditures & Other Financing Uses (Row 33 + 34) 58,539,293 58,105,772 55,969,780
Ending Fund Balance (Row 19 – Row 35) 5,181,107 5,218,503 6,716,682
Total Requirements (Row 35 + 36) 63,720,400 63,324,275 62,686,462

 We, the undersigned officers of the Area Education Agency, certify that all data in the Certified Budget as submitted here for the period beginning July 1, 2016, and ending June 30, 2017 are true, correct, and done in full compliance with the pertinent statutes of the State of Iowa, instructions of the State Department of Education, and Generally Accepted Accounting Principles (GAAP) as defined in Uniform Financial Accounting for Iowa School Districts and AEAs, to the best of our knowledge and belief.

Contact for Questions Concerning this Certified Budget Report:

AEA Number:       9207
AEA Name:           Area Education Agency 267
Contact Person:   David Nicholson, Chief Financial Officer
Phone Number:   319-273-8206
Fax Number:        319-273-8229
Email:                    dnicholson@aea267.k12.ia.us

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