School Board Approves Budget
September 11, 2019
The Cheyenne County School District No. 1 Board of Education approved its 2019-2020 budget Monday night.
Prior to the regular board meeting, the board of the Sidney public schools held a public hearing to receive comments on the proposed budget. The proposal is for a general fund of $7,005,114, the Qualified Capital Purchase Undertaking Fund at $202,020 and the Bond Fund at $995,000.
The 2019-2020 budget itemizes $19,265,000 in disbursements and transfers, an increase of almost $5 million from 2018-2019. The budget shows an increase of $220,940 for Depreciation, about $119,000 for Employee Benefits, Qualified Capital Purpose Undertaking from $163,773 to $650,524. Overall, the budget shows an increase from $17,036,962 in 2018-2019 to $23,148,482 for the 2019-2020 school year.
The General Fund shows almost no increase, a bump from $19,047,150 in 2018-2019 to $19,265,000. The property tax request for the bond fund also includes a modest increase, from $965,456 in 2018-2019 to $995,000 proposed for 2019-2020.
The Total Operating Budget for 2018-2019 is $20,652,391 with $8,840,122 requested from Property Tax, compared to $20,912,201 for the 2019-2020 Operating Budget and $8,202,134 in Proposed Property Tax Request.
In the regular board meeting, board member Mike Palmer questioned raising the mill levy enough to pay off some district debt while still keeping the tax debt lower than previous years. Cheyenne County sustained another year of loss in valuation, consequently lowering the tax burden on property owners.
The board approved a budget of $7,005,114 for the General Fund, $202,020 for the Qualified Capital Purchase Undertaking Fund and $995,000 for the Bond Fund.
The board also approved resolutions for Call Resolution of Series 2012 Bonds and for 2013 Bonds, and for authorizing the issuance of bonds. The resolutions are in anticipation of the District saving money on debt notes.
In other business, the board approved seven students leaving the District and two students entering the District. The board also approved an overnight trip request by the Danz team to attend the State Dance competition Feb. 19-21, 2020.