Revenue Projections FY08
Revenue FY07 Budget FY08
Budget		 Difference Explanation Revenue Budget FY06 FY07 Proposed Budget
Education Spending (Act 68 definition)   11,174,098        11,746,269       572,171 Amount from state to fund education spending. Education Spending (Act 68) - 83% ####### 11,746,269
Title 1 Grant        307,222             324,095         16,873 Federal funds for remedial programs.  Use of carry forward for FY06. Federal Grants - 4% 550,736 573,535
Special Ed Intensive         989,824          1,028,422         38,598 State special education funding estimated at 57% for reimbursement of costs exceeding grants. State Funds - 11% ####### 1,550,319
Special Ed Block Grant        324,577             340,408         15,831 State provides sum of money based on enrollment and core special ed staffing. Other - 1% 192,200 201,500
Special Ed Extraordinary                  -               108,000       108,000 State provides sum of money for extraordinary costs. Fund Balance - 1% 200,856 79,136
IDEA B Grant        243,514             249,440           5,926 Reflects change over last years funding. ####### 14,150,759
Tuition        107,200               99,000          (8,200) Tuition estimate from other LEA's and private sources.
Rentals          40,000               40,000                 -   Income received for use of facilities including $23,500 in rental from Senior Citizens Center.
Vocational Transportation          10,920               12,080           1,160 State reimbursement for transportation expenses.
Driver Education            6,500                 6,600              100 State reimbursement for driver education expenses.
Miscellaneous            5,000                 5,000                 -   Miscellaneous revenue and donations received.
Transportation Aid          53,735               54,809           1,074 State reimbursement for K-12 transportation expenses (50%)
Revenue from City of Montpelier                  -                   7,500           7,500 Revenue received for services provided to the city.
Interest          40,000               50,000         10,000 Anticipated interest earned for FY08
Financial Software Reserve          26,563                       -          (26,563) Money reserved for financial software, but not needed, used to reduce taxes.
Balance Forward        200,856               79,136      (121,720) Fund balance for tax reduction, capital improvements, and equipment.
Total General Fund $13,530,009 $14,150,759 $620,750 4.59%
Other Grant Funds $492,685 $507,217 $14,532 2.95%
Total General and Grant Funds $14,022,694 $14,657,976 $635,282 4.53%