Revenue Projections FY09
Revenue	FY08 Budget	FY09 Proposed	Difference	Explanation	Revenue	Budget FY08	FY07 Proposed Budget
Education Spending (Act 68 definition)	11,746,269	12,045,293	299,024	Amount from state to fund education spending.	Education Spending (Act 68) - 83%	11,746,269	12,045,293
Title 1 Grant	324,095	325,846	1,751	Federal funds for remedial programs.	Federal Grants - 4%	573,535	582,191
Special Ed Intensive	1,028,422	978,064	(50,358)	State special education funding estimated at 56.82% for reimbursement of costs exceeding grants.	State Funds - 11%	1,550,319	1,647,709
Special Ed Block Grant	340,408	335,488	(4,920)	State provides sum of money based on enrollment and core special ed staffing.	Other - 1%	194,000	133,000
Special Ed Extraordinary	108,000	260,999	152,999	State provides sum of money for extraordinary costs.	Fund Balance - 1%	79,136	132,870
IDEA B Grant	249,440	256,345	6,905	Reflects change over last year's funding.		14,143,259	14,541,063
Tuition	99,000	44,000	(55,000)	Tuition estimate from other LEA's and private sources.
Rentals	40,000	36,000	(4,000)	Income received for use of facilities including $23,500 in rental from Senior Citizens Center.
Vocational Transportation	12,080	15,720	3,640	State reimbursement for transportation expenses.
Driver Education	6,600	7,368	768	State reimbursement for driver education expenses.
Miscellaneous	5,000	1,000	(4,000)	Miscellaneous revenue and donations received.
Transportation Aid	54,809	50,070	(4,739)	State reimbursement for K-12 transportation expenses (45%)
Revenue from City of Montpelier	7,500	2,000	(5,500)	Revenue received for services provided to the city.
Interest	50,000	50,000	-	Anticipated interest earned for FY09
Balance Forward	79,136	132,870	53,734	Fund balance for tax reduction, capital improvements, and equipment.
Total General Fund	$14,150,759	$14,541,063	$390,304	2.76%
Other Grant Funds	$507,217	$531,141	$23,924	4.72%
Total General and Grant Funds	$14,657,976	$15,072,204	$414,228	2.83%