Budget Terms Defined

Budget Definitions

REVENUE:
Local Taxes - Revenue received from collections of personal property tax (current & delinquent), real estate tax (current & delinquent), Prop C sales tax, financial institution tax, merchants & manufacturers tax, and tax increment financing (TIF) surplus tax. 

REVENUE:
VICC Revenue - Revenue received from the Voluntary Interdistrict Choice Corporation (VICC) for the transfer students from the city of St. Louis.

REVENUE:
State Aid - Revenue received from the state through the foundation formula, parents as teachers, and food service program subsidy.

REVENUE:
Federal Revenue - Includes all revenues received from the federal government for Medicaid, food service program, title programs, and the stabilization or ARRA program.

REVENUE:
Other Revenue - Includes all other sources of revenue not categorized above; interest earnings, food service revenue from students and employees, insurance payments from retirees & COBRA participants, student activities revenues, PTO revenue, Early Childhood receipts, athletic gate receipts, preschool tuition, facility rent revenue, revenue from the county for fines and taxes, collaborative school reimbursements from other districts, and miscellaneous other revenue.

EXPENDITURES:
Salaries - Payments for all staff salaries, including contracted, hourly, substitutes, and extra duty.

EXPENDITURES:
Benefits - Expenses related to fringe benefits, including retirement (both certified and support staff), social security taxes, medicare taxes, long term disability insurance, health insurance (medical, life, dental, and vision), and workmen’s comp insurance.

EXPENDITURES:
Purchased Services - Amounts paid for services rendered by personnel who are not on the district’s payroll (lawyers, architects, lawn care, copy machine contracts etc.) and for other services the district may purchase.

EXPENDITURES:
Supplies - Amounts paid for expendable materials and supplies. This includes items such as instructional supplies, textbooks, office supplies, maintenance supplies, and utilities.

EXPENDITURES:
Capital Outlay - Expenditures for the acquisition of capital assets or additions to capital assets. They include expenditures for land or existing buildings, improvements of grounds, construction of buildings, additions to buildings, remodeling of buildings, equipment, computer equipment, furniture, and lease purchase principal and interest payments.

EXPENDITURES:
Principal / Interest / Fees - Expenditures for the retirement of debt, the payment of interest on debt, and the payment of related fees.

 

 

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