About the Budget

  • 2023-24 Budget
    Historical graph showing mill levy (tax rate) from 1993 to 2023.

    Historical graph showing decrease in mill levy (tax rate) from 2010 to 2023.

  • Estimates for 2023-24
    Data as of August 2023 

    General Fund Budget
    $54,382,611 (estimated)

    Supplemental General Fund Budget
    $18,136,955 (estimated) 

    Estimated Assessed Property Valuation
    $770,250,254 (estimated for general fund)

    Estimated District Mill Levy (tax rate) - All Funds
    61.126  (represents a decrease of 22.97 mills since 2010)

    Outstanding Indebtedness
    $146,705,000

    video play button
    View a budget presentation prepared by Dr. Cory Gibson, Superintendent of Schools.      

      2023-24 Budget Info

      Needs Assessments

      Sources of Funding

      • There are three basic funds available to school districts.

        1. Operational Funds
        Operational funds are used to support the day-to-day activities of the school district. This includes the payment of salaries and benefits, utilities, student transportation, and supplies and services.

        2. Capital Funds 
        Capital funds are used to repair and maintain buildings and purchase equipment and furniture. While operational funds typically benefit the year the expenditure is made, capital expenditures generally provide benefits for many years. There is a special type of capital fund that is supported by the sale of general obligation bonds. Investors purchase the bonds and the proceeds are used for a major construction program. 

        3. Bond and Interest (Debt Service) Funds 
        The third type of fund is usually called a Debt Service fund, but Kansas law refers to this fund as the Bond & Interest Fund. This fund is used to repay investors for the amount borrowed plus accumulated interest.

        Bond and Interest 
        The district must assess whatever property tax levy is necessary to pay the outstanding general obligation debt when it becomes due plus accumulated interest.

        Special Revenue Funds 
        Kansas law requires districts to use additional accounting funds to separate program expenditures. These special revenue funds include adult education, at risk, bilingual (English Language Learners), drivers' education, food service, professional development, summer school, special liability expense, special reserve, federal funds, grants, declining enrollment, cost of living, KPERS retirement, contingency reserve, parent education, special education, student materials, textbook rental, and vocational education. For simplicity, these funds can be viewed as operational.  

        Pass Thru Funds 
        The district collects revenue in these funds and all proceeds are turned over to the state.

        How can the district purchase equipment or refurbish buildings while operating funds are so limited?
        State law places restrictions on the amount of operating funds a district can spend. This restriction is part of an equalization plan for all districts in the state. Currently, state law does not place these restrictions on capital purchases.

        KPERS
        The employer contribution to the KPERS retirement system is paid by the state. The state momentarily transfers the amount of the state contribution to the school district and then withdraws it. This procedure is used so districts will include the cost in their budgets.

        There is another special revenue fund called special assessments that is a type of capital fund.  One reason it is difficult to understand school finance is because of the large number of funds and the mechanism to provide revenues to support the expenditures in each of the funds.