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Fund Types

Public school revenues are derived directly or indirectly from state and local taxes. The state support for the education fund and part of the operations fund is generated from sales tax and income tax. Local taxes received by schools are from the collection of property taxes and auto license excise taxes. 

 

Four funds divide the annual budget. Data is reviewed and presented at the annual budget hearing in September. Each fund is described briefly below:

The largest of the four funds which finances the instruction and instructional support of the schools including personnel salaries, fringe benefits, and supplies.

This fund finances the operations of the schools including salaries, fringe benefits, utilities, building maintenance, capital improvements, transportation, and bus purchases.

This fund is used primarily for financing buildings through lease rental agreements and bond obligations.

This fund is used primarily for financing buildings through lease rental agreements and bond obligations that have been approved through the referendum process.

  • The largest of the four funds which finances the instruction and instructional support of the schools including personnel salaries, fringe benefits, and supplies.

  • This fund finances the operations of the schools including salaries, fringe benefits, utilities, building maintenance, capital improvements, transportation, and bus purchases.

  • This fund is used primarily for financing buildings through lease rental agreements and bond obligations.

  • This fund is used primarily for financing buildings through lease rental agreements and bond obligations that have been approved through the referendum process.

The Budget

The Budget

EXPENDITURES - 2023        

Education Fund Expense Budget             Operations Fund Expense Budget  
         
 Salaries 68.92 %   Salaries 32.74 %
 Fringe Benefits 25.45 %   Fringe Benefits 16.61 %
 Supplies   4.17 %   Supplies and Equipment 18.32 %
 Services   1.35 %   Services 19.81 %
 Miscellaneous     .11 %   Utilities 12.04 %
      Miscellaneous   1.03 %

   

Education Fund   $54,878,775
Operations Fund   $19,619,004
Debt Service Fund   $16,965,956
Referendum Debt Fund   $2,649,000

 

NACS 2024 assessed valuation: $3,786,107,865
NACS 2024 tax rate is as follows: 

Operations Fund    $ .3405
Debt Service Fund    $ .4752
Referendum Debt Fund    $ .0640

TOTAL TAX RATE

 

 $  .8797
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Additional Notices available on the School Board webpage.