Details for MISSISSIPPI BEND AREA AGENCY - Ad from 2020-02-08

NOTICE OF PUBLIC HEARING ON PROPOSED BUDGET FISCAL YEAR 2020 - 2021 Pursuant to Iowa Code section 273.3(12), the area education agency Board of Directors presents notification of a public hearing on the proposed budget. Persons will be heard at the hearing for or against the proposed budget. Official AEA Name: Mississippi Bend Area Education Agency 9 Date of Hearing: 02/18/20 Time of Hearing: 04:30 PM Location of Hearing: 729 21st St., Bettendorf, Iowa Following is a summary of the proposed budget which is prepared on the GAAP (Generally Accepted Accounting Principles) basis. Supporting detail of revenues and expenditures is available for review at the office of the board secretary. A copy will be furnished on request. BUDGET FY 2020 - 2021 Sources and Functions, Three-Year Comparison All Funds except Internal Services, Agencies & Non-Expendable Trusts (or Permanent Funds and Private Purpose Trust Funds if reporting in compliance with GASB Statement 34) Resources: [1] [2] [3] Budget 2021 ReEstimated 2020 Actual 2019 Sources: Taxes 1100-1299 [1] 9,616,529 9,437,152 9,305,213 Tuition/Transportation Received 1300-1499 [2] 1,165,000 1,173,300 1,036,524 Earnings on Investments 1500-1599 [3] 8,000 8,000 8,819 Nutrition Program Sales 1600-1699 [4] 0 0 0 Student Activities & Sales 1700-1799 [5] 50,000 50,000 58,626 Other Revenues from Local Sources 1800-1999 [6] 1,600,000 3,103,800 3,258,666 Revenues from Intermediary Sources 2000-2999 [7] 27,600 27,600 107,894 10,612,229 10,353,432 State Foundation Aid 3111 [8] 11,975,061 Juvenile Home Tuition Aid Advance 3121 [9] 431,500 447,490 505,101 3112-3119, 3122-3999 [10] 1,815,619 1,809,836 2,184,581 4520-4529 [11] 11,536,031 11,788,298 12,018,524 Other State Sources IDEA Grants Other Federal Sources 4000-4519, 4530-4999 [12] Total Revenues (Rows 1 - 12) 515,000 524,412 479,395 [13] 38,740,340 38,982,117 39,316,774 743,909 1,261,891 40,578,665 General Long-Term Debt Proceeds 5100-5199, 5400-5699 [14] 0 Operating Transfers In 5200-5299,5700-6999 [15] 416,448 5300-5399 [16] 0 Proceeds of Fixed Asset Dispositions Total Revenues & Other Financing Sources (Row 13 - 16) [17] 39,156,788 39,726,026 Beginning Fund Balance [18] 1,250,982 -1,225,945 -4,181,634 Total Resources (Row 17 + 18) [19] 40,407,770 38,500,081 36,397,032 Requirements: Functions: Instruction 1000-1999 [20] 1,827,677 1,788,298 1,783,964 Student Support Services 2100-2199 [21] 18,116,329 17,726,001 17,683,044 Instructional Staff Support Services 2200-2299 [22] 7,935,706 7,764,736 7,745,919 General Administration 2300-2399 [23] 1,944,074 1,866,251 1,861,729 Building Administration 2400-2499 [24] 627,418 613,901 612,413 Business & Central Administration 2500-2519, 2540-2599 [25] 3,211,774 3,142,580 3,134,965 Purchasing, Distributing, Printing, Publishing,Duplicating 2520-2539 [26] 207,736 203,261 202,768 Plant Operations and Maintenance 2600-2699 [27] 951,912 931,404 929,147 Student Transportation 2700-2799 [28] 0 0 0 Other Support Services 2900-2999 [29] 64,710 64,245 64,089 Noninstructional Programs 3000-3999 [30] Facilities Acquisition and Construction 4000-4999 [31] 0 0 217,368 Debt Service 5000-5999 [32] 416,448 416,627 416,516 [33] 35,303,784 34,517,304 34,651,921 2,731,795 2,731,795 2,971,055 Total Expenditures & Other Financing Uses (Row 33 + 34) [35] 38,035,579 37,249,099 37,622,976 Total Expenditures (Row 20 - 32) Operating Transfers Out & Other Financing Uses 6100-6999 [34] 0 Ending Fund Balance Row 19 - Row 35) [36] 2,372,191 1,250,982 -1,225,945 Total Requirements (Row 35 + 36) [37] 40,407,770 38,500,081 36,397,032