Superintendent Dr. Brian Biermann presented a State of the District Address today, with a focus on the local option budget (LOB) mail in ballot question that tax payers received this week.
The information Brian submitted is very detailed and somewhat complicated because of the variable unknowns. In addition to the attached image of the State of the District, there are some fun facts to keep in mind:
  • No one knows what the new finance formula will look like
  • The USD 416 monthly payroll is approximately $1M
  • The USD 416 contingency fund holds approximately $153K
  • Districts have to $Zero out General and LOB funds each year
  • We have the lowest mill levy rate in the surrounding schools at 65.169
  • Our funding is down $216K since Brownback's decision on February 5
  • He did not need the approval of the legislature to make that decision
  • If the LOB vote is NO, we will incur a $220K decrease in LOB funding next year
  • The four funds are estimated:
    • General Fund +/- $9.6M
    • Local Option Budget (@33%) +/- $3.6M
    • Capital Outlay +/- $1.2M
    • Bonds/Interest (refinanced in 2014) +/- $4M