City of Montpelier, Vermont

Montpelier 2011 / Annual Report / 99Revenue Projections FY12Revenue FY11 FY12 Proposed Difference ExplanationEducation Spending (Act 68 definition) 12,082,240 12,151,610 69,370 Amount from state to fund educationspending.Title 1 Grant 359,363 334,746 (24,617) Federal funds for remedial programs.Special Ed Intensive 1,105,575 1,119,939 14,364 State special education funding estimated at56% for reimbursement of costs exceedinggrants.Special Ed Block Grant 338,722 336,702 (2,020) State provides sum of money based onenrollment and core special ed staffing.Special Ed Excess Costs 50,509 54,516 4,007 Sp Ed Costs paid for by another LEA.Special Ed Extraordinary 165,020 278,375 113,355 State provides sum of money forextraordinary costs.IDEA B Grant 256,345 277,171 20,826 Reflects level funding for Federal Grant atFY11 actual grant amountTuition 26,000 26,600 600 Tuition estimate from other LEA's and privatesources.Rentals 12,000 11,250 (750) Income received for use of facilities.Vocational Transportation 13,500 13,943 443 State reimbursement for transportationexpenses.Driver Education 5,980 4,250 (1,730) State reimbursement for driver educationexpenses.Miscellaneous 1,000 2,000 1,000 Miscellaneous revenue and donationsreceived.Transportation Aid 42,506 42,973 467 State reimbursement for K-12 transportationexpenses (45%).Interest 10,000 10,000 - Anticipated interest earned.Balance Forward 246,724 267,500 20,776 Fund Balance to reduce taxesTotal General Fund $14,715,484 $14,931,575 $216,091 1.47%Other Grant Funds $863,919 $468,675 -$395,244 -45.75%Total General & Grant Funds $15,579,403 $15,400,250 -$179,153 -1.15%1.8%0.3%12.4%4.1%FY12 Revenue ProjectionsEducation Spending (Act 68) -82.1%Federal Grants - 4.2%State Funds - 11.7%Other - .3%Fund Balance - 1.8%81.4%