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DC Everest budget hearing: state aid increases partially offset levy as enrollment declines
Summary
At an October 2024 budget hearing, DC Everest finance presenter Kelly Schrank said state revenue-limit increases and higher aid will yield roughly $1.9 million in net new revenue even as the district faces declining enrollment and plans to use fund balance for approved capital projects.
At the DC Everest Area School District budget hearing, finance presenter Kelly Schrank outlined how changes in the state budget and local enrollment are likely to shape the district’s 2024–25 finances.
Schrank said the state’s biannual budget raised revenue limits by $325 per pupil and increased the low-revenue ceiling to about $11,000; mental-health aid of $31 per student was added and special-education aid rose to about 32.4% of eligible costs. “A balanced budget is when both revenue when revenues equal expenditures,” Schrank said as she summarized the district’s operational picture.
The presenter explained how the revenue-limit calculation depends on a district’s three-year rolling membership average and property values. Schrank…
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