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Vernonia SD 47J business manager reviews bond payments, revenue projections and $15.5M total budget
Summary
Business manager Marie Knight outlined the district's debt schedule (three staggered bonds through 2035'037), revenue and fund structure, and presented a total budget figure of $15,500,000; she also explained property-tax revenue estimates used in state formulas.
Marie Knight guided the committee through the fund-by-fund resources and requirements pages, describing three outstanding bonds with staggered payments and the debt-service schedule. She said this is the first year with no payments on one of the 2017 bonds and explained how the debt schedule informs what is requested from the bond fund.
Marie also presented resource projections for the general fund and noted the district's total budget is $15,500,000. She explained the property-tax numbers used in the state funding formula and read historical receipts: for example, she cited prior-year property-tax receipts and budgeted estimates that feed into the state school fund calculation. She advised members how to find revenue and requirements by fund in the packet and urged use of the packet to form focused follow-up questions.
