2020-2021 Revised Operating Revenue 2021-2022 Proposed Operating Revenue Variance $ Variance % Local Taxes $48,700,010 $49,410,590 $710,580 1.46% County $430,800 $401,920 ($28,880) (6.70%) State $1,791,950 $1,807,030 $15,080 0.84% Federal $774,400 $806,560 $32,160 4.15% Other $7,630,610 $8,647,850 $1,017,240 13.33% Total Operating $59,327,770 $61,073,950 $1,746,180 2.94%

The increase in operating revenue is primarily due to the increase in local taxes due to receiving a 1.4% adjustment for CPI. Other income’s increase is primarily due the significant reductions in student activities and Family Center revenue for the 2020- 2021 school year and returning close to pre-pandemic levels for 2021-2022. 28

EXPENDITURES

Expenditures by Function

The expenditure function code describes the action, purpose, or program for which activities are performed. DESE requires the District to report by functions based on five main categories: Instruction, Support Services, Community Services, Facilities Acquisition and Construction, and Debt. These functions are further classified into sub-functions based on schools, programs, services, and areas of responsibilities.

1000-1999 Instruction – Activities dealing directly with the teaching of pupils, or the interaction between teachers and pupils. Teaching may be provided for pupils in a school classroom, in another location such as a home or hospital, or in another learning situation. Activities of aides or assistants are included in this function when they assist in the instructional process.

2000-2999 Support Services – Services that provide administrative, guidance, health, and logistical support to facilitate and enhance instruction. Supporting services exist as adjuncts for the fulfillment of the objectives of instruction.

3000-3999 Community Services – Activities that do not directly relate to providing education of pupils in the District. These include services provided by the District for the whole or segments of the community.

4000-4999 Facilities Acquisition and Construction Services – Activities concerned with the acquisition of land and buildings, remodeling buildings, the construction of buildings, additions to buildings, the initial installation of service systems, the extension of service systems, and any other project meant to improve a site.

5000-5999 Short and Long-Term Debt – Activities servicing the debt of the District.

Expenditures by Object

The expenditure object code identifies the service or commodity obtained. The major expenditures by object categories are:

6100-6199 Salaries – Amounts paid to employees of the District who are considered to be in a position of permanent or temporary employment, including personnel substituting for those in permanent positions. This includes gross salary for services rendered while on the payroll of the District.

6200-6200 Benefits – Amounts paid by the District for benefits on behalf of the employee. These amounts are not included in the gross salary. Such expenditures include fringe benefits. While these payments are not paid directly to the employee, they are considered part of the cost of employment.

6300-6399 Purchased Services – Amounts paid for services rendered by personnel who are not on the payroll of the District and for other services which the District may purchase. While a product may or may not result from the transaction, the primary reason for the purchase is the service provided.

6400-6499 Supplies – Amounts paid for material items of an expendable nature that are consumed, deteriorate in use, or lose separate identity through fabrication or incorporation into different or more complex units or substances. 29