NSD proposed budget

PROPOSED BUDGET OF EXPENDITURES TOGETHER WITH TAX LEVY FOR
FISCAL YEAR BEGINNING JULY 1, 2020 TO AND INCLUDING JUNE 30, 2021

The Board of Directors of Nevada School District of Nevada County, Arkansas in compliance with the requirements of A.C.A.§ 6-13-622 and Amendment 74 of the Constitution of the State of Arkansas, has prepared, approved, and does hereby make public a proposed budget of expenditures for the district in 2020 – 2021 together with a supporting tax rate as follows:

1. Salary Fund Expenditures	$ 1,921,000.00	6. Non-bonded Debt Payment	$  27,000.00
2. Instructional Expense	$   452,000.00	7. Bonded Debt Payment	$  73,000.00
3. Maintenance & Operation Exp.	$    520,000.00	8. Building Fund Expense	$
4. Pupil Transportation Expense	$   450,000.00	9. Dedicated Maint. & Op. Exp.	$
5. Other Operating Expense	$    350,000.00
34.8 Total Mills School Tax

This represents no change from the previous year. The total tax levy proposed above includes 25 mills for the maintenance and operation of schools, 0 dedicated maintenance and operation mills dedicated for other purposes, and 9 8 mills for debt service previously voted as a continuing debt service tax pledged for the retirement of existing bonded indebtedness. The district may use surplus revenues produced each year by debt service millage for other purposes.

Given this 31th day of January, 2019.                                             Nevada School District

Nevada County, Arkansas

Jeremy Casey      President of Board
Nelwyn Almand Secretary of Board