Finance

Below are documents related to the 2024 budget adoption process.  The rates and levies for the advertised and adopted 2024 budget will be higher than expected – to protect revenue for the 2024 levy.  The reason for doing this is to help guard against errors that might be made by the county or state in forecasting excise revenues, assessed values, and property tax caps. Advertising a higher amount also protects from any changes that may happen during the 3 month budgeting process.  At any point in the budget process, proposed budgets can be decreased below what is advertised.  The goal is to ensure the school district can maximize revenue to the extent possible.  

Similarly, the items listed on the Capital Assets Plan and Capital Improvements Plan, as well as the costs associated on the Bus Replacement Plan, can only be completed if there is sufficient revenue to fund these projects and purchases.  Avon Community School Corporation (ACSC) is expected to be negatively impacted by property tax caps approximately $6-$7 million in 2024.  In other words, ACSC can anticipate that approximately $6-$7 million of the approved property tax levy will not be received due to property tax caps.  As a result, many of the items included on these plans will not be completed.