Current Year Revenues & Expenses

We are dependent on our community to support the academic and other programs that make Hudson one of the most recognized PreK-12 programs in the state. As shown on the graph below more than 61% of the revenue to Hudson Schools is provided directly from local real estate taxes. Hudson will also see a proposed 16.9% decrease in funding from the State beginning next year. For more information on the specific revenue and expenses categories please roll your mouse over the “i” next to the category.

General Fund Reciepts – FY 2010

61.4%

Local Real Estate Taxes

Local Real Estate Tax is paid by the community. Information about how to calculate your school real estate tax can be found under the Understanding Property Tax tab on the main page of the web site dashboard. School levies based on property tax are currently the only funds that stay in our school district. More information about this revenue can be found on line 1.01 under the District’s 5-Year Forecast Tab.

1.5%

Tangible Personal Property Taxes

This revenue currently comes from the State, but is being phased out starting next year due to the proposed new State Budget. At one time, this tax provided our district with $4.1 million per year. Starting in 2012, the district will lose $1,123,243 each year for three years until the money is completely eliminated. More information about this revenue can be found on line 1.02 under the District’s 5 Year Forecast Tab.

19.0%

Unrestricted Grants-in-Aid This is our school district’s state funding that can be used for operating. Under the new State Budget proposal our state funding is being reduced 5.9% or $636,780 per year going forward.

This is our school district’s state funding that can be used for operating. Under the new State Budget proposal our state funding is being reduced 5.9% or $636,780 per year going forward.

1.6%

Restricted Grants-in-Aid

This revenue from the State must be used for specific purposes only. For example, we sometimes receive money back from the State for Special Education that can only be used for Special Education. We sometimes receive money that can only be used to buy buses or for our Six District Compact, joint vocational student expenses. More information about this revenue can be found on line 1.04 under the District’s 5-Year Forecast Tab.

14.6%

Homestead/Rollback & TPP Hold Harmless This revenue, 12.5%, is from the State and allocated to our district from Homestead and Rollback property taxes. Tangible Personal Property Tax reimbursement will be reduced by $1.1 million dollars per year until we lose all of the $4.5 million dollars per year that the district has received in the past.

This revenue, 12.5%, is from the State and allocated to our district from Homestead and Rollback property taxes. Tangible Personal Property Tax reimbursement will be reduced by $1.1 million dollars per year until we lose all of the $4.5 million dollars per year that the district has received in the past.

1.7%

All Other Operating Revenue Local revenue is comprised of fees, investments, property rental, revenue in lieu of taxes, contributions, donations and other sources. More information about this revenue can be found on line 1.06 under the District’s 5-Year Forecast tab.

Local revenue is comprised of fees, investments, property rental, revenue in lieu of taxes, contributions, donations and other sources. More information about this revenue can be found on line 1.06 under the District’s 5-Year Forecast tab.

0.4%

Operating Transfers-In This revenue is money that has been transferred out of another line and put back in the General Fund to cover expenses such as a grant that has not yet been received, but there are expenses to be paid. More information about this revenue can be found on line 2.4 under the District’s 5-year Forecast Tab.

This revenue is money that has been transferred out of another line and put back in the General Fund to cover expenses such as a grant that has not yet been received, but there are expenses to be paid. More information about this revenue can be found on line 2.4 under the District’s 5-year Forecast Tab.

General Fund Expenditures – FY 2010

General Fund Expenditures for FY 2010 Chart

60.4%

Personnel Services

22.2%

Employee Benefits Employee Benefits include retirement for all employees, workers compensation, Medicare, unemployment, and health related insurances. Under the new contracts for benefits, employee contributions were increased to 10% toward the premium of the plans. (More information about these expenses may be found on line 3.02 under the District’s 5-Year Forecast Tab)

Employee Benefits include retirement for all employees, workers compensation, Medicare, unemployment, and health related insurances. Under the new contracts for benefits, employee contributions were increased to 10% toward the premium of the plans. (More information about these expenses may be found on line 3.02 under the District’s 5-Year Forecast Tab)

11.2%

Purchased Services

These expenditures are for hiring services rendered by people who are not employed by the school district, and other contracted services which the school district may purchase. Examples are, but not limited to, legal fees, maintenance agreements, utilities, insurance, and tuition paid for students attending other school districts, including open enrollment and community schools. (More information about these expenses may be found on line 3.03 under the District’s 5-Year Forecast Tab.)

3.0%

Supplies & Materials These expenses are for, but not limited to, general supplies, instructional materials including textbooks and media materials, library books, software, art supplies, sheet music, bus fuel and tires, consumer goods, such as paper toweling, copy paper and other maintenance supplies. (More information about these expenses may be found on line 3.05 under the District’s 5-Year Forecast Tab)

These expenses are for, but not limited to, general supplies, instructional materials including textbooks and media materials, library books, software, art supplies, sheet music, bus fuel and tires, consumer goods, such as paper toweling, copy paper and other maintenance supplies. (More information about these expenses may be found on line 3.05 under the District’s 5-Year Forecast Tab)

1.3%

Capital Expenditures These expenses are for things that have a five-year life expectancy, such as land, buildings, improvement of grounds, equipment, computers/technology, classroom and office furniture, buses and vehicles. (More information about these expenses may be found on line 3.05 under the District’s 5-year Forecast.)

These expenses are for things that have a five-year life expectancy, such as land, buildings, improvement of grounds, equipment, computers/technology, classroom and office furniture, buses and vehicles. (More information about these expenses may be found on line 3.05 under the District’s 5-year Forecast.)

0.2%

Debt Service – Interest and Fiscal Charges These expenses include debt service, principal and interest payments, energy loans, advances out, operating transfers out and all other expenses not assigned to other categories. (More information about these expenses may be found on line 4.3 under the District’s 5-Year Forecast.)

These expenses include debt service, principal and interest payments, energy loans, advances out, operating transfers out and all other expenses not assigned to other categories. (More information about these expenses may be found on line 4.3 under the District’s 5-Year Forecast.)

1.9%

Other Objects These expenses include debt service, principal and interest payments, energy loans, advances out, operating transfers out and all other expenses not assigned to other categories. (More information about these expenses may be found on line 4.3 under the District’s 5-Year Forecast.)

Investing in Our Future

Hudson City Schools

Current Year Revenues & Expenses

General Fund Reciepts – FY 2010

General Fund Expenditures – FY 2010

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