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SCHOOL
DATA & REPORTS:
SUMMARY
OF THE ANNUAL
STATISTICAL REPORTS OF SCHOOLS (SASRS) FOR FY 2001:
TABLE OF CONTENTS & EXECUTIVE SUMMARY
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| Every year on August
15 each Vermont local education agency (LEA) is required to submit an Annual Statistical
Report to the Vermont Department of Education providing an accounting of annual revenues
and expenditures to the people of Vermont, their legislature, and the executive branch
of government. The Vermont Department of Education compiles the financial information
submitted by each district and annually publishes the results in the Summary of the
Annual Statistical Report of Schools (SASRS). SASRS-01 represents the tenth annual
report published by the Department. |
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TABLE
OF CONTENTS
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Data in this report reflect
changes in the Database of the School Financial System through April 22, 2002. Changes
received by the Department of Education after April 22, 2002 are not reflected in
SASRS-01. |
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Executive
Summary |
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Discussion |
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Tables and Figures |
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Appendices |
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EXECUTIVE
SUMMARY
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The annual Summary
of the Annual Statistical Report of Schools (SASRS) report provides Local Education
Agencies (LEAs) and other interested parties the data submitted to the National Center
for Education Statistics (NCES) by the Department of Education. Consequently, data
in SASRS are organized according to federal definitions. NCES uses this information
to identify issues and trends in school finance, to assess the condition of school
finance in each state, and for making comparisons among states. Data submitted to
NCES are also used to determine state allocations for some federal programs.
- The FY01 SASRS shows
the effect of Act 60, the Equal Educational Opportunity Act. These effects are most
noticeable in the shift, beginning in FY99, in the proportion of revenues provided
by state and local sources.
- 346 Public Local
Education Agencies (including 14 technical centers) and one independent school submitted
the FY01 Annual Statistical Report of Schools. Data from the independent school and
its technical center are not included in this report.
- In FY01 Vermont Public
Local Education Agencies reported receiving $220,073,281 in local revenues (unduplicated),
$713,167,787 in state revenues, $60,522,869 in federal revenues, $287,255,993 in
other revenues (tuition and fees from other school districts).
- Total public school
revenues are $1,281,019,930 but this amount includes $287,255,993 in inter-district
receipts for tuition, assessments, transportation and other services. Unduplicated
public school revenues are $993,763,937. At the request of the U.S. Department of
Education approximately $11.5 million in Medicaid revenue that previously would have
been reported as federal revenue is being reported as local revenue. The change accounts
for the decline in federal revenue and part of the increase in local revenue between
FY00 and FY01.
- There is a reported
$869,227,535 in total public education PK-12 current expenditures. This represents
an increase in spending of $58.9 million (7.3%) from the previous year’s spending
level. The Federal definition of Current Expenditures excludes community service
and adult education program costs, capital outlay and equipment expenditures, and
principal and interest payments on long-term debt.
- The breakout of FY01
PK-12 public education current expenditures compared with FY00 is as follows:
| Function Code |
FY00
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FY01
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| Direct Instructional
Services |
62.5%
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62.7%
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| General and School Administration |
9.8%
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9.5%
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| Pupil Support Services |
6.8%
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7.2%
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| Student Transportation |
3.6%
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3.4%
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| Instructional Staff Support
Services |
3.6%
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3.6%
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| Other Support Services |
10.7%
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10.8%
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| Food Service |
2.9%
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2.9%
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| Other Enterprise Operations |
0.1%
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0.04%
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- The FY01 statewide
average Current Expenditure per Student in Membership is $9,063. This figure is based
on the federal definition of Current Expense, which incorporates special education
and transportation expenditures in the definition. The student count is calculated
by combining the number of Attendances and Absences for each Public School and dividing
by the number of Session Days the school was officially in session. Students
attending less than full-time are pro-rated into full-time equivalent (FTE) totals
- Note: SASRS summarizes
data as reported by LEAs. There are differences among LEAs in the way funding is
recorded. For example, in some supervisory unions special education funding is reported
at the supervisory union level, while in others it is reported by the LEAs themselves.
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DISCUSSION
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Every year on August
15 each Vermont Local Education Agency is required to submit an Annual Statistical
Report to the Vermont Department of Education providing an accounting of annual revenues
and expenditures to the people of Vermont, their legislature, and the executive branch
of government. The Vermont Department of Education compiles the financial information
submitted by each district and annually publishes the results in the Summary of the
Annual Statistical Report of Schools (SASRS). SASRS-01 represents the tenth annual
report published by the Department. Data in this report reflect changes in the
Database of the School Financial System through April 22, 2002. Changes received
by the Department of Education after April 22, 2002 are not reflected in SASRS-01.
The SASRS-01 continues
the practice established in SASRS-95 of reporting ‘current expenditures’ based on
the federal definition of current expense. The federal definition includes special
education and transportation costs in the calculation. Use of the federal definition
insures compatibility with statistics submitted to the National Center for Education
Statistics (NCES). The U.S. Department of Education and other agencies require comparable
fiscal data from the states in order to determine funding allocations to state and
local education agencies. NCES statistics are also widely used to compare the condition
of public school finance across states.
Act 60, the Equal
Educational Opportunity Act
SASRS-01 is the third SASRS report to contain data submitted under the provisions
of Act 60. FY99 included a number of transition provisions that affect the revenue
raised by some towns, but these transition provisions do not affect FY00 or FY01.
The most noticeable effect of Act 60 appearing in SASRS is the substantial change
in the proportion of revenues provided by the state and local governments. In FY98
revenues from state sources were $235,492,082 and unduplicated local revenues were
$549,311,705. In FY99 state revenues increased to $657,815,706 while unduplicated
local revenues declined to $168,248,808. In FY00 state revenues increased to $692,675,453
while unduplicated local revenues increased to $172,511,864. In FY01 the state and
unduplicated local revenues were $713,167,787 and $220,073,281, respectively. The
major factor creating the change from prior to 1999 and subsequently is the initiation
of a statewide property tax that, along with other changes, increased the portion
of education spending paid by state revenue.
SASRS is designed
to report on the expenditures school districts make on behalf of their students and
the revenues that pay for these expenditures. For this reason SASRS does not include
any revenues towns or school districts contribute to the state education fund.
The revenues are included when they are disbursed from the education fund to school
districts. To include these revenues when they were contributed to the state education
fund and again when they were dispersed would cause duplication.
SASRS-01 provides
a compilation of Supervisory Union and LEA revenues and expenditures broken out in
the following manner:
Revenues
Local revenues are identified by source including local taxes, tuition, fees
and assessments, and food service. Tuition, assessments and fees received from other
public school districts in Vermont are counted as duplicate revenues because the
money involved is first counted as revenue by one district and then counted as revenue
by a second district when it receives the tuition, assessments and fees. Consequently,
SASRS makes a distinction between revenues including duplicates that include
tuition, assessments and fees from other Vermont public school districts and unduplicated
revenues that have had this money removed.
Unduplicated total
revenues are divided into revenues from local, state, and federal sources. The percentage
share of total revenues provided by each source is also included. In light of the
increased contribution of revenues from state sources, a new table was added starting
with SASRS99. This table, FY01 State Revenues (Table 2), shows the component parts
of the state revenue total for each district.
Expenditures
Total expenditures may be calculated with or without inter-district tuitions,
fees, and assessments. Since expenditures by one district on tuition, fees, and assessments
are then spent by the receiving district to provide educational services, they are
duplicating expenditures. When these expenditures are removed, the resulting figure
is the unduplicated total of all expenditures.
Total unduplicated
expenditures are divided into Total PK-12 Current Expenditures and other expenditures.
Total PK-12 Current Expenditures include the money spent on elementary/secondary
current instruction-related costs and also non-instructional expenditures for food
service and other enterprise operations. Other expenditures include adult education,
capital construction, equipment purchases, tuition, fees and assessments.
SASRS divides the
figure for total expenditures into its component parts by function category in Table
4, Parts 1 and 2, and Total PK-12 Current Expenditures by major object code in Table
7. (Additional information on function codes, object codes, and other categories
used in the Annual Statistical Report of Schools is found in Appendix C.)
Note on Edit Checks:
In the body of this report a number of districts have been marked with asterisks
indicating "data include unresolved reporting discrepancies." A large majority
of these asterisks are the result of comparisons between the body of a district's
Annual Statistical Report of Schools and supplemental worksheets that provide additional
data on tuition, union assessments and supervisory union assessments paid and received
by the district.
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TABLE
A: TREND ANALYSIS OF REVENUES - FY83 THROUGH FY01
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Purpose
Table A provides a historical perspective of changes in Vermont education revenues
compared with changes in Vermonters’ after tax income and a state and local government
price index.
Results
Compound Annual Growth Rates (CAGR) were calculated for the period FY 83 through
FY 01 For Total Revenue, after tax income and the price index. The changed proportions
of state and local revenues created by Act 60 would make compound growth rates for
local state and federal sources of revenue misleading so these rates have not been
calculated. Total revenue grew at a rate of 7.3% per year over the period. After
tax income grew at an annual rate of 7.1%. |
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LOCAL
& OTHER
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STATE
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FEDERAL
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TOTAL
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Residents
After Tax
Income **
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State
&
Local
Price
Index
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Note:
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$
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%
of Total
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$
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%
of Total
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$
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%
of Total
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$
in
1,000s
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82-83
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165,197
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59.4%
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97,556
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35.1%
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15,305
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5.5%
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278,058
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2,919,126
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65.30
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83-84
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182,043
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60.8%
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99,686
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33.3%
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17,707
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5.9%
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299,436
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3,203,129
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68.10
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84-85
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204,640
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62.6%
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103,624
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31.7%
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18,570
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5.7%
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326,834
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3,487,133
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70.90
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85-86
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222,460
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62.3%
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115,042
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32.2%
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19,342
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5.4%
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356,844
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3,771,136
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73.30
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86-87
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234,990
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60.6%
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133,284
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34.4%
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19,738
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5.1%
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388,012
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4,190,427
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75.80
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87-88
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307,062
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62.2%
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165,006
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33.4%
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21,806
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4.4%
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493,874
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4,974,966
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78.50
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88-89
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341,895
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63.5%
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171,522
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31.8%
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25,317
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4.7%
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538,734
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5,661,598
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81.00
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89-90
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380,240
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64.9%
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181,330
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30.9%
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24,464
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4.2%
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586,034
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5,964,696
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84.10
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90-91
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405,973
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64.1%
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197,288
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31.2%
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30,083
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4.7%
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633,344
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6,058,969
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87.70
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91-92
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435,500
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64.7%
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204,826
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30.4%
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32,564
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4.8%
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672,890
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6,090,170
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89.40
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92-93
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437,334
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65.0%
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199,953
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29.7%
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35,137
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5.2%
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672,424
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6,370,500
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91.50
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93-94
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484,310
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67.3%
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199,974
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27.8%
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35,642
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5.0%
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719,926
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6,492,982
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93.70
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94-95
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474,544
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66.4%
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206,861
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28.9%
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33,670
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4.7%
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715,075
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6,789,086
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96.50
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95-96
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505,539
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67.8%
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203,787
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27.3%
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36,481
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4.9%
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745,807
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7,173,283
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98.90
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96-97
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528,623
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67.7%
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214,481
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27.5%
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37,706
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4.8%
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780,810
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7,769,877
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101.30
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97-98
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549,312
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66.2%
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235,492
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28.4%
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44,752
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5.4%
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829,556
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8,323,428
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103.50
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98-99*
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168,249
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19.1%
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657,816
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74.8%
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52,890
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6.0%
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878,955
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9,035,679
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105.50
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99-00*
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172,512
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18.5%
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692,675
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74.5%
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65,152
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7.0%
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930,339
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9,567,016
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109.90
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00-01*
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220,073
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22.1%
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713,168
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71.8%
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60,523
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6.1%
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993,764
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10,014,358
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113.80
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| Compound Growth
Rates |
7.3%
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7.1%
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3.1%
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| *Beginning with 98-99
and the implementation of Act 60 the proportion of local and state revenues changes. |
**Citation on previous
page |
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TABLE
A: LEGEND
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| Local and Other Revenues |
=
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Local taxes, tuition
and fees from parents and out of state districts, food service, etc. |
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| State Revenues |
=
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State revenues going
to Vermont public LEAs |
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| Federal Revenues |
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Federal revenues going
directly to Vermont LEAs or through the State to LEAs |
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| State and Local Government
Chain Type Price Index |
=
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An index measuring the
cost of goods and services purchased by governments indexed to the cost of a similar
package of goods and services in some base period. Published by the U.S. Dept.
of Commerce, Bureau of Economic Analysis, as part of National Accounts Data, Time
Series Estimates. 1996-1997 is the base year. |
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| After Tax Income |
=
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Vermont town resident
adjusted gross income less federal and state income taxes paid. Figures calculated
from VT Dept. of Taxes, Report TXNP0101 |
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TABLE
A: FIGURES 1-4
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Figure
1: Sources of School Revenue - FY83 through FY01
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Purpose
Figure 1 (below) displays a history of growth in dollars ($1000) of federal, state
and local revenues provided for Vermont public school education.
Results
Figure 1 graphically illustrates the gradual rise of local, state and federal revenue
dollar amounts provided for education between FY83 and FY98. The largest portion
of Vermont’s educational income during the period came from Local and Other Revenues
generated primarily from local resident property taxes. The second largest source
was State Revenue in the form of General State Aid and supplemental aid monies. A
comparison of the year FY 98 to the years FY99 and subsequent years illustrates the
change in the proportion of state to local funding brought about by Act 60. |
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Figure
2: Accumulated Percent Increases in Revenues,
Current Expenses, Price Index and Income
Purpose
Figure 2 (below) provides a graphic illustration of the accumulated percentage change
in Vermont revenues, residents' after tax income and the State & Local Government
Price Index.
Results
Figure 2 illustrates the rapid rise in local and other revenues from FY83-98. Once
again, the change in the proportion of state and local revenues associated with Act
60 is conspicuous in FY99 and subsequent years.
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Figure
3: Vermont FY 01 Total Revenues by Source
Purpose
The three pie charts (below) illustrate the divisions within FY01 Local and Other,
State, and Federal Revenue sources. The percent of total income from each revenue
source is also provided.
Note
on duplicate revenues: School districts report revenue based on the source from
which it is received. Tuition, fees and assessments are received primarily from
other local education agencies so school districts receiving these revenues report
them as local revenues; i.e., revenues received from a local rather than a state
or federal source. Under Act 60, districts receive a much larger portion of
their revenue from state sources. So you frequently have situations where districts
use revenue they received from the state to pay for tuition, fees and assessment
associated with sending their students to other schools. The revenue received
by the district paying for the student is reported as state revenue while the same
revenue transferred from one district to another is properly reported by the latter
district as local revenue. This process explains the large size of duplicated
local revenues compared with the unduplicated total.
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Results (Local Revenues)
The chart (below) showing FY01 Local Revenues (including duplicates) indicates
that out of every dollar collected from local sources available to spend on education,
the largest share, 56.6 cents, comes from tuition, fees and assessments from other
school districts in Vermont. Roughly 30.1 cents comes from the collection of local
taxes. The remaining 13.3 cents is obtained from tuition paid by parents, students,
and out-of-state school districts, earnings on investments, food service revenues,
and other local revenues. Figure 3 has a total of $507,329,273 of local revenues
including duplicates. Unduplicated total local revenues were $220,073,281. Duplicate
revenues are tuitions, fees and assessments moving from one LEA to another. |
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Results (State Revenues)
The chart (below) showing
FY01 State Revenues indicates that out of every state dollar available to spend on
education, the largest share, roughly 83.7 cents, comes from the Unrestricted State
Aid allocated to districts. State monies available for Special Education equal approximately
12.5 cents on the dollar. The remaining sources of state revenue include monies generated
out of capital construction aid, vocational education, comprehensive education, school
lunch and staff programs grants. |
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Results (Federal Revenues)
The chart (below) showing FY01 Federal Revenues indicates that roughly 30.2% of the
total revenue comes from Title I monies, and approximately 15.7% is available from
Special and Vocational Education programs. The remaining 55.1% of available revenue
is divided among a variety of programs including Drug Free Schools, Eisenhower Math
& Science, and Impact Aid programs. At the recommendation of the U.S. Department
of Education, approximately $1.5 million in Medicaid revenue that previously would
have been reported as federal revenue is being reported as local revenue. The change
accounts for the decline in federal revenue and part of the increase in local revenue
between FY00 and FY01. |
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Figure
4: Current and Other Expenditures as a Percent of Total Expenditures
Purpose
Within the education system, a level of expenditures can be calculated which eliminates
duplication caused by inter-district tuitions, fees and assessments. (Read the
discussion.) The result is referred to
as Total Unduplicated Expenditures, which in FY01 were $1,016,274,867 for all of
Vermont. The two pie charts (below) show a breakdown of this amount into the components
of Current Expenditures and Other Expenditures.
Accrual accounting separates expenditures for resources that are used within the
current year from outlays for assets that have value carrying over into future years.
Current Expenditures are the expenditures necessary each year to provide an education
for students from pre-kindergarten through the 12th grade. The category includes
expenditures for instruction, support services, general and school administration,
business services, operations and maintenance, student transportation and enterprise
operations. Enterprise operations, such as food services, are supported primarily
by fees and charges; i.e., they generate much of their own revenue.
Other Expenditures include money spent on assets that have value over several years
including capital construction, land and existing structures, debt service, and equipment.
Money spent on programs that do not involve the education of PK-12 students, such
as adult education, is also included in the Other Expenditures category.
Some of the components in the other expenditures category can fluctuate substantially
from year to year. For this reason, the figure for PK-12 Total Current Unduplicated
Expenditures is usually the most appropriate number for making comparisons over time.
Some of the components in the other expenditures category can fluctuate substantially
from year to year. For this reason, the figure for PK-12 Total Current Unduplicated
Expenditures is usually the most appropriate number for making comparisons over time.
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Results (Current Expenditures)
FY01 Current Expenditures of $868,762,493 represent 85.5% of Total Unduplicated Expenditures.
Direct Instructional Services represent a major portion (62.7%) of the pie chart
displaying Current Expenditure categories. |
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Results (Other Expenditures)
FY01 Other Expenditures totaling $147,512,374 represent 14.5% of Total Unduplicated
Expenditures. Tuition and fees to independent and out of state schools account for
31.3% of "Other Expenditures." Interest and principal on long-term debt
account for 24.4% and Capital Construction, Land, and Existing Structures constitute
29.3%. |
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Table
of Contents | Table 1-8 Descriptions | Appendices
SASRS Reports
School Data & Reports
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