School money is placed into four different categories.
Fund 1or Incidental Fund, Fund 2 or Teacher’s Fund, Fund 3 or Debt Service Fund, Fund 4 or Capital Project’s Fund
Fund 1 or Incidental Fund
This is the money that goes to operate the school district. Tax Revenue is used here to run the day to day operations of the school.
Fund 2 or Teacher’s Fund
This is money that pays for all certified staffmember salaries and benefits. Money is transferred from Fund 1 to Fund 2 to cover all costs associated with Fund 2.
Fund 3 or Debt Service Fund
Debt Service is an additional tax amount dedicated to special projects, such as building renovations and or additions. (ie. Bond Issue) The money generated is used to pay off school bonds. The Braymer C4 School District currently has no Debt Service tax.
Fund 4 or Capital Project’s Fund
This is money that pays for all improvements that exceed $1000 and should last for more than three years. This could be large equipment and or district improvements, such as a building addition. Large projects could be paid for as a “Lease Purchase”.Money is transferred from Fund 1 to Fund 4 to cover all costs associated with Fund 4.