Tippecanoe Valley Annual Summary Report

July 29, 2020 at 1:25 p.m.

By -

Summary of the Annual Financial Report for Calendar Year 2019

Corp#: 4445     Corp Name: Tippecanoe  Valley School Corporation

The Annual Financial Report in its entirety can be viewed on the school corporation  website at: tippecanoevalleyschools.com

Recepits and Expenditure Comparisons

Calendar Year 2019

Fund    Budget    Actual    Budget    Actual

Name    Receipts    Receipts    Expenditures    Expenditures

Education Fund     12,321,842.00    13,052,382.06    12,878,343.00    10,309,538.19

Debt Service Fund     2,412,452.00     2,720,982.93    2,831,645.00      2,756,645.00

Operations Fund    3,215,887.00    3,804,372.87    8,544,411.00    5,030,970.31

Self-Insurance FD    2,447,412.28    2,447,412.28    3,037,333.95    3,037,333.95

Grand Total    20,397,593.28    22,025,150.08    27,291,732.95    21,134,487.45

Minimum Teacher

 Salary Range:        37,025.00

Maximum Teacher

 Salary Range:        67,850.00

High School Extracurricular Salaries:

Position        Amount

Head Baseball        3,274.00

Head Basketball - boy        9,500.00

Head Basketball - girl        7,474.00

Head Football        9,500.00

Cross Country        3,274.00

Golf- boy        2,339.00

Golf- girl        2,339.00

Head Softball        3,274.00

Tennis- boy        2,339.00

Tennis- girl        2,339.00

Head Swim        3,623.00

Head Track        3,274.00

Head Volleyball        3,274.00

Head Wrestling        3,274.00

Vocal Music        1,715.00

Head Band        2,200.00

Non-certified Employee Classifications and

Range of Pay Rates 2019-2020

Classifications                        Range of Pay Rates

I. Instructional and Supplementary Pupil Services              9.40-33.78/HR

II. Cafeteria and Food Services              9.40-16.31/HR

Ill. Health Services                                14.00-24.30/HR

IV. Office/Clerica1/SecretariaI            9.70-15.93/HR

V. Executive/Administrative/Accounting                           18.60-32.20/HR

VI. Maintenance/Custodial/Warehouse/                          10.20-45.12/HR

VII.   Computer Services                                               15.38-15.82/  HR

Certified  Administrative Staff in effect June 30, 2020

    Lowest Salary    Highest Salary    Average Salary

Administration Staff    64,522.00    110,800.00        79,758.00

Student Enrollment October 1, 2019

Grade level        Enrollment

Kindergarten        126

Grade 1        129

Grade 2        139

Grade 3        123

Grade 4        149

Grade 5        125

Grade 6        144

Grade 7        147

Grade 8        136

Grade 9        153

Grade 10        144

Grade 11        134

Grade 12        118

Assessed Valuation and Tax Rates

Calendar Years 2019 and 2020

        2019     2020     

Assessed Valuation

Tax Rate- Education Fund        N/A*     N/A*

Tax Rate - Debt Service Fund        0.4492    0.4411

Tax Rate- Operations Fund        0.5988    0.5954

Statement of Indebtedness

Calendar  Year 2019



Indebtedness            Principal Outstanding

Holding Company- Public and Private         22,549,284.00

Common School Loans             180,000.00

TOTAL             22,729,284.00

8-5  hspaxlp



Summary of the Annual Financial Report for Calendar Year 2019

Corp#: 4445     Corp Name: Tippecanoe  Valley School Corporation

The Annual Financial Report in its entirety can be viewed on the school corporation  website at: tippecanoevalleyschools.com

Recepits and Expenditure Comparisons

Calendar Year 2019

Fund    Budget    Actual    Budget    Actual

Name    Receipts    Receipts    Expenditures    Expenditures

Education Fund     12,321,842.00    13,052,382.06    12,878,343.00    10,309,538.19

Debt Service Fund     2,412,452.00     2,720,982.93    2,831,645.00      2,756,645.00

Operations Fund    3,215,887.00    3,804,372.87    8,544,411.00    5,030,970.31

Self-Insurance FD    2,447,412.28    2,447,412.28    3,037,333.95    3,037,333.95

Grand Total    20,397,593.28    22,025,150.08    27,291,732.95    21,134,487.45

Minimum Teacher

 Salary Range:        37,025.00

Maximum Teacher

 Salary Range:        67,850.00

High School Extracurricular Salaries:

Position        Amount

Head Baseball        3,274.00

Head Basketball - boy        9,500.00

Head Basketball - girl        7,474.00

Head Football        9,500.00

Cross Country        3,274.00

Golf- boy        2,339.00

Golf- girl        2,339.00

Head Softball        3,274.00

Tennis- boy        2,339.00

Tennis- girl        2,339.00

Head Swim        3,623.00

Head Track        3,274.00

Head Volleyball        3,274.00

Head Wrestling        3,274.00

Vocal Music        1,715.00

Head Band        2,200.00

Non-certified Employee Classifications and

Range of Pay Rates 2019-2020

Classifications                        Range of Pay Rates

I. Instructional and Supplementary Pupil Services              9.40-33.78/HR

II. Cafeteria and Food Services              9.40-16.31/HR

Ill. Health Services                                14.00-24.30/HR

IV. Office/Clerica1/SecretariaI            9.70-15.93/HR

V. Executive/Administrative/Accounting                           18.60-32.20/HR

VI. Maintenance/Custodial/Warehouse/                          10.20-45.12/HR

VII.   Computer Services                                               15.38-15.82/  HR

Certified  Administrative Staff in effect June 30, 2020

    Lowest Salary    Highest Salary    Average Salary

Administration Staff    64,522.00    110,800.00        79,758.00

Student Enrollment October 1, 2019

Grade level        Enrollment

Kindergarten        126

Grade 1        129

Grade 2        139

Grade 3        123

Grade 4        149

Grade 5        125

Grade 6        144

Grade 7        147

Grade 8        136

Grade 9        153

Grade 10        144

Grade 11        134

Grade 12        118

Assessed Valuation and Tax Rates

Calendar Years 2019 and 2020

        2019     2020     

Assessed Valuation

Tax Rate- Education Fund        N/A*     N/A*

Tax Rate - Debt Service Fund        0.4492    0.4411

Tax Rate- Operations Fund        0.5988    0.5954

Statement of Indebtedness

Calendar  Year 2019



Indebtedness            Principal Outstanding

Holding Company- Public and Private         22,549,284.00

Common School Loans             180,000.00

TOTAL             22,729,284.00

8-5  hspaxlp



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