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Madison School DistrictMadison School DistrictExtracurricular Tax CreditsExtracurricular Tax Credits
Governing Board Meeting09/06/2011
Tax Credit ContributionsTax Credit Contributions
For Each Dollar Contributed (up to For Each Dollar Contributed (up to $200/$400), Donor Receives an $200/$400), Donor Receives an Equal Credit Against Their Tax Equal Credit Against Their Tax Liability Liability
Tax Credit Contributions Can Be Used Tax Credit Contributions Can Be Used to Offset Any Extracurricular Fee to Offset Any Extracurricular Fee (including the Student Activity Fee)(including the Student Activity Fee)
Tax Credit UsesTax Credit Uses
Extracurricular Activities Any optional, noncredit, educational or
recreational activity which supplements the education program of the school, whether offered before, during or after regular school hours
Character Education Programs
Current State of Current State of Extracurricular Tax Extracurricular Tax
CreditsCredits
2010/11 Revenue2010/11 Revenue
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
District Total - $ 413,764
Revenue CategoriesRevenue Categories Donors Designated 22 CategoriesDonors Designated 22 Categories Top Categories (>2% of total Top Categories (>2% of total
revenue)revenue) GeneralGeneral $ 241,907$ 241,907 55thth Grade Grade $ 36,375$ 36,375 66thth Grade Grade $ 9,975$ 9,975 AthleticsAthletics $ 37,816$ 37,816 REACH/GiftedREACH/Gifted $ 18,978$ 18,978 Field TripsField Trips $ 16,601$ 16,601 Odyssey of the MindOdyssey of the Mind $ 30,982$ 30,982
2010/11 Expenditures2010/11 Expenditures
0
20000
40000
60000
80000
100000
120000
Madison#1
Camelview Simis Rose Lane Park Meadows Heights MTA
District Total - $ 388,418
Expenditure CategoriesExpenditure Categories Top Categories Top Categories (>2% of total expenditures(>2% of total expenditures))
55thth Grade Grade $ 38,892$ 38,892 66thth Grade Grade $ 8,928$ 8,928 AthleticsAthletics $ 74,044$ 74,044 After-Cool FitnessAfter-Cool Fitness $ 57,320$ 57,320 REACH/GiftedREACH/Gifted $ 16, 794$ 16, 794 Fine ArtsFine Arts $ 29,352$ 29,352 AssembliesAssemblies $ 9,132$ 9,132 Field TripsField Trips $ 51,635$ 51,635 Odyssey of the MindOdyssey of the Mind $ 31,031$ 31,031 Extended Learning TimeExtended Learning Time $ 21,714$ 21,714
Cash Balances Cash Balances
MadisMadison #1on #1
CamelviCamelviewew
SimisSimis Rose Rose LaneLane
Cash Cash 07/01/1007/01/10
$ $ 5,9515,951
$ 44, $ 44, 689689
$ $ 40,05740,057
$ $ 27,28027,280
RevenuesRevenues 69,03069,030
15,66115,661
85,20585,205
41,96241,962
ExpendituExpendituresres
53,11253,112
2,4182,418
80,74780,747
55,46255,462
Cash Cash 06/30/1106/30/11
$ $ 20,86920,869
$ $ 57,93257,932
$ $ 44,51544,515
$ $ 13,78013,780
Increase Increase /(Decrease/(Decrease) )
$14,91$14,9188
$ $ 13,24413,244
$ $ 4,4584,458
($ ($ 13,500)13,500)
Cash Balances Cash Balances
ParkPark MeadowMeadowss
HeightHeightss
MTAMTA
Cash Cash 07/01/1007/01/10
($ ($ 3,438)3,438)
$ $ 19,63419,634
$ $ 79,95479,954
$ $ 41,30341,303
RevenuesRevenues 42,62642,626
106,769106,769
24,91024,910
28,60028,600
ExpendituExpendituresres
24,70224,702
100,621100,621
25,97725,977
45,37845,378
Cash Cash 06/30/1106/30/11
$ $ 14,48614,486
$ $ 25,78225,782
$ $ 78,88778,887
$ $ 24,52424,524
Increase Increase /(Decrease/(Decrease) )
$ $ 17,92417,924
$ $ 6,1486,148
($ ($ 1,067)1,067)
($ ($ 16,778)16,778)
Student Activity Fee Student Activity Fee ProceduresProcedures
Inconsistency in Collection of $50 Inconsistency in Collection of $50 FeeFee Some schools request feeSome schools request fee
Some track donors; some do not Some track donors; some do not Some schools with greater collection not Some schools with greater collection not
askingasking
Next StepsNext Steps
Consistency in Requesting $50 FeeConsistency in Requesting $50 Fee Standard Letter Standard Letter
SchoolsSchools Track Payment of Extracurricular Tax Track Payment of Extracurricular Tax
CreditsCredits Can be used to off-set extracurricular fees Can be used to off-set extracurricular fees
(including student activity fee, athletic fee, (including student activity fee, athletic fee, etc.)etc.)
Reminder LettersReminder Letters
You Will Be Amazed!