Summary of the Annual Financial Report for Calendar Year 2021
Corp #: 8435 Corp Name: Northern Wells Community Schools
The Annual Financial Report in its entirety can be viewed on the school corporation website at: www.nwcs.k12.in.us
Receipts and Expenditure Comparisons
Calendar Year 2021
Fund Name Budget Receipts Actual Receipts Budget Expenditures Actual Expenditures
Education Fund $ 16,388,200.00 $ 16,542,022.00 $ 15,205,069.00 $ 13,737,651.00
Referendum Fund $ 935,907.00 $ 996,797.00 $ 990,000.00 $ 990,000.00
Debt Service Fund $ 2,656,160.00 $ 2,757,428.00 $ 2,584,747.00 $ 2,465,202.00
Operations Fund $ 6,310,747.00 $ 6,705,711.00 $ 10,705,400.00 $ 9,670,372.00
Grand Total $ 26,291,014.00 $ 27,001,958.00 $ 29,485,216.00 $ 26,863,226.00
Minimum Teacher Salary Range: $40,000-$45,000
Maximum Teacher Salary Range: $70,000-$75,000
High School Extracurricular Salaries:
Position Amount
Athletic Director $ 88,000.00
Head Baseball $ 6,250.00
Head Basketball – boy $ 10,150.00
Head Basketball – girl $ 10,150.00
Head Football $ 10,150.00
Cross Country $ 4,000.00
Golf – boy $ 4,000.00
Golf – girl $ 4,000.00
Head Softball $ 6,250.00
Tennis – boy $ 4,000.00
Tennis – girl $ 4,000.00
Head Swim – Head Coach $ 5,350.00
Head Track $ 5,850.00
Head Volleyball $ 5,850.00
Head Wrestling $ 5,850.00
Vocal Music $ 5,800.00
Head Band $ 7,200.00
Non-certified Employee Classifications
and Range of Pay Rates 2021-2022
Classifications Range of Pay Rates
I. Instructional and Supplementary Pupil Services
A. Library Aides $16.50
B. Special Education Aides 14.50-16.85
II. Cafeteria and Food Services
A. Managers/Head Cooks $17.50
B. School Food Service Director $55,000.00
C. All Other Food Service Employees $14.50
III. Health Services
A. Nurses $26.50
IV. Office/Clerical/Secretarial 14.50-23.00
V. Executive/Administrative/Accounting
A. Financial Services Director $62,500.00
B. Buildings and Grounds Director $71,500.00
C. Transportation Director $70,500.00
D. Technology Director $69,000.00
VI.
Maintenance/Custodial/Warehouse/
Security/Transportation
A. Building Custodians 16.00-20.00
B. Bus Drivers 84.28-89.90 Daily+Mileage
C. Bus Aides $14.50
D. Maintenance $27.50
VII. Computer Services 14.50-18.50
Certified Administrative Staff
in effect June 30, 2022
Lowest Salary Highest Salary Average Salary
Administrative Staff $72,000.00 $ 154,500.00 $ 89,636.00
Student Enrollment
October 1, 2021
Grade Level Enrollment
Pre-Kindergarten Ages 3 – 5 (PK) 31
Kindergarten 176.5
Grade 1 184
Grade 2 171
Grade 3 186
Grade 4 173
Grade 5 172
Grade 6 209
Grade 7 184.56
Grade 8 188.56
Grade 9 175
Grade 10 214
Grade 11 212
Grade 12 191
Grade 12+/Adult (13)
TOTAL 2467.62
Assessed Valuation and Tax Rates
Calendar Years 2021 and 2022
2021 2022
Assessed Valuation $ 818,316,147 $ 872,977,387
Tax Rate – Education Fund N/A* N/A*
Tax Rate – Referendum Fund $ 0.1047 $ 0.1014
Tax Rate – Debt Service Fund $ 0.2770 $ 0.2988
Tax Rate – Retirement/Severance Bond Debt Service Fund $ – $ –
Tax Rate – Operations Fund $ 0.5034 $ 0.4849
Statement of Indebtedness
Calendar Year 2021
Indebtedness Principal Outstanding
Holding Company – Public and Private $59,255,000.00
Retirement/Severance Bond Debt 0
Qualified School Construction Bonds (ARRA) $2,000,000.00
TOTAL $61,255,000.00
oj, nb 8/4
hspaxlp