Summary of the Annual Financial Report for Calendar Year 2021
Corp #: 8425 Corp Name: Southern Wells Community Schools
The Annual Financial Report in its entirety can be viewed on the school corporation website at: www.swraiders.com
Receipts and Expenditure Comparisons
Calendar Year 2021
Fund Name Budget Receipts Actual Receipts Budget Expenditures Actual Expenditures
Education Fund $5,639,714.00 $5,840,981.57 $5,687,692.33 $6,059,070.61
Referendum Fund $503,307.00 $528,368.00 $525,000.00 $525,000.00
Debt Service Fund $624,442.00 $659,461.44 $655,501.00 $655,500.00
Operations Fund $1,939,608.00 $2,362,522.78 $2,080,269.52 $2,163,189.60
Rainy Day Fund $500,000.00 $351,443.52 $935,043.33 $934,414.41
Grand Total $9,207,071.00 $9,742,777.31 $9,883,506.18 $10,337,174.62
Minimum Teacher Salary Range: $38,652.00
Maximum Teacher Salary Range: $74,652.00
High School Extracurricular Salaries:
Position Amount
Head Baseball $3,500.00
Head Basketball – boy $8,000.00
Head Basketball – girl $8,000.00
Head Football $8,000.00
Cross Country $3,500.00
Golf – boy $3,500.00
Golf – girl $3,500.00
Head Softball $3,500.00
Head Track $3,500.00
Head Volleyball $3,500.00
Head Wrestling $3,500.00
Choral Music $1,750.00
Instrumental Music $6,500.00
FFA $3,500.00
FCCLA-Senior High $2,300.00
BPA Sponsor $2,300.00
TSA Sponsor $2,300.00
Skills USA Sponsor $2,300.00
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 $13.96
B. Special Education Aides $13.96
C. Instructional Assistants $13.96
D. Title I Aide $14.56
II. Cafeteria and Food Services
A. Cafeteria Assistant $15.44
B. School Food Service Director $20.57
C. All Other Food Service Employees $14.26
III. Health Services
A. Nurses $25.88
IV. Office/Clerical/Secretarial
A. Corporation Secretary $21.74
B. Elementary Secretary $15.74
C. Elementary Treasurer $17.04
D. Guidance Secretary $15.74
E. High School Secretary $15.74
F. High School Treasurer $18.26
V. Executive/Administrative/Accounting
A. Corporation Treasurer $23.16
VI. Maintenance/Custodial/Warehouse/Security/Transportation
A. Building Custodians $18.78
B. Bus Drivers $21.75
C. Bus Mechanic $20.00
D. Maintenance Supervisor $27.86
Non CDL Bus Driver $13.96
VII. Computer Services
A. IT Assistant $15.55
B. IT Director $24.33
Certified Administrative Staff
in effect June 30, 2022
Lowest Salary Highest Salary Average Salary
Administrative Staff $67,152.00 $115,896.00 $86,500.80
Student Enrollment
October 1, 2021
Grade Level Enrollment
Pre-School Ages 0 -2 (PW) 0
Pre-Kindergarten Ages 3 – 5 (PK) 0
Kindergarten 65
Grade 1 62
Grade 2 71
Grade 3 63
Grade 4 73
Grade 5 63
Grade 6 59
Grade 7 68
Grade 8 70
Grade 9 61
Grade 10 62
Grade 11 58
Grade 12 73
Grade 12+/Adult (13) 0
TOTAL 848
Assessed Valuation and Tax Rates
Calendar Years 2021 and 2022
2021 2022
Assessed Valuation $376,619,398.00 $385,594,874.00
Tax Rate – Education Fund N/A* N/A*
Tax Rate – Referendum Fund $0.1270 $0.1270
Tax Rate – Debt Service Fund $0.1585 $0.1563
Tax Rate – Operations Fund $0.4379 $0.4461
Tax Rate – Exempt Debt Service Fund $- $-
Statement of Indebtedness
Calendar Year 2021
Indebtedness Principal Outstanding
Temporary Loans $0.00
School Bonds $7,640,000.00
Emergency Loans $0.00
School Bus Loans $0.00
Holding Company – Public and Private $0.00
Veterans’ Memorial Loans $0.00
Common School Loans $0.00
Indiana Bond Bank/Anticipated Notes $0.00
Retirement/Severance Bond Debt $0.00
Bank Loans or DLGF Approved Debt $0.00
Qualified School Construction Bonds (ARRA) $0.00
Qualified Zone Academy Bonds (ARRA) $0.00
TOTAL $7,640,000.00
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