What is the Capital Outlay fund?
In Kansas school districts, the capital outlay fund is a special revenue fund established for the purpose of depositing specific taxes levied for the purpose of capital expenditures. Other revenues may be deposited in the capital outlay fund. In USD 246 other revenues placed in this fund include interest on idle funds, reimbursements and transfer of funds from the general operating fund. Capital Outlay tax levies are established by school board resolution. These resolutions may allow for up to 8 mills to be levied for a period of up to 5 years at a time. The Capital Outlay levy resolution process allows for taxpayer protest. If a levy resolution is protested, the school board may choose to allow district voters to decide whether or not to levy the tax in an election. Q: Does Northeast USD 246 currently have a Capital Outlay tax levy. A: No, there has been no capital outlay levy for the past four years. Q: How does USD 246 currently provide for capital outlay expenditures? A: Funds prov
