Embed Size (px)
Citation preview
Shawano School District
Annual Meeting Budget2008-09 School Year
July 23, 2008
Income Summary 2007-08 School Year
Source Budget Actual
Federal Aid 483,562 444,686 Cat. State Aid 2,202,811 2,171,646 School Choice 525,000 691,700 General State Aid 16,502,781 16,502,781 Local Income 480,744 496,611 Prop. Tax Levy 8,776,180 8,776,180
Disbursements by Funds 2007-08
Budget Actual Comm. Services 180,031 175,625 General Fund 25,581,809 25,333,827 Fund 27 1,201,564 1,159,595 Debt Fund 1,981,113 1,981,113
2007-08 Income
General Fund Budget$25,432,318 General Fund Actual $25,616,664 Difference/Over $ 184,346
Expenses 2007-08
General Fund Budget $25,631,690.00 General Fund Actual $25,333,827.32 Difference (Under) $297,862.68 Roof Middle School $180,792.00 Balance $117,070.68
Without Roofing Project 98.84% of budget With roofing project 99.54% of budget
2008-09 Budget
Budget is prepared using revenue limit calculation with information from DPI.
If 3rd Friday student count is higher in September, the revenue limit will be recalculated.
Equalized Valuation of District will not be known until Oct. 15.
Revenue Limit
Revenue Limit 2008-09 $23,886,498Revenue Limit 2007-08 $23,126,512Increase $ 759,986
Equalized State Aid
Estimated State Aid 2008-09 $15,950,070
Actual State Aid 2007-08 $16,502,781
Decrease $ 552,711
State Aid Information
For 3 Years, beginning in 2008-09, State Aid will be increased 5% because of the separation of our district.
2008-09 State aid $15,950,070. Without the 5% increase State Aid
$14,996,960 or $953,110 less.
Local Tax Levy 2008-09
General Fund 7,916,428 Debt Retirement 2,150,000 Community Services 157,418
Total $10,223,846
Increase in Tax Levy from 2006-07 to 2008-09. $ 580,841
$
Mill Rate Comparison
2008-09 mill rate 7.67 mills 2007-08 mill rate was 6.78 mills. 2006-07 mill rate was 7.29 mills. 2007-08 mill rate lower because we
received larger amount of State Aid (prior year’s costs).
From 2006-07 to 2008-09 Increase .38 mills
Proposed Mill Rate
Proposed mill rate assumes a 3% increase in equalized valuation.
Taxpayer with a home value at $100,000 will have a increase of $38.00 from 2006-07 to 2008-09.
General Fund Revenue Changes
Tax Levy + $1,447,666Equalization Aid - 552,711
No Other Substantial Changes in Revenue.
Expenditures 2008-09
General Fund Includes Carry
Over Project: SCMS School Roof
OPEB Additional
$26,505,726
$ 180,792 $ 100,000
Budget Notes Cont.
Operational/Maintenance $435,176 Rental of Facilities $ 20,000 Second year of implementation of
new telephone system $110,000 Pupil Transportation Inc. $ 92,375 Middle School Bus Loading $90,000
Instructional Budgets
Schools prepared budget for their schools (Site Based Management).
3 Per Cent Per Student increase in instructional budget.
Total expenditures for instructional budget $987,729.
Resource (Textbook) Allocation
Resource (Textbook) Allocation - $117,008. Follows cycle set up by administrators. This year –
Grades K-4 Science Grades 9-12 Language Arts
Budget includes textbooks, software, and resource material.
Sage Funding
We will continue SAGE at the 15-1 ratio in Grades K-3.
Anticipate $750,000 in revenue.
Fund 20
Gifts & Trusts Special Education Title IX Indian
Education
17,000 $4,669,245
$ 127,364
Fund 39 Debt Retirement
Tax Levy Interest Income Total Revenue Expenses Levy Increase 2008-09 Levy 2007-08 Levy Increase
$2,150,000.00 $ 50,000.00 $2,200,000.00 $2,063,913.00
$2,150,000.00 $2,050,000.00 $ 100,000.00
Fund 38 Refinance Prior Service
2008-09 Estimated 1% of Salary
Principal G O Bonds Interest G O Bonds
$150,39200
$85,000.00 $65,393.00
Food Service (Fund 50
2007-08 Income 2007-08 Expenses Balance Fund Balance Exp. Current year
Balance
$1,243,855.28 $1,263,513.76 $ -19,658.48 $ 30,023.40 $ 10,364.92
Food Service (Fund 50) 2008-09
Income Expenses Balance With 10 cent in-
crease in Breakfast & Lunches.
$ 1,308,592.00 $ 1,282,026.00 $ 26,566.00
Community Ed. (Fund 80) 2007-08
Income $182,529.23 Expenses $175,625.01 Balance $ 6,904.22
Comm. Ed (Fund 80) & Summer School (Fund 90)
Fund 80 Comm. Ed. 2008-09 Income &
Expenses Fund 90 Coop.
Programs 2008-09 Income &
Expenses
$218,4181.00
$499,429.00
Budget Changes
Budget increase $ 921,836 Percent Increase 3.09%
REVENUE 2008-2009
Local Revenue2%
Federal Aid2%
Categ State Aid7%
Local Tax Levy29%
School Choice3%
General State Aid 57%
General State Aid
Local Tax Levy
Categ State Aid
Federal Aid
Local Revenue
School Choice
General State AidLocal Tax LevyCategorical State AidFederal AidLocal RevenueSchool Choice
$15,950,0707,916,4282,041,296
427,886472,550700,000
EXPENSES 2008-2009
Benefits27%
Purch Services15%
Inst Materials4%
Capital Objects2% Other
2%
Salaries50%
Salaries
Benefits
Purch Services
Inst Materials
Capital Objects
Other
SalariesBenefitsPurchased ServicesInstructional MaterialsCapital EquipmentOther
$13,929,4397,519,0624,105,5981,014,015
685,742513,667
EQUALIZED STATE AID
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
School Year
Am
ou
nt
Equalized State Aid $ 12,334,840 13,319,900 13,468,299 13,842,049 14,263,271 14,363,427 16,154,237 16,691,847 16,502,781 15,950,070
1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009
TAX LEVY DOLLAR AMOUNT
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
School Year
Do
llar
Am
ou
nt
Tax Levy $ 6,890,134 6,847,729 7,345,907 7,918,350 8,625,018 9,808,125 8,999,502 9,643,005 8,776,180 10,223,846
1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009
MILL RATE CHANGES
0
1
2
3
4
5
6
7
8
9
School Year
Mil
l R
ate
Mill Rate Chg 8.18 7.61 7.57 7.70 7.76 8.24 7.25 7.29 6.78 7.67
1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009
In Conclusion
This budget will be presented at the Annual Meeting.
The Board will finalize the budget in October.
Adopt the budget in function number order for the Annual Meeting.
