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TWO RIVERS PUBLIC SCHOOL DISTRICT 2018-19 BUDGET HEARING

This document provides information on the 2018-19 budget for Two Rivers Public School District, including revenue, expenditures, tax levy, mill rates, and fund balances.

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TWO RIVERS PUBLIC SCHOOL DISTRICT 2018-19 BUDGET HEARING

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  1. TWO RIVERS PUBLIC SCHOOL DISTRICT 2018-19 BUDGET HEARING

  2. Lighthouse Learning Academy Lighthouse Learning Academy The totals in this area include the Lighthouse Learning Academy

  3. 2018-19 BUDGET SUMMARY General Fund Budget $19,231,508 2017-18 Tax Levy (all funds) $5,349,604 2018-19 Projected Tax Levy (all funds) $5,587,840 Total Projected Tax Levy Increase $238,236 % of Tax Levy Increase 4.45% Fund 10 Increase $187,106 Fund 38 Decrease ($20,065) Fund 39 Increase $71,195 Fund 80 Increase $0

  4. MILL RATE COMPARISON 2018-19 2018-19 2017-18 LEVY Mill RateMill Rate 2018-19 Projected Operating Levy $2,999,714 $5.08 $4.96 2018-19 Debt Service Levy (Fund 39): 2011 Bonds 2,055,075 3.48 2.70 2013 Bonds -0- 0.00 0.87 2017 Bonds 109,800 0.19 0.11 2018-19 Debt Service Levy (Fund 38): 2013 Bonds $244,222 0.41 0.42 2015 Bonds 45,029 0.08 0.13 2018-19 Community Service Fund Levy (School Resource Officers) $134,000 0.23 0.24 2018-19 Projected Tax Levy $5,587,840 $9.47 $9.43 2017-18 Tax Levy $5,349,604 $9.43 Projected Increase in Mill Rate $0.04 Projected Increase in Tax Levy $238,236 Based on an estimated 4.0% increase in equalized value of property.

  5. Energy Efficiency Exemption REVENUE LIMIT EXEMPTION BACKGROUND: 2011 Wisconsin Act 32 and 2013 Wisconsin Act 20 provided that the revenue limit for the school year is increased by the amount spent by the school district in that school year on a project to implement energy efficiency measures or to purchase energy efficiency products including the payment of debt service on a bond or note issued to finance the project if the project results in the avoidance of, or reduction in, energy costs or operational costs. The 2017-18 tax levy included $70,921 for energy efficiency project debt payments.

  6. § 121.91 (4) (o) Revenue Limit Exemption for Energy Efficiencies-Evaluation of the Energy Performance Indicators

  7. HISTORY OF TAX LEVY AND MILL RATES

  8. OPEN ENROLLMENT

  9. LIGHTHOUSE LEARNING ACADEMY • Programming for Two Rivers residents and open enrolled students • Student enrollment – 96 • Range 4K – 12 • Current programming: virtual, home-school and/or blended

  10. FUND 10 BUDGET INCREASE INFORMATION 2017-18 Actual General Fund Expenditures $18,211,141 2018-19 Budgeted General Fd Expenditures $19,231,508 Less: Amount budgeted from Fund Balance ($47,000) Net 2018-19 Expenditures-Excl. Fund Balance $19,184,508 TOTAL BUDGET INCREASE $973,367 % BUDGET INCREASE 5.34%

  11. REFERENDUM SUMMARYTHROUGH JUNE 30, 2018 Bond Proceeds $3,715,000 Energy Rebates $61,448 Interest Revenue $1,751 Total Revenue $3,778,199 Total Expenditures through June 30, 2018($3,071,668) Fund Balance – June 30, 2018 $706,531

  12. FUND 73 – EMPLOYEE BENEFIT TRUST FUND SUMMARY Balance of the trust – June 30, 2018 $651,859.75 Investment Return – June 30, 2018 $8,969.66 Contributions – July 1, 2017 to June 30, 2018 $339,080.12 Distributions – July 1, 2017 to June 30, 2018 $304,080.13 Investment Manager: Trust Administrator: MidAmerica Administrative & Retirement Solutions, Inc. Custodians of the Trust: AUL – Rate of Return 1.30%

  13. FUND 10 - FUND BALANCE SUMMARY 2018-19 BEGINNING FUND BALANCE $3,841,179 Budgeted Revenue - General Fund 19,184,508 Budgeted Expenses - General Fund (19,231,508) 2018-19 BUDGETED ENDING FUND BALANCE $3,794,179 FUND BALANCE APPROPRIATION: Technology Expenditures $11,273 Music Department Expenditures 20,119 Sound Equipment for Two Rivers High School 15,608 TOTAL FUND BALANCE APPROPRIATION $47,000

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