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SCHOOL DISTRICT OF CHETEK

SCHOOL DISTRICT OF CHETEK. ANNUAL MEETING & BUDGET HEARING SEPT. 22, 2008. INTRODUCTION TO SCHOOL DISTRICT BUDGETING.

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SCHOOL DISTRICT OF CHETEK

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  1. SCHOOL DISTRICT OF CHETEK ANNUAL MEETING & BUDGET HEARING SEPT. 22, 2008

  2. INTRODUCTION TO SCHOOL DISTRICT BUDGETING “A school district is represented by its budget. What is included in the budget sets the tone for future years. The school budget must be based on a clearly defined educational plan designed to meet the needs of children in the district” (WASB, Annual School District Meeting, 2008).

  3. MISSION • Chetek graduates are responsible, caring, productive and healthy citizens with the knowledge and skills to achieve their dreams.

  4. Budget Development Assumptions or Limitations • Balanced expenditures and anticipated revenues • Budget development using multi-year projections and anticipated changes • Enrollments • State budget and state participation • Grants and federal programs • New laws and legal requirements • Levy to the state minimum of $9,000 per student

  5. Goals Incorporated in the Development of the Budget • Educational goals: • Students shall read at grade level by third grade. • Life skills will be taught in the curriculum. • Build the skills necessary for students to become productive workers, fair-minded citizens and life long learners. • Math Curriculum is a primary focus.

  6. Long Range Planning • Buildings & Grounds/Maintenance • Recent approvals (lockers, landscaping, and gym lighting • Technology • Implementation of 3 year technology plan (year 2) • Student management software • Maintainence of effort in support of technology

  7. Parts of the Annual Meeting Booklet • Budget hearing and adoption • Resolutions • Supplemental information • Revenue limit calculation • Budget publication • Budget detail • Charts and graphs • Enrollments • History • Levy

  8. School District of Chetek 2008-09 Budget

  9. General Fund

  10. Revenue Local Sources 50% 2007-082008-09 • Taxes $ 4,626,435 $4,915,244 • Non-Capital Sales 5,313 4,000 • School Activity Income 26,159 23,500 • Interest on Investments 51,957 60,400 • Other Revenue 33,122 18,550 Total Local Sources $4,742,986$5,021,694

  11. Revenue Intermediate/Other Sources (Less than 2%)2007-08 2008-09 • Transit of Aids (Grants) $ 11,038 $ 6,923 • Open Enrollment 54,867 87,468 • Medical Services Reimb. 38,713 30,675 • Refund of Disbursement 25,491 18,170 • Other Revenue 1,499 0 Total Other Sources $131,608 $143,236

  12. Revenue State Sources 44%2007-082008-09 • State Aid-Categorical $85,013 $77,000 • State Aid-General 4,431,535 4,143,912 • SAGE Grant 218,250 238,500 • DPI Special Grants 44,964 88,229 • Other Revenue 1,997 2,100 • Total State Sources $ 4,781,759$4,549,741

  13. Revenue Federal Sources 4%2007-08 2008-09 • Special Project Grants $174,565 $79,663 • Title I & Title V 166,934 183,579 • Other Federal Revenue 123,066 75,000 Total Federal Sources $ 464,565$ 338,242

  14. Total Revenues • 2007-08 $ 10,120,917 • 2008-09 $ 10,052,913

  15. 2008-09 Budgeted Revenues(Fund 10)

  16. Expenditures Instruction 47% 2007-08 2008-09 • Undifferentiated Curriculum $1,857,513 1,898,253 • Regular Curriculum 2,191,269 2,269,595 • Vocational Curriculum 282,672 209,062 • Physical Curriculum 284,045 220,562 • Co-Curricular Activities 186,942 217,487 • Special Needs 17,044 22,727 Subtotal Instruction $4,819,485 4,837,686

  17. Expenditures Support Services 39% 2007-082008-09 • Pupil Services $ 357,387 371,560 • Instructional Staff Services 369,530 333,264 • General Administration 213,192 214,315 • School Building Administration 540,549 598,021 • Business Administration 1,641,677 1,709,810 • Central Services 349,597 325,771 • Insurance and Judgments 85,672 86,127 • Debt Service 22,960 22,960 • Other Support Services 242,879 276,716 Subtotal Support Services $3,823,443 3,938,544

  18. Expenditures Non-Program 14%2007-082008-09 • Inter-fund Operating Transfers $815,973 796,676 • Purchased Instructional Services 485,048 594,335 • Other Non-Program Transactions 910 5,000 Subtotal Non-Program$1,301,931 1,396,011

  19. Total Fund 10 Expenditures • 2007-08 $ 9,944,860 • 2008-09 $ 10,172,241

  20. 2008-09 Budgeted Expenses(Fund 10)

  21. SPECIAL EDUCATION FUND Revenues2007-082008-09 • Operating Transfers In $ 815,973 796,676 • Interdistrict Payments 939 0.00 • State Aid Through CESA 25,723 12,840 • Federal Aid (Grants) 165,991 175,365 • Handicapped Aid 283,838 262,600 Total Revenues$1,295,465 1,247,481

  22. SPECIAL EDUCATION FUND Expenditures2007-082008-09 • Instruction $922,744 915,166 • Support Services 236,962 191,222 • Non-Program 132,759 141,093 Transactions Total Expenditures$1,292,465 1,247,481

  23. DEBT SERVICE FUND RevenuesExpenditures 2007-08 $ 1,049,556 $1,060,150 2008-09 1,053,692 $1,066,005

  24. CAPITAL PROJECTS FUND RevenuesExpenditures 2007-08 $ 0.00 $ 0.00 2008-09 0.00 0.00

  25. FOOD SERVICE FUND RevenuesExpenditures 2007-08 $ 387,278 $ 381,877 2008-09 378,099 383,500

  26. EMPLOYEE BENEFIT FUND RevenuesExpenditures 2007-08 $ 0.00 $ 0.00 2008-09 0.00 0.00

  27. COMMUNITY SERVICE FUND RevenueExpenditures 2007-08 $73,115 $62,660 2008-09 76,500 95,799

  28. Factors Impacting Revenue Limit • Levy amount is set by State Statute • Formula • Number of students • $ increase set by Statute • Equalization Aid

  29. Levy Increase • Loss of State Aid • 2006-07 49% • 2007-08 48% • 2008-09 44% • Property Value per Child • Basis for aid formula • Declining Enrollment • Increased Property Values

  30. REVENUE LIMIT 2007-08 Property Tax $4,797,168 2007-08 Computer Aid 1,997 2007-08 State Aids 4,431,535 2007-08 Declining Enrollment 304,500 Base 8,926,200 2005-06-07 three-year Member Average 1,026 Base per Member 8,700 Per Member Increase 300 Maximum per Member 9,000 2006-07-08 three-year Member Average 1,003 New Revenue Limit 9,027,000

  31. REVENUE LIMIT (continued) • Transfer of Service 0 • Declining Enrollment 207,000 • Total Revenue Limit 9,234,000 • Estimated State Aid 4,143,912 • Referendum Approved Debt 871,148 • Community Service Fund 70,000 • Estimated Computer A 2,100 Estimated Local Tax Levy $6,029,136

  32. Present & Future Local FactorsImpacting Future Budgets • Declining Enrollment (MEMBERSHIP) • 2006-2007 1030 • 2007-2008 995 • 2008-2009 972 • Equalized Property Valuation • 2006-2007 $667,618,795 • 2007-2008 $698,795,395 • 2008-2009 $740,795,395

  33. PROPOSED PROPERTY TAX LEVY 2007-08 2008-09 • General Fund $4,618,624 4,909,444 • Debt Service Fund 1,044,852 1,049,692 • Community Service Fund 60,000 70,000 TOTAL LEVY$5,723,476 6,029,136

  34. Mill Rate • 2006 Equalized Valuation $667,618,795 • 2007 Equalized Valuation $698,795,395 • 2007-08 Mill Rate 8.19 • 2008-09 Projected Mill Rate 8.13

  35. Valuation

  36. Tax Levy

  37. Mill Rate

  38. Membership

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