chippewa falls area unified school district 2008-2009 proposed budget
TRANSCRIPT
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CHIPPEWA FALLS AREAUNIFIED SCHOOL
DISTRICT
2008-2009
PROPOSED
BUDGET
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BUDGET PROCESS
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BUDGET PROCESS
NOVEMBER• ENROLLMENT PROJECTION FOR NEXT YEAR
• 5-YEAR BUDGET FORECAST
• WORK ON FUTURE PROGRAM/FACILITY NEEDS
• MONITOR CURRENT BUDGET
• USE STRATEGIC PLANNING PROCESS TO GUIDE FUTURE ACTIONS
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BUDGET PROCESS
DECEMBER• ESTIMATE NEXT FISCAL YEARS REVENUE LIMIT• ESTIMATE CATEGORICAL AID AND LOCAL
REVENUES• DEVELOP BUILDING ALLOCATIONS• PREPARE BUDGET MATERIALS FOR SITES
(CATALOGS, ORDER FORMS, INFORMATION PACKETS, ETC.
• BID DOCUMENTS FOR SUPPLIES AND EQUIPMENT DEVELOPED AND SENT OUT
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BUDGET PROCESS (CONT)JANUARY
• BIDS RECEIVED FOR SUPPLIES• FINALIZE BUILDING ALLOCATIONS• MEET WITH BUILDING ADMINISTRATORS TO
REVIEW BUILDING ALLOCATIONS• DISTRIBUTE BUDGET MATERIALS TO BUILDING
ADMINSTRATORS• REVIEW & UPDATE REVENUE LIMIT WORKSHEET• BEGIN PLANNING FOR A BUDGET REDUCTION (IF
NECESSARY)
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BUDGET PROCESS (CONT)FEBRUARY
• BUILDING ADMINISTRATORS MEET WITH DEPARTMENT HEADS, TEAMS AND STAFF TO BEGIN SITE BUDGET PROCESS
• GATHER STAFF INPUT INTO BUDGET • CONSIDERATION OF SITE TEAM (REACh)
STRATEGIC PLANNING GOALS BASED ON DISTRICT ACHIEVEMENT GOALS
• FORMS DISTRIBUTED AND NEEDS ANALYZED• CENTRAL OFFICE REVIEWS MAINTENANCE/
OPERATION COSTS AND PROJECTS NEW YEAR COSTS
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BUDGET PROCESS (CONT)MARCH
• REVIEW & UPDATE REVENUE LIMIT WORKSHEET• BEGIN NEW YEAR STAFFING PROCESS• SITE BUDGET MATERIALS COMPLETED• SITES SUBMIT BUDGETS TO CENTRAL OFFICE• PROJECT SALARY & FRINGE BENEFIT COSTS FOR
PROPOSED STAFFING PLAN• INPUT BUDGET DATA• STAFFING PLAN PRESENTED TO THE BOARD FOR
APPROVAL
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BUDGET PROCESS (CONT)
APRIL
• CONTINUE TO INPUT BUDGET DATA
• SUMMER MAINTENANCE PLANS BUDGETED
• SUPPLY ORDERS PREPARED
• MAINTENANCE BUDGET FINALIZED
• FIRST DRAFT OF PROPOSED BUDGET PRESENTED TO THE BOARD FOR APPROVAL
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BUDGET PROCESS (CONT)
MAY
• UPDATE REVENUE LIMIT WORKSHEET
• PUBLIC FORUM ON REDUCTIONS (IF NECESSARY)
• BOARD FINALIZES REDUCTIONS
• PURCHASE ORDERS PREPARED FOR SUPPLIES
• BUDGET ADJUSTMENTS MADE AFTER REDUCTIONS (IF NECESSARY)
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BUDGET PROCESS (CONT)
JUNE• ANALYSIS OF CURRENT YEAR BUDGET AND
ITS IMPACT ON NEW BUDGET
• DEVELOPMENT OF BUDGET HEARING BOOK
• PURCHASE ORDERS SENT OUT
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BUDGET PROCESS (CONT)
JULY/AUGUST/SEPTEMBER• PREPARATION OF BUDGET PUBLICATION• PREPARATION OF BUDGET HEARING
BOOK• FINAL REVIEW AND CLOSE OUT OF
CURRENT BUDGET• AUDITORS FINAL CLOSE OUT OF CURRENT
YEAR• AUDIT REPORT
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BUDGET PROCESS (CONT)
SEPTEMBER/OCTOBER• PUBLICATION OF PROPOSED BUDGET
• SUBMISSION OF 2007-2008 AUDIT
• ANNUAL BUDGET HEARING
• THIRD FRIDAY MEMBERSHIP NUMBER
• OCTOBER EQUALIZED VALUATION
• CERTIFICATION OF EQUALIZATION AID
• ADOPTION OF FINAL LEVY
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TOTAL BUDGET $50,022,114.13
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EXPENDITURESEXPENDITURES
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How General Fund Dollars are Spent
Special Ed Transfer$4,756,766
10%
Other$1,937,377
4%
Fringe$12,870,434
26%
Salaries$21,511,944
43%
Purchased Services$7,238,101
14%
Non-Capital Equipment$1,707,492
3%
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Budget
UNKNOWNSUNKNOWNS
• THIRD FRIDAY MEMBERSHIP COUNT THIRD FRIDAY MEMBERSHIP COUNT
• STATE EQUALIZATION AID STATE EQUALIZATION AID
• EQUALIZED VALUATION OF DISTRICTEQUALIZED VALUATION OF DISTRICT
• FINAL ALLOWABLE LEVYFINAL ALLOWABLE LEVY
• COMPUTER AID ADJUSTMENTCOMPUTER AID ADJUSTMENT
•BIENNIAL BUDGET PROCESS?BIENNIAL BUDGET PROCESS?
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BUDGETING CHANGES
• OLD• THE DISTRICT
DETERMINES ITS EDUCATIONAL NEEDS AND LEVIES THE AMOUNT OF MONEY NECESSARY TO MEET THOSE NEEDS.
• NOW• THE DISTRICT
DETERMINES WHAT REVENUES ARE AVAILABLE AND TRIMS ITS NEEDS TO FIT WITHIN AVAILABLE REVENUES
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REVENUE LIMITS
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REVENUE LIMIT FORMULA
BASED ON FORMULA WHICH
INCLUDES
– PRIOR YEAR BASE
– 3 YEAR ENROLLMENT AVG
– $274.68 PER STUDENT INCREASE THIS YR ONLY
– STATE AID
– TRANSFER OF SERVICE
UNCERTAINTIES
– 3RD FRIDAY MEMBERSHIP
– FINAL STATE AID BASED ON ANNUAL REPORTS OF ALL SCHOOL DISTRICTS
– EQUALIZED VALUATION
– 2008 EXEMPT COMPUTER PROPERTY VALUATION
– COMPUTER AID
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REVENUES
REVENUES ARE
GENERATED FROM
LEVY, STATE AID, LOCAL $
AND FEDERAL AID
$50,022,114.13$50,022,114.13
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District Revenues
State Aid$30,623,598
61%
Local Taxes$17,776,153
36%
Other$475,642
1%
Federal Aid$1,146,721
2%
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REVENUES
$30,623,598 STATE SOURCES
» State equalization Aid
» State categorical Aid
» Transportation Aid
» Library Aid
» Special Project Grants
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STATE EQUALIZATION AID
2007-2008
$28,576,418
2008-2009
$30,046,584
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REVENUES (CONT)
$17,776,153 LOCAL SOURCES
» LEVY
» INTEREST INCOME
» GATE RECEIPTS
» RENTALS, FEES, ETC.
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REVENUES (CONT)
$1,146,721 FEDERAL AID
» TITLE PROGRAMS
» ESEA-NCLB
» CARL PERKINS
» ATOD PREVENTION
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2008-2009 LEVY
$18,004,872
+6.82%
Increase of $1,228,800
TAX RATE
$7.56
+2.39%
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TAX RATETAX RATE
COMPARISONCOMPARISON
2007-20082007-2008 2008-20092008-2009
$ 7.38$ 7.38 $ 7.56$ 7.56
$ 6.94 FUND 10$ 6.94 FUND 10 $ 7.25 FUND 10$ 7.25 FUND 10
$ 0.30 FUND 30$ 0.30 FUND 30 $ 0.18 FUND 30$ 0.18 FUND 30
$ 0.14 FUND 80$ 0.14 FUND 80 $ 0.13 FUND 80$ 0.13 FUND 80
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$100,000 HOMETAX IMPACT
• TAX OF $756• Increase of $18• 2.39%
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QUICK FACTS
• Expenditures • Revenues• State Aid• Tax Levy• Revenue Cap• Equalized Value• Mill Rate
• 6.15%• 5.56%• 4.89%• 6.82%• 6.17%• 4.52%• 2.39%
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QUESTIONS?QUESTIONS?
DISCUSSION?DISCUSSION?