School District of Mauston

2014-15 Budget

General(Fund 10)

Special Projects(Fund 20)

Debt Service(Fund 30)

Capital Projects(Fund 40)

Food Service (Fund 50)

Community Service (Fund 80)

FUNDS USED

Fund 10General Fund

Balanced Budget at $16,529,480

Fund Balance $3,966,851 or 24% of Fund 10 Expenditures

(Sale of Tech Ed House - $169,767)

(Close Out of Fund 73 Trust - $61,562)

(High Deductible Insurance Savings - $111,128)

(Open Enrollment - $166,773)

Why Do We Have a Fund Balance?• Avoid excessive short term borrowing

• Be able to make unforeseen one time expenditures

• Enhance bond rating

How Large Should It Be?

From the DPI: “An amount sufficient that short term borrowing for cash flow could be avoided and would also allow the district to set aside sufficient assets to realize its longer range goals.”

Grants2013-14 2014-15

Youth Apprenticeship - $19,305 Youth Apprenticeship - $16,677

Carl Perkins - $16,899 Carl Perkins – $16,899

Rural Low Income Achievement Grant - $30,946OMS Taste Testing Grant - $1,200

Native American Grant - $6,071 Native American Grant - $10,932

2 Smarter Lunchrooms Grants - $1,000 2 Fresh Fruit & Vegetable Grants - $29,733

2 Fresh Fruit & Vegetable Grants - $ 30,090 Montessori Charter School Grant - $150,000

Second Harvest Grant $2,500

Total = $106,811 Total = $225,441

Fund 21Special Projects Fund

Donations for 2013-14 Approved at Board of Education Meetings

$31,885

Plus Donation of School Sign by Booster Club for $30,000

Funds 38 & 39Long-Term Debt

Balance as of 6/30/14 - $12,635,000

Paid Off: Technology Loan - $24,704 and Tractor Loan - $20,000

One Payment Left in 2014-15: WRS Unfunded Liability - $150,000

New Loans: Technology Loan - $170,000 and Booster Club Sign - $30,000

Bond Issues Paid Off In 2020 - $12,285,000

Fund 50Food Service Fund

Deficit - $67,968

Only $670 Left in Fund 50 Fund Balance

New In Food Service

New Rule for Smart Snacks Effective 7/1/2014:

Fundraisers must meet the federal guidelines during the school day.

Community Eligible Provision (CEP):

Eligible if District or School 40% Direct Certification

School Wellness PoliciesMinimum Requirements:

• Include goals for nutrition promotion and education/physical activity.

• Include nutrition guidelines to promote student health and reduce childhood obesity.

• Permits parents, students, staff, professionals and public to develop, implement and review policies.

• Informs and updates public.

• Checks periodically for compliance.

After School Snacks and Summer Meals 2013-14

9,774 snacks given away since Nov.

LOOKING FOR VENDING MACHINE

2013-14

Summer meals served- 12,822

Breakfast – 3,423

Lunch – 9,399

Last year – 10,627 Meals

What’s New2013 Wisconsin Act 20

$150 Per Pupil Aid (Outside the Revenue Cap)

Community Program and Services Fund (Fund 80):

Pre-Audit of Fund 80 for the Audit

Fund 80 Expenditures Must be Audited by Independent Audit Firm

Strongly Encourages Districts to Post Fund 80 Information on Website

Affordable Care Act

Regulations Still on Hold!

The District is Preparing:

All employees on the same health plan now.

Membership

Head Count is UP

Programs Contributing:

JEDI – Online Virtual School

iLEAD

Open Enrollment

Open Enrollment2012-13

In - $471,985

Out - $482,547

Net – ($10,562)

2013-14

In - $520,031

Out - $330,214

Net - $189,817

Equalization Aid

Actual 2013-14 Projected 2014-15

$8,231,565 $8,895,901

Tax Levy2014-15

Fund 10$5,150,666

Fund 39$2,418,813

Fund 41$ 75,800

Fund 80$ 87,278

TOTAL $7,732,557 (Down -7.56%)

Property Values/Mil RateProperty Value Estimate Put Together By Baird: (Up 4.1%)

Fall 2013 Actual - $623,035,818 Fall 2014 Estimate - $648,690,561

2013-14 Mil Rate - $13.43/$1,000

2014-15 Mil Rate - $12.41/$1,000

Taxes on property valued at $100,000 would be $1,241.

Questions?