STOUGHTON AREA SCHOOL DISTRICT

2019-20 Annual MeetingOctober 21, 2019

CALL MEETING TO ORDER

Francis SullivanSchool Board President

INTRODUCTIONS

Board MembersStudent Advisory Member

District AdministratorDirector of Business Services

DISTRICT ADMINISTRATOR’S OVERVIEW

Tim Onsager, Ed. DDistrict Administrator

ELECTION OF CHAIRPERSON

Election of Chairperson

PRESENTATION OF THE 2019-20 BUDGET AND TAX LEVY

Erica J. Pickett, SFODirector of Business Services

2018-19 PRIOR YEAR REVIEWFund 10

(General)Fund 21 (Spec

Rev Trust)Fund 27

(Special Ed)Fund 39

(Referendum Debt)

Fund 41 (Capital Expansion)

Revenues 41,137,316 686,767 6,693,175 1,475,670 579,484

Expenses 40,338,676 708,383 6,693,175 1,532,025 210,261

Cash Balance 9,157,000 309,598 554,876 536,866 1,531,257

Fund 46(LT Cap Improv

Trust)

Fund 49(Other Cap Projects)

Fund 50(Food Service)

Fund 80(Community

Service)

Fund 90 (Pkg & Co-op Program)

Revenues 401,736 5,705 985,608 201,076 39,303

Expenses 0 8,282 961,967 266,387 39,303

Cash Balance 2,624,496 251,551 298,025 89,105 0

REVENUE LIMIT VARIABLES

Variable 2018-19 2019-20 Change

September Membership 3,021 2,976 (1.5%)

Equalized Valuation $2,265,438,737 $2,388,539,110 5.4%

Base Revenue Limit per Pupil

$11,400 $11,575 1.5%

SEPTEMBER MEMBERSHIP HISTORY

2019-20 REVENUE LIMIT

Allowable Revenue Limit $36,255,568

Less: Certified General State Aid (11,857,470)

Less: State Aid for Exempt Computers & Personal Property (180,487)

Maximum Levy (Funds 10, 38, and 41) 24,217,611

Add: Debt Service Levy (Fund 39) 1,445,310

Add: Community Service Levy (Fund 80) 189,996

Add: Prior Year Levy Chargeback 1,053

Maximum Allowable School Levy 25,853,970

REVENUE LIMIT HISTORY

EQUALIZED VALUATION HISTORY

GENERAL STATE AID HISTORY

PER PUPIL AID HISTORY

2019-20 REVENUE BUDGET BY SOURCE - GENERAL (10) AND SPEC. ED (27) FUNDSDescription General Fund (10) Spec. Ed Fund (27) Total % of Budget

(excludes fund 27 operating transfer)

211 Tax Levy $23,662,865 $0 $23,662,865 56.0%

200 Other Local 393,980 0 393,980 0.9%

300 Interdistrict 581,321 0 581,321 1.4%

621 General State Aid 11,857,470 0 11,857,470 28.1%

600 State 2,704,567 1,460,225 4,164,792 9.9%

700 Federal 736,842 761,075 1,497,917 3.5%

800-900 Cap Lease & Other 105,234 0 105,234 0.2%

Total $40,042,279 $2,221,300 $42,263,579 100%

2019-20 REVENUE BUDGET BY SOURCE - GENERAL (10) AND SPEC. ED (27) FUNDS

2019-20 REVENUE BUDGET BY SOURCE - GENERAL (10) AND SPEC. ED (27) FUNDS

Year General State Aid

Tax Levy Other State Sources

Federal Sources All Other Sources

2019-20 28.1% 56.0% 9.9% 3.5% 2.5%

2018-19 31.1% 52.8% 9.2% 3.5% 3.4%

2017-18 34.0% 52.0% 7.3% 3.7% 3.0%

2016-17 36.2% 51.4% 5.9% 3.6% 2.9%

2015-16 38.2% 50.4% 4.9% 3.8% 2.7%

2014-15 40.2% 48.2% 4.8% 4.1% 2.7%

2013-14 40.1% 48.6% 4.3% 4.1% 2.9%

2012-13 39.8% 50.0% 3.9% 3.6% 2.7%

2019-20 EXPENSE BUDGET BY OBJECT - GENERAL (10) AND SPEC. ED (27) FUNDS

Description General Fund (10) Special Education Fund (27) Total % of Net Budget

100 Salaries $18,580,219 $4,455,923 $23,036,142 54.5%

200 Benefits 7,353,750 2,108,131 9,461,881 22.4%

300 Purchased Services 6,160,434 445,539 6,605,973 15.6%

400 Non-capital Objects 1,324,066 33,400 1,357,466 3.2%

500 Capital Objects 897,095 0 897,095 2.1%

600 Debt Retirement 116,663 0 116,663 0.3%

700 Insurances 331,517 0 331,517 0.8%

800 Fund Transfers 5,171,693 0 5,171,693 0.8%

900 Other Objects 106,642 0 106,842 0.3%

Total $40,042,279 $7,042,993 47,085,272

Fund 27 Transfer $(4,821,693)

Net Budget Total $42,263,579 100.0%

2019-20 EXPENSE BUDGET BY OBJECT - GENERAL (10) AND SPEC. ED (27) FUNDS

2019-20 EXPENSE BUDGET BY FUNCTION - GENERAL (10) AND SPEC. ED (27) FUNDS

Description Fund 10 Fund 27 Total % of Net Budget

100000 Instruction $17,658,600 $5,293,458 $22,952,058 54.3%

200000 Support Services 15,203,534 1,370,402 16,573,936 39.2%

400000 Non-program 7,180,145 379,133 7,559,278 6.5%

Total $40,042,279 $7,042,993 47,085,272

Fund 27 Transfer (Non-program)

$(4,821,693)

Net Budget Total $42,263,579 100.0%

2019-20 EXPENSE BUDGET BY FUNCTION - GENERAL (10) AND SPEC. ED (27) FUNDS

DEBT SERVICE SCHEDULE - FUND 39

Budget Year Payment Levy

2019-20 $1,535,050 $1,445,310

2020-21 $1,553,175 $1,549,800

2021-22 $1,561,425 $1,557,881

2022-23 $1,569,338 $1,492,169

The district’s Fund 39 debt service will be paid off on March 1, 2023. Total principal outstanding as of July 1, 2019 is $5,525,000.

TAX LEVY AND RATE SUMMARY2018-19 Levy 2018-19 Rate 2019-20 Levy 2019-20 Rate

General Operating (10) $22,803,406 $10.07 $23,662,865 $9.91

Capital Expansion (41) 543,869 $0.24 554,746 $0.23

Total Revenue Limit Levy 23,347,275 $10.31 $24,217,611 $10.14

Referendum Approved Debt (39) 1,370,902 $0.61 1,445,310 $0.61

Community Service (80) 100,000 $0.04 189,996 $0.08

Prior Year Chargeback 1,082 $0.00 1,053 $0.00

Total Levy & Rate $24,819,259 $10.96 $25,853,970 $10.83

Prior Year Increase/(Decrease) ($0.13)

TAX LEVY HISTORY

MILL RATE HISTORY

TAX LEVY IMPACT ON RESIDENTIAL TAXPAYER

School Year Home Value Mill Rate School Tax

2018-19 $200,000 $10.96 $2,192

2019-20 $210,647 $10.83 $2,284

$ Increase / (Decrease) $10,868 ($0.13) $92

% Increase / (Decrease) 5.4% (1.2%) 4.2%

Estimated Homeowner Impact

BUDGET HEARING

Questions on the2019-20 Budget

ADOPTION OF TAX LEVY

Be it resolved that there be levied a tax in the amount of $25,853,970 upon all taxable property located in the Stoughton Area School District in the City of Stoughton and the Townships of Albion, Christiana, Cottage Grove, Deerfield, Dunkirk, Dunn, Pleasant Springs, and Rutland in the County of Dane; and, in the Townships of Porter and Union in the County of Rock, State of Wisconsin for the 2019-20 school year.

ADOPTION OF RESOLUTION TO APPROVE BOARD MEMBER SALARIES

The Board of Education members of the Stoughton Area School District currently receive the following salaries:

Position Amount

President $2,799

Vice President $2,548

Clerk $2,548

Treasurer $2,548

Members who are committee chairs and not officers $2,370

Other members $2,295

Additional stipend for employee relations committee members $200

ADOPTION OF RESOLUTION TO APPROVE BOARD MEMBER SALARIES

Be it resolved that the Board of Education members of the Stoughton Area School District receive $______ in salary for the 2019-20 school year.

ADOPTION OF RESOLUTION TO APPROVE REIMBURSEMENT OF BOARD MEMBER TRAVEL

EXPENSESBe it resolved that the members of the Board of Education of the Stoughton Area School District be reimbursed for payment of actual and necessary travel expenses incurred while traveling in the performance of duties.

ADOPTION OF RESOLUTION TO SCHEDULE 2020 ANNUAL MEETING

Be it resolved that the next Annual Meeting of the Stoughton Area School District be scheduled for 6:00 p.m., October 26, 2020.

SOURCES OF STOUGHTON SCHOOL DISTRICT BUDGET INFORMATION

Annual Meeting HandoutsDistrict Web Site: www.stoughton.k12.wi.us

District Business Services Office320 North Street

STOUGHTON AREA SCHOOL DISTRICT ANNUAL MEETING

Adjournment