2016-17 Proposed Budget DISTRICT BUDGET July 1 - June 30 Budget - - PowerPoint PPT Presentation

2016-17 Proposed Budget

July 1 - June 30

DISTRICT BUDGET

Budget Approved in August by Finance & SB Budget Hearing/Annual Meeting Sept. 19 Budget Finalized in October by School Board

— Property Value – October 1 — Student Enrollment - 3rd Friday in September — Transfer of Service — Private School Voucher Aid Deduction – October 15 — State Aid - October 15 — District Adjustment

Budget Factors

State Aid:

• District Property Value
• Prior year average of Sept. and Jan. Enrollment
• Private School Voucher Student Enrollment

Revenue Limit:

• District Property Value
• 3-year average of Sept. and Summer School Enrollment
• Private School Voucher Aid Deduction
• Transfer of Service
• Prior Year Spending
• Referendums
• State Aid

State Aid and Revenue Limit Factors

State Aid

$12,275,697 $12,943,747 $12,942,867 $13,691,185 $13,698,377 $14,128,181 $14,408,307 $13,872,778 $13,516,834 $12,234,555 $12,713,521 $13,899,117 $13,445,860 $12,917,674 $13,716,336

State Aid

Property Values

$1,273,936,016 $1,300,392,680 $1,321,874,401 $1,263,139,024 $1,245,693,492 $1,147,127,852 $1,140,177,336 $1,158,687,367 $1,184,213,684 $1,184,356,497

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Property Values

Revenue Limit Membership

2536 2505 2486 2481 2475 2467 2463 2462 2473 2455 2438 2409

2300 2350 2400 2450 2500 2550

Revenue Limit Membership

Operational Referendums

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Budget Revenues: State Aid and Taxes Budget Expenses: Salaries and Benefits Transportation Insurance Supplies and Equipment Maintenance Utilities Contracted Services

GENERAL FUND (FUND 10)

$28,196,730

DEBT SERVICE (FUND 30)

$0.00 Maintenance Referendum Debt Paid

Funds that Impact the Levy:

CAPITAL PROJECTS (FUND 46) $0.00 Included in Fund 10 COMMUNITY SERVICE (FUND 80)

$0.00

Fund

2016-17 Receipts 2016-17 Expenditures

General Fund (Fund 10) 28,196,730 28,196,730 Debt Service Fund (Fund 30) Capital Expansion Fund *(Fund 40) *Included in Fund 10 Levy 0.00 0.00 0.00 0.00 Community Service (Fund 80) Funds 10, 30, 40, and 80 are used in the levy calculation. Total 0.00 28,196,730 0.00 28,196,730 Funds 20, 50, 60, 70, 80, 90 are not used in the levy calculation.

Budget to Taxy Levy To determine the property tax levy:

Revenue Limit – State Aid = Property Tax Levy

PROJECTED 16-17 LEVY

$12,744,014 $12,157,600 $12,423,434 $11,739,887 $10,937,915 $11,567,154 $11,823,643 $11,131,271

$10,000,000 $10,500,000 $11,000,000 $11,500,000 $12,000,000 $12,500,000 $13,000,000 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Each municipality’s share of the levy is determined by its share of the total equalized value. 2014 2014 2013 County Municipality Value Valuation % Valuation % Columbia C Portage $538,712,900 46.49% 47.54% Columbia T Caledonia $179,318,995 15.48% 15.03% Columbia T Dekorra $191,437 0.02% 0.02% Columbia T Ft. Winnebago $71,763,500 6.19% 6.06% Columbia T Lewiston $116,609,288 10.06% 10.13% Columbia T Marcellon $1,067,390 0.09% 0.09% Columbia T Pacific $172,321,334 14.87% 14.74% Columbia T Wyocena $4,256,446 0.37% 0.37% Marquette T Douglas $16,374,777 1.41% 1.43% Marquette T Moundville $43,649,900 3.77% 3.42% Marquette V Endeavor $14,029,700 1.21% 1.13% Sauk T Greenfield $391,700 0.03% 0.04% TOTAL 12 Municipalities $1,158,687,367 100.00% 100.00% 2016 2016 2015 County Municipality Estimated Value Valuation % Valuation % Columbia C Portage $553,220,500 46.71% 46.80% Columbia T Caledonia $180,253,119 15.22% 15.06% Columbia T Dekorra $211,925 0.02% 0.02% Columbia T Ft. Winnebago $74,487,800 6.29% 6.29% Columbia T Lewiston $121,484,016 10.26% 10.26% Columbia T Marcellon $1,088,885 0.09% 0.09% Columbia T Pacific $176,917,174 14.94% 15.00% Columbia T Wyocena $3,920,807 0.33% 0.33% Marquette T Douglas $15,971,287 1.35% 1.35% Marquette T Moundville $42,857,900 3.62% 3.62% Marquette V Endeavor $13,553,200 1.14% 1.14% Sauk T Greenfield $389,884 0.03% 0.03% TOTAL 12 Municipalities $1,184,356,497 100.00% 100.00%

PROJECTED TAX IMPACT

$9.40 Mill Rate $100,000 Home $940. Tax Amount

Mill Rate – History

17.50 17.17 15.11 14.05 $10.94 $9.32 $9.73 $9.19 $8.16 $8.98 $8.60 $9.10 $9.32 $8.77 $8.76 $8.61 $9.10 $9.64 $9.62 $9.97 $10.23 $9.59 $9.98 $9.98 $9.40 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00

MILL RATE COMPARISON

Area Schools 2015-16 2014-15 2013-14

Columbus 10.52 10.98 11.28 Lodi 11.71 11.95 11.63 Pardeeville 10.57 10.59 11.08 Poynette 9.47 9.39 10.44 Rio 12.23 11.04 10.23 Sun Prairie 12.74 12.81 13.15 State 10.24 10.25 10.36

Badger Conference 2015-16 2014-15 2013-14

Baraboo 8.90 8.92 8.69 DeForest 11.18 11.18 11.19

• Mt. Horeb

9.70 10.65 10.46 Portage 9.98 9.98 9.59 Reedsburg 9.73 10.29 10.65 Sauk Prairie 10.33 10.49 10.03 Waunakee 11.60 11.36 11.48

Note:

Budget adjustments are made in October based on student enrollment, state aid certification, transfer of service allocation, district adjustments, the state voucher program, and property valuations.