October 4, 2016 Review Funding Wisconsin Public Schools Exercise - - PowerPoint PPT Presentation

Investing in Wisconsin Public Schools Part II October 4, 2016

 Review Funding Wisconsin Public Schools Exercise  Brief Presentation Excerpted from the August 15, 2016

Annual Meeting and Budget Hearing

 Review September 16, 2016 student count numbers

 Public schools have a host of stakeholders including:

Students Parents/Guardians Grandparents Business Leaders Citizens Civic Groups Taxpayers Colleges & Universities Local, State and Federal Government School Board Teachers, Support Staff and Administration

 Wisconsin public schools receive revenues from four

main sources:

Local (property tax) State (Equalization Aid and Categorical Aid) Federal (Grants and reimbursements) Other (student fees, donations, etc.)

General Fund Revenues

 Equalization aid (49.2%) and local taxes

(38.2%) make up 87.4% of the District’s revenue.

Taxes Local Revenue Open Enrollment Equalization Aid Other State Aid Federal Sources Other

 The following factors are drivers of revenue:

Enrollment Community Support New Construction (increased property) Federal Grants Categorical Aid Funding Revenue Limit Legislative Action (state budget) Student Learning Opportunities

 The main expense categories for public schools are:

Pupil and Staff Services (9%) Administration (7%) Instruction (56%) Food and Community (4%) Operations (14%) Facilities (6%) Transportation (4%)

 The following factors drive expenses in public schools:

Inflation Technology and Information Scarce Resources Students in Poverty and Low Income Student Learning Options Act 10 & Act 32 Special Education Aging Buildings

 Review Funding Wisconsin Public Schools Exercise  Brief Presentation Excerpted from the August 15,

2016 Annual Meeting and Budget Hearing

 Review September 16, 2016 student count numbers

Excerpted from 2016-2017 Budget Hearing Held August 15, 2016

 Wisconsin schools use a fund accounting system

known as WUFAR.

 WUFAR allows schools to separate revenues and

expenses for different purposes (i.e. general, special education, food service) into separate funds.

 The School District of Mayville uses an accounting

software called Skyward. Skyward is specially designed for schools

 All Wisconsin Schools are monitored by the

Department of Instruction (DPI). We report all financial activity including budgets and annual reports to DPI.

The 2015-2016 fiscal year resulted in a $722,071

contribution to fund balance, which brings the general fund balance to $4,111,230.

The fund balance represents 32% of 2015-2016

expenditures.

The fund balance increase was largely due to

increased revenues and expenses that were budgeted in the 2015-2016 year and paid in the 2016- 2017 year. 2015-2016 Financials

Fund balance does NOT equal the amount of cash the district has in the bank! Fund balance is: Assets – Liabilities = Fund Balance

The 2016-2017 budget reflects a $23,082 deficit. With current enrollment projections, property

valuations (with .5% increase) and aid estimates, the 2016-2017 revenue limit is calculated at $11,523,436.

The District July 1 aid estimate is $6,406,977, a

decrease of $89,278 from 2015-2016.

The District General Fund tax levy is calculated at

$4,964,520 and Fund 39 levy is calculated at $141,886.

The mill rate is estimated at $9.03, a decrease from

$10.57 in 2015-2016 due to the final settlement of the referendum approved debt. 2016-2017 Budget As Presented 08/15/2016

August 15, 2016: Annual Meeting & Original Budget

Hearing

September 1: First Day of School September 16: Student Membership Count Date October 1: DOR Tax Apportionment Value Certification October 14: DPI Certifies Equalized Aid and Notifies

Districts of Vouchers

Original Budget Revised November 1: Tax Levy Approved by School Board November 7: Tax Levy Report Due to DPI November 10: Tax Levies Certified to Municipalities

2016-2017 Dates to Note

General Fund Budget

GENERAL FUND

Audited 2014-15 Unaudited 2015-16 Budget 2016-17

Beginning Fund Balance 4,740,066.01 3,389,158.82 4,111,230.45 Ending Fund Balance 3,389,158.82 4,111,230.45 4,088,147.48 REVENUES & OTHER FINANCING SOURCES Transfers-In (Source 100) 11,992.78 250,524.68 0.00 Local Sources (Source 200) 4,932,456.21 5,329,195.84 5,097,020.00 Inter-district Payments (Source 300 + 400) 723,727.25 750,639.21 824,784.00 Intermediate Sources (Source 500) 5,231.00 6,829.56 6,800.00 State Sources (Source 600) 7,152,972.96 6,801,404.08 6,805,031.00 Federal Sources (Source 700) 243,142.80 263,958.77 237,311.00 All Other Sources (Source 800 + 900) 61,313.88 62,744.45 22,000.00 TOTAL REVENUES & OTHER FINANCING SOURCES 13,130,836.88 13,465,296.59 12,992,946.00 EXPENDITURES & OTHER FINANCING USES Instruction (Function 100 000) 6,709,589.05 6,614,202.67 6,515,509.83 Support Services (Function 200 000) 6,288,613.61 4,617,773.64 4,762,184.90 Non-Program Transactions (Function 400 000) 1,483,541.41 1,511,248.65 1,738,334.24 TOTAL EXPENDITURES & OTHER FINANCING USES 14,481,744.07 12,743,224.96 13,016,028.97

General Fund Revenues

 Equalization aid (49.2%) and local taxes

(38.2%) make up 87.4% of the District’s revenue.

Taxes Local Revenue Open Enrollment Equalization Aid Other State Aid Federal Sources Other

Year Levy 12-13 $5,313,145 13-14 $5,310,318 14-15 $5,477,196 15-16 $5,943,428 16-17 $5,106,406

Tax Levy

 The property tax is an estimate using 2015-2016 property values (with 0.5% increase), student membership data and July 1 aid estimates. This figure could change following the October 15 aid certification and actual property values.  The building debt has been repaid, and approx. $630,000 debt levy is eliminated in 16-17.

Year State Avg. Mill Rate

• Dist. Avg.

Mill Rate 12-13 $10.21 $9.71 13-14 $10.37 $9.71 14-15 $10.26 $9.68 15-16 $10.25 $10.57 16-17 N/A $9.03

Tax Levy Mill Rate

 The mill rate is a number used to equate the amount of taxes that will be assessed on a property that has a certain valuation.  An increase or decrease in the mill rate could vary due to changes in property values.  Proposed mill rate reflects a 0.5% increase in property values.

Enrollment Headcount – Declining Enrollment

 Membership Count Dates: Third Friday in September and Second Friday in January.  Enrollment Headcount: The number of students in the seats at Mayville Schools on the count date.  Membership: Enrollment headcount – open enrolled in students + open enrolled out students.  Equalization Aid Membership: Average of 2015-2016 September and January Membership plus summer school FTE.  Revenue Limit Membership: Three year rolling average of prorated membership counts plus summer school. Enrollment Headcounts 2011 2012 2013 2014 2015 2016 Actual 1,263 1,265 1,258 1,189 1,176 1,133

STUDENTS ENROLLING IN

 General Education

Students: 119

 Special Education

Students: 10

 General Education

Students: 76

 Special Education

Students: 11

STUDENTS ENROLLING OUT

New in 2016-2017 all special education tuition is $12,000 per student. When students enroll in, their home district counts them in their membership count and receives aid and tax payments for him or

• her. That district then pays

us a general tuition fee ($6,748 estimate 16-17).

Updated 9/16/2016

 2016-2017 increased or new expenses:

• Retained teaching staff to receive $120,000 increase
• New HRA plan resulting in contributions totaling $197,499
• Increase in buildings and grounds budget by $284,908
• Food service deficit resulting in a fund transfer of $20,053

School District of Mayville administration continues to work diligently to decrease expenses and increase revenue to realize a balanced budget.

Focus on the Learning Environment

 In 2015-2016 a hold was placed on some maintenance projects in an effort to be fiscally responsible during the remediation and repair of the Parkview Gymnasium. An estimated $127,000 in maintenance projects were placed on hold.  In 2016-2017 a renewed focus on the learning environment adds $284,000 to the 2016-2017 budget for items including:  Building and system maintenance and repair  Landscaping and parking lot maintenance  Furniture  Improved staffing plan that provides each building with a designated maintenance lead

 SPECIAL EDUCATION (Fund 27): $1,004,712 transfer

from general fund. Anticipated decrease in student count.

 FOOD SERVICE(Fund 50): $19,033 transfer from

general fund. Change in food program with goal to increase participation.

 Trust Debt: $141,886 levied with $559,639 remaining

debt on June 30, 2017. Special Education, Food Service & Trust Debt

Janel DeZarn, Business Manager 920-387-7963 ext. 1007 jdezarn@mayville.k12.wi.us

 Review Funding Wisconsin Public Schools Exercise  Brief Presentation Excerpted from the August 15, 2016

Annual Meeting and Budget Hearing

 Review September 16, 2016 student count numbers