River Valley School District Budget Hearing Date: Thursday, October 25, 2018 Time: 7:00 p.m. Location: River Valley High School Little Theater 660 Varsity Blvd Spring Green, WI 53588
2018-2019 Board of Education Name Address Area Term Expires Kathy Jennings President Arena 1 4/27/2020 Deborah Nelson Clerk Arena 2 4/27/2020 Jeff Maier Avoca 3 4/22/2019 Dan McGuire Lone Rock 4 4/27/2020 Mark Strozinsky Lone Rock 5 4/26/2021 Sara Young Spring Green 6 4/25/2019 Fred Iausly Treasurer Spring Green 7 4/26/2021 Kiley Cates Spring Green 8 4/26/2021 John Bettinger Vice-President Plain 9 4/22/2019 2 2
Strategic Plan Approved June 15, 2018 5 Categories • Student Achievement and Instruction • Student Engagement • Facilities • Community Connections and Engagement • Finance and Operations Check out the plan here 3
Strategic Plan and District Initiatives • Universal Design for Learning (UDL) • Provides all students an equal opportunity to succeed • Maintaining Current Programs & Activities • Continue to offer a wide array of elective programs, strong academic programs, and exceptional co-curricular activities • Continue to have class sizes that support student learning and a highly qualified certified staff • Communication Tools • Webpage, Mobile App, Google Classroom, Seesaw • RVTV • Transition to YouTube Live from NFHS • Social Media • Facebook, Twitter, Instagram • Media Outlets • Home News, WRCO 4
Fund Definitions • Fund 10: General Fund • Fund 21: Special Projects Fund - Gifts • Fund 27: Special Education Fund • Fund 38: Non-Referendum Debt Service Fund • Fund 39: Debt Service Fund • Fund 49: Other Capital Projects Fund • Fund 50: Food Service Fund • Fund 72: Scholarship Trust Fund • Fund 80: Community Service Fund • Fund 91: TEACH Program Consortium Fund All funds are set by Wisconsin Uniform Financial Accounting Requirements (WUFAR) RVSD uses 5,390 different accounts Funds used to help in budgets and accountability 5 5 Pages 4-8 of Budget Hearing
Overview of Budget • Budget Publication • Budget Publication Budget Hearing is a breakdown & update of the Budget Hearing is a budget publication, for adoption. Pages 1-3 Newspaper (First week of October) Pages 4-8 Final • Revenue Limit provided Oct. 15 by WI DPI 6 Pages 1-3 & 4-8 of Budget Hearing
Revenue Limit • Revenue Limit 2018-2019 = $14,114,829 37% State Aid 63% Local Taxes 37% $5,222,836 $8,891,993 63% 2015 2016 2017 2018 2019 Total 14,084,833 14,162,443 14,342,470 14,035,443 14,114,829 Property Tax 9,251,320 9,339,745 9,481,378 9,095,976 8,891,993 State Aid 5,645,659 5,560,313 4,909,790 4,939,467 5,222,836 7 7 Pages 9- 10 of Budget Hearing
Total Funds School Tax Levy 2014- 2015- 2016- 2018- 2017- 2018 2016 2017 2019 2015 Total Funds Tax Levy $9,251,320 $9,339,745 $9,491,431 $9,154,892 $8,971,993 Funds Percent Change 1.00% 1.60% -3.68% -2.04% Tax Rate $11.18 $10.78 $10.73 $10.04 $9.71 Tax Rate Change -3.58% -0.46% -6.43% -3.40% 8 Pages 9 & 15 of Budget Hearing
Tax Rate Impact School Portion Only Assessed 2015- 2016- 2017- 2018- Projected Value 2016 2017 2018 2019 Impact $100,000 $1,078 $1,073 $1,004 $971 -$33 $200,000 $2,156 $2,146 $2,008 $1,950 -$66 $300,000 $3,234 $3,219 $3,012 $2,925 -$99 $400,000 $4,312 $4,292 $4,016 $3,900 -$132 9
Five Year History of School District Equalized Values 2014 2015 2016 2017 2018 2018 EQUALIZED EQUALIZED EQUALIZED EQUALIZED EQUALIZED Percent MUNICIPALITY VALUATION VALUATION VALUATION VALUATION VALUATION Change T BLACK EARTH 1,451,590 1,445,609 1,406,909 1,389,445 1,444,429 3.96% T ARENA 134,339,789 136,100,479 135,640,367 141,426,706 142,279,187 0.60% T CLYDE 34,097,607 33,947,604 40,426,985 38,817,360 38,892,392 0.19% T DODGEVILLE 278,170 273,829 276,866 277,863 295,263 6.26% T RIDGEWAY 994,332 1,068,698 1,129,971 1,147,418 1,197,134 4.33% T WYOMING 65,572,502 65,553,514 65,182,378 66,558,859 67,294,987 1.11% V ARENA 37,705,400 39,706,700 40,201,700 41,033,900 42,611,500 3.84% T BUENA VISTA 40,711,117 42,638,357 43,673,601 45,145,406 46,031,831 1.96% T ITHACA 1,039,787 1,050,403 1,093,988 1,121,383 1,136,132 1.32% V LONE ROCK 31,376,000 32,881,900 34,093,900 34,716,400 33,930,800 -2.26% T BEAR CREEK 49,144,540 52,617,117 54,113,725 55,815,002 57,670,661 3.32% T FRANKLIN 50,924,450 52,743,195 54,724,082 55,509,747 57,559,077 3.69% T HONEY CREEK 147,004 166,684 164,844 164,271 167,751 2.12% T SPRING GREEN 154,998,600 165,584,000 171,617,900 180,393,700 186,232,100 3.24% T TROY 21,017,095 21,959,503 22,857,334 23,204,142 23,550,555 1.49% V PLAIN 64,534,500 65,710,000 64,378,200 66,558,800 58,054,100 -12.78% V SPRING GREEN 139,351,100 153,001,500 153,863,200 158,159,700 165,259,400 4.49% 827,683,583 866,449,092 884,845,950 911,440,102 923,607,299 1.33% 10 Page 15 of Budget Hearing
Prior and Current Year Tax Levy Breakdown 2017-2018 2018-2019 PERCENT OF TAX LEVY CHANGE TAX LEVY TAX LEVY TOTAL LEVY 2018-2019 T BLACK EARTH 13,956 14,031 0.16% 75.12 0.5% T ARENA 1,420,550 1,382,111 15.40% (38,438.91) -2.7% T CLYDE 389,898 377,804 4.21% (12,094.36) -3.1% T DODGEVILLE 2,791 2,868 0.03% 77.23 2.8% T RIDGEWAY 11,525 11,629 0.13% 103.90 0.9% T WYOMING 668,545 653,709 7.29% (14,836.76) -2.2% V ARENA 412,162 413,931 4.61% 1,769.48 0.4% T BUENA VISTA 453,460 447,157 4.98% (6,302.88) -1.4% T ITHACA 11,264 11,036 0.12% (227.17) -2.0% V LONE ROCK 348,706 329,606 3.67% (19,099.86) -5.5% T BEAR CREEK 560,630 560,217 6.24% (412.34) -0.1% T FRANKLIN 557,564 559,133 6.23% 1,569.84 0.3% T HONEY CREEK 1,650 1,630 0.02% (20.46) -1.2% T SPRING GREEN 1,811,951 1,809,073 20.16% (2,877.96) -0.2% T TROY 233,072 228,772 2.55% (4,300.35) -1.8% V PLAIN 668,545 563,942 6.29% (104,602.86) -15.6% V SPRING GREEN 1,588,623 1,605,343 17.89% 16,719.35 1.1% $ 9,154,892 $ 8,971,993 100.00% (182,899.00) -2.04% 11 Page 15 of Budget Hearing
Tax Rate Comparison to Surrounding Districts (2017-2018) 13.57 14 12.64 11.5 11.58 11.08 12 10.04 9.53 9.77 9.44 9.31 10 8.68 8 6 4 2 0 Richland Reedsburg Barneveld Sauk Prairie Riverdale River Valley Dodgeville Wisconsin Ithaca Weston Ithaca Center Heights 12 12
Fund 10 – General (Operating) Fund • Purpose is to account for daily activities of the district business. Audited Unaudited Budgeted 2016-2017 2017-2018 2018-2019 Total Revenues $15,965,430 $15,906,284 $16,174,730 Total Expenditures $16,318,814 $16,022,238 $16,401,476 Revenue-Expense Total -$353,384 -$115,954 -$226,746 Beginning Fund Balance $5,921,791 $5,568,407 $5,452,453 Ending Fund Balance $5,568,407 $5,452,453 $5,225,707 • Revenue Limit projection ($14M total) within $24K (less than projected). • Increase in expenditures due to increase in use of Energy Efficiency exemption. 13 13 Page 4-5 of Budget Hearing
Energy Efficiency Programs • December 2017 School Board unanimously passed a resolution to exceed 2018-2019 and 2019-2020 Revenue Limit by $1,000,000 each fiscal year • One-time, non-recurring exemption • Last time for RV Schools (2019-2020) • Energy Efficiency has been eliminated until December 3018 • 18-19 Summary of Work • RV Early Learning Center • HVAC, Windows, and Electrical Updates • RV Elementary • HVAC and Electrical Updates • RVMS • Plumbing and Electrical Updates • RVHS • Electrical Updates 14
District Fund Balance 2015- 2016-2017 2017- 2018-2019 2018 2016 Projected Beginning $5,963,198 $5,921,792 $5,568,407 $5,452,453 Fund Balance Ending Fund $5,921,792 $5,568,407 $5,452,453 $5,225,707 Balance Fund Balance as % of Total 31.8% 30.0% 30.3% 27.7% Expenditures 15 Page 4 of Budget Hearing
Fund Balance • Fund balance represents the fund's total assets minus its liabilities. River Valley Board Policy 665 This is not a cash balance. 16 Page 4 of Budget Hearing
Fund 10 General Fund Revenue 2018-2019 2018-2019 % of Revenue Local Taxes 8,746,271 54.1% Other Local Revenue 202,275 1.3% WI Inter-District Transfers 406,000 2.5% Other Intermediate Sources 22,000 0.1% State Categorical Aid 130,000 0.8% State Equalization Aid 5,094,001 31.5% Other State Revenue 1,273,107 7.9% Federal Revenue 247,076 1.5% Other Revenue 54,000 0.3% Total Revenues 16,174,730 100.0% 17 17 Page 4-5 of Budget Hearing
Fund 10 General Fund Expenses 2018-2019 2018 % of Expenses Salaries 6,471,770 39.5% Benefits 2,509,088 15.3% Purchased Services 4,506,735 27.5% Non-Capital Objects 584,225 3.6% Capital Objects 97,900 0.6% Insurance & Judgments 171,243 1.0% Interfund Transfers 2,013,450 12.3% Other 47,065 0.3% Total Expenses 16,401,476 100% 18 18 Page 5 of Budget Hearing
General Fund Expenditures • $16,401,476: 2018-2019 2.31% increase from prior year • 5 Year Prior Comparison (comparison to prior year) $16,022,238: 2017-2018 (-1.85% decrease) $16,318,815: 2016-2017 (4.14% increase) $15,642,594: 2015-2016 (1.18% increase) $15,458,742: 2014-2015 (2.58% increase) $15,060,477: 2013-2014 Five Year Average = 1.67% 19
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