River Valley School District Budget Hearing Date: Thursday, - - PowerPoint PPT Presentation

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River Valley School District Budget Hearing Date: Thursday, - - PowerPoint PPT Presentation

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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

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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

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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

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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

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SLIDE 4

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

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SLIDE 5

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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

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Pages 4-8 of Budget Hearing

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SLIDE 6

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Overview of Budget

  • Budget Publication
  • Budget Hearing is a breakdown & update of the

budget publication, for adoption.

Pages 1-3 Newspaper (First week of October) Pages 4-8 Final

  • Revenue Limit provided Oct. 15 by WI DPI
  • Budget Publication
  • Budget Hearing is a

Pages 1-3 & 4-8 of Budget Hearing

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Revenue Limit

  • Revenue Limit 2018-2019 = $14,114,829

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37% 63%

63% Local Taxes $8,891,993

Pages 9- 10 of Budget Hearing

37% State Aid $5,222,836

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

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Total Funds School Tax Levy

2014- 2015 2015- 2016 2016- 2017 2017- 2018 2018- 2019 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%

Pages 9 & 15 of Budget Hearing

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SLIDE 9

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Tax Rate Impact

School Portion Only

Assessed Value 2015- 2016 2016- 2017 2017- 2018 2018- 2019 Projected 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
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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%

Page 15 of Budget Hearing

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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%

Page 15 of Budget Hearing

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Tax Rate Comparison to Surrounding Districts (2017-2018)

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2 4 6 8 10 12 14 Richland Center Reedsburg Barneveld Sauk Prairie Riverdale River Valley Dodgeville Wisconsin Heights Ithaca Weston Ithaca 8.68 9.31 9.44 9.53 9.77 10.04 11.08 11.5 11.58 12.64 13.57

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Fund 10 – General (Operating) Fund

  • Purpose is to account for daily activities of the

district business.

  • Revenue Limit projection ($14M total) within $24K (less than projected).
  • Increase in expenditures due to increase in use of Energy Efficiency exemption.

Audited 2016-2017 Unaudited 2017-2018 Budgeted 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

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Page 4-5 of Budget Hearing

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SLIDE 14

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

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District Fund Balance

2015- 2016 2016-2017 2017- 2018 2018-2019 Projected

Beginning Fund Balance

$5,963,198 $5,921,792 $5,568,407 $5,452,453

Ending Fund Balance

$5,921,792 $5,568,407 $5,452,453 $5,225,707

Fund Balance as % of Total Expenditures

31.8% 30.0% 30.3% 27.7%

Page 4 of Budget Hearing

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Fund Balance

  • Fund balance represents the fund's

total assets minus its liabilities.

River Valley Board Policy 665 This is not a cash balance.

Page 4 of Budget Hearing

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Fund 10 General Fund Revenue 2018-2019

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Page 4-5 of Budget Hearing

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%

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Fund 10 General Fund Expenses 2018-2019

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Page 5 of Budget Hearing

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%

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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%

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Fund 21 Special Revenue Trust Fund

  • Purpose is to account for donor gifts for specified

uses.

Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Total Revenues $50,866 $6,657 $4,000 Total Expenditures $53,287 $20,738 $14,850 Revenue-Expense Total ($2,421) ($14,081) ($10,850) Beginning Fund Balance $93,813 $91,391 $77,310 Ending Fund Balance $91,391 $77,310 $66,460

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Page 5 of Budget Hearing

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Fund 27 Special Education

  • Accounts for special education programs and
  • perations.

Revenues Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Operating Transfers-In (From Fund 10) $1,878,888 1,974,681 1,986,673 Intermediate Sources $4,139 2,488 2,500 State Sources $680,194 669,081 677,022 Federal Sources $407,967 420,183 426,439 Total Revenues $2,971,188 $3,066,832 $3,092,634 Expenses Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Salary and Benefits $2,523,161 $2,568,626 $2,574,987 Other Objects $448,027 $498,206 $517,647 Total Expenses $2,971,188 $3,066,832 $3,092,634

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Page 5-7 of Budget Hearing

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Fund 38 Non-Referendum Debt

State Trust Fund Loan dated 1/16/2014 to pay the Wisconsin Retirement System unfunded liability. The loan was refinanced during 2015-2016 to drop the interest rate from 4.5% to 3.5%.

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Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019

Total Revenues $526,822 $172,722 $172,722 Total Expenditures $526,809 $172,722 $172,722 Revenue-Expense Total $0 $0 $0 Beginning Fund Balance $16 $16 $16 Ending Fund Balance $16 $16 $16

  • Fund 38 debt balance as of June 30, 2018 is $1,284,905
  • Last payment scheduled for March 2027

Page 7 of Budget Hearing

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Fund 39 Referendum Debt

The last remaining referendum debt was the high school bond, which was paid in full as of June 30, 2016.

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Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Total Revenues $13 $0 $0 Total Expenditures $8,268 $0 $0 Revenue-Expense Total ($8,255) $0 $0 Beginning Fund Balance $8,255 $0 $0 Ending Fund Balance $0 $0 $0 Page 7 of Budget Hearing

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Fund 49 Other Capital Projects

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Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Total Revenues $2,819 $7,077 $3,000 Total Expenditures $28,310 $7,876 $400,000 Revenue-Expense Total ($25,491) $0 $0 Beginning Fund Balance $777,431 $751,940 $751,141 Ending Fund Balance $751,940 $751,141 $354,141 Page 7 of Budget Hearing

  • Revenue is from prior sale of buildings, sale of land, logging revenue, interest.
  • Expenditures ($400K) include playground equipment approved unanimously by school

board on May 10, 2018.

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Fund 50 Food Service

Revenues Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Operating Transfer In $38,932 $25,212 $26,777 Pupil Breakfast $10,114 $14,716 $15,000 Pupil Lunches & Milk $194,720 $173,062 $177,703 Pupil a la Carte $83,557 $96,427 $95,000 Adult Lunches/Catering/Other $7,211 $2,138 $4,000 State Sources (Food Service Aid) $10,762 $10,384 $10,600 Federal Sources (Food Service Aid) $233,005 $231,254 $230,000 Total Revenues $578,301 $553,193 $559,080 Expenses Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Salaries and Benefits $285,512 $274,245 $287,580 Other Expenses $292,789 $278,948 $271,500 Total Expenses $578,301 $553,193 $559,080

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Fund 72 Scholarship Trust Fund

  • Purpose is to account for donor gifts for

scholarships.

  • River Valley has oversight on 15 local scholarships.

Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Total Revenues $12,584 $14,513 $17,750 Total Expenditures $14,800 $15,300 $17,750 Revenue-Expense Total ($2,216) ($787) $0 Beginning Fund Balance $30,164 $27,948 $27,161 Ending Fund Balance $27,948 $27,161 $27,161

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Fund 80 Community Service Fund

  • Purpose is to account for activities for community

uses.

  • Expenses include: Musical, Middle School Co-Curricular Activities,

School Fair, RVTV, e-School Network

Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Total Revenues $104,553 $98,725 $101,000 Total Expenditures $104,553 $98,725 $101,000

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Page 7-8 of Budget Hearing

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Fund 93 TEACH Program Consortium

  • The purpose is to account for consortia programs funded with

grants from the TEACH (Technology for Educational Achievement) Wisconsin Board.

  • CESA 3 oversees our grant used to provide professional development

to our staff that focuses on technology.

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Audited 2016-2017 Unaudited 2017-2018 Budgeted 2018-2019 Total Revenues $8,923 $9,587 $8,724 Total Expenditures $8,923 $9,587 $8,724 Page 8 of Budget Hearing

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SLIDE 29

Thank You!

This information and historical information can be found on our website: https://www.rvschools.org/district/bus_serv .cfm

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