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 26, 2017 Time: 7:00 p.m. Location: River Valley High School Little Theater 660 Varsity Blvd Spring Green, WI 53588 2017-2018 Board of Education Name Address Area Term

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River Valley School District Budget Hearing

Date: Thursday, October 26, 2017 Time: 7:00 p.m. Location: River Valley High School Little Theater 660 Varsity Blvd Spring Green, WI 53588

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2017-2018 Board of Education

Name Address Area Term Expires Kathy Jennings President Arena 1 4/27/2020 Deborah Nelson Clerk Arena 2 4/27/2020 Julie Case Avoca 3 4/22/2018 Dan McGuire Lone Rock 4 4/27/2020 Mark Strozinsky Lone Rock 5 4/23/2018 Sara Young Spring Green 6 4/25/2019 Fred Iausly Treasurer Spring Green 7 4/23/2018 Dick Cates Spring Green 8 4/23/2018 John Bettinger Vice-President Plain 9 4/22/2019

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2017-2018 Administration

Name Position Tom Wermuth District Administrator Darby Blakley High School Principal James Radtke Middle School Principal Jaime Hegland Elementary Director Brian Krey Director of Academic Services & Activities Director Lisa Kjos Pupil Services & Special Education Director School Psychologist Bridget Wyman Business Manager

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District Initiatives

  • 4K & 5K at Early Learning Center in Plain
  • 1-5 at River Valley Elementary School
  • Class configurations
  • RVTV
  • RV eSchool
  • One to One Technology Initiative
  • Energy Efficiency Programs (Next Slide)
  • Strategic Planning

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Energy Efficiency Programs

  • September 8, 2016 School Board passed a resolution

to exceed 2016-2017 and 2017-2018 Revenue Limit by $600,000 each fiscal year

  • One-time, non-recurring exemption
  • Roof replacement at High School over band and choir

rooms as well as oldest gymnasium

  • HVAC, Boiler and hot water heater replacement at

High School

  • Energy efficient entryway at High School
  • Payback is 8.7 years

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Overview of Budget

  • Budget Publication
  • Budget Hearing is a Breakdown of the Budget

Publication

  • Budget Publication
  • Budget Hearing is a Breakdown of the Budget

Publication

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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
  • 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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Where does the money come from?

  • Revenue Cap Limit 2017-2018
  • 35.19% State Aid
  • 64.81% Local Taxes

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1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 2010 2011 2012 2013 2014 2015 2016 2017 2018

State Aide & Property Tax

Property Tax State Aide

Revenue Limit Trend

2010 2011 2012 2013 2014 2015 2016 2017 2018 Total 14,478,555 14,520,503 13,692,000 13,607,545 13,513,427 14,084,833 14,162,443 14,342,470 14,035,443 Property Tax 9,013,033 9,000,042 8,749,914 9,058,377 9,329,011 9,251,320 9,339,745 9,481,378 9,095,976 State Aid 6,281,438 6,314,310 5,683,921 5,362,202 4,997,580 5,645,659 5,560,313 4,909,790 4,939,467

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2017-2018 State Budget Decisions Revenue Cap

  • 2.2% or $307,027 decrease from 2016-2017.

13,692,000 13,607,545 13,510,365 14,086,964 14,162,443 14,342,470 14,035,443 13,000,000 13,200,000 13,400,000 13,600,000 13,800,000 14,000,000 14,200,000 14,400,000 14,600,000 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

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2017-2018 State Budget Decisions State General Aid

  • State General Equalization Aid

increased by 1.7% in 2017-2018.

  • RVSD state aid increased 0.6 %.
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2017-2018 Budget Decisions State General Aid

  • 2017-2018 budget plan based on state general

aid increase of $29,677, 0.60%

$4,400,000 $4,600,000 $4,800,000 $5,000,000 $5,200,000 $5,400,000 $5,600,000 $5,800,000 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

General State Aid

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Total Funds Tax Levy

2013- 2014 2014- 2015 2015- 2016 2016- 2017 2017- 2018 Total Funds Tax Levy

$9,329,011 $9,251,320 $9,339,745 $9,491,431 $9,154,892

Total Funds Tax Levy Change

2.99%

  • 0.08%

1.00% 1.60%

  • 3.5%

Tax Rate

$11.19 $11.18 $10.78 $10.73 $10.04

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Tax Rate Impact

School Portion Only

Property Value 2014- 2015 2015- 2016 2016- 2017 2017- 2018 Projected Impact

$100,000 $1,118.00 $1,078.00 $1,073.00 $1,004.00

  • $69.00

$200,000 $2,236.00 $2,156.00 $2,146.00 $2,008.00

  • $138.00

$300,000 $3,354.00 $3,234.00 $3,219.00 $3,012.00

  • $207.00

$400,000 $4,472.00 $4,312.00 $4,292.00 $4,016.00

  • $276.00
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FIVE YEAR BREAKDOWN OF SCHOOL DISTRICT EQUALIZED VALUES

2013 2014 2015 2016 2017 2017 EQUALIZED EQUALIZED EQUALIZED EQUALIZED EQUALIZED Percent MUNICIPALITY VALUATION VALUATION VALUATION VALUATION VALUATION Change T BLACK EARTH 1,455,039 1,451,590 1,445,609 1,406,909 1,389,445

  • 1.24%

T ARENA 132,604,151 134,339,789 136,100,479 135,640,367 141,426,706 4.27% T CLYDE 33,660,015 34,097,607 33,947,604 40,426,985 38,817,360

  • 3.98%

T DODGEVILLE 275,538 278,170 273,829 276,866 277,863 0.36% T RIDGEWAY 1,016,648 994,332 1,068,698 1,129,971 1,147,418 1.54% T WYOMING 67,259,628 65,572,502 65,553,514 65,182,378 66,558,859 2.11% V ARENA 37,286,500 37,705,400 39,706,700 40,201,700 41,033,900 2.07% T BUENA VISTA 39,679,931 40,711,117 42,638,357 43,673,601 45,145,406 3.37% T ITHACA 1,053,993 1,039,787 1,050,403 1,093,988 1,121,383 2.50% V LONE ROCK 28,867,000 31,376,000 32,881,900 34,093,900 34,716,400 1.83% T BEAR CREEK 51,023,449 49,144,540 52,617,117 54,113,725 55,815,002 3.14% T FRANKLIN 52,378,607 50,924,450 52,743,195 54,724,082 55,509,747 1.44% T HONEY CREEK 147,858 147,004 166,684 164,844 164,271

  • 0.35%

T SPRING GREEN 155,016,100 154,998,600 165,584,000 171,617,900 180,393,700 5.11% T TROY 20,923,481 21,017,095 21,959,503 22,857,334 23,204,142 1.52% V PLAIN 64,930,200 64,534,500 65,710,000 64,378,200 66,558,800 3.39% V SPRING GREEN 146,072,000 139,351,100 153,001,500 153,863,200 158,159,700 2.79% 833,650,138 827,683,583 866,449,092 884,845,950 911,440,102 3.01% INCREASE/(DECRE ASE)

  • 0.90%
  • 1.62%
  • 0.72%

4.68% 3.01% Five Year Increase 9.33%

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TAX LEVY COMPARISON BY MUNICIPALITY

2016-2017 2017-2018 PERCENT LEVY TAX LEVY TAX LEVY OF LEVY CHANGE T BLACK EARTH $ 14,651.08 $ 13,956.16 0.15% (694.92)

  • 4.7%

T ARENA $1,412,513.21 $1,420,548.42 15.52% 8,035.21 0.6% T CLYDE $ 420,993.04 $ 389,897.64 4.26% (31,095.40)

  • 7.4%

T DODGEVILLE $ 2,883.19 $ 2,790.97 0.03% (92.22)

  • 3.2%

T RIDGEWAY $ 11,767.14 $ 11,525.14 0.13% (242.00)

  • 2.1%

T WYOMING $ 678,787.38 $ 668,554.80 7.30% (10,232.58)

  • 1.5%

V ARENA $ 418,647.00 $ 412,161.49 4.50% (6,485.51)

  • 1.5%

T BUENA VISTA $ 454,802.21 $ 453,459.16 4.95% (1,343.05)

  • 0.3%

T ITHACA $ 11,392.42 $ 11,263.64 0.12% (128.78)

  • 1.1%

V LONE ROCK $ 355,042.42 $ 348,705.90 3.81% (6,336.52)

  • 1.8%

T BEAR CREEK $ 563,522.15 $ 560,629.00 6.12% (2,893.15)

  • 0.5%

T FRANKLIN $ 569,878.20 $ 557,562.89 6.09% (12,315.31)

  • 2.2%

T HONEY CREEK $ 1,716.63 $ 1,650.01 0.02% (66.62)

  • 3.9%

T SPRING GREEN $1,787,171.15 $1,811,949.06 19.79% 24,777.91 1.4% T TROY $ 238,028.60 $ 233,072.01 2.55% (4,956.59)

  • 2.1%

V PLAIN $ 670,412.95 $ 668,544.16 7.30% (1,868.79)

  • 0.3%

V SPRING GREEN $1,602,279.67 $1,588,621.55 17.35% (13,658.12)

  • 0.9%

$9,214,488.44 $9,154,892.00 100.00% $ (59,596.44)

  • 0.6%
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Tax Rate Comparison to Surrounding Districts (2016-2017)

9.04 9.15 11.51 9.52 10.73 10.07 11.92 11.18 13.55

  • 2.00

4.00 6.00 8.00 10.00 12.00 14.00 16.00

2016-2017 TAX RATES

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Definition of Fund Balance

Fund balance represents the fund's total assets minus its liabilities. The fund may have liabilities, such as an accounts payable amount due to a supplier, and it may include receivables, a promise of receipt of future payments.

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District Fund Balance

2014- 2015 2015- 2016 2016- 2017 2017-2018 Projected

Beginning Fund Balance

$5,647,059 $5,963,198 $5,921,792 $5,568,407

Ending Fund Balance

$5,963,198 $5,921,792 $5,568,407 $5,703953

Fund Balance as % of Total Expenditures

31.9% 31.8% 30.0% 29.9%

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Fund 10 – General (Operating) Fund

  • Purpose is to account for daily activities of the

district business.

Audited 2015-2016 Unaudited 2016-2017 Budgeted 2017-2018 Total Revenues $15,601,188 $15,965,431 $15,754,962 Total Expenditures $15,642,594 $16,318,815 $15,619,416 Revenue-Expense Total

  • $41,406
  • $353,384

135,546.00 Beginning Fund Balance $5,963,198 $5,921,792 $5,568,407 Ending Fund Balance $5,921,792 $5,568,407 $5,703,953

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Fund 10 – General Fund Revenue

Audited 2015-16 Unaudited 2016-2017 Budgeted 2017-2018 Revenues Local Taxes $ 8,481,071 $ 9,261,594 $ 8,925,170 Other Local Revenue $ 149,474 $ 211,195 $ 174,710 WI Inter-District Payments $ 231,027 $ 357,570 $ 360,000 Other Intermediate Sources $ 9,276 $ 17,766.06 $ 18,500 State Categorical Aid $ 336,251 $ 463,250 $ 674,800 State Equalization Aid $ 5,560,313 $ 4,909,790 $ 4,939,467 Other State Revenue $ 353,109 $ 354,249 $ 374,561 Federal Revenue $ 288,788 $ 257,022 $ 233,954 Other Revenue $ 191,879 $ 55,955 $ 53,800 Total Revenues $ 15,601,188 $ 15,965,431 $ 15,754,962

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Fund 10 – General Fund Revenue 2017-2018

56.65% 1.11% 2.28% 0.12% 4.28% 31.35% 2.38% 1.48% 0.34% Local Taxes 56.65% Other Local Revenue 1.11% WI Inter-District Payments 2.28% Other Intermediate Sources 0.12% State Categorical Aid 4.28% State Equalization Aid 31.35% Other State Revenue 2.38% Federal Revenue 1.48% Other Revenue 0.34%

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Fund 10 – General Fund Expenses

Audited 2015-2016 Audited 2016-2017 Budgeted 2017-2018 Expenditures Salaries $6,658,671 $6,669,662 $6,289,989 Benefits $2,719,440 $2,672,953 $2,528,589 Purchased Services $3,448,499 $3,916,018 $4,001,764 Non-Capital Objects $459,271 $525,171 $571,015 Capital Objects $314,008 $85,553 $97,600 Insurance & Judgment $142,125 $137,947 $171,243 Transfers $1,856,610 $2,271,906 $1,912,301 Other $43,970 $39,605 $46,915 Total Expenditures $15,642,594 $16,318,815 $15,619,416

  • ‘Transfers’ includes amounts transferred to Fund 27 and Fund 50 to cover deficits.

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Fund 10 – General Fund Expenses 2017-2018

$6,289,989 $2,528,589 $4,001,764 $571,015 $97,600 $171,243 $1,912,301 $46,915 Salaries 40.27% Benefits 16.19% Purchased Services 25.62% Non-Capital Objects 3.66% Capital Objects 0.62% Insurance & Judgement 1.10% Transfers 12.24% Other 0.30%

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General Fund Expenditures

  • $15,619,416 in 2017-2018 (Budget)
  • 4.3% decrease from 2016-2017
  • 5 Year Prior Comparison
  • $16,318,815 in 2016-2017
  • $15,642,594 in 2015-2016
  • $15,458,742 in 2014-2015
  • $15,060,477 in 2013-2014
  • $14,762,186 in 2012-2013
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Fund 21 - Special Revenue Trust Fund

  • Purpose is to account for donor gifts for specified

uses.

Audited 2015-2016 Unaudited 2016-2017 Budgeted 2017-2018 Total Revenues $32,614 $50,866 $24,450 Total Expenditures $31,912 $53,288 $24,450 Revenue-Expense Total $702 ($2,422) $0 Beginning Fund Balance $93,111 $93,813 $91,391 Ending Fund Balance $93,813 $91,391 $91,391

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Fund 27 - Special Education

  • Accounts for special education programs and
  • perations.

Revenues Audited 2015-2016 Unaudited 2016-2017 Budgeted 2017-2018 Operating Transfers-In $1,792,459 $1,878,889 $1,878,248 Intermediate Sources $45,623 $4,139 $4,000 State Sources $698,398 $680,194 $700,000 Federal Sources $448,135 $407,967 $417,704 Total Revenues $2,984,615 $2,971,188 $2,999,952 Expenses Audited 2015-2016 Unaudited 2016-2017 Budgeted 2017-2018 Salary and Benefits $2,609,492 $2,523,152 $2,526,650 Other Objects $375,123 $448,037 $473,302 Total Expenses $2,984,615 $2,971,188 $2,999,952

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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%. Prepayment is allowed without penalty.

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Audited 2015-2016 Unaudited 2016-2017 Budgeted 2017-2018 Total Revenues $1,649,213 $526,809 $172,722 Total Expenditures $1,649,212 $526,809 $172,722 Revenue-Expense Total $1 $0 $0 Beginning Fund Balance $15 $16 $16 Ending Fund Balance $16 $16 $16

Fund 38 debt balance as of June 30, 2017 is $1,412,964.

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Fund 39 – Referendum Debt

The River Valley School District has elected to call the last two years of its Referendum Debt early, therefore the high school bonded debt is paid in full as of June 30, 2016.

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Audited 2015-2016 Unaudited 2016-2017 Budgeted 2017-2018 Total Revenues $1,340,009 $13 $0 Total Expenditures $1,349,996 $8,268 $0 Revenue-Expense Total ($9,987) ($8,255) $0 Beginning Fund Balance $18,242 $8,255 $0 Ending Fund Balance $8,255 $0 $0

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Fund 50 – Food Service

Revenues Audited 2015-2016 Unaudited 2016-2017 Budgeted 2017-2018 Operating Transfer In $50,773 $38,932 $34,053 Pupil Breakfast $10,856 $10,114.20 $11,000 Pupil Lunches $184,873 $194,720 $197,916 Pupil a la Carte $100,139 $83557 $90,000 Adult Lunches $0 $0 $0 Catering $7,314 $6.825 $7,200 Total Food Sales $303,182 $294,324 $306,116 Other Local $1,237 $0 $0 State Sources (Food Service Aid) $10,898 $10,763 $11,000 Fresh Fruit & Veggie Grant $4,740 $0 $0 Federal Sources (Food Service Aid) $253,352 $233,006 $235,000 Total Revenues $624,182 $578,301 $586,169 Expenses Salaries and Benefits $305,796 $302,247 $297,696 Other Expenses $318,386 $307,000 $288,473 Total Expenses $624,182 $609,247 $586,169

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Fund 72 – Scholarship Trust Fund

  • Purpose is to account for donor gifts for

scholarships.

Audited 2015-2016 Unaudited 2016-2017 Budgeted 2017-2018 Total Revenues $15,252 $12,584 $17,100 Total Expenditures $10,900 14,800 $17,100 Revenue-Expense Total $4,352 ($2,216) $0 Beginning Fund Balance $25,812 $30,164 $27,948 Ending Fund Balance $30,164 $27,948 $27,948

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Fund 80 – Community Service Fund

  • Purpose is to account for activities for community

uses.

Audited 2015-2016 Unaudited 2016-2017 Budgeted 2017-2018 Total Revenues $102,096 $104,553 $103,000 Total Expenditures $102,096 $104,553 $103,000 Revenue-Expense Total $0.00 $0.00 $0.00 Beginning Fund Balance $0.00 $0.00 $0.00 Ending Fund Balance $0.00 $0.00 $0.00

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Fund 80 – Community Service

The purpose and dollar amount for all planned expenditures from the district's Fund 80 for the 2017-18 fiscal year Middle School community athletics $56,735 RV TV $ 1,780 RV Eschool $27,000 Musical $10,545 School Fair $ 5,190 Social worker $ 850 Weight room supervisor $ 900 $103,000

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