KAUKAUNA AREA Monday, October 28, 2013 5:30 pm SCHOOL DISTRICT Bob Schafer Financial Officer, 2 0 1 3 - 2 0 1 4 B U D G E T P R E S E N T A T I O N KASD
2013-2014 BUDGET HEARING OVERVIEW • The procedures which common, union high, and unified school districts should follow in formulating a budget, holding a public hearing, and adopting a budget are set forth in s. 65.90, Wis. Stats. The steps involved in these required procedures are summarized as follows. The staff and school board create a proposed budget that identifies expected revenues, • expenditures, and fund balances for the budgeted year in addition to the two fiscal years preceding the budgeted fiscal year. Budget detail is based upon the Wisconsin Uniform Financial Reporting Requirements (WUFAR) hierarchy of accounts. A class 1 notice (one publication) is published which contains a summary of the proposed budget • described above, notice of where the detailed budget may be examined, and notice of the time and place of the public hearing. Common and union high school districts must hold the budget hearing at the time and place of the annual meeting. The public hearing is held, at which time, residents of the district have an opportunity to comment • on the proposed budget. The school board shall adopt an original budget at a school board meeting scheduled after the • public hearing and no later than the meeting in which the school board sets the annual tax levy amount. • For KASD the official 2013-2014 budget hearing and tax levy will be set at the October 28, 2013, Board of Education meeting.
FUND 10 – GENERAL OPERATING FUND BUDGET BASICS • Fund 10 • Fund 10 encompasses all general education expenditures for a Wisconsin public school district. Per DPI, the general fund is used to account for all financial transactions relating to the district’s current operations, except for those required to be accounted for in other funds. • Fund 10 will, in the end, cover any budget shortfalls that may develop in other funds such as special education (Fund 27) or food service (fund 50). • Fund 10 will make up the District’s Fund Balance at the end of each fiscal year. Other funds may or may not carry a fund balance but the focus of a district’s carryover money is based in Fund 10.
FUND 10 – GENERAL OPERATING FUND REVENUE HISTORY AND PROJECTION • Fund 10 Revenue • Below is summary of District revenues in Fund 10 over the past six years and the expected revenue for 2013-2014 • Figures for the 2013-14 budget shown include over expending the revenue limit by $520,000 through the use of prior year tax levy carryover funds KASD Fund 10 Revenue History $43,000,000 $42,000,000 $41,000,000 $39,191,759 $42,305,862 $39,826,311 $41,230,689 $39,895,159 $40,658,986 $40,000,000 $41,236,862 $39,000,000 $38,000,000 $37,000,000 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
FUND 10 – GENERAL OPERATING FUND 2013-2014 PROJECTED REVENUE • General operating revenue by source • DPI utilizes source codes to standardize among school districts where funds are received from. Minimum source codes are as follows: • 100 Operating transfer in (from one fund to another fund) • 200 Revenue from local sources (property tax) • 300 Revenue from interdistrict sources (other school districts) • 500 Revenue from intermediate sources (CESAs) • 600 Revenue from state sources (equalized aid, etc) • 700 Revenue from federal sources (Title funds, grants) • 900 Other revenues (prior year revenues, refunds, adjustments)
FUND 10 – GENERAL OPERATING FUND 2013-2014 PROJECTED REVENUE KASD - FUND 10 REVENUE BY SOURCE 2013-14 2012-13 2011-12 2010-11 Original Budget FY Activity FY Activity FY Activity 100 Operating transfer in $ 34,628.00 0.08% 200 Local sources $ 14,281,501.99 34.64% $ 14,101,946.83 35.41% $ 13,694,973.63 33.68% $ 12,943,674.20 30.60% 300 Intermediate sources $ 517,791.40 $ 513,498.00 $ 377,008.16 $ 419,761.88 1.26% 1.29% 0.93% 0.99% 400 Other revenues $ 20,000.00 $ 25,511.90 $ 25,439.71 0.05% 0.06% 0.06% 0.00% 600 State sources $ 25,628,599.00 62.16% $ 23,959,824.94 60.16% $ 24,819,435.49 61.04% $ 27,608,550.98 65.26% 700 Federal sources $ 669,190.73 $ 876,060.27 $ 1,633,237.06 $ 1,127,260.25 1.62% 2.20% 4.02% 2.66% 800 Other fed sources 0.00% 0.00% $ 2,100.00 0.01% $ 92,996.30 0.22% 900 Other revenues $ 113,606.03 $ 349,469.44 $ 106,792.02 $ 78,299.94 0.28% 0.88% 0.26% 0.19% Total Revenue $ 41,230,689.15 $ 39,826,311.38 $ 40,658,986.07 $ 42,305,171.55 2013-14 Fund 10 revenues are 2013-2014 General Fund budgeted at $41.2 million or $1.4 Revenue By Source million more than 2012-13 actuals. 1.62% 0.28% 0.00% Operating transfer in Local sources $520,000 of the $1.4 million is coming Intermediate sources 34.64% from tax levy carryover from previous Other revenues years that was not used. 62.16% State sources 1.26% Federal sources 0.05% Other fed sources
FUND 10 – GENERAL OPERATING FUND 2013-2014 MAJOR REVENUE CHANGES • Significant changes in Fund 10 revenue from 2012-13 to 2013-14 include: • Property tax levy increase of $165,635 • State equalization aid increase of $1,677,885 • Recently passed tax relief bill increased this figure by $187,957 over the original estimate • Charter school grant funding (and associated expenditures) has been removed from the operating budget ($400,000) • Workers’ compensation insurance dividend adjusted to new guarantees which cut the revenue by $30,000 • $275,000 booked into 2012-13 revenue from the closure of a Village of Little Chute TIF District – final check came in at $363,000 which pushed $88,000 in revenue to the 2013-14 operating budget • Revenues in Fund 10 show an increase of 3.53% from 2012-13 to 2013-14
FUND 10 – GENERAL OPERATING FUND GENERAL OPERATING EXPENDITURES • Fund 10 Expenditures • The 2013-14 general education operating expenditures for KASD are budgeted at $36,446,019, up from $36,340,003 of actual 2012-13 costs. The budget to actual difference is $106,016 or 0.29% increase. • 2012-13 expenditures included $1.1 million for the renovation of Park School. Removing the Park School cost the 2012-13 general education expenditures would have been $35,240,003. • Eliminating the Park School capital cost the 2012-13 budget to 2013- 14 actual difference is $1,206,016 or a 3.42% increase. • The Fund 10 operating budget also includes a $4.78 million transfer to Fund 27, special education, to balance that account. • The 2012-13 actual special education transfer from Fund 10 was $4,543,725. Given current revenue projections it will cost Fund 10 5.3% more for the transfer of funds to balance the special education account for 2013-14 compared to 2012-13.
FUND 10 – GENERAL OPERATING FUND EXPENDITURE HISTORY FUND 10 - GENERAL EDUCATION OPERATING EXPENDITURES 2013-14 2012-13 2011-12 2010-11 2009-10 2008-09 % of Fund % of Fund % of Fund % of Fund % of Fund % of Fund Expense Object Original Budget 10 budget FY Activity FY Activity FY Activity FY Activity FY Activity 10 budget 10 budget 10 budget 10 budget 10 budget 100 SALARIES $ 17,577,039.34 48.23% $ 16,612,066.56 45.71% $ 16,208,675.51 48.05% $ 17,346,129.18 46.61% $ 17,606,901.57 47.05% $ 18,274,180.08 51.09% 200 EMPLOYEE BENEFITS $ 6,816,110.44 18.70% $ 6,239,411.23 17.17% $ 7,039,165.31 20.87% $ 9,078,556.34 24.39% $ 9,178,649.12 24.53% $ 8,671,025.55 24.24% 300 PURCHASED SERVICES $ 9,956,006.54 27.32% $ 9,964,232.87 27.42% $ 7,792,146.50 23.10% $ 8,176,160.02 21.97% $ 7,755,663.92 20.73% $ 6,240,927.32 17.45% 400 NON-CAPITAL OBJECTS $ 1,568,730.50 4.30% $ 2,552,479.00 7.02% $ 1,649,508.86 4.89% $ 1,802,952.73 4.84% $ 1,595,747.47 4.26% $ 1,395,945.09 3.90% 500 CAPITAL OBJECTS $ 198,111.93 0.54% $ 688,681.78 1.90% $ 293,532.60 0.87% $ 295,504.95 0.79% $ 708,809.76 1.89% $ 531,896.41 1.49% 600 DEBT RETIREMENT 0.00% 0.00% $ 318,199.14 0.94% $ 109,696.69 0.29% $ 169,110.42 0.45% $ 289,252.00 0.81% 700 INSURANCE & JUDGMENTS $ 261,427.00 0.72% $ 221,893.69 0.61% $ 322,541.90 0.96% $ 281,927.20 0.76% $ 316,359.59 0.85% $ 267,502.08 0.75% 900 OTHER OBJECTS $ 68,594.06 0.19% $ 61,238.33 0.17% $ 108,223.80 0.32% $ 124,409.05 0.33% $ 90,320.20 0.24% $ 98,148.53 0.27% GENERAL OPERATIONS $ 36,446,019.81 $ 36,340,003.46 $ 33,731,993.62 $ 37,215,336.16 $ 37,421,562.05 $ 35,768,877.06 800 TRANSFER TO FUND 27 - SPEC ED 4,784,669.34 4,543,725.18 4,357,633.77 4,378,446.13 3,805,957.82 4,062,337.92 • The 2013-14 Fund 10 expenditure budget is up $106,016 over the 2012-13 costs. Salary and benefit costs budgeted for 2013-14 account for 66.93% of the Fund 10 • budget which is up from 62.88% in 2012-13. The capital objects budget, by comparison, is down $455,000 from 2012-13 to 2013-14. • This is a direct result of Park School’s renovation costs.
FUND 10 – GENERAL OPERATING FUND 2013-14 EXPENDITURE BY OBJECT (%) 2013-14 Fund 10 Expenditure by Object 0.72% 0.00% 0.19% 0.54% 4.30% SALARIES EMPLOYEE BENEFITS 27.32% PURCHASED SERVICES 48.23% NON-CAPITAL OBJECTS CAPITAL OBJECTS DEBT RETIREMENT INSURANCE & JUDGMENTS OTHER OBJECTS 18.70%
Recommend
More recommend
