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School District of Mauston. 2014-15 Budget. Fund 10 General Fund. Balanced Budget at $16,529,480 Fund Balance $3,966,851 or 24% of Fund 10 Expenditures (Sale of Tech Ed House - $169,767) (Close Out of Fund 73 Trust - $61,562) (High Deductible Insurance Savings - $111,128) - PowerPoint PPT Presentation
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School District of Mauston
2014-15 Budget
General(Fund 10)
Special Projects(Fund 20)
Debt Service(Fund 30)
Capital Projects(Fund 40)
Food Service (Fund 50)
Community Service (Fund 80)
FUNDS USED
Fund 10General Fund
Balanced Budget at $16,529,480
Fund Balance $3,966,851 or 24% of Fund 10 Expenditures
(Sale of Tech Ed House - $169,767)
(Close Out of Fund 73 Trust - $61,562)
(High Deductible Insurance Savings - $111,128)
(Open Enrollment - $166,773)
Why Do We Have a Fund Balance?• Avoid excessive short term borrowing
• Be able to make unforeseen one time expenditures
• Enhance bond rating
How Large Should It Be?
From the DPI: “An amount sufficient that short term borrowing for cash flow could be avoided and would also allow the district to set aside sufficient assets to realize its longer range goals.”
Grants2013-14 2014-15
Youth Apprenticeship - $19,305 Youth Apprenticeship - $16,677
Carl Perkins - $16,899 Carl Perkins – $16,899
Rural Low Income Achievement Grant - $30,946OMS Taste Testing Grant - $1,200
Native American Grant - $6,071 Native American Grant - $10,932
2 Smarter Lunchrooms Grants - $1,000 2 Fresh Fruit & Vegetable Grants - $29,733
2 Fresh Fruit & Vegetable Grants - $ 30,090 Montessori Charter School Grant - $150,000
Second Harvest Grant $2,500
Total = $106,811 Total = $225,441
Fund 21Special Projects Fund
Donations for 2013-14 Approved at Board of Education Meetings
$31,885
Plus Donation of School Sign by Booster Club for $30,000
Funds 38 & 39Long-Term Debt
Balance as of 6/30/14 - $12,635,000
Paid Off: Technology Loan - $24,704 and Tractor Loan - $20,000
One Payment Left in 2014-15: WRS Unfunded Liability - $150,000
New Loans: Technology Loan - $170,000 and Booster Club Sign - $30,000
Bond Issues Paid Off In 2020 - $12,285,000
Fund 50Food Service Fund
Deficit - $67,968
Only $670 Left in Fund 50 Fund Balance
New In Food Service
New Rule for Smart Snacks Effective 7/1/2014:
Fundraisers must meet the federal guidelines during the school day.
Community Eligible Provision (CEP):
Eligible if District or School 40% Direct Certification
School Wellness PoliciesMinimum Requirements:
• Include goals for nutrition promotion and education/physical activity.
• Include nutrition guidelines to promote student health and reduce childhood obesity.
• Permits parents, students, staff, professionals and public to develop, implement and review policies.
• Informs and updates public.
• Checks periodically for compliance.
After School Snacks and Summer Meals 2013-14
9,774 snacks given away since Nov.
LOOKING FOR VENDING MACHINE
2013-14
Summer meals served- 12,822
Breakfast – 3,423
Lunch – 9,399
Last year – 10,627 Meals
What’s New2013 Wisconsin Act 20
$150 Per Pupil Aid (Outside the Revenue Cap)
Community Program and Services Fund (Fund 80):
Pre-Audit of Fund 80 for the Audit
Fund 80 Expenditures Must be Audited by Independent Audit Firm
Strongly Encourages Districts to Post Fund 80 Information on Website
Affordable Care Act
Regulations Still on Hold!
The District is Preparing:
All employees on the same health plan now.
Membership
Head Count is UP
Programs Contributing:
JEDI – Online Virtual School
iLEAD
Open Enrollment
Open Enrollment2012-13
In - $471,985
Out - $482,547
Net – ($10,562)
2013-14
In - $520,031
Out - $330,214
Net - $189,817
Equalization Aid
Actual 2013-14 Projected 2014-15
$8,231,565 $8,895,901
Tax Levy2014-15
Fund 10$5,150,666
Fund 39$2,418,813
Fund 41$ 75,800
Fund 80$ 87,278
TOTAL $7,732,557 (Down -7.56%)
Property Values/Mil RateProperty Value Estimate Put Together By Baird: (Up 4.1%)
Fall 2013 Actual - $623,035,818 Fall 2014 Estimate - $648,690,561
2013-14 Mil Rate - $13.43/$1,000
2014-15 Mil Rate - $12.41/$1,000
Taxes on property valued at $100,000 would be $1,241.
Questions?