20
TWO RIVERS PUBLIC SCHOOL DISTRICT 2014-15 BUDGET HEARING

TWO RIVERS PUBLIC SCHOOL DISTRICT 2014-15 BUDGET HEARING

Embed Size (px)

Citation preview

TWO RIVERS PUBLIC SCHOOL DISTRICT

2014-15 BUDGET HEARING

2014-15 BUDGET SUMMARY

Tentatively Approved Budget - Fund 10 $17,962,373Facility and Technology Budget $20,000

2013-14 Tax Levy (all funds) $5,764,329

2014-15 Projected Tax Levy (all funds) $5,738,813 Total Tax Levy Decrease ($25,516)

% of Tax Levy Decrease (0.44%)

Fund 10 Decrease ($7,570)Fund 38 Increase $364Fund 39 Decrease ($18,310)

Fund 80 Increase $ 0

MILL RATE COMPARISON 2014-15 2014-15

2013-14Total levy – all funds – projected LEVY Mill Rate

Mill Rate

2014-15 Projected Operating Levy $3,380,750 $5.96 $5.98

2014-15 Debt Service Levy:2004 Bonds (Feb. issue) 0 0.00 0.782011 Bonds 213,300 0.38 0.382012 Bonds 1,314,400 2.32 2.322013 Bonds 498,750 0.88 0.13

2014-15 Debt Service Levy (Fund 38) $218,238 0.39 0.39

2014-15 Community Service Fund Levy (Police School Liaison Officers) $113,375 0.20 0.20

2014-15 Projected Tax Levy $5,738,813 $10.13 $10.18

2013-14 Tax Levy $5,764,329 $10.18

Projected decrease in Mill Rate ($0.05) Projected decrease in Tax Levy

($25,516)

Based on an estimated 0.00% increase in equalized value of property.

Energy Efficiency ExemptionREVENUE LIMIT EXEMPTION BACKGROUND: 2009 Wisconsin Act 28, the 2009-11 biennial budget bill, created a revenue limit exemption that allows a school district to increase its revenue limit by the amount spent by the school district in that school year on energy efficiency measures, and renewable energy products, that result in the avoidance of, or reduction in, energy costs.

2014-15 Projected Tax Levy includes $100,000 for energy efficiency upgrades completed at all four schools.

TWO RIVERS HIGH SCHOOL: Exterior Sign: Replaced LED Message Board Exterior Lighting on Building: Replaced Wall Packs with LED Lights Parking Lot Lights: Replaced with LED lights

L.B. CLARKE MIDDLE SCHOOL: Interior Lighting: Replaced all lights with 28 watt light bulbs, changed 80

ballasts Exterior Lighting on Building: Replaced Wall Packs with LED Lights Parking Lot Lights: Replaced with LED lights Domestic Hot Water Heaters: Removal and replacement of two hot water

heaters

Energy Efficiency Exemption

MAGEE ELEMENTARY SCHOOL: Interior Lighting: Replaced all lights with 28 watt light bulbs, changed 300

ballasts Exterior Lighting on Building: Replaced Wall Packs with LED Lights Parking Lot Lights: Replaced with LED lights

KOENIG ELEMENTARY SCHOOL:

Exterior Lighting on Building: Replaced Wall Packs with LED Lights Parking Lot Lights: Replaced with LED lights

REBATES:

Focus on Energy $11,118.22WPPI (Estimated) $10,887.80

HISTORY OF TAX LEVY AND MILL RATES

School Tax EqualizedYear Levy Tax Rate

     

2002-03 6,102,111 10.77

2003-04 6,011,298 10.49

2004-05 6,081,296 10.39

2005-06 5,658,665 9.71

2006-07 5,747,267 9.69

2007-08 5,782,468 9.69

2008-09 5,893,686 9.49

2009-10 6,195,497 9.69

2010-11 6,069,695 9.92

2011-12 5,979,398 9.91

2012-13 6,020,330 10.39 2013-14 5,764,329 10.18

2014-15 5,738,813 10.13

8.50

9.00

9.50

10.00

10.50

11.00

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

SCHOOL YEAR

MILL RATE HISTORY

YearEqualization

Aid2001-02 $11,827,770 2002-03 $12,198,129 2003-04 $12,714,702 2004-05 $13,033,844 2005-06 $13,882,530 2006-07 $14,175,180 2007-08 $14,553,143 2008-09 $14,578,695 2009-10 $13,941,129 2010-11 $13,711,359 2011-12 $12,465,898 2012-13 $11,909,640 2013-14 $12,369,222 2014-15 $12,534,394

10,000,000

11,000,000

12,000,000

13,000,000

14,000,000

15,000,000

STATE AID HISTORY

02,000,0004,000,0006,000,0008,000,000

10,000,00012,000,00014,000,00016,000,000

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

STATE AID & TAX LEVY TRENDState Aid Tax Levy

Local $3,474,664 Open

Enrollment $350,298

Grants $1,631,523

State Aid (Equalization &

Categorical)

$13,805,195

Other $130,395

HOW THE BUDGET IS FUNDED

LOCAL 17.92%OPEN ENROLLMENT 1.81%GRANTS (Federal & State) 8.41%STATE (Equalization/Categorical Aid) 71.19%OTHER 0.67%

 

OPEN ENROLLMENT School Year Revenue Expense

Net

2000-01 $102,514 $53,752 $48,762

2001-02 $139,123 $62,114 $77,009

2002-03 $167,712 $91,544 $76,168

2003-04 $140,235 $95,940 $44,295

2004-05 $199,734 $103,844 $95,890

2005-06 $250,035 $121,723 $128,312

2006-07 $300,847 $121,470 $179,377

2007-08 $277,682 $218,178 $59,504

2008-09 $331,170 $272,178 $58,992

2009-10 $340,892 $349,094 ($8,202)

2010-11 $371,686 $353,062 $18,624

2011-12 $343,349 $443,556 ($100,207)

2012-13 $345,222 $426,375 ($81,153)

2013-14 $350,298 $533,285 ($182,987)

2014-15 $350,298 $533,285 ($182,987)

** 2014-15 Revenue and Expense is based on previous year. Amounts will be updated after 3rd Friday Count.

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

OPEN ENROLLMENT HISTORY

Revenue

Expense

LIGHTHOUSE LEARNING ACADEMY

Programming for Two Rivers residents who are open enrolled to other districts for virtual schools or were home-schooled

Student enrollment – 15.5

Cost Savings: $102,842.50 ($6,635 per student)

Range 4K – 9

Current programming: virtual, home-school and/or blended

FUND 10 BUDGET INCREASE INFORMATION

2013-14 Actual General Fund Expenditures $17,638,724

Less: Amount paid from Fund Balance ($59,774)

Net 2013-14 Expenditures-Excluding Fund Balance $17,578,950

2014-15 Budgeted General Fd Expenditures $17,962,373

Less: Amount budgeted from Fund Balance ($114,030)

Net 2014-15 Expenditures-Excluding Fund Balance $17,848,343

TOTAL BUDGET INCREASE $269,393

% BUDGET INCREASE 1.53%

BUDGET CUTS / SAVINGS TO BALANCE THE 2014-15 BUDGET

Second payment for back-up system - paid from Fund Balance $24,030 Supplemental Special Education Aid 125,000 Building Budget savings rolled over to 2014-15 90,000 Reduction of a Special Education Aide at L.B. Clarke 9,162Transfer of a teacher to Title I grant at Magee 82,231Reduction of Family and Consumer Education at L.B. Clarke 70,371Deduction of increase for utilities - energy upgrades 20,280Overload savings for 2014-15 22,516Health Insurance Renewal Savings 248,279

TOTAL BUDGET CUTS / SAVINGS: $691,869

FUND 73 – EMPLOYEE BENEFIT TRUST FUND SUMMARY

Balance of the trust – June 30, 2014 $491,349.60

Investment Return – June 30, 2014 $15,743.63

Contributions – July 1, 2013 to June 30, 2014 $787,481.23

Distributions – July 1, 2013 to June 30, 2014 $747,240.51

Investment Manager: Trust Administrator: MidAmerica Administrative &

Retirement Solutions, Inc. Custodians of the Trust: AUL – Rate of Return 2.50%

FUND 10 - FUND BALANCE SUMMARY

2014-15 BEGINNING FUND BALANCE $2,936,319

Budgeted Revenue - General Fund 17,848,343

Budgeted Expenses - General Fund (17,962,373)

2014-15 BUDGETED ENDING FUND BALANCE $2,822,289

FUND BALANCE APPROPRIATION: Expenditure for Back Up System $24,030

Building Budget Savings from 2013-14 90,000

TOTAL FUND BALANCE APPROPRIATION $114,030