Transcript TWO RIVERS PUBLIC SCHOOLS

TWO RIVERS PUBLIC
SCHOOL DISTRICT
2014-15 BUDGET HEARING
2014-15 BUDGET SUMMARY
Tentatively Approved Budget - Fund 10
Facility and Technology Budget
$17,962,373
$20,000
2013-14 Tax Levy (all funds)
2014-15 Projected Tax Levy (all funds)
Total Tax Levy Decrease
$5,764,329
$5,738,813
($25,516)
% of Tax Levy Decrease
Fund 10 Decrease
Fund 38 Increase
Fund 39 Decrease
Fund 80 Increase
(0.44%)
($7,570)
$364
($18,310)
$0
MILL RATE COMPARISON
2014-15
LEVY
Total levy – all funds – projected
2014-15 Projected Operating Levy
2014-15
Mill Rate
2013-14
Mill Rate
$3,380,750
$5.96
$5.98
2014-15 Debt Service Levy:
2004 Bonds (Feb. issue)
2011 Bonds
2012 Bonds
2013 Bonds
0
213,300
1,314,400
498,750
0.00
0.38
2.32
0.88
0.78
0.38
2.32
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
2013-14 Tax Levy
$5,764,329
$10.18
Projected decrease in Mill Rate
Projected decrease in Tax Levy
$10.18
($0.05)
($25,516)
Based on an estimated 0.00% increase in equalized value of property.
Energy Efficiency Exemption
REVENUE 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
WPPI (Estimated)
$11,118.22
$10,887.80
HISTORY OF TAX LEVY AND MILL RATES
School
Year
Tax
Levy
Equalized
Tax Rate
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
6,102,111
6,011,298
6,081,296
5,658,665
5,747,267
5,782,468
5,893,686
6,195,497
6,069,695
5,979,398
6,020,330
5,764,329
10.77
10.49
10.39
9.71
9.69
9.69
9.49
9.69
9.92
9.91
10.39
10.18
2014-15
5,738,813
10.13
MILL RATE HISTORY
11.00
10.50
10.00
9.50
9.00
8.50
2002- 2003- 2004- 2005- 2006- 2007- 2008- 2009- 2010- 2011- 2012- 2013- 201403 04 05 06 07 08 09 10 11 12 13 14 15
SCHOOL YEAR
Year
2001-02
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
Equalization Aid
$11,827,770
$12,198,129
$12,714,702
$13,033,844
$13,882,530
$14,175,180
$14,553,143
$14,578,695
$13,941,129
$13,711,359
$12,465,898
$11,909,640
$12,369,222
$12,534,394
STATE AID HISTORY
15,000,000
14,000,000
13,000,000
12,000,000
11,000,000
10,000,000
STATE AID & TAX LEVY TREND
State Aid
16,000,000
14,000,000
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
0
Tax Levy
2002- 2003- 2004- 2005- 2006- 2007- 2008- 2009- 2010- 2011- 2012- 2013- 201403 04 05 06 07 08 09 10 11 12 13 14 15
HOW THE BUDGET IS FUNDED
Other
$130,395
Local
$3,474,664 Open
Enrollment
$350,298
Grants
$1,631,523
State Aid
(Equalization &
Categorical)
$13,805,195
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
2000-01
2001-02
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
Revenue
$102,514
$139,123
$167,712
$140,235
$199,734
$250,035
$300,847
$277,682
$331,170
$340,892
$371,686
$343,349
$345,222
$350,298
$350,298
Expense
$53,752
$62,114
$91,544
$95,940
$103,844
$121,723
$121,470
$218,178
$272,178
$349,094
$353,062
$443,556
$426,375
$533,285
$533,285
** 2014-15 Revenue and Expense is based on previous year.
Amounts will be updated after 3rd Friday Count.
Net
$48,762
$77,009
$76,168
$44,295
$95,890
$128,312
$179,377
$59,504
$58,992
($8,202)
$18,624
($100,207)
($81,153)
($182,987)
($182,987)
OPEN ENROLLMENT HISTORY
$600,000
$500,000
$400,000
$300,000
Revenue
Expense
$200,000
$100,000
$0
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:
student)
$102,842.50 ($6,635 per
Range 4K – 9
Current programming:
and/or blended
virtual, home-school
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
% BUDGET INCREASE
$269,393
1.53%
BUDGET CUTS / SAVINGS TO BALANCE THE 2014-15 BUDGET
Second payment for back-up system - paid from Fund Balance
Supplemental Special Education Aid
Building Budget savings rolled over to 2014-15
Reduction of a Special Education Aide at L.B. Clarke
Transfer of a teacher to Title I grant at Magee
Reduction of Family and Consumer Education at L.B. Clarke
Deduction of increase for utilities - energy upgrades
Overload savings for 2014-15
Health Insurance Renewal Savings
TOTAL BUDGET CUTS / SAVINGS:
$24,030
125,000
90,000
9,162
82,231
70,371
20,280
22,516
248,279
$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
FUND BALANCE APPROPRIATION:
Expenditure for Back Up System
Building Budget Savings from 2013-14
TOTAL FUND BALANCE APPROPRIATION
$2,822,289
$24,030
90,000
$114,030