Winona Area Public Schools

2014-15 Preliminary Budget As of June 19, 2014

Winona Area Public Schools 2015 Preliminary Budget

What’s New?

• • • Budget Book – explains revenue sources and program expenditures Pupil Weightings Revenues – Full K Funding SPED Subsidy Aid

Winona Area Public Schools 2015 Preliminary Budget

Budget Process

Cycle runs from Fall of 2013 to Winter of 2015 From Initial Discussions to Audit

Winona Area Public Schools 2015 Preliminary Budget

General Fund

Does not include : School Nutrition Community Ed Construction Debt Service Agency OPEB

Winona Area Public Schools 2015 Preliminary Budget

General Fund Revenues

THREE BROAD SOURCES 1) State Aids 2) 3) Federal Aids Local Sources

REVENUES

Federal Aids 3% Local Revenues 4% Levies 21% State Aids 72% Levies State Aids Federal Aids Local Revenues

Winona Area Public Schools 2015 Preliminary Budget

General Fund Revenues

#1 Driver of GF Revenue

ENROLLMENT

2015 Budgeted Enrollment 3,095 ADM’s (including SPED EC) BASIC FORMULA AID $19,806,003

Winona Area Public Schools-Budgeted Enrollment

4 000,00 3 500,00 3 000,00 3 675,08 3 552,24 3 434,14 3 321,45 3 267,17 3 184,10 3 108,56 3 096,26 3 004,22 2 953,87 2 500,00

Revenues – General Fund

TYPE Local Taxes Projected 2013-14

$ 6,812,484

Projected 2014-15

$ 7,250,145 +6.42%

State Aids Federal Aids Local Revenue

$ 27,111,578 $ 1,528,443 $ 1,880,451 $ 28,142,305 +3.80% $ 1,461,209 -4.4% $ 1,508,290 -19.9%

TOTAL

$ 37,332,957 $ 38,361,948 +2.76%

Winona Area Public Schools 2015 Preliminary Budget

Expenditures

• • • • •

Salaries Benefits Services Supplies Equipment & Capital

•

Other

Winona Area Public Schools 2015 Preliminary Budget

Expenditures by Type

Salaries Benefits Services Supplies Equipment & Capital Other Total $ 24,072,395 $ 8,392,359 $ 4,708,374 $ 819,643 $ 536,693 $ 264,713 $ 38,794,492

12%

Expenditures

2% 0% 8%

Expenditures

57% 21% Salaries Benefits Services Supplies Capital Other

Expenditures by Program

Sites & Buildings 13% Administration 8% Instruction Support Administration Sites & Buildings Support 16% Instruction 63%

Expenditures – General Fund UR

TYPE Salaries Projected 2013-14

$ 23,641,880

Projected 2014-15

$ 24,072,935 +1.8%

Benefits Services Supplies

$ 8,025,645 $ 5,149,292 $ 901,981 $ 8,392,359 +4.6% $ 4,708,689 -8.6% $ 819,643 -9.1%

Capital/Other TOTAL

$ 778,638 $ 38,497,436 $ 801,406 +10% $ 38,794,492 +.8%

Winona Area Public Schools 2015 Preliminary Budget

Unreserved General Fund

Some new Programs and Expenditures were requested. Those could not be added without a corresponding expenditure decrease or revenue increase.

This budget includes the following changes:

Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund

Additions:

Technology Integrationist

Estimated Cost

$ 75,000 School Based Mental Health Pre-School Generalist Shift $ 28,550 $ 46,052 Pathways Program Cost Incr Elementary Counseling (.3) WMS .5 Teacher (Spanish) Total $ 13,000 $ 17,100 $ 26,000 $205,702

Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund

Reductions

Grant Resource Office High School Teaching FTE Elementary Teaching FTE EL Teaching .5 FTE Assistive Tech .2 FTE Season Pass Cost Increase Student Parking Fees Increase Total $

Est Savings

53,000 $ $ $ $ $ 52,000 52,000 26,000 10,000 5,000 $ 3,000 $ 201,000

Winona Area Public Schools 2015 Preliminary Budget

Unreserved General Fund REVENUES EXPENDITURES $ 38,361,949 $ 38,794,492 QZAB Payment $ 77,000 NET $ (509,544) Projected ending 2015 Fund Balance $ 5,486,399 14.14%

Future Budgets

• • •

The Fund Balance goal is two months of operating expenses or 16.67% After 2015, the fund balance will be about 2.5% below that target, which is in accordance with contract settlement targets

• • •

With declining revenues due to declining enrollment, it is estimated $2,900,000 in budget adjustments will have to be made over the next four years in 2016-2019, factors include:

•

Enrollment – dropping 226 students in five years

•

Class Size Contract Settlements State Funding - Assuming 1% formula increase Site Plans

Next Steps

• • • • •

2013-14 Audit Produces beginning fund balances Project Enrollment from 2015-2019 Five-Year forecast Budget Reduction Process

•

QUESTIONS