2014-15 Proposed Budget. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance & SB...
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Transcript of 2014-15 Proposed Budget. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance & SB...
![Page 1: 2014-15 Proposed Budget. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance & SB Budget Hearing/Annual Meeting in Sept. Budget Finalized.](https://reader033.fdocuments.us/reader033/viewer/2022052913/56649e345503460f94b231cb/html5/thumbnails/1.jpg)
2014-15Proposed Budget
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July 1 - June 30 DISTRICT BUDGET
Budget Approved in August by Finance & SBBudget Hearing/Annual Meeting in Sept.Budget Finalized in October by Board
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Actuarial Valuation of Prior Post Employment Benefits
Student Enrollment - 3rd Friday in September
Property Value – October 1State Aid - October 15Transfer of ServiceNeeds of the District
Budget Factors
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1997-98
1998-99
1999-00
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
2350
2400
2450
2500
2550
2600
25502560
2571 2566
25352526
2535 2536
2505
2486 24812475
2467 2463 24622473
2455
2425
Revenue Limit Membership (3 year average)
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Property Values
2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
$1,198,853,628
$1,273,936,016
$1,300,392,680$1,321,874,401
$1,263,139,024$1,245,693,492
$1,147,127,852$1,140,177,336
$1,117,373,789
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Estimated State Aid
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-1511000000
11500000
12000000
12500000
13000000
13500000
14000000
14500000
15000000
$12,275,697
$12,943,747$12,942,867
$13,691,185$13,698,377
$14,128,181$14,408,307
$13,872,778
$13,516,834
$12,234,555
$12,713,521
$13,899,117
$13,445,860
State Aid
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2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
-2,000,000
-1,000,000
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
910,9071,229,423
1,500,000 1,500,000
2,650,000
2,264,000 2,069,678 1,774,633
(589,093) (270,577)
- -
(1,450,000)
(336,000) (530,322)
(825,367)
Allowable
Used
Untaxed
2006-07….……….…..….1.5….….….………….2010-11.......2.6…..…..2012-13 2013-14..2.6...2015-16
Referendum Dollar Usage
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BUDGET
Revenue Limit: Prior Year Spending, 3 year average of Sept and Summer School Enrollment, Property Value, Transfer of Service, Referendums, Aid.
State Aid: District Property Value and prior year average of Sept. and Jan. Enrollment
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Budget Revenues: State Aid and TaxesBudget Expenses:
Salaries and FringesTransportationInsuranceSupplies and EquipmentMaintenance UtilitiesContracted Services
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GENERAL FUND (FUND 10)
$27,335,396
DEBT SERVICE (FUND 30)$322,000
Maintenance Referendum
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CAPITAL PROJECTS (FUND 40)$0.00
FOOD SERVICE (FUND 50)$1,063,813
COMMUNITY SERVICE (FUND 80)$0.00Swimming Pool: Lease agreement
with the City of Portage
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Fund 2014-15 Receipts
2014-15 Expenditures
General Fund (Fd 10) 27,335,396 27, 335,396
Debt Service Fund (Fd 39)From Fund Balance
316,5005,500
322,000
Capital Expansion Fund (Fd 41) 0 0
Food Service (Fd 50) 1,063,813 1,063,813
Community Service Fund (Fd 80) 0 0
Total 28,721,209 28,721,209
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Budget to Taxy Levy
To determine the property tax levy:
Revenue Limit- minus
State Equalization Aid= equals
Property Tax Levy
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PROJECTED 14-15 LEVY
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15$10,000,000
$10,500,000
$11,000,000
$11,500,000
$12,000,000
$12,500,000
$13,000,000
$12,744,014
$12,157,600
$12,423,434
$11,739,887
$10,937,915
$11,369,049
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Each municipality’s share of the levy is determined by its share of the total equalized value.
2013 Values
County Municipality Value %
Columbia C Portage $542,064,800 47.54%
Columbia T Caledonia $171,328,256 15.03%
Columbia T Dekorra $174,744 0.02%
Columbia T Ft. Winnebago $69,093,600 6.06%
Columbia T Lewiston $115,561,668 10.14%
Columbia T Marcellon $1,079,494 0.09%
Columbia T Pacific $168,015,824 14.74%
Columbia T Wyocena $4,246,708 0.37%
Marquette T Douglas $16,338,230 1.43%
Marquette T Moundville $39,033,400 3.42%
Marquette V Endeavor $12,831,900 1.13%
Sauk T Greenfield $408,712 0.04%
TOTAL 12 Municipalities $1,140,177,336 100.00%
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PROJECTED TAX IMPACT
$10.18 Mill Rate
$100,000 Home
$1018. Tax Amount
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Mill Rate – History
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
$12.00
$13.50
$15.17
$13.70 $14.58
$16.02 $16.55
$17.18 $17.50
$17.17
$15.11 $14.05
$10.94
$9.32 $9.73
$9.19 $8.16
$8.98 $8.60
$9.10
$9.32 $8.77
$8.76
$8.61
$9.10
$9.64 $9.62
$9.97 $10.23
$9.59
$10.18
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Note: Budget adjustments are made in Octoberbased on student count, actuarial valuation of prior post employment benefits, state aid certification, transfer of service allocation, needs of the district, and property valuations.