Oconomowoc area school district · 2018. 5. 3. · Resources were reallocated and budget reserves...
Transcript of Oconomowoc area school district · 2018. 5. 3. · Resources were reallocated and budget reserves...
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OCONOMOWOC
AREA SCHOOL
DISTRICT
2018-19 BUDGET
PROPOSAL
MAY 1, 2018
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RECOGNITION & APPRECIATION FOR COLLABORATIVE EFFORTS
School Board
Cabinet
Administrative Team
Accounting Manager
Department Administrators
Principals
Benefits Task Force
Educator’s Compensation Committee
Employee Handbook Committees
Technology Task Foce
Administrative Assistants
Associated Benefits & Risk Consulting
R&R Insurance
Transparency in the budget development process was supported through collaborative efforts and input.
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BUDGET OVERVIEWSNAPSHOT OF 2018-19 BUDGET ASSUMPTIONS
OHS CAPPS Hackathon – 10/20/2017OHS DECA at Rotary – 01/30/2018
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STRATEGIC DIRECTIONS –
Continuous Improvement in Academic Performance
Innovative Instructional Programs
Creating a Great Workplace with Highly Engaged Employees
High Quality Facilities with 21st Century Learning Environments
Respecting the Diversity Among People and Cultures
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–
Trend Factor Budget Impact
Student
Enrollment
Decreasing FTE count .4%. This is a conservative enrollment estimate
that assumes a decrease of 20 students (5,486 to 5,466). The 'three-year-
rolling-average' membership increases by 39 students to 5,560.
Mill Rate
Increasing 1.8%. An increase of 3% was used to estimate OASD's
equalized tax base. OASD's tax base has grown each of the past four
years at 5.7%, 3.0%, 3.1% and 4.5% which is growth above the State
average. Tax base growth helps to offset the increased tax levy.
Open
Enrollment
Net expense increase. Open enrollment estimate assumes an increase
for net open enrollment out of an additional $199,000. The overall open
enrollment net out expense is $2.78M.
Student Fees
No Change. The Board approved student fees consistent with 2017-18.
The Chromebook insurance fee was reduced. A new fee was added for
the football program to support equipment re-conditioning and player
safety. See detailed scheduled in Addendum. Note: Course and
consumable fees may be adjusted based on actual product costs.
Bond Rating Holding at Aa2 as of March 2018. This is a favorable rating.
Fund Balance No Change. The budget proposal is balanced with expenditures equal to
revenues.
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-
Trend Factor Budget Impact
General Fund
Revenues
Increasing 1.83%. Revenues will increase primarily as a result of the
'three-year rolling average' and higher Per Pupil Categorical Aid rate.
State
Equalization
Aid
Decreasing 15%. A 'worst case' yet realistic scenario is a 15% loss in Aid.
This change was anticipated due to the impact of higher debt service
costs related to the 2016 referendum. Decreasing aid puts greater
pressure on the local property tax in the State-Local funding partnership.
Property Tax
Levy
Increasing 4.85%. Five factors contribute to this change: (1) 'three-year
rolling average' enrollment growth, (2) modest expenditure increases,
(3) no revenue limit authority change, (4) the State aid assumption, and
(5) increased debt service resulting from the successful 2016 referendum.
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Trend Factor Budget Impact
General Fund
Expenditures
Increasing 1.83%. A majority of the District's expenditures increase
annually. Compensation, benefits, utilities, insurance, and
transportation are driven by increased enrollment and inflation.
Resources were reallocated and budget reserves were eliminated to
fund OASD's current year operational needs.
Staffing Level
(Overall)
Increasing 5.27 FTE for all staffing categories. Staffing levels are driven by
class size guidelines, enrollment growth, program selection at OHS, and
contingency planning. Various staffing shifts and natural attrition are
used to match OASD's staffing plan with enrollment needs.
Wages &
Salaries
3-3.3% compensation pool. A 'pool' of funds equal to 3.0-3.3% of base
wages for each employee group was created to provide salary increases,
including steps, stipends, and promotions where applicable, for staff.
Health,
Dental,
Vision
Insurance
Varied by benefit. Health insurance is budgeted at a 5% increase due to
the unfavorable loss-claim ratio and high cost claims. A 0% change is
budgeted for dental, vision, and LTD insurances due to locked in
renewals.
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FINANCIAL SUMMARY – BALANCED BUDGET
General Fund Summary 2014-15 2015-16 2016-17 2017-18 2018-19 $ Change Percent
Actual Actual Actual Budget Budget Budget Budget
Beginning Fund Balance 12,254,170 14,075,889 16,033,544 18,499,923 18,499,923 - 0.00%
Revenues:
Local 43,949,198 45,751,468 45,853,058 44,960,144 47,272,342 2,312,198 5.14%
State & Interdistrict 12,151,488 11,727,279 13,612,822 16,417,913 15,957,266 (460,647) -2.81%
Federal & Other 975,001 1,721,653 1,606,084 1,781,943 1,085,392 (696,551) -39.09%
Land Sales - -
Total Revenues 57,075,687 59,200,400 61,071,964 63,160,000 64,315,000 1,155,000 1.83%
Expenditures:
Instruction 25,961,719 26,012,428 27,005,538 28,845,014 29,885,244 1,040,230 3.61%
Support Services 20,425,883 21,882,727 21,411,830 23,345,528 22,813,691 (531,837) -2.28%Transfers to Other Funds &
Other Non-program
Transactions 8,866,366 9,347,590 10,188,217 10,969,458 11,616,065 646,607 5.89%
Total Expenditures 55,253,968 57,242,745 58,605,585 63,160,000 64,315,000 1,155,000 1.83%
Ending Fund Balance 14,075,889 16,033,544 18,499,923 18,499,923 18,499,923 - 0.00%
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REVENUEREVENUE LIMIT, EQUALIZATION AID, SUMMARY, DRIVING FACTORS
Greenland Snowy Recess Meadow View Halloween Celebration
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GENERAL FUND REVENUE –
The Revenue Limit Formula is the critical first step in the OASD budget development process.
The Revenue Limit functions as a control on the combined amount of property taxes and general State aid available to operate the District.
The difference between the District’s revenue limit and its general aid amount determines the maximum amount of tax levy revenue OASD is allowed to raise.
The inverse relationship between state aid and property taxes is represented graphically on a later slide.
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REVENUE LIMIT AUTHORITY
Resident Membership
(FTE)$ per pupil
One-time
(Non-recurring) exemptions
On-going
(Recurring) exemptions
Total Revenue Limit Authority
5,560 $10,117 $0Hold
All Others $260,918
$100,000 $56,613,495
89%
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FUNDING PARTNERSHIP –
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OASD GENERAL FUND REVENUE
Revenues
• $64,315,000
Change over 2017-18
• Increase of $1.16M or 1.83%
Revenue Limit Calculation – 89% of Revenues
• Total of previous year’s State Aid and Property Taxes
• ‘Three (3) year rolling average’ student enrollment
• Inflationary index on per-pupil basis
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OASD GENERAL FUND REVENUE –
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EQUALIZATION AID
• Reduce reliance upon the local property tax as a source of revenue for educational programs
• Guarantee a basic educational opportunity is available to all pupils regardless of the local fiscal capacity of the district in which they reside
What is it?
• Membership (enrollment)
• Shared Costs – OASD’s shared costs continue to be above the State average
• Equalized Property Values – OASD’s property value per member, at $902,657 is higher than most districts
What Factors Influence it?
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EQUALIZATION AID –
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18
♦ District
■ State Ave
District Shared Cost Per Member Compared to Secondary
Ceiling
Equalized Property
Value per Member
Shared Cost per
Member
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EQUALIZATION AID –
OASD is considered property
‘rich’ and therefore is penalized
at the tertiary aid level.
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EQUALIZATION AID –
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REVENUE LIMIT COMPOSITION
Note: Historical average represents the most recent past 5 years.
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GENERAL FUND REVENUE SUMMARY
• Revenue Limit provides no change in the per-pupil amount$0• Budgeted increase in the Per-Pupil Categorical Aid
• Generates $1.1M in additional revenue$204• Anticipated student headcount change
• Anticipated ‘3 year rolling average’ growth-20 and +39
• Minimal change in open enrollment-inStable
• 1.83% Revenue growth over the 2017-18 budget$1.16M
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EXPENDITURES - PERSONNELOVERVIEW OF STAFFING SUMMARY, STAFF CHANGES, EMPLOYEE BENEFITS
FFA
Farm
Day
OHS
Robotics
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GENERAL FUND EXPENDITURES –
2018-19 Budget Investments:
Certified staff promotions and raises $658,000
Certified staff net new/additional FTE (including contingency FTE) $354,000
Administrative assistants, administrators, coordinators, custodians, managers, non-
union support, and paraprofessionals - steps, stipends, and raises$305,000
Increases (rates and/or covered lives) for health insurance, dental insurance, life
insurance, pension, 403(b), FICA, & medicare$300,000
WRS rate increase and adding benefit for non-certified staff $247,000
Transfer to Special Education Fund related to teacher salary and benefit increases and
teacher/support staff FTE changes to support program needs$240,000
Additional FTE to support new/expanded facilities at OHS East Campus and Ixonia $175,000
Personnel changes to support various student needs: learning, medical, special
education, and supervision$159,000
Increase funding of the Technology Plan to expand the 1:1 student-to-device ratio
(currently in Grades 7 -12) to Grades 4 - 6$105,000
Elimination/reduction of prior year spending and reserves: OHS renovation,
construction permit, unused personnel contingencies, non-continuing personnel
stipends, lease expense, professional/purchased services, property insurance, and
retiree benefits, etc.
-$1,377,000
TOTAL $1,166,000
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EXPENDITURES –
Health, Dental, Vision, and LTD Insurance Renewals
Compensation increases ‘pool’Educator Compensation Model
Vehicle ReplacementCapital Projects
Technology Lease
Retirement BenefitsTransportation Contract
Transparent Budget Development
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EXPENDITURES –
2018-19 Budget
Salaries 28,763,518
Transfer to Special Ed 6,261,333
Health Insurance 5,867,944
Open Enrollment 3,965,000
FICA 2,170,045
Transportation 2,101,967
WRS 1,674,097
Purchased Services 1,417,224
Supplies 1,127,516
Alternative Benefit 979,840
Leases 917,068
Professional Services 872,732
Transfer to Debt Service 804,058
Equipment 716,995
Private Pension Plan 597,747
Grand Total 58,237,085
% of Budget ($64.3M) 91%
TO
P
15
EX
PEN
DIT
UR
ES
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STAFFING SUMMARY
Staff Category 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
#
Change
%
Change
Teachers 337.92 342.39 351.93 358.08 360.31 368.88 374.25 377.59 3.34 0.89%
Administrators 20.00 19.00 20.00 21.00 25.00 25.00 25.00 25.00 - 0.00%
Sub-Total 357.92 361.39 371.93 379.08 385.31 393.88 399.25 402.59 3.34 0.84%
Managers 6.50 6.00 6.00 7.00 5.00 6.00 5.00 5.00 - 0.00%
Paraprofessionals 82.40 86.93 84.37 87.30 88.15 89.48 96.47 96.68 0.21 0.22%
Admin. Assistants 26.52 25.52 27.95 27.95 29.33 26.68 26.77 27.90 1.13 4.22%
Custodians 43.11 47.56 47.76 46.24 46.24 46.21 47.29 49.32 2.03 4.29%
Technology Staff 3.00 3.00 3.00 4.00 4.00 5.00 5.44 5.00 (0.44) -8.09%
Other 2.71 5.52 8.23 8.63 9.27 8.88 9.83 8.83 (1.00) -10.17%
Support Sub-Total 164.24 174.53 177.31 181.12 181.99 182.25 190.80 192.73 1.93 1.01%
Grand Total 522.16 535.92 549.24 560.20 567.30 576.13 590.05 595.32 5.27 0.89%
17-18 to 18-19
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STAFFING FTE CHANGES WORKSHEET
Staffing Plan
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CLASS SIZE AVERAGES
-
5.0
10.0
15.0
20.0
25.0
30.0
35.0
4K 5K 1st 2nd 3rd 4th 5th 6th 7th 8th 9th-12th
# o
f S
tud
en
ts
2018-19 Class Size Averages - Projections
Class Size Average 2018-19 Board Target Board Maximum
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STAFFING RATIOS
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SALARIES & WAGES
3% Compensation Pool
Annual Wage Benchmarking
Median 75th Percentile
OASD
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EMPLOYEE BENEFITS
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EMPLOYEE BENEFIT COSTS –
Health Insurance Renewal5%• Initial WPS Arise renewal at 25%, Bidding plan resulted in a 7.5% with new carrier (WCA Group Trust)
• Wider network provider
• Dual choice plan: traditional design and high deductible with an HSA component
Dental, Vision, LTD Insurance Renewals0%• Dental: Initial renewal at 0%;
• Vision: 4 year contract at 0%; LTD: 2 year contract at 0%
Wisconsin Retirement System (WRS)1.5% +$• Rate changes annual on January 1st - used historical trend
• Board to consider implementation for eligible support staff
403(b) and Private Pension Plan0%• 403(b) remains a $600 match for eligible employees
• Employer contribution amount at the 15 year amortization rate – no change in participation (although likely with potential WRS change)
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EXPENDITURES – NON-PERSONNELTRANSPORTATION, TECHNOLOGY, BUILDINGS & GROUNDS, DEBT
Ixonia Students & Ukuleles Nature Hill Forensics Team 1st Place
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NON-PERSONNEL EXPENDITURES –
Total Transportation and Fuel Costs 2008-09 to Present
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NON-PERSONNEL COSTS -
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NON-PERSONNEL EXPENDITURES –
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OTHER FUNDS –
$1.8M
Savings
$818,000
Savings
$159,000
Savings
$88,135,000 Outstanding
Principal Interest Principal Interest Total Principal Total Interest Total Debt
2018-19 3,000,000$ 1,020,154$ 1,715,000$ 1,816,415$ 4,715,000$ 2,836,569$ 7,551,569$ 83,420,000$
2019-20 3,090,000$ 902,354$ 1,495,000$ 1,819,481$ 4,585,000$ 2,721,835$ 7,306,835$ 78,835,000$
2020-21 3,185,000$ 840,554$ 1,845,000$ 1,774,631$ 5,030,000$ 2,615,185$ 7,645,185$ 73,805,000$
2021-22 3,940,000$ 684,754$ 975,000$ 1,719,281$ 4,915,000$ 2,404,035$ 7,319,035$ 68,890,000$
2022-23 4,025,000$ 596,391$ 1,025,000$ 1,680,281$ 5,050,000$ 2,276,672$ 7,326,672$ 63,840,000$
2023-24 4,115,000$ 501,188$ 1,080,000$ 1,639,281$ 5,195,000$ 2,140,469$ 7,335,469$ 58,645,000$
2024-25 4,225,000$ 388,625$ 1,135,000$ 1,596,081$ 5,360,000$ 1,984,706$ 7,344,706$ 53,285,000$
2025-26 4,225,000$ 262,500$ 1,315,000$ 1,550,681$ 5,540,000$ 1,813,181$ 7,353,181$ 47,745,000$
2026-27 4,525,000$ 135,750$ 1,210,000$ 1,484,931$ 5,735,000$ 1,620,681$ 7,355,681$ 42,010,000$
2027-28 -$ -$ 3,675,000$ 1,424,431$ 3,675,000$ 1,424,431$ 5,099,431$ 38,335,000$
2028-29 -$ -$ 3,825,000$ 1,281,581$ 3,825,000$ 1,281,581$ 5,106,581$ 34,510,000$
2029-30 -$ -$ 3,955,000$ 1,132,531$ 3,955,000$ 1,132,531$ 5,087,531$ 30,555,000$
2030-31 -$ -$ 4,080,000$ 1,013,881$ 4,080,000$ 1,013,881$ 5,093,881$ 26,475,000$
2031-32 -$ -$ 4,205,000$ 889,641$ 4,205,000$ 889,641$ 5,094,641$ 22,270,000$
2032-33 -$ -$ 4,345,000$ 754,873$ 4,345,000$ 754,873$ 5,099,873$ 17,925,000$
2033-34 -$ -$ 4,500,000$ 613,563$ 4,500,000$ 613,563$ 5,113,563$ 13,425,000$
2034-35 -$ -$ 4,645,000$ 460,463$ 4,645,000$ 460,463$ 5,105,463$ 8,780,000$
2035-36 -$ -$ 4,820,000$ 301,528$ 4,820,000$ 301,528$ 5,121,528$ 3,960,000$
2036-37 -$ -$ 1,945,000$ 135,648$ 1,945,000$ 135,648$ 2,080,648$ 2,015,000$
2037-38 -$ -$ 2,015,000$ 69,518$ 2,015,000$ 69,518$ 2,084,518$ -$
34,330,000$ 5,332,269$ 53,805,000$ 23,158,718$ 88,135,000$ 28,490,987$ 116,625,987$
2016 Referendum Debt
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OTHER FUNDS –
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PROPERTY TAXESSUMMARY: PROPERTY TAX LEVY, MILL RATE, & PROPERTY TAX BILL IMPACT
Student fans supporting OHS girls’
volleyball – Sectional Match
Student fans supporting OHS girls’
volleyball – State Match
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PROPERTY TAX COMPONENTS
Total School-Based Tax
Levy
Revenue Limit Tax Levy
Referendum Approved Debt Levy
(Fund 39)
Community Service Tax Levy
(Fund 80)
Prior Year Levy Chargeback
and Other$46,134,438Fund 10
$0Fund 38
$0Fund 41
$7,429,509 $562,000
$1,000Chgbck
$0Other$54,126,947
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PROPERTY TAXES
Property Tax Levy Summary: Actual Actual Actual Actual Actual Actual Budget Budget Budget
2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Change Percent
General Fund 44,848,937 42,800,389 42,979,614 44,660,173 44,650,364 43,838,928 46,135,438 2,296,510 5.24%
Debt Service Fund 39 4,896,000 4,898,263 4,898,138 4,898,547 4,898,547 7,221,733 7,429,509 207,776 2.88%
Community Service Fund 80 562,000 562,000 562,000 562,000 562,000 562,000 562,000 - 0.00%
Total Levy 50,306,937 48,260,652 48,439,752 50,120,720 50,110,911 51,622,661 54,126,947 2,504,286 4.85%
Equalized Tax Base 4,586,116,852 4,575,875,100 4,836,984,968 4,983,333,039 5,135,349,688 5,365,617,568 5,526,586,095 160,968,527 3.00%
Equalized Tax Rate Per $1000 10.969 10.547 10.014 10.058 9.758 9.621 9.794 0.173 1.80%
The tax rate is anticipated to increase each year with the expected loss of State Equalization Aid and increased debt service obligations.
2018-19 Tax Rate is still lower than 2012-13 level.
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MILL RATE –
Total School-Based Tax Levy
Equalized Property Value
$1,000 Mill Rate
$54,126,947 $5,526,586,095$9.79
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MILL RATE – HISTORICAL TREND
$9.79 Budget Estimate 2018-19
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PROPERTY TAXES:
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IMPACT ON PROPERTY TAXES –
Impact on Property Taxes for various home values:
Actual 2017-18 Budget 2018-19
Home Value 9.621 9.794 Increase
$250,000 - average home value 2,405.25$ 2,448.48$ 43.23$
$350,000 3,367.35$ 3,427.87$ 60.52$
$600,000 5,772.61$ 5,876.35$ 103.75$
$1,000,000 9,621.01$ 9,793.92$ 172.91$
Equalized Tax Rate per $1000
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CONCLUSION
May Budget Proposal
• Early estimate of the District’s financial plan for 2018-19 based upon our best estimates at the time of development.
The State’s 2017-19 Budget determines:
• Per pupil change in revenue limit authority
• Categorical aid
• Other State aid funding
• Open enrollment per pupil amount
November Budget & Tax Levy Adoption
• Key variables will be finalized over the summer and early fall:
• Equalization Aid
• Property Values
• Student Enrollment
Questions?