Budget Hearing July 24, 2017

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1 Budget Hearing July 24, 2017 Wendy Brockert Lake Mills Area School District Preparing all of today s students for tomorrow s opportunities

2 Agenda LMASD Accounting Funds and Functions Factors Impacting the Budget Revenue Limit Worksheet LMASD Revenue and Expense Budget, including Post Employment Benefit Trust Property Tax

3 Lake Fairly Mills Normal Area School District Fund Summary Fund 27 Fund 20 Fund 50 Fund 30 Fund 50 Fund 70

4 Budget Impactors Increase in Enrollment Projection $0 increase per member for Revenue Cap Per Pupil Aid Allocation increase from $250 to $450 per Member 1.0 Additional Physical Education Position,.5 Additional English Language Learner Program Coordinator and 1.0 Additional Special Education Coordinator

5 Revenue Limit Worksheet (CURRENT LAW. See cell comment.) Base Revenue (Funds 10, 38, 41) (from left) 14,625, Base Sept Membership Avg (14+.4ss, 15+.4ss, 16+.4ss/3) (from left) 1, Base Revenue Per Member (Ln 1 / Ln2) (with cents) 9, Per Member Change (A+B+C) 0.00 A. Allowed Per-Member Change 0.00 B. Low Rev Incr ((9,100 - (3 + 4A))-4C) Not < 0 0 C. Low Rev Dist in CCDEB (Enter DPI Adjustment) Maximum Revenue / Member (Ln 3 + Ln 4) 9, Current Membership Avg (15+.4ss, 16+.4ss, 17+.4ss/3) (from left) 1, Rev Limit, No Exemptions (Ln7A + Ln 7B) (rounded) 14,801,049 A. Max Rev/Memb x Cur Memb Avg (Ln 5 x Ln 6) 14,801,049 B. Hold Harmless Non-Recurring Exemption 0 8. Total Recurring Exemptions (A+B+C+D+E) (rounded) 0 A. Prior Year Carryover 0 B. Transfer of Service 0 C. Transfer of Territory/Other Reorg (if negative, include sign) 0 D. Federal Impact Aid Loss ( to ) 0 E. Recurring Referenda to Exceed (If is first year) Limit with Recurring Exemptions (Ln 7 + Ln 8) 14,801, Total Non-Recurring Exemptions (A+B+C+D+E+F+G+H) 0 A. Non-Recurring Referenda to Exceed Limit 0 B. Declining Enrollment Exemption for (from left) C. Energy Efficiency Net Exemption for (see pg 4 for details) 0 D. Adjustment for Refunded or Rescinded Taxes, E. Prior Year Open Enrollment (uncounted pupil[s]) 0 F. Reduction for Ineligible Fund 80 Expenditures (enter as negative) 0 G. Environmental Remediation Exemption 0 H. Private School Voucher Aid Deduction per 2015 Act Revenue Limit With All Exemptions (Ln 9 + Ln 10) 14,801,049

6 Revenue Limit With All Exemptions (Ln 9 + Ln 10) 14,801, Total Aid to be Used in Computation (12A + 12B) 7,891,853 A October 15 General Aid Certification 0 B. State Aid to High Poverty Districts (not all districts) 0 DISTRICTS MUST ESTIMATE AN AID AMOUNT FOR LINE 12 UNTIL THE JULY 1 ESTIMATE OF GENERAL AID. 13. Allowable Limited Revenue: (Line 11 - Line 12) 6,909,196 (10, 38, 41 Levies + Src 691. Src 691 is DOR Computer Aid.) 14. Total Limited Revenue To Be Used (A+B+C) Not >line 13 6,909,196 Entries Required Below: Enter amnts needed by purpose and fund: A. Gen Operations: Fund 10 including Src 211 & Src 691 6,433,405 (Proposed Fund 10) B. Non-Referendum Debt (inside limit) Fund 38 Src ,791 (to Budget Rpt) C. Capital Exp, Annual Meeting Approved: Fund 41 Src ,000 (to Budget Rpt) 15. Total Revenue from Other Levies (A+B+C+D) 2,219,000 A. Referendum Apprvd Debt (Fund 39 Debt-Src 211) 2,129,000 B. Community Services (Fund 80 Src 211) 90,000 (to Budget Rpt) C. Prior Year Levy Chargeback for Uncollectible Taxes (Src 212) 0 (to Budget Rpt) D. Other Levy Revenue - Milwaukee & Kenosha Only 0 (to Budget Rpt) 16. Total Levy + Src 691, "Proposed Levy" (Ln 14 + Ln 15) 9,128, Est Src 691 (Comp Aid) Based on Ln 16 & Values Entered 7, Fnd 10 Src 211 (Ln 14A-Ln 17), Budget 6,425,409 Line 18 (not 14A) is the Fund 10 Levy certified by the Board. 19. Total Fall, 2017 All Fund Tax Levy (14B + 14C ) 9,120,200 Line 19 is the total levy to be apportioned in the PI-401. Levy Rate =

7 GENERAL FUND (FUND 10) BUDGET ADOPTION Audited Unaudited Budget Beginning Fund Balance (Account ) 5,514, ,279, ,165, Ending Fund Balance, Nonspendable (Acct ) Ending Fund Balance, Restricted (Acct ) Ending Fund Balance, Committed (Acct ) Ending Fund Balance, Assigned (Acct ) Ending Fund Balance, Unassigned (Acct ) 5,279, TOTAL ENDING FUND BALANCE (ACCT ) 5,279, ,165, ,165, REVENUES & OTHER FINANCING SOURCES 100 Transfers-in Local Sources 210 Taxes 7,032, ,354, ,483, Payments for Services 15, , , Non-Capital Sales , School Activity Income 42, , , Interest on Investments 8, , , Other Revenue, Local Sources 117, , , Subtotal Local Sources 7,217, ,568, ,622, Other School Districts Within Wisconsin 310 Transit of Aids 12, , Payments for Services 317, , , Medical Service Reimbursements Other Inter-district, Within Wisconsin Subtotal Other School Districts within Wisconsin 330, , , Other School Districts Outside Wisconsin 440 Payments for Services Other Inter-district, Outside Wisconsin Subtotal Other School Districts Outside Wisconsin Intermediate Sources 510 Transit of Aids , Payments for Services from CCDEB Payments for Services from CESA 7, Medical Services Reimbursement Other Intermediate Sources Subtotal Intermediate Sources 7, ,

8 State Sources 610 State Aid -- Categorical 300, , , State Aid -- General 6,964, ,891, ,891, DPI Special Project Grants 39, , Payments for Services Student Achievement Guarantee in Education (SAGE Grant) Other State Revenue Through Local Units 7, , , Other Revenue 9, , , Subtotal State Sources 7,322, ,388, ,664, Federal Sources 710 Federal Aid - Categorical Impact Aid DPI Special Project Grants 28, , , IASA Grants 126, , , JTPA Other Federal Revenue Through Local Units Other Federal Revenue Through State 22, Other Federal Revenue - Direct Subtotal Federal Sources 177, , , Other Financing Sources 850 Reorganization Settlement Compensation, Fixed Assets , Long-Term Obligations Subtotal Other Financing Sources , Other Revenues 960 Adjustments 27, , , Refund of Disbursement , , Medical Service Reimbursement Miscellaneous 7, , Subtotal Other Revenues 34, , , TOTAL REVENUES & OTHER FINANCING SOURCES 15,090, ,538, ,807,338.00

9 General Fund Revenues $115, $70, $772, $6,425, $7,891, $335, $197, Property Taxes Local Sources School Districts Within Wisconsin General Aid Other State Sources Federal Sources Other Revenues

10 Fund 10 Instructional Expenses Instruction Undifferentiated Curriculum 2,283, ,460, ,467, Regular Curriculum 3,368, ,542, ,478, Vocational Curriculum 538, , , Physical Curriculum 253, , , Co-Curricular Activities 257, , , Other Special Needs 18, , , Subtotal Instruction 6,720, ,143, ,276, $377, $297, $48, $606, $2,467, $3,478, Undifferentiated Curriculum Regular Curriculum Vocational Curriculum Physical Curriculum Co-Curricular Activities Other Special Needs

11 Fund 10 Support Service Expenses Support Sources Pupil Services 291, , , Instructional Staff Services 912, ,007, , General Administration 424, , , School Building Administration 1,075, ,078, ,037, Business Administration 2,552, ,297, ,552, Central Services 564, , , Insurance & Judgments 159, , , Debt Services 56, , , Other Support Services 288, , , Subtotal Support Sources 6,327, ,128, ,246, , , , , , , , ,552, ,037,100.00

12 Fund 10 Non-Program Expenses Non-Program Transactions Inter-fund Transfers 1,777, ,774, ,664, Instructional Service Payments 498, , , Other Non-Program Transactions Subtotal Non-Program Transactions 2,276, ,381, ,284, TOTAL EXPENDITURES & OTHER FINANCING USES 15,324, ,652, ,807, $620, $1,664,168.00

13 Fund 21Special Project Fund (Gifts) SPECIAL PROJECT FUNDS (FUNDS 21, 23, 29) Beginning Fund Balance 37, , , Ending Fund Balance 40, , , REVENUES & OTHER FINANCING SOURCES 32, , Instruction 26, , Support Services 2, , Non-Program Transactions TOTAL EXPENDTURES & OTHER FINANCING USES 29, ,

14 Fund 27 Special Education Fund SPECIAL EDUCATION FUND (FUND 27) Audited Unaudited Budget Beginning Fund Balance Ending Fund Balance REVENUES & OTHER FINANCING SOURCES 100 Transfers-in 1,730, ,725, ,664, Other School Districts Within Wisconsin 310 Transit of Aids Subtotal Other School Districts within Wisconsin Intermediate Sources 510 Transit of Aids 1, , Subtotal Intermediate Sources 1, , State Sources 610 State Aid -- Categorical 462, , , Other Revenue Subtotal State Sources 462, , , Federal Sources 710 Federal Aid - Categorical DPI Special Project Grants 314, , , Other Federal Revenue Through State 34, , , Subtotal Federal Sources 348, , , TOTAL REVENUES & OTHER FINANCING SOURCES 2,543, ,756, ,596,817.00

15 Fund 27 Special Education Fund EXPENDITURES & OTHER FINANCING USES Instruction Undifferentiated Curriculum Regular Curriculum Vocational Curriculum Physical Curriculum Special Education Curriculum 1,922, ,052, ,001, Co-Curricular Activities Other Special Needs Subtotal Instruction 1,922, ,052, ,001, Support Sources Pupil Services 306, , , Instructional Staff Services 154, , , General Administration School Building Administration Business Administration 75, , , Central Services Insurance & Judgments Debt Services Other Support Services Subtotal Support Sources 537, , , Non-Program Transactions Inter-fund Transfers Instructional Service Payments 82, , , Other Non-Program Transactions , Subtotal Non-Program Transactions 82, , , TOTAL EXPENDTURES & OTHER FINANCING USES 2,543, ,756, ,596,817.00

16 Fund 38 & 39 Debt Service Fund DEBT SERVICE FUND (FUNDS 38, 39) Beginning Fund Balance 893, , , ENDING FUND BALANCES 882, , , TOTAL REVENUES & OTHER FINANCING SOURCES 2,421, ,430, ,454, Long-Term Capital Debt 1,982, ,459, ,483, Refinancing 147, Operational Debt Post Employment Benefit Debt Other Long-Term General Obligation Debt 301, Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 2,432, ,459, ,483, INDEBTEDNESS, END OF YEAR 31,430, ,715, ,990, Middle School Referendum 2012 Elementary School Referendum WRS Unfunded Liability* High School Improvements* *Fund 38 Debt Principal and Interest paid within the Revenue Limit Cap

17 Fund 41 & 49 Capital Project Expenses CAPITAL PROJECTS FUND (FUNDS 41, 46, 48, 49) Beginning Fund Balance 1,241, , , Ending Fund Balance 22, , , TOTAL REVENUES & OTHER FINANCING SOURCES 157, , , Instructional Services Support Services 999, , , Community Services Non-Program Transactions 376, TOTAL EXPENDITURES & OTHER FINANCING USES 1,376, , , Maintenance Projects Maintenance Projects High School Cameras and Doors Repair/Upgrade Parking Lot Maintenance Oven Replacement for Food Service Beacon Lighting for Mulberry Street Campus Field Lighting Repair Paint Lower High School Gym HVAC Maintenance & Repair Parking lot Maintenance High School Upper Gym Painting New Siding and Windows for Administration Building High School Roof Repairs

Fund 50 Food Service Expenses FOOD SERVICE FUND (FUND 50) 900 000 Beginning Fund Balance 1,039.47 (0.00) (0.00) 900 000 ENDING FUND BALANCE (0.00) (0.00) (0.00) TOTAL REVENUES & OTHER FINANCING SOURCES 607,198.

18 Fund 50 Food Service Expenses FOOD SERVICE FUND (FUND 50) Beginning Fund Balance 1, (0.00) (0.00) ENDING FUND BALANCE (0.00) (0.00) (0.00) TOTAL REVENUES & OTHER FINANCING SOURCES 607, , , Support Services 608, , , Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 608, , ,000.00

Community Service Expenses COMMUNITY SERVICE FUND (FUND 80) 900 000 Beginning Fund Balance 170,189.65 122,923.27 87,441.89 900 000 ENDING FUND BALANCE 122,923.27 87,441.89 87,441.

19 Community Service Expenses COMMUNITY SERVICE FUND (FUND 80) Beginning Fund Balance 170, , , ENDING FUND BALANCE 122, , , TOTAL REVENUES & OTHER FINANCING SOURCES 191, , , Support Services 3, , , Community Services 235, , , Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 239, , ,500.00

20 Fund 73 Employee Benefit Trust Fund Beginning Balance July 1, 2016 $ 173, Transfer from General Fund $ 676, Retiree Insurance Contribution $ 80, Interest Earnings $ 2, $ 758, Less Benefit Payments $ (681,135.20) Ending Balance June 30, 2017 $ 250,195.73

21 Property Tax and Mill Rate FUND Audited Unaudited Budget General Fund 6,972, ,290, ,425, Referendum Debt Service Fund 1,717, ,105, ,129, Non-Referendum Debt Service Fund 327, , , Capital Expansion Fund 150, , , Community Service Fund 79, , , TOTAL SCHOOL LEVY 9,246, ,030, ,120, PERCENTAGE INCREASE -- TOTAL LEVY FROM PRIOR YEAR -2.33% 0.99%

22 Property Tax Levies

23 Mill Rate 10 Year History Mill Rate Mill Rate State Average

24 Conclusion Do you have any Questions Thank you for attending Budget Hearing

Budget Development Process

Budget Development Process 2016 1 Table of Contents Administrative Team 3 Leadership 4 Board of Education 5 Our Schools 6 Achievement Results 11 Advanced Placement and ACT 12 Attendance and Truancy 13 Strategic Plan 14 District