SCHOOL DISTRICT OF MAYVILLE

Transcription

1 SCHOOL DISTRICT OF MAYVILLE ANNUAL MEETING ADMINISTRATIVE OFFICES BOARD ROOM N8210 Hwy. 28 Mayville, WI Monday, October 30, 2017 BUDGET HEARING: ANNUAL MEETING: 6:00 p.m. 6:15 p.m.

2 TABLE OF CONTENTS Table of Contents Agenda Minutes Pertinent Information Membership Full Equalized Valuations & Tax Levy District Indebtedness Report History of District Equalized Valuation and Estimates Tax Levy Explanation Auditor s Report Budget

3 S C H O O L D I S T R I C T O F M A Y V I L L E BUDGET HEARING October 30, 2017, 6:00 p.m. Mayville School District Office, N8210 Hwy. 28, Mayville, WI. Budget Hearing called to order by Scott Sabol, District Administrator ANNUAL MEETING October 30, 2017, 6:15 p.m. Mayville School District Office, N8210 Hwy. 28, Mayville, WI. PROPOSED AGENDA: Annual Meeting called to order - Board President. Introduction of School Board Members and Parliamentarian. 1. Election of Annual Meeting chairman. Appointment of recording clerk. 2. Motion for approval of proposed agenda. 3. Motion for approval of minutes of the 2016 Annual Meeting, as published. 4. Motion for approval of Auditor s Report, as printed within the budget booklet. 5. Motion for approval to permit the Board of Education of the School District of Mayville to borrow money on a short-term basis, as needed to meet operating costs. (Borrowing is limited to ½ of the school district's receipts as required by State Statutes.) 6. Motion to approve the school board members' salaries for the school year. 7. Motion for reimbursement of expenses for school board members. 8. Motion to authorize the Board of Education to secure legal services, as needed. 9 Motion to authorize the Board of Education to run the school lunch program. 10. Motion to adopt Tax Levy of $1,643,721 for Long Term Debt Retirement. This includes $1,501,835 for the referendum and $141,886 for repayment of Trust Fund Loan. 11. Motion to adopt Tax Levy of $4,691,527 for Current Operation. (Fund 10 Levy). 12. Motion to set the time frame for the 2018 Annual Meeting. 13. Items brought up from the floor appropriate to an Annual Meeting. 14. Adjourn. 3

4 MINUTES - Budget Hearing and Annual Meeting - Administration Building SCHOOL DISTRICT OF MAYVILLE - August 15, 2016 BUDGET HEARING 6:00 p.m. The Budget Hearing was opened by Scott Sabol, District Administrator. The electors of the school district in attendance were welcomed. Janel DeZarn, Director of Business Services gave a presentation on the District s final Financial Report and presented the School District budget. ANNUAL MEETING 6:30 p.m. The Annual Meeting was called to order at 6:30 p.m. by School Board President, John Westphal. Members of the Board of Education were introduced and a welcome was given to all in attendance. John Westphal then introduced Patrick Madden as parliamentarian and turned the meeting over to him. Patrick Madden explained the protocol for the meeting. Janet Tighe nominated John Westphal as chairman of the meeting and Norbert Dornfeldt seconded the motion. Nomination approved. Barb Hagedorn nominated Janet Tighe to serve as Recording Secretary for the 2016 Annual Meeting, seconded by James Congdon. Motion approved Norbert Dornfeldt moved and John Schlender seconded the motion to approve the agenda, as printed in the booklet. Motion approved. Richard Fink moved and Terri Wilkens seconded the motion to approve the minutes from the 2015 Annual Meeting, as published. Motion approved. Norbert Dornfeldt moved and Terri Wilkens seconded the motion to approve the Auditor's Report, as presented at the 2016 District Annual Meeting. Approved. James Congdon moved and Norbert Dornfeldt seconded the motion to permit the Board of Education of the School District of Mayville to borrow money on a short-term basis to meet operating costs until tax monies and state aids are received. (Borrowing is limited to one-half of the school district's receipts as required by Wisconsin Statutes.) Motion approved. Janet Tighe moved and Colleen Klingenmeyer seconded the motion to approve School Board member s salaries for the school year at $50 per meeting, and $100 for a full day meeting, and the once a year stipend for Board President at $100, Board Vice President at $50.00, Board Clerk at $100 and Board Treasurer at $100. Motion approved. Randy Hagedorn moved and Janet Tighe seconded the motion to approve reimbursement of expenses for School Board members for the school year. Motion approved. Barbara Hagedorn moved and Norbert Dornfeldt seconded the motion authorizing the Board of Education to secure legal services as needed for the school year as listed in the Annual Meeting booklet. Richard Fink moved and James Congdon seconded the motion to amend the name of Madden Law, S.C. to MaddenVanderloop, S. C. Motion to amend approved. Amended motion approved. 4

5 Terri Wilkens moved and John Schlender seconded the motion to authorize the Board of Education to run the school lunch program and approve the Food Service Agreement with the Department of Public Instruction for the school year. Motion approved. Randy Hagedorn moved and Norbert Dornfeldt seconded the motion to adopt the Tax Levy of $141, for Long Term Debt Retirement for repayment of Trust Fund Loan. Motion approved. Lee Zarnott moved and Barbara Hagedorn seconded the motion to adopt a Tax Levy of $4,964, for Current Operation. Motion approved. Norbert Dornfeldt moved and Terri Wilkens seconded the motion to establish the date of the 2017 Annual Meeting to be held on October 2nd, Motion approved. The meeting was opened up for items to be brought up appropriate to an Annual Meeting. No items were brought up. Meeting Chairman Westphal thanked Janel DeZarn and Janet Tighe for their work on the annual meeting and then thanked everyone for coming to the meeting and adjourned the 2016 Annual School District Meeting at 7:03 p.m. Janet Tighe, Recording Secretary 5

6 PERTINENT INFORMATION FOR THE SCHOOL DISTRICT OF MAYVILLE SCHOOL DISTRICT ADMINISTRATIVE OFFICES N8210 Hwy. 28 Mayville, WI Telephone: (920) Fax: (920) OFFICE HOURS M-F 7:30 A.M. 4:00 P.M. SCHOOL BOARD MEMBERS Area Expiration Term John Westphal, President Zone I (North) 2018 James Congdon, Treasurer Zone III (South) 2018 Norbert Dornfeldt, Member Zone IV (City) 2019 Vacant, Clerk Zone IV (City) 2019 Joseph Hohmann, Member Zone IV (City) 2020 David Ognenoff, Member Zone IV (City) 2020 Richard Fink, Vice President Zone II (East) 2020 ANNUAL SCHOOL BOARD SALARIES President $100 Vice President $50 Clerk $100 Treasurer $100 BOARD REIMBURSEMENT OF EXPENSES Mileage paid at the current federal rate per mile Actual expenses for meals, lodging, etc. $50 per meeting salary $100 full day meeting salary SCHOOL DEPOSITORY BMO/Harris Bank Mayville Savings Bank 209 Horicon St. 200 South Main St. Mayville, WI Mayville, WI Local Government Investment Pool TSB Bank State of Wisconsin 935 Horicon St. Office of the State Treasurer Mayville, WI P.O. Box 7871 Madison, WI National Exchange Bank & Trust 1802 Horicon Street Mayville, WI SCHOOL ATTORNEY Madden Vanderloop, S.C. Godfrey & Kahn, S.C. Davis & Kuelthau, S.C 116 South Main St. 1 East Main Street, Suite So. Washington St. Mayville, WI P.O. Box 2719 Green Bay, WI Madison, WI Edgarton, St. Peter, Petak, Massey Simandl & Murray, S.C. WASB Legal Services 10 Forest Ave Swenson Dr., Ste W. Washington Ave. Fond du Lac, WI Waukesha, WI Madison, WI

7 Strang, Patteson, Renning, Lewis, and Lacy Quarles and Brady 600 Regent Street 411 E. Wisconsin Avenue, Suite 2350 Madison, WI Milwaukee, WI SCHOOL AUDITORS SCHOOL OFFICIAL NEWSPAPER Erickson & Associates, S.C. The Dodge County Pionier Certified Public Accountants 126 Bridge St. 255 S. Main Street Mayville, WI Fond du Lac, WI SCHOOL STARTING/DISMISSAL TIME FOR Park View 7:50-3:00 Middle School Gr :45-3:05 Middle School Gr :45-3:05 High School 7:45-3:10 SCHOOL LUNCH PRICES FOR Elementary (K-2) Middle School (3-8) High School (9-12) Students-Regular $2.45 $2.80 $2.90 Students-Reduced $.40 $.40 $.40 Students-Free $.00 $.00 $.00 Adult $3.55 $3.55 $3.55 Extra Milk $.45 $.45 $.45 2 nd Entrée $1.45 $1.45 $1.45 Breakfast-PV only $1.40 SCHOOL GENERAL FEES Early Childhood $15.00 HS Lifetime Fitness Class Option $30.00/per sem. 4K $25.00 HS Art Fee (per class) $10.00 Grades K-12 $45.00 HS Tech. Ed. Fee (per class) $10.00 Instrument Rental $75.00 HS Choir Participation (per class) $10.00 Locker Lock Fee $ 5.25 HS Band Participation (per class) $10.00 MS Sports 1 Sport/2/3=$30/$20/Free HS Sports/Show Choir 1 Sport/2/3=$50/$30/Free Class Dues: Frosh/Soph $10.00 Parking Fee (if paid before Labor Day $35.00 Jr/Sr $20.00 (A late fee of $5.00 per quarter will be assessed for (The parking fee will be raised to $50 after the Sept. 5 deadline. The fee for one each quarter that the class dues are not paid. The Semester is $20 with an additional late fee of $10 if paid after the deadline. The additional charge will be added at the end of each Mayville Police Dept. will issue tickets to those without proper permits after quarter after a warning letter is sent to the parent.) providing one (1) warning to the family.) SCHOOL EMERGENCY CLOSINGS Mayville - WMDC (98.7 FM) Milwaukee - WTMJ (TV4) (620 AM) Fond du Lac - KFIZ (1450 AM) Waupun - WMRH (1170 AM) Fox 6 Storm Center (Ch. 6) Weather Watch (Ch. 12) WISC-TV3 (Ch. 3) ALSO: 7

8 HEADCOUNT COMPARISON SHEET The following is a 5-year comparison of the Official 3rd Friday student counts, along with the 2017 headcount Early Childhood K Kindergarten Grade Grade Grade Grade Grade Grade Grade Grade ELEM TOTALS Grade Grade Grade Grade H.S. TOTALS TOTALS 1,265 1,258 1,189 1,176 1,

9 FULL EQUALIZED VALUATIONS SCHOOL DISTRICT OF MAYVILLE City of Mayville $305,293,000 $302,728,700 $300,056,300 Town of Herman $ 3,484,232 $ 3,428,624 $ 3,426,112 Town of Hubbard $ 55,601,400 $ 54,560,159 $ 63,237,053 Town of LeRoy $ 68,926,953 $ 70,685,760 $ 76,979,352 Town of Lomira $ 7,639,684 $ 7,370,102 $ 8,236,465 Town of Theresa $ 33,013,643 $ 32,635,920 $ 35,106,182 Town of Williamstown $ 63,978,088 $ 66,284,975 $ 69,246,124 Village of Kekoskee $ 9,068,000 $ 9,087,300 $ 9, $547,005,000 $546,781,540 $565,828, City of Mayville $289,049,800 $286,380,200 $294,398,600 Town of Herman $ 3,718,874 $ 3,721,905 $ 4,057,253 Town of Hubbard $ 66,037,369 $ 66,497,317 $ 66,514,019 Town of Leroy $ 80,388,921 $ 81,515,888 $ 83,563,726 Town of Lomira $ 8,889,424 $ 8,789,842 $ 8,940,799 Town of Theresa $ 34,772,898 $ 35,573,305 $ 36,396,868 Town of Williamstown $ 70,328,421 $ 68,883,675 $ 70,381,863 Village of Kekoskee $ 9,290,800 $ 9,311,300 $ 9,589,600 $562,476,507 $560,673,432 $573,842,728 ```````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````` PERCENTAGE OF EQUALIZED VALUATIONS City of Mayville Town of Herman Town of Hubbard Town of LeRoy Town of Lomira Town of Theresa Town of Williamstown Village of Kekoskee ````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````` TAX LEVY ACTUAL ACTUAL ESTIMATED FUND General Fund $ 5,160,292 $ 4,795,502 $ 4,691, Debt Service Fund $ 641,250 $ 0 $ 1,501, Non-Referendum Debt $ 141,886 $ 141,886 $ 141,886 TOTAL LEVY AMOUNT $5,943,428 $ 4,937,388 $ 6,335,248 Mill Rate Tax/$1,000 $10.56 $ 8.81 $11.04 *Final figures will not be available until November 7,

10 SCHOOL DISTRICT OF MAYVILLE INDEBTEDNESS REPORT State Statutes regulate the Long Term Indebtedness that a district may carry, at 10% of the equalized value of the district. The present equalized value of the district as of October 2017 is $573,842,728. Ten percent of that figure would mean that the maximum Long-Range Indebtedness of the district would be $57,384,273. The School District of Mayville is well below the maximum allowable set forth by the Statutes. In April of 2016 the new Middle School was paid in full. In April of 2017 the voters approved a capital improvement referendum of $24,500,000. The referendum includes equipping and furnishing additions to the Mayville High School, including new Agricultural Science and Technical Education classrooms and new physical education facilities; site improvements at the Mayville High School; and renovations and infrastructure improvements and safety and security upgrades at Parkview Primary, Mayville Middle School, and Mayville High School. The anticipated completion date for these projects is August The Board was able to secure a 2.94% average interest rate, the bonds were successfully sold in July 2017, and invested with the support of PMA Financial Network using a 20-year repayment financial plan. In June of 2013 the Board of Education received approval to refinance the non-referendum debt with the State Trust Board. Refinancing the loan allowed the district to substantially lower the interest rate on the outstanding loan of $405,000, request additional funds to pay for the Fiber Optics Project, and also start to do some other upgrades. The lowered interest rate will keep the annual payments to the level currently being paid by the district. *Debt Retirement 3/15/2018 Trust Loan $ 126, Principal *Debt Retirement 3/15/2017 Trust Loan $ 15, Interest April 2017 Referendum $1,465, Principal April 2017 Referendum $ 497, Interest $2,104, TOTAL Remaining debt at the end of the fiscal year: *Trust $ 433, April 2017 Referendum $23,035, *TOTAL $23,468,

11 HISTORY OF DISTRICT EQUALIZED VALUATION Year $ Equalized Valuation $ Change % Change Tax Rate 1993 $225,225, $245,784,977 $20,559, % $ $276,073,252 $30,288, % $ $295,976,643 $19,903, % $ $319,897,245 $23,920, % $ $354,768,972 $34,871, % $ $366,522,973 $11,754, % $ $378,100,263 $11,577, % $ $401,681,378 $23,581, % $ $415,956,631 $14,275, % $ $439,883,059 $23,926, % $ $470,245,440 $30,362, % $ $505,534,975 $35,289, % $ $546,820,741 $41,285, % $ $570,032,206 $23,211, % $ $586,487,025 $16,454, % $ $579,046,798 -$7,440, % $ $570,544,828 -$8,501, % $ $562,947,163 -$7,597, % $ $547,005,000 -$15,942, % $ $546,781,540 -$223, % $ $565,828,788 $19,047, % $ $562,476,507 -$3,352, % $ $560,673,432 -$1,803, % $ $573,842,728 $13,169, % $ Average Increase: 4.06% 11

12 TAX LEVY EXPLANATION SCHOOL DISTRICT OF MAYVILLE (USING ESTIMATED DATA) The school district tax levy is made up of several components. These include: 1. Amount of operational dollars needed (General Fund levy) 2. Amount of debt service tax dollars needed (Debt Service Fund levy) 3. Equalized value of property in the school district 4. Mill (tax) rate The tax levy is the total amount of property taxes levied or assessed to municipalities in our school district to fund school operations. The maximum tax levy amount, other than referendum-approved long-term debt or long-term debt incurred prior to 1993, is determined through the state s revenue cap (limit) formula. Taxpayer approval, through the referendum process, is required if a school district wants to exceed the revenue limit. The tax levy approved at the Annual Meeting will be adjusted by the Board of Education in October when student enrollment has been determined (September Third Friday Official Count) and the Department of Public Instruction (DPI) has certified the district s state equalized aid amount for the fiscal year. Equalized valuation is the fair market value of all properties within a school district as determined by the Wisconsin Department of Revenue. The Wisconsin Department of Revenue uses property sales information to determine a municipality s equalized fair market valuation. This information is reported to the school district in October of each year. The school district distributes the certified (approved) tax levy among the municipalities according to the proportion of equalized value each municipality has in comparison to the total equalized value of the school district. Each municipal treasurer distributes this levy among the various residents based on the assessed value of the property within the municipality. Equalized valuation plays a very important role in determining the school mill (tax) rate. For purposes of budget projections, the school district must estimate the equalized value $573,842,728 for the fiscal year based on a projected growth of 0.5 percent (Please refer to equalized valuation history on page 11). In October, the actual certified equalized values of all municipalities within the school district are reported by the Department of Revenue. The district then calculates the actual mill (tax) rate per thousand dollars of equalized valuation. To calculate the school mill (tax) rate, the district uses the tax levy certified (approved) by the School Board in October and divides that amount by the total equalized value of the school district. The mill rate is defined as the rate one dollar per thousand dollars of equalized valuation will raise in property taxes. Municipalities utilize assessed versus equalized property values in determining the tax (mill) rate for the individual property owner. The municipality will recalculate the mill rate on an assessed value basis. Municipalities may have more than one school district, fire district, or other governmental entity to collect property taxes for resulting in the possibility of property owners in that municipality having a different mill rate. Property owners may realize different changes (typically increases) in their property assessments depending upon conditions within their community and surrounding communities. The school district does not participate in the process of determining property values (either assessed or equalized). The Board is proposing a total tax levy of $6,335,248 to fund the district budget. To determine the rate per thousand, the district divides $6,335,248 by estimated equalized value of the district, $573,842,728. This produces a projected mill (tax) rate of $ The Board is required to make any adjustments, if needed, to the levy on or before November 7, For example, if the tax levy remains the same as approved, but the total equalized valuation decreases from the estimate used, the mill rate would increase. If the total equalized valuation increases from the estimate used, the mill rate would decrease. 12

13 Board of Education School District of Mayville Mayville, Wisconsin Erickson & Associates, S. C. Certified Public Accountants 1000 West College Avenue Appleton, Wisconsin (920) FAX (920) South Main Street Fond du Lac, Wisconsin (920) FAX (920) INDEPENDENT AUDITOR'S REPORT At the present time, our audit of the District is not complete. If we do not encounter any condition which would alter our opinion on the financial statements of the School District of Mayville, we expect the opinion to read: Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the School District of Mayville (District), as of and for the year ended June 30, 2017, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the District's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the School District of Mayville, as of June 30, 2017, and the respective changes in 13

14 financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis on pages 3-10 and the required supplementary information as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not. a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District's basic financial statements. The nonmajor governmental fund, general fund, and agency fund combining schedules, listed as other supplementary information in the table of contents, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The schedules of expenditures of federal and state awards are presented for purposes of additional analysis as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and audit Requirements for Federal Awards, and is also not a required part of the basic financial statements. The nonmajor governmental fund, general fund, and agency fund combining schedules and the schedules of expenditures of federal and state awards are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the basic financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated at a date to be determined, on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance. We anticipate issuing our audit reports on or before November 30, ERICKSON & ASSOCIATES, S.C. Fond du Lac, Wisconsin October 13,

15 GENERAL FUND (FUND 10) BUDGET ADOPTION * 15 Audited Unaudited Budget Beginning Fund Balance (Account ) 3,389, ,076, ,852, 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 ) TOTAL ENDING FUND BALANCE (ACCT ) 4,076, ,852, ,878, REVENUES & OTHER FINANCING SOURCES 100 Transfers-in 250, , , Local Sources 210 Taxes 5,160, ,795, ,691, Payments for Services Non-Capital Sales 1, , , School Activity Income 36, , , Interest on Investments 14, , , Other Revenue, Local Sources 81, , , Subtotal Local Sources 5,294, ,927, ,829, Other School Districts Within Wisconsin 310 Transit of Aids Payments for Services 750, , , Medical Service Reimbursements Other Inter-district, Within Wisconsin Subtotal Other School Districts within Wisconsin 750, , , 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 6, , , Payments for Services from CCDEB Payments for Services from CESA Medical Services Reimbursement Other Intermediate Sources Subtotal Intermediate Sources 6, , , State Sources 610 State Aid -- Categorical 251, , , State Aid -- General 6,496, ,377, ,331, DPI Special Project Grants 12, , , Payments for Services Student Achievement Guarantee in Education (SAGE Grant) Other State Revenue Through Local Units 23, , , Other Revenue 17, , , Subtotal State Sources 6,801, ,802, ,959, Federal Sources 710 Federal Aid - Categorical Impact Aid DPI Special Project Grants 65, , , IASA Grants 148, , ,535.00

16 760 JTPA Other Federal Revenue Through Local Units Other Federal Revenue Through State 49, , , Other Federal Revenue - Direct Subtotal Federal Sources 263, , , Other Financing Sources 850 Reorganization Settlement Compensation, Fixed Assets 32, , , Long-Term Obligations Subtotal Other Financing Sources 32, , , Other Revenues 960 Adjustments 1, Refund of Disbursement 25, , , Medical Service Reimbursement Miscellaneous 3, , , Subtotal Other Revenues 30, , , TOTAL REVENUES & OTHER FINANCING SOURCES 13,430, ,807, ,908, EXPENDITURES & OTHER FINANCING USES Instruction Undifferentiated Curriculum 2,907, ,956, ,908, Regular Curriculum 2,504, ,330, ,570, Vocational Curriculum 472, , , Physical Curriculum 303, , , Co-Curricular Activities 366, , , Other Special Needs 60, , , Subtotal Instruction 6,614, ,502, ,778, Support Sources Pupil Services 243, , , Instructional Staff Services 175, , , General Administration 354, , , School Building Administration 874, , , Business Administration 2,164, ,513, ,920, Central Services 376, , , Insurance & Judgments 152, , , Debt Services 12, Other Support Services 263, , , Subtotal Support Sources 4,617, ,964, ,274, Non-Program Transactions Inter-fund Transfers 1,032, , ,174, Instructional Service Payments 478, , , Other Non-Program Transactions Subtotal Non-Program Transactions 1,511, ,564, ,829, TOTAL EXPENDITURES & OTHER FINANCING USES 12,743, ,031, ,882, SPECIAL PROJECT FUNDS (FUNDS 21, 23, 29) Beginning Fund Balance , Ending Fund Balance 34, REVENUES & OTHER FINANCING SOURCES 34, Instruction Support Services , Non-Program Transactions TOTAL EXPENDTURES & OTHER FINANCING USES ,

17 SPECIAL EDUCATION FUND (FUND 27) 17 Audited Unaudited Budget Beginning Fund Balance Ending Fund Balance REVENUES & OTHER FINANCING SOURCES 100 Transfers-in 1,032, , ,174, Local Sources 240 Payments for Services Non-Capital Sales School Activity Income Other Revenue, Local Sources Subtotal Local Sources Other School Districts Within Wisconsin 310 Transit of Aids Payments for Services Medical Service Reimbursements Other Inter-district, Within Wisconsin Subtotal Other School Districts within Wisconsin 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 Medical Services Reimbursement Other Intermediate Sources Subtotal Intermediate Sources , , State Sources 610 State Aid -- Categorical 360, , , State Aid -- General DPI Special Project Grants Payments for Services Achievement Gap Reduction (AGR grant) Other Revenue Subtotal State Sources 360, , , Federal Sources 710 Federal Aid - Categorical DPI Special Project Grants 255, , , IASA Grants JTPA Other Federal Revenue Through Local Units Other Federal Revenue Through State 71, , , Other Federal Revenue - Direct Subtotal Federal Sources 327, , , Other Financing Sources Compensation, Fixed Assets Long-Term Obligations Subtotal Other Financing Sources Other Revenues 960 Adjustments

18 970 Refund of Disbursement Miscellaneous Subtotal Other Revenues TOTAL REVENUES & OTHER FINANCING SOURCES 1,720, ,606, ,833, EXPENDITURES & OTHER FINANCING USES Instruction Undifferentiated Curriculum Regular Curriculum Vocational Curriculum 2, , Physical Curriculum Special Education Curriculum 1,173, ,052, ,266, Co-Curricular Activities Other Special Needs Subtotal Instruction 1,175, ,053, ,267, Support Sources Pupil Services 197, , , Instructional Staff Services 182, , , General Administration 1, School Building Administration Business Administration 69, , , Central Services , Insurance & Judgments 1, , Debt Services Other Support Services 41, , , Subtotal Support Sources 493, , , Non-Program Transactions Inter-fund Transfers 9, , Instructional Service Payments 42, , , Other Non-Program Transactions Subtotal Non-Program Transactions 51, , , TOTAL EXPENDTURES & OTHER FINANCING USES 1,720, ,606, ,833, DEBT SERVICE FUND (FUNDS 38, 39) Beginning Fund Balance 241, , , ENDING FUND BALANCES 1, , , TOTAL REVENUES & OTHER FINANCING SOURCES 784, , ,643, Long-Term Capital Debt 783, , ,643, Refinancing Operational Debt Post Employment Benefit Debt Other Long-Term General Obligation Debt Non-Program Transactions 241, TOTAL EXPENDITURES & OTHER FINANCING USES 1,024, , ,643, INDEBTEDNESS, END OF YEAR CAPITAL PROJECTS FUND (FUNDS 41, 46, 48, 49) Beginning Fund Balance 1, , , Ending Fund Balance 1, , ,031, TOTAL REVENUES & OTHER FINANCING SOURCES ,500, Instructional Services Support Services ,470, Community Services Non-Program Transactions

19 TOTAL EXPENDITURES & OTHER FINANCING USES ,470, FOOD SERVICE FUND (FUND 50) Beginning Fund Balance , ENDING FUND BALANCE 1, TOTAL REVENUES & OTHER FINANCING SOURCES 337, , , Support Services 336, , , Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 336, , , The Budget Information presented here reflects the district's application of the state revenue limit formula and aid calculation using current data and estimates. It is subject to change. 19