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TWO RIVERS PUBLIC SCHOOL DISTRICT 2014-15 BUDGET HEARING

TWO RIVERS PUBLIC SCHOOL DISTRICT 2014-15 BUDGET HEARING. 2014-15 BUDGET SUMMARY. Tentatively Approved Budget - Fund 10 $17,962,373 Facility and Technology Budget $20,000

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TWO RIVERS PUBLIC SCHOOL DISTRICT 2014-15 BUDGET HEARING

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  1. TWO RIVERS PUBLIC SCHOOL DISTRICT2014-15 BUDGET HEARING

  2. 2014-15 BUDGET SUMMARY Tentatively Approved Budget - Fund 10 $17,962,373 Facility and Technology Budget $20,000 2013-14 Tax Levy (all funds) $5,764,329 2014-15 Projected Tax Levy (all funds) $5,738,813 Total Tax Levy Decrease ($25,516) % of Tax Levy Decrease (0.44%) Fund 10 Decrease ($7,570) Fund 38 Increase $364 Fund 39 Decrease ($18,310) Fund 80 Increase $ 0

  3. MILL RATE COMPARISON 2014-15 2014-15 2013-14 Total levy – all funds – projectedLEVY Mill RateMill Rate 2014-15 Projected Operating Levy $3,380,750 $5.96 $5.98 2014-15 Debt Service Levy: 2004 Bonds (Feb. issue) 0 0.00 0.78 2011 Bonds 213,300 0.38 0.38 2012 Bonds 1,314,400 2.32 2.32 2013 Bonds 498,750 0.88 0.13 2014-15 Debt Service Levy (Fund 38) $218,238 0.39 0.39 2014-15 Community Service Fund Levy (Police School Liaison Officers) $113,375 0.20 0.20 2014-15 Projected Tax Levy $5,738,813 $10.13 $10.18 2013-14 Tax Levy $5,764,329 $10.18 Projected decrease in Mill Rate ($0.05) Projected decrease in Tax Levy ($25,516) Based on an estimated 0.00% increase in equalized value of property.

  4. Energy Efficiency Exemption • REVENUE LIMIT EXEMPTION BACKGROUND: 2009 Wisconsin Act 28, the 2009-11 biennial budget bill, created a revenue limit exemption that allows a school district to increase its revenue limit by the amount spent by the school district in that school year on energy efficiency measures, and renewable energy products, that result in the avoidance of, or reduction in, energy costs. 2014-15 Projected Tax Levy includes $100,000 for energy efficiency upgrades completed at all four schools. TWO RIVERS HIGH SCHOOL: • Exterior Sign: Replaced LED Message Board • Exterior Lighting on Building: Replaced Wall Packs with LED Lights • Parking Lot Lights: Replaced with LED lights L.B. CLARKE MIDDLE SCHOOL: • Interior Lighting: Replaced all lights with 28 watt light bulbs, changed 80 ballasts • Exterior Lighting on Building: Replaced Wall Packs with LED Lights • Parking Lot Lights: Replaced with LED lights • Domestic Hot Water Heaters: Removal and replacement of two hot water heaters

  5. Energy Efficiency Exemption MAGEE ELEMENTARY SCHOOL: • Interior Lighting: Replaced all lights with 28 watt light bulbs, changed 300 ballasts • Exterior Lighting on Building: Replaced Wall Packs with LED Lights • Parking Lot Lights: Replaced with LED lights KOENIG ELEMENTARY SCHOOL: • Exterior Lighting on Building: Replaced Wall Packs with LED Lights • Parking Lot Lights: Replaced with LED lights REBATES: Focus on Energy $11,118.22 WPPI (Estimated) $10,887.80

  6. HISTORY OF TAX LEVY AND MILL RATES

  7. OPEN ENROLLMENT School Year Revenue Expense Net 2000-01 $102,514 $53,752 $48,762 2001-02 $139,123 $62,114 $77,009 2002-03 $167,712 $91,544 $76,168 2003-04 $140,235 $95,940 $44,295 2004-05 $199,734 $103,844 $95,890 2005-06 $250,035 $121,723 $128,312 2006-07 $300,847 $121,470 $179,377 2007-08 $277,682 $218,178 $59,504 2008-09 $331,170 $272,178 $58,992 2009-10 $340,892 $349,094 ($8,202) 2010-11 $371,686 $353,062 $18,624 2011-12 $343,349 $443,556 ($100,207) 2012-13 $345,222 $426,375 ($81,153) 2013-14 $350,298 $533,285 ($182,987) 2014-15 $350,298 $533,285 ($182,987) ** 2014-15 Revenue and Expense is based on previous year. Amounts will be updated after 3rd Friday Count.

  8. LIGHTHOUSE LEARNING ACADEMY • Programming for Two Rivers residents who are open enrolled to other districts for virtual schools or were home-schooled • Student enrollment – 15.5 • Cost Savings: $102,842.50 ($6,635 per student) • Range 4K – 9 • Current programming: virtual, home-school and/or blended

  9. FUND 10 BUDGET INCREASE INFORMATION 2013-14 Actual General Fund Expenditures $17,638,724 Less: Amount paid from Fund Balance ($59,774) Net 2013-14 Expenditures-Excluding Fund Balance $17,578,950 2014-15 Budgeted General Fd Expenditures $17,962,373 Less: Amount budgeted from Fund Balance ($114,030) Net 2014-15 Expenditures-Excluding Fund Balance $17,848,343 TOTAL BUDGET INCREASE $269,393 % BUDGET INCREASE 1.53%

  10. BUDGET CUTS / SAVINGS TO BALANCE THE 2014-15 BUDGET Second payment for back-up system - paid from Fund Balance $24,030 Supplemental Special Education Aid 125,000 Building Budget savings rolled over to 2014-15 90,000 Reduction of a Special Education Aide at L.B. Clarke 9,162 Transfer of a teacher to Title I grant at Magee 82,231 Reduction of Family and Consumer Education at L.B. Clarke 70,371 Deduction of increase for utilities - energy upgrades 20,280 Overload savings for 2014-15 22,516 Health Insurance Renewal Savings 248,279 TOTAL BUDGET CUTS / SAVINGS: $691,869

  11. FUND 73 – EMPLOYEE BENEFIT TRUST FUND SUMMARY Balance of the trust – June 30, 2014 $491,349.60 Investment Return – June 30, 2014 $15,743.63 Contributions – July 1, 2013 to June 30, 2014 $787,481.23 Distributions – July 1, 2013 to June 30, 2014 $747,240.51 Investment Manager: Trust Administrator: MidAmerica Administrative & Retirement Solutions, Inc. Custodians of the Trust: AUL – Rate of Return 2.50%

  12. FUND 10 - FUND BALANCE SUMMARY 2014-15 BEGINNING FUND BALANCE $2,936,319 Budgeted Revenue - General Fund 17,848,343 Budgeted Expenses - General Fund (17,962,373) 2014-15 BUDGETED ENDING FUND BALANCE $2,822,289 FUND BALANCE APPROPRIATION: Expenditure for Back Up System $24,030 Building Budget Savings from 2013-14 90,000 TOTAL FUND BALANCE APPROPRIATION $114,030

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