WELCOME
Download
1 / 19

WELCOME TO THE 2007 - 2008 BUDGET HEARING AND ANNUAL MEETING OF THE SCHOOL DISTRICT OF - PowerPoint PPT Presentation


  • 90 Views
  • Uploaded on

WELCOME TO THE 2007 - 2008 BUDGET HEARING AND ANNUAL MEETING OF THE SCHOOL DISTRICT OF SOUTH MILWAUKEE. THE 2007-08 SCHOOL YEAR Continued work to improve academic achievement through high standards and rigorous curriculum

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' WELCOME TO THE 2007 - 2008 BUDGET HEARING AND ANNUAL MEETING OF THE SCHOOL DISTRICT OF ' - lawrence-oneal


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

WELCOME

TO THE

2007 - 2008

BUDGET HEARING

AND

ANNUAL MEETING

OF THE

SCHOOL DISTRICT

OF

SOUTH MILWAUKEE


  • THE 2007-08 SCHOOL YEAR

  • Continued work to improve academic achievement through high standards and rigorous curriculum

  • $820,561 in budget reductions- the gap between revenues and expenditures

  • Infrastructure work including:

    • PLTW tables for the High School Tech Ed Department

    • Walkway at Luther Elementary

    • Projection systems at Middle & High School

    • Security Systems at Blakewood, Lakeview & Luther Elementary Schools

    • Battery backup connected to generator for Technology Department

    • Maintenance vehicle for the Operations Department

    • Basketball hoops for the High School


  • WHY $820,561 IN REDUCTIONS?

  • (The Gap Between Revenues & Expenditures)

  • Revenue limits control the total amount of taxes and general state aid a school district can collect

  • This amount is allowed to increase annually by the CPI, the 2007 increase is 2.8%

  • State mandates and guidelines often limit the District’s ability to balance the budget


  • FUTURE BUDGETS

  • As long as revenue limits are in place and expenses increase at a greater rate than revenues, the district will be facing a budget gap.

  • We expect to see continued reductions for the 2008-09 school year.


  • 2007-08 REDUCTION SUMMARY

  • The $820,561 gap between revenue and expenditures was addressed as follows:

    • Staff reductions

    • Copy center lease changes

    • Budget reductions at all schools and departments that include employee travel, paper, postage, dues/fees and supplies

    • Revenue increases in special education aid, school fees and open enrollment


2007

-

08

BUDGET

INCREASE

SUMMARY

2007

Actual

2008

Proposed

Inc/(Dec)

TOTAL Costs

+ $894,470

$34,008,000

$34,902,470

(Fund 10 & 27)

2.6

%

1. Salaries

$

946,223

2. Fringe Benefits

$420,904

3. Purchased Services

($365,046)

4. Supplies and Equipment

($117,957)

5. Debt Retirement

$24,844

6. District Insurance

(

$39,465)

7

. Other Misc. (Debt, Fees, Etc.)

($32,218)

8. Interfund Transfers

$

57,185

TOTAL EXPENDITURE INCREASE

$894,470





  • SUMMARY

  • Budget reductions made primarily due to revenue limits and declining enrollments

  • Projected mill rate of $9.57 – remains lower than 2006-07

  • Budget will change after 3rd Friday enrollment count, final certification of state aid and property valuation

  • Rising costs of insurance and utility costs will continue even with controls

  • Future state legislation uncertain

  • 2008-09 will likely see another year of reductions


Questions

&

Answers


ad