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


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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

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

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Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

WELCOME

TO THE

2007 - 2008

BUDGET HEARING

AND

ANNUAL MEETING

OF THE

SCHOOL DISTRICT

OF

SOUTH MILWAUKEE


Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

  • 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


Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

  • 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


Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

  • 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.


Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

  • 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


Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

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


Mill rate comparison 2006 07

Mill Rate Comparison(2006-07)


Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

Mill Rate History


Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

1993-2006 Tax Levy History

(All Funds)


Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

  • 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


Welcome to the 2007 2008 budget hearing and annual meeting of the school district of

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