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School District of McFarland

School District of McFarland. 2008 2009 Budget. 2008-09 Budget Timeline. November to June 16, 2008, but…. Still to come…. Third Friday in September Count Equalized Value State Aid. Third Friday in September. Estimates are used at this time: For Kindergarten we use Birth Rates

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School District of McFarland

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  1. School DistrictofMcFarland 2008 2009 Budget

  2. 2008-09 Budget Timeline • November to June 16, 2008, but…. • Still to come…. • Third Friday in September Count • Equalized Value • State Aid

  3. Third Friday in September • Estimates are used at this time: • For Kindergarten we use • Birth Rates • 3 year old screening • Information from Tom • For 1-12 we use • Survival Ratios • Must Factor in Open Enrollment

  4. Equalized Value • Past History • 8-9% growth • 1/3 for new growth • 2/3 for existing • No major changes • TIF District 15 to 20 years out

  5. State Equalized Aid • In house estimate (DPI Est. Delayed) • Using simplified percentage method • Based on changes to state law, flat or decreasing • Changes in State Law for Aid • Aid, $4.722 Billion (06-07 & 07-08) • Aid, $4.299 Billion (08-09), .8% Increase • Credit, $593 Million to $672 million to $822 million • 38% Increase • Est. $400,000 to McFarland School District Taxpayers • Reduce Property Tax Bill Directly • October 15th • Final Aid Calculation • Each $100,000 change in Aid changes mill rate by 8 cents per $1,000 or $24 per for a $300,000 home

  6. School Levy Credit

  7. General Fund Revenues • Total $21.7 million, a 4.8% increase • Local Sources • $702,000 Increase or about 7.9% • State Sources (No Direct Increases) • Inter-District (Open-enrollment) • 60% Increase

  8. Revenue Cap $20.7 million

  9. Third Friday in September Count • FTE used for revenue cap • Revenue cap is based on 3 year rolling avg

  10. Revenue Cap • Revenue Cap is $20.7 Million • 95% of Revenues for Fund 10 • Increase of $959,050 (4.8% Inc) • 61% of increase for Inflation/Base Membership • 28% Referendum (5 of 5 years) • 10% Transfer of Service • 1% Actual New Enrollment • Cap is Filled by State Aid and Local Property Tax. • Equalization Aid $10.7 million • Property Tax $10 Million

  11. History of Revenues • Property tax % share lower than Four other decades • 1974-75, Highest Prop. Tax of 5 budgets presented

  12. 2005-06, $102,990 net • 2008-2009, $779,547 net • Represents 4.3% of the overall revenue • Increase of 30% • Cash flow issues, $930,622

  13. General Fund Expenditures • Increase of $1 million • $870,000 for General Instructional Services • $371,000 (7.75 FTE) new teaching for enrollment • $125,000 for Support Services • $11,000 for Other

  14. 72.4% Salaries and benefits • 9.3% Purchased Services (Utilities and Transportation) • 12% Spec. Educ. Sal. & Ben. (Transfer to Fund 27)

  15. 67% of Special Education is Local • 21% is from State Categorical Aid • Based on % of Previous Years Expenses

  16. 89% For Salaries and Benefits

  17. Next Steps • Balanced Budget (+ $2,000) • September-Review Final Staffing needs based on Actual Enrollment • September/October-Finalize Budget • 3rd Friday in September • Equalized Aid • Tax levy

  18. Fund 38 & 39 (Debt Service) • Fund 38 Debt paid off in 07-08 • Debt within Revenue Cap • Advance Refunding in 06/07 and 07/08 • 08-09, $250,000 to be used in Capital fund • 09-10, beyond, budget deficit

  19. Future Debt Service • No real changes • Can’t shift to other budgets • Decrease goes directly back to taxpayers

  20. Fund 41--Capital Projects

  21. Fund 50 (Food Service)

  22. Fund 50 (Food Service) EXPENSE • Estimated Food Costs up 20 to 30% • 5% increase in Wages • Health insurance up $20,000 due to participant changes.

  23. Fund 50 (Food Service) Revenue • Meal costs increase 30 cents per meal • State and Federal reimbursement stays same. • State .15 Breakfast, .045 lunch • Federal .24 Breakfast, .23 lunch

  24. Fund 80 (Community Service)

  25. FUND 80 COMMUNITY SERV. EXPENSE • Aquatics • Lifeguards/Adm. • Supplies • Community Rec. • Workers/Adm. • Refs • Supplies • Police Liaison

  26. FUND 80 COMMUNITY SERV. REVENUE • Property Tax • Activity Fees • Rental Fees • Donations • No Fee Increases

  27. Tax Impact (Estimated) • Tax on $300,000 Home in 2008, $3,219 • $510 direct reduction for School Levy Credit • Tax on $316,800 Home in 2009, $3,393 • $174 increase • $665 direct reduction for School Levy Credit • 22% Increase due to state shift in funding, Credit vs Aid • $665-$510=$155 increased Credit • $174-$155=$19 Increase tax bill for School Purposes • Assumes 5.6% home value growth • Overall 8.4% Growth (Revaluation, could be lower) • 1/3 for new growth • 2/3 for existing growth

  28. Budget Projections (Draft) -Estimated Referendum of 2012-2013

  29. What’s Next • September--Third Friday in September • Sept./Oct.--Finalize use of budget • October--Equalized Value • October--State Aid • October--Set Final Levy • November/December—Start the Process Again

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