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Preliminary Budget 2008-09 School Year May 5, 2008 Shawano School District
Revenue Limit 2008-09 • 2008-09 School Year$23,866,498.00 • 2007-08 School Year $23,126,512.00 • Increase $ 739,986.00 • Based on enrollment projections and rate per student of $9,481.09.
Equalized State Aid & Local Tax Levy The Revenue Levy ($23,866,498.00) Equals the Local Tax Levy & the Equalized State Aid. We cannot determine the exact tax levy, etc. until October 15.
Local Tax Levy $ • General Fund ??? • Debt Retirement 2,150,000 • Community Services 157,418 Total ??? • Increase in TaxLevy $ ???
Tax Levies CESA • 2007-08 Mill Rates for CESA 8 Schools range from 6.17 to 11.26 mills. • Shawano’s mill rate is 6.78 mills. • As you can see Shawano has one of the lowest mill rate.
Mill Rate for 2008-09 The State of Wisconsin has not done an estimate of State Aid for the 2008-09. We will receive a 5% increase in State Aid after it is determined. We will present a tentative mill rate for 2008-09 when we present our July budget for the Annual meeting. The mill rate will be finalized in October.
Preliminary Budget Notes • Budget was prepared assuming… • Entire 2007-08 budget will be spent except for a portion of the Middle School roofing project. • Third Friday in September 2008 plus Summer School count will not be less than 2473 FTE. • 132 Open enrollment students.
Revenue Review • Decrease in Interest Income form $175,000 to $135,000. • Increase in Open Enrollment revenue from $525,000 to $700,000. • Federal Projects budgeted only the current year allocation.
Expenditure Review • Salaries for teachers & support staff negotiated. • Addition of 2.5 Instructional staff members. • Prioritizing of maintenance budget with Bldgs. & Grounds Committee. • Currently $435,176 earmarked for operational and maintenance projects.
Expenditures Review Cont. • Health insurance costs anticipated to increase less than 5%. • OPEB funding Annual required Contribution $686,871 + $50,000. • Rental of Facilities offsite still being negotiated. • Second year of implementation of district wide telephone system.
Expenditures Review Cont. • Pupil Transportation costs continue to increase because of the high cost of fuel. Increase of $92,375 in budget. • Proposal by SMU to increase Sewerage by 24%.
Instructional Budgets • Schools prepared budget for their schools (Site Based Management). • Three (3%) increase in instructional budget. • Total expenditures for instructional budget $987,729. • Administrators will explain their school budgets.
Resource (Textbooks) • Resource (Textbook) Allocation - $117,008. • Follows cycle set up by administrators. • This year – • Grades K-4 Science • Grades 9-12 Language Arts
General Fund Special Projects (Spec. Ed.) Debt Retirement Food Services Community Services Co-op Programs (Summer) 26,156,934 4,496,245 2,063,913 No Budget 212,418 499,429 Preliminary Budget Expenditures
Budget Changes • Budget Increase $567,044 • Percent Increase 1.92%
In Conclusion • This is a preliminary budget and it will be revised as information becomes available. • In July, we will present the budget in function number order for adoption at the Annual Meeting.