2015-16 Proposed Budget. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance &...

2015-16Proposed Budget

July 1 - June 30 DISTRICT BUDGET

Budget Approved in August by Finance & SBBudget Hearing/Annual Meeting in Sept.Budget Finalized in October by Board

Property Value – October 1Student Enrollment - 3rd Friday in September

Transfer of ServiceState Aid - October 15

Budget Factors

State Aid: • District Property Value and • Prior year average of Sept. and Jan. Enrollment.

Revenue Limit: • District Property Value, • 3-year average of Sept. and Summer School Enrollment, • Transfer of Service, • Prior Year Spending, • Referendums, and• State Aid.

Budget Factors

Estimated State Aid

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

$13,044,230

$13,788,938$13,816,876

$14,255,864

$14,544,152

$14,025,023$13,695,187

$12,325,668

$12,936,172

$14,107,283

$13,464,519

$12,960,525

Equalization Aid

Property Values

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

$1,273,936,016$1,300,392,680

$1,321,874,401

$1,263,139,024$1,245,693,492

$1,147,127,852$1,140,177,336

$1,158,687,367$1,158,568,255

Property Values

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

2015-16

2350

2400

2450

2500

2550

2600

25502560

25712566

2535 25262535 2536

2505

2486 248124752467 2463 2462

2473

2455

2438

Revenue Limit Membership

Operational Referendums

2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-160%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Untaxed Referendum Dollars

Used Refer-endum Dollars

Budget Revenues: State Aid and TaxesBudget Expenses:

Salaries and FringesTransportationInsuranceSupplies and EquipmentMaintenance UtilitiesContracted Services

GENERAL FUND (FUND 10) $27,208,085

DEBT SERVICE (FUND 30)$326,000

Maintenance Referendum

Funds that Impact the Levy:

CAPITAL PROJECTS (FUND 40) $0.00

Fund 2015-16 Receipts

2015-16 Expenditures

General Fund (Fd 10) 27,208,085 27,208,085

Debt Service Fund (Fd 30)From Fund Balance

320,2005,800

326,000

Capital Expansion Fund (Fd 40) 0 0

Funds 10, 30, 40 are used in the Levy calculation. Funds 20, 50, 60, 70, 80, 90 are not used to calculate the Levy.

27,534,085 27,534,085

Budget to Taxy Levy

To determine the property tax levy:

Revenue Limit- minus

State Equalization Aid= equals

Property Tax Levy

PROJECTED 15-16 LEVY

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16$10,000,000

$10,500,000

$11,000,000

$11,500,000

$12,000,000

$12,500,000

$13,000,000

$12,744,014

$12,157,600

$12,423,434

$11,739,887

$10,937,915

$11,567,154$11,566,061

Each municipality’s share of the levy is determined by its share of the total equalized value.2014 2014 2013

County Municipality Value Valuation % Valuation %Columbia C Portage $538,712,900 46.49% 47.54%Columbia T Caledonia $179,318,995 15.48% 15.03%Columbia T Dekorra $191,437 0.02% 0.02%Columbia T Ft. Winnebago $71,763,500 6.19% 6.06%Columbia T Lewiston $116,609,288 10.06% 10.13%Columbia T Marcellon $1,067,390 0.09% 0.09%Columbia T Pacific $172,321,334 14.87% 14.74%Columbia T Wyocena $4,256,446 0.37% 0.37%Marquette T Douglas $16,374,777 1.41% 1.43%Marquette T Moundville $43,649,900 3.77% 3.42%Marquette V Endeavor $14,029,700 1.21% 1.13%Sauk T Greenfield $391,700 0.03% 0.04%TOTAL 12 Municipalities $1,158,687,367 100.00% 100.00%

2014 2014 2013County Municipality Value % %

Columbia C Portage $538,712,900 46.49% 47.54%Columbia T Caledonia $179,318,995 15.48% 15.03%Columbia T Dekorra $191,437 0.02% 0.02%Columbia T Ft. Winnebago $71,763,500 6.19% 6.06%Columbia T Lewiston $116,609,288 10.06% 10.13%Columbia T Marcellon $1,067,390 0.09% 0.09%Columbia T Pacific $172,321,334 14.87% 14.74%Columbia T Wyocena $4,256,446 0.37% 0.37%Marquette T Douglas $16,374,777 1.41% 1.43%Marquette T Moundville $43,649,900 3.77% 3.42%Marquette V Endeavor $14,029,700 1.21% 1.13%Sauk T Greenfield $391,700 0.03% 0.04%

TOTAL 12 Municipalities $1,158,687,367 100.00% 100.00%

PROJECTED TAX IMPACT

$9.98 Mill Rate

$100,000 Home

$998. Tax Amount

Mill Rate – History

Fall 1990

Fall 1991

Fall 1992

Fall 1993

Fall 1994

Fall 1995

Fall 1996

Fall 1997

Fall 1998

Fall 1999

Fall 2000

Fall 2001

Fall 2002

Fall 2003

Fall 2004

Fall 2005

Fall 2006

Fall 2007

Fall 2008

Fall 2009

Fall 2010

Fall 2011

Fall 2012

Fall 2013

Fall 2014

16.5517.1817.50

17.17

15.1114.05

10.94

9.32

9.73

9.198.16

8.988.60

9.109.32

8.778.76

8.619.10

9.64 9.629.97 10.23

9.59 9.98

Historical Mill Rates

MILL RATE COMPARISON

Note: Budget adjustments are made in Octoberbased on student enrollment, state aid certification, transfer of service allocation, district adjustment, the state voucher program, and property valuations.