School District of Mauston

2015-16 Budget

“2020” VISION

Challenge

Learn

Grow

Succeed!

General(Fund 10)

Special Projects(Fund 20)

Debt Service(Fund 30)

Capital Projects(Fund 40)

Food Service (Fund 50)

Community Service (Fund 80)

FUNDS USED

Fund 10General Fund

Balanced Budget at $16,531,794

Fund Balance $4,796,129 or 29% of Fund 10 Expenditures

($61,428 to Fund Balance)

.34% of Expenditures

Why Do We Have a Fund Balance?• Avoid excessive short term borrowing

• Be able to make unforeseen one time expenditures

• Enhance bond rating

How Large Should It Be?

From the DPI: “An amount sufficient that short term borrowing for cash flow could be avoided and would also allow the district to set aside sufficient assets to realize its longer range goals.”

Grants2014-15 2015-16

Youth Apprenticeship - $16,017 Youth Apprenticeship - $14,767

Carl Perkins - $14,775 Carl Perkins – $16,899

OMS Taste Testing Grant - $1,200 Educator Effectiveness - $10,800

2 Smarter Lunchroom Grants - $1,000 Second Harvest Grant – $2,500

Native American Grant - $10,932 Native American Grant - $7,344

2 Fresh Fruit & Vegetable Grants – $29,733 2 Fresh Fruit & Vegetable Grants - $20,540

Montessori Charter School Grant - $150,000 Food Service Equipment Grant - $18,100

Second Harvest Grant $2,500 Wisconsin Technology Initiative Grant - $50,000

Educator Effectiveness - $10,800

Total = $236,957 Total = $140,950

Fund 21Special Projects Fund

Donations for 2014-15 Approved at Board of Education Meetings

$76,297

2013-14 - $31,885

Booster Club has Paid off School Sign Loan for $30,000

Funds 38 & 39Long-Term Debt

Balance as of 6/30/15 - $10,390,000

Paid Off: WRS Unfunded Liability - $150,000

Booster Club Sign - $30,000

Original Bond Issues Were Scheduled to Be Paid Off In 2020 - $10,220,000

Additional Referendum Debt Paid Off in 2020-21 - $2,500,000

$1,655,000 – QZAB (Qualified Zone Academy Bonds– 0% Interest)

$845,000 – Promissory Note (Bank of Mauston – 1.4% Interest)

Saved with QZAB - $324,164 in Interest Costs

Mil Rate Impact – Originally Projected at $0.08/$1,000 – Now Negative $0.03/$1,000

Fund 50Food Service Fund

Deficit - $46,877

2013-14 $67,968

Projecting a Deficit of $33,144 for 2015-16

New In Food Service

Healthy Food Act Requirements and Training

New Food Service Directors-2,500-9,999 Students

(Associate Degree with 2 years School Nutrition Experience)

12 Hours Continuing Education/Training (6 for 2015-16)

Other Food Service Employees

Staff at Least 20 Hours/Week- 6 Hours (4 for 2015-16)

Staff Less Than 20 Hours/Week – 4 Hours

After School Snacks and Summer Meals 2013-14

9,774 snacks given away since Nov.

2014-15

15,337 snacks

2013-14

Summer meals served- 12,822

Breakfast – 3,423

Lunch – 9,399

2014-15

Summer meals served – 12,979

Breakfast – 3,759

Lunch – 9,220

New – Adults Can Eat Lunch

Newin Fund 80

PI80 Permanent Rule (In Effect Back to July 2014)

One-time Opportunity for Fund 80 Balance Transfer (2014-15 Only)

Transferred $63,110 to Fund 21

Fund 10 – Pay for Pool Supplies, Custodial Time and Utilities

Fund 21- Pay for Maintenance/Repairs of the Pool

Fund 80 – Pool Director/Lifeguards/Community Musical Expenses

Affordable Care Act

What’s Happening Next?

The District is Preparing:

Contracted with Health Insurance Consulting Service

Preparing for Required Reporting in January

Open Enrollment2013-14

In – $563,331.55

Out – $371,123.17

Net – $192,208.38

2014-15

In - $600,480.58

Out - $521,836.82

Net - $78,643.76

Equalization Aid

Actual 2014-15 Projected 2015-16

$8,810,563 $9,013,569

Tax Levy2015-16

Fund 10$5,116,061

Fund 39$2,415,963

Fund 41$ 75,800

Fund 80$ 31,478

TOTAL $7,639,302 (Down 2.83%)

Property Values/Mil Rate

Fall 2014 Actual - $646,832,520 Fall 2015 Estimate from Baird - $647,572,174

Increase of .1%

Final 2014-15 Mil Rate - $12.15/$1,000

2015-16 Mil Rate - $11.81/$1,000 (Projected as of 8/24/15)

Taxes on property valued at $100,000 would be $1,181.

Questions?