School District of Waupaca 2013-2014 Budget Hearing Tax Levy Certification

School District of WaupacaSchool District of Waupaca2013-20142013-2014

Budget HearingBudget HearingTax Levy CertificationTax Levy Certification

October 29, 2013October 29, 2013

““Do not go where the path may lead, go instead where there Do not go where the path may lead, go instead where there is no path and leave a trail.” is no path and leave a trail.”

Ralph Waldo Emerson Ralph Waldo Emerson American Poet American Poet

The Budget TrailThe Budget TrailThe Final DestinationThe Final Destination

Budget OverviewBudget Overview

All Budgeted Expenses for all Funds remain All Budgeted Expenses for all Funds remain the same as presented at the October 8, 2013 the same as presented at the October 8, 2013 Regular Board Meeting.Regular Board Meeting.

Which equates to a 3.09% Which equates to a 3.09% Overall Overall Fund 10Fund 10 Expense Increase from 2012-13Expense Increase from 2012-13 (See Budget Summary (See Budget Summary Sheet )Sheet )

The District Proposes Taxing Below the Legal The District Proposes Taxing Below the Legal Allowable Revenue Limit by Allowable Revenue Limit by $2,702,005 $2,702,005 Million DollarsMillion Dollars

Budget OverviewBudget Overview

- The 2013-14 proposed budget basically proposes a $155,000 revenue The 2013-14 proposed budget basically proposes a $155,000 revenue shortfall (Fund 10 = Revenues $22,314,179 – Expenses = $22,470,786). shortfall (Fund 10 = Revenues $22,314,179 – Expenses = $22,470,786). Reason: The 2012-13 final budget attained a $255,000 surplus ($36,000 of Reason: The 2012-13 final budget attained a $255,000 surplus ($36,000 of which was generated from a health insurance credit). The district proposes which was generated from a health insurance credit). The district proposes to add $100,000 of this year’s revenues toward the districts OPEB liability.to add $100,000 of this year’s revenues toward the districts OPEB liability.

- The overall Fund 10 Revenue Budget therefore increases by approximately The overall Fund 10 Revenue Budget therefore increases by approximately $100,000 while the overall Fund 10 expense budget remains the same as $100,000 while the overall Fund 10 expense budget remains the same as presented at the October 8, 2013 meeting.presented at the October 8, 2013 meeting.

The Total of all Designated Fund Balance will decline by approximately The Total of all Designated Fund Balance will decline by approximately $155,000 due to budgeting expenses more than revenues. While the OPEB $155,000 due to budgeting expenses more than revenues. While the OPEB Designated Fund Balance will increase by $100,000. Designated Fund Balance will increase by $100,000.

Factors that Contribute Factors that Contribute to the Tax levyto the Tax levy

General Aid Certification General Aid Certification

Student Enrollment Student Enrollment

Overall District Property Valuation Overall District Property Valuation

General State AidGeneral State Aid Based upon a July 2013 estimate from the Department of Public Based upon a July 2013 estimate from the Department of Public

Instruction general aid for the district was estimated at $8,687,385 at Instruction general aid for the district was estimated at $8,687,385 at this year’s October 8, 2013 Regular Board Meeting. The final general this year’s October 8, 2013 Regular Board Meeting. The final general aid certification amount, which the district received last week reflects an aid certification amount, which the district received last week reflects an increase amount as shown in Table 2.0 below.increase amount as shown in Table 2.0 below.

General AidTable 2.0

Board Meeting Actual General Aid Certification(October 8, 2013) (October 29, 2013) Change

$8,687,385 $8,912,843 $225,458

$3,459,832 $3,459,832 4 Year Cumulative 4 Year Cumulative

General State Aid LossGeneral State Aid LossShifts the Tax Burden to TaxpayerShifts the Tax Burden to Taxpayer

$854,349

$787,947

$1,068,422

$749,114

$0 $500,000 $1,000,000 $1,500,000

2008-09

2009-10

2011-12

2012-13

School District of Waupaca General State Aid Loss History

The Effect The Effect

School District of Waupaca Actual

Tax Dollars Collected

$12,183,342 $12,481,694$12,986,604 $12,966,527

$14,343,370 $14,646,795

$10,000,000

$11,000,000

$12,000,000

$13,000,000

$14,000,000

$15,000,000

$16,000,000

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Projected

Overall Tax Levy Comparison to Overall Tax Levy Comparison to Last Year (2012-13)Last Year (2012-13)

Tax Levy

2012-13 Actual Tax Certification 2013-14 Actual Tax

Certification

(October 30, 2012) (October 29, 2013) Change

$ 14,343,370 $14,646,795 $303,425

Overall Tax Levy Comparison to Overall Tax Levy Comparison to Finance Meeting ProjectionsFinance Meeting Projections

Table 1.0Tax Levy

Budget - Regular Board Meeting Actual Tax Certification(October 8, 2013) (October 29, 2013) Change

$14,785,323 $14,646,795 ($138,528)Mill Rate Per 1000 of Property Valuation Actual Mill Rate

(October 8, 2013) (October 29, 2013)$10.75 $10.65 ($0.10)

Student EnrollmentStudent EnrollmentMembership CountMembership Count

As I indicated at this year’s Finance Meeting the As I indicated at this year’s Finance Meeting the district anticipated a decrease in student enrollment district anticipated a decrease in student enrollment from the prior year thus I estimated the combination of from the prior year thus I estimated the combination of these two counts to be 2173 students. Table 3.0 shows these two counts to be 2173 students. Table 3.0 shows the final student enrollment count used for revenue the final student enrollment count used for revenue limit purposes belowlimit purposes below

Table 3.0Enrollment

Board Meeting Estimate Actual (October 8, 2013) (October 29, 2013) Difference

2173 2174 1

(Per Revenue Limit Worksheet)

Overall Property ValuationOverall Property Valuation The district, in conjunction with Wisconsin Public Finance The district, in conjunction with Wisconsin Public Finance

Professionals, LLC (at no cost to the district) anticipated at this Professionals, LLC (at no cost to the district) anticipated at this year’s October 8, 2013 Meeting that the overall property valuation year’s October 8, 2013 Meeting that the overall property valuation to decline by 0.26% ($3,600,367) projecting the overall property to decline by 0.26% ($3,600,367) projecting the overall property valuation to be $1,375,075,555. Actual property valuation was valuation to be $1,375,075,555. Actual property valuation was certified by the Department of Revenue in late October with a certified by the Department of Revenue in late October with a decline of 0.27% equaling $1,374,704,132.decline of 0.27% equaling $1,374,704,132.

Table 4.0Property Valuation

Board Meeting Estimate Actual Projection(October 8, 2013) (October 29, 2013) Difference Variance

$1,375,075,555 $1,374,704,132 $371,423 0.02701%

Property Valuation HistoryProperty Valuation History

School District of Waupaca Property Valuation History

$1,466,275,377$1,485,814,343

$1,464,982,854

$1,407,475,129

$1,378,675,922 $1,374,704,132

$1,300,995,004

$1,331,250,702

$1,361,506,400

$1,391,762,097

$1,422,017,795

$1,452,273,493

$1,482,529,191

$1,512,784,889

2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 Est.

Tax LevyTax Levy

The 2013-2014 necessary tax levy to support this The 2013-2014 necessary tax levy to support this year’s budget is $14,646,795. At this year’s Regular year’s budget is $14,646,795. At this year’s Regular Board Meeting on October 8, 2013 the tax levy for Board Meeting on October 8, 2013 the tax levy for the district was estimated at $14,785,323, meaning the district was estimated at $14,785,323, meaning the overall tax being requested in comparison to the the overall tax being requested in comparison to the October 8th Meeting estimate is less. October 8th Meeting estimate is less. (This includes (This includes funds 10, 39, 41 and prior year property charge funds 10, 39, 41 and prior year property charge backs)backs)

DISTRICT:

1. 2012-13 Base Revenue (Funds 10, 38, 41) (from left) 20,009,6732. Base Sept Membership Avg (10+.4ss, 11+.4ss, 12+.4ss/3) (from left) 2,246

2012-13 General Aid Certification (12-13 Line 12A, src 621) + 8,884,464 3. 2012-13 Base Revenue Per Member (Ln 1 / Ln2) (with cents) 8,909.032012-13 Computer Aid Received (12-13 Line 17, Src 691) + 31,839 4. 2013-14 Per Member Change (A+B) 190.972012-13 Hi Pov Aid (12-13 Line 12B, src 628) + 0 A. Allowed Per Pupil Change (+$0.00/Member) 75.002012-13 Fnd 10 Levy Cert (12-13 Line 18, Src 211) + 11,093,370 B. Low Rev Incr ((9,100 - (3 + 4A))-4C) Not < 0 115.972012-13 Fnd 38 Levy Cert (12-13 Line 14B, Src 210) + 0 C. Low Rev Dist in CCDEB (Enter DPI Adjustment) 0.002012-13 Fnd 41 Levy Cert (12-13 Line 14C, Src 210) + 0 5. 2013-14 Maximum Revenue / Memb (Ln 3 + Ln 4) 9,100.002012-13 Aid Penalty for Over Levy (12-13 FINAL Rev Limit Worksheet) - 0 6. Current Membership Avg (11+.4ss, 12+.4ss, 13+.4ss/3) (from left) 2,2072012-13 Penalty for Unspent Energy Exemption (12-13 FINAL Rev Limit Worksheet)- 0 7. 2013-14 Rev Limit, No Exemptions (Ln7A + Ln 7B) (rounded) 20,083,7002012-13 Total Levy for All Levied Non-Recurring Exemptions* - 0 A. Max Rev/Memb x Cur Memb Avg (Ln 5 x Ln 6) 20,083,700NET 2012-13 Base Revenue (LINE 1) = 20,009,673 B. Hold Harm Non-Recurr Exemption 0

8. Total Recurring Exemptions (A+B+C+D+E+F) (rounded) 2,509,564A. Prior Year Carryover 2,508,327B. Transfer of Service (if negative, include sign) 1,237C. Transfer of Territory (if negative, include sign) 0D. Federal Impact Aid Loss (2011-12 to 2012-13) 0

E. Recurring Referenda to Exceed (If 2013-14 is first year) 0 <<Enter if not pre-filled

Line 2: Base Avg:(10+.4ss)+(11+.4ss)+(12+.4ss) / 3 = 2,246 9. 2013-14 Limit with Recurring Exemptions (Ln 7 + Ln 8) 22,593,2642010 2011 2012 10. Total 2013-14 Non-Recurring Exemptions (A+B+C+D) 354,900

Summer fte: 46 44 46 A. Non-Recurring Referenda to Exceed 2013-14 Limit 0 <<Enter if not pre-filled

% (40,40,40) 18 18 18 B. Declining Enrollment Exemption for 2013-14 (from left) 354,900Sept fte: 2,274 2,209 2,201 C. Energy Efficiency Exemption for 2013-14 0 <<Enter if not pre-filled

Total fte 2,292 2,227 2,219 D. Adjustment for Refunded or Rescinded Taxes for 2013-14 0E. Prior Year Open Enrollment (uncounted pupils) 0

Line 6: Curr Avg:(11+.4ss)+(12+.4ss)+(13+.4ss) / 3 = 2,207 11. 2013-14 Revenue Limit With All Exemptions (Ln 9 + Ln 10) 22,948,1642011 2012 2013 12. Total Aid to be Used in Computation (12A + 12B) 8,912,843

Summer fte: 44 46 46 A. 2013-14 General Aid (pending outcome of SS SB1) 8,912,843% (40,40,40) 18 18 18 B. State Aid to High Poverty Districts (not all dists) 0Sept fte: 2,209 2,201 2,156

Total fte 2,227 2,219 2,174 13. Allowable Limited Revenue: (Line 11 - Line 12) 14,035,321 (10, 38, 41 Levies + Src 691. Src 691 is DOR Computer Aid.)

Line 10B: Declining Enrollment Exemption = 354,900 14. Total Limited Revenue To Be Used (A+B+C) Not >line 13 11,333,316Average FTE Loss (Line 2 - Line 6, if > 0) 39 Entries Required Below: Amnts Needed by Purpose and Fund:

X 1.00 = 39 A. Gen Operations: Fnd 10 including Src 211 & Src 691 11,333,316 (Proposed Fund 10)

X (Line 5, Maximum 2013-2014 Revenue per Memb) = 9,100.00 B. Non-Referendum Debt (inside limit) Fnd 38 Src 210 (to Budget Rpt)

Non-Recurring Exemption Amount: 354,900 C. Capital Exp, Annual Meeting Approved: Fnd 41 Src 210 (to Budget Rpt)

15. Total Revenue from Other Levies (A+B+C+D): 3,358,686Line 17: State Aid for Exempt Computers = 45,207 A. Referendum Apprvd Debt (Non Fund 38 Debt-Src 210) 3,358,686

Line 17 = A X (Line 16 / C) (to 8 decimals) (Rounds to Dollar) B. Community Services (Fnd 80 Src 210) (to Budget Rpt)

2013 Property Values (estimate until Oct '13 values are available) C. Prior Year Levy Chargeback (Src 212) (to Budget Rpt)

A. 2013 Exempt Computer Property Valuation Required + 4,243,000 D. Other Levy Revenue - Milwaukee & Kenosha Only (to Budget Rpt)

B. 2013 TIF-Out Tax Apportionment Equalized Valuation + 1,374,704,132 16. Total Levy + Src 691, "Proposed Levy" (Ln 14 + Ln 15) 11,288,109 14,692,002C. 2013 TIF-Out Value plus Exempt Computers (A + B) = 1,378,947,132 17. Est Src 691 (Comp Aid) Based on Ln 16 & Values Entered (to Budget Rpt) 45,207 Computer aid replaces a portion of proposed Fund 10 Levy 18. Fnd 10 Src 211 (Ln 14A-Ln 17), 2013-14 Budget 11,288,109

Line 18 ( not 14A) is the Fund 10 Levy certified by the Board.19. Total Fall, 2014 All Fund Tax Levy (14B + 14C + 15 + 18) 14,646,795

Line 19 is the total levy to be apportioned in the PI-401. Levy Rate = 0.01065451CELL COLOR KEY: Auto-Calc DPI Data District Enters 20. Fund 30 Src 210 (38 + Non-38) (Ln 14B + Ln 15A) 3,358,686

2013-2014 Revenue Limit Worksheet

Count Ch. 220 Inter-District Resident Transfer Pupils @ 75%.

Line 1 Amount May Not Exceed Line 9 minus Line 7B of Final 12-13 Revenue Limit

September & Summer FTE Membership Averages

DATA AS OF 10/17/2013

*For 2012-13 Non-Recurring Exemptions Levy Amount, enter actual amount for which district levied; (7B Hold Harmless, Non-Recurring Referenda, Declining Enrollment, Energy Efficiency Exemption, Refunded/Rescinded Taxes, Prior Year Uncounted Open-Enroll. Pupils)

Districts are responsible for the integrity of the revenue limit data & computation. Data appearing here reflects information submitted to DPI and is unaudited.

Waupaca 6195

Worksheet is available at: http://sfs.dpi.wi.gov/sfs_revlimworksheet

Fund 10, PI-401 0Fund 38, PI-401 0Fund 41, PI-401 0

0

Chargeback, PI-401 0Fund 39, PI-401 0Fund 80, PI-401 0Fund 48/Other, PI-401 0

Total, PI-401 0

Computer Aid 45,207 <---- don't change

0You have underlevied by: 2,702,005

Total Non-Recurring Exemptions: 354,900LEVIED Total Non-Recurring Exemptions: 0

(to be removed from subsequent year's base)

Eligible carryover into subsequent year: 2,347,105

DPI Reconciliation

Results

(Non-recurring exemptions reduce the amount of underlevy that is eligible to be carried over into the subsequent year.)

Waupaca 6195

$0

$956,786

$1,538,062

$2,763,000

$2,834,196

$2,702,005

$0 $1,000,000 $2,000,000 $3,000,000

2008-2009

2009-2010

2010-2011

2011-2012

2012-2013

Est. 2013-2014

School District of Waupaca Taxing Under the Allowable Revenue Limit

Fund Balance DesignationFund Balance Designation 2013-2014 Proposed Fund Balance Designation

October 8, 2013 Regular Board Meeting

2012-13 2013-14End of Year End of Year$255,768 Revenues vs. Expenditures ($255,739)

$1,175,488 OPEB Designated Fund Balance $1,175,488$289,363 Designated Debt Reduction $289,363

$6,436,843 Designated Fund Balance $6,181,104

$7,901,694 Total All Designated Fund Balances $7,645,955

Budget Hearing Proposal - October 29, 2013

2012-13 2013-14End of Year End of Year$1,175,488 OPEB Designated Fund Balance $1,275,488

$289,363 Designated Debt Reduction $289,363$6,436,843 Designated Fund Balance $6,180,236

$7,901,694 Total All Designated Fund Balances $7,745,087

GENERAL FUNDAudited

2010-2011Unaudited 2011-2012

Budget 2012-2013

Beginning Fund Balance 7,003,470.47 7,275,437.54 7,645,925.45 Ending Fund Balance 7,275,437.54 7,645,925.45 7,475,925.45 REVENUES & OTHER FINANCING SOURCESTransfers-In (Source 100) 0.00 0.00 0.00 Local Sources (Source 200) 10,051,996.45 9,932,110.07 11,320,234.00 Inter-district Payments (Source 300 + 400) 487,707.20 444,562.00 444,562.00 Intermediate Sources (Source 500) 2,916.72 2,750.00 2,750.00 State Sources (Source 600) 11,486,059.55 10,319,950.82 9,469,239.00 Federal Sources (Source 700) 1,073,856.53 889,232.01 588,751.00 All Other Sources (Source 800 + 900) 140,833.79 155,787.54 82,500.00 TOTAL REVENUES & OTHER FINANCING SOURCES 23,243,370.24 21,744,392.44 21,908,036.00 EXPENDITURES & OTHER FINANCING USESInstruction (Function 100 000) 13,126,078.81 11,505,195.35 11,787,228.00 Support Services (Function 200 000) 8,122,209.23 7,974,517.59 8,182,032.00 Non-Program Transactions (Function 400 000) 1,723,115.13 1,894,191.59 2,108,776.00 TOTAL EXPENDITURES & OTHER FINANCING USES 22,971,403.17 21,373,904.53 22,078,036.00

Kirsten Greenfield District Clerk

Notice is hereby given to the qualified electors of the School District of Waupaca that the budget hearing will be held at the District Office building, on the 30th day of October, 2012 at 6:00pm. The summary of the budget is printed below. Detailed copies of the budget are available for inspection in the District’s office.Dated this 9th day of October, 2012.

(Signed)

School District of WaupacaNotice of Budget Hearing

(Section 65.90(4))

Required Published Budget Summary Format

SCHOOL DISTRICT OF WAUPACAA budget summary, notice of the place where the budget in detail may be examined, the time and place for a public hearing on the budget must be published or distributed under s. 65.90. The required minimum detail for the published summary is as follows:

BUDGET PUBLICATION, 2012-2013

SPECIAL PROJECTS FUNDAudited

2011-2012Unaudited 2012-2013

Budget 2013-2014

Beginning Fund Balance 18,635.16 71,111.79 69,763.74 Ending Fund Balance 71,111.79 69,763.74 72,763.74 REVENUES & OTHER FINANCING SOURCES 3,073,269.20 3,072,057.64 3,260,268.00 EXPENDITURES & OTHER FINANCING USES 3,020,792.57 3,073,405.69 3,257,268.00

DEBT SERVICE FUNDAudited

2011-2012Unaudited 2012-2013

Budget 2013-2014


CAPITAL PROJECTS FUNDAudited

2011-2012Unaudited 2012-2013

Budget 2013-2014

Beginning Fund Balance 724,328.09 764,995.64 799,194.99 Ending Fund Balance 764,995.64 799,194.99 244,819.99 REVENUES & OTHER FINANCING SOURCES 40,667.55 147,859.28 228,724.00 EXPENDITURES & OTHER FINANCING USES 0.00 113,659.93 783,099.00

FOOD SERVICE FUNDAudited

2011-2012Unaudited 2012-2013

Budget 2013-2014


COMMUNITY SERVICE FUNDAudited

2011-2012Unaudited 2012-2013

Budget 2013-2014

Beginning Fund Balance 0.00 0.00 0.00 Ending Fund Balance 0.00 0.00 0.00 REVENUES & OTHER FINANCING SOURCES 0.00 0.00 0.00 EXPENDITURES & OTHER FINANCING USES 0.00 0.00 0.00

PACKAGE & COOPERATIVE PROGRAM FUNDAudited

2011-2012Unaudited 2012-2013

Budget 2013-2014

Beginning Fund Balance 0.00 0.00 0.00 Ending Fund Balance 0.00 0.00 0.00 REVENUES & OTHER FINANCING SOURCES 0.00 0.00 0.00 EXPENDITURES & OTHER FINANCING USES 0.00 0.00 0.00

ALL FUNDSAudited

2011-2012Unaudited 2012-2013

Budget 2013-2014

GROSS TOTAL EXPENDITURES -- ALL FUNDS 28,733,729.16 38,077,392.62 30,996,477.00 Interfund Transfers (Source 100) - ALL FUNDS 1,458,837.29 1,540,434.19 1,751,848.00 Refinancing Expenditures (FUND 30) 0.00 8,525,000.00 0.00 NET TOTAL EXPENDITURES -- ALL FUNDS 27,274,891.87 28,011,958.43 29,244,629.00 PERCENTAGE INCREASE – NET TOTAL FUND EXPENDITURES FROM PRIOR YEAR 2.70% 4.40%

FUNDAudited

2011-2012Unaudited 2012-2013

Budget 2013-2014

General Fund 9,776,265.00 11,093,370.00 11,426,637.00 Referendum Debt Service Fund 3,135,000.00 3,250,000.00 3,358,686.00 Non-Referendum Debt Service Fund 0.00 0.00 0.00 Capital Expansion Fund 37,000.00 0.00 0.00 Property Chargebacks 1,470.00 0.00 0.00 TOTAL SCHOOL LEVY 12,949,735.00 14,343,370.00 14,785,323.00 PERCENTAGE INCREASE -- TOTAL LEVY FROM PRIOR YEAR 10.76% 3.08%

NEW PROGRAMS

Reduction of State General Aid (shifts burden to taxpayer)Proposed Under Taxation (to alleviate taxpayer burden)

The below listed new or discontinued programs have a financial impact on the proposed 2013-2014 budget:

$197,079

PROPOSED PROPERTY TAX LEVY

$2,800,000 Tax Levy Under Allowable Revenue Limit

FINANCIAL IMPACT

Total Expenditures and Other Financing Uses

FUND 10 REVENUE2013-2014

Budget HearingSource Revenue Type Revenue Budget

211 Property Tax $11,288,109212 Charge Back $0213 Mobile Home Tax $5,500219 Other Taxes $0249 Transportation Fees $10,000262 Sale of Supplies $0271 Admissions $30,000280 Interest on Inv $8,000291 Gifts $8,000292 Student Fees - Other $50,000293 Rental - Other $15,000295 Summer School Revenues $1,200297 Student Fines $2,000299 Misc Revenue $0316 State Aid Transit-Spec Ed $0317 Federal Aid/CESA $0341 Non-Open Enrollment Tuition $0343 Charges for Co-curr Other Dist $0345 Open Enrollment $525,000381 Medicaid $0515 Non-Spec Ed State Aid $0517 Transit of State Aids (Co.) $2,750590 Misc Revenue - Intermed $0612 Transportation Aid $82,150613 Library Aid $76,525614 Driver's Ed Aid $0621 Equalization Aid $8,912,743630 State Special Proj - #387 $0630 Equalization Aid $166,500630 State Special Proj - #397 $0630 State Special Proj - #555 Adv Plac $0641 State Tuition Payments $0650 State SAGE Aid $480,000660 State Rev thru Local Gov $6,000690 Other Rev from State $0691 Computer Aid $45,207713 Vocational Education $17,514718 ARRA Education Stabilization Fund $0730 Special Proj Grants-#328 $0730 Special Proj Grants-#329 $0730 Special Proj Grants-#365 $81,496730 Special Proj Grants -#391 $0730 Ecucation Jobs Funds-#595 $0751 Title I A - Basic Program-#141 $400,917751 Title I A -#149 $31,268751 Title I A - ARRA -#816 $0751 Title I A - ARRA -#822 $0752 Title V -#157 $0763 Fed School to Work $0780 Federal Aid Received thru State $0861 Sale of Fixed Assets $3,500862 Land and Real Property Sales $0964 Insurance Refund $50,000968 Debt Premium $0971 Other Refunds $600972 Non-Ded Refund Receipt $200981 Medicaid Reimbursement $0990 Miscellaneous $14,000

TOTAL REVENUE $22,314,179

Actual ProjectedBeginning Ending

Projected Fund Fund FY12-13 FY11-12 FY10-11Revenue Balance Balance Actual Actual Actual

2012-2013 6/30/2013 6/30/2014 Expenses Expenses Expenses

$11,920,593 $11,722,930 $12,438,622$4,188,680 $4,214,196 $5,388,103

$215,943 $312,805 $288,399$233,035 $175,827 $174,773$323,960 $324,790 $343,237

$3,353,214 $3,164,519 $2,974,068$1,540,434 $1,458,837 $1,364,201

$22,314,179 $7,901,694 $7,745,087 $21,775,860 $21,373,904 $22,971,403

$115,000 $69,763 $72,763 $113,479 $74,038 $17,876

$2,094,874 $2,146,049 $2,124,732$586,204 $599,516 $759,125$278,849 $201,191 $201,828

$3,145,268 $0 $0 $2,959,926 $2,946,756 $3,085,685

$3,358,686 $308,658 $299,422 $12,019,225 $3,238,893 $3,134,040

$228,724 $661,856 $107,481 $113,660 $0 $0$137,339 $137,339 $0

$447,397 $429,719 $422,371$79,182 $77,317 $92,938

$568,664 $593,104 $566,696$1,067,200 $157,671 $107,469 $1,095,243 $1,100,139 $1,082,005

$30,229,056 $9,236,982 $8,469,561 $38,077,392 $28,733,731 $30,291,009

BudgetFund 2013-2014

10 General FundSalary $12,085,680Fringe Benefits $4,367,231Elementary Non-Salary $243,189Middle School Non-Salary $235,605Senior High Non-Salary $322,317District Wide Non-Salary $3,464,916Transfers from Fund 27 & 50 $1,751,848

TOTAL FUND 10 $22,470,786

21 Special Revenue Trust Fund $112,000

27 Special EducationSalary $2,222,295Fringe Benefits $658,907Non-Salary $264,066

TOTAL FUND 27 $3,145,268

39 Debt Service $3,367,922

41 Capital Projects $783,09949 Capital Projects $0

50 Food ServiceSalary $432,684Fringe Benefits $77,818Non-Salary $606,900 TOTAL FUND 50 $1,117,402

TOTAL ALL FUNDS $30,996,477

Note: Does not include Fund 60 & 72

SCHOOL DISTRICT OF WAUPCASCHOOL DISTRICT OF WAUPCA BUDGET HEARING MOTIONSBUDGET HEARING MOTIONS

OCTOBER 29, 2013OCTOBER 29, 2013

1.1. Motion To Adopt The Budget As Presented (Or Adjusted)Motion To Adopt The Budget As Presented (Or Adjusted) ProposedProposed Total Revenues – All Required Funds ……………………….Total Revenues – All Required Funds ………………………. $30,229,056$30,229,056 Total Expenditures – All Required Funds …………………..Total Expenditures – All Required Funds ………………….. $30,996,477$30,996,477 Motion to adopt the revenue budget at $30,229,056 and the expenditure budget at Motion to adopt the revenue budget at $30,229,056 and the expenditure budget at

$30,996,477.$30,996,477.

1.1. Motion To Set Tax LevyMotion To Set Tax Levy FundFund Tax LevyTax Levy General FundGeneral Fund $11,288,109$11,288,109 Debt Service FundDebt Service Fund $ 3,358,686$ 3,358,686 Capital Expansion FundCapital Expansion Fund $ 0 $ 0 Chargeback Personal PropertyChargeback Personal Property $ 0$ 0 Total LevyTotal Levy

$14,646,795$14,646,795 Motion to set the tax levy at $14,646,795.Motion to set the tax levy at $14,646,795. The above levy generates a tax rate of 10.65 per $1,000 of valuation.The above levy generates a tax rate of 10.65 per $1,000 of valuation.

1.1. Motion To Designate Fund BalanceMotion To Designate Fund Balance Motion to designate the General Fund Balance:Motion to designate the General Fund Balance: Future Debt Service - Future Debt Service - $ 289,363 $ 289,363 Other Post Employment BenefitsOther Post Employment Benefits $ 1,275,488 $ 1,275,488 Cash Flow Purposes (residual)Cash Flow Purposes (residual) $ 6,180,236$ 6,180,236 Total Proposed General Fund Balance Total Proposed General Fund Balance $ $

7,745,087 7,745,087

Published Budget Change Request Published Budget Change Request

The Annual Required Budget Publication, which is The Annual Required Budget Publication, which is mandated to be published two weeks prior to the Budget mandated to be published two weeks prior to the Budget Hearing, was published October 10, 2013. However the Hearing, was published October 10, 2013. However the budget for taxes; general state aid and computer aid budget for taxes; general state aid and computer aid change annually for exact figures are not known until late change annually for exact figures are not known until late in October.in October.

Therefore, in addition to approving the Tax Levy Therefore, in addition to approving the Tax Levy Resolution, I am requesting that the Board of Education Resolution, I am requesting that the Board of Education approve the revenue budget changes in accordance to approve the revenue budget changes in accordance to Wisconsin Statute 65.90(a)..Wisconsin Statute 65.90(a)..

Budget Change RequestBudget Change RequestTable 5.0

2013-14 2013-14Published Amended

Line Item Budget Budget $ Chg.

Revenues10 R 800 211 500000 General Fund Property Taxes 11,426,637.00$ 11,288,109.00$ (138,528.00)$ 10 R 800 621 500000 State Equalization 8,687,385.00$ 8,912,843.00$ 225,458.00$ 10 R 800 691 500000 State Computer Aid 32,905.00$ 45,207.00$ 12,302.00$

99,232.00$ Expenditures

-$ Dated This 29th day of October 2013

Kirsten Greenfield (99,232.00)$ School District Clerk

Notice of Change in Adopted BudgetSchool District of Waupaca

Notice is hereby given, in accordance with the provisions of Wisconsin Statute 65.90(5)(a), that the School Board of Waupaca, on 10/29/13 adopted the following changes. The following presents only adopted budget line items with changes. Unchanged

line items are not presented

Malcolm Forbes once said:Malcolm Forbes once said:

““Education’s purpose is to replace an Education’s purpose is to replace an empty mind with an open one”empty mind with an open one”

While the purpose of the Annual Budget is to While the purpose of the Annual Budget is to achieve educational objectives that will impact achieve educational objectives that will impact the future.the future.

And we need to attend to financial numbers, And we need to attend to financial numbers, in the bigger picture of what we are all about in the bigger picture of what we are all about it can even be more than owing an education it can even be more than owing an education to our children.to our children.We can help to open the mind and heart to : We can help to open the mind and heart to :

life’s mysteries to be toldlife’s mysteries to be told wondrous possibilities that life holds wondrous possibilities that life holds the awesome potential in each to unfoldthe awesome potential in each to unfold

Herein Lies The Real GoldHerein Lies The Real Gold

Questions?Questions?

Documents

School District of Waupaca 2013-2014 Budget Hearing Tax Levy Certification