Shawano School District

Preliminary Budget2008-09

School YearMay 5, 2008

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 Tax Levy $ ???$

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

Preliminary Budget Expenditures

General Fund Special Projects (Spec. Ed.) Debt Retirement Food Services Community Services Co-op Programs (Summer)

26,156,9344,496,245

2,063,913No Budget

212,418499,429

Budget Changes

Budget Increase $567,044 Percent Increase 1.92%

REVENUE 2008-2009

School Choice3%Local Revenue

2%Federal Aid

2%

Categ State Aid7%

General State Aid & Local Tax Levy

86%

General State Aid & Local Tax Levy

Categ State Aid

Federal Aid

Local Revenue

School Choice

General State Aid & Local Tax LevyCategorical State AidFederal AidLocal RevenueSchool Choice

$23,866,4981,883,796

430,436452,000700,000

EXPENSES 2008-2009

Benefits28%

Purch Services14%

Inst Materials3%

Capital Objects2% Other

2%

Salaries51%

Salaries

Benefits

Purch Services

Inst Materials

Capital Objects

Other

SalariesBenefitsPurchased ServicesInstructional MaterialsCapital EquipmentOther

$13,921,9397,468,1623,783,085

875,715422,525498,067

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.