Parkview School District 2014-2015 Budget Hearing and Annual Meeting - PowerPoint PPT Presentation

Loading...

PPT – Parkview School District 2014-2015 Budget Hearing and Annual Meeting PowerPoint presentation | free to download - id: 7d9608-ZjMwM



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Parkview School District 2014-2015 Budget Hearing and Annual Meeting

Description:

Title: Parkview School District 2013-2014 Budget Hearing and Annual Meeting Author: Ben Irwin Last modified by: Workstation Document presentation format – PowerPoint PPT presentation

Number of Views:68
Avg rating:3.0/5.0
Slides: 25
Provided by: BenI163
Learn more at: http://www.parkview.k12.wi.us
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Parkview School District 2014-2015 Budget Hearing and Annual Meeting


1
Parkview School District 2014-2015 Budget
Hearing and Annual Meeting
  • Monday, August 18, 2014
  • 530 p.m.
  • Parkview Jr./Sr. High School LMC

2
Parkview School District 2013-2014 Budget Overview
  • The Parkview School District is expected to have
    a shortfall of 277,819.99 in the General Fund
    for the 2013-2014 fiscal year.
  • This number could change depending on the results
    of the audit for 2013-2014.
  • The projected shortfall from last years Annual
    Meeting was 331,699.81.
  • The Districts fund balance will be reduced by
    the amount of the shortfall.

2
3
Parkview School District 2014-2015 Budget Overview
  • The Parkview School District is expected to have
    a budget deficit of 186,730.30 for the 2014-2015
    fiscal year.
  • The main reason for the budget deficit is a
    reduction in revenue from 2014-2015 due to
    declining enrollment.
  • The budget deficit will be paid for using funds
    from the Districts fund balance.
  • The budget deficit would have been 536,730.30 if
    the operational referendum for 350,000 did not
    pass.
  • 2014-2015 numbers are still estimates at this
    time as there are various factors that could
    still change the final amount.

3
4
Parkview School District 2014-2015 Budget
Timeline
  • The 2014-2015 Budget for the Parkview School
    District is an estimate.
  • The budget presented today may change between now
    and November 1st when the final levy is set.
  • Events that could change the final numbers.
  • The 3rd Friday pupil count in September.
  • Final Equalization Aid numbers from DPI.
  • The 2013-2014 audit.
  • Staffing changes with new hires.

4
5
School Finance Accounting Basics
  • School districts in Wisconsin use the Wisconsin
    Uniform Financial Accounting Requirements (WUFAR)
    to categorize all of their finances.
  • The WUFAR is fund accounting, which separates
    each revenue and expenditure into a specific
    fund.
  • A majority of school finances are held in the
    General Fund (Fund 10), but there are also other
    funds for areas like food service and special
    education.

5
6
Parkview School District 2014-2015 Budget Adoption
GENERAL FUND Audited 2012-2013 Unaudited 2013-2014 Budget 2014-2015
Beginning Fund Balance 2,772,042.00 2,528,348.59 2,250,528.60
Ending Fund Balance 2,528,348.59 2,250,528.60 2,063,798.30
REVENUES OTHER FINANCING SOURCES      
Transfers-In (Source 100) 0.00 0.00 0.00
Local Sources (Source 200) 3,791,188.95 3,780,354.54 4,012,199.66
Inter-district Payments (Source 300 400) 248,754.00 340,039.00 339,389.00
Intermediate Sources (Source 500) 600.00 8,040.00 500.00
State Sources (Source 600) 5,936,548.57 5,805,953.22 5,705,537.00
Federal Sources (Source 700) 161,677.02 200,166.33 199,225.00
All Other Sources (Source 800 900) 290,469.41 65,685.98 63,897.78
TOTAL REVENUES OTHER FINANCING SOURCES 10,429,237.95 10,200,239.07 10,320,748.44
EXPENDITURES OTHER FINANCING USES      
Instruction (Function 100 000) 5,005,806.18 4,958,884.81 4,693,189.89
Support Services (Function 200 000) 3,958,404.33 3,819,400.42 3,993,731.54
Non-Program Transactions (Function 400 000) 1,708,720.85 1,699,773.83 1,820,557.31
TOTAL EXPENDITURES OTHER FINANCING USES 10,672,931.36 10,478,059.06 10,507,478.74
  • The Department of Public Instruction requires
    every school district in the state to complete a
    Budget Adoption sheet each year for the proposed
    budget for the upcoming year and the last two
    years.

6
7
Parkview School District Budget Cuts and
Reductions for 2014-2015
  • In order to ease the financial shortfall for
    2014-2015, the Parkview School District has taken
    numerous steps to reduce expenses.
  • The District made changes to the health insurance
    plan for 2014-2015 by switching from a POS plan
    with Dean to an HMO plan. Switching to an HMO
    plan helped reduce the cost impact of the renewal
    rates from Dean for 2014-2015 which came in at a
    8.9 increase for 2014-2015. Going to an HMO plan
    reduced that increase by 2.
  • The Parkview School District has reduced the
    health insurance alternative benefit amount for
    eligible staff by 1,500 per employee.
  • The District has also reduced costs by not
    replacing the technology education teacher, by
    reducing another teacher position to half-time
    and from the replacement of teachers who have
    retired or left.

7
8
Parkview School District Revenue Limit
  • The revenue limit is adjusted each year based on
    many factors including enrollment, property value
    and a per pupil adjustment.
  • From 2001 to 2010, the average per pupil
    adjustment amount was an increase of 237.90.
  • In 2011, the per pupil adjustment amount was a
    decrease of 528.81 for every district in the
    state (Act 10).
  • In 2013, the per pupil adjustment amount was 75
    and will be 75 again this year with another 150
    increase outside of the revenue limit.

Year Revenue Limit Yearly Change
10-11 11,102,556 0.70
11-12 10,162,211 -8.47
12-13 9,645,261 -5.09
13-14 9,608,961 -0.37
14-15 9,661,699 0.55
8
9
Parkview School District Revenue Limit History
9
10
Parkview School District Operational Referendum
  • Starting in 2014-2015, the Parkview School
    District will be able to exceed the revenue limit
    by 350,000 for three years.
  • Without this approved operational referendum, the
    District would have had a revenue limit of
    9,311,699 this year, or 350,000 less than
    projected.

10
11
Parkview School District State General Aid
  • Determining state general aid each year involves
    many different factors and a complex calculation.
  • State general aid for the Parkview School
    District has been decreasing mainly due to
    declining enrollment and the amount of funding
    from the state, the two main factors in the
    equation.

Year State General Aid Yearly Change
10-11 7,097,241 -4.49
11-12 6,387,517 -10.00
12-13 5,806,470 -9.10
13-14 5,646,272 -2.76
14-15 5,486,241 -2.83
11
12
Parkview School District Local Property Taxes
  • After a 12 increase in 2010-2011, the tax levy
    for the District has decreased by 5.33 in
    2011-2012, 1.00 in 2012-2013 and then increased
    by .87 in 2013-2014. For 2014-2015, the tax levy
    is expected to increase by 29.37 due mainly to
    the operational and facility referendums that
    were passed on April 1, 2014.
  • The levy also increased due to the reduction in
    state aid. Without the referendums, the tax levy
    would have increased by 5.36.

Year Tax Levy Yearly Change
10-11 4,190,570 12.00
11-12 3,967,282 -5.33
12-13 3,927,580 -1.00
13-14 3,961,803 0.87
14-15 5,125,576 29.37
12
13
Parkview School District State General Aid and
Local Property Tax History
13
14
Parkview School District Mill Rate
  • The mill rate is a number used to equate the
    amount of taxes that will be assessed on a
    property that has a certain valuation.
  • For example, a mill rate of 14.10 would equal a
    tax levy of 1,410 on a house valued at 100,000.
  • An increase or decrease of the mill rate could
    vary due to changes in property values.
  • It is important to remember that the mill rate is
    an average for multiple municipalities and an
    individuals actual mill rate could vary.

Year State Avg. Mill Rate Dist. Avg. Mill Rate Yearly Change
10-11 9.80 10.02 16.24
11-12 9.88 9.87 -1.50
12-13 10.21 10.02 1.52
13-14 10.36 10.46 4.39
14-15 n/a 14.10 34.80
14
15
Parkview School District Enrollment FTE
  • Enrollment FTE (Full-Time Equivalency) is not a
    head count, but a calculation based on the
    September counts, summer school enrollment and
    resident additions and subtractions.
  • The Parkview School District is currently
    experiencing declining enrollment, which has had
    an adverse affect on the revenue limit and the
    amount of state general aid the District receives.

Year Enrollment FTE Yearly Change
10-11 992 -4.71
11-12 952 -4.03
12-13 931 -2.21
13-14 891 -4.30
14-15 870 -2.36
15
16
Parkview School District Enrollment FTE History
16
17
Parkview School District Open Enrollment
  • In addition to declining enrollment, the Parkview
    School District also has more students enrolling
    out of the District than enrolling in through
    open enrollment.
  • When a student who lives in a district decides to
    attend another district, the resident district
    must pay the other district open enrollment
    tuition for the student.
  • Open enrollment tuition per student is 6,485.
  • Estimating open enrollment numbers is difficult
    before the September count due to many different
    factors.

Year OE In FTE OE Out FTE
10-11 37.5 67.2
11-12 38.0 72.1
12-13 46.5 122.3
13-14 55.5 117.2
14-15 56.0 124.0
17
18
Parkview School District General Fund Revenue
  • It is projected that 90.73 of General Fund (Fund
    10) revenue will come from state aid (53.16) and
    local property taxes (37.57).
  • The other sources of revenue include open
    enrollment tuition, district fees, and federal
    grants.
  • Only the tax levy for the General Fund is
    represented on this chart. The revenue from the
    referendum is credited to other funds (Fund 38
    and 39).

18
19
Parkview School District General Fund Expenses
  • It is projected that 64.46 of general fund
    expenses will be from salaries and benefits for
    the General Fund (Fund 10).
  • Purchased services include expenses for services
    to the District and open enrollment tuition.
  • Other expenses include capital purchases, lease
    payments, fund transfers, dues and fees and
    insurance.

19
20
Parkview School District General Fund Revenue
and Expense History
20
21
Parkview School District Fund Balance
  • Fund balance is not the same as a cash account,
    it is a combination of assets and liabilities.
  • The actual cash in the bank is usually a lot
    lower during the year than the fund balance.
  • If the fund balance drops below 2,000,000, the
    Parkview School District may need to short-term
    borrow to cover expenses before revenues come in.
  • The fund balance is the fund balance amount
    divided by expenses.

Year Ending Balance Fund Balance
10-11 2,661,344.57 22.92
11-12 2,772,039.89 24.91
12-13 2,528,348.59 23.69
13-14 2,250,528.60 21.48
14-15 2,063,798.30 19.64
21
22
Parkview School District Fund Balance History
22
23
Parkview School District Community Service Fund
(Fund 80)
  • Since there is enough fund balance in Fund 80 to
    pay for the expenses listed, the Parkview School
    District will not levy in Fund 80 for the
    2014-2015 fiscal year.
  • However, Act 20 still requires the District to
    report all expenses in Fund 80 for the fiscal
    year.
  • The Community Service Fund (Fund 80) Summary will
    have a more detailed breakdown of the expenses
    for 2014-2015. This document can be found in the
    Annual Meeting packet and on the District
    website.

Description Amount
Community LMC Staff 4,300.00
Parkview Voice (Staffing and Materials) 14,750.00
Summer Rec Program 7,950.00
Community Sign 800.00
Total 27,800.00
23
24
Contact Information
  • Ben Irwin - Business Manager
  • Email - birwin_at_email.parkview.k12.wi.us
  • Phone - 608-879-2717 ext. 6114
  • Office located in the Parkview Jr./Sr. High
    School Main Office
  • A copy of this PowerPoint and other budget
    information can be found on the Parkview School
    District website under the Business Office link.

24
About PowerShow.com