school district of mauston 2015-16 budget. “2020” vision challenge learn grow succeed!
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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
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.