Presentation is loading. Please wait.

Presentation is loading. Please wait.

  The 13-14 Revenue Limit is a key piece of your budgeting as it comprises:   75-90% of a district’s total resources   85-95% of General Fund revenues.

Similar presentations


Presentation on theme: "  The 13-14 Revenue Limit is a key piece of your budgeting as it comprises:   75-90% of a district’s total resources   85-95% of General Fund revenues."— Presentation transcript:

1   The Revenue Limit is a key piece of your budgeting as it comprises:   75-90% of a district’s total resources   85-95% of General Fund revenues  We’ll review the steps of building your revenue limit and show an example. Let’s take a look …. (open blank worksheet online if you wish) BUDGET DEVELOPMENT Most Important: Revenue Limit 1

2 Here is the blank executable worksheet: ** You will also need data from your Revenue Limit Worksheet – in your packet of handouts BUDGET DEVELOPMENT Most Important: Revenue Limit 2

3 BUDGET DEVELOPMENT Review of the Revenue Limit Calculation Line 1: builds the “Base Revenue” using data from the worksheet Line 2: builds the “Base Membership”: using data from the worksheet (prior three-years rolling average membership) Line 3: “Base Revenue per Member” – base to which a per pupil adjustment is added. Example … 3

4 BUDGET DEVELOPMENT Building Base Revenue per Member Pre-populated worksheets will include this data, but you can build it now using the worksheet and blank worksheet on the DPI website Worksheet Worksheet 4

5 BUDGET DEVELOPMENT Building Base Revenue per Member Pre-populated worksheets will include this data, but you can build it now using the worksheet and blank worksheet on the DPI website Worksheet Worksheet 5

6 BUDGET DEVELOPMENT Building Base Revenue per Member Base Revenue / Base Membership = Base Revenue per Member Pre-populated worksheets will include this data, but you can build it now using the worksheet and blank worksheet on the DPI website Worksheet 6

7 BUDGET DEVELOPMENT Review of the Revenue Limit Calculation Line 4: (pre-filled) Per Pupil Adjustment, Low Revenue Ceiling Adjustment & CCDEB Adjustment (if applicable*) Line 5: maximum revenue per member (prior to exemptions) Line 6: “Current Membership” – using estimates for September 2013 pupil count Line 7: Revenue Limit prior to exemptions Line 7A = Line 5 x Line 6 Line 7B, “Base Hold Harmless”, if Line 1 < Line 7A *Very few districts are affected by the CCDEB Adjustment; call a Consultant on the SFS Team if your district is served by a CCDEB. 7

8 BUDGET DEVELOPMENT Building Current Revenue Limit (no exemptions) Worksheet 8

9 BUDGET DEVELOPMENT Review of the Revenue Limit Calculation  At this point (Line 7), you have your estimated Maximum Revenue Limit prior to any exemptions  Exemptions to the revenue limit allow your district to levy additional amounts above the amount generated by membership changes and the per pupil adjustment 9

10 BUDGET DEVELOPMENT Review of the Revenue Limit Calculation There are two types of Exemptions: 1.Recurring: permanent, they build your revenue limit base for the subsequent year 2.Non-Recurring – one time, they do NOT build your base for the subsequent year Know the Difference! Base Recurring Current Year Following Year Base Non-Recurring Base Current Year Following Year 10

11 BUDGET DEVELOPMENT Review of the Revenue Limit Calculation Recurring Exemptions Recurring Exemptions (Line 8 of Revenue Limit Worksheet) 1.Carry-over of prior-year unused authority (DPI calculates based on prior year under-levy) 2.Transfer of Service 3.Transfer of Territory 4.Federal Impact Aid Loss 5.Recurring Referenda (single or multi-year) 6.Prior Year Uncounted Open Enrollment Pupils (new in ) 11

12 BUDGET DEVELOPMENT Review of the Revenue Limit Calculation Non-Recurring Exemptions Non-Recurring Exemptions (Line 10 of Revenue Limit Worksheet) 1.Non-Recurring Referenda (single- or multi-year) 2.Declining Enrollment 3.Energy Efficiency Project 4.Refunded/Rescinded Taxes 5.Base Hold Harmless (Line 7B)* *While most districts did not received a Base Hold Harmless exemption for due to changes made by the Legislature in the State Budget, the calculation of this non- recurring exemption is scheduled to return to its original mechanism beginning in

13 BUDGET DEVELOPMENT Exemptions to the Revenue Limit Worksheet Line 8: all recurring exemptions – data will pre-fill in the pre- populated versions (as data is reported to DPI) but you can put in estimates now DPI calculates Line 8A Line 10+7B: all non- recurring exemptions 10B – Declining Enrollment is calculated by the spreadsheet based on membership data. 13

14 BUDGET DEVELOPMENT Exemptions to the Revenue Limit Worksheet Declining Enrollment Exemption (Line 10B) 14

15 BUDGET DEVELOPMENT Review of the Revenue Limit Calculation  Very important to know the difference between recurring and non-recurring! It has consequences for subsequent year’s revenue limit  DPI encourages districts to consult with legal council when putting together wording for the referendum item on the ballot. 15

16 BUDGET DEVELOPMENT Review of the Revenue Limit Calculation  At this point we’re at Line 11 – Total Maximum Controlled Revenues with all Exemptions  This is the “Revenue Limit” figure you’ll need as you build your district budget  Beyond Line 11, the Revenue Limit Worksheet is designed to help you:  Determine the mix of State General Aid and Controlled Levy under the Revenue Limit (and Computer Aid – offset to Fund 10)  Fill in other, non-controlled levies (if applicable) and calculate the district’s full levy ( and levy rate) 16

17 BUDGET DEVELOPMENT Getting to Line Worksheet 17

18 We stop at this point in the Revenue Limit Calculation:   You can use the worksheet to estimate Line 11 for your district for budget purposes   You can enter different General Aid amounts to see the impact on the allowable controlled levy (Line 13 of the worksheet), but …   First official Aid estimate from DPI – July 1 st, 2013 BUDGET DEVELOPMENT Most Important: Revenue Limit 18

19 Helping You Develop Your Budget Most Important: Revenue Limit Revenue Limit Calculation Budget Planning Papers Updated information for the revenue limit calculation will inform your district’s budget process 19


Download ppt "  The 13-14 Revenue Limit is a key piece of your budgeting as it comprises:   75-90% of a district’s total resources   85-95% of General Fund revenues."

Similar presentations


Ads by Google