Winona Area Public Schools Preliminary Budget As of June 19, 2014
Winona Area Public Schools 2015 Preliminary Budget What’s New? Budget Book – explains revenue sources and program expenditures Pupil Weightings Revenues – Full K Funding SPED Subsidy Aid
Winona Area Public Schools 2015 Preliminary Budget Budget Process Cycle runs from Fall of 2013 to Winter of 2015 From Initial Discussions to Audit
Winona Area Public Schools 2015 Preliminary Budget General Fund Does not include : School Nutrition Community Ed Construction Debt Service Agency OPEB
Winona Area Public Schools 2015 Preliminary Budget General Fund Revenues THREE BROAD SOURCES 1)State Aids 2)Federal Aids 3)Local Sources
REVENUES
Winona Area Public Schools 2015 Preliminary Budget General Fund Revenues #1 Driver of GF Revenue ENROLLMENT 2015 Budgeted Enrollment 3,095 ADM’s (including SPED EC) BASIC FORMULA AID $19,806,003
Revenues – General Fund TYPEProjected Projected Local Taxes $ 6,812,484 $ 7,250, % State Aids $ 27,111,578 $ 28,142, % Federal Aids $ 1,528,443 $ 1,461, % Local Revenue $ 1,880,451 $ 1,508, % TOTAL $ 37,332,957 $ 38,361, %
Winona Area Public Schools 2015 Preliminary Budget Expenditures Salaries Benefits Services Supplies Equipment & Capital Other
Winona Area Public Schools 2015 Preliminary Budget Expenditures by Type Salaries$ 24,072,395 Benefits$ 8,392,359 Services$ 4,708,374 Supplies$ 819,643 Equipment & Capital$ 536,693 Other$ 264,713 Total$ 38,794,492
Expenditures
Expenditures by Program
Expenditures – General Fund UR TYPEProjected Projected Salaries $ 23,641,880 $ 24,072, % Benefits $ 8,025,645 $ 8,392, % Services $ 5,149,292 $ 4,708, % Supplies $ 901,981 $ 819, % Capital/Other $ 778,638 $ 801, % TOTAL $ 38,497,436 $ 38,794, %
Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund Some new Programs and Expenditures were requested. Those could not be added without a corresponding expenditure decrease or revenue increase. This budget includes the following changes:
Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund Additions:Estimated Cost Technology Integrationist$ 75,000 School Based Mental Health$ 28,550 Pre-School Generalist Shift$ 46,052 Pathways Program Cost Incr$ 13,000 Elementary Counseling (.3)$ 17,100 WMS.5 Teacher (Spanish)$ 26,000 Total$205,702
Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund ReductionsEst Savings Grant Resource Office$53,000 High School Teaching FTE$ 52,000 Elementary Teaching FTE$ 52,000 EL Teaching.5 FTE$ 26,000 Assistive Tech.2 FTE$ 10,000 Season Pass Cost Increase$ 5,000 Student Parking Fees Increase$ 3,000 Total$ 201,000
Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund REVENUES$ 38,361,949 EXPENDITURES$ 38,794,492 QZAB Payment$ 77,000 NET$ (509,544) Projected ending 2015 Fund Balance $ 5,486, %
Future Budgets The Fund Balance goal is two months of operating expenses or 16.67% After 2015, the fund balance will be about 2.5% below that target, which is in accordance with contract settlement targets With declining revenues due to declining enrollment, it is estimated $2,900,000 in budget adjustments will have to be made over the next four years in , factors include: Enrollment – dropping 226 students in five years Class Size Contract Settlements State Funding - Assuming 1% formula increase Site Plans
Next Steps Audit Produces beginning fund balances Project Enrollment from Five-Year forecast Budget Reduction Process QUESTIONS