TWO RIVERS PUBLIC SCHOOL DISTRICT 2017-18 BUDGET HEARING

  KOENIG MAGEE 2016-2017 Proj. 2017-18 Kindergarten Enrollment 49 38 13 69 68 17 12 18 16 Staff 3 4 Grade 1 50 79 73 19 Grade 2 45 40 14 78 82 21 Grade 3 44 92 20 Grade 4 47 24 77 90 23 22 2 TOTALS 222 219 395 391 4K 104 86 4K Sites: Creative Learning 6 Head Start, Koenig, Early Childhood 15 11 Good Shepherd,and Tiny Treasures 120 108 8 7 Grades 1-4 510 522 26 27

Lighthouse Learning Academy Lighthouse Learning Academy L.B. Clarke 2016-17 Proj. 2017-18 TRHS Grade 5 117 127 Grade 9 114 Grade 6 137 121 Grade 10 116 Grade 7 129 142 Grade 11 108 111 Grade 8 101 126 Grade 12 120 TOTALS 484 516 478 461   4K 2 1 Kindergarten Grade 1 3 6 Grade 2 Grade 3 5 Grade 4 4 7 10 54 68 Enrollment 104 86 Staff Early Childhood 15 11 8 Grades 1-4 511 522 26 27 Grades 5-8 501 Grades 9-12 499 491 TOTAL 1,750 1,734 Lighthouse Learning Academy Lighthouse Learning Academy The totals in this area include the Lighthouse Learning Academy

2017-18 BUDGET SUMMARY General Fund Budget $18,430,316 2016-17 Tax Levy (all funds) $5,266,801 2017-18 Projected Tax Levy (all funds) $5,341,207 Total Tax Levy Increase $ 74,406 % of Tax Levy Increase 1.4% Fund 10 Increase $6,241 Fund 38 Increase $15,690 Fund 39 Increase $31,850 Fund 80 Increase $20,625

MILL RATE COMPARISON 2017-18 2017-18 2016-17 LEVY Mill Rate Mill Rate 2017-18 2017-18 2016-17 LEVY Mill Rate Mill Rate 2017-18 Projected Operating Levy $2,804,211 $4.94 $4.98 2017-18 Debt Service Levy (Fund 39): 2011 Bonds 1,531,988 2.70 2.67 2013 Bonds 494,900 0.87 0.90 2017 Bonds 66,792 0.11 0.11 2017-18 Debt Service Levy (Fund 38): 2013 Bonds $238,395 0.42 0.40 2015 Bonds 70,921 0.13 0.12 2017-18 Community Service Fund Levy (School Resource Officers) $134,000 0.24 0.20 2017-18 Projected Tax Levy $5,341,207 $9.41 $9.38 2016-17 Tax Levy $5,266,801 $9.38 Projected Increase in Mill Rate $0.03 Projected Increase in Tax Levy $74,406 Based on an estimated 1.034% increase in equalized value of property.

Energy Efficiency Exemption REVENUE LIMIT EXEMPTION BACKGROUND: 2011 Wisconsin Act 32 and 2013 Wisconsin Act 20 provided that the revenue limit for the school year is increased by the amount spent by the school district in that school year on a project to implement energy efficiency measures or to purchase energy efficiency products including the payment of debt service on a bond or note issued to finance the project if the project results in the avoidance of, or reduction in, energy costs or operational costs.   The 2016-17 tax levy included $66,984 for energy efficiency project debt payments.

ENERGY EFFICIENCY EXEMPTION § 121.91 (4) (o) Revenue Limit Exemption for Energy Efficiencies-Evaluation of the Energy Performance Indicators ENERGY EFFICIENCY EXEMPTION § 121.91 (4) (o) Revenue Limit Exemption for Energy Efficiencies-Evaluation of the Energy Performance Indicators Name of Qualified Contractor CESA 10 Performance Contract Length (years)   7 years Total Project Cost (including financing) $1,131,658 Total Project Payback Period 35.6 years Years of Debt Payments 7 Remaining Useful Life of the Facility 60 years Prior Year Resolution Expense Amount Fiscal Year 2017 $66,984 Prior Year Related Expense Amount or CY debt levy Utility Savings applied in Prior Year to Debt Sum of reported Utility Savings to be applied to Debt $ 17,376 Savings Reported for 2017 Specific Energy Efficiency Measure or Products Project Cost Including Financing Utility Cost Savings Non-Utility Cost Savings Condensing Boiler Replacement L.B. Clarke $ 227,453 $ 5,275 $ 4,752 Condensing Boiler Replacement Magee $ 212,288 $ 6,316 $ 4,523 Unit Vent Replacement Magee $ 341,461 $ 658 $ 2,261 Hot Water VSDs L.B. Clarke $ 1,265 $ 152 $ - Hot Water VSDs Magee $ 2,024 $ 197 Digital Controls L.B. Clarke $ 80,980 $ 1,635 $ 594 Digital Controls/Unit Vent Refurbish Magee $ 172,748 $ 3,143 CESA Fee $ 93,439 Entire Energy Efficiency Project Totals $ 1,131,658 $ 14,391

HISTORY OF TAX LEVY AND MILL RATES School Year Tax Levy Equalized Tax Rate 2005-06 5,658,665 9.71 2006-07 5,747,267 9.69 2007-08 5,782,468 2008-09 5,893,686 9.49 2009-10 6,195,497 2010-11 6,069,695 9.92 2011-12 5,979,398 9.91 2012-13 6,020,330 10.39 2013-14 5,764,329 10.18 2014-15 5,735,733 10.24 2015-16 5,759,017 10.46 2016-17 5,266,801 9.38 2017-18 5,341,207 9.41

Year Equalization Aid 2005-06 $13,882,530 2006-07 $14,175,180 2007-08 $14,553,143 2008-09 $14,578,695 2009-10 $13,941,129 2010-11 $13,711,359 2011-12 $12,465,898 2012-13 $11,909,640 2013-14 $12,369,222 2014-15 $12,548,214 2015-16 $12,532,619 2016-17 $13,074,572 2017-18 $13,037,844

OPEN ENROLLMENT School Year Revenue Expense Net 2004-05 $199,734 $103,844 $95,890 2005-06 $250,035 $121,723 $128,312 2006-07 $300,847 $121,470 $179,377 2007-08 $277,682 $218,178 $59,504 2008-09 $331,170 $272,178 $58,992 2009-10 $340,892 $349,094 ($8,202) 2010-11 $371,686 $353,062 $18,624 2011-12 $343,349 $443,556 ($100,207) 2012-13 $345,222 $426,375 ($81,153) 2013-14 $350,298 $533,285 ($182,987) 2014-15 $391,221 $543,539 ($152,318) 2015-16 $554,424 $675,327 ($120,903) 2016-17 $644,034 $638,147 $5,887 2017-18  

LIGHTHOUSE LEARNING ACADEMY Programming for Two Rivers residents and open enrolled students Student enrollment – 68 Range 4K – 12 Current programming: virtual, home-school and/or blended

FUND 10 BUDGET INCREASE INFORMATION 2016-17 Actual General Fund Expenditures $17,908,359 2017-18 Budgeted General Fd Expenditures $18,430,316 Less: Amount budgeted from Fund Balance ($175,000) Net 2017-18 Expenditures-Excl. Fund Balance $18,255,316 TOTAL BUDGET INCREASE $346,957 % BUDGET INCREASE 1.94%

BUDGET CUTS / SAVINGS TO BALANCE THE 2017-18 BUDGET Reduction of Health Insurance Increase through Negotiations, Plan Changes $186,179 Projected IDEA Flow Thru Deficit for 2017-18 (43,324) Rollover Savings from Building Budgets and other Budgets from 2016-17 100,000 Additional Curriculum Expenditures - Pay from Fund Balance 75,000 Budget Savings - Reduce salary increases from 2% to 1.26% 86,678 Retirement Savings - Guidance Counselor at Two Rivers High School 26,230 Reduce District Payment of School Resource Officers - Increase Fund 80 Tax Levy 15,000 Retirement Savings – Special Education Paraprofessional – not replaced 19,280 Special Education Teacher Replacement Savings – LB Clarke Middle School 5,070 TOTAL BUDGET CUTS / SAVINGS: $470,113

FUND 73 – EMPLOYEE BENEFIT TRUST FUND SUMMARY Balance of the trust – June 30, 2017 $607,890.10 Investment Return – June 30, 2017 $9,985.20 Contributions – July 1, 2016 to June 30, 2017 $382,136.96 Distributions – July 1, 2016 to June 30, 2017 $357,171.91 Investment Manager: Trust Administrator: MidAmerica Administrative & Retirement Solutions, Inc. Custodians of the Trust: AUL – Rate of Return 1.60%

FUND 10 - FUND BALANCE SUMMARY 2017-18 BEGINNING FUND BALANCE $3,405,351 Budgeted Revenue - General Fund 18,255,316 Budgeted Expenses - General Fund (18,430,316) 2017-18 BUDGETED ENDING FUND BALANCE $3,230,351 FUND BALANCE APPROPRIATION: Curriculum Expenditures in 2017-18 School Year $75,000 Rollover of Budgets from 2016-17 School Year 100,000 TOTAL FUND BALANCE APPROPRIATION $175,000