Equalization Aid – Behind the Scenes Brent Richter, Director of Business Services, Lodi School District Karen Kucharz Robbe, Finance Consultant, School.

Slides:

Advertisements

Similar presentations

2015 Joint State Education Convention January 21, :00 am 103AB Wisconsin Center Milwaukee, WI 1 Presented by: Bob Soldner, Director Bruce Anderson,

Advertisements

1 Presenters: Bob Soldner Erin Fath Bruce W. Anderson School Financial Services.

DPI Update At the Skyward Conference April 8, 2013 Gene Fornecker and Michele Tessner

Property Tax Levy. Key Tax Levy Components The Board of Education must set the FY tax levy no later than November 1, 2012 The tax.

1 MFP 101 Understanding the Minimum Foundation Program Formula FY

  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.

FUND 46 – LONG-TERM CAPITAL IMPROVEMENT TRUST FUND FUND 80 – EMEREGENCY RULES WASBO Fall Conference 2014 Presented by: Carey Bradley, Consultant Bob Soldner,

Equalization Aid Karen Kucharz Robbe, Finance Consultant Finance Consultant School Financial Services Department of Public Instruction January 22,2015.

Parkview School District Budget Hearing and Annual Meeting Monday, August 18, :30 p.m. Parkview Jr./Sr. High School LMC Monday, August.

Erin Fath, Assistant Director DPI School Financial Services October 3, 2013.

Tricks, Tips & Trade Secrets (!) to Successfully Navigating the DPI SAFR PI-1505 Annual Report Tuesday, April 28, 2015 Session #9 9: :00 AM Carey.

School Finance 101 by Ben Irwin Business Manager Parkview School District.

1 SCHOOL DISTRICT OF CHETEK ANNUAL MEETING & BUDGET HEARING SEPT. 22, 2008.

PROPOSED BUDGET Major Changes in Proposed Budget Brought back 1:8:1 Program from BOCES Eliminated BOCES Adaptive Phys. Ed Eliminated BOCES.5.

Wisconsin Public Schools Equalized (General) Aid.

1 Community Service Fund (Fund 80) PI 80 Permanent Rule and one-time non-levy fund balance transfer option.

Wisconsin Public Schools Revenue Limits. History 1949 –State adopted a system to address property- wealth differences among districts, which provided.

SCHOOL FINANCE ESSENTIALS 1 WASDA NEW ADMINISTRATORS WORKSHOP Bruce Anderson and Karen Kucharz School Finance Team – DPI November 12, 2013.

Funding Georgia’s Public Schools: An Overview. What We’ll Cover… An overview of public school funding The difference between federal, state and local.

1.  Property Value, Tax Levy, and Taxpayers – The Confusing Questions  Equalization Aid  Summer School Fees Agenda.

SPRING AT A GLANCE & the Budget Amendment Process March 11, 2015 Debi Towns, Assistant Director School Financial Services Team, DPI.

REGARDING RESERVES.  The operating budget for your association is prepared every year to project the next years expenses and determine the amount of.

Welcome! Before-We-Begin Tasks: 1.) Locate the School Financial Services homepage: and bookmark it!

SUMMER AT A GLANCE May 22 nd, 2014 Erin Fath, Assistant Director School Financial Services Team, DPI.

BOARD OF EDUCATION Finance Presentation Thursday, February 9, 2012.

EQUALIZATION AID WASBO NEW SCHOOL ADMINISTRATORS & BUSINESS SUPPORT STAFF WORKSHOP Stevens Point August 17, 2007 Karen Kucharz School Finance Team.

Department of Public Instruction School Financial Services Team 1Department of Public Instruction March

CHIPPEWA FALLS AREA UNIFIED SCHOOL DISTRICT PROPOSED BUDGET.

WOODLAND SCHOOL DISTRICT YEAR END FINANCIAL SUMMARY Presented by: Stacy Brown Director of Business Services.

Proposed Budget. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance & SB Budget Hearing/Annual Meeting in Sept. Budget Finalized.

Understanding General Aid Erin Fath, Assistant Director, School Financial Services Team, DPI Bob Avery, Director of Business Services, Beaver Dam Unified.

W.A.S.D.A. NEW ADMINISTRATOR’S WORKSHOP YOUR FIRST YEAR BUDGET THE STATE PERSPECTIVE February 2, 2005 Jerry Landmark Karen Kucharz.

LOCKPORT CITY SCHOOL DISTRICT Budget Presentation Expenditures: The Big Picture Presented by Michelle T. Bradley Superintendent of Schools and.

Equalization Aid Emily Koczela, Brown Deer Business Manager Karen Kucharz Robbe, School Financial Services Consultant Department of Public Instruction.

W.A.S.D.A. NEW ADMINISTRATOR’S WORKSHOP BUILDING YOUR FIRST YEAR BUDGET THE STATE PERSPECTIVE February 1, 2006 Jerry Landmark Karen Kucharz.

March 19, 2014 Department of Public Instruction School Financial Services Team.

20 TH ANNUAL SMALL SCHOOLS CONFERENCE DPI School Finance Issues Jerry Landmark, Karen Kucharz March 10, 2005.

WASBO Fall Conference 2014 “Year Of Success” Track October 2, 2014 Bruce Anderson – School Finance Consultant, DPI Bob Avery – Director of Business Services,

The Aid Formula - Factors That Create Change WASBO Fall Conference Elkhart Lake September 28, 2006 Lori Ames Jerry Landmark DPI School Finance Team.

Equalization Aid & Revenue Limits “Using Your Knowledge” WASBO “WINTER AT A GLANCE WORKSHOP” New Business Office Staff Year of Success Program Karen Kucharz.

WINTER AT A GLANCE N EW B USINESS O FFICE S TAFF Y EAR OF S UCCESS P ROGRAM D ECEMBER 3, 2013 Erin Fath, Assistant Director School Financial Services Team,

Fall at a Glance WASBO Fall Conference New School Administrator & Business Support Staff Workshop October 2, 2014 Bob Soldner, Director, School Financial.

Annual Meeting Budget Hearing Budget Process Overview Revenue Limit Calculation and Estimation of Other Revenues December Revenue Limit Calculation.

WASBO NEW SCHOOL ADMINISTRATORS AND BUSINESS SUPPORT STAFF WORKSHOPS Revenue Limits August 17, 2007 Karen Kucharz, Consultant DPI School Finance Team.

Equalization Aid & Revenue Limits “Using Your Knowledge” WASBO “WINTER AT A GLANCE WORKSHOP” New Business Office Staff Year of Success Program Karen Kucharz.

1 Bruce Anderson – School Finance Consultant (608)

"To be persuasive we must be believable; to be believable we must be credible; credible we must be truthful." — Edward R. Murrow "If I am through learning,

Department of Public Instruction 1.  Property Value, Tax Levy, and Taxpayers – The Confusing Questions  Equalization Aid  Summer School Fees Department.

1 Along the Wisconsin River Seminar documents are located at:

Fall at a Glance WASBO Fall Conference New School Administrator & Business Support Staff Workshop October 8, 2015 Debi Towns, Ass’t. Dir., School Financial.

Proposed Budget. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance & SB Budget Hearing/Annual Meeting in Sept. Budget Finalized.

WINTER AT A GLANCE N EW B USINESS O FFICE S TAFF Y EAR OF S UCCESS P ROGRAM D ECEMBER 1, 2015 Robert Soldner, Director Debra Towns, Assistant Director.

1 Bruce Anderson – School Finance Consultant (608)

CAPITAL EXPANSION FUND (F41) LONG-TERM CAPITAL IMPROVEMENT TRUST FUND (F46) CAPITAL PROJECTS FUNDS CAPITAL EXPANSION FUND (F41) LONG-TERM CAPITAL IMPROVEMENT.

Revenue Limits Debra Towns Assistant Director School Financial Services Department of Public Instruction January 21,2016.

Equalization Aid & Revenue Limits “Using Your Knowledge” WASBO “WINTER AT A GLANCE WORKSHOP” New Business Office Staff Year of Success Program Carey Bradley.

STATE EQUALIZATION & GENERAL AID ERIN FATH – ASSISTANT DIRECTOR DPI SCHOOL FINANCIAL SERVICES TEAM AUGUST 14, 2013 WASBO New School Administrators and.

Franklin Public Schools Audit Presentation For the Year Ended August 31, 2012 DANA F. COLE & COMPANY, LLP CERTIFIED PUBLIC ACCOUNTANTS.

College Community School District 4 Budget Calculations for General Fund Budget Year.

Winter School District

City of Somersworth, New Hampshire

Ashwaubenon School District

Executive Director of Finance and Support Services

The Municipal Budget and Finance Manual

Duxbury’s Education Spending in Context

Property Tax Levy – Taxes Payable 2019

Chenango Forks Central School District

Oak Park Elementary School District 97 Presentation of FY 2020 Final Budget September, 2019.

MARSHALL PUBLIC SCHOOLS

Gothenburg Public Schools

Presentation transcript:

Equalization Aid – Behind the Scenes Brent Richter, Director of Business Services, Lodi School District Karen Kucharz Robbe, Finance Consultant, School Financial Services Team, DPI

Greater Understanding of the Equalization Aid Formula Components That Affect the Amount of Your Aid Negative Tertiary Aid and What You Can Do About It (!) 2

A.July General Aid Certification - Abbotsford School District - District-Specific B.Longitudinal Equalization Aid - Linn J6 - Bayfield - Sun Prairie - Appleton - District-Specific C. Power Point Slides

Positive Primary Aid Positive Secondary Aid Positive Tertiary Aid District Value per Member Negative Tertiary Aid Negative Secondary Aid No Equalization Aid Equalization Aid Review from August 14, 2014 Presentation

3 District Factors Wealth (Property Tax Base) Number of Students to Educate (Membership) Shared Cost (Revenues and Expenditures)

General Fund (10) Debt Service Funds (38 & 39) Capital Projects Fund (41) (only certain aidable expenditures as determined by DPI) Plus, a few extra items. Equal Aid calc uses prior-year data, so any significant changes in your expense/revenue pattern will take 1 year to have an effect on Shared Cost/Equalization Aid.

Expenditures that are funded by Taxes (Source 210), Computer Aid (Source 691), General Aid (Source 620), or Fund Balance. ExpendituresRevenues  Revenues Removed – i.e. Deducted

(not an exhaustive list) All State and Federal Grant Revenues Tuition Revenue Earnings on Investments Gate Receipts Fees & Fines Federal and State Aid Transits E-Rate Refunds Fund 10 Deductible Receipts Deductible receipts are deducted from total expenditures as part of the process to get to shared cost.

Taxes-Src 210 (includes levy 211, chargebacks 212, mobile home fees 213, TIF closeouts 219) Computer Aid-Src 691 General State Aid-Src 620 (includes High Poverty Aid) Property Tax and Equalization Aid Refund-Src 972 Impact Aid Non-Deductible (DPI-computed amount) Reorganization Settlement-Src 850 Long Term Operational Borrowing-Src 873, 874 Fund 10 Non-Deductible Receipts Expenditures made from the following revenue sources ARE in shared cost:

Refinancing is Shared Cost-Neutral.

Positive Primary Aid Positive Secondary Aid Positive Tertiary Aid District Value per Member Negative Tertiary Aid Negative Secondary Aid No Equalization Aid Equalization Aid

Expenditures Revenues D N DN D

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 #1: Revenues remain unchanged. Expenses are increased. D D N DN D S h a r e d C o s t

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 All revenues unchanged. Expenses increased. Shared cost increases. DD N DN D SharedCostSharedCost

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 2 Scenario #2: Add tuition revenue (deductible receipt). Expenses unchanged. D D N DN D S h a r e d C o s t

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Added tuition revenue (deductible receipts). Expenses unchanged. Shared cost is reduced. D D N DN D SharedCostSharedCost

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Scenario #3: Add tuition revenue. Add equal expense. D D N DN D S h a r e d C o s t

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Added tuition revenue, expenditures increased by equal amount. No change in shared cost. D D N DN D S h a r e d C o s t

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Scenario #4: New High Poverty Aid (or any other non-deductible). Don’t add any expense. D D N DN D S h a r e d C o s t

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Added High Poverty Aid, deductible receipts unchanged. Expenses unchanged. No shared cost change. D D N DN D S h a r e d C o s t

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Scenario #5: New High Poverty Aid (any non-deductible), expenditures increased by equal amount. D D N DN D S h a r e d C o s t

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Added High Poverty Aid revenue (or another non-deductible), deductible receipts unchanged. Expenses increased. Increase in shared cost. D D N DN D S h a r e d C o s t

Revenues No Change Deductible Receipts Non-Deductible Receipts Expenditures No Change Increase/ Decrease  Incr Exp - Increase Shared Cost  Decr Exp - Decrease Shared Cost  Increase Reduce Shared Cost  Decrease Increase Shared Cost  Chng in Revs = Chng in Exp No Effect  Chng in Revs > Chng in Exp Reduce Shared Cost  Chng in Revs < Chng in Exp Increases Shared Cost  Increase No Effect  Decrease No Effect  Chng in Revs = Chng in Exp SC Change = Exp Change  Chng in Revs > Chng in Exp SC Change = Exp Change  Chng in Revs < Chng in Exp SC Change = Exp Change All other things remaining equal.

3 State Factors Cost Ceilings Guaranteed Property Valuations Per Member Amount of Money to Distribute

Positive Primary Aid Positive Secondary Aid Positive Tertiary Aid District Value per Member Negative Tertiary Aid Negative Secondary Aid No Equalization Aid Equalization Aid

“Multi-Year Longitudinal Analysis of General and Equalization Aid Formula Components” Location: SFS Homepage > Longitudinal Data > Equalization Aid

Positive Primary Aid Positive Secondary Aid Positive Tertiary Aid District Value per Member Negative Tertiary Aid Negative Secondary Aid No Equalization Aid Equalization Aid

Knowing your district’s specific profile and where you are headed in the aid formula will help you better explain how changes in local finances might affect your state aid. What if we underspend our budget? How does that affect our aid? If we go to referendum, how will our aid change?

“ Equalization Aid Worksheet” Location: SFS Homepage > Worksheets > DPI Executable

Final Aid Eligibility* Equalization Aid (Line H1)$914,004 Inter-District (Line I1)$0 Intra-District (Line I1)$0 Special Adjustment (Line I1)$31,833 Total$945,837 X.85 85% Minimum for $803, Aid Eligibility* Equalization Aid (Line H1)$523,943 Inter-District (Line I1)$0 Intra-District (Line I1)$0 Special Adjustment (Line I1)$280,018 Total$803,961 X.85 85% Minimum for $683,367 Special Adjustment Aid ensures the district receives at least 85% of the prior year’s General Aid eligibility. * Prior to Choice/Charter Deductions.

Bruce Anderson, Consultant Carey Bradley, Consultant Dan Bush, Consultant Karen Kucharz Robbe, Consultant Gene Fornecker, Auditor Michele Gundrum, Auditor Brian Kahl, Auditor Vacant, Assistant Director Bob Soldner, Director Phone: (608) Fax:(608)