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

2 INTRODUCTION TO SCHOOL DISTRICT BUDGETING “A school district is represented by its budget. What is included in the budget sets the tone for future years. The school budget must be based on a clearly defined educational plan designed to meet the needs of children in the district” (WASB, Annual School District Meeting, 2008).

3 MISSION Chetek graduates are responsible, caring, productive and healthy citizens with the knowledge and skills to achieve their dreams.

4 Budget Development Assumptions or Limitations Balanced expenditures and anticipated revenues Budget development using multi-year projections and anticipated changes Enrollments State budget and state participation Grants and federal programs New laws and legal requirements Levy to the state minimum of $9,000 per student

5 Goals Incorporated in the Development of the Budget Educational goals: Students shall read at grade level by third grade. Life skills will be taught in the curriculum. Build the skills necessary for students to become productive workers, fair-minded citizens and life long learners. Math Curriculum is a primary focus.

6 Long Range Planning Buildings & Grounds/Maintenance Recent approvals (lockers, landscaping, and gym lighting Technology Implementation of 3 year technology plan (year 2) Student management software Maintainence of effort in support of technology

7 Parts of the Annual Meeting Booklet Budget hearing and adoption Resolutions Supplemental information Revenue limit calculation Budget publication Budget detail Charts and graphs Enrollments History Levy

8 School District of Chetek Budget

9 General Fund

10 Revenue Local Sources 50% Taxes $ 4,626,435 $4,915,244 Non-Capital Sales 5,313 4,000 School Activity Income 26,159 23,500 Interest on Investments 51,957 60,400 Other Revenue 33,122 18,550 Total Local Sources $4,742,986 $5,021,694

11 Revenue Intermediate/Other Sources (Less than 2%) Transit of Aids (Grants) $ 11,038 $ 6,923 Open Enrollment 54,867 87,468 Medical Services Reimb. 38,713 30,675 Refund of Disbursement 25,491 18,170 Other Revenue 1,499 0 Total Other Sources $131,608 $143,236

12 Revenue State Sources 44% State Aid-Categorical $85,013 $77,000 State Aid-General 4,431,535 4,143,912 SAGE Grant 218, ,500 DPI Special Grants 44,964 88,229 Other Revenue 1,997 2,100 Total State Sources $ 4,781,759 $4,549,741

13 Revenue Federal Sources 4% Special Project Grants $174,565 $79,663 Title I & Title V 166, ,579 Other Federal Revenue 123,066 75,000 Total Federal Sources $ 464,565 $ 338,242

14 Total Revenues $ 10,120, $ 10,052,913

Budgeted Revenues (Fund 10)

16 Expenditures Instruction 47% Undifferentiated Curriculum $1,857,513 1,898,253 Regular Curriculum 2,191,269 2,269,595 Vocational Curriculum 282, ,062 Physical Curriculum 284, ,562 Co-Curricular Activities 186, ,487 Special Needs 17,044 22,727 Subtotal Instruction $4,819,485 4,837,686

17 Expenditures Support Services 39% Pupil Services $ 357, ,560 Instructional Staff Services 369, ,264 General Administration 213, ,315 School Building Administration 540, ,021 Business Administration 1,641,677 1,709,810 Central Services 349, ,771 Insurance and Judgments 85,672 86,127 Debt Service 22,960 22,960 Other Support Services 242, ,716 Subtotal Support Services $3,823,443 3,938,544

18 Expenditures Non-Program 14% Inter-fund Operating Transfers $815, ,676 Purchased Instructional Services 485, ,335 Other Non-Program Transactions 910 5,000 Subtotal Non-Program $1,301,931 1,396,011

19 Total Fund 10 Expenditures $ 9,944, $ 10,172,241

Budgeted Expenses (Fund 10)

21 SPECIAL EDUCATION FUND Revenues Operating Transfers In $ 815, ,676 Interdistrict Payments State Aid Through CESA 25,723 12,840 Federal Aid (Grants) 165, ,365 Handicapped Aid 283, ,600 Total Revenues $1,295,465 1,247,481

22 SPECIAL EDUCATION FUND Expenditures Instruction $922, ,166 Support Services 236, ,222 Non-Program 132, ,093 Transactions Total Expenditures $1,292,465 1,247,481

23 DEBT SERVICE FUND Revenues Expenditures $ 1,049,556 $1,060, ,053,692 $1,066,005

24 CAPITAL PROJECTS FUND Revenues Expenditures $ 0.00 $

25 FOOD SERVICE FUND Revenues Expenditures $ 387,278 $ 381, , ,500

26 EMPLOYEE BENEFIT FUND Revenues Expenditures $ 0.00 $

27 COMMUNITY SERVICE FUND Revenue Expenditures $73,115 $62, ,500 95,799

28 Factors Impacting Revenue Limit Levy amount is set by State Statute Formula Number of students $ increase set by Statute Equalization Aid

29 Levy Increase Loss of State Aid % % % Property Value per Child Basis for aid formula Declining Enrollment Increased Property Values

30 REVENUE LIMIT Property Tax $4,797, Computer Aid 1, State Aids 4,431, Declining Enrollment 304,500 Base 8,926, three-year Member Average 1,026 Base per Member 8,700 Per Member Increase 300 Maximum per Member 9, three-year Member Average 1,003 New Revenue Limit 9,027,000

31 REVENUE LIMIT (continued) Transfer of Service 0 Declining Enrollment 207,000 Total Revenue Limit 9,234,000 Estimated State Aid 4,143,912 Referendum Approved Debt 871,148 Community Service Fund 70,000 Estimated Computer A 2,100 Estimated Local Tax Levy $6,029,136

32 Present & Future Local Factors Impacting Future Budgets Declining Enrollment (MEMBERSHIP) Equalized Property Valuation $667,618, $698,795, $740,795,395

33 PROPOSED PROPERTY TAX LEVY General Fund $4,618,624 4,909,444 Debt Service Fund 1,044,852 1,049,692 Community Service Fund 60,000 70,000 TOTAL LEVY $5,723,476 6,029,136

34 Mill Rate 2006 Equalized Valuation $667,618, Equalized Valuation $698,795, Mill Rate Projected Mill Rate 8.13

35 Valuation

36 Tax Levy

37 Mill Rate

38 Membership