School District of Mauston Budget

“2020” VISION Challenge Learn Grow Succeed!

Fund 10 General Fund Balanced Budget at $16,531,794 Fund Balance $4,796,129 or 29% of Fund 10 Expenditures ($61,428 to Fund Balance).34% of Expenditures

Why Do We Have a Fund Balance? Avoid excessive short term borrowing Be able to make unforeseen one time expenditures Enhance bond rating How Large Should It Be? From the DPI: “An amount sufficient that short term borrowing for cash flow could be avoided and would also allow the district to set aside sufficient assets to realize its longer range goals.”

Grants Youth Apprenticeship - $16,017Youth Apprenticeship - $14,767 Carl Perkins - $14,775Carl Perkins – $16,899 OMS Taste Testing Grant - $1,200Educator Effectiveness - $10,800 2 Smarter Lunchroom Grants - $1,000Second Harvest Grant – $2,500 Native American Grant - $10,932Native American Grant - $7,344 2 Fresh Fruit & Vegetable Grants – $29,7332 Fresh Fruit & Vegetable Grants - $20,540 Montessori Charter School Grant - $150,000Food Service Equipment Grant - $18,100 Second Harvest Grant $2,500Wisconsin Technology Initiative Grant - $50,000 Educator Effectiveness - $10,800 Total = $236,957 Total = $140,950

Fund 21 Special Projects Fund Donations for Approved at Board of Education Meetings $76, $31,885 Booster Club has Paid off School Sign Loan for $30,000

Funds 38 & 39 Long-Term Debt Balance as of 6/30/15 - $10,390,000 Paid Off:WRS Unfunded Liability - $150,000 Booster Club Sign - $30,000 Original Bond Issues Were Scheduled to Be Paid Off In $10,220,000 Additional Referendum Debt Paid Off in $2,500,000 $1,655,000 – QZAB (Qualified Zone Academy Bonds– 0% Interest) $845,000 – Promissory Note (Bank of Mauston – 1.4% Interest) Saved with QZAB - $324,164 in Interest Costs Mil Rate Impact – Originally Projected at $0.08/$1,000 – Now Negative $0.03/$1,000

Fund 50 Food Service Fund Deficit - $46, $67,968 Projecting a Deficit of $33,144 for

New In Food Service Healthy Food Act Requirements and Training New Food Service Directors-2,500-9,999 Students (Associate Degree with 2 years School Nutrition Experience) 12 Hours Continuing Education/Training (6 for ) Other Food Service Employees Staff at Least 20 Hours/Week- 6 Hours (4 for ) Staff Less Than 20 Hours/Week – 4 Hours

After School Snacks and Summer Meals ,774 snacks given away since Nov ,337 snacks Summer meals served- 12,822 Breakfast – 3,423 Lunch – 9, Summer meals served – 12,979 Breakfast – 3,759 Lunch – 9,220 New – Adults Can Eat Lunch

New in Fund 80 PI80 Permanent Rule (In Effect Back to July 2014) One-time Opportunity for Fund 80 Balance Transfer ( Only) Transferred $63,110 to Fund 21 Fund 10 – Pay for Pool Supplies, Custodial Time and Utilities Fund 21- Pay for Maintenance/Repairs of the Pool Fund 80 – Pool Director/Lifeguards/Community Musical Expenses

Affordable Care Act What’s Happening Next? The District is Preparing: Contracted with Health Insurance Consulting Service Preparing for Required Reporting in January

Open Enrollment In – $563, Out – $371, Net – $192, In - $600, Out - $521, Net - $78,643.76

Equalization Aid Actual Projected $8,810,563$9,013,569

Tax Levy Fund 10$5,116,061 Fund 39$2,415,963 Fund 41$ 75,800 Fund 80$ 31,478 TOTAL$7,639,302 (Down 2.83%)

Property Values/Mil Rate Fall 2014 Actual - $646,832,520Fall 2015 Estimate from Baird - $647,572,174 Increase of.1% Final Mil Rate - $12.15/$1, Mil Rate - $11.81/$1,000 (Projected as of 8/24/15) Taxes on property valued at $100,000 would be $1,181.

Questions?