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2014-15 Proposed Budget. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance & SB Budget Hearing/Annual Meeting in Sept. Budget Finalized.

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Presentation on theme: "2014-15 Proposed Budget. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance & SB Budget Hearing/Annual Meeting in Sept. Budget Finalized."— Presentation transcript:

1 2014-15 Proposed Budget

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

3 Actuarial Valuation of Prior Post Employment Benefits Student Enrollment - 3 rd Friday in September Property Value – October 1 State Aid - October 15 Transfer of Service Needs of the District Budget Factors

4

5 Property Values

6 Estimated State Aid

7 Referendum Dollar Usage

8 BUDGET Revenue Limit: Prior Year Spending, 3 year average of Sept and Summer School Enrollment, Property Value, Transfer of Service, Referendums, Aid. State Aid: District Property Value and prior year average of Sept. and Jan. Enrollment

9 Budget Revenues: State Aid and Taxes Budget Expenses: Salaries and Fringes Transportation Insurance Supplies and Equipment Maintenance Utilities Contracted Services

10 GENERAL FUND (FUND 10) $27,335,396 DEBT SERVICE (FUND 30) $322,000 Maintenance Referendum

11 CAPITAL PROJECTS (FUND 40) $0.00 FOOD SERVICE (FUND 50) $1,063,813 COMMUNITY SERVICE (FUND 80) $0.00 Swimming Pool: Lease agreement with the City of Portage

12 Fund2014-15 Receipts 2014-15 Expenditures General Fund (Fd 10)27,335,396 Debt Service Fund (Fd 39) From Fund Balance 316,500 5,500 322,000 Capital Expansion Fund (Fd 41)00 Food Service (Fd 50)1,063,813 Community Service Fund (Fd 80)00 Total28,721,209

13 Budget to Taxy Levy To determine the property tax levy: Revenue Limit - minus State Equalization Aid = equals Property Tax Levy

14 PROJECTED 14-15 LEVY

15 Each municipality’s share of the levy is determined by its share of the total equalized value. 2013 Values County Municipality Value % ColumbiaC Portage$542,064,80047.54% ColumbiaT Caledonia $171,328,256 15.03% ColumbiaT Dekorra $174,744 0.02% ColumbiaT Ft. Winnebago $69,093,600 6.06% ColumbiaT Lewiston $115,561,668 10.14% ColumbiaT Marcellon $1,079,494 0.09% ColumbiaT Pacific $168,015,824 14.74% ColumbiaT Wyocena $4,246,708 0.37% MarquetteT Douglas $16,338,230 1.43% MarquetteT Moundville $39,033,400 3.42% MarquetteV Endeavor $12,831,900 1.13% SaukT Greenfield $408,712 0.04% TOTAL12 Municipalities $1,140,177,336 100.00%

16 PROJECTED TAX IMPACT $10.18 Mill Rate $100,000 Home $1018. Tax Amount

17 Mill Rate – History

18

19 Note: Budget adjustments are made in October based on student count, actuarial valuation of prior post employment benefits, state aid certification, transfer of service allocation, needs of the district, and property valuations.


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