1. Shawano School District Annual Meeting Budget 2008-09 School Year July 23, 2008

2. Income Summary 2007-08 School Year  Source Budget Actual  Federal Aid 483,562 444,686  Cat. State Aid 2,202,811 2,171,646  School Choice 525,000 691,700  General State Aid 16,502,781 16,502,781  Local Income 480,744 496,611  Prop. Tax Levy 8,776,180 8,776,180

3. Disbursements by Funds 2007-08  Budget Actual  Comm. Services 180,031 175,625  General Fund 25,581,809 25,333,827  Fund 27 1,201,564 1,159,595  Debt Fund 1,981,113 1,981,113

4. 2007-08 Income  General Fund Budget$25,432,318  General Fund Actual $25,616,664  Difference/Over $ 184,346

5. Expenses 2007-08  General Fund Budget $25,631,690.00  General Fund Actual $25,333,827.32  Difference (Under) $297,862.68  Roof Middle School $180,792.00  Balance $117,070.68  Without Roofing Project 98.84% of budget  With roofing project 99.54% of budget

6. 2008-09 Budget  Budget is prepared using revenue limit calculation with information from DPI.  If 3 rd Friday student count is higher in September, the revenue limit will be recalculated.  Equalized Valuation of District will not be known until Oct. 15.

7. Revenue Limit Revenue Limit 2008-09 $23,886,498 Revenue Limit 2007-08 $23,126,512 Increase $ 759,986

8. Equalized State Aid Estimated State Aid 2008-09 $ 15,950,070 Actual State Aid 2007-08 $16,502,781 Decrease $ 552,711

9. State Aid Information  For 3 Years, beginning in 2008-09, State Aid will be increased 5% because of the separation of our district.  2008-09 State aid $15,950,070.  Without the 5% increase State Aid $14,996,960 or $953,110 less.

10. Local Tax Levy 2008-09  General Fund 7,916,428  Debt Retirement 2,150,000  Community Services 157,418 Total $10,223,846  Increase in Tax Levy from 2006-07 to 2008-09. $ 580,841 $

11. Mill Rate Comparison  2008-09 mill rate 7.67 mills  2007-08 mill rate was 6.78 mills.  2006-07 mill rate was 7.29 mills.  2007-08 mill rate lower because we received larger amount of State Aid (prior year’s costs).  From 2006-07 to 2008-09 Increase.38 mills

12. Proposed Mill Rate Proposed mill rate assumes a 3% increase in equalized valuation. Taxpayer with a home value at $100,000 will have a increase of $38.00 from 2006-07 to 2008- 09.

13. General Fund Revenue Changes Tax Levy + $1,447,666 Equalization Aid - 552,711 No Other Substantial Changes in Revenue.

14. Expenditures 2008-09  General Fund  Includes Carry Over Project: SCMS School Roof  OPEB Additional  $26,505,726   $ 180,792  $ 100,000

15. Budget Notes Cont.  Operational/Maintenance $435,176  Rental of Facilities $ 20,000  Second year of implementation of new telephone system $110,000  Pupil Transportation Inc. $ 92,375  Middle School Bus Loading $90,000

16. Instructional Budgets  Schools prepared budget for their schools (Site Based Management).  3 Per Cent Per Student increase in instructional budget.  Total expenditures for instructional budget $987,729.

17. Resource (Textbook) Allocation  Resource (Textbook) Allocation - $117,008.  Follows cycle set up by administrators.  This year – Grades K-4 Science Grades 9-12 Language Arts Budget includes textbooks, software, and resource material.

18. Sage Funding  We will continue SAGE at the 15- 1 ratio in Grades K-3.  Anticipate $750,000 in revenue.

19. Fund 20  Gifts & Trusts  Special Education  Title IX Indian Education  17,000  $4,669,245  $ 127,364

20. Fund 39 Debt Retirement  Tax Levy  Interest Income  Total Revenue  Expenses  Levy Increase  2008-09 Levy  2007-08 Levy  Increase  $2,150,000.00  $ 50,000.00  $2,200,000.00  $2,063,913.00  $2,150,000.00  $2,050,000.00  $ 100,000.00

21. Fund 38 Refinance Prior Service  2008-09 Estimated 1% of Salary  Principal G O Bonds  Interest G O Bonds  $150,39200  $85,000.00  $65,393.00

22. Food Service (Fund 50  2007-08 Income  2007-08 Expenses  Balance  Fund Balance Exp.  Current year Balance  $1,243,855.28  $1,263,513.76  $ -19,658.48  $ 30,023.40  $ 10,364.92

23. Food Service (Fund 50) 2008-09  Income  Expenses  Balance  With 10 cent in- crease in Breakfast & Lunches.  $ 1,308,592.00  $ 1,282,026.00  $ 26,566.00

24. Community Ed. (Fund 80) 2007-08  Income $182,529.23  Expenses $175,625.01  Balance $ 6,904.22

25. Comm. Ed (Fund 80) & Summer School (Fund 90)  Fund 80 Comm. Ed.  2008-09 Income & Expenses  Fund 90 Coop. Programs  2008-09 Income & Expenses  $218,4181.00  $499,429.00

26. Budget Changes  Budget increase $ 921,836  Percent Increase 3.09%

32. In Conclusion  This budget will be presented at the Annual Meeting.  The Board will finalize the budget in October.  Adopt the budget in function number order for the Annual Meeting.