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SCHOOL DISTRICT OF CHETEK

ANNUAL MEETING & BUDGET HEARINGSEPT. 22, 2008

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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).

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MISSION

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

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Budget Development Assumptions or Limitations

Balanced expenditures and anticipated revenuesBudget development using multi-year projections and anticipated changes

EnrollmentsState budget and state participationGrants and federal programsNew laws and legal requirementsLevy to the state minimum of $9,000 per student

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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.

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Long Range Planning Buildings & Grounds/Maintenance

Recent approvals (lockers, landscaping, and gym lighting

TechnologyImplementation of 3 year technology plan (year 2)Student management softwareMaintainence of effort in support of technology

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Parts of the Annual Meeting Booklet

Budget hearing and adoptionResolutionsSupplemental information

Revenue limit calculationBudget publicationBudget detailCharts and graphs

EnrollmentsHistoryLevy

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School District of Chetek

2008-09 Budget

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General Fund

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Revenue

Local Sources 50% 2007-08 2008-09

Taxes $ 4,626,435 $4,915,244Non-Capital Sales 5,313 4,000School Activity Income 26,159 23,500Interest on Investments 51,957 60,400Other Revenue 33,122 18,550

Total Local Sources $4,742,986 $5,021,694

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Revenue Intermediate/Other Sources(Less than 2%) 2007-08 2008-09

Transit of Aids (Grants) $ 11,038 $ 6,923 Open Enrollment 54,867 87,468Medical Services Reimb. 38,713 30,675Refund of Disbursement 25,491 18,170Other Revenue 1,499 0

Total Other Sources $131,608 $143,236

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RevenueState Sources 44% 2007-08 2008-09

State Aid-Categorical $85,013 $77,000State Aid-General 4,431,535 4,143,912SAGE Grant 218,250 238,500DPI Special Grants 44,964 88,229Other Revenue 1,997 2,100Total State Sources $ 4,781,759 $4,549,741

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Revenue

Federal Sources 4% 2007-08 2008-09Special Project Grants $174,565 $79,663Title I & Title V 166,934 183,579Other Federal Revenue 123,066 75,000

Total Federal Sources $ 464,565 $ 338,242

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Total Revenues2007-08 $ 10,120,9172008-09 $ 10,052,913

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2008-09 Budgeted Revenues(Fund 10)

Local Sources50%

Other Sources2%

Federal Sources

4%

State Sources44%

Local Sources Other Sources Federal Sources State Sources

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Expenditures Instruction 47% 2007-08 2008-09

Undifferentiated Curriculum $1,857,513 1,898,253Regular Curriculum 2,191,269 2,269,595Vocational Curriculum 282,672 209,062Physical Curriculum 284,045 220,562Co-Curricular Activities 186,942 217,487Special Needs 17,044 22,727

Subtotal Instruction $4,819,485 4,837,686

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Expenditures

Support Services 39% 2007-08 2008-09

Pupil Services $ 357,387 371,560Instructional Staff Services 369,530 333,264 General Administration 213,192 214,315School Building Administration 540,549 598,021Business Administration 1,641,677 1,709,810 Central Services 349,597 325,771Insurance and Judgments 85,672 86,127Debt Service 22,960 22,960Other Support Services 242,879 276,716

Subtotal Support Services $3,823,443 3,938,544

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ExpendituresNon-Program 14% 2007-08 2008-09

Inter-fund Operating Transfers $815,973 796,676Purchased Instructional Services 485,048 594,335Other Non-Program Transactions 910 5,000

Subtotal Non-Program $1,301,931 1,396,011

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Total Fund 10 Expenditures

2007-08 $ 9,944,8602008-09 $ 10,172,241

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2008-09 Budgeted Expenses(Fund 10)

Instructional47%

Support39%

Non-Program14%

Instructional Support Non-Program

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SPECIAL EDUCATION FUND

Revenues 2007-08 2008-09Operating Transfers In $ 815,973 796,676Interdistrict Payments 939 0.00State Aid Through CESA 25,723 12,840Federal Aid (Grants) 165,991 175,365Handicapped Aid 283,838 262,600

Total Revenues $1,295,465 1,247,481

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SPECIAL EDUCATION FUND

Expenditures 2007-08 2008-09Instruction $922,744 915,166Support Services 236,962 191,222Non-Program 132,759 141,093

Transactions Total Expenditures $1,292,465

1,247,481

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DEBT SERVICE FUND

Revenues Expenditures

2007-08 $ 1,049,556 $1,060,150

2008-09 1,053,692 $1,066,005

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CAPITAL PROJECTS FUND

Revenues Expenditures

2007-08 $ 0.00 $ 0.00

2008-09 0.00 0.00

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FOOD SERVICE FUND

Revenues Expenditures

2007-08 $ 387,278 $ 381,877

2008-09 378,099 383,500

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EMPLOYEE BENEFIT FUND

Revenues Expenditures

2007-08 $ 0.00 $ 0.00

2008-09 0.00 0.00

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COMMUNITY SERVICE FUND

Revenue Expenditures

2007-08 $73,115 $62,6602008-09 76,500

95,799

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Factors Impacting Revenue Limit

Levy amount is set by State StatuteFormula

Number of students$ increase set by StatuteEqualization Aid

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Levy Increase

Loss of State Aid2006-07 49%2007-08 48%2008-09 44%

Property Value per ChildBasis for aid formulaDeclining EnrollmentIncreased Property Values

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REVENUE LIMIT2007-08 Property Tax $4,797,1682007-08 Computer Aid 1,9972007-08 State Aids 4,431,5352007-08 Declining Enrollment 304,500Base 8,926,2002005-06-07 three-year Member Average 1,026Base per Member 8,700Per Member Increase 300Maximum per Member 9,0002006-07-08 three-year Member Average 1,003New Revenue Limit 9,027,000

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REVENUE LIMIT (continued)

Transfer of Service 0Declining Enrollment 207,000Total Revenue Limit 9,234,000Estimated State Aid 4,143,912Referendum Approved Debt 871,148Community Service Fund 70,000Estimated Computer A 2,100

Estimated Local Tax Levy $6,029,136

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Present & Future Local Factors

Impacting Future BudgetsDeclining Enrollment (MEMBERSHIP)

2006-2007 10302007-2008 9952008-2009 972

Equalized Property Valuation2006-2007 $667,618,7952007-2008 $698,795,3952008-2009 $740,795,395

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PROPOSED PROPERTY TAX LEVY

2007-08 2008-09General Fund $4,618,624 4,909,444Debt Service Fund 1,044,852 1,049,692 Community Service Fund 60,000 70,000

TOTAL LEVY $5,723,476 6,029,136

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Mill Rate2006 Equalized Valuation $667,618,795

2007 Equalized Valuation $698,795,395

2007-08 Mill Rate 8.19

2008-09 Projected Mill Rate 8.13

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Valuation

100,000,000162,000,000224,000,000286,000,000348,000,000410,000,000472,000,000534,000,000596,000,000658,000,000720,000,000

Year

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Tax Levy

1,000,0001,500,0002,000,0002,500,0003,000,0003,500,0004,000,0004,500,0005,000,0005,500,0006,000,000

Levy Year

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Mill Rate

0.001.503.004.506.007.509.0010.5012.0013.5015.0016.5018.00

Year

Mill Rate

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Membership

9981030

110911351136 1136

1163 11681147 1140 1143

1119 11181101

11201098

1041

900

950

1000

1050

1100

1150

1200