KAUKAUNA AREA
SCHOOL DISTRICT
2013-2014 BUDGET PRESENTATION
Monday,
October
28, 2013
5:30 pm
Bob
Schafer
Financial
Officer,
KASD
2013-2014 BUDGET HEARING OVERVIEW
• The procedures which common, union high, and unified school districts should
follow in formulating a budget, holding a public hearing, and adopting a
budget are set forth in s. 65.90, Wis. Stats. The steps involved in these required
procedures are summarized as follows.
•
•
•
•
The staff and school board create a proposed budget that identifies expected revenues,
expenditures, and fund balances for the budgeted year in addition to the two fiscal years
preceding the budgeted fiscal year. Budget detail is based upon the Wisconsin Uniform Financial
Reporting Requirements (WUFAR) hierarchy of accounts.
A class 1 notice (one publication) is published which contains a summary of the proposed budget
described above, notice of where the detailed budget may be examined, and notice of the time
and place of the public hearing. Common and union high school districts must hold the budget
hearing at the time and place of the annual meeting.
The public hearing is held, at which time, residents of the district have an opportunity to comment
on the proposed budget.
The school board shall adopt an original budget at a school board meeting scheduled after the
public hearing and no later than the meeting in which the school board sets the annual tax levy
amount.
• For KASD the official 2013-2014 budget hearing and tax levy will be set at the
October 28, 2013, Board of Education meeting.
FUND 10 – GENERAL OPERATING FUND
BUDGET BASICS
• Fund 10
• Fund 10 encompasses all general education expenditures
for a Wisconsin public school district. Per DPI, the general
fund is used to account for all financial transactions relating
to the district’s current operations, except for those required
to be accounted for in other funds.
• Fund 10 will, in the end, cover any budget shortfalls that may
develop in other funds such as special education (Fund 27) or
food service (fund 50).
• Fund 10 will make up the District’s Fund Balance at the end of
each fiscal year. Other funds may or may not carry a fund
balance but the focus of a district’s carryover money is based in
Fund 10.
FUND 10 – GENERAL OPERATING FUND
REVENUE HISTORY AND PROJECTION
• Fund 10 Revenue
• Below is summary of District revenues in Fund 10 over the
past six years and the expected revenue for 2013-2014
• Figures for the 2013-14 budget shown include over expending
the revenue limit by $520,000 through the use of prior year tax
levy carryover funds
KASD Fund 10 Revenue History
$43,000,000
$42,000,000
$42,305,862
$40,658,986
$39,826,311
$41,230,689
$38,000,000
$41,236,862
$39,000,000
$39,895,159
$40,000,000
$39,191,759
$41,000,000
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
$37,000,000
FUND 10 – GENERAL OPERATING FUND
2013-2014 PROJECTED REVENUE
• General operating revenue by source
• DPI utilizes source codes to standardize among school
districts where funds are received from. Minimum source
codes are as follows:
•
•
•
•
•
•
•
100
200
300
500
600
700
900
Operating transfer in (from one fund to another fund)
Revenue from local sources (property tax)
Revenue from interdistrict sources (other school districts)
Revenue from intermediate sources (CESAs)
Revenue from state sources (equalized aid, etc)
Revenue from federal sources (Title funds, grants)
Other revenues (prior year revenues, refunds, adjustments)
FUND 10 – GENERAL OPERATING FUND
2013-2014 PROJECTED REVENUE
KASD - FUND 10 REVENUE BY SOURCE
2013-14
2012-13
2011-12
2010-11
Original Budget
FY Activity
FY Activity
FY Activity
100 Operating transfer in
$
34,628.00 0.08%
200 Local sources
$ 14,281,501.99 34.64%
$ 14,101,946.83 35.41%
$ 13,694,973.63 33.68%
$ 12,943,674.20 30.60%
300 Intermediate sources
$
517,791.40 1.26%
$
513,498.00 1.29%
$
377,008.16 0.93%
$
400 Other revenues
$
20,000.00 0.05%
$
25,511.90 0.06%
$
25,439.71 0.06%
600 State sources
$ 25,628,599.00 62.16%
$ 23,959,824.94 60.16%
$ 24,819,435.49 61.04%
$ 27,608,550.98 65.26%
700 Federal sources
$
669,190.73 1.62%
$
876,060.27 2.20%
$ 1,633,237.06 4.02%
$ 1,127,260.25 2.66%
0.00%
$
2,100.00 0.01%
$
92,996.30 0.22%
$
113,606.03 0.28%
$
349,469.44 0.88%
$
106,792.02 0.26%
$
78,299.94 0.19%
800 Other fed sources
900 Other revenues
Total Revenue
0.00%
$ 41,230,689.15
2013-14 Fund 10 revenues are
budgeted at $41.2 million or $1.4
million more than 2012-13 actuals.
$520,000 of the $1.4 million is coming
from tax levy carryover from previous
years that was not used.
$ 39,826,311.38
$ 40,658,986.07
419,761.88 0.99%
0.00%
$ 42,305,171.55
2013-2014 General Fund
Revenue By Source
1.62%
0.28%
0.00%
Operating transfer in
Local sources
Intermediate sources
34.64%
Other revenues
62.16%
State sources
1.26%
0.05%
Federal sources
Other fed sources
FUND 10 – GENERAL OPERATING FUND
2013-2014 MAJOR REVENUE CHANGES
• Significant changes in Fund 10 revenue from 2012-13 to
2013-14 include:
• Property tax levy increase of $165,635
• State equalization aid increase of $1,677,885
• Recently passed tax relief bill increased this figure by $187,957 over
the original estimate
• Charter school grant funding (and associated expenditures)
has been removed from the operating budget ($400,000)
• Workers’ compensation insurance dividend adjusted to new
guarantees which cut the revenue by $30,000
• $275,000 booked into 2012-13 revenue from the closure of a
Village of Little Chute TIF District – final check came in at
$363,000 which pushed $88,000 in revenue to the 2013-14
operating budget
• Revenues in Fund 10 show an increase of 3.53% from
2012-13 to 2013-14
FUND 10 – GENERAL OPERATING FUND
GENERAL OPERATING EXPENDITURES
• Fund 10 Expenditures
• The 2013-14 general education operating expenditures for
KASD are budgeted at $36,446,019, up from $36,340,003 of
actual 2012-13 costs. The budget to actual difference is
$106,016 or 0.29% increase.
• 2012-13 expenditures included $1.1 million for the renovation of Park
School. Removing the Park School cost the 2012-13 general
education expenditures would have been $35,240,003.
• Eliminating the Park School capital cost the 2012-13 budget to 201314 actual difference is $1,206,016 or a 3.42% increase.
• The Fund 10 operating budget also includes a $4.78 million
transfer to Fund 27, special education, to balance that
account.
• The 2012-13 actual special education transfer from Fund 10 was
$4,543,725. Given current revenue projections it will cost Fund 10
5.3% more for the transfer of funds to balance the special
education account for 2013-14 compared to 2012-13.
FUND 10 – GENERAL OPERATING FUND
EXPENDITURE HISTORY
FUND 10 - GENERAL EDUCATION OPERATING EXPENDITURES
Expense Object
100 SALARIES
200 EMPLOYEE BENEFITS
300 PURCHASED SERVICES
400 NON-CAPITAL OBJECTS
500 CAPITAL OBJECTS
600 DEBT RETIREMENT
700 INSURANCE & JUDGMENTS
900 OTHER OBJECTS
GENERAL OPERATIONS
800 TRANSFER TO FUND 27 - SPEC ED
2013-14
Original Budget
$ 17,577,039.34
$ 6,816,110.44
$ 9,956,006.54
$ 1,568,730.50
$ 198,111.93
2012-13
10 budget FY Activity
48.23% $ 16,612,066.56
18.70% $ 6,239,411.23
27.32% $ 9,964,232.87
4.30% $ 2,552,479.00
0.54% $ 688,681.78
0.00%
$ 261,427.00 0.72% $ 221,893.69
$ 68,594.06 0.19% $ 61,238.33
$ 36,446,019.81
$ 36,340,003.46
4,784,669.34
% of Fund
4,543,725.18
2011-12
10 budget FY Activity
45.71% $ 16,208,675.51
17.17% $ 7,039,165.31
27.42% $ 7,792,146.50
7.02% $ 1,649,508.86
1.90% $ 293,532.60
0.00% $ 318,199.14
0.61% $ 322,541.90
0.17% $ 108,223.80
$ 33,731,993.62
% of Fund
4,357,633.77
2010-11
10 budget FY Activity
48.05% $ 17,346,129.18
20.87% $ 9,078,556.34
23.10% $ 8,176,160.02
4.89% $ 1,802,952.73
0.87% $ 295,504.95
0.94% $ 109,696.69
0.96% $ 281,927.20
0.32% $ 124,409.05
$ 37,215,336.16
% of Fund
4,378,446.13
2009-10
10 budget FY Activity
46.61% $ 17,606,901.57
24.39% $ 9,178,649.12
21.97% $ 7,755,663.92
4.84% $ 1,595,747.47
0.79% $ 708,809.76
0.29% $ 169,110.42
0.76% $ 316,359.59
0.33% $ 90,320.20
$ 37,421,562.05
% of Fund
3,805,957.82
2008-09
10 budget FY Activity
47.05% $ 18,274,180.08
24.53% $ 8,671,025.55
20.73% $ 6,240,927.32
4.26% $ 1,395,945.09
1.89% $ 531,896.41
0.45% $ 289,252.00
0.85% $ 267,502.08
0.24% $ 98,148.53
$ 35,768,877.06
% of Fund
% of Fund
10 budget
51.09%
24.24%
17.45%
3.90%
1.49%
0.81%
0.75%
0.27%
4,062,337.92
• The 2013-14 Fund 10 expenditure budget is up $106,016 over the
2012-13 costs.
• Salary and benefit costs budgeted for 2013-14 account for 66.93% of the Fund 10
budget which is up from 62.88% in 2012-13.
• The capital objects budget, by comparison, is down $455,000 from 2012-13 to 2013-14.
This is a direct result of Park School’s renovation costs.
FUND 10 – GENERAL OPERATING FUND
2013-14 EXPENDITURE BY OBJECT (%)
2013-14 Fund 10 Expenditure by Object
0.00%
0.72%
0.54%
0.19%
4.30%
SALARIES
EMPLOYEE BENEFITS
27.32%
PURCHASED SERVICES
48.23%
NON-CAPITAL OBJECTS
CAPITAL OBJECTS
DEBT RETIREMENT
INSURANCE & JUDGMENTS
OTHER OBJECTS
18.70%
FUND 10 – GENERAL OPERATING FUND
2013-2014 MAJOR EXPENDITURE CHANGES
• Significant changes in Fund 10 expenditures from 2012-13 to 2013-14
include:
• Salaries have increased $965,000 from 2012-13 actual to 2013-14 budget (5.81%)
•
•
•
•
•
•
+$930,000
+$215,000
- $40,000
- $50,000
- $36,000
-$ 50,000
Additional teaching staff
Additional administration
Summer school teaching staff
Maintenance department salary (due to substitute 2012-13)
Projected substitute teacher cost (charter school grant)
Extra time for certified staff (charter school grant)
•
•
•
•
+$285,000
+$155,000
+$110,000
+$ 38,000
FICA/Medicare/Wisconsin Retirement System
HRA payment projection versus first year cost
Health insurance (3% increase for January – June)
Health insurance cost increase due to higher participation
•
•
•
•
•
-$370,000
+$200,000
+$400,000
-$150,000
-$ 40,000
Personal services reduction due to charter school $, Park Sch
Maintenance services due to Honeywell energy project
Open enrollment out aid transfer
Student transportation
Payment to FVTC for services rendered
• Benefits associated with payroll have increased by $576,000 (9.24%)
• Purchased services have remained flat at $9.9 million
FUND 10 – GENERAL OPERATING FUND
2013-2014 MAJOR EXPENDITURE CHANGES
• Significant changes in Fund 10 expenditures from 2012-13 to 2013-14
include:
• Non-capital equipment budget has been reduced by $873,000 (-38%)
•
•
•
•
•
-$803,000
+$ 8,000
+$10,000
- $225,000
+$ 66,000
General supplies (maintenance dept, charter school purchases)
Copy paper projected increase
Uniform purchases acceleration at River View
Non-capital equipment reduction (Park School)
Textbook adoption
• Capital equipment budget is down $490,000 from the 2012-13 expenses (-71%)
• -$420,000
• -$ 72,000
Reduction in new equipment purchased
Vehicle replacement
• Insurance and judgments show an increase of $40,000 (5.3%)
• +$40,000
Work comp insurance cost up
• Special education transfer from Fund 10 to fund 27 has increased $240,000
FUND 27 – SPECIAL EDUCATION
EXPENDITURE REVIEW
$7,069,968
$6,900,000.00
$6,962,229
$7,050,000.00
$7,128,350
$7,116,103
$7,200,000.00
$6,750,000.00
$6,600,000.00
$6,450,000.00
$6,644,046
• KASD spent $6,962,229 on
special education in
2012-13
• The projected
expenditure for 2013-14 in
Fund 27 is $7,069,976 or
$107,747 more than the
actual 2012-13 figure
(1.55% increase)
• A historical perspective of
special education
funding is shown to the
right:
SPECIAL EDUCATION EXPENDITURE
HISTORY
$6,603,156
• Historical perspective
$6,300,000.00
2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
FUND 27 – SPECIAL EDUCATION
OPERATING REVENUE
• Special education revenue
• Special education revenue is from three main sources –
state aid based on the previous year expenditures, federal
aid, and a transfer from Fund 10 to cover costs
• In general both external areas have flat-lined the amount of
money school districts are receiving over the past decade
• A summary of KASD’s special education revenues over the past
three years are shown below plus the projected 2013-14 budget
KASD - FUND 27 REVENUE BY SOURCE
2013-14
2012-13
Original Budget
2011-12
FY Activity
2010-11
FY Activity
FY Activity
100 Operating transfer in
$ 4,784,669.34 67.68%
$ 4,543,724.20 65.26%
$ 4,357,633.77 61.13%
$ 4,328,446.13 60.83%
200 Local sources
$
-
0.00%
$
0.00%
$
0.00%
$
300 Interdistrict sources
$
-
0.00%
$
17,713.28 0.25%
$
92,383.93 1.30%
$
62,374.88 0.88%
500 Intermediate sources
$
-
0.00%
$
39,258.12 0.56%
$
$
8,634.23 0.12%
600 State sources
$ 1,380,899.44 19.53%
$ 1,357,642.00 19.50%
$ 1,454,235.00 20.40%
$ 1,447,929.00 20.35%
700 Federal sources
$
$ 1,003,891.74 14.42%
904,398.98 12.79%
800 Other fed sources
900 Other revenues
Total Revenue
-
0.00%
$
-
$ 7,069,967.76
0.00%
$
-
$ 6,962,229.34
-
0.00%
-
0.00%
$ 1,185,334.46 16.63%
$ 1,268,718.63 17.83%
0.00%
$
0.00%
$
-
0.00%
0.00%
$
38,762.74 0.54%
$
-
0.00%
-
$ 7,128,349.90
$ 7,116,102.87
FUND 27 – SPECIAL EDUCATION
2013-2014 OPERATING REVENUE
• Revenue summary
2013-2014 Special Education Revenue
By Source
• KASD will fund 67% of
total special education
costs for 2013-14 from the
Fund 10 budget
0.00% 0.00%
• The transfer amount has
grown dramatically in the
past five year – nearly 7%
over that time
• State sources will pay
19.5% of the special
education costs for 201314, federal revenues will
be 12.8% of the total
budget
• Both areas have
decreased steadily which
forces the higher transfer
into Fund 27 from Fund 10
12.79%
Operating transfer in
Local sources
Interdistrict sources
19.53%
Intermediate sources
State sources
Federal sources
0.00%
0.00%
0.00%
67.68%
Other fed sources
Other revenues
FUND 27 – SPECIAL EDUCATION
OPERATING EXPENSES
FUND 27 - SPECIAL EDUCATION OPERATING EXPENDITURES
Expense Object
100 SALARIES
200 EMPLOYEE BENEFITS
300 PURCHASED SERVICES
400 NON-CAPITAL OBJECTS
500 CAPITAL OBJECTS
900 OTHER OBJECTS
GENERAL OPERATIONS
2013-14
Original Budget
$ 3,927,648.36
$ 1,464,059.21
$ 1,532,035.32
$ 113,224.87
$ 15,000.00
$ 18,000.00
$ 7,069,967.76
% of Fund
27 budget
55.55%
20.71%
21.67%
1.60%
0.21%
0.25%
2012-13
FY Activity
$ 3,551,829.38
$ 1,355,174.02
$ 1,502,402.47
$ 423,847.79
$ 90,845.42
$ 38,130.26
$ 6,962,229.34
% of Fund
27 budget
51.02%
19.46%
21.58%
6.09%
1.30%
0.55%
2011-12
FY Activity
$ 3,576,944.96
$ 1,394,053.26
$ 1,787,763.98
$ 249,093.41
$ 77,661.44
$ 42,832.85
$ 7,128,349.90
• Special education expenditures
budgeted at $7.069 million for 2013-14
•
•
•
76% of Fund 27 costs are for salaries and
benefits
Purchased services include CESA contracted
costs
Just 2% of the total operating budget in
special education is used for supplies and
materials
% of Fund
27 budget
50.18%
19.56%
25.08%
3.49%
1.09%
0.60%
2010-11
FY Activity
$ 3,827,414.05
$ 1,764,589.27
$ 1,161,199.66
$ 161,407.51
$ 156,609.16
$ 44,883.22
$ 7,116,102.87
% of Fund
27 budget
53.79%
24.80%
16.32%
2.27%
2.20%
0.63%
2009-10
FY Activity
$ 3,736,641.53
$ 1,525,775.81
$ 1,093,189.97
$ 94,232.44
$ 101,071.36
$ 93,135.18
$ 6,644,046.29
% of Fund
27 budget
56.24%
22.96%
16.45%
1.42%
1.52%
1.40%
2008-09
FY Activity
$ 3,825,309.30
$ 1,481,343.05
$ 1,005,553.24
$ 122,693.22
$ 49,133.45
$ 119,123.74
$ 6,603,156.00
% of Fund
27 budget
57.93%
22.43%
15.23%
1.86%
0.74%
1.80%
2013-14 SPECIAL EDUCATION EXPENDITURE % BY
OBJECT
1.60%
0.21%
0.25%
SALARIES
EMPLOYEE BENEFITS
PURCHASED SERVICES
21.67%
20.71%
55.55%
NON-CAPITAL OBJECTS
CAPITAL OBJECTS
OTHER OBJECTS
FUND 38 – NON-REFERENDUM
APPROVED DEBT SERVICE
• Fund 38 Debt Service
• Non-referendum debt service is generated by Board of Education
action and accounted for in Fund 38
• Fund 38 debt service payments are part of the District’s revenue limit
calculation and directly affect the operating budget
• Any reduction in Fund 38 debt service will immediately impact the funds
available to spend on general operations
• A historical perspective of Fund 38 debt service is shown below
$378,023.83
2009-2010
$351,191.50
2008-2009
$345,021.23
$405,687.77
L $200,000.00
e $150,000.00
v $100,000.00
y
$50,000.00
$397,283.00
T
$350,000.00
a
x $300,000.00
$250,000.00
$316,572.50
$400,000.00
$332,876.00
Fund 38 Tax Levy History
$450,000.00
2010-2011
2011-2012
2012-2013
2013-2014
$2007-2008
FUND 38 – NON-REFERENDUM
APPROVED DEBT SERVICE
• Summary of Fund 38 Debt Service
• Wisconsin Retirement System
• Issued May 1, 2007, to payoff debt owed to WRS – $2,740,000
• Maturity date is March, 2020
• Principal owed $1,890,000, principal and interest owed $2,323,943
• Qualified School Construction Bond
• Issued December 9, 2009, to pay for energy efficiency projects in
the District - $500,000
• Maturity date is March, 2020
• Principal owed is $350,000 – no interest bond from federal gov
• Energy Efficiency Exemption
• Issued July 1, 2013, to pay for energy efficiency projects through
Honeywell ESG - $2,000,000
• Maturity date is March, 2018
• Principal owed is $2,000,000, principal and interest owed is $2,106,798
FUND 38 – DEBT SERVICE BUDGET
• Fund 38 Budget
• Expenditures
• 2013-2014 expenditures in Fund 38, will be $378,024
• Payment is a combination of the three debt service issues
• Payment is set by the debt service schedules for each issue
• 2013-2014 revenues for Fund 38, which cover payments made in
March, 2014, as well as September, 2014, will be $514,973
• The increase in revenue is due to the addition of the energy
efficiency project bond issue that begins its repayment schedule
• Energy cost savings are scheduled to offset the additional debt
service fees incurred
• A carry-over of $237,709 will be on the books as of June 30, 2014.
Those dollars will be used to make the debt payment in September,
2014
FUND 38 – NON-REFERENDUM APPROVED
DEBT SERVICE PAYMENT SCHEDULE
FUND 39 – REFERENDUM APPROVED
DEBT SERVICE
• Kaukauna High School Debt Service
• Total debt service outstanding (principal plus interest) on
Kaukauna High School, which is the only referendum approved
debt on the books for the District, $10,467,350
• Principal only debt service is $9,560,000
• The final debt service payment will take place in March, 2017
• The final year in which the referendum approved debt service will have
an impact on the tax levy is 2016-2017
• $1.6 million of the energy efficiency project borrowing will be due during
the 2017-2018 fiscal year. This figure, combined with the retirement of
KHS debt, will produce a $1.0 million tax levy savings in 2017-2018 or a
drop of $0.56 per $1,000 of value on the mill rate
• Without major change and debt retirement KASD will see a drop in its
mill rate from $9.41 per $1,000 value to $7.90 per $1,000 value in the
next five years
• A property paying $1,872 in school tax presently ($200,000 value) would then
pay $1,580
FUND 39 – REFERENDUM APPROVED
DEBT SERVICE PAYMENT SCHEDULE
FUND 49 – CAPITAL PROJECTS
• Energy Efficiency Project
• The funds borrowed and subsequently spent on the Honeywell
ESG energy efficiency project are accounted for using Fund
49, Capital Projects. Per DPI, school districts must utilize Fund 49
for any major project offset by borrowing.
• KASD included $1.0 million in its 2013-2014 operating budget to
cover a portion of the $3.7 million Honeywell project.
Approximately $700,000 was spent from District funds during the
2012-2013 fiscal year. The $2.0 million borrowing was received
7/1/13 and used to repay the District for invoices paid to Honeywell
in June, 2013.
• The June 30, 2014, ending balance in Fund 49 will be $0.00. The
$19,984 left in Fund 49 will be used to pay a portion of the next
invoice received from Honeywell.
• The District will see an immediate surplus in capital improvement
funds for 2014-2015 as the $1.0 million earmarked for Honeywell in
2013-2014 will be completely spent. $500,000 has been set aside in
future year budgets for capital projects.
FUND 50 – FOOD SERVICE
• Fund Balance Perspective
• Food Service fought through a trying 2012-2013 fiscal year
• Mandated changes to products that could be used were
implemented by the Federal Government at the start of the
2012-2013 school year. Mandates were modified in January to
allow for more “user-friendly” products to return to the menu
which created more sales
• Food service costs spiked in 2012-2013 along with a large jump
in the cost of transportation of products to the District forced an
uptick in overall program cost
• The fund balance in food service was set-up to be “bought
down” during the 2012-2013 fiscal year in an attempt to have
the District further enhance equipment in the program
FUND 50 – FOOD SERVICE
• Fund Balance Perspective
• Fund 50 can carry a fund balance at the end of each fiscal
year but a school district must have a plan for use of the
fund balance in the following year
• KASD has made large gains in the past six years on equipment
purchased from the food service fund balance
•
•
•
•
•
•
•
Replaced lunch tables at ALL elementary school sites
New walk-in cooler at River View
New dishwasher at River View
New oven at KHS, Park School (2013)
New mixer and stand at KHS
Upgraded small equipment/cooking utensils/trays at various sites
Upgraded computers and technology at various sites
FUND 50 – FOOD SERVICE
• Fund Balance History
• The fund balance in food service has been strong over the
past four years which has allowed the District to increase
spending on needed equipment
•
•
•
•
•
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
$4,513
$52,174
$129,783
$61,614
$16,792
• The trend over the past two years was anticipated based
on purchases but the 2012-2013 ending figure was less than
desired due to decreased sales and increased costs
FUND 50 – FOOD SERVICE
• 2013-2014 Budget
• Balanced budget is in place for 2013-2014
• Expenditures, revenues set at $1,274,448
• Maintenance department salaries and benefits account for $65,002
of the total food service expenditures. The figure is based on 10% of
the salary and benefit costs of each individual employed by the
District in the maintenance department
• The reasoning behind this is to move the amount out from under
the revenue limit formula and “free” up funds in the general
operating budget
• Building Services accounts for $33,500 of the total food service
expense budget. This figure is based on actual hours billed by BSG
for work done in the kitchen/cafeteria of each building
• Fund balance projected to remain flat at $16,000 on June 30,
2014
FUND 72 - SCHOLARSHIPS
• Fund 72
• KASD holds approximately $170,000 in Fund 72 from which
scholarships are awarded on an annual basis
• $4,568 was earned in interest during the 2012-2013 school year
in Fund 72
• $3,800 was paid out to scholarship recipients at the conclusion
of the 2012-2013 school year
• 13 separate scholarship accounts make up Fund 72
• $138,000 of the $170,000 is located in three of the 13 accounts
• Fund 72 does not account for all scholarship funds that are
paid out on an annual basis only for those that have had
money turned over to KASD to be managed
FUND 73 – EMPLOYEE BENEFIT TRUST
FUND (OPEB)
• Wisconsin Act 99
• Wisconsin State Statute enacted in 2006 allows school
districts to invest funds for the sake of offsetting costs for
future post employment benefits (health insurance, dental
insurance, and other contractual agreements)
• Legislation requires reporting, on an annual basis, the
following information:
•
•
•
•
Amount held in the trust account or accounts
Investment return earned during the last fiscal year
Total disbursements made during the previous fiscal year
Name of the investment manager if applicable
FUND 73 - REVIEW OF 2012-2013
• Trust balance
• KASD held $1,971,987 in its Fund 73 Trust Account as of June 30, 2013
• The projected post employment benefit liability of the Kaukauna Area School
District is $14,943,000 based on the latest actuarial study
• KASD has 13.2% of the unfunded liability covered
• KASD earned $15,151.66 in interest on investments held in Fund 73
during the 2012-2013 fiscal year
• KASD paid $1,035,576 for post employment health, dental, life, and
other retiree benefits during 2012-2013
• Basically this figure is the pay-as-you-go amount for retired employees and
benefits owed to them based on past contracts
• The amount listed comes directly out of the District’s operating budget and is
under the umbrella of the revenue limit
• KASD transferred $114,424 more to Fund 73 from Fund 10 which essentially
was available due to unspent Fund 10 dollars
• Earnings in Fund 73 will offset the cost of the post employment benefit in the
future thus freeing revenue limit funds to be used in other areas
FUND 73 – EMPLOYEE BENEFIT TRUST
FUND 2013-2014
• Trust Fund Advisor
• The Kaukauna Area School District will continue to utilize the services of
CESA 6 and their affiliates for its Fund 73 Employee Benefit Trust
investments
• KASD employees and former employees with a vested interest in its
Employee Benefit Trust Fund program can, at any time, request
documentation on the partnership between KASD and CESA 6 as well as any
other pertinent information regarding investment accounts
• Budget
• KASD expenditures for post retirement benefits is budgeted at $1.14
million for 2013-2014
• A transfer from Fund 10, General Operations, and Fund 27, Special
Education, to Fund 73 will take place cover OPEB costs
• KASD revenues for investment income purposes has been set at
$20,000 for 2013-2014
• Post retirement benefit costs directly affect the Fund 10 operating budget of
a school district
FUND 80 – COMMUNITY SERVICE FUND
• Wisconsin Act 20
• Does not change the authority of school boards to establish
a Community Service Fund but it does limit the levy to an
amount less than or equal to the amount levied for the
2012-2013 school year in Fund 80
• KASD levied $79,373 in Fund 80 last year
• KASD utilized the levied funds to pay for police liaison services at
both River View School and Kaukauna High School as well as
50% of the administrative assistant salary and benefit cost in the
District Activities Department
• Other rule changes with Wisconsin Act 20 include:
• Districts have to report to DPI on how funds will be spent
• DPI has to publish all Fund 80 levy information on their website and
also send the information to the Joint Committee on Finance
• Districts must also report how funds will be spent on their website
FUND 80 - PROPOSED BUDGET
• 2013-2014 Revenue
• $79,373.11 tax levy requested to offset Fund 80 expenses
• Approximate mill rate impact is $0.05 per $1,000 of property value
•
•
A $150,000 property would pay an extra $7.50 due to Fund 80
A $300,000 property would pay an extra $15.00 due to Fund 80
• 2013-2014 Expenditures
• $25,996 toward the cost of the River View police liaison officer
• This is roughly 45% of the annual cost
• $25,996 toward the cost of the Kaukauna High School police liaison officer
• This is roughly 45% of the annual cost
• $27,925 to cover 50% of the administrative assistant cost in the District
Activities Office
• KASD, at one time, earmarked $15,000 to be levied in Fund 80 and donated those
funds to 1000 Islands for services provided. KASD now pays 1000 Islands directly out
of Fund 10 as the donation for services does not meet Fund 80 criteria.
• Fund balance
• The 2012-2013 ending fund balance of $544.82 will be used to offset 20132014 costs
KASD – OVERALL OPERATING BUDGET
2013-2014
• Revenues vs. Expenditures
• Projected 2013-2014 revenues for KASD total $55,862,026
• Projected 2013-2014 expenditures are $53,870,477
• The surplus of $1,991,549 is due to the receipt of revenues for the
Energy Efficiency Project on 7/1/2013 while the expenditures
tied to those funds took place during the previous fiscal year
• The surplus will offset the Fund 49 over expenditure amount of 20122013 and balance Fund 49
• The District is operating with a balanced 2013-2014 budget should
the Board of Education decide to use $520,000 of the tax levy
carryover amount from 2012-2013
2013-2014 PROPERTY TAX LEVY
KAUKAUNA AREA SCHOOL DISTRICT
• The Board of Education must set the FY 2013-2014
tax levy no later than November 6, 2013
• The tax levy must be delivered to the clerk of each
municipality no later than November 10, 2013
• School district’s levy taxes for general operations,
debt service, capital expansion, and community
service
• KASD will levy 2013-2014 taxes for all of the above less
capital expansion
• Property values are equalized to reflect market
value rather than local assessed value
2013-2014 PROPERTY TAX LEVY
KAUKAUNA AREA SCHOOL DISTRICT
• All Wisconsin public school districts use the same
formulas in the development of the tax levy
• Laws regarding maximum taxation by school districts were
set in 1993
• Key components to the tax levy
•
•
•
•
•
•
Pupil count
Equalized aid
Property valuation
Debt service
State imposed revenue limit
Prior year carryover of revenue limit funds
2013-2014 PROPERTY TAX LEVY
PUPIL COUNT
• Pupil count
KASD Enrollment History
Year
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
% Chg
3.71%
1.01%
3.92%
1.50%
1.62%
0.49%
-0.09%
1.88%
3.35%
2.28%
2.25%
0.79%
0.78%
5.04%
1.43%
0.34%
0.94%
1.05%
0.69%
1.46%
0.44%
FTE
3069
3183
3215
3341
3391
3446
3463
3460
3525
3643
3726
3810
3840
3870
4065
4123
4137
4176
4220
4249
4311
4386
• FTE is shown and includes
school year and summer
school combined
• District has shown a slow
but steady increase over
the past decade in FTE
• FTE does not dictate the
number of students being
educated by KASD due to
open enrollment
• FTE does include students
being educated by other
districts but counted by
KASD for aid purposes
2013-2014 PROPERTY TAX LEVY
EQUALIZATION AID
Equalization Aid History
Fiscal Year Equalization Aid
+/- $
% Chg
2002-2003
$ 20,339,750.00
2003-2004
$ 20,970,103.00 $ 630,353.00
3.10%
2004-2005
$ 21,314,517.00 $ 344,414.00
1.64%
2005-2006
$ 22,731,637.00 $ 1,417,120.00
6.65%
2006-2007
$ 24,831,069.00 $ 2,099,432.00
9.24%
2007-2008
$ 25,783,964.00 $ 952,895.00
3.84%
2008-2009
$ 23,918,199.00 $ (1,865,765.00) -7.24%
2009-2010
$ 25,290,346.00 $ 1,372,147.00
5.74%
2010-2011
$ 27,220,836.00 $ 1,930,490.00
7.63%
2011-2012
$ 24,503,894.00 $ (2,716,942.00) -9.98%
2012-2013
$ 23,650,940.00 $ (852,954.00) -3.48%
2013-2014
$ 25,328,795.00 $ 1,677,855.00
7.09%
• Why the increase?
• Operating expenditures
outweighed operating
revenues by $700,000 for
2012-13 which produces an
increase in state aid
• KASD will qualify for tertiary
(third level) aid for the first
time in a few years given
the overspending in 2012-13
• The State of Wisconsin has
given more funds to schools
compared to the 2012-2013
school year
• As noted in the chart, major
changes in equalization aid
take place annually
2013-2014 PROPERTY TAX LEVY
PROPERTY VALUATION
• Equalized valuation is a factor in the tax levy in the
following ways:
• Equalized property value sets the final primary, secondary,
and tertiary equalization aid number
• Equalized property value is the denominator in figuring out
mill rate (amount taxed per $1,000 of equalized valuation)
• For example, KASD taxed $16,690,493 in FY 2012-2013 with and
equalized value of $1,788,398,439
• $16,690,493/$1,788,398,439 = 0.00933 per $1.00 of property value or
$9.33 per $1,000
• A 1% increase in property valuation ($1,806,282,423) with the same
tax would yield a mill rate of $9.24 per $1,000
2013-2014 PROPERTY TAX LEVY
PROPERTY VALUATION
Kaukauna Area School District - Equalized Valuation 2013-2014
County
Taxation District
Equalized Value
Brown
T. Holland
$
Calumet
C. Kaukauna
Calumet
T. Harrison
Calumet
% of District
64,360,647.00
3.60%
$
46,500.00
0.00%
$
70,568,519.00
3.95%
T. Woodville
$
30,958,530.00
1.73%
Calumet
V. Harrison
$
73,959,046.00
4.14%
Calumet
V. Sherwood
$
212,808,455.00
11.90%
Outagamie C. Kaukauna
$
873,869,600.00
48.86%
Outagamie T. Buchanan
$
108,236,129.00
6.05%
Outagamie T. Kaukauna
$
46,951,709.00
2.63%
Outagamie T. Vandenbroek
$
134,212,600.00
7.50%
Outagamie V. Combined Locks
$
74,720,900.00
4.18%
Outagamie V. Little Chute
$
145,978,751.00
8.16%
Total Value
$ 1,836,671,386.00
Kaukauna Area School District
Equalized Valuation by %
0.00%
3.50%
4.07%
3.84%
1.69%
4.03%
7.95%
T. Holland
C. Kaukauna
T. Harrison
2.56%
T. Woodville
7.31%
11.59%
V. Harrison
V. Sherwood
5.89%
C. Kaukauna
T. Buchanan
T. Kaukauna
47.58%
T. Vandenbroek
V. Combined Locks
V. Little Chute
2013-2014 PROPERTY TAX LEVY
DEBT SERVICE
• Fund 38 (non-referendum debt)
• 2013-2014 tax levy is $514,973
• Wisconsin Retirement System = $306,092 (2020)
• Energy efficiency project = $158,881 (2018)
• Qualified school construction bond = $50,000 (2020)
• When debt service is paid off funds will be shifted to the general operating
budget for use as debt is part of the revenue limit
• Fund 39 (referendum debt)
• 2013-2014 tax levy is $2,547,975 or 15.14% of the total levy
• Tax levy is for Kaukauna High School; payoff of $9,560,000 principal is slated
for 2017
• Fund 39 debt service is a direct tax; upon final payment and without another
referendum KASD will reduce the tax levy by approximately $2.5 million per
year
• With the end in site regarding Fund 39 debt service the Board of Education
and District leadership will have to be mindful that a drop in the mill rate of
approximately $2.50/$1,000 will take place after KHS is paid for and the energy
efficiency project leaves the books (2018)
2013-2014 PROPERTY TAX LEVY
REVENUE LIMIT
• History
• Wisconsin Act 16 implemented revenue limits beginning with the 1993-94 school
year. A district's revenue limit is the maximum amount of revenue that may be
raised through state general aid and property tax for the General, NonReferendum Debt (authorized after August 12, 1993), and Capital Expansion
Funds, also referred to as Funds 10, 38, and 41 respectively
• Key components to the revenue limit
• Prior year equalized aid, computer aid, and debt service build a
“base”
• Three year rolling pupil average
• Current year equalized property value
• Allowable per pupil increase
•
KASD utilizing the “floor” amount of $9,100 per student for 2013-2014
• This is an increase to KASD per pupil value of $238.00 over 2012-2013 and is a result of
KASD being an under spending district in the eyes of DPI
• Prior year carryover (non-taxed amount from previous year)
•
One year limitation on taxes but the carryover will continue to the next fiscal year based
on the new carryover amount
• Equalization aid
2013-2014 PROPERTY TAX LEVY
REVENUE LIMIT
Revenue Limit History
Fiscal Year Revenue Limit
+/- $
% Chg
2002-2003 $ 28,187,010.00
2003-2004 $ 29,617,905.00 $ 1,430,895.00
5.08%
2004-2005 $ 30,939,704.00 $ 1,321,799.00
4.46%
2005-2006 $ 32,598,213.00 $ 1,658,509.00
5.36%
2006-2007 $ 34,496,728.00 $ 1,898,515.00
5.82%
2007-2008 $ 36,529,634.00 $ 2,032,906.00
5.89%
2008-2009 $ 38,126,348.00 $ 1,596,714.00
4.37%
2009-2010 $ 39,398,745.00 $ 1,272,397.00
3.34%
2010-2011 $ 40,087,672.00 $
688,927.00
1.75%
2011-2012 $ 38,236,467.00 $ (1,851,205.00) -4.62%
2012-2013 $ 37,782,752.00 $ (453,715.00) -1.19%
2013-2014 $ 39,266,500.00 $ 1,483,748.00
3.93%
• Major 2013-2014 revenue
limit changes
• KASD utilizing the “floor”
amount set at $9,100 by DPI to
calculate the District’s revenue
limit
• Projected a 26 student
increase – turned out to be 75
overall
• Property value has been
increased by $24 million over
the previous year based on
Department of Revenue figures
•
Final property values will be set in
early October and released by DPI
• Figure shown does not include
untaxed dollars from 2012-2013
•
•
District has $1.4 million “on the
table” that could be levied over
and above the revenue limit
Every $0.05 increase in the tax levy
will generate an additional
$100,000 of revenue limit funds to
spend
2013-2014 Revenue Limit Worksheet
DISTRICT:
DATA AS OF 7/1/2013
1.
2.
Line 1 Amount May Not Exceed Line 9 minus Line 7B of Final 12-13 Revenue Limit
2012-13 General Aid Certification (12-13 Line 12A, src 621)
23,650,910 3.
+
2012-13 Computer Aid Received (12-13 Line 17, Src 691)
39,221 4.
+
2012-13 Hi Pov Aid (12-13 Line 12B, src 628)
0
+
2012-13 Fnd 10 Levy Cert (12-13 Line 18, Src 211)
13,746,309
+
2012-13 Fnd 38 Levy Cert (12-13 Line 14B, Src 210)
346,312
+
2012-13 Fnd 41 Levy Cert (12-13 Line 14C, Src 210)
0 5.
+
2012-13 Aid Penalty for Over Levy (12-13 FINAL Rev Limit Worksheet) 0 6.
2012-13 Penalty for Unspent Energy Exemption (12-13 FINAL Rev Limit Worksheet)
0 7.
2012-13 Total Levy for All Levied Non-Recurring Exemptions*
0 A.
NET 2012-13 Base Revenue (LINE 1)
37,782,752 B.
=
8.
A.
*Fo r 12-13 No n-Recurring Exemptio ns Levy A mo unt, enter actual amo unt f o r whic h dis t ric t le v ie d ; (7B Ho ld Harmless,
No n-Recurring Referenda, Declining Enro llment, Energy Efficiency Exemptio n, Refunded/Rescinded Taxes)
B.
C.
September & Summer FTE Membership Averages
Count Ch. 220 Inter-District Resident Transfer Pupils @ 75%.
Line 2: Base Avg:(10+.4ss)+(11+.4ss)+(12+.4ss) / 3 =
2010
2011
Summer fte:
95
66
38
26
% (40,40,40)
Sept fte:
4,182
4,223
Total fte
4,220
4,249
2012
81
32
4,278
4,310
Line 6: Curr Avg:(11+.4ss)+(12+.4ss)+(13+.4ss) / 3 =
2011
2012
Summer fte:
66
81
26
32
% (40,40,40)
Sept fte:
4,223
4,278
Total fte
4,249
4,310
2013
83
33
4,353
4,386
D.
E.
4,260 9.
10.
A.
B.
C.
D.
E.
4,315 11.
12.
A.
B.
2012-13 Base Revenue (Funds 10, 38, 41)
Base Sept Membership Avg (10+.4ss, 11+.4ss, 12+.4ss/3)
2012-13 Base Revenue Per Member (Ln 1 / Ln2)
2013-14 Per Member Change (A+B)
A. Allowed Per Pupil Change (+$0.00/Member)
B. Low Rev Incr ((9,100 - (3 + 4A))-4C) Not < 0
C. Low Rev Dist in CCDEB (Enter DPI Adjustment)
2013-14 Maximum Revenue / Memb (Ln 3 + Ln 4)
Current Membership Avg (11+.4ss, 12+.4ss, 13+.4ss/3)
2013-14 Rev Limit, No Exemptions (Ln7A + Ln 7B)
Max Rev/Memb x Cur Memb Avg (Ln 5 x Ln 6)
Hold Harm Non-Recurr Exemption
Total Recurring Exemptions (A+B+C+D+E+F)
Prior Year Carryover
Transfer of Service (if negative, include sign)
Transfer of Territory (if negative, include sign)
Federal Impact Aid Loss (2011-12 to 2012-13)
Recurring Referenda to Exceed (If 2013-14 is first year)
2013-14 Limit with Recurring Exemptions (Ln 7 + Ln 8)
Total 2013-14 Non-Recurring Exemptions (A+B+C+D)
Non-Recurring Referenda to Exceed 2013-14 Limit
Declining Enrollment Exemption for 2013-14 (from left)
Energy Efficiency Exemption for 2013-14
Adjustment for Refunded or Rescinded Taxes for 2013-14
Prior Year Open Enrollment (uncounted pupils)
2013-14 Revenue Limit With All Exemptions (Ln 9 + Ln 10)
Total Aid to be Used in Computation (12A + 12B)
2013-14 - July 1st Estimate of General Aid
State Aid to High Poverty Districts (not all dists)
37,782,752
4,260
8,869.19
230.81
(from left)
(from left)
(w ith cents)
75.00
155.81
0.00
9,100.00
4,315
39,266,500
(from left)
(rounded)
39,266,500
0
1,416,334
(rounded)
1,416,334
0
0
0
0
<<Enter if not pre-filled
40,682,834
0
0
<<Enter if not pre-filled
0
0
0
<<Enter if not pre-filled
40,682,834
25,329,722
25,329,722
0
REMEMBER TO WAIT FOR THE OCT 15th AID CERT BEFORE SETTING THE 2013-14 LEVY
15,353,112
13. Allowable Limited Revenue: (Line 11 - Line 12)
(10, 38, 41 Levies + Src 691. Src 691 is DOR Computer Aid.)
Line 10B: Declining Enrollment Exemption =
Average FTE Loss (Line 2 - Line 6, if > 0)
X
1.00
=
X (Line 5, Maximum 2013-2014 Revenue per Memb) =
Non-Recurring Exem ption Am ount:
Line 17: State Aid for Exempt Computers
=
30,786
Line 17 = A X (Line 16 / C) (to 8 decimals)
2013 Property Values (estim ate until Oct '13 values are available)
A. 2013 Exempt Computer Property Valuation
Re quire d
B. 2013 TIF-Out Tax Apportionment Equalized Valuation
C. 2013 TIF-Out Value plus Exempt Computers (A + B)
Computer aid replaces a portion of proposed Fund 10 Levy
(Rounds to Dollar)
+
+
=
3,315,700
1,836,671,386
1,839,987,086
14. Total Limited Revenue To Be Used (A+B+C)
Not >line 13
Entries Required Below: Amnts Needed by Purpose and Fund:
A. Gen Operations: Fnd 10 including Src 211 & Src 691
13,941,805
B. Non-Referendum Debt (inside limit) Fnd 38 Src 210
514,973
C. Capital Exp, Annual Meeting Approved: Fnd 41 Src 210
15. Total Revenue from Other Levies
(A+B+C+D):
A. Referendum Apprvd Debt (Non Fund 38 Debt-Src 210)
2,547,975
B. Community Services (Fnd 80 Src 210)
79,373
C. Prior Year Levy Chargeback (Src 212)
D. Other Levy Revenue - Milwaukee & Kenosha Only
14,425,992
16. Total Levy + Src 691, "Proposed Levy" (Ln 14 + Ln 15)
(to B udget Rpt)
17. Est Src 691 (Comp Aid) Based on Ln 16 & Values Entered
18. Fnd 10 Src 211 (Ln 14A-Ln 17), 2013-14 Budget
14,456,778
(P ro po sed Fund 10)
(to B udget Rpt)
(to B udget Rpt)
2,627,348
(to B udget Rpt)
(to B udget Rpt)
(to B udget Rpt)
17,084,126
30,786
13,911,019
Line 18 ( not 14A) is the Fund 10 Levy certified by the Board.
19. Total Fall, 2014 All Fund Tax Levy (14B + 14C + 15 + 18)
Line 19 is the total levy to be apportioned in the PI-401.
20. Fund 30 Src 210 (38 + Non-38) (Ln 14B + Ln 15A)
17,053,340
Levy Rate =
0.00928492
3,062,948
2013-2014 PROPERTY TAX LEVY
PRIOR YEAR CARRYOVER
• Carryover
• The State of Wisconsin allows school districts to over expend
the revenue limit through the use of prior year carryover funds
• Prior year carryover is essentially money left “on the table” by a
school district if that district did not tax to the full amount allowed
under the revenue limit the previous year
• KASD “under levied” in 2012-2013 by $1.4 million
• The “under levy” created a mill rate of $9.33 per $1,000 of value for 20122013
• A full levy, meaning adding the $1.4 million to the tax roll, would have
pushed the mill rate to $10.13 per $1,000 of value for 2012-2013
• The District taxed a $150,000 property at $1,399.50 in 2012-2013 when it
could have taxed the same property at $1,519.50 or $120 more
• As it stands the practice allowing school districts to “chargeback”
for an under levy per the revenue limit is not expected to change
2013-2014 PROPERTY TAX LEVY
PRIOR YEAR CARRYOVER
• KASD Carryover Allocation
• The Kaukauna Area School District will use a portion of the
2012-2013 carryover to offset costs in the 2013-2014 operating
budget
• KASD has carryover of up to $1.4 million to tax and spend during the
2013-2014 school year
• KASD is looking to spend $520,000 of the carryover amount on Fund
10 expenditures in the current fiscal year
• Any unspent carryover funds will be moved forward to the 20142015 operating budget and used if necessary
• Carryover funds used are a direct tax to a school district
• For KASD the $520,000 carryover will add $0.29 per $1,000 of
property value to the mill rate
• For a $150,000 property the carryover will cost the taxpayer an additional
$42.00 for 2013-2014 over what the base levy would have been
2013-2014 PROPERTY TAX LEVY
BOARD OF EDUCATION DECISION
• Various and unending scenarios
• The Board of Education must set a tax levy by the end of October.
Untaxed funds from previous fiscal years has created the potential
for many varied scenarios with regards to the total tax levy and
mill rate. The chart below summarizes the District’s total tax levy
over the past 18 years.
$18,000,000
$2,000,000
$0
$16,690,494
$16,210,408
$15,524,222
$13,912,548
$13,498,368
$12,322,395
$12,612,833
$11,403,684
$10,595,734
$10,115,350
$10,147,210
$10,057,678
$4,000,000
$9,805,537
$6,000,000
$9,788,117
$8,000,000
$8,197,384
$10,000,000
$10,386,064
$12,000,000
$12,380,236
$14,000,000
$15,322,775
Kaukauna Area School District Tax Levy History
$16,000,000
Kaukauna Area School District
Potential Tax Levy Values and Implications To Property Owner
2013-14
Property Valuation
Tax Levy
Carryover $
Equalized Value Mill Rate $ 75,000.00 $ 100,000.00 $ 125,000.00 $ 150,000.00 $ 200,000.00 $ 250,000.00 $ 300,000.00 $ 500,000.00 $ 1,000,000.00 $ 2,000,000.00 $ 3,000,000.00 $ 4,000,000.00
2013-14
Remaining
9,332.65 $ 18,665.30 $ 27,997.95 $ 37,330.59
Deficit or
Maximum =
$ 75,000.00 $ 100,000.00 $ 125,000.00 $ 150,000.00 $ 200,000.00 $ 250,000.00 $ 300,000.00 $ 500,000.00 $ 1,000,000.00 $ 2,000,000.00 $ 3,000,000.00 $ 4,000,000.00
Surplus
$ 1,416,334
2012-13 $ 16,690,493.96 $ 1,788,398,439.00 $ 9.33 $ 699.95 $
Impact on tax levy shown if property value is:
933.26 $ 1,166.58 $ 1,399.90 $ 1,866.53 $ 2,333.16 $ 2,799.79 $ 4,666.32 $
1 $ 16,535,202.00 $ 1,836,671,386.00 $ 9.00 $ (24.74) $
(32.98) $
(41.23) $
(49.48) $
(65.97) $
(82.46) $
(98.95) $ (164.92) $
(329.84) $
(659.68) $
(989.52) $ (1,319.36) $
2 $ 16,645,202.00 $ 1,836,671,386.00 $ 9.06 $ (20.25) $
(26.99) $
(33.74) $
(40.49) $
(53.99) $
(67.49) $
(80.98) $ (134.97) $
(269.95) $
(539.90) $
(809.85) $ (1,079.79) $
110,000.00 $ 1,306,334.00
3 $ 16,755,202.00 $ 1,836,671,368.00 $ 9.12 $ (15.75) $
(21.01) $
(26.26) $
(31.51) $
(42.01) $
(52.51) $
(63.02) $ (105.03) $
(210.06) $
(420.11) $
(630.17) $
(840.23) $
220,000.00 $ 1,196,334.00
4 $ 16,855,202.00 $ 1,836,671,386.00 $ 9.18 $ (11.67) $
(15.56) $
(19.45) $
(23.34) $
(31.12) $
(38.90) $
(46.68) $
(77.81) $
(155.61) $
(311.22) $
(466.83) $
(622.44) $
320,000.00 $ 1,096,334.00
5 $ 16,955,202.00 $ 1,836,671,368.00 $ 9.23 $
(7.59) $
(10.12) $
(12.65) $
(15.17) $
(20.23) $
(25.29) $
(30.35) $
(50.58) $
(101.16) $
(202.33) $
(303.49) $
(404.66) $
420,000.00 $ 996,334.00
6 $ 17,054,265.00 $ 1,836,671,386.00 $ 9.29 $
(3.54) $
(4.72) $
(5.90) $
(7.08) $
(9.45) $
(11.81) $
(14.17) $
(23.61) $
(47.23) $
(94.46) $
(141.69) $
(188.91) $
519,063.00 $ 897,271.00
7 $ 17,154,265.00 $ 1,836,671,368.00 $ 9.34 $
0.54 $
0.72 $
0.90 $
1.08 $
1.44 $
1.80 $
2.17 $
3.61 $
7.22 $
14.44 $
21.65 $
28.87 $
619,063.00 $ 797,271.00
8 $ 17,254,265.00 $ 1,836,671,386.00 $ 9.39 $
4.62 $
6.17 $
7.71 $
9.25 $
12.33 $
15.42 $
18.50 $
30.83 $
61.66 $
123.33 $
184.99 $
246.66 $
719,063.00 $ 697,271.00
9 $ 17,354,265.00 $ 1,836,671,368.00 $ 9.45 $
8.71 $
11.61 $
14.51 $
17.42 $
23.22 $
29.03 $
34.83 $
58.06 $
116.11 $
232.22 $
348.33 $
464.44 $
819,063.00 $ 597,271.00
10 $ 17,454,265.00 $ 1,836,671,386.00 $ 9.50 $
12.79 $
17.06 $
21.32 $
25.58 $
34.11 $
42.64 $
51.17 $
85.28 $
170.56 $
341.11 $
511.67 $
682.23 $
919,063.00 $ 497,271.00
11 $ 17,554,265.00 $ 1,836,671,368.00 $ 9.56 $
16.88 $
22.50 $
28.13 $
33.75 $
45.00 $
56.25 $
67.50 $
112.50 $
225.00 $
450.01 $
675.01 $
900.01 $ 1,019,063.00 $ 397,271.00
12 $ 17,654,265.00 $ 1,836,671,386.00 $ 9.61 $
20.96 $
27.94 $
34.93 $
41.92 $
55.89 $
69.86 $
83.83 $
139.72 $
279.45 $
558.90 $
838.35 $
1,117.80 $ 1,119,063.00 $ 297,271.00
13 $ 17,754,265.00 $ 1,836,671,386.00 $ 9.67 $
25.04 $
33.39 $
41.74 $
50.08 $
66.78 $
83.47 $
100.17 $
166.95 $
333.90 $
667.79 $
1,001.69 $
1,335.58 $ 1,219,063.00 $ 197,271.00
14 $ 17,854,265.00 $ 1,836,671,386.00 $ 9.72 $
29.13 $
38.83 $
48.54 $
58.25 $
77.67 $
97.09 $
116.50 $
194.17 $
388.34 $
776.68 $
1,165.03 $
1,553.37 $ 1,319,063.00 $ 97,271.00
15 $ 17,951,536.00 $ 1,836,671,386.00 $ 9.77 $
33.10 $
44.13 $
55.16 $
66.20 $
88.26 $
110.33 $
132.39 $
220.65 $
441.30 $
882.60 $
1,323.91 $
1,765.21 $ 1,416,334.00 $
Administration request for tax levy amount 2013-2014
Revenue limit tax amount for 2013-14. BoE would
utilize none of the carryover amount if taxing at this
-
$
-
-
Maximum allowed tax levy 2013-14. Amount includes revenue
limit tax as well as full carryover amount from 2012-13.
2013-2014 Budget Hearing
Action Items
 The Board of Education for the Kaukauna Area School
District must take action on the 2013-2014 budget and
tax levy.
 Action Item #1 – The Kaukauna Area School District sets
the 2013-2014 tax levy at $17,054,265. The levy includes
$13,911,944 for general operations, $3,062,948 for debt
service, and $79,373 for community service. The tax levy
sets the mill rate at $9.29 per $1,000 of property value.
 Action Item # 2 – The Kaukauna Area School District sets
the 2013-2014 operating revenue budget at $55,862,026
and the 2013-2014 operating expenditure budget at
$53,870,477.
 Operating expenses and revenues shown include a $4,784,669
transfer from Fund 10 to Fund 27 to cover the cost of special
education not funded through state or federal sources.
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Kaukauna area school district