School District of
Mauston
2015-16 Budget
“2020” VISION
Challenge
Learn
Grow
Succeed!
FUNDS USED
Capital Projects
(Fund 40)
Food Service
(Fund 50)
Community Service
(Fund 80)
Debt Service
(Fund 30)
Special Projects
(Fund 20)
General
(Fund 10)
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
2014-15
2015-16
Youth Apprenticeship - $16,017
Youth Apprenticeship - $14,767
Carl Perkins - $14,775
Carl Perkins – $16,899
OMS Taste Testing Grant - $1,200
Educator Effectiveness - $10,800
2 Smarter Lunchroom Grants - $1,000
Second Harvest Grant – $2,500
Native American Grant - $10,932
Native American Grant - $7,344
2 Fresh Fruit & Vegetable Grants – $29,733
2 Fresh Fruit & Vegetable Grants - $20,540
Montessori Charter School Grant - $150,000
Food Service Equipment Grant - $18,100
Second Harvest Grant $2,500
Wisconsin Technology Initiative Grant - $50,000
Educator Effectiveness - $10,800
Total = $236,957
Total = $140,950
Fund 21
Special Projects Fund
Donations for 2014-15 Approved at Board of Education Meetings
$76,297
2013-14 - $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 2020 - $10,220,000
Additional Referendum Debt Paid Off in 2020-21 - $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 - $46,877
2013-14 $67,968
Projecting a Deficit of $33,144 for 2015-16
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 2015-16)
Other Food Service Employees
Staff at Least 20 Hours/Week- 6 Hours (4 for 2015-16)
Staff Less Than 20 Hours/Week – 4 Hours
After School Snacks and Summer Meals
2013-14
2013-14
9,774 snacks given away since Nov.
Summer meals served- 12,822
2014-15
Breakfast – 3,423
15,337 snacks
Lunch – 9,399
2014-15
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 (2014-15 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
2013-14
2014-15
In – $563,331.55
In - $600,480.58
Out – $371,123.17
Out - $521,836.82
Net – $192,208.38
Net - $78,643.76
Equalization Aid
Actual 2014-15
Projected 2015-16
$8,810,563
$9,013,569
Tax Levy
2015-16
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 - $646,832,520 Fall 2015 Estimate from Baird - $647,572,174
Increase of .1%
Final 2014-15 Mil Rate - $12.15/$1,000
2015-16 Mil Rate - $11.81/$1,000 (Projected as of 8/24/15)
Taxes on property valued at $100,000 would be $1,181.
Questions?