Welcome Back - School District of Cadott Community

2015-16 School Year
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Annual Meeting and Budget Hearing
 Monday, October 5, 2015 @ 8 p.m.
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Call to order
Pledge of allegiance
Presentation of Proposed Budget for 2015-16
Election of Chairman
Method of Voting
Approval of Agenda
Minutes from 2014 Budget Hearing and Annual Meetings
Treasurer’s Report
Receipts and Expenditures for 2015-16
Debt Statement
Fund 73 – Trust Report
Fund 80 – Community Service Report
President’s Report
Superintendent’s Report and Budget Report
Authorization to Levy School tax
Board of Education’s Salaries
Authorizations
Temporary Borrowing for Operations and Maintenance
Legal Defense and Prosecution as Required
Operation of School Lunch Program
Furnish Textbooks and Periodicals
Establishment of Next Annual Meeting
Adjournment
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869 Total Students
 pk-12
 Slightly increasing
enrollment
Open Enrollment
 47 in/68 out
4 Major Buildings
 Elementary
 Junior/Senior High
 Bus Barn
 School Forest
128 staff members
 56 elementary
 57 secondary
 15 transportation
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School Report Card Data
 Elementary Exceed Expectations
 Middle Meets Expectations
 High School Exceed Expectations
Special Education
 *17% Special Education rate
Daily Attendance
 *95.8% attendance rate
Graduation Rate
 *95%
ACT Graduating Senior Composite
 *24.2
*Higher than State average
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Our Mission:
 To challenge each and every child to
reach his or her full potential.
WE BELIEVE:
 Curriculum and Instruction
Research and data will be utilized to ensure that
best practices are being effectively used to instruct
students in a manner that differentiates for each
individual learner and prepares them with the
academic and social skills necessary for success in
each of their futures as caring, contributing, proud,
productive, and responsible citizens.
 Personnel
Administration and staff will work collaboratively
to ensure that a group of continually well-trained
individuals is dedicated to helping the learningcommunity reach its vision of excellence by
offering a rigorous, well-rounded education.
 Facilities and Equipment
The school district will provide attractive facilities that
ensure a healthy, safe and secure environment with
tools conducive for academic excellence in the 21st
century and beyond.
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Fiscal Responsibility
Expectations for efficient operations and appropriate
oversight of district finances, along with continued
financial support shared by the local, state and
national levels, will ensure the financial stability of the
school district.
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Collaboration with Stakeholders
Students, parents, staff and community members will
partner to support the mission of the school district
and ensure that students are encouraged to reach
their full potential by taking advantage of the provided
opportunities that result from collaborative efforts by
all stakeholders.
2014-15 District Highlights
Completion of the Elementary Remodeling Project
Upgrading the Elementary Playground for Handicap
Accessibility
 Raising the Bleachers for line of sight and Handicap
accessibility
 Replaced two Buses
 Renewed Network Infrastructure
 Increased available technology for students and
staff
 Increased Hornet Pride visibility within community
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State winner in Track
8 State Track Qualifiers
1 Special Olympics State Qualifier
2 Wrestling State Qualifiers
Cheerleading returned
9 time State and National Archery Qualifiers
4 Future Business Leaders of America (FBLA) State Qualifiers
6 SkillsUSA State Qualifiers
Increased student participation in Family, Career and
Community Leaders of America (FCCLA) from 13 to 36 active
members
1 FFA State Award Winner
Increased student participation in FFA from 45 to 70 active
members
4 Forensics State Qualifiers
9 National Honor Society Inductees
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45 Seniors Graduated with 77% going on to post Secondary
School earned $82,771 in scholarships
1 National Merit Scholarship Semi-Finalist (1 of 16,000)
2 Band students qualified to perform at the State Music Festival
2 Choir students qualified to perform at the State Solo and
Ensemble Festival
77 students earned college credit through Transcripted Credit
agreements with CVTC
CVTC Transcripted Credit Partnership Award Recipient (only
District to win this award in two consecutive years)
Wisconsin Association for Colleges of Teacher Education Early
Career Educators Award Recipient
Destination Imagination elementary team(grades 4 & 5) qualified
for state 4th year in a row.
Destination Imagination middle level team (grades 6 & 7)
qualified for state; their 1st year in existence
2014-15 Budget Implication
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$0 increase in per pupil Revenue Limit in both
years
$0 increase in General Aid in ‘15-16 and 1.2%
increase in ‘16-17
Increases Private School Vouchers to an additional
1% annually to a total of 10%. District will lose
General Aid of $7,214/K-8 member and $7,860/912 member
Maintain 1.6% decrease in State General Aid per
District to cover Milwaukee/Racine Independent
Charter School
Maintain the $150 Special per Pupil Aid in ‘15-16
and increase the Special per Pupil Aid to $250 in
‘16-17
 Increases Library Aid in ‘15-16 and ‘16-17
 $0 increase in Special Education Aid in Biennium
 $0 increase in High Cost Special Education Aid in
‘15-16 and increases the Aid in ‘16-17 but reduces
the proration from 90% reimbursement to 70%
 Add additional accountability and notification
measures
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2015-16 Overview
BALANCE
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Focus on balancing the needs of all stakeholders: students, staff, and
community members to deliver the best education possible.
Continue to maintain benefits including health and dental insurance and
their increasing costs.
Continue to support our diverse educational programs that allow all
children to grow and develop their abilities and skills.
Continue district exploration of energy conservation methodologies.
Provide financial solvency by continuing to prioritize budget priorities
that are in the long-term best interest of students and taxpayers.
Continue to provide necessary Professional Development to teachers
and support services.
Maintain buildings and grounds using the district’s ten year
maintenance schedule as a repair timeline tool.
Referendum
Approved
Debt Levy
Community
Service Levy
Revenue
Limit Levy
Total Tax
Levy
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Referendum Approved Debt Levy
Fund 39 ($280,334)
 Levy as per amortization schedule
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Community Service Levy
Fund 80 ($8,290)
 Used for community based programs
 Levy is determined by needs and currently capped
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Referendum
Approved
Debt Levy
Community
Service Levy
Revenue
Limit Levy
Total Tax
Levy
1993 State Imposed Revenue Limits
 Limits a District’s Operational Levy
General Fund 10 ($2,732,039)
 Non-referendum approved debt Fund 38 ($255,772)
 Capital expansion ($0)
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Districts can levy all or some of this authority
Cadott has historically “underlevied”
Referendum
Approved
Debt Levy
Community
Service Levy
Revenue
Limit Levy
Total Tax
Levy
Resident
Membership
(FTE)
3 year average
Maximum
Revenue Limit
Authority
Revenue per
Member
$0 increase
determined by
State
State General
(Equalization)
Aid
One-time or
on-going
exemptions
Hold harmless
or carry over
Maximum
Revenue Limit
Authority
Revenue Limit
Levy
Authority
$14,000.00
$12,000.00
$10,000.00
$8,000.00
Actual Revenue Limit per Member
$6,000.00
Maximum Revenue Limit per Member
State Average
$4,000.00
$2,000.00
$0.00
Maximum
Revenue Limit
Authority
State General
(Equalization)
Aid
Revenue Limit
Levy
Authority
Trend in State Aid
90.00%
Percent
85.00%
80.00%
75.00%
70.00%
65.00%
2004-05
2005-06
Maximum
Revenue Limit
Authority
2006-07
2007-08
2008-09
2009-10
State General
(Equalization)
Aid
2010-11
2011-12
2012-13
2013-14
Revenue Limit
Levy
Authority
2014-15
2015-16
Projected Revenue Budget
State Sources
$6,013,457
64%
Federal Sources
$230,735
3%
Non-Revenue Sources
$2,000
0%
Other Revenue
$30,155
0%
Local Sources
$2,802,178
30%
Interdistrict (Wisconsin)
$219,800
2%
Intermediate
$91,404
1%
Where the General Fund 10 Money Comes From Longitudinal Data
$7,000,000
$6,000,000
Axis Title
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
Local Sources
Interdistrict Payments intermediated Sources
State Sources
Federal Sources
Other Sources
Tax Levy by Fund
$7,000,000
$6,000,000
Amount
$5,000,000
$4,000,000
October 15 General Aid Certification
Referendum Fund 39 Tax Levy
$3,000,000
Non-Referendum Fund 38 Tax Levy
Community Service Fund 80 Tax Levy
$2,000,000
$1,000,000
$0
Total All Fund Tax Levy
Where the General Fund Money Is Used
$9,422,500
Non-Program
$1,298,164.00
14%
Support Services
$3,558,125.00
38%
Instruction
$4,566,211.00
48%
Vocational Curriculum,
$312,881.00, 7%
Physical Curriculum,
$227,866.00, 5% Co-Curricular Activities,
$231,736.00, 5%
Other Special Needs,
$22,056.00, 1%
Regular Curriculum,
$1,649,882.00, 36%
Undifferentiated Curriculum,
$2,121,790.00, 46%
Instruction $4,566,211
Insurance & Judgements,
$142,000, 4%
Other Support Services,
$2,500, 0%
Pupil Services, $253,100,
7%
Instructional Staff
Services, $509,338, 14%
Central Services, $63,733,
2%
General
Administration,
$259,205, 7%
Business Administration,
$1,776,038, 50%
Support Sources $3,558,125
School Building
Administration, $552,211,
16%
Instructional Services
$390,000.00
30%
Other Non-Program
Transactions
$1,000.00
0%
Inter-fund Transfers
$907,164.00
70%
Non-Program Transactions $1,298,164
Debt Retirement
$0
0%
Insurance and
Judgements
Interfund Transfers
$165,000
$900,000
1%
8%
Capital Equipment
$135,000
1%
Other
$60,000
0%
Where the General Fund
Money Is Used by Object
Non-Capital Equipment
$438,000
4%
Salaries
$5,027,449
42%
Purchased Services
$2,570,000
22%
Benefits
$2,622,642
22%
Fund 73- Post Retirement Benefit Fund
Fund 73 was established as an irrevocable trust account for post-employment benefits.
Funds are invested with MidAmerica Administrative and Retirement Solutions. Below is an audited
accounting of the trust fund:
Balance 7-1-2014
$ 1,260,265.64
Revenue
$ 116,458.22
Expenditures
$ (206,582.70)
Balance 6-30-2015
$ 1,170,141.16
Based on an actuarial study completed in June of 2014, the District's post-employment benefit
trust is fully funded based on current retirees and current post-employment benefits offered to
staff.
Community Service - Fund 80 Report
Fund 80 is used to support the Community Service Activities for the Community through the School District.
During the 2014-15 school year, summer recreation activities were taken over by the community and the
District made the move to utilize Fund 80 as an adult education fund. Shown below is the audited accounting
of Fund 80.
Summer Recreation Softball
$
2,923.00
Summer Recreation Baseball
$
2,968.00
Revenue
$ 8,321.00
Summer Recreation T-Ball
$
290.00
Expenses
$ (6,109.91)
Summer Recreation Supervisor
$
5,329.00
Total Budgeted Expenses:
$
11,510.00
Tax Levy
$
8,290.00
Fees
$
3,220.00
$
11,510.00
Total Budgeted Revenue
Balance 7/1/2014
Balance 6/30/15
$ 11,187.43
$ 13,398.52
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The fund balance reserve is built up from years when
there is more revenue than expenditures often a
result of cutting staff or underspending the budget.
– A healthy fund balance is 15%-20% of total expenditures allowing the
district to cover 2 months of Operating Expenses and/or an emergency.
Fund Balance $1,610,254.25
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
Fund Balance
$1,610,254.25
Total Tax Levy
Equalized
Property Value
(TIF OUT)
1,000
Mill Rate
Total All Fund Tax Levy $3,276,435
$4,000,000
$3,000,000
$2,000,000
Total All Fund Tax
Levy $3,276,435
$1,000,000
$0
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
TIF Out Tax Apportionment Value $331,148,244
$350,000,000
$300,000,000
$250,000,000
TIF Out Tax
Apportionment Value
$331,148,244
$200,000,000
$150,000,000
$100,000,000
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Total Tax
Levy
Equalized
Property Value
(TIF OUT)
1,000
Mill Rate
11
10.5
10
9.5
9
8.5
State Average Levy Rate (10.30 mils)
8
Levy Rate (9.8942 mils)
7.5
7
6.5
6
5.5
5
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Total Tax
Levy
Equalized
Property Value
(TIF OUT)
1,000
Mill Rate
Year
Rate
2004 – 05 = $6.99
2005 – 06 = $6.95
2006 – 07 = $6.50
2007 – 08 = $6.57
2008 – 09 = $6.31
2009 – 10 = $6.81
2010 – 11 = $7.13
2011 – 12 = $7.49
2012 – 13 = $8.73
2013 – 14 = $9.02
2014 - 15 = $9.60
Projected
2015 - 16 = $9.89
Increase
2.98%
5.00%
3.30%
7.21%
4.01%
10.04%
4.00%
9.16%
14.64%
3.00%
9.46%
7.88%
Percent Change in Total Fund
Levy
16.00%
14.00%
12.00%
10.00%
8.00%
Percent Change in
Total Fund Levy
6.00%
4.00%
2.00%
0.00%
1 2 3 4 5 6 7 8 9 10 11
2015-16 Projected Tax Table
Projected Property Tax Impact
2014-15 Equalized Value of the District - $316,407776
2015-16 Projected Equalized Value of the District - $331,148,244
2014-15 Levy
2015-16 Levy
Levy $ Increase Per Month Increase Per day increase
$9.60
$9.89
$0.29
$100,000
$960.00
$989.00
$29.00
$2.42
$0.08
$125,000
$1,200.00
$1,236.25
$36.25
$3.02
$0.10
$150,000
$1,440.00
$1,483.50
$43.50
$3.63
$0.12
$175,000
$1,680.00
$1,730.75
$50.75
$4.23
$0.14
$200,000
$1,920.00
$1,978.00
$58.00
$4.83
$0.16
$225,000
$2,160.00
$2,225.25
$65.25
$5.44
$0.18
$250,000
$2,400.00
$2,472.50
$72.50
$6.04
$0.20
This information based on the District-wide Levy
*Note: Potential Home Owner Property Tax Impact is driven by Overall District Property Valuation.
Property Value
State General
(Equalization)
Aid
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Independent
Charter
School and
Voucher
deductions
Final State
General
(Equalization)
Aid
District will lose $92,260 (1.626%) of our State General Aid to
Independent Charter Schools in Milwaukee and Racine.
District will lose 1% of our student population (2015-16) or 8.69
students to the Voucher Program. The cost of this Voucher program
will come from reduced State General Aid in the form of $7,214 k8/$7,860 9-12 per student. 8 X 7214 = $57,712 Best Case/$62,880
Worst Case or 1% of our Aid ($56,737.65).
Maximum
Revenue Limit
Authority
Final State
General
(Equalization)
Aid
Revenue Limit
Levy
Authority
Questions?