SPOONER AREA SCHOOL DISTRICT BUDGET PRESENTATION

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1 SPOONER AREA SCHOOL DISTRICT BUDGET PRESENTATION

2 OVERVIEW As reported at last Monday s Board meeting, through planned reductions and unplanned savings, we had a nice State Categorical Aids, mainly SAGE, have increased substantially over the past two years. SAGE is tied to our Free and Reduced numbers, which is 60% at the Elementary School. Title I, a Federal Aid, has increased 57% over the past two years. Title is tied to the poverty level of the District s occupants. We are able to utilize a Federal Special Education stipulation that allows the District to use funds at the Elementary School since it is a School Wide Title I School. Last year we restructured some 2003 state imposed prior year service liability debt to lower our payments $17,000-$20,000 annually. We combined our General Fund bank account with our Debt Service bank account to help with our Cash Flow needs.

3 OVERVIEW We utilized Act 10 and bid out insurances to dramatically reduce benefit expenses. We will be forming committees, including Board Members, Administration, and Staff Members, to further look at insurance and retirement benefits. All of these strategies combined to put us in a much better position than we were in 12 or 18 months ago. I mentioned at last year s Annual Meeting that with the District having control over some major expenses, we may not need to go to referendum in the near future. I am very happy to report that it is my recommendation that we do not pursue a referendum at this time. We can live off of our Fund Balance for a few years assuming there is not a big hit in State funding. This has been a brutal 18 months, but the future looks brighter.

4 Enrollment 17 Enrollment History - Spooner Area School District School Year

5 5 Revenue Cap Calculation Simulation Base Revenue 12,348, ,348, ,531, ,907, Base Membership 1,372 1,340 1,331 1,323 Base/Member 9, , , , Increase/Member (415.45) Maximum Base/Member 9, , , , New Member Average 1,340 1,331 1,323 1,329* *ESTIMATED enrollment. Hold Harmless Exemption 20, Revenue Cap 12,348, ,531, ,907, ,027, Non-Recurring Referenda 1,600, ,600, EEN Adjustment Transfer of Service 20, DPI Exemption Unused Last Year (75%) Declining Enrollment Exemption 294, , , NET REVENUE CAP 14,263, ,216, ,979, ,027, Increase from Previous Year (46,404.00) (2,237,703.00) 48,450.00

6 Not in Booklet General State Aid vs. Local Tax Levy Revenue Limit Components $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $ Estimate Local Tax Levy General State Aid Total Revenue

7 MILL RATE SURVEY CESA #11 DISTRICTS SUMMARY District $100,000 $100,000 Mill Rate Variance District Mill Rate Variance 1 Elmwood $863 CESA 11 Average $207 2 Pepin Area $ Cameron 9.61 $122 3 Prairie Farm $ Elk Mound 9.40 $101 4 Boyceville $ Luck 9.24 $85 5 Somerset $ Rice Lake 9.02 $63 6 Barron Area $ Colfax 8.99 $60 7 New Richmond $ Hudson 8.62 $23 8 Saint Croix Central $ Glenwood City 8.44 $5 9 Shell Lake $ Spooner 8.39 $0 10 Plum City $ Birchwood $ Webster $275 District Mill Rate History Mill Rate * Percentage Increase/Decrease 6.11% -5.96% -0.46%* *The above mill rate and % decrease is based 4.5% decline in property value.

8 & CESA 11 PER PUPIL REVENUE School Revenue District Per Pupil Difference 1 Pepin Area $ 13,890 $5,956,225 2 Elmwood $ 13,139 $4,956,644 3 Birchwood $ 11,135 $2,289,320 4 Shell Lake $ 10,499 $1,442,804 5 Plum City $ 10,346 $1,239,161 6 Unity $ 10,246 $1,106, Spooner $ 9,415 $ - 35 Ellsworth $ 9,401 $ (18,634) 36 Frederic $ 9,397 $ (23,958) 37 Grantsburg $ 9,391 $ (31,944) 38 Osceola $ 9,378 $ (49,247) 39 Hudson $ 8,805 $ (811,910) CESA 11 Average $ 9,986 $ 760,513 State Average $ 10,316 $1,199,231 School Revenue District Per Pupil Difference 1 Pepin Area $ 13,126 $5,458,698 2 Elmwood $ 12,416 $4,519,368 3 Birchwood $ 10,523 $2,014,929 4 Shell Lake $ 9,922 $1,219,806 5 Plum City $ 9,777 $1,027,971 6 Unity $ 9,683 $ 903, Spooner $ 9,000 $ - 35 Ellsworth $ 9,000 $ - 36 Frederic $ 9,000 $ - 37 Grantsburg $ 9,000 $ - 38 Osceola $ 9,000 $ - 39 Hudson $ 9,000 $ - CESA 11 Average $ 9,474 $ 627,034 State Average $ 9,809 $1,070,307

9 8 2012/13 Budgeted Revenues* State Categorical, 7% Federal, 8% Inter-District, 1% Inter-Fund, 7% State General, 6% Misc, 0% Other Local, 2% Tax Levy, 68% *Includes Data From Funds 10 (General), 21 (Trust Fund), 27 (Special Education), 38,39 (Debt Service), 50 (Food Service), 80 (Community Service)

10 8 2012/13 Budgeted Expenditures* Debt Retirement, 12% Capital Objects, 1% Inter-Fund, 7% Misc., 1% Salary, 38% Consumables, 5% Contracted Services, 16% Benefits, 21% *Includes Data From Funds 10 (General), 21 (Trust Fund), 27 (Special Education), 38,39 (Debt Service), 50 (Food Service), 80 (Community Service)

11 3 NOTICE OF BUDGET HEARING Section 65.90(4) Spooner Area School District Notice is hereby given to the qualified electors of the Spooner Area School District that the Budget Hearing will be held in the High School Auditorium, City of Spooner, Washburn County, on the 24th day of September 2012 at 7:00 p.m. The Summary of the Budget is printed below. Dated this 13th day of September Christina C. Martin, District Clerk Proposed Audited Audited Budget FUND 10-GENERAL FUND Beginning Fund Balance $6,056, $6,334, $6,428, Ending Fund Balance $6,334, $6,428, $5,953, REVENUES & OTHER FINANCING SOURCES Local Sources (Source 200) $12,659, $10,546, $10,857, Inter-district Payments (Source ) $66, $86, $108, Intermediate Sources (Source 500) $10, $9, $9, State Sources (Source 600) $2,097, $2,039, $1,993, Federal Sources (Source 700) $569, $556, $885, All Other Sources (Sources ) $19, $23, $20, TOTAL REVENUES & OTHER FINANCING $15,422, $13,261, $13,875, EXPENDITURES Instruction (Function ) $7,559, $6,451, $6,836, Support Services (Function ) $5,504, $4,980, $5,399, Non-Program Transactions (Function ) $2,079, $1,735, $2,113, TOTAL FUND 10 EXPENDITURES $15,143, $13,167, $14,350,294.00

12 3 Proposed Audited Audited Budget FUND 21 - GIFTS Beginning Fund Balance $10, $8, $29, Ending Fund Balance $8, $29, $10, REVENUES $3, $21, $25, EXPENDITURES $5, $37.59 $43, FUND 27 - SPECIAL EDUCATION Beginning Fund Balance $0.00 $0.00 $0.00 Ending Fund Balance $0.00 $0.00 $0.00 REVENUES $2,478, $2,162, $2,226, EXPENDITURES $2,478, $2,162, $2,226, Instruction (Function ) $1,818, $1,483, $1,524, Support Service (Function ) $518, $567, $589, Non-Program Transactions (Function ) $141, $110, $113, FUND 38 - NON-REFERENDUM DEBT SERVICE Beginning Fund Balance $131, $135, $176, Ending Fund Balance $135, $176, $130, REVENUES $149, $1,185, $94, EXPENDITURES $144, $1,144, $140, FUND 39 - REFERENDUM APPROVED DEBT SERVICE Beginning Fund Balance $1,173, $1,299, $2,202, Ending Fund Balance $1,299, $2,202, $2,045, REVENUES $2,011, $2,896, $2,013, EXPENDITURES $1,885, $1,993, $2,170,594.00

13 3-4 Proposed Audited Audited Budget FUND 49 - CAPITAL PROJECTS Beginning Fund Balance $574, $51, $32, Ending Fund Balance $51, $32, $2, REVENUES $ $10.07 $0.00 EXPENDITURES $523, $19, $30, FUND 50 - FOOD SERVICE Beginning Fund Balance $65, $105, $117, Ending Fund Balance $105, $117, $101, REVENUES $647, $617, $626, EXPENDITURES $607, $604, $643, FUND 60 - AGENCY Assets $75, $72, $72, Liabilities $75, $72, $72, REVENUES $218, $232, $225, EXPENDITURES $234, $220, $225, FUND 72 - PRIVATE BENEFIT TRUST FUND Beginning Fund Balance $85, $89, $99, Ending Fund Balance $89, $99, $99, REVENUES $25, $37, $25, EXPENDITURES $21, $27, $25, FUND 73 - EMPLOYEE BENEFIT TRUST FUND Beginning Fund Balance $46, $115, $162, Ending Fund Balance $115, $162, $213, REVENUES $765, $975, $1,061, EXPENDITURES $696, $928, $1,009,888.00

14 4 Proposed Audited Audited Budget FUND 80 - COMMUNITY SERVICE FUND Beginning Fund Balance $156, $90, $200, Ending Fund Balance $90, $200, $139, REVENUES $348, $361, $254, EXPENDITURES $414, $251, $315, ALL FUNDS - TOTAL EXPENDITURES $22,155, $20,519, $21,180, Less: Inter-fund Transfers $0.00 $0.00 $0.00 Less: Special Education Transfers $1,485, $1,110, $1,416, Less: Refinancing Expenditures (Fund 30) $0.00 $0.00 $0.00 Net Total Expenditures $20,669, $19,409, $19,764, Percentage Increase/Decrease from previous year % % % ACTUAL ACTUAL PROPOSED TAX LEVY - ALL FUNDS Fund 10 - General Fund $12,581, $10,438, $10,804, Fund 38 - Non-Referendum Debt Service Fund $148, $148, $93, Fund 39 - Referendum Approved Debt Service Fund $2,002, $2,883, $2,007, Fund 80 - Community Service Fund $297, $295, $190, TOTAL SCHOOL LEVY $15,030, $13,765, $13,096, Percentage Increase - Total Levy from Prior Year % % % *MILL RATE Percentage Increase/Decrease from Prior Year 6.11% -5.97% -0.46% *The mill rate is based on a 4 1/2% decrease from the property value. The actual Equalized Valuations will be available October 15, 2012 from the Wisconsin Department of Revenue.

15 SPOONER AREA SCHOOL DISTRICT BUDGET Other Information Included in this Report History of Equalized Values Number of Employees in the District Transportation Information Hot Lunch Facts Debt Service Information CESA Cooperative Services Purchased Auditor s Statement