FINAL BUDGET

Transcription

1 FINAL BUDGET BOARD OF EDUCATION Joseph Como... President Barbara Brzenk... Vice-President Kurt O Bryan... Treasurer Patricia Madden... Clerk William Baumgart Greg Deets Patrick McCaffery Karin Rajnicek Amanda Roddy ADMINISTRATION Todd Gray... Superintendent of Schools Darren Clark... CFO/Asst. Supt. for Business Services Joseph Koch... Deputy Superintendent Jody Landish... Asst. Supt. of Teaching & Learning Christine Hedstrom... Asst. Supt. for Human Resources & Labor Relations 10/23/17

2 SCHOOL DISTRICT OF WAUEKSHA FINAL BUDGET TABLE OF CONTENTS BUDGET HIGHLIGHTS AND ASSUMPTIONS...1 BUDGET ADOPTION FORMAT...3 TAX LEVY SUMMARY...4 BUDGET SUMMARY...5 BUDGET BY FUND Fund 10 (General)... 9 Fund 21 (Donations)...12 Fund 27 (Special Education)...13 Fund 38 (Non-Referendum Debt Service)...15 Fund 41 (Facility Maintenance)...16 Fund 44 (Energy Exemption)...17 Fund 46 (Capital Expansion)...18 Fund 47 (Capital Projects)...19 Fund 48 (Property Sales)...20 Fund 49 (Capital Improvement)...21 Fund 50 (Food Service)...22 Fund 72 (Scholarships)...23 Fund 80 (Community Service)...24 STUDENT FEE SCHEDULE REVENUE LIMIT WORKSHEET EQUALIZATION AID WORKSHEET...27 OUTSTANDING LONG-TERM DEBT...28 TAX (MIL) RATE HISTORY...29 TAX LEVY HISTORY...30 EQUALIZED VALUATION HISTORY...31 VALUATION/LEVY BREAKDOWN BY MUNICIPALITY...32

3 School Districct of Waukesha 2017/18 Preliminary Budget Highlights Budget Factor Resident Pupil Enrollment Voucher Program Participation Impact Statement District resident enrollment, as measured by the third Friday of September count date, declined by 214 resident ADM (average daily membership) from 12,705 to 12,491. The combined declining enrollment and hold harmless exemptions in the revenue limit worksheet totals $3,242,572. The purposes of these exemptions is to provide a more gradual reduction in the revenue limit for District s with declining enrollment. The state voucher program exemption increased to $1,124,368, compared to $826,631 last year, for an increase of $297,737. There are 89.6 students in grades K 8 participating and 55 in grades The expense for the program is equal to the exemption. In addition, this year they added an exemption for the Special Needs Scholarship program. Our exemption and matching expense for that program is $85,449, which includes 7 students participating. Open Enrollment (OE) Equalized Property Valuation The 2017/18 school year 3rd Firday count reports student FTEs open enrolling in and 669 ftes open enrolling out for a net positive OE enrollment ratio of ftes. The Wisconsin Department of Revenue final certification of equalized value of all taxable property by county has increased by 4.72%, for a total of $9,588,625,996. Last year's value was $9,156,590,431. General Fund Revenue General Fund Expenditures Total general fund revenues are budgeted to increase by an estimated $2.9 million (2.07%) from the prior year budget. Open enrollment tuition, Equalization Aid and additional Per Pupil Aid account for the majority of the increase. The 2017/18 Budget is balanced and in full compliance with state imposed revenue limits. Total general fund expenditures are budgeted to increase by 1.27% or $1.8 million from the prior year budget. Property Tax Levy The 2017/18 Budget includes a tax levy decrease of 0.80%. The tax (mil) rate per $1,000 of equalized value is $8.21 compared to $8.66 in 2016/17. Page 1

4 School Districct of Waukesha 2017/18 Preliminary Budget Highlights Budget Factor State Equalization Aid Impact Statement WSD will receive $50,779,376 in State Equalization Aid for the 2017/18 fiscal year. This is an increase of $356,955 (.71%) over the 2016/17 fiscal year. State Per Pupil Aid The State Per Pupil Aid increased by $200 per pupil, for a total of $450 per pupil. This increased the 2017/18 aid by $2,487,600. Employee Compensation Under Wisconsin Act 10, school boards were granted much greater authority to manage school operations. It is presumed for budgetary purposes that this legislation will remain in effect for the 2017/18 school year. All Board of Education approved staff pay adjustments for 2017/18 are reflected in the final budget. Wisconsin Retirement System WSDs state mandated contribution rate to the Wisconsin Retirement System is going to decrease by 0.2% on January 1, This decrease has been factored into the 2017/18 Budget. General Fund Balance (GFB) WSDs General Fund Balance level is dictated by Board Policy which calls for maintaining a GFB of 15% to 25% of the prior year's general fund and special education fund expenditures. Current GFB is 21.5%. District Long Term Debt WSD received an OPEB settlement in 2017 and was able to pay off the State Trust Fund Loan early. Total remaining Fund 38 debt is $4.1 million. The debt will be paid in full by WSD has no Fund 39 debt. General Fund Balance Food Service Fund Balance The General fund (fund 10) fund balance is budgeted to decrease by $426,316 in This is the amount of the site carry over from the prior fiscal year. The Food Service (fund 50) fund balance is budgeted to decrease by $985,000 in This additional spending is for renovations to the North High School kitchen. Page 2

5 10/25/2017 School District of Waukesha Final 2017/18 Budget Budget Adoption Format: 07/01/17 06/30/18 Beginning BUDGETED Estimated Ending Fund Description Fund Balance Receipts Expenditures Fund Balance 10 General * $ 37,707,917 $ 144,513,597 $ 144,939,913 $ 37,281, Donations 271,249 30, ,932 91, Special Education * - 28,443,321 28,443, Non-Referendum Debt Serv.** 45,281 1,077,200 1,077,200 45, Facility Maintenance 215,307 2,658,407 2,658, , Capital Improvements 13, , Capital Expansion 1, , Capital Project Fund (512,731) 50,000 - (462,731) 48 Property Sales Fund 670, , Capital Improvement 418, , Food Service 1,882,336 3,894,000 4,879, , Scholarship 30,106 15,000 15,000 30, Employee Trust Fund 1, , Community Service 76, , ,129 5,658 Total $ 40,821,575 $ 180,806,525 $ 182,418,902 $ 39,209,198 * Includes a $18,937,835 inter-fund transfer from fund 10 to fund 27 as required by the Department of Public Instruction (DPI). Page 3 Final Budget Waukesha

6 10/20/2017 School District of Waukesha Final 2017/18 Budget * TAX LEVY SUMMARY Increase / Percent 2015/ / /18 (Decrease) Change General Fund (10) 78,287,430 75,933,955 75,034,756 Prior Year Chargeback 24,667 20,779 13,486 Net General Fund Tax Levy 78,312,097 75,954,734 75,048,242 Debt Service - Fund , , ,594 Capital Expansion - Fund 41 1,291,407 2,408,407 2,658,407 Community Service - Fund , ,000 TOTAL LEVY: $ 80,482,177 $ 79,334,279 $ 78,698,243 $ (636,036) -0.80% 4.72% EAV Increase Equalized Valuation (EAV) 8,853,753,533 9,156,590,431 9,588,625,996 (TID Out) Tax Rate* $ 9.09 $ 8.66 $ 8.21 $ (0.45) -5.16% On September 13, 2017 the Preliminary 2017/18 Budget, which projected a tax levy of $79,304,746 and a tax rate of $8.53, was presented to the citizen's of the School District of Waukesha. The final 2017/18 Tax Levy is $606,500 lower and the tax rate is $0.32 lower than the amounts shared in the Preliminary Budget. The drop in tax levy and rate are primarily due to a drop in revenue limit authority, larger than anticipated growth in equalized assessed property valuation (EAV), and a higher than anticipated level of Equalization Aid. Page 4 Final Budget Waukesha

7 Date:10/23/2017 GENERAL FUND (FUND 10) School District of Waukesha Final Budget BUDGET Adoption Audited Audited Budget Beginning Fund Balance (Account ) 35,675, ,129, ,707,917 Ending Fund Balance, Nonspendable (Acct ) 615, , ,187 Ending Fund Balance, Restricted (Acct ) 5,772, ,865, ,865,170 Ending Fund Balance, Committed (Acct ) 2,234, ,234, ,234,132 Ending Fund Balance, Assigned (Acct ) Ending Fund Balance, Unassigned (Acct ) 26,507, ,954, ,954,735 TOTAL ENDING FUND BALANCE (ACCT ) 35,129, ,707, ,281,601 REVENUES & OTHER FINANCING SOURCES 100 Transfers-in Local Sources 210 Taxes 78,320, ,963, ,089, Payments for Services 45, , , Non-Capital Sales 6, , , School Activity Income 104, , , Interest on Investments 85, , , Other Revenue, Local Sources 1,840, ,812, ,770,900 Subtotal Local Sources 80,402, ,141, ,324,004 Other School Districts Within Wisconsin 310 Transit of Aids Payments for Services 4,940, ,729, ,959, Medical Service Reimbursements Other Inter-district, Within Wisconsin Subtotal Other School Districts within Wisconsin 4,940, ,729, ,959,965 Other School Districts Outside Wisconsin 440 Payments for Services Other Inter-district, Outside Wisconsin Subtotal Other School Districts Outside Wisconsin Intermediate Sources 510 Transit of Aids 66, , , Payments for Services from CCDEB Payments for Services from CESA Medical Services Reimbursement Other Intermediate Sources Subtotal Intermediate Sources 66, , ,000 State Sources 610 State Aid -- Categorical 2,940, , , State Aid -- General 50,557, ,422, ,779, DPI Special Project Grants 128, , , Payments for Services 438, , , Student Achievement Guarantee in Education (SAGE Grant) 340, , , Other State Revenue Through Local Units 10, , , Other Revenue 500, ,670, ,164,498 Subtotal State Sources 54,917, ,753, ,485,720 Federal Sources 710 Federal Aid - Categorical Impact Aid DPI Special Project Grants 686, , , IASA Grants 1,552, ,658, ,686, JTPA Other Federal Revenue Through Local Units Page 5

8 780 Other Federal Revenue Through State 768, , , Other Federal Revenue - Direct Subtotal Federal Sources 3,008, ,458, ,561,908 Other Financing Sources 850 Reorganization Settlement Compensation, Fixed Assets 107, Long-Term Obligations Subtotal Other Financing Sources 107, Other Revenues 960 Adjustments Refund of Disbursement , , Medical Service Reimbursement Miscellaneous 63, ,637, ,000 Subtotal Other Revenues 63, ,763, ,000 TOTAL REVENUES & OTHER FINANCING SOURCES 143,506, ,939, ,513,597 EXPENDITURES & OTHER FINANCING USES Instruction Undifferentiated Curriculum 20,175, ,586, ,429, Regular Curriculum 35,158, ,094, ,255, Vocational Curriculum 3,707, ,857, ,173, Physical Curriculum 3,256, ,414, ,424, Co-Curricular Activities 2,012, ,869, ,033, Other Special Needs 232, , ,806 Subtotal Instruction 64,543, ,998, ,494,665 Support Sources Pupil Services 4,564, ,458, ,506, Instructional Staff Services 7,217, ,031, ,774, General Administration 1,516, ,786, ,745, School Building Administration 8,704, ,866, ,383, Business Administration 20,782, ,773, ,877, Central Services 5,084, ,991, ,030, Insurance & Judgments 901, , , Debt Services 2,713, ,005, , Other Support Services 3,476, ,640, ,405,683 Subtotal Support Sources 54,960, ,496, ,696,101 Non-Program Transactions Inter-fund Transfers 18,452, ,839, ,148, Instructional Service Payments 6,059, ,959, ,500, Other Non-Program Transactions 36, , ,000 Subtotal Non-Program Transactions 24,549, ,866, ,749,147 TOTAL EXPENDITURES & OTHER FINANCING USES 144,053, ,361, ,939,913 SPECIAL PROJECT FUNDS (FUNDS 21, 23, 29) Beginning Fund Balance 47, , , Ending Fund Balance 70, , ,317 REVENUES & OTHER FINANCING SOURCES 107, , , Instruction 60, , , Support Services 24, , Non-Program Transactions TOTAL EXPENDTURES & OTHER FINANCING USES 85, , ,932 SPECIAL EDUCATION FUND (FUND 27) Audited Audited Budget Beginning Fund Balance Ending Fund Balance REVENUES & OTHER FINANCING SOURCES 100 Transfers-in 17,262, ,618, ,937,835 Local Sources 240 Payments for Services Page 6

9 260 Non-Capital Sales School Activity Income Other Revenue, Local Sources Subtotal Local Sources Other School Districts Within Wisconsin 310 Transit of Aids 8, Payments for Services 268, , , Medical Service Reimbursements Other Inter-district, Within Wisconsin Subtotal Other School Districts within Wisconsin 276, , ,000 Other School Districts Outside Wisconsin 440 Payments for Services Other Inter-district, Outside Wisconsin Subtotal Other School Districts Outside Wisconsin Medical Services Reimbursement Other Intermediate Sources Subtotal Intermediate Sources State Sources 610 State Aid -- Categorical 6,119, ,128, ,196, State Aid -- General 34, , , DPI Special Project Grants Payments for Services Achievement Gap Reduction (AGR grant) Other Revenue Subtotal State Sources 6,153, ,142, ,211,794 Federal Sources 710 Federal Aid - Categorical 23, , , DPI Special Project Grants 2,523, ,861, ,734, IASA Grants JTPA Other Federal Revenue Through Local Units Other Federal Revenue Through State 476, , , Other Federal Revenue - Direct Subtotal Federal Sources 3,023, ,332, ,203,692 Other Financing Sources Compensation, Fixed Assets Long-Term Obligations Subtotal Other Financing Sources Other Revenues 960 Adjustments Refund of Disbursement Miscellaneous Subtotal Other Revenues TOTAL REVENUES & OTHER FINANCING SOURCES 26,716, ,130, ,443,321 EXPENDITURES & OTHER FINANCING USES Instruction Undifferentiated Curriculum Regular Curriculum Vocational Curriculum Physical Curriculum Special Education Curriculum 19,098, ,210, ,882, Co-Curricular Activities Other Special Needs 51, , ,523 Subtotal Instruction 19,149, ,262, ,936,192 Support Sources Pupil Services 2,492, ,692, ,044, Instructional Staff Services 1,024, , , General Administration Page 7

10 School Building Administration Business Administration 1,839, ,852, ,967, Central Services 59, , Insurance & Judgments , Debt Services Other Support Services Subtotal Support Sources 5,415, ,554, ,945,082 Non-Program Transactions Inter-fund Transfers Instructional Service Payments 2,103, ,313, ,562, Other Non-Program Transactions 48, Subtotal Non-Program Transactions 2,151, ,313, ,562,047 TOTAL EXPENDTURES & OTHER FINANCING USES 26,716, ,130, ,443,321 DEBT SERVICE FUND (FUNDS 38, 39) Beginning Fund Balance 63, , , ENDING FUND BALANCES 51, , ,281 TOTAL REVENUES & OTHER FINANCING SOURCES 2,068, ,095, ,077, Long-Term Capital Debt 2,080, ,101, ,077, Refinancing Operational Debt Post Employment Benefit Debt Other Long-Term General Obligation Debt Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 2,080, ,101, ,077, INDEBTEDNESS, END OF YEAR CAPITAL PROJECTS FUND (FUNDS 41, 46, 48, 49) Beginning Fund Balance 7,230, , , Ending Fund Balance 474, , ,761 TOTAL REVENUES & OTHER FINANCING SOURCES 1,626, ,592, ,708, Instructional Services Support Services 8,382, ,259, ,658, Community Services Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 8,382, ,259, ,658,407 FOOD SERVICE FUND (FUND 50) Beginning Fund Balance 1,877, ,187, ,882, ENDING FUND BALANCE 2,187, ,882, ,336 TOTAL REVENUES & OTHER FINANCING SOURCES 3,935, ,906, ,894, Support Services 3,625, ,212, ,879, Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 3,625, ,212, ,879,000 COMMUNITY SERVICE FUND (FUND 80) Beginning Fund Balance 160, , , ENDING FUND BALANCE 97, , ,658 TOTAL REVENUES & OTHER FINANCING SOURCES , , Support Services Community Services 62, , , Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 62, , ,129 Page 8

11 10/25/2017 School District of Waukesha Final 2017/18 Budget GENERAL FUND (10) Audited Budget Audited Budget Increase Increase Revenue: 127 Indirect Cost Transfer Local Property Tax 78,287,430 75,933,955 75,933,955 75,034, Prior Year Chargeback 24,657 20,779 20,779 13, Mobile Home Tax 8,412 8,400 8,498 8, TIF Refund , Instructional Service - - 6,748 6, Parent Paid Bus Fees 45,415 44,000 42,252 42, Sale Non Capital Items 6,769 7,375 8, Admissions 104, , , , Interest 85,157 70, , , Gifts & Donations Student Fees 773, , , , Rental of Facilities 356, , , , Textbook Fees 709, , , , Summer School Fees 1,258-2,712 - Total Local Sources 80,402,972 77,924,134 78,141,794 77,324,004 (600,130) -0.77% 341 Tuition - Non Open Enroll 91,636 44, , , Tuition - Open Enrollment 4,840,878 4,464,380 5,596,821 5,839, Other Payments for Services 8,169-13,921 - Total Interdistrict Sources 4,940,683 4,508,380 5,729,974 5,959,965 1,451, % 515 State aid transited thru CESA 3, Federal Aids Through CESA 63,639 66,667 92,917 67,000 Total Intermediate Sources 66,639 66,667 92,917 67, % 612 Transportation Aid 164, , , , Common School Aid 544, , , , Bilinual/Bicultural Aid 290, , , , Equalization Aid 50,557,313 50,422,421 50,422,421 50,779, Special Projects Grants 128, , , , State Tuition - Regular 438, , , , SAGE Grant 340, , , , DNR Payments 10,986 11,000 10,345 10, Computer Aid 500, , , , Per Pupil Aid (DPI changed object) 1,942,200 3,205,500 3,206,250 5,693,850 Inceased $200 to $450 per student Total State Aid 54,917,410 55,883,732 55,753,155 58,485,720 2,601, % 730 Special Projects Grants 686, , , , Title I 1,552,997 1,722,803 1,658,847 1,686, Federal Revenue thru State 768, , , ,000 Total Federal Aid 3,008,313 3,140,709 2,458,699 2,561,908 (578,801) % 861 Equipment Sales 107, Capital Leases Other Financing Sources 107, % 971 Refund on Prior Year Expenses ,071 45, Miscellaneous 63,124 62,000 5,637,093 70,000 Received OPEB Settlement in Total Other Revenue 63,124 62,000 5,763, ,000 53, % TOTAL REVENUE 143,506, ,585, ,939, ,513,597 2,927, % Page 9 Final Budget Waukesha

12 10/25/2017 Audited Budget Audited Budget Increase Increase Fund 10 Expense: 141 Temporary Part-Time 318, , , , Board Salaries 57,599 57,600 57,600 57, Administrator Salaries 5,472,063 5,530,508 5,305,835 5,557, Supervision Salaries 8,973-2, Summer School 496, , , , Other Professional Salaries 406, , , , Clerical Salaries 2,879,708 2,903,534 2,855,200 2,995, Chair Salaries 2,361,314 2,364,919 2,841,688 2,565, Teacher Hourly 371, , , , Non-Unit / Manager Salaries 1,937,264 2,134,144 2,294,134 2,176, Teacher Salaries 44,328,898 45,375,873 44,558,669 46,394, Aide Salaries 2,278,187 2,247,943 2,396,428 2,299, Substitute Salaries 1,082,701 1,068, ,905 1,059, Aide Substitute Salaries Aides - Overtime 1,444 3,500-3, Custodial Salaries 4,376,856 4,454,642 4,362,344 4,427, Maintenance Salaries 1,087,374 1,088,673 1,121,904 1,110, Supv - Noon, Bus, Transportation 96,454 94,000 87,093 95, Appendix C Salaries 1,332,697 1,365,000 1,367,598 1,365,000 Total Salaries 68,893,817 70,586,760 69,830,478 71,906,688 1,319, % 212 Retirement - ER 4,441,921 4,696,266 4,475,155 4,803, Social Security 4,896,891 5,085,361 4,871,377 5,329, Life Insurance 150, , , , Health Insurance 11,153,748 9,791,240 10,835,894 11,047, Dental Insurance 1,072,497 1,044,472 1,067,250 1,107, HSA District Contribution 535,958 1,800,347 1,905,397 1,832, Long Term Disability 139, , , , Other Employee Benefits 3,843-5, Credit Reimbursement 60,890 35,000 1,530 35, TSA Option 23,100 23,100 24,700 23, Early Retirement 3,438,411 2,699,780 2,609,515 2,399,780 Total Fringe Benefits 25,916,597 25,493,819 26,094,192 26,898,818 1,404, % 310 Purchased Services 2,082,000 2,007,789 2,063,648 1,961, Property Services 238, , , , Operational Services 197, ,000 1,046, ,000 4K Maintenance Service 2,074,433 75, ,389 55, Other Property Services 1,323,345 25,000 19,318 20, Gas for Heat 383, , , , Electricity 1,789,083 1,847,019 1,841,718 1,846, Water 102, , , , Sewer 112, , , , Pupil Transportation 3,856,211 3,944,919 3,759,508 3,843, Employee Travel 323, , , , Vehicle Fuel 173, , , , Communication Advertising 567, , , , Postage 65,065 76,315 56,400 69, Printing 199, , , , Telephone 110, , , , On-Line Communications 8,430 3,100 8,023 1, Employee Recognition 19,849 20,500 20,098 19, Information Technology Systems 1,158, ,000 1,184, , Payment to Municipality 91, ,000 92,033 95, Tuition 5,496,941 5,534,916 6,149,928 6,424, Pay to Inter Units 29,579 30,425 30,182 30, Payment to CESA 20,520 20,100 37,386 35, Tuition Payment to State 554, , ,934 1,220, Payment to VTAE District 99,971-4,002 - Total Purchased Services 21,077,297 17,917,343 19,514,444 18,711, , % 411 General Supplies 1,354,919 1,764,133 1,315,532 2,024,149 Page 10 Final Budget Waukesha

13 10/25/2017 Audited Budget Audited Budget Increase Increase 412 Workbooks 282 1, Computer Supplies 53,017 55,526 47,561 51, Food 27,683 38,083 27,598 55, Medical Supplies 3,156 8,000 8,012 8, Paper 85,308 98,684 83,117 95, Apparel 15,838 16,700 14,249 12, Media 75,784 50,867 50, Library Books 324, , , , Newspaper 1,533 2,306 2, Periodicals 3,048 1,215 1, Computer Software 468, , , , Other Media 39,814 43,811 41, Non-Capital Objects 550, , , , Furnishings 184, , ,819 75, Materials for Resale 13,748 (823) 10,191 48, Equipment Components (26) 5,000 (25) 5, Textbooks 437, , , , Other Instructional Textbooks (435) 3,000 1,704 3, Non-Instructional Software - - 3, Other Non-Capital Ojects 2,144 68,123 66,200 50,750 Total Non-Capital Items 3,641,401 4,046,103 3,753,684 3,752,506 (293,597) -7.26% 551 Equipment Addition 1,700,826 1,974,566 1,685,184 2,865, Equipment Replacement 76,786 82,820 79,573 42, Vehicle - Purchae Replacement 245,787 34,000 62, , Euipment - Replacement Fixed Asset (5,046) Equipment Rental 164, , , , Vehicle Rental 19,773 22,778 1,713 10,296 Total Capital Objects 2,202,655 2,289,114 1,970,501 3,172, , % 678 Capital Lease Principal 2,675, , ,093 - Apple Lease paid off in Short Term Interest 1,828 10, , Capital Lease Interest 35,745 9,437 9,437 - Total Debt Retirement 2,713,055 1,014,531 1,005,210 2,000 (1,012,531) % 711 Liability 119, , , , Property 212, , , , Workers Compensation 507, , , , Unemployment 30,138 40,000 39,630 40, Other Insurance 97 25,000-25,000 Total District Insurance 869, , , ,000 7, % 827 Transfer - Fund 27 17,262,692 18,129,027 17,618,440 18,937, Transfer - Fund 38 1,189,137 2,355,562 4,220, ,606 OPEB Debt paid off in Transfer - Fund 46 1, Total Inter-fund Transfers 18,452,829 20,484,589 21,839,080 19,148,441 (1,336,148) -6.52% 941 Dues 232, , , , Other Dues/Fees 15,224-37,776 30, Cash Adjustments Non-Aidable Refund 36, ,000 67, , Miscellaneous (26) Miscellaneous 1,215-48,034 10,000 Total Other Objects 285, , , ,595 47, % TOTAL EXPENSE 144,053, ,125, ,361, ,939,913 1,814, % For additional information on the following School Finance topics go to the DPI addresses below: Revenue Limit Equalization Aid Formula Page 11 Final Budget Waukesha

14 School District of Waukesha Final 2017/18 Budget * DONATIONS FUND (21) Revenue: Audited Budget Audited Budget Increase Increase 291 Gifts & Donations 107, , ,254 30,000 Total Revenue: 107, , ,254 30,000 (194,936) % Expense: Audited Budget Audited Budget Increase Increase 110 Salaries 1, Retirement - ER Social Security HSA District Contribution Purchased Services 17,388 4, Pupil Travel 12,865 10,750 67,926 70, Employee Travel 580 1,420 5, Supplies 13, ,211 58,942 77, General Supplies Food Apparel Media 2, Non-Capital Objects 9,941 53, , Objects for Resale - - 1, Equipment Addition 4,011 6, Dues & Fees 20,778 10,725 50,000 Total Expense: 85, , , ,932 (56,884) % In 2016/17 the Elementary School Activiy Accounts were moved to fund 21. This intitial move caused a one time revenue spike. * To assist the District in tracking donations (i.e.. Education Foundation / PTG) the Department of Public Instruction has created Fund 21. The revenue in this fund, and the related expenditures, are generated solely from outside organizations / sources. For additional information on the Donations Fund (21) go to the DPI address below: Page 12

15 School District of Waukesha Final 2017/18 Budget SPECIAL EDUCATION FUND (27) 10/25/2017 Revenue: Audited Budget Audited Budget Increase Increase 110 Transfer - Fund 10 17,262,692 18,129,027 17,618,440 18,937, Transit of State Aid 5,188 5, Transit of Federal Aid 3, Tuition - Non Open Enroll. 26, ,000-90, Tuition - Open Enroll. 241,973 35,000 37, Handicap Aid 6,119,033 6,100,000 6,128,644 6,196, State Aid 34,758 30,000 13,438 15, Federal Aid 23,639 24,000 3,862 4, Special Project Grants 2,523,152 2,762,178 2,861,486 2,734, Medicaid Reimbursement 476, , , ,000 Total Revenue: 26,716,736 27,733,005 27,130,283 28,443, , % Expense: Audited Budget Audited Budget Increase Increase 161 Administrator Salaries 459, , , , Summer School 88,408 76,850 66,233 90, Other Professional Salaries 737 1,000 1,000 1, Clerical Salaries 141, , , , Chair Salaries 41,224 33,487 38,833 36, Teacher Hourly 610, , , , Non-Unit / Manager Salaries 83,273 84,939 85,939 90, Teacher Salaries 12,236,309 12,590,711 12,370,392 13,088, Aide Salaries 3,004,450 3,048,116 3,218,440 3,242, Substitute Salaries 195, , , , Sub Aides 222, , , , Overtime 451-3,968 - Total Salaries 17,084,000 17,446,665 17,180,792 17,978, , % 212 Retirement - ER 1,089,431 1,097,421 1,110,152 1,201, Social Security 1,213,378 1,265,896 1,196,499 1,290, Life Insurance 31,009 34,180 30,527 32, Health Insurance 2,676,436 2,584,453 2,490,501 2,643, Dental Insurance 208, , , , HAS District Contribution 100, , , , Long Term Disability 29,814 33,772 30,692 32, TSA Option 4,800 4,800 4,800 4,800 Total Fringe Benefits 5,353,569 5,738,439 5,527,957 5,886, , % 310 Purchased Services 59,764 87,200 42, Pupil Transportation 1,770,357 1,851,354 1,784,301 1,885, Employee Travel 63,368 50, ,181 3, Vehicle Fuel 69,170 82,000 68,653 82, Advertising Postage 2,332 11,893 4, Printing 283 1,100-1, Education Service 1,158,647 1,549,165 1,730,224 1,792, Tuition 790, , , , Payments To CESA 154, , , ,000 Total Purchased Services 4,068,885 4,312,735 4,340,663 4,533, , % Page 13 Final Budget Waukesha

16 School District of Waukesha Final 2017/18 Budget SPECIAL EDUCATION FUND (27) 10/25/2017 Expenses Continued: Audited Budget Un-Audited Budget Increase Increase 411 Supplies 155, ,945 81,516 24, Paper (2,439) 3,000 (4,780) 3, Non-Capital Equipment 1, Total Non-Capital Items 154, ,945 76,736 27,457 (173,488) % 551 Equip Prurchase Addition 3,954 15,121 1,767 - Total Capital Items 3,954 15,121 1,767 - (15,121) % 730 Unemployment Compensation - 15,000-15,000 Total Insurance - 15,000-15, % 936 Transit Spec Ed Aid to Other 48, Dues & Fees 1,150 1, Miscellaneous 2,425 2,200 2,113 2,200 Total Other Objects 51,753 4,100 2,369 2,200 (1,900) % Total Expense 26,716,736 27,733,005 27,130,283 28,443, , % Page 14 Final Budget Waukesha

17 10/25/2017 School District of Waukesha Final 2017/18 Budget * DEBT SERVICE FUND (38) Revenue: Audited Budget Audited Budget Increase Increase 110 Transfer - Fund 10 1,189,137 2,355,562 4,220, , Property Tax 878, , , , Interest on Investments 198 3,973 Total Revenue: 2,068,008 3,226,700 5,095,751 1,077,200 (2,149,500) % Expense: Audited Budget Audited Budget Increase Increase 673 Long-Term Loans - Principal 960, , , , State Trust Fund Loan - Principal 800,860 1,991,789 3,871, Interest - Long-Term Loans 120, , ,700 82, State Trust Fund Loan - Interest 199, , ,838 - Total Expense: 2,080,900 3,226,700 5,101,528 1,077,200 (2,149,500) % * Total Fund 38 Debt as of 6/30/17 is $4,110,000. This debt will be paid off by 6/30/21. The District has no Fund 39 Debt. Page 15 Final Budget Waukesha

18 10/25/2017 School District of Waukesha Final 2017/18 Budget FACILITY MAINTENANCE FUND (41) Revenue: Audited Budget Audited Budget Increase Increase 211 Property Tax 1,291,407 2,408,407 2,408,407 2,658, Interest 1,740-4,205 - Total Revenue: 1,293,147 2,408,407 2,412,612 2,658, , % Expense: Audited Budget Audited Budget Increase Increase 320 Property Services 1,231,048 1,691,407 1,365, , Maintenance Service - 347, , , Other Property Services - 370, , , Non-Capital Objects - - 3, , Purchase - Replacement 34, , , Capital Improvement Project 27, Total Expense: 1,293,147 2,408,407 2,213,907 2,658, , % For additional information on the Facility Maintenance Fund (41) go to the DPI address below: Page 16 Final Budget Waukesha

19 School District of Waukesha Final 2017/18 Budget * ENERGY EXEMPTION FUND (44) Revenue: Audited Budget Audited Budget Increase Increase 280 Interest 6,363 - (42) Refund of Prior Year Expense 85, Total Revenue: 91,879 - (42) % Expense: Audited Budget Audited Budget Increase Increase 324 Maintenance Service 7,072,198 47,325 33,459 - Total Expense: 7,072,198 47,325 33,459 - (47,325) % * Fund 44 is being used to account for the energy efficency projects for which the District issued a performance contract and $8 million in debt. The energy performance contract was completed in July Completion of the project transitions to the beginning of the Performance Assurance Services Program. The PASP will include quarterly site visits with a focus on operational verification of the facility improvement measures. Page 17

20 School District of Waukesha Final 2017/18 Budget * CAPITAL EXPANSION FUND (46) Revenue: Audited Budget Audited Budget Increase Increase 110 Transfer - Fund 10 1, Interest Total Revenue: 1, % Expense: Audited Budget Audited Budget Increase Increase 310 Purchased Services Building Services Non-Capital Objects Total Expense: % * Per DPI rules fund balance in Fund 46 may only be expended to address approved maintenance needs and may not be expended until May For additional information on the Capital Expansion Fund (46) go to the DPI address below: sfs.dpi.wi.gov/.../ 2Long%20Term%20Capital%20Improvement%20Trust%20Fund% Page 18 Final Budget Waukesha

21 School District of Waukesha Final 2017/18 Budget * CAPITAL PROJECT FUND (47) Revenue: Audited Budget Audited Budget Increase Increase 240 Payment for Services 14, Gifts 14,853 53,100 87,034 50, Rentals 17,925 Total Revenue: 46,778 53,100 87,034 50,000 (3,100) -5.84% Expense: Audited Budget Audited Budget Increase Increase 327 Construction Service 5,046-6,000 - Total Expense: 5,046-6, % * Fund 47 is used to account for the synthetic turf installation at the three high school athletic fields. Page 19

22 School District of Waukesha Final 2017/18 Budget PROPERTY SALES FUND (48) Revenue: Audited Budget Audited Budget Increase Increase 280 Interest on Investments Total Revenue: % Expense: Audited Budget Audited Budget Increase Increase 310 Personal Services 5, Total Expense: 5, % Page 20

23 School District of Waukesha Final 2017/18 Budget CAPITAL IMPROVEMENT FUND (49) Revenue: Audited Budget Audited Budget Increase Increase 291 Gifts 40,500-20, Comp for Loss Fixed Assets , Land/ Real Property Sales 153, Total Revenue: 193,672-70, % Expense: Audited Budget Audited Budget Increase Increase 460 Equipment Components 6,440-1,132 - Total Expense: 6,440-1, % Page 21 Final Budget Waukesha

24 10/25/2017 School District of Waukesha Final 2017/18 Budget FOOD SERVICE FUND (50) Revenue: Audited Budget Audited Budget Increase Increase 251 Student Lunch Fees 1,460,755 1,477,000 1,490,247 1,497, Adult Food Service Sales 23,576 25,000 23,074 23, Other Sales 49,904 50,000 1,910 2, Food Serice Aid 54,151 53,900 52,318 54, Commodities 267, , , , Federal Aid 2,006,694 2,016,000 1,968,233 1,988, Special Project Grant 72,552-47,255 70,000 Total Revenue: 3,935,610 3,911,527 3,841,913 3,894,000 (17,527) -0.45% Expense: Audited Budget Audited Budget Increase Increase 170 Aide Salaries 3,789-3,848 3,950 Total Salaries 3,789-3,848 3,950 3, % 212 Retirement - ER Social Security Total Benefits % 310 Purchased Services 2,868,940 2,950,000 3,178,381 3,238, Property Services 46,596 50,000 68,209 70, Printing Information Technology 26,647 30,000 30,986 31, Payment to State (4,907) - (210,310) - Total Purchased Services 2,937,295 3,030,000 3,067,266 3,339, , % 411 General Supplies - - 2,900 3, Commodities 335, , , , Non-Capital Equipment 11,816 50,000 4,426 5,000 Total Non-Capital Items 347, , , ,600 (4,027) -1.19% 561 Equipment Replacement 336,322 1,500, ,187 1,200,000 Total Capital Objects 336,322 1,500, ,187 1,200,000 (300,000) % Total Expense: 3,625,501 4,869,627 4,322,812 4,879,000 9, % Page 22 Final Budget Waukesha

25 10/25/2017 School District of Waukesha Final 2017/18 Budget SCHOLARSHIPS FUND (72) Revenue: Audited Budget Audited Budget Increase Increase 291 Gifts & Donations 32,065 10,000 16,210 15,000 Total Revenue: 32,065 10,000 16,210 15,000 5, % Expense: Audited Budget Audited Budget Increase Increase 991 Scholarships 41,675 10,000 (1,950) 15,000 Total Expense: 41,675 10,000 (1,950) 15,000 5, % Page 23 Final Budget Waukesha

26 10/25/2017 School District of Waukesha Final 2017/18 Budget * COMMUNITY SERVICE FUND (80) Revenue: Audited Budget Audited Budget Increase Increase 211 Local Property Tax - 100, , ,000 Total Revenue: - 100, , ,000 25, % Expense: Audited Budget Audited Budget Increase Increase 100 Salaries 25,861 26,077 28,396 26, Retirement - ER 1,713 1,747 1,882 1, Social Security 1,863 1,995 2,068 2, Life Insurance Health Insurance 8,585 7,118 7,585 7, Dental Insurance HSA District Contribution - 1,300 1,300 1, Long Term Disability Purchased Services 23, ,000 79, ,000 Total Expense: 62, , , ,129 26, % The District is spending down the Fund 80 existing Fund balance. Page 24 Final Budget Waukesha

27 BOE APPROVED April 2017 SCHOOL DISTRICT OF WAUKESHA 2017/18 Student Fee Schedule STUDENT REGISTRATION FEES Pre-K... $25.00 Elementary (5K-5)... $60.00 Secondary $60.00 Secondary $90.00 Technology Application (no proration permitted)... $25.00 ATHLETIC FEE Per Athlete... $ (No limit to the numbers of sports, No family cap) COURSE FEES For High School (grades 9-12) course fees, please see appropriate Course Selection Guide FOOD SERVICE FEES (Assuming exemption approved by DPI/USDA) Lunch Elementary... $2.10 daily Lunch Secondary $2.35 daily Lunch Adult.... $3.35 daily Milk Ala Carte... $.40 Reduced Lunch... $.40 Breakfast Elementary... $1.15 Breakfast Secondary... $1.75 Breakfast Adult... $2.70 Reduced Breakfast... $.30 MISCELLANEOUS FEES *Student Parking Fee (No Proration Permitted)... $100.00/Semester Daily Parking Pass... $5.00/Day * Pay to Ride Transportation Fee... $130/Semester Round Trip *(Additional student in family to same site)... $65.00 *Students with prior year(s) outstanding student fee balances may not be issued parking passes, allowed to enroll in eachieve courses, issued a pay-to-ride agreement or be allowed to participate in High School graduation ceremonies. Payment: Parents will have an option to pay a student s fee(s) online, at registration, or by the first parent conference. Page 25

28 DEPARTMENT OF PUBLIC INSTRUCTION REVENUE LIMIT WORKSHEET Page 26 DISTRICT: Waukesha Revenue Limit Worksheet DATA AS OF 10/13/2017, 7:30 AM Base Revenue (Funds 10, 38, 41) (from left) 126,027,518 Line 1 Amount may Not Exceed Line 11 - (Line 7B+Line 10) of Final Revenue Limit 2. Base Sept Membership Avg (14+.4ss, 15+.4ss, 16+.4ss/3) (from left) 12, General Aid Certification (16-17 Line 12A, src 621) + 50,422, Base Revenue Per Member (Ln 1 / Ln2) (with cents) 9, Computer Aid Received (16-17 Line 17, Src 691) + 463, Per Member Change (A+B+C) Hi Pov Aid (16-17 Line 12B, Src 628) + 0 A. Allowed Per-Member Change Fnd 10 Levy Cert (16-17 Line 18, Levy 10 Src 211) + 75,933,955 B. Low Rev Incr ((9,100 - (3 + 4A))-4C) Not < Fnd 38 Levy Cert (16-17 Line 14B, Levy 38 Src 211) + 871,138 C. Low Rev Dist in CCDEB (Enter DPI Adjustment) Fnd 41 Levy Cert (16-17 Line 14C, Levy 41 Src 211) + 2,408, Maximum Revenue / Member (Ln 3 + Ln 4) 9, Aid Penalty for Over Levy (16-17 FINAL Rev Limit Wksht) Current Membership Avg (15+.4ss, 16+.4ss, 17+.4ss/3) (from left) 12, Total Levy for All Levied Non-Recurring Exemptions* - 4,072, Rev Limit, No Exemptions (Ln7A + Ln 7B) (rounded) 126,027,518 *NET Base Revenue Built from Data (Line 1) = 126,027,518 A. Max Rev/Memb x Cur Memb Avg (Ln 5 x Ln 6) 124,406,226 *For Non-Recurring Exemptions Levy Amount, enter actual amount for which district levied; (7B Hold Harmless, Non-Recurring Referenda, Declining Enrollment, Energy Efficiency Exemption, Refunded/Rescinded Taxes, Prior Year Open Enrollment Pupils, Reduction for Ineligible Fund 80 Expends, Environmental Remediation, Private School Voucher Aid Deduction.) B. Hold Harmless Non-Recurring Exemption 1,621, Total Recurring Exemptions (A+B+C+D+E) (rounded) 30,987 A. Prior Year Carryover 0 B. Transfer of Service 30,987 C. Transfer of Territory/Other Reorg (if negative, include sign) 0 D. Federal Impact Aid Loss ( to ) 0 E. Recurring Referenda to Exceed (If is first year) 0 September & Summer FTE Membership Averages Count Ch. 220 Inter-District Resident Transfer 75% Limit with Recurring Exemptions (Ln 7 + Ln 8) 126,058,505 Line 2: Base Avg:(14+.4ss)+(15+.4ss)+(16+.4ss) / 3 = 12, Total Non-Recurring Exemptions (A+B+C+D+E+F+G+H+I) 3,751, A. Non-Recurring Referenda to Exceed Limit 0 Summer fte: B. Declining Enrollment Exemption for (from left) 1,621,280 % (40,40,40) C. Energy Efficiency Net Exemption for (see pg 4 for details) 866,594 Sept fte: 12,903 12,706 12,610 D. Adjustment for Refunded or Rescinded Taxes, ,585 Special Needs E. Prior Year Open Enrollment (uncounted pupil[s]) 0 Vouchers F. Reduction for Ineligible Fund 80 Expenditures (enter as negative) 0 Total fte 12,988 12,786 12,705 G. Environmental Remediation Exemption 0 H. Private School Voucher Aid Deduction 1,124,368 I. Private School Special Needs Voucher Aid Deduction 85,449 Line 6: Curr Avg:(15+.4ss)+(16+.4ss)+(17+.4ss) / 3 = 12, Revenue Limit With All Exemptions (Ln 9 + Ln 10) 129,809, Total Aid to be Used in Computation (12A + 12B) 50,779,376 Summer fte: "Current Average" for use in A October 15 General Aid Certification Cell is locked. 50,779,376 % (40,40,40) Per-Pupil Aid calc (does not include B. State Aid to High Poverty Districts (not all districts) 0 Sept fte: 12,706 12,610 12,368 Special Needs Voucher children). REMEMBER TO USE THE OCTOBER 15 AID CERTIFICATION WHEN SETTING THE DISTRICT LEVY. Special Needs Average without SNSP: 13. Allowable Limited Revenue: (Line 11 - Line 12) 79,030,405 Vouchers ,659 (10, 38, 41 Levies + Src 691. Src 691 is DOR Computer Aid.) Total fte 12,786 12,705 12, Total Limited Revenue To Be Used (A+B+C) Not >line 13 79,030,405 Entries Required Below: Enter amnts needed by purpose and fund: Line 10B: Declining Enrollment Exemption = 1,621,280 A. Gen Operations: Fund 10 including Src 211 & Src ,505,404 (Proposed Fund 10) Average FTE Loss (Line 2 - Line 6, if > 0) 165 B. Non-Referendum Debt (inside limit) Fund 38 Src ,594 (to Budget Rpt) X 1.00 = 165 C. Capital Exp, Annual Meeting Approved: Fund 41 Src 211 2,658,407 (to Budget Rpt) X (Line 5, Maximum Revenue per Memb) = 9, Total Revenue from Other Levies (A+B+C+D) 138,486 Non-Recurring Exemption Amount: 1,621,280 A. Referendum Apprvd Debt (Fund 39 Debt-Src 211) 0 B. Community Services (Fund 80 Src 211) 125,000 (to Budget Rpt) Line 17: State Aid for Exempt Computers = 470,648 C. Prior Year Levy Chargeback for Uncollectible Taxes (Src 212) 13,486 (to Budget Rpt) Round to Dollar D. Other Levy Revenue - Milwaukee & Kenosha Only 0 (to Budget Rpt) Fall 2017 Property Values (actuals have been loaded below) 16. Total Levy + Src 691, "Proposed Levy" (Ln 14 + Ln 15) 79,168, TIF-Out Tax Apportionment Equalized Valuation 9,588,625, Src 691 (Comp Aid) Based on 2017 Wisconsin Act ,648 Within the state budget (2017 Wisconsin Act 59), sec , Wis. Stats was amended. Computer Aid is no longer based on the district's current year levy rate and exempt computer property value. Instead, the Exempt Computer Aid received in is increased by 1.47%. We have computed and pre-populated the amount in Line 17. Per state law, districts are required to use this amount in the Revenue Limit calculation. CELL COLOR KEY: Auto-Calc DPI Data District-Entered Worksheet is available at: Calculation Revised: 10/3/2017, new Computer Aid logic. 18. Fnd 10 Src 211 (Ln 14A-Ln 17), Budget 75,034,756 Line 18 (not 14A) is the Fund 10 Levy certified by the Board. 19. Total Fall, 2017 All Fund Tax Levy (14B + 14C ) 78,698,243 Line 19 is the total levy to be apportioned in the PI-401. Levy Rate = Districts are responsible for the integrity of their revenue limit data & computation. Data appearing here reflects information submitted to DPI and is unaudited.

29 Page 27 WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTION OCTOBER 15 CERTIFICATION OF GENERAL AID USING MEMBERSHIP, PI-1506-AC REPORTS & 2016 EQUALIZED VALUES (CERT MAY 2017) GUARANTEES FOR OCT 15 CERT: K-12 UHS K-8 PRIMARY (G1) 1,930,000 5,790,000 2,895,000 SECONDARY (G6) 1,172,875 3,518,625 1,759,312 Waukesha 6174 TERTIARY (G11) 573,439 1,720, , OCT 15 CERTIFICATION PART A: AUDITED MEMBERSHIP FTE PART E: SHARED COST - CONTINUED E5 = 126,605, A1 3RD FRI SEPT 16 MEMBERSHIP* (include Youth Challenge) 12, E6 PRIMARY COST CEILING PER MEMBER 1,000 A2 2ND FRI JAN 17 MEMBERSHIP* (include Youth Challenge) 12, E7 PRIMARY CEILING (A7 * E6) 12,942, A3 TOTAL (A1 + A2) 25, E8 PRIMARY SHARED COST (LESSER OF E5 OR E7) 12,942, A4 AVERAGE (A3/2) (ROUNDED) 12, E9 SECONDARY COST CEILING PER MEMBER 9,619 A5 SUMMER 16 FTE EQUIVALENT* (ROUNDED) E10 SECONDARY CEILING (A7 * E9) 124,489, A6A FOSTER & GROUP + PARTTIME RESIDENT FTE EQUIVALENT (AVE SEPT+JAN) 1.10 E11 SECONDARY SHARED COST 111,547, A6B PARTTIME NON-RESIDENT FTE EQUIVALENT (AVE SEPT+JAN) 0.00 ((LESSER OF E5 OR E10) - E8) A6C STATEWIDE CHOICE & RACINE PUPILS STARTING IN FALL 15 & AFTER E12 TERTIARY SHARED COST 2,116, A6D SPECIAL NEEDS SCHOLARSHIP STUDENTS 5.00 (GREATER OF (E5 - E8 - E11) OR 0) A7 AID MEMBERSHIP (A4+A5+A6+A6A+A6B+A6C+A6D) (ROUNDED) 12, * Ch 220 Resident Inter FTE counts only 75%. SHARED COST PER MEMBER = $9,782 PART B: GENERAL FUND DEDUCTIBLE RECEIPTS (PI-1506-AC REPORT) B1 TOTAL REVENUE & TRNSF IN 10R ,939, PART F: EQUALIZED PROPERTY VALUE B2 PROP TAX + COMPUTER AID 10R ,427, F EQUALIZED VALUE (CERT MAY 17) + EXEMPT COMPUTER VALUE 9,210,528,882 B3 GENERAL STATE AID 10R ,422, VALUE PER MEMBER = 711,677 B4 NON-DED IMPACT AID (DPI AMOUNT) B5 REORG SETTLEMENT 10R PART G: EQUAL AID BY TIER: USING PI-1506-AC REPORT DATA B6 LONG TERM OP BORR, NOTE 10R G1 PRIMARY GUARANTEED VALUE PER MEMBER 1,930,000 B7 LONG TERM OP BORR, STF 10R G2 PRIMARY GUARANTEED VALUATION (A7 * G1) 24,978,060,000 B8 PROPERTY TAX/EQUAL AID REFUND 10R G3 PRIMARY REQUIRED RATE (E8 / G2) B9 DEDUCTIBLE RECEIPTS (TO LINE C6) = 21,090, G4 PRIMARY NET GUARANTEED VALUE (G2 - F1) 15,767,531,118 G5 PRIMARY EQUALIZATION AID (G3 * G4) (NOT LESS THAN 0) 8,169, PART C: NET COST OF GENERAL FUND (PI-1506-AC REPORT) G6 SECONDARY GUARANTEED VALUE PER MEMB 1,172,875 C1 TOTAL GF EXPENDITURES 10E ,884, G7 SECONDARY GUARANTEED VALUATION (A7 * G6) 15,179,348,250 C2 DEBT SRVC TRANSFER 10E ,220, G8 SECONDARY REQUIRED RATE (E11 / G7) C3 REORG SETTLEMENT 10E G9 SECONDARY NET GUARANTEED VALUE (G7 - F1) 5,968,819,368 C4 REFUND PRIOR YEAR REV 10E , G10 SECONDARY EQUALIZATION AID (G8 * G9) 43,862, C5 GROSS COST GEN FUND (C1 - C2 - C3 - C4) + 141,596, G11 TERTIARY GUARANTEED VALUE PER MEMB 573,439 C6 DEDUCTIBLE RECEIPTS (FROM LINE B9) - 21,090, G12 TERTIARY GUARANTEED VALUATION (A7 * G11) 7,421,447,538 C7 OPERATIONAL DEBT, INTEREST 38E+39E G13 TERTIARY REQUIRED RATE (E12 / G12) C8 NET COST GENERAL FUND (NOT LESS THAN 0) = 120,506, G14 TERTIARY NET GUARANTEED VALUE (G12 - F1) -1,789,081,344 G15 TERTIARY EQUALIZATION AID (G13 * G14) -510, PART D: NET COST OF DEBT SERVICE FUNDS (PI-1506-AC REPORT) D1 TOTAL REVENUE & TRNSF IN 38R + 39R ,095, PART H: OCTOBER 15 CERTIFICATION OF EQUALIZATION AID D2 TRNSF FROM GEN FUND 10E ,220, H EQUALIZATION AID ELIGIBILITY (G5+G10+G15) NOT< 0 51,522, D3 PROPERTY TAXES 38R + 39R , H2 PARENTAL CHOICE DEDUCT, EQUALIZATION AID (MPS only) 0.00 D4 PAYMENT IN LIEU OF TAX 38R + 39R H2A PAYMENT TO MILWAUKEE SCHOOL DISTRICT FROM CITY OF MILWAUKEE 0.00 D5 NON-REV RECEIPTS 38R + 39R H3 MILWAUKEE CHARTER PGM DEDUCT, EQUALIZATION AID (Line H1 * ) -740, D6 DEDUCTIBLE RECEIPTS (D1-D2-D3-D4-D5) - 3, H OCT-TO-FINAL ADJUSTMENT, EQUALIZATION AID -2, D7 TOTAL EXPENDITURES 38E + 39E ,101, H5 PRIOR YEAR ( ) ERROR ADJUSTMENT 0.00 D8 AIDABLE FUND 41 EXP (DPI AMOUNT) + 1,001, H EQUALIZATION AID - OCT 15 CERT (ROUND) (H1+H2+H2A+H3+H4+H5) 50,779,349 D9 REFINANCING 38E + 39E D10 OPERATIONAL DEBT PAYMENT 38E + 39E *** PART I: OCT 15 CERT - SPECIAL ADJUSTMENT, INTER, AND INTRA AID SUMMARY *** D11 NET COST DEBT SERVICE FUNDS (CAN BE NEGATIVE) = 6,098, I SPECIAL ADJUSTMENT AID and/or CHAPTER 220 AID ELIGIBILITY 0.00 I2A PARENTAL CHOICE DEDUCT, SPEC ADJ AID and/or CHAPTER 220 AID (MPS only) 0.00 PART E: SHARED COST (PI-1506-AC REPORT) I2B MILW CHARTER DEDUCT, SPEC ADJ AID and/or CHAPTER 220 AID (Line I1 * ) 0.00 E1 NET COSTS: GEN + DEBT SERV FUNDS (C8 + D11) + 126,605, I2C OCT-TO-FINAL ADJUSTMENT, SPEC ADJ AID and/or CHAPTER 220 AID 0.00 E2 COSTS INDIGENT TRANSPORTATION AND/OR OTHER I SPEC ADJ AID and/or CHAP 220-OCT 15 CERT (ROUND) (I1+I2A+I2B+I2C) 0.00 E3 IMPACT AID NON-DEDUCTIBLE I OCT-TO-FINAL ADJUSTMENT, CHOICE/CHARTER DEDUCTION E4 TOTAL SHARED COST FOR EQUALIZATION AID = 126,605, *I OCT 15 CERT OF GENERAL AID (H6+I3+I4) 50,779,376 DISTRICTS ARE REMINDED THAT THE OCTOBER 15, 2017 GENERAL AID CERTIFICATION MUST BE USED IN THE REVENUE LIMIT COMPUTATION AND SETTING THE FALL, 2017 LEVY. THE BREAKDOWN OF THE AID AMOUNT FOUND IN LINE I1 CAN BE FOUND IN THE "BREAKDOWN OF LINE 1" TAB IN THIS EXCEL WORKBOOK. COLOR-CODING WILL ASSIST DISTRICTS IN IDENTIFYING WHICH AMOUNTS ON PAGE 2 WERE SUMMED TO ARRIVE AT THE NUMBERS APPEARING ON THIS PAGE.