2014-15Proposed Budget

July 1 - June 30 DISTRICT BUDGET

Budget Approved in August by Finance & SBBudget Hearing/Annual Meeting in Sept.Budget Finalized in October by Board

Actuarial Valuation of Prior Post Employment Benefits

Student Enrollment - 3rd Friday in September

Property Value – October 1State Aid - October 15Transfer of ServiceNeeds of the District

Budget Factors

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

2014-15

2350

2400

2450

2500

2550

2600

25502560

2571 2566

25352526

2535 2536

2505

2486 24812475

2467 2463 24622473

2455

2425

Revenue Limit Membership (3 year average)

Property Values

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

$1,198,853,628

$1,273,936,016

$1,300,392,680$1,321,874,401

$1,263,139,024$1,245,693,492

$1,147,127,852$1,140,177,336

$1,117,373,789

Estimated State Aid

2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-1511000000

11500000

12000000

12500000

13000000

13500000

14000000

14500000

15000000

$12,275,697

$12,943,747$12,942,867

$13,691,185$13,698,377

$14,128,181$14,408,307

$13,872,778

$13,516,834

$12,234,555

$12,713,521

$13,899,117

$13,445,860

State Aid

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

-2,000,000

-1,000,000

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

910,9071,229,423

1,500,000 1,500,000

2,650,000

2,264,000 2,069,678 1,774,633

(589,093) (270,577)

- -

(1,450,000)

(336,000) (530,322)

(825,367)

Allowable

Used

Untaxed

2006-07….……….…..….1.5….….….………….2010-11.......2.6…..…..2012-13 2013-14..2.6...2015-16

Referendum Dollar Usage

BUDGET

Revenue Limit: Prior Year Spending, 3 year average of Sept and Summer School Enrollment, Property Value, Transfer of Service, Referendums, Aid.

State Aid: District Property Value and prior year average of Sept. and Jan. Enrollment

Budget Revenues: State Aid and TaxesBudget Expenses:

Salaries and FringesTransportationInsuranceSupplies and EquipmentMaintenance UtilitiesContracted Services

GENERAL FUND (FUND 10)

$27,335,396

DEBT SERVICE (FUND 30)$322,000

Maintenance Referendum

CAPITAL PROJECTS (FUND 40)$0.00

FOOD SERVICE (FUND 50)$1,063,813

COMMUNITY SERVICE (FUND 80)$0.00Swimming Pool: Lease agreement

with the City of Portage

Fund 2014-15 Receipts

2014-15 Expenditures

General Fund (Fd 10) 27,335,396 27, 335,396

Debt Service Fund (Fd 39)From Fund Balance

316,5005,500

322,000

Capital Expansion Fund (Fd 41) 0 0

Food Service (Fd 50) 1,063,813 1,063,813

Community Service Fund (Fd 80) 0 0

Total 28,721,209 28,721,209

Budget to Taxy Levy

To determine the property tax levy:

Revenue Limit- minus

State Equalization Aid= equals

Property Tax Levy

PROJECTED 14-15 LEVY

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15$10,000,000

$10,500,000

$11,000,000

$11,500,000

$12,000,000

$12,500,000

$13,000,000

$12,744,014

$12,157,600

$12,423,434

$11,739,887

$10,937,915

$11,369,049

Each municipality’s share of the levy is determined by its share of the total equalized value.

2013 Values

County Municipality Value %

Columbia C Portage $542,064,800 47.54%

Columbia T Caledonia $171,328,256 15.03%

Columbia T Dekorra $174,744 0.02%

Columbia T Ft. Winnebago $69,093,600 6.06%

Columbia T Lewiston $115,561,668 10.14%

Columbia T Marcellon $1,079,494 0.09%

Columbia T Pacific $168,015,824 14.74%

Columbia T Wyocena $4,246,708 0.37%

Marquette T Douglas $16,338,230 1.43%

Marquette T Moundville $39,033,400 3.42%

Marquette V Endeavor $12,831,900 1.13%

Sauk T Greenfield $408,712 0.04%

TOTAL 12 Municipalities $1,140,177,336 100.00%

PROJECTED TAX IMPACT

$10.18 Mill Rate

$100,000 Home

$1018. Tax Amount

Mill Rate – History

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

$12.00

$13.50

$15.17

$13.70 $14.58

$16.02 $16.55

$17.18 $17.50

$17.17

$15.11 $14.05

$10.94

$9.32 $9.73

$9.19 $8.16

$8.98 $8.60

$9.10

$9.32 $8.77

$8.76

$8.61

$9.10

$9.64 $9.62

$9.97 $10.23

$9.59

$10.18

Note: Budget adjustments are made in Octoberbased on student count, actuarial valuation of prior post employment benefits, state aid certification, transfer of service allocation, needs of the district, and property valuations.