1 / 19

WELCOME TO THE 2007 - 2008 BUDGET HEARING AND ANNUAL MEETING OF THE SCHOOL DISTRICT OF

WELCOME TO THE 2007 - 2008 BUDGET HEARING AND ANNUAL MEETING OF THE SCHOOL DISTRICT OF SOUTH MILWAUKEE. THE 2007-08 SCHOOL YEAR Continued work to improve academic achievement through high standards and rigorous curriculum

lawrence-oneal
Télécharger la présentation

WELCOME TO THE 2007 - 2008 BUDGET HEARING AND ANNUAL MEETING OF THE SCHOOL DISTRICT OF

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WELCOME TO THE 2007 - 2008 BUDGET HEARING AND ANNUAL MEETING OF THE SCHOOL DISTRICT OF SOUTH MILWAUKEE

  2. THE 2007-08 SCHOOL YEAR • Continued work to improve academic achievement through high standards and rigorous curriculum • $820,561 in budget reductions- the gap between revenues and expenditures • Infrastructure work including: • PLTW tables for the High School Tech Ed Department • Walkway at Luther Elementary • Projection systems at Middle & High School • Security Systems at Blakewood, Lakeview & Luther Elementary Schools • Battery backup connected to generator for Technology Department • Maintenance vehicle for the Operations Department • Basketball hoops for the High School

  3. WHY $820,561 IN REDUCTIONS? • (The Gap Between Revenues & Expenditures) • Revenue limits control the total amount of taxes and general state aid a school district can collect • This amount is allowed to increase annually by the CPI, the 2007 increase is 2.8% • State mandates and guidelines often limit the District’s ability to balance the budget

  4. FUTURE BUDGETS • As long as revenue limits are in place and expenses increase at a greater rate than revenues, the district will be facing a budget gap. • We expect to see continued reductions for the 2008-09 school year.

  5. 2007-08 REDUCTION SUMMARY • The $820,561 gap between revenue and expenditures was addressed as follows: • Staff reductions • Copy center lease changes • Budget reductions at all schools and departments that include employee travel, paper, postage, dues/fees and supplies • Revenue increases in special education aid, school fees and open enrollment

  6. 2007 - 08 BUDGET INCREASE SUMMARY 2007 Actual 2008 Proposed Inc/(Dec) TOTAL Costs + $894,470 $34,008,000 $34,902,470 (Fund 10 & 27) 2.6 % 1. Salaries $ 946,223 2. Fringe Benefits $420,904 3. Purchased Services ($365,046) 4. Supplies and Equipment ($117,957) 5. Debt Retirement $24,844 6. District Insurance ( $39,465) 7 . Other Misc. (Debt, Fees, Etc.) ($32,218) 8. Interfund Transfers $ 57,185 TOTAL EXPENDITURE INCREASE $894,470

  7. Mill Rate Comparison(2006-07)

  8. Mill Rate History

  9. 1993-2006 Tax Levy History (All Funds)

  10. SUMMARY • Budget reductions made primarily due to revenue limits and declining enrollments • Projected mill rate of $9.57 – remains lower than 2006-07 • Budget will change after 3rd Friday enrollment count, final certification of state aid and property valuation • Rising costs of insurance and utility costs will continue even with controls • Future state legislation uncertain • 2008-09 will likely see another year of reductions

  11. Questions & Answers

More Related