2012-13 Budget Hearing and Annual Meeting

1. 2012-13 Budget Hearing and Annual Meeting Monday, August 20, 2012

2. Vision Statement • Focusing on high academic excellence, Parkview School District will provide a safe environment, within quality facilities, where students reach their full potential and become productive citizens.

3. Mission Statement • The Parkview School District, in partnership with family and community, will graduate individuals equipped to be responsible, productive citizens in our changing world by providing quality instruction and a progressive curriculum in a secure and challenging environment which will motivate all students to achieve their greatest potential.

4. Notes on the Budget • By law, Parkview School District uses the Wisconsin Uniform Financial Accounting Requirements (WUFAR) for budgeting • The 2012-13 Budget for the Parkview School District is an estimate • The budget presented today may change between now and Nov. 1st when the final levy is set • Events that could change the final numbers • 3rd Friday pupil count in September • Final Equalization Aid numbers from DPI • 2011-12 audit • The Parkview School District will continue to update information as it becomes available to us

5. Important Dates • 2011-12 Financial Audit – July 1, 2012 until the end of the calendar year as the auditors work on their final reports • September 17th – first aid payment from the state (15% of total) • September 21st – 3rd Friday pupil count • October 15th – General Aid certification from DPI • November 1st– deadline for adopting the “original” budget and setting the levy amount

6. Comparative Cost per Member • Comparative Cost per Member is total costs divided by the number of students in the district • While revenue sources have either declined or remained stagnate, costs have continued to rise leading to necessary budget cuts

7. Membership Countand Enrollment • Membership count is one of the most important numbers for a school district because it will impact your revenue limit and equalization aid • Due to Parkview’s declining enrollment, the revenue limit for the district has been decreasing over the last few years • In addition, reductions made to the allowable per pupil change have limited the amount of money a district is able to receive

8. Mill Rate • Mill rate is a number used to equate the amount of taxes that will be assessed on a property that has a certain evaluation • For example, a mill rate of $9.88 would mean that a property evaluated at $100,000 would pay $988 in taxes for the school district • It is important to note that the mill rate is an average for multiple municipalities and an individual’s actual mill rate could vary

9. Expenses by Object • This pie chart provides a breakdown of Parkview’s expenses for Fund 10 • In the past, salaries and benefits typically accounted for about 72% of expenses • However, due to benefit changes and staff reductions, that number has been reduced to about 66%

10. General Aid Worksheet • Estimated aid amount as of July 20, 2012 • Provides an estimate of General Aid received from the state

11. Revenue Limit Worksheet • Line 11 – Revenue Limit • Line 12A – Estimated General Aid • Line 19 – All Fund Tax Levy and Mill Rate • Sheet used to calculate the district’s allowable revenue limit each year

12. Proposed Budget • Parkview School District is projected to have a shortfall of $275,201.72 for the 2012-13 fiscal year • A reduction in state aid and a decrease in the revenue limit are the main reasons for the shortfall • The shortfall will lead to a reduction in the district’s fund balance amount

13. Fund Balance • Fund balance represents the fund’s total assets minus its liabilities • Fund balance is not a cash account and does not represent how much money a district has in the bank • Parkview School District is projected to have a fund balance of 22% after this year

14. Tax Levy • The tax levy is based on a variety of numbers and is directly impacted by the amount of aid we get from the state, which we will not know until mid-October • However, we can use some of the numbers we do have already and make an estimate of what it might be this year • The chart to the right gives a history of the amount Parkview School District has levied in the past and how much it anticipates this year

15. Equalization Aid • Equalization Aid or General Aid is money that is received from the state • Recent changes in the state budget have reduced the amount of Equalization Aid given out each year • Over the past five years, Parkview has been receiving less and less Equalization Aid from the state due to a decrease in overall funds and declining enrollment

16. Revenue Limit • The revenue limit is the amount that a district is able to collect in revenues from state aid and taxes • Parkview has seen their revenue limit decline over the past five years due to changes in the state’s budget and declining enrollment

17. Budget Adoption • The Budget Adoption Summary is a DPI required document that must be completed every year by a school district • The chart below contains information on the Parkview’s Fund Balance and the revenues and expenditures for the General Fund

18. 2012-13 Budget Cuts and Savings

19. 2012-13 Positives • 2% salary increase for all certified and classified staff to retain high-quality employees • Reduced maintenance costs from managing only three buildings instead of four • Reduction in health insurance costs while maintaining quality coverage • Energy efficiency through Honeywell to lower energy costs

20. Contact Information • Ben Irwin – Business Manager • Email – birwin@email.parkview.k12.wi.us • Phone – 608-879-2717 ext. 6114 • Office located in the Parkview High School Office • A copy of this PowerPoint and other budget information will uploaded to the Parkview School District website under Budget Information, which can be found within the Business Office link