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CLINTON COMMUNITY SCHOOL DISTRICT

CLINTON COMMUNITY SCHOOL DISTRICT. OCTOBER 28, 2013 2013-2014 BUDGET HEARING & ANNUAL MEETING. PRESENTATION TO THE SCHOOL BOARD. BOARD OF EDUCATION MEMBERS President-Robert McConnell Vice President-Jill Gunderson Clerk-Tom Howard Treasurer-Evelyn Propp Member-Gary Gilbank

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CLINTON COMMUNITY SCHOOL DISTRICT

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  1. CLINTON COMMUNITY SCHOOL DISTRICT OCTOBER 28, 2013 2013-2014 BUDGET HEARING & ANNUAL MEETING

  2. PRESENTATION TO THE SCHOOL BOARD BOARD OF EDUCATION MEMBERS President-Robert McConnell Vice President-Jill Gunderson Clerk-Tom Howard Treasurer-Evelyn Propp Member-Gary Gilbank Member-Craig Ostrander Member-Cathy Wendtland

  3. 2013-14 BUDGET HEARING

  4. BUDGET HEARING • Ch. 65. 90 Wis. Stats, states that common school districts must hold the public budget hearing at the time and place of the annual meeting. • Residents have an opportunity to comment on the proposed budget.

  5. Budget Presentation • Key Assumptions • Significant Factors • Development of Budget • Focus and Highlights

  6. KEY ASSUMPTIONS • BOE support to maximize levy authority • Continuing decline in enrollment • Property Valuations decrease by 1.6%

  7. SIGNIFICANT FACTORS • Membership drop by 14 individuals from 2012 • Minor Equalization aid increased from 2012-13 • Was projected at $170,000 • Open Enrollment increase from 2012-13

  8. DEVELOPMENT OF BUDGETRevenue Limit Computation • 2012-13 Base Revenue $10,714,688 • Base Membership (10,11,12 Sept. + 40% sum. schl.) 1,102 • Base Revenue per Member (line 1 / line 2) $9,722.95 • Per Pupil Increase +$75.00 • Maximum Revenue Per Pupil (line 3 + line 4) $9,797.95 • Current Membership (11,12,13 Sept. + 40% sum. schl.) 1,081 • Maximum Revenue based on Membership(line 5 * Line 6) $10,591,584 • Hold Harmless Exemption $123,104 • Maximum after Recurring Exemptions $10,714,688 • Declining Enrollment Exemption $205,757 • Revenue Limit with all Exemptions $10,920,445

  9. DEVELOPMENT OF BUDGETRevenue Limit Computation • Estimated October 15, 2013 General Aid Amount $7,416,387 • Total Levy for Fund 10,38,41 + Computer Aid $3,504,058 • Total Levy for Fund 39,80 + Property Tax Chargeback $1,414,378 • Estimated Computer Aid (subtracted from Levy) -$2,149 • Total Levy (line 2 + line 3 – line 4) $4,916,287 • Estimated Equalized Property Value $396,621,320 • Estimated Levy Rate per $1,000 (line 5/line 6) $12.40

  10. REVENUE LIMITS 2007-08 to 2013-14(est.)

  11. Equalized Aid and Fund 10 Levy Trends

  12. Tax Levy Rate Comparison

  13. FUND 10 (General Fund) & FUND 27 (Special Education Fund) PROJECTED REVENUES CLINTON COMMUNITY SCHOOL DISTRICT

  14. The BudgetSchool District Funds Fund 10 - General Fund Used to record district financial activities for current-year operations

  15. The BudgetSchool District Funds Fund 20s – Special Project Funds Fund 21 – Special Revenue Trust Fund (Gifts and Donations from private parties) Fund 27 – Special Education Fund (Exceptional Education Needs)

  16. FOCUS AND HIGHLIGHTS • $1,000 stipend to all licensed educators • 1.5% administrative salary increase • Lane movement for educators receiving masters prior to September 1, 2013 • WRS contribution at 6.65% until January 1, then 7% thereafter • Affordable Care Act evaluation and additional insured employees • +$900,000 spending at elementary/middle with QZAB loan

  17. FUNDS 10 & 27 Projected Revenues

  18. Funds 10 & 27 Projected Revenues

  19. FUND 10 (General Fund) & FUND 27 (Special Education Fund) PROJECTED EXPENDITURES CLINTON COMMUNITY SCHOOL DISTRICT

  20. FUNDS 10 & 27 Projected Expenditures

  21. FUNDS 10 & 27 Projected Expenditures

  22. FUNDS 10 & 27 Expenditure Comparison

  23. FUNDS 10 & 27 Expenditure Comparison Explanation • Salaries - Decrease • New hires trend lower on salary schedule and Teachers on Call • Benefits - Increase • More employees receiving health benefits • Increased WRS rate to 7% (1/1/2014) • Purchased Services - Increase • Teachers on Call • Other • Remainder of QZAB is Fund 10

  24. NON-REFERENDUM and REFERENDUM DEBT FUND FUNDS 38 & 39

  25. The BudgetSchool District Funds Fund 30s – Debt Service Funds (Used to record transactions related to general obligation debt – irrepealable tax levy and principal & interest expense) Fund 38 – Non-Referendum Debt Service Levy Fund 39 – Referendum Debt Service Levy

  26. 2013-2014 Projected Fund 38 REVENUES Tax Levy $112,725 QZAB Note $882,000 Total $994,725 EXPENDITURES Long Term Loan Payoff (QZAB) $882,000 Interest (QZAB) $1,920.80 Long Term Principal $65,000 Long Term Interest $49,155 Other Transaction $10,325 Total $1,008,400.80 The QZAB loan was bridged with a long term note that was payable after a month. This allowed us to start QZAB projects while waiting for the financing of the long term note.

  27. 2013-2014 Projected Fund 39 REVENUES Tax Levy $1,406,271 Interest on Investments $3,500 Total $1,406,771 EXPENDITURES Long Term Principal $1,155,000 Long Term Interest $270,791 Total $1,425,791

  28. FOOD SERVICE FUND FUND 50

  29. The BudgetSchool District Funds Fund 50 – Food Service Fund • Federal Regulations require separate accounting for Food Service. • Fund deficit must be eliminated through transfer from the General Fund. • Fund Balance must be retained for use in Food Service.

  30. 2013-2014 Projected Fund 50 REVENUES Local Sources (fees) $268,800 Federal $196,000 State $7,600 Total $472,400 EXPENDITURES Salaries/Wages $133,179 Benefits $36,862 Purchased Services $31,300 Non-Capital Objects $260,150 Capital Objects $59,500 Other $2,341 Total $523,332 Food Service plans to purchase a new vehicle for its use throughout the district, and for repairs to the middle school cafeteria.

  31. 2013-2014 Projected Fund 50 • Beginning Fund Balance $154,341.18 • + Revenues $472,400.00 $626,741.18 • - Expenditures $523,322.00 • Ending Fund Balance $103,419.18

  32. 2013-2014 Projected Fund 50 For the 2013-14 school year, the Federal Government, through a calculation, required CCSD to raise lunches by a $.10 average for students. To accomplish this goal, pricing was adjusted as follows: • Elementary lunch went from $1.80 to $1.85 • Middle lunch went from $2.00 to $2.10 • High lunch went from $2.05 to $2.20

  33. Employee Benefit Trust Fund FUND 73

  34. The BudgetSchool District Funds Fund 73 – Employee Benefit Trust Fund • Used to record transactions for the District formally-established benefit pension plan. • Other Post-Employment Benefits (OPEB)

  35. Fund 73 Update OPEB Trust as of June 30, 2013 • Amount in Trust $170,707.60 • Contributions Since last Annual Meeting $100,000 • Disbursements since last Annual Meeting $0 • Investment Return (Interest Revenue) $4,983.24 • Investment Manager: MidAmerica Administrative and Retirement Solutions, Inc. July 1, 2008 Valuation of OPEB Liability: $5,029,239 July 1, 2010 Valuation of OPEB Liability: $3,480,065 July 1, 2012 Valuation of OPEB Liability: $4,070,099

  36. COMMUNITY SERVICE FUND FUND 80

  37. The BudgetSchool District Funds Fund 80 – Community Service Fund • Used to record transactions related to the use of District property for civic purposes. • Examples include: adult education, community recreation programs, and/or care services.

  38. 2013-2014 Projected Fund 80 REVENUES Tax Levy $8,000 Total $8,000 EXPENDITURES Salaries/Wages $3,600 Benefits $550 Total $4,150

  39. 2013-2014 Projected Fund 80 • Beginning Fund Balance $10,444.83 • + Revenues $8,000.00 $18,444.83 • - Expenditures $4,150.00 • Ending Fund Balance $14,294.83

  40. PROJECTED TAX LEVY CLINTON COMMUNITY SCHOOL DISTRICT

  41. 2013-14 Proposed Tax Levy • CCSD Fund 10 Levy $3,389,184 • CCSD Fund 38 Levy $112,725 • CCSD Fund 41 Levy $0 • TOTAL REVENUE LIMIT LEVIES $3,501,909 • CCSD Fund 10 Chargebacks $107 • CCSD Fund 39 Levy $1,406,271 • CCSD Fund 80 Levy $8,000 • TOTAL PROPOSED PROPERTY TAX LEVY $4,916,287

  42. LEVY DECREASE BREAKDOWN • Decrease of Fund 10 Levy $44,353 • Increase of Fund 38 Levy - $12,269 • Decrease of Chargebacks + $868 • Decrease of Fund 39 Levy + $2,383 TOTAL LEVY DECREASE FROM 2012-2013 $35,335

  43. TAX LEVY COMPARISON

  44. BUDGET ADOPTION TIMELINE • September 20, 2013 – Third Friday Pupil Count • October 1, 2013 – Tax Apportionment Valuation Certification • October 15, 2013 – Final State Aid Calculation released by DPI • October 28, 2013 – Board Approves 2013-14 Budget and Tax Levy • November 8, 2013 – PI-401 Due, Tax Levy Certifications to Municipalities

  45. CLINTON COMMUNITY SCHOOL DISTRICTANNUAL MEETINGOCTOBER 28, 2013

  46. Mission Statement The Clinton Community School District, proud to be in partnership with family and community, is committed to ensure that all students receive a solid education foundation in a safe environment that fosters and sustains lifelong learning and empowers students to be contributing members of our global society.

  47. BOARD OF EDUCATION President-Robert McConnell Vice President-Jill Gunderson Clerk-Tom Howard Treasurer-Evelyn Propp Member-Gary Gilbank Member-Craig Ostrander Member-Cathy Wendtland

  48. ADMINISTRATIVE STAFF • District Administrator – Dr. Randy Refsland • Director of Teaching, Learning and Assessment and High School Principal – Nichole Erickson • Middle School Principal – Benjamin Simmons • Elementary School Principal – Joseph Bellante • Director of Pupil Services – Lee Ann Grahn • Business Manager – Andrew Chromy

  49. SUPERVISORY STAFF • Director of Building, Grounds and Transportation – Robert Butler • Food Service Manager – Julie Cornelius • Athletic Director – Ray Vance • Technology Director – Sally Barrington

  50. AGENDA (page 1) 1. Meeting Called to Order – President Rob McConnell 2. Pledge of Allegiance 3. Election of a Chairperson 4. Clerk’s Report and Approval of 2012 Annual Meeting minutes 5. Treasurer’s Report

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