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Cochrane-Fountain City Schools Budget Hearing

Join us for the Cochrane-Fountain City Schools Budget Hearing on October 22, 2018, at 7:00 p.m. at the High School Library. Learn about the tax levy impact, budget expenditures, revenue considerations, and more.

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Cochrane-Fountain City Schools Budget Hearing

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  1. Budget Hearing Cochrane-Fountain City SchoolsOctober 22, 20187:00 p.m. High School Library Represented by : All In Buffalo CountySchool Board Village of Cochrane Don Baloun– President City of Fountain City Rita Greshik - Vice President City of Buffalo City Karen Knospe - Clerk City of Alma Larry Cyrus - Treasurer Town of Belvidere Bonnie Breza - Director Town of Buffalo Kalene Engel - Director Town of Cross Dennis Oldendorf - Director Town of Lincoln Town of Milton Town of Montana Town of Waumandee

  2. Agenda Budget Hearing7:00 p.m. 1. Call to Order – Don Baloun, President • Presentation of Budget Information - Thomas Hiebert, Superintendent Tax Levy Impact Budget Expenditures Considerations Budget Revenue Considerations Other Considerations/Borrowed Revenue Legislative Revenue Impact Revenue Limit Calculations Revenue Limit Enrollment Impact Local Property Valuations and Cash Flow Graphs Fund Definitions Long Range Planning-November 7, 2017 Referendum Annual Meeting Purpose 3. Questions and Discussion 4. Adjourn

  3. Tax Levy Impact Data Impacting the All Fund Levy Increase *Revenue Limit is $6,181,283, an increase of $12,570 from 2017-18.   *Equalization aid is $3,224,377 a decrease of $64,142 from 2017-18.  *The New Referendum Debt is $818,012 which is an increase of $32,612 from 2017-18.  -The Referendum Notes are 10 years with Ehlers. -Ehlers Investment Partners is assisting with the cash flow for maximum interest. *No recommended Fund 80 discretionary levy for 2018-19. *The increase in the Total Tax Levy is $173,738. *The administration is recommending a $85,000 Fund 10 transfer. *The transfer will maintain an average increase of 2.37%.

  4. Tax Levy ImpactContinued Total Levy$Change%Change 2009-10 $3,365,203 419,563 14.4% 2010-11 $3,337,807 -27,396 -.8% 2011-12 $3,337,110 -697 -.02% *($25,000 +.7%) 2012-13 $3,337,353 243 .01% *($196,000 +5.8%) 2013-14 $3,384,180 46,827 1.4% 2014-15 $3,457,120 72,940 2.2% 2015-16 $3,538,879 81,777 2.4% *($100,000 +5.3%) 2016-17 $3,631,619 92,740 2.6% *($130,000 +6.3%) 2017-18 $3,601,180 -30,439 -.84% Proposed 2018-19 $3,689,918 $88,738 2.5% *($85,000 +4.8%) $3,774,918 $173,738 *Nine year average levy increase is 2.37 %. *Represents a Fund 10 Transfer to retain a flat tax rate.

  5. Tax Levy ImpactContinued Fund 10 Levy Proposed 2015-16 2016-17 2017-18 2018-19 $2,857,754 $2,981,368 $2,880,194 $2,956,906 $175,916 $123,614 -$101,174 $76,712 6.6% 4.3% -3.4% 2.7% Summary of the Total Tax Levy -The All Fund Levy is a district request to the county. -Amounts will vary between Municipalities and Townships due to valuations. -A 9.13 Mill Rate is an increase from 8.99. -The General Operating Levy Fund 10 is 78.3% (7.1 mill rate) of the Total Levy. -The Referendum Debt Levy is 21.7% (2.03 mill rate) of the Total Levy.

  6. Budget Expenditure Considerations Annual Expenditure Considerations *75% of the district’s expenditures are salaries and benefits, a people-based entity. *Student-to-teacher ratio based on student needs and instructional delivery. *Providing the best educational opportunities with the resources available. -Curriculum and Instruction Development -Staff Development *Legislative changes (2017-19 biennial budget) (2019-21 biennial budget coming). *Auxiliary functions (food services, maintenance, transportation). *Technology *Long Term Planning -Post Referendum

  7. Budget Revenue Considerations *Revenue Limits *State Aid (Equalization Aid) (Categorical Aid-Sparsity, Per Pupil, High Cost Transportation) *Local Property Taxes *Federal Sources *Inter-District Sources (Open Enrollment, Co-curricular Fees) *Intermediate Sources (Consortium/CESA) *Local sources such as Student Fees, Insurance Dividends, and Event Admission.

  8. Other ConsiderationsBorrowed Revenue *Energy Efficiency Projects -2013, 10 year note @ $325,000 @ 2.74% - Expires on June 30, 2023 -Payments through energy efficiency savings. -Current Balance is $139,337. +Recommended to pay off in the 2018-19 the current fiscal year. *Bond Debt from 2000 expired June 30, 2018. *New Referendum (2017) Notes Due 2028.

  9. Legislative Revenue Impact Revenue Limits 2015-16 2016-17 2017-18 2018-19   $6,273,138 $6,246,619 $6,168,713 $6,181,283 $62,134 -$26,519 -$77,906 $12,570 .9% -.42% -1.2% .2% *Revenue Limits-The maximum revenue a district receives combining state aid and local taxes. State Equalization Aid $3,401,265 $3,261,295 $3,288,519 $3,224,377 -$127,901 -$139,970 $27,224 -$64,143 -3.62% -4.1% .83% -1.95% *Equalization Aid is based on property values, statute, revenue limits, enrollment, and prior year’s expenditures. *Equalization Aid is 52.2% of the Revenue Limit for 2018-19.

  10. Revenue Limit Calculations *Base Revenue 2017-18 $3,288,519 Aid 2017-18 $4,014 Computer Aid 2017-18 $2,876,180 Tax Levy 2017-18 -$163,062 Non Recurring Exemptions 2017-18 $6,005,651 Base Revenue Limit 2018-19 * Non Recurring Exemptions 2018-19 $159,800 Declining Enrollment $561 Adjustment for Refunded/Rescinded Taxes $6,871 Prior Year Open Enrollment $8,400 Private Voucher Aid $175,632 Non-recurring exemptions 2018-19 $6,181,283 Total Revenue Limit 2018-19

  11. Revenue Limit Enrollment Impact *Three Year Rolling Average 2016 2017 2018 659 639 594 *Declining Enrollment Exemption $159,800 18-19 $74,144 17-18 $83,442 16-17 $37,072 15-16 $0 14-15

  12. Local Property Valuations 2016-17 2017-18 2018-19 Property Values $386,785,792 $400,464,695 $413,553,742 Value Change $11,671,314 $13,678,903 $13,098,047 Percent Change 3.1% 3.4% 3.3% Fund Balance/Cash Flow Proposed 2016-17 2017-18 2018-19 Fund Balances $2,670,251 $3,028,970 $2,481,414 Change $248,956 $358,719 -$547,556

  13. District Equalized Property Value Per Member Compared to State Average Value Per Member 104.1%

  14. Fund Definitions Fund 10 General Fund is used to pay for general operation of the district. Fund 21 is for the purpose of gift and donation deposits. Fund 27 Special Education is to fulfill Individual Education Plans. Fund 38 Non Referendum Debt is for the borrowed revenue. Fund 39 Debt Service for repayment of referendum bond debt. Fund 49 is Other Capital Projects activities. Fund 50 is for deposits and expenditures for the food service program. Fund 60 is for student activity account deposits and expenses. Fund 72 is used for scholarship payments and donations. Fund 80 is for flow through of all community service activities.

  15. Referendum Project UpdateSix Project Areas 1. Update the science, agriculture, and technology classrooms to incorporate the latest technology, equipment and flexible learning spaces that can be modified based upon course offerings as well as address ADA (Americans with Disabilities Act) requirements. 2. Create a secure main entrance. This includes adding video surveillance, access controls to doors, an intrusion or perimeter security system with a duress button for main office and replacing the existing outdated intercom system. 3. Repair/replace heating and ventilation components throughout the District that have reached their useful life. 4. Upgrade fire and life safety protection systems. 5. Repair/replace outdated plumbing fixtures, toilet partitions and water heating systems. Remodel restrooms 303 and 296 to updated fixtures and address ADA (American with Disabilities Act) requirements. This includes a full renovation of the lower locker rooms. 6. Replace selected windows, doors, and flooring. Repair existing asphalt and concrete curbs and walks.

  16. November 7, 2017 Referendum Continued Operating Funds-Their purpose being to continue day to day operations of the District. Referendum Funds-Are intended for a specific purpose the District may ask taxpayers to fund. *THE NOVEMBER 7 REFERENDUM WAS NOT AN OPERATING REFERENDUM.

  17. Annual Meeting Purpose *You are here to advise the school district in utilizing your tax dollars in educating the students of the Cochrane-Fountain City School District. *Prior to November 1, 2018, the School Board needs to vote on the district property tax levy for 2018-19. *During a Special Meeting immediately following the Annual Meeting, the Board will meet to approve the new levy amount.

  18. Annual Meeting October 22, 2018To Follow Budget Hearing High School Library Represented by : • All In Buffalo CountySchool Board • Village of Cochrane Don Baloun - President • City of Fountain City Rita Greshik - Vice President • City of Buffalo City Karen Knospe - Clerk • City of Alma Larry Cyrus - Treasurer • Town of Belvidere Bonnie Breza - Director • Town of Buffalo Kalene Engel - Director • Town of Cross Dennis Oldendorf - Director • Town of Lincoln • Town of Milton • Town of Montana • Town of Waumandee

  19. Annual Meeting Agenda October 22, 2018To Follow Budget Hearing I. Call to Order – Board President Don Baloun II. Elect Chairperson III. Reading and Approval of Minutes of Last Annual Meeting IV. Reading and Approval of Treasurer's Report V. Old Business

  20. Annual Meeting Agenda October 22, 2018To Follow Budget Hearing VI. New Business A. Authorize tax levy for 2018-2019 school year. B. Authorize the Board to direct and provide for the prosecution or defense of legal action and privileges in which the district has an interest. C. Authorize the Board to short-term borrow to meet cash flow needs of the district until the next annual meeting. D. Authorize the Board to change the Annual Meeting date for 2019-2020. E. Authorize the payment of expenses for board members in their performances outside normal duties. F. Authorize the sale of excess materials and equipment. G. Authorize the providing of free textbooks if appropriate.

  21. Annual Meeting Agenda October 22, 2018To Follow Budget Hearing H. This statement serves as public notice that the School District of Cochrane-Fountain City is utilizing Internet Filtering through Smoothwall on all of its computers that are capable of accessing the Internet in order to comply with the Federal Children's Internet Protection Act (CIPA) (2000). Further, the District, by Board Policy has implemented an Acceptable Use Policy, which disallows access to minors of inappropriate matter on the Internet and World Wide Web, unauthorized use of chat rooms, e-mail, or unauthorized access, commonly referred to as hacking. The policy also disallows unauthorized disclosure of any personal information regarding minors. This policy was approved by the Board of Education on October 22, 2001 and revised in 20l2. It is included in the Student/Parent Handbook. Any questions or discussion? I. Set salaries for board members for 2018-2019. President/Vice President $ 1300 Clerk $ 1300 Treasurer $ 1300 Director $ 1200 J. Other new business as may legally come before the meeting. VII. Adjourn

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