River Valley School District Budget Hearing Date: Thursday, October 26, 2017 Time: 7:00 p.m. Location: River Valley High School Little Theater 660 Varsity Blvd Spring Green, WI 53588
2017-2018 Board of Education Name Address Area Term Expires Kathy Jennings President Arena 1 4/27/2020 Deborah Nelson Clerk Arena 2 4/27/2020 Julie Case Avoca 3 4/22/2018 Dan McGuire Lone Rock 4 4/27/2020 Mark Strozinsky Lone Rock 5 4/23/2018 Sara Young Spring Green 6 4/25/2019 Fred Iausly Treasurer Spring Green 7 4/23/2018 Dick Cates Spring Green 8 4/23/2018 John Bettinger Vice-President Plain 9 4/22/2019 2 2
2017-2018 Administration Name Position Tom Wermuth District Administrator Darby Blakley High School Principal James Radtke Middle School Principal Jaime Hegland Elementary Director Brian Krey Director of Academic Services & Activities Director Lisa Kjos Pupil Services & Special Education Director School Psychologist Bridget Wyman Business Manager 3 3
District Initiatives • 4K & 5K at Early Learning Center in Plain • 1-5 at River Valley Elementary School • Class configurations • RVTV • RV eSchool • One to One Technology Initiative • Energy Efficiency Programs (Next Slide) • Strategic Planning 4
Energy Efficiency Programs • September 8, 2016 School Board passed a resolution to exceed 2016-2017 and 2017-2018 Revenue Limit by $600,000 each fiscal year • One-time, non-recurring exemption • Roof replacement at High School over band and choir rooms as well as oldest gymnasium • HVAC, Boiler and hot water heater replacement at High School • Energy efficient entryway at High School • Payback is 8.7 years 5
Overview of Budget • Budget Publication • Budget Publication Budget Hearing is a Breakdown of the Budget Budget Hearing is a Breakdown of the Budget Publication Publication 6
Fund Definitions • Fund 10: General Fund • Fund 21: Special Projects Fund - Gifts • Fund 27: Special Education Fund • Fund 38: Non-Referendum Debt Service Fund • Fund 39: Debt Service Fund • Fund 49: Other Capital Projects Fund • Fund 50: Food Service Fund • Fund 72: Scholarship Trust Fund • Fund 80: Community Service Fund All funds are set by Wisconsin Uniform Financial Accounting Requirements (WUFAR) RVSD uses 5,390 different accounts Funds used to help in budgets and accountability 7 7
Where does the money come from? • Revenue Cap Limit 2017-2018 • 35.19% State Aid • 64.81% Local Taxes 8 8
Revenue Limit Trend 2010 2011 2012 2013 2014 2015 2016 2017 2018 Total 14,478,555 14,520,503 13,692,000 13,607,545 13,513,427 14,084,833 14,162,443 14,342,470 14,035,443 Property Tax 9,013,033 9,000,042 8,749,914 9,058,377 9,329,011 9,251,320 9,339,745 9,481,378 9,095,976 State Aid 6,281,438 6,314,310 5,683,921 5,362,202 4,997,580 5,645,659 5,560,313 4,909,790 4,939,467 State Aide & Property Tax Property Tax State Aide 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 9
2017-2018 State Budget Decisions Revenue Cap • 2.2% or $307,027 decrease from 2016-2017. 14,600,000 14,342,470 14,400,000 14,162,443 14,086,964 14,035,443 14,200,000 14,000,000 13,692,000 13,800,000 13,607,545 13,510,365 13,600,000 13,400,000 13,200,000 13,000,000 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 10
2017-2018 State Budget Decisions State General Aid • State General Equalization Aid increased by 1.7% in 2017-2018. • RVSD state aid increased 0.6 %. 11
2017-2018 Budget Decisions State General Aid • 2017-2018 budget plan based on state general aid increase of $29,677, 0.60% General State Aid $5,800,000 $5,600,000 $5,400,000 $5,200,000 $5,000,000 $4,800,000 $4,600,000 $4,400,000 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 12
Total Funds Tax Levy 2013- 2014- 2015- 2016- 2017- 2016 2017 2018 2014 2015 Total Funds $9,329,011 $9,251,320 $9,339,745 $9,491,431 $9,154,892 Tax Levy Total Funds 2.99% -0.08% 1.00% 1.60% -3.5% Tax Levy Change Tax Rate $11.19 $11.18 $10.78 $10.73 $10.04 13
Tax Rate Impact School Portion Only Property 2014- 2015- 2016- 2017- Projected Value 2015 2016 2017 2018 Impact $100,000 $1,118.00 $1,078.00 $1,073.00 $1,004.00 -$69.00 $200,000 $2,236.00 $2,156.00 $2,146.00 $2,008.00 -$138.00 $300,000 $3,354.00 $3,234.00 $3,219.00 $3,012.00 -$207.00 $400,000 $4,472.00 $4,312.00 $4,292.00 $4,016.00 -$276.00 14
FIVE YEAR BREAKDOWN OF SCHOOL DISTRICT EQUALIZED VALUES 2013 2014 2015 2016 2017 2017 EQUALIZED EQUALIZED EQUALIZED EQUALIZED EQUALIZED Percent MUNICIPALITY VALUATION VALUATION VALUATION VALUATION VALUATION Change T BLACK EARTH 1,455,039 1,451,590 1,445,609 1,406,909 1,389,445 -1.24% T ARENA 132,604,151 134,339,789 136,100,479 135,640,367 141,426,706 4.27% T CLYDE 33,660,015 34,097,607 33,947,604 40,426,985 38,817,360 -3.98% T DODGEVILLE 275,538 278,170 273,829 276,866 277,863 0.36% T RIDGEWAY 1,016,648 994,332 1,068,698 1,129,971 1,147,418 1.54% T WYOMING 67,259,628 65,572,502 65,553,514 65,182,378 66,558,859 2.11% V ARENA 37,286,500 37,705,400 39,706,700 40,201,700 41,033,900 2.07% T BUENA VISTA 39,679,931 40,711,117 42,638,357 43,673,601 45,145,406 3.37% T ITHACA 1,053,993 1,039,787 1,050,403 1,093,988 1,121,383 2.50% V LONE ROCK 28,867,000 31,376,000 32,881,900 34,093,900 34,716,400 1.83% T BEAR CREEK 51,023,449 49,144,540 52,617,117 54,113,725 55,815,002 3.14% T FRANKLIN 52,378,607 50,924,450 52,743,195 54,724,082 55,509,747 1.44% T HONEY CREEK 147,858 147,004 166,684 164,844 164,271 -0.35% T SPRING GREEN 155,016,100 154,998,600 165,584,000 171,617,900 180,393,700 5.11% T TROY 20,923,481 21,017,095 21,959,503 22,857,334 23,204,142 1.52% V PLAIN 64,930,200 64,534,500 65,710,000 64,378,200 66,558,800 3.39% V SPRING GREEN 146,072,000 139,351,100 153,001,500 153,863,200 158,159,700 2.79% 833,650,138 827,683,583 866,449,092 884,845,950 911,440,102 3.01% INCREASE/(DECRE ASE) -0.90% -1.62% -0.72% 4.68% 3.01% Five Year Increase 9.33% 15
TAX LEVY COMPARISON BY MUNICIPALITY 2016-2017 2017-2018 PERCENT LEVY TAX LEVY TAX LEVY OF LEVY CHANGE T BLACK EARTH $ 14,651.08 $ 13,956.16 0.15% (694.92) -4.7% T ARENA $1,412,513.21 $1,420,548.42 15.52% 8,035.21 0.6% T CLYDE $ 420,993.04 $ 389,897.64 4.26% (31,095.40) -7.4% T DODGEVILLE $ 2,883.19 $ 2,790.97 0.03% (92.22) -3.2% T RIDGEWAY $ 11,767.14 $ 11,525.14 0.13% (242.00) -2.1% T WYOMING $ 678,787.38 $ 668,554.80 7.30% (10,232.58) -1.5% V ARENA $ 418,647.00 $ 412,161.49 4.50% (6,485.51) -1.5% T BUENA VISTA $ 454,802.21 $ 453,459.16 4.95% (1,343.05) -0.3% T ITHACA $ 11,392.42 $ 11,263.64 0.12% (128.78) -1.1% V LONE ROCK $ 355,042.42 $ 348,705.90 3.81% (6,336.52) -1.8% T BEAR CREEK $ 563,522.15 $ 560,629.00 6.12% (2,893.15) -0.5% T FRANKLIN $ 569,878.20 $ 557,562.89 6.09% (12,315.31) -2.2% T HONEY CREEK $ 1,716.63 $ 1,650.01 0.02% (66.62) -3.9% T SPRING GREEN $1,787,171.15 $1,811,949.06 19.79% 24,777.91 1.4% T TROY $ 238,028.60 $ 233,072.01 2.55% (4,956.59) -2.1% V PLAIN $ 670,412.95 $ 668,544.16 7.30% (1,868.79) -0.3% V SPRING GREEN $1,602,279.67 $1,588,621.55 17.35% (13,658.12) -0.9% $9,214,488.44 $9,154,892.00 100.00% $ (59,596.44) -0.6% 16
Tax Rate Comparison to Surrounding Districts (2016-2017) 2016-2017 TAX RATES 16.00 13.55 14.00 11.92 11.51 11.18 12.00 10.73 10.07 9.52 9.15 9.04 10.00 8.00 6.00 4.00 2.00 - 17 17
Definition of Fund Balance Fund balance represents the fund's total assets minus its liabilities. The fund may have liabilities, such as an accounts payable amount due to a supplier, and it may include receivables, a promise of receipt of future payments. 18
District Fund Balance 2014- 2015- 2016- 2017-2018 2017 2015 2016 Projected Beginning $5,647,059 $5,963,198 $5,921,792 $5,568,407 Fund Balance Ending Fund $5,963,198 $5,921,792 $5,568,407 $5,703953 Balance Fund Balance as % of Total 31.9% 31.8% 30.0% 29.9% Expenditures 19
Fund 10 – General (Operating) Fund • Purpose is to account for daily activities of the district business. Audited Unaudited Budgeted 2015-2016 2016-2017 2017-2018 Total Revenues $15,601,188 $15,965,431 $15,754,962 Total Expenditures $15,642,594 $16,318,815 $15,619,416 Revenue-Expense Total -$41,406 -$353,384 135,546.00 Beginning Fund Balance $5,963,198 $5,921,792 $5,568,407 Ending Fund Balance $5,921,792 $5,568,407 $5,703,953 20 20
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