Shawano School District Annual Meeting Budget School Year July 23, 2008

Income Summary School Year  Source Budget Actual  Federal Aid 483, ,686  Cat. State Aid 2,202,811 2,171,646  School Choice 525, ,700  General State Aid 16,502,781 16,502,781  Local Income 480, ,611  Prop. Tax Levy 8,776,180 8,776,180

Disbursements by Funds  Budget Actual  Comm. Services 180, ,625  General Fund 25,581,809 25,333,827  Fund 27 1,201,564 1,159,595  Debt Fund 1,981,113 1,981,113

Income  General Fund Budget$25,432,318  General Fund Actual $25,616,664  Difference/Over $ 184,346

Expenses  General Fund Budget $25,631,  General Fund Actual $25,333,  Difference (Under) $297,  Roof Middle School $180,  Balance $117,  Without Roofing Project 98.84% of budget  With roofing project 99.54% of budget

Budget  Budget is prepared using revenue limit calculation with information from DPI.  If 3 rd Friday student count is higher in September, the revenue limit will be recalculated.  Equalized Valuation of District will not be known until Oct. 15.

Revenue Limit Revenue Limit $23,886,498 Revenue Limit $23,126,512 Increase $ 759,986

Equalized State Aid Estimated State Aid $ 15,950,070 Actual State Aid $16,502,781 Decrease $ 552,711

State Aid Information  For 3 Years, beginning in , State Aid will be increased 5% because of the separation of our district.  State aid $15,950,070.  Without the 5% increase State Aid $14,996,960 or $953,110 less.

Local Tax Levy  General Fund 7,916,428  Debt Retirement 2,150,000  Community Services 157,418 Total $10,223,846  Increase in Tax Levy from to $ 580,841 $

Mill Rate Comparison  mill rate 7.67 mills  mill rate was 6.78 mills.  mill rate was 7.29 mills.  mill rate lower because we received larger amount of State Aid (prior year’s costs).  From to Increase.38 mills

Proposed Mill Rate Proposed mill rate assumes a 3% increase in equalized valuation. Taxpayer with a home value at $100,000 will have a increase of $38.00 from to

General Fund Revenue Changes Tax Levy + $1,447,666 Equalization Aid - 552,711 No Other Substantial Changes in Revenue.

Expenditures  General Fund  Includes Carry Over Project: SCMS School Roof  OPEB Additional  $26,505,726   $ 180,792  $ 100,000

Budget Notes Cont.  Operational/Maintenance $435,176  Rental of Facilities $ 20,000  Second year of implementation of new telephone system $110,000  Pupil Transportation Inc. $ 92,375  Middle School Bus Loading $90,000

Instructional Budgets  Schools prepared budget for their schools (Site Based Management).  3 Per Cent Per Student increase in instructional budget.  Total expenditures for instructional budget $987,729.

Resource (Textbook) Allocation  Resource (Textbook) Allocation - $117,008.  Follows cycle set up by administrators.  This year – Grades K-4 Science Grades 9-12 Language Arts Budget includes textbooks, software, and resource material.

Sage Funding  We will continue SAGE at the ratio in Grades K-3.  Anticipate $750,000 in revenue.

Fund 20  Gifts & Trusts  Special Education  Title IX Indian Education  17,000  $4,669,245  $ 127,364

Fund 39 Debt Retirement  Tax Levy  Interest Income  Total Revenue  Expenses  Levy Increase  Levy  Levy  Increase  $2,150,  $ 50,  $2,200,  $2,063,  $2,150,  $2,050,  $ 100,000.00

Fund 38 Refinance Prior Service  Estimated 1% of Salary  Principal G O Bonds  Interest G O Bonds  $150,39200  $85,  $65,393.00

Food Service (Fund 50  Income  Expenses  Balance  Fund Balance Exp.  Current year Balance  $1,243,  $1,263,  $ -19,  $ 30,  $ 10,364.92

Food Service (Fund 50)  Income  Expenses  Balance  With 10 cent in- crease in Breakfast & Lunches.  $ 1,308,  $ 1,282,  $ 26,566.00

Community Ed. (Fund 80)  Income $182,  Expenses $175,  Balance $ 6,904.22

Comm. Ed (Fund 80) & Summer School (Fund 90)  Fund 80 Comm. Ed.  Income & Expenses  Fund 90 Coop. Programs  Income & Expenses  $218,  $499,429.00

Budget Changes  Budget increase $ 921,836  Percent Increase 3.09%

In Conclusion  This budget will be presented at the Annual Meeting.  The Board will finalize the budget in October.  Adopt the budget in function number order for the Annual Meeting.