1. Winona Area Public Schools 2013-14 Revised Budget As of April 3, 2014

2. FUND BALANCES 2012-2013 FINAL 2013-14 BUDGET (Projected) GENERAL (UNASSIGNED) $ 7,215,52219% $ 6,017,39115.8% GENERAL (ASSIGNED) $ 2,546,037 $ 1,364,234 TOTAL GENERAL $ 9,761,559 $ 7,382,125 SCHOOL NUTRITION $ 352,35620.48% $ 236,05913.59% COMMUNITY EDUCATION $ 374,37519.11% $ 325,24216.66% CONSTRUCTION $ 386,668 $ 290,169 DEBT SERVICE $ 496,544 $ 396,807 OPEB TRUST $ 6,788,903 $ 6,207,408 OPEB DEBT REDEMPTION $ 170,883 $ 164,566 TOTAL ALL FUNDS $ 18,331,287 $ 15,002,376

3. REVENUES

4. Revenues – General Fund UR TYPEActual 2012-13 Projected 2013-14 Local Taxes $ 7,292,487 $ 6,415,315 -12.3% State Aids $ 27,022,809 $ 27,037,726.06% Federal Aids $ 1,671,703 $ 1,510,028 -9.67 Local Revenue $ 1,667,333 $ 1,892,012 + 13% TOTAL $ 37,654,332 $ 36,855,081 -2.1%

5. Revenues State Aid based on: ADM total of 3,109 State Aid formula of $5,302 Referendum of $1,550 per Resident pupil Enrollment is still dropping, reduction of.29% Projected to drop another 7.8% in next five years

7. Expenditures

8. Expenditures – General Fund UR TYPEActual 2012-13 Projected 2013-14 Salaries $ 23,527,891 $ 23,278,765 -1.06% Benefits $ 8,214,391 $ 8,038,392 -2.14% Services $ 4,976,654 $ 4,997,839 +.43% Supplies $ 918,673 $ 931,783 +1.4% Capital/Other $ 862,252 $ 728,933 - 16 % TOTAL $ 38,499,862 $ 37,975,713 -1.36%

9. Expenditures – General Fund UR Expenditures show a 1.36% decrease, 33% of the $524,149 decrease is on the area of Benefits (Health Insurance) Salaries decreased by 1.06% Still – Expenses decreased slower than revenue Need to make the District more efficient

10. Reserved Fund Balances FUNDActual 2012-13 Projected 2013-14 Health & Safety $ (1,127,854)$ (948,164) Operating Capital $ 646,474$ 920,873 Non-spendable $ 77,321 Staff Development $ 38,724$ 2,163 Student Activities $ 195,085 QZAB/Other $ 2,716,288$ 1,116,956 TOTAL $ 2,546,037$ 1,364,234

11. Other Fund Balances FUNDActual 2012-13 Projected 2013-14 School Nutrition $ 352,356$ 236,059 13.59% Community Services $ 374,375$ 325,243 16.66% Construction $ 386,668$ 290,169 Debt Service $ 496,544$ 396,806 OPEB Trust/Debt $ 6,959,785$ 6,371,974 TOTAL ALL $ 18,331,287$ 15,002,376

12. 2014-15 Budget The Fund Balance goal is two months of operating expenses or 16.67% KEY ASSUMPTIONS – ENROLLMENT - 3,110 – BENEFIT COSTS – Health Insurance Increases – $3.7 M Spent on Medical Insurance – FUNDING FORMULA – House proposed $58 – CONTRACT SETTLEMENTS

14. 2014-15 Budget With the increase in Kindergarten funding, we were able to avoid major cuts Fund balance should be back over 16% Some additions are needed Will be balanced by reductions and revenue increases Board will be presented budget in late May or early June

15. 2014-15 Budget WAIT……….WAIT………WAIT…………..WAIT Major Decisions by Legislature – FUNDING FORMULA – House proposes another Point (1%). Increases WAPS Gen Ed Aid by about $200,000 – Early Childhood Funding – Senates Proposal looks to increase

16. Next Steps Approve 2013-14 Revised Budget – which establishes the beginning fund balance April 22, 2014 Meeting Implement Budget Additions and Reductions in 2015 Budget Wait for Minnesota Legislature Finalize State and Federal Revenues Approve 2014-15 Preliminary Budget in June