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Winona Area Public Schools 2014-15 Preliminary Budget As of June 19, 2014
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Winona Area Public Schools 2015 Preliminary Budget What’s New? Budget Book – explains revenue sources and program expenditures Pupil Weightings Revenues – Full K Funding SPED Subsidy Aid
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Winona Area Public Schools 2015 Preliminary Budget Budget Process Cycle runs from Fall of 2013 to Winter of 2015 From Initial Discussions to Audit
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Winona Area Public Schools 2015 Preliminary Budget General Fund Does not include : School Nutrition Community Ed Construction Debt Service Agency OPEB
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Winona Area Public Schools 2015 Preliminary Budget General Fund Revenues THREE BROAD SOURCES 1)State Aids 2)Federal Aids 3)Local Sources
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REVENUES
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Winona Area Public Schools 2015 Preliminary Budget General Fund Revenues #1 Driver of GF Revenue ENROLLMENT 2015 Budgeted Enrollment 3,095 ADM’s (including SPED EC) BASIC FORMULA AID $19,806,003
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Revenues – General Fund TYPEProjected 2013-14 Projected 2014-15 Local Taxes $ 6,812,484 $ 7,250,145 +6.42% State Aids $ 27,111,578 $ 28,142,305 +3.80% Federal Aids $ 1,528,443 $ 1,461,209 -4.4% Local Revenue $ 1,880,451 $ 1,508,290 -19.9% TOTAL $ 37,332,957 $ 38,361,948 +2.76%
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Winona Area Public Schools 2015 Preliminary Budget Expenditures Salaries Benefits Services Supplies Equipment & Capital Other
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Winona Area Public Schools 2015 Preliminary Budget Expenditures by Type Salaries$ 24,072,395 Benefits$ 8,392,359 Services$ 4,708,374 Supplies$ 819,643 Equipment & Capital$ 536,693 Other$ 264,713 Total$ 38,794,492
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Expenditures
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Expenditures by Program
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Expenditures – General Fund UR TYPEProjected 2013-14 Projected 2014-15 Salaries $ 23,641,880 $ 24,072,935 +1.8% Benefits $ 8,025,645 $ 8,392,359 +4.6% Services $ 5,149,292 $ 4,708,689 -8.6% Supplies $ 901,981 $ 819,643 -9.1% Capital/Other $ 778,638 $ 801,406 +10% TOTAL $ 38,497,436 $ 38,794,492 +.8%
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Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund Some new Programs and Expenditures were requested. Those could not be added without a corresponding expenditure decrease or revenue increase. This budget includes the following changes:
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Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund Additions:Estimated Cost Technology Integrationist$ 75,000 School Based Mental Health$ 28,550 Pre-School Generalist Shift$ 46,052 Pathways Program Cost Incr$ 13,000 Elementary Counseling (.3)$ 17,100 WMS.5 Teacher (Spanish)$ 26,000 Total$205,702
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Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund ReductionsEst Savings Grant Resource Office$53,000 High School Teaching FTE$ 52,000 Elementary Teaching FTE$ 52,000 EL Teaching.5 FTE$ 26,000 Assistive Tech.2 FTE$ 10,000 Season Pass Cost Increase$ 5,000 Student Parking Fees Increase$ 3,000 Total$ 201,000
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Winona Area Public Schools 2015 Preliminary Budget Unreserved General Fund REVENUES$ 38,361,949 EXPENDITURES$ 38,794,492 QZAB Payment$ 77,000 NET$ (509,544) Projected ending 2015 Fund Balance $ 5,486,399 14.14%
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Future Budgets The Fund Balance goal is two months of operating expenses or 16.67% After 2015, the fund balance will be about 2.5% below that target, which is in accordance with contract settlement targets With declining revenues due to declining enrollment, it is estimated $2,900,000 in budget adjustments will have to be made over the next four years in 2016-2019, factors include: Enrollment – dropping 226 students in five years Class Size Contract Settlements State Funding - Assuming 1% formula increase Site Plans
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Next Steps 2013-14 Audit Produces beginning fund balances Project Enrollment from 2015-2019 Five-Year forecast Budget Reduction Process QUESTIONS
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