2. CHIPPEWA FALLS AREA UNIFIED SCHOOL DISTRICT 2008-2009 PROPOSED BUDGET

3. BUDGET PROCESS

4. BUDGET PROCESS NOVEMBER ENROLLMENT PROJECTION FOR NEXT YEAR 5-YEAR BUDGET FORECAST WORK ON FUTURE PROGRAM/FACILITY NEEDS MONITOR CURRENT BUDGET USE STRATEGIC PLANNING PROCESS TO GUIDE FUTURE ACTIONS

5. BUDGET PROCESS DECEMBER ESTIMATE NEXT FISCAL YEARS REVENUE LIMIT ESTIMATE CATEGORICAL AID AND LOCAL REVENUES DEVELOP BUILDING ALLOCATIONS PREPARE BUDGET MATERIALS FOR SITES (CATALOGS, ORDER FORMS, INFORMATION PACKETS, ETC. BID DOCUMENTS FOR SUPPLIES AND EQUIPMENT DEVELOPED AND SENT OUT

6. BUDGET PROCESS (CONT) JANUARY BIDS RECEIVED FOR SUPPLIES FINALIZE BUILDING ALLOCATIONS MEET WITH BUILDING ADMINISTRATORS TO REVIEW BUILDING ALLOCATIONS DISTRIBUTE BUDGET MATERIALS TO BUILDING ADMINSTRATORS REVIEW & UPDATE REVENUE LIMIT WORKSHEET BEGIN PLANNING FOR A BUDGET REDUCTION (IF NECESSARY)

7. BUDGET PROCESS (CONT) FEBRUARY BUILDING ADMINISTRATORS MEET WITH DEPARTMENT HEADS, TEAMS AND STAFF TO BEGIN SITE BUDGET PROCESS GATHER STAFF INPUT INTO BUDGET CONSIDERATION OF SITE TEAM (REACh) STRATEGIC PLANNING GOALS BASED ON DISTRICT ACHIEVEMENT GOALS FORMS DISTRIBUTED AND NEEDS ANALYZED CENTRAL OFFICE REVIEWS MAINTENANCE/ OPERATION COSTS AND PROJECTS NEW YEAR COSTS

8. BUDGET PROCESS (CONT) MARCH REVIEW & UPDATE REVENUE LIMIT WORKSHEET BEGIN NEW YEAR STAFFING PROCESS SITE BUDGET MATERIALS COMPLETED SITES SUBMIT BUDGETS TO CENTRAL OFFICE PROJECT SALARY & FRINGE BENEFIT COSTS FOR PROPOSED STAFFING PLAN INPUT BUDGET DATA STAFFING PLAN PRESENTED TO THE BOARD FOR APPROVAL

9. BUDGET PROCESS (CONT) APRIL CONTINUE TO INPUT BUDGET DATA SUMMER MAINTENANCE PLANS BUDGETED SUPPLY ORDERS PREPARED MAINTENANCE BUDGET FINALIZED FIRST DRAFT OF PROPOSED BUDGET PRESENTED TO THE BOARD FOR APPROVAL

10. BUDGET PROCESS (CONT) MAY UPDATE REVENUE LIMIT WORKSHEET PUBLIC FORUM ON REDUCTIONS (IF NECESSARY) BOARD FINALIZES REDUCTIONS PURCHASE ORDERS PREPARED FOR SUPPLIES BUDGET ADJUSTMENTS MADE AFTER REDUCTIONS (IF NECESSARY)

11. BUDGET PROCESS (CONT) JUNE ANALYSIS OF CURRENT YEAR BUDGET AND ITS IMPACT ON NEW BUDGET DEVELOPMENT OF BUDGET HEARING BOOK PURCHASE ORDERS SENT OUT

12. BUDGET PROCESS (CONT) JULY/AUGUST/SEPTEMBER PREPARATION OF BUDGET PUBLICATION PREPARATION OF BUDGET HEARING BOOK FINAL REVIEW AND CLOSE OUT OF CURRENT BUDGET AUDITORS FINAL CLOSE OUT OF CURRENT YEAR AUDIT REPORT

13. BUDGET PROCESS (CONT) SEPTEMBER/OCTOBER PUBLICATION OF PROPOSED BUDGET SUBMISSION OF 2007-2008 AUDIT ANNUAL BUDGET HEARING THIRD FRIDAY MEMBERSHIP NUMBER OCTOBER EQUALIZED VALUATION CERTIFICATION OF EQUALIZATION AID ADOPTION OF FINAL LEVY

14. TOTAL BUDGET $50,022,114.13

15. EXPENDITURES

17. Budget UNKNOWNS THIRD FRIDAY MEMBERSHIP COUNT THIRD FRIDAY MEMBERSHIP COUNT STATE EQUALIZATION AID STATE EQUALIZATION AID EQUALIZED VALUATION OF DISTRICT EQUALIZED VALUATION OF DISTRICT FINAL ALLOWABLE LEVY FINAL ALLOWABLE LEVY COMPUTER AID ADJUSTMENT COMPUTER AID ADJUSTMENT BIENNIAL BUDGET PROCESS?BIENNIAL BUDGET PROCESS?

18. BUDGETING CHANGES OLD THE DISTRICT DETERMINES ITS EDUCATIONAL NEEDS AND LEVIES THE AMOUNT OF MONEY NECESSARY TO MEET THOSE NEEDS. NOW THE DISTRICT DETERMINES WHAT REVENUES ARE AVAILABLE AND TRIMS ITS NEEDS TO FIT WITHIN AVAILABLE REVENUES

19. REVENUE LIMITS

20. REVENUE LIMIT FORMULA BASED ON FORMULA WHICH INCLUDES –PRIOR YEAR BASE –3 YEAR ENROLLMENT AVG –$274.68 PER STUDENT INCREASE THIS YR ONLY –STATE AID –TRANSFER OF SERVICE UNCERTAINTIES –3RD FRIDAY MEMBERSHIP –FINAL STATE AID BASED ON ANNUAL REPORTS OF ALL SCHOOL DISTRICTS –EQUALIZED VALUATION –2008 EXEMPT COMPUTER PROPERTY VALUATION –COMPUTER AID

21. REVENUES REVENUES ARE GENERATED FROM LEVY, STATE AID, LOCAL $ AND FEDERAL AID $50,022,114.13

23. REVENUES $30,623,598 STATE SOURCES » State equalization Aid » State categorical Aid » Transportation Aid » Library Aid » Special Project Grants

24. STATE EQUALIZATION AID 2007-2008 $28,576,418 2008-2009 $30,046,584

25. REVENUES (CONT) $17,776,153 LOCAL SOURCES » LEVY » INTEREST INCOME » GATE RECEIPTS » RENTALS, FEES, ETC.

26. REVENUES (CONT) $1,146,721 FEDERAL AID » TITLE PROGRAMS » ESEA-NCLB » CARL PERKINS » ATOD PREVENTION

27. 2008-2009 LEVY $18,004,872 +6.82% Increase of $1,228,800 TAX RATE $7.56 +2.39%

28. TAX RATE COMPARISON 2007-20082008-2009 $ 7.38$ 7.56 $ 6.94 FUND 10$ 7.25 FUND 10 $ 0.30 FUND 30$ 0.18 FUND 30 $ 0.14 FUND 80$ 0.13 FUND 80

29. $100,000 HOME TAX IMPACT TAX OF $756 Increase of $18 2.39%

30. QUICK FACTS Expenditures Revenues State Aid Tax Levy Revenue Cap Equalized Value Mill Rate 6.15% 5.56% 4.89% 6.82% 6.17% 4.52% 2.39%

31. QUESTIONS?DISCUSSION?