stoughton area school district€¦ · rev trust) fund 27 (special ed) fund 39 (referendum debt)...
TRANSCRIPT
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STOUGHTON AREA SCHOOL DISTRICT
2019-20 Annual MeetingOctober 21, 2019
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CALL MEETING TO ORDER
Francis SullivanSchool Board President
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INTRODUCTIONS
Board MembersStudent Advisory Member
District AdministratorDirector of Business Services
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DISTRICT ADMINISTRATOR’S OVERVIEW
Tim Onsager, Ed. DDistrict Administrator
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ELECTION OF CHAIRPERSON
Election of Chairperson
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PRESENTATION OF THE 2019-20 BUDGET AND TAX LEVY
Erica J. Pickett, SFODirector of Business Services
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2018-19 PRIOR YEAR REVIEWFund 10
(General)Fund 21 (Spec
Rev Trust)Fund 27
(Special Ed)Fund 39
(Referendum Debt)
Fund 41 (Capital Expansion)
Revenues 41,137,316 686,767 6,693,175 1,475,670 579,484
Expenses 40,338,676 708,383 6,693,175 1,532,025 210,261
Cash Balance 9,157,000 309,598 554,876 536,866 1,531,257
Fund 46(LT Cap Improv
Trust)
Fund 49(Other Cap Projects)
Fund 50(Food Service)
Fund 80(Community
Service)
Fund 90 (Pkg & Co-op Program)
Revenues 401,736 5,705 985,608 201,076 39,303
Expenses 0 8,282 961,967 266,387 39,303
Cash Balance 2,624,496 251,551 298,025 89,105 0
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REVENUE LIMIT VARIABLES
Variable 2018-19 2019-20 Change
September Membership 3,021 2,976 (1.5%)
Equalized Valuation $2,265,438,737 $2,388,539,110 5.4%
Base Revenue Limit per Pupil
$11,400 $11,575 1.5%
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SEPTEMBER MEMBERSHIP HISTORY
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2019-20 REVENUE LIMIT
Allowable Revenue Limit $36,255,568
Less: Certified General State Aid (11,857,470)
Less: State Aid for Exempt Computers & Personal Property (180,487)
Maximum Levy (Funds 10, 38, and 41) 24,217,611
Add: Debt Service Levy (Fund 39) 1,445,310
Add: Community Service Levy (Fund 80) 189,996
Add: Prior Year Levy Chargeback 1,053
Maximum Allowable School Levy 25,853,970
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REVENUE LIMIT HISTORY
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EQUALIZED VALUATION HISTORY
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GENERAL STATE AID HISTORY
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PER PUPIL AID HISTORY
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2019-20 REVENUE BUDGET BY SOURCE - GENERAL (10) AND SPEC. ED (27) FUNDSDescription General Fund (10) Spec. Ed Fund (27) Total % of Budget
(excludes fund 27 operating transfer)
211 Tax Levy $23,662,865 $0 $23,662,865 56.0%
200 Other Local 393,980 0 393,980 0.9%
300 Interdistrict 581,321 0 581,321 1.4%
621 General State Aid 11,857,470 0 11,857,470 28.1%
600 State 2,704,567 1,460,225 4,164,792 9.9%
700 Federal 736,842 761,075 1,497,917 3.5%
800-900 Cap Lease & Other 105,234 0 105,234 0.2%
Total $40,042,279 $2,221,300 $42,263,579 100%
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2019-20 REVENUE BUDGET BY SOURCE - GENERAL (10) AND SPEC. ED (27) FUNDS
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2019-20 REVENUE BUDGET BY SOURCE - GENERAL (10) AND SPEC. ED (27) FUNDS
Year General State Aid
Tax Levy Other State Sources
Federal Sources All Other Sources
2019-20 28.1% 56.0% 9.9% 3.5% 2.5%
2018-19 31.1% 52.8% 9.2% 3.5% 3.4%
2017-18 34.0% 52.0% 7.3% 3.7% 3.0%
2016-17 36.2% 51.4% 5.9% 3.6% 2.9%
2015-16 38.2% 50.4% 4.9% 3.8% 2.7%
2014-15 40.2% 48.2% 4.8% 4.1% 2.7%
2013-14 40.1% 48.6% 4.3% 4.1% 2.9%
2012-13 39.8% 50.0% 3.9% 3.6% 2.7%
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2019-20 EXPENSE BUDGET BY OBJECT - GENERAL (10) AND SPEC. ED (27) FUNDS
Description General Fund (10) Special Education Fund (27) Total % of Net Budget
100 Salaries $18,580,219 $4,455,923 $23,036,142 54.5%
200 Benefits 7,353,750 2,108,131 9,461,881 22.4%
300 Purchased Services 6,160,434 445,539 6,605,973 15.6%
400 Non-capital Objects 1,324,066 33,400 1,357,466 3.2%
500 Capital Objects 897,095 0 897,095 2.1%
600 Debt Retirement 116,663 0 116,663 0.3%
700 Insurances 331,517 0 331,517 0.8%
800 Fund Transfers 5,171,693 0 5,171,693 0.8%
900 Other Objects 106,642 0 106,842 0.3%
Total $40,042,279 $7,042,993 47,085,272
Fund 27 Transfer $(4,821,693)
Net Budget Total $42,263,579 100.0%
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2019-20 EXPENSE BUDGET BY OBJECT - GENERAL (10) AND SPEC. ED (27) FUNDS
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2019-20 EXPENSE BUDGET BY FUNCTION - GENERAL (10) AND SPEC. ED (27) FUNDS
Description Fund 10 Fund 27 Total % of Net Budget
100000 Instruction $17,658,600 $5,293,458 $22,952,058 54.3%
200000 Support Services 15,203,534 1,370,402 16,573,936 39.2%
400000 Non-program 7,180,145 379,133 7,559,278 6.5%
Total $40,042,279 $7,042,993 47,085,272
Fund 27 Transfer (Non-program)
$(4,821,693)
Net Budget Total $42,263,579 100.0%
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2019-20 EXPENSE BUDGET BY FUNCTION - GENERAL (10) AND SPEC. ED (27) FUNDS
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DEBT SERVICE SCHEDULE - FUND 39
Budget Year Payment Levy
2019-20 $1,535,050 $1,445,310
2020-21 $1,553,175 $1,549,800
2021-22 $1,561,425 $1,557,881
2022-23 $1,569,338 $1,492,169
The district’s Fund 39 debt service will be paid off on March 1, 2023. Total principal outstanding as of July 1, 2019 is $5,525,000.
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TAX LEVY AND RATE SUMMARY2018-19 Levy 2018-19 Rate 2019-20 Levy 2019-20 Rate
General Operating (10) $22,803,406 $10.07 $23,662,865 $9.91
Capital Expansion (41) 543,869 $0.24 554,746 $0.23
Total Revenue Limit Levy 23,347,275 $10.31 $24,217,611 $10.14
Referendum Approved Debt (39) 1,370,902 $0.61 1,445,310 $0.61
Community Service (80) 100,000 $0.04 189,996 $0.08
Prior Year Chargeback 1,082 $0.00 1,053 $0.00
Total Levy & Rate $24,819,259 $10.96 $25,853,970 $10.83
Prior Year Increase/(Decrease) ($0.13)
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TAX LEVY HISTORY
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MILL RATE HISTORY
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TAX LEVY IMPACT ON RESIDENTIAL TAXPAYER
School Year Home Value Mill Rate School Tax
2018-19 $200,000 $10.96 $2,192
2019-20 $210,647 $10.83 $2,284
$ Increase / (Decrease) $10,868 ($0.13) $92
% Increase / (Decrease) 5.4% (1.2%) 4.2%
Estimated Homeowner Impact
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BUDGET HEARING
Questions on the2019-20 Budget
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ADOPTION OF TAX LEVY
Be it resolved that there be levied a tax in the amount of $25,853,970 upon all taxable property located in the Stoughton Area School District in the City of Stoughton and the Townships of Albion, Christiana, Cottage Grove, Deerfield, Dunkirk, Dunn, Pleasant Springs, and Rutland in the County of Dane; and, in the Townships of Porter and Union in the County of Rock, State of Wisconsin for the 2019-20 school year.
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ADOPTION OF RESOLUTION TO APPROVE BOARD MEMBER SALARIES
The Board of Education members of the Stoughton Area School District currently receive the following salaries:
Position Amount
President $2,799
Vice President $2,548
Clerk $2,548
Treasurer $2,548
Members who are committee chairs and not officers $2,370
Other members $2,295
Additional stipend for employee relations committee members $200
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ADOPTION OF RESOLUTION TO APPROVE BOARD MEMBER SALARIES
Be it resolved that the Board of Education members of the Stoughton Area School District receive $______ in salary for the 2019-20 school year.
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ADOPTION OF RESOLUTION TO APPROVE REIMBURSEMENT OF BOARD MEMBER TRAVEL
EXPENSESBe it resolved that the members of the Board of Education of the Stoughton Area School District be reimbursed for payment of actual and necessary travel expenses incurred while traveling in the performance of duties.
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ADOPTION OF RESOLUTION TO SCHEDULE 2020 ANNUAL MEETING
Be it resolved that the next Annual Meeting of the Stoughton Area School District be scheduled for 6:00 p.m., October 26, 2020.
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SOURCES OF STOUGHTON SCHOOL DISTRICT BUDGET INFORMATION
Annual Meeting HandoutsDistrict Web Site: www.stoughton.k12.wi.us
District Business Services Office320 North Street
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STOUGHTON AREA SCHOOL DISTRICT ANNUAL MEETING
Adjournment