"Explore the enrollment trends in the Edgewood-Colesburg School District for FY 2024, including headcount, special education weightings, and supplementary weightings. Discover insights on total weighted enrollment and preschool budget enrollment changes compared to the previous year."
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ENROLLMENT We ll first look at the categories of enrollment as they impact our district. Our Headcount enrollment is the number of resident students. This number does not take into account the impact of open enrollment but serves as the primary driver of the amount of state funding we receive. Special Education Weightings are the additional amount we get to count a student for purposes of the state funding formula. An increase in weightings means more funds to support out students with special needs.
ENROLLMENT Supplementary Weightings are other subgroups of students that the funding formula allots additional funds. This can include English Language Learners, sharing, or reorganization incentives. Preschool Budget Enrollment is the number of students we count for purposes of 4 year old preschool. This number represents 50 percent of the actual number of children served (the state only provides 50% of the cost of K-12 students). Let s look at each of these in turn.
ENROLLMENT The Edgewood- Colesburg School District's Headcount Enrollment increased by 2.0 students. This is an increase of 0.5% compared to FY 2023. Headcount Enrollment 450.0 401.0 399.0 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 - FY 2023 FY 2024
SPECIAL EDUCATION WEIGHTINGS Special Ed Weightings The Edgewood- Colesburg School District's Special Ed Weightings declined by 4.8 students. This is a decrease of 15.4% compared to FY 2023. 35.0 31.4 30.0 26.5 25.0 20.0 15.0 10.0 5.0 - FY 2023 FY 2024
SUPPLEMENTARY WEIGHTINGS The Edgewood- Colesburg School District's Supplementary Weightings declined by 1.7 students. This is a decrease of 7.8% compared to FY 2023. Supplementary Weightings 25.0 22.1 20.4 20.0 15.0 10.0 5.0 - FY 2023 FY 2024
TOTAL WEIGHTED ENROLLMENT Weighted Enrollment The Edgewood- Colesburg School District's Weighted Enrollment declined by 4.6 students. This is a decrease of 1.0% compared to FY 2023. 500.0 452.5 447.9 450.0 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 - FY 2023 FY 2024
PRESCHOOL ENROLLMENT Preschool Budget Enrollment The Edgewood- Colesburg School District's Preschool Budget Enrollment increased by 1.5 students. This is an increase of 9.1% compared to FY 2023. 20.0 18.0 18.0 16.5 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 - FY 2023 FY 2024
SPENDING AUTHORITY The state funding formula provides us spending authority . We are limited in total spending by the number of students we have times what each student is worth (as set by the General Assembly). There are a number of components of our General Fund spending authority that are set by the state, these include the following:
SOURCES OF SPENDING AUTHORITY + Regular Program District Cost (RPDC) + Budget Guarantee + RPDC with Budget Guarantee + Supplementary Weighting District Cost + Special Education District Cost + Teacher Salary Supplement District Cost + Professional Development District Cost + Early Intervention District Cost + Teacher Leadership Compensation District Cost + AEA District Cost + Dropout Prevention District Cost = Combined District Cost
REGULAR PROGRAM DISTRICT COST (RPDC) Regular Program District Cost The Edgewood- Colesburg School District's Regular Program District Cost increased by $103,848. This is an increase of 3.5% compared to FY 2023. 3,500,000.0 3,000,000.0 2,500,000.0 2,000,000.0 1,500,000.0 1,000,000.0 500,000.0 - FY 2023 FY 2024
SUPPLEMENTARY WEIGHTING DISTRICT COST The Edgewood- Colesburg School District's Supplementary Weighting District Cost declined by $8,331. This is a decrease of 5.1% compared to FY 2023. Supplementary Weighting District Cost Regular Program District Cost Supplementary Weighting 166,000.0 3,500,000.0 180,000.0 160,000.0 164,000.0 3,000,000.0 140,000.0 162,000.0 2,500,000.0 120,000.0 160,000.0 2,000,000.0 100,000.0 158,000.0 1,500,000.0 80,000.0 156,000.0 60,000.0 1,000,000.0 154,000.0 40,000.0 152,000.0 500,000.0 20,000.0 150,000.0 - - FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024
SPECIAL EDUCATION DISTRICT COST Special Education District Cost Regular Program District Cost Special Education District Cost The Edgewood- Colesburg School District's Special Education District Cost declined by $29,994. This is a decrease of 12.9% compared to FY 2023. 250,000.0 3,500,000.0 250,000.0 3,000,000.0 200,000.0 200,000.0 2,500,000.0 150,000.0 2,000,000.0 150,000.0 1,500,000.0 100,000.0 100,000.0 1,000,000.0 50,000.0 50,000.0 500,000.0 - - - FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024
TEACHER SALARY SUPPLEMENT DISTRICT COST TSS District Cost Regular Program District Cost TSS District Cost The Edgewood- Colesburg School District's TSS District Cost increased by $9,031. This is an increase of 3.3% compared to FY 2023. 300,000.0 3,500,000.0 300,000.0 250,000.0 3,000,000.0 250,000.0 2,500,000.0 200,000.0 200,000.0 2,000,000.0 150,000.0 150,000.0 1,500,000.0 100,000.0 1,000,000.0 100,000.0 50,000.0 500,000.0 50,000.0 - - - FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024
PROFESSIONAL DEVELOPMENT DISTRICT COST PD District Cost Regular Program District Cost PD District Cost The Edgewood- Colesburg School District's PD District Cost increased by $1,020. This is an increase of 3.3% compared to FY 2023. 35,000.0 3,500,000.0 35,000.0 30,000.0 3,000,000.0 30,000.0 25,000.0 2,500,000.0 25,000.0 20,000.0 2,000,000.0 20,000.0 15,000.0 1,500,000.0 15,000.0 10,000.0 1,000,000.0 10,000.0 5,000.0 500,000.0 5,000.0 - - - FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024
EARLY INTERVENTION DISTRICT COST The Edgewood- Colesburg School District's Early Intervention District Cost increased by $1,108. This is an increase of 3.3% compared to FY 2023. Early Intervention District Cost Regular Program District Cost Early Intervention District Cost Early Intervention District Cost 40,000.0 3,500,000.0 40,000.0 40,000.0 35,000.0 3,000,000.0 35,000.0 35,000.0 30,000.0 2,500,000.0 30,000.0 30,000.0 25,000.0 2,000,000.0 25,000.0 25,000.0 20,000.0 20,000.0 20,000.0 1,500,000.0 15,000.0 15,000.0 15,000.0 1,000,000.0 10,000.0 10,000.0 10,000.0 5,000.0 500,000.0 5,000.0 5,000.0 Teacher Leadership Compensation District Cost - - - - FY 2023 FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024 FY 2024
TEACHER LEADERSHIP COMPENSATION DISTRICT COST The Edgewood- Colesburg School District's Teacher Leadership Compensation District Cost increased by $5,019. This is an increase of 3.5% compared to FY 2023. 160,000.0 Regular Program District Cost Teacher Leadership Compensation District Cost 140,000.0 3,500,000.0 160,000.0 120,000.0 3,000,000.0 140,000.0 100,000.0 2,500,000.0 120,000.0 80,000.0 2,000,000.0 100,000.0 80,000.0 60,000.0 1,500,000.0 60,000.0 40,000.0 1,000,000.0 40,000.0 20,000.0 500,000.0 20,000.0 - - - FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024
DROPOUT PREVENTION DISTRICT COST Dropout Prevention District Cost Regular Program District Cost Dropout Prevention District Cost The Edgewood- Colesburg School District's Dropout Prevention District Cost increased by $3,651. This is an increase of 3.1% compared to FY 2023. 140,000.0 3,500,000.0 140,000.0 120,000.0 3,000,000.0 120,000.0 100,000.0 2,500,000.0 100,000.0 80,000.0 2,000,000.0 80,000.0 60,000.0 1,500,000.0 60,000.0 40,000.0 1,000,000.0 40,000.0 20,000.0 500,000.0 20,000.0 Combined District Cost - - - 4,500,000.0 FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024
COMBINED DISTRICT COST 4,000,000.0 Regular Program District Cost Combined District Cost The Edgewood- Colesburg School District's Combined District Cost increased by $108,473. This is an increase of 2.6% compared to FY 2023. 3,500,000.0 3,500,000.0 4,500,000.0 3,000,000.0 3,000,000.0 4,000,000.0 2,500,000.0 3,500,000.0 2,000,000.0 2,500,000.0 3,000,000.0 1,500,000.0 2,000,000.0 2,500,000.0 1,000,000.0 1,500,000.0 2,000,000.0 500,000.0 1,500,000.0 1,000,000.0 1,000,000.0 - FY 2023 FY 2024 500,000.0 500,000.0 - - FY 2023 FY 2023 FY 2024 FY 2024
FINAL COMMENTS ON SPENDING AUTHORITY The district faces challenges: Changes in enrollment have to be monitored and adjustments to the budget made as needed. Increase in State Supplemental Aid are not keeping up with inflation.
PROPERTY TAXES FOR THE GENERAL FUND The funding per student is paid for by a combination of local property tax dollars and funds from the state ( state aid ). Statewide, property taxes make up about one third of total funding in our General Fund (where we pay for teachers and most of our non-facility related programs). The mix of property tax and state aid is determined by formula, a district with lower valuation will have higher tax rates than a district with more property value.
GENERAL FUND PROPERTY TAX COMPONENTS There are 5 components of a school district s General Fund property tax rate. They include: +Uniform Levy +Additional Levy +Instructional Support Levy (optional) +Cash Reserve Levy SBRC (only if fund balance < 20%) +Cash Reserve Levy Other (only if fund balance < 20%) = Total General Fund Levy
UNIFORM LEVY PROPERTY TAXES Regular Program District Cost Regular Program District Cost Uniform Levy Uniform Levy The Edgewood- Colesburg School District's Uniform Levy increased by $5,946. This is an increase of 0.6% compared to FY 2023. 1,200,000.0 3,500,000.0 3,500,000.0 1,200,000.0 1,000,000.0 3,000,000.0 3,000,000.0 1,000,000.0 2,500,000.0 2,500,000.0 800,000.0 800,000.0 2,000,000.0 2,000,000.0 600,000.0 1,500,000.0 1,500,000.0 600,000.0 400,000.0 1,000,000.0 1,000,000.0 400,000.0 200,000.0 500,000.0 500,000.0 200,000.0 - - - - FY 2023 FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024 FY 2024
ADDITIONAL LEVY PROPERTY TAXES Additional Levy Regular Program District Cost Regular Program District Cost Additional Levy The Edgewood- Colesburg School District's Additional Levy increased by $1,680. This is an increase of 0.3% compared to FY 2023. 600,000.0 3,500,000.0 3,500,000.0 600,000.0 500,000.0 3,000,000.0 3,000,000.0 500,000.0 2,500,000.0 2,500,000.0 400,000.0 400,000.0 2,000,000.0 2,000,000.0 300,000.0 300,000.0 1,500,000.0 1,500,000.0 200,000.0 1,000,000.0 1,000,000.0 200,000.0 100,000.0 500,000.0 500,000.0 100,000.0 - - - - FY 2023 FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024 FY 2024
TOTAL CASH RESERVE LEVY PROPERTY TAXES Total Cash Reserve Levy Regular Program District Cost Total Cash Reserve Levy $1 3,500,000.0 $1 $1 3,000,000.0 $1 The Edgewood- Colesburg School District's Total Cash Reserve Levy remained unchanged. $1 $1 $1 2,500,000.0 $1 $1 2,000,000.0 $1 $1 1,500,000.0 $1 $0 $0 $0 1,000,000.0 $0 $0 $0 500,000.0 $0 $0 $- $- - FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024
TOTAL GENERAL FUND LEVY PROPERTY TAXES Total General Fund Levy Regular Program District Cost Total General Fund Levy The Edgewood- Colesburg School District's Total General Fund Levy increased by $13,304. This is an increase of 0.8% compared to FY 2023. 2,000,000.0 3,500,000.0 2,000,000.0 1,800,000.0 3,000,000.0 1,800,000.0 1,600,000.0 1,600,000.0 1,400,000.0 2,500,000.0 1,400,000.0 1,200,000.0 1,200,000.0 2,000,000.0 1,000,000.0 1,500,000.0 1,000,000.0 800,000.0 800,000.0 600,000.0 1,000,000.0 600,000.0 400,000.0 500,000.0 400,000.0 200,000.0 200,000.0 - - - FY 2023 FY 2023 FY 2023 FY 2024 FY 2024 FY 2024
GENERAL FUND PROPERTY TAX RATE General Fund Levy Rate Comparison $10.0000 $9.0620 $9.0475 $ $ $9.0000 $ $ $1.0475 $1.0268 $8.0000 $7.0000 $2.6145 $2.6109 Cash Reserve - General $6.0000 Cash Reserve - SBRC $5.0000 ISL $4.0000 Additional Levy $3.0000 Uniform Levy $5.4000 $5.4000 $2.0000 $1.0000 $ FY 2023 FY 2024
LEVIES OUTSIDE OF THE GENERAL FUND There are certain funding sources available to districts outside of the General Fund. The maximum amounts and permissible uses are governed by the Code of Iowa. The following charts show the expected revenue and expenditure totals for each fund as well as the impact on the fund balance. A summary chart of the property tax rate for these levies is contained at the end of this section.
NON GENERAL FUND LEVIES Management Fund PPEL Fund PERL Fund Activity Fund Capital Projects Fund Debt Service Funds Nutrition Funds Sales Tax Funds
MANAGEMENT FUND Management Fund FY 2024 Management Fund FY 2024 $250,000 $1,000,000 $200,000 $800,000 $600,000 $150,000 $400,000 $100,000 $200,000 $- $50,000 Beginning Balance Ending Balance $- Revenues Expenditures For FY 2024 it is expected that the Management Fund will have revenues of $1,000 and expenditures of $211,750 leaving an estimated fund balance on June 30, 2024 of $590,481. This is a decrease of $210,750 compared to FY 2023.
PHYSICAL PLANT & EQUIPMENT LEVY (PPEL) FUND PPEL Fund FY 2024 PPEL Fund FY 2024 $1,000,000 $400,000 $300,000 $500,000 $200,000 $100,000 $- Beginning Balance Ending Balance $- Revenues For FY 2024 it is expected that the PPEL Fund will have revenues of $334,736 and expenditures of $239,560 leaving an estimated fund balance on June 30, 2024 of $937,407. This is an increase of $95,176 compared to FY 2023.
ACTIVITY FUND Activity Fund FY 2024 Activity Fund FY 2024 $200,000 $320,000 $150,000 $300,000 $100,000 $50,000 $280,000 $- $260,000 Beginning Balance Ending Balance Revenues Expenditures For FY 2024 it is expected that the Activity Fund will have revenues of $278,100 and expenditures of $307,229 leaving an estimated fund balance on June 30, 2024 of $119,133. This is a decrease of $29,129 compared to FY 2023.
DEBT SERVICE FUND Debt Service Fund FY 2024 Debt Service Fund FY 2024 $1,500,000 $1 $1,000,000 $1 $500,000 $- Beginning Balance Ending Balance $- Revenues Expenditures For FY 2024 it is expected that the Debt Service Fund will have revenues of $1,083,175 and expenditures of $1,083,175 leaving an estimated fund balance on June 30, 2024 of $. This is no change compared to FY 2023.
NUTRITION FUND Nutrition Fund FY 2024 Nutrition Fund FY 2024 $420,000 $165,000 $160,000 $415,000 $155,000 $410,000 $150,000 $405,000 $145,000 $400,000 Beginning Balance Ending Balance Revenues Expenditures For FY 2024 it is expected that the Nutriton Fund will have revenues of $408,035 and expenditures of $417,150 leaving an estimated fund balance on June 30, 2024 of $150,275. This is a decrease of $9,115 compared to FY 2023.
SALES TAX FUND Sales Tax Fund FY 2024 Sales Tax Fund FY 2024 $15,000,000 $15,000,000 $10,000,000 $10,000,000 $5,000,000 $5,000,000 $- Beginning Balance Ending Balance $- Revenues Expenditures For FY 2024 it is expected that the Sales Tax Fund will have revenues of $2,994,850 and expenditures of $13,047,516 leaving an estimated fund balance on June 30, 2024 of $660,539. This is a decrease of $10,052,666 compared to FY 2023.
NON GENERAL FUND PROPERTY TAX RATES Non-General Fund Property Tax Rates $4.5000 $4.1124 $4.0000 $3.5000 $3.0000 $2.5000 $2.0000 $1.5000 $0.9326 $0.9170 $0.8345 $1.0000 $0.3300 $0.3300 $0.5000 $ $ $ $ $ Management Voted PPEL Bd App. PPEL FY 2024 PERL Debt Service FY 2023
TOTAL PROPERTY TAX RATE Total Property Tax Levy Rate $16.0000 $14.4215 $14.0000 $12.0000 $11.1447 $10.0000 $8.0000 $6.0000 $4.0000 $2.0000 $- FY 2023 FY 2024
CERTIFIED BUDGET EXPENDITURES AND TOTAL PROPERTY TAX RATE Listed below are the amounts the district is certifying for expenditures. These amounts represent all funds combined. These are important because the district may not exceed the published amounts without amending the budget. The total property tax rate is included here as well. Additional detail is contained in the published budget. Budget Year Re-Estimated Actual Percent Change 4.3% 6.9% 4.2% 317.7% Expenditure Category *Instruction 31A *Total Support Services (lines 25-32) 32 *Noninstructional Programs 35A *Total Other Expenditures (lines 34-36) FY 2024 4,927,608 $ 2,957,327 $ 417,150 $ 13,850,350 $ FY 2023 4,831,727 $ 2,775,251 $ 405,600 $ 1,142,727 $ FY 2022 4,529,657 $ 2,589,887 $ 384,527 $ 793,664 $ 24 42 $ 14.42145 Proposed Property Tax Rate (per $1,000 taxable valuation)
QUESTIONS AND CONTACT Thanks for taking the time to understand the district s FY 2024 budget. Please let us know if you have any questions or comments. Contact info: Rob Busch, Superintendent, 563-928-6411 Joyce Piorkowski, Business Manager, 563-245-1751 Melissa Conner, Board Secretary, 563-928-6411
