Proposed Budget 2023-24 for Student and Community Growth
The proposed budget for the 2023-24 fiscal year focuses on enhancing the growth and development of all students, families, and the community. It covers major budget factors, state equalization aid, property valuation, revenue limits, enrollment trends, and operational referendum details.
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Committed to the growth of ALL: Students, Families, Community 2023-24 Proposed Budget
DISTRICT BUDGET Fiscal Year: July 1 - June 30 Budget Finalized in October by School Board
Major Budget Factors Property Value October 1 Student Enrollment - 3rd Friday in September Private School Voucher Aid Deduction October 15 State Aid - October 15 District Adjustments
State Equalization Aid 15,000,000 14,500,000 $14,043,036 $13,963,440 14,000,000 13,500,000 13,000,000 12,500,000 12,000,000 11,500,000 11,000,000
PROPERTY VALUATION 2,500,000,000 13.1% 1,989,478,238 2,000,000,000 1,758,868,062 1,554,577,787 1,389,533,652 1,437,880,324 1,273,804,003 1,500,000,000 1,184,213,684 1,140,177,336 1,263,139,024 1,245,693,492 1,305,505,977 1,209,504,548 1,147,127,852 1,158,687,367 1,000,000,000 500,000,000 0
Revenue Limit Membership 2,600 2,496 2,500 2,473 2,449 2,419 2,409 2,400 2,386 2,400 2,278 2,300 2,230 2,219 2,200 2,136 2,110 2,065 2,100 2,024 2,000
ENROLLMENT -- PREVIOUS & PROJECTED FUTURE (4k, PAA not included) Level Kind. 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th Total 17-18 18-19 19-20 20-21 21-22 22-23 23-24 24-25 25-26 26-27 127 155 133 151 162 149 174 177 203 188 195 191 210 2215 138 130 164 133 140 165 156 171 184 202 183 181 195 2142 158 140 127 161 126 139 167 154 180 207 204 172 194 2129 131 147 134 131 148 130 123 163 148 196 198 191 169 2009 137 135 137 142 120 149 122 122 160 158 190 177 187 1936 119 150 131 139 137 120 156 131 120 186 143 180 177 1889 119 119 150 131 139 137 120 156 131 140 186 143 180 1851 119 119 119 150 131 139 137 120 156 151 140 186 143 1810 119 119 119 119 150 131 139 137 120 176 151 140 186 1806 119 119 119 119 119 150 131 139 137 140 176 151 140 1759 2116 (proj.) 1987 (proj.) 1902 (proj.)
Operational Referendum Total Unspent/Untaxed Referendum Dollars = $10,510,281 Operational Dollars Available = $51,700,000 $1.5 million/year $2.6 million/year $3.7M/year
Budget Revenues: State Aid (52%) and Taxes (41%) Budget Expenses: Salaries (45.29%) Employee Benefits (17.59%) Pupil Travel (4.92%) Utilities (2.74%) Open Enrollment (6.83%) Other purchase & repair costs (11.17%) Equipment purchases/Lease (4.32%) Property & Casualty Insurance (1.57%) Operating Transfer Fund 46 (5.56%)
Funds that Impact the Levy: GENERAL FUND (FUND 10) $30,551,915 (w/o grants) $33,479,914 (w/ grants) Note: District does not currently levy taxes for any other funds (e.g. debt service, capital projects or community service)
TAX LEVY $13,000,000 $12,593,686 $12,423,434 $12,500,000 $12,367,771 $12,337,062 $12,092,593 $12,129,777 $11,944,526 $12,000,000 $11,823,643 $11,773,004 $11,739,887 $11,567,154 $11,500,000 $11,370,500 $10,937,915 $11,000,000 $10,500,000 $10,000,000 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 (est.)
Each Municipalitys share of the levy is determined by its share of the total equalized value. 2023 Estimated Valuation County Municipality Columbia Columbia Columbia Columbia Columbia Columbia Columbia Columbia Marquette Marquette Marquette C Portage T Caledonia T Dekorra T Ft. Winnebago T Lewiston T Marcellon T Pacific T Wyocena T Douglas T Moundville V Endeavor T Greenfield 12 Municipalities $930,469,800 $275,464,080 $347,633 $120,592,800 $196,685,587 $1,578,470 $333,692,005 $7,019,286 $29,385,348 $70,077,600 $23,476,200 $689,430 $1,989,478,239 Sauk TOTAL
PROJECTED TAX IMPACT $6.33 Mill Rate $185,000 Home $1,171 School Tax Amount (before School Levy Credit)
TAX RATE HISTORY $12.00 $9.64 $9.62$9.97$10.23 $9.59$9.98 $9.98 $10.00 $9.40$9.24 $9.29$8.90 $9.10 $8.61 $8.31$7.94 $8.00 $6.88$6.33 $6.00 $4.00 $2.00 $0.00 Fall 2007 Fall 2008 Fall 2009 Fall 2010 Fall 2011 Fall 2012 Fall 2013 Fall 2014 Fall 2015 Fall 2016 Fall 2017 Fall 2018 Fall 2019 Fall 2020 Fall 2021 Fall 2022 Fall 2023
TAX RATE COMPARISON Badger West Conf. 2022-23 Portage Stoughton Reedsburg Mt. Horeb Baraboo Sauk Prairie McFarland Edgewood Other Districts Wisconsin Dells Pardeeville Columbus Poynette Rio Lodi State Average 2021-22 2020-21 7.94 9.24 7.63 8.34 9.57 9.50 10.52 N/A 6.88 7.59 7.63 7.65 8.29 8.50 8.51 N/A 8.31 10.40 7.93 8.78 9.57 9.79 10.99 N/A 6.77 7.18 8.30 8.50 9.67 9.96 7.70 7.76 8.34 9.64 9.48 10.91 11.11 8.67 7.62 9.26 10.10 9.65 10.77 11.13 9.22
Note: Budget adjustments are made in October based on student enrollment, state aid certification, transfer of service allocation, district adjustments, the state voucher program, and property valuations.
Annual Meeting Packet DPI Recommended Format Does include some State/Federal Grants
FUND BALANCE Audited 2021-22 Unaudited 2022-23 Budget 2023-24 GENERAL FUND (FUND 10) Beginning Fund Balance (Account 930 000) Ending Fund Balance, Nonspendable (Acct. 935 000) Ending Fund Balance, Restricted (Acct. 936 000) Ending Fund Balance, Committed (Acct. 937 000) Ending Fund Balance, Assigned (Acct. 938 000) Ending Fund Balance, Unassigned (Acct. 939 000) TOTAL ENDING FUND BALANCE (ACCT. 930 000) 15,141,424.55 15,791,388.40 16,538,450.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,837,621.40 3,646,648.54 0.00 0.00 924,339.60 11,029,427.40 15,791,388.40 940,989.89 11,950,811.73 16,538,450.16 16,538,450.16
CAPITAL IMPROVEMENTS Audited 2021-22 7,152,242.75 9,107,863.54 2,346,778.59 Unaudited 2022-23 9,107,863.54 7,455,962.65 1,772,730.29 Budget 2023-24 7,455,962.65 5,054,670.65 1,598,708.00 CAPITAL PROJECTS FUND (FUNDS 41, 46, 48, 49) 900 000 Beginning Fund Balance 900 000 Ending Fund Balance TOTAL REVENUES & OTHER FINANCING SOURCES 100 000 Instructional Services 200 000 Support Services 300 000 Community Services 400 000 Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 0.00 0.00 0.00 391,157.80 3,424,631.18 4,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 391,157.80 3,424,631.18 4,000,000.00
FOOD SERVICE Audited 2021-22 15,561.53 326,340.35 1,426,402.27 1,115,623.45 Unaudited 2022-23 326,340.35 388,506.58 1,069,388.09 1,007,221.86 Budget 2023-24 388,506.58 388,506.58 985,304.00 985,304.00 FOOD SERVICE FUND (FUND 50) 900 000 Beginning Fund Balance 900 000 ENDING FUND BALANCE TOTAL REVENUES & OTHER FINANCING SOURCES 200 000 Support Services 400 000 Non-Program Transactions TOTAL EXPENDITURES & OTHER FINANCING USES 0.00 0.00 0.00 1,115,623.45 1,007,221.86 985,304.00
TAX LEVY PROPOSED PROPERTY TAX LEVY Audited 2021-22 12,337,062.00 Unaudited 2022-23 12,092,593.00 Budget 2023-24 12,593,686.00 FUND General Fund Referendum Debt Service Fund Non-Referendum Debt Service Fund Capital Expansion Fund Community Service Fund TOTAL SCHOOL LEVY PERCENTAGE INCREASE -- TOTAL LEVY FROM PRIOR YEAR 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12,337,062.00 12,092,593.00 12,593,686.00 3.29% -1.98% 4.14%
Vote YES on the Budget and MAKE MY DAY
