"To be persuasive we must be believable; to be believable we must be credible; credible we must be truthful." — Edward R. Murrow "If I am through learning,

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SCHOOL FINANCE ESSENTIALS

"To be persuasive we must be believable; to be believable we must be credible; credible we must be truthful."

— Edward R. Murrow

"If I am through learning, I am through."

— John Wooden

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SCHOOL FINANCE ESSENTIALS

WASDA NEW ADMINISTRATORS WORKSHOP

Bruce Anderson – School Finance ConsultantKaren Kucharz Robbe – School Finance

ConsultantSeptember 24, 2014

WASDA NEW ADMINISTRATORS WORKSHOP

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Agenda

Website Resources

PI 1500 District Contacts Report

Counting Kids

Short Term Borrowing

Revenue Limit Basics

Overall Budget & Property Tax Levy

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Website Resources

http://dpi.wi.gov/sfs/index.html(recommended bookmark)

Website Organization Two center sections (white or green background)

1. General Information – New Communications; Reporting Portal; PI 1500; Data Warehouse; Budget Development Tools;

Links for Recent SFS Finance Workshop Presentations

2. School Financial Services Team – Information; Wisconsin Finance-Related Links

Scan bar on the left margin ▪ School Finance Topics – Links to important school finance topics

http://dpi.wi.gov/sfs/index.html


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Click on this Link

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The PI 1500 District Contacts Report accomplishes two goals.

Identifies who is authorized to submit and receive information for each school financial services report (targeted emails)

Creates an ID/Password for those individuals authorized to submit reports.

The renovated PI-1500 portal will be activated in the near future.

The change over should have little impact on most of the individuals already in the PI-1500

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PI 1500 District Contacts Report- will soon have a new look

Enter ID/Password

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Use this tab to update the users authority status.

Select the User from the dropdown list.

District (0000)

To add someone new

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At least two individuals should be identified as “authorized contact “ for the PI 1500 District Contacts Report

District (0000)

To provide a User with their information use:

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The current PI-1500 has 6 pages and 21 different topics to select per authorized district representative. The renovated PI-1500 will have only 13 topics.

The renovated PI-1500 will reduce significantly the ongoing frustrations experienced at both the district level and at our level.

Training materials will be available within the PI-1500 portal via a link on the left-hand side under “SFS Info & help”.

Links to the SFS ListServe are also available on the left-hand side as it is no longer part of the PI-1500.

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An individual’s ID is very specific in the PI-1500. It is not an option to change an individual’s ID.

If an individual, using the same ID, is granted access and authority in multiple school districts. All personal information is universal; if changed in one district this new

information will be visible in the other district(s). This maybe a good feature for a CESA employee or auditor.

Unless you are authorized to submit via the District Contacts Report, you will not be able to access the reports.

The PI-1500 District Contacts Report stays open all year long to allow for staff changes.

Districts should be reviewing this report through out the year to make sure it is updated to reflect current staff and staff assignments.

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Counting Kids (SFS)

3rd Friday in September 2nd Friday in January

Data from both reports are converted to full-time equivalency (FTE) and used in the calculation of:

▪ September - Revenue Limit and Equalization Aid▪ January - Equalization Aid

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Counting Kids (SFS)

Membership Counting Guidelines

Pupil can be counted for membership if:

▪ the student is a district resident

▪ the District is financially responsible for the student’s educational program

▪ the student is present for instruction on the count date or meets the before and after rule

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PI-1563 Pupil Count Process (SFS)

Head Count

Identify all students,

regardless of

residency, receiving

instruction by the

district on the count

date.

Resident Reductions

Subtract all resident students

being served by the district

that don’t meet the

count guidelines.

(less than full time, outside age eligibility)

-Non-Resident Reductions

Subtract all non-resident

students being served

by the district.

- Resident Additions

Add all resident

students who are receiving educational

services from other districts or programs

and for which your district is

paying the cost of full-time tuition.

+

Adjusted Head

Count*

Result is the resident

students for which you are

financially responsible.

=

* Will be converted to full-time equivalency.

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Counting Kids (SFS)

Head Count

Physically Present – The student is in attendance for instruction on the count date.

Absent - The pupil is absent on the count date, but has attended at least one day during the school year prior to the count date and at least one day during the school year after the count date, and has remained a resident of the district during the period of absence.

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Reporting Categories (SFS)

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Counting Kids (SFS)

Preschool Special Education

Students must be at least 3 years of age as of the count date.

Student must have an IEP (Individualized Education Plan) and be receiving instructional services.

No minimum required number of instruction hours.

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Counting Kids (SFS)

4 Year Old Kindergarten

Districts should only use these two lines if:

▪ the 4 year old kindergarten program is open to all students

▪ the program is funded by district resources—not solely by Title One funds

▪ the student is at least 4 on or before September 1st

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Counting Kids (SFS)

4 Year Old Kindergarten (continued) 4 Yr – 437 Hours: program shall have at least

437 hours of instruction, which can include up to 87.5 hours of outreach activities.

4 Yr – 524.5 Hours: program shall have at least 437 hours of instruction and 87.5 hours of outreach. The school shall NOT substitute instructional time for outreach activities. (87.5 hours is at the program level, not student level.)

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Counting Kids (SFS)

5 Year Old Kindergarten (program options)

5 Year Old – Half Day Program 5 Year Old – 3 Full Day Program 5 Year Old – 4 Full Day Program 5 Year Old – 5 Full Day Program 5 Year Old – Blended Program

The student must be at least 5 years of ageon or before September 1st.

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Counting Kids (SFS)

Grades 1 – 12

Students must be 6 years of age on or before September 1st of the current year.

In all count categories, the student must meet the age requirement or be admitted under early admittance guidelines as defined by the Board of Education.

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Converting Count to F.T.E (SFS)

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Counting Kids (SFS)

PI 1804/1805 Summer School Pupil Count Report

Report used to collect district FTE (full time equivalency) data for the just ended summer term. (Summer school starts the school year!)

FTE data is used in the calculation of a district’s revenue limit and equalization aid.

The summer school report is one of the few reports that ask for minutes of instruction as opposed to a head count.

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Counting Kids (SFS)

Summer School Membership (FTE) is obtained by:

Calculating the district’s total summer school resident pupil membership minutes

Dividing the total by 48,600 and rounding to the nearest whole number.

A worksheet is available to assist in this process.

http://sfs.dpi.wi.gov/files/sfs/xls/SS1804.xls

Used in both the revenue limit and equalization aid calculation.

http://sfs.dpi.wi.gov/files/sfs/xls/SS1804.xls

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Counting Kids (SFS)Non-Public Students

Home-schooled, non-parochial, parochial, and tribal students.

Residents and non-residents.

Attending the public schools for up to 2 courses a semester.

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Non-Parochial, Parochial, and Tribal School Pupils

May take up to 2 courses per semester at a public school.

In resident district. Just high school grades (9-12).

Report the number of part time hours attended by the pupil(s). Will be converted to an F.T.E. This resident, part-time FTE count is added to membership for General Aid purposes (not Revenue Limit purposes).

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Home-Schooled Pupils May take up to 2 courses per semester at a public school. In resident or non-resident district. In any grade (formerly just high school grades in the resident

district.) This is a departure from the general pupil count rules in that non-

residents are counted in the district of attendance rather than district of residence. Residents - Report the number of part time hours attended by the pupil. Will be

converted to an F.T.E. This resident, part-time FTE count is added to membership for General Aid purposes (not Revenue Limit purposes).

Non-Residents – Report the number of pupils taking 1 course and the number taking 2 courses at each grade level (k-12). Those counts will then be converted to FTE in the amount of 0.25 FTE per course, up to 0.50 FTE per pupil (per semester). This non-resident, part-time FTE count is added to membership for General Aid purposes (not Revenue Limit purposes).

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Pupil comes from:

Home School[All grades]

Private School[Grade 9-12]

RESIDENT NON-RESIDENT

0.25 FTE per course (max of 2

courses)

# PT Pupil Hours / FT Hours for

Grade = FTE

# PT Pupil Hours / FT Hours for

Grade = FTE

Cannot be counted

Resident vs. Non-ResidentHome School vs. Private Schools


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Counting Kids (SFS)

FTE Report

The FTE is calculated automatically and displayed in an FTE report for each district.

Anytime the district changes a number within either the September, January, or Summer Pupil Count Reports, the report automatically updates.

The report is located on the District’s Homepage within the School Finance Reporting Portal.

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Counting Kids (SFS)

Report Amendments

Up until the due date of the January pupil count report, districts may go into either the September, January, or Summer Pupil Count Reports and make any necessary changes.

After the January Pupil Count Report has been submitted and membership audits have been announced, districts either make changes thru the audit or contact the School Finance Team to make changes.

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Membership Audits

On or about February 1st, the School Finance Team will announce which districts are required to have a membership audit.

The district’s auditor will verify the district’s reported counts for:

▪ 3rd Friday in September

▪ 2nd Friday in January

▪ Summer School (as well as fees)

Counting Kids (SFS)

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Counting Kids (SFS)

Resources are available on the website to assist you.

General Count Instructions

PI 1563 Pupil Count Workbook

PowerPoint

Media Site

http://sfs.dpi.wi.gov/sfs_membrpt2

http://sfs.dpi.wi.gov/sfs_membrpt2

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Cash Flow Borrowing

Why do some districts need to short-term borrow?

Expenditures are fairly consistent but revenues are sporadic

Insufficient fund balance

A shortfall can occur at times during the year as a result of a combination of these two factors

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Cash Flow Borrowing

Cash flow analysis is required to help determine amount and timeline

Wis. Stat. 67.12(8)

Must occur after the tax levy is voted for current year (Common SD = Annual Meeting, Unified SD = Board)

Consult with school attorney and financial advisor to ensure all requirements are met

Revenue Limit Calculation

Budget

3rd Friday Count,Oct 1 Tax Values,October 15 Aid

Certify Levies via

PI-401 & PC-401

(in portal)

Budget Adjustments to BOE

Send tax bills.PI-1508

Budget Report PI-1504 to DPI

Revenue Limit - The “BIG” Picture

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Revenue Limit Basics

Revenue Limit Calculation – Determines the revenue limit a school district is entitled to from general state aid, local levies and state computer aid

What affects the revenue limit – Membership, Inflationary Increase and Exemptions

Exemptions – Recurring and Non-Recurring Recurring – Permanently in your base (Ex.: Transfer of

Service and Recurring Referendum) Non-Recurring – Limited time only (Ex.: Declining

Enrollment, Energy Efficiency and Non-recurring referendum)

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Revenue Limit Worksheet Basics

These amounts are prefilled from your final revenue limit worksheet from the previous year. You should check to

make sure they correspond with your information. This is

your base (starting point) for the current year.

“2014-15 Pre-Populated Revenue Limit Worksheet”

http://sfs.dpi.wi.gov/sfs_revlimworksheet

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The Base and Current three–year rolling

averages are compared to determine

if there is a declining enrollment exemption.

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Fill in 17A and 17B from your October 1, 2014 Certified Values received from the Department of Revenue through DPI.

Until you receive the values, estimate a value.

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Right hand side of revenue limit

worksheet is where your new

limit is determined.

Line 11 is your new revenue limit total.

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Line 12A is your October 15 Certified

State Aid -- Do not use your July 1 estimate.

Total of 14A, B, & C cannot exceed Line 13 – If you levy to the maximum, it should be the same number.

Line 15 is total of all of your other levy amounts.

Line 18 is your Fund 10 Levy.

Line 19 is the Total Levy.

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A Special Note About the Long Term Debt Levies

The Fall 2014 levies (Funds 38 & 39) should be enough to cover your debt payments due in the Spring of 2015 and Fall of 2015. (calendar year)

The 2014-15 Budget Report should reflect the fiscal year transactions: total amount of the levy, but only the payments you will make in the Fall of

2014 and Spring of 2015. (fiscal year)

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Revenue Limit Worksheet & Property Tax Levy

There is a direct relationship between the numbers on the revenue limit worksheet and what you certify for the

property tax levy (Form PI – 401) in the portal.

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Property Tax Levy

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Property Tax Levy

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Per Pupil Adjustment Aid 2014-15

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Questions?

Bruce Anderson, Consultant 608-267-9707 Carey Bradley, Consultant 608-267-3752 Dan Bush, Consultant 608-267-9212 Karen Kucharz, Consultant 608-266-3464 Gene Fornecker, Auditor 608-267-7882 Michele Gundrum, Auditor 608-267-9218 Brian Kahl, Auditor 608-266-3862 Bob Soldner, Director 608-266-6968

Visit our website at:http://sfs.dpi.wi.gov/

Or call:

"To be persuasive we must be believable; to be believable we must be credible; credible we must be truthful." — Edward R. Murrow "If I am through learning,

Documents

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renovated pi

current pi

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district level

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