2014-15 BUDGET SUMMARY
Tentatively Approved Budget - Fund 10 $17,962,373Facility and Technology Budget $20,000
2013-14 Tax Levy (all funds) $5,764,329
2014-15 Projected Tax Levy (all funds) $5,738,813 Total Tax Levy Decrease ($25,516)
% of Tax Levy Decrease (0.44%)
Fund 10 Decrease ($7,570)Fund 38 Increase $364Fund 39 Decrease ($18,310)
Fund 80 Increase $ 0
MILL RATE COMPARISON 2014-15 2014-15
2013-14Total levy – all funds – projected LEVY Mill Rate
Mill Rate
2014-15 Projected Operating Levy $3,380,750 $5.96 $5.98
2014-15 Debt Service Levy:2004 Bonds (Feb. issue) 0 0.00 0.782011 Bonds 213,300 0.38 0.382012 Bonds 1,314,400 2.32 2.322013 Bonds 498,750 0.88 0.13
2014-15 Debt Service Levy (Fund 38) $218,238 0.39 0.39
2014-15 Community Service Fund Levy (Police School Liaison Officers) $113,375 0.20 0.20
2014-15 Projected Tax Levy $5,738,813 $10.13 $10.18
2013-14 Tax Levy $5,764,329 $10.18
Projected decrease in Mill Rate ($0.05) Projected decrease in Tax Levy
($25,516)
Based on an estimated 0.00% increase in equalized value of property.
Energy Efficiency ExemptionREVENUE LIMIT EXEMPTION BACKGROUND: 2009 Wisconsin Act 28, the 2009-11 biennial budget bill, created a revenue limit exemption that allows a school district to increase its revenue limit by the amount spent by the school district in that school year on energy efficiency measures, and renewable energy products, that result in the avoidance of, or reduction in, energy costs.
2014-15 Projected Tax Levy includes $100,000 for energy efficiency upgrades completed at all four schools.
TWO RIVERS HIGH SCHOOL: Exterior Sign: Replaced LED Message Board Exterior Lighting on Building: Replaced Wall Packs with LED Lights Parking Lot Lights: Replaced with LED lights
L.B. CLARKE MIDDLE SCHOOL: Interior Lighting: Replaced all lights with 28 watt light bulbs, changed 80
ballasts Exterior Lighting on Building: Replaced Wall Packs with LED Lights Parking Lot Lights: Replaced with LED lights Domestic Hot Water Heaters: Removal and replacement of two hot water
heaters
Energy Efficiency Exemption
MAGEE ELEMENTARY SCHOOL: Interior Lighting: Replaced all lights with 28 watt light bulbs, changed 300
ballasts Exterior Lighting on Building: Replaced Wall Packs with LED Lights Parking Lot Lights: Replaced with LED lights
KOENIG ELEMENTARY SCHOOL:
Exterior Lighting on Building: Replaced Wall Packs with LED Lights Parking Lot Lights: Replaced with LED lights
REBATES:
Focus on Energy $11,118.22WPPI (Estimated) $10,887.80
HISTORY OF TAX LEVY AND MILL RATES
School Tax EqualizedYear Levy Tax Rate
2002-03 6,102,111 10.77
2003-04 6,011,298 10.49
2004-05 6,081,296 10.39
2005-06 5,658,665 9.71
2006-07 5,747,267 9.69
2007-08 5,782,468 9.69
2008-09 5,893,686 9.49
2009-10 6,195,497 9.69
2010-11 6,069,695 9.92
2011-12 5,979,398 9.91
2012-13 6,020,330 10.39 2013-14 5,764,329 10.18
2014-15 5,738,813 10.13
8.50
9.00
9.50
10.00
10.50
11.00
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
SCHOOL YEAR
MILL RATE HISTORY
YearEqualization
Aid2001-02 $11,827,770 2002-03 $12,198,129 2003-04 $12,714,702 2004-05 $13,033,844 2005-06 $13,882,530 2006-07 $14,175,180 2007-08 $14,553,143 2008-09 $14,578,695 2009-10 $13,941,129 2010-11 $13,711,359 2011-12 $12,465,898 2012-13 $11,909,640 2013-14 $12,369,222 2014-15 $12,534,394
10,000,000
11,000,000
12,000,000
13,000,000
14,000,000
15,000,000
STATE AID HISTORY
02,000,0004,000,0006,000,0008,000,000
10,000,00012,000,00014,000,00016,000,000
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
STATE AID & TAX LEVY TRENDState Aid Tax Levy
Local $3,474,664 Open
Enrollment $350,298
Grants $1,631,523
State Aid (Equalization &
Categorical)
$13,805,195
Other $130,395
HOW THE BUDGET IS FUNDED
LOCAL 17.92%OPEN ENROLLMENT 1.81%GRANTS (Federal & State) 8.41%STATE (Equalization/Categorical Aid) 71.19%OTHER 0.67%
OPEN ENROLLMENT School Year Revenue Expense
Net
2000-01 $102,514 $53,752 $48,762
2001-02 $139,123 $62,114 $77,009
2002-03 $167,712 $91,544 $76,168
2003-04 $140,235 $95,940 $44,295
2004-05 $199,734 $103,844 $95,890
2005-06 $250,035 $121,723 $128,312
2006-07 $300,847 $121,470 $179,377
2007-08 $277,682 $218,178 $59,504
2008-09 $331,170 $272,178 $58,992
2009-10 $340,892 $349,094 ($8,202)
2010-11 $371,686 $353,062 $18,624
2011-12 $343,349 $443,556 ($100,207)
2012-13 $345,222 $426,375 ($81,153)
2013-14 $350,298 $533,285 ($182,987)
2014-15 $350,298 $533,285 ($182,987)
** 2014-15 Revenue and Expense is based on previous year. Amounts will be updated after 3rd Friday Count.
LIGHTHOUSE LEARNING ACADEMY
Programming for Two Rivers residents who are open enrolled to other districts for virtual schools or were home-schooled
Student enrollment – 15.5
Cost Savings: $102,842.50 ($6,635 per student)
Range 4K – 9
Current programming: virtual, home-school and/or blended
FUND 10 BUDGET INCREASE INFORMATION
2013-14 Actual General Fund Expenditures $17,638,724
Less: Amount paid from Fund Balance ($59,774)
Net 2013-14 Expenditures-Excluding Fund Balance $17,578,950
2014-15 Budgeted General Fd Expenditures $17,962,373
Less: Amount budgeted from Fund Balance ($114,030)
Net 2014-15 Expenditures-Excluding Fund Balance $17,848,343
TOTAL BUDGET INCREASE $269,393
% BUDGET INCREASE 1.53%
BUDGET CUTS / SAVINGS TO BALANCE THE 2014-15 BUDGET
Second payment for back-up system - paid from Fund Balance $24,030 Supplemental Special Education Aid 125,000 Building Budget savings rolled over to 2014-15 90,000 Reduction of a Special Education Aide at L.B. Clarke 9,162Transfer of a teacher to Title I grant at Magee 82,231Reduction of Family and Consumer Education at L.B. Clarke 70,371Deduction of increase for utilities - energy upgrades 20,280Overload savings for 2014-15 22,516Health Insurance Renewal Savings 248,279
TOTAL BUDGET CUTS / SAVINGS: $691,869
FUND 73 – EMPLOYEE BENEFIT TRUST FUND SUMMARY
Balance of the trust – June 30, 2014 $491,349.60
Investment Return – June 30, 2014 $15,743.63
Contributions – July 1, 2013 to June 30, 2014 $787,481.23
Distributions – July 1, 2013 to June 30, 2014 $747,240.51
Investment Manager: Trust Administrator: MidAmerica Administrative &
Retirement Solutions, Inc. Custodians of the Trust: AUL – Rate of Return 2.50%
FUND 10 - FUND BALANCE SUMMARY
2014-15 BEGINNING FUND BALANCE $2,936,319
Budgeted Revenue - General Fund 17,848,343
Budgeted Expenses - General Fund (17,962,373)
2014-15 BUDGETED ENDING FUND BALANCE $2,822,289
FUND BALANCE APPROPRIATION: Expenditure for Back Up System $24,030
Building Budget Savings from 2013-14 90,000
TOTAL FUND BALANCE APPROPRIATION $114,030