School District of Cudahy

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School District of Cudahy

• 2008-2009 Annual Budget
• Providing Excellence Within Our Means

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2007-08 In Review

• Technology and communications systems
• Improvements to facilities and grounds
• Ongoing strategic and dynamic planning

• Focused on learning
• Increase in student achievement
• 4 Schools
• Schools of Promise
• Support to teaching
• A framework for teaching
• Improvements to the learning environment

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Strategic Plan

• Vision for Learning
• Leadership for Learning
• Teaching for Learning
• Assessment for Learning
• Technology for Learning
• Environment for Learning
• Financial Planning for Learning
• Student Activities for Learning
• Communication about Learning

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Anatomy of a Budget

• Revenue Cap
• Revenue Sources
• Fixed Costs
• Salaries and Benefits
• Needs
• Priorities
• Strategic Plan
• State Budget and Legislative Impact

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Budget Funds

• 10 General Fund
• 21 Special Projects Fund
• 27          Special Education
• 38 Debt Service Non Referendum
• 39 Debt Service - Referendum
• 50       Food Service
• 60 Agency Fund Student Activities
• 73        OPEB Trust Fund
• 80 Community Service (Recreation)

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Balance
Expenditures
Revenues
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Approach

• Conservative
• Thorough
• Resourceful
• Innovative

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Revenue Cap

• Fifteen Years
• Student Enrollment (3 yr. Average)
• Allows Increase of Per Student
• Places Control on Expenditures

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General Fund

• Fund 10
• General Operations

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Fund 10 Revenue

• State Aid 63 18.7 Million
• Local Property Tax 30 9.0 Million
• Federal Aid and 7 2.2 Million
• Other State and Local Sources

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Fund 10 Budget

• Expenditure Budget
• 29,875,578
• Increase of 696,956 (2.4) over 2007-08

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Fund 21

• Special Projects Fund
• 44,100

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Fund 27

• Special Education
• 4,627,839
• Decrease of 414,458 from 2007-08

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Funds 38 39

• Debt Service
• Levy for Debt Service
• Non Referendum 813,419
• Referendum 1,727,110

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Referendum Debt

• Bonds
• 1990 Lincoln School
• 2001 J. E. Jones and Kosciuszko Renovations
• 2001 Advance Refunding Kosciuszko Renovation

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• Non-Referendum Debt Free in 2024
• Referendum Debt Free in 2017

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Fund 50

• Food Service Budget
• 914,512

20
Fund 60

• Agency FundStudent Activities
• 98,934

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Fund 73

• OPEB Trust Fund Balance at 7/1/08
  1,939,598.82
• Fund 10 Budgeted Exp 2,179,162
• (Contribution to Trust Fund 73)

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Fund 80

• Community Service/Recreation Budget
• 455,406
• Increase of 7,094 from LY (up 1.6)

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Recreation Programs

• Approximate Breakout
• Youth Programs 375,000
• (Includes crossing guards)
• Adult Programs 80,000

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Fund 80 Tax Levy

• Levy for Community Service
• reported at 365,406 now
• Will be reduced to last years 357,412 in October

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General Fund Tax Levy

• 8,956,012

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School Tax Levy

• Dollars to Total
• General Fund 8,956,012 75.5
• Debt Service
• Non Referendum 813,419 6.9
• Referendum 1,727,110 14.5
• Community Service 365,406 3.0
• Total School Levy 11,861,947 100.0

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School Tax Rate per 1,000 of Property Value

• Dollars Tax Rate/1,000
• General Fund 8,956,012 8.55/1,000
• Debt Service
• Non Referendum 813,419 0.78/1,000
• Referendum 1,727,110 1.65/1,000
• Community Service 365,406 0.34/1,000
• Total School Levy 11,861,947 11.32/1,000

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Tax Levy

• Preliminary Tax Levy is up 8.56 from LY, or
  934,868 to 11,861,947.
• Update at 9/2/08, more Aid projected, results in
  tax levy increase of 5.75 or 628,811 from LY,
  to 11,555,860.

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2008 Tax Rate

• Public Notice Tax Rate 11.32/1,000 up 0.89
  over LY
• 9/2/08 Revised Tax Rate 11.03/1,000 up 0.60
  over LY
• This is up 5.75 from 2007 rate of 10.43/1,000

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Tax Rate Change

• Will Change with New Information
• Equalization Value of Cudahy Homes (Last
  Years Data)
• Actual Enrollment (3rd Friday in Sept.)
• Tax Levy Certification Late October

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Total Budget

• All Funds
• 40,701,136
• Up 0.38 from 2007-08