KIMBERLY  AREA  SCHOOL DISTRICT  2009 ANNUAL MEETING Monday September 28, 2009 6:30 PM - Budget Hearing 7:00 PM - Annual M...
KIMBERLY AREA SCHOOL DISTRICT BUDGET HEARING Presented by: Gary Kvasnica  Director of Business Services
KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW  -  2008/09
KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW  -  2008/09 STUDENT ACHIEVEMENT As evidenced by our test s...
KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW  -  2008/09 Compiled by the Wisconsin Tax Payers Alliance
KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW  -  2008/09 Compiled by the Wisconsin Tax Payers Alliance
KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW  -  2008/09 Compiled by the Wisconsin Tax Payers Alliance ...
 
KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW  -  2008/09 Compiled by the Wisconsin Tax Payers Alliance ...
KIMBERLY AREA SCHOOL DISTRICT YEAR IN REVIEW  -  2008/09 Enrollment continued  to Grow  An increase of 132 Full Time Equiv...
JANSSEN BOILER REPLACMENT Reduced heating costs by 32% Replaced 47 year-old Boilers with new Energy Efficient System Unlik...
JANSSEN BOILER REPLACMENT KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Before After Heat pipes were installe...
JOHN STREET ATHLETIC COMPLEX UPGRADES KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Excavated a large retenti...
JOHN STREET ATHLETIC COMPLEX UPGRADES KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Removed compacted soils f...
SYNTHETIC FIELD TURF KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 <ul><li>Safer </li></ul><ul><li>Lower Main...
JOHN STREET ATHLETIC COMPLEX UPGRADES KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Athletic Complex Donor Wa...
KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW  -  2008/09 OTHER FACILITY  IMPROVEMENTS
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 Westside School Improvements 2 st  Year of a 3-Year Carpet Rep...
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 Westside School Improvements Replaced deteriorated Wood Fascia...
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 Chalkboards at Janssen replaced with Whiteboards Before After
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 Mapleview Improvements Replaced Bathroom Partitions Before After
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 Janssen Improvements Drain tiles installed in play area to add...
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 Sunrise School Improvements Asphalt in Visitor Parking Lot Mil...
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 Sunrise School Improvements Painting of Building Exterior comp...
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 Woodland Improvements Handicap Accessible Playground with Rubb...
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 JRG Middle School Improvements RE-ROOFED SECTION B
KIMBERLY AREA SCHOOL DISTRICT  THE YEAR IN REVIEW – 2008/09 JRG Middle School Sandy Huiting Learning Center Outside Place ...
KIMBERLY AREA SCHOOL DISTRICT   FACILITIES  The improvements just listed have  been paid for out of Capital Improvements F...
KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW - 2008/09 Energy Conservation The new Boiler System at Janssen significan...
KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW - 2008/09 TECHNOLOGY  IMPROVEMENTS Replaced old Computers at the Middle S...
KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Insurance Change Moved to New Plan Administrator For Non-Teachi...
KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Implemented a New Employee Savings Plan Meets new IRS Guideline...
KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Wisconsin Retirement System Unfunded Liability Paid-Off <ul><li...
KIMBERLY AREA SCHOOL DISTRICT YEAR IN REVIEW  -  2008/09 Post Retirement Benefits   Paid Health & Dental Benefits for cert...
KIMBERLY AREA SCHOOL DISTRICT YEAR IN REVIEW  -  2008/09 Created in 2002/03 Can only be used to pay Retiree Benefits 08/09...
KIMBERLY AREA SCHOOL DISTRICT YEAR IN REVIEW  -  2008/09 Post Retirement CDO Investment In December of 2006 the District i...
KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 District Owned Land Sold  At prior Annual Meeting electorate  A...
KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10!
KIMBERLY AREA SCHOOL DISTRICT   WHAT’S NEW IN 2009/10 STATE BUDGET SHORTFALL Cost-of-Living Increase under Revenue  Contro...
KIMBERLY AREA SCHOOL DISTRICT   WHAT’S NEW IN 2009/10 FEDERAL STIMULUS FUNDING Purpose: Stimulate Economy & Aid Financiall...
KIMBERLY AREA SCHOOL DISTRICT   WHAT’S NEW IN 2009/10 NEW LABOR LEGISLATION Qualified Economic Offer (QEO) Eliminated from...
KIMBERLY AREA SCHOOL DISTRICT   WHAT’S NEW IN 2009/10 Increase in Wisconsin Retirement System Contributions As a result of...
KIMBERLY AREA SCHOOL DISTRICT   WHAT’S NEW IN 2009/10 FACILITY IMPROVEMENTS
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10 Westside School Improvements Final Year of a 3-Year Carpet Replacement...
KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Westside School Improvements Deteriorated Concrete and Asphalt in Front...
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10   Janssen Improvements Replaced original Sinks, Faucets and Water Foun...
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10   Janssen Improvements Replaced antiquated Clocks with Automated Clock...
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10   Sunrise School Improvements Asphalt in North Playground Milled and R...
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10   Mapleview Improvements Widened Receiving Room Door Before After Easi...
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10   Water Line Improvements Replaced deteriorated Water Main at Middle S...
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10   JRG Middle School Improvements Before After Replaced old Locker Room...
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10   JRG Middle School Improvements RE-ROOFED SECTION OVER TECH ED AND AR...
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10   Resurfaced Tennis Courts at High School and Middle School Before After
KIMBERLY AREA SCHOOL DISTRICT  WHATS NEW IN 2009/10   Administration Building Improvements Before After Second Floor Recon...
KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Energy Conservation With the Installation of the Boiler System at Janss...
KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 TECHNOLOGY  IMPROVEMENTS Replaced old  Computers  at Janssen and Admini...
Continued Health Insurance Cost Containment KIMBERLY AREA SCHOOL DISTRICT  WHAT’S NEW IN 2009/10 Our Non-Teaching Staff mo...
KIMBERLY AREA SCHOOL DISTRICT  WHAT’S NEW IN 2009/10 Unsettled Labor Agreements  Teacher and Para-Professional  Contracts ...
Enrollment KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10 The District projects continued Growth at a slower rate
KIMBERLY AREA SCHOOL DISTRICT THE FUTURE
KIMBERLY AREA SCHOOL DISTRICT THE FUTURE The District receives a large percentage of its funding from the State State has ...
Enrollment Growth KIMBERLY AREA SCHOOL DISTRICT THE FUTURE The District receives significantly less revenue per student th...
KIMBERLY AREA SCHOOL DISTRICT   THE FUTURE Wisconsin Retirement System Contributions As a result of the recent economic do...
KIMBERLY AREA SCHOOL DISTRICT THE FUTURE Health Insurance   The District, our Labor Unions, Health Care Providers, Insuran...
KIMBERLY AREA SCHOOL DISTRICT  THE FUTURE Labor Relations With the elimination of labor cost controls (QEO) and more restr...
KIMBERLY AREA SCHOOL DISTRICT THE FUTURE Energy Costs Less money will be available to educate children unless we continue ...
KIMBERLY AREA SCHOOL DISTRICT THE FUTURE Technology As these Funds become unavailable, the District will be challenged to ...
KIMBERLY AREA SCHOOL DISTRICT THE FUTURE CHALANGE With further limitations on revenue and increasing  costs Difficult choi...
KIMBERLY AREA SCHOOL DISTRICT BUDGET MESSAGE ASSUMPTIONS AFFECTING TAX LEVY AND RATE FOR 2009/10 <ul><li>Tax Levy </li></u...
KIMBERLY AREA SCHOOL DISTRICT BUDGET MESSAGE ASSUMPTIONS AFFECTING TAX LEVY AND RATE FOR 2009/10 -  30 Additional Students...
KIMBERLY AREA SCHOOL DISTRICT BUDGET HIGHLIGHTS TAX LEVY GENERAL FUND DEBT SERVICE CAPITAL IMPROVEMENTS *COMMUNITY SERVICE...
KIMBERLY AREA SCHOOL DISTRICT BUDGET HIGHLIGHTS TAX LEVY 2006-07 2007-08 2008-09 2009-10 Amount $14,593,571 Increase/Decre...
TAX RATE PER $1,000 OF EQUALIZED ASSESSED VALUATION GENERAL FUND DEBT SERVICE CAPITAL IMPROVEMENTS  COMMUNITY SERVICE TOTA...
Increased Tax Rate Impact Examples   <ul><li>Assuming a Tax Rate increase of $.72 per $1,000  </li></ul><ul><li>of Equaliz...
* 2009-10 Property Valuations and the corresponding Tax Rate are estimated.  Actuals can not  be determined until property...
FUND ACCOUNTING <ul><li>District is required by law to account   for money in separate accounting </li></ul><ul><li>entiti...
<ul><ul><ul><li>General Fund </li></ul></ul></ul><ul><li>Operating Budget </li></ul><ul><li>By far the Largest Fund </li><...
Salary and Benefit Expenses for new and existing staff increased by  $2,522,400   Unaudited  2009-10  Dollar  Percent  GEN...
KIMBERLY AREA SCHOOL DISTRICT 2009-10 STAFFING Additional Staff may be hired after the start of the school year to address...
SIGNIFICANT GENERAL FUND EXPENSE INCREASES  <ul><li>Energy Saving Initiatives from freed up money  </li></ul><ul><li>as a ...
SIGNIFICANT CAPTIAL EQUIPMENT PURCHASES  Copier Replacements $80,000 Computer System Replacements & Networking Hardware $1...
SIGNIFICANT GENERAL FUND EXPENSE  DECREASES  Short-Term Borrowing  Expenses - ($44,602) Technology Related Equipment - ($2...
 
 
2009 ANNUAL MEETING Motion will be made to adopt a Tax Levy of  $15,645,534 as presented to you, the electorate KIMBERLY A...
More detailed information is available in the Annual Meeting Booklet or can be obtained at the Administrative Offices on 2...
KIMBERLY AREA SCHOOL DISTRICT ANNUAL MEETING AGENDA ITEM Sale of District  Land no longer needed for Educational Purposes ...
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2009 Annual Meeting Power Point

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The financial details of the Kimberly Area School District presented at the 2009 Annual Meeting on September 28th, 2009

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2009 Annual Meeting Power Point

  1. 1. KIMBERLY AREA SCHOOL DISTRICT 2009 ANNUAL MEETING Monday September 28, 2009 6:30 PM - Budget Hearing 7:00 PM - Annual Meeting KIMBERLY HIGH SCHOOL W2662 Kennedy Avenue Kimberly WI 54136
  2. 2. KIMBERLY AREA SCHOOL DISTRICT BUDGET HEARING Presented by: Gary Kvasnica Director of Business Services
  3. 3. KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW - 2008/09
  4. 4. KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW - 2008/09 STUDENT ACHIEVEMENT As evidenced by our test scores, the District continues to be one of the higher achieving Districts in the Fox Valley, as well as the State The Kimberly Area School District as a low spending, high achieving District, continues to provide our Community with great value
  5. 5. KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW - 2008/09 Compiled by the Wisconsin Tax Payers Alliance
  6. 6. KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW - 2008/09 Compiled by the Wisconsin Tax Payers Alliance
  7. 7. KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW - 2008/09 Compiled by the Wisconsin Tax Payers Alliance Read Math Pct. Decile Pct. Decile 4th Grade K12- District Average 81   77   Kimberly 91 3 93 2 8th Grade K12- District Average 84   75   Kimberly 92 3 92 2 10th Grade K12- District Average 75   70   Kimberly 89 1 87 1
  8. 9. KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW - 2008/09 Compiled by the Wisconsin Tax Payers Alliance DISTRICT PER STUDENT EXPENDITURES 2008-09 BUDGET     Instruction   Comparative Exp.     Sal. & Pupil Instr. Bldg. Pupil Capital Exp./ Total % St. Avg. Type Name Total Fringe Serv. Supp. Admin. Grds. Trans. Debt Exp. Amt. decile (+/-) K-12 DISTRICT AVG. 6,732 5,701 493 542 861 1,117 458 778 11,491 9,746 K-12 Kimberly 6,190 5,079 470 491 675 900 277 1,244 10,784 8,726 10 -13.1
  9. 10. KIMBERLY AREA SCHOOL DISTRICT YEAR IN REVIEW - 2008/09 Enrollment continued to Grow An increase of 132 Full Time Equivalent (4K and 5K count as .5) in students 08/09 vs. 80 in 07/08 Higher Rate than Expected
  10. 11. JANSSEN BOILER REPLACMENT Reduced heating costs by 32% Replaced 47 year-old Boilers with new Energy Efficient System Unlike many Districts, we were able to fund our project without having to ask tax payers for additional money. Capital Improvement Fund established by District allowed us to set aside funding over a several year period KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09
  11. 12. JANSSEN BOILER REPLACMENT KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Before After Heat pipes were installed in ceiling with ceiling/light replacement project to reduce costs
  12. 13. JOHN STREET ATHLETIC COMPLEX UPGRADES KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Excavated a large retention pond to address drainage issues
  13. 14. JOHN STREET ATHLETIC COMPLEX UPGRADES KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Removed compacted soils for stadium football field and installed new fill along with Synthetic Field Turf
  14. 15. SYNTHETIC FIELD TURF KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 <ul><li>Safer </li></ul><ul><li>Lower Maintenance costs </li></ul><ul><li>Increased Usability </li></ul>The approximately $700,000 in Athletic Complex Upgrades Funded through Capital Improvement Fund and Community Donations <ul><li>$424,500 in community commitments to date </li></ul><ul><li>Annual Payment on 10-year lease/purchase of turf is $37,878 </li></ul>JOHN S TREET ATHLETIC COMPLEX UPGRADES
  15. 16. JOHN STREET ATHLETIC COMPLEX UPGRADES KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Athletic Complex Donor Wall constructed and donated to the District by Sanderfoot Masonry and other contractors
  16. 17. KIMBERLY AREA SCHOOL DISTRICT Budget Message THE YEAR IN REVIEW - 2008/09 OTHER FACILITY IMPROVEMENTS
  17. 18. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Westside School Improvements 2 st Year of a 3-Year Carpet Replacement Plan 07/08 08/09
  18. 19. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Westside School Improvements Replaced deteriorated Wood Fascia with Steel Fascia
  19. 20. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Chalkboards at Janssen replaced with Whiteboards Before After
  20. 21. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Mapleview Improvements Replaced Bathroom Partitions Before After
  21. 22. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Janssen Improvements Drain tiles installed in play area to address water build-up after snow and heavy rainfall
  22. 23. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Sunrise School Improvements Asphalt in Visitor Parking Lot Milled and Replaced Before After
  23. 24. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Sunrise School Improvements Painting of Building Exterior completed Before After
  24. 25. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Woodland Improvements Handicap Accessible Playground with Rubberized Surface for Wheelchair Access
  25. 26. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 JRG Middle School Improvements RE-ROOFED SECTION B
  26. 27. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 JRG Middle School Sandy Huiting Learning Center Outside Place for Kids to Meet and Learn Parent and Community Funded New Retention Pond allowed us to Build
  27. 28. KIMBERLY AREA SCHOOL DISTRICT FACILITIES The improvements just listed have been paid for out of Capital Improvements Fund Helps insure that Capital Improvements done when needed Tax Levy for this Fund is included within Revenue Limits Separate Fund that can only be used for Capital Improvements
  28. 29. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW - 2008/09 Energy Conservation The new Boiler System at Janssen significantly reduced energy consumption Mapleview light replacement Plan completed with energy efficient lights in entrances Janssen lighting replacement Plan completed New Software installed that automatically turns off computers when not in use
  29. 30. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW - 2008/09 TECHNOLOGY IMPROVEMENTS Replaced old Computers at the Middle School Added Hardware and Software to improve interoperability between different software products Replaced Network Switches to increase performance Installed video projectors at High School and Middle School to enhance learning Increased Storage Capacity Implemented Mobile Computer Lab at Middle School to enhance learning
  30. 31. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Insurance Change Moved to New Plan Administrator For Non-Teaching Staff for Self-Funded Dental Plan Reason : Vendor has negotiated lower fees with Dentists
  31. 32. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Implemented a New Employee Savings Plan Meets new IRS Guidelines for 403(b) Tax Deferred Savings Plans for Public Sector Employees Offers Employees a variety of no-load mutual funds at a cost significantly lower than previous plans Investment Providers selected by a Volunteer Committee of District Employees After-tax (Roth) component now available Similar to 401K in Private Sector
  32. 33. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 Wisconsin Retirement System Unfunded Liability Paid-Off <ul><li>Incurred Liability many years ago when </li></ul><ul><li>joined State Pension Fund </li></ul><ul><li>Refinanced in 2003 </li></ul><ul><li>Final payment to be made in March of 09 </li></ul><ul><li>Allowed District to pay-off loan sooner </li></ul><ul><li>and reduced interest payments by </li></ul><ul><li>approximately $400,000 </li></ul>
  33. 34. KIMBERLY AREA SCHOOL DISTRICT YEAR IN REVIEW - 2008/09 Post Retirement Benefits Paid Health & Dental Benefits for certain staff retiring after age 55 Negotiated as a cost saving measure many years ago <ul><li>Cost of Insurance has risen dramatically </li></ul>Several recent developments have Impacted <ul><li>New Accounting Requirements requiring Districts to pre-fund this Liability </li></ul>The costs of these future retirement benefits will be substantial To help protect future school boards and taxpayers from this significant future Liability the District established a Trust to help fund this Liability. Post Retirement Benefits
  34. 35. KIMBERLY AREA SCHOOL DISTRICT YEAR IN REVIEW - 2008/09 Created in 2002/03 Can only be used to pay Retiree Benefits 08/09 Contributions Current Trust Fund Balance Post Retirement Benefit Trust Disbursements 08/09 Fund Balance Increase Interest Earned District is not obligated to make payments toward the Trust $1,312,005 $882,738 $191,064 $620,331 - $3,186,912
  35. 36. KIMBERLY AREA SCHOOL DISTRICT YEAR IN REVIEW - 2008/09 Post Retirement CDO Investment In December of 2006 the District invested $700,000 from the Post Retirement Trust and borrowed $4,300,000 to purchase $5,000,000 in a Collateralized Debt Obligations (CDO’s) for the Trust The market value of investment declined substantially Credit linked AA rated Corporate Debt of approximately 140 investment grade companies that matures in 7-years. Goal – Generate approximately $550,000 investment incomes at end of the 7 year term The District believes it was mislead regarding the investment and has filed a lawsuit along with 4 other Wisconsin School Districts seeking rescission, damages and attorney fees
  36. 37. KIMBERLY AREA SCHOOL DISTRICT THE YEAR IN REVIEW – 2008/09 District Owned Land Sold At prior Annual Meeting electorate Authorized District to sell a lot adjacent to Woodland School Lot was sold for $37,500!
  37. 38. KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10!
  38. 39. KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10 STATE BUDGET SHORTFALL Cost-of-Living Increase under Revenue Controls decreased by $75 per student or $308,467 Less Money to Operate State aid reduced by approximately 2.5% Under Revenue Controls decreases in State Aid result in increased taxes
  39. 40. KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10 FEDERAL STIMULUS FUNDING Purpose: Stimulate Economy & Aid Financially Strapped School Districts American Recovery and Reinvestment Act (ARRA) District to receive $946,414 over a 2-year period to help implement student achievement initiatives for our special education students
  40. 41. KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10 NEW LABOR LEGISLATION Qualified Economic Offer (QEO) Eliminated from Teacher Contracts <ul><li>Under QEO District could offer a total compensation package </li></ul><ul><li>(salary & benefits) of 3.8% without having to go to arbitration </li></ul>- Helped keep labor costs in line with state imposed revenue controls Arbitration rules revised <ul><li>Ability to pay and local economic conditions no longer given greatest </li></ul><ul><li>weight in awarding arbitration decisions </li></ul>Number of hours that an employee has to work to qualify for the Wisconsin Retirement System (State Pension Plan) has been reduced
  41. 42. KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10 Increase in Wisconsin Retirement System Contributions As a result of the recent economic downturn, investments used to pay retirement benefits for state employees have declined substantially The required District contribution for 2010 has increased by .6% to 11% of an employee’s salary Fortunately - District paid off unfounded portion of the Wisconsin Retirement System liability in 08/09 thereby lessening the impact of the increase <ul><ul><li>Wisconsin Retirement System contributions are expected to increase </li></ul></ul><ul><ul><li>by $234,817 to $2,349,616 in 09/10 </li></ul></ul>
  42. 43. KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10 FACILITY IMPROVEMENTS
  43. 44. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Westside School Improvements Final Year of a 3-Year Carpet Replacement Plan 08/09 09/10
  44. 45. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Westside School Improvements Deteriorated Concrete and Asphalt in Front Drive Replaced Before After
  45. 46. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Janssen Improvements Replaced original Sinks, Faucets and Water Fountains Before After
  46. 47. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Janssen Improvements Replaced antiquated Clocks with Automated Clocks Before After
  47. 48. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Sunrise School Improvements Asphalt in North Playground Milled and Replaced Before After
  48. 49. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Mapleview Improvements Widened Receiving Room Door Before After Easier more Efficient Egress for Distributing Supplies
  49. 50. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Water Line Improvements Replaced deteriorated Water Main at Middle School Connected Water Line to the Woodland Field Irrigation System
  50. 51. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 JRG Middle School Improvements Before After Replaced old Locker Room Doors
  51. 52. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 JRG Middle School Improvements RE-ROOFED SECTION OVER TECH ED AND ART ROOM
  52. 53. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Resurfaced Tennis Courts at High School and Middle School Before After
  53. 54. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Administration Building Improvements Before After Second Floor Reconfigured for Additional Staff
  54. 55. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 Energy Conservation With the Installation of the Boiler System at Janssen all schools with the of exception Sunrise Elementary have above average energy efficiency With one-time freed up money because of Federal Stimulus Funding, the District plans to implement additional energy conservation projects at Sunrise and other schools to help reduce future operating costs Completed Sunrise Gym Lighting Replacement
  55. 56. KIMBERLY AREA SCHOOL DISTRICT WHATS NEW IN 2009/10 TECHNOLOGY IMPROVEMENTS Replaced old Computers at Janssen and Administration Replaced Network Switches to increase performance & reliability Installed video projectors at Westside, Janssen and Sunrise to enhance learning Completed Virtualization Project Implemented Mobile Computer Lab at High School to enhance learning <ul><li>Reduced Servers from 27 to 3 </li></ul><ul><li>Easier to Maintain </li></ul><ul><li>Significantly Reduced Energy Consumption </li></ul>
  56. 57. Continued Health Insurance Cost Containment KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10 Our Non-Teaching Staff moved from a Point-of-Service Network to a Single Provider System (HMO) The rising cost of health Insurance continues to be a major concern in this era of revenue controls Cost of a Family Plan approximately $2,000 less than would have been under the old plan
  57. 58. KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10 Unsettled Labor Agreements Teacher and Para-Professional Contracts expired on June 30, 2009 Have not settled 09-11 contracts with either labor group as of the date of this publication
  58. 59. Enrollment KIMBERLY AREA SCHOOL DISTRICT WHAT’S NEW IN 2009/10 The District projects continued Growth at a slower rate
  59. 60. KIMBERLY AREA SCHOOL DISTRICT THE FUTURE
  60. 61. KIMBERLY AREA SCHOOL DISTRICT THE FUTURE The District receives a large percentage of its funding from the State State has had difficulty balancing its Budget over the past several years Expected to worsen with recent economic decline and continued structural imbalances of the budget District will need to remain diligent to maintain its strong financial position It is likely that there will be even more restrictive revenue controls and further reductions in state aid
  61. 62. Enrollment Growth KIMBERLY AREA SCHOOL DISTRICT THE FUTURE The District receives significantly less revenue per student than the state average Offset in past by the District’s rapid enrollment growth As growth and corresponding revenue increases lessen, we will need to adjust our spending accordingly
  62. 63. KIMBERLY AREA SCHOOL DISTRICT THE FUTURE Wisconsin Retirement System Contributions As a result of the recent economic downturn, investments used to pay retirement benefits for state employees have declined substantially To make up for these losses, School Districts will need to substantially increase contributions over the next several years We need to work with our labor groups to have them help share the financial burden of these increases
  63. 64. KIMBERLY AREA SCHOOL DISTRICT THE FUTURE Health Insurance The District, our Labor Unions, Health Care Providers, Insurance Carriers, State and Federal Government must all work together to address issues! As Costs continue to rise
  64. 65. KIMBERLY AREA SCHOOL DISTRICT THE FUTURE Labor Relations With the elimination of labor cost controls (QEO) and more restrictive revenue limits The District will need to work closely and creatively with our labor groups to provide fair compensation without eroding the quality of education
  65. 66. KIMBERLY AREA SCHOOL DISTRICT THE FUTURE Energy Costs Less money will be available to educate children unless we continue to find ways to reduce energy consumption Energy Costs are rising at a faster rate then our Revenue The District has been a leader in Energy Conservation
  66. 67. KIMBERLY AREA SCHOOL DISTRICT THE FUTURE Technology As these Funds become unavailable, the District will be challenged to meet the goals for our Technology Plan The District has paid for a large portion of our Technology with Grant Funding and Referendum Proceeds
  67. 68. KIMBERLY AREA SCHOOL DISTRICT THE FUTURE CHALANGE With further limitations on revenue and increasing costs Difficult choices may need to be made District is currently in good Financial Shape We will need to prioritize what is most important
  68. 69. KIMBERLY AREA SCHOOL DISTRICT BUDGET MESSAGE ASSUMPTIONS AFFECTING TAX LEVY AND RATE FOR 2009/10 <ul><li>Tax Levy </li></ul><ul><li>Tax Rate </li></ul>The amount a homeowner would pay for every $1,000 of Equalized Property Value If the Tax Rate were $9.00 per $1000 of Equalized Valuation and an individuals property had an equalized value of $100,000 the tax rate would be $900 Total Amount of Tax Revenue Assessed Value is the property value as determined by the individual Municipality Equalized Value is total Fair Market Value of all properties within the District. This includes several municipalities.
  69. 70. KIMBERLY AREA SCHOOL DISTRICT BUDGET MESSAGE ASSUMPTIONS AFFECTING TAX LEVY AND RATE FOR 2009/10 - 30 Additional Students - If more Students, Revenue Cap and Tax Levy will increase <ul><li>Revenue Limit </li></ul><ul><li>Property Valuation </li></ul>- Estimated at 0% increase. If higher, Tax Rate will decrease The above estimates should be finalized in October! <ul><li>Equalization (State) Aide reduction </li></ul>- If more than projected, Tax Levy will increase <ul><li>Business Computer Valuation </li></ul>- If higher than projected, Tax Levy will decrease - Cost of Living Increase of $200 per student
  70. 71. KIMBERLY AREA SCHOOL DISTRICT BUDGET HIGHLIGHTS TAX LEVY GENERAL FUND DEBT SERVICE CAPITAL IMPROVEMENTS *COMMUNITY SERVICE TOTAL Actual 2008-09 $9,607,904 $4,260,503 $ 553,150 $46,415 $14,467,972 Budget Dollar Percent 2009-10 Change Change $11,033,938 $1,426,034 14.84% $531,000 -$ 22,150 - 4.00% $15,645,534 $1,177,562 8.14% $4,049,080 -$211,423 - 4.96% $31,516 - $ 14,899 -32.10%
  71. 72. KIMBERLY AREA SCHOOL DISTRICT BUDGET HIGHLIGHTS TAX LEVY 2006-07 2007-08 2008-09 2009-10 Amount $14,593,571 Increase/Decrease $ 15,645,534 $1,177,562 8.14% - $155,321 - 1.4% $14,467,972 $ 29,712 0.2% Under the Revenue Control Formula - If State Aid decreases the Tax Levy increases $14,438,250 The State Aid increase in 09-10 is significantly less than 07-08 & 08-09
  72. 73. TAX RATE PER $1,000 OF EQUALIZED ASSESSED VALUATION GENERAL FUND DEBT SERVICE CAPITAL IMPROVEMENTS COMMUNITY SERVICE TOTAL Actual 2008-09 $5.94 $2.63 $0.34 $0.03 $ 8.94 Budget DOLLAR PERCENT 2009-10 * CHANGE CHANGE $6.81 $0.87 14.65% * Tax rate is estimated. The actual rate can not be determined until property valuation is certified by the Department of Revenue in October. $0.33 -$0.01 - 2.94% $0.02 -$ 0.01 -33.00% $9.66 $0.72 8.05% $2.50 -$0.13 - 4.94%
  73. 74. Increased Tax Rate Impact Examples <ul><li>Assuming a Tax Rate increase of $.72 per $1,000 </li></ul><ul><li>of Equalized (Market) Value </li></ul>Home Value Tax Increase $100,000 $72.00 $150,000 $108.00 $200,000 $144.00 Please note that the above increases are based on the market value of a home. Municipalities are tax based on assessed value. The assessed value will vary between the 5 municipalities within the District’s boundaries .
  74. 75. * 2009-10 Property Valuations and the corresponding Tax Rate are estimated. Actuals can not be determined until property valuation is certified by the Department of Revenue in October.
  75. 76. FUND ACCOUNTING <ul><li>District is required by law to account for money in separate accounting </li></ul><ul><li>entities called funds. </li></ul><ul><li>Each fund has a specific purpose. </li></ul><ul><li>Each Fund accounts for money received (Revenue) and money spent </li></ul><ul><li>(Expenses) </li></ul>
  76. 77. <ul><ul><ul><li>General Fund </li></ul></ul></ul><ul><li>Operating Budget </li></ul><ul><li>By far the Largest Fund </li></ul><ul><li>Money comes primarily from State Aid and the Property Tax Levy </li></ul>Unaudited 2009-10 Dollar Percent GENERAL FUND 2008-09 Budget Change Change Revenue (Money Coming In) $38,522,030 $40,948,450 $2,426,420 6.30% The increase in total revenue is primarily related to an estimated $1,426,434 increase in Property Taxes as a result of a reduction in General State Aid. General State Aid increased by $453,242. The other significant increase was $672,629 for Revenue from other school districts for their children attending our District under Open Enrollment
  77. 78. Salary and Benefit Expenses for new and existing staff increased by $2,522,400 Unaudited 2009-10 Dollar Percent GENERAL FUND 2008-09 Budget Change Change Expenses (Money Going Out ) $37,789,197 $40,948,450 $3,159,253 8.36%
  78. 79. KIMBERLY AREA SCHOOL DISTRICT 2009-10 STAFFING Additional Staff may be hired after the start of the school year to address unanticipated enrollment and growth related issues. Additional Staff includes: (.5) Family and Consumer Education Teacher at High School (.5) Spanish Teacher at High School (.33) Physical Education Teacher at High School (.5) World Language/Spanish Teacher at the Middle School (1) 7th Grade Teacher (3) Elementary/Intermediate Teachers (.6) Title I Math Teacher * (.5) Early Childhood Teacher * (.5) Early Childhood Paraprofessional * (.24) School Psychologist (.05) Secretary (1) Special Education Coordinator of Instructional Services * Staffing Reductions Include: (.5) English Teacher at High School (.17) Math Teacher at High School (.67) Science Teacher at High School (2) Custodians Net Increase of 5.38 Employees <ul><li>2.65 Positions funded with Federal Stimulus or other Federal Grants </li></ul>
  79. 80. SIGNIFICANT GENERAL FUND EXPENSE INCREASES <ul><li>Energy Saving Initiatives from freed up money </li></ul><ul><li>as a result of Federal Stimulus Funding </li></ul><ul><li>Tuition Costs for Kimberly Residents </li></ul><ul><li>attending other School Districts </li></ul>+ $450,0000 + $276,227 <ul><li>Benefits for New and Existing </li></ul><ul><li>Staff including increased </li></ul><ul><li>contributions for Retirement Benefits </li></ul>+ $1,365,817 <ul><ul><li>Salaries for New and Existing Staff </li></ul></ul>+1,156,583 <ul><li>Textbook Purchases </li></ul>+ $138,222
  80. 81. SIGNIFICANT CAPTIAL EQUIPMENT PURCHASES Copier Replacements $80,000 Computer System Replacements & Networking Hardware $109,000
  81. 82. SIGNIFICANT GENERAL FUND EXPENSE DECREASES Short-Term Borrowing Expenses - ($44,602) Technology Related Equipment - ($252,000) Budget includes the same dollar allotment per student as last year in non-salaried expenditures where practical Interfund Transfer to the Special Education Fund reduced as a result of Federal Stimulus Funding - ($3,111)
  82. 85. 2009 ANNUAL MEETING Motion will be made to adopt a Tax Levy of $15,645,534 as presented to you, the electorate KIMBERLY AREA SCHOOL DISTRICT
  83. 86. More detailed information is available in the Annual Meeting Booklet or can be obtained at the Administrative Offices on 217 E. Kimberly Avenue Do you have any questions? Gary Kvasnica, the Director of Business Services, can be reached at 788-7900. Thank You!
  84. 87. KIMBERLY AREA SCHOOL DISTRICT ANNUAL MEETING AGENDA ITEM Sale of District Land no longer needed for Educational Purposes The District acquired Lot 84 of the Jeff Meadows Subdivision in 2005 and had a path installed to provide walking access to Woodland School The District has been approached by the owner of the lot to east of lot 84 asking us to sell the southeast portion of Lot 84 up to 5 feet away from the walking path that divides the property The District does not need this land to the east of the walking path and would prefer not having to maintain it

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