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Referendum
Election
Information
Big Foot Union High School
Board of Education
March 2013
• Sources of Aid and Revenue for BFHS
   • State Aid
   • Federal Aid
     • Carl Perkins- CTE/Vocational and Career Ed.
     • Title 1
     • Rural Grant
   • Property Taxes Levy Revenue




Understanding the
Budget and Fiscal Picture
• State Aid
  • State aid to schools is computed by a complex formula based on property
    values, student enrollment and other factors
  • The Wisconsin Budget Repair Bill – 2011 Wisconsin Act 10 cut state aid
    to 95% of K – 12 districts by 10%
  • Property-poor districts get more aid than property-rich districts because
    they have lower property taxes
     • BFHS is a very low state aid district because of its high property
       values
  • State aid accounts for less than 2% of BFHS district annual revenue
  • Total state equalization aid received by BFHS
     • 2010/11 - $120,670 (Pre-Budget Repair Bill)
     • 2011/12 - $108,628
     • 2012/13 - $92,229



Budget and Fiscal Picture –
State Aid/Revenue
• Federal Aid
   • Federal Aid is separate from State Aid and was not impacted by
     the 2011 Wisconsin Budget Repair Bill
   • Federal Aid supports many existing programs at BFHS
   • There is no guarantee of Federal Aid
   • Federal Aid Sources
     • Carl Perkins- CTE/Vocational and Career Ed.
     • Title 1
     • Rural Grant




Budget and Fiscal Picture –
Federal Aid/Revenue
•   Property Tax Levy Revenue
        •   The Property Tax Levy Limit for schools is computed by a complex formula based on property
            values, student enrollment, state aid, exemptions and other factors
        •   Complex Revenue Worksheet Calculation – As simply as I can put it
             • The state sets a Base Revenue per pupil (it may increase or decrease this amount in its
                 budget) which is then multiplied by the 3 year average number of students to arrive at a
                 revenue limit
             • Several exemptions and adjustments are applied to establish the Fund 10 – General
                 Operations Revenue Limit
                 • Declining Enrollment exemption, Transfer of Service adjustment, Hold Harm non-
                     recurring exemption, State Aid adjustment, Non-referendum Debt, etc.
             • Other referendum approved debt (i.e. the 1999 building referendum – Fund 30) and other
                 items are then added to establish the Total All Fund Tax Levy
        •   The Total All Fund Tax Levy is divided by the district’s Equalized Assessed Property Value to
            calculate the Mill Rate
             • Note – the Mill rate does not determine the amount of tax levied. The amount of tax levy
                 divided by the district’s total assessed property value determines the Mill Rate
        •   The general educational operations of the school are funded by the Fund 10 revenue
        •   There is a general misconception that because BFHS is a rich-property tax district some of the
            district’s property tax revenue goes to low-property tax districts in the state– this is NOT the case.
            All BFHS district property tax revenue goes to BFHS




Budget and Fiscal Picture –
Property Tax Levy
•   Impact of Wisconsin Budget Repair Bill of 2011 – Act 10
     • In 2011 Act 10 legislation cut the average per pupil allocation (for Fund 10 - General
       Operations) by approximately $500 across the state for 2011 and beyond
     • Because BFHS is a property-rich tax district its per pupil allocation was reduced by $681
       per student in levy authority for 2011/12
     • Therefore, the 2011/12 the per pupil reduction and additional state educational budget cuts
       reduced BFHS district tax levy revenue by approximately $490,000 from the pre-Act 10
       level
     • In 2012/13 the state increased the per pupil allocation by $50 however other cuts and
       adjustments further reduced the BFHS district tax levy revenue by approximately
       $525,000 from the pre-Act 10 level
     • The net impact in BFHS district tax levy revenue for 2011/12 and 2012/13 was a loss of
       approximately $1,015,000
     • Fund 10 –General Operations Revenue by year
        •   2010/11 - $6,501,548 (Pre-Act 10)
        •   2011/12 - $6,009,484 ($6,638,108 less one-time Energy Efficiency Exemption of $628,624)
        •   2012/13 - $5,977,258
     • A provision in the budget repair bill restricts the options of what districts can collect in
       property taxes and other revenue by requiring a referendum to replace the loss of state aid




Wisconsin Budget Repair Bill of
2011 – Act 10
• BFHS enacted the tools asked for in Act 10 to
   reduce expenses
    • 50% retirement contribution
    • 12.6% of health care premiums
    • Modified post retirement plans
 • These tools helped reduced the salary
   expense in the BFHS budget but were not
   nearly enough to offset the loss in revenue
   and aid from Act 10


Wisconsin Budget Repair Bill of
2011 – Act 10 Budget Tools
• BFHS Budget Impact
  • District aggressively cut departmental budgets to reduce expenses
    and try to balance the budget
  • District did not replace support staff who retired or left the district
  • District cut and/or deferred technology, maintenance and capital
    spending to reduce expenses
  • Even with budget reductions the General Fund balance has been
    required to balance the recent budgets
        • 2010/11 - $110,492 (Actual)
        • 2011/12 - $199,218 (Actual)
        • 2012/13 - $194,793 (Projected)



Budget and Fiscal Picture –
Budget Impact
• What is the General Fund Balance?
   •   This is the excess savings that the district maintains to fund operations, collateralize
       short-term borrowing and long-term projects, and provide a safety net for the school
• Why is fund balance important?
   •   Impacts short-term borrowing rates
       • Since the revenue from the tax levy comes to the school in one lump sum schools borrow
         short-term funds in the open market by using the General Fund Balance as collateral
       • The short-term interest rate that the school pays in the open market is based on the fund
         balance as a percentage of expenditures
       • The higher the fund balance percentage, the lower the borrowing rate charged
   •   Impacts bond ratings of the district for larger projects and expenditures
• What level of fund balance is considered good for a district?
   •   Generally, a 15% – 20 % fund balance is required to receive advantageous rates
• BFHS current fund balance percentage
   •   2011/12 - 13.70%
   •   2012/13 - 11.96%
• The proposed referendum is projected to bring it up slowly to desired levels
       • 13/14- 12.5%, 14/15- 17.29%, 15/16-18.70%, 16/17-19.34%, 17/18- 16.36%



Budget and Fiscal Picture –
General Fund Balance
Fund Balance %
25
20                                      19.34
                                 18.7
                         17.29                  16.36
15
     13.7
            11.96 12.5
10
                                                        Fund Balance %
5
0




Fund Balance Levels
• District tax payers are annually levied the Total Fund
  Levy amount as determined by the per pupil allocation in
  the state budget multiplied by the 3 year average of
  students
• Property values may rise or fall but do not impact the
  amount of tax revenue the district can levy
• What is a mill rate?
  • The Total District Fund Tax Levy divided by the District
    Equalized Property Tax Assessed Value
  • Represented as the dollars assessed in taxes per thousand
    dollars of equalized property value


Tax Levy, Property Values and
Mill Rate
• In 2013/14 the initial $300,000 recurring tax revenue from this referendum
   will add to the existing tax levy amount
 • On March 1, 2014, the final $1.2 million annual loan payment from the 1999
   school addition and remodeling referendum is to be made
 • Therefore, in 2014/15 and beyond:
    • the $1.2 million building levy is removed from the tax levy
    • the $650,000 recurring tax levy from this referendum is added
    • the net effect is a $550,000 reduction in total district tax levy
 • What impact does this referendum have on mill rate? (Projected)/thousand
    •   2013/14 - $3.45 (up from $3.20)
    •   2014/15 - $3.22 (down from $3.45)
    •   2015/16 - $3.14 (down from $3.22)
    •   2016/17 - $3.07 (down from $3.14)
    •   2017/18 - $2.91 (down from $3.07)
 • Note: In 2015/16 and beyond – Our projections assume that property values
   begin to rise potentially reducing the mill rate further




Referendum Tax Levy Impact
Mill Rate
3.5
                  3.45
3.4
3.3
3.2       3.2             3.22
3.1                               3.14
                                          3.07
  3                                                      Mill Rate
2.9                                               2.91
2.8
2.7
2.6
      2012-13 2013-14 2014-15 2015-16 2016-17 2017-18




Projected Mill Rate
• What will the cost be to me in extra taxes? Assumption based
  on Baird Model projection of proposed BFHS referendum
  • In 2013/14, the initial $300,000 referendum revenue limit
    increase is projected to increase property taxes by $25 for
    each $100,000 of assessed value
     • Assessed Value: $100,000 => $25.00 (Estimated)
     • Assessed Value: $400,000 => $100.00 (Estimated)
  • In 2014/15, the combination of the end of the annual $1.2
    mil 1999 building referendum payment and the additional
    $350,000 referendum revenue limit increase will bring the
    mill rate back down to pre-referendum levels



Individual Tax Payer Impact
House Value 100,000
350
                  345
340
330
320       320               322
310                                314
                                          307
300                                                     100,000
290                                               291
280
270
260
      2012-13 2013-14 2014-15 2015-16 2016-17 2017-18




Projected Tax Impact
House Value 200,000
700
                  690
680
660
640       640               644
620                                628
                                          614
600                                                     200,000
580                                               582
560
540
520
      2012-13 2013-14 2014-15 2015-16 2016-17 2017-18




Projected Tax Impact
• Municipality percentage of property tax levy (Portion of the annual
   recurring $650,000 referendum)
    •   Delavan Township              –    4.2%        ($27,300)
    •   Fontana Village               –   46.5%        ($302,250)
    •   Linn Township                 –   28.0%        ($182,000)
    •   Sharon Village/Township       –    5.2%        ($33,800)
    •   Walworth Village/Township     –   16.1%        ($104,650)
 • The large number of non-Wisconsin resident, high valued properties
   in Fontana and Linn means the tax levied from these properties will
   fund a significant portion of the referendum
    • Estimated percentage of non-resident property values
        • Fontana – 67% x $302,250 (or $201,500 of the $650, 000)
        • Linn (J6) – 67% x $182,000 (or $121,333 of the $650,000)
 • Therefore, an estimated 50% of the annual recurring referendum tax
   levy requested by BFHS will be borne by the non-resident high
   valued properties ($322,833 of the proposed $650,000)




Municipality Impact
• Fund 10 General Education Operations Revenue
  • 2013/14 referendum revenue increase - $300,000
  • 2014/15 referendum revenue increase - $650,000 (and
    beyond)
• 5 year budget revenue projections
  • Total 5 yr referendum revenue increase - $2,900,000
  • Total 5 yr projected per pupil revenue increase - $130,000
     • projected state per pupil increase of $50 per year
  • Total 5 yr projected revenue increase - $3,030,000


Referendum impact on
BFHS Revenues
• Estimated 5 year budget expense increases (use of funds)
   •   $500,000 ($100,000/year increase)
       • Funds for the maintenance and purchase of additional technology resources for the school
       • Funds for the upgrade of software licenses and maintenance of the technology budget
       • Technology budget spending was cut or deferred to meet budget cuts
   •   $350,000 ($70,000 x 5 years)
       • Funds for the hiring of and reconfiguration of at-risk services personnel for students
         needing specific academic intervention in year 1
       • Hire to meet existing and future need
   •   $280,000 ($70,000 x 4 years)
       • Funds for the hiring of an additional teacher of Math in year 2
       • Hire to meet state requirement of additional math credit for graduation
   •   $210,000 ($70,000 x 3 years)
       • Funds for the hiring of an additional teacher of Science in year 3
       • Hire to meet state requirement of additional science credit for graduation




What will the increased
revenue be spent on?
• Estimated 5 year budget expense increases (use of funds) continued
   • $160,000
      • Funds to redesign and configure the front entry way to the school - Safety
        Entrance
      • Funds for meeting deferred maintenance requirements
      • Funds for maintenance and operation of the physical plant
      • Maintenance budget spending was cut or deferred to meet budget cuts
   • $55,000
      • Funds to replace school vehicle that will serve the district for years in
        transporting students and student groups
      • Capital expenditure was deferred to meet budget cuts
   • $410,000
      • Proposed contribution to the General Fund Balance to increase percentage
        to desirable level



What will the increased
revenue be spent on?
• Estimated 5 year budget expense increases (use of funds) continued
   • $775,000
       • Annual budget expense increase (Estimated 1.5% annual increase on
         $7,000,000 budgeted expenses)
   •   $250,000
       • Funds for the purchase of textbooks, supplies, and other educational
         necessities
       • Funds for the maintenance and enhancement of our career and technical
         education classes and programs
       • Funds were deferred to meet budget cuts
   • $40,000
       • Funds for the replacement of 2 school copiers over a 3 year period
       • Capital expenditure was deferred to meet budget cuts



What will the increased
revenue be spent on?
• There are no funds set aside for the development of
  athletic fields or a sport stadium
• There are no funds set aside for the development of
  additional sports or sport teams
• There are no funds set aside for the reconstruction or
  other major renovation to the auditorium




What’s Not Included
• I hear the Governor talk about increased funding to schools.
  How does that impact BFHS?
  • Because BFHS is a high property tax district (low state aid
    district), BFHS will get virtually nothing in additional funds from
    state sources
  • The latest budget forecast continues the freeze on levy limits for
    public schools
• What if the per pupil levy authority increases by more than 50
  dollars?
  • BFHS will have additional monies available to maintain programs
    and possibly head off going into fund balance in 2017/18



Key Points- Budget and
Fiscal Picture
• In a nutshell:
  • BFHS School Board is asking to tax for funds over the levy limit
    on a recurring basis in the amount $300,000 in 2013-2014 and
    $650,000 in 2014-15 and beyond
  • BFHS School Board is asking for these funds in order to maintain
    and enhance our educational programs and offerings for our
    students and community
  • BFHS School Board is asking for these funds in order to provide
    each child who attends BFHS
     • an exemplary education
     • opportunities for academic growth in all curricular areas
     • the capability to be college and career ready



What is the district
asking for?
It is the mission of Big Foot High
School to maximize each child’s
learning and to develop
productive, responsible citizens.


District Mission
Statement

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BFHS Referendum Election Information 20130303

  • 1. Referendum Election Information Big Foot Union High School Board of Education March 2013
  • 2. • Sources of Aid and Revenue for BFHS • State Aid • Federal Aid • Carl Perkins- CTE/Vocational and Career Ed. • Title 1 • Rural Grant • Property Taxes Levy Revenue Understanding the Budget and Fiscal Picture
  • 3. • State Aid • State aid to schools is computed by a complex formula based on property values, student enrollment and other factors • The Wisconsin Budget Repair Bill – 2011 Wisconsin Act 10 cut state aid to 95% of K – 12 districts by 10% • Property-poor districts get more aid than property-rich districts because they have lower property taxes • BFHS is a very low state aid district because of its high property values • State aid accounts for less than 2% of BFHS district annual revenue • Total state equalization aid received by BFHS • 2010/11 - $120,670 (Pre-Budget Repair Bill) • 2011/12 - $108,628 • 2012/13 - $92,229 Budget and Fiscal Picture – State Aid/Revenue
  • 4. • Federal Aid • Federal Aid is separate from State Aid and was not impacted by the 2011 Wisconsin Budget Repair Bill • Federal Aid supports many existing programs at BFHS • There is no guarantee of Federal Aid • Federal Aid Sources • Carl Perkins- CTE/Vocational and Career Ed. • Title 1 • Rural Grant Budget and Fiscal Picture – Federal Aid/Revenue
  • 5. Property Tax Levy Revenue • The Property Tax Levy Limit for schools is computed by a complex formula based on property values, student enrollment, state aid, exemptions and other factors • Complex Revenue Worksheet Calculation – As simply as I can put it • The state sets a Base Revenue per pupil (it may increase or decrease this amount in its budget) which is then multiplied by the 3 year average number of students to arrive at a revenue limit • Several exemptions and adjustments are applied to establish the Fund 10 – General Operations Revenue Limit • Declining Enrollment exemption, Transfer of Service adjustment, Hold Harm non- recurring exemption, State Aid adjustment, Non-referendum Debt, etc. • Other referendum approved debt (i.e. the 1999 building referendum – Fund 30) and other items are then added to establish the Total All Fund Tax Levy • The Total All Fund Tax Levy is divided by the district’s Equalized Assessed Property Value to calculate the Mill Rate • Note – the Mill rate does not determine the amount of tax levied. The amount of tax levy divided by the district’s total assessed property value determines the Mill Rate • The general educational operations of the school are funded by the Fund 10 revenue • There is a general misconception that because BFHS is a rich-property tax district some of the district’s property tax revenue goes to low-property tax districts in the state– this is NOT the case. All BFHS district property tax revenue goes to BFHS Budget and Fiscal Picture – Property Tax Levy
  • 6. Impact of Wisconsin Budget Repair Bill of 2011 – Act 10 • In 2011 Act 10 legislation cut the average per pupil allocation (for Fund 10 - General Operations) by approximately $500 across the state for 2011 and beyond • Because BFHS is a property-rich tax district its per pupil allocation was reduced by $681 per student in levy authority for 2011/12 • Therefore, the 2011/12 the per pupil reduction and additional state educational budget cuts reduced BFHS district tax levy revenue by approximately $490,000 from the pre-Act 10 level • In 2012/13 the state increased the per pupil allocation by $50 however other cuts and adjustments further reduced the BFHS district tax levy revenue by approximately $525,000 from the pre-Act 10 level • The net impact in BFHS district tax levy revenue for 2011/12 and 2012/13 was a loss of approximately $1,015,000 • Fund 10 –General Operations Revenue by year • 2010/11 - $6,501,548 (Pre-Act 10) • 2011/12 - $6,009,484 ($6,638,108 less one-time Energy Efficiency Exemption of $628,624) • 2012/13 - $5,977,258 • A provision in the budget repair bill restricts the options of what districts can collect in property taxes and other revenue by requiring a referendum to replace the loss of state aid Wisconsin Budget Repair Bill of 2011 – Act 10
  • 7. • BFHS enacted the tools asked for in Act 10 to reduce expenses • 50% retirement contribution • 12.6% of health care premiums • Modified post retirement plans • These tools helped reduced the salary expense in the BFHS budget but were not nearly enough to offset the loss in revenue and aid from Act 10 Wisconsin Budget Repair Bill of 2011 – Act 10 Budget Tools
  • 8. • BFHS Budget Impact • District aggressively cut departmental budgets to reduce expenses and try to balance the budget • District did not replace support staff who retired or left the district • District cut and/or deferred technology, maintenance and capital spending to reduce expenses • Even with budget reductions the General Fund balance has been required to balance the recent budgets • 2010/11 - $110,492 (Actual) • 2011/12 - $199,218 (Actual) • 2012/13 - $194,793 (Projected) Budget and Fiscal Picture – Budget Impact
  • 9. • What is the General Fund Balance? • This is the excess savings that the district maintains to fund operations, collateralize short-term borrowing and long-term projects, and provide a safety net for the school • Why is fund balance important? • Impacts short-term borrowing rates • Since the revenue from the tax levy comes to the school in one lump sum schools borrow short-term funds in the open market by using the General Fund Balance as collateral • The short-term interest rate that the school pays in the open market is based on the fund balance as a percentage of expenditures • The higher the fund balance percentage, the lower the borrowing rate charged • Impacts bond ratings of the district for larger projects and expenditures • What level of fund balance is considered good for a district? • Generally, a 15% – 20 % fund balance is required to receive advantageous rates • BFHS current fund balance percentage • 2011/12 - 13.70% • 2012/13 - 11.96% • The proposed referendum is projected to bring it up slowly to desired levels • 13/14- 12.5%, 14/15- 17.29%, 15/16-18.70%, 16/17-19.34%, 17/18- 16.36% Budget and Fiscal Picture – General Fund Balance
  • 10. Fund Balance % 25 20 19.34 18.7 17.29 16.36 15 13.7 11.96 12.5 10 Fund Balance % 5 0 Fund Balance Levels
  • 11. • District tax payers are annually levied the Total Fund Levy amount as determined by the per pupil allocation in the state budget multiplied by the 3 year average of students • Property values may rise or fall but do not impact the amount of tax revenue the district can levy • What is a mill rate? • The Total District Fund Tax Levy divided by the District Equalized Property Tax Assessed Value • Represented as the dollars assessed in taxes per thousand dollars of equalized property value Tax Levy, Property Values and Mill Rate
  • 12. • In 2013/14 the initial $300,000 recurring tax revenue from this referendum will add to the existing tax levy amount • On March 1, 2014, the final $1.2 million annual loan payment from the 1999 school addition and remodeling referendum is to be made • Therefore, in 2014/15 and beyond: • the $1.2 million building levy is removed from the tax levy • the $650,000 recurring tax levy from this referendum is added • the net effect is a $550,000 reduction in total district tax levy • What impact does this referendum have on mill rate? (Projected)/thousand • 2013/14 - $3.45 (up from $3.20) • 2014/15 - $3.22 (down from $3.45) • 2015/16 - $3.14 (down from $3.22) • 2016/17 - $3.07 (down from $3.14) • 2017/18 - $2.91 (down from $3.07) • Note: In 2015/16 and beyond – Our projections assume that property values begin to rise potentially reducing the mill rate further Referendum Tax Levy Impact
  • 13. Mill Rate 3.5 3.45 3.4 3.3 3.2 3.2 3.22 3.1 3.14 3.07 3 Mill Rate 2.9 2.91 2.8 2.7 2.6 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Projected Mill Rate
  • 14. • What will the cost be to me in extra taxes? Assumption based on Baird Model projection of proposed BFHS referendum • In 2013/14, the initial $300,000 referendum revenue limit increase is projected to increase property taxes by $25 for each $100,000 of assessed value • Assessed Value: $100,000 => $25.00 (Estimated) • Assessed Value: $400,000 => $100.00 (Estimated) • In 2014/15, the combination of the end of the annual $1.2 mil 1999 building referendum payment and the additional $350,000 referendum revenue limit increase will bring the mill rate back down to pre-referendum levels Individual Tax Payer Impact
  • 15. House Value 100,000 350 345 340 330 320 320 322 310 314 307 300 100,000 290 291 280 270 260 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Projected Tax Impact
  • 16. House Value 200,000 700 690 680 660 640 640 644 620 628 614 600 200,000 580 582 560 540 520 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Projected Tax Impact
  • 17. • Municipality percentage of property tax levy (Portion of the annual recurring $650,000 referendum) • Delavan Township – 4.2%  ($27,300) • Fontana Village – 46.5%  ($302,250) • Linn Township – 28.0%  ($182,000) • Sharon Village/Township – 5.2%  ($33,800) • Walworth Village/Township – 16.1%  ($104,650) • The large number of non-Wisconsin resident, high valued properties in Fontana and Linn means the tax levied from these properties will fund a significant portion of the referendum • Estimated percentage of non-resident property values • Fontana – 67% x $302,250 (or $201,500 of the $650, 000) • Linn (J6) – 67% x $182,000 (or $121,333 of the $650,000) • Therefore, an estimated 50% of the annual recurring referendum tax levy requested by BFHS will be borne by the non-resident high valued properties ($322,833 of the proposed $650,000) Municipality Impact
  • 18. • Fund 10 General Education Operations Revenue • 2013/14 referendum revenue increase - $300,000 • 2014/15 referendum revenue increase - $650,000 (and beyond) • 5 year budget revenue projections • Total 5 yr referendum revenue increase - $2,900,000 • Total 5 yr projected per pupil revenue increase - $130,000 • projected state per pupil increase of $50 per year • Total 5 yr projected revenue increase - $3,030,000 Referendum impact on BFHS Revenues
  • 19. • Estimated 5 year budget expense increases (use of funds) • $500,000 ($100,000/year increase) • Funds for the maintenance and purchase of additional technology resources for the school • Funds for the upgrade of software licenses and maintenance of the technology budget • Technology budget spending was cut or deferred to meet budget cuts • $350,000 ($70,000 x 5 years) • Funds for the hiring of and reconfiguration of at-risk services personnel for students needing specific academic intervention in year 1 • Hire to meet existing and future need • $280,000 ($70,000 x 4 years) • Funds for the hiring of an additional teacher of Math in year 2 • Hire to meet state requirement of additional math credit for graduation • $210,000 ($70,000 x 3 years) • Funds for the hiring of an additional teacher of Science in year 3 • Hire to meet state requirement of additional science credit for graduation What will the increased revenue be spent on?
  • 20. • Estimated 5 year budget expense increases (use of funds) continued • $160,000 • Funds to redesign and configure the front entry way to the school - Safety Entrance • Funds for meeting deferred maintenance requirements • Funds for maintenance and operation of the physical plant • Maintenance budget spending was cut or deferred to meet budget cuts • $55,000 • Funds to replace school vehicle that will serve the district for years in transporting students and student groups • Capital expenditure was deferred to meet budget cuts • $410,000 • Proposed contribution to the General Fund Balance to increase percentage to desirable level What will the increased revenue be spent on?
  • 21. • Estimated 5 year budget expense increases (use of funds) continued • $775,000 • Annual budget expense increase (Estimated 1.5% annual increase on $7,000,000 budgeted expenses) • $250,000 • Funds for the purchase of textbooks, supplies, and other educational necessities • Funds for the maintenance and enhancement of our career and technical education classes and programs • Funds were deferred to meet budget cuts • $40,000 • Funds for the replacement of 2 school copiers over a 3 year period • Capital expenditure was deferred to meet budget cuts What will the increased revenue be spent on?
  • 22. • There are no funds set aside for the development of athletic fields or a sport stadium • There are no funds set aside for the development of additional sports or sport teams • There are no funds set aside for the reconstruction or other major renovation to the auditorium What’s Not Included
  • 23. • I hear the Governor talk about increased funding to schools. How does that impact BFHS? • Because BFHS is a high property tax district (low state aid district), BFHS will get virtually nothing in additional funds from state sources • The latest budget forecast continues the freeze on levy limits for public schools • What if the per pupil levy authority increases by more than 50 dollars? • BFHS will have additional monies available to maintain programs and possibly head off going into fund balance in 2017/18 Key Points- Budget and Fiscal Picture
  • 24. • In a nutshell: • BFHS School Board is asking to tax for funds over the levy limit on a recurring basis in the amount $300,000 in 2013-2014 and $650,000 in 2014-15 and beyond • BFHS School Board is asking for these funds in order to maintain and enhance our educational programs and offerings for our students and community • BFHS School Board is asking for these funds in order to provide each child who attends BFHS • an exemplary education • opportunities for academic growth in all curricular areas • the capability to be college and career ready What is the district asking for?
  • 25. It is the mission of Big Foot High School to maximize each child’s learning and to develop productive, responsible citizens. District Mission Statement