St. Francis School District
Annual Meeting September 9, 2013
District Mission
To prepare students to be literate and responsible world citizens.
The St. Francis School District mission targets seven outcomes for
student learning. These targets include:
a.
b.
c.
d.
e.
f.
g.
Proficiency in academic knowledge and skills;
Proficiency in complex thinking;
Proficiency in applications of information technology;
Global perspective;
Social competence;
Ethical disposition;
Self-confidence.
 JT Slides
Budget Hearing
St. Francis School District
Annual Meeting September 9, 2013
Budgeting Process for Schools
Budget Unknowns
 Final State Equalization Aid Amount – Oct. 15th
 Equalized Valuation – Sept. 30th
 Pupil Count – 3rd Friday, Sept. 20th
Budgeting Process for Schools
1. Needs Assessment
4. Budget Projection
2. Revenue Limit Calculation
3. Prioritization of Needs
Budgeting Process for Schools
2013-14 - Original projected deficit was $344,000.
2013-15 - State Budget - $75 in State Per Pupil Aid and $75 in
Revenue Limit Authority reduced deficit by $94,000.
Current Deficit - $250,000 ($344,000 less $94,000)
Budgeting Process for Schools
Deficit Addressed By:
 Reduction of 2.88 FTE Teaching Staff
 Reducing Building Budgets
 Increasing Students Fees
 Adding Open Enrollment Seats (where possible)
Budgeting Process for Schools
Revenue limit is like a grocery bag,
represents limit of what you can spend (buy)
Revenue Limit
Budgeting Process for Schools
Budgeting Process for Schools
Revenue Limit
New
Curriculum
Technology
Textbook
Replacement
Benefits
Staffing
Materials
Liability
Insurance
Utilities
Professional
Development
Maintenance
Schedule
How Does School Finance Work?
Revenue Limit
Increase or
Decrease based on:
1. Membership
Base Revenue Limit
2. Per Pupil Increase
3. Recurring/ Non
Recurring
Exemptions
3-Year Membership
Line 6: Current 3-Year Membership
1,200
1,000
800
600
400
200
0
02-03
03-04
04-05
05-06
06-07
07-08
08-09
09-10
10-11
11-12
Enrollment
Enrollment History
Resident
Open Enrollment
Chapter 220
1400
1200
1000
800
600
400
200
0
* 2013-14 Projected
Revenue Limit Per Member
Longitudinal History of Revenue Limit Per
Member
$11,000
$10,500
$10,000
$9,500
$9,000
$8,500
$8,000
Fall
2003
Fall
2004
* 2013 Projected
Fall
2005
Fall
2006
Fall
2007
Fall
2008
Fall
2009
Fall
2010
Fall
2011
Fall
2012
*Fall
2013
Revenue Limit
Maximum Revenue Limit with Exemptions
$10,000,000
$9,800,000
$9,600,000
$9,400,000
$9,200,000
$9,000,000
$8,800,000
$8,600,000
$8,400,000
$8,200,000
2002-03
2003-04
* 2013-14 Projected
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13 *2013-14
How Does School Finance Work?
Revenue Limits
Once the revenue limit is determined, how is it funded?
State Aid and Local Property Taxes
How Does School Finance Work?
Revenue Limits
 Inverse Relationship
State Aid Falls, Property Taxes Rise
State Aid Rises, Property Taxes Fall
Property Taxes
State Aid
State General Aid
General Aid
(includes Equalization Aid)
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
2004-05
2005-06
2006-07
* 2013-14 Projected
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
Equalized Property Valuation
♦ District
■ State Ave
District Value per Member Compared to the State Average
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
2004-05
2005-06
* 2013-14 Projected
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
Revenue Limit
 State Aid continues to shrink along with the revenue
limit
 Property valuation continues to rise, increasing the
“ability to pay” factor of State Aid
 Property Tax Levy has remained consistent the last few
years due to shrinking revenue limit and budget
reductions, District continues to have to closely align
resources to maximize value of programs
Property Tax Levy
Property Tax Levy
$7,500,000.00
$7,000,000.00
$6,500,000.00
$6,000,000.00
$5,500,000.00
$5,000,000.00
$4,500,000.00
$4,000,000.00
$3,500,000.00
Fall 2012
Fall 2011
Fall 2010
Fall 2009
Fall 2008
Fall 2007
Fall 2006
Fall 2005
Fall 2004
Fall 2003
Fall 2002
People responsible for budget
construction must:

Advocate for quality education while being fiscally responsible.

Direct monetary requests toward priority needs. Your budget must
reflect the vision and mission of our organization while meeting the goals
of your program.

Track dollars to educational programs. Try to make sure that the
funds budgeted will make a difference in the quality of education.

Balance the Budget!! Quality program administration mandates fiscal
responsibility. We cannot spend more money than the allowable revenue
cap.
2013-14 General Fund Expenses
Supplies/
Equipment
5%
Debt
Retirement/
Insurance/Other
2%
Personal
Services
17%
Salaries &
Benefits
76%
2013-14 General Fund Revenue
Open
Enrollment
Revenue
25%
Revenue from
Federal Sources
3%
Other Revenue
2%
Revenue from
State Sources
29%
Property Tax
Revenue
41%