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- Budget Book 2024-25
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Budget Book 2024-25
ADA Compliant Budget Book 2024-25
- School District of Janesville
- Introduction / District Overview
- District Funds
- Building the Budget
- General Fund (10) Revenues / Expenses
- Special Education
- General Operation Funds (10 and 27)
- Debt Services Fund (38 & 39)
- Capital Funds (46 & 49)
- Food Service
- Employee Benefits Trust Fund
- Special Revenue Trust Fund
- Enrollment & Membership
- Revenue Limit Authority
- Property Tax Information
- Tax Levy
- Budget Adoption Format - Revenues, Fund 10
School District of Janesville
Introduction / District Overview
NTRODUCTION
The Business Services Group is pleased to present the 2023-24 School District of Janesville (“SDJ”) budget.
A balanced budget is being presented to the Board of Education for approval on October 24, 2023. As a
result of the COVID-19 pandemic, the District is receiving federal grants to support its response. The
District is using funds to offer a robust online instruction platform, reduce class size at the elementary
level, maintain secondary instructional pathways, invest in sanitation efforts, install bottle filling stations,
provide personal protective equipment such as face masks, and improve indoor air quality. In aggregate,
the District will receive over $27 million in federal funding through three different Elementary and
Secondary School Emergency Relief (“ESSER”) and Governor’s Emergency Education Relief (“GEER”)
Funds. The funds are provided on a cost-reimbursement basis, meaning the District must incur costs and
then be reimbursed. Some of these funds are received by the District and are required to be allocated to
private schools. Some of these federal funds were used during the 2020-21 through 2022-23 fiscal years,
and most of the remainder will be used during the 2023-24 fiscal year. A portion may carryover to fiscal
year 2024-25. Of the remaining funds, a portion will be used for indoor air quality at Franklin Middle
School and social distancing in greenhouses at Craig and Parker High Schools.
DISTRICT OVERVIEW
The School District of Janesville serves over 9,300 pre-kindergarten through 12th grade students in 20
schools. As one the largest school districts in the State of Wisconsin, our instructional programs are
provided in two comprehensive high schools (9-12), three middle schools (6-8), twelve elementary schools
(K-5), and twelve P4J Community Partnership sites (4-year-old early learners). In addition, we serve
students in three charter schools: Rock University High School, Rock River Charter School, and Arise Virtual
Academy. The District is committed to preparing our students to enter the world beyond the classroom
as life-long learners with strong academic skills and a sense of self. The District is ensuring that every
graduate is college and/or career ready.
In November 2020, the District received support from electors in the form of two referenda. The first
provides $22.5 million for safety, security, and facility improvements. The second provides four years of
support in addition to our revenue limit to meet operational needs of the District. The operating
referendum provides an additional $11.5 million for 2023-24 to support:
- ongoing investment in curricular resources such as language arts
- maintain instructional technology for students and staff
- preserve reasonable class sizes
- attract and retain qualified educators and support staff
BUDGET DOCUMENT
The 2024-25 budget is being presented by fund. Prior-year data presented are actual values and not
budgeted amounts. The 2023-24 actual data have been subject to audit, but as of the release of the
budget, are not yet available in report form.
The data presented are not a collection of program-oriented budgets displaying what each program costs,
but rather, a cost accounting budget presented by functional areas describing the purpose for which
expenditures are made. This is consistent with the Wisconsin Uniform Financial Accounting Requirements
(“WUFAR”) structure and the budget presentation format required by §65.90, Wis. Stats. Narrative
explanations detailing the WUFAR system are provided throughout the document to provide additional
context.
The budget is based upon information known and decisions made through October 18, 2024. The October
15 certification of general/equalization aid and related adjustments to the revenue limit computation are
incorporated in to the budget presented here. However, additional modifications to the budget may
occur prior to the budget hearing and levy certification meeting.
So as to meet the needs of students, careful administration of the budget plan is essential to achieving
short-term and long-term strategic direction and the financial health of the District.
On behalf of the entire Business Services Group, we look forward to an exciting and successful school year
in 2024-25.
Dan McCrea, SFO
Chief Financial Officer
Matthew Sylvester-Knudtson, CPA
Director of Finance
Tami Carlson
Financial Analyst / Grants Mgr.
October 18, 2024
District Funds
Wisconsin school finance practices and generally-accepted accounting principles require that the District segregate financial transactions into distinct accounting entities, called funds. Funds are used to report on-going annual costs of operating the district, to account for capital projects financed through borrowing, or to place
certain revenues and expenses in a trust. SDJ utilizes the following funds for budgetary purposes:
- General Fund $146,787,035
- Special Education Fund $25,433,544
- Debt Service Funds $8,748,094
- Capital Funds $7,185,323
- Food Service Fund $6,400,000
- Community Svc. Fund $200,000
- All-Fund Expenditures $194,753,996
Debt service funds include all transactions related to the payment of general obligation debt and refinancing of debt.
Capital funds are created whenever acquired resources are restricted for the acquisition or construction of specific capital projects or purchase of capital items.
The community service fund allows for the segregation of financial transactions related to community use of facilities and programs operated for the benefit of the entire community.
All revenues, expenditures, and changes in fund balance for each fund are accounted for separately and reported to DPI.
The District also operates and manages the following funds, which are not included in total budgeted District expenditures:
Employee Benefit Trust Fund (Fund 73) – The OPEB Trust Fund accounts for resources held in trust for post-employment benefit plans legally established as an irrevocable trust.
Special Revenue Trust Fund (Fund 21) – Accounts for gifts and donations to the District.
Building the Budget
The budget development process generally begins the December prior to start of the fiscal year and is when budget assumptions are developed based on the State of Wisconsin’s biennial budget and local determinations.
2024-25 BUDGET DEVELOPMENT ASSUMPTIONS – APRIL 2024 (ACTUAL in blue)
Budget development assumptions create parameters, at a high level, that guide both administration and the Board of Education during the budget modeling and development process. Additionally, budget assumptions consider the district’s mission driven long-term fiscal health. The following sections provide an overview of the budget development assumptions:
FINANCIAL MANAGEMENT
- District Administration will present, and the Board of Education will adopt, a balanced budget that meets the needs of the District’s students.
- The District’s fund balance will not be utilized for recurring expenses.
- The district will model the effect of pre-paying (defeasing) its long-term Fund 38 and 39 debt obligations. District Administration will propose defeasing Fund 38 in 2024 and 2025, thereby eliminating Fund 38 WRS Debt.
- The District will secure a line of credit for the 2024-25 fiscal year, related to the historically low November cash point, prior to the December state aid payment.
- The Board will utilize its full authority to levy within the allowable revenue limit.
- Final ESSER III expenses need to be incurred by September 30, 2024.
- Property values are assumed to increase by 3%. Decrease of approximately 2%.
REVENUE
Per Student Categorical Aid (outside the district’s revenue limit authority)
- The 2024-25 per pupil categorical aid increase $0.00 per FTE. Unchanged.
State Equalization Aid
- The 2024-25 Statewide General Equalization Aid will increase $225,000,000 over the prior year. Increases in state aid off set the local levy, all else equal. The actual increase for the District is $3,801,723.
Categorical Aid
- Targeted reimbursement for special education funding will remain unchanged from the current legislated amount of approximately 33%. Actual aid received in 2023-24 was 32.4% of prior year expenses.
Revenue Limit Authority
- The allowable revenue limit will increase $325 per FTE. A base FTE, using the September FTE count will be used. Preceding September FTE counts have been:
- a. 2015 – 9,898
- b. 2016 – 9,780
- c. 2017 – 9,668
- d. 2018 – 9,528
- e. 2019 – 9,370
- f. 2020 – 9,070
- g. 2021 – 9,051
- h. 2022 – 9,108
- i. 2023 – 9,118
- For budget planning purposes the District’s summer school student FTE will remain at 76. Actual 76.
- Independent Charter School (ICS) membership count is estimated to increase from 25 to 32. Actual 25.5.
- The District will be in year four, $14,500,000, of a four-year non-recurring operational referendum to exceed revenue limit authority.
Open Enrollment / Tuition Programs (outside the district’s revenue limit authority)
- For budget planning purposes, the District’s September open enrollment-in will remain status quo at 576, net of the 14 JIEP students, and open enrollment-out will remain at 588. Actual open enrollment in as of 3rd Friday is 587 and open enrollment out is 610.
Fund 10 & 27 Grant Revenue, State and Federal Sources
- Federal and State grant award revenue will be budgeted at prior year levels.
EXPENSES
- The District will utilize a cast forward model consisting of the budgeted 2023-24 expenses, less administrative recommendations.
- The District will forecast a 4.12% increase in base wages, subject to allowable July 1, 2024. CPI-U percentage. The base wage increase amounts to a 3% increase for certified staff totaling $1,572,008.
- The District will budget for a TBD increase in health insurance and model various plan design options designed to recruit and retain talent. Actual approximately 11%.
- The District will budget for a 5% increase in dental insurance.
- The District will budget a 5% increase transportation expenses
- The District will budget a 5% increase in utility expenses.
STAFFING
- Staffing plan assumptions are developed within the guidelines established by Board Policy 4221. In support of district goals, administration may recommend alternative staffing ratios at targeted grade levels.
General Fund (10) Revenues / Expenses
The following chart and table illustrate the District’s General Fund (10) revenues, by source, beginning with the 2022-23 fiscal year to current. Budgeted revenues include approximately $4 million less ESSER and similar funding compared to the prior year, and approximately $2 million more of revenue compared to the prior year due to a new lease in 2024-25. Without the two aforementioned sources, revenues would have increased approximately 2.8%. In the context of all Fund 10 revenues, approximately 58% is derived from state sources and 30% from local sources.
Revenues by Source | 2022-23 Actual | 2023-24 Actual | 2024-25 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Local | $ 32,581,602 | $42,497,754 | $44,411,808 | $1,914,054 | 4.5% |
Other School Districts | $4,910,786 | $5,015,103 | $5,228,000 | $212,897 | 4.2% |
Intermediate | $14,118 | $88,941 | $94,179 | $5,238 | 5.9% |
State | $79,253,497 | $81,448,316 | $85,172,104 | $3,723,788 | 4.6% |
Federal | $9,976,463 | $15,003,729 | $9,69.,473 | $(5,310,256) | -35.4% |
Other | $4,344,850 | $1,230,503 | $2,187,471 | $956,968 | 77.8% |
Total | $131,081,316 | $145,284,346 | $146,787,035 | $1,502,689 | 1.0% |
Special Education
SPECIAL EDUCATION FUND (27) – REVENUES
The following chart and table illustrate the District’s Special Education Fund (27) revenues, by source, beginning with the 2021-22 fiscal year to the current fiscal year. The projected increase in revenue is due, in part, to some staff costs in being expensed to the IDEA Flow Through grants in 2023-24 and a higher transfer from Fund 10.
Revenue By source |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Transfers | $11,794,453 | $12,094,933 | $13,093,724 | $988,791 | 8.3% |
Other School Districts | 16,340 | 27,146 | 25,000 | (2,146) | -7.9% |
State | 5,120,965 | 5,558,802 | 5,795,000 | 236,198 | 4.2% |
Federal | 3,468,703 | 3,475,156 | 3,752,356 | 277,200 | 8.0% |
Total | $20,400,461 | $21,156,037 | $22,666,080 | $1,510,043 | 7.1% |
SPECIAL EDUCATION FUND (27) – EXPENSES
The following chart and table illustrate the District’s Special Education Fund (27) expenses beginning with the 2021-22 fiscal year to the current fiscal year. As noted in the March 2023 staffing report, 4.5 FTE additional instructional special education staff were added.
Expenses By Function |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Instruction | $15,133,492 | $15,882,432 | $17,307,757 | $1,425,325 | 9.0% |
Pupil Services | 2,802,821 | 2,819,576 | 2,719,032 | (100,544) | -3.6% |
Instructional Staff Serv. | 854,094 | 853,918 | 951,085 | 97,167 | 11-4% |
General Admin. | 16,570 | 20,362 | 20,000 | (362) | -1.8% |
Business Admin. | 1,203,886 | 1,172,806 | 1,248,206 | 75,400 | 6.4% |
Central Services | 16,891 | 16,187 | 25,000 | 8,813 | 54.4% |
Instructional Svc. Pmts. | 239,669 | 390,756 | 395,000 | 4,244 | 1.1% |
Other Transactions | 133,038 | 0 | 0 | 0 | 0.0% |
Total | $20,400,461 | $21,156,037 | $22,666,080 | $1,510,043 | 7.1% |
General Operation Funds (10 and 27)
GENERAL OPERATING FUNDS (10 AND 27)
Over half of the financial support for special education services is provided via a transfer from the General Fund (10). Because of this reliance, and because special education is a component of the broad instructional services the District provides, these funds are occasionally blended. When done so, the net totals may be considered the District’s operating budget. The values illustrated are net of the inter-fund transfer.
Revenues: | 2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Local | $33,127,642 | $32,581,602 | $41,804,243 | $9,222,641 | 28.3% |
Other School Districts | 5,170,719 | 4,937,932 | 5,053,000 | 115,068 | 2.3% |
Intermediate | 9,400 | 8,000 | 0 | (8,000) | -100.0% |
State | 81,123,349 | 84,812,299 | 86,812,299 | 1,516,667 | 1.8% |
Federal | 11,545,303 | 13,451,619 | 19,112,426 | 5,660,807 | 42.1% |
Other | $137,890,869 | $140,142,420 | $152,559,335 | $12,416,915 | 8.9% |
Expenses: | 2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Instruction | $74,044,518 | $79,527,602 | $80,642,769 | $1,115,167 | 1.4% |
Pupil Services | 7,192,699 | 8,.365,841 | 8,807,629 | 441,788 | 5.3% |
Instructional Staff Svcs. | 11,430,134 | 9,470,496 | 10,141,754 | 671,258 | 7.1% |
General Admin. | 799,732 | 660,883 | 676,896 | 16,013 | 2.4% |
School Bldg. Admin. | 6,619,469 | 6,699,261 | 7,306,901 | 607,640 | 9.1% |
Central Services | 16,635,686 | 17,497,560 | 24,491,270 | 6,993,710 | 40.0% |
Insruance & Judgement | 1,678,712 | 1,939,285 | 2,067,673 | 128,388 | 6.6% |
Debt Service | 919,493 | 927,865 | 1,173,000 | 245,135 | 26.4% |
Other Support Svcs | 5,407,910 | 2,624,487 | 2,630,000 | 5,513 | 0.2% |
Transfers | 4,140,859 | 3,109,565 | 3,452,443 | 342,878 | 11.0% |
Instructional Svc. Pmts. | 1,500,000 | 1,160,000 | 2,500,000 | 1,340,000 | 115.5% |
Other Transactions | 275,083 | 310,029 | 150,000 | (160,029) | -51.6% |
Total Expenses | $137,056,710 | $139,540,426 | $152,559,335 | $13,018,909 | 9.3% |
Fund Balance | $24,862,069.69 | $25,464,065.03 | $25,464,065.03 | $0 | 0.0% |
Debt Services Fund (38 & 39)
Fund 38 – Non-Referendum Approved Debt
Fund 38 debt, within the District’s revenue limit authority, accounts for debt related to the merger of the two Wisconsin retirement systems and the District’s use of the Act 32 Energy Exemption for work related to facility improvements, predominately at Edison Middle School, replacing outdated boilers and other mechanical, electrical, and plumbing systems. Act 32 is no longer available for Wisconsin school districts. In 2019, the District refinanced debt related to the merged retirement systems saving $1,566,860 or $150,000 a year on an annual basis.
Debt service is levied on the calendar year basis, but budgeted for on the fiscal year basis. For 2023-24, a transfer of $2.5 million from Fund 10 is included in the budget. These funds will be used to defease retirement-system related debt. At the end of the 2023-24, the following debt balances will be outstanding. The anticipated 2023- 24 defeasance has not been factored into these balances.
- Act 32 $4,715,000
- Retirement-system $6,270,000
Fund 38 Non-Referendum Debt |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Levy | $2,758,183 | $2,749,068 | $2,755,308 | $6,240 | 0.2% |
Transfers | 0 | 0 | 2,500,000 | 2,500,000 | 0.0% |
Other Revenue | 1,041 | 25,024 | 20,000 | (5,024) | -20.1 |
Total Revenue | 2,759,224 | 2,774,092 | 5,275,308 | 2,501,216 | 90.2% |
Principal | 2,365,000 | 2,415,000 | 4,775,000 | 2,360,000 | 97.7% |
Interest | 422,313 | 364,053 | 504,083 | 140,030 | 38.5% |
Total Expenses | 2,787,313 | 2,779,053 | 5,279,083 | 2,500,030 | 90.0% |
Fund Balance | $782,497.22 | $777,536.59 | $773,761.59 | $(3,775) | -05% |
Fund 39 – Referendum Approved Debt
The District’s Fund 39 debt relates to the 2006 approved referendum for the purpose of building renovations at Craig and Parker High Schools, and various elementary schools, and the 2020 capital referendum. The 2023-24 budget does not include an allowance for defeasing Fund 39 debt.
At the end of the 2023-24, the following debt balances will be outstanding.
- 2016 Issuance $4,745,000
- 2020 Issuance $2,585,000
Fund 39 Non-Referendum Debt |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Levy | $13,291,143 | $14,333,123 | $6,858,789 | $(7,474,334) | -52.1% |
Other Revenue | 934,065 | 77,668 | 70,000 | (7,668) | -9.9% |
Total Revenue | 14,225,208 | 14,410,791 | 6,928,789 | (7,482,002) | -51.9% |
Principal | 12,415,900 | 13,663,900 | 6,445,000 | (7,218,900) | -52.8% |
Interest | 1,226,381 | 976,825 | 551,055 | (425,770) | -43.6% |
Other | 15,900 | 13,900 | 0 | (13,900) | -100.0% |
Total Expenses | 13,958,181, | 14,654,625 | 6,996,055 | (7,658,570) | -52.3% |
Fund Balance | $659,592.73 | $429,658.65 | $362,392.65 | $(67,266) | -15.7% |
Capital Funds (46 & 49)
Fund 46 – Long-Term Capital Improvement
In 2015, the Board of Education acted to establish a long-term capital improvement fund, which could not be utilized until five years after its inception. Investing in this fund is accomplished by transferring funds from Fund 10 to 46 during a given fiscal year or no later than July 30 following fiscal-year-end. Budgeted expenses for 2023-24 relate to capital projects at Edison and Franklin Middle Schools and Craig and Parker High Schools.
Fund 46 Long-Term Cap. Improv. |
20121-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Transfer | $1,500,000 | $1,160,000 | $0 | $(1,160,000) | -100.0% |
Other Revenue | 7,282 | 167,007 | 100,000 | (67,007) | -40.1% |
Total Revenue | 1,507,282 | 1,327,007 | 100,000 | (1,227,007) | -92.5% |
Construction- Related | 0 | 0 | 5,000,000 | 5,00,000 | 0.0% |
Other | 16,908 | 0 | 5,000,000 | 5,000,000 | 0.0% |
Total Expenses | 16,908 | 0 | 5,000,000 | 5,000,000 | 0.0% |
Fund Balance | $11,281,047.74 | $12,676,826.22 | $7,776,826.22 | $(4,900,000) | -38.7% |
Fund 49 – Capital Projects
Upon issuance of the 2020 referendum‐approved debt, a capital projects fund was established to account for the costs associated with those projects.
Fund 49 Captial Projects |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Other Revenue | $30,251 | $496,823 | $200,000 | $(296,823) | 59.7% |
Total Revenue | $30,251 | $496,823 | $200,000 | (296,823) | 59.7% |
Construction-Related | 9,082,157 | 5,713,070 | 8,061,409 | 2,348,339 | 41.1% |
Total Expenses | 9,082,157 | 5,713,070 | 8,061,409 | 2,348,339 | 41.1% |
Fund Balance | $13,077,656.38 | $7,861,409.59 | $0.59 | $(7,861,409) | -100.0% |
Food Service
The District self-operates its school food service program, absent from the local levy, serving breakfast and lunch in participation with the United States Department of Agriculture, National School Lunch Program.
Included in the Fund 50 budget is an approximately 5.7% market adjustment to wages ($67,000 including FICA and WRS) for specific student nutrition staff groups.
Fund 50 Food Service |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Food Sales | $418,543 | $1,007,193 | $1,000,000 | $ (7,193) | -0.7% |
State | 0 | 80,081 | 77,000 | (3,081) | -3.8% |
Federal | 6,905,577 | 5,427,261 | 4,993,000 | (434,261) | -8.0% |
Other Revenue | 26,450 | 123,999 | 80,000 | (43,999) | -35.5% |
Total Revenue | 7,350,570 | 6,638,534 | 6,150,000 | (488,534) | -7.4% |
Maintenance/ Facilities | 66,683 | 33,312 | 33,077 | (235) | -0.7% |
Food Service | 5,605,004 | 5,851,825 | 6,059,935 | 208,110 | 3-.6% |
Internal Services | 46,416 | 47,540 | 51,988 | 4,448 | 9.4% |
Other | 7,779 | 6,360 | 5,000 | (1,360) | 3.6% |
Total Expenses | $5,725,882 | $5,939,037 | $6,150,000 | $210,963 | 3.6% |
Fund Balance | $3,288,940.09 | $3,988,437.04 | $3,988,437.04 | $0 | 0.0% |
Employee Benefits Trust Fund
The District established Fund 73 as a mechanism to account for post-employment benefit obligations such as health insurance. The District, generally, makes both annual contributions to and withdrawals from the fund. The District’s expenses related to post-employment benefits are decreasing over time, related to the reduction of such benefits. As a fiduciary fund, a budget is not required to be established for Fund 73.
Fund 73 OPEB Trust |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
District Contributions | $3,500,000 | $2,677,573 | $0 | $(2,677,573) | -100.0% |
Retiree Contributions | 114,014 | 161,031 | 0 | (161,031) | -100.0% |
Other Revenue | 5,696 | 198,832 | 0 | (198,832) | -100.0% |
Total Revenue | 3,619,710 | 3,037,436 | 0 | (3,037,436) | -100.0% |
Benefits Paid | 1,202,439 | 1,395,719 | 0 | (2,200,395) | -100.0% |
Implicit Rate Subsidy | 649,154 | 804,676 | 0 | (804,676) | -100.0% |
Other | 10,417 | 0 | 0 | 0 | 0.0% |
Total Expenses | $1,862,010 | $2,200,395 | $0 | $(2,200,395) | -100.0% |
Fund Balance | $8,250,697.65 | $9,087,738.31 | $9,087,738.31 | $0 | 0.0% |
Special Revenue Trust Fund
Fund 21 accounts for gifts and donations to the District.
As donations and expenditures are not always known, a budget is not established for Fund 21.
Fund 21 Special Revenue Trust |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount |
Change Percent |
---|---|---|---|---|---|
Donations | $527,529 | $533,108 | $0 | $(533,108) | -100.0% |
Other Revenue | 419,828 | 231,331 | 0 | (231,331) | -100.0% |
Total Revenue | 947,357 | 764,439 | 0 | (764,439) | -100.0% |
Instructional | 459,058 | 588,670 | 0 | (588,670) | -100.0% |
Support Services | 81,924 | 588,670 | 0 | (102,623) | -100.0% |
Scholarships | 14,003 | 17,798 | 0 | (102,623) | -100.0% |
Other | 16,419 | 0 | 0 | 0 | 0.0% |
Total Expenses | 571,404 | 691,293 | 0 | (691,293) | -100.0% |
Fund Balance | $1,053,552.45 | $1,108,901.46 | $1,108,901.460 | $0 | 0.0% |
COMMUNITY SERVICE FUND (80)
In 2019, the Board of Education embraced the opportunity to support early literacy utilizing a
Fund 80 levy as a financial vehicle. For 2023-24, the levy includes $25,000 in support of Bags of
Hope staff. A substantial amount of revenue, via donations, flow through Fund 80 to support
community programs (e.g., Bags of Hope).
Fund 80 Community Service |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount |
Change Percent |
---|---|---|---|---|---|
Levy | $175,00 | $175,000 | $200,000 | $25,000 | 14.3% |
Donations | 150,345 | 151,487 | 0 | (151,487) | -100% |
Total Revenue | 325,345 | 326,487 | 200,000 | (126,487) | -38.7% |
Early Literacy | 89,683 | 151,393 | 175,000 | 23,061 | 15.2% |
Bags of Hope | 118,506 | 122,417 | 25,000 | (74,356) | -27.1% |
Total Expenses | 208,189 | 274,356 | 200,000 | (74,356) | -27.1% |
Fund Balance | $261,346.11 | $313,477.64 | $313,477.64 | $0 | 0.0% |
Enrollment & Membership
All Wisconsin school districts conduct a third Friday in September count as well as second Friday in January count. The September count generates a membership count of students actively attending the School District of Janesville or any other public school (“Members”). This count is used to calculate the District’s revenue limit, by factoring the full-time equivalency (FTE) of each student (“Membership FTE”). Enrollment represents the headcount of students attending any school within the District, regardless of school district residency.
Within the revenue limit worksheet, summer school membership is added to the September membership value. The following chart illustrates the September enrollment, members, and membership FTE. Summer school FTE is not included.
2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|
Enrollment | 10,385 | 10,310 | 10,275 | 10,146 | 10,063 |
Members | 10,263 | 10,165 | 10,039 | 9,935 | 9,825 |
Membership FTE | 9,992 | 9,898 | 9,780 | 9,668 | 9,528 |
Revenue Limit Authority
In 1993, the State of Wisconsin instituted revenue limits for Wisconsin public schools. The following table illustrates, since 2005-06, the revenue limits the School District of Janesville has operated under. The identified values indicate the allowable increase per member on a three year rolling average
Base revenue is key to a District’s long-term financial health. One of the best comparable data points between and among school districts is base revenue (line seven of the revenue limit worksheet). The District’s base revenue has been decreasing over time as non-recurring exemptions expire. The uptick for 2023-24 relates to the low revenue limit ceiling increasing to $11,000 per member, up from $10,000. The District’s need to seek an operating referendum was a direct result of decreasing membership and decreasing base revenue, each of which are factored into the District’s financial forecast model.
Property Tax Information
The District’s property tax is frequently measured in an amount per $1,000 of property value (milrate). The following table illustrates the mil rate trend since 2014-15. The recent mil rate reductions are due, in part, to a higher-than-average increase in equalized property values.
2022-23 ROCK COUNTY MIL RATES OVER TIME
Historically, the School Districts of Janesville and Milton have had the lowest rates in Rock County. Milton had not carried debt until their recent debt referendum, thus the increase from 2018-19 to 2019-20. Prior year data is illustrated as current year mil rates have not yet been set.
Tax Levy
The District’s tax levy is comprised of five elements, representing four funds and, if applicable any given year, the prior year levy chargeback. The prior year levy chargeback relates to prior year refunds of property taxes as determined by a municipality within the District. The following chart represents the percentage of the levy as it relates to each levy.
The following tables illustrate the tax levy over the course of the past three fiscal years, with the most recent reflected by the change columns, and by municipality.
Levy (By Fund) |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
General Fund | $30,751,626 | $29,733,685 | $40,412,701 | $10,679,016 | 35.9% |
Non-Ref. Debt Svc. | 2,758,183 | 1,749,068 | 2,755,308 | 6,240 | 0.2% |
Referendum, Debt. Svc | 13,291,143 | 14,333,123 | 6,858,789 | (7,474,334) | -52.1% |
Community Sercices | 175,000 | 175,000 | 200,000 | 25,000 | 14.3% |
Chargeback | 18,752 | 3,828 | 1,002 | (2,826) | -73.8% |
Total Levy | $46,994,704 | $46,994,704 | $50,227,800 | $3,233,096 | 6.9% |
Levy (By Municipality) |
2021-22 Actual |
2022-23 Actual |
2023-24 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
City of Janesville | $42,674,714 | $42,724,866 | $45,626,026 | $2,901,160 | 6.8% |
Town of Harmony | 7,669 | 7,334 | 7,879 | 545 | 7.4% |
Town of Janesville | 1,990,918 | 2,063,704 | 2,157,649 | 93,945 | 4.6% |
Town of La Prairie | 494,651 | 444,105 | 517,059 | 72,954 | 16.4% |
Town of Rock | 1,826,752 | 1,754,695 | 1,919,187 | 164,492 | 9.4% |
Total Levy | $46,994,704.00 | $46,994,704 | $50,227,800 | $3,233,096 | 6.9% |
Budget Adoption Format - Revenues, Fund 10
Budget Book 2023-24
ADA Compliant Budget Book 2023-24
- School District of Janesville
- Introduction / District Overview
- District Funds
- Building the Budget
- General Fund (10) Revenues
- Special Education
- General Operation Funds (10 and 27)
- Debt Services Fund (38 & 39)
- Capital Funds (46 & 49)
- Food Service
- Employee Benefits Trust Fund
- Special Revenue Trust Fund
- Enrollment & Membership
- Revenue Limit Authority
- Property Tax Information
- Tax Levy
- Budget Adoption Format - Revenues, Fund 10
School District of Janesville
Introduction / District Overview
NTRODUCTION
The Business Services Group is pleased to present the 2023-24 School District of Janesville (“SDJ”) budget.
A balanced budget is being presented to the Board of Education for approval on October 24, 2023. As a
result of the COVID-19 pandemic, the District is receiving federal grants to support its response. The
District is using funds to offer a robust online instruction platform, reduce class size at the elementary
level, maintain secondary instructional pathways, invest in sanitation efforts, install bottle filling stations,
provide personal protective equipment such as face masks, and improve indoor air quality. In aggregate,
the District will receive over $27 million in federal funding through three different Elementary and
Secondary School Emergency Relief (“ESSER”) and Governor’s Emergency Education Relief (“GEER”)
Funds. The funds are provided on a cost-reimbursement basis, meaning the District must incur costs and
then be reimbursed. Some of these funds are received by the District and are required to be allocated to
private schools. Some of these federal funds were used during the 2020-21 through 2022-23 fiscal years,
and most of the remainder will be used during the 2023-24 fiscal year. A portion may carryover to fiscal
year 2024-25. Of the remaining funds, a portion will be used for indoor air quality at Franklin Middle
School and social distancing in greenhouses at Craig and Parker High Schools.
DISTRICT OVERVIEW
The School District of Janesville serves over 9,300 pre-kindergarten through 12th grade students in 20
schools. As one the largest school districts in the State of Wisconsin, our instructional programs are
provided in two comprehensive high schools (9-12), three middle schools (6-8), twelve elementary schools
(K-5), and twelve P4J Community Partnership sites (4-year-old early learners). In addition, we serve
students in three charter schools: Rock University High School, Rock River Charter School, and Arise Virtual
Academy. The District is committed to preparing our students to enter the world beyond the classroom
as life-long learners with strong academic skills and a sense of self. The District is ensuring that every
graduate is college and/or career ready.
In November 2020, the District received support from electors in the form of two referenda. The first
provides $22.5 million for safety, security, and facility improvements. The second provides four years of
support in addition to our revenue limit to meet operational needs of the District. The operating
referendum provides an additional $11.5 million for 2023-24 to support:
- ongoing investment in curricular resources such as language arts
- maintain instructional technology for students and staff
- preserve reasonable class sizes
- attract and retain qualified educators and support staff
BUDGET DOCUMENT
The 2023-24 budget is being presented by fund. Prior-year data presented are actual values and not
budgeted amounts. The 2022-23 actual data have been subject to audit, but as of the release of the
budget, are not yet available in report form.
The data presented are not a collection of program-oriented budgets displaying what each program costs,
but rather, a cost accounting budget presented by functional areas describing the purpose for which
expenditures are made. This is consistent with the Wisconsin Uniform Financial Accounting Requirements
(“WUFAR”) structure and the budget presentation format required by §65.90, Wis. Stats. Narrative
explanations detailing the WUFAR system are provided throughout the document to provide additional
context.
The budget is based upon information known and decisions made through October 19, 2023. The October
15 certification of general/equalization aid and related adjustments to the revenue limit computation are
incorporated in to the budget presented here. However, additional modifications to the budget may
occur prior to the budget hearing and levy certification meeting.
So as to meet the needs of students, careful administration of the budget plan is essential to achieving
short-term and long-term strategic direction and the financial health of the District.
On behalf of the entire Business Services Group, we look forward to an exciting and successful school year
in 2023-24.
Dan McCrea, SFO
Chief Financial Officer
Matthew Sylvester-Knudtson, CPA
Director of Finance
Tami Carlson
Financial Analyst / Grants Mgr.
District Funds
Wisconsin school finance practices and generally-accepted accounting principles require that the District segregate financial transactions into distinct accounting entities, called funds. Funds are used to report on-going annual costs of operating the district, to account for capital projects financed through borrowing, or to place
certain revenues and expenses in a trust. SDJ utilizes the following funds for budgetary purposes:
- General Fund $142,986,979
- Special Education Fund $22,666,080
- Debt Service Funds $12,275,138
- Capital Funds $13,061,409
- Food Service Fund $6,150,000
- Community Svc. Fund $200,000
- All-Fund Expenditures $197,339,606
Debt service funds include all transactions related to the payment of general obligation debt and refinancing of debt.
Capital funds are created whenever acquired resources are restricted for the acquisition or construction of specific capital projects or purchase of capital items.
The community service fund allows for the segregation of financial transactions related to community use of facilities and programs operated for the benefit of the entire community.
All revenues, expenditures, and changes in fund balance for each fund are accounted for separately and reported to DPI.
The District also operates and manages the following funds, which are not included in total budgeted District expenditures: Employee Benefit Trust Fund (Fund 73) – The OPEB Trust Fund accounts for resources held in trust for post-employment benefit plans legally established as an irrevocable trust.
Special Revenue Trust Fund (Fund 21) – Accounts for gifts and donations to the District.
Building the Budget
The budget development process generally begins the December prior to start of the fiscal year and is when budget assumptions are developed based on the State of Wisconsin’s biennial budget and local determinations.
2023-24 BUDGET DEVELOPMENT ASSUMPTIONS – APRIL 2023 (ACTUAL)
Budget development assumptions create parameters, at a high level, that guide both administration and the Board of Education during the budget modeling and development process. Budget planning will remain conservative student enrollment (all students) and full time equivalent for resident students.
Planning for the district’s 2023-24 budget is a challenge because of the unknowns related to the State’s 2023-25 biennial budget cycle, which begins on July 1 but is not yet legislated nor signed by the Governor. There are many elements within the biennial budget which have a direct impact on Wisconsin school districts; there are three to highlight: 1) allowable increases in revenue limit authority, 2) equalization aid, and 3) the level of special education reimbursement. Each of the three highlighted elements may or may not impact the district’s budget. District administration will model various scenarios.
FINANCIAL MANAGEMENT
- District Administration will present, and the Board of Education will adopt, a balanced budget that meets the needs of the District’s students.
- The District’s fund balance will not be utilized for recurring expenses.
- The District will model the mil rate effect of pre-paying (defeasing) its long-term Fund 39 debt obligation.
- The District will secure a line of credit for the 2023-24 fiscal year, related to the historically low November cash point, prior to the December state aid payment.
- The Board will utilize its full authority to levy within the allowable revenue limit.
- ESSER III, or any federal pandemic relief provided to the district, will be used to supplement rather than supplant district expenses.
- Property values are assumed to increase by 2%.
- REVENUE Per Student Categorical Aid (outside the district’s revenue limit authority)
- The 2023-24 per pupil categorical aid increase $100 per FTE. No increase afforded in the biennial budget.
- State Equalization Aid
- The 2023-24 General Equalization Aid will be comparable to the prior year. The actual increase is $2,070,505.
Categorical Aid
- Reimbursement for special education funding will be modeled at 35%. The estimated reimbursement rate is 33% of prior year eligible costs.
Revenue Limit Authority
- The allowable revenue limit increase will be modeled at various amounts per FTE. A base FTE, using the September FTE count will be used. Preceding September FTE counts have been:
- a. 2016 – 9,780
- b. 2017 – 9,668
- c. 2018 – 9,528
- d. 2019 – 9,370
- e. 2020 – 9,070
- f. 2021 – 9,051
- g. 2022 – 9,108
- h. 2023 – 9,111 Actual 9,108
- For budget planning purposes the District’s summer school student FTE will remain at 85.
Actual 76.
- Independent Charter School (ICS) membership count is estimated to remain at the September 2022 value of 17. Actual 24.6.
- The district will be in year three ($11,500,000) of a four-year non-recurring operational referendum to exceed revenue limit authority. As a step referendum, year three represents a $4,000,000 increase. In terms of overall revenue limit authority, it should be noted that fluctuating membership impacts the district’s final, September 2023, revenue limit authority.
Open Enrollment / Tuition Programs (outside the district’s revenue limit authority)
- For budget planning purposes, the district’s September open enrollment-in will remain status quo at $4,950,000 and open enrollment-out expenses will remain at $4,450,000. Budgeted open enrollment revenue is $5,000,000 with expenses budgeted at $5,200,000.
- Janesville International Exchange Program (JIEP) will initially be budgeted at $503,000 revenue. The actual JIEP budget reflects equal revenues and expenses.
Fund 10 & 27 Grant Revenue, State and Federal Sources
- Exclusive of ESSER funding, Federal and State grant award revenue will be budgeted at prior year levels.
Parker Arts Academy
- Private funding for the Parker Arts Academy concluded during the 2022-23 year.
EXPENSES
- The District will utilize a cast forward model consisting of the budgeted 2022-23 expenses, less administrative recommendations.
- The district will forecast scenarios relative to the district’s obligation to bargain in good faith subject to the allowable July 1, 2023, CPI-U base wage percentage increase.
- The District will budget for a 9% increase in health insurance. Actual approx. 1%.
- The District will budget for a 0% increase in dental insurance.
- The District will budget a 5.0% increase transportation expenses
- The District will budget a $150,000 increase in utility expenses.
STAFFING
- The 2023-2024 staffing plan outcomes, BOE adopted on March 28, 2023, are factored within the budget developed to date.
General Fund (10) Revenues
The following chart and table illustrate the District’s General Fund (10) revenues, by source, beginning with the 2021-22 fiscal year to current. District revenues include approximately $6 million additional ESSER and similar funding compared to the prior year, and approximately $3.7 million less of revenue compared to the prior year due to a new lease in 2022-23. Without the two aforementioned sources, revenues would have increased approximately 7.8%. In the context of all Fund 10 revenues, approximately 56% is derived from state sources and 29% from local sources.
Revenues (By Source) | 2021 - 22 Actual | 2022-23 Actual | 2023-24 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Local | $33,127,642 | $32,581,602 | $41,804,243 | $9,222,641 | 28.3% |
Other School Districts | 5,154,379 | 4,910,786 | 5,028,000 | 117,214 | 2.4% |
Intermediate | 9,400 | 8,000 | 0 | (8,000) | -100.0% |
State | 76,002,384 | 79,253,497 | 80,533,966 | 1,280,469 | 1.6% |
Federal | 8,076,600 | 9,976,463 | 15,360,070 | 5,383,607 | 54.0% |
Other | 6,914,456 | 4,350,968 | 260,700 | (4,090,268) | -94% |
Total | $129,284,861 | $131,081,316 | $142,986,979 | $11,905,663 | 9.1% |
GENERAL FUND (10) – EXPENSES
The following chart and table illustrate the District’s General Fund (10) expenses beginning with the 2022-23 fiscal year to the current fiscal year. Compared to the prior year, expenses decreased by approximately $4 million due to ESSER and similar funding, and increased by approximately $2 million due to a new lease in 2024-25. In absence of these two items, expenses would have increased approximately 3.5%.
Expenses (By Function) | 2022-23 Actual | 2023-24 Actual | 20224-25 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Instruction | $63,645,170 | $61,665,219 | $66,511,507 | $4,846,288 | 7.9% |
Pupil Services | 5,546,265 | 5,747,519 | 5,305,463 | (422,056) | -7.7% |
Instructional Staff Svcs. | 8,616,578 | 8,860,148 | 9,374,675 | 514,527 | 5.8% |
General Admin | 640,521 | 615,672 | 715,484 | 99,812 | 16.2% |
School Bldg. Admin. | 6,699,261 | 7,200,777 | 7,430,482 | 229,705 | 3.2% |
Buisness Admin. | 16,324,754 | 25,139,731 | 23,197,652 | (1,942,079) | -7.7% |
Central Services | 1,923,098 | 1,941,756 | 2,097,586 | 155,830 | 8.0% |
Insurance & Judgmt. | 927,865 | 995,094 | 1,428,000 | 432,906 | 43.5% |
Debt. Service | 2,624,487 | 1,705,053 | 2,635,000 | 929,947 | 54.5% |
Other Support Svcs. | 3,109,565 | 4,411,332 | 3,353,423 | (1,057,909) | -24.0% |
Transfers | 13,254,933 | 18,190,883 | 15,643,313 | (2,547,570) | -14.0% |
Instructional Svc. Pmts | 6,856,796 | 7,825,464 | 8,944,450 | 1,118,986 | 14.3% |
Other Transactions | 310,029 | 83,780 | 150,000 | 66,220 | 79.0% |
Total | 130,479,322 | 144,382,428 | 146,787,035 | 2,404,607 | 1.7% |
Fund Balance | $25,464,065.03 | $26,365,985.05 | $26,365,985.05 | - | 0.0% |
Special Education
SPECIAL EDUCATION FUND (27) – REVENUES
The following chart and table illustrate the District’s Special Education Fund (27) revenues, by source, beginning with the 2022-23 fiscal year to the current fiscal year. The projected increase in revenue is due, in part, to some staff costs in being expensed to ESSER and the IDEA Flow Through grants and a higher transfer from Fund 10.
Revenue By source |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Transfers | $12,094,933 | $13,719,346 | $15,643,313 | $1,923,967 | 14% |
Local | - | 1,960 | - | (1,960) | -100% |
Other School Districts | 27,146 | 7,040 | 7,000 | () | % |
State | 5,558,802 | 5,942,159 | 6,080,000 | 137,841 | 2.3% |
Federal | 3,475,156 | 3,029,128 | 3,703,231 | 674,103 | 22.3% |
Total | $21,156,037 | $22,699,633 | $25,433,544 | $2,733,911 | 12.0% |
SPECIAL EDUCATION FUND (27) – EXPENSES
The following chart and table illustrate the District’s Special Education Fund (27) expenses beginning with the 2022-23 fiscal year to the current fiscal year. Increases in cost are primarily driven by increased staffing levels and budgeting for exposure, including positions vacant at this time
Expenses By Function |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Instruction | $15,882,432 | $17,074,998 | $19,321,384 | $2,246,386 | 13.2% |
Pupil Services | 2,819,576 | 2,923,619 | 3,204,975 | 281,356 | 9.6% |
Instructional Staff Serv. | 853,918 | 942,894 | 992,230 | 49,336 | 5.2% |
General Admin. | 20,362 | 11,156 | 20,000 | 8,844 | 79.3% |
Business Admin. | 1,172,806 | 1,263,950 | 1,349,955 | 86,005 | 6.8% |
Central Services | 16,187 | 15,555 | 25,000 | 9,445 | 60.7% |
Instructional Svc. Pmts. | 390,756 | 467,461 | 520,000 | 52,539 | 11.2% |
Total | $21,156,037 | $22,699,633 | $25,433,544 | $2,733,911 | 12.0% |
General Operation Funds (10 and 27)
GENERAL OPERATING FUNDS (10 AND 27)
Over half of the financial support for special education services is provided via a transfer from the General Fund (10). Because of this reliance, and because special education is a component of the broad instructional services the District provides, these funds are occasionally blended. When done so, the net totals may be considered the District’s operating budget. The values illustrated are net of the inter-fund transfer.
Revenues: | 2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Local | $32,581,602 | $42,499,714 | $44,411,808 | $1,912,094 | 4.5% |
Other School Districts | 4,937,932 | 5,022,143 | 5,235,000 | 212,857 | 4.2% |
Intermediate | 14,118 | 88,941 | 94,179 | 5,238 | 5.9% |
State | 84,812,299 | 87,390,475 | 91,252,104 | 3,861,629 | 4.4% |
Federal | 13,451,619 | 18,032,857 | 13,396,704 | (4,636,153) | -25.7% |
Other | 4,344,850 | 1,230,503 | 2,187,471 | 956,968 | 77.8% |
Total Revenues | $140,142,420 | $154,264,633 | $156,577,266 | $2,312,633 | 1.5% |
Expenses: | 2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Instruction | $79,527,602 | $78,740,217 | $85,832,891 | $7,092,674 | 9.0% |
Pupil Services | 8,365,841 | 8,671,138 | 8,510,438 | (160,700) | -1.9% |
Instructional Staff Svcs. | 9,470,496 | 9,803,042 | 10,366,905 | 563,863 | 5.8% |
General Admin. | 660,883 | 626,828 | 735,484 | 108,656 | 17.3% |
School Bldg. Admin. | 6,699,261 | 7,200,777 | 7,430,482 | 229,705 | 3.2% |
Central Services | 17,497,560 | 26,403,681 | 24,547,607 | (1,856,074) | -7.0% |
Insruance & Judgement | 927,865 | 995,094 | 1,428,000 | 432,906 | 43.5% |
Debt Service | 2,624,487 | 1,705,053 | 2,635,000 | 929,947 | 54.5% |
Other Support Svcs | 3,109,565 | 4,411,332 | 3,353,423 | (1,057,909) | -24.0% |
Transfers | 1,160,000 | 4,471,537 | - | (4,471,537) | -100.0% |
Instructional Svc. Pmts. | 7,247,552 | 8,292,925 | 9,464,450 | 1,171,525 | 14.1% |
Other Transactions | 310,029 | 83,780 | 150,000 | 66,110 | 79.0% |
Total Expenses | $139,540,426 | $153,362,715 | $156,577,266 | $3,214,551 | 2.1% |
Fund Balance | $25,464,065.03 | $26,365,985.05 | $26,365,985.05 | - | 0.0% |
Debt Services Fund (38 & 39)
Fund 38 – Non-Referendum Approved Debt
Fund 38 – Non-Referendum Approved Debt
Fund 38 debt, within the District’s revenue limit authority, accounts for debt related to the merger of the two Wisconsin retirement systems and the District’s use of the Act 32 Energy Exemption for work related to facility improvements, predominately at Edison Middle School, replacing outdated boilers and other mechanical, electrical, and plumbing systems. Act 32 is no longer available for Wisconsin school districts. In 2019, the District refinanced debt related to the merged retirement systems saving $1,566,860 or $150,000 a year on an annual basis.
During 2023-24, the District defeased $5,275,000 of principal related to the retirement-system debt.
Debt service is levied on the calendar year basis, but budgeted for on the fiscal year basis.
At the end of the 2024-25 fiscal year, the following debt balances will be outstanding.
- Act 32 $3,185,000
- Retirement-system $0
Fund 38 Non-Referendum Debt |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Levy | $2,749,068 | $2,755,308 | $2,645,303 | $(110,005) | -4.0% |
Transfers | - | 4,221,537 | - | (4,221,537) | -100.0% |
Other Revenue | 25,024 | 40,041 | 20,000 | (20,041) | -50.1% |
Total Revenue | 2,774,092 | 7,016,886 | 2,665,303 | (4,351,583) | -62.0% |
Principal | 2,415,000 | 7,766,650 | 2,525,000 | (5,241,650) | -67.5% |
Interest | 364,053 | 304,083 | 200,784 | (103,289) | -34.0% |
Total Expenses | 2,779,053 | 8,070,733 | 2,725,794 | (5,344,939) | -66.2% |
Fund Balance | $777,536.59 | $131,003.51 | $70,512,51 | ($60,491) | -46.2% |
Fund 39 – Referendum Approved Debt
The District’s Fund 39 debt relates to the 2006 approved referendum for the purpose of building renovations at Craig and Parker High Schools, and various elementary schools, and the 2020 capital referendum. The 2023-24 budget does not include an allowance for defeasing Fund 39 debt.
At the end of the 2024-25 fiscal year, the following debt balances will be outstanding.
- 2016 Issuance $1,300,000
- 2020 Issuance $295,000
Fund 39 Non-Referendum Debt |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Levy | $14,333,123 | $6,858,789 | $5,966,749 | $(892,040) | -13.0% |
Other Revenue | 77,668 | 20,606 | 10,000 | (10,606) | -51.5% |
Total Revenue | 14,410,791 | 6,879,395 | 5,976,749 | (902,646) | -13.1% |
Principal | 13,663,900 | 6,445,000 | 5,735,000 | (710,000) | -11.0% |
Interest | 976,825 | 55,055 | 287,300 | (263,755) | -47.9% |
Other | 13,900 | - | - | - | 0.0% |
Total Expenses | 14,654,625 | 6,996,055 | 6,022,300 | (973,755) | -13.9% |
Fund Balance | $429,658.65 | $312,998.39 | $267,447.39 | $(45,551) | -14.6% |
Capital Funds (46 & 49)
Fund 46 – Long-Term Capital Improvement
In 2015, the Board of Education acted to establish a long-term capital improvement fund, which could not be utilized until five years after its inception. Investing in this fund is accomplished by transferring funds from Fund 10 to 46 during a given fiscal year or no later than July 30 following fiscal-year-end. Expenses for 2023-24 related to capital projects at Edison and Franklin Middle Schools and Craig and Parker High Schools.
Fund 46 Long-Term Cap. Improv. |
20122-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Transfer | $1,160,000 | $250,000 | $- | $(250,000) | -100.0% |
Other Revenue | 167,007 | 436,299 | 200,000 | (236,299) | -54.2% |
Total Revenue | 1,327,007 | 686,299 | 200,000 | (486,299) | -70.9% |
Construction- Related | - | 2,744,966 | - | (2,744,966) | -100.0% |
Total Expenses | - | 2,744,966 | - | (2,744,966) | -100.0% |
Fund Balance | $12,676,826.22 | $10,707,566.60 | $10,907,566.60 | $200,000 | 1.9% |
Fund 49 – Capital Projects
Upon issuance of the 2020 referendum-approved debt, a capital projects fund was established to account for the costs associated with those projects.
Fund 49 Captial Projects |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Other Revenue | $496,823 | $275,921 | $100,000 | $(175,921) | -63.8% |
Total Revenue | 496,823 | 275,921 | 100,000 | (175,921) | -63.8% |
Construction-Related | 5,713,070 | 1,052,007 | 7,185,323 | 6,133,316 | 583.0% |
Total Expenses | 5,713,070 | 1,052,007 | 7,185,323 | 6,133,316 | 583.0% |
Fund Balance | $7,861,409.59 | $7,085,323.83 | $.83 | $(7,085,323) | -100.0% |
Food Service
The District self-operates its school food service program, absent from the local levy, serving breakfast and lunch in participation with the United States Department of Agriculture, National School Lunch Program.
Fund 50 Food Service |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Food Sales | $1,007,193 | $961,553 | $950,000 | $ (11,553) | -1.2% |
State | 80,081 | 97,358 | 80,000 | (17,358) | -17.8% |
Federal | 5,427,261 | 5,444,309 | 5,290,000 | (154,309) | -2.8% |
Other Revenue | 123,999 | 186,043 | 80,000 | (106,043) | -57.0% |
Total Revenue | 6,638,534 | 6,689,263 | 6,400,000 | (289,263) | -4.3% |
Maintenance/ Facilities | 33,312 | 26,937 | 30,844 | 3,907 | 14.5% |
Food Service | 5,851,825 | 6,357,502 | 6,261,786 | (95,716) | -1.5% |
Internal Services | 47,540 | 50,011 | 52,370 | 2,359 | 4.7% |
Other | 6,360 | 24,519 | 55,000 | 30,481 | 124.3% |
Total Expenses | $5,939,037 | $6,458,969 | $6,400,000 | $(58,969) | -09% |
Fund Balance | $3,988,437.04 | $4,218,731.23 | $4,218,731.23 | $- | 0% |
Employee Benefits Trust Fund
The District established Fund 73 as a mechanism to account for post-employment benefit obligations such as health insurance. The District, generally, makes both annual contributions to and withdrawals from the fund. The District’s expenses related to post-employment benefits are decreasing over time, related to the reduction of such benefits.
As a fiduciary fund, a budget is not required to be established for Fund 73.
Fund 73 OPEB Trust |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
District Contributions | $2,724,590 | $2,650,000 | $0 | $(2,650,000) | -100.0% |
Retiree Contributions | 114,014 | 185,807 | - | (185,807) | -100.0% |
Other Revenue | 198,832 | 405,006 | - | (405,006) | -100.0% |
Total Revenue | 3,037,436 | 3,240,813 | - | (3,240,813) | -100.0% |
Benefits Paid | 1,395,719 | 1,374,989 | - | (1,374,989) | -100.0% |
Implicit Rate Subsidy | 804,676 | 838,574 | - | (2,213,563) | -100.0% |
Total Expenses | $2,200,385 | $2,213,563 | $0 | $(2,213,563) | -100.0% |
Fund Balance | $9,087,738.31 | $10,114,988.79 | $10,114,988.79 | $0 | 0.0% |
Special Revenue Trust Fund
Fund 21 accounts for gifts and donations to the District.
As donations and expenditures are not always known, a budget is not established for Fund 21.
Fund 21 Special Revenue Trust |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount |
Change Percent |
---|---|---|---|---|---|
Donations | $533,180 | $651,071 | $0 | $(651,071) | -100.0% |
Other Revenue | 231,331 | 218,396 | 0 | (218,396) | -100.0% |
Total Revenue | 764,439 | 869,467 | 0 | (869,467) | -100.0% |
Instructional | 588,670 | 639,398 | 0 | (639,398) | -100.0% |
Support Services | 102,623 | 89,266 | 0 | (89,266) | -100.0% |
Scholarships | 17,798 | 29,867 | 0 | (29,867) | -100.0% |
Other | 0 | 0 | 0 | 0 | 0.0% |
Total Expenses | 709,091 | 758,531 | 0 | (758,531) | -100.0% |
Fund Balance | $1,108,901.46 | $1,219,839.39 | $1,219,837.39 | $0 | 0.0% |
COMMUNITY SERVICE FUND (80)
In 2019, the Board of Education embraced the opportunity to support early literacy utilizing a Fund 80 levy as a financial vehicle. For 2023-24, the levy includes $25,000 in support of Bags of Hope staff. A substantial amount of revenue, via donations, flow through Fund 80 to support community programs (e.g., Bags of Hope).
Fund 80 Community Service |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount |
Change Percent |
---|---|---|---|---|---|
Levy | $175,000 | $200,000 | $175,000 | $(25,000) | -12.5% |
Donations | 151,487 | 133,902 | 0 | (133,902) | -100.0% |
Total Revenue | 326,487 | 333,902 | 175,000 | (158,902) | -47.6% |
Early Literacy | 151,939 | 170,140 | 0 | (170,140) | -100.0% |
Bags of Hope | 122,417 | 135,445 | 0 | (135,455) | -100.0% |
Total Expenses | 384,823 | 424,375 | 200,000 | (224,375) | -52.9% |
Fund Balance | $313,477.64 | $341,494.60 | $316,494.60 | $(25,000.00) | -7.3% |
Enrollment & Membership
All Wisconsin school districts conduct a third Friday in September count as well as second Friday in January count. The September count generates a membership count of students actively attending the School District of Janesville or any other public school (“Members”). This count is used to calculate the District’s revenue limit, by factoring the full-time equivalency (FTE) of each student (“Membership FTE”). Enrollment represents the headcount of students attending any school within the District, regardless of school district residency.
Within the revenue limit worksheet, summer school membership is added to the September membership value. The following chart illustrates the September enrollment, members, and membership FTE. Summer school FTE is not included.
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Enrollment | 10,310 | 10,275 | 10,146 | 10,063 | 9,898 |
Members | 10,165 | 10,039 | 9,935 | 9,825 | 9,643 |
Membership FTE | 9,898 | 9,780 | 9,668 | 9,528 | 9,370 |
Revenue Limit Authority
In 1993, the State of Wisconsin instituted revenue limits for Wisconsin public schools. The
following table illustrates, since 2005-06, the revenue limits the School District of Janesville has
operated under. The identified values indicate the allowable increase per member on a threeyear
rolling average.
following table illustrates, since 2005-06, the revenue limits the School District of Janesville has
operated under. The identified values indicate the allowable increase per member on a threeyear
rolling average.
Base revenue is key to a District’s long-term financial health. One of the best comparable data points between and among school districts is base revenue (line seven of the revenue limit worksheet). The District’s base revenue has been decreasing over time as non-recurring exemptions expire. The uptick for 2023-24 relates to the low revenue limit ceiling increasing to $11,000 per member, up from $10,000 and increased for 2024-25 due to a State-afforded increase of $325.
The District’s need to seek an operating referendum was a direct result of decreasing membership and decreasing base revenue, each of which are factored into the District’s financial forecast model.
Property Tax Information
The District’s property tax is frequently measured in an amount per $1,000 of property value (mil rate). The following table illustrates the mil rate trend since 2015-16. The recent mil rate reductions are due, in part, to a higher-than-average increase in equalized property values.
2023‐24 ROCK COUNTY MIL RATES OVER TIME
Historically, the School Districts of Janesville and Milton have had the lowest rates in Rock County. Milton had not carried debt until their recent debt referendum, thus the increase from 2018‐19 to 2019‐20. Prior year data is illustrated as current year mil rates have not yet been set.
Tax Levy
The District’s tax levy is comprised of five elements, representing four funds and, if applicable any given year, the prior year levy chargeback. The prior year levy chargeback relates to prior year refunds of property taxes as determined by a municipality within the District. The following chart represents the percentage of the levy as it relates to each levy.
The following tables illustrate the tax levy over the course of the past three fiscal years, with the most recent reflected by the change columns, and by municipality.
Levy (By Fund) |
Actual |
---|---|
General Fund | $42,767,013 |
Non-Ref. Debt Svc. | 2,645,303 |
Referendum, Debt. Svc | 6,076,882 |
Community Sercices | 175,000 |
Chargeback | 4,162 |
Levy (By Fund) |
2022-23 Actual |
2023-24 Actual |
2024-25 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Genral Fund | $29,733,685 | $40,412,701 | $42,767,013 | $2,354,312 | 5.8% |
Non-Ref. Debt Svc. | 2,719,068 | 2,755,308 | 2,645,303 | (110,005) | -4.0% |
Referendum Debt Svc | 14,333,123 | 6,858,789 | 6,076,882 | (781,907) | -11.4% |
Community Service | 175,000 | 200,000 | 175,000 | (25,000) | -12.5% |
Chargebacks | 3,828 | 1,002 | 4,162 | 3,160 | 315.4% |
Total Levy | $46,994,704 | $50,227,800 | $51,668,360 | $1,440,560 | 2.9% |
Levy by
(By Municipality)
Actual
Actual
Budget
Budget Adoption Format - Revenues, Fund 10
Budget Book 2022-23
ADA Compliant Budget Book 2022-2023
- School District of Janesville
- Introduction / District Overview
- Budget Document
- District Funds
- Building the Budget
- General Fund (10) Revenues
- Special Education
- General Operation Funds (10 and 27)
- Debt Services Fund (38 & 39)
- Capital Funds (46 & 49)
- Food Service
- Employee Benefits Trust Fund
- Special Revenue Trust Fund
- Enrollment & Membership
- Revenue Limit Authority
- Property Tax Information
- 2022-23 Tax Levy
- Budget Adoption Format - Revenues, Fund 10
School District of Janesville
Introduction / District Overview
INTRODUCTION
The Business Services Group is pleased to present the 2022‐23 School District of Janesville (“SDJ”) budget. A balanced budget is being presented to the Board of Education for approval on October 25, 2022. As a result of the COVID‐19 pandemic, the District is receiving federal grants to support its response. The District is using funds to offer a robust online instruction platform, reduce class size at the elementary level, maintain secondary instructional pathways, invest in sanitation efforts, install bottle filling stations, provide personal protective equipment such as face masks, and improve indoor air quality. In aggregate, the District will receive over $27 million in federal funding through three different Elementary and Secondary School Emergency Relief (“ESSER”) and Governor’s Emergency Education Relief (“GEER”) Funds. The funds are provided on a cost‐reimbursement basis, meaning the District must incur costs and then be reimbursed. Some of these funds are received by the District and are required to be allocated to private schools. Some of these federal funds were used during the 2020‐21 and 2021‐22 fiscal years,some will be used during the 2022‐23 fiscal year, and remaining funds will be carried forward to future fiscal years.
During the 2021‐22 school year, in response to COVD‐19 and the use of ESSER II and III, the District engaged stakeholders, and evaluated and prioritized options for the use of the provided funding. COVID‐ 19 response funding is broadly targeted towards:
- Preparedness and Response to COVID 19
- Addressing Long‐Term School Closure
- Educational Technology
- Outreach & Service Delivery to Special Populations
- Addressing Afterschool and Summer Learning
- Mental Health Service and Supports
DISTRICT OVERVIEW
The School District of Janesville serves over 9,400 pre‐kindergarten through 12th grade students in 21 schools. As one the largest school districts in the State of Wisconsin, our instructional programs are provided in two comprehensive high schools(9‐12), three middle schools(6‐8), twelve elementary schools (K‐5), and twelve P4J Community Partnership sites (4‐year‐old early learners). In addition, we serve students in four charter schools: Rock University High School, Rock River Charter School, TAGOS Leadership Academy, and Arise Virtual Academy. The District is committed to preparing our students to enter the world beyond the classroom as life‐long learners with strong academic skills and a sense of self. The District is ensuring that every graduate is college and/or career ready.
In November 2020, the District received support from electors in the form of two referenda. The first provides $22.5 million for safety, security, and facility improvements. The second provides four years of support in addition to our revenue limit to meet operational needs of the District. The operating referendum provides an additional $7.5 million for 2022‐23 to support:
- ongoing investment in curricular resources such as language arts
- maintain instructional technology for students and staff
- preserve reasonable class sizes
- attract and retain qualified educators and support staff
Budget Document
The 2022‐23 budget is being presented by fund. Prior‐year data presented are actual values and not budgeted amounts. The 2021‐22 actual data have been subject to audit, but as of the release of the budget, are not yet available in report form.
The data presented are not a collection of program‐oriented budgets displaying what each program costs, but rather, a cost accounting budget presented by functional areas describing the purpose for which expenditures are made. Thisis consistent with the Wisconsin Uniform Financial Accounting Requirements (“WUFAR”) structure and the budget presentation format required by §65.90, Wis. Stats. Narrative explanations detailing the WUFAR system are provided throughout the document to provide additional context.
The budget is based upon information known and decisions made through October 17, 2022. The October 15 certification of general/equalization aid and related adjustments to the revenue limit computation are incorporated in to the budget presented here.
So as to meet the needs of students, careful administration of the budget plan is essential to achieving short‐term and long‐term strategic direction and the financial health of the District.
On behalf of the entire Business Services Group, we look forward to an exciting and successful school year in 2022‐23
Dan McCrea, SFO
Chief Financial Officer
Matthew Sylvester-Knudtson, CPA
Director of Finance
Tami Carlson
Financial Analyst / Grants Mgr.
District Funds
Wisconsin school finance practices and generally‐accepted accounting principles require that the District segregate financial transactions into distinct accounting entities, called funds. Funds are used to report on‐going annual costs of operating the district, to account for capital projects financed through borrowing, or to place certain revenues and expenses in a trust. SDJ utilizes the following funds for budgetary purposes:
- General Fund (Fund 10) $137,336,796
- Special Education Fund (Fund 27) $21,828,488
- Debt Service Funds (Funds 38 & 39) $17,197,863
- Capital Funds (Funds 46 & 49) $8,152,656
- Food Service Fund (Fund 50) $5,500,000
- Community Service Fund (Fund 80) $175,000
- All-Fund Expenditures $190,190,803
Debt service funds include all transactions related to the payment of general obligation debt and refinancing of debt.
Capital funds are created whenever acquired resources are restricted for the acquisition or construction of specific capital projects or purchase of capital items.
The community service fund allows for the segregation of financial transactions related to community use of facilities and programs operated for the benefit of the entire community.
All revenues, expenditures, and changes in fund balance for each fund are accounted for separately and reported to DPI.
The District also operates and manages the following funds, which are not included in total budgeted District expenditures:
Employee Benefit Trust Fund (Fund 73) – The OPEB Trust Fund accounts for resources held in trust for post‐employment benefit plans legally established as an irrevocable trust.
Special Revenue Trust Fund (Fund 21) – Accounts for gifts and donations to the District
Building the Budget
The budget development process generally begins the December prior to start of the fiscal year and is when budget assumptions are developed based on the State of Wisconsin’s biennial budget and local determinations. The 2022‐23 budget represents the second year of the State’s 2021‐23 biennial budget. Through this budget, the District will not realize a change in per‐pupil revenue limit or per‐pupil adjustment aid.
2022‐23 BUDGET DEVELOPMENT ASSUMPTIONS
Budget development assumptions create parameters, at a high level, that guide both administration and the Board of Education during the budget modeling and development process. Budget planning during a pandemic will remain conservative, in particular, student enrollment (all students) and full time equivalent for resident students.
FINANCIAL MANAGEMENT
- District Administration will present and the Board of Education will adopt a balanced budget that meets the needs of the District’s students.
- The District’s fund balance will not be utilized for recurring expenses.
- The District will model the mil rate effect of pre‐paying (defeasing) its long‐term Fund 39 debt obligation.
- The District willsecure a line of credit for the 2022‐23 fiscal year, related to the historically low November cash point, prior to the December state aid payment.
- The Board will utilize its full authority to levy within the allowable revenue limit.
- ESSER grants provided to the district, will be used to supplement rather than supplant district expenses.
REVENUE
Per Student Categorical Aid (outside the district’s revenue limit authority)
- The 2022‐23 per pupil categorical aid increase $0.00 per FTE. State Equalization Aid
- The 2022‐23 General Equalization Aid increase for the District will be $0.00. Categorical Aid
- Reimbursement for special education funding will remain unchanged from the current prorated amount of approximately 30%.
Revenue Limit Authority
- The allowable revenue limit increase will be $0.00 per FTE. A base FTE, using the September FTE count will be used. Preceding September FTE counts have been:
- a. 2016 – 9,780
- b. 2017 – 9,668
- c. 2018 – 9,528
- d. 2019 – 9,365
- e. 2020 – 9,070
- f. 2021 – 9,051
- g. 2021 – 9,051 – assumption
- For budget planning purposes the District’s summer school student FTE will remain at 79.
- The district will be in year two of a four‐year non‐recurring operational referendum to exceed revenue limit authority, which will provide $4,000,000 of additional grossrevenue limit authority compared to the prior year (for a total of $7,500,000). The actual amount realized will be less due to declining student membership.
Open Enrollment / Tuition Programs (outside the district’s revenue limit authority)
- For budget planning purposes, the District’s open enrollment‐in will maintain a net open enrollment in amount similar to the prior year.
- Janesville International Exchange Program (JIEP) will initially be budgeted at prior year enrollment levels.
Fund 10 & 27 Grant Revenue, State and Federal Sources
- Federal and State grant award revenue will be budgeted at prior year level
EXPENSES
- The District will utilize a cast forward model consisting of the budgeted 2022‐23 expenses.
- The District will budget for a 4.7% increase in base wages, subject to the allowable July 1, 2022 CPI‐U percentage.
- The District will budget for a 9% increase in health insurance.
- The District will budget for a 4% increase in dental insurance.
- The District will budget for a 1% increase in other expenses.
STAFFING
- Staffing plan assumptions are developed within the guidelines established by Board Policy 4221.
- a. TPR of 1:25 for grades K‐3
- b. TPR of 1:30 for grades 4‐5
- c. TRP of 1:30 for grades 6‐8
- d. TPR of 1:32 for grades 9‐1
General Fund (10) Revenues
The following chart and table illustrate the District’s General Fund (10) revenues, by source, beginning with the 2020‐21 fiscal year to current. District revenues include approximately $10 million additional ESSER and similar funding compared to the prior year, and approximately $2 million less of revenue compared to the prior year due to a change in lease accounting. Without the two aforementioned sources, revenues would have increased approximately 0.2%. In the context of all Fund 10 revenues, approximately 57% is derived from state sources and 23% from local sources.
Revenues (By Source) | 2020-21 Actual | 2021-22 Actual | 2022-23 Budget | Change | |
---|---|---|---|---|---|
Local | $31,097,681 | $31,893,121 | $(1,234,521) | $(1,234,521) | -3.7% |
Other School Districts | 4,517,708 | 5,154,379 | 4,965,000 | (189,379) | -3.7% |
Intermediate | 13,900 | 9,400 | 7,000 | (2,400) | -25.5% |
State | 74,192,517 | 76,002,384 | 78,884,434 | 2,882,050 | 3.8% |
Federal | 7,337,993 | 8,076,600 | 17,726,087 | 9,649,487 | 119.5% |
Other | 3,146,481 | 6,914,456 | 3,861,154 | (3,053,302) | -44.2% |
Total | $120,306,280 | $129,284,861 | $137,336,796 | $8,051,935 | 6.2% |
The following chart and table illustrate the District’s General Fund (10) expenses beginning with the 2020‐21 fiscal year to the current fiscal year. Compared to the prior year, expensesincreased by approximately $10 million due to ESSER and similar funding and decreased by approximately $2 million due to a change in lease accounting. In absence of these two items, expenses would have increased approximately 0.2%.
Expenses (By Function) | 2020-21 Actual | 2021-22 Actual | 2022-23 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Instruction | $60,286,965 | $58,911,026 | $65,038,592 | $6,127,566 | 10.4% |
Pupil Services | 4,493,954 | 4,389,878 | 5,458,712 | 1,068,834 | 24.3% |
Instructional Staff Svcs. | 6,703,780 | 10,576,040 | 8,389,878 | (2,186,406) | -20.7% |
General Admin | 1,338,131 | 783,162 | 759,738 | (23,424) | -3.0% |
School Bldg. Admin. | 6,220,310 | 6,619,469 | 6,667,834 | 48,365 | 0.7% |
Buisness Admin. | 13,846,307 | 15,431,800 | 22,750,656 | 7,318,856 | 47.4% |
Central Services | 1,546,538 | 1,661,821 | 2,115,163 | 453,342 | 27.3% |
Insurance & Judgmt. | 1,085,773 | 919,493 | 1,125,000 | 205,507 | 22.4% |
Debt. Service | 934,578 | 5,407,910 | 2,630,000 | (2,777,910) | -51.4% |
Other Support Svcs. | 2,514,188 | 4,140,859 | 2,860,829 | (1,280,030) | -30.9% |
Transfers | 14,853,727 | 13,294,453 | 12,394,808 | (899,645) | -6.8% |
Instructional Svc. Pmts | 5,833,366 | 6,172,746 | 7,035,830 | 863,084 | 14.0% |
Other Transactions | 87,288 | 142,045 | 110,000 | (32,045) | -22.6 |
Total | $119,744,896 | $128,450,702 | $137,336,796 | $8,886,094 | 6.9% |
Fund Balance | $24,027,911.79 | $24,862,069.96 | $24,862,069.96 | $0 | 0.0% |
Special Education
The following chart and table illustrate the District’s Special Education Fund (27) revenues, by source, beginning with the 2020‐21 fiscal year to the current fiscal year. The projected increase in revenue is due, in part, to some staff costs in being expensed to the ESSER grants in 2022‐23
Revenue By source |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Transfers | $11,353,727 | $11,794,453 | $12,394,808 | $600,355 | 5.1% |
Other School Districts | none | 16,340 | 18,900 | 2,560 | 15.7% |
State | 4,969,280 | 5,120,965 | 5,275,000 | 154,035 | 3.0% |
Federal | 3,769,837 | 3,468,703 | 4,139,780 | 671,077 | 19.3% |
Total | $20,092,844 | $20,400,461 | $21,828,488 | $1,428,027 | 7.0% |
The following chart and table illustrate the District’s Special Education Fund (27) expenses beginning with the 2020‐21 fiscal year to the current fiscal yea
Expenses By Function |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Instruction | $15,347,857 | $15,133,492 | 16,369,931 | $1,236,439 | 8.2% |
Pupil Services | 2,639,338 | 2,802,821 | 2,798,662 | (4,159) | -0.1% |
Instructional Staff Serv. | 785,579 | 854,094 | 832,445 | (21,649) | -2.5% |
General Admin. | 7,470 | 16,570 | 20,000 | 3,430 | 20.7% |
Business Admin. | 1,184,988 | 1,203,886 | 1,485,200 | 281,314 | 23.4% |
Central Services | 8,195 | 16,891 | 27,250 | 10,359 | 61.3% |
Instructional Svc. Pmts. | 119,417 | 239,669 | 295,000 | 55,33 | 23.1% |
Other Transactions | 0 | 133,038 | 0 | (133,038) | -100.0% |
Total | $20,092,844 | $20,400,461 | $21,828,488 | $1,428,027 | 7.0% |
General Operation Funds (10 and 27)
Over half of the financial support for special education services is provided via a transfer from the General Fund (10). Because of this reliance, and because special education is a component of the broad instructional services the District provides, these funds are occasionally blended. When done so, the net totals may be considered the District’s operating budget. The values illustrated are net of the interfund transfer
Revenues: | 2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Local | $31,097,681 | $33,127,642 | $31,893,121 | ($1,234,521) | -3.7% |
Other School Districts | 4,517,708 | 5,170,719 | 4,983,900 | (186,819) | -3.6% |
Intermediate | 13,900 | 9,400 | 7,000 | (2,400) | -25.5% |
State | 79,161,797 | 81,123,349 | 84,159,434 | 3,036,085 | 3.7% |
Federal | 11,107,830 | 11,545,303 | 21,865,867 | 10,320,564 | 89.4% |
Other | 3,146,481 | 6,914,456 | 3,861,154 | (3,053,302) | -44.2% |
Expenses Instruction |
$75,634,822 | $74,044,518 | $81,408,523 | $7,364,005 | 9.9% |
Pupil Services | 7,133,283 | 7,192,699 | 8,257,374 | $1,064,678 | 14.8% |
Instructional Staff Svcs. | 7,489,359 | 11,430,134 | 9,22,079 | (2,208,055) | -19.3% |
General Admin. | 1,347,625 | 799,732 | 779,738 | (19,994) | -2.5% |
School Bldg. Admin. | 6,218,286 | 6,619,469 | 6,667,834 | 48,365 | 0.7% |
Central Services | 1,627,721 | 1,678,712 | 2,142,413 | 463,701 | 27.6% |
Insruance & Judgement | 1,085,773 | 919,493 | 1,125,000 | 205,507 | 22.4% |
Debt Service | 934,578 | 5,407,910 | 2,630,000 | (2,777,910) | -51.4% |
Other Support Svcs | 2,441,200 | 4,140,859 | 2,860,829 | (1,280,030) | -30.9% |
Transfers | 3,500,000 | 1,500,000 | 0 | (1,500,000) | -100.0% |
Instructional Svc. Pmts. | 5,952,783 | 6,412,415 | 7,330,830 | 918,415 | 14.3% |
Other Transactions | 87,288 | 275,083 | 110,000 | (165,083) | -60.0% |
Total Expenses | $128,484,013 | $137,056,710 | $146,770,476 | $9,713,766 | 7.1% |
Fund Balance | $24,027,911.79 | $24,862,069.96 | $24,862,069.96 | $0 | 0.0% |
Debt Services Fund (38 & 39)
Fund 38 – Non-Referendum Approved Debt
Fund 38 debt, within the District’s revenue limit authority, accounts for debt related to the merger of the two Wisconsin retirement systems and the District’s use of the Act 32 Energy Exemption for work related to facility improvements, predominately at Edison Middle School, replacing outdated boilers and other mechanical, electrical, and plumbing systems. Act 32 is no longer available for Wisconsin school districts. In 2019, the District refinanced debt related to the merged retirement systems saving $1,566,860 or $150,000 a year on an annual basis. Debt service is levied on the calendar year basis, but budgeted for on the fiscal year basis.
Fund 38 Non-Referendum Debt |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Levy | $2,781,218 | $2,758,183 | $2,749,068 | ($9,115) | -0.3% |
Other Revenue | 8 | 1,041 | 10,000 | 8,959 | 860.6% |
Total Revenue | 2,781,226 | 2,759,224 | 2,759,068 | (156) | 0.0% |
Principal | 2,330,000 | 2,356,000 | 2,415,000 | 50,000 | 2.1% |
Interest | 575,736 | 422,313 | 365,053 | (57,260) | -13.6% |
Total Expenses | $2,905,736 | $2,787,313 | $2,780,053 | $(7,260) | -0.3% |
Fund Balance | $810,585.98 | $782,497.22 | $761,512.22 | $(20,895.00) | -2.7% |
Fund 39 – Referendum Approved Debt The District’s Fund 39 debt relates to the 2006 approved referendum for the purpose of building renovations at Craig and Parker High Schools, and various elementary schools, and the 2020 capital referendum. Since 2019, the District continues to take advantage of a strategy to defease debt, allowing for savings and the reduction of future debt obligations. The District is planning to defease approximately $6 million of debt with the current budget.
Fund 39 Non-Referendum Debt |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Levy | $9,683,688 | $13,291,143 | $14,333,123 | $1,041,980 | 7.8% |
Other Revenue | 66,034 | 2,560 | 5,500 | 2,940 | 114.8% |
Total Revenue | 9,749,722 | 13,293,703 | 14,338,623 | 1,044,920 | 7.9% |
Principal | 8,545,000 | 12,700,000 | 13,035,000 | 335,000 | 2.6% |
Interest | 1,212,469 | 1,226,381 | 1,366,810 | 140,429 | 11.5% |
Other | 79,585 | 15,900 | 16,000 | 100 | 0.6% |
Total Expenses | $9,831,054 | $13,942,281 | $14,417,810 | $475,529 | 3.4% |
Fund Balance | $376,666.40 | $659,592.73 | $580,405.73 | $(79,187.00) | -12.0% |
Capital Funds (46 & 49)
Fund 46 – Long-Term Capital Improvement
In 2015, the Board of Education acted to establish a long‐term capital improvement fund, which could not be utilized until five years after its inception. Investing in this fund is accomplished by transferring funds from Fund 10 to 46 during a given fiscal year or no later than July 30 following fiscal‐year‐end.
Fund 46 Long-Term Cap. Improv. |
20120-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Transfer | $3,500,000 | $1,500,000 | $0 | (1,500,000) | -100.0% |
Other Revenue | 1,239 | 7,828 | 50,000 | 42,718 | 586.6% |
Total Revenue | 3,501,239 | 1,507,282 | 50,000 | (1,457,282) | -96.7% |
Other | 0 | 16,908 | 0 | (16,908) | -100% |
Total Expenses | 0 | 16,908 | 0 | (16,908) | -100.0% |
Fund Balance | $9,790,673.04 | $11,281,047.74 | $11,331,047.74 | $50,000.00 | 0.4% |
Fund 49 – Capital Projects
Upon issuance of the 2020 referendum‐approved debt, a capital projects fund was established to account for the costs associated with those projects.
Fund 49 Captial Projects |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Debt Proceeds | $22,500,000 | 0 | 0 | 0 | 0.0% |
Other Revenue | 860 | 30,251 | 75,000 | 44,749 | 147.9% |
Total Revenue | 22,500,860 | 30,251 | 75,000 | 44,749 | 147.9% |
Construction-Related | 371,297 | 9,082,157 | 8,152,656 | (929,501) | -10.2% |
Total Expenses | 371,297 | 9,082,157 | 8,152,656 | (929,501) | -10.2% |
Fund Balance | 22,129,565.66 | 13,077,656.38 | 5,000,000.38 | (8,077,656.00) | -61.8% |
Food Service
The District self‐operates its school food service program, absent from the local levy, serving breakfast and lunch in participation with the United States Department of Agriculture, National School Lunch Program.
Fund 50 Food Service |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
Food Sales | $163,988 | 418,543 | 1,220,000 | 801,457 | 191.5% |
State | 96,407 | none | 119,000 | 119,000 | 0.0% |
Federal | 5,186,857 | 6,905,577 | 4,150,000 | (2,755,577) | -39.9% |
Other Revenue | 26,713 | 26,450 | 11,000 | (15,450) | -58.4% |
Total Revenue | 5,473,965 | 7,350,570 | 5,500,000 | (1,850,570) | -25.2% |
Maintenance/ Facilities | 214,075 | 66,683 | 50,000 | (16,683) | -25.0% |
Food Service | 5,038,900 | 5,605,004 | 5,397,047 | (207,957) | -3.7% |
Internal Services | 42,923 | 46,416 | 48,953 | 2,537 | 5.5% |
Other | 21 | 7,779 | 4,000 | (3,779) | -48.6% |
Total Expenses | 5,295,919 | 5,725,882 | 5,500,000 | (225,882) | -3.9% |
Fund Balance | $1,664,525.68 | 3,288,940.09 | 3,288,940.09 | none | 0.0% |
Employee Benefits Trust Fund
The District established Fund 73 as a mechanism to account for post‐employment benefit obligations such as health insurance. The District, generally, makes both annual contributions to and withdrawals from the fund. The District’s expensesrelated to post‐employment benefits are decreasing over time, related to the reduction of such benefits. As a fiduciary fund, a budget is not required to be established for Fund 73.
Fund 73 OPEB Trust |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
District Contributions | 2,500,000 | 3,500,000 | 0 | (3,500,000) | -100.0% |
Retiree Contributions | 127,768 | 114,014 | 0 | (114,014) | -100.0% |
Other Revenue | 5,251 | 5,696 | 0 | (5,696) | -100.0% |
Total Revenue | 2,633,019 | 3,619,710 | 0 | (3,619,710) | -100.0% |
Benefits Paid | 1,265,237 | 1,202,439 | 0 | (1,202,439) | -100.0% |
Implicit Rate Subsidy | 679,308 | 649,154 | 0 | (649,154) | -100.0% |
Total Expenses | 0 | 10,417 | 0 | (10,417) | -100.0% |
Fund Balance | $6,492,997.97 | $8,250,697.65 | $8,250,697.65 | $0 | 0.0% |
Special Revenue Trust Fund
Fund 21 accounts for gifts and donations to the District.
As donations and expenditures are not always known, a budget is not established for Fund 21.
Fund 21 Special Revenue Trust |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Amount | Percent |
---|---|---|---|---|---|
Donations | $255,814 | $506,271 | $0 | $(506,271) | -100.0% |
Other Revenue | 35,,625 | 441,086 | 0 | (441,086) | -100.0% |
Total Revenue | 291,439 | 947,357 | 0 | (947,357) | -100.0% |
Instructional | 241,301 | 459,058 | 0 | (459,058) | -100.0% |
Support Services | 64,371 | 81,924 | 0 | (81,924) | -100.0% |
Scholarships | none | 14,003 | 0 | (14,003) | -100.0% |
Other | none | 16,419 | 0 | (16,419) | -100.0% |
Total Expenses | 305,672 | 540,982 | 0 | (540,982) | -100.0% |
Fund Balance | $677,598.27 | $1,053,552.45 | $1,053,552.45 | $0 | 0.0% |
COMMUNITY SERVICE FUND (80)
In 2019, the Board of Education embraced the opportunity to support early literacy utilizing a Fund 80 levy as a financial vehicle. Fund 80 is also utilized to account for other community service initiatives that are not financed by the levy (e.g., Bags of Hope).
Fund 80 Community Service |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Amount | Percent |
---|---|---|---|---|---|
Levy | $50,000 | $175,000 | $175,000 | none | 0.0% |
Donations | 93,497 | 150,345 | none | (150,345) | -100.0% |
Total Revenue | 143,497 | 325,345 | 175,000 | (150,345) | -46.2% |
Early Literacy | 15,807 | 98,683 | 175,000 | (33,189) | -15.9% |
Bags of Hope | 79,561 | 118,506 | none | (118,506) | -100.0% |
Other | 0 | 0 | 0 | 0 | 0.00% |
Total Expenses | 95,368 | 208,189 | 175,000 | (33,189) | -15.9% |
Fund Balance | 144,1893.78 | 261,346.11 | 261,346.11 | none | 0.0% |
Enrollment & Membership
All Wisconsin school districts conduct a third Friday in September count as well as second Friday in January count. The September count generates a membership count of students actively attending the School District of Janesville or any other public school (“Members”). This count is used to calculate the District’s revenue limit, by factoring the full‐time equivalency (FTE) of each student (“Membership FTE”). Enrollment represents the headcount of students attending any school within the District, regardless of school district residency. Within the revenue limit worksheet, summer school membership is added to the September membership value. The following chart illustrates the September enrollment, members, and membership FTE. Summer school FTE is not included.
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|---|---|
Enrollment | 10,362 | 10,385 | 10,310 | 10,275 | 10,146 | 10,063 |
Members | 10,302 | 10,263 | 10,165 | 10,039 | 9,935 | 9,825 |
Membership FTE | 10,023 | 9,992 | 9,898 | 9,780 | 9,668 | 9,528 |
Revenue Limit Authority
In 1993, the State of Wisconsin instituted revenue limits for Wisconsin public schools. The following table illustrates, since 2005-06, the revenue limits the School District of Janesville has operated under. The identified values indicate the allowable increase per member on a three- year rolling average.
Base revenue is key to a District’s long‐term financial health. One of the best comparable data points between and among school districts is base revenue (line seven of the revenue limit worksheet). The District’s base revenue has been decreasing over time as non‐recurring exemptions expire. The recent uptick in 2020‐21 relates to the low revenue limit ceiling increasing to $10,000 per member, up from $9,700. The District’s need to seek an operating referendum was a direct result of decreasing membership and decreasing base revenue, each of which are factored into the District’s financial forecast model
Property Tax Information
The District’s property tax is frequently measured in an amount per $1,000 of property value (mil rate). The following table illustrates the mil rate trend since 2015-16. The proposed mil rate is less than the mil rate originally projected ($8.87) when the referenda passed in November, 2020.
Rock County Mil Rates Over Time
Historically, the School Districts of Janesville and Milton have had the lowest rates in Rock County. Milton has not carried debt until their recent debt referendum, thus the increase from 2018-19 to 2019-20.
2022-23 Tax Levy
The District’s property tax is frequently measured in an amount per $1,000 of property value (mil rate). The following table illustrates the mil rate trend since 2013‐14. The mil rate reduction for 2022‐23 is due, in part, to a higher‐than‐average increase in equalized property values.
2021‐22 ROCK COUNTY MIL RATES OVER TIME
Historically, the School Districts of Janesville and Milton have had the lowestratesin Rock County. Milton had not carried debt until their recent debt referendum, thus the increase from 2018‐19 to 2019‐20. Prior year data is illustrated as current year mil rates have not yet been set.
Tax Levy
The District’s tax levy is comprised of five elements, representing four funds and, if applicable any given year, the prior year levy chargeback. The prior year levy chargeback relates to prior year refunds of property taxes as determined by a municipality within the District. The following chart represents the percentage of the levy as it relates to each levy.
The following tables illustrate the tax levy over the course of the past three fiscal years, with the most recent reflected by the change columns, and the 2020‐21 levy by municipality
Levy (By Fund) |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
General Fund | $29,683,125 | $30,751,626 | $29,733,685 | $(1,017,941) | -3.3% |
Non-Ref. Debt Svc. | 2,781,218 | 2,758,183 | 2,749,068 | (9,115) | -0.3% |
Referendum, Debt. Svc | 9,683,688 | 13,291,143 | 14,333,123 | 1,041,980 | 7.8% |
Community Sercices | 50,000 | 175,000 | 175,000 | 0 | 0.0% |
Chargeback | 175,264 | 18,752 | 3,828 | (14,924) | -79.6% |
Total Levy | $42,373,295 | $46,994,704 | $46,994,704 | 0 | 0.0% |
Levy (By Municipality) |
2020-21 Actual |
2021-22 Actual |
2022-23 Budget |
Change Amount | Change Percent |
---|---|---|---|---|---|
City of Janesville | $38,417,028.15 | $42,674,714 | $42,724,866 | $50,152,00 | 0.1% |
Town of Harmony | 7,455.05 | 7,669 | 7,334 | (355.00) | -4.4% |
Town of Janesville | 1,855,607.25 | 1,990,918 | 2,063,704 | 72,786.00 | 3.7% |
Town of La Prairie | 432,958.86 | 1,990,918 | 2,063,704 | 72,786 | 00%3.7 |
Town of Rock | 1,660,245.69 | 1,826,752 | 1,754,695 | (72,057.00) | -3.9% |
Total Levy | $42,373,295.00 | $46,994,704 | $46,994,704 | $0 | 0.0% |
Budget Adoption Format - Revenues, Fund 10
Budget Book 2021-2022
ADA Compliant Budget Book 2021-2022
- School DIstrict of Janesville
- INTRODUCTION
- DISTRICT FUNDS
- BUILDING THE BUDGET
- GENERAL FUND (10) – REVENUES
- GENERAL FUND (10) – EXPENSES
- SPECIAL EDUCATION FUND (27) – REVENUES
- SPECIAL EDUCATION FUND (27) – EXPENSES
- DEBT SERVICE FUNDS (38 & 39)
- FUND 39 – REFERENDUM APPROVED DEBT
- CAPITAL FUNDS (46 & 49)
- FOOD SERVICE FUND (50)
- EMPLOYEE BENEFITS TRUST FUND (73)
- SPECIAL REVENUE TRUST FUND (21)
- ENROLLMENT & MEMBERSHIP
- REVENUE LIMIT AUTHORITY
- PROPERTY TAX INFORMATION
- ROCK COUNTY MIL RATES OVER TIME
- 2021-22 TAX LEVY
- BUDGET ADOPTION FORMAT – REVENUES, FUND 10
- BUDGET ADOPTION FORMAT – SPECIAL EDUCATION, FUND 27 REVENUES
School DIstrict of Janesville
INTRODUCTION
INTRODUCTION
The Business Services Group is pleased to present the 2021-22 School District of Janesville (“SDJ”) budget. A balanced budget is being presented to the Board of Education for approval on October 26, 2021. As a result of the COVID-19 pandemic, the District will receive federal grants to aid the response to the pandemic. The District is using funds to offer a robust online instruction platform, reduce class size at the elementary level, maintain secondary instructional pathways, invest in sanitation efforts, install bottle filling stations, and provide personal protective equipment such as face masks. Federal funding is also assisting the District to counter the increased costs associated with transporting students in a socially distanced manner, maintaining a clean and disinfected environment, and by providing the necessary personal protective equipment for students and staff. In aggregate, the District will receive over $27 million in federal funding through three different Elementary and Secondary School Emergency Relief and Governor’s Emergency Education Relief Funds. The funds are provided on a cost-reimbursement basis, meaning the District must incur costs and then be reimbursed, and some of these funds are received by the District and are required to be allocated to private schools. Some of these federal funds were used during the 2020-21 fiscal year, some will be used during the 2021-22 fiscal year, and remaining funds will be carried forward to future fiscal years.
During the 2021-22 school year, in response to COVD-19 and the use of ESSER II and III, the District will engage stakeholders, evaluate and prioritize options for the use of provided funding. Keep in mind that COVID response funding is broadly targeted towards:
- Preparedness and Response to COVID 19
- Addressing Long-Term School Closure
- Educational Technology
- Outreach & Service Delivery to Special Populations
- Addressing Afterschool and Summer Learning
- Mental Health Service and Supports
Related to process and qualifying expenditures, the District will continue to seek guidance from the State of Wisconsin’s Department of Public Instruction and the US Department of Education.
DISTRICT OVERVIEW
The School District of Janesville serves over 9,400 pre-kindergarten through 12th grade students in 21 schools. As one the largest school districts in the State of Wisconsin, our instructional programs are provided in two comprehensive high schools (9-12), three middle schools (6-8), twelve elementary schools (K-5), and thirteen P4J Community Partnership sites (4-year-old early learners). In addition, we serve students in four charter schools: Rock University High School, Rock River Charter School, TAGOS Leadership Academy, and Arise Virtual Academy. The District is committed to preparing our students to enter the world beyond the classroom as life-long learners with strong academic skills and a sense of self. The District is ensuring that every graduate is college and/or career ready.
In 2017, the School District adopted the Janesville Promises to address key elements impacting student and school success. These Promises utilize five components with indicators that move the entire District forward. Our ultimate Promise is that every student will graduate ready for college, career, and life. The District Staffing Plan for 2021-22 has served as the foundation for budget development activities.
Last November, the District received support from electors in the form of two referenda. The first provides $22.5 million for safety, security, and facility improvements. The second provides four years of support in addition to our revenue limit to meet operational needs of the District. The operating referendum provides an additional $3.5 million for 2021-22 to support:
- ongoing investment in curricular resources such as language arts
- maintain instructional technology for students and staff
- preserve reasonable class sizes
- attract and retain qualified educators and support staff
BUDGET DOCUMENT
The 2021-22 budget is being presented by fund. When comparing current year budget to prior-year expenditures, it may be helpful to keep in mind that the prior-year data is actual and not as originally budgeted. The 2020-21 actual data has been subject to audit, but as of the release of the budget, is not yet available in report form.
Readers will find that data presented is not a collection of program-oriented budgets displaying what each program costs, but rather, a cost accounting budget presented by functional areas describing the purpose for which expenditures are made.
This is consistent with the Wisconsin Uniform Financial Accounting Requirements (WUFAR) structure and the budget presentation format required by §65.90, Wis. Stats. In order to assist the reader in understanding the meaning behind the numbers, narrative explanations detailing the WUFAR system are provided throughout the document.
The budget is based upon information known and decisions made through October 15, 2021. The October 15 certification of general/equalization aid and related adjustments to the revenue limit computation are incorporated in to the 2021-2022 budget presented here.
So as to meet the needs of students, careful administration of the budget plan is essential to achieving short-term and long-term strategic direction and the financial health of the District. On behalf of the entire Business Services Group, we look forward to an exciting and successful school year in 2021-22.
- Dan McCrea, SFO, Chief Financial Officer
- Matthew Sylvester-Knudtson, CPA Director of Finance
- Tami Carlson, Financial Analyst/Grants Mgr.
October 18, 2021
DISTRICT FUNDS
Wisconsin school finance practices and generally-accepted accounting principles require that the District segregate financial transactions into distinct accounting entities, called funds. Funds are used to report on-going annual costs of operating the district, to account for capital projects financed through borrowing, or to place certain revenues and expenses in a trust. SDJ utilizes the following funds for budgetary purposes:
- General Fund (Fund 10) Special Education Fund (Fund 27) $127,262,215
- Special Education Fund (Fund 27) $20,529,840
- Debt Service Funds (Funds 38 & 39) $13,860,967
- Capital Project Funds (Funds 46 & 49) $17,000,000
- Food Service Fund (Fund 50) $5,500,000
- Community Service Fund (Fund 80) $175,000
- All-Fund Total $184,328,022
Debt service funds include all transactions related to the payment of general obligation debt and refinancing of debt.
Capital project funds are created whenever acquired resources are restricted for the acquisition or construction of specific capital projects or purchase of capital items.
The community service fund allows for the segregation of financial transactions related to community use of facilities and programs operated for the benefit of the entire community.
All revenues, expenditures, and changes in fund balance for each fund are accounted for separately and reported to DPI.
The District also operates and manages the following trust funds, which are not included in total budgeted District expenditures:
Employee Benefit Trust Fund (Fund 73) – The OPEB Trust Fund accounts for resources held in trust for post-employment benefit plans legally established as an irrevocable trust.
Special Revenue Trust Fund (Fund 21) – Accounts for gifts and donations to the District.
BUILDING THE BUDGET
The budget development process generally begins the December prior to start of the fiscal year, and is when budget assumptions are developed based on the State of Wisconsin’s biennial budget as well as local determinations. The 2021-22 budget is the first year of the State’s 202123 biennial budget. Through this budget, the District will not realize a change in per-pupil revenue limit or per-pupil adjustment aid. 2021-22 BUDGET
DEVELOPMENT ASSUMPTIONS
Budget development assumptions create parameters, at a high level, that guide both administration and the Board of Education during the budget modeling and development process. Budget planning during a pandemic will remain conservative, in particular, student enrollment (all students) and full time equivalent for resident students.
FINANCIAL MANAGEMENT
- District Administration will present and the Board of Education will adopt a balanced budget that meets the needs of the District’s students.
- The District’s fund balance will not be utilized for recurring expenses.
- The District will model the mil rate effect of pre-paying (defeasing) its long-term Fund 39 debt obligation.
- The District will secure a line of credit for the 2021-2022 fiscal year, related to the historically low November cash point, prior to the December state aid payment.
- The Board will utilize its full authority to levy within the allowable revenue limit.
- ESSER II, or any federal pandemic relief provided to the district, will be used to supplement rather than supplant district expenses.
- Property values are assumed to increase by 3%. The current five-year average is 5.8%.
- In the Spring of 2021 the Administration will provide the Board of Education a budget prioritization list, programs and staffing, aligned with the District’s Five Promises. REVENUE Per Student Categorical Aid (outside the district’s revenue limit authority)
- The 2021-2022 per pupil categorical aid increase $0.00 per FTE. State Equalization Aid
- The state biennial budget is yet to be determined, but the assumption is that there will not be increased State Equalization Aid for 2021-2022 fiscal year. Categorical Aid
- Reimbursement for special education funding will remain unchanged from the current legislated amount of 30%. Revenue Limit Authority
- The allowable revenue limit increase will be $0.00 per FTE. A base FTE, using the September FTE count will be used. Preceding September FTE counts have been:
- a. 2015 – 9,898
- b. 2016 – 9,780
- c. 2017 – 9,668
- d. 2018 – 9,528
- e. 2019 – 9,365
- f. 2020 – 9,063
- g. 2021 – 9,063 – assumption
- For budget planning purposes the District’s summer school student FTE will remain at 87.
- The district will be in year one, $3,500,000, of a four-year non-recurring operational referendum to exceed revenue limit authority. Open Enrollment / Tuition Programs (outside the district’s revenue limit authority)
- For budget planning purposes, the District’s open enrollment-in will remain status quo at 630 and open enrollment-out will remain at 514.
- Janesville International Exchange Program (JIEP) will initially be budgeted at 2020-2021 enrollment levels. Fund 10 & 27 Grant Revenue, State and Federal Sources
- Federal and State grant award revenue will be budgeted at prior year levels.
EXPENSES
- The District will utilize a cast forward model consisting of the budgeted 2020-2021 expenses.
- The District will budget for a 2.50% increase in base wages, subject to the allowable July 1, 2021 CPI-U percentage.
- The District will explore additional compensation strategies, up to .25% of base wages, related to competitive market conditions.
- The District will budget for a 9% increase in health insurance.
- The District will budget for a 6% increase in dental insurance.
- The District will budget for a 1.0% increase in other expenses.
STAFFING
- 2021-22 staffing plan assumptions are developed within the guidelines established by Board Policy 4221.
- a. TPR of 1:25 for grades K-3
- b. TPR of 1:30 for grades 4-5
- c. TRP of 1:30 for grades 6-8
- d. TPR of 1:32 for grades 9-12
GENERAL FUND (10) – REVENUES
The following chart and table illustrate the District’s General Fund (10) revenues, by source, beginning with the 2019-20 fiscal year to current. District revenues include approximately $1.9 million additional ESSER funding compared to the prior year and an additional approximately $700,000 related to a new lease entered into. Without the two aforementioned sources, revenues would have increased approximately 3.6%. In the context of all Fund 10 revenues, approximately 60% is derived from state sources and 25% from local sources.
Revenue By Source | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Local | $29,829,519 | $31,097,681 | $32,282,044 | $1,184,363 | 3.8% |
Other School Districts | $4,793,237 | $4,517,708 | $5,015,000 | $497,292 | 11.0% |
Intermediate | $63,846 | $13,900 | $0 | $(13,900) | -100% |
State | $74,676,790 | $74,192,517 | $75,810,180 | $1,617,663 | 2.2% |
Federal | $4,354,464 | $7,337,993 | $10,507,991 | $3,169,988 | 43.2% |
Other | $440,290 | $3,146,406 | $3,647,000 | $500,594 | 15.9% |
Total | $114,158,146 | $120,306,205 | $127,262,215 | $6,956,010 | 5.8% |
GENERAL FUND (10) – EXPENSES
The following chart and table illustrate the District’s General Fund (10) expenses beginning with the 2019-20 fiscal year to the current fiscal year. District expenses include approximately $1.9 million additional ESSER costs compared to the prior year and an additional approximately $700,000 related to a new lease entered into. Without the two aforementioned items, expenses would have increased approximately 4.3%. As people are the District’s primary resource and method of educational delivery, wages and benefits account for over 76% of General and Special Education Funds expenses, net of transfers.
Expenses By Source | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Instruction | $55,752,565 | $60,305,963 | $66,122,774 | $5,816,811 | 9.6% |
Pupil Services | $4,123,016 | $4,493,945 | $4,505,828 | $11,883 | 0.3% |
Instructional Staff Svcs | $6,983,089 | $6,684,782 | $8,125,735 | $1,530,953 | 22.9% |
General Admin | $1,096,227 | $1,339,143 | $1,235,703 | $(103,440) | -7.7% |
School Building Admin | $5,981,459 | $6,219,298 | $6,225,556 | $6,258 | 0.1% |
Business Admin | $14,081,959 | $13,846,307 | $15,692,397 | $1,846,090 | 13.3% |
Central Services | $2,055,728 | $1,583,032 | $1,860,352 | $277,320 | 17.5% |
Insurance & Judgmt. | $1,075,916 | $1,085,773 | $1,019,000 | $(66,773) | -6.1% |
Debt Service | $185,965 | $934,578 | $1,819,020 | $884,442 | 94.6% |
Other Support Services | $3,407,661 | $2,477,694 | $2,740,069 | $(7,598) | -0.3% |
Transfers | $14,062,827 | $14,853,727 | $11,975,016 | $(2,878,711) | -19.4% |
Instructional Svc. Pmts | $4,756,686 | $5,833,366 | $6,258,238 | $424,872 | 7.3% |
Other Transactions | $181,444 | $87,213 | $72,500 | $(14,713) | -16.9% |
Total | $113,744,542 | $119,744,821 | $127,472,215 | $$7,727,394 | 6.5% |
Fund Balance | $23,466,527.80 | $24,027,911.79 | $24,027,911.79 | $0 | 0.0% |
SPECIAL EDUCATION FUND (27) – REVENUES
The following chart and table illustrate the District’s Special Education Fund (27) revenues, by source, beginning with the 2019-20 fiscal year to the current fiscal year. The projected decrease in state funding is due, in part, to some staff costs in 2020-21 being expensed to the ESSER grants. This results in lower state aid in the next year (2021-22).
Revenue By Source | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Transfer | $12,462,827 | $11,353,727 | $11,975,016 | $621,289 | 5.5% |
Other School Districts | $0 | $0 | $18,388 | $18,388 | 0.0% |
State | $4,370,565 | $4,969,280 | $4,270,000 | $(699,280) | -14.1% |
Federal | $2,961,183 | $3,769,837 | $4,266,432 | $469,599 | 13.2% |
Other | $100 | $0 | $0 | $0 | 0.0% |
Total | $19,794,675 | $20,092,844 | $20,529,840 | $436,996 | 2.2% |
SPECIAL EDUCATION FUND (27) – EXPENSES
The following chart and table illustrate the District’s Special Education Fund (27) expenses beginning with the 2019-20 fiscal year to the current fiscal year.
Expenses By Function | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Instruction | $15,057,836 | $15,345,596 | $15,452,166 | $106,570 | 0.7% |
Pupil Services | $2,455,286 | $2,639,338 | $2,631,115 | (8,223) | -0.3% |
Instructional Staff Svcs | $814,970 | $787,841,7,000 | $869,405 | $81,564 | 10.4% |
General Admin | $19,743 | $7,470 | $7,000 | $(470) | -6.3% |
Buisness Admin | $1,071,297 | $1,184,988 | $1,412,619 | $227,631 | 19.2% |
Central Services | $6,853 | $8,195 | $25,500 | $17,305 | 211.2% |
Instructional Svc. Pmts. | $368,690 | $119,416 | $132,035 | $12,619 | 10.6% |
Total | $19,794,675 | $20,092,844 | $20,529,840 | $436,996 | 2.2% |
DEBT SERVICE FUNDS (38 & 39)
Fund 38 – Non-Referendum Approved Debt
Fund 38 debt, within the District’s revenue limit authority, accounts for debt related to the merger of the two Wisconsin retirement systems and the District’s use of the Act 32 Energy Exemption for work related to facility improvements, predominately at Edison Middle School, replacing outdated boilers and other mechanical, electrical, and plumbing systems. Act 32 is no longer available for Wisconsin school districts. It should be noted that in 2019 the district refinanced debt related to the merged retirement systems saving $1,566,860 or $150,000 a year on an annual basis. Debt service is levied on the calendar year basis, but budgeted for on the fiscal year basis.
Fund 38 Non-Referendum Debt | 2019-20 Actual | 2020-21 Actual | 2021-22 Budget | Change Amount | Change Percentage |
---|---|---|---|---|---|
Levy | $2,927,898 | $2,781,218 | $2,758,183 | $(23,035) | -0.8% |
Refinancing | $10,075,000 | $0 | $0 | $0 | 0.0% |
Other Revenue | $82,641 | $8 | $0 | $(8) | -100% |
Total Revenue | $13,085,539 | $2,781,226 | $2,758,183 | $(23,043) | -0.8% |
Fund 38 Non-Referendum Debt | 2019-20 Actual | 2020-21 Actual | 2021-22 Budget | Change Amount | Change Percentage |
---|---|---|---|---|---|
Principal | $10,735,000 | $2,330,000 | $2,365,000 | $35,000 | 1.5% |
Interest | $509,520 | $575,736 | $422,313 | $(153,423) | -26.6% |
Other | $105,339 | $0 | $0 | $0 | 0.0% |
Total Expenses | $11,349,859 | $2,905,736 | $2,787,313 | $(118,423) | -4.1% |
Fund Balance | $935,095.76 | $810,585.98 | $781,455.98 | $(29,130.00_ | -3.6% |
FUND 39 – REFERENDUM APPROVED DEBT
The District’s Fund 39 debt relates to the 2006 approved referendum for the purpose of building renovations at Craig and Parker High Schools, and various elementary schools, and the 2020 capital referendum. Since 2019 the district took advantage of a strategy, to pre-pay debt, allowing for savings and the restructuring of debt retiring in 2028. The District is planning to pre-pay $4,100,000 of debt.
Fund 39 Non-Referendum Debt | 2019-20 Actual | 2020-21 Actual | 2021-22 Budget | Change Amount | Change Percentage |
---|---|---|---|---|---|
Levy | $9,773,715 | $9,683,688 | $13,291,143 | $3,607,455 | 37.3% |
Other Revenue | $16,845 | $66,034 | $552,567 | $486,533 | 736.8% |
Total Revenue | $9,790,557 | $9,749,722 | $13,843,710 | $4,093,988 | 42.0% |
%nd 38 Non-Referendum Debt | 2019-20 Actual | 2020-21 Actual | 2021-22 Budget | Change Amount | Change Percentage |
---|---|---|---|---|---|
Principal | $8,560,000 | $8,545,000 | $12,630,000 | $4,085,000 | 47.9% |
Interest | $1,231,401 | $1,212,469 | $1,215,967 | $3,498 | 0.3% |
Other | $14,900 | $79,585 | $15,000 | $(64,585) | -81.2% |
Total Expenses | $9,806,301 | $9,837,054 | $13,860,967 | $4,023,913 | 40.9% |
Fund Balance | $463,998.70 | $376,666.40 | $359,409.40 | $(17,257.00) | -4.6% |
CAPITAL FUNDS (46 & 49)
In 2015, the Board of Education acted to establish a long-term capital improvement fund, which could not be utilized until five years after its inception. Investing in this fund is accomplished by transferring funds from Fund 10 to 46 during a given fiscal year or no later than July 30 following fiscal-year-end.
Fund 46 Long-Term Cap. Impv. | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Transfer | $1,600,000 | $3,500,000 | $0 | $(3,500,000) | -100.0% |
Other Revenue | $101,572 | $5,221 | $0 | $(5,221) | -100.0% |
Total Revenue | $1,701,572 | $3,505,221 | $0 | $(3,505,221) | -100.0% |
Expenses | $0 | $0 | $0 | $0 | 0.0% |
Total Expenses | $0 | $0 | $0 | $0 | 0.0% |
Fund Balance | $6,285,452.35 | $9,790,673.04 | $9,790,673.04 | $0 | 0.0% |
Fund 49 – Capital Projects
Upon issuance of the 2020 referendum-approved debt, a capital projects fund was established to account for the costs associated with those projects.
Fund 46 Capital Projects | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Debt Proceeds | $ 0 | $22,500,000 | $ 0 | $(22,500,000) | -100.0% |
Other Revenue | $0 | $860 | $1,000 | $140 | 16.3% |
Total Revenue | $0 | $22,500,860 | $1,000 | $(22,499,860) | -100.0% |
Construction | $0 | $971,297 | $17,000,000 | $16,628,703 | 4478.5% |
Transfers | $372 | $0 | $0 | $0 | 0.0% |
Total Expenses | $372 | $371,297 | $17,000,000 | $16,628,703 | 4478.5% |
Fund Balance | $ 0 | $22,129,562.66 | $5,130,562.66 | $(16,999,000.00) | -76.8% |
FOOD SERVICE FUND (50)
The District self-operates its school food service program, absent from the local levy, serving breakfast and lunch in participation with the United States Department of Agriculture, National School Lunch Program.
Food Service Fund | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Food Sales | $815,638 | $163,988 | $165,000 | $1,012 | 0.6% |
State | $110,497 | $96,407 | $0 | $(96,407) | -100.0% |
Federal | $4,179,455 | $96,407 | $0 | $(96,407) | -100.0% |
Other Revenue | $35,825 | $26,713 | $1,000 | $(25,713) | -96.3% |
Total Revenue | $5,141,415 | $$5,473,965 | $$5,5000,000 | $26,035 | 0.5% |
Maintenance / Facilities | $22,,996 | $214,074 | $76,773 | $(137,301) | -64.1% |
Food Service | $5,219,505 | $5,038,900 | $5,373,889 | $334,989 | 6.6% |
Internal Services | $0 | $42,923 | $49,338 | $6,415 | 14.9% |
Other | $0 | $21 | $0 | $(21) | -100.0% |
Total Expensis | $5,242,501 | $5,295,918 | $5,500,000 | $204,082 | 3.9% |
Fund Balance | $1,486,207.47 | $1,664,252.68 | $1,664,252.68 | $0 | 0.0% |
EMPLOYEE BENEFITS TRUST FUND (73)
The District established Fund 73 as a mechanism to account for post-employment benefit obligations such as health insurance. The District, generally, makes both annual contributions to and withdrawals from the fund. The District’s expenses related to post-employment benefits are decreasing over time, related to the reduction of such benefits. A budget is not required to be established for Fund 73.
Fund 46 Long-Term Cap. Impv. | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
District Contributions | $3,075,000 | $2,500,000 | $0 | $(2,500,000) | -100.0% |
Retiree Contributions | $130,534 | $127,768 | $0 | $(127,768) | -100.0% |
Other Revenue | $84,710 | $5,251 | $0 | $(5,251) | -100.0% |
Total Revenue | $3,290,244 | $2,633,019 | $0 | $(2,633,019) | -100.0% |
Benefits Paid | $1,355,935 | $1,265,237 | $0 | $(1,265,237) | -100.0% |
Implicit Rate Subsidy | $362,511 | $679,308 | $0 | $(679,308) | -100.0% |
Total Expenses | $1,718,446 | $1,944,545 | $0 | $(1,944,545) | -100.0% |
Fund Balance | $5,804,523.73 | $6,492,997.97 | $6,492,997.97 | $0 | 0.0% |
SPECIAL REVENUE TRUST FUND (21)
Fund 21 accounts for gifts and donations to the District. A budget is not required to be established for Fund 21.
Fund 21 Special Revenue Trust | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Donations | $583,619 | $255,814 | $0 | $(255,814) | -100.0% |
Other Revenue | $215,991 | $35,625 | $0 | $(35,625) | -100.0% |
Total Revenue | $799,610 | $291,439 | $0 | $(291,439) | -100.0% |
Instructional | $983,955 | $241,301 | $0 | $(241,301) | -100.0% |
Support Services | $105,709 | $64,371 | $0 | $(64,371) | -100.0% |
Total Expenses | $489,664 | $305,672 | $0 | $(305,672) | -100.0% |
Fund Balance | $691,831.31 | $677,598.27 | $677,598.27 | $0 | 0.0% |
COMMUNITY SERVICE FUND (80)
In 2019, the Board of Education embraced the opportunity to support early literacy utilizing a Fund 80 levy as a financial vehicle. Fund 80 is also utilized to account for other community service initiatives that are not financed by the levy.
Fund 80 Community Service | 2019-20 Actual | 2020-21 Actual | 2021-22 Budget | Change Amount | Change Percentage |
---|---|---|---|---|---|
Levy | $50,000 | $50,000 | $175,000 | $125,000 | 250.0% |
Donations | $147,930 | $93,497 | $0 | $(93,497) | -100.0% |
Total Revenue | $197,930 | $143,497 | $175,000 | $31,503 | 22.0% |
Fund 80 Community Service | 2019-20 Actual | 2020-21 Actual | 2021-22 Budget | Change Amount | Change Percentage |
---|---|---|---|---|---|
Early Literacy | $30,666 | $11,419 | $175,000 | $163,581 | 1432.5% |
Bags of Hope | $86,453 | $79,561 | $0 | $(79,561) | -100.0% |
Other | $1,827 | $0 | $0 | $0 | 0.0% |
Total Expenses | $118,946 | $90,980 | $175,000 | $84,020 | 92.3% |
Fund Balance | $96,061.59 | $677,598.27 | $677,598.27 | $0 | 0.0% |
ENROLLMENT & MEMBERSHIP
Enrollment represents the headcount of students on any given school day attending any school within the District. All Wisconsin school districts conduct a third Friday in September count as well as second Friday in January count. The September count generates a membership count of students actively attending the School District of Janesville or any other public school. This count is used to calculate the District’s revenue limit, by factoring the full-time equivalency (FTE) of each student. Within the revenue limit worksheet, summer school membership is added to the September membership value.
REVENUE LIMIT AUTHORITY
In 1993, the State of Wisconsin instituted revenue limits for Wisconsin public schools. The following table illustrates, since 2005-06, the revenue limits the School District of Janesville has operated under. The identified values indicate the allowable increase per member on a threeyear rolling average.
In 1993, the State of Wisconsin instituted revenue limits for Wisconsin public schools. The following table illustrates, since 2005-06, the revenue limits the School District of Janesville has operated under. The identified values indicate the allowable increase per member on a threeyear rolling average.
PROPERTY TAX INFORMATION
ROCK COUNTY MIL RATES OVER TIME
2021-22 TAX LEVY
The District’s tax levy is comprised of five elements, representing four funds and, if applicable any given year, the prior year levy chargeback. The prior year levy chargeback relates to prior year refunds of property taxes as determined by a municipality within the district. The following chart represents the percentage of the levy as it relates to each levy.
The following tables illustrate the tax levy over the course of the past three fiscal years, with the most recent reflected by the change columns, and the 2019-2020 levy by municipality.
Levy By Fund | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
General Fund | $27,983,099 | $29,683,125 | $30,751,626 | $1,068,501 | 3.6% |
Non-Ref. Debt Svc. | $2,927,898 | $2,781,213 | $2,758,183 | $(23,035) | -0.8% |
Referendum Debt Svc. | $9,773,713 | $9,683,688 | $12,968,893 | $3,285,205 | 33.9% |
Community Service | $50,000 | $50,000 | $175,000 | $125,000 | 250.0% |
Charge Back | $23,809 | $175,264 | $18,752 | $(156,512) | -89.9% |
Total Levy | $40,758,519 | $42,373,295 | $46,672,454 | $4,299,159 | 10.1% |
Levy By Municipality | 2019-2020 Actual | 2020-2021 Actual | 2021-2022 Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
City of Janesville | $37,106,153.00 | $38,417,028.15 | $42,674,714.00 | $4,257,685.85 | 11.1% |
Town of Harmony | $6,981.00 | $7,455.05 | $7,669.00 | $213.95 | 2.9% |
Town of Janesville | $1,705,456.00 | $1,855,607.25 | $1,990,918.00 | $135,310.75 | 7.3% |
Town of La Prairie | $406,289.00 | $432,958.86 | $494,651.00 | $61,692.14 | 14.2% |
Town of Rock | $1,533,640.00 | $1,660,245.69 | $1,826,752.00 | $166,506.31 | 10.0% |
Total Levy | $40,758,519.00 | $42,373,295.00 | $46,994,704.00 | $4,621,409.00 | 10.9% |
BUDGET ADOPTION FORMAT – REVENUES, FUND 10
General Fund | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
Beginning Fund Balance (Account 930 000) |
$23,052,923.14 | $23,466,527.80 | $24,027,911.79 |
Ending Fund Balance, Nonspendabel (Account 935 000) | $221,015.32 | $762,228.05 | $0.00 |
Ending Fund Balance, Restricted (Account 936 000) |
$239,277.87 | $77,522.73 | $0.00 |
Ending Fund Balance, Committed (Account 937 000) |
$100,000.00 | $100,000.00 | $0.00 |
Ending Fund Balance, Assigned (Account 938 000) |
$2,641,309.36 | $1,103,150.36 | $0.00 |
Ending Fund Balance, Unassigned (Account 939 000) |
$20,264,925.25 | $21,984,677.65 | $24,027,911.79 |
Total Ending Fund Balance (Account 903 000) |
$23,466,527.80 | $24,027,911.79 | $23,817,911.79 |
Revenues & Other Financing Sources | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
100 Transfers-in | $0 | $0 | $0 |
Local Sources 210 Taxes |
$28,097,872.23 | $30,036,923.23 | $30,840,378 |
240 Payments for Services | $889,000.00 | $500,719.00 | $941,703 |
260 Non-Capital Sales | $34,682.34 | $236,987.75 | $0 |
270 School Activity Income | $140,766.06 | $18,068.40 | $237,063 |
280 Interest on Investments | $101,861.45 | $8,534.63 | $0 |
290 Other Revenue Local Sources | $565,337.45 | $296,446.58 | $262,900 |
Subtotal Local Sources | $29,829,519.53 | $31,097,680.58 | $32,282,044 |
Other School Districts Within Wisconsin | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
310 Transit Aids | $10,824.45 | $8,944.63 | $0 |
340 Payments for Services | $4,573,322.00 | $4,508,281.12 | $5,015,000 |
380 Medical Service Reimbusements | $0.00 | $0.00 | $0 |
390 Other Inter-district, Within Wisconsin | $0.00 | $482.12 | $0 |
Subtotal Other School Districts Within Wisconsin | $4,584,146.45 | $4,517,707.87 | $5,015,000 |
Other School Districts Outside Wisconsin | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
440 Payments for Services | $290,090.71 | $0.00 | $0.00 |
490 Other Inter-disctrict, Outside Wisconsin | $0.00 | $0.00 | $0.00 |
Subtotal Other School Discticts Outside Wisconsin | $209,090.71 | $0.00 | $0.00 |
Intermediate Sources 510 Transit of Aids |
$21,172.96 | $13,900.00 | $0.00 |
530 Payments for Services From CCDEB | $0.00 | $0.00 | $0.00 |
540 Payments for Services From CESA | $0.00 | $0.00 | $0.00 |
580 Medical Services Reimbursement | $0.00 | $0.00 | $0.00 |
590 Other Intermediate Sources | $42,672.91 | $0.00 | $0.00 |
Subtotal Intermediate Sources | $63,845.87 | $13,900.00 | $0.00 |
State Sources 610 State Aid - Categorical |
$597,441.56 | $531,218.19 | $461,000 |
620 State Aid - General | $65,221,202.00 | $65,414,721.00 | $67,069,623 |
630 DPI Special Prject Grants | $253,249.37 | $173,904.60 | $204,120 |
640 Payments for Services | $261,454.00 | $259,582.00 | $200,000 |
650 Student Achievement Gaurantee in Education (SAGE Grant) | $728,352.88 | $597,600.66 | $645,000 |
660 Other State Revenue Through Local Units | $0.00 | $0.00 | $0.00 |
690 Other Revenue | 7,615,090.05 | 7,214,750.52 | 7,230,437 |
Subtotal State Sources | $74,676,789.86 | $74,162,517.24 | $75,810,180 |
Federal Sources 710 Federal Aid - Categorical |
$114,345.64 | 80,53.32 | 102,395 |
720 Impact Aid | $0.00 | $0.00 | $0.00 |
730 DPI Special Project Grants | $1,146,130.00 | $4,159,624.71 | $7,156,521 |
750 IASA Grants | $2,329,260.39 | $2,348,515.89 | $2,649,075 |
760 JTPA | $0.00 | $0.00 | $0.00 |
770 Other Federal Revenue Through Local Units | $0.00 | $0.00 | $0.00 |
780 Other Federal Revenue Through Stae | $764,727.25 | $749,349.87 | $600,000 |
790 Other Federal Revenue Direct | $0.00 | $0.00 | $0.00 |
Subtotal Federal Sources | $4,354,463.96 | $7,337,992.79 | $10,507,991 |
Other Financing Source 850 Reorganization Settlement |
$0.00 | $0.00 | $0.00 |
860 Compensation, Fixed Assests | $27,000.00 | $0.00 | $0.00 |
870 Long-Term Obligations | $0.00 | $2,833,521.00 | $3,502,000 |
Subtotal Other Financing Sources | $27,000.00 | $2,833,521.00 | $3,502,000 |
Other Revenues 960 Adjustments |
$14,083.78 | $86,525.07 | $0.00 |
970 Refund of Disbursment | $319,530.68 | $168,873.31 | $100,000 |
980 Medical Service Reimbursement | $0.00 | $0.00 | $0.00 |
990 Miscellaneous | $79,675.65 | $57,487.04 | $45,000 |
Subtotal Other Revenues | $413,290.11 | $312,885.42 | $145,000 |
Total Revenues & Other Financing Sources | $114,158,146.49 | $120,306,204.90 | $127,262,215 |
BUDGET ADOPTON FORMAT – EXPENSES BY FUNCTION, FUND 10
Expenditures & Other Financing Uses | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
Instrution 110 000 Undifferentiated Curriculum |
$23,473,931.74 | $25,645,757.48 | $31,072,401 |
120 000 Regular Curriculum | $18,812,965.17 | $20,222,887.86 | $22,074,857 |
130 000 Vocational Curriculum | $3,703,684.55 | $3,661,188.99 | $3,611,518 |
140 000 Physical Curriculum | $3,287,115.23 | $3,240,128.88 | $3,134,513 |
160 000 Co-Curricular Activities | $1,214,021.90 | $1,059,001.84 | $1,197,962 |
170 000 Other Special Needs | $5,260,846.12 | $6,476,998.10 | $5,031,523 |
Subtotal Instruction | $55,752,564.71 | $60,305,963.15 | $66,122,774 |
Support Sources 210 000 Pupil Services |
$4,123,015.82 | $4,493,944.69 | $4,505,828 |
220 000 Instructional Staff Services | $6,983,089.38 | $6,684,781.58 | $8,215,732 |
230 000 General Administration | $1,096,226.55 | $1,339,143.10 | $1,235,703 |
240 000 School Building Administration | $5,981,459.45 | $6,219,298.13 | $6,225,556 |
250 000 Business Administration | $14,081,958.67 | $13,846,301.41 | $15,692,397 |
260 000 Central Srevices | $2,055,728.29 | $1,583,032.26 | $1,860,352 |
270 000 Insurance & Judgments | $1,075,915.70 | $1,085,773.02 | $1,019,000 |
280 000 Debt Services | $185,965.08 | $934,577.50 | $1,819,020 |
290 000 Other Support Services | $3,407,661.37 | $2,477,693.83 | $2,470,096 |
Subtotal Support Sources | $38,991,020.31 | $38,664,551.52 | $43,043,687 |
Non-Program Transactions 410 000 |
$14,062,827.22 | $14,853,727.38 | $11,975,016 |
430 000 | $4,756,685.62 | $5,833,366.32 | $6,258,238 |
450 000 | $0.00 | $0.00 | $0.00 |
490 000 | $181,443.97 | $87,212.54 | $72,500 |
Subtotal Non-Progran & Transactions | $19,000,956.81 | $20,774,306.24 | $18,305,754 |
Total Expenditures & Other Financing Uses | $113,744,541.83 | $119,744,820.91 | $127,472,215 |
BUDGET ADOPTION FORMAT – SPECIAL PROJECTS FUND, FUND 21
Fund 21, Special Revenue Trust Fund is used to account for trust funds, such as student activity accounts, building and district level gifts and donations.
SPECIAL PROJECTS FUNDS (fUNDS 21, 23, 29) | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
900 000 Beginning Fund Balance | $381,885.06 | $691,831.31 | $677,598 |
900 000 Ending Fund Balance | $691,831.31 | $677,598.27 | $677,598 |
Revenues & Other Financing Sources | $799,610.48 | $291,432.69 | $0.00 |
100 000 Instruction | $383,955.26 | $241,301.08 | $0.00 |
200 000 Support Services | $105,708.97 | $64,370.65 | $0.00 |
400 000 Non-Program Transactions | $0.00 | $0.00 | $0.00 |
Total Expenditures & Other Financing Uses | $489,664.23 | $305,671.73 | $0.00 |
BUDGET ADOPTION FORMAT – SPECIAL EDUCATION, FUND 27 REVENUES
Special Education Fund (Fund 27) | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
900 000 Beginning Fund Balance | $0.00 | $0.00 | $0.00 |
900 000 Ending Fund Balance | $0.00 | $0.00 | $0.00 |
Total Revenues & Other Financing Sources | $12,462,827.22 | $11,353,727.38 | $11,975,016 |
100 Transfers-in | $0.00 | $0.00 | $0.00 |
240 Payments for Services | $0.00 | $0.00 | $0.00 |
260 Non-Capital Sales | $0.00 | $0.00 | $0.00 |
270 School Activity Income | $0.00 | $0.00 | $0.00 |
290 Other Revenue, Local Sources | $0.00 | $0.00 | $0.00 |
Subtotal Local Sources | $0.00 | $0.00 | $0.00 |
Other School Districts Within Wisconsin 310 |
$0.00 | $0.00 | $18,388 |
310 Transit Aids | $0.00 | $0.00 | $0.00 |
340 Payments for Services | $0.00 | $0.00 | $0.00 |
380 Medical Service Reimbusements | $0.00 | $0.00 | $0.00 |
390 Other Inter-district, Within Wisconsin | $0.00 | $0.00 | $0.00 |
Subtotal Other School Districts Within Wisconsin | $0.00 | $0.00 | $18,388 |
Other School Districts Outside Wisconsin 440 Payments for Services |
$0.00 | $0.00 | $0.00 |
490 Other Inter-disctrict, Outside Wisconsin | $0.00 | $0.00 | $0.00 |
Subtotal Other School Discticts Outside Wisconsin | $0.00 | $0.00 | $0.00 |
Intermediate Sources 510 Transit of Aids |
$0.00 | $0.00 | $0.00 |
530 Payments for Services From CCDEB | $0.00 | $0.00 | $0.00 |
540 Payments for Services From CESA | $0.00 | $0.00 | $0.00 |
580 Medical Services Reimbursement | $0.00 | $0.00 | $0.00 |
590 Other Intermediate Sources | $0.00 | $0.00 | $0.00 |
Subtotal Intermediate Sources | $0.00 | $0.00 | $0.00 |
State Sources 610 State Aid - Categorical |
$4,210,307.00 | $4,830,929.00 | $4,160,000 |
620 State Aid - General | $44,824.00 | $43,429.00 | $40,000 |
630 DPI Special Prject Grants | $24,738.66 | $0.00 | $0.00 |
640 Payments for Services | $34,695.00 | $47,922.00 | 30,000 |
650 Student Achievement Gaurantee in Education (SAGE Grant) | $0.00 | $0.00 | $0.00 |
660 Other State Revenue Through Local Units | $56,000.00 | $47,000.00 | $40,000 |
Subtotal State Sources | $4,370,564.66 | $4,969,280.00 | $4,270,000 |
Federal Sources 710 Federal Aid - Categorical |
$0.00 | $0.00 | $0.00 |
730 DPI Special Project Grants | $2,461,158.07 | $3,129,950.89 | $3,766,436 |
750 IASA Grants | $0.00 | $0.00 | $0.00 |
760 JTPA | $0.00 | $0.00 | $0.00 |
770 Other Federal Revenue Through Local Units | $0.00 | $0.00 | $0.00 |
780 Other Federal Revenue Through Stae | $500,024.59 | $639,886.10 | $500,000 |
790 Other Federal Revenue Direct | $0.00 | $0.00 | $0.00 |
Subtotal Federal Sources | $2,961,182.66 | $3,769,836.99 | $4,266,436 |
Other Financing Source 850 Reorganization Settlement |
$0.00 | $0.00 | $0.00 |
860 Compensation, Fixed Assests | $0.00 | $0.00 | $0.00 |
870 Long-Term Obligations | $0.00 | $0.00 | $0.00 |
Subtotal Other Financing Sources | $0.00 | $0.00 | $0.00 |
Other Revenues 960 Adjustments |
$0.00 | $0.00 | $0.00 |
970 Refund of Disbursment | $0.00 | $0.00 | $0.00 |
990 Miscellaneous | $0.00 | $0.00 | $0.00 |
Subtotal Other Revenues | $0.00 | $0.00 | $0.00 |
Total Revenues & Other Financing Sources | $19,794,674.54 | $20,092,844.37 | $20,529,840 |
BUDGETE ADOPTION FORMAT – SPECIAL EDUCATION, FUND 27 EXPENSES
Expenditures & Other Financing Uses | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
Instrution 110 000 Undifferentiated Curriculum |
$0.00 | $0.00 | $0.00 |
120 000 Regular Curriculum | $0.00 | $0.00 | $0.00 |
130 000 Vocational Curriculum | $0.00 | $0.00 | $0.00 |
140 000 Physical Curriculum | $0.00 | $0.00 | $0.00 |
150 000 Special Edcuation Curriculum | $14,900,527.45 | $15,188,572.52 | $15,286,777 |
160 000 Co-Curricular Activities | $0.00 | $0.00 | $0.00 |
170 000 Other Special Needs | $157,309.01 | $157,023.20 | $165,389 |
Subtotal Instruction | $15,057,836.46 | $15,345,595.72 | $15,452,166 |
Support Sources 210 000 Pupil Services |
$2,455,285.92 | $2,639,338.32 | $2,631,115 |
220 000 Instructional Staff Services | $814,969.65 | $787,840.75 | $869,405 |
230 000 General Administration | $19,742.66 | $7,470.00 | $7,000 |
240 000 School Building Administration | $0.00 | $0.00 | $0.00 |
250 000 Business Administration | $1,071,297.14 | $1,184,988.26 | $1,412,619 |
260 000 Central Srevices | $6,853.03 | $8,194.82 | $25,500 |
270 000 Insurance & Judgments | $0.00 | $0.00 | $0.00 |
280 000 Debt Services | $0.00 | $0.00 | $0.00 |
290 000 Other Support Services | $0.00 | $0.00 | $0.00 |
Subtotal Support Sources | $4,386,148.40 | $4,627,832.15 | $4,945,939 |
Non-Program Transactions 410 000 |
$0.00 | $0.00 | $0.00 |
430 000 | $368,689.68 | $119,416.50 | $132,035 |
490 000 | $0.00 | $0.00 | $0.00 |
Subtotal Non-Progran & Transactions | $368,689.68 | $119,416.50 | $132,035 |
Total Expenditures & Other Financing Uses | $19,794,674.54 | $20,092,844.37 | $20,529,840 |
BUDGET ADOPTION FORMAT – FUNDS 38 & FUND 39, DEBT SERVICE
Debt Service Fund (Funds 38, 39) | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
900 000 Beginning Fund Balance | $1,356,007.70 | $1,399,094.46 | $1,187,252.61 |
900 000 Ending Fund Balance | $1,399,094.46 | $1,187,252.61 | $1,140,865.61 |
Total Revenues & Other Financing Sources | $22,876,096.63 | $12,530,947.51 | $16,601,893 |
281 000 Long-Term Capital Debt | $11,483,151.04 | $12,742,789.36 | $16,601,893 |
282 000 Refinancing | $10,070,338.83 | $$0.00 | $0.00 |
283 000 Operational Debt | $0.00 | $0.00 | $0.00 |
285 000 Post Employment Benefit Debt | $0.00 | $0.00 | $0.00 |
289 000 Other Long-Term General Obligation Debt | $1,279,520.00 | $0.00 | $0.00 |
400 000 Non-Program Transactions | $0.00 | $0.00 | $0.00 |
Total Expenditures & Other Financing Uses | $22,833,009.87 | $12,742,789.36 | $16,648,280 |
842 000 Indebtedness, End of Year | $46,740,000.00 | $58,365,000.00 | $45,7335,000 |
BUDGET ADOPTION FORMAT – FUNDS 46 & 49, CAPITAL
Capital Projects Fund (Funds 41, 46, 48 ,49) | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
900 000 Beginning Fund Balance | $4,584,252.19 | $6,285,452.35 | $31,920,235.70 |
900 000 Ending Fund Balance | $6,285,452.35 | $31,920,235.70 | $14,922,235.70 |
Total Revenues & Other Financing Sources | $1,701,571.97 | $26,006,080.40 | $2,000 |
100 000 Instruction | $0.00 | $$0.00 | $0.00 |
200 000 Support Services | $0.00 | $371,297.05 | $17,000,000 |
300 000 Community Services | $0.00 | $0.00 | $0.00 |
400 000 Non-Program Transactions | $371.81 | $0.00 | $0.00 |
Total Expenditures & Other Financing Uses | $371.81 | $371,297.05 | $17,000,000 |
BUDGET ADOPTION FORMAT – FUND 50, FOOD SERVICE
Food Service Fund (Fund 50) | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
900 000 Beginning Fund Balance | $1,587,293.98 | $1,486,207.47 | $1,664,252.68 |
900 000 Ending Fund Balance | $1,486,207.47 | $1,664,252.68 | $1,664,252.68 |
Total Revenues & Other Financing Sources | $5,141,414.72 | $5,473,943.45 | $5,500,000 |
200 000 Support Services | $5,242,501.23 | $5,295,898.24 | $5,500,000 |
400 000 Non-Program Transactions | $0.00 | $0.00 | $0.00 |
Total Expenditures & Other Financing Uses | $5,242,501.23 | $5,295,898.24 | $5,500,000 |
BUDGET ADOPTION FORMAT – FUND 80, COMMUNITY SERVICE
Community Service Fund (Fund 80) | Audited 2019-20 |
Unaudited 2020-19 |
Budget 2021-22 |
---|---|---|---|
900 000 Beginning Fund Balance | $17,077.79 | $96,061.59 | $144,187.78 |
900 000 Ending Fund Balance | $96,061.59 | $144,189.78 | $144,189.78 |
Total Revenues & Other Financing Sources | $197,929.61 | $143,496.57 | $175,000 |
200 000 Support Services | $0.00 | $0.00 | $0.00 |
300 000 Community Services | $118,945.81 | $95,368.38 | $175,000 |
400 000 Non-Program Transactions | $0.00 | $0.00 | $0.00 |
Total Expenditures & Other Financing Uses | $118,945.81 | $95,368.38 | $175,000 |
Budget Book 2020-2021
ADA Compliant Budget Book 2020-2021
- School District of Janesville
- Introduction / District Overview
- District Funds
- Building the Budget
- General Fund (10) Revenues
- Special Education
School District of Janesville
Introduction / District Overview
INTRODUCTION
The Business Services team is pleased to present the 2020-2021 School District of Janesville Budget. A balanced budget is being presented to the Board of Education for approval on October 27, 2020. As a result of the COVID-19 pandemic, the School District of Janesville received two federal grants to supplement the district’s response to the pandemic. The grants are not being used to supplant existing or normal operating expenditures, but rather the district has chosen to use the funds to expand Arise Virtual Academy, providing on-line instruction and support, thereby reducing the number of students in our traditional brick and mortar buildings. Federal funding is also assisting the district to counter the increased costs associated with transporting students in a socially distanced manner, maintaining a clean and disinfected environment, and by providing the necessary personal protective equipment for students and staff. The district received the following federal grant awards:
- Elementary & Secondary Emergency Relief Fund (ESSR) $2,000,119.00
- Governor’s Emergency Education Relief Fund (GEER) $1,434,637.00
DISTRICT OVERVIEW
The School District of Janesville serves approximately 9,440 pre-kindergarten through 12th grade students in 21 schools. As one the largest school districts in the State of Wisconsin, our instructional programs are provided in two comprehensive high schools (9-12), three middle schools (6-8), twelve elementary schools (K-5), and thirteen P4J Community Partnership sites (4year-old early learners). In addition, we serve students in four charter schools: Rock University High School, Rock River Charter School, TAGOS Leadership Academy, and the Arise Virtual Academy. The District is committed to preparing our students to enter the world beyond the classroom as life-long learners with strong academic skills and a sense of self. In short, the district is ensuring that every graduate is college and/or career ready.
In 2017, the School District adopted the "Janesville Promises" to address key elements impacting student and school success. These Promises utilize Five components with indicators that move the entire district forward. Our ultimate Promise is that every student will graduate ready for college, career, and life. The District “Staffing Plan for 2020-2021” has served as the foundation for budget development activities.
BUDGET DOCUMENT
The 2020-2021 budget is being presented by fund. When comparing current year budget to prioryear expenditures, it may be helpful to keep in mind that the prior-year data is actual and not as originally budgeted. The 2019-2020 actual data has been subject to audit, but as of the release of the budget, is not yet available in report form.
Readers will find that data presented is not a collection of program-oriented budgets displaying what each program costs, but rather, a cost accounting budget presented by functional areas that describe the purpose for which expenditures are made. This is consistent with the Wisconsin Uniform Financial Accounting Requirements (WUFAR) structure and the budget presentation format required by Chapter 65.90, Wis. Stats. In order to assist the reader in understanding the meaning behind the numbers, narrative explanations detailing the WUFAR system are provided throughout the document.
The budget is based upon all information known and decisions made through October 15, 2020. The last piece of budget data, the October 15 Aid Certification and related adjustments to the Revenue Limit computation, are incorporated in to the final 2020-2021 District budget.
So as to meet the needs of students, careful administration of the budget plan is essential to achieving short-term and long-term strategic direction and the financial health of the district. We look forward to an exciting and successful school year in 2020-2021. In closing, on November 3, 2020, the district is seeking the approval of two referendum questions. The first related to an investment in safety, security and facilities and the second related to operations. Each question is critical to the district.
- Question 1. $22.5 million for safety, security and facility improvements
- Question 2. A four-year, non-recurring referendum to exceed the district revenue limit authority; $3.5 million in year one, 7.5 million in year two, 11.5 million in year three and 14.5 million in year four beginning in the 2021-2022 fiscal year.
- Dan McCrea, SFO Chief Financial Officer
- Jamie Legreid Comptroller
- Tami Carlson Financial Analyst / Grants Manager
October 16, 2020
District Funds
Wisconsin school finance practices and generally‐accepted accounting principles require that the District segregate financial transactions into distinct accounting entities, called funds. Funds are used to report on‐going annual costs of operating the district, to account for capital projects financed through borrowing, or to place certain revenues and expenses in a trust. SDJ utilizes the following funds for budgetary purposes:
- General Fund (Fund 10) $120,684,879
- Special Education Fund (Fund 27) $20,915,531
- Debt Service Funds (Funds 38 & 39) $12,677,973
- Capital Funds (Funds 46 & 49) $1,186,952
- Food Service Fund (Fund 50) $4,990,373
- Community Service Fund (Fund 80) $50,000
- All Fund Total $160,505,708
Debt service funds include all transactions related to the payment of general obligation debt and refinancing of debt.
Capital funds are created whenever acquired resources are restricted for the acquisition or construction of specific capital projects or purchase of capital items.
The community service fund allows for the segregation of financial transactions related to community use of facilities and programs operated for the benefit of the entire community.
All revenues, expenditures, and changes in fund balance for each fund are accounted for separately and reported to DPI.
The District also operates and manages the following funds, which are not included in total budgeted District expenditures:
- Employee Benefit Trust Fund (Fund 73) – The OPEB Trust Fund accounts for resources held in trust for post‐employment benefit plans legally established as an irrevocable trust.
- Special Revenue Trust Fund (Fund 21) – Accounts for gifts and donations to the District
Building the Budget
BUILDING THE BUDGET
December marks the official start to building the district’s budget, beginning with the development of budget assumptions based on the State of Wisconsin’s biennial budget in support of education as well as local determinations. The 2020-2021 district budget is in year two of the state’s biennial budget which supported a $0 increase in per student categorial aid, a $179 per member increase in revenue limit authority, a low revenue limit ceiling increase to $10,000 per member and an increase in special education reimbursement from $.248 to $.30 for every local dollar spent in special education costs.
2020-2021 BUDGET DEVELOPMENT ASSUMPTIONS - UPDATED
Budget development assumptions create parameters, at a high level, that guide both administration and the Board of Education during the budget modeling and development process.
FINANCIAL MANAGEMENT
- District Administration will present and the Board of Education will adopt a balanced budget that meets the needs of the District’s students.
- The District’s fund balance will not be utilized for recurring expenses.
- The District will model the mil rate effect of pre-paying (defeasing) its long-term Fund 39 debt obligation.
- The District will examine cash flow needs to determine the necessity of short-term borrowing.
- The Board will utilize its full authority to levy within the allowable revenue limit.
- Property values are expected to increase by 4%, with the district’s final equalized property value, as determined by the Wisconsin Department of Revenue to be 3.9%. The prior fiveyear average is 5.19%.
- In the Spring of 2020 the Administration will provide the Board of Education a budget prioritization list aligned with the District’s Five Promises. REVENUE Per Student Categorical Aid (outside the district’s revenue limit authority)
- The 2020-2021 per pupil categorical aid will remain flat at the 2019-2020 rate of $742.00 per FTE. Depending on membership, the total value will either increase or decrease revenue.
- The state biennial budget allows for no increase State Equalization Aid in 2020-2021.
- Reimbursement for special education funding will increase from $.30 on the dollar yielding approximately $895,000 more in state revenue, thereby decreasing the annual Fund 10 to 27 transfer by the same amount. Revenue Limit Authority
- The allowable revenue limit increase will be $179.00 per FTE; however, the district will experience a decline in its base revenue limit with the expiration of the prior years $1,406,500 non-recurring, declining revenue exemption. Furthermore, the district’s low revenue limit ceiling will increase $300; from $9,700 to $10,000 per FTE. The district’s base revenue rose by 1.32%
- For budget planning purposes the District’s non-summer school student FTE for September is projected to decrease to from 9,360 to 9,231. Preceding September FTE counts have been:
- a. 2015 – 9,898
- b. 2016 – 9,780
- c. 2017 – 9,668
- d. 2018 – 9,528
- e. 2019 – 9,370
- f. 2020 – 9,231 – assumption, actual 9,060 – a total decrease of 310
- For budget planning purposes the District’s summer school student FTE will remain at 70; however, the actual summer school FTE was 35.
- State Equalization Aid increased $296,983 from $64,477,055 to $64,774,038. Note that an increase in state equalization aid is not an increase in revenue, but rather an off-set of local tax levy within the district’s revenue limit authority.
OPEN ENROLLMENT PROGRAM (OUTSIDE THE DISTRICT’S REVENUE LIMIT AUTHORITY)
- For budget planning purposes, the District’s open enrollment-in will remain status quo at 601 (578.2FTE, $4,645,156), and open enrollment-out will remain at 401 (388.4 FTE, $3,159,330). To the contrary, final open enrollment numbers were incorporated in to the district’s budget. 568 non-resident students attending and 466 residents attending elsewhere. Open enrollment students vary by FTE and cost or revenue within a fluid environment known as alternative open enrollment, meaning families may come and go as they choose. In short, the district will see a decline in open enrollment net revenue by approximately $725,793 as of the September 18, 2020 third Friday count. EXPENSES
- 16. The District utilized a cast forward model consisting of the budgeted 2019-2020 expenses.
- The District’s increase wage increase settled at 2.24%. The District’s experienced a 7.01% increase in health insurance. Fund 10 and 27 salary and benefit compensation budget over prior year actual increased 4.25%, including the addition of salary and benefits associated with staffing Arise Virtual Academy in response to COVID-19 and supported by federal funding. STAFFING
- As presented by Scott Garner to the BOE on November 12, 2019 the 2020-2021 staffing plan assumptions are developed within the guidelines established by Board Policy 4221. a. TPR of 1:25 for grades K-3 b. TPR of 1:30 for grades 4-5 c. TRP of 1:30 for grades 6-8 d. TPR of 1:32 for grades 9-12 19. As outlined on Page 3 of the annual staffing plan, staffing costs were reduced by $353,549 or 5.49 full time equivalents.
OTHER BUDGETARY CONSIDERATIONS
- As noted earlier in the budget report, the School District of Janesville is the recipient of two federal grants to aid the district’s response to COVID-19. The grants are not being used to supplant existing or normal operating expenditures, but rather the district has chosen to use the funds to expand Arise Virtual Academy, providing on-line instruction and support, thereby reducing the number of students in our traditional brick and mortar buildings. Federal funding is also assisting the district to counter the increased costs associated with transporting students in a socially distanced manner, maintaining a clean and disinfected environment, and by providing the necessary personal protective equipment for students and staff. The district received the following federal grant awards:
- Elementary & Secondary Emergency Relief Fund (ESSR) $2,000,119.00
- Governor’s Emergency Education Relief Fund (GEER) $1,434,637.00
- The district opted to lease technology, notably, iPads for elementary students rather than directly purchase. The leasing of technology affords the district to earn a residual at the end of a lease term or directly purchase the device for a pre-determined market value. The Wisconsin Department of Public Instruction regulates that the full cost of lease be recorded in the obligated fiscal year as a revenue and off-setting expenses. As such the district’s total revenues and expenses increased $2,692,990, representing the full lease value.
General Fund (10) Revenues
The following chart and table illustrate the District’s General Fund (10) revenues, by source, beginning with the 2020‐21 fiscal year to current. District revenues include approximately $10 million additional ESSER and similar funding compared to the prior year, and approximately $2 million less of revenue compared to the prior year due to a change in lease accounting. Without the two aforementioned sources, revenues would have increased approximately 0.2%. In the context of all Fund 10 revenues, approximately 57% is derived from state sources and 23% from local sources.
REVENUES – FUND 10
The following chart and table illustrate the district’s GENERAL FUND 10 revenues, from all sources, beginning with the 2018-19 fiscal year to the current 2020-2021 fiscal year. District revenues include ESSR and GEER funding as well as documenting the district’s lease cost, illustrating a 5.72% increase in revenue. Without the two aforementioned revenue sources, district revenues would have increased only .29%. In the context of all Fund 10 revenues, 61% is derived from state sources, 26% from local sources, and the remaining from inter-district (open enrollment), federal and miscellaneous sources.
Revenue by Type (Source) | 2018-19 FY Activity | 2019-20 FY Activity | 2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Revenue Local Sources | $30,229,278.21 | $29,829,519.53 | $30,922,595.00 | $1,093,075.47 | 3.7% |
Inter-Dis Pymt. in WI | $4,355,170.38 | $4,584,146.45 | $4,605,091.00 | $20,944.55 | 0% |
Intr-Dis Pymt Out WI | $378,793.31 | $209,090.71 | $0 | -$209,090.71 | -100% |
Rev. Intermediate SOU | $28,785.10 | $63,845.87 | $5,600.00 | -$554,608.86 | -91% |
Rev. State Sources | $75,162,348.34 | $74,676,789.86 | $74,122,181.00 | -$554,608.86 | -0.7% |
Rev. Federal Sources | $4,743,729.53 | $4,354,463.96 | $8,096,170.00 | $3,741,706.04 | 86% |
Other Financing Sources | $824,319.00 | $27,000.00 | $2,692,994.00 | $2,665,994.00 | 9874% |
Other Revenue | $3,081,844.33 | $413,290.11 | $240,248.00 | -$173,042.11 | -42% |
General | $118,804,268.20 | $114,158,146.49 | $120,684,879.00 | $6,526,732.51 | 5.72% |
EXPENSES – FUND 10
The following chart and table illustrate the district’s GENERAL FUND 10 expenses, all objects, beginning with the 2018-19 fiscal year to the current 2020-2021 fiscal year. District expenses include ESSR and GEER funding as well as documenting the district’s lease cost, illustrating a 6.10 % increase in expenses. Without the two aforementioned expenses, district expenses would have increased only .29%. In the context of Fund 10 expenses, salaries and benefits account for a majority of expenses, 66%. As people are the district’s primary resource and method of educational delivery, both Fund 10 and 27 salary and benefit expenses account for 77.7% of all expenses.
Expenses (By Function) | 2018-19 FY Activity | 2019-20 FY Activity | 2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Saleries | 57,003,337.90 | 57,142,030.24 | 61,694,495.00 | 4,552,464.76 | 7.97% |
Employee Benefits | 19,901,974.25 | 19,925,317.13 | 18,424,910.00 | -1,500,407.13 | -7.53% |
Purchased Services | 17,033,203.83 | 15,027,563.80 | 17,983,782.00 | 2,956,218.20 | 19.67% |
Non-Capital Objects | 4,485,975.41 | 3,977,288.01 | 6,132,498.00 | 2,155,209.99 | 54.19% |
Capital Objects | 3,582,371.28 | 1,977,288.01 | 1,091,707.00 | -864,385.04 | -44.19% |
Debt Retirement | 92,993.12 | 185,965.08 | 890,335.00 | 704,369.92 | 378.76% |
Insurance / Judgments | 1,051,276.97 | 1,047,771.05 | 989,500.00 | -58,271.05 | -5.56% |
Operating Transfers | 15,248,492.12 | 14,062,827.22 | 13,115,527.00 | -947,300.22 | -6.74% |
Other Objects | 370,854.44 | 419,687.26 | 362,125.00 | -57,562.26 | -13.72% |
General | 188,770,479.32 | 113,744,541.83 | 120,684,879.00 | 6,940,337.17 | 6.10% |
Ending Fund Balance | 23,052,923.14 | 23,466,527.80 | 23,466,527.80 | 0.00 | 0% |
REVENUES – FUND 27
The following chart and table illustrate the district’s SPECIAL EDUCATION FUND 27 revenues, from all sources, beginning with the 2018-19 fiscal year to the current 2020-2021 fiscal year. As earlier noted, the State of Wisconsin increased special education cost reimbursement from 24.8% to 30%. The district’s operating transfer increased, even with additional state support. The fluidity of the Fund 27 budget is due in part to the reduced federal support resulting from the reduction of allowed, prior year carryover of federal funds.
Revenue by Type (Source) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Operating Transfers | 12,148,492.12 | 12,462,827.22 | 13,115,527.00 | 652,699.78 | 5.24% |
Rev. State Sources | 4,114,827.00 | 4,370,564.66 | 5,266,333.00 | 895,768.34 | 20.50% |
Rev. Federal Sources | 3,168,303.22 | 2,961,182.66 | 2,533,671.00 | -427,511.66 | -14.44% |
Special Education Fund | 19,431,822.34 | 19,794,674.54 | 20,915,531.00 | 1,120,856.46 | 5.66% |
EXPENSES – FUND 27
The following chart and table illustrate the district’s GENERAL FUND 27 expenses, all objects, beginning with the 2018-19 fiscal year to the current 2020-2021 fiscal year. Salaries and benefits account for 93% of special education costs. As people are the district’s primary resource and method of educational delivery, both Fund 10 and 27 salary and benefit expenses account for 77.7% of all expenses.
Expenses by Type (Object) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Saleries | 13,233,126.25 | 13,482,908.16 | 14,436,089.00 | 953,180.84 | 7.07% |
Employee Benefits | 4,512,948.38 | 4,943,868.05 | 5,000,305.00 | 56,436.95 | 1.14% |
Purchased Service | 1,492,052.71 | 1,306,105.96 | 1,382,599.00 | 76,453.04 | 5.85% |
Non-Capital Objects | 11,675.75 | 41,028.75 | 90,228.00 | 49,199.25 | 120% |
Capital Objects | 74,922.75 | 14,964.14 | 0 | -14,964.14 | -100% |
Other Objects | 7,096.50 | 5,799.48 | 6,350.00 | 550.52 | 9.5% |
Special Edcuation Fund | 19,431,822.34 | 19,794,674.54 | 20,915,531.00 | 1,120,856.46 | 5.66% |
REVENUES & EXPENSES – FUNDS 38 & 39, DEBT SERVICE
Fund 38 – Non-Referendum Approved Debt
Fund 38 debt, within the district’s revenue limit authority, accounts for debt related to the merger of the two Wisconsin retirement systems and the district’s use of the Act 32 Energy Exemption for work related to facility improvements, predominately at Edison Middle School, replacing outdated boilers and other mechanical, electrical and plumbing systems. Act 32 is no longer available for Wisconsin school districts. It should be noted that in 2019 the district refinanced debt related to the merged retirement systems saving $1,566,860 or $150,000 a year on an annual basis. The 2019-2020 activity of $10,075,000 accounts for the refinancing. Note, debt is levied on the calendar year, but paid in the fiscal year.
Revenue by Type (Source) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Revenue Local Sources | 2,943,834.40 | 3,010,539.20 | 2,786,218.00 | -224,321.20 | -7% |
Other Financing SOU | 0 | 10,075,000.00 | 0 | -10,075,000.00 | -100% |
Other Revenue | 455,876.54 | 0 | 0 | 0.00 | 0% |
Non-Referendum Debt | 3,389,710.94 | 13,05,539.20 | 2,786,218.00 | -10,299,321.20 | -71% |
Expense by Type (Object) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Debt Retirement | 2,957,770.00 | 13,026,708.83 | 2,905,735,.00 | -10,120,973.83 | -78% |
Operating Transfers | 0 | 0 | 0 | 0.00 | 0% |
Non-Referendum Debt | 2,957,770.00 | 13,02,708.83 | 2,905,735.00 | -10,120,973.83 | -78% |
Fund 39 – Referendum Approved Debt
Debt Retierment
The district’s Fund 39 debt relates the 2006 approved referendum for the purpose of building renovations at Craig and Parker High Schools, and various elementary schools. The 2019 the district took advantage of a strategy, to pre-pay debt, allowing for savings and the restructuring of debt retiring in 2028. The district is again planning to pre-pay $4,980,000 of debt.
Revenue by Type (Source) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Operating Transfers | 0 | 371.81 | 0 | -371.81 | -100% |
Revenue Local Sources | 6,704,400.29 | 9,790,185.62 | 9,693,688.00 | -96,497.62 | -1% |
Other Revenue | 1,514.82 | 0 | 0 | 0.00 | 0% |
Debt Service Fund | 6,705,915.11 | 9,790,557.43 | 9,693,688.00 | -96,869.43 | -1% |
Expense by Type (Object) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Debt Retirement | 6,774,443.76 | 9,806,301.04 | 9,772,238.00 | -34,063.04 | 0% |
Other Objects | 0 | 0 | 0 | 0.00 | 0% |
Debt Service Fund | 6,774,443.76 | 9,806,301.04 | 9,772,238.00 | -34,063.04 | 0% |
REVENUES & EXPENSES – FUND 46, LONG TERM CAPITAL MAINTENANCE
In 2015 the Board of Education acted to establish a long-term capital maintenance fund which could not be utilized until five years after its inception. Investing in Fund 46 is usually accomplished by transferring funds from Fund 10 to 46 at the conclusion of a fiscal year and before July 30. As the 2020-2021 is an unusual fiscal year, dominated by COVID-19 and subsequent loss of revenue related to the Janesville International Exchange Program and open enrollment, Fund 46 is needed to cover normal, large ticket capital maintenance items. Should district expenses not be fully exercised as budgeted, it is recommended that unspent funds be used to cover capital maintenance rather than using Fund 46 funds. Past practice has been for administration to present options for projected un-spent funds. Discussion regarding such options will include Fund 46.
Revenue by Type (Source) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Operating Transfers | 3,100,000.00 | 1,600,000.00 | 0 | -1,600,000.00 | -100% |
Revenue Local Sources | 52,971.20 | 101,571.61 | 105,000.00 | 3,428.39 | 3% |
Other Revenue | 0 | 0 | 0 | 0 | 0% |
Long Term Capital | 3,152,971.20 | 1,701,571.61 | 105,000.00 | -1,596,571.61 | -94% |
Expense by Type (Object) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Purchased Service | 0 | 0 | 1,186,952.00 | 1,186,952.00 | 100% |
Long Term Capital | 0.00 | 0.00 | 1,186,952.00 | 1,186,952.00 | 100% |
Ending Fund Balance | 4,583,881.00 | 6,285,452.61 | 5,203,500.61 | -1,081,952.00 | -17% |
REVENUES & EXPENSES – FUND 50, FOOD SERVICE
The district self operates its school food service program, absent from the local levy, serving breakfast and lunch in participation with the United States Department of Agriculture, National School Lunch Program. During on the onslaught of COVID-19 the food service program served over 175,689 meals between March and August.
Revenue by Type (Source) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Operating Transfers | 0 | 0 | 0 | 0 | 0% |
Revenue Local Sources | 1,145,402.56 | 838,132.88 | 288,750.00 | -549,382.88 | -66% |
Rev State Source | 115,605.99 | 110,496.71 | 0 | -110,496.71 | -100% |
Rev Federal Source | 4,039,549.43 | 4,179,454.96 | 4,138,900.00 | -40,554.96 | -1% |
Other Revenue | 521.20 | 13,330.17 | 12,000.00 | -1,330.17 | -10% |
Food Service FUnd | 5,301,078.78 | 5,141,414.72 | 4,439,650.00 | -701,764.72 | -14% |
Expense by Type (Object) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Saleries | 1,754,987.42 | 1,801,211.26 | 1,770,722.00 | -30,489.26 | -2% |
Emplyoee Benefits | 456,322.57 | 443,987.71 | 469,493.00 | 25,505.29 | 6% |
Purchased Service | 221,849.94 | 135,064.21 | 90,624.00 | -44,440.21 | -33% |
Non-Capital Objects | 2,847,804.71 | 2,826,556.97 | 2,203,235.00 | -623,321.97 | -22% |
Capital Objects | 155,487.69 | 8,613.76 | 424,874.00 | 416,260.24 | 4833% |
Operating Transfers | 0 | 0 | 0 | 0 | 0% |
Other Objects | 27,687.50 | 27,067.32 | 31,425.00 | 4,357.68 | 16% |
Food Service Fund | 5,464,139.83 | 5,242,501.23 | 4,990,373.00 | -252,128.23 | -5% |
Ending Fund Balance | 1,587,294.00 | 1,486,207.49 | 935,484.49 | -550,723.00 | -37% |
REVENUES & EXPENSES – FUND 73, OTHER POST EMPLOYMENT BENEFITS
The district established a Fund 73 as a mechanism to account for post-employment benefit obligations such as health insurance. Typically, the district makes both annual contributions and withdrawals to the fund. It should be noted the district’s expenses related to post-employment benefits is decreasing over time, related to the reduction of such benefits. The 2019-2020 increase in revenue relates to district-wide savings in other expense areas, resulting the ability to transfer funds, identified as other revenue.
Revenue by Type (Source) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Revenue Local Sources | 62,672.86 | 43,205.72 | 40,000.00 | -3,205.72 | -7% |
Other Revenue | 1,382,287.42 | 3,247,038.45 | 121,673.00 | -3,125,365.45 | -96% |
Pension-Other Emplyee Ben | 1,444,960.28 | 3,290,244.17 | 161,673.00 | -3,128,571.17 | -95% |
Expense by Type (Object) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Other Objects | 1,979,674.65 | 1,718,446.49 | 1,472,109.00 | -246,337.49 | -14% |
Pension-Other Emplyee Ben | 1,979,674.65 | 1,718,446.49 | 1,472,109.00 | -246,337.49 | -14% |
Ending Fund Balance | 4,323,726.00 | 5,804,523.68 | 4,494,087.68 | -1,310,436.00 | -23% |
REVENUE & EXPENSES – FUND 21, SPECIAL REVENUE TRUST FUND
Fund 21 holds gifts and donations to the district that can be used for district operations
Revenue by Type (Source) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Revenue Local Sources | 499,591.91 | 799,610.48 | 0 | 0 | 0% |
Other Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0% |
Special Revenue Trust Fund | 499,591,91 | 799,610.48 | 0.00 | 0.00 | 0% |
Expense by Type (Object) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Saleries | 6,701.15 | 3,384.85 | 0 | 0 | 0% |
Emplyoee Benefits | 874.23 | 426.52 | 0 | 0 | 0% |
Purchased Service | 138,402.38 | 114,148.53 | 0 | 0 | 0% |
Non-Capital Objects | 225,019.22 | 276,572.51 | 0 | 0 | 0% |
Capital Objects | 25,248.27 | 19,204.97 | 0 | 0 | 0% |
Other Objects | 42,028.70 | 75,926.85 | 0 | 0 | 0% |
Special Revenue Trust Fund | 60,784.96 | 489,664.23 | 0.00 | 0.00 | 0% |
Ending Fund Balance | 381,885.06 | 691,831.31 | 691,831.31 | 0.00 | 0% |
REVENUE & EXPENSES – FUND 80, COMMUNITY SERVICE
In 2019 the Board of Education embraced the opportunity to support early literacy with the Fund 80, Community Service, mechanism.
Revenue by Type (Source) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Revenue Local Sources | 79,572.59 | 197,929.61 | 50,000.00 | -147,929.61 | -75% |
Community Service | 79,572.59 | 197,929.61 | 50,000.00 | -147,929.61 | -75% |
Expense by Type (Object) | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
Purchased Service | 732.15 | 33,686.06 | 0 | -33,686.06 | -100% |
Non-Capital Objects | 76,995.85 | 85,259.75 | 50,000.00 | -35,259.75 | -41% |
Community Service | 77,728.00 | 118,945.81 | 50,000.00 | -68,945.81 | -58% |
Ending Fund Balance | 17,077.79 | 96,061.59 | 96,061.59 | 0.00 | 0% |
ENROLLMENT & MEMBERSHIP
Enrollment is essentially the district’s head count of students on any given school day. All Wisconsin school districts conduct a third Friday in September count as well as second Friday in January count. The September count identifies a district’s membership of actively public educated students attending the School District of Janesville or other public schools. The result of the count yields a membership number which is used to calculate the district’s revenue limit. Within the revenue limit worksheet, summer school membership is added to the September membership value. The following chart illustrates the September membership, not including summer school, and September enrollment. Like most Wisconsin school districts, COVID-19 has had a negative impact on the district’s enrollment and membership, which is expected to rebound for 2021-2022. The district’s second Friday in January pupil count will be a key factor in the 2021-2022 budget development process.
REVENUE LIMIT AUTHORITY
In 1993 the State of Wisconsin instituted revenue limits for Wisconsin public schools. The following table illustrates, since 2004-2005, the revenue limits the School District of Janesville has operated under. The identified values indicate the allowing increase per member on a threeyear average.
Base revenue is key to a district’s long-term financial health. The best comparable data point between district is base revenue, line seven of the revenue limit worksheet. The district’s base revenue has been decreasing over time, as non-recurring exemptions expire. The recent uptick in 2020-2021 relates to the low revenue limit ceiling increasing to $10,000 per member, up from $9,700. The district’s need to seek an operating referendum is a direct result of decreasing membership and decreasing base revenue, each of which are factored in to the district’s financial forecast model.
PROPERTY TAX INFORMATION
The district’s mil rate has remained steady the past two years at $8.48, following a decline from $10.06 in 2013-2014. The following table illustrates the mil rate trend since 2013-2014.
ROCK COUNTY MIL RATES OVER TIME
Historically, the School District of Janesville and Milton have had the lowest rates in Rock County. Milton has not carried debt until their recent debt referendum, thus the increase from 2018-19 to 2019-20.
2020-2021 TAX LEVY
The district’s tax levy is comprised of five elements, representing four funds and, if applicable any given year, the prior year levy chargeback. The prior year levy chargeback relates to prior year refunds of property taxes as determined by a municipality within the district. The following chart represents the percentage of the levy as it relates to each levy.
2020-2021 TAX LEVY
The following tables illustrate the tax levy over the course of the past three fiscal years, with the most recent reflected by the change columns, and the 2019-2020 levy by municipality.
LEVY BY FUND
Propery Tax Levy | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
General Fund 10 | 27,683,640.00 | 27,983,099.00 | 29,683,125.00 | 1,700,026.00 | 6.08% |
Debt Srvice Fund 38 | 2,929,570.00 | 2,927,898.00 | 2,781,218.00 | -146,680.00 | -5.01% |
Debt Srvice Fund 39 | 6,688,134.00 | 9,773,713.00 | 9,683,688.00 | -90,025.00 | -0.92% |
Community Service Fund 80 | 0.00 | 50,000.00 | 50,000.00 | 0.00 | 0.00% |
Property Charge Back | 220,620.00 | 175,264.00 | 175,264.00 | 151,455.00 | 636% |
Property Tax Levy | 37,521,964.00 | 42,373,295.00 | 42,373,295.00 | 1,614,776.00 | 3.96% |
PI 401 | 2018-19 FY Activity |
2019-20 FY Activity |
2020-21 Original Budget | Change Amount | Change Percent |
---|---|---|---|---|---|
City of Janesville | 34,038,776.81 | 37,106,153.00 | 38,417,028.15 | 1,310,875.15 | 3.53% |
Town of Milton | 6,585.54 | 6,981.00 | 7,455.05 | 474.05 | 6.79% |
Town of Janesville | 1,612,018.88 | 1,705,456.00 | 1,855,607.25 | 150,151.25 | 8.80% |
Town of La Prairie | 389,214.04 | 406,289.00 | 432,958.86 | 26,669.86 | 6.56% |
Town of Rock | 1,475,368.73 | 1,533,640.00 | 1,660245.69 | 126,605.69 | 8.26% |
PI 401 | 37,521,964.00 | 40,758,519.00 | 42,373,295.00 | 1,614,776.00 | 3.96% |
BUDGET ADOPTION FORMAT – REVENUES, FUND 10
General Fund (Fund 10) | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
Beginning Fund Balance (Account 930 000) | 23,019,134.26 | 23,052,923.14 | 23,433,527.80 |
Ending Fund Balance (Acct. 935 000) | 250,741.52 | (1,281,893.68) | 0.00 |
Ending Fund Balance (Acct. 936 000) | 0.00 | 239,277.87 | 0.00 |
Ending Fund Balance (Acct. 937 000) | 100,000.00 | 100,000.00 | 0.00 |
Ending Fund Balance (Acct. 938 000) | 1,144,747.19 | 2,641,309.36 | 0.00 |
Ending Fund Balance (Acct. 939 000) | 21,557,434.43 | 21,767,834.25 | 0.00 |
Total Ending Fund Balance (Acct. 930 000) | 23,052,923.14 | 23,466,527.80 | 23,466,527.80 |
Revenues & Other Financing Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
100 Transfers-in | 0.00 | 0.00 | 0.00 |
Local Sources 210 Taxes |
27,988,710.16 | 28,097,872.23 | 30,060,337.00 |
240 Payments fo r Services | 938,065.00 | 889,000.00 | 555,408.00 |
260 Non-Capital Sales | 39,503.85 | 34,682.34 | 0.00 |
270 School Activity Income | 181,780.11 | 140,766.06 | 780.00 |
280 Interest on Investments | 183,597.02 | 101,861.45 | 50,000.00 |
290 Other Revenue Local Sources | 897,611.07 | 565,337.45 | 256,070.00 |
Subtotal Local Sources | 30,229,278.21 | 29,829,519.53 | 30,922,595.00 |
Other School Districts WIthin Wisconsin | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
310 Transit of Aids | 9,005.19 | 10,824.45 | 0.00 |
340 Payments for Services | 4,346,165.19 | 4,573,322.00 | 4,605,091.00 |
380 Medical Service Reimbursements | 0.00 | 0.00 | 0.00 |
390 Other Inter-district Within Wi | 0.00 | 0.00 | 0.00 |
Subtotal Other School Districts WIthin Wisconsin | 4,355,170.38 | 4,584,146.45 | 4,605,091.00 |
Other School Districts Outside Wisconsin | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
440 Payments for Services | 378,793.31 | 209,090.71 | 0.00 |
490 Other Inter-District, Outside Wisconsin | 0.00 | 0.00 | 0.00 |
Subtotal Other School DistrictsOutside Wisconsin | 378,793.31 | 209,090.71 | 0.00 |
Intermediate Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
510 Transit of Aids | 28,714.00 | 21,172.96 | 5,600.00 |
530 Payments for Services from CCDEB | 0.00 | 0.00 | 0.00 |
540 Payments for Services from CESA | 0.00 | 0.00 | 0.00 |
580 Medical Services Reimbursement | 0.00 | 0.00 | 0.00 |
590 Other intermediate Sources | 71.10 | 42,672.91 | 0.00 |
Subtotal Intermediate Sources | 28,785.10 | 63,672.91 | 5,600.00 |
State Source | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
610 State Aid - Categorical | 499,686.18 | 597,441.56 | 521,683.00 |
620 State Aid - General | 65,755,588.00 | 65,221,202.00 | 65,414,721.00 |
630 DPI Special Project Grants | 708,078.28 | 253,249.37 | 178,593.00 |
640 Payments for Services | 141,728.00 | 261,454.00 | 200,000.00 |
650 Student Acievement Guarantee in Education (SAGE Grant) | 635,648.75 | 728,352.88 | 544,464.00 |
660 Other State Revenue Through Local Units | 743.09 | 0.00 | 0.00 |
690 Other Revenue | 7,420,876.04 | 7,615,090.05 | 7,262,720.00 |
Subtotal State Source | 75,162,348.34 | 74,676,789.86 | 74,122,181.00 |
Federal Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
710 Federal Aid - Categorical | 110,269.00 | 114,345.64 | 98,093.00 |
720 Impact Aid | 0.00 | 0.00 | 0.00 |
730 DPI Special Project Grant | 1,346,859.21 | 1,146,130.68 | 4,818,464.00 |
750 IASA Grants | 2,527,020.84 | 2,329,260.39 | 2,573,613.00 |
760 JTPA | 0.00 | 0.00 | 0.00 |
770 Other Federal Revenue Through Local Units | 0.00 | 0.00 | 0.00 |
780 Other Federal Revenue Through State | 759,580.48 | 764,727.25 | 606,000.00 |
790 Other Federal Revenue Direct | 0.00 | 0.00 | 0.00 |
Subtotal Federal Sources | 4,743,729.53 | 4,354,463.96 | 8,096,170.00 |
Other Financing Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
850 Reorganization Settlement | 0.00 | 0.00 | 0.00 |
860 Compensation, Fixed Assets | 25,500.00 | 27,000.00 | 0.00 |
870Long-Term Obligations | 798,819.00 | 0.00 | 0.00 |
Subtotal Other Financing Sources | 824,319.00 | 27,00.00 | 2,692,994.00 |
Other Revenues | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
960 Ajustments | 2,566,240.78 | 13,683.00 | 0.00 |
970 Refund of Disbursement | 468,797.75 | 319,530.68 | 175,248.00 |
990 Miscellaneous | 0.00 | 0.00 | 0.00 |
Subtotal Other Revenues | 46,805.80 | 80,076.43 | 65,000.00 |
Total Revenues & Other Finacing Sources | 118,804,268.20 | 114,158,146.49 | 120,684,879.00 |
BUDGET ADOPTON FORMAT – EXPENSES BY FUNCTION, FUND 10
Instruction | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
110 000 Undifferentiated Curriculum | 24,321,724.80 | 23,721,117.74 | 24,236,844.00 |
120 000 Regular Curriculum | 18,885,754.64 | 19,079,375.56 | 20,546,372.00 |
130 000 Vocational Curriculum | 3,651,598.79 | 3,740,677.55 | 3,563,588.00 |
140 000 Physical Curriculum | 3,241,036.05 | 3,335,150.69 | 3,175,137.00 |
160 000 Co-Curricular Activities | 1,431,478.86 | 1,256,607.16 | 770,669.00 |
170 000 Other Special Needs | 5,391,762.78 | 5,308,351.12 | 7,403,780.00 |
Subtotal Instructions | 56,923,355.92 | 56,441,279.82 | 59,896,390.00 |
Support Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
210 000 Pupil Services | 4,370,686.70 | 4,158,905.82 | 4,758,673.00 |
220 000 Instructional Staff Services | 7,729,571.34 | 7,034,834.56 | 8,413,473.00 |
230 000 General Administration | 1,020,811.49 | 1,102,006.55 | 1,141,838.00 |
240 000 School Building Administration | 5,893,877.73 | 6,056,200.50 | 6,136,835.00 |
250 000 Business Administration | 16,255,528.91 | 14,079,441.56 | 13,833,893.00 |
260 000 Central Services | 2,549,448.60 | 2,063,223.06 | 1,863,210.00 |
270 000 Insurance & Judgments | 1,069,520.74 | 1,075,915.70 | 1,017,500.00 |
280 000 Deb Services | 92,993.12 | 185,965.08 | 890,335.00 |
290 000 Other Support Services | 2,947,403.67 | 2,545,812.37 | 2,830,179.00 |
Subtotal Support Sources | 41,929,842.30 | 38,302,305.20 | 40,885,936.00 |
Non-Program Transactions | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
410 000 Inter-fund Transfers | 15,248,492.12 | 14,062,827.22 | 13,115,527.00 |
430 000 Instructional Service Payments | 4,620,905.48 | 4,756,685.62 | 6,602,026.00 |
490 000 Other Non-Program Transactions | 47,883.50 | 181,443.97 | 185,000.00 |
Subtotal Non-Program Transactions | 19,917,281.10 | 19,000,956.81 | 19,902,553.00 |
Total Expenditures & Other Financing Uses | 118,770,479.32 | 113,744,541.83 | 120,684,879.00 |
BUDGET ADOPTION FORMAT - SPECIAL PROJECTS FUND, FUND 21
Fund 21, Special Revenue Trust Fund is used to account for trust funds, such as student activity accounts, building and district level gifts and donations.
Special Project Funds (Fund 21, 23, 29) | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
900 000 Beginning Fund Balance | 321,100.10 | 381,885.06 | 691,831.31 |
900 000 Ending Fund Balance | 381,885.06 | 691,831.31 | 691,831.31 |
Revenues & Other Financing Sources | 499,058.91 | 799,610.48 | 0.00 |
100 000 Instruction | 356,649.92 | 414,040.68 | 0.00 |
200 000 Support Services | 81,038.21 | 73,465.55 | 0.00 |
400 000 Non-Program Transactions | 585.82 | 2,158.00 | 0.00 |
Total Expendtures & Other Financing Uses | 438,273.95 | 489,664.23 | 0.00 |
Special Education
BUDGET ADOPTION FORMAT – SPECIAL EDUCATION, FUND 27 REVENUES
SPECIAL EDUCATION FUND (FUND 27) | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
900 000 Beginning Fund Balance | 0.00 | 0.00 | 0.00 |
900 000 Ending Fund Balance | 0.00 | 0.00 | 0.00 |
Revenues & Other Financing Services | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
100 Transfers-in | 12,148,492.12 | 12,462,827.22 | 13,115,527.00 |
Local Sorces 240 Payments for Service |
0.00 | 0.00 | 0.00 |
260 Non-Capital Sales | 0.00 | 0.00 | 0.00 |
270 School Activity Income | 0.00 | 0.00 | 0.00 |
290 Other Revenue, Local Sources | 0.00 | 0.00 | 0.00 |
Subtotal Local Sorces | 0.00 | 0.00 | 0.00 |
Other School Districts Within Wisconsin | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
310 Transit of Aids | 200.00 | 0.00 | 0.00 |
340 Payments For Services | 0.00 | 0.00 | 0.00 |
380 Medical Service Reimbursements | 0.00 | 0.00 | 0.00 |
390 Other Inter-district, within Wi | 0.00 | 0.00 | 0.00 |
Subtotal Other School Districts Within Wisconsin | 200.00 | 0.00 | 0.00 |
Other School Districts Outside Wisconsin | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
440 Payments For Services | 0.00 | 0.00 | 0.00 |
440 Other Inter-district, within Wi | 0.00 | 0.00 | 0.00 |
Subtotal Other School Districts Outside Wisconsin | 0.00 | 0.00 | 0.00 |
Intermediate Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
510 Transit of Aids | 0.00 | 0.00 | 0.00 |
530 Payments for Services from CCDEB | 0.00 | 0.00 | 0.00 |
540 Payments for Services from CCDEB | 0.00 | 0.00 | 0.00 |
580 Medical Services Reimbursement | 0.00 | 0.00 | 0.00 |
590 Other Inter-district, within Wi | 0.00 | 0.00 | 0.00 |
Subtotal Intermediate Sources | 0.00 | 0.00 | 0.00 |
State Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
610 State Aid - Categorical | 3,931,332.00 | 4,210,307.00 | 5,156,333.00 |
620 State Aid - Categorical | 104,095.00 | 44,824.00 | 30,000.00 |
630 DPI Special Project Grants | 0.00 | 24,738.66 | 0.00 |
640 Payments for Services | 51,400.00 | 34,695.00 | 30,000.00 |
650 Achievement gap Reduction (ARG grant) | 0.00 | 0.00 | 0.00 |
690 Other Revenue | 28,000.00 | 56,000.00 | 50,000.00 |
Subtotal State Sources | 4,114,827.00 | 4,370,564.66 | 5,266,333.00 |
Federal Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
710 Federal Aid - Categorical | 27,827.00 | 0.00 | 0.00 |
730 DPI Special Project Grants | 2,317,373.93 | 2,461,158.07 | 2,133,671.00 |
750 IASA Grants | 0.00 | 0.00 | 0.00 |
760 JTPA | 0.00 | 0.00 | 0.00 |
770 Other Federal Revenue Through Local Units | 0.00 | 0.00 | 0.00 |
780 Other Federal Revenue Through State | 823,102.29 | 500,024.59 | 400,000.00 |
790 Other Federal Revenue Direct | 0.00 | 0.00 | 0.00 |
Subtotal Federal Sources | 3,168,303.22 | 2,961,182.66 | 2,533,671.00 |
Other Financing Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
960 Adjustments | 0.00 | 0.00 | 0.00 |
970 Refund of Disbursement | 0.00 | 0.00 | 0.00 |
990 Miscellaneous | 0.00 | 0.00 | 0.00 |
Subtotal Other Financing Sources | 0.00 | 0.00 | 0.00 |
Total Revenues & Other Financing Sources | 19,431,822,.34 | 19,794,674.54 | 20,915,531.00 |
BUDGETE ADOPTION FORMAT – SPECIAL EDUCATION, FUND 27 EXPENSES
Instruction | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
110 000 Undefferentiated Curriculum | 0.00 | 0.00 | 0.00 |
120 000 Regular Curriculum | 0.00 | 0.00 | 0.00 |
130 000 Vocational Curriculum | 0.00 | 0.00 | 0.00 |
140 000 Physical Curriculum | 0.00 | 0.00 | 0.00 |
150 000 Special Education Curriculum | 14,197,821.96 | 14,891,089.16 | 15,791,772.00 |
160 000 Co- Curricular Activities | 0.00 | 0.00 | 0.00 |
170 000 Other Special Needs | 147,729.92 | 157,309.01 | 152,504.00 |
Subtotal Instruction | 14,345,551.88 | 15,048,398.17 | 15,944,276.00 |
Support Sources | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
210 000 Pupil Services | 2,434,994,.08 | 2,455,285.92 | 2,540,381.00 |
220 000 Instructional Staff | 997,621.90 | 824,407.94 | 805,914.00 |
230 000 General Administration | 3,748.50 | 19,742.66 | 17,000.00 |
240 000 School Building Administration | 0.00 | 0.00 | 0.00 |
250 000 Business Administration | 14,197,821.96 | 14,891,089.16 | 15,791,772.00 |
260 000 Central Services | 24,949.83 | 6,853.03 | 5,000.00 |
270 000 Insurance & Judgements | 0.00 | 0.00 | 0.00 |
280 000 Debt Services | 0.00 | 0.00 | 0.00 |
290 000 Other Support Services | 0.00 | 0.00 | 0.00 |
Subtotal Support Sources | 4,890,241.34 | 4,377,586.69 | 4,861,204.00 |
Non-Program Transactions | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
410 000 Ubter-fund Transfers | 0.00 | 0.00 | 0.00 |
430 000 Instructional Service Payments | 196,029.12 | 368,689.68 | 110,051.00 |
490 000 Other Non-Program Transactions | 0.00 | 0.00 | 0.00 |
Subtotal Non-Program Transactions | 196,029.12 | 368,689.68 | 110,051.00 |
Total Expendtures & Other Financing Uses | 19,431,822.34 | 19,794,674.54 | 20,915,531.00 |
BUDGET ADOPTION FORMAT – FUNDS 38 & FUND 39, DEBT SERVICE
Debt Service Fund (Funds 38, 39) | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
900 000 Beginning Fund Balance | 992,595.41 | 1,356,007.70 | 1,399,094.46 |
900 000 Ending Fund Balance | 1,356,007.70 | 1,399,094.46 | 1,201,027.46 |
Total Revenues & Other Financing Sources | 10,095,626.05 | 22,876,096.63 | 12,479,906.00 |
281 000 Long-Term Capital Debt | 8,453,096.76 | 11,483,151.04 | 12,677,973.00 |
282 000 Refinancing | 0.00 | 10,070,338.83 | 0.00 |
283 000 Operational Debt | 0.00 | 0.00 | 0.00 |
285 000 Post Emplyment Benefit Debt | 0.00 | 0.00 | 0.00 |
289 000 Other Long-Term General Obligation Debt | 1,279,120.00 | 1,279,520.00 | 0.00 |
400 000 Non-Program Transactions | 0.00 | 0.00 | 0.00 |
Total Expenditures & Other Financing Uses | 9,732,213.76 | 22,833,009.87 | 12,677,973.00 |
842 000 Indebtedness, End of Year | 0.00 | 0.00 | 0.00 |
BUDGET ADOPTION FORMAT – FUND 46, CAPITAL PROJECT FUND
Capital Projects Fund (Funds 41,46,48,49) | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
900 000 Beginning Fund Balance | 7,119,221.76 | 4,584,252.19 | 6,285,452.35 |
900 000 Ending Fund Balance | 4,584,252.19 | 6,285,452.35 | 5,203,500.35 |
Total Revenues & Other Financing Sources | 3,181,353.47 | 1,701,571.97 | 105,000.00 |
100 000 Instructional Service | 0.00 | 0.00 | 0.00 |
200 000 Support Services | 5,716,323.04 | 0.00 | 1,186,952.00 |
300 000 Community Service | 0.00 | 0.00 | 0.00 |
400 000 Non-Program Transactions | 0.00 | 371.81 | 0.00 |
Total Expenditures & Other Financing Uses | 5,716,323.04 | 371.81 | 1,186,952.00 |
BUDGET ADOPTION FORMAT – FUND 50, FOOD SERVICE
Food Service Fund (Fund 50) | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
900 000 Beginning Fund Balance | 1,750,355.03 | 1,587,293.98 | 1,486,207.47 |
900 000 Ending Fund Balance | 1,587,293.98 | 1,486,207.47 | 1,114,168.47 |
Total Revenues & Other Financing Sources | 5,301,078.78 | 5,141,414.72 | 4,439,650.00 |
200 000 Support Services | 5,464,139.83 | 5,242,501.23 | 4,811,689.00 |
400 000 Non-Program Transactions | 0.00 | 0.00 | 0.00 |
Total Expenditures & Other Financing Uses | 5,464,139.83 | 5,242,501.23 | 4,811,689.00 |
BUDGET ADOPTION FORMAT – FUND 80, COMMUNITY SERVICE
Community Service Fund (Fund 80) | Audited 2018-19 |
Unaudited 2019-20 |
Budget 2020-21 |
---|---|---|---|
900 000 Beginning Fund Balance | 15,233.20 | 17,077.79 | 96,061.59 |
900 000 Ending Fund Balance | 17,077.79 | 96,061.59 | 96,061.59 |
Total Revenues & Other Financing Sources | 79,572.59 | 197,929.61 | 50,000.00 |
200 000 Support Services | 0.00 | 0.00 | 0.00 |
300 000 Community Service | 77,728.00 | 118,945.81 | 50,000.00 |
400 000 Non-Program Transactions | 0.00 | 0.00 | 0.00 |
Total Expenditures & Other Financing Uses | 77,728.00 | 118,945.81 | 50,000.00 |