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School budget is reviewed
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A snapshot of the Antigo school district’s 2014-15 budget, as approved by the board of education Tuesday.

Balance Sheet

Balanced budget: Revenues plus board-approved use of $400,000 fund balance for maintenance, will cover expenditures resulting in a balanced budget.

General fund balance: Anticipated ending balance of $5.3 million.

Enrollment

Enrollment/revenue limit formula: Decrease of 49 (1.9 percent) in three year rolling average of resident enrollment.

Enrollment — projected head count: Estimated decrease of 70 in projected head count attending the district.

Open enrollment: Estimating 47 open-enrolled students in and 120 out, for a net loss of 73 students.

Revenues

State general aid: Expected to decrease from $14.76 million to $14.61 million.

Revenue limit: Increase $75 per student with declining enrollment — total increase of $206,524.

State categorical aid: Additional categorical aid of $75 per pupil for 2014-15 — $191,000.

Property tax levy: Increasing 4 percent over current year.

Expenditures

Staffing level: Total staffing, 304, an increase of 2.7 full-time equivalent employees.

Wages and salary — initial allowances: General allowance of 1.45 percent.

Health insurance and WRS: Decrease of 3 percent in health insurance. Decrease in January 2015, by .2 percent — WRS.

Key Financial Statistics

General fund expenditures including grants and use of fund balance: Increase 3.0 percent over actual 2013-14 budget.

Equalized valuation: Estimated no increase — awaiting final valuations in October, 2014.

Tax impact for median home: Estimated increase of $33 tax bill on a $100,000 home.
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Antigo school district Director of Business Services Mary Jo Filbrandt reviews the 2014-15 spending plan at Tuesday’s budget hearing.
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ANTIGO DAILY
JOURNAL
612 Superior Street
Antigo, WI 54409
Phone: 715-623-4191
Fax: 715-623-4193
Mail to: Fred Berner
MapOnUs Location: (local)

WEEKLY
JOURNAL
EXPRESS
612 Superior Street,
Antigo, WI 54409
Phone: 715-623-4191
Fax: 715-623-4193
Mail to: Fred Berner
MapOnUs Location: (local)

*Member WNA & NNA

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