School budget is reviewed|
|A snapshot of the Antigo school district’s 2014-15 budget, as approved by the board of education Tuesday.|
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/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.
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.
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.
Antigo school district Director of Business Services Mary Jo Filbrandt reviews the 2014-15 spending plan at Tuesday’s budget hearing.