Wednesday, October 9, 2013

A Budget Update from the October 8, 2013 ~ Board of Education Meeting

Last evening, Chief Financial Officer Keith Pennington presented the “Initial Presentation of Fiscal 2013-2014 Estimated Fund 10 and Fund 27 Balanced Budget Draft”.

The Budget Draft was approved by the Board of Education (10/8/13) and will be published in the Janesville Gazette next week, distributed throughout the District and brought forward to the Public Hearing and Board Meeting on October 29, 2013.


FY 12/13*
FY 13/14
Local Sources
Inter-District Transfers
State Sources
Federal Sources
Other Sources
*Unaudited unofficial 12/13 totals


Percentages in Parenthesis represent the 2012-2013 School Year


Expense Reductions
District Health Insurance Costs
District pays 50% of the WRS contribution for all staff

The Wisconsin Retirement System (WRS) overall rate is forecast to increase from 13.3% to 14.0% in January, 2014.

Expense Increases
Board - Approved (Previously) Staffing Plan Increases
Contribution to the OPEB Plan
Board - Approved (Previously) Positions (8)
Addition to the Approved (Previously) Capital Improvement Budget
Addition to the Approved (Previously) IT Capital Budget
Restore Textbook Budget
Restore Additional Positions
Superintendent Recommended Employee Reward and Recognition Program
Improvement of Fund Balance Usage

As a result of the phenomenal work our high achieving staff has been doing I am pleased to recommend to the Board money set aside in the budget for a job well done for the 12-13, 13-14 school year.  I want it as a placeholder in the budget that will be approved in three weeks, so once we are free to move on this I will have money set aside to do so.  Thanks again to all of you who have made this such a high performing, incredible district.

The Budget is prepared on a conservative basis.  All calculations are based on the most current information (including estimates, projections and calculations) available.  There may be changes, recalculations and adjustments prior to the final Board approval on October 29, 2013.  

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