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The School District of Wabeno The School District of Wabeno AreaArea

Two Cents EventTwo Cents Event

March 2014March 2014

Information to Share Information to Share TonightTonight

Discuss the sequence of events that have led Discuss the sequence of events that have led us up to this point in timeus up to this point in time Impact of Revenue Limits and Declining Impact of Revenue Limits and Declining

EnrollmentEnrollment We have delayed the need for referendum as long We have delayed the need for referendum as long

as possibleas possible First referendum attemptFirst referendum attempt

Review Forecast of School Budget Review Forecast of School Budget With Referendum With Referendum With No ReferendumWith No Referendum

Discuss what my happen in the future if the Discuss what my happen in the future if the referendum doesn’t passreferendum doesn’t pass

Revenue Limits Revenue Limits and Declining Enrollmentand Declining Enrollment

How school budgets were determined How school budgets were determined before revenue limitsbefore revenue limits

Long-term affects of state mandated Long-term affects of state mandated revenue caps and declining enrollmentrevenue caps and declining enrollment

Districts Around Us Who Districts Around Us Who Have Passed Operating Have Passed Operating

Referendums:Referendums: Laona 2010-2016 Laona 2010-2016

Phelps 2000-2015Phelps 2000-2015

Rhinelander 2010-2016Rhinelander 2010-2016

Three Lakes 2004-2018Three Lakes 2004-2018

White Lake 2001-2014White Lake 2001-2014

Nrthlnd Pines 2002-Nrthlnd Pines 2002-20162016

Bonduel 2007-2019Bonduel 2007-2019

Bowler 2006-2012Bowler 2006-2012

Florence 2005-2015Florence 2005-2015

Elcho 2009-2017Elcho 2009-2017

Lena 2006-2015Lena 2006-2015

Wausakee 2008-2018Wausakee 2008-2018

We Have Operated Longer We Have Operated Longer Than Other Districts Without Than Other Districts Without An Operating Referendum An Operating Referendum

Because:Because: We have made cuts/reductions in many We have made cuts/reductions in many

places over the past several yearsplaces over the past several years

Since revenue limits were put in place, we Since revenue limits were put in place, we have levied to the limit and spent wiselyhave levied to the limit and spent wisely

Over the years, we were able to put some Over the years, we were able to put some money into our fund balancemoney into our fund balance

Current Snapshot of Our Current Snapshot of Our District’s BudgetDistrict’s Budget

We have operated with a deficit We have operated with a deficit budget since 2009-2010budget since 2009-2010

We have used money from our fund We have used money from our fund balance to offset the budget deficitbalance to offset the budget deficit

We are reaching the point where we We are reaching the point where we cannot rely on fund balancecannot rely on fund balance

We need to maintain a fund balance We need to maintain a fund balance to avoid short term borrowingto avoid short term borrowing

Referendum 2013Referendum 2013 The referendum we had on the ballot in 2013 was for significantly more The referendum we had on the ballot in 2013 was for significantly more

dollars. dollars.

The 2013 referendum was defeated by 35 votes. The 2013 referendum was defeated by 35 votes. 521-YES 521-YES 556-NO556-NO

Many people said that they did not support the 2013 referendum Many people said that they did not support the 2013 referendum because our fund balance was too large. (Too much money in the bank)because our fund balance was too large. (Too much money in the bank)

Then, if we have to go to the taxpayers for an operating referendum for Then, if we have to go to the taxpayers for an operating referendum for the 2013-2014 school year, there should be little, if any, increase in the the 2013-2014 school year, there should be little, if any, increase in the mil rate. mil rate.

Referendum 2014Referendum 2014 We are asking for significantly less We are asking for significantly less

money.money.

We would continue to use our fund We would continue to use our fund balance in addition to referendum balance in addition to referendum dollars.dollars.

Budget Forecast With ReferendumBudget Forecast With Referendum

Budget Forecast Without Budget Forecast Without ReferendumReferendum

What Happens if the What Happens if the Referendum Does Not Pass?Referendum Does Not Pass? Try again one more time in April Try again one more time in April

20152015 Make decisions in January/February Make decisions in January/February

2015 about budget cuts for the 2015-2015 about budget cuts for the 2015-16 school year. These cuts would 16 school year. These cuts would have to equal approximately $1.6 have to equal approximately $1.6 millionmillion

Other possibilitiesOther possibilities

THANK YOU FOR ATTENDING THANK YOU FOR ATTENDING TONIGHT TONIGHT