January 4, 2021 at 5:30 PM - Budget Committee

Description:  The purpose of this agenda item is to review the 2020-21 Budget. The HR Committee met on Monday, December 21st to make a recommendation on 2020-21 pay increases. This recommendation will move forward to the Board Meeting on Monday, January 11th. The Facility Committee met on Monday, December 21st to make a recommendation on additional Capital Maintenance projects. The following five documents are attached:

1. Summary of November 2020 Referendum Funds, including the Facility Committee recommendation on additional plumbing enhancements.
2. Revenue Replacement which identifies funds that can be reallocated within the 2020-21 budget towards salary and benefits increases.
3. Salary and Benefit budget estimate from April 2020.
4. Salary and Benefit budget estimate reviewed with HR Committee on December 21st.
5. Salary and Benefit recommendation from the HR Committee to the School Board on January 11th.

The most important thing to keep in mind at this point is that the reallocation of funds within the 2020-21 budget to salary and benefit increases will have to be replaced during the 2021-22 budget process, or over several years. Administration will review this point specifically at the meeting. The salary increases that are provided are permanent, while the budgets being used to fund them will have to return to normal. The original salary and benefit budget estimate from April 2020 includes $918,323.55. The budget adjustments in October of 2020 removed approximately $420,000 in resources from the 2020-21 budget, leaving approximately $500,000 remaining for salary and benefit increases. The revenue replacement document identifies approximately $842,798 in the 2020-21 budget that can be reallocated towards pay increases. The HR Committee recommendation will require $667,559.08 in resources from the revenue replacement document. Of those resources, $147,000 from special ed paras should be considered a permanent reallocation while approximately $520,000 will need to be reallocated back to their original budgets for the 2021-22 school year. Administration will review this concept at the meeting.

If you have any questions please contact Steve Summers at stevesummers@waunakee.k12.wi.us.

Description:  The purpose of this agenda item is to review a draft of the budget timeline for the 2021-22 school year and the Wisconsin DPI School Funding Proposal. Attached please find a draft timeline and the Wisconsin DPI Proposal for school funding in the 2021-23 State Budget process. Administration is seeking feedback on the engagement opportunities surrounding the development of the 2021-22 budget.

If you have any questions please contact Steve Summers at stevesummers@waunakee.k12.wi.us.

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