August 29, 2022 at 7:30 AM - Budget Committee Meeting

Description:  The purpose of this agenda item is to discuss the completion of the audit process for the 2021-22 school year. Attached please find the treasurer's report, fund balance accounting, fund balance report. and the board policy on the 2014 operational referendum funds. The district's financial position has improved as of June 30, 2022 as we did accomplish the objective of adding over $1M to the fund 10 fund balance. 

Administration will be seeking feedback from the committee on three topics:
1. Allocation of fund balance towards capital maintenance projects
2. Building/department end of the year balances
3. Allocation of fund balance towards branding efforts

 

Description:  The November 2022 referendum process will include both a capital referendum question and an operational referendum question. Administration has requested an updated financial plan based on the school board approved resolutions. We would like to discuss the topic of tax rate consistency across time. Our current position on the topic of the tax rate and the November 2022 referendum is the following: "The school board has a goal of maintaining the current tax rate of $10.89 across fiscal years. The November 2022 referendum questions maintain a tax rate of $10.89 for the 2022-23 school year." 

We may want to consider a different statement like the following: "The school board has a goal of maintaining or decreasing the current tax rate of $10.89 across fiscal years. The November 2022 referendum questions maintain a tax rate of $10.89 for the 2022-23 school year, assuming a 5% increase in property values. Property value increases above 5% will result in a reduction of the tax rate."

We have attached an estimated property value increase for our district.
We look forward to your feedback on this topic. 

Description:  The purpose of this agenda item is to begin the budget planning process for 2023-2024. The topic of long term budget planning has been a focus of the school board, including a discussion at the school board retreat. Attached please find data on the Waunakee teaching staff. We are looking for your feedback on integrating this type of data into the budget planning process. We are also interested in board member feedback regarding how many types of positions you would like to see this data for. 

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