20 days old

Notice Of Budget Hearing

School District Of Phillips
Phillips, WI 54555
  • Job Type
    Employee
  • Job Status
    Full Time
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Notice is hereby given to the qualified electors of the School District of Phillips that the budget hearing will be held at the Phillips High School Auditorium on the 5th day of October, 2020 at 6:00 p.m. The summary of the budget is printed below. Detailed copies of the budget are available for inspection in the District’s office at Phillps Middle School. Dated this 18th day of September, 2019.

Tracie Burkart, District Clerk

(Signed)

GENERAL FUND 2018-19 2019-20 2020-21 Beginning Fund Balance 3,206,499.75 2,890,253.00 3,059,679.53 Ending Fund Balance 2,890,253.00 3,059,679.53 2,782,034.44 REVENUES & OTHER FINANCING SOURCES Transfers-In (Source 100) 0.00 0.00 0.00 Local Sources (Source 200) 4,035,899.16 4,130,314.89 4,190,483.00 Inter-district Payments (Source 300 + 400) 263,815.00 367,059.00 386,612.00 Intermediate Sources (Source 500) 3,027.71 2,097.54 4,563.00 State Sources (Source 600) 4,250,096.42 4,522,183.89 4,570,886.00 Federal Sources (Source 700) 368,344.01 359,826.39 645,194.86 All Other Sources (Source 800 + 900) 32,683.47 87,718.50 156,911.00 TOTAL REVENUES & OTHER FINANCING SOURCES 8,953,865.77 9,469,200.21 9,954,649.86 EXPENDITURES & OTHER FINANCING USES Instruction (Function 100 000) 4,200,722.17 4,334,390.47 4,594,454.60 Support Services (Function 200 000) 3,690,794.51 3,653,836.69 4,208,288.35 Non-Program Transactions (Function 400 000) 1,378,595.84 1,311,546.52 1,429,552.00 TOTAL EXPENDITURES & OTHER FINANCING USES 9,270,112.52 9,299,773.68 10,232,294.95 SPECIAL PROJECTS FUND 2018-19 2019-20 2020-21 Beginning Fund Balance 80,927.20 128,163.46 50,392.71 Ending Fund Balance 128,163.46 50,392.71 55,057.71 REVENUES & OTHER FINANCING SOURCES 1,496,541.66 1,339,569.65 1,420,942.07 EXPENDITURES & OTHER FINANCING USES 1,449,305.40 1,417,340.40 1,416,277.07 DEBT SERVICE FUND 2018-19 2019-20 2020-21 Beginning Fund Balance 38,403.21 36,903.21 35,328.21 Ending Fund Balance 36,903.21 35,328.21 139,728.21 REVENUES & OTHER FINANCING SOURCES 296,966.35 298,891.35 849,203.02 EXPENDITURES & OTHER FINANCING USES 298,466.35 300,466.35 744,803.02 CAPITAL PROJECTS FUND 2018-19 2019-20 2020-21 Beginning Fund Balance 78,411.99 60,668.78 9,812,544.73 Ending Fund Balance 60,668.78 9,812,544.73 7,613,952.73 REVENUES & OTHER FINANCING SOURCES 25,000.00 9,860,537.55 0.00 EXPENDITURES & OTHER FINANCING USES 42,743.21 108,661.60 2,198,592.00 FOOD SERVICE FUND 2018-19 2019-20 2020-21 Beginning Fund Balance 95,870.52 106,798.88 104,488.80 Ending Fund Balance 106,798.88 104,488.80 128,303.80 REVENUES & OTHER FINANCING SOURCES 417,036.78 463,432.05 449,200.00 EXPENDITURES & OTHER FINANCING USES 406,108.42 465,742.13 425,385.00 COMMUNITY SERVICE FUND 2018-19 2019-20 2020-21 Beginning Fund Balance 322,631.72 332,277.40 345,439.07 Ending Fund Balance 332,277.40 345,439.07 285,699.07 REVENUES & OTHER FINANCING SOURCES 372,112.54 343,267.58 341,800.00 EXPENDITURES & OTHER FINANCING USES 362,466.86 330,105.91 401,540.00 PACKAGE & COOPERATIVE PROGRAM FUND 2018-19 2019-20 2020-21 Beginning Fund Balance 0.00 0.00 0.00 Ending Fund Balance 0.00 0.00 0.00 REVENUES & OTHER FINANCING SOURCES 0.00 0.00 0.00 EXPENDITURES & OTHER FINANCING USES 0.00 0.00 0.00

Total Expenditures and Other Financing Uses

ALL FUNDS 2018-19 2019-20 2020-21 GROSS TOTAL EXPENDITURES - ALL FUNDS 11,829,202.76 11,922,090.07 15,418,892.04 Interfund Transfers (Source 100) - ALL FUNDS 877,959.29 0.00 0.00 Refinancing Expenditures (FUND 30) 0.00 0.00 0.00 NET TOTAL EXPENDITURES - ALL FUNDS 10,951,243.47 11,922,090.07 15,418,892.04 PERCENTAGE INCREASE – NET TOTAL FUND EXPENDITURES FROM PRIOR YEAR 8.87% 29.33%

PROPOSED PROPERTY TAX LEVY

FUND 2018-19 2019-20 2020-21 General Fund 3,943,802.00 4,013,936.65 4,120,723.00 Referendum Debt Service Fund 0.00 0.00 0.00 Non-Referendum Debt Service Fund 296,966.00 298,891.35 849,203.02 Capital Expansion Fund 0.00 0.00 0.00 Community Service Fund 311,500.00 311,500.00 311,500.00 TOTAL SCHOOL LEVY 4,552,268.00 4,624,328.00 5,281,426.02 PERCENTAGE INCREASE - TOTAL LEVY FROM PRIOR YEAR #VALUE! 1.58% 14.21%

ENERGY EFFICIENCY EXEMPTION § 121.91 (4) (o) Revenue Limit Exemption for Energy Efficiencies-Evaluation of the Energy Performance Indicators

Name of Qualified Contractor

Specific Energy Efficiency Measure or Products

Increased Roof insulation, Lighting Improvements, Boiler, Burner Replacement, Replacement of Automated building controls

Ameresco

Performance Contract Length (years) 15

Total Project Cost (including financing) 2,084,959.00

Total Project Payback Period 14

Years of Debt Payments 15

Remaining Useful Life of the Facility 39 Prior Year Resolution Expense Amount Fiscal Year 2019-20 138450 Prior Year Related Expense Amount or CY debt levy Fiscal Year 2019-20 0 Utility Savings applied in Prior Year to Debt Fiscal Year 2019-20 24232 Sum of reported Utility Savings to be applied to Debt $24,232

Project Cost Including Financing

Savings Reported for 2019-20

Utility Cost Savings

Non-Utility Cost Savings

$2,084,959 $24,232 $129,231

Entire Energy Efficiency Project Totals $2,084,959 $24,232 $129,231


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Posted: 2020-10-01 Expires: 2020-10-31

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Notice Of Budget Hearing

School District Of Phillips
Phillips, WI 54555

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