MONROE - An early version of the Monroe school district's budget for next year shows little change from last year.
Ron Olson, the district's business administrator, presented the 2017-18 temporary operating budget at Monday's school board meeting where it was approved unanimously by the six attending board members. It's the first look at a budget that will continue to change over the summer as more information becomes available.
"I don't know what our third Friday enrollment is going to be; it's purely speculative," Olson said, referring to the number of students who will be attending Monroe next year, which affects the budget.
"I don't even know what the revenue limit formula is going to be or the per-pupil increases might be, because they haven't even approved the state budget. I don't know what our general aid is going to be. All those are factors which affect our levy, so I always say levies at this point in the year are ridiculous to talk about, but people like to hear it, so we talk about it."
The levy is how much property owners in the district will have to pay in school-related taxes.
Olson factored into the district's budget a $200 increase in per-pupil aid as proposed by Gov. Scott Walker, but whether that makes it in the final state budget remains to be seen.
General fund revenues for 2017-18 are projected to be about $29.41 million while costs are expected at $29.38 million, leaving a surplus of slightly more than $30,000. But according to Olson, a reduction in Title I funding will more than wipe out that surplus.
"We know these numbers will move over the summer ... but for the first pass-through for us to basically have a balanced budget, that's pretty good for us to be in this place," Olson said.
Last year's costs were budgeted at about $28.94 million - though Olson said they're coming in under budget - making the projections a 1.54 percent increase from last year. Revenues are also expected to be slightly higher than last year.
Olson projected a total levy of about $12.56 million for 2017-18, which is almost the same as the 2016-17 levy. Using last year's property valuations, the levy would translate into a tax bill of $1,175.52 for the owner of a $100,000 house, an increase of 2 percent, or 23 cents, from 2016-17.
The school board will vote on a final version of the budget in October.
Members Dan Bartholf, Mary Berger and Rich Deprez were absent Monday.
Ron Olson, the district's business administrator, presented the 2017-18 temporary operating budget at Monday's school board meeting where it was approved unanimously by the six attending board members. It's the first look at a budget that will continue to change over the summer as more information becomes available.
"I don't know what our third Friday enrollment is going to be; it's purely speculative," Olson said, referring to the number of students who will be attending Monroe next year, which affects the budget.
"I don't even know what the revenue limit formula is going to be or the per-pupil increases might be, because they haven't even approved the state budget. I don't know what our general aid is going to be. All those are factors which affect our levy, so I always say levies at this point in the year are ridiculous to talk about, but people like to hear it, so we talk about it."
The levy is how much property owners in the district will have to pay in school-related taxes.
Olson factored into the district's budget a $200 increase in per-pupil aid as proposed by Gov. Scott Walker, but whether that makes it in the final state budget remains to be seen.
General fund revenues for 2017-18 are projected to be about $29.41 million while costs are expected at $29.38 million, leaving a surplus of slightly more than $30,000. But according to Olson, a reduction in Title I funding will more than wipe out that surplus.
"We know these numbers will move over the summer ... but for the first pass-through for us to basically have a balanced budget, that's pretty good for us to be in this place," Olson said.
Last year's costs were budgeted at about $28.94 million - though Olson said they're coming in under budget - making the projections a 1.54 percent increase from last year. Revenues are also expected to be slightly higher than last year.
Olson projected a total levy of about $12.56 million for 2017-18, which is almost the same as the 2016-17 levy. Using last year's property valuations, the levy would translate into a tax bill of $1,175.52 for the owner of a $100,000 house, an increase of 2 percent, or 23 cents, from 2016-17.
The school board will vote on a final version of the budget in October.
Members Dan Bartholf, Mary Berger and Rich Deprez were absent Monday.