October 3, 2023 at 7:30 AM - Budget Committee Meeting
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I. CALL TO ORDER
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II. ROLL CALL
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III. APPROVAL OF AGENDA
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IV. PUBLIC COMMENTS
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V. 2023-2024 BUDGET PLANNING
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V.A. Timeline
Description:
The purpose of this agenda item is to discuss the next steps in the 2023-2024 budget process. Attached please find the budget timeline. Please note that the Third Draft of the Budget will be presented at the Annual Meeting that is scheduled for Monday, October 16th. All of the information will be available at: https://www.waunakee.k12.wi.us/departments/business-services under the Annual Meeting Reports tab.
The 4th draft of the budget will be reviewed/approved by the school board at the Special Board Meeting on Monday, October 23rd.
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V.B. Review Third Friday in September Student Count
Description:
The purpose of this agenda item is to review the Third Friday in September count. The third draft of the budget included an estimate of 4,423, which can be compared to 4,406 which was the final count for this year. An increase in open enrollment out students results in the Waunakee resident student count being within one from last year. An increase in open enrollment in students results in additional revenues for the district. Overall, all of the student count information results in a financial impact of less than $25,000.
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V.C. Tax Levy Options
Description:
The purpose of this agenda item is to review tax levy options for the 4th draft of the budget. Attached please find a presentation that administration will review at the meeting. Administration is requesting a recommendation from the budget committee for development of the 4th draft of the budget.
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V.D. Wisconsin Act 20
Description:
The purpose of this agenda item is to review the financial impact of Wisconsin Act 20. Expenditures from this mandate will be funded through carryover funds from the elementary curriculum budget. Attached please find information put together by Amy Johnson, Director of Elementary Curriculum & Instruction. Amy will join us at the meeting to review the attachment with the committee.
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VI. 2024-25 BUDGET PLANNING
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VI.A. Annual Meeting Date
Description:
The purpose of this agenda item is to review future Annual Meeting dates. A district is not allowed to close on a cash flow borrowing loan until after the Annual Meeting date. This timing issue has caused significant cash flow issues during the month of October. Administration would request consideration of moving the Annual Meeting somewhere between mid-August and early September. We are requesting budget committee feedback on this topic.
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VI.B. PAC User Fees
Description:
The purpose of this agenda item is to review the PAC user fees. Attached please find an updated fee schedule and pricing comparisons to peer districts. The attachments were prepared by Rick Braun. These are draft documents and we are seeking committee feedback on this topic.
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VII. DISCUSSION/ACTION ON PROPOSALS
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VIII. OTHER ITEMS FOR DISCUSSION
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VIII.A. Natural Gas Purchasing
Description:
The purpose of this agenda item is to revisit the topic of natural gas purchasing. Attached please find historical pricing as well as future pricing chart. As you can see, future pricing predictions are significantly lower than the prices that we paid during the winter 22/23. As a result, we are recommending to continue on market based pricing instead of locking in a portion of our natural gas usage. We are looking for feedback from the committee on this topic.
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IX. FUTURE AGENDA ITEMS
Description:
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X. ADJOURN
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