Revenue Limit and the Budget Cycle Cody Loew

Revenue Limit and the Budget Cycle Cody Loew Julie A. Kelly, SFO DPI SFS Assistant Director Chris Babal Assistant Superintendent for Business, Operations and Human Resources DPI Finance Consultant Muskego-Norway Schools 2020 WASBO Winter at a Glance Virtual Conference 2 December 2020

Presentation Overview ❖ Prepare for Budget Cycle kicking off in January/February 2021 ❖ Understand how to use FY 21 Revenue Limit Worksheet for budget planning ➢ Review key sections/data ❖ Overview of additional DPI resources on website Revenue Limit Spreadsheets, longitudinal data, etc. ❖ Tips, Information, Guidance from Peer School Business Officer ❖ Open for Questions throughout the Presentation!!!!

Let’s Jump to the Revenue Limit Worksheets Link to Revenue Limit Worksheets (for FY 21 and FY 22): https: //dpi. wi. gov/sfs/limits/worksheets/revenue • Find both the FY 21 Revenue Limit Worksheet AND the FY 22 Blank Executable Worksheet

Using FY 21 to help plan for FY 22 ❖ Lines 12 and 14 Connection to FY 22 Base Revenue ❖ Over/Under Levy Impacts ❖ Recurring vs Non-Recurring Exemptions i. e. referendums, energy efficiency, vouchers, etc. ❖ Membership Trends…Impacts of Summer/Fall 2020

Continued Using FY 21 to help plan for FY 22 Membership Trends and Projections ❖ Pandemic impact on 2020 ❖ FY 21 Declining Enrollment Exemptions (Nonrecurring) ❖ Projecting for 2021. . . case by case basis

Key “Assumptions” for FY 22 Consider Different Assumptions for FY 22 (Line 4) ❖ 2021 -22 Per Membership Change ❖ 2021 -22 Low Revenue Ceiling ❖ Model Different Scenarios for Planning

General Aid Projections? General Aid (Equalization Aid) is a key component BUT that will be covered in greater detail in Spring. . . too early in the budget cycle.

Additional DPI Resources Revenue Limit Longitudinal Worksheet: https: //dpi. wi. gov/sfs/statistical/longitudinaldata/revenue-limit • Key for Membership, Base Revenue, Exemptions • Provides context/historical perspective

Questions? Thank you! Cody Loew - cody. loew@dpi. wi. gov or 608 -266 -2582 Chris Babal - christopher. babal@dpi. wi. gov or 608 -224 -5388