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Madison Metropolitan School District

Budget Information

2024-2025 MMSD Budget Development

How does it work?

Every year, we set out to develop a budget for our district that aligns with our Strategic Framework, meets the needs of students and staff, and is fiscally responsible in light of State mandated revenue restrictions. Our process is to:

  • Collect and analyze input from students, staff and families collected throughout the year
  • Work with schools and departments to determine budgeting goals and guiding principles 
  • Create a revenue forecast based on current law and projected enrollment
  • Develop and fund our equity investments in line with the Strategic Framework and input received throughout the year
  • Create a district-wide staffing plan using enrollment projections 
  • Develop a positive compensation strategy, including salaries/wages and benefits
  • Budget expected increases, such as utilities and transportation costs
  • Identify savings needed to balance budget gaps, focusing at the central office level first

Every year in May and June, the Board revisits this budget process to confirm directional decisions early in the process.  Revisiting budget assumptions throughout the year continues to be critically important.

MMSD 2023-24 Fall Budget Adoption

Fund 10 - General Fund Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Revenues & Other Sources:
Interfund Transfers -- 498,222 166,556 (331,667) -66.57%
Local Revenue Sources 326,812,059 328,909,369 344,101,945 15,192,576 4.62%
Interdistrict Revenues (OE, etc.) 4,109,702 3,833,325 4,038,192 204,867 5.34%
Intermediate Sources (CESA, etc.) 62,328 6 ,926 -- (6,926) -100.00%
State Sources 75,840,180 80,790,937 71,701,670 (9,089,267) -11.25%
Federal Sources 28,215,053 38,074,414 57,511,286 19,436,872 51.05%
Financing Sources 2 ,952 436,922 -- (436,922) -100.00%
Misc. Sources 2,261,793 642,539 719,932 77,393 12.04%

Total Revenues



 


437,304,067



 


453,192,655



 


478,239,581



 


25,046,926



 


5.53%



 

Expenditures:
Undifferentiated Curriculum (PK-6 Instruction) 63,673,852 64,889,275 75,609,776 10,720,501 16.52%
Regular Curric. (English, Math, Science, etc.) 81,765,227 82,843,593 93,637,649 10,794,056 13.03%
Vocational Curriculum 4,037,294 3,843,376 3,818,911 ( 24,465) -0.64%
Physical Curriculum (Health, Physical Ed) 8,075,637 7,973,373 8,626,673 653,300 8.19%
Co-Curricular Activities 3,222,178 3,081,507 2,969,778 (111,729) -3.63%
Other Special Needs 13,248,871 14,227,172 16,400,641 2,173,469 15.28%

Instruction Totals



 


174,023,058



 


176,858,296



 


201,063,428



 


24,205,132



 


13.69%



 

Pupil Services (Guidance, Soc Wrk, etc.) 19,074,016 21,589,310 25,717,948 4,128,638 19.12%
Instructional Services (Curriculum, Libraries) 30,011,572 30,716,645 37,181,198 6,464,553 21.05%
District Administration (District-wide) 4,590,779 5,658,267 5,654,482 (3,785) -0.07%
School Administration (Principals' Office) 21,265,563 21,294,001 23,747,502 2,453,501 11.52%
Business Admin. (Acctg, Transport, Facilities) 62,464,822 91,066,047 71,207,572 (19,858,475) -21.81%
Central Services (Telephone, Technology) 6,406,323 7,989,888 8,089,227 99,339 1.24%
District Insurance (Property, Liability) 2 ,055,305 2,369,191 3,313,413 944,222 39.85%
Debt Service (Interest Expense, Leases) 1,742,292 4,056,722 2,781,967 (1,274,755) -31.42%
Other Support Svcs (OPEB, District Wide-Tech) 18,379,056 19,700,696 18,119,291 (1,581,405) -8.03%

Support Totals



 


165,989,729



 


204,440,768



 


195,812,599



 


(8,628,168)



 


-4.22%



 

Operating Transfers to Other Funds 69,698,993 53,717,281 66,348,537 12,631,256 23.51%
Purchased Instructional Services (OE, Tuition) 20,688,387 24,823,736 27,185,887 2,362,151 9.52%
Other Payments (Non-Program Transactions) 249,149 40,696 200,000 159,304 391.45%

Non-Program Totals



 


90,636,529



 


78,581,713



 


93,734,424



 


15,152,711



 


19.28%



 

General Fund Totals 430,649,316 459,880,777 490,610,452 30,729,675 6.68%

 

Fund 21 - Special Revenue Trust Fund Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 3,897,205 3,815,142 -- ( 3,815,142) -100.00%
Total Expenditures 3,229,031 3,211,916 -- ( 3,211,916) -100.00%

 

Fund 27 - Special Education Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 83,904,610 86,444,559 96,519,825 10,075,266 11.66%
Total Expenditures 83,904,610 86,444,559 96,519,825 10,075,266 11.66%

 

Debt Service Fund 30
Referendum Debt
Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 29,354,632 23,914,285 26,943,092 3,028,807 -12.67%
Total Expenditures 29,176,465 21,352,150 28,530,413 7,178,263 33.62%

 

Debt Service Fund 38
Non-Referendum Debt
Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 12,707,894 2,511 -- (2,511) -100.00%
Total Expenditures 12,981,996 1,013,668 -- ( 1,013,668) -100.00%

 

Capital Expansion Fund 41 Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 5,004,782 5,032,898 5,000,000 ( 32,898) -0.65%
Total Expenditures 3,105,210 5,967,582 5,000,000 (967,582) -16.21%

 

Capital Expansion Fund 42 Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 106,024,154 108,057,330 -- (108,057,330) -100.00%
Total Expenditures 32,567,535 160,118,734 116,625,886 (43,492,848) -27.16%

 

Food Service Fund 50 Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 14,500,962 11,393,257 12,189,471 796,214 -6.99%
Total Expenditures 11,325,168 13,497,345 13,489,233 (8,112) -0.06%

 

Student Activity 60 Fund(s) Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 77,865 66,274 -- (66,274) -100.00%
Total Expenditures 26,530 96,366 -- (96,366) -100.00%

 

Trust Fund 70 Fund(s) Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 723 42,815 -- (42,815) -100.00%
Total Expenditures 20,350 25,320 -- (25,320) -100.00%

 

Community Service Fund 80 Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues
(Fees & Property Tax Levy)
16,309,623 19,139,242 19,492,288 4,353,046 22.74%
Total Expenditures 19,050,403 21,715,180 19,492,288 1,777,108 8.18%

 

ALL FUND SUMMARY Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
Total Revenues 709,086,516 711,100,967 642,384,257 (68,716,710) -9.66%
Total Expenditures 626,036,614 773,323,597 774,268,097 944,500 0.12%

 

PROPERTY TAX LEVY SUMMARY
Summary of Tax Levy for All Funds

Actual
2021-222
Actual
2022-23
Fall Budget
2023-24
$ Change % Change
General Fund 10 316,171,715 322,139,995 338,828,498 1 6,688,503 5.18%
Debt Service Fund 30 18,622,856 19,926,000 26,943,092 7,017,092 35.22%
Non Referendum Debt Svcs Fund 38 3,667,783 -- -- -- 0.00%
Capital Expansion Fund 41 5,000,000 5,000,000 5,000,000 -- 0.00%
Community Service Fund 80 13,440,741 15,470,204 20,900,419 5,430,215 35.10%

Total Levy



 


356,903,095



 


362,536,199



 


391,672,009



 


29,135,810



 


8.04%



 

Equalized Tax Base 31,318,432,826 36,362,105,132 39,987,660,925 3,625,555,793 9.97%
Equalized Tax Rate Per $1000 11.40 9.97 9.79 (0.18) -1.76%

How does the Draft Preliminary Budget reflect the District’s priorities?

It is more important than ever for us to work in partnership with the community. Through our district ways of working, we collect and analyze feedback from students, staff and family all year.  The data collected is analyzed by our qualitative research specialist and published on the research website. This information is then used by the Board of Education and the district’s Senior Leadership Team to develop the budget goals, parameters, and strategic equity projects.  The following are primary examples of community input utilized to create the budget:

Budget Approval Process: 

On May 13, the 2024-25 Draft Preliminary Budget Proposal for the Madison Metropolitan School District will be presented to the public for comments and feedback through the middle of June. Development of the proposal was guided by regular monthly direction provided by the Board, along with input from staff, parents, and the Madison community.   

The Board is scheduled to adopt the Fall Original Budget at the end of October. The 2024-25 fiscal year begins on July 1, 2024.

The revenue forecast for 2024-25, includes the following budget assumptions: (1) a $325 per student revenue limit increase in revenue limit authority and (2) state ‘per pupil’ categorical aid to school districts will have no per pupil increase.

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