Budget Information
2023-2024 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 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 |
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:
- Strategic Framework listening sessions report
- Public Speaking input at Regular and Operating Work Group Board Meetings
- BEP Community Feedback and Board Ad Hoc Committee
- Climate Survey (Under Public Dashboards Tab)
- Building Excellence Feedback
- Focus group feedback on the budget from parents, teachers, support staff and principals
Budget Approval Process:
On April 24, the 2023-24 Draft Preliminary Budget Proposal for the Madison Metropolitan School District was 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 collected through the process to develop the new Strategic Framework and November 2020 referenda proposals.
The Board is scheduled to adopt the Fall Original Budget at the end of October. The 2023-24 fiscal year began on July 1, 2023.
The revenue forecast for 2023-24, includes the following budget assumptions pending a new 2023-25 state biennial budget: (1) state ‘per pupil’ categorical aid to school districts will have no per pupil increase; (2) a $0 per student revenue limit increase in revenue limit authority; and (3) $10 million of new 2020 operating referendum authority.