August 16, 2005 Letter Regarding Revised Final 2004-2005 Revenue Limit Calculation

Date: August 16, 2005

To: School District Administrators

From: David Carlson, Director
School Financial Services Team

Re: Revised Final 2004-2005 Revenue Limit Calculation
2005 Wisconsin Act 25
Mailings and Important Dates

Revised Final 2004-2005 Revenue Limit Calculation

Wisconsin Act 25 modified the carryover provision of the revenue limit calculation retroactive to the 2004-2005 revenue limit calculation. The specific statutes that have been modified are 121.91 (4)(d), 121.91 (4)(dg) and 121.91 (4)(dr) Wis. Stats. Districts that had under levied in the 2003-2004 school year were allowed to carry forward seventy five percent of their recurring revenue limit authority in the calculation of the 2004-2005 revenue limit calculation. Districts as a result of Act 25 are now allowed to carryover one hundred percent in the 2004-2005 revenue limit.

The School Financial Services team has recalculated all districts 2004-2005 final revenue limit reflecting the one hundred percent carryover provision. Enclosed is your district's revised final calculation. It is also posted under "Worksheets (DPI Printed)" on the left hand scan bar and under "Late Breaking Information." Although most districts will see no change from the earlier final calculation, a number of districts were affected by the state budget change.

Note that the Excel 2005-2006 blank revenue limit worksheet located under "Worksheets (Executable)" on the scan bar has been modified to reflect the change of 100% carryover.

2005 Wisconsin Act 25

The Policy and Budget Team has created a state budget summary of Act 25. This document references the revenue limit change discussed in the preceding section but also the other education related changes. It is located on the Policy and Budget team website and directly at dpi.wi.us/pb/05act25.html. Districts are encouraged to review this document.

Mailings and Important Dates

Date	Event
August 15	SAGE Supplement Payment
August 26	PI 1505 Census Report Due
August 26	PI 1505 AC Report Due
September 1	2005-2006 PI 1547 Transportation Report Opens For 2005 Summer School Data Entry
September 2	PI 1505 SE Annual Report Due
September 6	Mailing Tentative PI 1563 Pupil Count Report Information
September 9	PI 1506 AC Report Due
September 16	September Third Friday Pupil Count Date
September 19	September Equalization Aid Payment
September 22	2005-2006 Preliminary Aid Estimate From PI 1506 AC Data
October 3	Tentative Mailing 2005 Tax Apportionment Equalized Values
October 3	PI 1505 Annual Report Due
October 3	PI 1524 State Tuition Claims Due
October 3	PI 1563 Pupil Count Report Due
October 3	PI 1804/1805 Summer School Report Due
October 3	PI 1523 CESA Annual Report Due
October 14	PI 1541/1542 Special Transfer Reports Due
October 14	Tentative Mailing of October 15 Aid Certification and 2005-2006 Revenue Limit Calculation to Line 13

For any additional questions, contact one of the following School Financial Services Team staff.

Brad Adams bradley.adams@dpi.wi.gov (608) 267-3752
Karen Kucharz karen.kucharz@dpi.wi.gov (608) 267-9707
Jerry Landmark jerome.landmark@dpi.wi.gov (608) 266-3464

Enc: 2004-2005 District Final Revenue Limit Calculation w/Membership Worksheet

For questions about this information, contact dpifin@dpi.wi.gov (608) 267-9114

Last updated on 2/25/2008 12:03:45 PM