1 of 16

Budget Hearing

September 15, 2025

2 of 16

Operating Funds (10 & 27)

projected

Reduced Expenditures by:

​

  • Cutting positions (FTE)

​

  • Holding vacancies

​

  • Restricting PD and travel

​

  • Delaying purchases- technology, curriculum, busing, maintenance projects, supplies

​

  • Improving grant accounting process

2024-25 ADOPTED Budget Deficit: $1.1MM

3 of 16

Fund Balance Trend

Why is a healthy fund balance important?

  • Sufficient cash flow to avoid short-term borrowing

​

  • Maintain stronger bond rating for lower borrowing rates

​

  • Provide a financial cushion for unexpected expenses

​

  • Allows for stability in programs if funding is interrupted

projected

4 of 16

Revenue Limit Funding Components

​

District Enrollment

​

​

3-year rolling average

of district membership based on student FTE counts

​

State Maximum

Revenue

Per Member

​

​

​

Rate set by the State of WI biennial budget

5 of 16

SD Revenue Limit Funding

Southern Door

is a

low aided district

projected

6 of 16

SD Funds and Tax Levy

Funds Outside Revenue Limit (separate tax levies)

Fund 39 –

referendum debt payments

Fund 80 –

community programs and services

Funds Within Revenue Limit (operating tax levy)

Fund 10 –

general operations

Fund 27 – special education programs & services

Fund 38 –

non-referendum debt payments

(energy efficiency)

Other Funds (no tax levy)

Fund 21 –

fundraising & donations

Fund 50 –

food service

7 of 16

SD Tax Levy Breakdown

$10,611,555

$11,904,416

$13,471,885

$16,180,540

$15,778,995

$15,895,374

projected

8 of 16

SD Mill Rate Trend

projected

Mill rate (6.97) / 1,000

​

X

​

Property value $300,000

​

​

Estimated Tax $2,090

Example property tax calculation

Rate per thousand of property

9 of 16

Property Values, State Aid & Tax Levy��How do these variables impact each other?

Equalized Property Valuations

General State Aid

​

Tax Levy

​

and

then

if

Equalized Property Valuations

General State Aid

​

Tax Levy

​

and

then

if

10 of 16

Equalized Property Value Trends

11 of 16

Debt Funds – Fund 38 and Fund 39

Fund 38

Non-referendum Debt

Fund 39

Referendum Debt

projected

12 of 16

Capital Projects Fund – Fund 49

2022 Referendum Project

Close-Out

13 of 16

Food Service Fund – Fund 50

projected

14 of 16

Community Service Fund – Fund 80

Southern Door School District runs several programs, and offers services and opportunities to our greater district community through our Fund 80 Community Service Fund.

​

  • Southern Door Community Auditorium
  • Local School and Community Resource Officer
  • Talon Fitness Center
  • Talon Turf Facility
  • Youth Recreational Athletic Teams
  • STEP Senior Citizen Engagement Program
  • Senior Citizen Outreach Events
  • CCLC Community After-School Care

projected

15 of 16

Proposed Tax Levy and Mil Rate

Funds 10 and 38

General and Non-Ref Debt

$12,304,847

Fund 39

Referendum Debt

$3,250,350

Fund 80

Community Service

$340,177

TOTAL PROPOSED LEVY

$15,895,374

Proposed Mill Rate

6.97

Prior Year Mill Rate

7.53

16 of 16

2025-26 Budget Timeline

October 1: Certified Equalized Property Values

October 15: Equalization Aid Certification

October 20: Board Adopts Budget

November 3: Last Day to Certify Tax Levy