Medford Area Public School District Regular Board of Education Meeting Medford Area Public School District Office January 26, 2017 6:00 p.m. Agenda

Roll Call Pledge of Allegiance Open Meeting Law Compliance Public Hearing on 2017‐18 Budget Period of Public Comment Correspondence

Mission: Vision:

To ensure that all students learn. We expect all students to learn at high levels. We will work collaboratively with colleagues, students and parents to challenge and support all individuals to achieve success.

The order of the regular business is left to the discretion of the president.

1. Recognitions a. Student Council Update b. Good News c. Legislative Update Consent Agenda Consideration of: 1. Approval of Agenda 2. Secretary’s Report a. Approval of the Regular Board of Education Meeting Minutes from December 20, 2016 (open and closed) 3. Treasurer’s Report a. Voucher Checks b. Treasurer’s Report 4. Approval of Personnel Report a. Resignations b. Recommendations for Employment c. Staffing Regular Business 1. Update on Referendum Projects a. MAMS Campus – Pick Up / Drop Off Plans b. MASH Athletic Fields c. Swimming Pool & Locker Rooms 2. Consideration of Board Policy Adoption and Deletion: a. For Second Reading Adoption: DIF Fixed Asset Management; RVA-IGHB Physical Education Equivalent Courses; RVA-IKE Promotion Criteria PreK-12; RVA-IKF Graduation Requirements; RVA-IKFA Early Graduation Requirements; RVA-IKFB Commencement Exercises; RVA-IL Testing Program; RVA-JECBB Transfer/HomeBased Students; RVA-JI Student Awards and Scholarships; RVA-JIA Wisconsin Academic Excellence Higher Education Scholarship Program; and RVA-JIB Wisconsin Technical Excellence Scholarship Program b. For First Reading: DBB Fiscal Year; DCA Short Term Borrowing; DFA Revenues from Investments; DFE Gate Receipts and Admissions; GCDA Crime Information Records Check & Form; and RVA-IIB School and Class Size c. Discussion / Consideration / Review: Professional Staff Handbook - 6.10 Retirement Benefits & Recognition; Support Staff Handbook - 6.10 Retirement Benefits & Recognition; Specific District Staff Handbook - 6.10

Retirement Benefits & Recognition; Support Staff Handbook – 7.3 Vacation Time; and Specific District Staff Handbook – 7.3 Vacation Time 3. Consideration of 2017-18 Budget d. Budget Parameters e. Prioritizing Areas / Timelines f. Budget Booklet g. Budget Guidelines 4. Clerk’s Report on Candidates for 2017 Spring Election a. Certification of Candidates b. Determination of Need for a Primary Election c. Determination of the Order of Names on the Ballot 5. Update Regarding the WASB Convention 6. Consideration of 2015-16 Audit 7. Presentation of the Curriculum Connection – Mini Slate Conference 8. Update on the Strategic Planning Process 9. Consideration of Skeet Shooting Club Contemplate Adjourning to Closed Session Under Wisconsin Statutes to discuss: 1. Consideration of Purchase of Property [19.85(1)(e)] 2. Consideration of Employment, Promotion and Performance Evaluation of Employee [19.85(1)(c)] Reconvene Into Open Session The Board will reconvene into open session at approximately 8:00 p.m. (if necessary) to take action on selected matters. Adjourn Copies of this agenda were sent to the Star News, WKEB/WIGM Radio, Medford Area Public Schools and posted at the District Office on Thursday, January 12, 2017.

Medford Area Public School District Regular Board of Education Meeting Medford Area Public School District Office January 26, 2017

Agenda Newsletter

Roll Call The Board President will request the Clerk to call the roll.

Pledge of Allegiance Open Meeting Law Compliance “This meeting has been posted in accordance with the state open meeting law.”

Public Hearing on 2017‐18 Budget

A public hearing for citizens to provide input to the Board of Education regarding programs and/or budget items to be included and/or excluded from the 2017-18 budget

Period of Public Comment

“The Period of Public Comment is a time when you are able to address the board for up to five minutes on any topic. Unless you have made prior arrangements to be on the agenda, this is your only time to speak. Are there any persons in the audience wishing to speak to the Board? The order of the regular business is left to the discretion of the president.

Correspondence 1

Recognitions a. Student Council Update b. Good News c. Legislative Update

Consent Agenda Consideration of: 1. Approval of Agenda

2. Approval of Secretary’s Report a. Approval of the Regular Board of Education Meeting Minutes from December 20, 2016 (open and closed) 3. Approval of Treasurer’s Report – See enclosed reports 4. Approval of Personnel Report – See enclosed report

Regular Business 1. Update on Referendum Projects a. MAMS Campus – Pick Up / Drop Off Plans b. MASH Athletic Fields c. Swimming Pool & Locker Rooms Representatives from HSR and Huotari Construction will be present to update the board on referendum projects / budget estimates, etc. 2. Consideration of Board Policy Adoption and Deletion: Paul Dixon will present: a. For Second Reading Adoption: DIF Fixed Asset Management; RVA-IGHB Physical Education Equivalent Courses; RVA-IKE Promotion Criteria PreK-12; RVA-IKF Graduation Requirements; RVA-IKFA Early Graduation Requirements; RVA-IKFB Commencement Exercises; RVA-IL Testing Program; RVA-JECBB Transfer/HomeBased Students; RVA-JI Student Awards and Scholarships; RVA-JIA Wisconsin Academic Excellence Higher Education Scholarship Program; and RVA-JIB Wisconsin Technical Excellence Scholarship Program b. For First Reading: DBB Fiscal Year; DCA Short Term Borrowing; DFA Revenues from Investments; DFE Gate Receipts and Admissions; GCDA Crime Information Records Check & Form; and RVA-IIB School and Class Size c. Discussion / Consideration / Review: Professional Staff Handbook - 6.10 Retirement Benefits & Recognition; Support Staff Handbook - 6.10 Retirement Benefits & Recognition; Specific District Staff Handbook - 6.10 Retirement Benefits & Recognition; Support Staff Handbook – 7.3 Vacation Time; and Specific District Staff Handbook – 7.3 Vacation Time 3. Consideration of 2017-18 Budget and/or Budget Cuts a. Prioritizing Areas/Timelines b. Budget Booklet c. Budget Guidelines Jeff Albers and Pat Sullivan will review the format of the 2017-18 budget book. 4. Clerk’s Report on Candidates for 2017 Spring Election a. Certification of Candidates b. Determination of Need for a Primary Election c. Determination of the Order of Names on the Ballot Cheryl Wibben will review the enclosed Clerk’s Report for the 2017 Spring Election. 5. Update Regarding the WASB Convention Board members that attended the WASB Convention will share their experiences. 6. Consideration of 2015-16 Audit Jeff Albers will review the 2015-16 audit with the board. 7. Presentation of the Curriculum Connection – Mini Slate Conference Laura Lundy will present the Curriculum Connection regarding the Mini Slate Conference which was held on January 20, 2017. 8. Update on the Strategic Planning Process The board will be updated regarding the Strategic Planning meetings and process.

9. Consideration of Skeet Shooting Club Andy Guden and a representative from the Chelsea Conservation Club will present information regarding a Skeet Shooting Club.

Contemplate Adjourning to Closed Session The President will announce: “At this time, I will entertain a motion to adjourn to closed session to discuss: Under Wisconsin Statutes to discuss: 1. Consideration of Purchase of Property [19.85(1)(e)] The board will be updated regarding specific property. 2. Consideration of Employment, Promotion and Performance Evaluation of Employee(s) [19.85(1)(c)] The board will review evaluation of specific employee(s).

Reconvene Into Open Session The Board will reconvene into open session (if necessary) at approximately 8:00 p.m. to take action on selected matters discussed in closed session.

Adjourn

Medford Area Public School District Regular Board of Education Meeting Medford Area Public School District Office January 26, 2017

Miscellaneous Memo If you have any questions regarding items mentioned in this memo, please contact the Board President or District Administrator at least 24 hours before the board meeting.

Letters to Municipal Clerks

Enclosed is a letter which was sent to our municipal clerks to inform them of the need (or lack of) for an upcoming spring primary election. This letter is in accordance with the law.

Open Enrollment Information Enclosed is a copy of the Open Enrollment Brochure that the Department of Public Instruction puts together for parents considering applying for their son or daughter to participate in Public School Open Enrollment. The dates and timelines are on the back of the pamphlet.

AnnMarie Foundation The AnnMarie Foundation has awarded grant monies to fund some important projects and/or materials throughout the school year. The following is a list of the grants Medford School District received in 2016: February

Scott Geisler Sara Faude Kimberly Schaetzl Dawn Brandner-Heier Karen Dahlvig

MAMS MAES MASH MAES MASH

Airtech Wind Tunnel iPod Tough Cookware & Blender/Processor Bouncy Bands Post Prom

$2,995 $200 $486 $389 $300

May

Jennifer Shipman Jill Koenig Laura Lundy Jennifer Shipman

Elementary District Elementary MAMS

Stem Materials for Elem Level Instruction Madsen Alpha & Desktop Screening Audiometer Junior Achievement Grade Level Curr. Kits Rock Collection

$410 $2,000 $700 $996

August

Samantha Eckert Kathy Hackbarth Diane Nelson

Elementary MAES MAES

Dash & Dot Robots Programmable Class Pack Osmo-Genius Kit Bouncy Bands

$2,620 $495 $374

November

Carla Brost Bob Komanec Jacque Grunewald Richelle Crank-Woller Kim Fechhelm Jason Rappe Jeanine Gelhaus Melissa Gehrke

MAES MAES MAES MAES MAES MAES MAMS SES

Bouncy Bands Bouncy Bands Balance Disks Bouncy bands & Classroom Light Filters TV, Brackets, Cables & DVD Player Behringer Speaker & Headset Solar Energy Materials Walking Trail Materials

$374 $374 $552 $640 $600 $549 $325 $1,000





Student Picture Information The following table shows the rebates each school received from student pictures this fall: School MASH MAMS MAES SES Total

2012-13 Rebate $1,604.59 $2,270.69 $2,361.95 $ 965.86 $7,203.09

2013-14 Rebate $1,628.82 $2,404.00 $2,368.63 $ 874.84 $7,276.29

2014-15 Rebate $1,616.77 $2,400.00 $2,362.88 $ 805.96 $7,185.61

2015-16 Rebate $1,645.37 $2,133.47 $2,523.87 $ 890.95 $7,193.66

2016-17 Rebate $1,746.92 $1,884.92 $2,628.12 $ 910.71 $7,170.67

At the elementary and grades 5 and 6 at the middle school, this money will be used to partially offset the elimination of doorto-door fund raisers. At the 7-12 grade levels, the money is placed in the student activity account.

Medford Area Public School District Regular Board of Education Meeting December 20, 2016 The regular meeting of the Medford Area Public School District Board of Education was called to order by President Dave Fleegel, on Tuesday, December 20, 2016, at 6:00 p.m. in the Medford Area Public School District, District Office.

Roll Call

Roll call indicated that Board Members Brandon Brunner, Paul Dixon, Dave Fleegel, Barb Knight, Jeff Peterson, DeDe Strama and Mark Temme were present. Mark Reuter and Cheryl Wibben were absent. Administrator Pat Sullivan was present.

Pledge of Allegiance Mark Reuter arrived at 6:02 p.m.

Open Meeting Law Compliance Dave Fleegel stated that a copy of the agenda was sent to the Medford Area Public Schools, Star News, WKEB/WIGM Radio and was posted at the District Office.

MASH Acapella Choir Performance The MASH Acapella Choir, directed by Cassandra Jablonsky, performed two songs. Cheryl Wibben arrived at 6:08 p.m.

Public Comment None.













Correspondence 1. Student Council Presentation Jay Czerniak, Student Council President, updated the board on the leadership conference, MASH Christmas activities, Winter Carnival and the possibility of working on the Spirit of Excellence Award Application.

Consent Agenda Motion (Peterson/Knight) to approve the consent agenda [Approval of Agenda; Secretary’s Report - Approval of Regular Board of Education Meeting Minutes from November 17, 2016 (open & closed); Approval of Treasurer’s Report; Approval of the Personnel Report; Approval of Simek Recreation Center Requests; and Approval of Course Options]. Motion carried.

Regular Business

1. Update on Referendum Projects a. MAMS Campus – Pick Up/Drop Off Plans No update. b. MASH Athletic Fields No update. c. Swimming Pool & Locker Rooms Brad Simonson and Marc Zettler, from HSR, along with Dennis Huotari, indicated that they had met with various district employees/coaches regarding the pool project. Possible renditions of the pool area were shared with the board.

Motion (Peterson/Strama) to continue with the original items as listed on the referendum brochures and presented to the public. Amendment (Peterson/Strama) to keep the stalls, redo the locker room and add a bathroom which could also be used as the ADA bathroom for the same dollars. This then include two bathrooms in each locker room, shower curbs come out, has an ADA accessible bathroom with shower with an entrance to the pool facility / doubling as a family bathroom/locker area, and improvements on the water line. Motion carried. 2. Consideration of 2017-18 School Calendar Motion (Wibben/Knight) to approve the 2017-18 school calendar as proposed by administration. Roll call vote: Knight and Wibben – Yes. Brunner, Dixon, Fleegel, Peterson, Reuter. Strama and Temme – No. Motion failed 7-2. Motion (Peterson/Strama) to approve the 2017-18 school calendar as proposed by the Calendar Committee. Motion carried. Motion (Reuter/Dixon) to approve the presented resolution regarding the start of school date. Motion carried. 3. Finance Meeting Review a. Agenda b. Handouts c. Minutes Jennifer Kuenne shared with the board how both Finance and Policy Committee information / packets will be posted / published on the district’s website for everyone to review. 4. Consideration of Budget and Finance Issues a. 2017-18 Budget Parameters and Deficit / Surplus Jeff Albers presented the 2017-18 budget parameters. 5. Consideration of Board Policy Adoption and Deletion: a. For Second Reading Adoption: CHD Administration in Policy Absence; CI Temporary Administrative Arrangements; DA Fiscal Management Goals; and DB Annual Operating Budget Motion (Policy Committee) to approve policies: CHD Administration in Policy Absence; CI Temporary Administrative Arrangements; DA Fiscal Management Goals; and DB Annual Operating Budget. Motion carried. b. For First Reading: DIF Fixed Asset Management; RVA-IGHB Physical Education Equivalent Courses; RVA-IKE Promotion Criteria PreK-12; RVA-IKF Graduation Requirements; RVA-IKFA Early Graduation Requirements; RVAIKFB Commencement Exercises; RVA-IL Testing Program; RVA-JECBB Transfer/Home-Based Students; RVA-JI Student Awards and Scholarships; RVA-JIA Wisconsin Academic Excellence Higher Education Scholarship Program; and RVA-JIB Wisconsin Technical Excellence Scholarship Program Paul Dixon reviewed policies: DIF Fixed Asset Management; RVA-IGHB Physical Education Equivalent Courses; RVA-IKE Promotion Criteria PreK-12; RVA-IKF Graduation Requirements; RVA-IKFA Early Graduation Requirements; RVA-IKFB Commencement Exercises; RVA-IL Testing Program; RVA-JECBB Transfer/Home-Based Students; RVA-JI Student Awards and Scholarships; RVA-JIA Wisconsin Academic Excellence Higher Education Scholarship Program; and RVA-JIB Wisconsin Technical Excellence Scholarship Program with the board for first reading. c. Discussion / Consideration / Review: IICC-E(1)&E(2) Volunteer Enrollment & Disclosure Forms; JECBD School Open Enrollment; and RVA-JECBD School Open Enrollment

Motion (Fleegel/Temme) to approve IICC-E(1) & (2) Volunteer Enrollment & Disclosure Forms; JECBD School Open Enrollment; and RVA-JECBD School Open Enrollment as presented. Motion carried. 6. Consideration of WASB Delegate Assembly Resolutions Paul Dixon reviewed the WASB Delegate Assembly Resolutions with the board members.

Contemplate Adjourning to Closed Session Motion (Reuter/Wibben) to adjourn to closed session. Roll call vote: Brunner, Dixon, Fleegel, Knight, Peterson, Reuter, Strama, Temme and Wibben – Yes. Motion carried 9-0. The meeting was adjourned to closed session at 8:02 p.m.

Adjourn Motion (Wibben/Reuter) to adjourn. Motion carried. The meeting was adjourned at 9:30 p.m.

_______________________________________ Jennifer Kuenne Recording Secretary

_____________________________________ Cheryl Wibben Clerk

Treasurer’s Report – (Cash Balance Report) Balance Sheet As of December 31, 2016 The Balance Sheet is a report listing the assets and liabilities of the District. This report includes, but is not limited to: cash, accounts receivable, accounts payable, other liabilities, and the fund balance accounts. The Medford Area Public School District has checking and savings accounts that are used for the current and general operations of the district. The accounts are: Function 711100-711109 includes the General checking account from Nicolet National Bank and the Payroll account from Fidelity Bank. Function 711210-711219 Petty Cash Accounts Function 712000 Post Retirement Account Function 712200 Local Government Investment Pool The cash balance from the prior month is shown under the title of beginning balance. The cash balance reached a low with the payroll at the end of November. The short-term financing was received and paid back with the aid payment receipt of $3,114,778 on December 5th. The receipt of tax funds in January and February will supplement the cash flow until our next aid payment in March.

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MEDFORD AREA PUBLIC SCHOOL DISTRICT CASH BALANCE REPORT (Date: 12/2016)

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Beginning

December 2016-17

December 2016-17

2016-17

2016-17

Ending

Balance

Debits

Credits

FY Debits

FY Credits

Balance 2,300,002.84

10 A 000 000 711100 000

CASH ON DEPOSIT//GENERAL FUND

-924,583.48

3,975,835.56

2,969,668.31

20,867,985.81

17,661,814.87

21 A 000 000 711100 000

CASH ON DEPOSIT//GIFT FUND

108,133.55

28,397.52

10,638.10

136,421.93

153,102.09

93,234.94

27 A 000 000 711100 000

CASH ON DEPOSIT//SPECIAL EDUCA

-22,807.15

153,731.00

522,586.50

794,081.60

2,415,606.43

-1,624,133.96

38 A 000 000 711100 000

CASH ON DEPOSIT//Non-Referendu

0.03

0.00

0.00

1,009.28

1,009.28

0.03

50 A 000 000 711100 000

CASH ON DEPOSIT//FOOD SERVICE

175,182.48

10,732.21

40,244.22

54,282.01

333,150.95

-100,379.84

80 A 000 000 711100 000

CASH ON DEPOSIT//COMMUNITY SER

41,339.97

2,831.63

19,277.97

19,024.50

105,336.43

-43,670.16

99 A 000 000 711100 000

CASH ON DEPOSIT//OTHER PKG/COO

6,525.32

60,060.21

164,949.59

347,156.24

1,261,103.72

-893,319.68

38 A 000 000 711105 000

POOL ACCOUNT//Non-Referendum D

1,009.24

0.00

0.00

0.04

1,009.28

0.00

21 A 000 000 711106 000

CASH ON DEPOSIT - MAES//GIFT F

65,196.90

0.00

0.00

0.00

0.00

65,196.90

21 A 000 000 711107 000

CASH ON DEPOSIT - SES//GIFT FU

2,841.60

0.00

0.00

0.00

0.00

2,841.60

21 A 000 000 711108 000

CASH ON DEPOSIT - MAMS//GIFT F

4,836.24

0.00

0.00

0.00

0.00

4,836.24

21 A 000 000 711109 000

CASH ON DEPOSIT - MASH//GIFT F

400.00

0.00

0.00

0.00

0.00

400.00

44 A 000 000 711115 000

CASH ON DEPOSIT - REF CHECKING

0.00

1,500.35

1,277.12

283,117.55

282,043.50

1,074.05

10 A 000 000 711150 000

CASH ON HAND - FOOD SERVICE//G

55,974.45

178.40

607.26

852.98

202,101.45

-145,274.02

50 A 000 000 711150 000

CASH ON HAND - FOOD SERVICE//F

0.00

51,987.07

0.00

309,203.19

33,634.41

275,568.78

80 A 000 000 711150 000

CASH ON HAND - FOOD SERVICE//C

0.00

2,790.00

0.00

14,877.50

0.00

14,877.50

-485,950.85

4,288,043.95

3,729,249.07

22,828,012.63

22,449,912.41

-48,744.78

-- A --- --- 7111-- --10 A 000 000 711210 000

PETTY CASH//GENERAL FUND

-- A --- --- 7112-- --73 A 000 000 712000 000

INVESTMENTS//FIDUCIARY FUND

-- A --- --- 7120-- --44 A 000 000 712100 000

REFERENDUM SAVINGS/CD//DISTRIC

-- A --- --- 7121-- --10 A 000 000 712200 000

STATE INVESTMENT POOL//GENERAL

-- A --- --- 7122-- --39 A 000 000 712300 000

REFERENDUM DEBT SERVICE//REFER

-- A --- --- 7123-- ---

165.00

0.00

0.00

800.00

0.00

965.00

165.00

0.00

0.00

800.00

0.00

965.00

3,786,765.79

0.00

0.00

0.00

0.00

3,786,765.79

3,786,765.79

0.00

0.00

0.00

0.00

3,786,765.79

4,180,860.98

7,174.52

1,500.00

17,338.15

283,100.00

3,915,099.13

4,180,860.98

7,174.52

1,500.00

17,338.15

283,100.00

3,915,099.13

1,004.06

0.39

0.00

2.18

0.00

1,006.24

1,004.06

0.39

0.00

2.18

0.00

1,006.24

29,294.56

48.89

0.00

100.60

0.00

29,395.16

29,294.56

48.89

0.00

100.60

0.00

29,395.16 -543,205.71

10 A 000 000 712400 000

REPURCHASE AGREEMENT//GENERAL

2,639,438.02

3,114,948.43

4,001,743.75

9,769,100.02

12,951,743.75

27 A 000 000 712400 000

REPURCHASE AGREEMENT//SPECIAL

0.00

140,386.00

0.00

612,275.48

0.00

612,275.48

38 A 000 000 712400 000

REPURCHASE AGREEMENT//Non-Refe

0.00

0.00

0.00

0.00

11,027.50

-11,027.50

50 A 000 000 712400 000

REPURCHASE AGREEMENT//FOOD SER

-- A --- --- 7124-- --10 A 000 000 713102 000

TOWNSHIP OF BERN//GENERAL FUND

0.00

48,861.84

337.44

111,213.62

908.91

110,304.71

2,639,438.02

3,304,196.27

4,002,081.19

10,492,589.12

12,963,680.16

168,346.98

10,989.17

0.00

0.00

32,062.00

10,989.17

32,062.00

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Beginning

December 2016-17

December 2016-17

2016-17

2016-17

Ending

Balance

Debits

Credits

FY Debits

FY Credits

Balance

38 A 000 000 713102 000

TOWNSHIP OF BERN//Non-Referend

0.00

0.00

0.00

784.00

0.00

784.00

39 A 000 000 713102 000

TOWNSHIP OF BERN//REFERENDUM A

0.00

0.00

0.00

2,084.00

0.00

2,084.00

80 A 000 000 713102 000

TOWNSHIP OF BERN//COMMUNITY SE

10 A 000 000 713104 000

TOWNSHIP OF BROWNING//GENERAL

0.00

0.00

0.00

1,134.00

0.00

1,134.00

156,458.12

0.00

0.00

436,491.00

156,458.12

436,491.00

38 A 000 000 713104 000

TOWNSHIP OF BROWNING//Non-Refe

0.00

0.00

0.00

10,672.00

0.00

10,672.00

39 A 000 000 713104 000

TOWNSHIP OF BROWNING//REFEREND

0.00

0.00

0.00

28,377.00

0.00

28,377.00

80 A 000 000 713104 000

TOWNSHIP OF BROWNING//COMMUNIT

0.00

0.00

0.00

15,432.00

0.00

15,432.00

10 A 000 000 713106 000

TOWNSHIP OF CHELSEA//GENERAL F

179,947.86

0.00

0.00

474,987.00

179,947.86

474,987.00

38 A 000 000 713106 000

TOWNSHIP OF CHELSEA//Non-Refer

0.00

0.00

0.00

11,613.00

0.00

11,613.00

39 A 000 000 713106 000

TOWNSHIP OF CHELSEA//REFERENDU

0.00

0.00

0.00

30,880.00

0.00

30,880.00

80 A 000 000 713106 000

TOWNSHIP OF CHELSEA//COMMUNITY

0.00

0.00

0.00

16,793.00

0.00

16,793.00

10 A 000 000 713110 000

TOWNSHIP OF DEER CREEK//GENERA

128,894.12

0.00

0.00

336,708.00

128,894.12

336,708.00

38 A 000 000 713110 000

TOWNSHIP OF DEER CREEK//Non-Re

0.00

0.00

0.00

8,233.00

0.00

8,233.00

39 A 000 000 713110 000

TOWNSHIP OF DEER CREEK//REFERE

0.00

0.00

0.00

21,890.00

0.00

21,890.00

80 A 000 000 713110 000

TOWNSHIP OF DEER CREEK//COMMUN

10 A 000 000 713114 000

TOWNSHIP OF GOODRICH//GENERAL

0.00

0.00

0.00

11,904.00

0.00

11,904.00

104,685.26

0.00

0.00

280,913.00

104,685.26

280,913.00

38 A 000 000 713114 000

TOWNSHIP OF GOODRICH//Non-Refe

0.00

0.00

0.00

6,868.00

0.00

6,868.00

39 A 000 000 713114 000

TOWNSHIP OF GOODRICH//REFEREND

0.00

0.00

0.00

18,263.00

0.00

18,263.00

80 A 000 000 713114 000

TOWNSHIP OF GOODRICH//COMMUNIT

0.00

0.00

0.00

9,932.00

0.00

9,932.00

10 A 000 000 713118 000

TOWNSHIP OF GROVER//GENERAL FU

17,708.30

0.00

0.00

41,231.00

17,708.30

41,231.00

38 A 000 000 713118 000

TOWNSHIP OF GROVER//Non-Refere

0.00

0.00

0.00

1,008.00

0.00

1,008.00

39 A 000 000 713118 000

TOWNSHIP OF GROVER//REFERENDUM

0.00

0.00

0.00

2,680.00

0.00

2,680.00

80 A 000 000 713118 000

TOWNSHIP OF GROVER//COMMUNITY

10 A 000 000 713120 000

TOWNSHIP OF HAMMEL//GENERAL FU

0.00

0.00

0.00

1,458.00

0.00

1,458.00

189,328.80

0.00

0.00

508,456.00

189,328.80

508,456.00

38 A 000 000 713120 000

TOWNSHIP OF HAMMEL//Non-Refere

0.00

0.00

0.00

12,432.00

0.00

12,432.00

39 A 000 000 713120 000

TOWNSHIP OF HAMMEL//REFERENDUM

0.00

0.00

0.00

33,055.00

0.00

33,055.00

80 A 000 000 713120 000

TOWNSHIP OF HAMMEL//COMMUNITY

10 A 000 000 713122 000

TOWNSHIP OF HOLWAY//GENERAL FU

0.00

0.00

0.00

17,977.00

0.00

17,977.00

116,526.20

0.00

0.00

309,324.00

116,526.20

309,324.00

38 A 000 000 713122 000

TOWNSHIP OF HOLWAY//Non-Refere

0.00

0.00

0.00

7,563.00

0.00

7,563.00

39 A 000 000 713122 000

TOWNSHIP OF HOLWAY//REFERENDUM

0.00

0.00

0.00

20,110.00

0.00

20,110.00

80 A 000 000 713122 000

TOWNSHIP OF HOLWAY//COMMUNITY

10 A 000 000 713126 000

TOWNSHIP OF LITTLE BLACK//GENE

0.00

0.00

0.00

10,936.00

0.00

10,936.00

185,098.42

0.00

0.00

603,653.00

185,098.42

603,653.00

38 A 000 000 713126 000

TOWNSHIP OF LITTLE BLACK//Non-

0.00

0.00

0.00

14,759.00

0.00

14,759.00

39 A 000 000 713126 000

TOWNSHIP OF LITTLE BLACK//REFE

0.00

0.00

0.00

39,244.00

0.00

39,244.00

80 A 000 000 713126 000

TOWNSHIP OF LITTLE BLACK//COMM

0.00

0.00

0.00

21,342.00

0.00

21,342.00

10 A 000 000 713128 000

TOWNSHIP OF MAPLEHURST//GENERA

5,655.49

0.00

0.00

15,128.00

5,655.49

15,128.00

38 A 000 000 713128 000

TOWNSHIP OF MAPLEHURST//Non-Re

0.00

0.00

0.00

370.00

0.00

370.00

39 A 000 000 713128 000

TOWNSHIP OF MAPLEHURST//REFERE

0.00

0.00

0.00

983.00

0.00

983.00

80 A 000 000 713128 000

TOWNSHIP OF MAPLEHURST//COMMUN

0.00

0.00

0.00

535.00

0.00

535.00

10 A 000 000 713132 000

TOWNSHIP OF MEDFORD//GENERAL F

507,496.56

0.00

0.00

1,283,376.00

507,496.56

1,283,376.00

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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MEDFORD AREA PUBLIC SCHOOL DISTRICT CASH BALANCE REPORT (Date: 12/2016)

Fd T Loc Obj Func

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12:10 PM 01/09/17 PAGE: 3

Beginning

December 2016-17

December 2016-17

2016-17

2016-17

Ending

Balance

Debits

Credits

FY Debits

FY Credits

Balance

38 A 000 000 713132 000

TOWNSHIP OF MEDFORD//Non-Refer

0.00

0.00

0.00

31,379.00

0.00

31,379.00

39 A 000 000 713132 000

TOWNSHIP OF MEDFORD//REFERENDU

0.00

0.00

0.00

83,434.00

0.00

83,434.00

80 A 000 000 713132 000

TOWNSHIP OF MEDFORD//COMMUNITY

0.00

0.00

0.00

45,374.00

0.00

45,374.00

10 A 000 000 713134 000

TOWNSHIP OF MOLITOR//GENERAL F

112,343.67

0.00

0.00

308,163.00

112,343.67

308,163.00

38 A 000 000 713134 000

TOWNSHIP OF MOLITOR//Non-Refer

0.00

0.00

0.00

7,535.00

0.00

7,535.00

39 A 000 000 713134 000

TOWNSHIP OF MOLITOR//REFERENDU

0.00

0.00

0.00

20,034.00

0.00

20,034.00

80 A 000 000 713134 000

TOWNSHIP OF MOLITOR//COMMUNITY

10 A 000 000 713151 000

CITY OF MEDFORD//GENERAL FUND

0.00

0.00

0.00

10,895.00

0.00

10,895.00

705,104.12

0.00

0.00

1,829,499.00

705,104.12

1,829,499.00

38 A 000 000 713151 000

CITY OF MEDFORD//Non-Referendu

0.00

0.00

0.00

44,731.00

0.00

44,731.00

39 A 000 000 713151 000

CITY OF MEDFORD//REFERENDUM AP

0.00

0.00

0.00

118,938.00

0.00

118,938.00

80 A 000 000 713151 000

CITY OF MEDFORD//COMMUNITY SER

0.00

0.00

0.00

64,683.00

0.00

64,683.00

10 A 000 000 713181 000

VILLAGE OF STETSONVILLE//GENER

58,470.90

0.00

0.00

168,018.00

58,470.90

168,018.00

38 A 000 000 713181 000

VILLAGE OF STETSONVILLE//Non-R

0.00

0.00

0.00

4,108.00

0.00

4,108.00

39 A 000 000 713181 000

VILLAGE OF STETSONVILLE//REFER

0.00

0.00

0.00

10,923.00

0.00

10,923.00

80 A 000 000 713181 000

VILLAGE OF STETSONVILLE//COMMU

-- A --- --- 7131-- ---

0.00

0.00

0.00

5,940.00

0.00

5,940.00

2,478,706.99

0.00

0.00

7,455,294.00

2,478,706.99

7,455,294.00 16.15

10 A 000 000 713200 000

ACCOUNTS RECEIVABLE//GENERAL F

45,516.25

0.00

0.00

123.80

45,623.90

21 A 000 000 713200 000

ACCOUNTS RECEIVABLE//GIFT FUND

2,824.00

0.00

0.00

0.00

2,824.00

0.00

27 A 000 000 713200 000

ACCOUNTS RECEIVABLE//SPECIAL E

5,174.46

0.00

0.00

0.00

5,174.46

0.00

50 A 000 000 713200 000

ACCOUNTS RECEIVABLE//FOOD SERV

-- A --- --- 7132-- ---

63.99

0.00

0.00

1,374.52

1,246.81

191.70

53,578.70

0.00

0.00

1,498.32

54,869.17

207.85 234,705.34

10 A 000 000 714220 000

DUE FROM SPECIAL PROJECTS FUND

234,705.34

0.00

0.00

0.00

0.00

10 A 000 000 714273 000

DUE FROM POST RETIREMENT TRUST

0.00

0.00

0.00

22,774.00

22,774.00

0.00

234,705.34

0.00

0.00

22,774.00

22,774.00

234,705.34

-- A --- --- 7142-- --10 A 000 000 715500 000

DUE FROM STATE GOVERNMENT//GEN

576,321.00

0.00

0.00

0.00

576,321.00

0.00

50 A 000 000 715500 000

DUE FROM STATE GOVERNMENT//FOO

0.00

0.00

0.00

6,422.19

0.00

6,422.19

576,321.00

0.00

0.00

6,422.19

576,321.00

6,422.19

-- A --- --- 7155-- --10 A 000 000 715600 000

DUE FROM FEDERAL GOVERNMENT//G

305,015.51

0.00

0.00

43,015.00

348,030.51

0.00

27 A 000 000 715600 000

DUE FROM FEDERAL GOVERNMENT//S

267,751.58

0.00

0.00

64,272.00

307,246.07

24,777.51

50 A 000 000 715600 000

DUE FROM FEDERAL GOVERNMENT//F

-- A --- --- 7156-- ---

7,011.89

337.44

48,861.84

149,671.94

111,213.62

45,470.21

579,778.98

337.44

48,861.84

256,958.94

766,490.20

70,247.72

10 A 000 000 717000 000

PREPAID EXPENSES//GENERAL FUND

25,914.62

0.00

0.00

0.00

25,914.62

0.00

50 A 000 000 717000 000

PREPAID EXPENSES//FOOD SERVICE

2,598.60

0.00

0.00

0.00

2,598.60

0.00

28,513.22

0.00

0.00

0.00

28,513.22

0.00

-- A --- --- 7170-- ---

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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50 A 000 000 816900 000

MEDFORD AREA PUBLIC SCHOOL DISTRICT CASH BALANCE REPORT (Date: 12/2016)

Fd T Loc Obj Func

Prj

OTHER DEFERRED REVENUE//FOOD S

-- A --- --- 8169-- --10 L 000 000 811100 000

TEMPORARY NOTES PAYABLE//GENER

-- L --- --- 8111-- --10 L 000 000 811200 000

ACCOUNTS PAYABLE//GENERAL FUND

21 L 000 000 811200 000

ACCOUNTS PAYABLE//GIFT FUND

12:10 PM 01/09/17 PAGE: 4

Beginning

December 2016-17

December 2016-17

2016-17

2016-17

Ending

Balance

Debits

Credits

FY Debits

FY Credits

Balance

-8,515.25

0.00

51,252.32

233,201.27

304,981.83

-80,295.81

-8,515.25

0.00

51,252.32

233,201.27

304,981.83

-80,295.81

0.00

1,500,000.00

0.00

1,500,000.00

1,500,000.00

0.00

0.00

1,500,000.00

0.00

1,500,000.00

1,500,000.00

0.00

-49,592.45

2,129,586.07

2,129,586.07

11,057,822.63

11,008,230.18

0.00

-337.50

10,638.10

10,638.10

151,906.29

151,568.79

0.00

27 L 000 000 811200 000

ACCOUNTS PAYABLE//SPECIAL EDUC

-2,552.81

292,434.58

292,434.58

1,336,757.97

1,334,205.16

0.00

38 L 000 000 811200 000

ACCOUNTS PAYABLE//Non-Referend

0.00

0.00

0.00

1,009.28

1,009.28

0.00

44 L 000 000 811200 000

ACCOUNTS PAYABLE//DISTRICT IMP

0.00

1,277.12

1,277.12

282,043.50

282,043.50

0.00

50 L 000 000 811200 000

ACCOUNTS PAYABLE//FOOD SERVICE

0.00

23,134.68

23,134.68

435,002.30

516,352.27

-81,349.97

80 L 000 000 811200 000

ACCOUNTS PAYABLE//COMMUNITY SE

-1,002.50

9,765.23

9,765.23

59,524.48

58,521.98

0.00

99 L 000 000 811200 000

ACCOUNTS PAYABLE//OTHER PKG/CO

-4,201.27

103,899.66

103,899.66

906,453.91

902,252.64

0.00

-57,686.53

2,570,735.44

2,570,735.44

14,230,520.36

14,254,183.80

-81,349.97

-34,276.01

122,441.02

122,441.02

587,542.21

553,266.20

0.00

0.00

31,229.52

31,229.52

137,209.70

137,209.70

0.00

-- L --- --- 8112-- --10 L 000 000 811611 000

FICA//GENERAL FUND

27 L 000 000 811611 000

FICA//SPECIAL EDUCATION FUND

50 L 000 000 811611 000

FICA//FOOD SERVICE FUND

0.00

2,269.08

2,269.08

8,762.26

8,762.26

0.00

80 L 000 000 811611 000

FICA//COMMUNITY SERVICE FUND

0.00

938.84

938.84

5,058.42

5,058.42

0.00

99 L 000 000 811611 000

FICA//OTHER PKG/COOP PROGRAM F

0.00

8,511.70

8,511.70

49,464.90

49,464.90

0.00

10 L 000 000 811612 000

FEDERAL INCOME TAX//GENERAL FU

-14,338.38

72,758.11

72,758.11

347,682.01

333,343.63

0.00

27 L 000 000 811612 000

FEDERAL INCOME TAX//SPECIAL ED

0.00

15,447.48

15,447.48

67,610.04

67,610.04

0.00

50 L 000 000 811612 000

FEDERAL INCOME TAX//FOOD SERVI

0.00

1,095.99

1,095.99

4,183.42

4,183.42

0.00

80 L 000 000 811612 000

FEDERAL INCOME TAX//COMMUNITY

0.00

331.32

331.32

2,842.79

2,842.79

0.00

99 L 000 000 811612 000

FEDERAL INCOME TAX//OTHER PKG/

0.00

4,675.76

4,675.76

26,667.63

26,667.63

0.00

10 L 000 000 811613 000

STATE INCOME TAX//GENERAL FUND

-6,167.17

34,087.86

34,087.86

161,510.34

155,343.17

0.00

27 L 000 000 811613 000

STATE INCOME TAX//SPECIAL EDUC

0.00

7,783.14

7,783.14

34,198.29

34,198.29

0.00

50 L 000 000 811613 000

STATE INCOME TAX//FOOD SERVICE

0.00

340.54

340.54

1,295.21

1,295.21

0.00

80 L 000 000 811613 000

STATE INCOME TAX//COMMUNITY SE

0.00

105.19

105.19

885.27

885.27

0.00

99 L 000 000 811613 000

STATE INCOME TAX//OTHER PKG/CO

10 L 000 000 811621 000

WTRS//GENERAL FUND

0.00

2,333.56

2,333.56

13,260.56

13,260.56

0.00

-299,026.31

89,381.12

89,381.12

680,257.87

381,231.56

0.00

27 L 000 000 811621 000

WTRS//SPECIAL EDUCATION FUND

0.00

19,832.80

19,832.80

90,250.20

90,250.20

0.00

80 L 000 000 811621 000

WTRS//COMMUNITY SERVICE FUND

0.00

366.90

366.90

2,483.28

2,483.28

0.00

99 L 000 000 811621 000

WTRS//OTHER PKG/COOP PROGRAM F

10 L 000 000 811622 000

WRS//GENERAL FUND

0.00

6,794.16

6,794.16

39,524.10

39,524.10

0.00

-21,984.78

17,441.38

17,441.38

114,898.02

92,913.24

0.00

27 L 000 000 811622 000

WRS//SPECIAL EDUCATION FUND

0.00

8,451.52

8,451.52

34,163.78

34,163.78

0.00

50 L 000 000 811622 000

WRS//FOOD SERVICE FUND

0.00

2,092.70

2,092.70

7,988.00

7,988.00

0.00

80 L 000 000 811622 000

WRS//COMMUNITY SERVICE FUND

0.00

0.00

0.00

2.22

2.22

0.00

99 L 000 000 811622 000

WRS//OTHER PKG/COOP PROGRAM FU

0.00

905.24

905.24

4,896.54

4,896.54

0.00

3frbud12.p 05.16.10.00.04-010167

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MEDFORD AREA PUBLIC SCHOOL DISTRICT CASH BALANCE REPORT (Date: 12/2016)

Fd T Loc Obj Func

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12:10 PM 01/09/17 PAGE: 5

Beginning

December 2016-17

December 2016-17

2016-17

2016-17

Ending

Balance

Debits

Credits

FY Debits

FY Credits

Balance 219,248.24

10 L 000 000 811631 000

HEALTH INSURANCE//GENERAL FUND

-214,693.83

219,523.10

227,955.22

1,448,604.69

1,014,662.62

27 L 000 000 811631 000

HEALTH INSURANCE//SPECIAL EDUC

0.00

78,626.78

78,626.78

327,903.19

327,903.19

0.00

50 L 000 000 811631 000

HEALTH INSURANCE//FOOD SERVICE

0.00

9,537.64

9,537.64

37,551.61

37,551.61

0.00

99 L 000 000 811631 000

HEALTH INSURANCE//OTHER PKG/CO

0.00

15,041.23

15,041.23

79,956.42

79,956.42

0.00

10 L 000 000 811632 000

DENTAL INSURANCE//GENERAL FUND

-19,392.46

19,374.57

20,067.69

128,245.02

89,257.74

19,594.82

27 L 000 000 811632 000

DENTAL INSURANCE//SPECIAL EDUC

0.00

7,171.48

7,171.48

30,115.18

30,115.18

0.00

50 L 000 000 811632 000

DENTAL INSURANCE//FOOD SERVICE

0.00

847.10

847.10

3,388.40

3,388.40

0.00

99 L 000 000 811632 000

DENTAL INSURANCE//OTHER PKG/CO

10 L 000 000 811633 000

LONG-TERM DISABILITY//GENERAL

0.00

1,359.31

1,359.31

7,207.81

7,207.81

0.00

-6,276.61

2,422.30

2,611.06

16,222.80

11,647.07

-1,700.88

27 L 000 000 811633 000

LONG-TERM DISABILITY//SPECIAL

0.00

735.97

735.97

3,141.02

3,141.02

0.00

50 L 000 000 811633 000

LONG-TERM DISABILITY//FOOD SER

0.00

53.58

53.58

214.32

214.32

0.00

99 L 000 000 811633 000

LONG-TERM DISABILITY//OTHER PK

0.00

192.78

192.78

1,065.78

1,065.78

0.00

10 L 000 000 811660 000

TRUST ADVANTAGE//GENERAL FUND

0.00

1,427.18

1,427.18

5,904.48

5,904.48

0.00

27 L 000 000 811660 000

TRUST ADVANTAGE//SPECIAL EDUCA

0.00

458.32

458.32

2,062.44

2,062.44

0.00

99 L 000 000 811660 000

TRUST ADVANTAGE//OTHER PKG/COO

0.00

4.26

4.26

25.56

25.56

0.00

10 L 000 000 811670 000

TAX-SHELTERED ANNUITIES//GENER

0.00

14,957.68

14,957.68

63,362.60

63,362.60

0.00

27 L 000 000 811670 000

TAX-SHELTERED ANNUITIES//SPECI

0.00

355.00

355.00

1,420.00

1,420.00

0.00

99 L 000 000 811670 000

TAX-SHELTERED ANNUITIES//OTHER

0.00

609.20

609.20

2,912.48

2,912.48

0.00

10 L 000 000 811680 000

GARNISHMENT DEDUCTIONS PAYABLE

-1,724.00

1,112.00

1,112.00

6,602.91

4,878.91

0.00

10 L 000 000 811690 000

OTHER DEDUCTIONS PAYABLE//GENE

0.00

76.00

38.00

172.00

172.00

0.00

27 L 000 000 811690 000

OTHER DEDUCTIONS PAYABLE//SPEC

0.00

10.00

5.00

95.00

95.00

0.00

99 L 000 000 811690 000

OTHER DEDUCTIONS PAYABLE//OTHE

0.00

0.00

0.00

4.00

4.00

0.00

10 L 000 000 811691 000

FLEX BENEFIT 125//GENERAL FUND

0.00

4,807.30

4,807.30

19,229.20

19,229.20

0.00

27 L 000 000 811691 000

FLEX BENEFIT 125//SPECIAL EDUC

-- L --- --- 8116-- ---

0.00

1,960.20

1,960.20

7,840.80

7,840.80

0.00

-617,879.55

830,277.91

839,548.91

4,615,884.77

3,760,863.04

237,142.18

10 L 000 000 811800 000

ACCRUED PAYROLL PAYABLE//GENER

-126,942.99

1,185,271.67

1,175,152.49

5,487,488.36

5,360,545.37

0.00

27 L 000 000 811800 000

ACCRUED PAYROLL PAYABLE//SPECI

-12,860.74

334,817.99

334,817.99

1,455,809.32

1,442,948.58

0.00

50 L 000 000 811800 000

ACCRUED PAYROLL PAYABLE//FOOD

80 L 000 000 811800 000

ACCRUED PAYROLL PAYABLE//COMMU

99 L 000 000 811800 000

ACCRUED PAYROLL PAYABLE//OTHER

-- L --- --- 8118-- --27 L 000 000 812100 000

DUE TO GENERAL FUND//SPECIAL E

-- L --- --- 8121-- --10 L 000 000 812205 000

DUE TO POST RETIREMENT FUND//G

-- L --- --- 8122-- --10 Q 000 000 931100 000

FUND - RESERVED FOR ENCUMBRANC

0.00

28,412.27

28,412.27

110,133.89

110,133.89

0.00

-553.21

10,165.61

10,165.61

49,275.41

48,722.20

0.00

-2,324.05

83,134.96

83,134.96

475,016.06

472,692.01

0.00

-142,680.99

1,641,802.50

1,631,683.32

7,577,723.04

7,435,042.05

0.00

-234,705.34

0.00

0.00

0.00

0.00

-234,705.34

-234,705.34

0.00

0.00

0.00

0.00

-234,705.34

0.00

0.00

0.00

22,774.00

22,774.00

0.00

0.00

0.00

0.00

22,774.00

22,774.00

0.00

125,370.23

44,025.94

17,003.03

1,159,240.65

1,367,638.14

-90,426.30

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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MEDFORD AREA PUBLIC SCHOOL DISTRICT CASH BALANCE REPORT (Date: 12/2016)

Fd T Loc Obj Func

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12:10 PM 01/09/17 PAGE: 6

Beginning

December 2016-17

December 2016-17

2016-17

2016-17

Ending

Balance

Debits

Credits

FY Debits

FY Credits

Balance

21 Q 000 000 931100 000

FUND - RESERVED FOR ENCUMBRANC

2,880.61

1,375.16

5,150.92

25,235.44

30,763.50

-2,752.79

27 Q 000 000 931100 000

FUND - RESERVED FOR ENCUMBRANC

16,295.81

5,682.47

4,656.16

94,747.79

114,198.69

-4,380.74

41 Q 000 000 931100 000

FUND - RESERVED FOR ENCUMBRANC

0.00

0.00

0.00

281,374.00

281,374.00

0.00

44 Q 000 000 931100 000

FUND - RESERVED FOR ENCUMBRANC

0.00

61,819.52

0.00

277,266.30

282,023.50

-4,757.20

50 Q 000 000 931100 000

FUND - RESERVED FOR ENCUMBRANC

0.00

0.00

0.00

5,942.00

7,136.00

-4,436.00

80 Q 000 000 931100 000

FUND - RESERVED FOR ENCUMBRANC

-141,968.79

0.00

0.00

524.75

4,049.50

-145,493.54

99 Q 000 000 931100 000

FUND - RESERVED FOR ENCUMBRANC

-- Q --- --- 9311-- --30 Q 000 000 931790 000

FUND-RESERVE FOR DEBT RETIRMNT

-- Q --- --- 9317-- --73 Q 000 000 931900 000

OTHER RESERVED FUND BALANCE//F

-- Q --- --- 9319-- --10 Q 000 000 932000 000

ASSIGNED FOR RETIRE LIABILITY/

-- Q --- --- 9320-- ---

474,174.12

867.87

1,303.58

44,876.06

54,626.90

472,950.28

476,751.98

113,770.96

28,113.69

1,889,206.99

2,141,810.23

220,703.71

-1,459,607.62

0.00

0.00

0.00

0.00

-1,459,607.62

-1,459,607.62

0.00

0.00

0.00

0.00

-1,459,607.62

-4,518,902.72

0.00

0.00

0.00

0.00

-4,518,902.72

-4,518,902.72

0.00

0.00

0.00

0.00

-4,518,902.72

-45,098.00

0.00

0.00

0.00

0.00

-45,098.00

-45,098.00

0.00

0.00

0.00

0.00

-45,098.00 90,426.30

10 Q 000 000 932100 000

DESIGNATED-WORKING CASH BAL//G

-125,370.23

17,003.03

44,025.94

1,367,638.14

1,159,240.65

21 Q 000 000 932100 000

DESIGNATED-WORKING CASH BAL//G

-2,880.61

5,150.92

1,375.16

30,763.50

25,235.44

2,752.79

23 Q 000 000 932100 000

DESIGNATED-WORKING CASH BAL//T

-434,128.36

0.00

0.00

0.00

0.00

-434,128.36 4,380.74

27 Q 000 000 932100 000

DESIGNATED-WORKING CASH BAL//S

-16,295.81

4,656.16

5,682.47

114,198.69

94,747.79

41 Q 000 000 932100 000

DESIGNATED-WORKING CASH BAL//C

0.00

0.00

0.00

281,374.00

281,374.00

0.00

44 Q 000 000 932100 000

DESIGNATED-WORKING CASH BAL//D

-6,336,189.72

0.00

61,819.52

282,023.50

277,266.30

-6,331,432.52 -242,149.06

50 Q 000 000 932100 000

DESIGNATED-WORKING CASH BAL//F

-246,585.06

0.00

0.00

7,136.00

5,942.00

80 Q 000 000 932100 000

DESIGNATED-WORKING CASH BAL//C

0.00

0.00

0.00

4,049.50

524.75

3,524.75

99 Q 000 000 932100 000

DESIGNATED-WORKING CASH BAL//O

-3,484.37

1,303.58

867.87

54,626.90

44,876.06

-2,260.53

10 Q 000 000 932104 000

ASSIGNED FOR FUTURE REC MAIN//

-229,500.00

0.00

0.00

0.00

0.00

-229,500.00

10 Q 000 000 932105 000

ASSIGNED FOR TECH REPLACEMENT/

-420,000.00

0.00

0.00

0.00

0.00

-420,000.00 84,555,293.21

10 Q 000 000 932110 000

FUND - W/C BAL - EXP//GENERAL

76,926,721.34

1,516,594.41

9,776.47

7,803,418.07

148,291.97

21 Q 000 000 932110 000

FUND - W/C BAL - EXP//GIFT FUN

699,016.92

10,638.10

0.00

155,417.63

6,198.89

846,454.11

23 Q 000 000 932110 000

FUND - W/C BAL - EXP//TEACH PR

866,789.45

0.00

0.00

0.00

0.00

866,789.45

27 Q 000 000 932110 000

FUND - W/C BAL - EXP//SPECIAL

13,629,151.70

369,485.95

635.45

1,663,663.67

13,363.41

15,267,392.79

30 Q 000 000 932110 000

FUND - W/C BAL - EXP//DEBT SER

14,741,771.88

0.00

0.00

0.00

0.00

14,741,771.88 607,041.78

38 Q 000 000 932110 000

FUND - W/C BAL - EXP//Non-Refe

595,005.00

0.00

0.00

12,036.78

0.00

39 Q 000 000 932110 000

FUND - W/C BAL - EXP//REFEREND

75,102.95

0.00

0.00

0.00

0.00

75,102.95

44 Q 000 000 932110 000

FUND - W/C BAL - EXP//DISTRICT

6,919,644.31

1,277.12

0.00

282,043.50

0.00

7,201,687.81

50 Q 000 000 932110 000

FUND - W/C BAL - EXP//FOOD SER

15,058,075.31

29,512.01

0.00

496,482.90

92,591.63

15,458,659.96

73 Q 000 000 932110 000

FUND - W/C BAL - EXP//FIDUCIAR

1,791,536.88

0.00

0.00

0.00

0.00

1,791,536.88

80 Q 000 000 932110 000

FUND - W/C BAL - EXP//COMMUNIT

692,688.41

16,446.34

0.00

85,008.72

101.50

776,293.83

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

MEDFORD AREA PUBLIC SCHOOL DISTRICT CASH BALANCE REPORT (Date: 12/2016)

Fd T Loc Obj Func

Prj

99 Q 000 000 932110 000

FUND - W/C BAL - EXP//OTHER PK

10 Q 000 000 932150 000

FUND - W/C BAL - REV//GENERAL

12:10 PM 01/09/17 PAGE: 7

Beginning

December 2016-17

December 2016-17

2016-17

2016-17

Ending

Balance

Debits

Credits

FY Debits

FY Credits

Balance

4,437,791.71

123,077.57

354.19

1,014,691.97

4,817.81

5,433,563.39

-80,875,886.11

2,400.00

3,129,004.58

15,551.84

11,721,866.81

-92,574,062.23 -1,012,963.79

21 Q 000 000 932150 000

FUND - W/C BAL - REV//GIFT FUN

-882,911.71

0.00

28,397.52

9,884.41

139,936.49

23 Q 000 000 932150 000

FUND - W/C BAL - REV//TEACH PR

-432,661.09

0.00

0.00

0.00

0.00

-432,661.09

27 Q 000 000 932150 000

FUND - W/C BAL - REV//SPECIAL

-13,629,151.70

0.00

140,386.00

8,138.85

416,454.78

-14,045,606.48 -13,282,164.26

30 Q 000 000 932150 000

FUND - W/C BAL - REV//DEBT SER

-13,282,164.26

0.00

0.00

0.00

0.00

38 Q 000 000 932150 000

FUND - W/C BAL - REV//Non-Refe

-596,014.27

0.00

0.00

0.00

162,055.04

-758,069.31

39 Q 000 000 932150 000

FUND - W/C BAL - REV//REFEREND

-104,397.51

0.00

48.89

0.00

430,995.60

-535,393.11

44 Q 000 000 932150 000

FUND - W/C BAL - REV//DISTRICT

-4,764,315.57

0.00

7,174.87

0.00

17,355.70

-4,781,671.27

50 Q 000 000 932150 000

FUND - W/C BAL - REV//FOOD SER

-14,987,831.96

0.00

734.75

1,081.51

401,256.42

-15,388,006.87 -1,059,399.95

73 Q 000 000 932150 000

FUND - W/C BAL - REV//FIDUCIAR

-1,059,399.95

0.00

0.00

0.00

0.00

80 Q 000 000 932150 000

FUND - W/C BAL - REV//COMMUNIT

-590,503.88

0.00

2,790.00

0.00

249,363.50

-839,867.38

99 Q 000 000 932150 000

FUND - W/C BAL - REV//OTHER PK

-4,908,481.46

0.00

17,834.00

0.00

102,452.00

-5,010,933.46

-7,494,857.77

2,097,545.19

3,450,907.68

13,689,230.08

15,796,308.54

-9,657,597.05

-- Q --- --- 9321-- ---

__________________________________________________________________________________________________________________________________________________________________________ Grand Asset Totals

14,094,666.54

7,599,801.46

7,832,944.42

41,314,991.40

39,929,348.98

Grand Liability Totals

-1,052,952.41

6,542,815.85

5,041,967.67

27,946,902.17

26,972,862.89

-78,913.13

-13,041,714.13

2,211,316.15

3,479,021.37

15,578,437.07

17,938,118.77

-15,460,501.68

0.00

16,353,933.46

16,353,933.46

84,840,330.64

84,840,330.64

0.00

Grand Equity Totals Grand Totals

Number of Accounts:

205

************************ End of report ************************

15,539,414.81

General Education & Special Education Cash Comparison 4,000,000 3,500,000 3,000,000 2,500,000

Balance

2,000,000 1,500,000 1,000,000 500,000 0 -500,000 -1,000,000 -1,500,000

Month 2016-17

2014-15

2015-16

H:\MSOFFICE\EXCEL\BDRPTS\nov 16 gen & sped cash fordec.xls

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

MEDFORD AREA PUBLIC SCHOOL DISTRICT REVENUE BUDGET REPORT (Date: 12/2016)

Obj

10 R 800 211 500000 000

PROPERTY TAX

10 R 800 213 500000 000

12:05 PM 01/09/17 PAGE: 1

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unreceived

Revised Budget

Monthly Revenue

FYTD Revenue

FYTD %

Balance

Balance

6,628,009.00

0.00

6,628,009.00

100.00

0.00

0.00

MOBILE HOME TAX

18,000.00

25.57

5,456.84

30.32

0.00

12,543.16

10 R 800 240 139000 000

PAYMENT FOR SERVICES

10,503.00

3,343.51

6,675.94

63.56

0.00

3,827.06

10 R 800 240 500000 000

PAYMENT FOR SERVICES

3,000.00

0.00

450.00

15.00

0.00

2,550.00

10 R 800 264 500000 000

NON CAPITAL SURPLUS PROP.

0.00

0.00

510.00

0.00

0.00

10 R 800 269 500000 000

OTHER SALE OF NON-CAPITAL

2,000.00

0.00

0.00

0.00

0.00

2,000.00

10 R 800 271 500000 000

ADMISSIONS

23,000.00

1,261.00

10,800.00

46.96

0.00

12,200.00

10 R 800 279 500000 000

OTHER SCHOOL ACTIVITY INC

25,000.00

5,860.00

23,323.25

93.29

0.00

1,676.75

10 R 800 280 500000 000

INTEREST ON INVESTMENTS

3,000.00

186.53

1,605.58

53.52

0.00

1,394.42

10 R 800 293 500000 000

RENTALS

0.00

0.00

270.00

0.00

0.00

10 R 800 299 500000 000

MISCELLANEOUS LOCAL REVEN

4,000.00

148.49

1,618.53

40.46

0.00

2,381.47

10 R --- 2-- ------ ---

*REVENUE FROM LOCAL SOURC

6,716,512.00

10,825.10

6,678,719.14

99.44

0.00

37,792.86

10 R 800 340 500000 000

PAYMENTS FOR SERVICES

0.00

0.00

300.00

0.00

0.00

10 R 800 345 500000 000

GENERAL TUITION-OPEN ENRO

1,790,316.00

0.00

0.00

0.00

0.00

1,790,316.00

10 R --- 3-- ------ ---

*INTERDIST PYMNTS WITHIN

1,790,316.00

0.00

300.00

0.02

0.00

1,790,016.00

10 R 800 515 500000 000

STATE AID-INTERMEDIATE SO

10 R 800 517 500000 391

TRANSIT OF FEDERAL AIDS

10 R 800 581 500000 000

510.00-

270.00-

300.00-

0.00

0.00

2,000.00

0.00

0.00

2,000.00

0.00

0.00

0.00

0.00

2,000.002,000.00

MEDICAID SCHOOL BASED SER

68,000.00

0.00

0.00

0.00

0.00

68,000.00

10 R --- 5-- ------ ---

*REV FROM INTERMEDIATE SO

70,000.00

0.00

2,000.00

2.86

0.00

68,000.00

10 R 800 612 500000 000

TRANSPORTATION AID

115,000.00

0.00

0.00

0.00

0.00

115,000.00

10 R 800 613 500000 000

LIBRARY AID

90,000.00

0.00

0.00

0.00

0.00

90,000.00

10 R 800 621 500000 000

EQUALIZATION AID

12,521,799.00

3,114,778.00

4,923,269.00

39.32

0.00

7,598,530.00

10 R 800 630 500000 562

SPECIAL PROJECT GRANTS

0.00

0.00

4,143.00

0.00

0.00

10 R 800 630 500000 577

SPECIAL PROJECT GRANTS

0.00

0.00

5,383.00

0.00

0.00

10 R 800 690 500000 000

OTHER REVENUE FROM STATE

25,000.00

60.70

241.95

0.97

0.00

10 R 800 691 500000 000

COMPUTER AID

32,960.00

0.00

0.00

0.00

0.00

32,960.00

10 R 800 695 500000 000

STATE CATEGORICAL AID

520,750.00

0.00

0.00

0.00

0.00

520,750.00

10 R 800 699 500000 000

OTHER REVENUE FROM STATE

10 R --- 6-- ------ ---

*REVENUE FROM STATE SOURC

10 R 800 713 500000 400 10 R 800 730 500000 341

4,143.005,383.0024,758.05

2,000.00

0.00

0.00

0.00

0.00

2,000.00

13,307,509.00

3,114,838.70

4,933,036.95

37.07

0.00

8,374,472.05

VOCATIONAL EDUCATION AID

19,605.00

0.00

3,659.34

18.67

0.00

15,945.66

SPECIAL PROJECT GRANT

70,000.00

0.00

0.00

0.00

0.00

70,000.00

10 R 800 730 500000 365

SPECIAL PROJECT GRANT

96,000.00

0.00

23,199.10

24.17

0.00

72,800.90

10 R 800 751 500000 141

ECIA - CHAPTER 1

399,132.00

0.00

29,462.82

7.38

0.00

369,669.18

10 R 800 790 500000 015

OTHER REV FROM FEDERAL SO

0.00

940.78

1,340.78

0.00

0.00

10 R 800 790 500000 393

OTHER REV FROM FEDERAL SO

0.00

0.00

650.00

0.00

0.00

10 R --- 7-- ------ ---

*REVENUE FROM FEDERAL SOU

584,737.00

940.78

58,312.04

9.97

0.00

1,340.78650.00526,424.96

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

MEDFORD AREA PUBLIC SCHOOL DISTRICT REVENUE BUDGET REPORT (Date: 12/2016)

Obj

10 R 800 860 500000 000

SALE OF FIXED ASSETS

10 R 800 861 500000 000

EQUIPMENT SALES

10 R --- 8-- ------ ---

*OTHER FINANCING SOURCES

10 R 800 964 500000 000 10 R 800 971 500000 619 10 R 800 990 500000 000

MISCELLANEOUS OTHER REVEN

10 R --- 9-- ------ ---

*OTHER REVENUES

10 - --- --- ------ ---

*GENERAL FUND

21 R 100 291 500000 010

GIFTS

21 R 100 291 500000 036

12:05 PM 01/09/17 PAGE: 2

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Revised Budget

Monthly Revenue

FYTD Revenue

FYTD %

Balance

4,000.00

0.00

1,000.00

Unreceived Balance

25.00

0.00

3,000.00

0.00

0.00

1,200.00

0.00

0.00

1,200.00-

4,000.00

0.00

2,200.00

55.00

0.00

1,800.00

INSURANCE

37,000.00

0.00

0.00

0.00

0.00

37,000.00

REFUND OF DISB - AIDABLE

24,182.00

0.00

22,553.01

93.26

0.00

1,628.99

0.00

0.00

1,054.98

0.00

0.00

61,182.00

0.00

23,607.99

38.59

0.00

37,574.01

22,534,256.00

3,126,604.58

11,698,176.12

51.91

0.00

10,836,079.88

0.00

334.50

1,342.10

0.00

0.00

1,342.10-

GIFTS

0.00

0.00

9,184.41-

0.00

0.00

9,184.41

21 R 100 291 500000 050

GIFTS

0.00

0.00

3,497.62

0.00

0.00

3,497.62-

21 R 100 291 500000 070

GIFTS

0.00

0.00

413.15

0.00

0.00

413.15-

21 R 100 291 500000 085

GIFTS

0.00

0.00

9,144.02

0.00

0.00

9,144.02-

21 R 100 291 500000 090

GIFTS

0.00

11,457.00

11,607.00

0.00

0.00

11,607.00-

21 R 101 291 500000 110

GIFTS

0.00

0.00

425.00

0.00

0.00

425.00-

21 R 101 291 500000 150

GIFTS

0.00

0.00

4,066.99

0.00

0.00

4,066.99-

21 R 200 291 500000 210

GIFTS

0.00

288.66

499.81

0.00

0.00

499.81-

21 R 200 291 500000 212

GIFTS

0.00

0.00

2,146.00

0.00

0.00

2,146.00-

21 R 200 291 500000 217

GIFTS

0.00

283.79

12,775.99

0.00

0.00

12,775.99-

21 R 200 291 500000 220

GIFTS

0.00

0.00

1,057.00

0.00

0.00

1,057.00-

21 R 200 291 500000 230

GIFTS

0.00

0.00

56.83

0.00

0.00

56.83-

21 R 400 291 500000 402

GIFTS

0.00

540.00

5,487.50

0.00

0.00

5,487.50-

21 R 400 291 500000 408

GIFTS

0.00

1,035.00

1,160.00

0.00

0.00

1,160.00-

21 R 400 291 500000 411

GIFTS

0.00

531.75

1,553.25

0.00

0.00

1,553.25-

21 R 400 291 500000 422

GIFTS

0.00

1,000.00

1,082.00

0.00

0.00

1,082.00-

21 R 400 291 500000 424

GIFTS

0.00

0.00

3,011.00

0.00

0.00

3,011.00-

21 R 400 291 500000 426

GIFTS

0.00

0.00

8,836.00

0.00

0.00

8,836.00-

21 R 400 291 500000 430

GIFTS

0.00

80.00

179.86

0.00

0.00

179.86-

21 R 400 291 500000 443

GIFTS

0.00

213.00

755.00

0.00

0.00

755.00-

21 R 400 291 500000 444

GIFTS

0.00

6,229.71

31,299.92

0.00

0.00

31,299.92-

21 R 400 291 500000 448

GIFTS

0.00

0.00

25.00

0.00

0.00

25.00-

21 R 400 291 500000 459

GIFTS

0.00

37.11

123.66

0.00

0.00

123.66-

21 R 400 291 500000 465

GIFTS

0.00

0.00

648.00

0.00

0.00

648.00-

21 R 400 291 500000 475

GIFTS

0.00

0.00

1,791.50

0.00

0.00

1,791.50-

21 R 400 291 500000 482

GIFTS

0.00

100.00

375.00

0.00

0.00

375.00-

21 R 400 291 500000 483

GIFTS

0.00

0.00

180.00

0.00

0.00

180.00-

21 R 400 291 500000 484

GIFTS

0.00

571.00

2,706.00

0.00

0.00

2,706.00-

21 R 400 291 500000 490

GIFTS

0.00

90.00

745.00

0.00

0.00

745.00-

1,054.98-

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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MEDFORD AREA PUBLIC SCHOOL DISTRICT REVENUE BUDGET REPORT (Date: 12/2016)

Obj

12:05 PM 01/09/17 PAGE: 3

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Revised Budget

Monthly Revenue

FYTD Revenue

FYTD %

Balance

Unreceived Balance

21 R 400 291 500000 494

GIFTS

0.00

102.00

674.00

0.00

0.00

674.00-

21 R 400 291 500000 495

GIFTS

0.00

1,050.00

3,601.29

0.00

0.00

3,601.29-

21 R 400 291 500000 497

GIFTS

0.00

40.00

1,110.00

0.00

0.00

1,110.00-

21 R 800 291 500000 000

GIFTS

0.00

4,414.00

11,309.00

0.00

0.00

11,309.00-

21 R 800 291 500000 444

GIFTS

0.00

0.00

14,698.50

0.00

0.00

14,698.50-

21 R 800 291 500000 710

GIFTS

0.00

0.00

853.50

0.00

0.00

853.50-

21 R --- 2-- ------ ---

*REVENUE FROM LOCAL SOURC

0.00

28,397.52

130,052.08

0.00

0.00

130,052.08-

21 - --- --- ------ ---

*GIFT FUND

0.00

28,397.52

130,052.08

0.00

0.00

27 R 800 110 500000 000

TRANSFERS IN - GENERAL

2,458,751.00

0.00

0.00

0.00

0.00

2,458,751.00

27 R --- 1-- ------ ---

*OPERATING TRANSFERS - IN

2,458,751.00

0.00

0.00

0.00

0.00

2,458,751.00

27 R 800 347 500000 000

SPECIAL ED TUITION-OPEN E

40,000.00

0.00

0.00

0.00

0.00

40,000.00

27 R --- 3-- ------ ---

*INTERDIST PYMNTS WITHIN

40,000.00

0.00

0.00

0.00

0.00

40,000.00

27 R 800 517 500000 000

TRANSIT OF FEDERAL AIDS

122,885.00

0.00

0.00

0.00

0.00

122,885.00

27 R --- 5-- ------ ---

*REV FROM INTERMEDIATE SO

122,885.00

0.00

0.00

0.00

0.00

122,885.00

27 R 800 611 500000 011

HANDICAPPED AID

935,000.00

140,386.00

280,772.00

30.03

0.00

654,228.00

27 R --- 6-- ------ ---

*REVENUE FROM STATE SOURC

935,000.00

140,386.00

280,772.00

30.03

0.00

654,228.00

27 R 800 730 500000 341

SPECIAL PROJECT GRANT

408,839.00

0.00

130,973.84

32.04

0.00

277,865.16

27 R 800 730 500000 347

SPECIAL PROJECT GRANT

23,276.00

0.00

4,708.94

20.23

0.00

18,567.06

27 R --- 7-- ------ ---

*REVENUE FROM FEDERAL SOU

432,115.00

0.00

135,682.78

31.40

0.00

296,432.22

27 - --- --- ------ ---

*SPECIAL EDUCATION FUND

3,988,751.00

140,386.00

416,454.78

10.44

0.00

3,572,296.22

38 R 800 211 500000 000

PROPERTY TAX

162,055.00

0.00

162,055.00

100.00

0.00

0.00

38 R 800 280 500000 000

INTEREST ON INVESTMENTS

0.00

0.00

0.04

0.00

0.00

0.04-

38 R --- 2-- ------ ---

*REVENUE FROM LOCAL SOURC

162,055.00

0.00

162,055.04

100.00

0.00

0.04-

38 - --- --- ------ ---

*Non-Referendum Debt Serv

162,055.00

0.00

162,055.04

100.00

0.00

0.04-

39 R 800 211 500000 000

PROPERTY TAX

430,895.00

0.00

430,895.00

100.00

0.00

0.00

39 R 800 280 500000 000

INTEREST ON INVESTMENTS

0.00

48.89

100.60

0.00

0.00

100.60-

39 R --- 2-- ------ ---

*REVENUE FROM LOCAL SOURC

430,895.00

48.89

430,995.60

100.02

0.00

100.60-

39 - --- --- ------ ---

*REFERENDUM APPROVED DEBT

430,895.00

48.89

430,995.60

100.02

0.00

100.60-

44 R 800 280 500000 000

INTEREST ON INVESTMENTS

0.00

7,174.87

17,355.70

0.00

0.00

17,355.70-

44 R --- 2-- ------ ---

*REVENUE FROM LOCAL SOURC

0.00

7,174.87

17,355.70

0.00

0.00

17,355.70-

44 - --- --- ------ ---

*DISTRICT IMPROVMENTS 201

0.00

7,174.87

17,355.70

0.00

0.00

17,355.70-

130,052.08-

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

MEDFORD AREA PUBLIC SCHOOL DISTRICT REVENUE BUDGET REPORT (Date: 12/2016)

Obj

12:05 PM 01/09/17 PAGE: 4

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Revised Budget

Monthly Revenue

FYTD Revenue

FYTD %

Balance

50 R 800 251 257000 000

PUPILS

416,001.00

50 R 800 251 257210 000

PUPILS

14,439.00

50 R 800 251 257250 000

PUPILS

163,520.00

50 R 800 259 257000 000

OTHER FOOD SERVICE SALES

0.00

50 R 800 299 257000 000

MISCELLANEOUS LOCAL REVEN

25,484.00

50 R --- 2-- ------ ---

*REVENUE FROM LOCAL SOURC

50 R 800 617 257000 000 50 R 800 617 257210 000

0.00

Unreceived Balance

141,295.05

33.97

0.00

274,705.95

0.00

4,661.90

32.29

0.00

9,777.10

734.75

57,434.96

35.12

0.00

106,085.04

0.00

11,941.25

0.00

0.00

0.00

448.88

1.76

0.00

25,035.12

619,444.00

734.75

215,782.04

34.83

0.00

403,661.96

FOOD SERVICE AID - STATE

12,701.00

0.00

4,233.75

33.33

0.00

8,467.25

FOOD SERVICE AID - STATE

3,289.00

0.00

1,096.32

33.33

0.00

2,192.68

50 R 800 617 257240 000

FOOD SERVICE AID - STATE

3,276.00

0.00

1,092.12

33.34

0.00

2,183.88

50 R --- 6-- ------ ---

*REVENUE FROM STATE SOURC

19,266.00

0.00

6,422.19

33.33

0.00

12,843.81

50 R 800 714 257000 000

DONATED COMMODITIES

50 R 800 717 257000 000

FOOD SERVICE AID - FEDERA

50 R 800 717 257210 000 50 R --- 7-- ------ --50 - --- --- ------ ---

*FOOD SERVICE FUND

72 R 800 291 500000 000

GIFTS

72 R --- 2-- ------ ---

*REVENUE FROM LOCAL SOURC

72 - --- --- ------ ---

*PRIVATE PURPOSE (SCHOLAR

80 R 800 211 500000 000

PROPERTY TAX

80 R 800 240 500000 740

PAYMENT FOR SERVICES

80 R 800 272 500000 000 80 R 800 293 500000 000 80 R --- 2-- ------ ---

*REVENUE FROM LOCAL SOURC

80 - --- --- ------ ---

*COMMUNITY SERVICE FUND

99 R 800 110 410000 360

TRANSFERS IN - GENERAL

99 R 800 110 410000 394

TRANSFERS IN - GENERAL

99 R --- 1-- ------ ---

*OPERATING TRANSFERS - IN

99 R 800 340 500000 617

PAYMENTS FOR SERVICES

0.00

0.00

99 R 800 341 500000 360

GEN TUITION-NON-OPEN ENRO

911,038.00

17,834.00

99 R --- 3-- ------ ---

*INTERDIST PYMNTS WITHIN

911,038.00

17,834.00

99 - --- --- ------ ---

*OTHER PKG/COOP PROGRAM F

2,334,548.00

17,834.00

11,941.25-

75,377.00

0.00

28,058.26

37.22

0.00

47,318.74

402,872.00

0.00

131,472.90

32.63

0.00

271,399.10

FOOD SERVICE AID - FEDERA

67,115.00

0.00

18,439.52

27.47

0.00

48,675.48

*REVENUE FROM FEDERAL SOU

545,364.00

0.00

177,970.68

32.63

0.00

367,393.32

1,184,074.00

734.75

400,174.91

33.80

0.00

783,899.09

0.00

1,000.00

21,500.00

0.00

0.00

21,500.00-

0.00

1,000.00

21,500.00

0.00

0.00

21,500.0021,500.00-

0.00

1,000.00

21,500.00

0.00

0.00

234,335.00

0.00

234,335.00

100.00

0.00

0.00

42,749.00

2,790.00

14,877.50

34.80

0.00

27,871.50

COMMUNITY SERVICE FEES

0.00

0.00

71.00

0.00

0.00

RENTALS

0.00

0.00

80.00

0.00

0.00

277,084.00

2,790.00

249,363.50

90.00

0.00

71.0080.0027,720.50

277,084.00

2,790.00

249,363.50

90.00

0.00

27,720.50

1,216,349.00

0.00

0.00

0.00

0.00

1,216,349.00

207,161.00

0.00

0.00

0.00

0.00

207,161.00

1,423,510.00

0.00

0.00

0.00

0.00

1,423,510.00

1,250.00

0.00

0.00

101,202.00

11.11

0.00

809,836.00

102,452.00

11.25

0.00

808,586.00

102,452.00

4.39

0.00

2,232,096.00

1,250.00-

__________________________________________________________________________________________________________________________________________________________________________ Grand Revenue Totals

30,911,663.00

3,324,970.61

13,628,579.73

44.09

0.00

17,283,083.27

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

Number of Accounts:

MEDFORD AREA PUBLIC SCHOOL DISTRICT REVENUE BUDGET REPORT (Date: 12/2016)

Obj

12:05 PM 01/09/17 PAGE: 5

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unreceived

Revised Budget

Monthly Revenue

FYTD Revenue

FYTD %

Balance

Balance

103

************************ End of report ************************

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

10 E --- 1-- 110000 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

33.71

SALARIES

3,142,876.00

258,943.24

1,059,586.34

1,347,034.00

110,484.40

454,107.56

17,503.00

0.00

10,245.78

160,596.00

1,367.10

151,649.67

94.43

10 E --- 2-- 110000 ---

EMPLOYEE BENEFITS

10 E --- 3-- 110000 ---

PURCHASED SERVICES

10 E --- 4-- 110000 ---

NON-CAPITAL OBJECTS

3:07 PM 01/04/17 PAGE: 1 Unexpended Balance

0.00

2,083,289.66

2,083,289.66

33.71

0.00

892,926.44

892,926.44

58.54

6,613.91

643.31

7,257.22

5,749.57

3,196.76

8,946.33

10 E --- 5-- 110000 ---

CAPITAL OBJECTS

0.00

0.00

748.00

0.00

0.00

748.00-

748.00-

10 E --- 9-- 110000 ---

OTHER EXPENDITURES

0.00

0.00

750.00

0.00

0.00

750.00-

750.00-

10 E --- --- 110000 ---

UNDIFFERENTIATED CURRICU

4,668,009.00

370,794.74

1,677,087.35

35.93

12,363.48

2,978,558.17

2,990,921.65

10 E --- 1-- 120000 ---

SALARIES

19,769.00

0.00

0.00

0.00

0.00

19,769.00

19,769.00

10 E --- 2-- 120000 ---

EMPLOYEE BENEFITS

21,444.00

0.00

0.00

0.00

0.00

21,444.00

21,444.00

10 E --- --- 120000 ---

REGULAR CURRICULUM

41,213.00

0.00

0.00

0.00

0.00

41,213.00

41,213.00

10 E --- 1-- 121000 ---

SALARIES

195,315.00

16,276.10

64,872.11

33.21

0.00

130,442.89

130,442.89

10 E --- 2-- 121000 ---

EMPLOYEE BENEFITS

65,102.00

5,224.63

20,869.59

32.06

0.00

44,232.41

44,232.41

10 E --- 4-- 121000 ---

NON-CAPITAL OBJECTS

26,072.00

190.60

25,685.30

98.52

334.53

52.17

386.70

10 E --- 5-- 121000 ---

CAPITAL OBJECTS

2,899.00

0.00

499.00

17.21

2,345.00

55.00

2,400.00

10 E --- --- 121000 ---

ART

289,388.00

21,691.33

111,926.00

38.68

2,679.53

174,782.47

177,462.00

10 E --- 1-- 122000 ---

SALARIES

823,196.00

68,600.19

272,718.41

33.13

0.00

550,477.59

550,477.59

10 E --- 2-- 122000 ---

EMPLOYEE BENEFITS

405,155.00

33,751.10

135,185.79

33.37

0.00

269,969.21

269,969.21

10 E --- 3-- 122000 ---

PURCHASED SERVICES

10 E --- 4-- 122000 ---

NON-CAPITAL OBJECTS

10 E --- --- 122000 ---

ENGLISH LANGUAGE

3,500.00

226.26

1,291.86

36.91

0.00

12,444.00

9,071.10

17,147.98

137.80

3,867.79

1,244,295.00

111,648.65

426,344.04

34.26

3,867.79

2,208.14

2,208.14

8,571.77-

4,703.98-

814,083.17

817,950.96

10 E --- 1-- 122110 ---

SALARIES

39,551.00

3,744.16

14,339.18

36.25

0.00

25,211.82

25,211.82

10 E --- 2-- 122110 ---

EMPLOYEE BENEFITS

42,890.00

3,264.73

12,990.95

30.29

0.00

29,899.05

29,899.05

10 E --- --- 122110 ---

READING

82,441.00

7,008.89

27,330.13

33.15

0.00

55,110.87

55,110.87

10 E --- 1-- 122115 ---

SALARIES

56,429.00

6,067.48

23,187.59

41.09

0.00

33,241.41

33,241.41

10 E --- 2-- 122115 ---

EMPLOYEE BENEFITS

62,693.00

4,496.75

23,030.25

36.73

0.00

39,662.75

39,662.75

10 E --- 3-- 122115 ---

PURCHASED SERVICES

22,325.00

0.00

16,880.00

75.61

0.00

5,445.00

5,445.00

10 E --- 4-- 122115 ---

NON-CAPITAL OBJECTS

3,040.00

0.00

6,200.42

203.96

0.00

3,160.42-

3,160.42-

10 E --- --- 122115 ---

REMEDIATION

144,487.00

10,564.23

69,298.26

47.96

0.00

10 E --- 3-- 122600 ---

PURCHASED SERVICES

1,500.00

591.50

2,816.00

187.73

0.00

10 E --- 4-- 122600 ---

NON-CAPITAL OBJECTS

8,000.00

156.71

2,436.89

30.46

729.90

75,188.74

75,188.74

1,316.00-

1,316.00-

4,833.21

5,563.11

10 E --- 9-- 122600 ---

OTHER EXPENDITURES

1,800.00

0.00

2,635.00

146.39

0.00

10 E --- --- 122600 ---

DRAMA

11,300.00

748.21

7,887.89

69.80

729.90

2,682.21

835.00-

3,412.11

835.00-

10 E --- 1-- 123208 ---

SALARIES

54,998.00

4,583.18

18,332.56

33.33

0.00

36,665.44

36,665.44

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

10 E --- 2-- 123208 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj EMPLOYEE BENEFITS

10 E --- 3-- 123208 ---

PURCHASED SERVICES

10 E --- 4-- 123208 ---

NON-CAPITAL OBJECTS

10 E --- --- 123208 ---

FRENCH

10 E --- 1-- 123219 ---

SALARIES

10 E --- 2-- 123219 ---

EMPLOYEE BENEFITS

10 E --- 3-- 123219 ---

PURCHASED SERVICES

10 E --- 4-- 123219 ---

NON-CAPITAL OBJECTS

10 E --- --- 123219 ---

SPANISH

3:07 PM 01/04/17 PAGE: 2

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

17,157.00

1,387.82

5,551.25

32.36

0.00

11,605.75

Unexpended Balance 11,605.75

20.00

0.00

0.00

0.00

0.00

20.00

20.00

850.00

0.00

726.21

85.44

0.00

123.79

123.79

73,025.00

5,971.00

24,610.02

33.70

0.00

48,414.98

48,414.98

109,411.00

9,117.60

36,470.20

33.33

0.00

72,940.80

72,940.80

55,676.00

4,463.27

17,852.83

32.07

0.00

37,823.17

37,823.17

300.00

0.00

0.00

0.00

0.00

300.00

300.00

2,850.00

0.00

1,836.10

64.42

0.00

1,013.90

1,013.90

168,237.00

13,580.87

56,159.13

33.38

0.00

112,077.87

112,077.87

10 E --- 1-- 124000 ---

SALARIES

427,755.00

36,051.62

140,734.72

32.90

0.00

287,020.28

287,020.28

10 E --- 2-- 124000 ---

EMPLOYEE BENEFITS

230,463.00

17,595.92

69,886.29

30.32

0.00

160,576.71

160,576.71

458.00

458.00

10 E --- 3-- 124000 ---

PURCHASED SERVICES

10 E --- 4-- 124000 ---

NON-CAPITAL OBJECTS

500.00

0.00

42.00

8.40

0.00

3,335.00

184.05

3,357.24

100.67

350.85

10 E --- --- 124000 ---

MATHEMATICS

662,053.00

53,831.59

214,020.25

32.33

350.85

447,681.90

448,032.75

373.09-

22.24-

10 E --- 1-- 125400 ---

SALARIES

188,443.00

15,872.30

63,488.60

33.69

0.00

124,954.40

124,954.40

10 E --- 2-- 125400 ---

EMPLOYEE BENEFITS

86,349.00

6,890.49

27,564.44

31.92

0.00

58,784.56

58,784.56

10 E --- 3-- 125400 ---

PURCHASED SERVICES

7,748.00

100.00

3,672.70

47.40

985.00

3,090.30

4,075.30

10 E --- 4-- 125400 ---

NON-CAPITAL OBJECTS

16,298.00

865.81

6,424.13

39.42

6,807.62

3,066.25

9,873.87

10 E --- 5-- 125400 ---

CAPITAL OBJECTS

4,055.00

0.00

0.00

0.00

767.60

3,287.40

4,055.00

10 E --- 9-- 125400 ---

OTHER EXPENDITURES

2,160.00

123.00

1,155.20

53.48

0.00

1,004.80

1,004.80

10 E --- --- 125400 ---

VOCAL MUSIC

305,053.00

23,851.60

102,305.07

33.54

8,560.22

194,187.71

202,747.93

10 E --- 1-- 125500 ---

SALARIES

154,223.00

13,393.96

53,536.61

34.71

0.00

100,686.39

100,686.39

10 E --- 2-- 125500 ---

EMPLOYEE BENEFITS

64,464.00

5,227.70

20,905.45

32.43

0.00

43,558.55

43,558.55

10 E --- 3-- 125500 ---

PURCHASED SERVICES

8,700.00

204.97

2,312.01

26.57

4,992.99

1,395.00

6,387.99

10 E --- 4-- 125500 ---

NON-CAPITAL OBJECTS

11,172.00

687.32

5,550.16

49.68

4,247.91

1,373.93

5,621.84

10 E --- 5-- 125500 ---

CAPITAL OBJECTS

1,645.00

0.00

1,125.00

68.39

0.00

520.00

520.00

10 E --- 9-- 125500 ---

OTHER EXPENDITURES

1,980.00

0.00

467.80

23.63

0.00

1,512.20

1,512.20

10 E --- --- 125500 ---

INSTRUMENTAL MUSIC

242,184.00

19,513.95

83,897.03

34.64

9,240.90

149,046.07

158,286.97

10 E --- 1-- 126000 ---

SALARIES

443,537.00

36,562.34

147,788.43

33.32

0.00

295,748.57

295,748.57

10 E --- 2-- 126000 ---

EMPLOYEE BENEFITS

206,788.00

16,509.84

66,265.27

32.05

0.00

140,522.73

140,522.73

10 E --- 3-- 126000 ---

PURCHASED SERVICES

10 E --- 4-- 126000 ---

NON-CAPITAL OBJECTS

600.00

0.00

0.00

0.00

0.00

600.00

600.00

35,282.00

186.72

24,651.18

69.87

2,642.01

7,988.81

10,630.82

10 E --- --- 126000 ---

SCIENCE

686,207.00

53,258.90

238,704.88

34.79

2,642.01

444,860.11

447,502.12

10 E --- 1-- 127000 ---

SALARIES

325,619.00

27,535.52

112,056.61

34.41

0.00

213,562.39

213,562.39

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

10 E --- 2-- 127000 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj EMPLOYEE BENEFITS

10 E --- 3-- 127000 ---

PURCHASED SERVICES

10 E --- 4-- 127000 ---

NON-CAPITAL OBJECTS

3:07 PM 01/04/17 PAGE: 3

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

163,480.00

13,012.53

53,148.00

32.51

0.00

110,332.00

Unexpended Balance 110,332.00

0.00

0.00

950.76

0.00

0.00

950.76-

950.76-

42,634.00

80.00

48,478.71

113.71

1,000.00

6,844.71-

5,844.71-

10 E --- 5-- 127000 ---

CAPITAL OBJECTS

240.00

0.00

274.00

114.17

0.00

10 E --- 9-- 127000 ---

OTHER EXPENDITURES

250.00

0.00

100.00

40.00

0.00

150.00

34.00-

150.00

34.00-

10 E --- --- 127000 ---

SOCIAL SCIENCE

532,223.00

40,628.05

215,008.08

40.40

1,000.00

316,214.92

317,214.92

10 E --- 3-- 129000 ---

PURCHASED SERVICES

5,000.00

0.00

1,934.19

38.68

0.00

3,065.81

3,065.81

10 E --- --- 129000 ---

OTHER REGULAR CURRICULUM

5,000.00

0.00

1,934.19

38.68

0.00

3,065.81

3,065.81

10 E --- 3-- 129200 ---

PURCHASED SERVICES

1,000.00

0.00

0.00

0.00

0.00

1,000.00

1,000.00

10 E --- --- 129200 ---

YOUTH OPTIONS

1,000.00

0.00

0.00

0.00

0.00

1,000.00

1,000.00

10 E --- 3-- 129300 ---

PURCHASED SERVICES

10 E --- 4-- 129300 ---

NON-CAPITAL OBJECTS

5,249.00

0.00

0.00

0.00

0.00

5,249.00

5,249.00

28,410.00

618.94

8,111.74

28.55

5,798.00

14,500.26

20,298.26

10 E --- 5-- 129300 ---

CAPITAL OBJECTS

10,500.00

0.00

967.00

9.21

0.00

9,533.00

9,533.00

10 E --- --- 129300 ---

COMPUTER LITERACY

44,159.00

618.94

9,078.74

20.56

5,798.00

29,282.26

35,080.26

10 E --- 1-- 131000 ---

SALARIES

60,372.00

5,156.00

20,624.00

34.16

0.00

39,748.00

39,748.00

10 E --- 2-- 131000 ---

EMPLOYEE BENEFITS

39,252.00

3,136.05

12,544.19

31.96

0.00

26,707.81

26,707.81

10 E --- 3-- 131000 ---

PURCHASED SERVICES

10 E --- 4-- 131000 ---

NON-CAPITAL OBJECTS

10 E --- 9-- 131000 ---

OTHER EXPENDITURES

10 E --- --- 131000 ---

AGRICULTURE

0.00

0.00

860.00

0.00

0.00

6,000.00

22.50

662.56

11.04

987.91

860.004,349.53

860.005,337.44

500.00

0.00

133.00

26.60

0.00

367.00

367.00

106,124.00

8,314.55

34,823.75

32.81

987.91

70,312.34

71,300.25

10 E --- 1-- 132000 ---

SALARIES

82,997.00

5,362.98

21,451.66

25.85

0.00

61,545.34

61,545.34

10 E --- 2-- 132000 ---

EMPLOYEE BENEFITS

32,403.00

1,583.86

6,337.37

19.56

0.00

26,065.63

26,065.63

10 E --- 3-- 132000 ---

PURCHASED SERVICES

10 E --- 4-- 132000 ---

NON-CAPITAL OBJECTS

10 E --- 9-- 132000 ---

OTHER EXPENDITURES

10 E --- --- 132000 ---

BUSINESS OCCUPATIONS

1,800.00

0.00

525.11

29.17

0.00

1,274.89

1,274.89

12,875.00

0.00

1,005.04

7.81

2,000.00

9,869.96

11,869.96

1,600.00

0.00

0.00

0.00

0.00

1,600.00

1,600.00

131,675.00

6,946.84

29,319.18

22.27

2,000.00

100,355.82

102,355.82

10 E --- 1-- 133000 ---

SALARIES

0.00

1,553.38

6,213.46

0.00

0.00

6,213.46-

6,213.46-

10 E --- 2-- 133000 ---

EMPLOYEE BENEFITS

0.00

1,028.02

4,114.02

0.00

0.00

4,114.02-

4,114.02-

10 E --- --- 133000 ---

MARKETING EDUCATION

0.00

2,581.40

10,327.48

0.00

0.00

10,327.48-

10,327.48-

10 E --- 1-- 135000 ---

SALARIES

78,631.00

6,554.38

26,217.10

33.34

0.00

52,413.90

52,413.90

10 E --- 2-- 135000 ---

EMPLOYEE BENEFITS

43,359.00

3,471.45

13,885.19

32.02

0.00

29,473.81

29,473.81

10 E --- 3-- 135000 ---

PURCHASED SERVICES

10 E --- 4-- 135000 ---

NON-CAPITAL OBJECTS

700.00

0.00

1,129.40

161.34

65.00

11,315.00

460.99

2,828.37

25.00

3,944.74

494.404,541.89

429.408,486.63

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

10 E --- 5-- 135000 ---

CAPITAL OBJECTS

10 E --- --- 135000 ---

3:07 PM 01/04/17 PAGE: 4

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance 1,198.00-

Unexpended Balance

3,500.00

0.00

1,198.00

34.23

3,500.00

2,302.00

HOME ECONOMICS

137,505.00

10,486.82

45,258.06

32.91

7,509.74

84,737.20

92,246.94

10 E --- 1-- 136000 ---

SALARIES

204,503.00

17,091.94

68,367.48

33.43

0.00

136,135.52

136,135.52

10 E --- 2-- 136000 ---

EMPLOYEE BENEFITS

88,695.00

7,117.42

28,470.00

32.10

0.00

60,225.00

60,225.00

10 E --- 3-- 136000 ---

PURCHASED SERVICES

6,015.00

62.22

4,362.82

72.53

0.00

1,652.18

1,652.18

10 E --- 4-- 136000 ---

NON-CAPITAL OBJECTS

26,235.00

637.09

7,304.90

27.84

9,968.97

8,961.13

18,930.10

10 E --- 5-- 136000 ---

CAPITAL OBJECTS

10 E --- --- 136000 ---

TECHNOLOGY EDUCATION

4,300.00

0.00

1,941.40

45.15

0.00

2,358.60

2,358.60

329,748.00

24,908.67

110,446.60

33.49

9,968.97

209,332.43

219,301.40 1,568.93

10 E --- 1-- 138000 ---

SALARIES

14,000.00

2,517.73

12,431.07

88.79

0.00

1,568.93

10 E --- 2-- 138000 ---

EMPLOYEE BENEFITS

12,256.00

1,939.77

11,261.30

91.88

0.00

994.70

994.70

10 E --- --- 138000 ---

VOCATIONAL SPECIAL NEEDS

26,256.00

4,457.50

23,692.37

90.24

0.00

2,563.63

2,563.63

10 E --- 1-- 139000 ---

SALARIES

0.00

1,849.82

7,007.25

0.00

0.00

7,007.25-

7,007.25-

10 E --- --- 139000 ---

OTHER VOCATIONAL CURRICU

0.00

1,849.82

7,007.25

0.00

0.00

7,007.25-

7,007.25-

10 E --- 4-- 141000 ---

NON-CAPITAL OBJECTS

40.00

0.00

28.60

71.50

0.00

11.40

11.40

10 E --- --- 141000 ---

HEALTH EDUCATION

40.00

0.00

28.60

71.50

0.00

11.40

11.40

10 E --- 1-- 143000 ---

SALARIES

429,752.00

33,939.72

135,758.27

31.59

0.00

293,993.73

293,993.73

10 E --- 2-- 143000 ---

EMPLOYEE BENEFITS

185,061.00

13,901.63

55,608.83

30.05

0.00

129,452.17

129,452.17

675.00

136.15

1,006.72

149.14

5,925.51

6,257.23-

9,956.00

0.00

9,506.70

95.49

524.05

74.75-

10 E --- 3-- 143000 ---

PURCHASED SERVICES

10 E --- 4-- 143000 ---

NON-CAPITAL OBJECTS

10 E --- 5-- 143000 ---

CAPITAL OBJECTS

10 E --- --- 143000 ---

PHYSICAL EDUCATION

1,168.26-

331.72449.30

1,213.00

0.00

2,381.26

196.31

0.00

626,657.00

47,977.50

204,261.78

32.60

6,449.56

415,945.66

422,395.22

1,168.26-

21,500.00

1,599.24

7,846.83

36.50

0.00

13,653.17

13,653.17

2,350.00

222.32

1,089.27

46.35

0.00

1,260.73

1,260.73

143.50

143.50

10 E --- 1-- 161000 ---

SALARIES

10 E --- 2-- 161000 ---

EMPLOYEE BENEFITS

10 E --- 3-- 161000 ---

PURCHASED SERVICES

645.00

43.23

501.50

77.75

0.00

10 E --- 4-- 161000 ---

NON-CAPITAL OBJECTS

20.00

45.50

45.50

227.50

0.00

25.50-

10 E --- 9-- 161000 ---

OTHER EXPENDITURES

325.00

0.00

325.00

100.00

0.00

0.00

0.00

10 E --- --- 161000 ---

CO-CURRICULAR ACADEMIC

24,840.00

1,910.29

9,808.10

39.49

0.00

15,031.90

15,031.90 89,287.03

25.50-

10 E --- 1-- 162000 ---

SALARIES

140,000.00

4,118.11

50,712.97

36.22

0.00

89,287.03

10 E --- 2-- 162000 ---

EMPLOYEE BENEFITS

15,150.00

570.23

6,034.79

39.83

0.00

9,115.21

9,115.21

10 E --- 3-- 162000 ---

PURCHASED SERVICES

60,956.00

5,039.54

28,052.14

46.02

0.00

32,903.86

32,903.86

10 E --- 4-- 162000 ---

NON-CAPITAL OBJECTS

30,454.00

1,032.39

22,236.41

73.02

17,000.00

8,782.41-

8,217.59

10 E --- 5-- 162000 ---

CAPITAL OBJECTS

37,000.00

29,045.00

31,575.50

85.34

0.00

5,424.50

5,424.50

10 E --- 9-- 162000 ---

OTHER EXPENDITURES

10,500.00

1,810.00

7,430.00

70.76

0.00

3,070.00

3,070.00

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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10 E --- --- 162000 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj CO-CURRICULAR ATHLETICS

3:07 PM 01/04/17 PAGE: 5

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

294,060.00

41,615.27

146,041.81

49.66

Unexpended Balance

17,000.00

131,018.19

148,018.19 29,934.62

10 E --- 1-- 171000 ---

SALARIES

45,000.00

3,750.00

15,065.38

33.48

0.00

29,934.62

10 E --- 2-- 171000 ---

EMPLOYEE BENEFITS

15,699.00

2,036.30

8,154.51

51.94

0.00

7,544.49

7,544.49

10 E --- 3-- 171000 ---

PURCHASED SERVICES

25,177.00

3,064.00

14,002.62

55.62

0.00

11,174.38

11,174.38

10 E --- 4-- 171000 ---

NON-CAPITAL OBJECTS

10 E --- --- 171000 ---

CULTURALLY/SOCIALLY DISA

0.00

8.83

8.83

0.00

0.00

85,876.00

8,859.13

37,231.34

43.35

0.00

48,644.66

8.83-

48,644.66

8.83-

12,060.16

10 E --- 1-- 172000 ---

SALARIES

18,500.00

1,610.02

6,439.84

34.81

0.00

12,060.16

10 E --- 2-- 172000 ---

EMPLOYEE BENEFITS

12,847.00

1,015.69

4,062.50

31.62

0.00

8,784.50

8,784.50

10 E --- 3-- 172000 ---

PURCHASED SERVICES

1,300.00

0.00

19.23-

0.00

1,550.00

1,550.00

3,324.15

3,668.15

250.00-

10 E --- 4-- 172000 ---

NON-CAPITAL OBJECTS

7,526.00

198.80

3,857.85

51.26

344.00

10 E --- 9-- 172000 ---

OTHER EXPENDITURES

2,300.00

0.00

2,402.00

104.43

0.00

10 E --- --- 172000 ---

GIFTED AND TALENTED

42,473.00

2,824.51

16,512.19

38.88

344.00

25,616.81

25,960.81

10 E --- --- 1----- ---

INSTRUCTION

11,005,528.00

896,443.25

3,940,349.57

35.80

91,492.86

6,973,685.57

7,065,178.43

102.00-

102.00-

10 E --- 1-- 213000 ---

SALARIES

269,246.00

23,020.82

98,376.22

36.54

0.00

170,869.78

170,869.78

10 E --- 2-- 213000 ---

EMPLOYEE BENEFITS

108,657.00

8,855.35

40,778.69

37.53

0.00

67,878.31

67,878.31

10 E --- 3-- 213000 ---

PURCHASED SERVICES

3,825.00

162.24

652.24

17.05

0.00

3,172.76

3,172.76

10 E --- 4-- 213000 ---

NON-CAPITAL OBJECTS

4,438.00

239.68

471.87

10.63

2,877.77

1,088.36

3,966.13

10 E --- 5-- 213000 ---

CAPITAL OBJECTS

10 E --- --- 213000 ---

PUPIL SERVICES - GUIDANC

500.00

0.00

0.00

0.00

0.00

500.00

500.00

386,666.00

32,278.09

140,279.02

36.28

2,877.77

243,509.21

246,386.98

10 E --- 1-- 214000 ---

SALARIES

68,428.00

5,777.42

23,109.64

33.77

0.00

45,318.36

45,318.36

10 E --- 2-- 214000 ---

EMPLOYEE BENEFITS

30,282.00

2,404.46

9,618.09

31.76

0.00

20,663.91

20,663.91

10 E --- 3-- 214000 ---

PURCHASED SERVICES

10 E --- 4-- 214000 ---

NON-CAPITAL OBJECTS

10 E --- 9-- 214000 ---

OTHER EXPENDITURES

10 E --- --- 214000 ---

PUPIL SERVICES - NURSE

90.00

0.00

150.00

166.67

0.00

5,192.00

84.74

3,267.89

62.94

1,216.13

155.00

0.00

160.00

103.23

0.00

104,147.00

8,266.62

36,305.62

34.86

1,216.13

60.00707.98 5.0066,625.25

60.001,924.11 5.0067,841.38

10 E --- 1-- 219000 ---

SALARIES

39,538.00

4,324.73

17,921.00

45.33

0.00

21,617.00

21,617.00

10 E --- 2-- 219000 ---

EMPLOYEE BENEFITS

42,887.00

4,262.41

17,161.04

40.01

0.00

25,725.96

25,725.96

10 E --- 3-- 219000 ---

PURCHASED SERVICES

3,200.00

142.50

2,330.01

72.81

0.00

869.99

869.99

10 E --- 4-- 219000 ---

NON-CAPITAL OBJECTS

7,600.00

30.52

1,928.46

25.37

0.00

5,671.54

5,671.54

10 E --- 5-- 219000 ---

CAPITAL OBJECTS

10 E --- 9-- 219000 ---

OTHER EXPENDITURES

10 E --- --- 219000 ---

OTHER PUPIL SERVICES

10 E --- 1-- 221000 ---

SALARIES

0.00

0.00

387.00

0.00

0.00

387.00-

387.00-

500.00

0.00

0.00

0.00

0.00

500.00

500.00

93,725.00

8,760.16

39,727.51

42.39

0.00

53,997.49

53,997.49

0.00

0.00

669.38

0.00

0.00

669.38-

669.38-

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

10 E --- 2-- 221000 ---

EMPLOYEE BENEFITS

10 E --- 3-- 221000 ---

PURCHASED SERVICES

3:07 PM 01/04/17 PAGE: 6

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Unexpended

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Balance

93.00-

0.00

0.00

93.00

0.00

0.00

1,540.00

0.00

0.00

0.00

0.00

1,540.00

93.001,540.00

10 E --- 4-- 221000 ---

NON-CAPITAL OBJECTS

500.00

54.94

54.94

10.99

0.00

445.06

445.06

10 E --- 9-- 221000 ---

OTHER EXPENDITURES

3,000.00

0.00

0.00

0.00

0.00

3,000.00

3,000.00

10 E --- --- 221000 ---

IMPROVEMENT OF INSTRUCTI

5,040.00

54.94

817.32

16.22

0.00

4,222.68

4,222.68 2,267.89-

10 E --- 1-- 221100 ---

SALARIES

0.00

280.25

2,267.89

0.00

0.00

2,267.89-

10 E --- 2-- 221100 ---

EMPLOYEE BENEFITS

0.00

38.88

313.57

0.00

0.00

313.57-

313.57-

10 E --- --- 221100 ---

DIRECTION OF IMPROV OF I

0.00

319.13

2,581.46

0.00

0.00

2,581.46-

2,581.46-

10 E --- 1-- 221200 ---

SALARIES

10 E --- 2-- 221200 ---

EMPLOYEE BENEFITS

117,934.00

8,328.06

56,669.72

48.05

0.00

61,264.28

61,264.28

34,846.00

2,776.67

16,770.13

48.13

0.00

18,075.87

18,075.87

10 E --- 3-- 221200 ---

PURCHASED SERVICES

28,000.00

3,207.33

20,004.95

71.45

2,500.00

5,495.05

7,995.05

10 E --- 4-- 221200 ---

NON-CAPITAL OBJECTS

16,640.00

0.00

412.69

2.48

0.00

16,227.31

16,227.31

10 E --- 9-- 221200 ---

OTHER EXPENDITURES

10 E --- --- 221200 ---

CURRICULUM DEVELOPMENT

800.00

0.00

4,115.00

514.38

0.00

198,220.00

14,312.06

97,972.49

49.43

2,500.00

3,315.0097,747.51

3,315.00100,247.51

10 E --- 1-- 221300 ---

SALARIES

0.00

0.00

14,859.35

0.00

0.00

14,859.35-

10 E --- 2-- 221300 ---

EMPLOYEE BENEFITS

10,000.00

375.00

11,812.71

118.13

0.00

1,812.71-

1,812.71-

10 E --- 3-- 221300 ---

PURCHASED SERVICES

3,800.00

227.99

16,724.19

440.11

2,800.00

15,724.19-

12,924.19-

10 E --- 4-- 221300 ---

NON-CAPITAL OBJECTS

10 E --- --- 221300 ---

INSTRUCTIONAL STAFF TRAI

3,365.00

26.64

3,203.17

95.19

0.00

17,165.00

629.63

46,599.42

271.48

2,800.00

161.83 32,234.42-

14,859.35-

161.83 29,434.42-

10 E --- 1-- 221900 ---

SALARIES

36,540.00

0.00

5,040.00

13.79

0.00

31,500.00

31,500.00

10 E --- 2-- 221900 ---

EMPLOYEE BENEFITS

25,750.00

0.00

3,983.25

15.47

0.00

21,766.75

21,766.75

10 E --- --- 221900 ---

OTHER IMPROVEMENT OF INS

62,290.00

0.00

9,023.25

14.49

0.00

53,266.75

53,266.75 144,386.83

10 E --- 1-- 222200 ---

SALARIES

225,822.00

20,016.30

81,435.17

36.06

0.00

144,386.83

10 E --- 2-- 222200 ---

EMPLOYEE BENEFITS

150,980.00

13,608.12

54,650.98

36.20

0.00

96,329.02

96,329.02

10 E --- 4-- 222200 ---

NON-CAPITAL OBJECTS

85,951.00

13,464.25

54,704.37

63.65

17,144.62

14,102.01

31,246.63 2,347.66

10 E --- 5-- 222200 ---

CAPITAL OBJECTS

3,000.00

0.00

652.34

21.74

0.00

2,347.66

10 E --- 9-- 222200 ---

OTHER EXPENDITURES

1,019.00

0.00

896.00

87.93

0.00

123.00

123.00

10 E --- --- 222200 ---

SCHOOL LIBRARY

466,772.00

47,088.67

192,338.86

41.21

17,144.62

257,288.52

274,433.14

10 E --- 1-- 222300 ---

SALARIES

39,087.00

4,083.30

21,396.96

54.74

0.00

17,690.04

17,690.04

10 E --- 2-- 222300 ---

EMPLOYEE BENEFITS

24,756.00

2,098.96

12,155.65

49.10

0.00

12,600.35

12,600.35

10 E --- 3-- 222300 ---

PURCHASED SERVICES

10 E --- 4-- 222300 ---

NON-CAPITAL OBJECTS

10 E --- 5-- 222300 ---

CAPITAL OBJECTS

10 E --- --- 222300 ---

AUDIOVISUAL

680.00

0.00

0.00

0.00

0.00

2,643.00

184.59

1,149.08

43.48

10,275.94

680.00 8,782.02-

680.00 1,493.92

7,700.00

0.00

5,009.50

65.06

0.00

2,690.50

2,690.50

74,866.00

6,366.85

39,711.19

53.04

10,275.94

24,878.87

35,154.81

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

10 E --- 1-- 223700 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

SALARIES

22,412.00

1,865.82

8,031.18

35.83

11,978.00

959.40

3,918.19

980.00

0.00

0.00

35,370.00

2,825.22

11,949.37

10 E --- 2-- 223700 ---

EMPLOYEE BENEFITS

10 E --- 3-- 223700 ---

PURCHASED SERVICES

10 E --- --- 223700 ---

SUP/COOR VOC ED - LVEC

3:07 PM 01/04/17 PAGE: 7 Unexpended Balance

0.00

14,380.82

14,380.82

32.71

0.00

8,059.81

8,059.81

0.00

0.00

980.00

980.00

33.78

0.00

23,420.63

23,420.63

10 E --- 1-- 223900 ---

SALARIES

36,237.00

6,692.21

32,544.76

89.81

0.00

3,692.24

3,692.24

10 E --- 2-- 223900 ---

EMPLOYEE BENEFITS

25,509.00

3,895.86

19,543.49

76.61

0.00

5,965.51

5,965.51

10 E --- 3-- 223900 ---

PURCHASED SERVICES

10 E --- 4-- 223900 ---

NON-CAPITAL OBJECTS

10 E --- 9-- 223900 ---

OTHER EXPENDITURES

10 E --- --- 223900 ---

SUPERVISION AND COORD-OT

10 E --- 1-- 229000 ---

SALARIES

10 E --- 2-- 229000 ---

EMPLOYEE BENEFITS

10 E --- 3-- 229000 ---

PURCHASED SERVICES

10 E --- 4-- 229000 ---

NON-CAPITAL OBJECTS

10 E --- 5-- 229000 ---

CAPITAL OBJECTS

10 E --- --- 229000 ---

OTHER INSTRUCTIONAL STAF

10 E --- 1-- 231000 ---

SALARIES

10 E --- 2-- 231000 ---

EMPLOYEE BENEFITS

10 E --- 3-- 231000 ---

PURCHASED SERVICES

500.00

0.00

0.00

0.00

0.00

500.00

500.00

3,538.00

0.00

161.94

4.58

0.00

3,376.06

3,376.06

1,100.00

0.00

1,431.00

130.09

0.00

66,884.00

10,588.07

53,681.19

80.26

0.00

331.00-

105,078.00

11,387.98

69,062.96

65.73

0.00

36,015.04

36,015.04

41,883.00

5,257.14

28,388.02

67.78

0.00

13,494.98

13,494.98

13,202.81

331.0013,202.81

15,700.00

560.45

7,036.60

44.82

0.00

8,663.40

8,663.40

224,073.00

12,834.02

214,593.17

95.77

0.00

9,479.83

9,479.83

75,700.00

0.00

7,114.00

9.40

40,306.74

28,279.26

68,586.00

462,434.00

30,039.59

326,194.75

70.54

40,306.74

95,932.51

136,239.25

18,500.00

915.00

7,815.00

42.24

0.00

10,685.00

10,685.00

1,500.00

70.00

597.89

39.86

0.00

902.11

902.11

25,000.00

3,646.30

16,500.82

66.00

0.00

8,499.18

8,499.18

1,912.06

1,912.06

10 E --- 4-- 231000 ---

NON-CAPITAL OBJECTS

4,700.00

146.85

2,787.94

59.32

0.00

10 E --- 9-- 231000 ---

OTHER EXPENDITURES

5,700.00

0.00

5,982.00

104.95

0.00

10 E --- --- 231000 ---

BOARD OF EDUCATION

55,400.00

4,778.15

33,683.65

60.80

0.00

282.0021,716.35

282.0021,716.35

10 E --- 3-- 231500 ---

PURCHASED SERVICES

14,900.00

207.72

6,020.22

40.40

0.00

8,879.78

8,879.78

10 E --- --- 231500 ---

BOARD OF EDUCATION - LEG

14,900.00

207.72

6,020.22

40.40

0.00

8,879.78

8,879.78

168,868.00

14,473.02

85,950.90

50.90

0.00

82,917.10

82,917.10

63,616.00

4,478.66

30,066.30

47.26

0.00

33,549.70

33,549.70

10 E --- 1-- 232000 ---

SALARIES

10 E --- 2-- 232000 ---

EMPLOYEE BENEFITS

10 E --- 3-- 232000 ---

PURCHASED SERVICES

2,500.00

1,202.06

3,043.62

121.74

0.00

10 E --- 4-- 232000 ---

NON-CAPITAL OBJECTS

3,400.00

219.00

1,815.42

53.39

207.12

10 E --- 5-- 232000 ---

CAPITAL OBJECTS

10 E --- 9-- 232000 ---

OTHER EXPENDITURES

10 E --- --- 232000 ---

CENTRAL ADMINISTRATION

543.621,377.46

543.621,584.58

0.00

0.00

660.00

0.00

0.00

660.00-

660.00-

2,300.00

0.00

2,400.00

104.35

0.00

100.00-

100.00-

240,684.00

20,372.74

123,936.24

51.49

207.12

116,540.64

116,747.76

10 E --- 1-- 240000 ---

SALARIES

766,698.00

62,470.83

360,597.40

47.03

0.00

406,100.60

406,100.60

10 E --- 2-- 240000 ---

EMPLOYEE BENEFITS

317,987.00

25,063.94

147,519.17

46.39

0.00

170,467.83

170,467.83

10 E --- 3-- 240000 ---

PURCHASED SERVICES

60,591.00

722.72

46,426.17

76.62

200.00

13,964.83

14,164.83

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

10 E --- 4-- 240000 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj NON-CAPITAL OBJECTS

3:07 PM 01/04/17 PAGE: 8

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

62,053.00

1,742.23

49,108.58

79.14

600.00

Unexpended Balance

12,344.42

12,944.42

14,243.15-

14,243.15-

10 E --- 5-- 240000 ---

CAPITAL OBJECTS

3,000.00

706.95

17,243.15

574.77

0.00

10 E --- 9-- 240000 ---

OTHER EXPENDITURES

2,500.00

343.00

2,213.00

88.52

0.00

287.00

287.00

10 E --- --- 240000 ---

BUILDING ADMINISTRATION

1,212,829.00

91,049.67

623,107.47

51.38

800.00

588,921.53

589,721.53

186,048.00

15,115.33

87,569.88

47.07

0.00

98,478.12

98,478.12

74,063.00

5,897.16

34,946.52

47.18

0.00

39,116.48

39,116.48

10 E --- 1-- 252000 ---

SALARIES

10 E --- 2-- 252000 ---

EMPLOYEE BENEFITS

10 E --- 3-- 252000 ---

PURCHASED SERVICES

10 E --- 4-- 252000 ---

NON-CAPITAL OBJECTS

10 E --- 9-- 252000 ---

OTHER EXPENDITURES

10 E --- --- 252000 ---

FISCAL

2,500.00

0.00

965.77

38.63

0.00

1,534.23

1,534.23

47,065.00

0.00

45,483.00

96.64

512.99

1,069.01

1,582.00

6,435.00

0.00

2,733.69

42.48

0.00

3,701.31

3,701.31

316,111.00

21,012.49

171,698.86

54.32

512.99

143,899.15

144,412.14

10 E --- 1-- 253000 ---

SALARIES

555,816.00

45,136.77

284,585.93

51.20

0.00

271,230.07

271,230.07

10 E --- 2-- 253000 ---

EMPLOYEE BENEFITS

291,767.00

23,864.84

143,142.87

49.06

0.00

148,624.13

148,624.13

327,267.74

328,682.19

10 E --- 3-- 253000 ---

PURCHASED SERVICES

472,850.00

37,578.81

144,167.81

30.49

1,414.45

10 E --- 4-- 253000 ---

NON-CAPITAL OBJECTS

86,095.00

5,352.41

117,646.10

136.65

42,920.20

74,471.30-

31,551.10-

10 E --- 5-- 253000 ---

CAPITAL OBJECTS

0.00

140.00

1,243.55

0.00

0.00

1,243.55-

1,243.55-

10 E --- 9-- 253000 ---

OTHER EXPENDITURES

1,035.00

45.00

751.78

72.64

0.00

283.22

283.22

10 E --- --- 253000 ---

OPERATION

1,407,563.00

112,117.83

691,538.04

49.13

44,334.65

671,690.31

716,024.96

10 E --- 1-- 254000 ---

SALARIES

35,914.00

3,162.65

17,060.25

47.50

0.00

18,853.75

18,853.75

10 E --- 2-- 254000 ---

EMPLOYEE BENEFITS

25,665.00

1,940.34

11,933.18

46.50

0.00

13,731.82

13,731.82

10 E --- 3-- 254000 ---

PURCHASED SERVICES

304,950.00

2,008.05

243,299.09

79.78

3,719.14

57,931.77

61,650.91

10 E --- 4-- 254000 ---

NON-CAPITAL OBJECTS

65,775.00

2,297.01

17,437.12

26.51

428.25

47,909.63

48,337.88

97,291.00

101.00

127,642.99

131.20

6,414.99

36,766.98-

30,351.99-

650.00

0.00

10.00

1.54

0.00

640.00

640.00

530,245.00

9,509.05

417,382.63

78.72

10,562.38

102,299.99

112,862.37

10 E --- 5-- 254000 ---

CAPITAL OBJECTS

10 E --- 9-- 254000 ---

OTHER EXPENDITURES

10 E --- --- 254000 ---

MAINTENANCE

10 E --- 3-- 255000 ---

PURCHASED SERVICES

0.00

0.00

13,987.00

0.00

0.00

13,987.00-

13,987.00-

10 E --- --- 255000 ---

FACILITY ACQUISITION/REM

0.00

0.00

13,987.00

0.00

0.00

13,987.00-

13,987.00-

997,123.00

97,095.20

290,805.00

29.16

0.00

0.00

0.00

1,351.14

0.00

0.00

997,123.00

97,095.20

292,156.14

29.30

0.00

10 E --- 3-- 256710 ---

PURCHASED SERVICES

10 E --- 4-- 256710 ---

NON-CAPITAL OBJECTS

10 E --- --- 256710 ---

CONTR TRANSPORTATION-FLE

706,318.00 1,351.14704,966.86

706,318.00 1,351.14704,966.86

10 E --- 3-- 256720 ---

PURCHASED SERVICES

10,000.00

401.49

2,854.52

28.55

0.00

7,145.48

7,145.48

10 E --- --- 256720 ---

SHUTTLE SERVICE

10,000.00

401.49

2,854.52

28.55

0.00

7,145.48

7,145.48

10 E --- 3-- 256741 ---

PURCHASED SERVICES

16,000.00

1,392.14

3,656.44

22.85

0.00

12,343.56

12,343.56

10 E --- --- 256741 ---

OTHER CO-CURRICULAR TRAV

16,000.00

1,392.14

3,656.44

22.85

0.00

12,343.56

12,343.56

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

3:07 PM 01/04/17 PAGE: 9

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Unexpended Balance

10 E --- 3-- 256742 ---

PURCHASED SERVICES

82,840.00

3,122.38

29,150.24

35.19

0.00

53,689.76

53,689.76

10 E --- --- 256742 ---

ATHLETIC TRANSPORTATION

82,840.00

3,122.38

29,150.24

35.19

0.00

53,689.76

53,689.76

10 E --- 3-- 256770 ---

PURCHASED SERVICES

22,100.00

1,507.75

2,949.23

13.34

0.00

19,150.77

19,150.77

10 E --- --- 256770 ---

FIELD TRIPS

22,100.00

1,507.75

2,949.23

13.34

0.00

19,150.77

19,150.77

10 E --- 2-- 259000 ---

EMPLOYEE BENEFITS

62,400.00

60,337.00

60,337.00

96.69

0.00

2,063.00

2,063.00

10 E --- --- 259000 ---

OTHER BUSINESS ADMINISTR

62,400.00

60,337.00

60,337.00

96.69

0.00

2,063.00

2,063.00

61,633.39

62,128.88

10 E --- 3-- 260000 ---

PURCHASED SERVICES

162,800.00

10,945.57

100,671.12

61.84

495.49

10 E --- 4-- 260000 ---

NON-CAPITAL OBJECTS

26,200.00

36.08

27,425.45

104.68

165.84

10 E --- 5-- 260000 ---

CAPITAL OBJECTS

10,000.00

0.00

0.00

0.00

0.00

10,000.00

10,000.00

10 E --- --- 260000 ---

CENTRAL SERVICES

199,000.00

10,981.65

128,096.57

64.37

661.33

70,242.10

70,903.43

1,391.29-

1,225.45-

10 E --- 7-- 270000 ---

INSURANCE AND JUDGEMENTS

182,000.00

17,785.12

91,351.32

50.19

0.00

90,648.68

90,648.68

10 E --- --- 270000 ---

INSURANCE AND JUDGMENTS

182,000.00

17,785.12

91,351.32

50.19

0.00

90,648.68

90,648.68

10 E --- 6-- 280000 ---

DEBT REITREMENT

10,000.00

1,743.75

1,743.75

17.44

0.00

8,256.25

8,256.25

10 E --- --- 280000 ---

DEBT SERVICES

10,000.00

1,743.75

1,743.75

17.44

0.00

8,256.25

8,256.25

10 E --- 3-- 292000 ---

PURCHASED SERVICES

3,920.00

0.00

1,960.00

50.00

0.00

1,960.00

1,960.00

10 E --- --- 292000 ---

CESA GENERAL ADMINISTRAT

3,920.00

0.00

1,960.00

50.00

0.00

1,960.00

1,960.00

10 E --- --- 2----- ---

SUPPORT SERVICES

7,336,694.00

614,943.16

3,692,790.77

50.33

134,199.67

3,509,703.56

3,643,903.23

10 E --- 8-- 410000 ---

OPERATING TRANSFER - OUT

3,882,261.00

0.00

0.00

0.00

0.00

3,882,261.00

3,882,261.00

10 E --- --- 410000 ---

INTERFUND OPERATING TRAN

3,882,261.00

0.00

0.00

0.00

0.00

3,882,261.00

3,882,261.00

10 E --- 3-- 435000 ---

PURCHASED SERVICES

178,500.00

0.00

0.00

0.00

0.00

178,500.00

178,500.00

10 E --- --- 435000 ---

OPEN ENROLLMENT PAYMENTS

178,500.00

0.00

0.00

0.00

0.00

178,500.00

178,500.00

10 E --- 9-- 490000 ---

OTHER EXPENDITURES

1,500.00

0.00

0.00

0.00

0.00

1,500.00

1,500.00

10 E --- --- 490000 ---

OTHER NON-PROGRAM TRANSA

1,500.00

0.00

0.00

0.00

0.00

1,500.00

1,500.00

10 E --- --- 4----- ---

NON-PROGRAM TRANSACTIONS

4,062,261.00

0.00

0.00

0.00

0.00

4,062,261.00

4,062,261.00

10 - --- --- ------ ---

GENERAL FUND

22,404,483.00

1,511,386.41

7,633,140.34

34.07

225,692.53

14,545,650.13

14,771,342.66

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

21 E --- 2-- 110000 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj EMPLOYEE BENEFITS

3:07 PM 01/04/17 PAGE: 10

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Balance

0.00

0.00

300.00-

300.00-

0.00

0.00

300.00

Unexpended

21 E --- 4-- 110000 ---

NON-CAPITAL OBJECTS

0.00

0.00

3,445.57

0.00

548.99

3,994.56-

3,445.57-

21 E --- --- 110000 ---

UNDIFFERENTIATED CURRICU

0.00

0.00

3,745.57

0.00

548.99

4,294.56-

3,745.57-

21 E --- 2-- 126000 ---

EMPLOYEE BENEFITS

0.00

0.00

200.00

0.00

0.00

200.00-

200.00-

21 E --- 4-- 126000 ---

NON-CAPITAL OBJECTS

0.00

0.00

607.57

0.00

310.00

917.57-

607.57-

21 E --- --- 126000 ---

SCIENCE

0.00

0.00

807.57

0.00

310.00

1,117.57-

807.57-

21 E --- 4-- 152000 ---

NON-CAPITAL OBJECTS

0.00

0.00

340.04-

0.00

0.00

340.04

340.04

21 E --- --- 152000 ---

EARLY CHILDHOOD

0.00

0.00

340.04-

0.00

0.00

340.04

340.04

21 E --- 4-- 172000 ---

NON-CAPITAL OBJECTS

0.00

0.00

386.29

0.00

0.00

386.29-

386.29-

21 E --- --- 172000 ---

GIFTED AND TALENTED

0.00

0.00

386.29

0.00

0.00

386.29-

386.29-

21 E --- --- 1----- ---

INSTRUCTION

0.00

0.00

4,599.39

0.00

858.99

5,458.38-

4,599.39-

21 E --- 4-- 215000 ---

NON-CAPITAL OBJECTS

0.00

0.00

0.00

0.00

353.50

353.50-

0.00

21 E --- --- 215000 ---

PSYCHOLOGICAL SERVICES

0.00

0.00

0.00

0.00

353.50

353.50-

0.00

21 E --- 3-- 240000 ---

PURCHASED SERVICES

0.00

1,150.00

25,242.73

0.00

0.00

25,242.73-

25,242.73-

21 E --- 4-- 240000 ---

NON-CAPITAL OBJECTS

0.00

7,905.50

98,417.19

0.00

4,251.91

102,669.10-

98,417.1911,719.59-

21 E --- 5-- 240000 ---

CAPITAL OBJECTS

0.00

627.10

11,719.59

0.00

0.00

11,719.59-

21 E --- 9-- 240000 ---

OTHER EXPENDITURES

0.00

955.50

7,458.29

0.00

169.00

7,627.29-

7,458.29-

21 E --- --- 240000 ---

BUILDING ADMINISTRATION

0.00

10,638.10

142,837.80

0.00

4,420.91

147,258.71-

142,837.80-

21 E --- --- 2----- ---

SUPPORT SERVICES

0.00

10,638.10

142,837.80

0.00

4,774.41

147,612.21-

142,837.80-

21 - --- --- ------ ---

GIFT FUND

0.00

10,638.10

147,437.19

0.00

5,633.40

153,070.59-

147,437.19-

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

3:07 PM 01/04/17 PAGE: 11

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Unexpended Balance

27 E --- 3-- 138200 ---

PURCHASED SERVICES

0.00

0.00

2,595.00

0.00

9,405.00

12,000.00-

2,595.00-

27 E --- --- 138200 ---

VOC SPEC NEEDS - HANDICA

0.00

0.00

2,595.00

0.00

9,405.00

12,000.00-

2,595.00-

27 E --- 1-- 143000 ---

SALARIES

27 E --- 2-- 143000 ---

EMPLOYEE BENEFITS

27 E --- --- 143000 ---

PHYSICAL EDUCATION

18,297.00

980.30

6,861.67

37.50

0.00

11,435.33

9,494.00

498.08

3,486.45

36.72

0.00

6,007.55

11,435.33 6,007.55

27,791.00

1,478.38

10,348.12

37.24

0.00

17,442.88

17,442.88

27 E --- 1-- 152000 ---

SALARIES

43,569.00

3,630.76

14,522.92

33.33

0.00

29,046.08

29,046.08

27 E --- 2-- 152000 ---

EMPLOYEE BENEFITS

26,653.00

2,049.06

8,197.99

30.76

0.00

18,455.01

18,455.01

27 E --- 3-- 152000 ---

PURCHASED SERVICES

500.00

0.00

25.00

5.00

0.00

475.00

475.00

27 E --- 4-- 152000 ---

NON-CAPITAL OBJECTS

6,000.00

565.05

5,466.98

91.12

196.88

336.14

533.02

9,000.00

0.00

0.00

0.00

0.00

9,000.00

9,000.00

225.00

0.00

0.00

0.00

0.00

225.00

225.00

85,947.00

6,244.87

28,212.89

32.83

196.88

57,537.23

57,734.11 21,722.09

27 E --- 5-- 152000 ---

CAPITAL OBJECTS

27 E --- 9-- 152000 ---

OTHER EXPENDITURES

27 E --- --- 152000 ---

EARLY CHILDHOOD

27 E --- 1-- 156110 ---

SALARIES

33,169.00

3,031.72

11,446.91

34.51

0.00

21,722.09

27 E --- 2-- 156110 ---

EMPLOYEE BENEFITS

13,234.00

1,263.62

4,961.24

37.49

0.00

8,272.76

8,272.76

27 E --- 3-- 156110 ---

PURCHASED SERVICES

30,000.00

0.00

16,195.50

53.99

0.00

13,804.50

13,804.50

27 E --- 5-- 156110 ---

CAPITAL OBJECTS

27 E --- --- 156110 ---

HEARING IMPAIRMENT

27 E --- 1-- 156600 ---

SALARIES

27 E --- 2-- 156600 ---

EMPLOYEE BENEFITS

27 E --- 3-- 156600 ---

PURCHASED SERVICES

27 E --- 4-- 156600 ---

NON-CAPITAL OBJECTS

27 E --- 5-- 156600 ---

CAPITAL OBJECTS

27 E --- 9-- 156600 ---

OTHER EXPENDITURES

27 E --- --- 156600 ---

SPEECH/LANGUAGE

27 E --- 3-- 156700 ---

PURCHASED SERVICES

27 E --- 5-- 156700 ---

CAPITAL OBJECTS

27 E --- --- 156700 ---

VISUALLY IMPAIRED

3,000.00

0.00

0.00

0.00

0.00

3,000.00

3,000.00

79,403.00

4,295.34

32,603.65

41.06

0.00

46,799.35

46,799.35

143,132.00

11,633.68

47,327.25

33.07

0.00

95,804.75

95,804.75

79,709.00

4,849.50

21,571.94

27.06

0.00

58,137.06

58,137.06

0.00

60.00

3,620.98

0.00

0.00

4,000.00

0.00

2,492.13

62.30

529.90

3,620.98977.97 6,612.78-

3,620.981,507.87

0.00

1,847.39

5,592.78

0.00

1,020.00

500.00

250.00

250.00

50.00

0.00

250.00

5,592.78250.00

227,341.00

18,640.57

80,855.08

35.57

1,549.90

144,936.02

146,485.92

10,000.00

0.00

3,430.50

34.31

0.00

6,569.50

6,569.50

2,000.00

0.00

0.00

0.00

0.00

2,000.00

2,000.00

12,000.00

0.00

3,430.50

28.59

0.00

8,569.50

8,569.50

27 E --- 9-- 158200 ---

OTHER EXPENDITURES

0.00

0.00

425.00

0.00

0.00

425.00-

425.00-

27 E --- --- 158200 ---

LEARNING DISABILITIES

0.00

0.00

425.00

0.00

0.00

425.00-

425.00-

27 E --- 3-- 158320 ---

PURCHASED SERVICES

3,000.00

0.00

0.00

0.00

0.00

3,000.00

3,000.00

27 E --- --- 158320 ---

COGNITIVELY DISABLED SEV

3,000.00

0.00

0.00

0.00

0.00

3,000.00

3,000.00

27 E --- 1-- 158700 ---

SALARIES

1,166,552.00

90,095.30

362,757.62

31.10

0.00

803,794.38

803,794.38

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

Prj

27 E --- 2-- 158700 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj EMPLOYEE BENEFITS

27 E --- 3-- 158700 ---

PURCHASED SERVICES

27 E --- 4-- 158700 ---

NON-CAPITAL OBJECTS

27 E --- 5-- 158700 ---

CAPITAL OBJECTS

27 E --- 9-- 158700 ---

OTHER EXPENDITURES

27 E --- --- 158700 ---

CROSS CATEGORICAL

3:07 PM 01/04/17 PAGE: 12

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

545,860.00

44,943.42

180,651.49

33.09

0.00

365,208.51

Unexpended Balance 365,208.51

10,500.00

3,301.43

26,815.92

255.39

0.00

16,315.92-

16,315.92-

106,571.00

2,174.14

36,905.65

34.63

7,531.95

62,133.40

69,665.35

18,000.00

0.00

12,634.90

70.19

1,139.69

4,225.41

5,365.10

0.00

0.00

301.37

0.00

0.00

1,847,483.00

140,514.29

620,066.95

33.56

8,671.64

301.371,218,744.41

301.371,227,416.05

27 E --- 3-- 158777 ---

PURCHASED SERVICES

0.00

0.00

6,166.80

0.00

0.00

6,166.80-

6,166.80-

27 E --- 4-- 158777 ---

NON-CAPITAL OBJECTS

0.00

691.06

9,002.37

0.00

328.90

9,331.27-

9,002.37-

27 E --- --- 158777 ---

RVA CROSS CATEGORICAL

0.00

691.06

15,169.17

0.00

328.90

15,498.07-

15,169.17-

18,708.00

2,023.36

7,688.05

41.09

0.00

11,019.95

11,019.95

3,949.00

428.41

1,655.82

41.93

0.00

2,293.18

2,293.18

22,657.00

2,451.77

9,343.87

41.24

0.00

13,313.13

13,313.13

27 E --- 1-- 159120 ---

SALARIES

27 E --- 2-- 159120 ---

EMPLOYEE BENEFITS

27 E --- --- 159120 ---

EARLY CHILDHOOD - ASST

27 E --- 1-- 159138 ---

SALARIES

18,708.00

2,865.83

10,842.93

57.96

0.00

7,865.07

7,865.07

27 E --- 2-- 159138 ---

EMPLOYEE BENEFITS

21,289.00

2,292.72

9,098.23

42.74

0.00

12,190.77

12,190.77

27 E --- --- 159138 ---

VOCATIONAL SPEC NEEDS -

39,997.00

5,158.55

19,941.16

49.86

0.00

20,055.84

20,055.84

27 E --- 1-- 159180 ---

SALARIES

446,835.00

46,628.51

172,677.50

38.64

0.00

274,157.50

274,157.50

27 E --- 2-- 159180 ---

EMPLOYEE BENEFITS

301,733.00

31,128.34

124,285.63

41.19

0.00

177,447.37

177,447.37

27 E --- --- 159180 ---

CROSS CATEGORICAL - ASST

748,568.00

77,756.85

296,963.13

39.67

0.00

451,604.87

451,604.87

27 E --- 1-- 159300 ---

SALARIES

0.00

980.30

980.30

0.00

0.00

980.30-

980.30-

27 E --- 2-- 159300 ---

EMPLOYEE BENEFITS

0.00

498.08

498.08

0.00

0.00

498.08-

498.08-

27 E --- 4-- 159300 ---

NON-CAPITAL OBJECTS

0.00

244.69

244.69

0.00

0.00

244.69-

244.69-

27 E --- --- 159300 ---

ADAPTIVE PHY ED

0.00

1,723.07

1,723.07

0.00

0.00

1,723.07-

1,723.07-

27 E --- --- 1----- ---

INSTRUCTION

3,094,187.00

258,954.75

1,121,677.59

36.25

20,152.32

106,000.00

11,833.34

53,100.06

50.09

0.00

52,899.94

52,899.94

56,057.00

4,778.39

19,954.21

35.60

0.00

36,102.79

36,102.79

27 E --- 1-- 215000 ---

SALARIES

27 E --- 2-- 215000 ---

EMPLOYEE BENEFITS

27 E --- 3-- 215000 ---

PURCHASED SERVICES

27 E --- 4-- 215000 ---

NON-CAPITAL OBJECTS

27 E --- 9-- 215000 ---

OTHER EXPENDITURES

27 E --- --- 215000 ---

PSYCHOLOGICAL SERVICES

1,952,357.09

1,972,509.41

800.00

418.93

438.73

54.84

0.00

361.27

361.27

5,000.00

634.40

4,579.51

91.59

365.20

55.29

420.49

0.00

0.00

135.00

0.00

0.00

167,857.00

17,665.06

78,207.51

46.59

365.20

89,284.29

135.00-

89,649.49

135.00-

27 E --- 1-- 218100 ---

SALARIES

58,835.00

8,723.67

33,719.14

57.31

0.00

25,115.86

25,115.86

27 E --- 2-- 218100 ---

EMPLOYEE BENEFITS

28,886.00

4,832.15

19,074.49

66.03

0.00

9,811.51

9,811.51

27 E --- 3-- 218100 ---

PURCHASED SERVICES

1,000.00

0.00

117.60

11.76

0.00

882.40

882.40

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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27 E --- 4-- 218100 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj NON-CAPITAL OBJECTS

27 E --- 9-- 218100 ---

OTHER EXPENDITURES

27 E --- --- 218100 ---

OCCUPATIONAL THERAPY

3:07 PM 01/04/17 PAGE: 13

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

3,000.00

471.57

1,443.08

48.10

336.76

0.00

345.00

345.00

0.00

0.00

91,721.00

14,372.39

54,699.31

59.64

336.76

1,220.16 345.0036,684.93

Unexpended Balance 1,556.92 345.0037,021.69

27 E --- 1-- 218200 ---

SALARIES

61,576.00

5,131.34

20,525.28

33.33

0.00

41,050.72

41,050.72

27 E --- 2-- 218200 ---

EMPLOYEE BENEFITS

29,280.00

2,351.44

9,405.88

32.12

0.00

19,874.12

19,874.12

27 E --- 3-- 218200 ---

PURCHASED SERVICES

1,000.00

0.00

0.00

0.00

0.00

1,000.00

1,000.00

27 E --- 4-- 218200 ---

NON-CAPITAL OBJECTS

2,000.00

0.00

106.41

5.32

0.00

1,893.59

1,893.59

27 E --- 5-- 218200 ---

CAPITAL OBJECTS

27 E --- --- 218200 ---

PHYSICAL THERAPY

8,000.00

0.00

3,341.25

41.77

0.00

4,658.75

4,658.75

101,856.00

7,482.78

33,378.82

32.77

0.00

68,477.18

68,477.18

27 E --- 1-- 221200 ---

SALARIES

0.00

0.00

139.48

0.00

0.00

139.48-

27 E --- 2-- 221200 ---

EMPLOYEE BENEFITS

0.00

0.00

19.88

0.00

0.00

19.88-

27 E --- 3-- 221200 ---

PURCHASED SERVICES

13,000.00

10.96

561.04

4.32

0.00

12,438.96

139.4819.8812,438.96

27 E --- 4-- 221200 ---

NON-CAPITAL OBJECTS

13,000.00

0.00

0.00

0.00

0.00

13,000.00

13,000.00

27 E --- --- 221200 ---

CURRICULUM DEVELOPMENT

26,000.00

10.96

720.40

2.77

0.00

25,279.60

25,279.60

27 E --- 1-- 221222 ---

SALARIES

86,906.00

14,492.20

90,872.80

104.56

0.00

3,966.80-

3,966.80-

27 E --- 2-- 221222 ---

EMPLOYEE BENEFITS

50,875.00

8,511.46

46,847.15

92.08

0.00

4,027.85

4,027.85

27 E --- 3-- 221222 ---

PURCHASED SERVICES

23,000.00

5,304.20

8,647.35

37.60

0.00

14,352.65

14,352.65

27 E --- 4-- 221222 ---

NON-CAPITAL OBJECTS

17,200.00

0.00

80.30

0.47

53.41

17,066.29

17,119.70

27 E --- --- 221222 ---

RVA CURRICULUM DEVELOPME

177,981.00

28,307.86

146,447.60

82.28

53.41

31,479.99

31,533.40 19,126.88-

27 E --- 1-- 221300 ---

SALARIES

0.00

113.95

19,126.88

0.00

0.00

19,126.88-

27 E --- 2-- 221300 ---

EMPLOYEE BENEFITS

0.00

12.30

3,928.77

0.00

0.00

3,928.77-

3,928.77-

27 E --- 3-- 221300 ---

PURCHASED SERVICES

6,000.00

100.00

11,141.60

185.69

0.00

5,141.60-

5,141.60-

27 E --- 4-- 221300 ---

NON-CAPITAL OBJECTS

27 E --- --- 221300 ---

INSTRUCTIONAL STAFF TRAI

27 E --- 1-- 223300 ---

SALARIES

27 E --- 2-- 223300 ---

EMPLOYEE BENEFITS

27 E --- 3-- 223300 ---

PURCHASED SERVICES

27 E --- 4-- 223300 ---

NON-CAPITAL OBJECTS

27 E --- 5-- 223300 ---

CAPITAL OBJECTS

27 E --- --- 223300 ---

SUP/COOR EXCEPTIONAL EDU

0.00

0.00

254.28

0.00

0.00

254.28-

254.28-

6,000.00

226.25

34,451.53

574.19

0.00

28,451.53-

28,451.53-

128,243.00

10,708.78

64,601.09

50.37

0.00

63,641.91

63,641.91

48,342.00

3,990.80

24,000.20

49.65

0.00

24,341.80

24,341.80

2,500.00

0.00

1,091.40

43.66

0.00

1,408.60

1,408.60

12,398.00

0.00

4,559.33

36.77

0.00

7,838.67

7,838.67

0.00

0.00

424.50

0.00

0.00

191,483.00

14,699.58

94,676.52

49.44

0.00

424.5096,806.48

424.5096,806.48

27 E --- 4-- 254490 ---

NON-CAPITAL OBJECTS

0.00

0.00

269.00

0.00

0.00

269.00-

269.00-

27 E --- --- 254490 ---

OTHER EQUIPMENT

0.00

0.00

269.00

0.00

0.00

269.00-

269.00-

27 E --- 1-- 256251 ---

SALARIES

43,070.00

5,279.04

20,239.14

46.99

0.00

22,830.86

22,830.86

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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27 E --- 2-- 256251 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

EMPLOYEE BENEFITS

36,196.00

3,931.02

15,610.63

43.13

31,000.00

1,444.09

21,386.32

500.00

0.00

0.00

110,766.00

10,654.15

57,236.09

27 E --- 3-- 256251 ---

PURCHASED SERVICES

27 E --- 4-- 256251 ---

NON-CAPITAL OBJECTS

27 E --- --- 256251 ---

RESIDENT SP ED TRANSPORT

3:07 PM 01/04/17 PAGE: 14 Unexpended Balance

0.00

20,585.37

20,585.37

68.99

0.00

9,613.68

9,613.68

0.00

0.00

500.00

500.00

51.67

0.00

53,529.91

53,529.91

27 E --- 3-- 256770 ---

PURCHASED SERVICES

3,300.00

1,392.72

1,392.72

42.20

0.00

1,907.28

1,907.28

27 E --- --- 256770 ---

FIELD TRIPS

3,300.00

1,392.72

1,392.72

42.20

0.00

1,907.28

1,907.28

27 E --- 2-- 259000 ---

EMPLOYEE BENEFITS

17,600.00

15,084.00

15,084.00

85.70

0.00

2,516.00

2,516.00

27 E --- --- 259000 ---

OTHER BUSINESS ADMINISTR

17,600.00

15,084.00

15,084.00

85.70

0.00

2,516.00

2,516.00

27 E --- --- 2----- ---

SUPPORT SERVICES

894,564.00

109,895.75

516,563.50

57.74

755.37

377,245.13

378,000.50

27 - --- --- ------ ---

SPECIAL EDUCATION FUND

3,988,751.00

368,850.50

1,638,241.09

41.07

20,907.69

2,329,602.22

2,350,509.91

3frbud12.p 05.16.10.00.04-010167

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

3:07 PM 01/04/17 PAGE: 15

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Unexpended Balance

38 E --- 6-- 282000 ---

DEBT REITREMENT

162,055.00

0.00

11,027.50

6.80

0.00

151,027.50

151,027.50

38 E --- --- 282000 ---

REFINANCING

162,055.00

0.00

11,027.50

6.80

0.00

151,027.50

151,027.50

38 E --- --- 2----- ---

SUPPORT SERVICES

162,055.00

0.00

11,027.50

6.80

0.00

151,027.50

151,027.50

38 E --- 9-- 492000 ---

OTHER EXPENDITURES

0.00

0.00

1,009.28

0.00

0.00

1,009.28-

1,009.28-

38 E --- --- 492000 ---

OTHER ADJUSTMENTS

0.00

0.00

1,009.28

0.00

0.00

1,009.28-

1,009.28-

1,009.28-

1,009.28-

38 E --- --- 4----- ---

NON-PROGRAM TRANSACTIONS

0.00

0.00

1,009.28

0.00

0.00

38 - --- --- ------ ---

Non-Referendum Debt Serv

162,055.00

0.00

12,036.78

7.43

0.00

150,018.22

150,018.22

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

3:07 PM 01/04/17 PAGE: 16

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Unexpended Balance

39 E --- 6-- 281000 ---

DEBT REITREMENT

460,185.00

0.00

0.00

0.00

0.00

460,185.00

460,185.00

39 E --- --- 281000 ---

LONG-TERM CAPITAL DEBT

460,185.00

0.00

0.00

0.00

0.00

460,185.00

460,185.00

39 E --- --- 2----- ---

SUPPORT SERVICES

460,185.00

0.00

0.00

0.00

0.00

460,185.00

460,185.00

39 - --- --- ------ ---

REFERENDUM APPROVED DEBT

460,185.00

0.00

0.00

0.00

0.00

460,185.00

460,185.00

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj

3:07 PM 01/04/17 PAGE: 17

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Unexpended Balance

44 E --- 3-- 254000 ---

PURCHASED SERVICES

0.00

1,277.12

282,043.50

0.00

4,757.20

286,800.70-

282,043.50-

44 E --- --- 254000 ---

MAINTENANCE

0.00

1,277.12

282,043.50

0.00

4,757.20

286,800.70-

282,043.50-

44 E --- --- 2----- ---

SUPPORT SERVICES

0.00

1,277.12

282,043.50

0.00

4,757.20

286,800.70-

282,043.50-

44 - --- --- ------ ---

DISTRICT IMPROVMENTS 201

0.00

1,277.12

282,043.50

0.00

4,757.20

286,800.70-

282,043.50-

3frbud12.p 05.16.10.00.04-010167

Fd T Loc Obj Func

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50 E --- 1-- 257000 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj SALARIES

50 E --- 2-- 257000 ---

EMPLOYEE BENEFITS

50 E --- 3-- 257000 ---

PURCHASED SERVICES

3:07 PM 01/04/17 PAGE: 18

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Balance

0.00

0.00

16,147.04-

16,147.04-

0.00

16,147.04

16,147.04

0.00

12,265.23

12,265.23

0.00

0.00

1,086,385.00

1,099.74

372,172.38

34.26

1,194.00

12,265.23713,018.62 3,242.00-

Unexpended

12,265.23714,212.62

50 E --- 5-- 257000 ---

CAPITAL OBJECTS

0.00

0.00

0.00

0.00

3,242.00

50 E --- --- 257000 ---

FOOD SERVICES

1,086,385.00

29,512.01

400,584.65

36.87

4,436.00

681,364.35

685,800.35

0.00

50 E --- --- 2----- ---

SUPPORT SERVICES

1,086,385.00

29,512.01

400,584.65

36.87

4,436.00

681,364.35

685,800.35

50 - --- --- ------ ---

FOOD SERVICE FUND

1,086,385.00

29,512.01

400,584.65

36.87

4,436.00

681,364.35

685,800.35

3frbud12.p 05.16.10.00.04-010167

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

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2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Unexpended

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Balance

80 E --- 4-- 110000 ---

NON-CAPITAL OBJECTS

0.00

0.00

29.00

0.00

0.00

29.00-

29.00-

80 E --- --- 110000 ---

UNDIFFERENTIATED CURRICU

0.00

0.00

29.00

0.00

0.00

29.00-

29.00-

80 E --- 5-- 162000 ---

CAPITAL OBJECTS

0.00

0.00

65.00

0.00

0.00

65.00-

65.00-

80 E --- --- 162000 ---

CO-CURRICULAR ATHLETICS

0.00

0.00

65.00

0.00

0.00

65.00-

65.00-

80 E --- --- 1----- ---

INSTRUCTION

0.00

0.00

94.00

0.00

0.00

94.00-

94.00-

80 E --- 3-- 219000 ---

PURCHASED SERVICES

45,000.00

0.00

0.00

0.00

0.00

45,000.00

45,000.00

80 E --- --- 219000 ---

OTHER PUPIL SERVICES

45,000.00

0.00

0.00

0.00

0.00

45,000.00

45,000.00

12,500.00

0.00

1,578.28

12.63

0.00

10,921.72

10,921.72

960.00

0.00

134.92

14.05

0.00

825.08

825.08

5,080.00

0.00

163.28

3.21

0.00

4,916.72

4,916.72

18,540.00

0.00

1,876.48

10.12

0.00

16,663.52

16,663.52

80 E --- 1-- 229000 ---

SALARIES

80 E --- 2-- 229000 ---

EMPLOYEE BENEFITS

80 E --- 3-- 229000 ---

PURCHASED SERVICES

80 E --- --- 229000 ---

OTHER INSTRUCTIONAL STAF

80 E --- 1-- 230000 ---

SALARIES

0.00

991.88

4,160.94

0.00

0.00

4,160.94-

80 E --- 2-- 230000 ---

EMPLOYEE BENEFITS

0.00

76.59

334.01

0.00

0.00

334.01-

4,160.94334.01-

80 E --- 3-- 230000 ---

PURCHASED SERVICES

0.00

30.44

121.76

0.00

0.00

121.76-

121.76-

80 E --- --- 230000 ---

GENERAL ADMINISTRATION

0.00

1,098.91

4,616.71

0.00

0.00

4,616.71-

4,616.71-

70,160.00

4,030.50

16,941.98

24.15

0.00

53,218.02

4,610.00

96.48

618.61

13.42

0.00

3,991.39

3,991.39

0.00

34,609.44

34,609.44

3,144.70

3,144.70

80 E --- 1-- 240000 ---

SALARIES

80 E --- 2-- 240000 ---

EMPLOYEE BENEFITS

80 E --- 3-- 240000 ---

PURCHASED SERVICES

48,000.00

1,727.47

13,390.56

27.90

4,200.00

113.17

1,055.30

25.13

0.00

0.00

0.00

0.00

0.00

524.75

450.00

0.00

0.00

0.00

0.00

450.00

450.00

127,420.00

5,967.62

32,006.45

25.12

524.75

94,888.80

95,413.55

0.00

0.00

410.00

0.00

0.00

10,000.00

0.00

0.00

0.00

0.00

80 E --- 4-- 240000 ---

NON-CAPITAL OBJECTS

80 E --- 5-- 240000 ---

CAPITAL OBJECTS

80 E --- 9-- 240000 ---

OTHER EXPENDITURES

80 E --- --- 240000 ---

BUILDING ADMINISTRATION

80 E --- 3-- 254000 ---

PURCHASED SERVICES

80 E --- 4-- 254000 ---

NON-CAPITAL OBJECTS

80 E --- 5-- 254000 ---

CAPITAL OBJECTS

80 E --- --- 254000 ---

MAINTENANCE

0.00

0.00

524.75

0.00

0.00

10,000.00

0.00

934.75

9.35

0.00

524.75-

410.0010,000.00 524.759,065.25

53,218.02

0.00

410.0010,000.00 524.759,065.25

80 E --- 3-- 256741 ---

PURCHASED SERVICES

19,000.00

0.00

78.97

0.42

0.00

18,921.03

18,921.03

80 E --- --- 256741 ---

OTHER CO-CURRICULAR TRAV

19,000.00

0.00

78.97

0.42

0.00

18,921.03

18,921.03

80 E --- 3-- 256742 ---

PURCHASED SERVICES

0.00

2,428.54

11,072.77

0.00

0.00

11,072.77-

11,072.77-

80 E --- --- 256742 ---

ATHLETIC TRANSPORTATION

0.00

2,428.54

11,072.77

0.00

0.00

11,072.77-

11,072.77-

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

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2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Unexpended Balance

80 E --- 3-- 256770 ---

PURCHASED SERVICES

500.00

0.00

0.00

0.00

0.00

500.00

500.00

80 E --- --- 256770 ---

FIELD TRIPS

500.00

0.00

0.00

0.00

0.00

500.00

500.00

80 E --- --- 2----- ---

SUPPORT SERVICES

220,460.00

9,495.07

50,586.13

22.95

524.75

169,349.12

169,873.87 16,883.63

80 E --- 1-- 393000 ---

SALARIES

39,000.00

4,490.36

22,116.37

56.71

0.00

16,883.63

80 E --- 2-- 393000 ---

EMPLOYEE BENEFITS

4,500.00

479.80

2,634.09

58.54

0.00

1,865.91

1,865.91

80 E --- 3-- 393000 ---

PURCHASED SERVICES

7,985.00

1,649.03

5,942.09

74.42

0.00

2,042.91

2,042.91

128.26

3,128.26

80 E --- 4-- 393000 ---

NON-CAPITAL OBJECTS

4,029.00

80.08

900.74

22.36

3,000.00

80 E --- 9-- 393000 ---

OTHER EXPENDITURES

1,110.00

252.00

1,332.00

120.00

0.00

80 E --- --- 393000 ---

RECREATION ATHLETIC COMM

56,624.00

6,951.27

32,925.29

58.15

3,000.00

20,698.71

23,698.71

80 E --- --- 3----- ---

COMMUNITY SERVICES

56,624.00

6,951.27

32,925.29

58.15

3,000.00

20,698.71

23,698.71

80 - --- --- ------ ---

COMMUNITY SERVICE FUND

277,084.00

16,446.34

83,605.42

30.17

3,524.75

189,953.83

193,478.58

222.00-

222.00-

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99 E --- 1-- 110000 ---

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

Obj SALARIES

3:07 PM 01/04/17 PAGE: 21

2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

170,000.00

9,664.38

38,341.16

22.55

0.00

131,658.84

99 E --- 2-- 110000 ---

EMPLOYEE BENEFITS

0.00

6,252.55

24,980.98

0.00

0.00

24,980.98-

99 E --- 3-- 110000 ---

PURCHASED SERVICES

0.00

850.00

4,410.60

0.00

0.00

4,410.60-

99 E --- 4-- 110000 ---

NON-CAPITAL OBJECTS

357,670.00

18,567.97

295,916.37

82.73

570.14

99 E --- 9-- 110000 ---

OTHER EXPENDITURES

99 E --- --- 110000 ---

UNDIFFERENTIATED CURRICU

99 E --- 3-- 129100 ---

PURCHASED SERVICES

99 E --- 4-- 129100 ---

NON-CAPITAL OBJECTS

0.00

0.00

30.00

0.00

45.00

527,670.00

35,334.90

363,679.11

68.92

615.14

61,183.49 75.00163,375.75

Unexpended Balance 131,658.84 24,980.984,410.6061,753.63 30.00163,990.89

8,300.00

0.00

6,739.00

81.19

0.00

1,561.00

1,561.00

12,861.00

0.00

3,879.40

30.16

200.00

8,781.60

8,981.60

99 E --- 5-- 129100 ---

CAPITAL OBJECTS

16,000.00

0.00

16,664.50

104.15

0.00

99 E --- --- 129100 ---

CAREER DEVELOPMENT - MAS

37,161.00

0.00

27,282.90

73.42

200.00

9,678.10

9,878.10

99 E --- --- 1----- ---

INSTRUCTION

564,831.00

35,334.90

390,962.01

69.22

815.14

173,053.85

173,868.99

215,125.00

720.00

2,880.00

1.34

0.00

212,245.00

212,245.00

0.00

100.29

401.32

0.00

0.00

50,000.00

0.00

656.92

1.31

0.00

99 E --- 1-- 219000 ---

SALARIES

99 E --- 2-- 219000 ---

EMPLOYEE BENEFITS

99 E --- 3-- 219000 ---

PURCHASED SERVICES

664.50-

401.32-

664.50-

401.32-

49,343.08

49,343.08 20,729.54-

99 E --- 4-- 219000 ---

NON-CAPITAL OBJECTS

0.00

2,202.80

20,729.54

0.00

43.70

20,773.24-

99 E --- 9-- 219000 ---

OTHER EXPENDITURES

0.00

0.00

15.00

0.00

0.00

15.00-

99 E --- --- 219000 ---

OTHER PUPIL SERVICES

265,125.00

3,023.09

24,682.78

9.31

43.70

240,398.52

15.00240,442.22

99 E --- 1-- 221000 ---

SALARIES

0.00

0.00

990.85

0.00

0.00

990.85-

990.85-

99 E --- 2-- 221000 ---

EMPLOYEE BENEFITS

0.00

0.00

144.83

0.00

0.00

144.83-

144.83-

99 E --- 4-- 221000 ---

NON-CAPITAL OBJECTS

0.00

105.00

105.00

0.00

0.00

105.00-

105.00-

99 E --- --- 221000 ---

IMPROVEMENT OF INSTRUCTI

0.00

105.00

1,240.68

0.00

0.00

1,240.68-

1,240.68-

99 E --- 1-- 221200 ---

SALARIES

598,946.00

47,944.41

292,254.28

48.79

0.00

306,691.72

99 E --- 2-- 221200 ---

EMPLOYEE BENEFITS

186,431.00

18,453.33

109,349.91

58.65

0.00

77,081.09

306,691.72 77,081.09

99 E --- 3-- 221200 ---

PURCHASED SERVICES

356,445.00

16,419.29

155,293.78

43.57

0.00

201,151.22

201,151.22

99 E --- 4-- 221200 ---

NON-CAPITAL OBJECTS

12,500.00

90.36

6,892.67

55.14

365.00

5,242.33

5,607.33

99 E --- 5-- 221200 ---

CAPITAL OBJECTS

70,000.00

0.00

3,835.00

5.48

0.00

66,165.00

66,165.00

99 E --- 9-- 221200 ---

OTHER EXPENDITURES

99 E --- --- 221200 ---

CURRICULUM DEVELOPMENT

9,000.00

1,500.00

2,912.57

32.36

0.00

6,087.43

6,087.43

1,233,322.00

84,407.39

570,538.21

46.26

365.00

662,418.79

662,783.79

99 E --- 2-- 221300 ---

EMPLOYEE BENEFITS

0.00

0.00

375.00

0.00

0.00

99 E --- 3-- 221300 ---

PURCHASED SERVICES

2,500.00

0.00

0.00

0.00

0.00

2,500.00

375.00-

2,500.00

375.00-

99 E --- --- 221300 ---

INSTRUCTIONAL STAFF TRAI

2,500.00

0.00

375.00

15.00

0.00

2,125.00

2,125.00

99 E --- 5-- 240000 ---

CAPITAL OBJECTS

10,000.00

0.00

8,120.00

81.20

0.00

1,880.00

1,880.00

99 E --- --- 240000 ---

BUILDING ADMINISTRATION

10,000.00

0.00

8,120.00

81.20

0.00

1,880.00

1,880.00

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MEDFORD AREA PUBLIC SCHOOL DISTRICT SUMMARY EXPENDITURE BUDGET REPORT (Date: 12/2016)

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2016-17

December 2016-17

2016-17

2016-17

Encumbered

Unencumbered

Revised Budget

Monthly Activity

FYTD Activity

FYTD %

Amount

Balance

Unexpended Balance

99 E --- 6-- 281000 ---

DEBT REITREMENT

10,000.00

0.00

0.00

0.00

0.00

10,000.00

10,000.00

99 E --- --- 281000 ---

LONG-TERM CAPITAL DEBT

10,000.00

0.00

0.00

0.00

0.00

10,000.00

10,000.00

99 E --- --- 2----- ---

SUPPORT SERVICES

1,520,947.00

87,535.48

604,956.67

39.78

408.70

915,581.63

915,990.33

99 E --- 8-- 410000 ---

OPERATING TRANSFER - OUT

248,770.00

0.00

0.00

0.00

0.00

248,770.00

248,770.00

99 E --- --- 410000 ---

INTERFUND OPERATING TRAN

248,770.00

0.00

0.00

0.00

0.00

248,770.00

248,770.00

99 E --- --- 4----- ---

NON-PROGRAM TRANSACTIONS

248,770.00

0.00

0.00

0.00

0.00

248,770.00

248,770.00

99 - --- --- ------ ---

OTHER PKG/COOP PROGRAM F

2,334,548.00

122,870.38

995,918.68

42.66

1,223.84

1,337,405.48

1,338,629.32

Number of Accounts:

1917

************************ End of report ************************

Policy Committee Meeting Notes January 4, 2017 2nd Reading DIF – Fixed Asset Management Recommend to adopt RVA-IGHB – Physical Education Equivalent Courses Recommend to adopt

OK

OK

RVA-IKE – Promotion Criteria PreK-12 Page 1, 1st paragraph, 2nd line, replace “responsibility for deciding” with “decision” 3rd line, delete “of a student” RVA-IKF – Graduation Requirements Review in May/June to revise the wording in 1st bullet Page 1, 1st bullet, add a period at the end of the sentence Page 2, 1st bullet, delete “A” and “also” and add an “s” to Student RVA-IKFA – Early Graduation Requirements Recommend to adopt

OK

RVA-IKFB – Commencement Exercises

OK

RVA-IL – Testing Program

OK

RVA-JECBB – Transfer/Home-Based Students Recommend to adopt Page 2, 2nd bullet, delete “(see no. 5 below)” RVA-JI – Student Awards and Scholarships Recommend to adopt

OK

RVA-JIA – WI Academic Excellence Higher Education Scholarship Program OK Recommend to adopt RVA-JIB – Wisconsin Technical Excellence Scholarship Program Recommend to adopt 1st Reading DBB – Fiscal Year

OK

OK

DCA – Short Term Borrowing 1st paragraph, 1st line, delete “The” and add “Medford Area Public School District” DFA – Revenues from Investments 1st paragraph, 1st line, replace “should” with “shall”

DFE – Gate Receipts and Admissions Add 3rd paragraph/line: “Receipts are deposited in the appropriate district bank account.” GCDA – Crime Information Records Check & Form 1st paragraph, 3rd line, replace “the Wisconsin Department of Justice” with “Background Investigation Bureau” 2nd paragraph, 1st line, add a comma after “charge,” 3rd line, replace “will” with “may” 3rd paragraph, 1st line, add a comma after “charge,” 4th line, delete “or not” and replace “reject” with “approve” Crime Information Records Check Form – add “policy GCDA” and delete (GCDA) at the end of sentence. RVA – IIB – School and Class Size 1st paragraph, 1st line, replace “Rural Virtual Academy” with “RVA” 3rd paragraph, eliminate the table and summarize school and class size

Discussion/Consideration/Review Professional Staff Handbook - 6.10 Retirement Benefits & Recognition Consideration of adding an exception for staff resigning with 20 years of service that haven’t met the age of 55, will be eligible for this one-time benefit. If OPEB allows, consideration to pay out current employee’s benefit based on years of service, starting at 20 years. Add to Finance agenda. Support Staff Handbook - 6.10 Retirement Benefits & Recognition Consideration of adding an exception for staff resigning with 20 years of service that haven’t met the age of 55, will be eligible for this one-time benefit. If OPEB allows, consideration to pay out current employee’s benefits based on years of service, starting at 20 years. Add to Finance agenda. Specific District Staff Handbook - 6.10 Retirement Benefits & Recognition Consideration of adding an exception for staff resigning with 20 years of service that haven’t met the age of 55, will be eligible for this one-time benefit. If OPEB allows, consideration to pay out current employee’s benefits based on years of service, starting at 20 years. Add to Finance agenda. Support Staff Handbook – 7.3 Vacation Time This is already a past practice, just putting it in writing Add “Any earned but not allocated vacation will be paid out and may not be used to extend your last day of work. Any unused vacation will also be paid out.” Specific District Staff Handbook – 7.3 Vacation Time This is already a past practice, just putting it in writing Add “Any earned but not allocated vacation will be paid out and may not be used to extend your last day of work. Any unused vacation will also be paid out.” The next policy meeting will be held on Wednesday, February 1, 2017.







First Review ...........................................

February 18, 2016

Second Review ......................................

March 17, 2016

Final Program / Staff Review..................

April 25, 2016

Consolidated Budget Review .................

May 19, 2016

Final Budget Review ..............................

June 23, 2016

...............................................................

July 21, 2016

...............................................................

August 18, 2016

Annual Meeting ......................................

October 31, 2016

-1-

The word “economics” is derived from oikonomikos, which means skilled in household management. The economic problem our state and community struggle with in regard to public education is: “how do we allocate increasingly limited financial resources to maintain a quality, well-rounded instructional program that meets needs for all students?” In a market economy, the politicians perform a function much like the managers of a private business. They interpret public demands for goods and services and attempt to find ways of supplying those goods and services. Whether or not politicians are successfully achieving that objective for public education is a matter of diverse opinion. Included in this budget overview are the following items: 1. Budget Process / Introduction ................................................................................ Page 2 2. Tentative Board Calendar ...................................................................................... Page 3 3. 2016-17 Budget Parameter Projection ................................................................... Page 4 a. Instructional Budget Parameters for 2016-17 ................................................... Page 5 b. Operations and Maintenance Budget Parameters for 2016-17 ......................... Page 5 c. Salaries and Benefits Budget Parameters for 2016-17 ..................................... Page 5 d. Transportation Budget Parameters for 2016-17 ................................................ Page 5 e. All Other budget Parameters for 2016-17 ......................................................... Page 5 4. Enrollment Information ........................................................................................... Page 6 a. General Enrollment ........................................................................................... Page 6 b. Enrollment by School – January 2000-2016 ..................................................... Page 6 c. Enrollment by Grade Level 2015-16 and Projected 2016-17 ............................ Page 6 5. Budget Staffing Report ........................................................................................... Page 7

-2-

Thursday, December 17 ...............Board of Education reviews budget parameters Thursday, January 28...................Proposed Budget Process to Board / Public Hearing Friday, February 5 ........................Budget materials to identified staff Friday, February 19 ......................Non-instructional budget submitted to district office Friday, February 19 – Wednesday, March 2 ...................District Office review of non-instructional budgets Thursday, March 17 .....................Board of Education review of non-instructional budget Friday, March 18 ..........................Instructional budgets submitted to district office Friday, March 18 – Wednesday, April 6 ......................District Office review of instructional budgets Thursday, April 25 ........................Board of Education review of instructional budget Thursday, May 19 ........................Board of Education review of revenues and other budgets; revenues and expenditures summarized, tax levy estimated; and date of annual meeting set Thursday, June 23 .......................Budget modifications considered and budget adopted by Board Monday, October 31 .....................Annual Meeting (tentative date) Monday, October 31 .....................Adopt tax levy and consider budget adjustments

-3-

Revenue Increase to Revenue Limit Number of Students - 3 year average Revenue Limit Increase

0 2,083 0

Prior year student count 2016-17 Per Pupil

2,083 9,204 19,172,369 156,468 19,328,837

If students at 15-16 level Fund 38

WRS Prior Service

Fund 10

Revenue Limit

State Categorical Aid (prior) Sate Categorical Aid (additional in 2016-17)

(162,055) 19,166,782 2083 2083

150 100

312,450 208,300

Other Fund 10 Revenue

2,697,204

Total Fund 10 Revenue

22,384,736

Total Fund 27 Revenue

1,530,000

Total Projected Revenue

23,914,736

From 2015-16

Expenditures Instruction (includes New Programs) Operations / Maintenance - Facility Salary Benefits Transportation 2.5% Increase Other

1,686,375 1,131,833 11,820,665 5,908,776 1,134,500 1,886,810 23,568,959

Surplus (Deficit) before Fund Balance Transfer To Fund Balance Surplus (Deficit) after Fund Balance Transfer Changes to Budget: Open Enrollment Additions to Insurance Additionsl to Equipment (Finance - January) OPEB Required Contribution (Finance - January) Remove Instruction & Revenue (15-16) Bus Incraese Revenue & Insurance for Add'l Dividend Provide equipment for Tech Ed Middle School Add'l Staff Internal Services - CESA - Remove Additional Curriculum Savings from Retirements, etc. If student enrollment remains as is Additional 0.5 FTE Agriculture Position Additional Grade 5 Position To Fund Balance Reduce Title I Revenue Additional for Bilingual / ESL

-4-

2016-17 1,687,751 1,027,355 11,995,833 5,740,572 1,162,863 2,112,930 23,727,304 187,432 (206,430) (18,998) 147,685 180,000 0 80,000 17,000 10,000 0 880 57,829 348,281 156,468 70,000 70,000 206,430 54,093 37,500

Instructional Budget Parameters for 2016‐17 MAES/SES MAMS MASH

2014-15 Students 878 597 609

2014-15 Budget $186,587 $138,265 $274,166

2015-16 Students 890 580 621

Co-Curricular Student Services Carl Perkins Title I-A Remediation Gifted & Talented Interpreters Improvement of Instruction Support Media Technology Instructional Media Technology Audio-Visual Staff Development Project Lead the Way Title II-A (Grant Fully Funded) School Forest IDEA Flow-Through / Preschool /CEIS Total

2015-16 Budget $189,014 $141,300 $283,193

Proj. 2016-17 Students 869 600 678

Proj. 2016-17 Budget $214,834 $158,829 $322,859

14-15 Budget $144,050 $62,438 $16,397 $17,783 $25,365 $11,126 $40,000 $40,940 $416,756 $8,249 $11,023 $7,165 $5,000 $27,000 $1,291 $258,694 $1,692,295

15-16 Budget $129,946 $17,438 $21,012 $17,783 $25,365 $11,126 $40,363 $43,440 $315,473 $8,249 $11,023 $7,165 $5,000 $27,000 $1,291 $391,194 $1,686,375

16-17 Budget $139,900 $17,438 $19,605 $17,783 $25,365 $11,126 $25,177 $43,440 $315,473 $8,249 $11,023 $7,165 $10,000 $27,000 $1,291 $311,194 $1,687,751

Operations & Maintenance Budget Parameters for 2016‐17 Operations Maintenance Total

$570,535 $485,400 $1,055,935

$570,535 $556,298 $1,126,833

Salaries & Benefits Budget Parameters for 2016‐17 Salary Benefits Total

$11,590,070 $5,815,694 $17,405,764

$11,820,665 $5,908,776 $17,729,441

Transportation Budget Parameters for 2016‐17 Fleet Transportation Special Education Transportation Total

$1,107,818 $34,800 $1,142,618

$1,099,700 $34,800 $1,134,500

Other Budget Parameters for 2016‐17

$559,980 $467,375 $1,027,355

$11,995,833 $5,740,572 $17,736,405 $1,128,063 $34,800 $1,162,863

Central Administration Fiscal Internal Services Central Services Insurance & Judgements Debt Services Other Support Services Non-Program Transactions Transfer to Fund 80 / 99 Total

$46,500 $54,000 $880 $171,460 $170,406 $4,000 $3,788 $180,000 $768,495 $1,399,529

$48,500 $56,000 $880 $205,000 $165,000 $4,000 $3,920 $180,000 $1,223,510 $1,886,810

$58,500 $56,000 $0 $199,000 $182,000 $10,000 $3,920 $180,000 $1,423,510 $2,112,930

New Program Proposals

$760

$0

$0

Total Expenditures

$22,696,901

$23,563,959

$23,727,304

-5-

800 700 600 500 Grade K–4 5–6 7–8 9 – 12 Total Increase/Decrease % of Change

2011-12 January 684 300 322 637 1943 -47 -2.4%

2012-13 January 694 296 327 628 1945 +2 0.10%

2013-14 January 721 267 341 627 1956 +11 0.56%

2014-15 January 736 269 309 687 2001 +45 2.25%

2015-16 January 724 297 279 661 1961 -40 -2.04%

2016-17 Projected 701 324 291 667 1983 +22 +1.01%

400 300 200 100 0 MASH

MAMS 2011

MAES

2012

2013

SES 2014

RVA

2015



EC PK K 1 2 3 4 5 6 7 8 9 10 11 12 RVA PK – 10 + Consortium Total

161 150 130 159 169 168 165 175

January 30, 2016 Enrollment (MAES, SES, MAMS & MASH) Total by Total Building Level 16 127 150 SES MAES 147 648 232 132 145 163 161 150 600 130 159 169 168 677 165 175

357

357

357

2514

2514

2514

MAES

SES

16 92 113 109 92 107 119

0 35 37 38 40 38 44

Sections

Class Size

Total

2 8 8 7 6 7 7 6 6

8 15 / 16 18 / 19 21 22 20 / 21 23 / 24 26 / 27 25

10 120 127 150 147 132 145 163 161 161 130 165 169 168 165

47 K-6 Sections

Projected 2016-17 Enrollment & Recommended Number of Sections Total by Sections Building Level 2 8 8 MAES/SES 7 831 7 6 7 7 7 615

667

350

350

2463

2463

49 K-6 Sections

Class Size 5 15 15 / 16 21 / 22 21 22 20 / 21 23 / 24 23

A.

New Positions Position Title

RVA Grade K-6 Teacher MAES/SES Social Worker MAMS/ RVA Math Teacher District Gifted & Talented Coordinator – part-time Bilingual/Bicultural Education Teacher MAES Grade 2 Teacher MASH Ag Teacher – part-time MAES Grade 1 Teacher RVA Special Education Teacher RVA School Psychologist – part-time RVA High School Social Studies – 2 sections RVA Math/Accountability Coach

Board Position Approved

Posting Status / Closing Date

Interviews P = Pending S = Scheduled C = Concluded N = Not Planned

currently Manpower replaces Guidance

N/A 3/23/16 – 4/27/16 4/26/16 – 5/6/16 5/12/16 – until filled 5/12/16 – until filled 3/23/16 – 4/29/16 5/2/16-5/13/16 3/23/16-4/29/16 6/3/16 – 6/17/16 6/3/16 – 6/17/16 6/3/16 – 6/17/16 6/3/16 – 6/17/16

N C C C C C C C P C P C

7

Contract Status E = Extended A = Accepted T = Transfer B = Board Approved

B B B B B B B B B B B B

Remarks Alison Reilly Kylie Shakal Jake Bucki Samantha Eckert Nicole Hoppmann Janel Karsten Samantha Eckert Nicole Lang Amy Wagner Samantha Penry Casey Kopp Josh Duwe

Board Contract Approval Date 4/25/16 5/19/16 5/19/16 6/23/16 6/23/16 5/19/16 6/23/16 5/19/16 7/21/16 7/21/16 7/21/16 7/21/16

B. Replacement Positions (Professional Staff) Position Title

Retirement/ Resignation Accepted/ Transfer Date

Posting Status / Closing Date

MAES/SES Library Media Specialist (C. Retzer) MAMS Grade 7 Teacher (R. Dolezalek) MAES/SES Guidance Counselor (S. Eloranta) MAES/SES School Psychologist (A.Schindler) MAES/SES Music Teacher (L. Kollmer) MAES/SES Phy Ed Teacher (S. Fitzgerald) SES Reading Intervention (K. Dallas) SES/MASH Speech Language Path. (A. Jochimsen) MAES Grade 1 Teacher (R. Robida) MAMS Grade 7 Math Teacher (S. McMurry) MAES Kindergarten (S. Zenner) MAMS Special Education Teacher (J. Kakes) RVA Grade PreK-2 Teacher half-time (K. Brown) SES Special Education Teacher (E. Steward) MASH Science Teacher (Tran Brooks) MAMS Health & PE Teacher (Lisa Brooks) MASH Special Education Teacher (P. Boettcher) MASH Special Education Teacher (J. Natzke) MAMS Grade 5 Teacher (K. Ray) SES Kindergarten Teacher (P. Czerniak) MASH Assistant Principal (J. Hraby) MADA Coordinator (Cindy Gibson) MASH Library Media Specialist ( B. Carlsen) MASH Math Teacher (J. Krueger)

Ret – 2/9/16 Ret – 2/22/16 Ret – 3/8/16 Resigned 3/4/16 Ret - 3/9/16 Ret – 3/15/16 Ret – 3/15/16 Ret – 3/15/16 Ret – 3/29/16 Ret – 4/8/16 Ret – 4/21/16 Ret – 4/29/16 Resigned – 4/25/16 Resigned – 4/14/16 Resigned – 5/19/16 Resigned – 5/19/16 Resigned – 6/3/16 Transfer Transfer Transfer Transfer Resigned 6/30/16 Resigned 7/24/16 Resigned 8/1/16

2/22/16 – 4/27/16 Internal 3/22/16-4/8/16 N/A 2/22/16-until filled 3/23/16 – 4/29/16 3/23/16 – 4/29/16 3/23/16 – 5/6/16 3/23/16 – until filled Internal 4/11/16 – 4/22/16 Internal 4/11/16 – 4/22/16 Internal – 5/2/16 - 5/6/16 Internal – 5/2/16 – 5/5/16 8/3/16 – until filled 6/2/16 – until filled ------5/12/16-5/27/16 5/12/16-5/27/16 3/23/16 – 4/29/16 5/25/16-until filled 6/3/16-6/17/6 ---7/26/16-until filled 8/1/16- until filled

8

Interviews P = Pending S = Scheduled C = Concluded N = Not Planned

Contract Status E = Extended A = Accepted T = Transfer B = Board Approved

C C --C C C C C C C C C

B B ---B B B T B B B B B

JoAnn Hudak Christie Wirz ---Stefanie Eggert Saydi Stewart Jena O’Flanagan Melissa Gehrke Lea Gowey (Asst) Robert Komanec Kelli Ray Stacy Zenner Jamie Natzke

C

B B B B B B B A

Melissa Wavrunek Rescinded resign. Rescinded resign. Jennifer Quinnell Cathy Venzke Matthew Haase Brooke Behling SuAnn Schroeder ---Amanda Jones Kassandra Daniels

C C C C N C C

A E

Remarks

Board Contract Approval Date 5/19/16 4/25/16 5/19/16 5/191/6 5/19/16 4/25/16 7/21/16 5/19/16 5/19/16 5/19/16 5/19/16 6/23/16 6/23/16 6/23/16 6/23/16 6/23/16 5/19/16 6/23/16

C. Professional Staff Transfers Transfer Request

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Person Involved

Mark Mann Tracy Schumacher Amanda Langdon Carol Couillard Christie Wirz Melissa Gehrke Leanna Oertel Holly Rohde Jenny Shipman Tracy Schumacher Kelli Ray Peggy Czerniak Mark Mann Jamie Natzke Bob Komanec Justin Hraby Jake Bucki Matt Hawley Tasha Mallak Sara Holewinski Kari Logteman

From

Staff Requested Transfers MAMS Grade 8/ RVA Teacher MAMS Grade 8 English/Lang Arts SES Pre-K Teacher MAES Kindergarten Teacher MAMS Library Media Specialist SEs Grade 2 Teacher RVA HS English – 2 sections RVA HS Biology – 2 sections MAES G & T/MAMS Science MAMS Grade 6 Teacher MAMS Grade 5 Teacher SES Kindergarten Teacher MAMS Grade 5 Teacher MASH Special Education Teacher MAES Kindergarten Teacher MASH Asst Principal MAMS Grade 6 Teacher MAES Grade 3 Teacher MAES Special Education Teacher MAMS Math/ RVA Dean RVA Gr 1-6, 50%

To

MAMS Grade 5 Teacher MAMS Grade 6 Teacher SES Grade 1 Teacher SES Pre-K Teacher MAMS Grade 7 ELA Teacher SES Reading Specialist RVA HS English – full-time RVA HS Biology – 5 sections MAMS Grade 7&8 SS & Science MAMS Library Media Specialist MAMS Grad e 7 Math Teacher SES Grade 2 Teacher MAMS Grade 6 Teacher MAMS Spec Ed Teacher (Kakes) MAES Grade 1 Teacher (Robida) MAMS Grade 6 Teacher MAMS/RVA Grade 7, 8, HS Math MAMS Grade 5 Teacher MAES Kindergarten Teacher RVA Dean of Operation RVA Gr 1-6, 75%

District Transfers / Reassignments / Reductions 1 2 3 4 5

9

Administrative Status P = Pending A = Approved D = Denied R = Retracted RC = Recalled

A – 2/18/16 A – 2/18/16 A – 3/17/16 A – 4/25/16 A – 4/25/16 A – 4/25/16 A – 4/25/16 A – 4/25/16 A – 4/25/16 A – 4/25/16 A – 5/19/16 A – 5/19/16 A – 5/19/16 A – 5/19/16 A – 5/19/16 A – 5/19/16 A – 5/19/16 A – 5/19/16 A – 6/23/16 A – 7/21/16 P

D.

Replacement Positions (Support Staff)

Position Title

MAES Remediation Assistant (K. Shaw) MASH Special Education Asst (B. Engel) MAES Library Assistant (W. Plawski) MAMS/MASH ELL Assistant (A. Alvarado) MASH Library Assistant (J. Sherfield) MASH Library Asst-Evenings (S. Hall) MASH Special Education Asst (C Venzke) MAMS Special Education Asst (LTS) MAES Special Education Asst (Anderson) District COTA (J. Frafjord) MASH Attendance/Office Asst (S. Strebig) MASH Office Assistant-part-time (R. Hirt) MASH Building Custodian (L. Jauernig) MAMS Building Custodian (part-time)

N = New Position P = Program Proposal R = Resignation Ret = Retirement T = Transfer

Ret Ret Ret Res T T T T Term R T Term Ret N

Posting Status / Closing Date

Interviews P = Pending S = Scheduled C = Concluded N = Not Planned

Contract Status E = Extended A = Accepted T = Transfer B = Board Approved

6/1/16 – 6/13/16 N/A Int. 3/23-4/15 5/9/16–until filled 4/18/16-4/22/16 5/9/16-5/24/16 N/A N/A N/A 7/6/16 – until filled 7/6/16 – 7/15/16 N/A 7/28/16 – 8/12/16 7/28/16 – 8/12/16

C N C N C N N N – LTS N - LTS C C N P P

A B B B B B A

Remarks

Board Approval Date

Jessica Demell Not filling Jessica Sherfield Filled with ESL Teacher Skylar Hall Not filling Not filling Janice Ostir Krissy Bunkelman Megan Laher Lesia Fuchs Position Eliminated

--4/25/16 --5/19/16 ----6/23/16 6/23/16 7/21/16 ---

E. Support Staff Transfers Transfer Request

Person Involved

Sue Strebig

From

Staff Requested Transfers MASH Principal/Athletic Secretary

10

To

MASH/MAMS Activities Secretary

Administrative Status P = Pending A = Approved D = Denied R = Retracted RC = Recalled

A

F.

Co-Curricular

Position Title

MASH JV2 Softball Coach (H. Rohland) MASH JV1 Softball Coach (A. Gregory) MAMS Boys Head Track Coach (Klicka) MAMS Boys Assistant Track Coach (Hedtke) MAMS 5th/6th Girls Basketball (Waldhart) MAMS 5th/6th Boys Basketball (Waldhart) MAMS Forensics (C. Frahm) MAMS Grade 7 Head Volleyball (N. Duvall) MAMS Grade 7 Asst Volleyball (B. Duvall) MASH Boys Assistant Hockey Coach MASH Rocketry Advisor (B. Paff) MAMS Grade 8 Boys Basketball (G Shipman) MAMS Grade 8 Boys Asst BB (D. Nelson) MASH Girls Head Varsity BB (S Wildberg) MASH Head Wrestling Coach (T. Brooks) MASH Head Freshman Football (T. Brooks) MASH Head Gymnastics Coach (L Brooks) MASH Girls Head Hockey Coach (Demulling) MASH Junior Class Advisor (Hamland) MASH Assistant Golf Coach (Klapatauskas) MAMS Grade 8 Football Coach (Leonard) MAMS Wrestling Coach (B Marcis) MASH JV1 Girls Basketball (J. Christianson) MASH Girls Varsity Volleyball (D. Vaara) MASH Girls JV2 Basketball (J. Faude) MASH Asst Gymnastics (S. Cain) MASH Asst Cross Country Coach MAMS Gr. 7 Boys Basketball (T. Anderson) MAMS Gr 8 Football Coach (J. Lang) MASH JV3 Volleyball Coach

C = Contract not renewed N = New Position P = Program Proposal R = Resignation Ter = Term

R R R R R R R R R R R R R R R R R R R R R Transfer C R Transfer N R Transfer N

Posting Status / Closing Date

Interviews P = Pending S = Scheduled C = Concluded N = Not Planned

1/27/16 1/27/16 1/27/16 1/27/16 1/27/16 1/27/16 4/12/16 4/12/16 4/12/16 ---6/3/16 6/3/16 6/3/16 5/16/16 5/16/16 5/16/16 6/14/16 N/A N/A 6/14/16 6/14/16 N/A

Contract Status E = Extended A = Accepted T = Transfer B = Board Approved

Remarks

Board Approval Date

B B B B B B

Gregory Smith Erik Kozey Ted Wilson Jason Lang Bruce Peterson James Stokes

2/181/6 2/181/6 2/181/6 2/18/16 2/18/16 2/18/16

C

B

6/23/16

C N C

B B

C C C C

B B B B

Jena O’Flanagan Janel Karsten Matt Haase Not replacing Justin Hraby TBD Dave Vaara Brandon Marcis Dave Breneman Steve Cain

N N

B B A

Cathy Venzke Matt Haase Jason Lang

N

A

Toby Anderson Andrée Brushaber Sherry Meyer

7/18/16-7/27/16 7/18/16-7/27/16 N/A

A A



11

Derek Coffren Heather Schreiner

6/23/16 6/23/16 6/23/16 6/23/16 7/21/16 7/21/16 6/23/16 6/23/16

MEDFORD AREA PUBLIC SCHOOL DISTRICT INDEPENDENT AUDITORS' REPORT ON FINANCIAL STATEMENTS WITH SUPPLEMENTAL FINANCIAL INFORMATION June 30, 2016

MEDFORD AREA PUBLIC SCHOOL DISTRICT June 30, 2016 TABLE OF CONTENTS Independent Auditors' Report Management’s Discussion and Analysis

Page 1-3 4 - 11

Basic Financial Statements: District-wide Financial Statements: Statement of Net Position Statement of Activities

12 13

Fund Financial Statements: Balance Sheet – Governmental Funds 14 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position 15 Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds 16 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 17 Statement of Net Position – Proprietary Funds 18 Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds 19 Statement of Cash Flows – Proprietary Funds 20 Statement of Fiduciary Net Position 21 Statement of Changes in Fiduciary Net Position 22 Notes to Financial Statements Required Supplementary Information: Budgetary Comparison Schedule – General Fund Notes to Budgetary Comparison Schedule – General Fund Schedules of Funding Progress and Employer Contributions Schedules of District’s Proportionate Share of the Net Pension Liability (Asset) and District’s Contributions Notes to the Schedules of District’s Proportionate Share of the Net Pension Liability (Asset) and District’s Contributions Supplemental Information: Schedule of Changes in Assets and Liabilities – Student Organizations’ Funds Combining Balance Sheet – Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds

23 - 55

56 57 - 58 59 60 61

62 63 64

Members of: American Institute of Certified Public Accountants Wisconsin Institute of Certified Public Accountants www.baumancpa.com

Independent Auditors' Report

To the Board of Education Medford Area Public School District Medford, Wisconsin

Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Medford Area Public School District ("District") as of and for the year ended June 30, 2016, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the District as of June 30, 2016, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended, in accordance with accounting principles generally accepted in the United States of America.

P.O. Box 1225 • Eau Claire, WI 54702-1225 715-834-2001 • Fax 715-834-2774 • Toll Free 1-888-952-2866

1

P.O. Box 890 • Hudson, WI 54016 715-386-8181 • Fax 715-386-6020

Emphasis of Matter Change in Accounting Principle As discussed in Note 1B of the notes to the basic financial statements, the District has implemented Governmental Accounting Standards Board (GASB) Statement No. 72, Fair Value Measurement and Application during the year ended June 30, 2016. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis on pages 4-11, budgetary comparison information on page 56, the schedules of funding progress and employer contributions on page 59, and the schedules of District’s proportionate share of the net pension liability (asset) and District’s contributions on page 60 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District’s basic financial statements. The other supplemental information listed in the table of contents on page 62-64 is presented for purposes of additional analysis and is not a required part of the basic financial statements. This other supplemental information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

2

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated January 4, 2017, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.

CERTIFIED PUBLIC ACCOUNTANTS Eau Claire, Wisconsin January 4, 2017

3

MEDFORD AREA PUBLIC SCHOOL DISTRICT MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE FISCAL YEAR ENDED JUNE 30, 2016

The following discussion and analysis of the Medford Area Public School District’s financial information provides an overview of the school district’s financial position and results of operations for the fiscal year. FINANCIAL HIGHLIGHTS x

The assets of the school district exceeded liabilities at the close of the fiscal year by $21,444,333 (net position). Of this amount, $13,690,351 represents amounts invested in capital assets, and $4,630,009 is restricted as detailed in Note 10. This results in net unrestricted assets of $3,123,973.

x

At the end of the current fiscal year, the unassigned fund balances, designated for cash flow purposes in the general fund, were $4,617,848 or a total of 20.4% of total general fund expenditures in 2015-2016. $25,915 is in non-spendable prepaids.

x

The District’s last Funding Report for Post-Employment Benefits was completed for the End of the Year 2015 that set our liability at $2,645,450. As of June 30, 2016 this was funded through our Fund 73 Employee Benefit Trust with Nicolet National Bank that had a net balance of $3,786,766 and a Health Reimbursement Arrangement that is vested 100% to the account holders that had a balance of $795,779. Since the amounts set aside to pay this liability were more than the liability, no additional contribution was made in 2015-2016.

x

In April 2016, a referendum was passed in the District. In June, the financing was completed. With the passage of the referendum, multiple maintenance projects will be completed through-out the District, a new parking lot and drop-off area will be created near the middle school, the pool will receive an upgrade, and projects will be completed in conjunction with the athletic fields.

4

OVERVIEW OF THE FINANCIAL STATEMENTS This annual report consists of three major components – district-wide financial statements, fund financial statements, and notes to the financial statements. In addition, other supplementary information to the basic financial statements is provided. District-wide financial statements The district-wide financial statements are the statement of net position and statement of activities. These statements present an aggregate view of the district’s finances in a manner similar to private-sector business. The statements provide both long-term and short-term information about the district’s overall financial status. Both statements distinguish functions that are supported principally by property taxes and intergovernmental revenues, called governmental activities, from functions that are intended to recover all or a significant portion of costs through user fees and charges called business-type activities. These statements are presented as shown in the table of contents. The statement of net position presents information on all of the district’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the district is improving or deteriorating. The statement of activities presents information showing how the district’s net position changed during the year. This statement reports the cost of government functions and how those functions were financed for the fiscal year. Fund financial statements The district also produces fund financial statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities. The district, like other state and local governments, uses fund accounting to demonstrate compliance with finance related legal requirements. Fund statements generally report operations in more detail than the district-wide statements and provide information that may be useful in evaluating a district’s short-term financing requirements. These statements are presented as shown in the table of contents.

5

There are two fund financial statements, the balance sheet and the statement of revenues, expenditures and changes in fund balance (operating statement). Generally, fund statements focus on short-term inflows and outflows of spendable resources and their impact on fund balance. Because the focus of fund financial statements is narrower than that of the district-wide statements, it is useful to make comparisons between the information presented. This helps readers better understand the long-term implication of the government’s short-term financial decisions. A reconciliation to facilitate the comparison of the Statement of Net Position to the Governmental Funds Balance Sheet as well as the Statement of Activities to the Statement of Revenues, Expenditures and Changes in Fund Balance is presented on the page following each respective governmental funds statement. The district has three kinds of funds: governmental, proprietary and fiduciary. Governmental funds include the district’s six regular funds (general, special revenue trust, debt service, capital projects fund, community service, and package cooperative). The district has one proprietary fund, the food service fund and three fiduciary funds, (an agency fund for student organizations, private-purpose trust fund for scholarships, and the employee-benefit trust fund). Financial information is combined for the general fund and special education fund and presented on both the balance sheet and the statement of revenues, expenditures and changes in fund balance as this is considered to be a major fund. Data for the special revenue trust, debt service, community service fund, and package cooperative fund is combined into a single, aggregated column. Data for each of these individual non-major funds is provided separately as supplementary information. The proprietary fund statements for the district’s food service program are prepared on the same basis of accounting and measurement focus as the district-wide financial statements. In addition, the district provides a statement of cash flows for the proprietary funds. The district serves as a trustee, or fiduciary, for student organizations, private-purpose trusts and other post-employment benefits. The assets of these organizations do not directly benefit nor are under the direct control of the district. The district’s responsibility is limited to ensuring the assets reported in these funds are used only for their intended purposes. Fiduciary activities are excluded from the district-wide financial statements because the district cannot use these assets to finance its operations. The district adopts an annual appropriation budget for its general fund, debt service fund, food service fund, community service fund, and package cooperative fund. Budgetary comparison statements have been provided as required supplementary information to demonstrate budget compliance for the general fund.

6

Notes to financial statements The notes to financial statements provide additional information that is essential to the full understanding of the data provided in the district-wide and fund financial statements. The notes to the financial statements follow the basic financial statements.

FINANCIAL ANALYSIS District-wide Net Position. Table 1, below, provides a summary of the district’s net position for the year ended June 30, 2016 compared to 2015. In governmental activities, net position decreased by $1,248,399 and an increase of $81,496 in net position for business type activities, resulting in an overall decrease in net position of 5.2%. The significant changes to the net position of the district included the funding of the referendum with 10 year notes for $4,180,000 and the financial status of the Wisconsin Retirement System based on the change in their investments from 2014-2015 to 2015-2016. Table 1 Condensed Statement of Net Position (in thousands of dollars) Governmental Activities 2016 2015 ASSETS Current and other assets Non-current assets Total Assets DEFERRED OUTFLOWS Resources related-pensions LIABILITIES Long-term obligations Other liabilities Total Liabilities DEFERRED OUTFLOWS Resources related-pensions NET POSITION Net Investment in capital assets Restricted Unrestricted Total Net Position

Business-type Activities 2016 2015

$ $ $

9,896.9 14,015.1 23,912.0

$ $ $

5,503.9 16,763.6 22,267.5

$ $ $

184.9 44.9 229.8

$

7,157.0

$

1,827.6

$

-

$

$ $ $

5,788.6 1,334.8 7,123.4

$ $ $

626.6 962.8 1,589.4

$ $ $

8.5 8.5

$

2,722.5

$

34.3

$

-

$ $ $ $

13,645.4 4,453.6 3,124.0 21,223.0

$ $ $ $

14,381.0 2,248.9 5,841.5 22,471.4

$ $ $ $

44.9 176.4 221.3

$ $ $

$ $ $

10,081.8 14,060.0 24,141.8

$ $ $

5,684.1 16,817.2 22,501.3

77.4% -16.4% 7.3%

-

$

7,157.0

$

1,827.6

291.6%

$ $ $

94.0 94.0

$ $ $

5,788.6 1,343.3 7,131.9

$ $ $

626.6 1,056.8 1,683.4

823.8% 27.1% 323.7%

$

-

$

2,722.5

$

34.3

7837.3%

$ $ $ $

13,690.3 4,630.0 3,124.0 21,444.3

$ $ $ $

14,434.6 2,335.1 5,841.5 22,611.2

-5.2% 98.3% -46.5% -5.2%

$ $ $ $

180.2 53.6 233.8

Percentage Change 2015-2016

Total School District 2016 2015

53.6 86.2 139.8

In governmental activities, the largest portion of the district’s net position is its investment in capital assets (e.g. land, buildings, and equipment). These assets are used to provide services to students and consequently are not available for future spending. Medford Area Public School District’s buildings are in very good condition as a result of sufficient annual operating funds appropriated for maintenance and repair.

7

Restricted net position, in governmental activities, account for 21.0% of total net position. The restricted net position includes $183,894 for future trust fund expenditures, prepaid expenditures of $25,915, debt service in the amount of $23,213, unspent capital-related debt proceeds of $4,180,861 and $39,784 for future community service expenditures. In business-type activities, the District’s net position includes restricted assets, which are current assets less current liabilities. The remaining assets are classified as net investment in capital assets. Change in net position. Table 2 shows the changes in net position for the fiscal years 2016 and 2015. Table 2 Change in Net Assets (in thousands of dollars) Governmental Activities 2016 2015 Revenues: Program revenues Charges for services Operating and capital grants & contr General revenues Property taxes State formula aid Other Total revenues Expenses: Instruction Pupil & instructional services Administration and business Maintenance and operations Transportation Community service Interest and fees Other Total expenses Change in net position

Business-type Activities 2016 2015

$ $

2,405.9 2,713.8

$ $

1,994.7 2,534.2

$ $

$ $ $ $

7,238.6 12,607.2 120.8 25,086.3

$ $ $ $

6,728.8 12,700.2 112.2 24,070.1

$ $ $ $ $ $ $ $ $ $

15,607.6 3,848.4 2,223.9 2,069.2 1,190.5 190.1 110.0 1,095.0 26,334.7 (1,248.4)

$ $ $ $ $ $ $ $ $ $

14,755.5 3,670.7 2,011.2 1,983.6 1,225.3 83.5 32.4 1,029.8 $ 24,792.0 $ (721.9) $

603.7 546.3

$ $

1,150.0

1,068.5 1,068.5 81.5

$ $

$ $

$ $ $

Total School District 2016 2015

Percentage Change 2015-2016

589.8 537.0

$ $

3,009.6 3,260.1

$ $

2,584.5 3,071.2

16.4% 6.2%

1,126.8

$ $ $ $

7,238.6 12,607.2 120.8 26,236.3

$ $ $ $

6,728.8 12,700.2 112.2 25,196.9

7.6% -0.7% 7.7% 4.1%

1,126.4 1,126.4 0.4

$ $ $ $ $ $ $ $ $ $

15,607.6 3,848.4 2,223.9 2,069.2 1,190.5 190.1 110.0 2,163.5 27,403.2 (1,166.9)

$ $ $ $ $ $ $ $ $ $

14,755.5 3,670.7 2,011.2 1,983.6 1,225.3 83.5 32.4 2,156.2 25,918.4 (721.5)

5.8% 4.8% 10.6% 4.3% -2.8% 127.7% 239.5% 0.3% 5.7%

Property taxes for governmental activities increased $509,798, in part due to an increase over the revenue limit for energy efficient projects and a decrease in general state aid of $93,020. Property taxes and general state aid account for 79.1% of governmental activity revenue. Charges for services account for 9.6% of governmental activity revenue and 52.5% of businesstype activities. Overall, governmental and business type expenditures increased 5.7%. Instruction and pupil and instructional service related expenditures account for 73.9% of governmental activity expenses. Administration and business account for 8.4% of governmental activity expenses. Governmental Activities The district relies primarily on property taxes and general state aid to fund governmental activities. School funding regulations restrict the amount by which these two revenue sources, in

8

combination, may be increased. This restriction, called revenue limit, is intended to help hold down increases in property taxes throughout the state. During the fiscal year, the district certified $6,984,357 in property taxes subject to the revenue limit. In addition, $234,335 was levied for the community service purposes. General state aid is paid according to a formula taking into consideration district spending per member and property values per member as compared to spending per member and property values per member for the state as a whole. The state has eliminated their requirement to fund two-thirds of school’s shared costs – this action will continue to shift the state’s burden of funding schools onto local property taxpayers.

RevenuesbySourceͲ GovernmentalActivities

Chargefor Services 9.6%

Other 0.5%

OperatingGrants andContributions 10.8%

StateAid 50.2% PropertyTaxes 28.9%

The following chart shows the portion of the district’s expenses allocated to each function.

ExpensesbyFunctionͲ GovernmentalActivities Pupil& Instructional Services,14.6%

Administration& Business,8.4% Maintenance& Operations,7.8%

Transportation, 4.6%

Instruction,59.3%

Other,4.2%

Community Services,0.7%

9

Interest&Fees, 0.4%

Governmental Funds

The district completed the year with a total governmental fund balance of $9,078,606 consisting of $4,643,763 in the general fund, $4,180,861 in the capital projects fund and $253,982 in other governmental funds. The general fund balance increased by $152,782 from June 30, 2015. Budgetary notes. Differences between the original and final budget for the general and special education funds include adjustments for: x

Other adjustments that reflect normal operating conditions from the budget to actual expenditures.

Differences between the final budget and actual results for the general and special education funds were: x

The general fund and special education fund final budget were adjusted to the actual results. CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets At the end of the fiscal year, the district had invested $38,543,413 in a broad range of capital assets, including buildings, sites, and equipment. Total accumulated depreciation on these assets is $24,472,426 for governmental activities and $277,104 for business-type activities. The district recognized depreciation expense of $861,483 for the district as a whole during the fiscal year. T ab l e 3 C ap i t al A sset s (in t housands of dollars) G o ver nment al A ct i vi t i es 2 0 16 2 0 15 Land Sit e improvement s B uildings & building improvement s Equipment & f urnit ure A ccumulat ed depreciat ion T o t al

$ $ $ $ $ $

305 20 35,689 2,207 (24,472) 13 , 74 9

$ $ $ $ $ $

295 20 35,689 2,006 (23,629) 14 , 3 8 1

10

B usi ness- t yp e A ct i vi t i es 2 0 16 2 0 15

$ $ $

322 (277) 45

$ $ $

322 (268) 54

T o t al S cho o l D i st r i ct 2 0 16 2 0 15 $ $ $ $ $ $

305 20 35,689 2,529 (24,749) 13 , 79 4

$ $ $ $ $ $

295 20 35,689 2,328 (23,897) 14 , 4 3 5

P er cent ag e C hang e 2 0 15- 2 0 16 3.4% 0.0% 0.0% 8.6% 3.6% -4.4%

Debt Administration

Outstanding Long-Term Obligations

Promissory note Notes payable Deferred issuance premium Less deferred issue discount Total

Long-term Liability Long-term Liability 2015-2016 2014-2015 765,000 $ 630,000 $ 4,180,000 104,393 (3,448) (4,372) $ 4,910,945 $ 760,628

Of the long-term portion listed above, $140,000 from the promissory note is due within the next year and $360,000 of the note payable is due within the next year. FACTORS BEARING ON THE DISTRICT’S FUTURE Current circumstances that may impact the district’s financial status in the future are: x

Certain aspects of ACT 10 and ACT 32 are controversial and could be changed in the future.

x

In addition to ACT 10 and ACT 32, State legislative discussions on future state budgets could potentially alter future fiscal year revenue receipts.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT This financial report is prepared to provide a general overview of the district’s finances and to demonstrate the district’s accountability for the money it receives. If you have questions about this report or need additional financial information, contact Jeff Albers, Director of Business Services, Medford Area Public School District, 124 West State Street, Medford, WI 54451.

11

MEDFORD AREA PUBLIC SCHOOL DISTRICT STATEMENT OF NET POSITION June 30, 2016 Governme ntal Activitie s ASSETS Current assets: Cash and cash equivalents Taxes receivable Other receivables Due from other governments Prepaid expenses Total current assets

$

6,189,628 $ 2,478,706 53,516 1,149,088 25,915 9,896,853

Noncurrent assets: Capital assets Less - Accumulated depreciation Total capital assets, net of depreciation Net OPEB prepayment Total noncurrent assets Total assets

38,221,376 (24,472,426) 13,748,950 266,196 14,015,146

Business-type Activitie s

175,182 $ 65 7,012 2,598 184,857

322,037 (277,104) 44,933 44,933

Totals

6,364,810 2,478,706 53,581 1,156,100 28,513 10,081,710

38,543,413 (24,749,530) 13,793,883 266,196 14,060,079

$

23,911,999 $

229,790 $

24,141,789

DEFERRED OUTFLOWS OF RESOURCES Resources related to pensions $

7,156,986 $

- $

7,156,986

825,338 $ 509,516 1,334,854

- $ 8,515 8,515

825,338 8,515 509,516 1,343,369

$

1,387,165 4,401,429 5,788,594 7,123,448 $

8,515 $

1,387,165 4,401,429 5,788,594 7,131,963

$

2,722,479 $

- $

2,722,479

$

13,645,418 $ 4,453,667 3,123,973

44,933 $ 176,342 -

13,690,351 4,630,009 3,123,973

$

21,223,058 $

221,275 $

21,444,333

LIABILITIES Current liabilities: Accounts payable and accrued expenses Unearned revenues Current portion of long-term obligations Total current liabilities Noncurrent liabilities: Net pension liability Noncurrent portion of long-term obligations Total noncurrent liabilities Total liabilities DEFERRED INFLOWS OF RESOURCES Resources related to pensions NET POSITION Net investment in capital assets Restricted Unrestricted Total net position

$

See accompanying notes to the financial statements. 12

MEDFO RD AREA PUBLIC SCHO O L DISTRICT STATEMENT O F ACTIVITIES For the Year Ended June 30, 2016

Program revenues Functions/Programs Governmental activitie s Instruction: Regular Vocational Special education Other

Expenses $ 10,442,662 $ 753,300 3,305,723 1,105,966

T otal instruction Support services: Pupil services Instructional staff services General administration services School administration services Business services Operations and maintenance of plant services Pupil transportation services Central services Other support services Community services Interest and fees (excludes direct allocations to functions) Depreciation - unallocated (excludes direct allocations to functions) T otal support services

Charges for Services

Operating Grants and Contributions

Net (expenses) revenue and changes in net position Capital Grants and Contributions

Government Activities

Business-type Activities

(7,788,611) $ (718,786) (1,931,190) (1,057,610)

- $ -

T otal

1,991,416 $ 15,300 79,720 48,356

662,635 $ 19,214 1,294,813 -

- $ -

(7,788,611) (718,786) (1,931,190) (1,057,610)

15,607,651

2,134,792

1,976,662

-

(11,496,197)

-

(11,496,197)

1,097,418 2,750,942 332,724 1,446,881 444,234

217,749 -

20,705 502,503 -

-

(858,964) (2,248,439) (332,724) (1,446,881) (444,234)

-

(858,964) (2,248,439) (332,724) (1,446,881) (444,234)

2,069,175 1,190,518 215,615 211,816 190,068

11,984 41,408

125,163 88,800 -

-

(2,057,191) (1,065,355) (215,615) (123,016) (148,660)

-

(2,057,191) (1,065,355) (215,615) (123,016) (148,660)

110,044

-

-

-

(110,044)

-

(110,044)

667,589

-

-

-

(667,589)

-

(667,589)

10,727,024

271,141

737,171

-

(9,718,712)

-

(9,718,712)

T otal governmental activities 26,334,675

2,405,933

2,713,833

-

(21,214,909)

-

(21,214,909)

603,678

546,344

-

3,009,611 $

3,260,177 $

-

Busine ss-type activitie s Food services T otal school district

1,068,526 $ 27,403,201 $

(21,214,909)

General revenues: T axes: Property taxes, levied for general purposes Property taxes, levied for debt service on long-term debt Property taxes, levied for community services Other taxes State and federal aids not restricted to specific purposes: General Other Interest Miscellaneous T otal general revenues Change in net position Net position - Beginning of year Net position - End of year

$

See accompanying notes to the financial statements. 13

81,496 81,496

81,496 (21,133,413)

6,823,927 160,430 234,335

-

6,823,927 160,430 234,335

19,860

-

19,860

12,572,180 35,039 3,651 117,088 19,966,510 (1,248,399) 22,471,457 21,223,058 $

81,496 139,779 221,275 $

12,572,180 35,039 3,651 117,088 19,966,510 (1,166,903) 22,611,236 21,444,333

MEDFORD AREA PUBLIC SCHOOL DISTRICT BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2016

General Fund ASSETS Cash and cash equivalents Property taxes receivable Accounts receivable Due from other governments Prepaid expenditures Total assets LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities Total liabilities

Other Total Governmental Governmental Funds Funds

$

1,749,190 $ 2,478,706 50,692 1,149,088 25,915

4,180,861 $ -

259,577 $ 2,824 -

6,189,628 2,478,706 53,516 1,149,088 25,915

$

5,453,591 $

4,180,861 $

262,401 $

9,896,853

$

809,828 $ 809,828

8,419 $ 8,419

818,247 818,247

Fund balances: Nonspendable: Prepaid expenditures Restricted for: District operations per donor specifications Debt service Capital projects Future community service expenditures Unassigned Total fund balances Total liabilities and fund balances

Capital Projects Fund

25,915

-

$

-

$

-

-

25,915

4,180,861

183,894 30,304 -

183,894 30,304 4,180,861

4,617,848 4,643,763

4,180,861

39,784 253,982

39,784 4,617,848 9,078,606

5,453,591 $

4,180,861 $

262,401 $

9,896,853

See accompanying notes to the financial statements. 14

MEDFORD AREA PUBLIC SCHOOL DISTRICT RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION June 30, 2016

Total fund balances - governmental funds

$

9,078,606

Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds. The cost of the assets is $38,221,376 and the accumulated depreciation is $24,472,426.

13,748,950

Deferred outflows related to the pension are not financial resources and therefore are not reported in the governmental fund statements.

7,156,986

Net pension liability and the deferred inflows related to the pension are not due and payable in the current period and therefore are not reported in the governmental fund statements.

(4,109,644)

The net OPEB asset related to the District's postemployment benefits is not a financial resource and therefore is not reported as an asset in the governmental funds.

266,196

Long-term liabilities, such as notes payable and deferred debt issuance premium and discount are not due and payable in the current period and accordingly are net reported as fund liabilities. Interest on long-term debt is not accrued in the governmental funds, but rather is recognized as an expenditure when due. All liabilities - both current and long-term are in the statement of net position as follows: Accrued interest on notes

(7,091)

G.O. promissory notes

$

Premium on G.O. promissory notes

(4,810,000) (104,393)

Discount on G.O. promissory notes

3,448

Total long-term liabilities

(4,910,945)

Net position of governmental activities

$

See accompanying notes to the financial statements. 15

21,223,058

MEDFORD AREA PUBLIC SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS For the Year Ended June 30, 2016

REVENUES Local Interdistrict Intermediate State Federal Other

$

Total revenues EXPENDITURES Instruction: Regular Vocational education Special education Other Total instruction Support services: Pupil services Instructional staff services General administration services School administration services Business services Operations and maintenance Pupil transportation Central services Community service Debt service: Principal Interest and other charges Issuance costs Other support services/nonprogram Total support services Total expenditures Excess (deficiency) of revenues over (under) expenditures

General

Capital Projects

Other Governmental

Total Governmental

Fund

Fund

Funds

Funds

6,934,737 $ 1,926,587 206,725 13,835,017 1,127,523 104,560

861 $ -

24,135,149

861

9,428,555 694,148 3,173,580 1,026,991 14,323,274

661,168 $ 289,098 104,393

7,596,766 2,215,685 206,725 13,835,017 1,127,523 208,953

1,054,659

25,190,669

-

589,718 5,495 2,121 597,334

10,018,273 699,643 3,175,701 1,026,991 14,920,608

1,001,270 1,715,122 322,861 1,205,938 319,387 2,114,996 1,166,112 215,615 -

-

51,913 1,028,772 193,884 48,336 24,406 189,144

1,053,183 2,743,894 322,861 1,399,822 367,723 2,114,996 1,190,518 215,615 189,144

7,854 -

-

135,000 25,430 75,103

135,000 33,284 75,103

211,816 8,280,971

-

1,771,988

211,816 10,052,959

22,604,245

-

2,369,322

24,973,567

1,530,904

861.00

(1,314,663)

(1,378,122) (1,378,122)

4,180,000 4,180,000

1,378,122 1,378,122

4,180,861

63,459

4,397,102

190,523

4,681,504

253,982 $

9,078,606

217,102

OTHER FINANCING SOURCES (USES) Operating transfers in Capital - related notes issued Operating transfers out

Net change in fund balances

152,782

Fund balances - beginning of year Fund balances - end of year

4,490,981 $

See accompanying notes to the financial statements. 16

4,643,763 $

4,180,861 $

1,378,122 4,180,000 (1,378,122) 4,180,000

MEDFORD AREA PUBLIC SCHOOL DISTRICT RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES For the Year Ended June 30, 2016 Net change in fund balances—Total governmental funds

$

4,397,102

Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of these assets is allocated over their estimated useful lives as depreciation expense. Capital outlay reported in governmental fund statements Depreciation expense reported in the statement of activities

$

220,986 (852,845)

(631,859)

(227)

(227)

Governmental funds do not report capital assets, however when they are disposed, the net book values are shown as a loss (or a reduction of sales proceeds) in the statement of activities. Net book value of assets disposed Proceeds from the issuance of notes payable and the related premium are reported as other financing sources in the governmental funds, however these amounts are shown as increases in long-term liabilities in the statement of net position by the face amount of the bonds issued plus any premium received.

(4,284,393)

Discounts related to the bond issue are reflected as a current expenditure in the governmental funds. These discounts are shown as an other asset in the statement of net position and amortized over the term of the bonds.

(924)

Principal payments on the notes are expenditures in the governmental funds, but these repayments reduce long-term liabilities in the statement of net position.

135,000

(4,150,317)

The employer share of pension expense incurred after the net pension asset measurement date of December 31, 2015 and through June 2016 is shown as an expenditure in the fund financial statements when due and thus requires the use of current financial resources. In the statement of activities however, this amount is reported as a deferred outflow of resources since these contributions occur subsequent to the measurement date used to record the net pension asset (liability) Prior year deferred outflows for contributions made during the current measurement period Contributions subsequent to the measurement date from January 1, 2016 through June 30, 2016

(510,211) 509,010

Adjustment for the difference in basis of pension expense reporting for government-wide financial statements

(838,390)

(839,591)

The measurement of the net OPEB obligation is not a current use of funds and is not reflected in the fund financial statements. This is recorded as a liability on the statement of net position. The change in this liability is recorded in the statement of activities. The current year increase is $22,774 and is a decrease in net position.

(22,774)

Some expenses reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds. These are the following: Accrued interest payable

(733) (733)

Change in net position of governmental activities

$

See accompanying notes to the financial statements. 17

(1,248,399)

MEDFORD AREA PUBLIC SCHOOL DISTRICT STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2016 Business-type Activities Enterprise Funds Food Service ASSETS Current assets: Cash and cash equivalents Accounts receivable Prepaid food service contractor expenditures Due from other governments Total current assets

$

Noncurrent assets: Furniture and equipment Less - Accumulated depreciation Total noncurrent assets

175,182 65 2,598 7,012 184,857

322,037 (277,104) 44,933

Total assets

$

229,790

$

8,515 8,515

Total liabilities

$

8,515

NET POSITION Net investment in capital assets Restricted for use in food service operations

$

44,933 176,342

Total net position

$

221,275

LIABILITIES Current liabilities: Unearned revenue Total current liabilities

See accompanying notes to the financial statements. 18

MEDFORD AREA PUBLIC SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS For the Year Ended June 30, 2016

Business-type Activities Enterprise Funds Food Service OPERATING REVENUES Food service sales State matching and other Grants - child nutrition program Total operating revenues

$

OPERATING EXPENSES Professional and contract services Depreciation Total operating expenses

603,678 19,266 527,078 1,150,022

1,059,888 8,638 1,068,526

Operating income

81,496

Change in net position

81,496

Net position - Beginning of year

139,779

Net position - End of year

$

See accompanying notes to the financial statements. 19

221,275

MEDFORD AREA PUBLIC SCHOOL DISTRICT STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Year Ended June 30, 2016 Business-type Activities Enterprise Funds Food Service CASH FLOWS FROM OPERATING ACTIVITIES: Cash received from user charges

$

Operating grants received

623,692 548,895

Cash payments to employees for services

(1,059,888)

Cash payments to suppliers for goods and services

(34,521)

Net cash provided by operating activities

78,178

Net change in cash and cash equivalents

78,178

Cash and cash equivalents - beginning

97,004

Cash and cash equivalents - end

$

175,182

$

81,496

Reconciliation of operating income to net cash provided by operating activities: Operating income Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation

8,638

Changes in assets and liabilities: Due from other governments

2,551

Prepaid supplies

49,402

Accounts receivable

21,542

Unearned revenues

(1,528)

Accounts payable and accrued expenses

(83,923)

Net cash provided by operating activities

$

NONCASH NONCAPITAL OPERATING ACTIVITIES During the year the District received $75,377 of food commodities from the U.S. Department of Agriculture.

See accompanying notes to the financial statements. 20

78,178

MEDFORD AREA PUBLIC SCHOOL DISTRICT STATEMENT OF FIDUCIARY NET POSITION June 30, 2016 PrivatePurpose Trust ASSETS Cash and cash equivalents Investment, at fair value: Bonds and bond mutual funds Mutual funds - Equity securities

$

EmployeeBenefit Trust

3,299 $ -

Total assets

$

LIABILITIES Due to student organizations Total liabilities NET POSITION Restricted for scholarships Restricted for employee benefit plans (held in trust) Total net position

See accompanying notes to the financial statements. 21

Agency Fund

980,783 $ 1,830,038 975,945

3,299 $

106,260 -

3,786,766 $

106,260

$

-

$

-

$

106,260

$

-

$

-

$

106,260

$

3,299 $ -

3,786,766

$

3,299 $

3,786,766

MEDFORD AREA PUBLIC SCHOOL DISTRICT STATEMENT OF CHANGES IN FIDUCIARY NET POSITION For the Year Ended June 30, 2016 PrivatePurpose Trust

EmployeeBenefit Trust

ADDITIONS: Investment income (loss): Interest and dividends Net change in fair value Less - Investment expense Net investment income Private donations Total additions

37,595 37,595

162,537 (87,141) (24,399) 50,997 50,997

DEDUCTIONS: Payment of benefits to trust fund participants Implicit rate subsidy Scholarships awarded Total deductions

40,092 40,092

247,971 22,774 270,745

(2,497)

(219,748)

5,796

4,006,514

3,299 $

3,786,766

Change in net position Net position - beginning of year Net position - end of year

$

See accompanying notes to the financial statements. 22

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the Medford Area Public School District ("District") conform to accounting principles generally accepted in the United States of America applicable to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. A.

REPORTING ENTITY

The Medford Area Public School District is organized as a common school district. The District, governed by a nine member elected school board, operates grades K through 12 and is comprised of all or parts of fourteen taxing districts. This report includes all of the funds of the District. The reporting entity for the District consists of (a) the primary government, (b) organizations for which the primary government is financially accountable, and (c) other organizations for which the nature and significance of their relationship with the primary government are such that their exclusion would cause the reporting entity’s financial statements to be misleading or incomplete. Component units are legally separate organizations for which the elected officials of the primary government are financially accountable. The primary government is financially accountable if it appoints a voting majority of the organization’s governing body and (1) it is able to impose its will on that organization or (2) there is a potential for the organization to provide specific financial benefits to or burdens on the primary government. The primary government may be financially accountable if an organization is fiscally dependent on the primary government. This report does not contain any component units and the District is not included in any other governmental reporting entity. B.

NEW ACCOUNTING PRINCIPLE AND BASIS OF PRESENTATION

New Accounting Principle The Governmental Accounting Standards Board (GASB) has issued GASB Statement No. 72, Fair Value Measurement and Application. GASB Statement No. 72 provides guidance for determining a fair value measurement for financial reporting purposes and applying fair value to certain investments and disclosures related to all fair value measurements. The District has adopted this standard for the year ended June 30, 2016. District-wide Financial Statements The statement of net position and statement of activities display information about the reporting government as a whole. They include all funds of the reporting entity except for fiduciary funds. The statements distinguish between governmental and business-type activities. Governmental activities generally are financed through taxes, intergovernmental revenues, and other nonexchange revenues. Business-type activities are financed in whole or in part by fees charged to external parties for goods or services.

23

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

B.

NEW ACCOUNTING PRINCIPLES AND BASIS OF PRESENTATION (Continued)

District-wide Financial Statements (Continued) The statement of activities demonstrates the degree to which the direct expenses of given functions or segments are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. The District does not allocate indirect expenses to functions in the statement of activities. Program revenues include 1) charges to customers or applicants who purchase, use or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though the latter are excluded from the district-wide financial statements. Major individual governmental funds are reported as separate columns in the fund financial statements. As a general rule, the effect of interfund activity has been eliminated from the district-wide financial statements. Internally dedicated resources are reported as general revenues rather than as program revenues. Fund Financial Statements Fund financial statements of the reporting entity are organized into funds each of which are considered to be separate accounting entities. Each fund is accounted for by providing a separate set of selfbalancing accounts, which constitute its assets, liabilities, fund equity, revenues, and expenditures. Funds are organized as major funds or non-major funds within the governmental, proprietary and fiduciary statements. An emphasis is placed on major funds within the governmental category. A fund is considered major if it is the primary operating fund of the District or meets the following criteria: a. Total assets, liabilities, revenues, or expenditures/expenses of that individual governmental or enterprise fund are at least 10 percent of the corresponding total for all funds of that category or type, and b. Total assets, liabilities, revenues or expenditures of the individual governmental or enterprise fund are a least 5 percent of the corresponding total for all governmental and enterprise funds combined. c. In addition, any other governmental fund that the District believes is particularly important to financial statement users may be reported as a major fund.

24

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

B.

NEW ACCOUNTING PRINICIPLES AND BASIS OF PRESENTATION (Continued)

Governmental Funds Governmental funds are identified as general, special revenue, debt service, capital projects, or permanent funds based upon the following guidelines. General Fund The General Fund is the general operating fund of the District and is always classified as a major fund. It is used to account for all financial resources except those required to be accounted for in another fund, except that the special education fund, a required fund mandated by the Wisconsin Department of Public Instruction, does not meet the GAAP definition of a special revenue fund and is reported in the general fund for financial reporting purposes. Special Revenue Funds Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital projects or expendable trusts) that are legally restricted to expenditures for specified purposes. Capital Projects Funds Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by proprietary funds and trust funds). Debt Service Funds Debt Service Funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs. Permanent Funds Permanent funds are used to account for resources legally held in trust. All resources of the fund, including any earnings on invested resources, may be used to support the organization. Proprietary Funds Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal value. Nonoperating revenues, such as interest earnings, result from nonexchange transactions or ancillary activities. The food service fund is identified as the lone proprietary fund of the District based upon the following guideline: The food service fund is used to account for the financial resources (primarily user fees and state and federal aid) used to support pupil and adult employee food service expenditures of the District.

25

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

B.

NEW ACCOUNTING PRINCIPLES AND BASIS OF PRESENTATION (Continued)

Fiduciary Funds (Not included in district-wide statements) Private-Purpose Trust Funds Private-purpose Trust Funds are used to account for resources legally held in trust for student scholarships. Employee-Benefit Trust Funds Employee-benefit Trust Funds are used to account for resources legally held in trust for future other post-employment benefits. Agency Funds Agency funds are used to account for assets held by the District as an agent for individuals, private organizations, and/or other governmental units. Major Funds The District reports the following major governmental funds: x x

General Fund Capital Projects Fund

Non-major Funds The District reports the following non-major governmental funds: x

Special Revenue Funds – o Special Revenue Trust Fund o Community Service Fund o Package Cooperative Fund

x

Debt Service Fund

The District reports the following non-major proprietary fund: x

x

Food Service Fund

Fiduciary Funds The District reports the following fiduciary funds: x x x

Agency fund (Student Activity Fund) Private-purpose trust Employee-benefit trust (OPEB Trust)

26

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1 C.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) BASIS OF ACCOUNTING

The district-wide statement of net position and statement of activities and the financial statements of the proprietary and fiduciary funds are presented using the economic resources measurement focus and the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or economic asset used. Revenues, expenses, gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. For the Medford Area Public School District Post Employment Trust, plan member contributions are recognized when due and employer contributions are recognized when due and has made a formal commitment to provide the contributions. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. The modified accrual basis of accounting is followed by the governmental funds. Under the modified accrual basis of accounting, revenues are recorded when susceptible to accrual, i.e. both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the related fund liability is incurred, except for unmatured interest on long-term debt, claims, judgments, compensated absences, and pension expenditures, which are recorded as a fund liability when expected to be paid with expendable available financial resources. Property tax revenues are recognized as revenue in the fiscal year levied as the District considers the property taxes as due prior to June 30. The District considers the taxes as due on February 1, the date from which interest and penalties accrue for non-payment of a scheduled installment. Full receipt of the entire levy is assured within sixty days of the school’s fiscal year end. Receipt of the balance of taxes levied within sixty days meets the requirements for availability in accordance with generally accepted accounting principles applicable to governmental entities. Property taxes are collected by local taxing districts until January 31. Real estate tax collections after that date are made by the county, which assumes all responsibility for delinquent real estate taxes. The aggregate amount of property taxes to be levied for district purposes is determined according to provisions of Chapter 120 of the Wisconsin Statutes. Property taxes levied by the District are certified to local taxing districts for collection. Property taxes attach as an enforceable lien as of February 1. Taxes are levied on the assessed value as of the prior January 1. Property tax calendar – 2015 tax roll: Lien date and levy date Tax bills mailed Payment in full, or First installment due Second installment due Personal property taxes in full

October, 2015 December, 2015 January 31, 2016 July 31, 2016 January 31, 2016

27

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1 C.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) BASIS OF ACCOUNTING (Continued)

State general and categorical aids and other entitlements are recognized as revenue in the period the District is entitled to the resources and the amounts are available. Expenditure-driven programs currently reimbursable are recognized as revenue when the qualifying expenditures have been incurred and the amounts are available. Amounts owed to the District which are not available are recorded as receivables and deferred revenue. Amounts received prior to the entitlement period are also recorded as deferred revenue. Revenues susceptible to accrual include property taxes, miscellaneous taxes, expenditure-driven grant programs, public charges for services, and investment income. Charges for services provided to other educational agencies and private parties are recognized as revenue when services are provided. Charges for special educational services are not reduced by anticipated state special education aid entitlements. For governmental fund financial statements, deferred revenues arise when potential revenues do not meet both the “measurable” and “available” criteria for recognition in the current period. Deferred revenues also arise when resources are received before the District has a legal claim to them as when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the District has a legal claim to the resources, the liability for deferred revenue is removed from the combined balance sheet and revenue is recognized. D.

MEASUREMENT FOCUS

On the district-wide statement of net position and statement of activities governmental activities are presented using the economic resources measurement focus. Under this concept, revenues and expenses are matched using the accrual basis of accounting. The measurement focus of all governmental funds is the flow of current financial resources concept. Under this concept, sources and uses of financial resources, including capital outlays, debt proceeds and debt retirements are reflected in operations. Resources not available to finance expenditures and commitments of the current period are recognized as deferred revenue or a reservation of funds equity. Liabilities for claims, judgments, compensated absences and pension contributions which will not be currently liquidated using expendable available financial resources are included as liabilities in the district-wide financial statements but are excluded from the governmental fund financial statements. The related expenditures are recognized in the governmental fund financial statements when the liabilities are liquidated. E.

INVENTORIES

Governmental and proprietary fund inventories are recorded at cost based on the FIFO (first-in, firstout) method using the consumption method of accounting.

28

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

F.

LONG-TERM OBLIGATIONS

The accounting treatment of long-term debt depends on whether the assets are used in governmental fund operations or proprietary fund operations and whether they are reported in the district-wide or fund financial statements. All long-term debt to be repaid from governmental resources is reported as a liability in the districtwide statements. The long-term debt consists primarily of notes, bonds or loans payable, capital leases and accrued compensated absences. Long-term debt for governmental funds is not reported as a liability in the fund financial statements. The debt proceeds are reported as other financing sources and payment of principal and interest are reported as expenditures. G.

CAPITAL ASSETS

District-Wide Statements In the district-wide financial statements and the proprietary fund statements, fixed assets are accounted for as capital assets. All fixed assets are valued at historical cost or estimated historical cost if actual is unavailable, except for donated fixed assets which are recorded at their estimated fair value at the date of donation. The District capitalizes all capital asset additions of $3,000 or more. Depreciation of all exhaustible fixed assets is recorded as an allocated expense in the statement of activities, with accumulated depreciation reflected in the statement of net position. Depreciation is provided over the assets’ estimated useful lives using the straight-line method of depreciation. The range of estimated useful lives by type of asset is as follows: - Site Improvements - Buildings - Building Improvements - Furniture and equipment - Computer and related technology - Library books

10-20 years 50 years 20 years 5-15 years 5 years 7 years

The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend its life are not capitalized. Fund Financial Statements In the fund financial statements, capital assets used in governmental funds are accounted for as capital outlay expenditures of the governmental fund upon acquisition. Capital assets are not capitalized and related depreciation is not reported in the fund financial statements. 29

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

H.

INTERFUND RECEIVABLES AND PAYABLES

During the course of operations transactions occur between individual funds that may result in amounts owed between funds. Short-term interfund loans are reported as “due to and from other funds.” Longterm interfund loans (noncurrent portion) are reported as “advances from and to other funds.” Interfund receivables and payables between funds within governmental activities are eliminated in the statement of net position. I.

BUDGETS

Budgetary information is derived from the annual operating budget and is presented using the same basis of accounting for each fund as described in Note 1.C. The budgeted amounts presented include amendments adopted during the year. Transfers between functions and changes to the overall budget must be approved by a two-thirds board action. There were no supplemental appropriations during the year. Appropriations lapse at year end unless specifically carried over. There were no carryovers to the following year. Budgets are adopted at the function level for all other funds. J.

ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS

No allowance for uncollectible accounts has been recorded as all amounts are considered collectible. K.

DEFERRED OUTFLOWS OF RESOURCES AND DEFERRED INFLOWS OF RESOURCES

As applicable, the statements of net position and balance sheets report a separate section for deferred outflows of resources after total assets and for deferred inflows after total liabilities. These are distinct and separate financial statement elements which represent the net position that applies to future periods and thus will not be recognized as an outflow (expense) or inflow (revenue) until that time. The District has one item that qualifies as a deferred outflow of resources and one item that qualifies as a deferred inflow of resources; these are the deferred amounts relating to pensions. See Note 7 for additional information related to the deferred outflows and inflows relating to pensions. L.

PENSIONS

For purposes of measuring the net pension liability (asset), deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Wisconsin Retirement System (WRS) and additions to/deductions from WRS’ fiduciary net position have been determined on the same basis as they are reported by WRS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. M.

OTHER ASSETS

In governmental funds, debt issuance discounts are recognized in the current period. For the districtwide financial statements, governmental activity debt discounts are amortized over the life of the debt issue.

30

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

N.

CLAIMS AND JUDGMENTS

Claims and judgments are recorded as liabilities if all the conditions of Governmental Accounting Standards Board pronouncements are met. Claims and judgments that would normally be liquidated with expendable available financial resources are recorded during the year as expenditures in the governmental funds. If they are not to be liquidated with expendable available financial resources, no liability is recognized in the governmental fund statements. The related expenditure is recognized when the liability is liquidated. Claims and judgments are recorded in the district-wide financial statements as expense when the related liabilities are incurred. There were no significant claims or judgments at year end. O.

INTERFUND TRANSACTIONS

Quasi-external transactions are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. All other interfund transactions, except quasi-external transactions and reimbursements, are reported as transfers. Nonrecurring or nonroutine permanent transfers of equity are reported as residual equity transfers. All other interfund transfers are reported as operating transfers. P.

CASH AND CASH EQUIVALENTS

The District’s cash and cash equivalents consist of cash on hand, time and demand deposits with financial institutions, balances in the state investment pool and investments with original maturities of three months or less from the date of acquisition. Investments are stated at fair value in accordance with GASB Statement No. 72 Fair Value Measurement and Application, which is the amount at which an investment could be exchanged in a current transaction between willing parties. Fair values are based on quoted market prices. Adjustments necessary to record investments at fair value are recorded in the operating statement as an increase or decrease in investment income. Investment income on comingled investments of District funds is allocated to funds based on average cash balance and estimate average interest rate.

31

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Q.

FAIR VALUE MEASURMENT

The District categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These guidelines recognize a three-tiered fair value hierarchy, as follows: Level 1

Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the District has the ability to access.

Level 2

Inputs to the valuation methodology include: x Quoted prices for similar assets or liabilities in active markets x Quoted prices for identical or similar assets or liabilities in inactive markets x Inputs other than quoted prices that are observable for the asset or liability x Inputs that are derived principally from or corroborated by observable market data by correlation or other means If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3

Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at June 30, 2016. Mutual Funds: Valued at the daily closing prices as reported by the fund. Mutual funds held by the District are open-end mutual funds that are registered with the Securities and Exchange Commission. The mutual funds held by the District are deemed to be actively traded. Open-end mutual funds are required to publish their daily net asset value (NAV) and to transact at that price. Close-end mutual funds are valued at the closing price reported on the active market on which the securities are traded. Equity Securities: Valued at the daily closing prices as reported by the security. Equity securities held by the District are registered with the Securities and Exchange Commission. The equity securities held by the District are deemed to be actively traded. External Investment Pool: Valued at amortized cost, which approximates fair value. The District participates in the Local Government Investment Pool, which is part of the State Investment Fun. The State Investment Fund is invested in highly liquid, short-term fixed income securities. Fixed Income Securities: District holds fixed income securities which are investments in debt instruments issued by a governmental agency to finance and expand the governmental agency’s operations. Provides the District with a return in the form of fixed period payments and eventual return of principal upon maturity. These securities are priced using evaluated price provided by an independent pricing vendor or broker/dealer. 32

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

R.

EQUITY CLASSIFICATIONS

District-Wide Statements Equity is classified as net position and displayed in three components: a. Net investment in capital assets – Consists of capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. If there are significant unspent related debt proceeds at year-end, the portion of the debt attributable to the unspent proceeds are not included in the calculation of net investment in capital assets. b. Restricted net position – Consists of net position with constraints placed on the use either by 1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments or, 2) law through constitutional provisions or enabling legislation. c. Unrestricted net position – All other net position that does not meet the definition of “restricted” or “net investment in capital assets”. Fund Statements Governmental funds: Equity is classified as fund balance and displayed in five possible components: a. Nonspendable – Consists of amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. b. Restricted net assets – Consists of amounts with constraints placed on the use either by 1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments or, 2) law through constitutional provisions or enabling legislation. c. Committed – consists of amounts that are imposed by formal action of the Board of Education, the government’s highest level of decision-making authority. A committed fund balance may be established, modified or removed only by a majority vote (2/3) of the elected school board.

33

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

R.

EQUITY CLASSIFICATIONS (Continued)

Fund Statements (Continued) Governmental funds (Continued): d. Assigned – consists of amounts that are constrained by the District’s intent to be used for specific purposes, but are neither restricted nor committed. In governmental funds other than the general fund, assigned fund balance represents the remaining amount that is not restricted or committed. The Board of Education delegates to the Director of Business Services or his/her designee the authority to assign amounts to be used for specific purposes. Such assignments cannot exceed the available (spendable, unrestricted, uncommitted) fund balance in any particular fund. e. Unassigned – consists of residual classification for the general fund and includes all spendable amounts not contained in the other classifications. In other funds, the unassigned classification should be used only to report a deficit balance from overspending for specific purposes for which amounts had been restricted, committed, or assigned. When an expenditure is incurred for purposes for which both restricted and unrestricted (committed, assigned, or unassigned) amounts are available, it shall be the policy of the District to consider restricted amounts to have been reduced first. When an expenditure is incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used, the policy is that committed amounts would be reduced first, followed by assigned amounts and then unassigned amounts. Minimum fund balance policy: The District will maintain a minimum unassigned fund balance in its general fund ranging from 15 to 20% of the subsequent year’s budgeted expenditures and outgoing transfers. This minimum fund balance is to protect against cash flow shortfalls related to timing of projected revenue receipts and to maintain a budget stabilization commitment. Surplus fund balance: Should unassigned fund balance of the general fund ever exceed the 20% range noted in the minimum fund balance policy, the excess will be considered for one-time expenditures that are nonrecurring in nature and which will not require additional future expense outlays for maintenance, additional staffing, or other recurring expenditures. Proprietary funds: Equity is classified the same as equity for the district-wide statements.

34

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

S.

USE OF ESTIMATES

In preparing financial statements in conformity with accounting principles generally accepted in the U.S., management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Note 2

CASH AND INVESTMENTS

Investment of District’s cash deposits and investments is restricted by state statutes. Available investments are limited to: 1. Time deposits in any credit union, bank, savings bank, trust company or savings and loan association maturing in three years or less. 2. Bonds or securities of any county, city, drainage district, technical college district, town, or school district of the state. Also, bonds issued by a local exposition district, a local professional baseball park district, a local professional football stadium district, a local cultural arts district, the Wisconsin Aerospace Authority, or by the University of Wisconsin Hospitals and Clinics Authority. 3. Bonds or securities issued or guaranteed by the federal government. 4. The local government investment pool. 5. Any security maturing in seven years or less and having the highest or second highest rating category of a nationally recognized rating agency. 6. Securities of an open-end management investment company or investment trust, subject to various conditions and investment options. 7. Repurchase agreements with public depositories, with certain conditions. Investment of the trust funds in the employee benefit trust fund is regulated by Wisconsin Statutes Chapter 881 and this guidance allows investment in equity securities, bonds and debentures. Custodial credit risk – Deposits: Custodial credit risk is the risk that in the event of a bank failure, the District’s deposits may not be returned to it. The District does not have a deposit policy for custodial credit risk. As of June 30, 2016, $6,914,428 of the District’s bank balance of $7,980,951 was exposed to custodial credit risk as follows: Uninsured and uncollateralized Uninsured and collateralized by securities held by the pledging institution

$

980,783

$

5,933,645 6,914,428

Fluctuating cash flows during the year due to tax collections, receipt of state aids, and borrowings may have resulted in temporary balances exceeding insured amounts by substantially higher amounts than reported at the balance sheet date. The difference between the bank balance and carrying value is due to outstanding checks and/or deposits in transit. 35

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 2

CASH AND INVESTMENTS (Continued)

Deposits in each local and area bank are insured by the FDIC up to $250,000 for time and savings accounts and $250,000 interest-bearing demand accounts. Bank accounts and the local government investment pool are also insured by the State Deposit Guarantee Fund in the amount of $400,000. However, due to the relatively small size of the Guarantee Fund in relationship to the total deposits covered and other legal implications, recovery of material principal losses may not be significant to individual organizations. This coverage has been considered in computing custodial credit risk relative to deposits. Fair Value – Investments: At June 30, 2016, the District had the following recurring fair value measurements.

Bond mutual funds $ Equity securities External investment pool Fixed income securities $

Level 1 1,329,628 $ 975,945 2,305,573 $

Level 2 $ 50,438 500,410 550,848 $

Level 3 -

Total $ 1,329,628 975,945 50,438 500,410 - $ 2,856,421

As of June 30, 2016, the District had the following investments. The Local Government Investment Pool is in an external investment pool and the remaining investments are held in trust with a local financial institution. Investments

Maturities

State of Wisconsin Local Government Investment Pool Debt securities - U.S Government and those insured directly by U.S. Government Bond mutual funds (7 funds) Mutual funds - equity securities

As of 6/30/16 67 days 2/2018 to 1/2023 2.5 and 6.6 years None

Fair value

$

50,438 500,410 1,329,628 975,945

The District had no significant type of investments during the year not included in the above table.

36

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 2

CASH AND INVESTMENTS (Continued)

Interest rate risk – Investments: The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. The average maturities of the local government investment pool and investments are disclosed in the table above. Custodial credit risk – Investments: Custodial credit risk is the risk that in the event of the failure of the counterparty, The District will not be able to recover the value of its investments that are in possession of an outside party. The District does not have a policy for custodial risk relative to its investments. As of June 30, 2016, the entire amount of the District’s investments in its employee benefit trust totaling $2,805,983 was exposed to custodial credit risk. Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations to the District. The Local Government Investment Pool is not rated by any outside credit rating agencies. The debt securities are investments in U.S. agencies and all carry the explicit guarantee of the U.S. government. Bond mutual funds (nine funds at 6/30/16) in the employee benefit trust fund obtain credit quality ratings for each fund using statistics derived from the Morningstar rating for each fund. Morningstar derives its ratings from fund companies using ratings that have been assigned by a Nationally Recognized Statistical Rating Organization (NRSRO). If two NRSRO’s have rated a security, it is reported at the lowest rating; if three or more NRSRO’s have rated the same security differently, the middle rating is used. Morningstar then combines credit rating information from the NRSRO’s with an average default rate calculation to come up with a weighted-average credit quality, currently a letter that roughly corresponds to the scale used by a leading NRSRO. In this scale, lower credit quality starts with B and goes to AAA+ for highest credit quality. The percentages of investments in this fund and credit quality ratings at June 30, 2016 follows: Range of ratings by by each mutual bond fund

Percentage of Holdings

AAA AA A BBB BB B Below B Not rated

53.87% $ 5.30% 16.28% 13.88% 5.66% 3.04% 1.13% 0.84% 100.00% $

37

Dollar amount of investments 716,193 70,485 216,474 184,513 75,294 40,475 15,089 11,105 1,329,628

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 2

CASH AND INVESTMENTS (Continued)

Credit risk – Investments (Continued): The following is a reconciliation of carrying amounts of deposits, state local government investment pool (LGIP), and cash on hand to the financial statements: Carrying value of deposits Wisconsin Local Government Investment Pool Petty cash Total deposits and investment in LGIP Per statement of net position: Governmental activities Business-type activities Per statement of fiduciary net position: Agency Private-purpose trust Employee-benefit trust Total

$

$

$

$

7,404,209 50,438 505 7,455,152

6,189,628 175,182 106,260 3,299 980,783 7,455,152

The Wisconsin Local Government Investment Pool (LGIP) is part of the State Investment Fund (SIF), and is managed by the State of Wisconsin Investment Board. The SIF is not registered with the Securities and Exchange Commission, but operates under the statutory authority of Wisconsin Chapter 25. The SIF reports the fair value of its underlying assets annually. Participants in the LGIP have the right to withdraw their funds in total on one day’s notice. The District reports its balance in the LGIP at amortized cost. At June 30, 2016, the fair value of the District’s share of the LGIP’s assets was substantially equal to the amount reported above. Investments in the LGIP are covered under a surety bond issued by Financial Security Assurance, Inc. The bond insures against losses arising from principal defaults on substantially all types of securities acquired by the Pool except U.S. Government and agency securities. The bond provides unlimited coverage on principal losses, reduced by any FDIC and State of Wisconsin Guarantee Fund Insurance.

38

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 3

CAPITAL ASSETS

Capital asset activity for the year ended June 30, 2016 was as follows: Balance 7/1/2015 Governmental activities: Capital assets not being depreciated: Sites Total capital assets not being depreciated

$

Capital assets being depreciated: Site improvements Building and improvements Furniture and equipment Total capital assets being depreciated Less - Accumulated depreciation for: Site improvements Building and improvements Furniture and equipment Total accumulated depreciation Governmental activities capital assets - net $

$

Business-type activities capital assets - net $

Deletions/ Reclass

Balance 6/30/2016

294,890 294,890

10,030 10,030

-

20,495 35,688,574 2,006,381 37,715,450

210,956 210,956

(9,950) (9,950)

20,495 35,688,574 2,207,387 37,916,456

(20,495) (22,234,622) (1,374,187) (23,629,304) 14,381,036

(674,753) (178,092) (852,845) (631,859)

9,723 9,723 (227)

(20,495) (22,909,375) (1,542,556) (24,472,426) 13,748,950

Balance 7/1/2015 Business-type activities: Capital assets being depreciated: Food service equipment Less - Accumulated depreciation for: Food service equipment

Additions

304,920 304,920

Balance 6/30/2016

Additions

Deletions

322,037

-

-

322,037

(268,466)

(8,638)

-

(277,104)

53,571

(8,638)

-

44,933

39

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 3

CAPITAL ASSETS (Continued)

Depreciation expense is charged to governmental activities functions as follows: Instruction: Regular Special education Vocational Other Support services: Pupil services Instructional staff services School administration services Business services Operations and maintenance of plant services Unallocated

$

946 16,301 2,334 76,295 10,007 667,589

Total depreciation expenses - governmental activities

Note 4

11,073 315 29,736 38,249

$

852,845

SHORT-TERM NOTES PAYABLE

At various times during the year, the District is in need of short-term borrowing to meet operating cash flow needs due to the timing of tax collections and other aids. Short-term debt activity for the year ended June 30, 2016 was as follows: Balance 7/1/2015 Tax and revenue anticipation note dated September 17, 2015; due September 17, 2016. Interest rate of 3.25%.

$

Issued

5,000,000

-

40

Redeemed

(5,000,000)

Balance 6/30/2016

-

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 5

LONG-TERM OBLIGATIONS

Long-term liability activity for the year ended June 30, 2016 was as follows:

Promissory note Notes payable Deferred issuance premium Less: deferred issuance discount

$

Total long-term liabilities

$

Balance 7/1/2015

Increases

765,000 -

4,180,000 104,393

(4,372)

-

760,628

4,284,393

Decreases

Balance 6/30/2016

Amounts due within one year

(135,000) -

630,000 4,180,000 104,393

140,000 360,000 10,440

924

(3,448)

(924)

(134,076)

4,910,945

509,516

The payments on the promissory note are made by the debt service fund. The full faith, credit, and taxing powers of the District secure all general obligation debt which is liquidated by the debt service fund. At June 30, 2016, general obligation debt consisted of the following:

Type Taxable G.O. promissory note G.O. promissory notes

Date of Issue 1/26/11 6/22/16

Final Maturity 4/1/2020 4/1/2024

Interest Rates (%) 2-4 1.5 - 2

Effective Interest Rate (%) 3.094 1.930

Balance Outstanding 6/30/2016 630,000 4,180,000

Original Indebtedness 1,265,000 4,180,000 $

Total general obligation debt

41

4,810,000

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 5

LONG-TERM OBLIGATIONS (Continued)

Future debt service requirements to maturity on general obligation debt at June 30, 2016 are as follows: Year 2017 2018 2019 2020 2021 2022-2026 Totals

Principal $

$

Interest

500,000 540,000 565,000 585,000 415,000 2,205,000 4,810,000

85,140 92,405 79,505 65,400 50,200 127,200 499,850

Total 585,140 632,405 644,505 650,400 465,200 2,332,200 5,309,850

For the year ended June 30, 2016, interest costs on general obligation debt totaled $26,163 and the entire amount was charged to expense. No interest cost was capitalized during the year ended June 30, 2016. The 2015 equalized valuation of the District as certified by the Wisconsin Department of Revenue is $855,713,755. The legal debt limit and margin of indebtedness as of June 30, 2016 in accordance with Wisconsin statutes follows:

Debt limit (10% of $855,713,755) Less - outstanding debt subject to limitation Margin on indebtedness

Note 6

$ $

85,571,376 4,810,000 80,761,376

LEASE DISCLOSURES

Lessee/Lessor – Operating leases The District has no material operating leases with a remaining noncancellable term exceeding one year. Lessee/Lessor – Capital leases The District has no material outstanding sales-type or direct financing leases.

42

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 7

DEFINED BENEFIT PENSION

Plan Description The Wisconsin Retirement System (“WRS”) is a cost-sharing multiple-employer defined benefit pension plan. WRS benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. Benefit terms may only be modified by the legislature. The retirement system is administered by the Wisconsin Department of Employee Trust Funds (ETF). The system provides coverage to all eligible State of Wisconsin, local government and other public employees. All employees, initially employed by a participating WRS employer on or after July 1, 2011, and expected to work at least 1200 hours a year (880 hours for teachers and school district educational support employees) and expected to be employed for at least one year from employee’s date of hire are eligible to participate in the WRS. Vesting For employees beginning participation on or after January 1, 1990, and no longer actively employed on or after April 24, 1998, creditable service in each of five years is required for eligibility for a retirement annuity. Participants employed prior to 1990 and on or after April 24, 1998, and prior to July 1, 2011, are immediately vested. Participants who initially became WRS eligible on or after July 1, 2011, must have five years of creditable service to be vested. Benefits Provided Employees who retire at or after age 65 (54 for protective occupation employees, 62 for elected officials and State executive participants) are entitled to receive an unreduced retirement benefit. The factors influencing the benefit are: (1) final average earnings, (2) years of creditable service, and (3) a formula factor. Final average earnings is the average of the participant's three highest years' earnings. Creditable service is the creditable current and prior service expressed in years or decimal equivalents of partial years for which a participant receives earnings and makes contributions as required. The formula factor is a standard percentage based on employment category. Employees may retire at age 55 (50 for protective occupation employees) and receive reduced benefits. Employees terminating covered employment before becoming eligible for a retirement benefit may withdraw their contributions and forfeit all rights to any subsequent benefits. The WRS also provides death and disability benefits for employees.

43

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 7

DEFINED BENEFIT PENSION (Continued)

Post-Retirement Adjustments The Employee Trust Funds Board may periodically adjust annuity payments from the retirement system based on annual investment performance in accordance with s. 40.27, Wis. Stat. An increase (or decrease) in annuity payments may result when investment gains (losses), together with other actuarial experience factors, create a surplus (shortfall) in the reserves, as determined by the system’s consulting actuary. Annuity increases are not based on cost of living or other similar factors. For Core annuities, decreases may be applied only to previously granted increases. By law, Core annuities cannot be reduced to an amount below the original, guaranteed amount (the “floor”) set at retirement. The Core and Variable annuity adjustments granted during recent years are as follows:

Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Core Fund Adjustment 0.8% 3.0% 6.6% -2.1% -1.3% -1.2% -7.0% -9.6% 4.7% 2.9%

Variable Fund Adjustment 3% 10% 0% -42% 22% 11% -7% 9% 25% 2%

Contributions Required contributions are determined by an annual actuarial valuation in accordance with Chapter 40 of the Wisconsin Statutes. The employee required contribution is one-half of the actuarially determined contribution rate for general category employees, including teachers, and Executives and Elected Officials. Required contributions for protective employees are the same rate as general employees. Employers are required to contribute the remainder of the actuarially determined contribution rate. The employer may not pay the employee required contribution unless provided for by an existing collective bargaining agreement. During the reporting period, the WRS recognized $833,158 in contributions from the employer.

44

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 7

DEFINED BENEFIT PENSION (Continued)

Contributions (Continued) Contribution rates as of June 30, 2016 are: Employee Employer General (including Teachers) 6.8% 6.8% Executives and Elected Officials 7.7% 7.7% Protective with Social Security 6.8% 9.5% Protective without Social Security 6.8% 13.1%

Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At June 30, 2016, the District reported a liability (asset) of $1,387,165 for its proportionate share of the net pension liability (asset). The net pension liability (asset) was measured as of December 31, 2015, and the total pension liability used to calculate the net pension liability (asset) was determined by an actuarial valuation as of December 31, 2014 rolled forward to December 31, 2015. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The District’s proportion of the net pension liability (asset) was based on the District’s share of contributions to the pension plan relative to the contributions of all participating employers. At December 31, 2015, the District’s proportion was 0.08536503%, which was an increase of 0.00012908% from its proportion measured as of December 31, 2014. For the year ended June 30, 2016, the District recognized pension expense of $839,591. At June 30, 2016, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflow of Resources Cost-Sharing Multiple-Employer Pension Plan: Differences between expected and actual experience $ Changes in assumptions Net differences between projected and actual earnings on pension plan investments Changes in proportionate and difference between employer contributions and proportionate share of contributions Employer contributions subsequent to the measurement date Total - cost-sharing multiple-employer pension plan

45

$

- $ 970,521 5,677,455 509,010 7,156,986 $

Deferred Inflows of Resources 2,685,056 37,423 2,722,479

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 7

DEFINED BENEFIT PENSION (Continued)

Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions (Continued) $509,010 reported as deferred outflows related to pension resulting from the WRS Employer’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability (asset) in the year ended June 30, 2016. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pension will be recognized in pension expense as follows: Year ended Deferred Outflow Deferred Inflow of June 30: of Resources Resources 2017 $ 1,725,900 $ 660,010 2018 1,725,900 660,010 2019 1,725,900 660,010 2020 1,440,163 656,050 2021 30,113 86,399 Thereafter

-

-

Actuarial Assumptions The total pension liability in the December 31, 2015, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Actuarial Valuation Date: December 31, 2014 December 31, 2015 Measurement Date of Net Pension Liability (Asset Actuarial Cost Method: Entry Age Asset Valuation Method: Fair Market Value Long-Term Expected Rate of Return: 7.2% Discount Rate: 7.2% Salary Increases: Inflation 3.2% Seniority/Merit 0.2% - 5.6% Mortality: Wisconsin 2012 Mortality Table Post-retirement Adjustments* 2.1% * No post - retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience and other factors. 2.1% is the assumed annual adjustment based on the investment return assumption and the post-retirement discount rate.

46

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 7

DEFINED BENEFIT PENSION (Continued)

Actuarial Assumptions (Continued) Actuarial assumptions are based upon an experience study conducted in 2012 using experience from 2009 – 2011. The total pension liability for December 31, 2015 is based upon a roll-forward of the liability calculated from the December 31, 2014 actuarial valuation. Long-term expected Return on Plan Assets. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Core Fund Asset Class U.S. Equities International Equities Fixed Income Inflation Sensitive Assets Real Estate Private Equity/Debt Multi-Asset Total Core Fund Variable Fund Asset Class U.S. Equities International Equities Total Variable Fund

Current Asset Allocation 27.0% 24.5% 27.5% 10.0% 7.0% 7.0% 4.0% 107.0%

Destination Target Asset Allocation 23.0% 22.0% 37.0% 20.0% 7.0% 7.0% 4.0% 120.0%

Long-Term Expected Nominal Rate of Return 7.6% 8.5% 4.4% 4.2% 6.5% 9.4% 6.7% 7.4%

70.0% 30.0% 100.0%

70.0% 30.0% 100.0%

7.6% 8.5% 7.9%

LongTerm Expected Real Rate of Return 4.7% 5.6% 1.6% 1.4% 3.6% 6.5% 3.8% 4.5% 4.7% 5.6% 5.0%

New England Pension Consultants Long Term US CPI (Inflation) Forecast: 2.75% Asset Allocations are managed within established ranges, target percentages may differ from actual monthly allocations.

47

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 7

DEFINED BENEFIT PENSION (Continued)

Actuarial Assumptions (Continued) Single Discount Rate. A single discount rate of 7.20% was used to measure the total pension liability. This single discount rate was based on the expected rate of return on pension plan investments of 7.20% and a long term bond rate of 3.56%. Because of the unique structure of WRS, the 7.20% expected rate of return implies that a dividend of approximately 2.1% will always be paid. For purposes of the single discount rate, it was assumed that the dividend would always be paid. The projection of cash flows used to determine this single discount rate assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on these assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments (including expected dividends) of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the District’s proportionate share of the net pension liability (asset) to changes in the discount rate. The following presents the District’s proportionate share of the net pension liability (asset) calculated using the discount rate of 7.20 percent, as well as what the District’s proportionate share of the net pension liability (asset) would be if it were calculated using a discount rate that is 1percentage-point lower (6.20 percent) or 1-percentage-point higher (8.20 percent) than the current rate: 1% Decrease to Discount Rate (6.20%) District's proportionate share of the net pension liability (asset) $

Current Discount Rate (7.20%)

9,729,603 $

1,387,165 $

1% Increase to Discount Rate (8.20%)

(5,128,428)

Pension plan fiduciary net position. Detailed information about the pension plan’s fiduciary net position is available in separately issued financial statements available at https://etfonline.wi.gov/etf/internet/employer/2015GASB68FinancialDisclosure.pdf. Payables to the pension plan As of June 30, 2016 the District has accrued liabilities totaling $158,164 relating to the pension plan. This amount represents legally required contributions based on the June 2016 payroll reporting period.

48

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 8

POSTEMPLOYMENT BENEFITS

Administrative Retirement Early Retirement Eligibility: The Administrator will be eligible for retirement benefits if the following criteria have been met: 1) Worked the prior 12 years as an administrator in the District or no less than 25 years of teaching & administrative experience in the District. 2) Reached the age of 55 prior to January 1 of the school year in which benefits are to begin, and 3) Applied in writing for retirement prior to March 1 of the calendar year in which retirement is to take effect and for retirement benefits prior to May 30 of the calendar year in which retirement is to take effect. Retirement Benefits: Administrators hired prior to June 30, 2004 will receive health insurance, either single or family coverage, for 96 months paid at 90% by the District. In lieu of this benefit, the Administrator may elect, in his/her written application for retirement benefits, the following option: creation of health insurance premium pool of dollars calculated by multiplying the monthly single or family health insurance premium for the school year prior to retirement times 96. Single or family premium amount shall be determined by the coverage the administrator maintained in the month immediately preceding the effective date of retirement. Annually the District will deposit into a Health Reimbursement Arrangement (HRA) for the retiree, an amount to pay for the corresponding insurance premium; or the District will deposit the calculated lump sum amount into a HRA for the retiree. For administrators hired after June 30, 2004 but before July 1, 2005, the District shall create a health insurance premium credit for the benefit of the administrator, which shall be equal to the administrator’s annual salary for the last school year prior to retirement. The District will deposit the calculated lump sum amount into a HRA for the retiree. For administrators hired as of July 1, 2005 to the present, the District shall make an annual contribution to the employees’ 403 (b) plan at the end of the school year in the amount of $2,000; with an additional dollar for dollar match of employee contributions up to $2,000. Total contributions to 403(b) plans will not exceed $68,000 in any one year. The District will also make a post-retirement contribution to the 403(b) plan in the amount of $10,000 provided that the employee a) worked 12 years as an administrator in the District or have no less than a total of twenty-five years of teaching and administrative experience in the District b) reached age fifty-five prior to January 1 of the school year in which the benefits are to begin and c) applied in writing for retirement prior to March 1 of the calendar year in which retirement is to take effect and for retirement benefits prior to May 30 of the calendar year in which retirement is to take place.

49

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 8

POSTEMPLOYMENT BENEFITS (Continued)

Postemployment Healthcare Plan The District follows GASB No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other than Pensions. Plan Description. Medford Area Public School District Post Employment Welfare Benefit Plan (“Plan”) is a single-employer defined benefit healthcare plan administered by the Medford Area Public School District Post Employment Trust. The plan provides medical and dental insurance benefits to eligible retirees and their spouses. The Plan’s authority is governed by the trust document and the laws of the State of Wisconsin. Amendments to the Plan may only be made by the District. The Plan does not issue a publicly available financial report. Funding Policy. The plan will be funded by making actuarially determined contributions into the Plan. Annual OPEB Cost and Net OPEB Obligation. The District’s annual other postemployment benefit (OPEB) cost (expense) is calculated based on the annual required contribution to the employer (ARC), amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. The following table shows the components of the District’s annual OPEB cost for the year, the amount actually contributed to the plan, and changes in the District’s net OPEB obligation to the Plan: Annual required contribution Interest on net OPEB obligation Adjustment to annual required contribution Annual OPEB cost (expense) Contributions made Increase (decrease) in net OPEB obligation (asset) Net OPEB obligation (asset)-beginning of year Net OPEB obligation (asset)-end of year

$

$

44,470 (21,696) 22,774 22,774 (288,970) (266,196)

Information regarding the District’s annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation follows: Fiscal Year Ended 6/30/2014 6/30/2015 6/30/2016

Annual OPEB Cost $ $ $

162,923 (14,141) 22,774

Percentage of Annual OPEB Cost Contributed 0.00% 0.00% 0.00%

50

Net OPEB Obligation (Asset) $ $ $

(274,829) (288,970) (266,196)

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 8

POSTEMPLOYMENT BENEFITS (Continued)

Postemployment Healthcare Plan (Continued) Funded Status and Funding Progress. As of July 1, 2014, the most recent actuarial valuation date, the plan was fully funded. The actuarial accrued liability for benefits was $2,645,450, and the actuarial value of assets was $3,993,397, resulting in an unfunded actuarial accrued liability (asset) (UAAL) of ($1,347,947). The covered payroll (annual payroll of active employees covered by the plan) was $9,134,298, and the ratio of the UAAL to the covered payroll was (14.8%). The accompanying schedule of employer contributions presented as RSI on page 59 displays trend information about the amounts contributed to the plan by employers in comparison to the ARC, an amount that is actuarially determined in accordance with the parameters of GASB Statement 43. Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and the new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Actuarial Methods and Assumptions. Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. In the July 1, 2014 actuarial valuation, the unit credit method was used. The actuarial assumptions included an inflationary increase 3% per annum The actuarial assumptions included a discount rate of 5.5 percent (also the investment rate of return (net of administrative expenses)), which is a blended rate of the expected long-term investment returns on long-term fixed income portfolio assets of the Plan, and an annual healthcare cost trend rate of 7.5% initially, decreasing by 0.5% annually down to 6.5%, then by 0.10% annually down to 5%. The UAAL is being amortized using the level dollar method on an open basis. The remaining amortization period at June 30, 2016 was 28 years. Method Used to Value Investments Investments are reported at fair value, which is determined by bid and asked prices as obtained from dealers that make markets in such securities.

51

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 8

POSTEMPLOYMENT BENEFITS (Continued)

Plan Description and Contribution Information Membership in sole-employer trust consisted of the following at July 1, 2014, the date of the latest actuarial valuation: Retirees and beneficiaries receiving benefits Plan members entitled to but not receiving benefits - waiving coverage Active plan members

4 23 151 178

Contributions Retired plan members and beneficiaries currently receiving benefits are required to contribute specified amounts monthly toward the cost of health insurance premiums as follows:

Percent of Premium

Administrators

Teachers

Support Staff

Employer

90% if hired prior to 7/1/2004 Specified credit if hired 7/1/04 to 7/1/2005.

Up to a total of $38,160 $40,160 for 20 years of service $42,160 for 25 years of service $47,160 for 30 years of service

Up to a total of $5,000 $7,500 for 20 years of service $10,000 for 25 years of service $12,500 for 30 years of service

Employee

Hired prior to 7/1/04 - 10% Hired 7/1/04 to 7/1/05 - amounts in excess of employer amounts noted above

Amounts in excess of the employer amounts noted above

Amounts in excess of the employer amounts noted above

For the year ended June 30, 2016, plan members contributed $0 or 0% of total premiums.

52

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 9

INTERFUND BALANCES AND ACTIVITY

Interfund balance result from the time lag between the dates that (1) interfund goods and services are provided or reimbursable expeditures occur, (2) transactions recorded in the accounting system, (3) payments between funds are made. For the year ended June 30, 2016, there were no interfund balances. Interfund transfers for the year ended June 30, 2016, consisted of the following:

General fund Non-major governmental funds

$

Transfer from 1,378,122 -

Transfer to 1,378,122

$

1,378,122

1,378,122

Transfers are used to (1) move revenues from the fund that statute or budget requires to collect them to the fund that statute or budget requires to expend them, and (2) use unrestricted revenues collected in the general fund to finance various programs accounted for in other funds in accordance with budgetary authorizations.

53

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 10

NET POSITION

Net position reported on the district wide statement of net position at June 30, 2016 includes the following: Governmental activities: Net investment in capital assets: Capital assets, net of accumulated depreciation Less - related long-term debt outstanding Add - unspent capital debt-related proceeds Total invested in capital assets

$

13,748,950 (4,284,393) 4,180,861 13,645,418

Restricted for: Donor-specified purposes Nonspendable for prepaid expenses Debt service Unspent capital-related debt proceeds Future community service expenditures Total restricted

183,894 25,915 23,213 4,180,861 39,784 4,453,667

Unrestricted

3,123,973

Total governmental activities net assets

$

21,223,058

$

44,933 44,933

Business-type activities: Invested in capital assets, net of related debt: Capital assets, net of accumulated depreciation Total invested in capital assets Restricted for: Future food service operations Total restricted

176,342 176,342

Unrestricted

-

Total business-type activities net assets

Note 11

$

221,275

RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, or destruction of assets; errors and omissions; workers compensation; and health care of its employees. All of these risks are covered though the purchase of commercial insurance, with minimal deductibles. Settled claims have not exceeded insurance coverage in any of the last three years. There were no significant reductions in coverage compared to the prior year. 54

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS June 30, 2016 Note 12

COMMITMENTS AND CONTINGENCIES

The District was a party to various pending claims and legal proceedings. Although the outcome of such matters cannot be forecasted with certainty, it is the opinion of management and the District’s legal counsel that the likelihood is remote that any of these claims or proceedings will have a material adverse effect on the District’s financial position or results of operations. The District has received federal and state grants for specific purposes that are subject to review and audit by the grantor agencies. Such audits could lead to requests for reimbursements to the grantor agency for expenditures disallowed under terms of the grants. Management believes such disallowances, if any, would be immaterial. During the 2015-2016 school year the District passed a referendum to issue general obligation bonds in to finance two school improvement programs. The first will finance the cost of heating and cooling upgrades, facility remodeling and improvements, and addition of a new drop off and pick up loop with additional parking at the Middle School and other parking lot improvements; and acquiring furnishings, fixtures and equipment. The second will finance the cost of upgrading and improving the pool at the High School, including heating and cooling upgrades, tile and pipe replacement, and construction of an addition for the water treatment room. Note 13

LIMITATION OF SCHOOL DISTRICT REVENUES

Wisconsin statutes limit the amount of revenues that school districts may derive from general school aids and property taxes. The annual revenue increase from these sources is limited to an allowable per member increase which is determined by legislature. This limitation does not apply to revenues needed for the payment of any general obligation debt service (including refinanced debt) authorized by either of the following: x x

A resolution of the school board or by a referendum prior to August 12, 1993. A referendum on or after August 12, 1993.

For the year ended June 30, 2016 the District did not exceed this limitation.

55

MEDFORD AREA PUBLIC SCHOOL DISTRICT REQUIRED SUPPLEMENTARY INFORMATION June 30, 2016

MEDFORD AREA PUBLIC SCHOOL DISTRICT BUDGETARY COMPARISON SCHEDULE - GENERAL FUND For the Year Ended June 30, 2016 Variance with

Budgeted Amounts Original

Final

Actual

Final Budget

REVENUES Local

$

Interdistrict Intermediate State Federal Other Total revenues

6,920,659 $

6,934,736 $

6,934,736

$

-

1,448,287

1,846,867

1,846,867

-

69,779

77,963

77,963

-

12,881,659

12,891,276

12,891,276

-

648,385

678,989

678,989

-

59,474

104,560

104,560

-

22,028,243

22,534,391

22,534,391

-

EXPENDITURES Instruction Regular

8,895,265

9,206,869

9,206,869

-

Vocational

725,455

694,148

694,148

-

Other

988,960

1,026,991

1,026,991

-

10,609,680

10,928,008

10,928,008

-

Total instruction Support services Pupil services Instructional support services

602,493

591,184

591,184

-

1,428,901

1,470,026

1,470,026

-

Central administration

311,803

322,861

322,861

-

School administration

1,189,828

1,205,938

1,205,938

-

Business administration

3,678,577

3,388,240

3,388,240

-

215,000

215,614

215,614

-

9,000

7,854

7,854

-

Central services Debt service Other support services

188,920

205,037

205,037

-

7,624,522

7,406,754

7,406,754

-

178,500

189,939

189,939

-

8,279

6,779

6,779

-

Total non-program

186,779

196,718

196,718

-

Total expenditures

18,420,981

18,531,480

18,531,480

-

3,607,262

4,002,911

4,002,911

-

-

-

Total support services Non-Program General tuition payments Other

Excess of revenues over expenditures OTHER FINANCING SOURCES (USES) Proceeds from sale of non-capital assets Transfer to other funds Total other financing sources (uses) Net change in fund balances

$

(3,850,129)

(3,850,129)

-

(3,613,586)

(3,850,129)

(3,850,129)

-

(6,324)

Fund balances - beginning of year Fund balances - end of year

4,000 (3,617,586)

152,782

152,782

-

4,490,981

4,490,981

4,490,981

-

4,484,657 $

4,643,763 $

4,643,763

See accompanying notes to budgetary comparison schedule. 56

$

-

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO BUDGETARY COMPARISON SCHEDULE – GENERAL FUND June 30, 2016 Note 1

EXPLANATION OF DIFFERENCES BETWEEN BUDGETARY INFLOWS AND OUTFLOWS AND GAAP REVENUES, EXPENDITURES AND OTHER FINANCING SOURCES (USES)

Financial Statement Major Fund

General Fund

Revenues: Actual amounts from the budgetary comparison schedule

$

22,534,391

Adjustments: Revenues in the special education fund do not meet the definition of a special revenue fund for financial reporting (GAAP) and therefore are combined and reported with the general fund in the appropriate revenue classification on the statement of revenues, expenditures and changes in fund balances - governmental funds for financial reporting

1,600,758

Total revenues as reported on the statement of revenues, expenditures and changes in fund balances - governmental funds

$

24,135,149

$

18,531,480

Expenditures: Actual amounts from the budgetary comparison schedule Adjustments: Expenditures in the special education fund do not meet the definition of a special revenue fund for financial reporting (GAAP) and therefore are combined and reported with the general fund in the appropriate expenditure classification on the statement of revenues, expenditures and changes in fund balances - governmental funds for financial reporting

4,072,765

Total expenditures as reported on the statement of revenues, expenditures and changes in fund balances - governmental funds

$

57

22,604,245

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO BUDGETARY COMPARISON SCHEDULE – GENERAL FUND June 30, 2016 Note 1

EXPLANATION OF DIFFERENCES BETWEEN BUDGETARY INFLOWS AND OUTFLOWS AND GAAP REVENUES, EXPENDITURES AND OTHER FINANCING SOURCES (USES) - Continued

Financial Statement Major Fund

General Fund

Other financing sources (uses) Actual amounts from the budgetary comparison schedule

$

(3,850,129)

Adjustments: For financial (GAAP ) reporting purposes, the special education fund maintained by the District does not meet the definition of a special revenue fund and is combined with the general fund. For budgetary purposes, a transfer from the general fund to cover the deficit in the special education fund is provided. This transfer out of the general fund and related transfer in to the special education fund is eliminated in the presentation of the combined funds in the statement of revenues, expenditures and changes in fund balances - governmental funds

2,472,007

Total other financing sources (uses) as reported on the statement of revenues expenditures and changes in fund balances - governmental funds

Note 2

$

(1,378,122)

EXCESS OF ACTUAL EXPENDITURES OVER BUDGET IN INDIVIDUAL FUNDS

For the year ended June 30, 2016 the District had no funds with an excess of actual expenditures over the final amended budget amounts.

58

MEDFORD AREA PUBLIC SCHOOL DISTRICT REQUIRED SUPPLEMENTARY INFORMATION For the Year Ended June 30, 2016 SCHEDULE OF FUNDING PROGRESS Medford Area Public School District Post Employment Trust (Plan):

Actuarial Valuation Date

Actuarial Value of Assets (a)

Actuarial Accrued Liability (AAL) Entry Age (b)

7/1/2008 $ 3,589,022 $ 6,837,505 $ 7/1/2011 $ 4,543,986 $ 4,704,272 $ 7/1/2014 $ 3,993,397 $ 2,645,450 $

Unfunded AAL (UAAL) (b - a) 3,248,483 160,286 (1,347,947)

Funded Ratio (a / b)

Covered Payroll (c)

52.5% $ 8,666,259 96.6% $ 9,134,298 151.0% $ 9,134,298

SCHEDULE OF EMPLOYER CONTRIBUTIONS Medford Area Public School District Post Employment Trust (Plan): Year Ended June 30 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Annual Required Contribution $ $ $ $ $ $ $ $ $ $

Percentage Contributed

706,633 712,156 530,190 533,528 250,000 207,864 207,864 207,864 44,470 44,470

100% 126% 100% 56% 45% 98% 38% 0% 0% 0%

59

UAAL as a percentage of Covered Payroll ([b - a] / c) 38% 2% -15%

MEDFORD AREA PUBLIC SCHOOL DISTRICT REQUIRED SUPPLEMENTARY INFORMATION For the Year Ended June 30, 2016 SCHEDULE OF DISTRICT'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET) COST-SHARING MULTIPLE-EMPLOYER PENSION PLAN Last 10 Fiscal Years*

District's proportion of the net pension liability (asset) District's proportionate share of the net pension liability (asset) District's covered-employee payroll District's proportionate share of the net pension liability (asset) as a percentage of its covered-employee payroll. Plan fiduciary net position as a percentage of the total pension liability (asset)

2016 2015 0.08536503% 0.08523595% $ 1,387,165 (2,093,628) 12,252,317 13,140,912 11.32% 98.20%

-15.93% 102.74%

2016 833,158 833,158 12,252,317 6.80%

2015 829,505 829,505 13,140,912 6.31%

SCHEDULE OF DISTRICT'S CONTRIBUTIONS COST-SHARING MULTIPLE-EMPLOYER PENSION PLAN Last 10 Fiscal Years*

Contractually required contributions Contributions in relation to the contractually required contributions Contribution deficiency (excess) District's covered-employee payroll Contributions as a percentage of covered-employee payroll

$

*The amounts presented for each fiscal year were determined as of the calendar year-end that occurred within the fiscal year. Amounts are presented only for the years for which this information is available.

See accompanying notes to the District’s proportionate share of the net pension liability (asset) and District’s contributions schedules. 60

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTE TO THE SCHEDULES OF DISTRICT’S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET) AND DISTRICT’S CONTRIBUTIONS June 30, 2016 NOTE 1

DISCLOSURE OF CHANGES OF BENEFIT TERMS AND ASSUMPTIONS

Changes of benefit terms. There were no changes of benefit terms for any participating employer in WRS. Changes of assumptions. There were no changes in the assumptions.

61

MEDFORD AREA PUBLIC SCHOOL DISTRICT SUPPLEMENTAL INFORMATION June 30, 2016

MEDFORD AREA PUBLIC SCHOOL DISTRICT SCHEDULE OF CHANGES IN ASSETS AND LIABILITIES - STUDENT ORGANIZATIONS' FUNDS For the Year Ended June 30, 2016

Balance at 7/1/15 Assets: Cash and cash equivalents

Receipts

Disbursements

Balance at 6/30/16

$

86,844 $

434,674 $

415,258 $

106,260

$

86,844 $

434,674 $

415,258 $

106,260

Liabilities: Due to student organizations

$

86,844 $

434,674 $

415,258 $

106,260

Total liabilities

$

86,844 $

434,674 $

415,258 $

106,260

Total assets

62

MEDFORD AREA PUBLIC SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS June 30, 2016 Total Special

Debt

Nonmajor

Revenue

Service

Community

Package

Governmental

Trust Fund

Fund

Service

Cooperative

Funds

ASSETS Cash and cash equivalents

$

Accounts receivable Total assets

181,408 $

30,304 $

2,824

-

$

184,232 $

$

338 $

-

338

183,894

41,340 $ -

30,304 $

6,525 $ -

259,577 2,824

41,340 $

6,525 $

262,401

1,556 $

6,525 $

8,419

-

1,556

6,525

8,419

-

-

-

183,894

-

30,304

-

-

30,304

-

-

39,784

-

39,784

183,894

30,304

39,784

-

253,982

184,232 $

30,304 $

41,340 $

LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities Total liabilities

$

Fund balances (deficits): Restricted for: District operations per donor specifications Debt service Future community service expenditures Total fund balances Total liabilities and fund balances

$

63

6,525 $

262,401

MEDFORD AREA PUBLIC SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS For the Year Ended June 30, 2016 Total Special Debt Nonmajor Revenue Service Community Package Governmental Trust Fund Fund Service Cooperative Funds REVENUES Local $ 224,990 $ 160,435 $ 275,743 $ $ 661,168 Interdistrict 289,098 289,098 Other 104,393 104,393 Total revenues

224,990

EXPENDITURES Instruction: Regular Vocational Special education

264,828

275,743

289,098

1,054,659

9,791 5,495 2,121

-

-

579,927 -

589,718 5,495 2,121

17,407

-

-

579,927

597,334

732 183,664 -

-

660 10,220 40,336 24,406

51,913 1,027,380 8,000 -

51,913 1,028,772 193,884 48,336 24,406

Total instruction Support services: Pupil services Instructional staff services School administration services Business services Pupil transportation Debt service: Principal Interest and fees Issuance costs Community service Total support services

184,396

135,000 25,430 75,103 235,533

189,144 264,766

1,087,293

135,000 25,430 75,103 189,144 1,771,988

Total expenditures

201,803

235,533

264,766

1,667,220

2,369,322

23,187

29,295

10,977

(1,378,122)

(1,314,663)

-

-

-

1,378,122 1,378,122

1,378,122 1,378,122

23,187

29,295

10,977

-

63,459

160,707

1,009

28,807

-

190,523

39,784 $

-

Excess (deficiency) of revenues over (under) expenditures OTHER FINANCING SOURCES Operating transfers in Net change in fund balances Fund balances - beginning of year Fund balances - end of year

$

183,894 $

64

30,304 $

$

253,982

MEDFORD AREA PUBLIC SCHOOL DISTRICT INDEPENDENT AUDITORS' REPORTS ON FEDERAL AND STATE SINGLE AUDITS June 30, 2016

MEDFORD AREA PUBLIC SCHOOL DISTRICT June 30, 2016 TABLE OF CONTENTS Page Independent Auditors’ Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards

1–2

Independent Auditors’ Report on Compliance for Each Major Federal Program; Report on Internal Control Over Compliance; and Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance

3–4

Schedule of Expenditures of Federal Awards

5–6

Notes to the Schedule of Expenditures of Federal Awards Schedule of Federal Findings and Questioned Costs Independent Auditors’ Report on Compliance with Requirements That Could Have a Direct and Material Effect on Each Major State Program and on Internal Control Over Compliance and Schedule of State Financial Assistance in Accordance with Wisconsin State Single Audit Guidelines

7 8–9

10 – 11

Schedule of State Financial Assistance

12

Notes to the Schedule of State Financial Assistance

13

Schedule of State Findings and Questioned Costs

14

Schedule of Status of Prior Findings and Questioned Costs

15

Members of: American Institute of Certified Public Accountants Wisconsin Institute of Certified Public Accountants www.baumancpa.com

Independent Auditors’ Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Board of Education and Management Medford Area Public School District Medford, Wisconsin We have audited in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States the financial statements of the governmental activities, the business - type activities, each major fund, and the aggregate remaining fund information of the Medford Area Public School District (“District”) as of and for the year ended June 30, 2016, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements and have issued our report thereon dated January 4, 2017. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies in internal control, such that there is a reasonable possibility that a material misstatement of the District's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency or combination of deficiencies in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

P.O. Box 1225 • Eau Claire, WI 54702-1225

P.O. Box 890 • Hudson, WI 54016

715-834-2001 • Fax 715-834-2774 • Toll Free 1-888-952-2866

715-386-8181 • Fax 715-386-6020

1

Compliance and Other Matters As part of obtaining reasonable assurance about whether the District’s basic financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control or on compliance. This report is an integral part of the audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

CERTIFIED PUBLIC ACCOUNTANTS Eau Claire, Wisconsin January 4, 2017

2

Members of: American Institute of Certified Public Accountants Wisconsin Institute of Certified Public Accountants www.baumancpa.com

Independent Auditors’ Report on Compliance for Each Major Federal Program; Report on Internal Control Over Compliance; and Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance Board of Education and Management Medford Area Public School District Medford, Wisconsin Report on Compliance for Each Major Federal Program We have audited the Medford Area Public School District’s (“District”) compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2016. The District’s major federal programs are identified in the summary of auditors' results section of the accompanying schedule of federal findings and questioned costs. Management’s Responsibility Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to its federal programs. Auditor’s Responsibility Our responsibility is to express an opinion on compliance for each of the District’s major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of the District’s compliance.

Opinion on Each Major Federal Program In our opinion, the District complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs for the year ended June 30, 2016.

P.O. Box 1225 • Eau Claire, WI 54702-1225

P.O. Box 890 • Hudson, WI 54016

715-834-2001 • Fax 715-834-2774 • Toll Free 1-888-952-2866

715-386-8181 • Fax 715-386-6020

3

Report on Internal Control Over Compliance Management of the District is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the District ’s internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph in this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Report on Schedule of Expenditures of Federal Awards Required by Uniform Guidance We have audited the financial statements of the Medford Area Public School District as of and for the year ended June 30, 2016, and have issued our report thereon dated January 4, 2017, which contained an unmodified opinion on those financial statements. Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the financial statements as a whole.

CERTIFIED PUBLIC ACCOUNTANTS Eau Claire, Wisconsin January 4, 2017

4

MEDFORD AREA PUBLIC SCHOOL DISTRICT SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year Ended June 30, 2016

Administering Agency Pass-through Agency Award Description U.S. DEPARTMENT OF AGRICULTURE Wisconsin Department of Natural Resources: Schools and Roads - Payments to States July 1, 2015 - June 30, 2016 Wisconsin Department of Public Instruction: Child Nutrition Cluster: National School Breakfast Program - MP July 1, 2014 - June 30, 2015 July 1, 2015 - June 30, 2016 National School Lunch Program - MP July 1, 2014 - June 30, 2015 July 1, 2015 - June 30, 2016 Total Child Nutrition Cluster TOTAL U.S. DEPARTMENT OF AGRICULTURE

Federal Catalog Number

Pass Through Entity Identifying Number

Program or Award Amount

10.665

N/A

$

22,459

10.553

A546-00000 603409

$

64,534

A547-00000 603409

$

462,543

10.555

U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES (HHS) CESA #10 Medicaid School Based Services July 1, 2014 - June 30, 2015 93.778 July 1, 2015 - June 30, 2016 TOTAL U.S. DEPARTMENT OF HHS U.S. DEPARTMENT OF EDUCATION Wisconsin Department of Public Instruction: Special Education Cluster: Special Education - Grants to States (IDEA B) July 1, 2014 - June 30, 2015 84.027 July 1, 2015 - June 30, 2016 IDEA B - Discretionary July 1, 2014 - June 30, 2015 84.027 July 1, 2015 - June 30, 2016 Special Education - Preschool Grants (IDEA Preschool) July 1, 2014 - June 30, 2015 84.173 July 1, 2015 - June 30, 2016 Total Special Education Cluster

44233100

Accrued Receivable July 01, 2015

$

-

Receipts Grantor Reimbursement

$

22,459

Accrued Receivable June 30, 2016

Expenditures

$

22,459

$

-

1,323 -

1,323 63,564

64,534

970

8,240 9,563

8,240 456,502 529,629

462,544 527,078

6,042 7,012

9,563

552,088

549,537

7,012

29,990 207,977 237,967

29,990 200,477 230,467

201,903 201,903

209,403 209,403

$

201,903

A341-00000 603409

$

470,688

115,026 -

115,026 300,083

424,934

124,851

A342-00000 603409

$

71,257

3,374 -

3,374 50,000

71,257

21,257

A347-00000 603409

$

22,145

15,744 134,144

15,744 12,967 497,194

19,665 515,856

6,698 152,806

See accompanying notes to the schedule of expenditures of federal awards. 5

Administering Agency Pass-through Agency Award Description U.S. DEPARTMENT OF EDUCATION (Continued) Wisconsin Department of Public Instruction (Continued): Title I-A July 1, 2014 - June 30, 2015 July 1, 2015 - June 30, 2016 VEA Funded - Basic Grants to States July 1, 2014 - June 30, 2015 July 1, 2015 - June 30, 2016

MEDFORD AREA PUBLIC SCHOOL DISTRICT SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (Continued) Year Ended June 30, 2016 Pass Through Program Federal Entity or Accrued Receipts Catalog Identifying Award Receivable Grantor Number Number Amount July 01, 2015 Reimbursement

84.010

Accrued Receivable June 30, 2016

Expenditures

A141-00000 603409

$

478,650

174,683 -

174,683 318,920

478,650

159,730

A400-00000 603409

$

19,775

11,216 -

11,216 10,656

19,217

8,561

255.210

N/A

$

3,935

-

3,935

3,935

-

84.367

A365-00000 603409

$

103,086

29,790 -

29,790 60,459

99,742

39,283

A391-00000 603409

$

2,984

1,897 -

1,897 -

2,984

2,984

A372-00000 756804

$

10,177

-

10,123

10,123

-

1,118,873

1,130,507

84.048

High Cost Special Education Aid July 1, 2015 - June 30, 2016 ESEA Title II-A Teacher/Principal July 1, 2014 - June 30, 2015 July 1, 2015 - June 30, 2016 CESA #10: ESEA Title III-A July 1, 2014 - June 30, 2015 July 1, 2015 - June 30, 2016 University of Wisconsin - Oshkosh Title II - B Mathematic and Science Partnership July 1, 2015 - June 30, 2016 TOTAL U.S. DEPARTMENT OF EDUCATION

84.365

84.366

351,730

TOTAL FEDERAL FINANCIAL ASSISTANCE

$

MP - Denotes major program for purposes of A-133 testing for the year ended June 30, 2016.

See accompanying notes to the schedule of expenditures of federal awards. 6

599,260

$

1,901,428

$

1,881,947

363,364 $

579,779

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS June 30, 2016 Note 1

BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Medford Area Public School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.

Note 2

NONCASH ASSISTANCE Included in the receipts and expenditures totals for the National School Lunch Program, CFDA #10.555, are the value of federal donated commodities totaling $75,377. This value was provided to the District by the Wisconsin Department of Public Instruction in its Commodity Allocation and Receipt Report for the 2015-2016 program year. Since these donated commodities are used primarily in the lunch program, they are reported with this CFDA in the schedule.

7

MEDFORD AREA PUBLIC SCHOOL DISTRICT SCHEDULE OF FEDERAL FINDINGS AND QUESTIONED COSTS Year Ended June 30, 2016 Section I – Summary of Auditors’ Results Financial Statements: Type of auditors’ report issued:

Unmodified

Internal control over financial reporting: Material weakness identified? Significant deficiency identified?

yes yes

X X

no none

Noncompliance material to the financial statements?

yes

X

no

yes yes

X X

no none

X

no

Federal Awards: Internal control over major programs: Material weakness identified? Significant deficiency identified? Type of auditors’ report issued on compliance for major federal programs:

Unmodified

Any audit findings disclosed that are required to be reported in accordance with 200.516(a) of the Uniform Guidance?

yes

Identification of major federal programs: CFDA Number 10.553, 10.555

Name of Federal Program Child Nutrition Cluster

8

MEDFORD AREA PUBLIC SCHOOL DISTRICT SCHEDULE OF FEDERAL FINDINGS AND QUESTIONED COSTS (Continued) Year Ended June 30, 2016 Section I – Summary of Auditors’ Results (Continued) Dollar threshold used to distinguish between Type A and Type B programs Did the auditee qualify as a low-risk auditee?

$750,000 X

Section II – Financial Statement Findings No findings or questioned costs were noted. Section III – Federal Award Findings and Questioned Costs No findings or questioned costs were noted.

9

yes

no

Members of: American Institute of Certified Public Accountants Wisconsin Institute of Certified Public Accountants www.baumancpa.com

Independent Auditors’ Report on Compliance with Requirements That Could Have a Direct and Material Effect on Each Major State Program and on Internal Control Over Compliance and Schedule of State Financial Assistance in Accordance with Wisconsin State Single Audit Guidelines Board of Education and Management Medford Area Public School District Medford, Wisconsin Report on Compliance for Each Major State Program We have audited the compliance of the Medford Area Public School District (“District”) with the types of compliance requirements described in the Wisconsin State Single Audit Guidelines that could have a direct and material effect on each of its major state programs for the year ended June 30, 2016. The District’s major state programs are identified in the summary of auditors' results section of the accompanying schedule of state findings and questioned costs. Management’s Responsibility Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to its state programs. Auditor’s Responsibility Our responsibility is to express an opinion on compliance for each of the District’s major state programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Wisconsin State Single Audit Guidelines. Those standards and the Wisconsin State Single Audit Guidelines require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major state program occurred. An audit includes examining, on a test basis, evidence about the District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major state program. However, our audit does not provide a legal determination of the District’s compliance. Opinion on Each Major State Program In our opinion, the District complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major state programs identified in the summary of auditor’s results section of the accompanying schedule of state findings and questioned costs for the year ended June 30, 2016.

P.O. Box 1225 • Eau Claire, WI 54702-1225 715-834-2001 • Fax 715-834-2774 • Toll Free 1-888-952-2866

10

P.O. Box 890 • Hudson, WI 54016 715-386-8181 • Fax 715-386-6020

Report on Internal Control Over Compliance Management of the District is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the District ’s internal control over compliance with the types of requirements that could have a direct and material effect on each major state program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance and to test and report on internal control over compliance in accordance with Wisconsin State Single Audit Guidelines, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a state program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a state program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a state program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of Wisconsin State Single Audit Guidelines. Accordingly, this report is not suitable for any other purpose. Report on Schedule of State Financial Assistance Required by Wisconsin State Single Audit Guidelines We have audited the financial statements of the District as of and for the year ended June 30, 2016, and have issued our report thereon dated January 4, 2017, which contained an unmodified opinion on those financial statements. Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The accompanying schedule of state financial assistance is presented for purposes of additional analysis as required by Wisconsin State Single Audit Guidelines and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of state financial assistance is fairly stated in all material respects in relation to the financial statements as a whole.

CERTIFIED PUBLIC ACCOUNTANTS Eau Claire, Wisconsin January 4, 2017

11

MEDFORD AREA PUBLIC SCHOOL DISTRICT SCHEDULE OF STATE FINANCIAL ASSISTANCE Year Ended June 30, 2016

Administering Agency Pass-through Agency Award Description COST REIMBURSEMENT PROGRAMS - NONMAJOR Wisconsin Department of Public Instruction Educator Effectiveness July 1, 2015 - June 30, 2016 TOTAL COST REIMBURSEMENT PROGRAMS ENTITLEMENT PROGRAMS Major State Programs Special Education and School Age Parents: District Programs General Equalization Pupil Transportation Per Pupil Aid Adjustment

State I.D. Number

Pass Through Entity Identifying Number

Program or Award Amount

$

Accrued Receivable July 01, 2015

13,600 $

$

-

Expenditures

$

13,600 $ 13,600

Accrued Receivable June 30, 2016

255.940

603409-154

255.101 255.201 255.107

603409-100 603409-116 603409-102

216,931 -

937,954 13,673,945 125,163

937,954 13,672,187 125,163

215,173 -

255.945

603409-113

216,931

14,737,062

312,450 15,047,754

312,450 527,623

255.102 255.344 255.950 292.124 255.103 255.210 255.109

603409-107 603409-108 603409-151 N/A 603409-104 603409-119 603409-109

216,931

12,701 3,289 11,439 1,779 90,065 5,786 3,276 128,335 14,865,397

12,701 3,289 11,439 1,779 90,065 5,786 3,276 128,335 15,176,089

527,623

216,931 $

14,865,397 $

15,189,689 $

541,223

TOTAL MAJOR PROGRAMS

-

Receipts State Reimbursement

13,600 13,600

Nonmajor State Programs State School Lunch School Breakfast Program Career and Technical Education Incentive Career Pathways Grant Common School Fund High Cost Special Education Aid WI Morning Milk Program TOTAL NONMAJOR PROGRAMS TOTAL ENTITLEMENT PROGRAMS TOTAL STATE ASSISTANCE

$

Reconciliation of general equalization aid receipts to revenue: Total receipts, general equalization aid, fiscal year ended 6/30/16

$

Add - current year receivable

215,173

Less - prior year receivable

(216,931)

Less - open enrollment tuition revenue

(1,590,224)

Add - prior year open enrollment adjustment

7,741

Add - open enrollment tuition expenditure

164,977

Add - Youth Challenge Academy revenue Total general equalization aid revenue

13,673,945

5,049 $

See accompanying notes to the schedule of state financial assistance. 12

12,259,730

MEDFORD AREA PUBLIC SCHOOL DISTRICT NOTES TO THE SCHEDULE OF STATE FINANCIAL ASSISTANCE June 30, 2016 Note 1

BASIS OF PRESENTATION The accompanying schedule of state financial assistance includes the state grant activity of the Medford Area Public School District and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Wisconsin State Single Audit Guidelines. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.

Note 2

SPECIAL EDUCATION AND SCHOOL AGE PARENTS PROGRAM 2015-2016 eligible costs under the State Special Education Program are $3,582,234.

13

MEDFORD AREA PUBLIC SCHOOL DISTRICT SCHEDULE OF STATE FINDINGS AND QUESTIONED COSTS Year Ended June 30, 2016 Section I – Summary of Auditors’ Results Financial Statements: Type of auditors’ report issued:

Unmodified

Internal control over financial reporting: Material weakness identified? Significant deficiency identified?

yes yes

X X

no none

Noncompliance material to financial statements noted?

yes

X

no

yes yes

X X

no none

X

no

State Awards: Internal control over major programs: Material weakness identified? Significant deficiency identified? Type of auditors’ report issued on compliance for major state programs:

Unmodified

Any audit findings disclosed that are required to be reported in accordance with 200.516(a) of the Uniform Guidance?

yes

Identification of major state programs when Uniform Guidance applies: State ID Number

Name of State Program

255.101 255.201 255.945 255.107

Special Education and School Age Parents General Equalization Aid Per Pupil Aid Adjustment Pupil Transportation

Section II – Financial Statement Findings No findings or questioned costs were noted.

Section III – State Award Findings and Questioned Costs No findings or material questioned costs were noted.

14

MEDFORD AREA PUBLIC SCHOOL DISTRICT SCHEDULE OF STATUS OF PRIOR FINDINGS AND QUESTIONED COSTS Year Ended June 30, 2016 Financial Statement Findings None Federal Award Findings and Questioned Costs None State Award Findings and Questioned Costs None

15

Members of:



American Institute of Certified Public Accountants



Wisconsin Institute of Certified Public Accountants www.baumancpa.com



January 4, 2017 To the Board of Education Medford Area Public School District Medford, Wisconsin Dear Board Members: We have audited the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of Medford Area Public School District (“District”) for the year ended June 30, 2016. Professional standards require that we provide you with the following information about our responsibilities under generally accepted auditing standards, Government Auditing Standards issued by the Comptroller General of the United States and Uniform Guidance, issued by the U.S. Office of Management and Budget, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our engagement letter to you. Professional standards also require that we communicate to you the following information related to our audit. Significant Audit Findings Qualitative Aspects of Accounting Practices Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the District are described in Note 1 to the financial statements. As described in Note 1B to the financial statements, the District adopted Governmental Accounting Standards Board (GASB) Statement No. 72 Fair Value Measurement and Application as of June 30, 2016. No other new accounting policies were adopted and the application of existing policies was not changed during 2016. We noted no transactions entered into by the District during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the proper period. The basic financial statement reflect the issuance of $4,180,000 in long-term general obligation debt, which is a nonrecurring transaction approved by a referendum of the District’s citizens. These proceeds were receipted in the capital projects fund and will be expended for purposes detailed in Note 12 to the basic financial statements. The debt is further detailed in Note 5 to the basic financial statements. Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the District’s governmental activities financial statements were: 1. Management’s estimate of the depreciation of capital assets is based on assumptions of the estimated useful life. We evaluated the key factors and assumptions used to develop the depreciation estimates in determining that it is reasonable in relation to the financial statements taken as a whole. P.O. Box 1225 • Eau Claire, WI 54702-1225

P.O. Box 890 • Hudson, WI 54016

715-834-2001 • Fax 715-834-2774 • Toll Free 1-888-952-2866

715-386-8181 • Fax 715-386-6020

Medford Area Public School District Page 2 January 4, 2017 2. The actuarial assumptions and methods used to compute the OPEB liability and the annual required contribution (ARC) expense. We evaluated the key factors and assumptions used to develop these estimates in determining that they were reasonable in relation to these financial statements taken as a whole. 3. The net pension (asset)/liability information which was provided to all participating governmental units by the Wisconsin Department of Employee Trust Funds is based upon an actuarial valuation performed on the plan’s data as of the measurement date of December 31, 2015 and related employer reporting schedules. This information relative to the Wisconsin Retirement System has been audited by the State of Wisconsin Legislative Audit Bureau who expressed an unmodified opinion in its report dated December 1, 2016. We have evaluated the key factors and assumptions used to develop these estimates including the allocations to participating employers for their proportionate share in determining that they are reasonable in relation to the financial statements taken as a whole. The disclosures in the financial statements are neutral, consistent, and clear. Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the financial statements are the net pension (asset)/liability disclosures located in Note 7 as described in item #3 above and the OPEB disclosures located in Note 8 as described in item #2 above. Difficulties Encountered in Performing the Audit We encountered no significant difficulties in dealing with management in performing and completing our audit. Corrected and Uncorrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. The attached schedule summarizes uncorrected misstatements of the governmental activities financial statements (statements of net position and activities). Management has determined that their effects are immaterial, both individually and in the aggregate, to these financial statements taken as a whole. Disagreements with Management For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.

Medford Area Public School District Page 3 January 4, 2017 Management Representations We have requested certain representations from management that are included in the management representation letter dated January 4, 2017. Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the District’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. Other Audit Findings or Issues We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the District’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. Other Matters We applied certain limited procedures to the Management’s Discussion and Analysis, Budgetary Comparison Schedule – General Fund, Schedules of Funding Progress and Employer Contributions, and the Schedule of District’s Proportionate Share of the Net Pension Liability (Asset) and District’s Contributions, which are required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the Schedule of Changes in Assets and Liabilities – Student Organizations’ Funds, Combining Balance Sheet – Nonmajor Governmental Funds and Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.

Medford Area Public School District Page 4 January 4, 2017 Restriction on Use This letter is intended solely for the use of the Board of Education and management of the District and is not intended to be and should not be used by anyone other than these specified parties.

CERTIFIED PUBLIC ACCOUNTANTS 

ALG (2/13)

1

Index

2050.122

ALG-CX-12.2: Audit Difference Evaluation Form Governmental Unit:

Medford Area Public School District

Completed by:

JMH

Opinion Unit:

Governmental activities

6/30/16

A Listing of Known Audit Differences Over: $

20,000.00

Instructions: This form may be used to accumulate audit differences (AD) greater than the amount considered trivial (documented at Step 5 of ALG-CX-2.1). This form should not include normal closing entries. At the end of the audit, evaluate all uncorrected audit differences, individually and in the aggregate, in the context of individual opinion units and conclude on whether they materially misstate the financial statements of an opinion unit taken as a whole. Thus, a separate "Audit Difference Evaluation Form" should be prepared for each opinion unit. Before evaluating the effect of uncorrected misstatements, reassess whether materiality is still appropriate based on the entity's actual financial results. The notes following the table provide explanations and a listing of qualitative considerations in evaluating materiality. The form allows for quantifying the effect of misstatements, using both the rollover and iron curtain methods, as appropriate. You need to be familiar with the guidance in section 1010 before completing this form. Financial Statement Effect—Amount of Over (Under) Statement of:

Description (Nature) of Audit Difference (AD)

Unrecoded AP

Factual (F), Judgmental (J), or Projected (P)

F

Cause

Two disbursements in July, not recorded in AP

Total Less audit adjustments subsequently booked Net unadjusted AD—current year (iron curtain method) Effect of unadjusted AD—prior years Combined current year and prior year AD (rollover method) Financial statement caption totals Current year AD as % of F/S captions (iron curtain method) Current and prior year AD as % of F/S captions (rollover method)

Total Total Liabilities/de ferred Work-paper Assets/defer red outflows inflows Ref.

5100.02

Fund Balance/Net Position

0

-29,303

29,303

0

-29,303

29,303

0

-29,303

29,303

0 31,068,985 0.00% 0.00%

-29,303 9,845,927 -0.30% -0.30%

29,303 21,223,058 0.14% 0.14%

Revenues

Change in Fund Balance/ Net Position

Expen.

-29,303

29,303

0

-29,303

29,303

0 0 0 25,086,276 0.00% 0.00%

-29,303 -28,691 -57,994 26,334,675 -0.11% -0.22%

29,303 28,691 57,994 -1,248,399 -2.35% -4.65%

Qualitative Factors: Describe qualitative factors that entered into your evaluation of whether uncorrected accumulated misstatements are material, individually or in the aggregate, in relation to specific accounts and disclosures and to the financial statements as a whole, and the reasons why. The amounts noted above do not have a material effect on the decisions of the users of the financial statements and are immaterial to the overall financial statements and related notes. Conclusion: Based on the results of the evaluation performed above, as well as the consideration of qualitative factors, uncorrected audit differences, individually and in the aggregate, do not cause the financial statements of opinion unit taken as a whole to be materially misstated.

ALG-CX-12.2

ALG (2/13)

1

Index

2050.123

ALG-CX-12.2: Audit Difference Evaluation Form Governmental Unit:

Medford Area Public School District

Completed by:

JMH

Opinion Unit:

Major fund - General Fund

6/30/16

A Listing of Known Audit Differences Over: $

14,000.00

Instructions: This form may be used to accumulate audit differences (AD) greater than the amount considered trivial (documented at Step 5 of ALG-CX-2.1). This form should not include normal closing entries. At the end of the audit, evaluate all uncorrected audit differences, individually and in the aggregate, in the context of individual opinion units and conclude on whether they materially misstate the financial statements of an opinion unit taken as a whole. Thus, a separate "Audit Difference Evaluation Form" should be prepared for each opinion unit. Before evaluating the effect of uncorrected misstatements, reassess whether materiality is still appropriate based on the entity's actual financial results. The notes following the table provide explanations and a listing of qualitative considerations in evaluating materiality. The form allows for quantifying the effect of misstatements, using both the rollover and iron curtain methods, as appropriate. You need to be familiar with the guidance in section 1010 before completing this form. Financial Statement Effect—Amount of Over (Under) Statement of:

Description (Nature) of Audit Difference (AD)

Unrecoded AP

Factual (F), Judgmental (J), or Projected (P)

F

Cause Two disbursements in July, not recorded in AP

Total Less audit adjustments subsequently booked Net unadjusted AD—current year (iron curtain method) Effect of unadjusted AD—prior years Combined current year and prior year AD (rollover method) Financial statement caption totals Current year AD as % of F/S captions (iron curtain method) Current and prior year AD as % of F/S captions (rollover method)

Work-paper Ref.

5100.02

Total Assets/def outflows

Total Liabilities/de ferred inflows

Fund Balance/Net Position

0

-29,303

29,303

0

-29,303

29,303

0

-29,303

29,303

0 5,453,591 0.00% 0.00%

-29,303 809,828 -3.62% -3.62%

29,303 4,643,763 0.63% 0.63%

Revenues and other fin sources

Expen and other fin uses.

Change in Fund Balance/ Net Position

-29,303

29,303

0

-29,303

29,303

0 0 0 24,135,149 0.00% 0.00%

-29,303 0 -29,303 23,982,367 -0.12% -0.12%

29,303 0 29,303 152,782 19.18% 19.18%

Qualitative Factors: Describe qualitative factors that entered into your evaluation of whether uncorrected accumulated misstatements are material, individually or in the aggregate, in relation to specific accounts and disclosures and to the financial statements as a whole, and the reasons why. The amounts noted above do not have a material effect on the decisions of the users of the financial statements and are immaterial to the overall financial statements and related notes.

ALG-CX-12.2

You may apply for

open enrollment from February 6-April 28, 2017 

You must know the nonresident school district in which the virtual charter school is located. If you have any questions about this, call the virtual charter school.

kindergarten, or early childhood program as the nonresident district or the pupil is not eligible for the program in the resident district. These are also reasons that a nonresident district can deny an application.



You must know your resident school district in order to apply.

Can parents appeal if an application is denied?

Who may participate in open enrollment?



Pupils in 5-year-old kindergarten to grade 12 may apply to participate in open enrollment.

A list of 2016-17 virtual charter schools may be found at this webpage.

Can an application be rejected?

Parents whose applications are denied may appeal to the DPI within 30 days of the denial. State law requires the DPI to uphold the school district’s decision unless DPI finds that the decision was arbitrary or unreasonable. The DPI’s decision may be appealed to circuit court.

What is Public School Open Enrollment? Wisconsin’s inter-district public school open enrollment program allows parents to apply for their children to attend school districts other than the one in which they live. Applications may be submitted to up to three nonresident school districts.

Open enrollment for prekindergarten, 4-year-old kindergarten and early childhood education is limited. Parents should call their resident school districts to find out if their preschool-aged children qualify for open enrollment.

How and when may parents apply? The open enrollment application period for the 2017-18 school year is from February 6-April 28, 2017. The application period closes at 4:00 p.m. on April 28, 2017. Late applications will not be accepted for any reason. Parents may apply online at http://dpi.wi.gov/oe.

Can I apply to a virtual charter school under open enrollment? A pupil may only open enroll to an online/virtual school if: (1) the school has been created as a virtual charter school that meets the requirements of the charter school law [Wis. Stats. 118.40 (8)] or (2) the pupil is required to physically attend school in the nonresident school district every day that school is in session. Other important things to know about applying to virtual charter schools: 

A virtual charter school is not homeschooling. Pupils attending virtual charter schools are public school pupils.

Yes. Nonresident school districts may deny an application if regular or special education space is not available for the pupil; special education or related services are not available; or if the pupil has been referred for a special education evaluation but has not yet been evaluated. Nonresident school districts may also deny an application if the pupil has been expelled during the current or preceding two years for certain violent conduct or if the pupil was habitually truant from the nonresident school district during any semester in the current or previous school year. If there are more applications than spaces, pupils must be selected randomly, after giving preference to pupils already attending school in the nonresident school district and siblings of currently-attending pupils. Some school districts establish waiting lists to fill unused spaces, but others do not.

Can a resident district prevent a pupil from leaving? Yes, in limited circumstances. A resident district can deny a pupil’s application for an invalid application (early or late application or missing information), ineligibility due to age (too young or too old), or if the resident district does not offer the same type of prekindergarten, four-year-old

Must pupils reapply every year? Once a pupil is accepted into a nonresident school district, the pupil may continue to attend that district without reapplication except that: 

The nonresident district may require a pupil to reapply one time—at the beginning of middle school, junior high or high school.



A pupil may be returned to the resident school district if the special education required in a new or revised IEP is not available in the nonresident district or there is no space.



A pupil who has become habitually truant in the nonresident district may be returned to the resident district.

Is there a cost to parents for open enrollment? There is no tuition cost to parents for participation in open enrollment. Parents of open enrolled pupils may be charged the same fees as resident pupils.

Who is responsible for transportation? Parents are responsible for transporting their children to and from school. If transportation is required in the individualized education program (IEP) for a child with a disability, it must be provided by the nonresident district. School districts may provide transportation to open enrollment pupils if they wish. Usually, if transportation is provided, parents must transport the pupil to a location in the nonresident district. Low-income parents may apply to the DPI for partial reimbursement of their transportation costs.

Can a parent select a specific school in the pupil’s nonresident school district? Yes. A parent may request a specific school or program in the nonresident district. However, assignment to the requested school or program is not guaranteed and your pupil may be assigned to a different school other than the one requested. It is up to each nonresident district to determine a pupil’s school assignment.

Can an open enrolled pupil participate in sports and other extra-curricular activities in the nonresident school district? Open enrolled pupils have the same rights and responsibilities as resident pupils.

Important open enrollment dates February 6 – April 28, 2017 – Parents must submit applications online or directly to the nonresident school district. June 9, 2017 – Nonresident school districts must mail notices of approval or denial. If the application is approved, the school district must notify the parents of the specific school or program to which the pupil is assigned. If the application is denied, parents have 30 days to file an appeal. June 16, 2017 – Resident districts must notify applicants if the application is denied. If the application is denied, parents have 30 days to file an appeal. June 30, 2017 – Parents of accepted applicants must notify the nonresident district if the pupil will attend the nonresident district in the 2017-18 school year. If the parent fails to make this notification, the nonresident district may refuse to allow the pupil to attend the district.

For more information contact: Public School Open Enrollment Program Wisconsin Department of Public Instruction P.O. Box 7841, Madison, WI 53707-7841 Toll-free: 888-245-2732 Email: [email protected] Web site: http://dpi.wi.gov/oe

Inter-scholastic athletics are governed by the Wisconsin Interscholastic Athletic Association (WIAA), which has rules concerning transfer pupils. Parents should check with the school district’s athletic director about eligibility.

2017-18 School Year Full-Time Inter-District

Open Enrollment In Wisconsin Public Schools (Information for Parents)

2017-18 The Wisconsin Department of Public Instruction does not discriminate on the basis of sex, race, color, religion, creed, age, national origin, ancestry, pregnancy, marital status or parental status, sexual orientation, or disability.

Wisconsin Department of Public Instruction Tony Evers, PhD, State Superintendent