District Financial Information

2024 Budget Hearing Presentation

The Platteville School District Annual Meeting was held on October 23, 2024.

Our projected budget revenue increase of 3.8% compared to the previous year, coupled with a budget expense increase of 7.3% forces us to enact a deficit spending plan mainly utilizing our fund balance, which we have built to withstand this type of scenario. Most of our expenses are allocated towards our dedicated staff, placing us at the forefront in staff compensation packages within Southwest Wisconsin.

2024-25 District Annual Meeting

2024-25 Annual Meeting Booklet

Financial Policies

Wisconsin Statutes

Section 115.28(13)      [uniform financial accounting system for school districts]

Section 120.13(6)        [school board power to apply for and receive federal aid]

Section 120.14            [annual school district audit required]

State Guidance

Department of Public Instruction School District Audit Manual Index

Wisconsin Uniform Financial Accounting Requirements (WUFAR)

Federal Law

2 C.F.R. §200.61         [definition of “internal controls” under the federal Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance)]

2 C.F.R. §200.62         [definition of “internal control over compliance requirements for Federal awards” under the Uniform Guidance]

2 C.F.R. §200.302       [school district financial management requirements established under the federal Uniform Guidance; note various cross-references in this section]

2 C.F.R. §200.303       [school district internal control requirements established under the federal Uniform Guidance]

2 C.F.R. part 200 subpt. E      [cost principles and allowable costs under the federal Uniform Guidance]

2 C.F.R. part 200 subpt. F      [audit requirements under the federal Uniform Guidance]

34 C.F.R. part 75        [U.S. Department of Education regulations for direct grant programs]

34 C.F.R. part 76        [U.S. Department of Education regulations for state-administered programs]

34 C.F.R. part 77        [definitions applicable to federal Education Department General Administrative Regulations (EDGAR)]

Budget Highlights Over Last Year

  • Total tax levy mill rate decreased from $7.50 to $7.05

  • Equalized state aid increased 7.5%

  • General Fund 10 revenues increase 3.8% - 7.7%

  • General Fund 10 expenses increased 7.3%

  • The district's 2024-25 total tax levy proposed at or below last year's level

Platteville receives approximately 70% of its general funding from state support and 30% from local property taxes.

mill rate

mill rate

We've seen increases in the costs of salaries, benefits, goods, and services. In public education, the largest portions of our budget go toward salaries and benefits, followed by maintenance, technology, and utility costs.

budget