School Financial Services
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School Financial Services
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Accounting, Auditing and Financial Management
- Aid Payments
- Aids Register
- Audit Requirements
- Budget and Adoption
- CESA Annual Report Information
- County Children with Disability Education Board (CCDEB)
- Debt Reporting Information
- Funds
- Property Value
- PSCP, SNSP & ICS Impacts
- School District Fund Balance Policy
- Standard Tuition
- Wisconsin Uniform Financial Accounting Requirements (WUFAR)
- State/Federal Aid and Grant Programs
- Counting Children
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Reporting to SFS
- Referenda Information
- WISEdata Finance and WiSFiP
- School Finance Reporting Portals
- Additional Reporting Instructions
- Chapter 220 Membership Reporting
- School Level Reporting per Every Student Succeeds Act (ESSA)
- School Calendar - Days and Hours of Instruction
- PI-1500 District Contacts Report
- CESA Annual Reports
- Revenue Limits
- Calendars and Communication
- Statistical
- Presentations and Tutorials
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School District Support
- Pupil Transportation
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School District Reorganization
- Detachment and Attachment of Territories
- School District Consolidation
- Dissolution of a School District
- Creating a New School District
- Territory Annexed to Certain Municipalities
- School District Boundary Dispute Resolution
- Forms and Templates
- History and Orders
- Glossary of School District Reorganization Terms
- School Operations
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Accounting, Auditing and Financial Management
Allowable Exemptions to Revenue Limit
Overview
A school district's revenue limit base is comprised of the following revenues received by the district in the prior school year: general school aids, property taxes, computer aid, and exempt personal property aid. The district's current year allowable revenue maximum is computed by using this prior year base along with district enrollments and an inflationary increment.
State law allows additional revenue authority up and above this allowable revenue maximum if certain conditions exist in the district. For example, a district is allowed to increase their revenue limit by the amount of an approved referendum. This additional revenue limit authority (referred to as exemptions) is defined as either recurring (permanent) or non-recurring (one-time). The distinction is important.
If an exemption is recurring, the amount of the exemption is added to the district's revenue limit in the current year and remains in the district's base revenue in subsequent school years. If an exemption is non-recurring, the amount of the exemption is added to the district's revenue limit in the current year but is then removed from the district's base revenue for the revenue limit calculation in the following school year.
Select a link to learn more about allowable exemptions to the revenue limit.