The primary responsibilities of the Business Office include accounting and financial reporting, facilities, insurance and risk management, payroll, audit and budget, and financial planning, among others. Several information resources and contacts are posted at the bottom of this page. If you cannot locate the information you seek, please contact my office for assistance.

We sincerely appreciate the financial effort extended by our community to support the District. We attempt to demonstrate our appreciation each day by working diligently to develop great schools and great students while using resources wisely.


Business Services Staff

Director of Business Services
Beth Sheridan
SheridaB@oasd.org
262-560-2119 

Accounting Manager
Mitzi Cass
262-560-2139
CassM@oasd.org 
Main Fax:  262-560-2103
Internal Auditor/Accountant
Jolene Pipp
262-560-2172
Fax:  262-560-2103

Accounts Payable Specialist/Accounting Analyst
Kristin Woodard
Accounts Payable Specialist

262-560-2141
WoodardK@oasd.org
Fax: 262-560-2102

Payroll Specialist
Stephanie Drew
(Teacher, Sub Teacher, Administrators)

262-560-2143
DrewS@oasd.org
Fax: 262-560-2102

Business Office/Payroll Administrative Asst.
Denise Koch (Paraprofessionals, Custodians, Admin Assistants, Extracurricular)

262-560-2138
KochD@oasd.org
Fax: 262-560-2102

 

Contracted Services

Financial Information

BUDGET SUMMARY
2017-18 BUDGET AND TAX LEVY UPDATE

  • Certified staff compensation and FTE levels approved in May
  • Competitive employee benefits
  • Appropriate class sizes at each grade level
  • Summer Academy professional development
  • Elementary math curriculum adoption and related teacher training
  • Expansion of pilot program for modernized learning spaces at all school sites
  • Continued expansion and support of Universal Design for Learning (UDL) framework district-wide
  • 1:1 Chromebook initiative at OHS, Nature Hill Intermediate and Silver Lake Intermediate schools

Tax Levy
Increasing 5.21%. Five factors contribute to this change: (1) 'three-year rolling average' enrollment growth, (2) modest expenditure increases, (3) no revenue limit authority change, (4) the State aid assumption, and (5) increased debt service resulting from the successful 2016 referendum.

State Equalization Aid
Increasing 6%. A "worst case" scenario would by a 15% loss, which has not materialized the past several years. A 6% increase is realistic and yet conservative. Increasing aid helps reduce the increase in the local property tax levy.

Mill Rate
Increasing 2.65%. An increase of 2.5% was used to estimate OASD's equalized tax base. OASD's tax base has grown each of the past three years at 5.7%, 3.0%, and 3.1% which is growth above the State average. Tax base growth helps to offset the increased tax levy.

Student Enrollment Growth
Increasing FTE count .9%. This is a conservative enrollment estimate that assumes an increase of 16 students (5,492 to 5,541). The 'three-year rolling-average' increases by 67 students.
         
               Third Friday September Count                Second Friday January Count (PDF)



Budget Reports

Fund 10 Revenues & Expenditures Budget (PDF)

All Other Funds Revenues and Expenditures Summary (PDF)

Budget Proposal

2017 - 2018 Budget Proposal (PDF)

2016 - 2017 Budget Proposal (PDF)

Budget Presentations

2017 - 2018 Board Budget Presentation (PDF)

2016 - 2017 Board Budget Presentation (PDF)

Budget Highlights

2017 - 2018 Budget Highlights (PDF)

2016 - 2017 Budget Highlights (PDF)

Financial Audit Report 

2015 - 2016 Audit Report (PDF)


Moody's Financial Bond Rating

Moody’s Investors Service has assigned an Aa2 rating to Oconomowoc Area School District,
WI’s $28.3 million General Obligation Corporate Purpose Bonds, Series 2017. Concurrently,
Moody’s maintains the Aa2 rating on the district’s outstanding general obligation unlimited
tax (GOULT) debt. Post-sale, the district will have $81.2 million of GOULT debt outstanding.
The Aa2 rating reflects the district’s sizeable tax base supported by above average income
levels and located within commuting distance of Milwaukee (Aa3 stable). The rating also
reflects the district's solid financial position, as well as its manageable debt and pension
liabilities.

The full report is available upon request.  Please contact the OASD Business Office.


Service Fund Levy Survey - DPI

Registration & Enrollment

W360 N7077 Brown Street
Oconomowoc, WI 53066
262-560-1115
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