KM Fiscal Responsibility
Kettle Moraine has worked hard to be fiscally responsible by prioritizing students' needs when balancing its budget. Efficiencies have been found through the following:
● Eliminating employee post-employment benefits
● Reducing operating budgets
● Deferred capital maintenance and impovements to buildings
● Shifting costs for benefits to employees*
● Insurance redesign and competitive bidding processes*
● Eliminating step and lane compensation increases
● Reduction in legal fees through staff attorney
● Contracting for substitute staff
● Contracting for custodial services
● Centralizing support services and eliminating support positions in buildings
● Finding efficiencies in transportation
● Attracting open enrollment-in to mid-point of class guideline ranges
● Restructuring delivery of learning opportunities
● Increasing class sizes
● Utilizing multi-age classrooms
● Compensating for micro-credentials that align to school/district goals
● Reducing support services to students
* The most common KM employee health plan has a $10,000 family deductible and limited network providers. The average family plan for other Waukesha County school districts has a $2,400 deductible.
RECOGNITION FOR FISCAL EXCELLENCE
Kettle Moraine School District is the only Wisconsin school district to receive the ASBO International Certificate of Excellence in Financial Reporting for the past 25 years - and only 4% in the nation achieved this recognition.
AN AA+ RATING FROM S&P GLOBAL
KM is just one of four districts in Wisconsin to receive an AA+ rating, which is the highest rating achieved by any district in the state from Standard & Poor’s Global.
SPENDING LESS ON ADMINISTRATION
KM spends $712,000 less annually on administration than comparable-sized districts and ranks as the second-lowest among 19 districts in Waukesha County on a per-pupil basis.
Source: 2017-18 Dept of Public Instruction comparative cost data