Business Services

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.

Meet Our Team

Director of Business Services
Beth Sheridan
Click here to email Beth Sheridan

Accounting Manager
Chelsea Indra
Click here to email Chelsea Indra 
Main Fax:  262-560-2103

Internal Auditor/Accountant
Pam Seibel
Click here to email Pam Seibel
Main Fax:  262-560-2103

Accounts Payable Specialist/Accounting Analyst
Kristin Woodard
Click here to email Kristin Woodard
Fax: 262-560-2102

Payroll Specialist
Kelly Brinkman
Click here to email Kelly Brinkman
Fax: 262-560-2102

Benefits and Wellness Specialist
Sara Stangel
Click here to email Sara Stangel

Business Office/Payroll Specialist
Denise Koch

Click here to email Denise Koch
Fax: 262-560-2102


Contracted Services

Financial Information

Budget Summary

2022-23 Budget Overview

The State Perspective

The District’s budgetary financial framework is determined primarily by the State of Wisconsin’s budget. This is the second year of the State’s 2021-23 budget and many key variables are solidified. However, there are a number of considerations that must be estimated, including enrollment equalized property values, and State Equalization Aid. OASD’s budget is based upon the best estimates of likely financial conditions, including the following:

  • The “Revenue Limit Formula” by which the State indirectly controls K-12 spending is budgeted to remain flat (a ‘zero increase’) next year. Per- student revenue limit authority has varied over the years (see chart below). Additional revenue authority helps a district to balance the inflationary and operational escalation of its expenditures. A ‘zero increase’ State budget scenario holds down statewide property taxes, but obviously creates challenging financial conditions for school districts.
  • State Equalization Aid, which is OASD’s largest funding source other than local property taxes, is expected to decrease by 12.6%. A decrease in State aid shifts the funding burden to the local property tax levy from the state-level. OASD can be viewed as a State-local funding partnership. The actions of one funding partner greatly impacts the other funding partner.
  • Per Pupil Categorical Aid was first provided to districts in 2013-14 to supplement and/or replace funding through ‘new’ revenue limit authority. For 2021-22 and 2022-23, the State’s budget provides Per Pupil Categorical Aid at $742 per pupil, generating aid of approximately $3.9M and $3.84M in the respective school years.
  • The open enrollment transfer amount is increasing from $8,161 ($13,013 pupils with disabilities) to an estimated $8,224 ($13,076 pupils with disabilities) for 2022-23. Open enrollment revenue is estimated to remain consistent with the 2021-22 budget amount ($2.3M). While the rate is estimated to increase, the number of students is predicted to decrease slightly. The open enrollment out expenditure is estimated to decrease by 3.5% which reflects a decrease in the number of students and the projected increase in the per-pupil rate. The change in revenue and expenditure net with one another to create a decrease of $213,000 net expenditure. Both revenue and expenditure amounts reflect the combined changes in open enrollment, the Independent Charter School FTE, and the State’s voucher program.
  • With no increase to revenue limit authority or Per-Pupil Categorical Aid, OASD is reliant upon ESSER II and ESSER III federal programs to balance the budget and fund the normal inflation of expenditures. The District was allocated $2,085,000 in ESSER II funds and $2,334,000 in ESSER III funds. A portion of ESSER II was used during the 2021-22 school year. The remainder ($1,777,000), along with $841,000 of ESSER III funds, is earmarked for use in the 2022-23 school year.


The Local Perspective

The District expects limited General Fund revenue growth next year. The declining enrollment trend is causing $415,000 in reduced revenue limit authority next year despite the hold harmless and declining enrollment exemptions in the revenue limit formula.

This budget proposal includes a $0 increase in the revenue limit per pupil (see State Perspective above), which is a constraint on revenue. The primary sources generating additional revenue for OASD are (1) ESSER II and ESSER III funding, (2) a capital lease gross-up entry (which is offset by a corresponding expenditure increase) and (3) budgeting for uncertain revenue that has historically not been budgeted.

We expect General Fund revenue to increase by .96% next year based primarily on tight controls by the State and predicted declining enrollment.

OASD was fortunate for many years to experience a trend of growing enrollment. This trend is a positive revenue factor. Under the State revenue limit formula, districts with growing enrollment have more financial flexibility than districts with declining enrollment. For the past several years, OASD’s enrollment has declined, constricting revenue.

With new-home starts and residential development apparent throughout the District, we are hopeful that enrollment growth will resume once again. This budget includes a 104-student decrease in “3 year rolling average” membership. This rolling average reflects three years of declining enrollment and includes the exceptionally low summer school enrollment in 2020.

General Fund expenditures must conform to available revenues to produce a balanced operating budget. The proposed budget is balanced, while incorporating key initiatives, through careful control of costs and strategic allocation of limited resources. This budget supports the instructional mission of OASD as demonstrated by sustaining these key initiatives:

  • Pupil-to-teacher ratios which are appropriate for each grade, and which support a positive environment for learning.
  • A Response to Intervention (RTI) system that meets the needs of all learners and decreases the need for referral to special education.
  • Intervention time to address learning achievement gaps and maintenance of the RTI facilitator roles at the intermediate level to coordinate math and literacy interventions and build staff capacity.
  • Consistent annual funding for curriculum materials, instructional technology, and staff development, all which place OASD among the leading school districts in Wisconsin.
  • A technology plan that supports a 1:1 student-to-device ratio in grades 5K through 12 and 5 iPads per classroom in 4K. The technology plan also provides reliable student access and use of mobile technology supported by OASD’s high-speed fiber network and wireless infrastructure.
  • Implementation of, along with staff professional development for, a student life-ready competencies screener and new Life Ready curriculum.
  • Student mental health and well-being is supported through community partnerships with GALS Institute and Family Services of Waukesha, and a Student and Family Assistance Program (SFAP).
  • Additional student services staffing to align with a new staffing plan that reduces caseloads and provides more support for students.
  • Continued support for Achievement Via Individual Determination (AVID) at OHS.
  • Maintenance of a two Alternative Education position at OHS and a coordinator position to lead the Resilient Schools initiative responding to student needs and providing coaching to build staff capacity.
  • Continuance of a Dean of Students role at the intermediate schools to work collaboratively with building leaders to ensure all students have opportunities to achieve at high levels academically, socially, and emotionally. The Dean of Students (1) assists with the daily operation of the school with an emphasis on Restorative Justice and Positive Behavioral Interventions and Supports (PBIS); (2) provides leadership and is a resource for the Student Services Team in providing a data-driven Multi-Level System of Support (MLSS); and (3) promotes an inclusive learning community that supports social interaction, active engagement in learning and self-motivation.
  • Support for the Athletic Strategic plan with a new athlete development and student leadership position at OHS.
  • A commitment to facility preventative maintenance, renovation, infrastructure improvements, and long-term capital project funding.
  • A sustainable educators’ compensation model that provides competitive compensation and attracts and retains OASD’s high-quality certified staff.
  • Competitive salaries and benefits for all employee groups.


While financial conditions for K-12 school districts are challenging, there are also opportunities to create new and innovative solutions.  This proposal presents a balanced operating budget for 2022-23 which supports and advances OASD’s mission. There is little margin for error in this budget. Careful administration of the budget plan is essential to achieving the established financial targets. We look forward to an exciting and successful school year in 2022-23.

Tax Levy

Increasing 1.32%. Five factors contribute to this change: (1) Declining enrollment creating Revenue Limit exemptions, (2) modest expenditure increases, (3) $0 increase in revenue limit authority, (4) the State aid assumption, and (5) maintaining the debt service levy.

State Equalization Aid

Decreasing 12.64%. This is a 'worst case' scenario. The change is anticipated due to moderately increasing expenditures with declining enrollment, thereby increasing the District's shared costs. Decreasing aid puts greater pressure on the local property tax in the State-Local funding partnership.  

Mill Rate

Decreasing 1.63%. An increase of 3% was used to estimate OASD's equalized tax base. OASD's tax base increased 6.8% last year and has grown each of the past eight years, averaging 5.3% growth. Tax base growth helps to offset increases in the tax levy.

Student Enrollment

Decreasing FTE count 2.0%. This is a conservative enrollment estimate that assumes a decrease of 104 students (5,079 to 4,975). The 'three-year-rolling-average' membership decreases by 104 students to 5,191. Enrollment has been declining for the past several years. An updated enrollment study is being completed to help predict future trends.

2022-23 Budget Proposal

2022-23 Budget Proposal (PDF)

2022-23 Budget Addendum (PDF)

2022-23 Budget Presentation (PDF)

2021-22 Budget Proposal

2021-22 Budget Proposal (PDF)

2021-22 Budget Addendum (PDF)

2021-22 Budget Presentation (PDF)


Financial Audit Report 

OASD Financial Audit Report 2020

OASD Financial Audit Report 2019

Moody's Financial Bond Rating

Moody’s Investors Service has assigned an Aa2 rating to Oconomowoc Area School District, WI’s $19.9 million General Obligation School Building and Improvement Bonds, Series 2018. Concurrently, Moody’s maintains the Aa2 rating on the district’s outstanding general obligation unlimited tax (GOULT) debt. Post-sale, the district will have $93.6 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 modest exposure to unfunded pension liabilities, and above average debt burden following issuance of voter approved debt.

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

Service Fund Levy Survey - DPI

Registration & Enrollment

OASD Online Registration Information

Visit the OASD Registration Information page for details on online registration.

Student Fees

2021-2022 Student Fee Schedule & Parent Fees FAQ (PDF)

Additional Financial Forms

Sharing Information With Other Programs Form

Financial Difficulty Information

Step-by-Step Online Payment Instructions

915 E. Summit Avenue
Oconomowoc, WI 53066
Nondiscrimination: The Oconomowoc Area School District provides assurance that no student is discriminated against because of the student's sex, race, color, religion, national origin, ancestry, creed, pregnancy, marital or parental status, sexual orientation, or physical, mental, emotional, or learning disability.
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