cost center budget fy 1011

Garnet Valley School District General Fund Budget Summary

Fiscal Year: 1011 Ver. 1011c Final May 17, 2010 Budget: The proposed cost center based budget provides for a total general fund budget of $83,624,748 for next year (1011). The current budget total is $80,478,604. Mills: The proposed budget requires a property tax mills rate for next year of 27.470 (Bethel: 27.833) mills. The current budget reflects a property tax mills rate of 26.698 (Bethel: 27.068), and provides for respective tax increases of 0.772 mills (Bethel: 0.765), or an increase of about 2.89 percent. A property assessed at $100,000 in Chester Heights or Concord would incur tax of $2,747.00 for year (1011) and $2,669.80 for year (0910). A property assessed at $100,000 in Bethel would incur tax of $2,783.30 for year (1011) and $2,706.80 for year (0910). Property Tax Rate Index (PTRI): Act 72 of 2004 established an index that limits future property tax rate increases for school districts. Act 1 of 2006 required all school districts to comply with the PTRI, as adjusted for relative wealth, effective with the 07/08 fiscal year. The PTRI consists of the state SAWWS (Statewide Average Weekly Wage) index and the federal ECI (Employment Cost) index. The unenhanced, base, PTRI index for 1011 is 2.90%. The school district’s proposed tax increase for next year is in compliance with the base PTRI. If the district’s proposed tax rate increase was in excess of the base PTRI, then it would be required to obtain voter approval by referendum this May or it would be required to seek PDE or court allowed exceptions. In order to claim exceptions, the district would have had to advertise a preliminary budget this past January, and adopt a preliminary budget in mid – February. District Property Tax Revenue: The projected value of one mill to the district for next year is $2,355,115 (current year $2,308,856), an increase of 2.00 percent. 27.470 mills will generate $64,694,002 of district property tax revenue required for next year’s general fund operations, based on the projected value of one mill. The district projected mill value is subject to change monthly until June. Subsidies: The proposed state budget provides for an increase of 2.00% ($73,759) for the district’s basic education subsidy and a 0.0 percent increase in the district’s special education subsidy. Those amounts are included in the district’s proposed budget. The proposed state budget provides for “Accountability Block Grants” that help districts attain and maintain student proficiencies. $225,030 of these accountability block grant funds are included in the district’s proposed budget. IDEA funds of $1,125,662 and ACCESS funds of $660,122 are also included in the district’s proposed budget. Rental Revenue: The proposed budget reflects $1,043,654 in rent revenue that the district will receive next year from Delaware County Intermediate Unit (DCIU) for the use of FHG ($91,758); Pennington School ($951,896) and no classroom rentals, (worth $15,950 each). DCIU took possession of the entire Pennington School building (63,800 square feet) on July 1, 2008. Building rent is based upon $14.92/ sq ft ($14.50/ sq ft current year). The investment value of these two rental properties, based upon the net present value of rental income and assuming a 5%, twenty five year return on investment is:

$ 5,173,000 FHG (annualized) $13,416,000 Pennington School DCIU will be vacating the FHG building next year. Three quarters of the annual rental income ($275,274) previously due in rent for the use of this building has been eliminated from next year’s budget. Personnel: The proposed budget provides for no additional professional staff positions. Next year’s proposed budget continues to include a $30,000 appropriation to fund a “Retiree Paraprofessional Substitute Volunteer Program” that anticipates a reduction in substitute paraprofessional services of an equivalent amount. Compensation Benefits: The proposed budget reflects overall compensation benefit increases of $1,369,401, reflecting a 8.35% increase in participation, claims experience, changes in coverages, as well as rate increases from benefit carriers. The district changed its medical plan for district professional and support personnel from PC10 to PC20/30/70 in order to save nearly 14% in medical premium costs. The district will pre-fund its total healthcare premium with Blue Cross and will further reduce its cost by an average of 1.75 percent. State Retirement Contribution (PSERS): The proposed budget will fund a gross state retirement (PSERS) rate of 8.22% next year (4.78% current year). The district’s gross contribution rate will increase to 29.22% in fiscal year 2012-2013. The total district cost of it contribution to the state retirement system next year is projected to be $3,401,188 ($2,781,343 currently), which is subsidized in half by state reimbursements. The district’s net cost of the PSERS retirement cost increase will total $309,845 next year (the net increase was $57,796 this year). Lease Rental Appropriation: The proposed budget reflects a lease rental appropriation for Bethel Springs Elementary School of $1,542,958 (currently $1,548,157). Lease rental funds of $20,000,000 were borrowed from the State Public School Building Authority in November 2000 for construction of the new elementary school in Bethel Township. The lease was refinanced in April 2005, and savings of $309,425 were realized. New Equipment Purchases and Financing Note: Capital equipment requests total $1,250,000 and include: Technology - $508,482 Transportation - $542,716 Buildings - $ 76,838 Maintenance - $115,000 Athletics - $ 6,964 The proposed budget provides part year new debt service for the purchase of up to $1,250,000 of capital equipment. The new debt service is based on obtaining a four-year, 2.5 percent variable rate note.

Future Debt Service (Next Five Years): The total appropriation for all district general obligation, lease appropriation, equipment note debt service and reserve funding ($360,000) will be $11,217,122 next year ($11,283,013 currently). Anticipated future debt service for the next five years is as follows: Year 1011 11,217,122 Year 1112 11,238,657 Year 1213 11,249,052 Year 1314 11,261,913 Year 1415 11,331,896 Year 1516 11,395,808 The district refinanced its 2003 general obligation bonds this year, saving over $192,000 in future debt service. Those savings have been reflected in the above schedule. The district anticipates that the future maximum debt service burden for existing and proposed (DVRFA renewal) debt will occur in 16/17 and will total $11,405,448. The average annual debt service is $11,300,000. The district is conserving its fund balance reserves today in order to minimize the millage effect of the anticipated future changes in debt service. Future Projects and Contingent Future Debt Service: Final cost estimates for Station Road paving, a Smithbridge Road high school turning lane, district-wide re-roofing projects, and energy savings projects are being developed. The total scope of work for these and other capital projects is estimated to cost less than $8,000,000. Financing for these projects would be in addition to the calculation of the future annual debt service costs listed above. Assuming a 5 percent interest rate and the issue of 20 year bonds, additional debt service for a new general obligation issue would cost approximately $640,000 per year. The net incremental annual debt service cost to the district could be significantly less, due to any related, offsetting energy savings and the availability of any potential energy grants. Available Borrowing Capacity The district’s available borrowing capacity as of the end of this fiscal year is $38,946,395 (net of subsidy offsets). Borrowing capacity changes annually based upon the average of the last three years of general fund revenues and the level of the general obligation issues outstanding. Projected Fund Balance: The district estimates its total fund balance at the end of this fiscal year to be $7,076,800, and estimates that its next year ending unreserved, undesignated, fund balance will be $6,013,618. The district’s practice is to designate any remaining fund balance that is un-reserved or undesignated to fund future other post employment benefits (OPEB). The Governmental Accounting Standards Board (GASB) Statement Number 45 requires recognition of these post employment benefits, beginning in fiscal year 08/09 and years thereafter. Cost saving and revenue enhancements: Transportation: The proposed budget provides for the continuation of the two – run bus shuttle system within the district at an annual savings of nearly $60,000 that would otherwise be incurred by implementing a three-run shuttle system. District Bids: Computer hardware bid, instructional supplies bid, athletic supplies bid, science supplies bid, health supplies bid, art supplies bid, industrial art supplies bid, bus vehicle bid, maintenance vehicle bid, snow plowing bid, grounds maintenance bid.

District RFP’s (Requests for Service Proposals): Food service provider (Chartwells) RFP, cell phone RFP (shared with municipalities, and area fire and ambulance services, pool services RFP, phone equipment RFP, insurance brokerage RFP, liability insurance RFP, workers compensation insurance RFP, student athletic insurance RFP, auditing firm RFP, bond counsel fee RFP, paying agent fee RFP, banking services RFP. Participation In County and Regional Consortium Bids and RFP’s: Electric power supplier RFP, computer supplies (toner, paper, etc.) bid, office supplies (60 % off catalog) bid, bus run consortium (shared services), group life insurance RFP, disability income protection RFP, healthcare consortium, PCS (prescription drug) purchasing consortium, fiber optic network – county wide consortium, trash disposal bid, pesticide services bid, fuel oil bid, motor fuels bid (shared with municipalities and area fire and ambulance services), bulk paper bid, local and long distance phone service carrier. Participation in State- wide Purchasing Consortiums (State Contracts): State contract participation includes: synthetic turf athletic fields, athletic track facilities, roof replacement, computer equipment, copier equipment, GVEC Board/Admin. furniture (constructed by inmates of the State Correctional Facility) ,Concord, GVES, GVMS, & GVHS classroom furniture. Procurement Cards: Use of procurement cards for recurring purchases, reducing clerical processing time. Debt Management: Long-term debt re-structuring, re-financings, and use of variable rate debt to reduce millage variations Use of investment arbitrage earnings on debt borrowings to offset debt service Wages and Benefits: Overtime and extra work bi-weekly report monitoring Use of student labor in cafeteria; data wiring; and, computer construction / configuration updates ERIP (early retirement incentive plans) Medical Premium annual pre-funding (saves up to 5% of total premium cost) Change in basic health plan coverage from BC-BS Personal Choice 10 to Personal Choice 20/30/70; and including employee incentives to opt-out of the medical plan Self-insured prescription drug plan Self-insured dental plan Tuition reimbursement caps Use of 457b, 403b deferred compensation plans and HRA accounts upon severance, saving employer FICA tax Section 125 flexible spending accounts, saving employer social security expense Certified Workers Compensation Safety Committee, saving 5% premium annually Food Service: Bulk purchasing of cafeteria food supplies through food service vendor Transportation: Use of Edulog transportation software to minimize numbers of buses used Wheelchair buses purchased to reduce payments to outside vendor. Facilities: Salting and supplemental snow removal services provided by area municipalities Computer networked energy control systems installed in school buildings Low energy lighting installed throughout the district Geothermal heating, new Concord Elementary School

Districtwide “Green Initiatives” to conserve district resources and encourage recycling Program: Successful defense and denial of start-up local charter school, saving over $700,000 annually Special education take-back programs (hearing, speech) Extended kindergarten (vs. full day kindergarten), enhanced program without cost of full day program RSVP program, offering help to senior citizens while not impacting district wage costs Residency verification, reducing the potential for non-resident students Alternative Revenues: Rents from Delaware County Intermediate Unit for FHG building and Pennington School Attraction of new commercial property owners (Ericson, Main Line Health) Impact fee / donation from Toll Brs to assist with widening of Station Rd ($500,000) LERTA tax incentive zone, enhancing tax base Active defense of major tax assessment appeals, maintaining tax assessment base Use of lockbox collection services for tax payments, improving cash flow and total funds invested Investment earnings Receipt of $300,000+ grant to retrofit all buses for ULSF (Federal mandate by October 2006) Curriculum related grant writing Accountability Grants Special Education grants IDEA Grant ACCESS Grant Federal Program grants Rentals of classrooms Athletic receipts Field use facility fees Fees for prison program administration Auctions of surplus property Summer School Tuition Purchase card rebates Advertising revenues (circulars and fence signs) Charitable contributions solicited or received: Fund raisers (auctions, promotional sales) Donations and Contributions: Developer impact fees (residential developer) – offsetting construction costs Trust Funds (Scholarships) Donated Property:

NAEIR Surplus Center Participation (instructional materials and maintenance items)

HS Fitness Center equipment Electronic scoreboards

Personal computers, library books, office equipment, jackets, musical instruments

Traffic signal installation (thru Concord Township) Donated Services: Snack Shack construction Football field lighting and installation Facility scheduling software and service Service organization volunteers (GV Foundation, BAC, DAC, booster clubs) District volunteers

01/19/2011, Delaney, Page 1

Costcenterbdgt1011b May 17, 2010

Proposed Mills 27.470 2.892% GARNET VALLEY SCHOOL DISTRICTEquip Note $1.250M COST CENTER BUDGET SUMMARY MEMO:Debt Var Rate 2.50% 2009 - 2010Invest Rate 0.54% 2 Yr Prior 1 Yr Prior 1 Yr Prior Current Current Estimate Proposed Bdgt to Bdgt to Mills IncrUse of Fd Bal 1,063,182 Actual Budget Actual Budget % of Estimate over / Proposed Year Budget % of Bdgt Bdgt (Decr) @Acct Ctr Cost Center 2007 - 2008 2008 - 2009 2008 - 2009 2009 - 2010 Tot Bdgt 2009 - 2010 (Under) Bdgt Memo 2010 - 2011 Tot Bdgt $ % 2,355,115

Instructional Cost Center Budgets:Building Alloc: 680,560 680,560

12 100 Concord 856 96,664 106,368 106,368 106,368 0.13% 106,368 0 823 106,368 0.13% 0 0.00% 0.00014 110 GV Elem 819 96,129 102,400 102,400 102,400 0.13% 102,400 0 831 102,400 0.12% 0 0.00% 0.00016 120 BSES 552 74,277 69,632 69,632 69,632 0.09% 69,632 0 558 69,632 0.08% 0 0.00% 0.00021 130 MS 1,115 104,123 148,273 148,273 148,273 0.18% 148,273 0 1,115 148,273 0.18% 0 0.00% 0.00031 140 HS 1,494 219,815 253,887 253,887 253,887 0.32% 253,887 0 1,494 253,887 0.30% 0 0.00% 0.000

4,836 4,821

Textbook Alloc: Unused Amt Accrues to Fd Bal

12 100 Concord 54,015 42,961 54,015 54,015 54,015 0.07% 54,015 0 54,015 54,015 0.06% 0 0.00% 0.00014 110 GV Elem 43,122 34,107 52,000 52,000 52,000 0.06% 52,000 0 52,000 52,000 0.06% 0 0.00% 0.00016 120 BSES 35,360 14,652 35,360 35,360 35,360 0.04% 35,360 0 35,360 35,360 0.04% 0 0.00% 0.00021 130 MS 7,896 92,923 94,265 94,265 94,265 0.12% 94,265 0 13,878 94,265 0.11% 0 0.00% 0.00031 140 HS 55,265 132,660 158,430 158,430 158,430 0.20% 158,430 0 78,881 158,430 0.19% 0 0.00% 0.000

Tot used 195,658 234,134

Not used 198,412 159,936

Bldg Fixed Costs 837,560 837,560

10 150 Jt Elm 0 6,537 0 0 0.00% 0 0 Set equal to 08-09; and 0910 0 0.00% 0 0.00011 160 Concord 115,457 102,183 67,665 116,000 0.14% 116,000 0 116,000 0.14% 0 0.00% 0.00013 170 GV Elem 116,038 128,979 87,774 116,000 0.14% 116,000 0 116,000 0.14% 0 0.00% 0.00015 180 BSES 116,470 72,988 53,375 116,000 0.14% 116,000 0 116,000 0.14% 0 0.00% 0.00022 190 MS 186,949 138,278 114,390 185,650 0.23% 185,650 0 185,650 0.22% 0 0.00% 0.00032 200 HS 304,232 344,943 229,922 303,910 0.38% 303,910 0 303,910 0.36% 0 0.00% 0.000

Program Related Costs:65 210 Special Ed & PPS, District 123,902 115,150 91,027 107,600 0.13% 107,600 0 117,600 0.14% 10,000 9.29% 0.00465 220 Charged back to IDEA 599 0 319 0 0.00% 0 0 0.00% 0 0.00065 230 Spec Ed - DCIU Contract & Cur Yr Reconcil Pmt 282,568 360,236 287,573 160,088 0.20% 314,501 154,413 246,699 0.30% 86,611 54.10% 0.03765 240 Contracted Svcs 238,864 117,380 206,732 154,980 0.19% 154,980 0 144,000 0.17% (10,980) -7.08% -0.00565 250 Retro Billing/(Refund) - Pr Yr 0 72,985 0 0 0.00% 0 0 0 0.00% 0 0.00065 260 Fair Share Agreement 89,284 56,512 56,512 72,803 0.09% 104,146 31,343 Add MNSD, Pennington, drop FHG 120,326 0.14% 47,523 65.28% 0.02065 270 Extended School Year 215,449 68,725 207,028 119,325 0.15% 168,637 49,312 115,375 0.14% (3,950) -3.31% -0.00265 280 Pmts to PRRI 38,164 15,500 124,580 15,500 0.02% 70,205 54,705 15,500 0.02% 0 0.00% 0.00065 290 Pmts to Approved Private Schools 345,882 269,000 713,037 486,000 0.60% 700,000 214,000 489,000 0.58% 3,000 0.62% 0.00165 310 Early Intervention Costs 159,024 160,000 95,490 160,000 0.20% 200,000 40,000 100,000 0.12% (60,000) -37.50% -0.02565 320 Detention Center 89,728 0 0 0.00% 0 0 0 0.00% 0 0.00065 330 Missouri Distance Learning 0 1,900 443 1,500 0.00% 1,500 0 1,500 0.00% 0 0.00% 0.000

1,100 400 ESL 62,868 68,750 69,200 87,750 0.11% 69,200 (18,550) 87,750 0.10% 0 0.00% 0.00065 340 Access Program (Cost ctrs 340&360) 58,666 0 44,618 0 0.00% 0 0 0 0.00% 0 0.000

Subtotal - Special Ed. & PPS 1,704,998 1,306,138 1,896,559 1,365,546 1.70% 1,890,769 525,223 1,437,750 1.72% 72,204 5.29% 0.03070 350 Curric & Staff Devel - Other 287,094 417,590 310,457 335,811 0.42% 335,811 0 Excludes Wages 342,075 0.41% 6,264 1.87% 0.00370 350 Textbook Support 22,000 0 0 0 0 0 0.00% 0 0.00070 360 Laurel Technology Svc Contract 0 24,000 0 0 0.00% 0 0 0 0.00% 0 ERR 0.00080 390 Extra grants (reserve for future grants) 242,030 139,878 91,396 136,978 0.17% 136,978 0 See offsetting grant receipts 136,978 0.16% 0 0.00% 0.000

1,100 410 Charter School Tuition 320,942 319,100 277,524 320,942 0.40% 300,000 (20,942) Reimb based on cur yr (not nxt yr) costs 288,555 0.35% (32,387) -10.09% -0.0141,390 420 Vo Tech Tuition 353,701 427,491 424,560 419,724 0.52% 368,349 (51,375) 274,415 0.33% (145,309) -34.62% -0.0621,390 430 Retro Billing/(Refund) Pr Yr 0 27,514 27,514 0.00% 0 0 0.00% 0 0.0002,130 440 Attendance 0 300 0 0 0.00% 0 0 0 0.00% 0 ERR 0.0002,340 450 Sub Calling Svc Excl Transp 485,125 560,402 511,216 560,402 0.70% 535,055 (25,347) STS1Per Grpwise Tfrs 0809 fwd to1011 - See 527,690 0.63% (32,712) -5.84% -0.0142,400 460 Health 120 600 150 0 0.00% 0 0 Crossing Guards below for Add'l STS2 Tfr 0 0.00% 0 ERR 0.0002,900 470 IU Operating Cost (St W/H) 68,317 68,317 68,772 68,772 0.09% 68,772 0 72,803 0.09% 4,031 5.86% 0.0023,210 480 Student restricted funds (revenue offset) 688,205 900,000 658,753 900,000 1.12% 900,000 0 See offsetting student receipts 900,000 1.08% 0 0.00% 0.0003,210 490 Student activities GVES 0 600 0 0.00% 0 0 0.00% 0 ERR 0.0003,210 500 Student activities BSES 0 600 0 0.00% 0 0 0.00% 0 ERR 0.0003,210 510 Student activities HS 0 2,800 0 0.00% 0 0 0.00% 0 ERR 0.0003,250 520 Athletics - MS 35,497 59,124 48,418 59,490 0.07% 59,490 0 Athletic trip wages in transp 62,645 0.07% 3,155 5.30% 0.0013,250 530 Athletics - HS 252,823 257,464 238,577 245,585 0.31% 245,585 0 Athletic trip wages in transp 240,010 0.29% (5,575) -2.27% -0.0023,250 540 Athletics - HS (Athl dir) 0 79,211 0 0 0.00% 0 0 0 0.00% 0 ERR 0.0003,312 550 District Events, Chorus/Band 0 2,000 0 2,000 0.00% 2,000 0 2,000 0.00% 0 0.00% 0.000

Total Instructional Cost Center Budgets 6,208,309 6,461,667 6,181,652 6,327,440 7.86% 6,754,999 427,559 6,197,111 7.41% (130,329) -2.06% -0.056




Wages, Current Positions and Compensation - New Positions100 560 Continuing positions (STS acct above used for subs) 35,408,260 39,429,716 39,010,099 41,080,716 51.05% 41,080,716 0 43,303,471 51.78% 2,222,755 5.41% 0.944100 570 RSVP 30,000 30,000 30,000 30,000 0.04% 30,000 0 30,000 0.04% 0 0.00% 0.000

ERIP Savings - new retirees (427,271) (396,414) (396,414) 0 0.00% 0 0 (95,688) -0.11% (95,688) ERR -0.041100 580 Compensation - new positions incl benefits 978,945 679,645 679,645 126,528 0.16% 126,528 0 0 0.00% (126,528) -100.00% -0.054

Total wages 35,989,934 39,742,947 39,323,330 41,237,244 51.24% 41,237,244 0 43,237,783 51.70% 2,000,539 4.85% 0.849

Benefits, Current Positions210 590 Medical: hosp,dental,vision, drug 6,803,154 8,442,045 6,423,279 8,456,587 10.51% 8,456,587 0 9,537,185 11.40% 1,080,598 12.78% 0.459210 590 Medical "Second Look" Final Premium Adj 0 0 0 0 0.00% 0 0 0 0.00% 0 0.000230 600 PSERS (only) Retirement 2,315,116 2,663,546 2,071,234 2,781,343 3.46% 1,778,188 (1,003,155) 3,401,188 4.07% 619,845 22.29% 0.263260 610 Workers Compensation 357,166 398,556 298,993 409,615 0.51% 335,000 (74,615) 349,179 0.42% (60,436) -14.75% -0.026200 620 Other Employee Benefits 3,678,416 4,255,199 4,401,165 4,755,386 5.91% 4,755,386 0 4,484,780 5.36% (270,606) -5.69% -0.115

Total Benefits 13,153,852 15,759,346 13,194,671 16,402,931 20.38% 15,325,161 (1,077,770) 17,772,332 21.25% 1,369,401 8.35% 0.581

District Wide & Supporting Cost Centers: Total insurance

2,310 630 Insur E&O 242,700 48,005 45,400 39,185 42,500 0.05% 42,500 0 262,700 42,500 0.05% 0 0.00% 0.0002,310 640 Insur Volunteers 0 0 3,599 0.00% 0 Prepaid 3 yrs 20,000 0.02% 20,000 0.0082,330 650 Insur Pub Offic - Treasurer & Tax Collectors 18,123 19,400 22,884 23,000 0.03% 23,000 0 23,000 0.03% 0 0.00% 0.0002,600 660 Insur Umbrella 42,352 40,000 64,818 39,500 0.05% 39,500 0 39,500 0.05% 0 0.00% 0.0002,600 670 Insur Liab, Prop, Inland Marine & Crime 72,604 91,600 93,954 76,500 0.10% 76,500 0 76,500 0.09% 0 0.00% 0.0002,700 680 Insur Transp Automotive 59,253 55,100 54,626 52,000 0.06% 52,000 0 52,000 0.06% 0 0.00% 0.0003,250 690 Insur HS Athletic 10,673 11,000 9,062 9,200 0.01% 9,200 0 Includes all sports 9,200 0.01% 0 0.00% 0.000

40 740 Transportation 465,589 561,034 611,058 511,034 0.63% 511,034 0 Field trips are self-supporting $0.00 cost to GV 511,034 0.61% 0 0.00% 0.00040 750 Contractedwheelchair transport 0 5,000 8,203 5,000 0.01% 5,000 0 5,000 0.01% 0 0.00% 0.00040 750 Bus rentals 13,316 0 0 0 0.00% 0 0 0 0.00% 0 0.00040 760 1/2 cost contract crossing guards 36,067 23,916 33,012 32,712 0.04% 32,712 0 STS2: 2730-181-40 code for xing guard 32,712 0.04% 0 0.00% 0.00050 770 Maintenance 3,114,053 3,262,500 3,390,764 3,253,845 4.04% 3,253,845 0 3,253,845 3.89% 0 0.00% 0.000

1,700 790 Community College 206,804 219,022 219,022 245,249 0.30% 245,249 0 244,973 0.29% (276) -0.11% -0.0002,310 800 Board 48,914 107,300 54,745 107,300 0.13% 60,000 (47,300) 60,000 0.07% (47,300) -44.08% -0.0202,310 810 Auditing Svcs 43,045 42,000 31,775 42,000 0.05% 36,000 (6,000) 42,000 0.05% 0 0.00% 0.0002,330 820 Tax 49,574 6,300 6,300 6,300 0.01% 6,300 0 6,300 0.01% 0 0.00% 0.0002,340 830 Personnel 25,284 35,000 20,811 35,000 0.04% 35,000 0 Total Legal: 35,000 0.04% 0 0.00% 0.0002,350 840 Legal Solic 200,552 135,410 99,400 184,960 141,952 0.18% 141,952 0 200,552 131,952 0.16% (10,000) -7.04% -0.0042,350 850 Legal Appraisal Fees 4,944 1,200 4,198 1,200 0.00% 1,200 0 11,200 0.01% 10,000 833.33% 0.0042,350 860 Legal Spec Ed & Steno 0 51,800 0 51,800 0.06% 51,800 0 51,800 0.06% 0 0.00% 0.0002,350 870 Legal Other Incl Chartr Schools, Bond Issue Fees 0 5,600 0 5,600 0.01% 5,600 0 est 5,600 0.01% 0 0.00% 0.0002,360 880 Superintendent 39,200 38,700 38,700 38,700 0.05% 38,700 0 38,700 0.05% 0 0.00% 0.0002,500 890 Business office 61,118 60,300 59,906 60,300 0.07% 60,300 0 60,300 0.07% 0 0.00% 0.0002,500 900 svc agreements 54,300 66,092 66,053 76,121 0.09% 76,121 0 76,121 0.09% 0 0.00% 0.0002,500 910 Fixed asset appraisal 2,800 3,000 3,026 3,000 0.00% 3,000 0 Total Communications: 3,000 0.00% 0 0.00% 0.0002,600 920 Telephone 201,163 146,012 165,442 157,976 165,442 0.21% 165,442 0 201,163 165,442 0.20% 0 0.00% 0.0002,600 930 Widener/WINS Internet Access 31,300 31,300 31,300 22,135 0.03% 22,135 0 Not Widener Netwrk Svc and Maint Contract - 22,135 0.03% 0 0.00% 0.0002,600 950 Fiber annual line maintenance 5,000 5,000 7,586 0.01% 7,586 0 which is included in Curriculum Dept. 7,586 0.01% 0 0.00% 0.0002,600 970 DCIU system services 5,037 6,000 6,000 6,000 0.01% 6,000 0 6,000 0.01% 0 0.00% 0.0003,312 980 Community services, pool supplies (maint dept 50) 12,375 0 0 0 0.00% 0 0 Included in Maint Dept Budget 0 0.00% 0 0.0003,312 990 Community services, Rocky Run YMCA 94,850 86,000 86,000 95,000 0.12% 95,000 0 95,000 0.11% 0 0.00% 0.0003,321 1,000 Community Newsletter (VOV) 60,770 72,000 73,992 72,000 0.09% 72,000 0 72,000 0.09% 0 0.00% 0.000

Total Distr - Wide & Supporting Cost Ctr Bdgts 4,906,772 5,216,406 5,375,929 5,227,976 6.50% 5,174,676 (53,300) 5,200,400 6.22% (27,576) -0.53% -0.012




Debt Service, Fund Transfers, and Budgetary Reserve5,100 1,010 Debt Service - GOBs & GONs 7,862,226 8,160,409 8,160,409 8,037,499 9.99% 7,850,499 (187,000) 7,967,770 9.53% (69,729) -0.87% -0.0305,100 1,020 Lease rental appropriation - 20M (St Pub) 1,539,558 1,541,957 1,541,957 1,548,157 1.92% 1,548,157 0 1,542,958 1.85% (5,199) -0.34% -0.0025,100 1,040 Now: DVRFA Rate Chngs; Pr Yrs Patriot Lease 0 0.00% 0 0 0.00% 0 0.0005,100 1,050 Equipment Notes 1,005,265 1,133,369 655,466 1,256,336 1.56% 920,544 (335,792) DVRFA 4 Yr Var Rt Notes 1,272,665 1.52% 16,329 1.30% 0.0075,100 1,050 New Equip Notes - DVRFA 26,250 26,250 26,250 25,521 0.03% 25,521 0 New Eq Note $1.250M 4yr 7 Mos First Yr 18,229 0.02% (7,292) -28.57% -0.0035,100 1,060 Trustee fees, authority 18,691 25,000 18,989 22,000 0.03% 22,000 0 22,000 0.03% 0 0.00% 0.0005,100 1,070 Del Co Vo Tech, DCCC 37,059 37,059 37,059 33,500 0.04% 33,500 0 33,500 0.04% 0 0.00% 0.0005,200 1,090 Tfr to Cap Res Fd for txtbooks 0 6,562 0.00% 0 0 0.00% 0 ERR 0.0005,900 1,100 Budgetary Reserve 0 360,000 360,000 0.45% (360,000) Budgetary Reserve 360,000 0.43% 0 0.00% 0.000

Total debt, transfers and reserves 10,489,049 11,290,606 10,440,130 11,283,013 14.02% 10,400,221 (882,792) 11,217,122 13.41% (65,891) -0.58% -0.028

TOTAL EXPENDITURE BUDGET 70,747,916 78,470,972 74,515,712 80,478,604 100.00% 78,892,301 (1,586,303) 83,624,748 100.00% 3,146,144 3.91% 1.336

MEMO: EXPENDITURE BUDGET NET OF OFFSETTING RECEIPTS:Less:DCCC tax (219,022) (245,249) (245,249) (244,973) 276Fd bal transfer (offsetting rcpt) (360,000) (360,000) 0 (360,000) 0Student funds (offsetting rcpt) (900,000) (900,000) (900,000) (900,000) 0FutureGrant revenue (offsetting rcpt) (139,878) (136,978) (136,978) (136,978) 0IDEA 0 0 0 0 0Budget, net of offsetting receipts 76,852,072 78,836,377 2.58% 77,610,074 81,982,797 3.99% 3,146,420

Projected students per Housing Starts 4,759 4,836 4,759 4,821Cost per student 16,149 16,302 0.95% 16,308 17,005 4.28%




Tots Fwd: BUDGET TO BUDGET INCREASE 5,739,306 2,007,632 (Tot Req'd New Rev - All Sources) 3,146,144 3,146,144 156.71% 1.336

Less Other Funding Sources Applied To District Costs: Summary Change in Revenue:

Other local revenues: projected (incr),decr: (636,047) 20,732 Local All Other 406,966 406,966 1862.98% 0.173 Offset DCCC cost increase with Bethel mill effect (12,218) (26,227) Local CC 276 276 -101.05% 0.000Fund balance carryover effect 499,068 1,081,896 Fund Bal (13,182) (13,182) -101.22% -0.006State revenues: projected (incr),decr: Subtotal - Local Sources of New Revenues 394,060 0.000 Instruct Subsidy & Accountability Grant (57,306) (124,897) (73,759) -40.94% -0.031 Sp Ed (60,680) (37,653) (382) -98.99% -0.000 Fica (107,000) (65,000) (90,000) 38.46% -0.038 Retirement (96,000) (60,000) Other Revenue Sources: (310,000) 416.67% -0.132 Rental Reimb, Transp, Health, Charter Subsidies (12,986) (32,431) State (487,061) (12,920) -60.16% -0.005Federal revenues: projected (incr),decr: (2,800) 0 Federal 0 0 0.000Total other funding sources, (incr),decr: (485,969) 756,420 Total (93,001) (93,001) -112.29% -0.039Add'l tax required after other funding sources 5,253,337 2,764,052 Add: 3,053,143 10.46% 1.296Less: funded by the value of assmnt growth (3,427,699) (1,335,036) Less: Asmnt. Base Growth (1,235,023) (1,235,023) -7.49% -0.524

+ (-) Rounding Tot Other Rev Avail Offsets to Tot Tax Rev (1,328,024)Net additional tax to be funded by mills incr ($) 1,825,638 1,429,016 Net Amt. of Tax Rev. Needed by Incr. in Mills 1,818,120 1,818,120 27.23% 0.772

Rounding (here; MilllsAdjustments Schedule) (29)Net additional tax to be funded by mills incr (mills) 0.809 0.619 Amt. & Pct. of new mill used for tax rev (a x b) 2,355,115 1,818,120 b 0.772

ASSESSMENT BASE GROWTH, REVENUE CALCULATION:

New Mill Value: 2,355,115Current Mill Value: 2,308,856Increase in Mill Value 46,259Times Current MIll Rate: 26.698Revenue From Assmnt Base Growth 1,235,023

TAX REVENUE RECONCILIATION:

Total mill rate, prior year 25.270 26.079 Tax @ Cur Mill Rate @ New Mill Val 62,876,860 26.698Rounding (978) 0.000Less: Rev from Assmnt Growth (1,235,023) -0.524Cur Yr Tax Restated in New Mills 61,640,859 26.174Add'l Taxes Reqd to be Funded 3,053,143 1.296

Mill Rate - Concord & Chester Heights 26.079 26.698 Proposd Tax Rev; Mills - Conc & C H 64,694,002 0.772 2.89% 27.4700

Community College - Additional Mills, Bethel 0.328 0.370 -0.007 -1.89% 0.363

Mill Rate: Bethel Only 26.407 27.068 0.765 2.83% 27.833District Mill Value 2,257,664 2,308,856 2,355,115 46,259 2.00%Bethel Mill Value 666,745 663,142 674,036 10,894 1.64%




Revenue & Resource Budget Summary:Local Revenues & Fd Balances Applied (Saved) Tot Mills:

Property Tax - Regular 53,201,794 58,876,807 55,531,218 61,640,859 76.59% 59,236,293 (2,404,566) 64,694,002 77.36% 3,053,143 4.95% 27.470

Property Tax - C.C. 204,749 219,022 204,544 245,249 0.30% 245,249 0 244,973 0.29% (276) -0.11%Subtotal - Property Tax 53,406,543 59,095,829 55,735,762 61,886,108 76.90% 59,481,542 (2,404,566) 64,938,975 77.66% 3,052,867 4.93% Mill Incr (#):

All Other Local Revenues 8,521,632 7,018,193 7,101,722 6,997,461 8.69% 6,713,166 (284,295) 6,590,495 7.88% (406,966) -5.82% 0.772

Subtotal - All Local Revenues 61,928,175 66,114,022 62,837,484 68,883,569 85.59% 66,194,708 (2,688,861) 71,529,470 85.54% 2,645,901 3.84%Budgeted Fund Balance Applied (Saved) 0 2,131,896 0 1,050,000 1.30% 0 (1,050,000) 1,063,182 1.27% 13,182 1.26%Interfund Transfers (9000 Function) 0 0 0 0 0.00% 0 0 0 0.00% 0 Mill Incr (%):

Subtotal - All Local Sources 61,928,175 68,245,918 62,837,484 69,933,569 86.90% 66,194,708 (3,738,861) 1 72,592,652 86.81% 2,659,083 3.80% 2.89%

State Revenues (Bdgt excludes Hmstd Tax Relief) * 9,459,576 9,207,964 10,525,377 9,527,945 11.84% 10,971,814 1,443,869 0 10,015,006 11.98% 487,061 5.11% Change, net

Federal Revenues 607,964 1,017,090 720,291 1,017,090 1.26% 1,017,090 0 0 1,017,090 1.22% 0 0.00% of reg prop tax

TOT REV. & RESOURCE BUDGET 71,995,715 78,470,972 74,083,152 80,478,604 100.00% 78,183,612 (2,294,992) 1 83,624,748 100.00% 3,146,144 3.91% 93,001

* In order to calculate the required gross millage tax rate:

This schedule's budget column excludes the hmstd tax relief, and accordingly, the estimated and

actual state revenue columns include the hmstd tax relief with related, reduced tax collections

The detail revenue supporting schedule which follows includes the homestead tax relief

in its budget column to show the net tax collection performance.

Budget Summary:770 Beginning Fund Balance 7,342,705 4,966,800 8,590,504 5,736,400 8,157,944 2,421,544 Estimated Beginning Fund Balance 7,076,800 1,340,400 23.37%

Revenues:6,000 Local 61,928,175 66,114,022 62,837,484 68,883,569 66,194,708 (2,688,861) 71,529,470 2,645,901 3.84%7,000 State 9,459,576 9,207,964 10,525,377 9,527,945 10,971,814 1,443,869 * Exclude Pa. homstead tax relief in bdgt colum 10,015,006 487,061 5.11%8,000 Federal 607,964 1,017,090 720,291 1,017,090 1,017,090 0 1,017,090 0 0.00%9,000 Other - Financing Sources/ Extern Fd Tfrs 0 0 0 0 0 0 0 0

Total Revenues 71,995,715 76,339,076 74,083,152 79,428,604 78,183,612 (1,244,992) 82,561,566 3,132,962 3.94%770 Int Tfr: Bdgtd Fund Bal Applied (Saved) 0 2,131,896 0 1,050,000 0 (1,050,000) 1,063,182 13,182 1.26%

Total Revenue & Resources Budgeted 71,995,715 78,470,972 74,083,152 80,478,604 78,183,612 (2,294,992) 83,624,748 3,146,144 3.91%Total Available Resources 79,338,420 83,437,772 82,673,656 86,215,004 86,341,556 126,552 90,701,548 4,486,544 5.20%

770 Less: Int Tfr: Bdgtd Fund Bal 0 (2,131,896) 0 (1,050,000) 0 1,050,000 (1,063,182) (13,182) 1.26%Avail Resources net of Int Tfr Bdgtd Fd Bal 79,338,420 81,305,876 82,673,656 85,165,004 86,341,556 1,176,552 89,638,366 4,473,362 5.25%

1,100 to 5,999 Expenditures (70,747,916) (78,470,972) (74,515,712) (80,478,604) (78,892,301) 1,586,303 (83,624,748) (3,146,144) 3.91%770 Ending Fund Balance 8,590,504 2,834,904 8,157,944 4,686,400 7,449,255 2,762,855 Estimated Ending Fund Balance 6,013,618 7.19% 1,327,218 28.32%

Designated 2,930,674 0 2,196,684 0 1,137,875 1,137,875 Designated 0 0.00% 0Undesignated 5,659,830 2,834,904 5,961,260 4,686,400 6,311,380 1,624,980 Undesignated 6,013,618 7.19% 1,327,218 28.32%Ending Fund Balance as % of Expenditures 12.14% 3.61% 10.95% 5.82% 9.44% 7.19%

cost center budget fy 1011

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