proposed final budget presentation...education funding –flat to 18‐19 budget until state budget...
TRANSCRIPT
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ProposedFinalBudgetFY2019‐2020
NewHope‐SoleburySchoolDistrict
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Offerthebestqualityeducationpossibleforourcommunity’schildrenOffer
IncreasestudentachievementandgrowthIncrease
ProvidecomprehensiveservicestostudentsProvide
AligntoclasssizeguidelinesAlign
EncourageprofessionaldevelopmentandprofessionalgrowthEncourage
DevelopcapitalplanwithfundingstrategiesDevelop
FY2019‐2020
BudgetaryGoals
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BudgetaryProcess
• Sep/Oct– BudgetDiscussionsBegin• Jan– Boardapprovedapreliminarybudgetwithataxincreaseof2.75%• Act1BaseIndex:2.30%• Act1Exceptions:0.45%
• Feb‐May– Budgetreviewswithbuilding/departmentleaders.• Enrollment/ClassSize/Staffingreviews
• May– ProposedFinalBudgetApproval• Structurallybalancedbudgetwitha2.3%taxincrease
• June– FinalBudgetApproval• Changeswouldonlyincludeupdatedinformationforunknownitems
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BudgetaryUnknowns
• FederalBudget(TitleI,II,IDEA)• PennsylvaniaStateBudget• Kindergartenenrollment• CharterSchool/MBITEnrollments• TransportationContract/Seatbelts
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ProposedFinalBudgetHighlightsBudgetaryAreas 2018‐2019 2019‐2020 Change
Expenditures 41,054,823 42,234,666 2.9%
Revenues 41,054,823 42,234,666 2.9%
UseofFundBalance 0 0
EndingUnassignedFundBalance 3,268,813 3,268,813
FundBalanceasa%ofExpenditures
7.96% 7.74%
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FY2019‐2020Revenues
RevenueComparison– Increaseof$1,179,843 TaxIncrease– 2.3%generates$700kinnewrevenue
Act1Index– 2.3% InterestIncome– Increaseof$150,000toatotalof$250,000 StateRevenue– Increaseof$193,147
EducationFunding– Flatto18‐19Budgetuntilstatebudgetisapproved RetirementandSocialSecuritySubsidyincreasesasPSERSemployerrateandsalariesincrease.
FederalRevenue– Increaseof$69,051 PrimarilyduetotheproposedusageofSchoolBasedAccessFundingforincreasesinspecialeducationneeds/costs
RevenueType2017‐2018Actual
2018‐2019Budget
2019‐2020Final Change
%ofTotalRevenue
6000Local 34,634,549 34,191,554 35,109,199 917,645 83%7000State 6,365,485 6,489,370 6,682,517 193,147 16%8000Federal 86,906 373,899 442,950 69,051 1%Total 41,086,940 41,054,823 42,234,666 1,179,843
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FY2019– 2020Expenditures
ExpenseType2017‐2018Actual
2018‐2019Budget
2019‐2020Final
Increase/(Decrease)
%ofTotalExpenses
100Salaries 17,563,773 18,367,472 18,697,472 330,000 44%200Benefits 10,601,915 11,493,861 11,900,530 406,669 28%300ProfessionalServices 1,955,245 2,388,796 2,660,418 271,622 6%400PropertyServices 302,106 392,525 411,272 18,747 1%500OtherPurchasedSvcs 3,009,914 3,159,875 3,056,933 (102,942) 7%600Supplies&Books 1,519,813 1,542,595 1,732,431 189,836 4%700Equipment 144,993 429,075 472,368 43,293 1%800Interest,Fees&Dues 1,077,759 1,144,124 1,121,742 (22,382) 3%900Principal&Transfers 2,790,000 2,136,500 2,181,500 45,000 5%Total 38,965,518 41,054,823 42,234,666 1,179,843
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NewHope‐Solebury MillageHistoryFiscalYear TaxRate Change AverageTax
BillAverageIncrease
%Increase Act1Index
2011/2012 83.30 1.15 4,503 62 1.39% 1.40%
2012/2013 84.72 1.42 4,579 76 1.70% 1.70%
2013/2014 86.16 1.44 4,657 78 1.70% 1.70%
2014/2015 87.96 1.81 4,755 98 2.10% 2.10%
2015/2016 89.64 1.67 4,845 90 1.90% 1.90%
2016/2017 93.94 4.30 5,078 232 4.80% 2.40%
2017/2018 97.69 3.76 5,279 201 4.00% 2.50%
2018/2019 100.04 2.34 5,420 141 2.40% 2.40%
2019/2020 102.3418 2.30 5,542 122 2.30% 2.30%
MedianAssessedValue:54,155
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• FY2011‐2012toFY2015‐2016• Totalexpenditureincreaseof20%or4%peryear
• TaxRateincreaseof8.8%or1.76%peryear
• FY2016‐2017toFY2018‐2019• Totalexpenditureincreaseof2.9%or1%peryear
• FY2019‐2020• Totalexpenditureincreaseof2.9%
BudgetHistory
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FY2019‐2020PreliminaryvsProposedFinalBudgetSummaryofChanges– SalaryandBenefits
ExpenditureReduction/(Increase)
Amount Description
Salary 50,000 Maintains currentstaffinglevelsdistrictwideotherthana.5FTEreductioninHSScience.Includesallcontractedsalaryincreases.
Medical Benefits 20,000 Preliminary Projectionsof7%increaseandfinalwas5%,alsoincludesopenenrollmentchanges
DentalBenefits 13,000 PreliminaryProjectionsof10%andfinalwas4%.
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FY2019‐2020PreliminaryvsProposedFinalBudgetSummaryofChanges– OtherFunctions
ExpenditureReduction/(Increase)
Amount Description
SpecialEducation – Tuition (272,000) Increase forstudentprogrammingneeds
MBITEnrollment 55,000 MBITFinalBudgetbased on18.25ADMandcurrentprojectionis12‐15.
Charter SchoolEnrollment 24,000 Reductionof1CharterSchoolStudent
PropertyInsurance/Legal 30,000 PropertyInsurance estimatesfromcampusrevitalizationwerereduced.Legalwasreducedbasedonprior3yearaverages.
Building/DepartmentBudgets 55,000 Reductionsfromreviews fromJanuary– May.Noimpactstoprogramsorservices.
CapitalImprovement Plan (87,000) Currentbudgetappropriates $330,000forcapitalimprovements.Thegoalistomovethislineitemto1‐2%oftheoverallexpenditurebudget($400k‐ $800k)
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FY2019‐2020ProposedFinalBudgetBudgetaryPlaceholders/OpenItems
ExpenditureReduction/(Increase)
Amount Description
Staffing– EnrollmentPlaceholder
$93,000 Kindergarten enrollmentiscurrentlyatxx.IfenrollmentreachesxxtherecommendationwouldbetoaddaLTSteacher.
Staffing– EDRBudgettoActualTrend
$91,000 NHSEA contractidentifiesEDR’sandassociatedstipends.ThebudgetincludesallEDRstipendsandthisistheaverageamountunderbudgetperyear.
CharterSchoolTuition $46,000 Thisamountrepresents charterschooltuitionforeither2regularedstudentsor1specialed student.
SpecialEducationContingency
$150,000 Forunknown specialeducationcoststhatmayarisethroughouttheyearincludingnewstudents.Revenueoffsetforthisitem.
Safety &Security $100,000 Specific considerationswillbeidentifiedinsafetyauditcompletedinApril2019.
CapitalReserve/Projects $330,000 Goalistoincreasethisto1‐2%ofexpenditurebudget.BudgetaryReserve $150,000 Fortruly unknownitemsthatcan’tbeplannedfor.
*The total expenditure budget cannot be increased/decreased after approval. Therefore it is essential to prepare for budgetary unknowns that could have substantial impacts.
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33,000,000
35,000,000
37,000,000
39,000,000
41,000,000
43,000,000
45,000,000
47,000,000
12‐13 13‐14 14‐15 15‐16 16‐17 17‐18 18‐19 19‐20 20‐21 21‐22 22‐23
Expense to Revenue Gap Continues to Close
Expense Revenue: 2% Projection Revenue: IFO Act 1
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‐
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund Balance Projections
Fund Balance: 2% Projection Fund Balance: IFO Projection
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Summary
• FinancialPositionofthedistrictisstable.• RecommendingapprovalofthisProposedFinalBudgettobeputonpublicdisplay• TaxincreaseattheAct1Index– 2.3%
• Finalbudgetwillincludeupdatesifanynewinformationbecomesavailable.
• Thispresentationonlyincludesthebudgethighlights• Supplementaldataandreportsareincludedinthebudgetpacket• IncludingformPDE‐2028whichistheofficialbudgetdocumentsubmittedtoPDE
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Timeline
• May 23 –Proposed Final Budget Approval• Authorize Proposed Final Budget Advertising and Public Inspection
• May 24 – Advertise and make budget available for public inspection
• June 24 – Final Budget Adoption Resolution• Real Estate Tax Resolution• Homestead/Farmstead Exclusion Resolution
• Installment Payment of Real Estate Tax Resolution
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CapitalReserveFundBudget
• 2018‐2019ProcessbeganforfundingaCapitalReserveFund• Purposeofthefundistosetfundingasidefortheimmediateandlongertermneedsformaintenanceandupkeepofdistrictfacilities.
• 2018completedafacilityconditionassessmentthatidentified650+projectsatatotalestimatedcostof$37Moverthenext20years.
• Currentfundingavailableinthefundis$2.9M• Estimatedthatanadditional$2MwillbeavailabletotransferintothefundinNovember2019.
• AdditionallytheGeneralFundhasacommittedfundbalanceof$1,760,000.
• Completedthelistofimmediateprojectsfor2019‐2020andthisbudgetreflectsthoseneeds.• Athleticfacilityreviewisstillbeingcompleted• Thisbudgetmayneedtobeupdatedoncethatiscomplete.
• CapitalReserveFunddoesnotrequirethesamelevelofbudgetauthorizationasGeneralFund.• Bestpracticeistocompleteanannualbudgetforthisfundforanagreedtospendingplan.
• A5yearplanisstillbeingreviewedandwillbemadeavailablewhencomplete.
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District Facility / Location Project Description Amount
Construction Project Close Out Campus Revitalization Project Budget Overruns $200,000
District Wide Campus Signage including ADA Parking $25,000
UES Replace Backflow Prevention – 2 Units $10,000
UES Install Gutters and Downspouts $4,000
MS Replace Library Carpet $80,000
HS Replace 2 Boilers (removed from renovation project) $500,000
HS Replace VCT Flooring – 2nd floor (removed from project) $20,000
HS Asbestos Abatement – VCT flooring removal $30,000
HS Repair and Repoint Brickwork $5,000
Athletic Resurface Track $205,000
Athletic Replace Tennis Courts $700,000
Total Projects $1,779,000
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QUESTIONS?