school district of upper dublin 2014-2015 preliminary budget january 13, 2014

School District of Upper Dublin

2014-2015 Preliminary BudgetJanuary 13, 2014

Upper Dublin Timeline:◦ January 13:

Board authorizes publication of 2014-15 Preliminary Budget in PDE approved format AND

Authorizes advertisement of intent to adopt 2014-15 Preliminary Budget on February 10

◦ January 21: Deadline to publish 2014-15 Proposed Preliminary budget in PDE format

◦ January 31: Advertise Board’s intent to adopt the 2014-15 Preliminary budget on February 10

2014-2015 Budget Timeline

Upper Dublin Timeline:◦ February 10: Board adopts the 2014-15

Preliminary Budget◦ February 14: Submit Preliminary Budget

including tax information to PDE◦ February 27: Deadline to advertise intent to file

for exceptions with PDE ◦ March 6: Deadline to file for exceptions with PDE◦ March 26: Notification by PDE re: exceptions


Upper Dublin Timeline:◦ May 12-The Board:

Approves 2014-15 Proposed Final Budget Authorizes the display on May 22 of 2014-15 Final

Budget Authorizes advertisement to adopt 2014-15 Final

Budget Transfer dollars to Capital Reserve and/or Appropriate June 30, 2014 Fund Balance


Upper Dublin Timeline:◦ May 22: Deadline for public inspection of the

2014-2015 Proposed Final Budget◦ June 1: Deadline to advertise intent to adopt

2014-2015 Final Budget ◦ June 11: Adoption of the 2014-2015 Final Budget


4.5% real estate tax increase Earned Income Tax will increase 1% No increase to Basic Education funding No increase in Special Education funding Federal funds remain flat except IDEA will

be reduced 5%

Revenue Budget Assumptions

2014-2015 Preliminary Revenue Budget

6000 Local Revenue $ 72,702,313

7000 State Revenue 13,839,991

8000 Federal Revenue 360,725

TOTAL REVENUE $86,903,029


83.66%

15.93%0.42%

Local Revenue State Revenue Federal Revenue


2013-14 Budget

2014-15 Budget $ Change %

Change

Local Revenue $69,873,003 $72,702,313 $2,829,310 4.1%

State Revenue 12,776,286 13,839,991 1,063,705 8.3%

Federal Revenue

384,789 360,725 (24,064) (6.3%)

TOTAL $83,034,078

$86,903,029

$3,868,951

4.7%

Components of 2014-2015 Preliminary Budget Tax Increase:◦ Act 1 Index 2.10%◦ PSERS Exception* 1.21%◦ Special Ed Exception 1.19%

Total 4.50%


No salary increases No staffing or program changes No retirements PSERS rate increase from 16.93% to 21.4% Medical Insurance rate increase of 15.9% Rx increase rate increase of 14.75% Budgetary reserve of $250,000 Supply and utility costs stable Building budgets unchanged Includes a HUB Payment of $1,190,000

Expenditure Budget Assumptions

2014-2015 Preliminary Expenditure Budget1100 Regular Education $ 36,637,490

1200 Special Education 13,091,639

1300 Vocational Education 520,000

1400 Other Educational Programs 260,829

1600 Adult Education Programs 36,165

2100 Pupil Personnel Services 3,319,087

2200 Instructional Staff Services 2,450,561

2300 Administration Services 4,048,289

2400 Pupil Health Services 792,205

2500 Business Services 762,747

2014-2015 Preliminary Expenditure Budget (cont’d)2600 Operations & Maintenance Services 7,190,702

2700 Student Transportation Services 3,959,916

2800 Support Services 941,115

2900 Other Support Services 69,746

3200 Student Activities 1,472,369

3300 Community Services 331,680

5100 Debt Service 13,961,550

5200 Fund Transfers 0

5900 Budgetary Reserve 250,000

TOTAL EXPENDITURES $ 90,096,090

2014-2015 Preliminary Expenditure Budget by Function

41%

15%

4%

7%

8%

4%

16%

6%

Regular Education (1100) Special Education (1200)

Pupil Services (2100) Curriculum & Administration (2200 & 2300)

Operations & Maintenance (2600) Transportation (2700)

Debt Service (5100) All Other Functions

2014-2015 Preliminary Expenditure Budget by Object

46%

24%

4%

3%

4%

3%0%

7%

9%

Salaries (100) Benefits (200) Purch. Professional Services (300) Purch. Property Services (400)

Other Purch. Services (500) Supplies (600) Property (700) Other Objects (800)

Other Financing Uses (900)

2014-2015 Preliminary Expenditure Budget

2013-14 Budget


Change

1100 Regular Education $ 35,820,025

$ 36,637,490 $817,465 2.3%

1200 Special Education 11,375,717 13,091,639 1,715,922 15.0%

1300 Vocational Education 515,143 520,000 4,857 .9%

1400 Other Educational Programs 200,744 260,829 60,085 29.9%

1600 Adult Education Programs 32,047 36,165 4,118 12.9%

2100 Pupil Personnel Services 3,226,599 3,319,087 92,488 2.9%

2200 Instructional Staff Services 2,277,291 2,450,561 173,270 7.6%

2300 Administration Services 3,526,860 4,048,289 521,429 14.8%

2400 Pupil Health Services 1,020,482 792,205 (228,277) (22.4)

2500 Business Services 758,978 762,747 3,769 .5%

2014-2015 Preliminary Expenditure Budget (cont’d)

2013-14 Budget


Change

2600

Operations & Maintenance Services

$ 7,050,616

$ 7,190,702

$ 140,086 2.0%

2700

Student Transportation Services

3,772,836 3,959,916 187,080 5.0%

2800 Support Services 911,590 941,115 29,525 3.2%

2900

Other Support Services 69,746 69,746 0 0.0%

3200 Student Activities 1,478,583 1,472,369 (6,214) (0.4%)

3300 Community Services 310,537 331,680 21,143 6.8%

5100 Debt Service 12,968,020 13,961,550 993,530 7.7%

5200 Fund Transfers 0 0 0 0.0%

5900 Budgetary Reserve 187,021 250,000 62,979 33.7%

TOTAL EXPENDITURES $ 85,502,835

$ 90,096,090 $4,593,255 5.4%

State budget- any significant changes? Experience for self-funded medical

insurance The Villa Impact of winter weather – Repairs, OT,

supplies, utilities Ongoing assessment appeals

Challenges and Unknowns

2014-2015 Structural Deficit

Total Revenue $86,903,029

Total Expenditures 90,096,090

Deficiency for 2014-2015 ($3,193,061)

2014-2015 Estimated Budget

Projected Fund Balance, 6/30/2014 $ 2,120,289

Total Revenue 86,903,029

Total Expenditures 90,096,090

Ending Fund Balance, 6/30/2015 $ (1,072,772)

Questions or Comments

school district of upper dublin 2014-2015 preliminary budget january 13, 2014

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