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2012-2013 Budget Information. 1 OUR School District…OUR Children This helps to maintain and increase property values We achieve this through a serious.

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Presentation on theme: "2012-2013 Budget Information. 1 OUR School District…OUR Children This helps to maintain and increase property values We achieve this through a serious."— Presentation transcript:

1 2012-2013 Budget Information

2 1 OUR School District…OUR Children This helps to maintain and increase property values We achieve this through a serious and balanced approach to year-round fiscal responsibility Excellent and Award-winning Educational Programs

3 2 Budget Process  At all times during the process, the goal is to maintain the highest quality of excellence in our educational program for our students as possible. Our students’ needs come first!

4 Sources of Revenue Revenue is comprised of four sources: local, state, federal and fund balance.  Local revenue sources include real estate taxes, Per Capita taxes, tuitions, earnings on investments and miscellaneous revenue.  State revenue sources include state subsidies for Basic Education Funding, Special Education, and Transportation, State Property Tax Relief, Reimbursement for Retirement payments.  Federal revenue source consists of Title I & II and ACCESS funds that have restricted uses.  Fund balance is the difference between net assets and liabilities and results when revenues are greater than expenditures. It’s often referred to as a savings account, but does not consist of only cash.

5 The Act 1 Index The Act 1 Index is a result of the Taxpayer Relief Act of 2006, which established limits on tax increases. The Index is calculated based on the percentage of increase in the State Wide Average Weekly Wage (SAWW) and the percentage increase in the national Education Cost Index (ECI). The SAWW is determined by the Department of Labor and Industry in the same manner as the Unemployment Compensation Law and it is calculated on the previous calendar year. The ECI is also based on the previous 12-month period beginning July 1 st through June 30 th using Elementary and Secondary school data reported by the Bureau of Labor and Statistics. Fiscal Year 12/13 11/12 10/11 09/10 08/09 07/08 06/07 SAWW $872 $855 $847 $825 $788 $756 $735 ECI 116 114 112 109 105 101 97 SAWW % + 2.1% 0.9% 2.7% 4.6% 4.3% 2.8% 4.2% ECI % + 1.3% 1.9% 3.0% 3.6% 4.5% 4.0% 3.5% Base Index 1.7% 1.4% 2.9% 4.1% 4.4% 3.4% 3.9%

6 Assessment – Ten Year History

7 Assessment By Type 6

8 Local Revenue 12/13 % Local SourceBudget Amountof Total Real Estate Tax 61,562,02692.8% Transfer Tax 700,0001.1% Delinquent Taxes 950,0001.4% Current Per Capita 350,0000.5% Tuition 1,576,6862.4% Earnings on Investments 120,0000.2% Rentals/Other 1,055,9731.6% 66,314,685100.0%

9 Five Year History Local Revenue AccountActual Budget DescriptionCode08/0909/1010/1111/1212/13 LOCAL SOURCES Current RE Tax611157,010,19558,177,70759,512,10860,053,57261,227,075 Interim RE Tax6112572,444473,765188,497375,000250,000 Utility RE Tax611376,04982,37785,53975,00082,000 Cur. Tax/St & Local61142,951 Cur. Per Capita612078,31181,01176,76075,000 Act 511 Taxes Flat6140322,511292,967270,939275,000 Act 511 Taxed Prop.6150801,908766,479723,316650,000700,000 Delinquent Tax6400862,0091,597,6261,424,643850,000950,000 Interest on Inv6500846,328270,808131,312120,000 Rev-Student Activ.670056,05056,63355,96150,000 Other Public Schools682130,00025,000000 Fed. IDEA Pass Thru6832585,455566,960559,180576,367560,000 Fed. ARRA IDEA6833516,293218,67200 Rentals6910113,059112,30881,097100,000 Cont./Donations692003,48015,23800 Tuition Reg.6940021,39502,150,4561,576,686 Tuition Reg. Day Sch6941036,62612,17700 Tuition Summer Sch.694237,320033,32000 Tuition/Patrons6949558,7812,579,6481,129,53300 Misc Revenue6990155,317166,752102,589350,000345,973 All Other Local Rev6999525,32364,877911,84700 Local Sources62,634,01165,895,66365,535,67965,703,34666,314,685

10 State Revenue 12/13 % State SourceBudget Amountof Total Basic Education Subsidy 2,380,00021.1% Special Education Funding 1,750,00015.5% Transportation 1,250,00011.1% Property Tax Relief 1,632,98314.5% Social Security Subsidy 1,453,65312.9% Retirement Subsidy 2,315,15520.5% Other 460,0004.0% 11,298,577100.0%

11 Five Year History State Revenue AccountActual Budget STATE SOURCES Code08/0909/1010/1111/1212/13 Basic Inst'l Subsidy71102,649,3872,379,0202,263,4672,493,7102,380,000 Charter Sch-Non Pub7140130,748126,851110,59600 Tuition/Orphans7160233,836121,257137,301100,000 Homebound Instr.72102710000 Alternative Ed723047,04400 Spec. Ed Fund72711,859,4651,883,7911,827,9961,750,000 Transp. Reg. & Add'l73101,275,4231,306,1331,232,4171,250,000 Rental & Sink Fund7320267,504176,276262,416250,000275,000 Health Serv.733088,65192,65088,72680,00085,000 Property Tax Relief73401,633,1151,633,0661,633,1511,633,0601,632,983 PA Acct. Grant7501144,370 135,38200 Dual Enroll. Grants75022,0985,6392,48300 Add'l. Grants75997,30900 SS Payments78101,289,9971,341,7341,381,367759,5951,482,046 Retirement Pay.7820808,228874,3001,044,3401,606,7972,343,548 Classrooms for Future792076,812 00 State Sources10,514,25810,085,08710,119,6429,923,16211,298,577

12 Five Year History Federal and Other Revenue AccountActual Budget FEDERAL SOURCES Code08/0909/1010/1111/1212/13 Rest, Fed /Grants851602,499000 Title I8517167,446312,841367,725175,000287,700 Title II8518130,361134,878129,066125,000105,000 Title IV 21st. Century851976678,190000 Title V853142100 ARRA - IDEA Part B8560094,061000 ARRA - Title I Part A87030320,837104,20300 ARRA - SSF8708014,352313,07200 EduJobs8709185,490 PEMA869022,07475,000200,000 ACCESS88102,884 96,57300 Federal Sources308,779887,6581,218,203375,000592,700 OTHER SOURCES Transfers93305,77766,81700 Sale of Equip9400000 Insurance Recoveries999051,19910,16510,39200 Other Sources51,19915,94277,20900 Fund Balance 1,770,822 4,636,276 2,099,139

13 Revenue Summary

14 Revenue Budget Comparison 11/1212/13 Major ObjectBudget Amount $ Incr/Decr% Incr/Decr Local 65,703,346 66,314,685 611,339 0.93% State 9,923,162 11,298,557 1,375,395 13.86% Federal 375,000 592,700 217,700 58.05% Fund Balance 4,636,276 2,099,139 -2,537,137 -54.72% Total 80,637,784 80,305,101 -332,683 -0.41%

15 14  1 millage point (mill) is equal to approximately $2.77 million  Act 1 Index is 1.7%  2011-2012 Homestead exemption $207  2012-2013 Homestead exemption $209  Average homeowner assessment is $205,173  Average homeowner tax bill in 2011-2012 $4,566  Increase in average homeowner tax bill for 2012-2013 is $74  The use of $2.1 million in fund balance Key Facts and Figures of the Revenue Budget. -- Key Points --

16 15 Unfortunately, even with the budget we have, there are cuts to the fund balance. -- Fund Balance Reductions --  2008/2009 $2.1 million  2009/2010 $2.5 million  2010/2011 $4.9 million  2011/2012 $4.6 million  2012/2013 $2.1 million

17 16 In accordance with the Pennsylvania Department of Education expenditures are categorized by objects and functions. Objects  Salaries - wages for all school district employees  Benefits - health care, tuition reimbursement, retirement and social security  Contracted Professional Services – tuition to the Intermediate Unit, legal and auditing services  Purchased Property Services - utilities, repairs and rentals.  Other Purchased Services - transportation, property insurances, advertising, tuitions and travel  Supplies- books, general supplies and natural gas.  Equipment - computers, furniture and vehicles  Other objects – interest on bonds, dues and fees  Other Uses of Funds – bond principal and fund transfers Expenditure Budget for 2012-2013

18 Expenditure Comparison by Object 11/1212/13 Major Object Budget AmountBudget Amount$ Incr/Decr%Incr/Decr Salaries 38,696,095 38,448,968 -247,127 -0.64% Employee Benefits 14,618,425 15,504,596 886,171 6.06% Contr Prof. Svc 4,937,055 4,843,478 -93,577 -1.90% Purch Property Svcs 2,437,715 2,573,022 135,307 5.55% Other Purchased Svcs5,929,472 5,487,964 -441,508-7.45% Supplies/Books 3,281,460 3,041,545 -239,915 -7.31% Property (Equipment) 698,884 539,329 -159,555-22.83% Other Objects 3,719,959 3,508,808 -211,151-5.68% Other Financing Uses 6,318,719 6,357,391 38,672 0.61% Total80,637,784 80,305,101 -332,683-0.41%

19 Expenditure Comparison by Object 18

20 19 In accordance with the Pennsylvania Department of Education expenditures are categorized by objects and functions. Functions  1000 Instruction-regular, special, vocational, alternative education programs and the Delaware County Community College  2000 Support Services-guidance, administration, student health, business, operations and maintenance, student transportation, staff and technology services  3000 Operations of Non-Instructional Services-athletics, student activities, and community services  5000 Other Expenditures and Financing Uses-debt service, fund transfers, and budgetary reserve Expenditure Budget for 2012-2013 is $80,305,101

21 Expenditure Comparison by Function 11/1212/13–$–$–%–% Expense FunctionBudget Amount Incr/Decr Instructional Programs 44,353,330 43,918,147 -435,183-0.98% Instr Support Svcs 6,506,586 6,687,546 180,9602.78% Admin 3,295,964 3,730,761 434,79713.19% Pupil Health 609,297 628,503 19,2063.15% Business Svcs 1,058,158 1,051,889 -6,269-0.59% Opn & Maint 7,526,512 7,223,204 -303,308-4.03% Transportation 4,900,550 4,780,508 -120,042-2.45% Central Support Svcs 918,140 962,688 44,5484.85% Student Activities 1,308,413 1,346,846 38,4332.94% Debt Service 8,955,350 8,985,667 30,3170.34% Other Expenses 1,205,484 989,344 -216,140-17.93% Total 80,637,784 80,305,101 -332,683-0.41%

22 Expenditure Comparison by Function

23 22 Rose Tree Media School District’s Expenditure Budget for 2012-2013

24 23 Budget FinalExpenditures 2011-2012 2012-2013 Instructional 1000 $44,353,330 $43,918,147 Support Services/ 2000 25,067,291 25,236,041 Operations Non-Instructional Services 3000 1,411,813 1,515,246 Other Financing Services 5000 9,805,350 9,635,667 Totals $80,637,784 $80,305,101 Budget Final Revenues 2011-2012 2012-2013 Local 6000 $65,703,346 $66,314,685 State 7000 9,923,162 11,298,577 Federal 8000 375,000 592,700 Sub Totals $76,001,508 $78,205,962 Fund Balance 4,636,276 2,099,139 Totals $80,637,784 $80,305,101 Summary Budget

25 24  Historic Low Health Care Rates  0% Salary Increases  Maintain Current Programs  Savings Through the Reduction of 10.7 Staff Members  Increased Efficiencies  Through Energy Programs and Projects  Increase Use of Technology  Staff Reorganization  District Wide Print Study Key Facts of the Expenditure Budget. -- Key Points --

26 25 Challenges  Sluggish Housing Market  Slow Assessment Growth  Level Funding at the State Level  Unfunded Mandates  Charter School Tuition  Alternative Education  Special Education  Future Retirement Costs Estimated Ret.EstimatedNet Expense Fiscal YrRateExpenseState SubsidyTo the DistrictVariance 8.65% 3,322,592.00 1,606,797.00 1,715,795.00xxx 2012-201312.36% 4,775,777.06 2,387,888.53 672,093.53 2013-201416.75% 6,472,027.98 3,236,013.99 848,125.46 2014-201521.25% 8,210,781.76 4,105,390.88 869,376.89 2,389,595.88

27 26 Highlights  2012-2013 Homestead exemption $209  Average homeowner assessment is $205,173  Average homeowner tax bill is $4,640  Maintain Current Programs  An Award Winning District


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