May 16, 2016 Diane J. Richards, CPA, M.Ed. Director of Finance 2016 – 2017 Proposed Final Budget

Budget Summary Total Revenue = $98,903,165 Total Expenditures = $99,903,165 Budget is fully funded--Difference of $1,000,000 is the budgetary reserve line item

Millage Budget reflects millage increase of.4 mills (1.6% increase) Act 1 allowed for the following millage increase: ◦ Index = 2.9% =.71 mill increase ◦ In December Board approved the resolution to not exceed the Act 1 index

Millage Impact to Homeowners AVERAGE 75th PERCENTILE Assessed Value of Home$138,689$162,900.4 mill annual increase$55.48$ mill monthly increase$4.62$5.43 Source: Berks County Assessment Office Homestead Properties

County Millage Comparison for

Revenue Summary Difference Real Estate Taxes 61,588,024 59,226,226 2,361,798 Other Local Revenue 13,478,580 13,235, ,756 State Revenue 22,476,249 20,925,671 1,550,578 Federal Revenue 1,157, , ,358 Other Revenue 203, ,000 14,000 TOTAL 98,903,165 94,570,675 4,332,4904.6%

Significant Changes Increase in local real estate taxes ◦ Millage of.4 = $960,000 (1 mill = $2,400,000) ◦ Assessment growth = $710,000 ◦ Higher collection rate (98.5%) = $690,000 State revenue increase is reflective of an additional $217,391 in new monies (quarter of Governor’s proposal) and state’s share of the PSERS contribution (approx. $1.2 million) $166,563 increase in Title I federal monies

Revenue

Real Estate Assessments

State Basic Ed Funding

Expenditure Summary (Objects) Difference Salaries 45,276,940 43,108,736 2,168,204 Benefits 26,333,834 23,150,376 3,183,458 Sub-Total 71,610,774 66,259,112 5,351,662 Purchased Prof Svc 1,864,116 2,218,419 (354,303) Purchased Prop Svc 3,084,966 3,538,616 (453,650) Other Purchased Svc 5,850,415 5,561, ,203 Supplies 3,756,627 3,881,326 (124,699) Property/Equipment 939, ,588 15,679 Other Objects 177, ,402 (15,586) Other Financing Uses 11,619,184 11,995,000 (375,816) Budgetary Reserve 1,000,000 - TOTAL 99,903,165 95,570,675 4,332,4904.5%

Expenditure Summary (Functions) Difference Regular Education 39,778,485 37,900,498 1,877,987 Special Education 14,820,444 13,062,279 1,758,165 Vocational Education 2,558,606 2,403, ,835 Other Instruc. Programs 349, ,116 (133,802) Nonpublic Programs 33,000 - Pupil Personnel 3,245,022 3,022, ,510 Instructional Support Svcs 5,798,591 5,078, ,480 Administration 5,296,231 5,596,217 (299,986) Pupil Health 816, ,519 59,275 Business Office 903, , Operations 7,482,327 7,283, ,088 Transportation 2,932,878 2,957,053 (24,175) Central Office 519, ,540 69,854 Other Support Svcs 206, ,720 (9,866) Student Activities 2,412,518 2,285, ,983 Community Services 129, ,585 (13,814) Transfers/Debt 11,619,184 11,995,000 (375,816) Budgetary Reserve 1,000,000 - TOTAL 99,903,165 95,570,675 4,332,4904.5%

Significant Changes Salary increase of 3.4% for all staff Medical premium increase of 8% (waiting for final number from Trust) PSERS increase from 25.84% to 30.03%

Public School Employees’ Retirement System (PSERS) Contribution Rate Total Expenditure Increase District ShareMillage Impact % 2,215, % 3,429,835 1,214, , % 4,924,986 1,495, , % 6,904,910 1,979, , % 8,545,051 1,640, , % 10,985,795 2,440,744 1,220, % 13,419,388 2,433,593 1,216, est32.04% 14,747,689 1,328, , est33.27% 15,773,261 1,025, , est34.20% 16,700, , ,

Significant Changes Cont’d New Staffing: ◦ Part-time Aide for English as a Second Language ($18,548) ◦ Part-time Support for Human Resources ($40,859)

Significant Changes Cont’d New Special Ed staffing: ◦ Autistic teacher at High School ◦ Autistic teacher at West Middle School ◦ Two autistic aides ◦ Gifted teacher at West Middle School ◦ Learning Support at Elementary level ◦ Learning Support at Middle School level ◦ Total cost = $387,428

Special Education Trends Note: Subsidy numbers above do not include Stimulus monies of $1,238,671 in and 10-11

New Positions Requested but not Granted New Positions Requested but not Granted Elementary Assistant Principal ($110,924) Human Resources support position was requested at full-time and reduced to part-time ($23,478) Additional ESL teacher

Additional Reductions Needed Virtual Driver Ed Chinese I and II Middle school library aides reduced to part- time from full-time Reductions to various departments ($23,000) Technology was able to cut $220,000 due to lease renewals (one-time only) Science was able to cut $40,000 (one-time only)