Budget Information

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

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!

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 Social Security and 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.

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. *SAWW calculation changed by Act 6 of 2011 to a 36-month from 12-month Fiscal Year *13/14 12/13 11/12 10/11 09/10 08/09 07/08 06/07 SAWW $875 $872 $855 $847 $825 $788 $756 $735 ECI SAWW % + 2.0% 2.1% 0.9% 2.7% 4.6% 4.3% 2.8% 4.2% ECI % + 1.4% 1.3% 1.9% 3.0% 3.6% 4.5% 4.0% 3.5% Base Index 1.7% 1.7% 1.4% 2.9% 4.1% 4.4% 3.4% 3.9%

Revenue Act 1 Index vs. RTMSD Increases 1.7 0%

Delaware County School District Proposed Mills Ranked by Mills - June 2012 For Mills DistrictRankIncr %Incr #12/1311/1210/11 William Penn10.00% Wallingford-Swarthmore21.98% Chichester31.50% Ridley43.29% Southeast Delco50.89% Upper Darby63.53% Interboro70.00% Garnet Valley82.35% Springfield92.70% Haverford Twp % Penn-Delco113.04% Chester Upland120.69% Rose Tree Media131.63% Radnor143.21% Marple Newtown150.00% %

Delaware County School District Proposed Mills Ranked by Percentage - June Mills DistrictRankIncr %Incr #12/1311/1210/11 Upper Darby13.53% Ridley23.29% Radnor33.21% Penn-Delco43.04% Haverford Twp.52.73% Springfield62.70% Garnet Valley72.35% Wallingford-Swarthmore81.98% Rose Tree Media91.63% Chichester101.50% Southeast Delco110.89% Chester Upland120.69% Marple Newtown130.00% Interboro140.00% William Penn150.00% %

Tax History SchoolMillageRate% YearRateChange 2004/ % 2005/ % 2006/ % 2007/ % 2008/ % 2009/ % 2010/ % 2011/ % 2012/ % 2013/ %

Assessment – Ten Year History

Revenue Budget Comparison 12/1313/14 Major ObjectBudget Amount $ Incr/Decr% Incr/Decr Local 66,314,685 67,828,429 1,513, % State 11,298,557 12,342,814 1,044, % Federal 592, ,600 43, % Fund Balance 2,099,139 1,673, , % Total 80,305,101 82,481,722 2,176, %

Revenue Summary

Local Revenue

State Revenue 13/14 % State SourceBudget Amountof Total Basic Education Subsidy 2,654, % Special Education Funding 1,820, % Transportation 1,200, % Property Tax Relief 1,633, % Social Security Subsidy 1,413, % Retirement Subsidy 3,132, % Other 488, % 12,342, %

14  1 millage point (mill) is equal to approximately $2.81 million  Act 1 Index is 1.7%  Homestead exemption $207  Homestead exemption $209  Homestead exemption $211  Average homeowner assessment is $205,173  Average homeowner tax bill in $4,717  Increase in average homeowner tax bill for is $77  The use of $1.5 million in fund balance Key Facts and Figures of the Revenue Budget. -- Key Points --

15 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

Expenditure Comparison by Function 12/1313/14–$–$–%–% Expense FunctionBudget Amount Incr/Decr Instructional Programs 43,918,147 44,625, , % Instr Support Svcs 6,687,546 7,330, , % Admin 3,730,761 4,132, , % Pupil Health 628, ,042 20, % Business Svcs 1,051,889 1,105,497 53, % Opn & Maint 7,223,202 7,236,745 13, % Transportation 4,780,508 5,030, , % Central Support Svcs 962, ,834 33, % Student Activities 1,346,846 1,418,421 71, % Debt Service 8,985,667 8,763, , % Other Expenses 989,344 1,193, , % Total 80,305,101 82,481,722 2,176, %

Expenditure Comparison by Function

Expenditure Comparison by Object 12/1313/14 Major Object Budget AmountBudget Amount$ Incr/Decr%Incr/Decr Salaries 38,448,968 37,682, , % Employee Benefits 15,504,596 18,128,181 2,623, % Contr Prof. Svc 4,843,478 4,114, , % Purch Property Svcs 2,573,022 3,115, , % Other Purchased Svcs5,487,964 5,879, , % Supplies/Books 3,041,545 3,040, % Property (Equipment) 539, , , % Other Objects 3,508,808 3,136, , % Other Financing Uses 6,357,391 6,719, , % Total80,305,101 82,481,722 2,176, %

Expenditure Comparison by Object

20 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 is $82,481,722

21 Rose Tree Media School District’s Expenditure Budget for

22  iPad initiative for Penncrest students  Reduction in staff through attrition  ADSUP II  Non-Instructional  Instructional  Maintain Current Programs  Savings through energy efficiencies Key Facts of the Expenditure Budget. -- Key Points --

23 Budget FinalExpenditures Instructional 1000 $43,918,147 $44,625,442 Support Services/ ,236,041 26,653,732 Operations Non-Instructional Services ,515,246 1,588,821 Other Financing Services ,635,667 9,613,727 Totals $80,305,101 $82,481,722 Budget Final Revenues Local 6000 $66,314,685 $67,828,429 State ,298,577 12,342,814 Federal , ,600 Sub Totals $78,205,962 $80,807,843 Fund Balance 2,099,139 1,673,879 Totals $80,305,101 $82,481,722 Summary Budget

24 Challenges  Tax Appeals  Level State Funding  Unfunded Mandates  Charter School Tuition  Alternative Education  Special Education  Future Retirement Costs  Rising Health Care Costs

25 Highlights  Homestead exemption $211  Average homeowner assessment is $205,173  Average homeowner tax bill is $4,717  Maintain Current Programs  An Award Winning District