School District of Upper Dublin Preliminary Budget January 13, 2014

 Upper Dublin Timeline: ◦ January 13:  Board authorizes publication of Preliminary Budget in PDE approved format AND  Authorizes advertisement of intent to adopt Preliminary Budget on February 10 ◦ January 21: Deadline to publish Proposed Preliminary budget in PDE format ◦ January 31: Advertise Board’s intent to adopt the Preliminary budget on February 10

 Upper Dublin Timeline: ◦ February 10: Board adopts the 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 Proposed Final Budget  Authorizes the display on May 22 of Final Budget  Authorizes advertisement to adopt 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 Proposed Final Budget ◦ June 1: Deadline to advertise intent to adopt Final Budget ◦ June 11: Adoption of the 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%

6000Local Revenue$ 72,702, State Revenue13,839, Federal Revenue360,725 TOTAL REVENUE$86,903,029

Budget Budget$ Change% Change Local Revenue$69,873,003$72,702,313$2,829,3104.1% State Revenue12,776,28613,839,9911,063,7058.3% Federal Revenue384,789360,725(24,064)(6.3%) TOTAL$83,034,078$86,903,029$3,868,9514.7%

 Components of Preliminary Budget Tax Increase: ◦ Act 1 Index2.10% ◦ PSERS Exception* 1.21% ◦ Special Ed Exception 1.19%  Total4.50%

 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

1100Regular Education$ 36,637, Special Education13,091, Vocational Education520, Other Educational Programs260, Adult Education Programs36, Pupil Personnel Services3,319, Instructional Staff Services2,450, Administration Services4,048, Pupil Health Services792, Business Services762,747

2600Operations & Maintenance Services7,190, Student Transportation Services3,959, Support Services941, Other Support Services69, Student Activities1,472, Community Services331, Debt Service13,961, Fund Transfers0 5900Budgetary Reserve250,000 TOTAL EXPENDITURES$ 90,096,090

Budget Budget $ Change % Change 1100Regular Education$ 35,820,025$ 36,637,490$817,4652.3% 1200Special Education11,375,71713,091,6391,715, % 1300Vocational Education515,143520,0004,857.9% 1400 Other Educational Programs 200,744260,82960, % 1600Adult Education Programs32,04736,1654, % 2100Pupil Personnel Services3,226,5993,319,08792,4882.9% 2200Instructional Staff Services2,277,2912,450,561173,2707.6% 2300Administration Services3,526,8604,048,289521, % 2400Pupil Health Services1,020,482792,205(228,277)(22.4) 2500Business Services758,978762,7473,769.5%

Budget Budget $ Change % Change 2600 Operations & Maintenance Services $ 7,050,616$ 7,190,702$ 140,0862.0% 2700 Student Transportation Services 3,772,8363,959,916187,0805.0% 2800Support Services911,590941,11529,5253.2% 2900Other Support Services69, % 3200Student Activities1,478,5831,472,369(6,214)(0.4%) 3300Community Services310,537331,68021,1436.8% 5100Debt Service12,968,02013,961,550993,5307.7% 5200Fund Transfers0000.0% 5900Budgetary Reserve187,021250,00062, % TOTAL EXPENDITURES$ 85,502,835$ 90,096,090$4,593,2555.4%

 State budget- any significant changes?  Experience for self-funded medical insurance  The Villa  Impact of winter weather – Repairs, OT, supplies, utilities  Ongoing assessment appeals

Total Revenue$86,903,029 Total Expenditures90,096,090 Deficiency for ($3,193,061)

Projected Fund Balance, 6/30/2014$ 2,120,289 Total Revenue86,903,029 Total Expenditures90,096,090 Ending Fund Balance, 6/30/2015$ (1,072,772)