1. Exeter Township School District General Fund Budget Review 2016-2017
11/28/2018
Exeter Township School District
General Fund Budget Review
April 19, 2016
11/28/2018

2. SUMMARY OF REVENUE, EXPENSE, AND FUND BALANCE
Exeter Township School District General Fund Budget
FINAL BUDGET
ESTIMATE
PROPOSED FINAL
Act 1 Index
W/exceptions
Real Estate Property Tax Rate
Total Revenue
$ 68,253,697
$ 68,469,458
$ 69,502,659
$ 70,822,750
$ 71,557,683
Total Expenditures
$ 69,761,759
$ 68,725,170
$ 72,640,608
Revenue less Expense
$ (1,508,062)
$ (255,712)
$ (3,137,949)
$ (1,817,858)
$ (1,082,925)
Fund Balance Components :
Commitments
$ 2,904,460
$ ,904,460
Net Assignments
$ 6,624,300
$ ,474,300
$ ,014,000
$ ,009,000
$ ,309,000
Unassigned
$ 5,415,997
$ ,354,347
$ ,676,698
$ ,001,789
$ ,436,722
$ 14,944,757
$ 16,733,107
$ 13,595,158
$ 14,915,249
$ 15,650,182
Unassigned Fund Balance as % of Total Expense
7.8%
10.7% 4%
6.9%
8.9%
11/28/2018

3. General Fund Revenue FY 2015-16
11/28/2018

4. Real Estate Property Value Assessment
11/28/2018

5. Value of a Mill = $1,334,000
11/28/2018

6. 11/28/2018

7. Basic Education Subsidy – Year to Year Increase $198,062; Ready to Learn Grant – Year to Year Increase $127,496 BEF Distribution based on new funding formula. HB 1589
11/28/2018

8. Governor’s BEF + RTL Proposal made in February, 2016 This proposed increase is not included in the FY Budget
School District
County
Proposed BEF
Proposed BEF
Dollar Increase
Percent Increase
Exeter Township SD
Berks
$9,260,511
$8,992,996
$267,515
2.97%
11/28/2018

9. General Fund Expenditures
14-15
15-16
15-17
16-17
Major Object / Description
Actual
Final Budget 6/16/2015
Budget Estimate
Profinal Budget
16-17 ProFinal vs Estimate
% change
100 - Employee Wages
$28,906,863
$29,905,482
$29,653,020
$30,401,002
$747,982 3%
200 - Employee Benefits
$16,012,047
$18,209,577
$17,836,822
$19,866,357
$2,029,535
11%
Professional & Technical Serv.
$2,319,953
$2,241,398
$2,113,671
$2,002,114
-$111,557
-5%
400 - Purchased Property Services
$1,567,720
$1,737,526
$1,698,057
$1,763,384
$65,327 4%
500 - Other Purchased Services
$4,945,157
$5,024,934
$5,073,348
$5,407,223
$333,875 7%
600 - Supplies, Books, Heat/AC, Fuel
$1,983,075
$2,227,232
$2,085,988
$2,178,859
$92,871
700 - Property
$950,338
$635,717
$618,606
$1,301,079
$682,473
110%
800 - Dues, Interest, Claims
$5,001,684
$5,047,943
$5,034,702
$5,070,355
$35,653 1%
900 - Principal Payment, Fund Transfers, Reserve
$4,201,916
$4,094,747
$3,997,953
$4,169,735
$171,782
Total Expenditures Excluding Major Maint & Improv.
$65,888,754
$69,124,556
$68,112,167
$72,160,108
$4,047,941 6%
750/760 - Major Improvements
$666,578
$637,203
$613,003
$480,500
-$162,503
-25%
Total General Fund Expenditures
$ ,555,332
$69,761,759
$68,725,170
$72,640,608
$3,885,438
11/28/2018

10. General Fund Expenditures FY 2015-2016
15-16
15-17
Major Object / Description
Final Budget 6/16/2015
Budget Estimate
Estimate to Original Budget
Comment
100 - Employee Wages
$29,905,482
$29,653,020
-$252,462
Positions Not Filled; Vacant Positions; Leaves
200 - Employee Benefits
$18,209,577
$17,836,822
-$372,755
Group Health, SS, Retirement
Professional & Technical Serv.
$2,241,398
$2,113,671
-$127,727
Reclass of Student Plcmt cost as Tuition(500)
400 - Purchased Property Services
$1,737,526
$1,698,057
-$39,469
Utilities - Natural Gas, Electric
500 - Other Purchased Services
$5,024,934
$5,073,348
$48,414
Private Placement Tuition; Reclass from IU Serv
600 - Supplies, Books, Heat/AC, Fuel
$2,227,232
$2,085,988
-$141,244
Supplies, Utilities, Books
700 - Property
$635,717
$618,606
-$17,111
Equipment Costs less than budgeted
800 - Dues, Interest, Claims
$5,047,943
$5,034,702
-$13,241
Dues, Graduation Expense less than budgeted
900 - Principal Payment, Fund Transfers, Reserve
$4,094,747
$3,997,953
-$96,794
Budget Reserve
Total Expenditures Excluding Major Maint & Improv.
$69,124,556
$68,112,167
-$1,012,389
750/760 - Major Improvements
$637,203
$613,003
-$24,200
Project Changes
Total General Fund Expenditures
$69,761,759
$68,725,170
-$1,036,589
1.5% Variance
11/28/2018

11. FY 2016-17 General Fund Expenditures
15-17
16-17
Major Object / Description
Budget Estimate
Profinal Budget
16-17 ProFinal vs Estimate
% change
Comment
100 - Employee Wages
$29,653,020
$30,401,002
$747,982 3%
Staffing Changes; Contract Increases
200 - Employee Benefits
$17,836,822
$19,866,357
$2,029,535
11%
Healthcare 8.5%; PSERS 30.03%
Professional & Technical Serv.
$2,113,671
$2,002,114
-$111,557
-5%
Legal proj to be less in 16.17; Due Process Cases
400 - Purchased Property Services
$1,698,057
$1,763,384
$65,327 4%
Chromebook Lease Payment - Junior High Roll-out
500 - Other Purchased Services
$5,073,348
$5,407,223
$333,875 7%
Increase in Charter School Tuition; Private Placement Tuition
600 - Supplies, Books, Heat/AC, Fuel
$2,085,988
$2,178,859
$92,871
Textbooks: Algebra & Geometry; Junior ELA
700 - Property
$618,606
$1,301,079
$682,473
110%
Technology Equipment Replacement; Laptops, Infrastructure Update
800 - Dues, Interest, Claims
$5,034,702
$5,070,355
$35,653 1%
Capital Lease for Laptops- Interest
900 - Principal Payment, Fund Transfers, Reserve
$3,997,953
$4,169,735
$171,782
Capital Lease for Laptops- Principal
Total Expenditures Excluding Major Maint & Improv.
$68,112,167
$72,160,108
$4,047,941 6%
750/760 - Major Improvements
$613,003
$480,500
-$162,503
-25%
Total General Fund Expenditures
$68,725,170
$72,640,608
$3,885,438
11/28/2018

12. Major Cost Drivers – FY 2016-17 Year to Year Increase
11/28/2018

13. More on Budget Changes for FY 2016-17
State Revenue Sources: Legislature is in recess until May, 2016.
Staffing Wage/Benefit Budget:
Reflects impact of four aide resignations/retirements;
Reflects impact of five teaching positions not being filled;
Outstanding Items:
Considering two additional teaching positions be filled with current staff ; depends on JH and SH schedules.
Impact of professional development leave.
Impact of two pending nurse retirements.
Impact of retirement of Instructional Support Services Supervisor.
Healthcare Premium 8.5%; Final rate of increase determined in May, 2016.
Other
Chrome Book, Teacher laptop selection; pricing; financing- April month-end.
11/28/2018

14. 11/28/2018

15. Commitments
11/28/2018

16. .
Assigned Fund Balance In terms of fund balance, "assigned" means that the amounts so designated are intended to be used by the government for a specific purpose, but there is neither an external restriction nor a formal commitment placing the restriction. Assignments represent amounts that the government "would like" to spend on a particular purpose, but if something comes up they can easily change it. Assignments can be made by the governing body or their designee (GASBS 54, ¶13). To change an assignment, it is a simple matter of removing the amount from an assigned fund balance account; no formal action or resolutions are necessary
11/28/2018

17. 11/28/2018

18. 11/28/2018

19. 11/28/2018

20. MILLAGE IMPACT 11/28/2018 2/17/2016 Berks County
Total Real Estate Residential Assessment
No. of Parcels
Average Assessment
Ave Cost per 1/10 Mill
Ave Cost per 1 Mill
ETSD Average
$ 1,099,046,000
10,178
$ ,983 $ $
Proposed Millage Increase Scenarios
Average Additional Cost Per Household
Act 1 Index
0.9688 $
With Exceptions
1.5078 $
Prior Year Tax Increases
Mills FY
31.25 FY
0.455 $ FY
0.6919
30.795 $ FY
0.1211 $ FY
0.358
29.982 $ FY
1.006
29.624 $ FY
0.834
28.618 $
11/28/2018

21. 11/28/2018