1. Consideration to Post the 2017-18 Proposed Final Budget
Central Bucks School District
Consideration to Post the Proposed Final Budget
April 25, 2017
Introduction:
Thanks to the Board and administrative team for the many-many hours spent working on this budget and the effort that went into this budget. Remember we started the budget process with a 50 mill deficit,
4/25/2017
Proposed Final Budget

2. 2017-04-25 Proposed Final Budget
Budget Components
Revenue Review
Expenditure Review
Millage Impact
Budget Summary
Tonight we will take a look at the major issues impacting the General Fund budget and review major changes to revenues and expenditures.
4/25/2017
Proposed Final Budget

3. 2017-04-25 Proposed Final Budget
Revenues
4/25/2017
Proposed Final Budget

4. 2017-04-25 Proposed Final Budget
State Subsidy Update
4/25/2017
Proposed Final Budget

5. 2017-04-25 Proposed Final Budget
CBSD Major State and Federal Revenue Estimates
4/25/2017
Proposed Final Budget

6. 2017-04-25 Proposed Final Budget
Local Revenues
4/25/2017
Proposed Final Budget

7. 2017-04-25 Proposed Final Budget
Real Estate Transfer Tax Trend Indicator of Home Sales Within the School District
4/25/2017
Proposed Final Budget

8. 2017-04-25 Proposed Final Budget
Interim Real Estate Tax Trend Indicator of Real Estate Construction Growth Within the School District
4/25/2017
Proposed Final Budget

9. 2017-04-25 Proposed Final Budget
Earned Income Tax Trend Tax on Local Wage Earners. Indicator of Wage Growth and Employment Growth.
4/25/2017
Proposed Final Budget

10. 2017-04-25 Proposed Final Budget
Real Estate Assessed Value Trend Shows the general change in real estate value within a community
This chart is an attempt to show what is happening across the district with real estate development. It shows the value that new construction adds.
Looking at the past 10 years you can see that the growth in the assessed value of real estate in recent years is nowhere near the growth that was seen from the 90’s to The assessed values are not providing the natural real estate tax revenue growth that we have seen in the past which then places more pressure on real estate millage.
During the slow growth period is when we needed to start our major construction projects.
4/25/2017
Proposed Final Budget

11. Local Sources of Revenue for CBSD
12/2/2018
4/25/2017
Proposed Final Budget

12. State Sources of Revenue for CBSD
12/2/2018
4/25/2017
Proposed Final Budget

13. Historical State Revenue for CBSD
12/2/2018
* Does not include retirement, FICA, gambling rebate, and one-time debt reimbursement
4/25/2017
Proposed Final Budget

14. Federal and Other Sources of Revenue for CBSD
12/2/2018
4/25/2017
Proposed Final Budget

15. 2017-04-25 Proposed Final Budget
Expenses
4/25/2017
Proposed Final Budget

16. 2017-04-25 Proposed Final Budget
CBSD Enrollment
Enrollment is Expected to Continue to Decline Over the Next Several Years
We currently have 20,026 students in our schools. We don’t see a downward trend in enrollment anytime in the foreseeable future. Looking at PDE enrollment projections through 2012 shows CB enrollment exceeding 24,000. Enrollment projections don’t go past 2012.
Its interesting to see that our student enrollment has more than doubled over the past 20 years.
I think its interesting to note that through 2006 that PDE projects the enrollment of students in bucks county as a whole to increase by 1,620 students and by 2012 the county will experience a net loss of 1,100 students. Obviously some districts in the county will be losing enrollment as CB continues to gain in enrollment.
Proposed Final Budget
4/25/2017

17. Projected Staffing for 2017-18
4/25/2017
Proposed Final Budget

18. 2017-04-25 Proposed Final Budget
Expense Summary
4/25/2017
Proposed Final Budget

19. Revenue and Expense Summary
4/25/2017
Proposed Final Budget

20. 2017-04-25 Proposed Final Budget
Millage Impact
4/25/2017
Proposed Final Budget

21. 2017-04-25 Proposed Final Budget
Millage Calculation
There is no Proposed Millage Increase
The Act 1 Real Estate Tax Increase Limit = Base Inflation Index of 2.5% % Retirement Exception = 3.5% or Mills
The Proposed Millage Rate is mills = 0% Increase
For the Typical Homeowner 40,000
= 40,000 x mills = $4,964 = no increase
Explain chart
When you get to Act 72 millage limit, remind them that districts in NJ, Oh, and Del stop at that point under referendum because that want to have something banked for lean years.
4/25/2017
Proposed Final Budget

22. Act 1 Tax Index + Exceptions
4/25/2017
Proposed Final Budget

23. 2017-04-25 Proposed Final Budget
General Trends
Debt Payments are Declining - Reduces Budget Pressure
General Inflation is Low - Reduces Budget Pressure
Improving Energy Efficiency/Costs - Reduces Budget Pressure
State Revenues Equal to Pre-Recession Levels
Health Insurance Expenses, increasing 10.75%
Retirement Expenses will Increase by 8.5%
Federal Title 2 funding cut by $280,000
May need to use Fund Balance of $1,390,519 in
4/25/2017
Proposed Final Budget

24. 2017-04-25 Proposed Final Budget
Summary
Local Real Estate Assessed Values are on the Rise
Unemployment Continues to Decline
Retirement Expenses Continue to be a Stress Point for the Budget
The District is Committed to Continuous Improvement
Technology – iPad, Laptop, and Wireless Initiative
Expand Extra Duty Responsibilities (EDR’s) – MS Sports and Clubs
Meeting the Needs of our Special Education Students
Expanding the Middle School Curriculum
4/25/2017
Proposed Final Budget

25. 2017-04-25 Proposed Final Budget
Next Steps…
Board of School Directors
Consideration to Publicly Post the Proposed Final Budget of $331,862,458
The State Budget Form will be posted on our website over the next several days
Consider Final Budget Adoption on June 14th
Superintendent & Cabinet
Develop Recommendations to Effectively Implement Program Initiatives
4/25/2017
Proposed Final Budget