2015-16 Final Proposed General Fund Budget Presentation
Transcript of 2015-16 Final Proposed General Fund Budget Presentation
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Susquehanna Township
School District
2015
-
2016 Final Proposed
General Fund Budget
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BUDGET TIMELINESUSQUEHANNA TOWNSHIP SCHOOL DISTRICT
PUBLIC BUDGET DEVELOPMENT TIMELINE
September 15, 2014
Review 15-16 Budget Development Timeline PDE Issuance of Act 1 Index
October 20, 2014
Finance Committee Meeting
1
st Public Budget Work Session – 15-16 Preliminary GF Budget Review: Revenues
November 17, 2014
Finance Committee Meeting
2nd
Public Budget Work Session – 15-16 Preliminary GF Budget Review: Revenues & Expenditure
December 14, 2014
Finance Committee Meeting
3
rd Public Budget Work Session – 15-16 Comprehensive Preliminary GF Budget Review: Revenues & Expenditures
Public Discussion to Either
o Approve Preliminary GF Budget seeking exceptions to raise taxes above Act 1 Index (or)
o
Adopt Resolution NOT to raise taxes above Act 1 Index
December 15, 2014 – Sterling Act Tax Credit filing deadline
December 31, 2014 – Deadline to inform residential property owner of the need to submit Homestead exclusion application to
qualify for tax reductionJanuary 12, 2015
Board Action to Either (1st Board Vote)
o Approve Resolution Authorizing Display & Advertisement of 15-16 Proposed Preliminary GF Budget seeking
exceptions to raise taxes above Act 1 Index (or)
o Adopt Resolution NOT to raise taxes above Act 1 Index
January/February 2015
If action was taken to Display & Advertise 15-16 Proposed Preliminary GF Budget seeking exceptions to raise taxes above Act 1
Index the following must occur:
Prior to Adoption of 15-16 Proposed Preliminary GF Budget
o PDE 2028 Proposed Preliminary GF Budget must be posted for Public Inspection – 20 days
o PDE 2028 Proposed Preliminary GF Budget must be Publicly Advertised – 10 days
Board Action to (2nd
Board Vote if above Act 1 Index)
o Approve Resolution Approving 15-16 Preliminary GF Budget authorizing referendum exceptions
o Advertise Notice of Intent to apply to PDE for Referendum Exceptions at least 1 week prior to submission of
application
Notice of Intent must be posted on District website at least 1 week prior to submission of ReferendumExceptions to PDE
Must file for PDE’s approval of Referendum Exceptions no later than March 5, 2015, preferably by last day in February
March 16, 2015
If Necessary – Finance Committee Meeting (and/or) 4
th Public Budget Work Session
March 1, 2015 – Residential Property Owner deadline to submit Homestead application to county
April 20 2015
If Necessary – Finance Committee Meeting (and/or) 5
th Public Budget Work Session
May 18, 2015
6th Public Budget Work Session – 15-16 Comprehensive Proposed Final GF Budget Review: Revenues & Expenditures
Board Action to(3rd Board Vote if above Index – 2nd Board Vote if below Index)
o Approve Resolution Authorizing Display & Advertisement of 15-16 Proposed Final GF Budget
o Prior to Adoption of 15-16 Proposed Final GF Budget
PDE 2028 Proposed Final GF Budget must be posted for Public Inspection – 20 days
PDE 2028 Proposed Final GF Budget must be Publicly Advertised – 10 days
June 15, 2015
Board Action to ( 4th Board Vote if above Index – 3
rd
Board Vote if below Act 1 Index)o
Approve 15-16 Final GF Budget
o Approve Annual Tax Levy & Homestead/Farmstead Exclusion Resolutions
Submit 15-16 Final GF Budget – PDE 2028 to PDE
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COST OF OPERATIONS
GENERAL FUND
2015-2016 Proposed Final Operating Budget: $47,972,923
2014-2015 Current Operating Budget: $44,826,255
$ Value of Operating Budget Increase: $3,146,668
% Value of Operating Budget Increase: 7.02%
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BALANCING THE BUDGET
GENERAL FUNDEstimated Beginning Fund Balance - 7/1/15: $14,257,762
2015-2016 Proposed Final Revenues
[Without Real Estate Tax Increase] : $45,320,829
2015-2016 Proposed Final Expenditures: $47,972,923
Deficit Before Proposed Tax Increase: $2,652,094
Proposed .4255 Mills (2.5%) Real Estate Tax Increase
[STSD Act 1 Index 1.9%] : $647,862
Operating Deficit After Proposed Tax Increase
[Funded By Fund Balance] : $2,004,232
Estimated Ending Fund Balance - 6/30/16 : $12,253,530
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MILLAGE & TAXPAYER
IMPACT
THE BOTTOM LINE2014-2015 Current Millage Rate : 17.0200
Proposed Final Millage Increase : 0.4255
2015-2016 Proposed Final Millage Rate: 17.4455
Millage % Increase : 2.50%Estimated $ Value of Mill [Post Homestead] : $1,633,678.89
2015-2016 Proposed Current Real Estate Tax Revenues
[93.20% Collection Rate] : $26,562,322
Annual Real Estate Tax Increase to Homeowner : $42.55
[$100,000 Property Assessed Value]
Monthly Real Estate Tax Increase to Homeowner
: $3.55
[$100,000 Property Assessed Value]
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WHERE DOES STSD RANK IN
MILLAGE RATES?
14.6008
17.020017.242517.922718.420018.5267
20.4500
22.1500
25.4770
27.9156
0.0000
5.0000
10.0000
15.0000
20.0000
25.0000
30.0000
MILLAGE RATE RANKING* Susquehanna Township School District has the 2nd Lowest Millage Rate of all
Dauphin County School Districts.
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WHAT DO STSD RESIDENTS
CURRENTLY PAY IN SCHOOL
REAL ESTATE TAXES?
School District
Current Real
Estate Mills
Home Value
(Assessed Value)
Annual Real Estate
Tax Bill
Annual Real Estate
Taxes Above or
(Below) STSD
Central Dauphin 14.6008 $100,000 $1,460.08 ($241.92)
Susquehanna Township 17.0200 $100,000 $1,702.00 N/A
Upper Dauphin 17.2425 $100,000 $1,724.25 $22.25
Derry Township 17.9227 $100,000 $1,792.27 $90.27
Lower Dauphin 18.4200 $100,000 $1,842.00 $140.00
Millersburg Area 18.5267 $100,000 $1,852.67 $150.67
Halifax Area 20.4500 $100,000 $2,045.00 $343.00
Middletown Area 22.1500 $100,000 $2,215.00 $513.00
Steelton-Highspire 25.4770 $100,000 $2,547.70 $845.70
Harrisburg City 27.9156 $100,000 $2,791.56 $1,089.56
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REVENUES
• How Much Revenues Will STSD Have
Available?
• What Are The Revenue Sources?
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REVENUE COMPOSITION
$35,853,804,
78%
$9,694,887,
21%
$420,000, 1%
2015-2016 Proposed FinalRevenues: $45,968,691
6000 Local Revenues
7000 State Revenues
8000 Federal Revenues
STSD LOCAL
Revenues 20%
ABOVE State
Avg. of 58%
STSD STATE
Revenues 14%
BELOW State
Avg. of 35%
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REVENUE HIGHLIGHTS
LOCAL REVENUE CHANGES$377,950 Moderate growth in real estate property assessed value.
$647,862 2.5% or .4255 mill Proposed Real Estate Tax Increase.
$699,132 Reduction in Earned Income Tax revenues.
$101,128 Reduction in Current Personal School Tax consistent with trends.
$185,000
Reduction in Delinquent Real Estate Tax revenues consistent with
most recently audited receipts.
STATE REVENUE CHANGES
$701,583
Increase in State Retirement revenues commensurate withincreased salaries and an increase the required PSERS contribution
of 4.44%.
$296,604
Increase in Basic Education Funding in accordance with the
Governor's Proposed Budget.
$44,820
Increase in Special Education Funding in accordance with the
Governor's Proposed Budget.
REVENUE CHANGES
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REVENUE CHANGES:
Preliminary To Proposed Final
Budget2015-2016 Proposed Preliminary
REVENUE Budget [January 12, 2015] $45,627,267
Revenue
Account Description Amount
7110
Basic Education Funding
[BEF] $296,604
7271
Special Education Funding
[SEF] $44,820
2015-2016 Proposed Final REVENUE
Budget [May 18, 2015] $45,968,691
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REVENUE DETAIL
REVENUE DESCRIPTION FUNCTION
2012-2013
ACTUAL
2013-2014
ACTUAL
2014-2015
BUDGET
2015-2016
PROPOSED
PRELIMINA
RY BUDGET
$ VALUE
INCREASE
% VALUE
INCREASE
LOCAL REVENUES
Current Real Estate Tax 6111 $24,505,506 $25,244,450 $25,536,510 $26,562,322 $1,025,812 4.02%
Earned Income Tax 6151 $4,192,219 $3,350,868 $4,200,000 $3,500,868 -$699,132 -19.97%
Current Personal School Tax 6152 $2,230,257 $2,137,600 $2,070,000 $1,968,872 -$101,128 -5.13%
Delinquent Real Estate Tax 6411 $1,802,016 $1,226,634 $1,700,000 $1,515,000 -$185,000 -12.21%Delinquent Personal School Tax 6420 $774,016 $730,941 $800,000 $800,000 $0 0.00%
Other Local Revenues 6000 $1,346,777 $1,541,740 $1,472,242 $1,506,742 $34,500 2.34%
TOTAL LOCAL REVENUES 6000 $34,850,791 $34,232,233 $35,778,752 $35,853,804 $75,052 0.21%
STATE REVENUES
Basic Education 7110 $3,312,493 $3,432,903 $3,432,445 $3,729,049 $296,604 8.64%
Special Education 7271 $1,327,376 $1,327,376 $1,327,376 $1,372,196 $44,820 3.38%
Transportation 7310 $745,697 $725,710 $750,000 $750,000 $0 0.00%
Social Security 7810 $727,015 $703,280 $719,100 $724,579 $5,479 0.76%
Retirement 7820 $1,214,082 $1,587,222 $1,655,904 $2,357,487 $701,583 42.37%
Other State Revenues 7000 $760,279 $715,084 $761,576 $761,576 $0 0.00%
TOTAL STATE REVENUES 7000 $8,086,942 $8,491,575 $8,646,401 $9,694,887 $1,048,486 12.13%
TOTAL FEDERAL REVENUES 8000 $677,068 $497,324 $401,100 $420,000 $18,900 4.71%
TOTAL OTHER FINANCING
REVENUES 9000 $210,906 $0 $0 $0 $0 0.00%
GRAND TOTAL REVENUES $43,825,707 $43,221,132 $44,826,253 $45,968,691 $1,142,438 2.55%
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EXPENDITURES
• How Much Will STSD Spend?
• On What Will Funds Be Expended?
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EXPENDITURE COMPOSITION
100,200 Salaries &Benefits, $32,131,970, 67%
300 Purchased
Professional & Technical
Services, $2,386,303, 5%
400
Purchased
Property
Services,
$1,281,967,
3%
500 Other
Purchased
Services,
$6,434,329,
13%
600 Supplies,
$1,611,942, 3%
700 Property/Equipment,$557,052, 1%
800,900 Debt Service &
Other Financing Uses,$3,569,360, 8%
2015-2016 PROPOSED FINAL
EXPENDITURES - $47,972,923
100,200 Salaries & Benefits
300 Purchased Professional & Technical
Services
400 Purchased Property Services
500 Other Purchased Services
600 Supplies
700 Property/Equipment
800,900 Debt Service & Other Financing
Uses
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EXPENDITURE HIGHLIGHTS
EXPENDITURE COMMODITY/SERVICE AREA CHANGES
$$843,900 - Increase in Staff Salaries for Administrative,
Professional, Support, and Custodial/Maintenance employment
contracts. No New Positions.
$995,399 - Mandated Pennsylvania Schools EmployeeRetirement System Contribution (PSERS) Increase. Rate
movement from 21.40% to 25.84%. (4.44% Increase)
$394,498 - Gross Increase in Medical Insurance Cost with Capital
Blue Cross (CBC) of 8%.
$279,996 - Anticipated Out of District Tuition Cost Increase toalign budget with trend.
$525,834 - Increase in Annual Debt Service payment due to 1
ime upward spike payment schedule. Annual Payment Remains
at $3.7 Million for the Next 10 Years.
EXPENDITURE CHANGES
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EXPENDITURE CHANGES:
Preliminary To Proposed Final
Budget
2015-2016 Proposed Preliminary
EXPENDITURE Budget [January 12, 2015]$48,264,183Expenditure Account Description Amount
1400 ummer School - New Beginnings Budget ($133,141)
1400 In-House Cyber School Budget ($40,000)
2300 Administration Budget ($10,000)
2300 Tax Operations Budget ($15,000)
2500 Business Office Budget ($4,000)
2600 Maintenance & Operations Budget ($51,850)
2800 District-Wide Technology Budget ($27,819)
3200 Athletic Budget ($24,065)
3200 Band Budget $22,600
Numerous Functions High School Building Budget ($16,049)
Numerous Functions Middle School Building Budget ($24,500)
Numerous Functions Medical Insurance Budget (Capital Blue Cross) $41,828
Numerous Functions Thomas W. Holtzman, Jr. Building Budget ($4,449)
Numerous Functions ara Lindemuth Building Budget ($4,815)
2015-2016 Proposed Final EXPENDITURE
Budget [May 18, 2015]$47,972,923
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EXPENDITURE DETAIL
–Service/Commodities
–Program
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SERVICE/COMMODITIES
EXPENDITURE
DESCRIPTION OBJECT
2012-2013
ACTUAL
2013-2014
ACTUAL
2014-2015
BUDGET
2015-2016
PROPOSED
PRELIMINARY
BUDGET
$ VALUEINCREASE/
DECREASE
% VALUE
INCREASE/
DECREASE
Salaries 100 $19,250,143 $18,954,855 $19,183,100 $20,027,000 $843,900 4.40%
Benefits 200 $7,687,870 $9,363,463 $10,676,603 $12,104,970 $1,428,367 13.38%
Purchased Professional &
Technical Services 300 $2,439,569 $3,226,763 $2,372,695 $2,386,303 $13,608 0.57%
Purchased Property
Services 400 $1,042,256 $1,141,068 $1,573,441 $1,281,967 -$291,474 22.74%
Other Purchased Services 500 $5,933,074 $6,054,144 $5,967,335 $6,434,329 $466,994 7.83%
Supplies 600 $1,424,267 $1,399,815 $1,663,376 $1,611,942 -$51,434 -3.19%
Property/Equipment 700 $461,826 $159,852 $330,994 $557,052 $226,058 68.30%
Other Objects 800 $54,672 $1,393,883 $1,633,711 $1,114,360 -$519,351 46.61%
Other Financing Uses 900 $231,805 $10,979,620 $1,425,000 $2,455,000 $1,030,000 72.28%
Fund Transfers 0 $3,545,773 $0 $0 $0 $0 0.00%
GRAND TOTAL
EXPENDITURES $42,071,255 $52,673,463 $44,826,255 $47,972,923 $3,146,668 7.02%
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PROGRAM AREA
Account Program
2012-2013
Actual
2013-2014
Actual
2014-2015
Budget
2015-2016
Proposed
Final Budget
$ VALUE
INCREASE/
(DECREASE)
% VALUE
INCREASE/
(DECREASE)
Most TO
Least Costly
Programs
1100 Regular Programs $16,896,002 $17,766,197 $18,735,935 $19,586,170 $850,235 4.54% 1
1200 Special Ed. Programs $6,393,348 $6,862,711 $6,289,443 $7,413,002 $1,123,559 17.86% 2
2600 Plant Operation & Maintenance $3,384,395 $3,637,666 $3,585,608 $3,910,953 $325,345 9.07% 3
5100 Debt Service/Other Exp. & Finances $3,748,032 $12,092,687 $2,933,937 $3,468,854 $534,917 18.23% 4
2300 Administration $2,534,423 $2,911,532 $2,967,894 $2,898,149 ($69,745) -2.40% 5
2700 Transportation $1,816,117 $2,020,316 $1,890,043 $2,042,098 $152,055 8.05% 6
1300 Vocational Ed. Programs $1,242,085 $1,392,132 $1,672,950 $1,669,106 ($3,844) -0.23% 7
2100 Pupil Services $1,146,303 $1,216,413 $1,300,834 $1,425,684 $124,850 9.60% 8
2800 Central Support Services $672,494 $729,119 $1,335,295 $1,391,218 $55,923 4.19% 9
2200 Instructional Staff Services $1,137,990 $972,048 $861,292 $973,226 $111,934 13.00% 10
3200 Student Activities $822,363 $854,025 $939,632 $909,627 ($30,005) -3.29% 11
2500 Business Services $732,354 $802,616 $852,389 $873,077 $20,688 2.43% 12
1700 Community/Junior College $519,790 $520,170 $519,790 $539,138 $19,348 3.72% 13
1400 Other Inst. Programs $622,554 $473,925 $437,747 $422,400 ($15,347) -3.63% 14
2400 Pupil Health Services $345,683 $359,869 $458,965 $405,721 ($53,244) -13.12% 15
2900 Other Support Services $40,433 $40,055 $40,000 $40,000 $0 0.00% 16
3300 Community Services $2,103 $3,260 $4,500 $4,500 $0 0.00% 17
1500 Non-Public $14,786 $18,722 $0 $0 $0 0.00% 18
Grand Total Expenditures $42,071,255 $52,673,462 $44,826,255 $47,972,923 $3,146,668 7.02%
Top 10 Most
Costly Programs
$44.77 Million or93.3% of Budget
Least Costly
Programs
$3.20 Million or6.7% of Budget
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2015-2016 Proposed Final
General Fund Budget
• Next Steps– May 18, 2015 - Approve Resolution Authorizing
Display & Advertisement of Proposed Final
General Fund Budget.• May 19, 2015 - Advertise GF Proposed Final
Budget at least 10 Days prior to Final
Adoption.
•
May 19, 2015 - Proposed Final GeneralFund Budget For Public Inspection – 20 Days
– June 15, 2015 - Adopt PDE – 2028 Final
General Fund Budget.
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Susquehanna Township
School District
• 2015-2016 Proposed Final
General Fund Budget
– Oslwen C. Anderson, Jr.
– Business Manager– 717-657-5100 Ext. 50140
mailto:[email protected]:[email protected]:[email protected]