2012-2013 Budget Information. 1 OUR School District…OUR Children This helps to maintain and...
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Transcript of 2012-2013 Budget Information. 1 OUR School District…OUR Children This helps to maintain and...
2012-2013 Budget Information
2
OUR School District…OUR Children
This helps tomaintain and
increase property values
We achieve this through
a serious and balanced approach
to year-roundfiscal
responsibility
Excellent andAward-winning
EducationalPrograms
3
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 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 1st through June 30th using Elementary
and Secondary school data reported by the Bureau of Labor and Statistics.
Fiscal Year 12/13 11/12 10/11 09/10 08/09 07/08 06/07 SAWW $872 $855 $847 $825 $788 $756 $735ECI 116 114 112 109 105 101 97SAWW % + 2.1% 0.9% 2.7% 4.6% 4.3% 2.8% 4.2%ECI % + 1.3% 1.9% 3.0% 3.6% 4.5% 4.0% 3.5% Base Index 1.7% 1.4% 2.9% 4.1% 4.4% 3.4% 3.9%
Assessment – Ten Year History
03/04
04/05
05/06
06/07
07/08
08/09
09/10
10/11
11/1
212/1
32,600,000,000
2,650,000,000
2,700,000,000
2,750,000,000
2,800,000,000
2,850,000,000
2,900,000,000
2,950,000,000
3,000,000,000
Taxable Assessed Value
Assessment By Type
7
Residential66.0%
Commercial17.5%
Exempt14.9%
Farm0.0%
Industrial0.2%
Ground1.2%
Public Utility0.1%
ROSE TREE MEDIA SCHOOL DISTRICTAssessment by Property Type As of 1/1/11
Local Revenue
12/13 %
Local Source Budget Amount of Total
Real Estate Tax 61,562,026 92.8%
Transfer Tax 700,000 1.1%
Delinquent Taxes 950,000 1.4%
Current Per Capita 350,000 0.5%
Tuition 1,576,686 2.4%
Earnings on Investments 120,000 0.2%
Rentals/Other 1,055,973 1.6%
66,314,685 100.0%
Five Year History
Local Revenue
Account Actual Actual Actual Budget BudgetDescription Code 08/09 09/10 10/11 11/12 12/13LOCAL SOURCESCurrent RE Tax 6111 57,010,195 58,177,707 59,512,108 60,053,572 61,227,075Interim RE Tax 6112 572,444 473,765 188,497 375,000 250,000Utility RE Tax 6113 76,049 82,377 85,539 75,000 82,000
Cur. Tax/St & Local 6114 2,951 2,951 2,951 2,951 2,951Cur. Per Capita 6120 78,311 81,011 76,760 75,000 75,000Act 511 Taxes Flat 6140 322,511 292,967 270,939 275,000 275,000Act 511 Taxed Prop. 6150 801,908 766,479 723,316 650,000 700,000Delinquent Tax 6400 862,009 1,597,626 1,424,643 850,000 950,000Interest on Inv 6500 846,328 270,808 131,312 120,000 120,000Rev-Student Activ. 6700 56,050 56,633 55,961 50,000 50,000Other Public Schools 6821 30,000 25,000 0 0 0Fed. IDEA Pass Thru 6832 585,455 566,960 559,180 576,367 560,000Fed. ARRA IDEA 6833 516,293 218,672 0 0Rentals 6910 113,059 112,308 81,097 100,000 100,000Cont./Donations 6920 0 3,480 15,238 0 0Tuition Reg. 6940 0 21,395 0 2,150,456 1,576,686Tuition Reg. Day Sch 6941 0 36,626 12,177 0 0Tuition Summer Sch. 6942 37,320 0 33,320 0 0Tuition/Patrons 6949 558,781 2,579,648 1,129,533 0 0Misc Revenue 6990 155,317 166,752 102,589 350,000 345,973All Other Local Rev 6999 525,323 64,877 911,847 0 0Local Sources 62,634,011 65,895,663 65,535,679 65,703,346 66,314,685
State Revenue
12/13 %
State Source Budget Amount of Total
Basic Education Subsidy 2,380,000 21.1%
Special Education Funding 1,750,000 15.5%
Transportation 1,250,000 11.1%
Property Tax Relief 1,632,983 14.5%
Social Security Subsidy 1,453,653 12.9%
Retirement Subsidy 2,315,155 20.5%
Other 460,000 4.0%
11,298,577 100.0%
Five Year History
State Revenue
Account Actual Actual Actual Budget Budget
STATE SOURCES Code 08/09 09/10 10/11 11/12 12/13
Basic Inst'l Subsidy 7110 2,649,387 2,379,020 2,263,467 2,493,710 2,380,000
Charter Sch-Non Pub 7140 130,748 126,851 110,596 0 0
Tuition/Orphans 7160 233,836 121,257 137,301 100,000 100,000
Homebound Instr. 7210 271 0 0 0 0
Alternative Ed 7230 47,044 0 0
Spec. Ed Fund 7271 1,859,465 1,883,791 1,827,996 1,750,000 1,750,000
Transp. Reg. & Add'l 7310 1,275,423 1,306,133 1,232,417 1,250,000 1,250,000
Rental & Sink Fund 7320 267,504 176,276 262,416 250,000 275,000
Health Serv. 7330 88,651 92,650 88,726 80,000 85,000
Property Tax Relief 7340 1,633,115 1,633,066 1,633,151 1,633,060 1,632,983
PA Acct. Grant 7501 144,370 144,370 135,382 0 0
Dual Enroll. Grants 7502 2,098 5,639 2,483 0 0
Add'l. Grants 7599 7,309 0 0
SS Payments 7810 1,289,997 1,341,734 1,381,367 759,595 1,482,046
Retirement Pay. 7820 808,228 874,300 1,044,340 1,606,797 2,343,548
Classrooms for Future 7920 76,812 0 0
State Sources 10,514,258 10,085,087 10,119,642 9,923,162 11,298,577
Five Year History
Federal and Other Revenue
Account Actual Actual Actual Budget Budget
FEDERAL SOURCES Code 08/09 09/10 10/11 11/12 12/13Rest, Fed /Grants 8516 0 2,499 0 0 0Title I 8517 167,446 312,841 367,725 175,000 287,700Title II 8518 130,361 134,878 129,066 125,000 105,000Title IV 21st. Century 8519 7667 8,190 0 0 0Title V 8531 421 0 0ARRA - IDEA Part B 8560 0 94,061 0 0 0ARRA - Title I Part A 8703 0 320,837 104,203 0 0ARRA - SSF 8708 0 14,352 313,072 0 0EduJobs 8709 185,490PEMA 8690 22,074 75,000 200,000ACCESS 8810 2,884 96,573 0 0Federal Sources 308,779 887,658 1,218,203 375,000 592,700
OTHER SOURCESTransfers 9330 5,777 66,817 0 0Sale of Equip 9400 0 0 0Insurance Recoveries 9990 51,199 10,165 10,392 0 0Other Sources 51,199 15,942 77,209 0 0
Fund Balance 1,770,822 4,636,276 2,099,139
Revenue Summary
Local84.8%
State14.4%
Federal0.8%
ROSE TREE MEDIA SCHOOL DISTRICT12/13 REVENUE BUDGET BY OBJECT
Revenue Budget Comparison
11/12 12/13
Major Object Budget Amount Budget Amount $ Incr/Decr % Incr/Decr
Local 65,703,346 66,314,685 611,339 0.93%
State 9,923,162 11,298,557 1,375,395 13.86%
Federal 375,000 592,700 217,700 58.05%
Fund Balance 4,636,276 2,099,139 -2,537,137 -54.72%
Total 80,637,784 80,305,101 -332,683 -0.41%
15
1 millage point (mill) is equal to approximately $2.77 million Act 1 Index is 1.7% 2011-2012 Homestead exemption $207 2012-2013 Homestead exemption $209 Average homeowner assessment is $205,173 Average homeowner tax bill in 2011-2012 $4,566 Increase in average homeowner tax bill for 2012-2013 is $74 The use of $2.1 million in fund balance
Key Facts and Figures of the Revenue Budget.
-- Key Points --
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Unfortunately, even with the budget we have, there are cuts to the fund balance.
-- Fund Balance Reductions --
2008/2009
$2.1 million 2009/2010
$2.5 million 2010/2011
$4.9 million 2011/2012
$4.6 million 2012/2013
$2.1 million
17
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 2012-2013
Expenditure Comparison by Object
11/12 12/13
Major Object BudgetAmount Budget Amount $ Incr/Decr %Incr/Decr
Salaries 38,696,095 38,448,968 -247,127 -0.64%
Employee Benefits 14,618,425 15,504,596 886,171 6.06%
Contr Prof. Svc 4,937,055 4,843,478 -93,577 -1.90%
Purch Property Svcs 2,437,715 2,573,022 135,307 5.55%
Other Purchased Svcs 5,929,472 5,487,964 -441,508 -7.45%
Supplies/Books 3,281,460 3,041,545 -239,915 -7.31%
Property (Equipment) 698,884 539,329 -159,555 -22.83%
Other Objects 3,719,959 3,508,808 -211,151 -5.68%
Other Financing Uses 6,318,719 6,357,391 38,672 0.61%
Total 80,637,784 80,305,101 -332,683 -0.41%
Expenditure Comparison by Object
19
Salaries47.9%
Benefits19.3%
Purchased Prof. & Technical Services
6.0%
Purchased Property Services3.2%
Other Purchased Services6.8%
Supplies3.8%
Property0.7%
Other Objects4.4%
Other Uses of Funds7.9%
ROSE TREE MEDIA SCHOOL DISTRICT12/13 BUDGET EXPENSES 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 2012-2013 is $80,305,101
Expenditure Comparison by Function
11/12 12/13 – $ – %
Expense Function Budget Amount Budget Amount Incr/Decr Incr/Decr
Instructional Programs 44,353,330 43,918,147 -435,183 -0.98%
Instr Support Svcs 6,506,586 6,687,546 180,960 2.78%
Admin 3,295,964 3,730,761 434,797 13.19%
Pupil Health 609,297 628,503 19,206 3.15%
Business Svcs 1,058,158 1,051,889 -6,269 -0.59%
Opn & Maint 7,526,512 7,223,204 -303,308 -4.03%
Transportation 4,900,550 4,780,508 -120,042 -2.45%
Central Support Svcs 918,140 962,688 44,548 4.85%
Student Activities 1,308,413 1,346,846 38,433 2.94%
Debt Service 8,955,350 8,985,667 30,317 0.34%
Other Expenses 1,205,484 989,344 -216,140 -17.93%
Total 80,637,784 80,305,101 -332,683 -0.41%
Expenditure Comparison by Function
Instructional Pgm54.7%
Instr Support Svcs8.3%
Admin4.6%
Pupil Health0.8%
Business Svcs1.3%
Opn & Maint9.0%
Transportation6.0%
Central Support Svcs1.2%
Student Activities1.7%
Debt Service11.2%
Other Expenses1.2%
ROSE TREE MEDIA SCHOOL DISTRICT12/13 BUDGET EXPENSES BY FUNCTION
23
Rose Tree Media School District’s Expenditure Budget for 2012-2013
2012-2013 Expenditures
24
Budget Final Expenditures 2011-2012 2012-2013
Instructional 1000 $44,353,330 $43,918,147
Support Services/ 2000 25,067,291 25,236,041
Operations
Non-Instructional Services 3000 1,411,813 1,515,246
Other Financing Services 5000 9,805,350 9,635,667
Totals $80,637,784 $80,305,101
Budget Final Revenues 2011-2012 2012-2013
Local 6000 $65,703,346 $66,314,685 State 7000 9,923,162 11,298,577
Federal 8000 375,000 592,700
Sub Totals $76,001,508 $78,205,962
Fund Balance 4,636,276 2,099,139
Totals $80,637,784 $80,305,101
Summary Budget
25
Historic Low Health Care Rates 0% Salary Increases Maintain Current Programs Savings Through the Reduction of 10.7 Staff Members Increased Efficiencies
Through Energy Programs and Projects Increase Use of Technology Staff Reorganization District Wide Print Study
Key Facts of the Expenditure Budget.
-- Key Points --
26
Challenges
Sluggish Housing Market
Slow Assessment Growth
Level Funding at the State Level
Unfunded Mandates Charter School Tuition Alternative Education Special Education
Future Retirement CostsEstimated Ret. Estimated Net ExpenseFiscal Yr Rate Expense State Subsidy To the District Variance
8.65% 3,322,592.00 1,606,797.00 1,715,795.00 xxx2012-2013 12.36% 4,775,777.06 2,387,888.53 2,387,888.53 672,093.53 2013-2014 16.75% 6,472,027.98 3,236,013.99 3,236,013.99 848,125.46 2014-2015 21.25% 8,210,781.76 4,105,390.88 4,105,390.88 869,376.89
2,389,595.88
27
Highlights
2012-2013 Homestead exemption $209
Average homeowner assessment is $205,173 Average homeowner tax bill is $4,640
Maintain Current Programs
An Award Winning District