2015-16 Final Proposed General Fund Budget Presentation

8/9/2019 2015-16 Final Proposed General Fund Budget Presentation

1/21

Susquehanna Township

School District

2015

-

2016 Final Proposed

General Fund Budget


2/21

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


2nd

Public Budget Work Session – 15-16 Preliminary GF Budget Review: Revenues & Expenditure

December 14, 2014


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


3/21

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%


4/21

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


5/21

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]


6/21

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.


7/21

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


8/21

REVENUES

• How Much Revenues Will STSD Have

Available?

• What Are The Revenue Sources?


9/21

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%


10/21

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


11/21

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


12/21

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%


13/21

EXPENDITURES

• How Much Will STSD Spend?

• On What Will Funds Be Expended?


14/21

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


15/21

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


16/21

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


17/21

EXPENDITURE DETAIL

–Service/Commodities

–Program


18/21

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%


19/21

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


20/21

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.


21/21

Susquehanna Township

School District

• 2015-2016 Proposed Final

General Fund Budget

– Oslwen C. Anderson, Jr.

– Business Manager– 717-657-5100 Ext. 50140

– [email protected]
mailto:[email protected]:[email protected]:[email protected]

2015-16 Final Proposed General Fund Budget Presentation

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Transcript of 2015-16 Final Proposed General Fund Budget Presentation