NESHAMINY SCHOOL DISTRICT Neshaminy Board of FINAL 2018 … · NESHAMINY SCHOOL DISTRICT FINAL...
Transcript of NESHAMINY SCHOOL DISTRICT Neshaminy Board of FINAL 2018 … · NESHAMINY SCHOOL DISTRICT FINAL...
NESHAMINY SCHOOL DISTRICTFINAL 2018-19 BUDGET
Neshaminy Board of
School Directors
June 19, 2018
BUDGET CALENDAR 2018-19January 2018
Proposed Preliminary Budget “First Look”, January 16 [Business Operations Committee]
Proposed Preliminary Budget Adoption, January 23
February 2018
Preliminary Budget Adoption, February 13
April 2018 Budget progress review, April 3 [Business Operations Committee]
May2018 Proposed Final Budget Review, May 9 [Business Operations Committee]
Proposed Final Budget Adoption, May 22
June 2018
Additional Budget Review Opportunity, June 11 [Business Operations Committee]
Final Budget Adoption, June 19
BUDGET ASSUMPTIONS - HIGHLIGHTS
• PSERS rate 33.43% [0.86 rate increase]
• Act 1 Index allows for a maximum real estate tax increase of 2.4% or approximately $2,880,805 [not included in the Preliminary Budget]
• Originally State Basic and Special Ed subsidies were assumed to remain flat [In actuality, these increased a total of $82,859 based on the State’s budget.]
SIGNIFICANT COST CATEGORIES
• Salaries
• Pension
• Health Care
• Charter Schools
• Special Education
• Transportation
• Debt Service
PENSION (PSERS) IS A COST DRIVER
0.00
5,000,000.00
10,000,000.00
15,000,000.00
20,000,000.00
25,000,000.00
30,000,000.00
Pension Health Care(med/script)
Charter Schools Special Education Transportation Debt Service
Cost Drivers
Actual 2013-2014 Actual 2014-2015 Actual 2015-2016 Actual 2016-2017 Adjusted Budget 2017-2018 Budget 2018-2019
PENSION – HISTORY AND FUTURE
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
Pension
PSERS IMPACT
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
Total Salaries (PSERS eligible) 71,729,455$ 73,291,212$ 73,966,443$ 74,553,693$ 78,140,448$ 79,751,509$
Percent Contribution 16.93% 21.40% 25.84% 30.03% 32.57% 33.43%
Retirement Expense 12,143,797 15,684,319 19,112,929 22,388,474 25,450,344 26,660,929
$ increase 3,540,522$ 3,428,610$ 3,275,545$ 3,061,870$ 1,210,586$
Notes:
1. 2017-18 and 2018-19 are budgeted salaries
3. PSERS eligible salaries are approximately 99% of the total salaries
4. Percent contribution based on rates released by PSERS on December 9, 2017 - subject to change
PSERS (actual) PSERS (Budget)
CLOSING THE GAP: PROPOSED PRELIMINARY FINAL
Original Gap (approved preliminary budget) (8,132,015.00)$
Various Phases of Cuts/Adjustments 2,981,677.00$
New Gap (5,150,338.00)$
Act 1 Tax Increase 2.4% (3.7 mills) 2,880,805.00$
New Gap (Final Budget) (2,269,533.00)$
PSERS (use of $2M from committed fund balance) 2,000,000.00$
Budget Gap as of 6.19.18 (269,533.00)$
(use assigned fund balance - high school)
CHANGES TO PROGRAMMING THAT SAVE DOLLARS
Transportation
Additional van purchases allow for NSD to bring back some BCIU contracted runs at a reduced cost
Bringing Special Education Services and Programs back into the District
Elementary: Autistic Support Level 2
Middle School: Autistic Support Level 2
Retirement savings
Adjustment in salaries due to the “breakage” from retired senior staff to new teacher salaries
NEW ACADEMIC INITIATIVES, CONTINUED PROGRAMMING TO HIGHLIGHT
1. Expansion of the AVID (Advancement Via Individual Determination) program
2. Expansion of the Bucks County College Senior Year Experience
3. Increased classroom technology --- Grades K-12 Increased number of iPads (grades K and 1)
Increased number of devices for high school students – Chromebooks in 9th grade
4. Continued Preschool Opportunities (possible increase in number of classes)
5. Updating Language Arts Literacy program (Superkids) –Grade 2
6. Reconfiguration of the delivery of instruction and increased teaching sections for English Language Development program.
LRFP – 2018-19 PROJECTS
Long Range Facilities Plan
Priority PROJECT SCHOOL ESTIMATE
1 Elevator NHS 343,900.00$
2 Pool Drain Repairs Poquessing 50,000.00$
3 Wall Repairs Poquessing 100,000.00$
4 Stadium Bleacher Repairs NHS 200,000.00$
5 Neshaminy HS Roof - Areas H1, K6, K7, K8 NHS 661,000.00$
6 Albert Schweitzer - Hallway Roof Restoration Schweitzer 145,405.00$
7 Sandburg (rooftop) Sandburg 275,000.00$
8 NHS Parking Lot NHS 40,000.00$
9 Poquessing Parking Lot Poquessing 60,000.00$
10 Security Replacement/Upgrades All 500,000.00$
2,375,305.00$
CHANGE IN REVENUE
Local Tax Increase
Act I Increase Included: $2,880,805
Allowable Exceptions Not Taken: $753,576
[Impact on Average Residential Assessment of $27,587: $102/year]
Basic Education Funding (State Subsidy)
2017-18: $13,371,061
2018-19: $13,522,236
INCREASE of $151,175
Special Education Funding (State Subsidy)
2017-18: $6,297,252
2018-19: $6,228,936
DECREASE of $68,316
Local Sources, 74.3%
State , 23.5%
Federal, 0.7% 1.1%0.1%
Local Sources
State
Federal
Committed FundBalance
Assigned Fund Balance
Neshaminy School District2018-2019
Revenue/Funding Sources
Neshaminy School District 2018-2019
Expenditure Budget
Salaries, 44.3%
Benefits, 26.8%
8.0%
2.5%7.0%
3.7%
0.8% 3.5% 3.4%
Salaries
Benefits
Purchased Prof. Services
Purchased Property Services
Other Purchased Services
Supplies
Property
Other Objects
Other Fund Uses
Neshaminy School District2018-19
Expenditure Budget by Function
Instructional Programs,
63.6%
Support Services, 27.9%
1.1%0.6%
6.8% Instructional Programs
Support Services
Non-Instructional Services
Facilities Improvement Services
Other Financing Services
HISTORICAL LOOK AND USE OF FUND BALANCE
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
TOTAL BUDGET 166,425,592$ 172,033,915$ 175,651,483$ 178,999,077$ 181,608,249$ 181,536,275$
3.37% 2.10% 1.91% 1.46% -0.04%
REVENUE
Local, State, Federal
Revenue 160,490,863$ 164,056,954$ 167,229,034$ 170,159,832$ 175,917,388$ 178,515,922$
Rollover Purchase Orders 54,449$ 216,048$ 398,831$ 34,080$ 239,429$ 750,820$ Anticipated Unassigned
Fund Balance
Appropriation 5,880,280$ 7,760,913$ 8,023,618$ 5,805,165$ 3,451,432$
Use of Assigned Fund
Balance - High School 269,533$
Use of Committed Fund
Balance -- PSERS 2,000,000$ 2,000,000$ 2,000,000$
Use of Committed Fund
Balance -- Technology 1,000,000$
TOTAL REVENUE 166,425,592$ 172,033,915$ 175,651,483$ 178,999,077$ 181,608,249$ 181,536,275$
0
THANK YOU