Transcript Gateway School District General Fund Budget

Gateway School District
General Fund Budget
Preliminary Summary Budget Information for
the 2015-2016 Fiscal Year
As of April 13, 2015
Summary of Preliminary Total
Revenues for 2015-2016

Projected Preliminary Total Revenues for the
2015-2016 fiscal year of $68,982,000.

(***Projected Preliminary Total Revenues
currently DON’T include any real estate tax
increase ($0) for the 2015-2016 fiscal year.***)

Decrease of ($1,198,000) or (1.71%) under the
2014-2015 fiscal year budgeted Total Revenues.
Summary of Preliminary Total
Expenditures for 2015-2016

Projected Preliminary Total Expenditures for the
2015-2016 fiscal year of $73,293,000.
 Increase
of $3,113,000 or 4.44% over the
2014-2015 fiscal year budgeted Total
Expenditures.
Net Preliminary Budgetary
Shortfall or Deficit for 2015-2016
 Decrease
in Revenues of ($1,198,000) +
 Increase in Expenditures of $3,113,000 =
 Net
Projected Preliminary Total Budget
Shortfall or Deficit for the 2015-2016
fiscal year of ($4,311,000).
Two Significant Issues Impacting
the Budget for 2015-2016

Net Revenues are Decreasing primarily due to
a Decrease in Current Year Real Estate Tax
Revenues and the 14-15 fiscal year Utilization of
Fund Balance.

Net Expenditures are Increasing primarily due
to an Increase in the Required Employer PSERS
contribution.
Direct District Impact of Preliminary State
Budget Proposals for 2015-2016

Increase of $605,778 in Basic Education
Subsidy in the State budget.

Increase of $162,885 in Special Education
Subsidy.

Increases NOT Included in the 2015-2016 fiscal
year Budget due to the unlikelihood of the State
being able to fund the increases. Time will tell!
Direct District Impact of Preliminary State
Budget Proposals for 2015-2016

State grant called the Ready to Learn Block Grant (RLBG) to be
included in the BEF for the 2015-2016 fiscal year - ?

Restore the Accountability Block Grant funding - ? (This grant was
collapsed into the RLBG for the 2014-2015 fiscal year.)

Charter school funding reimbursement of approximately 10% of the
required charter school tuition expenditure payments the District is
required to make for the 2015-2016 fiscal year - ?

Reduction in tuition expenditure payments paid by the District to
cyber charter schools for the 2015-2016 fiscal year - ?
Charter & Cyber Charter School Expenditures
3,811,628
3,286,398
2,106,318
1,736,928
1,108,661
794,782
846,678
818,538
2007-2008
2008-2009
528,654
319,590
2004-2005
2005-2006
2006-2007
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
Proposed Change to Cyber
Charter School Tuition

Establish a statewide regular education student tuition
rate for cyber charter schools of $5,950.

GSD Adjusted 14-15 Rate
Less: New State Rate
GSD Savings Per Student
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

$13,282.09
($5,950.00)
$7,332.09
Projected GSD Regular Education Cyber School
Savings of $388,600.77 for 53 students.
Other Proposed Charter
School Changes

For cyber charter school special education students, the
flat rate of $5,950 would be marked up based on the cost
category of the student over three different cost
categories.

Make pension “double-dip” permanent.

Require an annual reconciliation and audit of
expenditures & require refunds of excess tuition paid
back to the school districts.
Proposed State Tax Increases
and New State Taxes
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Increase the State’s Personal Income Tax from 3.07% to 3.70%.
Increase the State’s Sales Tax from 6.0% to 6.6% & eliminate nearly
all current exemptions (day care expense & nursing home care).
Increase the State’s Cigarette Tax from $1.60 per pack to $2.60 per
pack.
Create a New Natural Gas Severance Tax of 5% at the well head
plus $.047 per MCF.
Increase the State’s Bank Shares Tax from .89% to 1.25%.
Decrease the state’s Corporate Net Income Tax from 9.99% to
5.99% beginning in tax year 2016 and then further reductions over
subsequent years.
State Retirement Changes – No
Immediate Changes for 2015-2016

No changes to the Pennsylvania School
Employees Retirement System (PSERS) have
been immediately proposed to provide financial
relief to the school districts.

(***ALL Changes to PSERS must first be
approved by the State Legislature.***)

Eliminate PSERS fund management fees and
issue bonds for the unfunded pension liability - ?
PA Pension Reform Issues
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$50 billion in unfunded State Pensions (SERS & PSERS).
PA is 2nd-most underfunded pension next to New Jersey.
Proposed plan to issue $3 billion in pension bonds to reduce
unfunded liability by $8 billion.
3rd-worst Moody’s credit rating of any state (Illinois & New Jersey
rank worse).
Pension bonds to be paid through increased profits earned through
modernization of State LCB system.
Current plan management fees and associated income – “You get
what you pay for.”
For $482 million in investment fees, PSERS earned an additional
$1.27 billion net of the fees above the index return.
State Retirement Changes – No
Expected Changes for 2015-2016

NO expected reduction in the projected 20152016 fiscal year employer contribution rate of
25.84%.

Current net effect (Increase in Expenditures of
$1,567,289 Less Increase in State 50%
Reimbursement Subsidy of $783,644) in the
2015-2016 fiscal year Preliminary Budget is an
increase in pension expenditures of $783,645 to
PSERS.
Actual & Projected PSERS Employer Rates
35.
31.56
30.
32.23
30.62
29.69
25.
25.84
21.4
20.
16.93
15.
10.
5.
.
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
Employer Retirement (PSERS) Expenditures
8,415,593
6,858,148
5,207,707
3,849,120
2,738,924
2,173,665
1,870,435
1,859,348
1,341,136
2005-2006
2006-2007
2007-2008
1,433,857
1,480,574
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
2015-2016
Preliminary Revenue and
Expenditure Issues for 2015-2016

Reduction in Current Real Estate Tax revenues
(Loss of $579,189).

Actual Increases of 2.75% for PPO & 2.75% for
EPO (EPO is formerly the HMO) in employer
medical insurance expenditures.

Increase of 4.44% (from 21.40% to 25.84%) in
required employer retirement benefit
expenditures to PSERS.
Composition of Major Revenue
Categories for 2015-2016

Local – 72% of the Preliminary 15-16 Budget.

State – 26% of the Preliminary 15-16 Budget.

Federal - 2% of the Preliminary 15-16 Budget.

FLAT or very Little Revenue Growth Projected in the
2015-2016 fiscal year Budget.
Major Revenue Categories for 2015-2016
Local Revenues
72%
Federal Revenues
2%
State Revenues
26%
Major Types of Local Revenue
Categories for 2015-2016
 Current
Real Estate Tax (Largest).
 Current Earned Income Tax.
 Delinquent Real Estate Tax.
 Mercantile Tax.
 Deed Transfer Tax.
 Delinquent Earned Income Tax.
 Local Services Tax.
Major Types of State Revenue
Categories for 2015-2016
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Basic Education Subsidy (Largest).
Retirement Reimbursement Subsidy – 50%.
Special Education Subsidy.
Property Tax Reduction Allocation.
SS & FICA Reimbursement Subsidy – 50%.
Transportation Reimbursement Subsidy.
Debt Service Reimbursement Subsidy.
Ready To Learn Block Grant.
Major Types of Federal Revenue
Categories for 2015-2016

Title I Funds (Largest) - Passed Through PDE.
 IDEA Funds
- Passed Through the AIU#3.
 Title II Funds - Passed Through PDE.
 ACCESS Funds - Passed Through PDE.
 Title III Funds - Passed Through PDE.
Top Ten Revenues for 2015-2016
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1. Current Real Estate Taxes - $41,749,302
2. Basic Education Subsidy - $7,019,943
3. Retirement Reimburse. Subsidy - $4,207,796
4. Current Earned Income Taxes - $3,600,000
5. Special Education Subsidy - $1,987,305
6. Delinquent Real Estate Taxes - $1,503,000
7. State Property Tax Reduction - $1,459,741
8. SS & FICA Reimburse. Subsidy - $1,253,341
9. Mercantile Taxes - $1,223,000
10.Transportation Reimb. Subsidy - $1,175,000
Major Revenue Categories for 2015-2016
Current Real Estate
Taxes
61%
BEF
10%
PSERS
6%
Other
5%
TransMerc SS
2% 2% 2%
SEF
PropD.R.E. 3%
2% 2%
EIT
5%
Top Ten Expenditures for 2015-2016
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1. All Employee Wages & Salaries - $32,348,000
2. Retirement Expenditures - $8,415,593
3. Health Insurance Expenditures - $6,050,000
4. Transportation Expenditures - $4,432,000
5. Bond Debt Service Expenditures - $4,003,250
6. Charter & Cyber School Expenditures - $3,900,000
7. Special Education Expenditures (Other) - $2,857,000
8. SS & FICA Expenditures - $2,506,683
9. Technology Expenditures (All) - $1,757,000
10.Utility Expenditures - $1,062,000
Major
Revenue Categories
forfor
2015-2016
Major
Expenditure
Categories
2015-2016
Current Real Estate
Taxes
61%
Employee Wages &
Salaries
44%
PSERS
12%
Health Insurance
8%
BEF
Transportation
10%
6%
Bond Debt Service
6% PSERS
6%
Charters
EIT
5%
Special Ed
5%
SEF
Other
D.R.E.
4%
SS
Other Exps.
Prop
Tech
TransMerc
SS
Utility
3%
5% 8%
2%
3%
2%
2%
2% 2%
2%2%
Preliminary Total Personnel & Employee
Benefit Expenditures for 2015-2016

Projected Preliminary Personnel Wage & Salary
Expenditures = 44.1% of the 2015-2016 fiscal
year Budget.

Projected Preliminary Employee Benefits
Expenditures = 24.4% of the 2015-2016 fiscal
year Budget.

Projected Preliminary Total Gross Employee
Expenditures = 68.5% of the Total 2015-2016
fiscal year Preliminary Budget.
Projection of Ending Total Fund
Balance at 6/30/15 for 2014-2015

Beginning Fund Balance as of 7/1/14
$10,074,826
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Less: 1. Fund Balance to Balance 14-15 Budget
($1,777,000)
2. P/Y Real Estate Tax Refunds
($ 451,945)
3. C/Y Real Estate Tax Refunds
($ 238,512)
4. Student Parking Fees Not Collected
($
9,800)

5. Other Expenditures
($ To Be Determined)



Add: 1. No Major Increases to List at this Time.
$
Net Projected Decrease for 2014-2015 Fiscal Year
($2,477,257)

Projected Ending Fund Balance as of 6/30/15
0
$7,597,569
Composition of Projected Ending Fund
Balance at 6/30/15 for 2014-2015
 Unassigned
Fund Balance
$1,043,551
 Nonspendable Fund Balance $ 886,504
 Committed Fund Balance
$5,667,514
 Projected
Total Fund Balance $7,597,569
Components of Fund Balance

Unassigned Fund Balance: Portion that is immediately available
to be utilized for identified purposes such as balancing the Budget &
making transfers to other funds.

Nonspendable Fund Balance: Portion that offsets the amount of
Prepaid Expenditures on the District’s balance sheet & is not
available for expenditure.

Committed Fund Balance: Portion that is not immediately
available due to official designation by the Board for specific
purposes through a formal Board resolution. Can be designated by
the Board for different purposes or classified back to Unassigned
Fund Balance through an additional formal Board resolution.
Designations Currently Include: 1. Future employer health insurance
increases; 2. Future employer pension cost increases; & 3. Future
capital repair project expenditures for District school buildings.
Projection of Total Fund Balance at
6/30/16 for 2015-2016

Projected Fund Balance as of 7/1/15
$ 7,597,569


Less: Projected Utilization to Balance the ($ 4,311,000)
2015-2016 fiscal year Budget

Projected Fund Balance as of 6/30/16

The Projected Total Ending Fund Balance Represents 4.48% of the
Preliminary 2015-2016 fiscal year Budget.

(NOTE: The Unassigned Fund Balance portion of the Total Ending
Fund Balance is projected to be 1.42% of the 2015-2016 fiscal year
budgeted expenditures which is in compliance with 24 PS 6-688 or
less than 8% in a fiscal year when the real estate tax millage rate is
increased by the District.)
$ 3,286,569
Balancing Two Fiscal Year Budgets
 Utilization
 Projected
 Less:
of Fund Balance:
Net Used for 15-16 $4,311,000
14-15 Utilization
 Actual Amount
for 15-16
($1,777,000)
$2,534,000
What if Only Two Budget Line Items
Didn’t Change for 2015-2016?
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Utilization of Fund Balance
Add: Net Increase in PSERS
Expenditures.
Add: Net Decrease in Current Year
Real Estate Tax Revenue.
($4,311,000)
$ 783,645
Adjusted Utilization of Fund Balance
for the 2015-2016 fiscal year if the
PSERS Rate & Current Year Real
($2,948,166)
Estate Tax Revenues Didn’t Change.
$ 579,189
Gateway School District
General Fund Budget
Preliminary Real Estate Tax Millage Rate & Other
Budget Information for the 2015-2016 Fiscal Year
As of April 13, 2015
What is Millage?

Millage is a tax rate applied to a real estate property’s
assessed valuation for the purpose of revenue
generation by a taxing body such as the District.

Each mill represents $1 of tax assessment per
$1,000 of assessed property value.

A mill is derived from the root word mill, which means
“thousand.”

Thus, one mill is one part per thousand or 0.1% which
can also be expressed as .001 for calculation purposes.
Gateway School District Real Estate Tax
Millage Rate for 2014-2015

At 18.8919 Mills in the 2014-2015 fiscal year,
GSD has the 18th Lowest Millage Rate out of
42 school districts in Allegheny County.

McKeesport Area School District – Lowest in
Allegheny County at 15.70 Mills.

Wilkinsburg Area School District – Highest in
Allegheny County at 32.63 Mills.
Neighboring Allegheny County School District
Real Estate Tax Millage Rates for 2014-2015
School District – 18.8919 Mills
 Plum Borough School Dist. – 18.7580 Mills
 Penn Hills School District – 24.1540 Mills
 Woodland Hills School Dist. – 22.400 Mills
 East Allegheny School Dist. – 27.540 Mills
 Gateway
Select Allegheny County Real Estate Tax Millage Rates for 14-15
22.
21.5
21.31
21.
20.5
20.6052
20.3494
20.
19.5
19.604
19.2083
19.
18.5
18.6283
18.63
18.67
18.758
18.8461
18.8919
18.
17.5
17.
Fox Chapel Keystone Oaks Avonworth Plum Borough Moon Area
Gateway
Pine-Richland
Carlynton Allegheny Valley Elizabeth Forward
Steel Valley
Effects of Allegheny County Real
Estate Reassessment in 2015-2016

Real estate assessment values for properties located in
Monroeville and Pitcairn CONTINUE to decrease in
value and owner appeals will CONTINUE to occur in the
2015-2016 fiscal year.

Current year and prior year real estate tax refunds will
CONTINUE to have a negative effect on current year
real estate tax revenue as well as prior year real estate
tax refund expenditures which will ultimately effect the
District’s Fund Balance.
District Real Estate Assessment
Issues for 2015-2016

The current total assessed value of the District’s real estate
properties CONTINUE to decrease each month.

The number of taxpayer appeals CONTINUE to occur and the
successful taxpayer appeals further decrease the total assessed
real estate value of the District.

Thus, the District’s calculation of real estate tax revenue for the
2015-2016 fiscal year has factored in an adjustment for the
continuation of successful taxpayer appeals.

In addition, new taxpayer appeals will probably CONTINUE to be
initiated during the 2015-2016 fiscal year which CAN NOT be
quantified by the District.
Continued Decline of District Total Real
Estate Assessed Values During 13-14
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6/14/13 Total Value
7/19/13 Total Value
8/23/13 Total Value
9/27/13 Total Value
11/8/13 Total Value
11/12/13 Total Value
12/13/13 Total Value
1/15/14 Total Value
1/24/14 Total Value
2/21/14 Total Value
3/28/14 Total Value
4/4/14 Total Value
4/28/14 Total Value
5/2/14 Total Value
5/9/14 Total Value
5/23/14 Total Value
5/30/14 Total Value
$2,499,750,315
$2,463,880,115
$2,461,222,715
$2,453,451,165
$2,453,099,915
$2,447,304,616
$2,445,921,916
$2,451,626,716 (Certified Value from Allegheny County)
$2,449,255,916
$2,442,479,716
$2,438,104,566
$2,438,038,066
$2,437,550,241
$2,432,476,041
$2,432,411,041
$2,432,411,041
$2,418,463,341

From 6/14/13 to 5/30/14, the Total Real Estate Assessed Value of the District continued to Decrease by
($81,286,974) or (3.25%).

District utilized a ($36,000,000) assessment value adjustment leaving a balance of ($45,286,974) unanticipated for
the 2013-2014 fiscal year.
Continued Decline of District Total Real
Estate Assessed Values During 14-15
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6/14/13 Total Value
7/25/14 Total Value
8/29/14 Total Value
9/26/14 Total Value
10/31/14 Total Value
11/28/14 Total Value
12/12/14 Total Value
1/9/15 Total Value
2/20/15 Total Value
3/27/15 Total Value
4/??/15 Total Value
5/??/15 Total Value
6/??/15 Total Value
$2,499,750,315
$2,416,512,181
$2,394,109,781
$2,392,062,931
$2,391,193,131
$2,390,995,231
$2,384,813,331
$2,392,251,431
$2,388,870,331
$2,388,979,556
$2,3??,???,???
$2,3??,???,???
$2,3??,???,???
(Certified Value from Allegheny County)
(To be reported at future Budget & Finance Committee Meetings)
(To be reported at future Budget & Finance Committee Meetings)
(To be reported at future Budget & Finance Committee Meetings)

From 6/14/13 to 3/27/15, the Total Real Estate Assessed Value of the District continued to Decrease by
($110,770,759) or (4.43%).

District utilized a total of ($41,000,000) in assessment value adjustments based on available assessment appeal
information leaving a total balance of ($69,770,759) unanticipated for the 2013-2014 and 2014-2015 fiscal years.
2,388,979,556
2,388,870,331
2,392,251,461
2,384,813,331
2,390,995,231
2,391,193,131
2,392,062,931
2,394,109,781
2,416,512,181
2,432,411,041
2,418,463,341
2,437,550,241
2,432,476,041
2,432,411,041
2,438,104,566
2,438,038,066
2,442,479,716
2,451,626,716
2,449,255,916
2,445,921,916
2,453,099,915
2,447,304,616
2,453,451,165
2,461,222,715
2,463,880,115
2,499,750,315
DI STRI CT REA L ESTATE A SSESSED VA LU ES - LOSS OF
(110 , 770 , 759 ) FROM 6 /14/13 TO 3/27/15
Assessed Value Adjustment for Taxpayer
Real Estate Appeals in 2015-2016
 District
has utilized an adjustment of
$7,500,000 for current taxpayer real estate
appeals which MAY require the District to
issue a refund or return current year
revenue collected by the District to the
taxpayers during the 2015-2016 fiscal year
after a successful appeal.
Primary Reason for the Continued
Decline in District Total Real Estate
Assessed Values for 2014-2015

Successful and Pending Taxpayer Real Estate
Assessment Appeals!

Thus, the District’s real estate tax millage rate was set
TOO LOW for the 2013-2014 fiscal year and is TOO
LOW for the 2014-2015 and 2015-2016 fiscal years
without any additional increases to equalize the real
estate tax revenues back to the original calculated and
intended revenue amount for the 2013-2014 fiscal year.
Analysis of Projected Real Estate
Tax Revenue at 6/30/15 for 2014-2015
Amounts through 4/9/15 with additional amounts To Be Determined (TBD)
 Amount
Originally Budgeted $42,328,491
 Less: Amount Collected
($41,783,239)
 Add: Refunds to Taxpayers $
238,512
 Balance to be Collected
$ 783,764
 Less: Future Delinquents
($
TBD)
 Amount Never to be Collected $
TBD
 Percentage Never to be Collected TBD%
Correct Real Estate Tax Millage Rate

Utilizing the actual $110,770,759 decrease in the
District’s total assessed value in calculating the revenue
for the 2013-2014 fiscal year, the correctly adjusted
millage rate would have been established at 19.5445
Mills.

District’s rank would have changed from the 18th to the
19th Lowest Millage Rate in Allegheny County for the
2014-2015 fiscal year.

Represents an increase of .6526 Mills over the 18.8919
mills previously set for the 2013-2014 fiscal year.
2.3% Index - Equivalent in Mills

The District is permitted to increase the millage rate by up to a 2.3%
(Index) for the 2015-2016 fiscal year.

Current Millage:
18.8919 Mills
Multiplied by 2.3% Index:
X .023
Max Increase in Millage of:
.4345 Mills
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Thus, the maximum amount the Real Estate Tax Millage Rate
CAN be for the 2015-2016 Fiscal Year is 18.8919 Mills + .4345
Mills = 19.3264 Mills.

***NO INCREASE IN THE MILLAGE RATE IS CURRENTLY
UTILIZED TO BALANCE THE DISTRICT’S BUDGET FOR THE
2015-2016 FISCAL YEAR.***
Comparison of 2014-2015 to Maximum Real
Estate Tax Millage Rate FOR 2015-2016


2014-2015 Millage Rate:
18.8919 Mills
2015-2016 Maximum Millage Rate: 19.3264 Mills

Maximum Increase of (.4345 Mills) in the Millage Rate.

Maximum Increase of (2.3%) in the Millage Rate.

***NO increase in the real estate tax millage rate is
currently included in the Preliminary Budget for the
2015-2016 fiscal year. A full increase of 2.3% will
yield a net amount of approximately $993,776.65.***
$ Amount of Real Estate Tax Maximum Millage
Increase Per Resident Available for 2015-2016

Monroeville:

Pitcairn:

Based on median taxable
value of $107,800.

Based on median taxable
value of $35,000.

At Maximum 2.3% Index
= $46.84/YEAR.

At Maximum 2.3% Index
= $15.21/YEAR.

At Maximum 2.3% Index
= $3.90/MONTH.

At Maximum 2.3% Index
= $1.27/MONTH.
Assessment Value for 2015-2016

Allegheny County formally issued new certified real estate
assessment values via a CD on 1/9/15 for properties located in
Monroeville and Pitcairn to be utilized by the District for the
preliminary real estate tax calculations required in the 2015-2016
fiscal year Budget.

Allegheny County will issue another CD to the District in May 2015
with the eligible homestead properties to receive property tax relief
for the 2015-2016 fiscal year.

District compares the total 1/9/15 & the May 2015 real estate
assessment values and millage rate calculations to the value and
millage rate calculations performed on the available summary
assessment values per the Allegheny County website. The County
updates the District’s summary assessment values every two
weeks.
Homestead Exclusion for 2015-2016

The 2014-2015 fiscal year amount is initially projected to be in the District’s
2015-2016 fiscal year Budget.

State will determine (on April 15, 2015) whether any gaming revenues will
actually be available for distribution to the school districts during the 20152016 fiscal year.

PDE will then certify and officially release the actual distribution amount to
the District on May 1, 2015 (the amount of $1,459,741.27 was received for
the 2014-2015 fiscal year) for the 2015-2016 fiscal year.

The 2015-2016 fiscal year would be the 8th year in a row for the District to
receive and to distribute a State gaming revenue distribution.

Impact of the distribution would be revenue neutral in the District’s 20152016 fiscal year Budget.
Actual State Property Tax Reduction Allocations - $1,567.02 Increase
1460000.
1,459,741.27
1459500.
1,459,253.43
1459000.
1,458,979.17
1,458,929.28
1,458,800.97
1,458,759.37
1458500.
1,458,174.25
1458000.
1457500.
1457000.
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
Homestead Exclusion for 2014-2015
 $174.63
per eligible homestead property in
both Monroeville & Pitcairn for the 20142015 fiscal year. (15-16 should be similar.)
Monroeville
.4345 Mill Increase $ 46.84
Less: Exclusion ($174.63)
Net Credit Effect ($127.79)
Pitcairn
$ 15.21
($174.63)
($159.42)
Budget Process for 2015-2016

A not to exceed Index (2.3%) resolution was previously adopted by the Board on
January 28, 2015 for the 2015-2016 fiscal year.

Thus, referendum exceptions have not been requested and will not be utilized by
the District for the 2015-2016 fiscal year to further increase the millage rate above the
2.3% Index rate.

The Proposed Final 2015-2016 General Fund Budget will be considered for adoption
by the Board on May 20, 2015. The Budget will be displayed via the PDE-2028 form
on the District’s website at www.gatewayk12.org

Various detailed Excel spread sheets will also be displayed on the District’s website at
www.gatewayk12.org

Thus, the Pre-Act 1 budget timeline will continue to be followed by the District
through final Budget adoption by the Board on June 24, 2015.
Future Budget Meeting Dates &
Topics for 2015-2016

May 21, 2015: Review of Staffing Requirements
& Personnel Budget.

June 1, 2015: Final Public Hearing.

(All Budget & Finance Committee Meetings will be held in the High School LGI at 7:00 p.m.)