Transcript Slide 1

School District of Upper Dublin
2014-2015 Preliminary Budget
January 13, 2014
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Upper Dublin Timeline:
◦ January 13:
 Board authorizes publication of 2014-15 Preliminary
Budget in PDE approved format AND
 Authorizes advertisement of intent to adopt 2014-15
Preliminary Budget on February 10
◦ January 21: Deadline to publish 2014-15 Proposed
Preliminary budget in PDE format
◦ January 31: Advertise Board’s intent to adopt the
2014-15 Preliminary budget on February 10
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Upper Dublin Timeline:
◦ February 10: Board adopts the 2014-15 Preliminary
Budget
◦ February 14: Submit Preliminary Budget including
tax information to PDE
◦ February 27: Deadline to advertise intent to file for
exceptions with PDE
◦ March 6: Deadline to file for exceptions with PDE
◦ March 26: Notification by PDE re: exceptions
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Upper Dublin Timeline:
◦ May 12-The Board:
 Approves 2014-15 Proposed Final Budget
 Authorizes the display on May 22 of 2014-15 Final
Budget
 Authorizes advertisement to adopt 2014-15 Final
Budget
 Transfer dollars to Capital Reserve and/or
 Appropriate June 30, 2014 Fund Balance
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Upper Dublin Timeline:
◦ May 22: Deadline for public inspection of the 20142015 Proposed Final Budget
◦ June 1: Deadline to advertise intent to adopt 20142015 Final Budget
◦ June 11: Adoption of the 2014-2015 Final Budget
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4.5% real estate tax increase
Earned Income Tax will increase 1%
No increase to Basic Education funding
No increase in Special Education funding
Federal funds remain flat except IDEA will be
reduced 5%
6000
7000
8000
Local Revenue
State Revenue
Federal Revenue
TOTAL REVENUE
$ 72,702,313
13,839,991
360,725
$86,903,029
15.93%
0.42%
83.66%
Local Revenue
State Revenue
Federal Revenue
2013-14
Budget
2014-15
Budget
$ Change
Local Revenue
$69,873,003
$72,702,313
$2,829,310
4.1%
State Revenue
12,776,286
13,839,991
1,063,705
8.3%
384,789
360,725
(24,064)
(6.3%)
$83,034,078
$86,903,029
$3,868,951
4.7%
Federal Revenue
TOTAL
% Change
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Components of 2014-2015 Preliminary
Budget Tax Increase:
◦ Act 1 Index
◦ PSERS Exception*
◦ Special Ed Exception
2.10%
1.21%
1.19%
Total
4.50%
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No salary increases
No staffing or program changes
No retirements
PSERS rate increase from 16.93% to 21.4%
Medical Insurance rate increase of 15.9%
Rx increase rate increase of 14.75%
Budgetary reserve of $250,000
Supply and utility costs stable
Building budgets unchanged
Includes a HUB Payment of $1,190,000
1100
Regular Education
$ 36,637,490
1200
Special Education
1300
Vocational Education
520,000
1400
Other Educational Programs
260,829
1600
Adult Education Programs
2100
Pupil Personnel Services
3,319,087
2200
Instructional Staff Services
2,450,561
2300
Administration Services
4,048,289
2400
Pupil Health Services
792,205
2500
Business Services
762,747
13,091,639
36,165
2600
Operations & Maintenance Services
7,190,702
2700
Student Transportation Services
3,959,916
2800
Support Services
2900
Other Support Services
3200
Student Activities
3300
Community Services
5100
Debt Service
5200
Fund Transfers
5900
Budgetary Reserve
TOTAL EXPENDITURES
941,115
69,746
1,472,369
331,680
13,961,550
0
250,000
$ 90,096,090
6%
15%
41%
4%
8%
7%
4%
15%
Regular Education (1100)
Special Education (1200)
Pupil Services (2100)
Curriculum & Administration (2200 & 2300)
Operations & Maintenance (2600)
Transportation (2700)
Debt Service (5100)
All Other Functions
9%
3%
0%
7%
4%
46%
3%
4%
24%
Salaries (100)
Benefits (200)
Purch. Professional Services (300)
Purch. Property Services (400)
Other Purch. Services (500)
Supplies (600)
Property (700)
Other Objects (800)
Other Financing Uses (900)
2013-14
Budget
2014-15
Budget
$ 35,820,025
$ 36,637,490
$817,465
2.3%
11,375,717
13,091,639
1,715,922
15.0%
$ Change
%
Change
1100
Regular Education
1200
Special Education
1300
Vocational Education
515,143
520,000
4,857
.9%
1400
Other Educational
Programs
200,744
260,829
60,085
29.9%
1600
Adult Education Programs
32,047
36,165
4,118
12.9%
2100
Pupil Personnel Services
3,226,599
3,319,087
92,488
2.9%
2200
Instructional Staff Services
2,277,291
2,450,561
173,270
7.6%
2300
Administration Services
3,526,860
4,048,289
521,429
14.8%
2400
Pupil Health Services
1,020,482
792,205
(228,277)
(22.4)
2500
Business Services
758,978
762,747
3,769
.5%
2013-14
Budget
2600
Operations &
Maintenance Services
2700
Student Transportation
Services
2800
Support Services
2900
Other Support Services
3200
Student Activities
3300
Community Services
5100
Debt Service
5200
Fund Transfers
5900
Budgetary Reserve
TOTAL EXPENDITURES
$
2014-15
Budget
7,050,616
$
%
Change
$ Change
7,190,702
$
140,086
2.0%
3,772,836
3,959,916
187,080
5.0%
911,590
941,115
29,525
3.2%
69,746
69,746
0
0.0%
1,478,583
1,472,369
(6,214)
(0.4%)
310,537
331,680
21,143
6.8%
12,968,020
13,961,550
993,530
7.7%
0
0
0
0.0%
187,021
250,000
62,979
33.7%
$ 85,502,835
$ 90,096,090
$4,593,255
5.4%
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State budget- any significant changes?
Experience for self-funded medical insurance
The Villa
Impact of winter weather – Repairs, OT,
supplies, utilities
Ongoing assessment appeals
Total Revenue
Total Expenditures
Deficiency for 2014-2015
$86,903,029
90,096,090
($3,193,061)
Projected Fund Balance, 6/30/2014
Total Revenue
Total Expenditures
Ending Fund Balance, 6/30/2015
$
$
2,120,289
86,903,029
90,096,090
(1,072,772)