Transcript Slide 1
School District of Upper Dublin 2014-2015 Preliminary Budget January 13, 2014 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 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 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 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 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 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% 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% 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)