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1
2015-2016 GENERAL FUND BUDGETBUDGET PROCESS
Resolution Pursuant to Taxpayer Relief Act by
January 29, 2015
Resolution Passed January 26, 2015, won’t
increase taxes more than 2.7% - from 17.34
mills to 17.80
PROPOSED BUDGET DEADLINE MAY 31, 2015,
MADE AVAILABLE REVIEW OR
DUPLICATION 2O DAYS PRIOR TO ADOPTION
FINAL ACTION NOT TAKEN UNTIL AFTER 10 DAYS PUBLIC NOTICE:
JUNE 30, 2015ADOPTION DEADLINE
2
PUBLIC PARTICIPATION
Proposed Final budget must be available for public inspection no later than June 10,2015.
Public notice of intent to adopt the final budget must be published no later than June 20,2015.
3
BUDGET ELEMENTS• Tax Levies• State Appropriations• Federal Programs
REVENUES
• Salaries and Benefits• Program budgets-books, supplies,
equipment• Building budgets-maintenance,
utilities, debt serviceEXPENDITURES
4
EXPENDITURES MANDATED OR REQUIRED TO BE SPENT
CONTRACTUA
L•SALARI
ES•BENEFI
TS
STATE MANDATE
•SPECIAL EDUCATION
•CHARTER AND CYBER SCHOOL
•ENGLISH AS SECOND LANGUAGE
•KEYSTONE EXAMS
FEDERAL
MANDATE
•SPECIAL EDUCATION
•TESTING REQUIREMENTS FOR NCLB
5
HISTORICAL EXPENDITURES
45%
22%
2%
2%
3%
5%
8%
1%
3%
1%
1%
1%
4%3%
2013-14 Expenditures
SALARIES BENEFITS PROF SERVICESPROPERTY SERVICES CHARTER SCHL TUITION OTHER TUITIONSTUDENT TRANSPORTATION OTHER PURCH SERV SUPPLIESEQUIPMENT BOND INTEREST MISCELLANEOUSBOND PRINCIPAL FUND TRANSFERS
6
SALARIES AND BENEFITS 2014-15
SALARIES SALARIES AND BENEFITS REPRESENT THE
LARGEST PERCENTAGE OF BUDGETED EXPENDITURES
CURRENTLY THERE IS ONLY ONE PLANNED TEACHER RETIREMENT THAT WILL NOT REQUIRE A REPLACEMENT
TWO RETIREES ARE AT THE TOP OF THE SCHEDULE AND WILL BE REPLACED WITH BEGINNING TEACHERS
THERE WILL BE ONE ENGLISH TEACHER AT THE HIGH SCHOOL TRANSFERRED TO A VACANT ENGLISH POSITION AT THE MIDDLE SCHOOL.
7
SALARY AND WAGE INCREASES
Almost all staff salary increases are governed by collective bargaining or Act 93(Administrative staff agreements).
Teachers 161 positions-- 2.46% increase Administrators 13 positions– 2.46% increase Confidential/Technical 7 positions—2.0%
increase Secretaries 13 positions--1% increase Custodians/Maintenance 27 positions --1%
increase
8
BENEFIT TRENDS HEALTH INSURANCE 10% INCREASE 2015-16
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
9
RETIREMENT RATE INCREASES
2011-12 2012-13 2013-14 2014-15 2015-16
8.65% 12.36% 16.93% 21.4% 25.84%
2011-12 2012-13 2013-14 2014-15 2015-16
$1,171,525
$1,594,131
$2,226,017
$2,811,570
$3,434,701
10
STUDENT TUITION COSTS
AUDITED BUDGETED BUDGETED
2013-14 2014-15 2015-16
OTHER LOCAL EDUCATING AGENCIES $280,060.00 $247,095.00 $240,872.00
CHARTER SCHOOL $829,294.00 $768,000.00 $813,000.00
PRIVATE NONPROFIT PLACEMENTS $207,749.00 $264,807.00 $362,364.00
VENANGO TECHNOLOGY CENTER $1,072,364.00 $1,135,519.00 $1,151,879.00
APPROVED PRIVATE SCHOOLS $12,663.00 $72,795.00 $72,794.00
PRIVATE RESIDENTIAL REHAB INSTITUTIONS $28,269.00 $17,000.00
OTHER $175.00
TOTAL $2,150,514.00 $2,488,216.00 $2,657,909.00
11
DEBT SERVICE
Existing debt is for Central Elementary and the High School Stadium
About 4.5% total school expenditures -- constant amount. Debt is “wrapped around”.
All debt now refinanced at lower rate of interest
Current debt service on the Stadium is paid for from the Capital Reserve fund(Fund 32)
12
CHANGE IN DEBT SERVICE
2013-14 2014-15 2015-16$0.00
$200,000.00
$400,000.00
$600,000.00
$800,000.00
$1,000,000.00
$1,200,000.00
$1,400,000.00
$1,600,000.00
PrincipalInterest
13
2015-16 PROJECTED EXPENDITURES
SALARIES42%
BENEFITS26%
PROFESSIONAL SERVICES
2%
PROPERTY SERVICES
2%
CHARTER SCHL TUITION
3%
OTHER TUITION6%
STUDENT TRANSPORTA-
TION6%
OTHER PUR-CHASED SERVICES
3%
SUPPLIES4%
EQUIPMENT2%
BOND INTEREST1%
BOND PRINCIPAL4%
CONTINGENCY1%
MISCELLANEOUS0%
14
REVENUESREVENUES CONSIST OF LOCAL, STATE AND FEDERAL REVENUE
IN 2013-14, THE LAST AUDITED YEAR, LOCAL REVENUE WAS 39%
STATE REVENUE WAS 57%
FEDERAL REVENUE WAS 4%
15
LOCAL REVENUES 2015-16
86%
4%
5%
5%
RE AND EI TAXIDEADELINQUENT R.E. TAXREMAINING
16
STATE REVENUE-THE GOVERNORS BUDGET
RESTORATION OF PAST FUNDING
RESTORATION OF THE $159 MILLION CUT TO ACCOUNTABILITY BLOCK GRANT IN 2011-12
RESTORATION OF THE $47 MILLION CUT TO THE TUTORING GRANT IN 2011-12
PARTIAL CHARTER SCHOOL REIMBURSEMENT RESTORATION
PARTIAL RESTORATION OF BEF CUTS AMOUNTING TO $54 MILLION FROM 2009-10
Source: PASBO
17
COMPARATIVE STATE BUDGETS
2014-15 ESTIMATED GOVERNOR'S BUDGET 2015-16 FRANKLIN BUDGET 2015-16
?BASIC EDUCATION $11,216,596 $11,521,797 $11,521,797
ACCOUNTABILITY BLOCK GRANT $0 $258,752 $258,752
EAP(TUTORING GRANT) 0 $82,314 0
CHARTER SCHOOL REIMB 0 $86,732
ADDITIONAL BEF RESTORATION 0 $147,842
READY TO LEARN BLOCK GRANT $305,201 $0
$11,521,797 $12,097,437 $11,780,549
18
BUDGET 2015-16– REVENUES MUST EQUAL EXPENDITURES
REVENUES $30,696,099
EXPENDITURES $31,848,634
DIFFERENCE ($1,152,535)
REDUCE STAFF
USE OF FUND BALANCE
ECONOMIES OF SCALE
19
FUTURE CONSIDERATIONS: PSERS OBLIGATIONS
Fiscal yr Ending June
Total EmployerContrib. %
Estimated Wages 2.0%
Projected Total Employer Contribut.
Net Contribut.(50% State Reimbuse)
14/15 0.2140 13,310,593 2,848,467 1,424,233
15/16 0.2584 13,451,621 3,475,899 1,737,949
16/17 0.2969 13,720,653 4,073,662 2,036,831
17/18 0.3062 13,995,066 4,285,289 2,142,645
18/19 0.3156 14,274,968 4,505,180 2,252,590
19/20 0.3223 14,560,467 4,692,839 2,346,419
20/21 0.3202 14,851,677 4,755,507 2,377,753
21/22 0.3190 15,148,710 4,832,439 2,416,219
22/23 0.3196 15,451,684 4,938,358 2,469,179
23/24 0.3190 15,760,718 5,027,669 2,513,835
20
FUTURE CONSIDERATIONS
SHRINKING STUDENT ENROLLMENT According to October 1, enrollment numbers
there has been a decrease of 313 students over the last 11 years.
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20140
200
400
600
800
1000
1200
1400
ElementarySecondary
21
SAVINGS IN CLOSING UTICA-STAFF
5 TEACHERS- @ $66,544.06—Bachelor second step and individual benefits $332,720
2 CUSTODIANS- $12.19 - $12.59 an hour and family benefits $100,062
SECRETARY- $44,926
ADMINISTRATOR- $93,809
CAFETERIA STAFF- $26,000
TOTAL $597,517
22
SAVINGS IN OTHER AREAS
Snowplowing and Lawn Care $7400
Electricity $16,000
Maintenance and Repair $12,000
23
ADDITIONAL SAVINGS
Travel and Communications $7,300
Custodial Supplies $2,000
Natural Gas $12,200
24
TECHNOLOGY COSTS
Computers need replaced $30,000
Wireless connectivity $6,000VOIP $11,000
25
2013-14 EXPENDITURES PER STUDENT
CENTRAL SANDYCREEK VICTORY UTICA$0.00
$2,000.00
$4,000.00
$6,000.00
$8,000.00
$10,000.00
$12,000.00
$14,000.00
26
UTICA EXPENDITURES PER YEAR-AUDITED
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
27
CONCLUSIONS
BUDGET IS TENTATIVE—WAITING FOR FIRM COSTS ON SOME ITEMS, SUCH AS RIU TUITION
STATE SHARE IS OPEN TO INTERPRETATION- IF WE ASK FOR NOTHING WE WILL GET NOTHING
A TAX HIKE TO THE MAX IS INCLUDED-247,599 MORE COLLECTED
SHRINKING ENROLLMENT, INCREASING SPECIAL COSTS AND INCREASING PSERS REMAIN PROBLEMS