Central Dauphin School District2014-2015 Budget Presentation #1

October 7, 2013

Agenda

• Budget

– Act 1

– Financial information

– Considerations for 2014-15

• Website Information

Act 1

• Act 1 Index was officially set at 2.1% by PDE

on September 27, 2013 (CDSD aid ratio is .3583)

• PSERS exception available

– Calculation caps the payroll base

Act 1 Timeline

• Resolution Timeline

• Exception Timeline

2014-2015 Budget TimelineApprove the Resolution NOT to exceed 2.1% tax increase (no later than 1/30/2014)

Adopt the Preliminary Final Budget (no later than 5/31/2014)

Adopt the Final Budget (no later than 6/30/2014)

Post the Proposed Preliminary Budget with a tax increase including available exceptions (1/30/2014)

Advertise a notice of intent to adopt the Preliminary Budget AND a notice to seek referendum exceptions from PDE (no later than 10 days prior to adoption)

Approve the Preliminary Budget with a tax increase including exceptions (no later than 2/19/2014)

NO

YES

Resolution Timeline

• Act 1 Calendar

– 1/30/2014 Adopt a resolution ‘not to exceed’

– 5/31/2014 Adopt proposed final budget adoption

– 6/30/2014 Adopt the final budget

Exception Timeline

• Act 1 Calendar

– 1/30/2014 Post proposed preliminary budget

– 2/19/2014 Adopt preliminary budget

– 5/31/2014 Adopt proposed final budget adoption

– 6/30/2014 Adopt the final budget

2012 Revenue Sources(Audited)

2012 Local Revenues(Audited)

2012 State Revenues(Audited)

2012 Expenditures(Audited)

Business Office Website

• Website www.cdschools.org

– Administration tab

– Select Business Office

• Menu on left side of page

– Financial statement audits – 10 years

– State Auditor General reports – 3 reports covering 2001 to

2009, current report in process

– Budgets – 11 years

– Taxpayer information

– HACC certificate of residency

– Monthly Treasurer’s Reports – 5 years

Audited Financial Statements

PA Auditor General Reports

General Fund Budgets

Questions?