Kennett. Consolidated School District Dedicated to our students and their future. General Fund Operating Budget Fiscal Year

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1 Kennett Consolidated School District Dedicated to our students and their future General Fund Operating Budget Fiscal Year

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8 BUDGET TABLE OF CONTENTS ORGANIZATIONAL SECTION Board of Directors 1 Central Administration 1 School Administrators 2 Consultants and Advisors 3 Budget Timeline 4 FINANCIAL SECTION Summary of General Fund Budget 7 Summary of Revenue and Expenditures by Function 8 Summary of Expenditures and Other Financing by Object 9 Comparison of Revenues 10 Comparison of Expenditures 11 Revenue Budget - Summaries and Explanations 14 Expenditure Budget Summaries and Explanations Instructional 1000 Series 19 Support Services 2000 Series 26 Operation of Non-Instructional Services 3000 Series 46 Site/Facilities Improvement 4000 Series 50 Other Outlays 5000 Series 53 INFORMATIONAL SECTION Five Year Comparison of Revenues by Function 57 Five Year Comparison of Expenditures by Function 58 Five Year Comparison by Object 61 Historical Analysis of Millage Rate 62 Historical Analysis of Real Estate Tax Levy 62 Real Estate Tax Collections Analysis 63 Historical Analysis of Real Estate Assessments 64 Historical Analysis of STEB Market Value 64 Tax Duplicate Assessment Analysis by Property Classification 65 Tax Duplicate Assessment Analysis by Municipality 66 Principal Tax Payers 67 Common Level Ratio 67 Average Residential Assessment 68 Property Tax Reference Table 69 Demographic Statistics 70 Building Allocation 71 Debt Service Schedule 72 Outstanding Debt Service Schedule 73 Scholastic Aptitude Test (SAT) Mean Scores 74 SALARIES AND BENEFITS Attached and made part of this document June 16, 2008 Available by contacting the Director of Business Administration The Kennett Consolidated School District will not discriminate in its educational programs, activities, or employment practices, based on race, color, national origin, sex, disability, age, religion, ancestry, union membership, or any other legally protected classification. Announcement of this policy is in accordance with state and federal laws, including Title IX of the Education Amendments of 1972, Sections 503 and 504 of the Rehabilitation Act of 1973, and the Americans with Disabilities Act of Kennett Consolidated School District employees and participants who have an inquiry or complaint of harassment or discrimination, or need information about accommodations for persons with disabilities, should contact Dr. Rudolph Karkosak, District Superintendent, 300 East South Street, Kennett Square, PA 19348, telephone (610)

9 Organizational

10 ORGANIZATION BOARD OF SCHOOL DIRECTORS George P. Drake, Jr, President Heather Schaen, Vice President Nick Perigo, Treasurer Shirley Annand Michael Finnegan James P. Joyce Douglas J. Doren Aline Frank Leslie G. Whiteside Mark T. Tracy, Secretary ADMINISTRATION Rudolph F. Karkosak, Ed.D., District Superintendent Victoria Gehrt, Ed.D., Assistant Superintendent for Curriculum and Instruction Mark T. Tracy, Director of Business Administration Constance A. Ames, Ed.D., Director of Student Services and Special Education Nancy L. Tischer, Director of Human Resources Robert J. Perzel, Director of Construction and Facilities Management

11 Administration Building 300 East South Street Kennett Square, Pennsylvania (610) Greenwood Elementary School 420 Greenwood Road Kennett Square, PA Telephone: (610) Principal: Tracey Marino Mary D. Lang Elementary School 409 Center Street Kennett Square, PA Telephone: (610) Principal: Susan McArdle New Garden Elementary School 265 New Garden Road Post Office Box 488 Toughkenamon, PA Telephone: (610) Principal: Cathy Robine Assst. Principal: Carla Horne Kennett Middle School 195 Sunny Dell Road Landenberg, PA Telephone: (610) Principal: John Carr Asst. Principal: Joseph Lavelle Asst. Principal: Karen Gerlach Kennett High School 100 E. South Street Kennett Square, PA Telephone: (610) Principal: Michael Barber Asst. Principal: Raymond Fernandez Asst. Principal: Tomorrow Jenkins

12 CONSULTANTS AND ADVISORS AUDIT FIRM Timothy D. Umbreit, P.C. Certified Public Accountant 714 East Baltimore Pike Kennett Square, PA SOLICITOR John R. Merrick Attorney At Law 117 South Broad Street Kennett Square, PA FINANCIAL ADVISORS RBC Dain Rauscher 2101 Oregon Pike Lancaster, PA FINANCIAL ADVISORS Public Financial Management Governors Plaza North 2101 N. Front Street Harrisburg, PA BOND COUNSEL Pepper Hamilton LLP 3000 Two Logan Square Eighteenth & Arch Streets Philadelphia, PA OFFICIAL DEPOSITORY First National Bank of Chester County 126 W. Cypress Street Kennett Square, PA 19348

13 BUDGET BUDGET TIMELINE September 1, 2007 PDE publishes index (4.4% for ) October 1, 2007 October 8, 2007 Finance Committee Meeting Board Room, 7:00 PM Student enrollment projections from the Director of Business Administration Director of Business Administration will develop guidelines and the base allocation for each school based upon their student enrollment multiplied by a weighted dollar value November 5, 2007 Finance Committee Meeting - Board Room, 7:00 PM -Independent Auditor s Report for the Year Ended June Debt Service Schedules -Building Allocations -Homestead Mailings November 30, 2007 December 10, 2007 December 14, 2007 Draft salary and benefit projections for existing staff pending release of PSERS rates and first look rates from Independence Blue Cross Finance Committee Meeting - Board Room, 7:00 PM -Salaries and Benefits -Revenues -Charter School Tuition -Estimated Preliminary Budget Provide the administrative team with individualized packets containing instructions, base allocation information, prior year s actual budget information and the forms required for submission to the Director of Business Administration. Building principals and administrators begin planning, itemizing and prioritizing budgetary appropriations. Staffing requests, special request forms, and administrators budgets due to Director of Business Administration Board to certify to the PDE the total amount of tax credits due pursuant to the Sterling Act provisions December 15-30, 2007 December 26, 2007 December 31, 2007 January 1 15, 2008 Budget planning conferences for administrative team to prioritize special request items, district wide initiatives, and staffing requests Deadline for preliminary budget to go on display Mail annual Homestead/Farmstead notice The Director of Business Administration will be responsible for the budgeting the revenue and calculating the millage rate required to fund the budget.

14 BUDGET BUDGET TIMELINE January 5, 2008 January 7, 2008 Deadline for Board to give public notice of intent to adopt preliminary budget Finance Committee Meeting - Board Room, 7:00 PM The Superintendent and Director of Business Administration will present the preliminary budget January 14, 2008 January 28, 2008 January 31, 2008 February 4, 2008 Review and adopt the preliminary budget and tentative tax rates Submit proposed tax increase to PDE Advertise that school board is seeking an exception from the back-end referendum, if applicable. Finance Committee Meeting - Board Room, 7:00 PM February 7, 2008 PDE to inform districts if proposed tax increase complies with or exceeds the index. Submit exception filings to the court or PDE February 27, 2008 March 3, 2008 April 7, 2008 April 15, 2008 May 1, 2008 Court/PDE to rule and inform districts if exceptions have been granted or denied Finance Committee Meeting - Board Room, 7:00 PM Finance Committee Meeting - Board Room, 7:00 PM PDE certifies amount of funds available in the property tax relief fund. PDE notifies districts of property tax relief allocation Chester County submit Homestead/Farmstead report to district May 5, 2008 May 12, 2008 May 30, 2008 June 2, 2008 June 9, 2008 Finance Committee Meeting - Board Room, 7:00 PM Adopt the preliminary final budget Give public notice of intent to adopt final budget Finance Committee Meeting - Board Room, 7:00 PM Adopt the budget and tax structure Print and display the budget

15 BUDGET THIS PAGE WAS INTENTIONALLY LEFT BLANK

16 Financial

17 BUDGET SUMMARY OF GENERAL FUND BUDGET GENERAL FUND REVENUES Local Taxes $ 51,684,076 Interest on Investments 360,000 Other Local Revenue 615,000 State Revenue 11,943,375 Federal Revenue 923,732 TOTAL REVENUES 65,526,183 EXPENDITURES Regular Programs 25,221,036 Special Programs 8,364,271 Vocational Programs 606,678 Other Instructional Programs 311,534 Pupil Services 1,744,047 Instructional Support 2,163,887 Administrative Support 2,725,172 Health Services 621,611 Business Support 823,289 Maintenance Support 6,373,648 Student Transportation 4,540,342 Central Support 1,434,650 Intermediate Unit Support 36,687 Student Activities 948,987 Site/Facilities Improvement 120,000 Budget Reserve 882,065 Principal 4,280,000 Interest 4,328,279 TOTAL EXPENDITURES 65,526,183 OTHER FINANCING SOURCES (USES) Operating Transfer In/(Out) - EXCESS (DEFICIENCY) OF REVENUES AND OTHER SOURCES (USES) OVER EXPENDITURES - FUND BALANCES UNRESERVED & UNDESIGNATED - JULY 1, ,939,008 FUND BALANCES UNRESERVED & UNDESIGNATED - JUNE 30, ,939,008 7

18 BUDGET SUMMARY OF REVENUES AND EXPENDITURES (by function) % OF EACH % CHANGE OVER CATEGORY FUNCTION DESCRIPTION BUDGET BUDGET BUDGET TO TOTAL REVENUES 6000 Local Sources $ 51,383,229 $ 52,659, % 80.36% 7000 State Sources 9,881,674 11,943, % 18.23% 8000 Federal Sources 567, , % 1.41% 0000 Fund Balance Appropriation - - *** 0.00% Total Revenue 61,832,882 65,526, % % EXPENDITURES 1000 Instructional 33,143,514 34,503, % 61.57% 2000 Support Services 19,597,995 20,463, % 36.52% 3000 Student Activities 957, , % 1.69% 4000 Site/Facilities Improvement 160, , % 0.21% Total Expenditures 53,858,850 56,035, % % OTHER FINANCING USES 5000 Debt Service 7,376,762 8,608, % 90.71% 5000 Budgetary Reserve 597, , % 9.29% Total Other Financing Uses 7,974,032 9,490, % % TOTAL EXPENDITURES & OTHER FINANCING USES $ 61,832,882 $ 65,526, % % 8

19 SUMMARY OF EXPENDITURES AND OTHER FINANCING USES (by object) % OF EACH % CHANGE OVER CATEGORY OBJECT DESCRIPTION BUDGET BUDGET BUDGET TO TOTAL 100 Salaries $ 27,167,165 $ 28,830, % 44.00% 200 Employee Benefits 9,085,234 9,371, % 14.30% 300 Professional Services 3,984,972 4,080, % 6.23% 400 Purchased Property Services 2,232,895 2,241, % 3.42% 500 Other Contracted Services 7,544,567 8,390, % 12.81% 600 Books and Supplies 2,869,314 2,450, % 3.74% 700 Equipment 840, , % 0.80% 800 Other Objects 3,968,510 5,352, % 8.17% 900 Other Uses of Funds 4,140,000 4,280, % 6.53% TOTAL EXPENDITURES $ 61,832,882 $ 65,526, % % 9

20 BUDGET COMPARISON OF REVENUES BUDGET TO BUDGET FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 6000 REVENUE SOURCES 6111 Current Real Estate Taxes $ 42,778,785 $ 44,920,662 $ 2,141, % 6112 Interim Real Estate Taxes 1,351,444 1,150,414 (201,030) % 6113 Utility Taxes 63,000 63, % 6151 Earned Income 3,200,000 3,200, % 6153 Realty Transfer Tax 1,450,000 1,250,000 (200,000) % 6411 Delinquent Real Estate Taxes 1,100,000 1,100, % 6510 Investment Earnings 850, ,000 (490,000) % 6832 IDEA 490, ,000 25, % 6900 Rental/Other Income 100, , % 6990 Misc/Student Activities *** TOTAL LOCAL SOURCES 51,383,229 52,659,076 1,275, % 7000 STATE SOURCES 7110 State Basic Subsidy 3,509,646 3,961, , % 7142 Charter Schools 442, ,000 97, % 7160 Tuition-Orphans *** 7271 Special Education 1,607,418 1,649,505 42, % 7291 Educational Assistance 160, , % 7310 Transportation 1,397,657 1,550, , % 7320 Authority Rental Reimbursement 380, ,343 76, % 7330 Medical & Dental Reimbursement 82,000 83,000 1, % 7340 Property Tax Reduction Allocation - 1,406,690 1,406,690 *** 7501 Accountability Grant 307, ,226 46, % 7810 FICA Reimbursement 1,028,853 1,084,410 55, % 7820 Retirement Reimbursement 966, ,301 (267,997) % TOTAL STATE SOURCES 9,881,674 11,943,375 2,061, % 8000 FEDERAL SOURCES 8000 Other Federal Grants *** 8514 Title I 299, ,832 51, % 8515 Title II 114, , % 8516 Title III 150, ,001 (6,913) -4.58% 8517 Title IV - 21st Century - 130, ,001 *** 8518 Title V 3,743 3,642 (101) -2.70% 8810 Medical Assistance Reimbursement - 180, ,000 *** TOTAL FEDERAL SOURCES 567, , , % 0000 OTHER APPROPRIATIONS 0000 Fund Balance Appropriation *** TOTAL OTHER APPROPRIATIONS *** TOTAL ALL REVENUE SOURCES $ 61,832,882 $ 65,526,183 $ 3,693, % 10

21 BUDGET COMPARISON OF EXPENDITURES BUDGET TO BUDGET FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 1100 REGULAR PROGRAMS 100 Salaries $ 16,486,945 $ 17,337,975 $ 851, % 200 Employee Benefits 5,510,586 5,753, , % 300 Purchased Prof. Services 297, ,626 (104,449) % 400 Purchased Prop. Services 25,848 24,980 (868) -3.36% 500 Other Contracted Services 1,244,495 1,258,373 13, % 600 Books/Supplies 680, ,122 (55,926) -8.22% 700 Equipment 282,232 29,500 (252,732) % 800 Other Objects *** TOTAL REGULAR PROGRAMS 24,527,229 25,221, , % 1200 SPECIAL PROGRAMS 100 Salaries 2,561,474 2,736, , % 200 Employee Benefits 979,211 1,003,200 23, % 300 Purchased Prof. Services 3,136,299 3,225,509 89, % 400 Purchased Prop. Services *** 500 Other Contracted Services 1,168,379 1,343, , % 600 Books/Supplies 48,000 48, % 700 Equipment 7,000 7, % 800 Other Objects *** TOTAL SPECIAL PROGRAMS 7,900,363 8,364, , % 1300 VOCATIONAL PROGRAMS 500 Other Contracted Services 611, ,678 (4,322) -0.71% TOTAL VOCATIONAL PROGRAMS 611, ,678 (4,322) -0.71% 1400 OTHER INSTRUCTIONAL PROGRAMS 100 Salaries 13, , , % 200 Employee Benefits 1,922 1, % 300 Purchased Prof. Services *** 400 Purchased Prop. Services *** 500 Other Contracted Services 90, ,612 44, % 600 Books/Supplies *** 700 Equipment *** 800 Other Objects *** TOTAL OTHER INSTRUCTIONAL PROGRAMS 104, , , % 2100 PUPIL SERVICES 100 Salaries 1,091,782 1,225, , % 200 Employee Benefits 366, ,135 23, % 300 Purchased Prof. Services 38,500 95,500 57, % 400 Purchased Prop. Services *** 500 Other Contracted Services 7,000 11,515 4, % 600 Books/Supplies 37,850 19,750 (18,100) % 700 Equipment - 1,000 1,000 *** 800 Other Objects 1,950 1,200 (750) % TOTAL PUPIL SERVICES 1,543,135 1,744, , % 11

22 BUDGET COMPARISON OF EXPENDITURES BUDGET TO BUDGET FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 2200 INSTRUCTIONAL SUPPORT 100 Salaries 1,100,411 1,130,405 29, % 200 Employee Benefits 321, ,954 (5,749) -1.79% 300 Purchased Prof. Services 114, ,612 20, % 400 Purchased Prop. Services 9,172 9, % 500 Other Contracted Services 29,428 31,442 2, % 600 Books/Supplies 538, ,624 (43,004) -7.98% 700 Equipment 48,807 38,600 (10,207) % 800 Other Objects 7,654 7, % TOTAL INSTRUCTIONAL SUPPORT 2,170,058 2,163,887 (6,171) -0.28% 2300 ADMINISTRATIVE SUPPORT 100 Salaries 1,808,304 1,859,597 51, % 200 Employee Benefits 475, , % 300 Purchased Prof. Services 160, ,250 16, % 400 Purchased Prop. Services *** 500 Other Contracted Services 105, ,600 4, % 600 Books/Supplies 26,206 25,138 (1,068) -4.08% 700 Equipment 28,315 17,400 (10,915) % 800 Other Objects 58,631 60,500 1, % TOTAL ADMINISTRATIVE SUPPORT 2,662,518 2,725,172 62, % 2400 HEALTH SERVICES 100 Salaries 402, ,681 27, % 200 Employee Benefits 166, ,583 1, % 300 Purchased Prof. Services 1,325 1, % 400 Purchased Prop. Services 1,331 1, % 500 Other Contracted Services % 600 Books/Supplies 18,486 18, % 700 Equipment 1,625 1, % 800 Other Objects *** TOTAL HEALTH SERVICES 592, ,610 29, % 2500 BUSINESS SUPPORT 100 Salaries 553, ,458 (8,817) -1.59% 200 Employee Benefits 182, ,491 (25,946) % 300 Purchased Prof. Services 47,200 61,940 14, % 400 Purchased Prop. Services % 500 Other Contracted Services 16,900 14,800 (2,100) % 600 Books/Supplies 21,500 17,500 (4,000) % 700 Equipment 15,000 10,100 (4,900) % 800 Other Objects 19,250 17,500 (1,750) -9.09% TOTAL BUSINESS SUPPORT 856, ,289 (32,773) -3.83% 2600 MAINTENANCE SUPPORT 100 Salaries 1,982,374 2,174, , % 200 Employee Benefits 768, ,616 46, % 300 Purchased Prof. Services 51,088 51, % 400 Purchased Prop. Services 2,028,452 2,077,907 49, % 500 Other Contracted Services 312, ,769 5, % 600 Books/Supplies 856, ,868 6, % 700 Property 70,246 55,137 (15,109) % 800 Other Objects 18,025 18, % TOTAL MAINTENANCE SUPPORT 6,087,605 6,373, , % 12

23 BUDGET COMPARISON OF EXPENDITURES BUDGET TO BUDGET FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 2700 STUDENT TRANSPORTATION 100 Salaries 96, ,790 4, % 200 Employee Benefits 40,489 39,938 (551) -1.36% 300 Purchased Prof. Services 5,000 10,000 5, % 400 Purchased Prop. Services 4,000 4, % 500 Other Contracted Services 3,715,139 4,317, , % 600 Books/Supplies 420,300 32,750 (387,550) % 700 Equipment 30,000 25,000 (5,000) % 800 Other Objects 2,000 10,200 8, % TOTAL STUDENT TRANSPORTATION 4,313,297 4,540, , % 2800 CENTRAL SUPPORT 100 Salaries 564, ,126 27, % 200 Employee Benefits 168, ,124 (4,366) -2.59% 300 Purchased Prof. Services 58,000 44,500 (13,500) % 400 Purchased Prop. Services *** 500 Other Contracted Services 91,400 90,400 (1,000) -1.09% 600 Books/Supplies 97, , , % 700 Equipment 354, ,000 (15,000) -4.24% 800 Other Objects 3,000 3, % TOTAL CENTRAL SUPPORT 1,336,511 1,434,650 98, % 2900 INTERMEDIATE UNIT SUPPORT 500 Other Contracted Services 36,687 36, % TOTAL INTERMEDIATE UNIT SUPPORT 36,687 36, % 3200 STUDENT ACTIVITIES 100 Salaries 506, ,465 17, % 200 Employee Benefits 104,162 88,572 (15,590) % 300 Purchased Prof. Services 75,526 85,550 10, % 400 Purchased Prop. Services 3,592 3, % 500 Other Contracted Services 116, ,800 1, % 600 Books/Supplies 124, ,547 (20,991) % 700 Equipment 3,000 3, % 800 Other Objects 23,968 23,453 (515) -2.15% TOTAL STUDENT ACTIVITIES 957, ,987 (8,354) -0.87% 4000 SITE/FACILITIES IMPROVEMENT 400 Purchased Prop. Services 160, ,000 (40,000) *** 700 Property/Equipment *** TOTAL SITE/FACILITIES IMPROVEMENT 160, ,000 (40,000) % 5100 OTHER FINANCING 800 Serial Bonds-Interest 3,236,762 4,328,279 1,091, % 900 Serial Bonds-Principal 4,140,000 4,280, , % TOTAL OTHER FINANCING 7,376,762 8,608,279 1,231, % 5900 BUDGETARY RESERVE 800 Budget Reserve 597, , , % TOTAL BUDGETARY RESERVE 597, , , % TOTAL ALL FUNCTIONS $ 61,832,882 $ 65,526,183 $ 3,693, % 13

24 BUDGET SUMMARY REVENUE PERCENT BUDGET BUDGET INCREASE/ ACCOUNT DECREASE 6000 REVENUE FROM LOCAL SOURCES $51,383,229 $52,659, % 7000 REVENUE FROM STATE SOURCES 9,881,674 11,943, % 8000 REVENUE FROM FEDERAL SOURCES 567, , % 0000 FUND BALANCE APPROPRIATION % TOTAL REVENUE SERIES $61,832,882 $65,526, % REVENUES: Classified by type and source for the various funds of a school district, revenues are defined as additions to assets which do not increase any liability, do not represent the recovery of an expenditure, and do not represent the cancellation of certain liabilities or decrease in assets. (1) Revenue from LOCAL sources is the amount of money produced within the boundaries of the school district and available for use within the current fiscal year. (2) Revenue from STATE sources is revenue from funds produced within the boundaries of and collected by the State and distributed to school districts in amounts different proportionately from those which are collected within the district. (3) Revenue from FEDERAL sources is revenue from funds collected by the Federal Government and distributed to school districts in amounts that differ in proportion from those which are collected within the district. (4) FUND BALANCE APPROPRIATION represents those funds available from prior year s resources that have not been reserved for special purposes. 14

25 BUDGET COMPARISON OF REVENUES BUDGET TO BUDGET FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 6000 LOCAL SOURCES 6111 Current Real Estate Taxes $ 42,778,785 $ 44,920,662 $ 2,141, % 6112 Interim Real Estate Taxes 1,351,444 1,150,414 (201,030) % 6113 Utility Taxes 63,000 63, % 6151 Earned Income Tax 3,200,000 3,200, % 6153 Realty Transfer Tax 1,450,000 1,250,000 (200,000) % 6411 Delinquent Real Estate Taxes 1,100,000 1,100, % Total Property Taxes, Penalties and Interest 49,943,229 51,684,076 1,740, % 6510 Investment Earnings 850, ,000 (490,000) % Total Investment Earnings 850, ,000 (490,000) % 6832 Federal IDEA Pass-Through Revenue 490, ,000 25, % 6910 Rental Income 100, , % 6990 Miscellaneous Income *** Total Other Local Sources 590, ,000 25, % TOTAL LOCAL SOURCES 51,383,229 52,659,076 1,275, % 7000 STATE SOURCES 7110 State Basic Subsidy 3,509,646 3,961, , % 7142 Charter School Subsidy 442, ,000 97, % 7160 Private Tuition *** 7200 Other State Subsidies *** 7271 Special Education 1,607,418 1,649,505 42, % 7291 Educational Assistance 160, , % 7310 Transportation 1,397,657 1,550, , % 7320 Authority Rental Reimbursement 380, ,343 76, % 7330 Medical/Dental Reimbursement 82,000 83,000 1, % 7340 Property Tax Reducation Allocation - 1,406,690 1,406,690 *** 7501 Accountability Grant 307, ,226 46, % 7810 Social Security 1,028,853 1,084,410 55, % 7820 Retirement 966, ,301 (267,997) % TOTAL STATE SOURCES 9,881,674 11,943,375 2,061, % 8000 FEDERAL SOURCES 8000 Other Federal Grants *** 8514 Title I 299, ,832 51, % 8515 Title II 114, , % 8516 Title III 150, ,001 (6,913) -4.58% 8517 Title IV - 21st Century - 130, ,001 *** 8518 Title V 3,743 3,642 (101) -2.70% 8810 Medical Assistance Reimbursement - 180, ,000 *** TOTAL FEDERAL SOURCES 567, , , % 0000 OTHER APPROPRIATIONS 0000 Fund Balance Appropriation *** TOTAL OTHER APPROPRIATIONS *** TOTAL ALL REVENUE SOURCES $ 61,832,882 $ 65,526,183 $ 3,693, % 15

26 BUDGET EXPLANATION REVENUE 6111 Current Real Estate Taxes Real Estate Tax is the main source of revenue for funding the operation of the Kennett Consolidated School District. It is based on the assessed valuation of all taxable property within the School District. This year s tax is based on an assessed valuation of $2,063,975,628 and is estimated to be 97% collectable, resulting in a net budgetary value per mill of $2,002,056. The total millage required for is mills Interim Tax Interim Tax is revenue from the increase in assessed valuations of local property resulting from improvements or construction to that property during the school year. This year s estimate is based on historical data and the expected new construction in the area as determined by the number of building permits issued by municipalities Public Utility Realty Tax Lands and structures owned by public utilities and used in providing their services are subject to state taxation under Act 66 of The state collects and then distributes a prescribed sum among local taxing authorities including school districts and that payment of state tax in lieu of local taxes upon public utility realty Earned Income Tax Revenue received under Act 511 for taxes levied upon wages, salaries, commissions, net profits or other compensation of those who earn income within the taxing jurisdiction of the LEA. The School Board enacted an earned income tax effective October 1, 1997 in an effort to offset a portion of the real estate taxes Transfer Tax Transfer Tax is revenue collected by the County Recorder of Deeds on the value of all real estate property within the district boundaries sold during the year. This tax is equal to one half of one percent of the value of the property being sold and is paid at the time of the transfer. This year s estimate is based on historical data and anticipated housing trends for the area Delinquent Real EstateTax Revenue received from taxes assessed and levied upon real property, which have become delinquent Investment Earnings Revenue received by investing school district money as it becomes available. This year s estimate assumes an average interest rate of 4.6% on investments plus additional earnings on invested cash balances in money market and savings accounts. Investments are made on a competitive basis with quotes obtained from major area banks, PLGIT, Pennsylvania Liquid Asset Fund pooled funds, and certificate placement programs Federal IDEA Revenue Received as Pass Through Federal IDEA revenue received by a school entity passed through from a primary recipient Rental Income Rental is revenue received from various governmental bodies, organizations, and civic groups for the rental of the district s buildings and facilities. 16

27 BUDGET EXPLANATION REVENUE 6940 Tuition Income Tuition Income is the revenue collected from students with primary residence outside of the School District boundaries at a rate established annually by the Department of Education Miscellaneous Revenue from local sources not classified elsewhere Basic Education Funding Basic Education Funding is the primary source of state funding provided to local school districts. Each school district s share of this subsidy is based on a formula that takes into account the district s average daily membership (weighted), market value (Aid Ratio), personal income (Aid Ratio), Local Tax Effort, enrollment growth trends, and other provisions too numerous to discuss in this format Charter Schools Revenue received by a school district from the Commonwealth of PA for temporary financial assistance on behalf of students enrolled in charter schools who attended a nonpublic school in the prior fiscal year. The grant payment is based on formula and is limited to the transition year Tuition (Section 1305 & 1306) Revenue received from the Commonwealth as tuition for children who are orphans and/or children who are placed in private homes by the court. Payments are made in accordance with Sections 1305 and 1306 of the School Code Special Education Special Education revenue is reimbursement from the state for the operation of mandated special education programs. The subsidy is formula generated based on the total number of pupils in attendance at the school Educational Assistance Program (Tutoring) Revenue received as part of the Tutoring Initiative authorized by Act 48 of Transportation Transportation is a reimbursement to school districts for the operation of a school busing program in compliance with state laws and regulations. It is not required that each district operate a busing program, but if it does, it must comply with the state laws and regulations and is then eligible for reimbursement based on the number of students transported, miles driven, and other approved factors Rental Subsidy Revenue received from the Commonwealth as a full or partial subsidy payment on account of approved lease rentals, sinking fund obligations, or any approved LEA debt obligations for which the Department of Education has assigned a lease number Heath Services (Medical, Dental, and Nurse) Revenue received from the Commonwealth as subsidy designated as medical, dental, and nurse services. Payments are made in accordance with Section of the Public School Code. 17

28 BUDGET EXPLANATION REVENUE 7340 Property Tax Reduction Allocation Revenue received from the Commonwealth for property tax relief PA Accountability Grants Revenue received from the Commonwealth of PA authorized by Act 48 of 2003 for school districts to implement research-based programs to boost student achievement State Share of Social Security and Medicare Taxes Revenue received from the Commonwealth as subsidy designated as the Commonwealth's matching share of the employer s contribution of the Social Security and Medicare Taxes for covered employees who are not federally funded State Share of Retirement Contributions Revenue received from the Commonwealth as subsidy designated as the Commonwealth s matching share of the employer s contribution of Retirement Contributions for active members of the Public School Employees Retirement System ECIA Title 1 Revenue received for the education of disadvantaged children under the Elementary and Secondary Education Consolidation and Improvement Act (ESEA) Public Law This assists students with reading problems NCLB, Title I Improving the Academic Achievement of the Disadvantaged Revenue received for the education of disadvantaged children under NCLB, Title I. Funding for programs such as Comprehensive School Reform Program, Reading First, Even Start and Improving Literacy Through Libraries (list not all inclusive) should be recorded in this account 8515 NCLB, Title II Preparing, Training and Recruiting High Quality Teachers and Principals Revenue received for the education of children under NCLB Title II. Improving Teacher Quality, and Eisenhower Professional Development (list not all inclusive) are samples of funding NCLB, Title III Language Instruction for Limited English Proficient and Immigrant Students Revenue received for the education of children under NCLB, Title III. Includes Grants for English Language Acquisition, and Technology Literacy Challenge (list not all inclusive) NCLB, Title IV, 21 st Century Schools Revenue received for the education of children under NCLB Title IV. Includes funding for Safe and Drug-Free Schools and Communities, and 21 st Century Learning Communities (list not all inclusive) NCLB, Title V Promoting Informed Parental Choice and Innovative Programs Revenue received for the education of children under NCLB, Title V. Includes Innovative Programs, and Smaller Learning Communities (list not all inclusive). Also record Federal Funds for Public Charter Schools to Charter Schools ( Charter School Now Federal Startup Funds) Fund Balance Appropriation Fund Balance Appropriation represents the equity of prior years operations that is being committed to the operation. 18

29 BUDGET SUMMARY INSTRUCTIONAL 1000 SERIES PERCENT BUDGET BUDGET INCREASE/ ACCOUNT DECREASE 1100 REGULAR INSTRUCTION $24,527,229 $25,221, % 1200 SPECIAL EDUCATION PROGRAMS 7,900,363 8,364, % 1300 VOCATIONAL EDUCATION PROGRAMS 611, , % 1400 OTHER INSTRUCTIONAL PROGRAMS 104, , % TOTAL INSTRUCTIONAL 1000 SERIES $33,143,514 $34,503, % INSTRUCTION: The activities dealing directly with the interaction between teachers and students. Teaching may be provided for students in a school classroom, in another location such as a home or hospital, and in other learning situations such as those involving co-curricular activities. It may also be provided through some other approved medium such as television, radio, telephone, and correspondence. Also included here are the activities of aides or classroom assistants of any type that assist in the instructional process. 19

30 BUDGET COMPARISON OF EXPENDITURES INSTRUCTIONAL SERIES FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 1100 REGULAR PROGRAMS 100 Salaries $ 16,486,945 $ 17,337,975 $ 851, % 200 Employee Benefits 5,510,586 5,753, , % 300 Purchased Prof. Services 297, ,626 (104,449) % 400 Purchased Prop. Services 25,848 24,980 (868) -3.36% 500 Other Contracted Services 1,244,495 1,258,373 13, % 600 Books/Supplies 680, ,122 (55,926) -8.22% 700 Equipment 282,232 29,500 (252,732) % 800 Other Objects *** TOTAL REGULAR PROGRAMS 24,527,229 25,221, , % 1200 SPECIAL PROGRAMS 100 Salaries 2,561,474 2,736, , % 200 Employee Benefits 979,211 1,003,200 23, % 300 Purchased Prof. Services 3,136,299 3,225,509 89, % 400 Purchased Prop. Services *** 500 Other Contracted Services 1,168,379 1,343, , % 600 Books/Supplies 48,000 48, % 700 Equipment 7,000 7, % 800 Other Objects *** TOTAL SPECIAL PROGRAMS 7,900,363 8,364, , % 1300 VOCATIONAL PROGRAMS 500 Other Contracted Services 611, ,678 (4,322) -0.71% TOTAL VOCATIONAL PROGRAMS 611, ,678 (4,322) -0.71% 1400 OTHER INSTRUCTIONAL PROGRAMS 100 Salaries 13, , , % 200 Employee Benefits 1,922 1, % 300 Purchased Prof. Services *** 400 Purchased Prop. Services *** 500 Other Contracted Services 90, ,612 44, % 600 Books/Supplies *** 700 Equipment *** 800 Other Objects *** TOTAL OTHER INSTRUCTIONAL PROGRAMS 104, , , % 1000 TOTAL $ 33,143,514 $ 34,503,519 $ 1,360, % 20

31 BUDGET EXPLANATION INSTRUCTIONAL SERIES 1100 REGULAR PROGRAMS: Elementary and Secondary programs include activities designed to provide students (K thru 12) with the learning experiences to prepare them for activities as citizens, family members, and non-vocational workers as contrasted with programs designed to improve or overcome physical, mental, social and/or emotional handicaps. 100 Salaries: The money budgeted for elementary (K thru 5) and secondary (6 thru 12) teaching positions, teacher aide positions and reading tutors. Also included are the budgeted salaries for teachers on sabbatical leaves and the money for their replacements. This account also includes the money for department chairpersons, tutoring programs and substitute teachers. Salaries are based on the existing Collective Bargaining Agreement for KEA positions. $16,486,945 $17,337, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees' Retirement Fund (at 4.76%) and Social Security Fund (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. Money is also budgeted in this account to provide payment of eligible retirees' health insurance and severance awards. $5,510,586 $5,753, Professional Services: Those services provided by independent persons or firms with specialized skills or knowledge, including contracted instructional services and curriculum improvement programs. $297,075 $192, Purchased Property Services: Those services provided by an outside agency, firm, or individual to operate, repair, or maintain equipment used in the regular instruction program. $25,848 $24, Other Purchased Services: Includes the cost of field trips, teacher travel, and tuition paid to charter schools and other school districts. $1,244,495 $1,258, Supplies: Supplies used in the operation of the schools, including textbooks, workbooks, art, and general supplies, and to address the cost related to the No Child Left Behind (NCLB) initiative from the federal government. $680,048 $624,122 21

32 BUDGET EXPLANATION INSTRUCTIONAL SERIES 1100 REGULAR PROGRAMS - continued 700 Property: Equipment which is purchased for the instructional programs in the schools such as science, physical education, industrial arts, business education, musical instruments, and classroom furniture. $282,232 $29,500 22

33 BUDGET EXPLANATION INSTRUCTIONAL SERIES 1200 SPECIAL PROGRAMS: Activities designed primarily for students having special needs. These special programs include services for the gifted, learning disabled and physically handicapped students. 100 Salaries: Money budgeted for itinerant gifted teachers, speech and hearing teachers, learning support teachers, and instructional assistants. Salaries are based on the existing Collective Bargaining Agreement for KEA positions $2,561,474 $2,721, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees' Retirement Fund (at 4.76%) and Social Security Fund (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. Money is also budgeted in this account to provide payment for unused sick leave of eligible employees and payment of eligible retirees' health insurance. $979,211 $1,020, Professional Services: Those services provided by independent persons or firms with specialized skills or knowledge, including contracted instructional services and curriculum improvement programs. This section includes payment for services provided by the Chester County Intermediate Unit. $3,136,299 $3,225, Other Purchased Services: Includes the cost of field trips, teacher travel, and tuition paid to other school districts. In addition, tuition charges for approved private school, non-traditional placements, residential placements, and non-public school placements. $1,168,379 $1,343, Supplies: Supplies used in the operation of the schools, including textbooks, workbooks, art, and general supplies, and to address the cost related to the No Child Left Behind (NCLB) initiative from the federal government. $48,000 $55, Property: Equipment which is purchased for the instructional programs in the schools such as science, physical education, industrial arts, business education, musical instruments, and classroom furniture. $7,000 $7,000 23

34 BUDGET EXPLANATION INSTRUCTIONAL SERIES 1300 VOCATIONAL PROGRAMS: PDE approved programs under public supervision and control that provide organized learning experiences designed to develop skills, knowledge, attitudes and work habits in order to prepare students for entrance into and progress through various levels of employment in occupational fields including agriculture, business, distribution, health, gainful and useful home economics, and trade and industry. 500 Other Purchased Services: Money budgeted for the school district s share of the operating costs of the Center for Arts and Technology, Brandywine Campus. $611,000 $606,678 24

35 BUDGET EXPLANATION INSTRUCTIONAL SERIES 1400 OTHER INSTRUCTIONAL PROGRAMS: Elementary and secondary programs include those activities that provide students (grades K thru 12) with learning experiences not included in the regular, special education, or vocational education programs. This includes the Summer Enrichment Program, Driver Education Program, Homebound Instruction, Alternative Regular Education Programs, and Federal Instructional Programs. 100 Salaries: The money budgeted for elementary (K thru 5) and secondary (6 thru 12) teaching positions, teacher aide positions and reading tutors. Also included are the budgeted salaries for teachers on sabbatical leaves and the money for their replacements. Salaries are based on the existing Collective Bargaining Agreement for KEA positions. $13,000 $13, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees' Retirement Fund (at 4.76%) and Social Security Fund (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. Money is also budgeted in this account to provide payment for unused sick leave of eligible employees and payment of eligible retirees' health insurance. $1,922 $1, Other Purchased Services: Includes the cost of field trips, teacher travel, and tuition paid to other school districts. $90,000 $134,612 25

36 BUDGET SUMMARY SUPPORT SERVICES 2000 SERIES PERCENT BUDGET BUDGET INCREASE/ ACCOUNT DECREASE 2100 PUPIL PERSONNEL SERVICES $1,543,135 $1,744, % 2200 INSTRUCTIONAL STAFF SERVICES 2,170,058 2,163, % 2300 ADMINISTRATION 2,662,518 2,725, % 2400 PUPIL HEALTH SERVICES 592, , % 2500 BUSINESS ADMINISTRATION 856, , % 2600 PLANT OPERATION / MAINTENANCE 6,087,605 6,373, % 2700 PUPIL TRANSPORTATION 4,313,297 4,540, % 2800 INFORMATION SERVICES 1,336,511 1,434, % 2900 OTHER SUPPORT SERVICES 36,687 36, % TOTAL SUPPORT SERVICES 2000 SERIES $19,597,995 $20,463, % SUPPORT SERVICES: Those services that provide administrative, technical (such as guidance and health), and logistical support to facilitate and enhance instruction. Support services exist as adjuncts for the fulfillment of the objectives of instruction, community services and enterprise programs, rather than as entities within themselves. 26

37 BUDGET COMPARISON OF EXPENDITURES SUPPORT SERVICES SERIES FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 2100 PUPIL SERVICES 100 Salaries $ 1,091,782 $ 1,225,947 $ 134, % 200 Employee Benefits 366, ,135 23, % 300 Purchased Prof. Services 38,500 95,500 57, % 400 Purchased Prop. Services *** 500 Other Contracted Services 7,000 11,515 4, % 600 Books/Supplies 37,850 19,750 (18,100) % 700 Equipment - 1,000 1,000 *** 800 Other Objects 1,950 1,200 (750) % TOTAL PUPIL SERVICES 1,543,135 1,744, , % 2200 INSTRUCTIONAL SUPPORT 100 Salaries 1,100,411 1,130,405 29, % 200 Employee Benefits 321, ,954 (5,749) -1.79% 300 Purchased Prof. Services 114, ,612 20, % 400 Purchased Prop. Services 9,172 9, % 500 Other Contracted Services 29,428 31,442 2, % 600 Books/Supplies 538, ,624 (43,004) -7.98% 700 Equipment 48,807 38,600 (10,207) % 800 Other Objects 7,654 7, % TOTAL INSTRUCTIONAL SUPPORT 2,170,058 2,163,887 (6,171) -0.28% 2300 ADMINISTRATIVE SUPPORT 100 Salaries 1,808,304 1,859,597 51, % 200 Employee Benefits 475, , % 300 Purchased Prof. Services 160, ,250 16, % 400 Purchased Prop. Services *** 500 Other Contracted Services 105, ,600 4, % 600 Books/Supplies 26,206 25,138 (1,068) -4.08% 700 Equipment 28,315 17,400 (10,915) % 800 Other Objects 58,631 60,500 1, % TOTAL ADMINISTRATIVE SUPPORT 2,662,518 2,725,172 62, % 2400 HEALTH SERVICES 100 Salaries 402, ,681 27, % 200 Employee Benefits 166, ,584 1, % 300 Purchased Prof. Services 1,325 1, % 400 Purchased Prop. Services 1,331 1, % 500 Other Contracted Services % 600 Books/Supplies 18,486 18, % 700 Equipment 1,625 1, % 800 Other Objects *** TOTAL HEALTH SERVICES $ 592,122 $ 621,611 $ 29, % 27

38 BUDGET COMPARISON OF EXPENDITURES SUPPORT SERVICES SERIES FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 2500 BUSINESS SUPPORT 100 Salaries 553, ,458 (8,817) -1.59% 200 Employee Benefits 182, ,491 (25,946) % 300 Purchased Prof. Services 47,200 61,940 14, % 400 Purchased Prop. Services % 500 Other Contracted Services 16,900 14,800 (2,100) % 600 Books/Supplies 21,500 17,500 (4,000) % 700 Equipment 15,000 10,100 (4,900) % 800 Other Objects 19,250 17,500 (1,750) -9.09% TOTAL BUSINESS SUPPORT 856, ,289 (32,773) -3.83% 2600 MAINTENANCE SUPPORT 100 Salaries 1,982,374 2,174, , % 200 Employee Benefits 768, ,615 46, % 300 Purchased Prof. Services 51,088 51, % 400 Purchased Prop. Services 2,028,452 2,077,907 49, % 500 Other Contracted Services 312, ,769 5, % 600 Books/Supplies 856, ,868 6, % 700 Equipment 70,246 55,137 (15,109) % 800 Other Objects 18,025 18, % TOTAL MAINTENANCE SUPPORT 6,087,605 6,373, , % 2700 STUDENT TRANSPORTATION 100 Salaries 96, ,790 4, % 200 Employee Benefits 40,489 39,938 (551) -1.36% 300 Purchased Prof. Services 5,000 10,000 5, % 400 Purchased Prop. Services 4,000 4, % 500 Other Contracted Services 3,715,139 4,317, , % 600 Books/Supplies 420,300 32,750 (387,550) % 700 Equipment 30,000 25,000 (5,000) % 800 Other Objects 2,000 10,200 8, % TOTAL STUDENT TRANSPORTATION 4,313,297 4,540, , % 2800 CENTRAL SUPPORT 100 Salaries 564, ,126 27, % 200 Employee Benefits 168, ,124 (4,366) -2.59% 300 Purchased Prof. Services 58,000 44,500 (13,500) % 400 Purchased Prop. Services *** 500 Other Contracted Services 91,400 90,400 (1,000) -1.09% 600 Books/Supplies 97, , , % 700 Equipment 354, ,000 (15,000) -4.24% 800 Other Objects 3,000 3, % TOTAL CENTRAL SUPPORT 1,336,511 1,434,650 98, % 2900 INTERMEDIATE UNIT SUPPORT 500 Other Contracted Services 36,687 36, % TOTAL INTERMEDIATE UNIT SUPPORT 36,687 36, % TOTAL $ 19,597,995 $ 20,463,333 $ 865, % 28

39 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2100 PUPIL SERVICES: Activities designed to assess and improve the well-being of students, to supplement the teaching process, and meet the provisions of Article XIII of the Public School Code of 1949, as amended. 100 Salaries: The money budgeted for guidance counselors, guidance secretaries, and school psychologists. Salaries are based on the existing Collective Bargaining Agreement for KEA positions. $1,091,782 $1,225, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees Retirement Fund (at 4.76%) and Social Security Fund (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. Money is also budgeted in this account to provide payment for unused sick leave of eligible employees. $366,053 $389, Professional Services: Those services provided by independent persons or firms with specialized skills or knowledge, including contracted instructional services and curriculum improvement programs. The money budgeted in this area is to provide for psychological services and counseling services to be used in the evaluation process and development of the student data base. $38,500 $95, Other Purchased Services: Money budgeted to provide transportation (both in and out of district), meals, lodging and associated expenses incurred by staff members traveling on school district business, for printing of materials used in the guidance department, and for cellular communications. This includes travel by the district's guidance counselors, Director of Pupil Services and Special Education, psychologists, attendance officer, and census enumerators. $7,000 $11, Supplies: All items of an expendable nature which are purchased for use in the guidance, psychological, attendance, and pupil services functions of the district. $37,850 $19, Equipment: Money budgeted for equipment used by the district's guidance, pupil services, psychologists, speech pathologists, and child accounting offices. $0 $1,000 29

40 BUDGET EXPLANATION SUPPORT SERVICES SERIES 800 Other Objects: Money budgeted for dues, fees and memberships in professional organizations or associations. $1,950 $1,200 30

41 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2200 INSTRUCTIONAL SERVICES: Those activities associated with assisting the instructional staff in improving the content and process of providing learning experiences for students. These activities include audio-visual/multi-media services, library operations, curriculum development, and staff development. 100 Salaries: Money budgeted for librarians, library clerks, the Director of Instruction and her secretary, as well as teachers compensation for staff development and writing new curricula. Salaries are based on the existing Collective Bargaining for KEA positions. A prorated portion of the salaries for the Director of Pupil Services and Special Education and her secretary are also budgeted here. $1,100,411 $1,130, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees' Retirement Fund (at 4.76%) and Social Security Fund (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, tuition reimbursement, unemployment compensation, and workers' compensation insurance for the staff working in these programs. Money is also budgeted in this account to provide payment for unused sick leave of eligible employees. $321,703 $315, Professional Services: Those services provided by independent persons or firms with specialized skills or knowledge, including the district's matching contribution to grants. $114,255 $134, Purchased Property Services: Those services provided by an outside agency, firm or individual to operate, repair or maintain the equipment used in the audio-visual, library, and television studios. $9,172 $9, Other Purchased Services: Money budgeted to provide transportation (both in and out of district), meals, lodging, and associated expenses incurred by staff members traveling on school district business. This includes travel by the district's curriculum administrators, librarians, and audio-visual center personnel. $29,428 $31,942 31

42 2200 INSTRUCTIONAL SERVICES - continued KENNETT CONSOLIDATED SCHOOL DISTRICT BUDGET EXPLANATION SUPPORT SERVICES SERIES 600 Supplies: All items of an expendable nature which are purchased for use in the curriculum development offices, the school libraries, and audio-visual services. This includes paper, pencils, books, periodicals, audio-visual supplies, etc. $538,628 $495, Property: Money budgeted for equipment which is purchased for use as an aid to the teaching-learning process and in the curriculum development process. $48,807 $38, Other Objects: Money budgeted for dues, fees and memberships in professional organizations or associations. $7,654 $7,850 32

43 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2300 ADMINISTRATION: Those activities concerned with recommending new policies, administering existing policies, and the developing and implementing procedures in connection with the operation of the school district. It also includes the services of those professional, independent, and separate agencies or individuals that are elected, appointed, or retained to assist in the administration. 100 Salaries: Money budgeted for the District Superintendent, Principals, Assistant Principals. Secretaries, and Secretarial Substitutes. Also included in this account is money budgeted for tax collection activities. $1,808,304 $1,859, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees' Retirement Fund (at 4.76%) and Social Security Fund (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, deferred compensation and workers' compensation insurance for the staff working in these programs. $475,149 $475, Professional Services: Those services provided by outside agencies, independent persons, or firms with specialized knowledge of skills. The money budgeted in this account will provide for contracted legal, tax collection and administrative services. $160,704 $177, Other Purchased Services: Money budgeted to provide transportation (both in and out of the district) meals, lodging and associated expenses incurred by staff members traveling on school district business. Also included in this account is the money budgeted to provide bonds for elected and appointed officials, advertising of school board information, legal fees and printing of school information. $105,209 $109, Supplies: All items of an expendable nature which are purchased for use in the administering of the school district's operation. These supplies include general supplies (such as paper and pencils), books and periodicals, and tax collection supplies. $26,206 $25,138 33

44 2300 ADMINISTRATION - continued KENNETT CONSOLIDATED SCHOOL DISTRICT BUDGET EXPLANATION SUPPORT SERVICES SERIES 700 Property: Money budgeted for equipment to be used in the school administrative process. This includes equipment for the principal's office and other areas of the school s non-instructional operations. $28,315 $17, Other Objects: Money budgeted for the dues, fees and memberships in professional organizations and associations. $58,631 $60,500 34

45 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2400 HEALTH SERVICES PROGRAMS: Activities that provide physical and mental health services which are not part of curriculum and instruction. Included are activities that provide students and staff with appropriate medical, dental, and nursing services as required by the state. 100 Salaries: Money budgeted for registered and licensed practical nurses who provide services to both public and non-public students. Salaries are based on the existing Collective Bargaining Agreement for KEA positions. $402,740 $430, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees Retirement Fund (at 4.76%) and Social Security Fund (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. Money is also budgeted in this account to provide payment for unused sick leave of eligible employees. $166,415 $167, Professional Services: Those services provided by independent persons or firms with specialized skills or knowledge. These skills include contracted dental services. $1,325 $1, Purchased Property Services: Those services provided by an outside agency, firm or individual to repair or maintain equipment used in the health services programs. Also included in this account is money for pre-employment physicals and administrative annual physicals. $1,331 $1, Other Purchased Services: Money budgeted to provide transportation (both in and out of district), meals, lodging and associated expenses to staff members traveling on school district business. $200 $ Supplies: All items of an expendable nature which are purchased for use in the health program. These supplies include first aid supplies, paper, pencils, etc. $18,486 $18,636 35

46 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2400 HEALTH SERVICES PROGRAMS - continued 700 Property: Money budgeted for equipment needed in the health suites in the district's schools. $1,625 $1,700 36

47 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2500 BUSINESS SERVICES: Those activities concerned with the administering of the district's business functions, the accounting of the district's receipts, expenditures, and physical inventories, and the purchasing of goods and services and the storage of received goods. 100 Salaries: Money budgeted for the Director of Business Administration, Secretary to the Director of Business Administration, Supervisor of Accounting, Payroll Secretary, Accounts Payable Secretaries, and Tax Collection Secretary. $553,275 $544, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees Retirement Fund (at 4.76%) and Social Security Fund (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. $182,437 $156, Professional Services: Those services provided by outside agencies, independent persons or firms with specialized knowledge or skills. The money budgeted in this account will provide appraisal and other professional services. $47,200 $61, Purchased Property Services: Those services provided by an outside agency, firm, or individual to operate, repair, or maintain equipment, buildings, and sites of the school district. $500 $ Other Purchased Services: Money budgeted to provide transportation (both in and out of district), meals, lodging and associated expenses to staff members traveling on district business. Also included in this account is money to provide vehicle insurance for the district's fleet of vehicles. $16,900 $14, Supplies: All items of an expendable nature which are purchased for use in the Business Office. These supplies include paper, pencils, etc. $21,500 $17,500 37

48 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2500 BUSINESS SERVICES - continued 700 Property: Money budgeted for equipment to be used in the business process. This includes furniture and equipment for the District Office and the School Board. $15,000 $10, Other Objects: Money budgeted for dues, fees, and memberships in professional organizations or associations. Also included in this account are the fees to the Government Finance Officers Association and the Association of School Business Officials for independent evaluation of our Budget and Comprehensive Annual Financial Report. $19,250 $17,500 38

49 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2600 PLANT OPERATION AND MAINTENANCE: Those activities concerned with keeping the physical plant open, comfortable, and safe. This includes keeping the grounds, buildings and equipment in effective working condition and maintaining safety on all school property. 100 Salaries: Money budgeted for the Director of Construction and Facilities, a secretary, custodians, maintenance mechanics, and substitute workers. $1,982,374 $2,174, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees Retirement Fund (at 4.76%) and Social Security (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. $768,617 $815, Professional Services: Those services provided by independent persons or firms with specialized skills or knowledge. $51,088 $51, Purchased Property Services: Those services provided by an outside agency, firm, or individual to operate, repair, or maintain equipment, buildings, and sites of the school district. The costs to purchase electricity for all of the district s buildings are included in this allocation. $2,028,452 $2,077, Other Purchased Services: Money budgeted to provide transportation (both in and out of district), meals, lodging and associated expenses to staff members traveling on school district business. Also included in this account is the money budgeted to provide insurance contracts to protect the district from loss due to fire, damage, liability, or other causes. The district's telephone costs are also budgeted in this account. $312,545 $317, Supplies: Those items of an expendable nature which are purchased to maintain the buildings and grounds of the district. This includes fuel oil, natural gas, cleaning supplies, as well as other expendable items associated with maintenance. $856,258 $872,868 39

50 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2600 PLANT OPERATION AND MAINTENANCE - continued 700 Property: Equipment that is required for maintaining the buildings and grounds. $70,246 $55, Other Objects: Money budgeted for dues, fees, and memberships in professional organizations or associations. $18,025 $18,382 40

51 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2700 TRANSPORTATION: Those activities concerned with the conveyance of students to and from school, as provided by state law, including trips between home and school and trips to school activities. 100 Salaries: Money budgeted for the Transportation Manager and secretarial staff. $96,369 $100, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees Retirement Fund (at 4.76%) and Social Security (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. $40,489 $39, Professional Services: Those services provided by outside independent persons or firms with specialized knowledge or skills. The money budgeted in this account will provide for drivers' in-service and safety programs for students. $5,000 $10, Purchased Property Services: Those services provided by an outside agency, firm, or individual to operate, repair, or maintain equipment used in the this area. $4,000 $4, Other Purchased Services: Money budgeted to provide for contracted transportation services for the school district. Also included in this account is money for transportation of Special Education students through the Chester County Intermediate Unit, private contracts with parents, the fuel for the contracted fleet of busses, and the transportation (both in and out of district), meals, lodging, and associated expenses to staff members traveling on school district business. $3,715,139 $4,317, Supplies: Those items of an expendable nature which are purchased for use in the transportation of the district's students. $420,300 $32,750 41

52 2700 TRANSPORTATION - continued KENNETT CONSOLIDATED SCHOOL DISTRICT BUDGET EXPLANATION SUPPORT SERVICES SERIES 700 Property: Equipment (other than vehicles) that is purchased for student transportation. $30,000 $25, Other Objects: Money budgeted for dues, fees, and memberships in professional organizations or associations. $2,000 $10,200 42

53 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2800 SUPPORT SERVICES - CENTRAL: Those activities, other than general administration, which support each of the other instructional and supporting programs. These activities include data processing, central copying, other insurance, strategic planning, and safety consulting. 100 Salary: Money budgeted for the Director of Human Resources, a secretary, the Manager of Information and Technology, and the technology support staff. $564,121 $591, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employees Retirement Fund (at 4.76%) and Social Security (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. $168,490 $164, Professional Services: Those services provided by outside independent persons or firms with specialized knowledge or skills. The money budgeted in this account will provide support for the software operated on the district's mainframe computer. $58,000 $44, Other Purchased Services: Money budgeted to provide district-wide dark fiber connection and internet access provided by ChescoNet. $91,400 $90, Supplies: Those items of an expendable nature which are purchased to support the data processing operation of the district. $97,500 $202, Property: Money budgeted for equipment needed in the Technology Department, both new and replacement (servers, Hubs, and other district-wide needs). $354,000 $339,000 43

54 2800 SUPPORT SERVICES - continued KENNETT CONSOLIDATED SCHOOL DISTRICT BUDGET EXPLANATION SUPPORT SERVICES SERIES 800 Other Objects: Money budgeted for dues, fees, and memberships in professional organizations or associations, and payment for technology training courses. $3,000 $3,000 44

55 BUDGET EXPLANATION SUPPORT SERVICES SERIES 2900 INTERMEDIATE UNIT SUPPORT: All other support services not classified elsewhere in the 2000 series. Amounts are withheld from the school district's Equalized Subsidy for Basic Education to support Chester County Intermediate Unit programs. 500 Other Purchased Services: This category contains the payment to the Chester County Intermediate Unit for its general administrative budgets, the Research Information Service, and the School Board In-Service Programs. $36,687 $36,687 45

56 BUDGET SUMMARY NON-INSTRUCTIONAL SERVICES 3000 SERIES PERCENT BUDGET BUDGET INCREASE/ ACCOUNT DECREASE 3200 STUDENT ACTIVITIES $957,341 $948, % TOTAL NON-INSTRUCTIONAL 3000 SERIES $957,341 $948, % STUDENT ACTIVITIES: Those activities concerned with providing non-instructional services to students, staff and community. The activities providing these services include student activities, athletic programs, and community services programs. School sponsored activities, under the guidance and supervision of the school district s staff, designed to provide students such experiences as motivation, enjoyment, and improvement of skills. Co-curricular activities normally supplement the regular instructional programs and include such activities as band and chorus. Also included are student activities that involve the athletic program that provides competition between schools. Community activities consist primarily of providing crossing guards at designated locations within the district. 46

57 BUDGET COMPARISON OF EXPENDITURES STUDENT ACTIVITIES SERIES FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 3200 STUDENT ACTIVITIES 100 Salaries $ 506,370 $ 523,465 $ 17, % 200 Employee Benefits 104,162 88,572 (15,590) % 300 Purchased Prof. Services 75,526 85,550 10, % 400 Purchased Prop. Services 3,592 3, % 500 Other Contracted Services 116, ,800 1, % 600 Books/Supplies 124, ,547 (20,991) % 700 Equipment 3,000 3, % 800 Other Objects 23,968 23,453 (515) -2.15% TOTAL STUDENT ACTIVITES 957, ,987 (8,354) -0.87% TOTAL $ 957,341 $ 948,987 $ (8,354) -0.87% 47

58 BUDGET EXPLANATION STUDENT ACTIVITIES 3000 SERIES 3200 STUDENT ACTIVITIES: School sponsored activities, under the guidance and supervision of the school district's staff, designed to provide students such experiences as motivation, enjoyment, and improvement of skills. Co-curricular activities normally supplement the regular instructional program and include such activities as band, chorus, choir, speech and debate. Student activities also involves the athletic program which provides competition between schools. 100 Salaries: Money budgeted for the athletic director, coaches of athletic teams, band director, sponsors of classes and clubs, and money for referees and officials to work the inter-scholastic matches $506,370 $523, Fringe Benefits: Money budgeted for the school district's contribution to the Public School Employes' Retirement Fund (at 4.76%) and Social Security Fund (at 7.65%) on the above salaries. Also included in this account are the projected costs to provide hospitalization, life, dental, disability, vision, prescription, unemployment compensation, and workers' compensation insurance for the staff working in these programs. $104,162 $88, Professional Services: Those services provided by independent persons or firms with specialized skills or knowledge. This includes assemblies for students. $75,526 $85, Purchased Property Services: Those services provided by an outside agency, firm, or individual to operate, repair, or maintain equipment owned or rented by the school district. The money budgeted in this account is to provide for equipment repair and reconditioning. $3,592 $3, Other Purchased Services: Money budgeted to provide bus transportation to athletic and band events. Also money budgeted to provide transportation (both in and out of district), meals, lodging, and associated expenses to coaches and sponsors traveling on school district business and for printing expenses associated with student activities. $116,185 $117, Supplies: All items of an expendable nature which are purchased for use in the student activities programs such as pencils, pens, paper, baseballs, athletic tape, books, etc. $124,538 $103,547 48

59 3200 STUDENT ACTIVITIES continued KENNETT CONSOLIDATED SCHOOL DISTRICT BUDGET EXPLANATION STUDENT ACTIVITIES 3000 SERIES 700 Property: Money budgeted for equipment needed in the student activities programs, both new and replacement. $3,000 $3, Other Objects: Money budgeted for dues, fees, and memberships in professional organizations or associations. $23,968 $23,453 49

60 BUDGET SUMMARY SITE/FACILITIES IMPROVEMENT 4000 SERIES PERCENT BUDGET BUDGET INCREASE/ ACCOUNT DECREASE 4600 EXISTING BUILDING IMPROVEMENT $160,000 $120, % TOTAL FACILITIES 4000 SERIES $160,000 $120, % FACILITIES ACQUISITION, CONSTRUCTION AND IMPROVEMENT SERVICES: Capital Facilities Acquisition, Construction and Improvements are capital expenditures incurred to purchase land, buildings, service systems and built-in equipment. Expenditures include the initial purchase of land and buildings; construction; remodeling, additions and improvements to buildings; installation, replacement or extension of service systems; and other build-in equipment, as well as improvement to sites, and activities related to all of the above. 50

61 BUDGET COMPARISON OF EXPENDITURES SITE/FACILITIES IMPROVEMENT SERIES FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 4200 EXISTING SITE IMPROVEMENT 700 Purchased Prop. Services $ - $ - $ - *** TOTAL EXISTING SITE IMPROVEMENT *** 4600 EXISTING BUILDING IMPROVEMENT 400 Purchased Prop. Services 160, , % TOTAL EXISTING BUILDING IMPROVEMENT 160, , % TOTAL $ 160,000 $ 120,000 $ % 51

62 BUDGET EXPANATION FACILITIES 4000 SERIES 4600 EXISTING BUILDING IMPROVEMENTS: Costs incurred to renovate or improve existing buildings, service systems and other build-in equipment. Capital expenditures include non-routine and extraordinary (or substantial) costs incurred to improve or maintain existing buildings. 400 Purchased Property Services: Money budgeted to fund projects identified in the long range plan for building and construction. $160,000 $120,000 52

63 BUDGET SUMMARY OTHER OUTLAYS 5000 SERIES PERCENT BUDGET BUDGET INCREASE/ ACCOUNT DECREASE 5100 OTHER FINANCING $7,376,762 $8,608, % 5900 BUDGET RESERVE 597, , % TOTAL NON-INSTRUCTIONAL 5000 SERIES $7,974,032 $9,490, % OTHER FINANCING: Expenditures or transfers of the General Fund not properly classified in the preceding functional areas that require budgetary and accounting controls. These expenditures include money budgeted to meet the school district debt service payments (for both principal and interest), refund of prior years taxes, and money set aside as budget reserve to meet unanticipated expenditures of the budget year. In addition to appropriations that are made to other functions, it is a sound management practice to provide for operating contingencies through a budget reserve. Experience indicates that there are certain variables over which control is impossible regardless of the care with which a budget is prepared. These variables include unpredictable changes in the costs of goods and services and the occurrence of events which are vaguely perceptible during the time of budget preparation but which, nevertheless, may require expenditures by the school system during the year in which the budget is being prepared. Expenditures may not be recorded against the Budget Reserve, only against the line items that appear throughout the functional appropriations. Whatever may be needed from the Budget Reserve may not be used until after transfer from the reserve to the appropriate function. Each such transfer requires the authorization of the Board of School Directors and may be made only during the last nine months of the fiscal year. 53

64 BUDGET COMPARISON OF EXPENDITURES OTHER OUTLAYS SERIES FUNCTION/ $ CHANGE OVER % CHANGE OVER OBJECT DESCRIPTION BUDGET BUDGET BUDGET BUDGET 5100 OTHER FINANCING 800 Serial Bonds-Interest $ 3,236,762 $ 4,328,279 $ 1,091, % 900 Serial Bonds-Principal 4,140,000 4,280, , % TOTAL OTHER FINANCING 7,376,762 8,608,279 1,231, % 5900 BUDGETARY RESERVE 800 Budget Reserve 597, , , % TOTAL BUDGETARY RESERVE 597, , , % TOTAL $ 7,974,032 $ 9,490,344 $ 1,516, % TOTAL ALL FUNCTIONS $ 61,832,882 $ 65,526,183 $ 3,693, %. 54

65 BUDGET EXPANATION OTHER OUTLAYS 5000 SERIES 5100 DEBT SERVICE / OTHER EXPENDITURES AND FINANCING USES: Servicing of the debt, including payments on general long-term debt, authority obligations and interest. 800 Other Objects: Expenditures for interest on notes, bonds, and lease-purchase payments. $3,236,762 $4,328, Other Use of Funds: Outlays from current funds to retire principle of debt service, serial bonds and loans on lease-purchase agreements. $4,140,000 $4,280,000 55

66 BUDGET EXPANATION OTHER OUTLAYS 5000 SERIES 5900 BUDGETARY RESERVE: This is not an expenditure function or account. It is strictly a budgetary account. In addition to the appropriations, it is a sound management practice to provide for operating contingencies through a budgetary reserve. Experience indicates that there are certain variables over which control is impossible regardless of the care with which the budget is prepared. These variables include unpredictable changes in the costs of goods and services, and the occurrences of events which are vaguely perceptible during the time of budget preparations, but which nevertheless, may require expenditures by the district during the year for which the budget is being prepared. 800 Other Objects: Money budgeted to this account will serve as a contingency when necessary funds will be transferred from this account of offset deficits. $597,270 $882,065 56

67 Informational

68 BUDGET FIVE YEAR COMPARISON OF REVENUES - BY FUNCTION FUNCTION/ OBJECT DESCRIPTION ACTUAL ACTUAL ACTUAL BUDGET BUDGET 6000 LOCAL SOURCES 6111 Current Taxes - Real Estate $ 35,528,670 $ 38,420,981 $ 41,551,974 $ 42,778,785 $ 44,920, Interim Taxes 1,305,373 1,270,737 1,311,638 1,351,444 1,150, Utility Taxes 44,180 63,973 69,658 63,000 63, Earned Income Tax 3,059,106 3,687,338 3,167,714 3,200,000 3,200, Transfer Taxes 1,613,827 1,772,254 1,377,398 1,450,000 1,250, Delinquent Taxes 1,110,372 1,226,642 1,083,333 1,100,000 1,100, Investment Earnings 327, ,312 1,246, , , Revenue from Athletic Admissions - 25,450 18, State Rev from Other Public Schools , Federal IDEIA Pass-Through Revenue - 487, , , , Rental/Other Income 118, , , , , Misc/Student Activities 32,021 24,006 30, TOTAL LOCAL SOURCES 43,140,038 48,213,911 50,546,906 51,383,229 52,659, STATE SOURCES 7110 State Subsidy 2,998,880 3,221,190 3,470,914 3,509,646 3,961, Read to Succeed Charter Schools 145, , , , , School Performance Tuition - Orphans 12, Other State Subsidies 12,398 7,058 6, Special Education Subsidy 1,571,421 1,592,613 1,612,830 1,607,418 1,649, Educational Assistance 183, , , , , Transportation Subsidy 1,198,933 1,343,385 1,499,813 1,397,657 1,550, Authority Rental Reimbursement 516, , , , , Medical & Dental Subsidy 82,147 81,879 82,737 82,000 83, Property Tax Reduction ,406, Safe Schools 13,566 14,018 10, Accountability Grant 239, , , , , Dual Enrollment Grant - 16,608 13, Other State Revenue (DCED) - 103,536 6, FICA Reimbursement 970, , ,528 1,028,853 1,084, Retirement Reimbursement 472, , , , ,301 TOTAL STATE SOURCES 8,418,589 9,002,046 9,621,456 9,881,674 11,943, FEDERAL SOURCES 8000 Other Federal Grants IDEA 435, Title I 225, , , , , Title II 142, , , , , Title III 111, , , , , Title IV 21st Century , Title V 15,204-7,200 3,743 3, Restricted Fed. Grants-in-Aid , Medical Assistance Reimbursement (ACCESS) , ,000 TOTAL FEDERAL SOURCES 930, , , , , OTHER APPROPRIATIONS 0000 Fund Balance Appropriation Capital Projects Funds Transfers TOTAL OTHER APPROPRIATIONS TOTAL ALL REVENUES $ 52,489,015 $ 57,873,821 $ 60,868,698 $ 61,832,882 $ 65,526,183 57

69 BUDGET FIVE YEAR COMPARISON OF EXPENDITURES - BY FUNCTION FUNCTION/ OBJECT DESCRIPTION ACTUAL ACTUAL ACTUAL BUDGET BUDGET 1100 REGULAR PROGRAMS 100 Salaries $ 13,958,670 $ 14,427,523 $ 14,945,471 $ 16,486,945 17,337, Employee Benefits 3,849,358 4,068,897 4,429,800 5,510,586 5,753, Purchased Prof. Services 211, , , , , Purchased Prop. Services 6,995 8,575 5,986 25,848 24, Other Contracted Services 943,358 1,217,711 1,266,303 1,244,495 1,258, Books/Supplies 601, , , , , Equipment 33, , , ,232 29, Other Objects TOTAL REGULAR PROGRAMS 19,604,758 20,802,259 22,209,411 24,527,229 25,221, SPECIAL PROGRAMS 100 Salaries 2,287,942 2,390,101 2,457,600 2,561,474 2,736, Employee Benefits 743, , , ,211 1,003, Purchased Prof. Services 2,617,906 2,742,959 3,043,117 3,136,299 3,225, Purchased Prop. Services Other Contracted Services 647, ,170 1,089,770 1,168,379 1,343, Books/Supplies 51,262 38,635 45,854 48,000 48, Equipment - 3,197-7,000 7, Other Objects TOTAL SPECIAL PROGRAMS 6,347,871 6,956,549 7,501,643 7,900,363 8,364, VOCATIONAL PROGRAMS 500 Other Contracted Services 658, , , , ,678 TOTAL VOCATIONAL PROGRAMS 658, , , , , OTHER INSTRUCTIONAL PROGRAMS 100 Salaries 235, , ,167 13, , Employee Benefits 65,863 68,355 91,439 1,922 1, Purchased Prof. Services 7,134 46,419 9, Purchased Prop. Services , Other Contracted Services 74,154 88, , , Books/Supplies 142,655 69,508 59, Equipment Other Objects TOTAL OTHER INSTRUCTIONAL PROGRAMS 525, , , , , ADULT EDUCATION PROGRAM 100 Salaries Employee Benefits Purchased Prof. Services TOTAL ADULT EDUCATION PROGRAMS PUPIL SERVICES 100 Salaries 947,223 1,041,535 1,078,580 1,091,782 1,225, Employee Benefits 265, , , , , Purchased Prof. Services 114,547 38,184 59,590 38,500 95, Purchased Prop. Services Other Contracted Services 5,583 5,850 7,110 7,000 11, Books/Supplies 38,470 21,359 15,885 37,850 19, Equipment , Other Objects 1,607 1, ,950 1,200 TOTAL PUPIL SERVICES 1,373,216 1,418,578 1,498,605 1,543,135 1,744,047 58

70 BUDGET FIVE YEAR COMPARISON OF EXPENDITURES - BY FUNCTION FUNCTION/ OBJECT DESCRIPTION ACTUAL ACTUAL ACTUAL BUDGET BUDGET 2200 INSTRUCTIONAL SUPPORT 100 Salaries 896, ,932 1,069,207 1,100,411 1,130, Employee Benefits 254, , , , , Purchased Prof. Services 50,492 80, , , , Purchased Prop. Services 4,415 2,005 1,575 9,172 9, Other Contracted Services 25,559 43,568 46,998 29,428 31, Books/Supplies 334, , , , , Equipment 15,138 48,971 64,632 48,807 38, Other Objects 2,899 2,134 2,243 7,654 7,850 TOTAL INSTRUCTIONAL SUPPORT 1,583,549 1,902,863 2,238,151 2,170,058 2,163, ADMINISTRATIVE SUPPORT 100 Salaries 1,553,273 1,644,982 1,778,981 1,808,304 1,859, Employee Benefits 390, , , , , Purchased Prof. Services 124, , , , , Purchased Prop. Services Other Contracted Services 89,721 93, , , , Books/Supplies 24,563 14,271 21,449 26,206 25, Equipment 7, ,710 28,315 17, Other Objects 54,723 53,344 58,530 58,631 60,500 TOTAL ADMINISTRATIVE SUPPORT 2,245,724 2,415,256 2,556,448 2,662,518 2,725, HEALTH SERVICES 100 Salaries 313, , , , , Employee Benefits 103, , , , , Purchased Prof. Services 8,846 9,958 10,080 1,325 1, Purchased Prop. Services ,331 1, Other Contracted Services Books/Supplies 9,456 12,090 13,262 18,486 18, Equipment ,625 1, Other Objects TOTAL HEALTH SERVICES 436, , , , , BUSINESS SUPPORT 100 Salaries 453, , , , , Employee Benefits 121, , , , , Purchased Prof. Services 25,682 58,011 32,872 47,200 61, Purchased Prop. Services 300 4,868 7, Other Contracted Services 18,280 9,881 13,004 16,900 14, Books/Supplies 8,206 6,692 14,916 21,500 17, Equipment - 4,272 6,064 15,000 10, Other Objects 11,928 12,310 8,841 19,250 17,500 TOTAL BUSINESS SUPPORT 638, , , , , MAINTENANCE SUPPORT 100 Salaries 1,751,941 1,960,379 2,010,837 1,982,374 2,174, Employee Benefits 558, , , , , Purchased Prof. Services 45,647 36,437 33,693 51,088 51, Purchased Prop. Services 1,788,705 1,778,754 1,792,241 2,028,452 2,077, Other Contracted Services 273, , , , , Books/Supplies 571, , , , , Property 13,226 79,644 64,890 70,246 55, Other Objects 9,328 9,785 10,330 18,025 18,382 TOTAL MAINTENANCE SUPPORT 5,012,475 5,430,137 5,707,232 6,087,605 6,373,648 59

71 BUDGET FIVE YEAR COMPARISON OF EXPENDITURES - BY FUNCTION FUNCTION/ OBJECT DESCRIPTION ACTUAL ACTUAL ACTUAL BUDGET BUDGET 2700 STUDENT TRANSPORTATION 100 Salaries 1,879,844 1,003, ,416 96, , Employee Benefits 546, ,555 53,885 40,489 39, Purchased Prof. Services 12,860 38,553 1,535 5,000 10, Purchased Prop. Services 328, ,908 7,990 4,000 4, Other Contracted Services 487,239 2,193,744 3,843,208 3,715,139 4,317, Books/Supplies 350, ,221 44, ,300 32, Equipment 144, ,500 13,404 30,000 25, Other Objects 5,871 4, ,000 10,200 TOTAL STUDENT TRANSPORTATION 3,757,066 4,137,286 4,068,748 4,313,297 4,540, CENTRAL SUPPORT 100 Salaries 444, , , , , Employee Benefits 117, , , , , Purchased Prof. Services 16,673 62,101 75,106 58,000 44, Purchased Prop. Services Other Contracted Services 110,751 16,966 86,564 91,400 90, Books/Supplies 106, , ,533 97, , Equipment 307, , , , , Other Objects ,246 3,000 3,000 TOTAL CENTRAL SUPPORT 1,104,910 1,219,809 1,283,942 1,336,511 1,434, INTERMEDIATE UNIT SUPPORT 500 Other Contracted Services 36,133 36,043 36,921 36,687 36,687 TOTAL INTERMEDIATE UNIT SUPPORT 36,133 36,043 36,921 36,687 36, STUDENT ACTIVITIES 100 Salaries 381, , , , , Employee Benefits 38,579 56,404 85, ,162 88, Purchased Prof. Services 58,488 70,685 47,820 75,526 85, Purchased Prop. Services 1,446 4,192 1,798 3,592 3, Other Contracted Services 49,771 71, , , , Books/Supplies 97,684 86,228 98, , , Equipment 1,448 9, ,000 3, Other Objects 32,231 28,789 36,211 23,968 23,453 TOTAL STUDENT ACTIVITIES 661, , , , , SITE/FACILITIES IMPROVEMENT 400 Purchased Prop. Services 118, ,156 45, , , Books/Supplies 11, Property/Equipment 65, ,133 24, TOTAL SITE/FACILITIES IMPROVEMENT 195, ,289 70, , , OTHER FINANCING 800 Serial Bonds-Interest 3,294,249 2,646,239 3,329,222 3,236,762 4,328, Serial Bonds-Principal 3,280,000 3,035,000 3,730,000 4,140,000 4,280, Fund Transfers 1,890,882 3,442,235 2,951, TOTAL OTHER FINANCING 8,465,131 9,123,474 10,010,605 7,376,762 8,608, BUDGETARY RESERVE 800 Budget Reserve - 597, ,065 TOTAL BUDGETARY RESERVE , ,065 TOTAL ALL FUNCTIONS $ 52,647,440 $ 57,469,907 $ 60,644,236 $ 61,832,882 $ 65,526,183 60

72 BUDGET FIVE YEAR COMPARISON OF EXPENDITURES BY OBJECT OBJECT DESCRIPTION ACTUAL ACTUAL ACTUAL BUDGET BUDGET 100 Salaries $ 25,104,473 $ 25,501,758 $ 25,739,124 $ 27,167,165 $ 28,830, Employee Benefits 7,055,593 7,323,635 7,721,080 9,085,234 9,371, Purchased Prof. Svcs. 3,294,698 3,629,386 3,814,377 3,984,972 4,080, Purchased Property Svcs. 2,250,670 2,179,667 1,864,248 2,232,895 2,241, Other Contracted Svcs. 3,420,262 5,654,770 7,662,935 7,544,567 8,390, Supplies 2,347,718 2,332,491 2,610,426 2,869,314 2,450, Equipment 589,436 1,612,132 1,101, , , Other Objects 3,413,709 2,758,833 3,449,089 3,968,510 5,352, Other Financing Uses 3,280,000 3,035,000 6,681,383 4,140,000 4,280,000 TOTAL ALL OBJECTS $ 50,756,559 $ 54,027,672 $ 60,644,235 $ 61,832,882 $ 65,526,183 FIVE YEAR COMPARISON OF BENEFITS EXPENDITURES BY OBJECT OBJECT DESCRIPTION ACTUAL ACTUAL ACTUAL BUDGET BUDGET 211 Medical $ 2,430,477 $ 2,216,423 $ 2,230,735 $ 2,900,356 $ 3,343, Dental 319, , , , , Life Insurance 26,482 21,085 21,221 21,403 20, Income Protection 52,400 56,196 58,484 56,744 60, Vision 72,709 79,149 77,581 80,922 80, Prescription 678, , ,576 1,092,082 1,201, Social Security 1,889,598 1,919,800 1,883,813 2,057,707 2,178, Retirement 1,051,180 1,177,654 1,633,568 1,932,596 1,394, Tuition 344, , , , , Unemployment Comp. 29, , ,416 18,179 18, Workers Compensation 147, , , , , Other Benefits 12,594 9,570-60,000 60,000 TOTAL ALL BENEFITS $ 7,055,593 $ 7,323,635 $ 7,721,080 $ 9,085,234 $ 9,371,682 61

73 BUDGET Historical Analysis of Millage Rate Year Millage Rate Inc. % % C H E S T E R C O U N T Y P R O P E R T Y R E A S S E S S M E N T % % % % % % % % % % Historical Analysis of Real Estate Tax Levy Year R.E. Tax Levy Inc. $ ,004,269 $696,529 C H E S T E R C O U N T Y P R O P E R T Y R E A S S E S S M E N T ,210,942 $1,206, ,027,279 $816, ,160,781 $2,133, ,959,930 $1,799, ,790,247 $3,830, ,490,110 $4,699, ,645,589 $3,155, ,872,065 $3,226, ,044,319 $3,172, ,564,889 $2,520, ,760,396 $3,195,507 62

74 BUDGET Real Estate Tax Collections Analysis Year Assessment Millage Levied Percentage Collections ,045, ,004, % 16,960, ,364,607, ,210, % 18,093, ,398,553, ,027, % 19,013, ,478,765, ,160, % 20,880, ,522,744, ,929, % 22,966, ,594,757, ,790, % 26,681, ,679,162, ,490, % 31,593, ,761,406, ,645, % 35,528, ,862,313, ,872, % 38,420, ,949,203, ,044, % 41,551, ,030,291, ,564, % 42,422, ,063,975, ,760,396 63

75 BUDGET Historical Analysis of Real Estate Assessments Year Assessment Inc. % ,045, % C H E S T E R C O U N T Y P R O P E R T Y R E A S S E S S M E N T ,364,607, ,405,527, % ,480,140, % ,522,744, % ,594,757, % ,679,162, % ,761,406, % ,862,313, % ,949,203, % ,030,291, % ,063,975, % Historical Analysis of STEB Market Values Year STEB Market Vlaue Inc. % ,007,917, % C H E S T E R C O U N T Y P R O P E R T Y R E A S S E S S M E N T ,464,505, ,493,208, % ,737,254, % ,689,593, % ,871,781, % ,085,915, % ,380,279, % ,738,696, % ,205,926, % ,698,162, % ,984,508, % 64

76 BUDGET Tax Duplicate Assessment Analysis by Property Classification Classification Kennett Boro Parcels New Garden Twp. Parcels Residential 153,462,310 1, ,473,198 2,995 Agriculture 0 0 5,944, Industrial 4,355, ,306, Commercial 57,954, ,554, Act 319/515 2,021, ,509, Mobile Homes 0 0 1,979, Total 217,794,040 1, ,768,198 3,900 Classification Kennett Twp. Parcels Independent No. 1 Parcels Residential 659,729,360 2,506 96,907, Agriculture 10,038, Industrial 7,367, ,364,360 3 Commercial 104,633, ,143, Act 319/515 21,343, ,658, Mobile Homes 226, Total 803,338,790 3, ,074, Classification Total District Parcels Residential 1,616,572,738 7,392 Agriculture 15,983, Industrial 32,393, Commercial 357,286, Act 319/515 39,532, Mobile Homes 2,205, Total 2,063,975,628 9,277 65

77 BUDGET Tax Duplicate Analysis by Municipality Year Kennett Boro Inc. % New Garden Twp. Inc. % ,370, % 654,529, % ,708, % 699,472, % ,339, % 732,358, % ,248, % 780,917, % ,538, % 825,062, % ,568, % 865,091, % ,794, % 879,768, % Year Kennett Twp. Inc. % Independent No. 1 Inc. % ,101, % 119,756, % ,895, % 125,085, % ,987, % 132,721, % ,546, % 142,600, % ,973, % 151,628, % ,248, % 162,382, % ,338, % 163,074, % Year Total District Inc. % ,594,757, % ,679,162, % ,761,406, % ,862,313, % ,949,203, % ,030,291, % ,063,975, % 66

78 BUDGET Principal Taxpayers Owner Township Type of Property 2008 Assessment Kennett Development Co. Kennett Twp. Commercial Offices $19,483,670 Friends Hall Kennett Twp. Retirement Community 17,450,710 State Street Associates Kennett Borough Professional Offices 15,496,660 East Marlboro Associates Independent No. 1 Retail Shopping Center 11,382, Scarlett Group New Garden Twp. Retail Shopping Center 8,315,650 Modern Mushroom Farms New Garden Twp. Agriculture 8,057,340 Marlborough Associates Independent No. 1 Retail Shopping Center 7,177,280 New Plan Realty Trust New Garden Twp. Retail Shopping Center 6,110,630 Hartfeld Ltd. New Garden Twp. Golf Course/Restaurant 5,445,780 Phillips Mushroom Kennett Twp. Agriculture 5,088,890 Turks Head Health Services Kennett Twp. Professional Offices 4,603,890 Total $108,613,480 Common Level Ratio Year Market Value Assessed Value Common Level Ratio ,493,208,972 1,394,657, % ,737,254,225 1,480,140, % ,689,593,463 1,522,323, % ,871,781,291 1,594,757, % ,085,915,814 1,679,162, % ,380,279,443 1,761,406, % ,738,696,041 1,862,313, % ,205,926,789 1,949,203, % ,698,162,230 2,030,291, % ,984,508,934 2,063,975, % 67

79 BUDGET Average Residential Assessment Municipality Residential Assessment Parcels Average Resident Kennett Boro $155,483,310 1,401 $110,980 New Garden Twp. 722,962,508 3, ,054 Kennett Twp. 681,299,140 2, ,367 Independent No. 1 98,566, ,630 Total $1,658,311,318 8,464 $195, Average Homeowner Assessment $195,925 Tax Bill Calculation: Base Millage (21.95) 4, Millage 1.19 Mills 233 (Total Millage = Mills) Total Average Tax Bill $4,534 Tax Bill Comparision vs Millage Rate Fiscal Year 68

80 BUDGET Property Tax Reference Table Assessed Property Value Property Tax Property Tax Tax Increase 100,000 2,195 2, ,000 2,744 2, ,000 3,293 3, ,000 3,841 4, ,000 4,390 4, ,000 4,939 5, ,000 5,488 5, ,000 6,036 6, ,000 6,585 6, ,000 7,134 7, ,000 7,683 8, ,000 8,231 8, ,000 8,780 9, ,000 9,329 9, ,000 9,878 10, ,000 10,426 10, ,000 10,975 11, ,000 11,524 12, ,000 12,073 12, ,000 12,621 13, ,000 13,170 13, ,000 13,719 14, ,000 14,268 15, ,000 14,816 15, ,000 15,365 16, ,000 15,914 16, ,000 16,463 17, ,000 17,011 17, ,000 17,560 18, ,000 18,109 19, ,000 18,658 19,669 1, ,000 19,206 20,248 1, ,000 19,755 20,826 1, ,000 20,304 21,405 1, ,000 20,853 21,983 1, ,000 21,401 22,562 1,160 1,000,000 21,950 23,140 1,190 Real Estate Tax Millage Rate

81 BUILDING ALLOCATIONS SEPTEMBER PROJECTED WEIGHTING WEIGHTED SCHOOL ENROLLMENT ENROLLMENT FACTOR ENROLLMENT APPROPRIATION GREENWOOD Kindergarten Grades Total (K-5) $116, Special Request $0 Copier Allowance $28,000 TOTAL ALLOCATION $144,844 MARY D. LANG Kindergarten Grades Total (K-5) $84, Special Request $0 Copier Allowance $23,000 TOTAL ALLOCATION $107,149 NEW GARDEN Kindergarten Grades Total (K-5) $139, Special Request $0 Copier Allowance $33,000 TOTAL ALLOCATION $172,891 MIDDLE SCHOOL Grade $56,635 Grades , $222,682 Total (6-8) , Special Request $0 Copier Allowance $37,000 TOTAL ALLOCATION $316,317 HIGH SCHOOL Grades , $462, Special Request $0 Copier Allowance $47,000 TOTAL ALLOCATION $509,605 Elementary 2,201 2,225 2, $481,519 Secondary 1,899 1,889 3, $769,287 Grand Total 4,100 4,114 6, $1,250,806 Per Student Allocation $ Previous Year's Allocation 1,366,684 Appropriation Increase -$115,878 Percentage Increase -8.48% 70

82 BUDGET Debt Service Schedule Description 8/15/2008 9/15/2008 2/15/2009 3/15/2009 Totals 1998 Emmaus Principal 480, ,000 Issue: $9,200,000 Interest 112, , ,936 Project: Middle School Bank Fees 1,000 1,000 2, General Obligation Bonds Principal 275, ,000 Issue: $7,040,000 Interest 64,180 64, ,360 Project:Middle School Bank Fees 1,000 1,000 2, A General Obligation Bonds Principal 70,000 70,000 Issue: $11,500,000 Interest 55,708 55, ,416 Project: High School Bank Fees 1,000 1,000 2, B General Obligation Bonds Principal 500, ,000 Issue: $8,835,000 Interest 131, , ,188 Project: Middle School Bank Fees 1,000 1,000 2, General Obligation Bonds Principal 2,650,000 2,650,000 Issue: $42,630,000 Interest 731, ,595 1,463,190 Project: Middle School Bank Fees 4,500 4,500 9,000 (ref. 2001/2001A) Project: High School ( ref. 2002B) 2007 General Obligation Bonds Principal 5,000 5,000 Issue: $9,995,000 Interest 190, , ,074 Project: Partial Refinancing Bank Fees (ref 2003A) 2006 Emmaus Principal 0 300, ,000 Issue: $8,500,000 Interest 149, , ,438 Project: Athletic Fields/HS Bank Fees 2,000 2,000 4, General Obligation Bonds Principal Issue: $20,000,000 Interest 682, ,133 1,431,677 Project: Athletic Fields/HS Bank Fees 2,000 2,000 4,000 Total $8,608,279 General Fund Totals by Accounting Codes: General Obligation Bond Principal $4,280,000 General Obligation Bond Interest $4,328,279 71

83 BUDGET Outstanding Debt Service Schedule Refunded Series A Series A Series A Series A Series B Emmaus 2001, 2001A Emmaus Series A Annual Fiscal Year $11,500,000 $9,995,000 $7,040,000 $42,630,000 $8,835,000 $9,200, B, 2000 $8,500,000 $20,000,000 Debt Service , , ,500 2,333,011 4,860, ,162, , ,000 2,622,979 5,341, ,615 1,169, , ,750 3,457,796 6,773, ,548 1,172,547 1,566, , , ,012 5,859, , ,702 4,115, , , ,049 7,069, , , ,032 4,115, , , ,838 7,227, , , ,360 4,113, , , ,438 1,431,677 8,583, , , ,635 4,116, , , ,767 1,503,267 8,796, , , ,235 4,122, , , ,614 1,503,100 8,845, , , ,140 4,122, , , ,037 1,502,927 8,838, , , ,120 4,131, , , ,860 1,502,752 8,836, ,347, , ,040 2,930, , , ,890 1,502,575 8,835, ,012 1,083, ,965 2,926, , , ,079 1,502,395 8,831, ,821, ,635 2,925, , , ,513 1,502,210 8,825, ,810, ,480 2,923, , , ,088 1,502,020 8,816, ,192,820 2,928, , , ,755 1,501,825 8,805, ,967,960 2,927, , ,523 1,506,625 8,791, ,049,390 2,931, ,252 4,190,875 8,802, ,929, ,826 5,163,750 8,725, ,087, ,181 5,878,500 8,596,856 Future Years 0 2,086,000 3,143,543 9,399,000 14,628,543 TOTALS $4,980,696 $13,986,093 $8,903,405 $57,998,349 $12,989,653 $12,448,686 $9,386,798 $12,905,253 $41,093,498 72

84 BUDGET SCHOLASTIC APTITUDE TEST (SAT) MEAN SCORES Kennett High School Verbal Math Combined National Verbal Math Combined

85 Kennett Consolidated School District 300 East South Street Kennett Square, PA