FRANKLIN REGIONAL SCHOOL DISTRICT

Transcription

1 FRANKLIN REGIONAL SCHOOL DISTRICT BOARD OF SCHOOL DIRECTORS FINANCE/TECHNOLOGY COMMITTEE MEETING February 19, :00 PM Heritage Elementary School Administration Office Conference Room Agenda Topic Presenter Technology Plan Mr. Schrecengost General Fund Budget Mr. Perry a. Fund Balance Projections b. Budget Summary c. PSERS Committed Fund Balance Analysis d. Multi-year Budget Projection e. State Budget Update

2 Franklin Regional School District 3210 School Road, Murrysville, Pennsylvania (724) Mr. Brad Schrecengost Supervisor of Technology To: Jon Perry From: Brad Schrecengost, Supervisor of Technology RE: Proposed Replacement & New Projects Budget Matrix and Projections Date: February 25, 2014 The attached documents include detailed breakouts of the Proposed Fund 12 Capital Reserve Technology Replacement and New Projects Matrix for the 2014/2015 budget year discussions. I have also included replacement and new project projections from 2015 to 2019 for planning purposes. Generally speaking, the Replacement Projects are based on a 5-year-10 ten year cycle. New Projects are based on the District s Strategic Plan and Cyclical Review Process. As you will see in the replacement project details for 2014/2015, the Classrooms for the Future (CFF) laptops had been deferred for three years and are in need of replacement. We currently have approximately 800 CFF laptops that are now 5 to 7 years old. It is time to replace some of these laptops due to age and parts availability. The laptops being replaced will be repurposed at the elementary level or used for spare parts. In an effort to replace as many laptops as possible, we are looking to pilot Google ChromeBooks in some departments and utilize regular windows laptops in departments that use special software. A Google ChomeBook costs a quarter of what a regular laptop costs. All other items listed in the budget projection are focused on updating existing equipment or to further Franklin Regional School District s mission to become a technology leader in the region. We are committed to creating global classrooms where all teachers and students have access to 21 st century technology tools. 2014/2015 Replacement Special Ed/Gifted Laptop Replacement: Special Ed currently has 30 laptops that are used by students. The current laptops are barley meeting the requirements for new software and are poorly performing. We plan to replace half of these laptops this year and the remaining laptops the following year. The gifted laptops are in the same condition and are also in need of replacement. ($22,000.00) CFF Laptops: Over 800 CFF laptops are due for replacement. These laptops are 5-7 years old, out of warrantee and require many hours of labor to remain in operation. We plan to pilot the Google ChromeBooks and decide where we can replace the CFF laptops with the lower cost ChromeBooks. In some departments this may not be feasible and in these instances we will use regular Windows laptops. ($200,000.00) We, the Franklin Regional School community, strive for excellence, learning, achievement, and citizenship in all we do. 1

3 Franklin Regional School District 3210 School Road, Murrysville, Pennsylvania (724) Mr. Brad Schrecengost Supervisor of Technology Middle School Portable TV Studio: This hardware is 10 years old and is due for replacement. The Middle School has experienced a number of equipment issues over the last two years that have interfered with broadcasting. With the purchase of the studio equipment, the MS will be able to broadcast live events easily, while giving the students experience with up to date TV studio equipment. ($20,000) Laptops/Docs - Teachers: Many elementary teachers and administrators are due for computer replacements. We also have a number of CFF teacher laptops at the HS/MS that are now 5 to 7 years old and are due for replacement. We are looking to replace these computers with laptops so they can be more practical for teachers and administrators. ($30,000) Central Admin PCs: replacement of secretary and assistant machines that are 5 years and older. ($5,000) 2014/2015 New Projects Rationale: 4 th and 5 th Grades: Expand Concept of Smart Classrooms in the Elementary Classrooms (21 st Century tools)--this project will install 24 electronic whiteboards into 4 th and 5 th grade classrooms and two Special Ed classrooms. We will also purchase some student response systems and document cameras for each grade level which will allow for both formal and informal assessment. ($126,000) Video Conferencing Systems: Currently we only have one video conferencing unit at the Administration building. When a teacher would like to participate in video conferencing, they have to bring their entire class to the Administrative building, losing out on instructional time. There are many programs hosted by the IU and other institutions where our teachers and students can participate regularly with a video conferencing system. ($18,000.00) Server Virtualization, VM Desktop Apps, and Cloud Computing Phase II We plan to upgrade the servers and purchase more licenses in order to add more computers to the virtual environment. (50,000) Citrix Receivers and Monitors: We plan to test/replace the heavily used computers in the libraries, offices and labs with Citrix thin clients. Replacing current computers with thin clients will save money in the future. ($10,000) Phone System: The phone system is over ten years old and we plan to replace this system in the following school year. ($150,000.00) SIS: We are currently in the process of reviewing new Student Information Systems. We should have a recommendation to the School Board in March. ($90,000) We, the Franklin Regional School community, strive for excellence, learning, achievement, and citizenship in all we do. 2

4 Franklin Regional School District 3210 School Road, Murrysville, Pennsylvania (724) Mr. Brad Schrecengost Supervisor of Technology HS Auditorium Projector: Currently, the SHS does not have an appropriate mountable projector for their auditorium. We plan to purchase and mount this projector, which will enhance the space and performances. ($20,000) SPAM filter and archiving: The purchase of a SPAM filter and an archiver will be needed as we move to provide our student s access to secure . ($8,000.00) Network Switch Electronics: Each year network switches are evaluated for replacement. They are only replaced due to wear and tear or if they are no longer supported under hardware and software maintenance. ($20,000) PA COSTARS-3 or PEPPM will be used for equipment and installation quotes. PROPOSED TECHNOLOGY REPLACEMENT MATRIX Replacement Projects Detail Location Yrs 14/15 COMMENTS Special Ed Laptop Replacement SHS\MS 5+ $15, Over 5 years old-cannot support current software SHS Gifted Laptops SHS\MS 5+ $7, Over 5 years old-cannot support current software HS\MS CFF Laptops SHS\MS 5 to 7 $200, ($900 Laptops) or 716 ($279 ChromeBooks) Middle School TV Studio SHS\MS 10+ $20, TV studio is due for replacement Senior High Business Lab 211 SHS\MS 5+ Deferred Possibly VDI (Depends on Curriculum) SHS\MS CFF LCD Projectors SHS\MS 5 to 7 Deferred Deferred-These can be replaced as needed SHS\MS Smart Boards Replacement 5 to 7 Deferred Deferred-These can be replaced as needed Teacher computers District Wide 5 to 7 $30, Replace older CFF teacher laptops-begin 3rd grade Central Admin Computers Administration 5+ $5, Replace aging computer in the Administration Offices Misc-Tech Supplies (Unidentified) District Wide $25, Listed below New Projects ES 4th & 5th\Sped Ed White Boards\Student Response Elementary $120, Approximately 24 whiteboards Document Cams District Wide $6, Document Cams Video Conferencing Systems SHS\MS $18, SHS\MS systems VDI Expansion District Wide $50, Expansion for adding more clients Citrix Receivers and Monitors District Wide $10, SHS\MS Libraries (Pilot) Phone System District Wide $150, years old- SIS District Wide $90, In need of a fully functional system HS Auditorium Projector Senior High $20, No projector mounted Postini SPAM filter and archiving District Wide $8, Essential if we move toward GMAIL for either students or staff Network Switch Electronics District Wide $20, Pending Network Assessment Total $774, Sincerely, Brad Schrecengost We, the Franklin Regional School community, strive for excellence, learning, achievement, and citizenship in all we do. 3

5 PROPOSED TECHNOLOGY REPLACEMENT MATRIX Replacement Projects Detail Location Yrs 14/15 COMMENTS Special Ed Laptop Replacement SHS\MS 5+ $15, Over 5 years old-cannot support current software SHS Gifted Laptops SHS\MS 5+ $7, Over 5 years old-cannot support current software HS\MS CFF Laptops SHS\MS 5 to 7 $200, ($900 Laptops) or 716 ($279 ChromeBooks) Middle School TV Studio SHS\MS 10+ $20, TV studio is due for replacement Senior High Business Lab 211 SHS\MS 5+ Deferred Possibly VDI (Depends on Curriculum) SHS\MS CFF LCD Projectors SHS\MS 5 to 7 Deferred Deferred-These can be replaced as needed SHS\MS Smart Boards Replacement 5 to 7 Deferred Deferred-These can be replaced as needed Teacher computers District Wide 5 to 7 $30, Replace older CFF teacher laptops-begin 3rd grade Central Admin Computers Administration 5+ $5, Replace aging computer in the Administration Offices Misc-Tech Supplies (Unidentified) District Wide $25, Listed below New Projects ES 4th & 5th\Sped Ed White Boards\Student Response sys Elementary $120, Approximately 24 whiteboards Document Cams District Wide $6, Document Cams Video Conferencing Systems SHS\MS $18, SHS\MS systems VDI Expansion District Wide $50, Expansion for adding more clients Citrix Receivers and Monitors District Wide $10, SHS\MS Libraries (Pilot) Phone System District Wide $150, years old- SIS District Wide $90, In need of a fully functional system HS Auditorium Projector Senior High $20, No projector mounted Postini SPAM filter and archiving District Wide $8, Essential if we move toward GMAIL for either students or staff Network Switch Electronics District Wide $20, Pending Network Assessment Total $794, Other Tech Google Laptops $200, FRSD has about 800 laptops in need of replacement Pos machines Regular Laptop $200, Keyboards\Mice Admin Projectors CFF projector replacements SHS Art Cameras 4

6 PROPOSED TECHNOLOGY REPLACEMENT MATRIX Replacement Projects Detail Location Yrs/Life 15/16 COMMENTS Senior High Multimedia Lab\Newspaper Senior High 5+ $80, In need of replacement Senior High Art Labs Senior High 5+ $60, In need of replacement HS\MS Laptops MS/SHS 5+ $200, ($900 Laptops) or 716 ($279 Chromebooks) Middle School Lab Room 221 Middle School 5+ $45, Possibly VDI (Depends on Curriculum) Elementary Labs Elementary 5+ $90, Possibly VDI (Depends on Curriculum) Central Admin PCs Central Admin PCs 5 $8, In need of replacement Senior High School CFF LCD Projectors Senior High School 5 to 10 $10, Defer-As Needed Citrix Receivers /Monitors District Wide $15, Where appropriate Teacher Laptops and docking station ES/MS/HS $40, Primary Grades & CFF Laptops Other Tech Supplies District Wide $25, As needed New Projects ES White Boards 2nd and 3rd Grades Elementary $100, Approximately 24 Whiteboards Document Cams Elementary $6, Middle School\High School VDI Expansion District Wide $50, District Wide Finance Software District Wide 5 to 10 $150, Administration Document Management District Wide $20, Documents are stored onsite with no safety measures Network Switch Electronics District Wide 5 to 10 $20, District Wide Total $919,

7 PROPOSED TECHNOLOGY REPLACEMENT MATRIX Replacement Projects Detail Location Yrs 1617 COMMENTS ES Library Computers Elementary 5+ $15, Circulation Desks Library Laptops Carts ES Elementary 5+ $80, Carts over 7 yrs HS\MS Laptops MS\SHS 5 to 8 $150, Refresh cycle SHS\MS Smart Boards Replacement Senior High 5 to 10 $50, Boards over 10 yrs SHS\MS Projector Replacement MS\SHS 6 to 8 $20, Projectors over 10yrs SHS\MS Teacher Laptops Middle School 5 $30, Refresh cycle Other Tech Supplies District Wide $25, As needed New Projects K & 1st Elementary Whiteboards Elementary $100, Approximately 24 whiteboards K & 1st Tablets Elementary $80, Doc cams Elementary $10, Tech ED hardware District Wide $100, Upgrade/Expansion of VDI project District Wide $50, Network Switches District Wide $50, Total $760,

8 PROPOSED TECHNOLOGY REPLACEMENT MATRIX Replacement Projects Detail Location Yrs 17/18 COMMENTS Senior High Macs Senior High 5+ $80, Macs, Server, and Network Switch HS Business Labs Senior High 5+ $100, Possibly VDI (Depends on Curriculum) SHS\MS Laptops MS/SHS 5+ $100, Refresh Inventory SHS\MS\ES Projector Replacements MS/SHS 5+ $20, Boards over 10 yrs old SHS\MS Replacement Whiteboards Middle/High 5+ $80, MS Replacement Whiteboards Central Admin PCs Central Admin 5+ $8, PCs Elementary Teacher Computers Elementary $30, Replacements Other Tech Supplies District Wide $25, As needed New Projects VM Ware Server Replacement\Upgrade District Wide $150, VM Server Firewall replacement District Wide $40, Total $633,

9 PROPOSED TECHNOLOGY REPLACEMENT MATRIX Replacement Projects Detail Location Yrs 17/18 COMMENTS GEMM Lab 132 Middle School 5+ $50, Macs, Server, and Network Switch GEMM Lab 136 Middle School 5+ $50, Macs, Server, and Network Switch SHS\MS Laptops SHS\MS 5+ $200, Refresh Cycle SHS\MS Smart Boards Replacement Senior High 5 to 10 $50, Boards over 10 yrs SHS\MS Projector Replacement MS\SHS 10 $20, Projectors over 10 yrs Laptops/Docs - Teachers & Admin Replacement District Wide 5+ $40, Refresh Cycle Senior High TV Studio Equipment Senior high 5+ $70, Over 5 Years old Other Tech Supplies District Wide $25, As needed New Projects Network Storage -SAN District Wide 5+ $100, Increase storage and replace outdated Total $605,

10 The purpose of this report is to make projections to assist with the budget development. These are only projections and subject to change. It is an attempt to predict what the ending fund balance totals will be to assist with the decision making process relating to the millage rate increase. FUND BALANCE PROJECTIONS General Technology Capital Fund Fund Fund June 30, 2013 End of Year Fund Balance $10,819,672 $2,507,152 $5,360,690 Adjusted Beginning Fund Balance $10,819,672 $2,507,152 $5,360,690 Projected Increase/(Decrease) to Fund Balance Resulting From: Based on January EOY Projections $49,153,086 Budgeted Expenditures ($46,480,462) ($640,500) ($1,611,000) Total Projected Increase/(Decrease) to Fund Balance $2,672,624 ($640,500) ($1,611,000) Fund Balance Transfer ($2,805,000) $425,000 $2,380,000 Healthcare Consortium Reserve Release payment $423,255 June 30, 2014 Projected End of Year Fund Balance $11,110,551 $2,291,652 $6,129,690 June 30, 2014 Projected Breakdown of Fund Balance: Restricted - Capital $6,129,690 Committed - Technology $2,291,652 Non-spendable - Healthcare Prepaid $460,000 Committed - Board Policy $1,000,000 Committed - PSERS Rate Stabilization $5,842,001 Assigned - Athletic Facilities Repair $35,669 Unassigned $3,772,881 9

11 BUDGET SUMMARY EXPENDITURES INCREASE/ BUDGET AREA ACTUALS BUDGET BUDGET (DECREASE) COMMENTS Senior High $235,221 $275,296 $267,300 ($7,996) Per pupil cost ($220/pupil)1215 pupils Middle School $162,272 $179,600 $176,988 ($2,612) Per pupil cost ($196/pupil)903 pupils Heritage $75,862 $93,300 $90,145 ($3,155) Per pupil cost ($149/pupil)605 pupils Sloan $70,979 $97,950 $94,168 ($3,782) Per pupil cost ($149/pupil)632 pupils Newlonsburg $26,929 $37,200 $35,760 ($1,440) Per pupil cost ($149/pupil)240 pupils Guidance Services $80,576 $0 $15,000 Stand-alone budget in ; removed $15,000 from building budgets Health Services $29,350 $28,909 $36,000 Includes EMS, School Physican, School Dentist; Nursing removed from building $7,091 budgets Transportation $2,394,076 $2,361,691 $2,539, % increase in AJ Myers contract; Includes $178,184 of IU and ESY transportation Special Education $1,408,639 $1,486,898 $1,785,000 $298,102 Increased outside placements Human Resources $19,000 $37,800 $38,900 $1,100 Implementation of Applictrack System Title Funds $24,928 $25,619 $23,493 ($2,126) Required set-asides Curriculum Development $307,075 $185,900 $197,700 $11,800 Multiple curricular areas under review ESL $4,810 $5,050 $5,050 $0 Tax Collections/Insurance (package, e & o, umbrella, etc ) $493,378 $565,129 $572,665 Projected 10% increase in insurance $7,536 premiums Other LEA Tuition/Tuition Reimb/Bud Res/Copiers/Prof Svs (audit, legal, etc ) $1,604,326 $1,718,099 $1,889,466 $171,367 Increased Charter School Tuitions Athletics and Student Activities $277,160 $320,520 $320,520 $0 Admin Phone Lines/District Long Distance $19,161 $34,500 $34,500 $0 Debt Service $3,741,923 $1,739,131 $1,753,818 $14,687 Per current bond amortization schedues Board Services/Central Administration $21,026 $28,250 $36,600 Includes broadcasting of board meetings and $8,350 PSBA Policy Review services Data Processing $294,798 $386,140 $539,500 Outsource building level technician; New $153,360 Student Information System Community Relations $11,964 $18,450 $18,450 $0 Maintenance Services $1,293,787 $1,464,693 $1,464,277 ($416) Staff Development $43,031 $34,950 $35,650 $700 TOTAL BUDGETS $12,640,270 $11,125,075 $11,970,825 $845,750 Projected increase of 7.60% Salaries $24,173,626 $24,316,852 $24,680,563 $363,711 Per contracts and agreements FICA $1,789,472 $1,845,695 $1,878,580 $32, % of salaries Retirement $2,858,336 $4,063,662 $5,251,828 $1,188, % of salaries Workers Compensation $123,983 $127,214 $130,128 $2,914.53% of salaries TOTAL SALARIES & BENEFITS $28,945,417 $30,353,423 $31,941,099 $1,587,676 Projected Increase of 5.23% TOTAL INSURANCE $4,619,280 $5,001,964 $4,907,033 Budgeted premium increase of 7.0% for Medical; Claims through Dec. trending at 2%; 57 Retirees contracts expired ~$305,000; ($94,931) Projected decrease of 1.90% Budgeted Increase of 26% for Pension Rate TOTAL SALARIES, BENEFITS AND INSURANCE $33,564,697 $35,355,387 $36,848,132 and 7.0% for Medical Premiums; $1,492,745 Projected Increase of 4.22% TOTAL TRANSFER TO TECHNOLOGY $425,000 $425,000 $425,000 $0 TOTAL TRANSFER TO CAPITAL $517,181 $2,380,000 $985,000 ($1,395,000) TOTAL EXPENDITURES $47,147,148 $49,285,462 $50,228,957 $943,495 Overall Projected Increase of 1.91% 2/17/

12 REVENUES INCREASE/ BUDGET AREA ACTUALS BUDGET BUDGET (DECREASE) Local $35,800,609 $34,936,888 $35,451,827.65% growth in Assessed Property Values; $514,939 3% growth on 3-year avg. EIT collections; State $12,629,711 $13,361,735 $13,959,440 Basic Ed Flat; Increases in Retirement and Social Security reimbursement, and inclusion of ABG; Does NOT include Ready to Learn $597,705 Grant Federal $311,875 $236,056 $229,500 ($6,556) Other $941 $10,000 $10,000 $0 TRANSFER FROM FOOD SERVICE $0 $50,000 $25,000 ($25,000) Custodial costs paid by general fund TOTAL REVENUE $48,743,136 $48,594,679 $49,675,767 Overall Projected increase of $1,081, % DIFFERENCE BETWEEN PROJECTED REVENUES & EXPENDITURES $1,595,988 ($690,783) ($553,190) PSERS Fund Balance Usage 270, ,000 DIFFERENCE BETWEEN PROJECTED REVENUES & EXPENDITURES - Including PSERS Fund Balance Usage (420,783) (268,190) Notes: The district index is 2.4%, which equates to 2.10 mills, based upon our current millage rate of Act 48 of 2003 Fund Balance Information: Estimated ending fund balance at June 30, 2014 $11,110, budgeted fund balance surplus (deficit) ($553,190) Estimated ending fund balance at June 30, 2015 $10,557,361 Non-spendable Fund Balance $460,000 Committed Fund Balance $6,557,001 Assigned & Unassigned Fund Balance $3,540, % 8% of Budgeted Expenditures*** $4,018, % Value of mill Additional revenues Act 1 Index mills $338,500 $710,850 ***Note the board can only raise to the Act 48 limit (i.e. 8% of budgeted expenditures). 2/17/

13 FRSD PSERS Prefunding Plan Under Current PSERS Projections Fiscal Year PSERS Projected Total Employer FRSD Total Required FRSD Actual Effective FRSD FRSD Yearly Cumulative Increased Increased PDE Use of PSERS Remaining Millage Rate of Return Required Rate Eligible Payroll Contribution Contribution Contribution Rate Commitment PSERS Fund Bal. Req'd Funding Reimbursement Fund Balance Local Effort Impact 2008/ % 4.76% 21,620,356 1,029,129 1,289, % 260, , / % 4.78% 22,459,207 1,073,550 1,410, % 336, ,707 44,421 22,211-22, / % 5.64% 23,744,807 1,339,207 2,334, % 995,294 1,592, , , , / % 8.65% 23,843,916 2,062,499 3,062, % 1,000,000 2,592, , , , / % 12.36% 24,185,622 2,989,343 4,239, % 1,250,000 3,842, , , , / % 16.93% 24,316,852 4,116,843 6,116, % 2,000,000 5,842,001 1,127, , , / % 21.40% 24,541,253 5,251,828 5,251, % - 5,278,251 1,134, ,493 1,131,538 (295) (0.00) 2015/ % 25.84% 25,277,491 6,531,704 6,531, % - 4,146,713 1,279, ,938 1,771,548 (72) (0.00) 2016/ % 29.27% 26,035,815 7,620,683 7,620, % - 2,375,165 1,088, ,490 2,316,099 (61) (0.00) 2017/ % 30.25% 26,816,890 8,112,109 8,112, % - 59, , ,713 59,066 2,502, / % 31.28% 27,621,396 8,639,973 8,639, % , , , / % 32.08% 28,450,038 9,126,772 9,126, % , , , / % 32.02% 29,303,540 9,382,993 9,382, % , , , / % 32.01% 30,182,646 9,661,465 9,661, % , , , / % 32.22% 31,088,125 10,016,594 10,016, % , , , / % 32.30% 32,020,769 10,342,708 10,342, % , , , / % 32.36% 32,981,392 10,672,778 10,672, % , , , / % 32.43% 33,970,834 11,016,741 11,016, % , , , Fiscal Year PSERS Projected Total Employer FRSD Total Required FRSD Actual Effective FRSD FRSD Yearly Cumulative Increased Increased PDE Use of PSERS Remaining Millage Rate of Return Required Rate Eligible Payroll Contribution Contribution Contribution Rate Designation PSERS Fund Bal Req'd Funding Reimbursement Fund Balance Local Effort Impact 2008/ % 4.76% 21,620,356 1,029,129 1,289, % 260, , / % 4.78% 22,459,207 1,073,550 1,410, % 336, ,707 44,421 22,211-22, / % 5.64% 23,744,807 1,339,207 2,334, % 995,294 1,592, , , , / % 8.65% 23,843,916 2,062,499 3,062, % 1,000,000 2,592, , , , / % 12.36% 24,185,622 2,989,343 4,239, % 1,250,000 3,842, , , , / % 16.93% 24,316,852 4,116,843 6,116, % 2,000,000 5,842,001 1,127, , , / % 21.40% 24,541,253 5,251,828 5,251, % - 5,842,001 1,134, , , , / % 25.84% 25,277,491 6,531,704 6,531, % - 5,557,001 1,279, , , , / % 29.27% 26,035,815 7,620,683 7,620, % - 4,917,001 1,088, , , , / % 30.25% 26,816,890 8,112,109 8,112, % - 4,022, , , , , / % 31.28% 27,621,396 8,639,973 8,639, % - 3,172, , , , , / % 32.08% 28,450,038 9,126,772 9,126, % - 2,352, , , , , / % 32.02% 29,303,540 9,382,993 9,382, % - 1,582, , , , , / % 32.01% 30,182,646 9,661,465 9,661, % - 982, , , , , / % 32.22% 31,088,125 10,016,594 10,016, % - 542, , , , , / % 32.30% 32,020,769 10,342,708 10,342, % - 222, , , , , / % 32.36% 32,981,392 10,672,778 10,672, % - 42, , ,035 42, , / % 32.43% 33,970,834 11,016,741 11,016, % , , , Assumptions: 1) Projected rate of return and employer required rate obtained from PSERS website 2) Eligible Payroll increases 3.0% each year subsequent to 2014/2015; actual expense used for prior years 3) Value of a mill increases.75% each year subsequent to 2014/2015; actual value of a mill used for prior years 4) Millage impact takes into consideration the 50% reimbursement from the State Immediate Payout of Committed Fund Balance Payout of Fund Balance to "Smooth" Millage Effect 12

14 Franklin Regional School District Multi-year Budget and Fund Balance Projection As of February 19, 2014 Millage increase (raise to index) Actual Projected Budget GENERAL FUND Revenues 48,743,137 49,576,341 50,014,267 51,698,660 53,397,810 Use Fund Balance for PSERS , , ,000 Total Revenues 48,743,137 49,576,341 50,299,267 52,338,660 54,292,810 Expenditures 47,147,148 49,285,462 50,228,957 52,918,429 55,532,296 Results of Operations 1,595, ,879 70,310 (579,769) (1,239,486) Transfer to PSERS (1,250,000) (2,000,000) Change in Restricted 5,670 (3,011) Beginning Fund Balance 5,169,023 5,520,682 3,808,550 3,878,860 3,299,091 Ending Fund Balance 5,520,682 3,808,550 3,878,860 3,299,091 2,059,604 Year to Year Expenditure $$ increase $ 2,084,724 $ 2,138,314 $ 943,495 $ 2,689,472 $ 2,613,867 Year to Year Expenditure % increase 4.63% 4.54% 1.91% 5.35% 4.94% 8% of Expenditures 3,771,772 3,942,837 4,018,317 4,233,474 4,442,584 Additional mills needed to balance budget (4.81) (0.87) (0.21) NOTE: This document is designed to provide analysis of long-term financial information and utilizes numerous assumptions related to revenues and expenditures based upon historical trends. These assumptions are not changed as frequently as those used in the Budget Summary document, as that document focuses on the current budget year only. Therefore, revenues and expenses per this document may not always agree to the Budget Summary. 13

15 Proposed Ready to Learn Grant Proposed Ready to Learn Grant PA Accountability Grant Student- Focused Funding Supplement Per Student Factor English Language Learner Factor Preliminary Student Poverty Focused Funding Factor Supplement Preliminary ADM Preliminary Economically Disadv. ADM AUN LEA Name County Belle Vernon Area SD Westmoreland $589,599 $185,019 $404,580 $373, $ $31, $404, , Burrell SD Westmoreland $356,197 $104,315 $251,882 $236, $ $15, $251, , Derry Area SD Westmoreland $524,071 $157,136 $366,935 $331, $91.42 $35, $367, , Franklin Regional SD Westmoreland $459,227 $105,339 $353,888 $341, $ $11, $354, , Greater Latrobe SD Westmoreland $709,760 $170,188 $539,572 $504, $ $35, $539, , , Greensburg Salem SD Westmoreland $574,549 $162,268 $412,281 $374, $ $37, $412, , , Hempfield Area SD Westmoreland $964,483 $243,692 $720,791 $683, $ $37, $721, , , Jeannette City SD Westmoreland $328,053 $102,799 $225,254 $194, $0.00 $31, $225, , Kiski Area SD Westmoreland $843,514 $225,720 $617,794 $560, $ $57, $618, , , Ligonier Valley SD Westmoreland $214,373 $82,992 $131,381 $120, $11.20 $10, $131, , Monessen City SD Westmoreland $264,197 $88,891 $175,306 $152, $79.05 $22, $175, Mount Pleasant Area SD Westmoreland $462,977 $131,069 $331,908 $303, $63.74 $28, $332, , New Kensington-Arnold SD Westmoreland $628,454 $205,818 $422,636 $366, $ $55, $422, , , Norwin SD Westmoreland $921,108 $222,586 $698,522 $664, $ $34, $698, , , Penn-Trafford SD Westmoreland $781,313 $218,655 $562,658 $542, $ $20, $562, , Southmoreland SD Westmoreland $474,330 $146,779 $327,551 $292, $67.39 $35, $327, , Yough SD Westmoreland $534,511 $161,933 $372,578 $336, $0.00 $36, $372, , Dr. Robert Ketterer CS Westmoreland $28,431 $28,431 $23, $0.00 $5, $28, $340,000,000 $100,000,000 $240,000,000 $213,464, $988, $25,634, $240,087, ,748, , , LEP Count MV/PI Aid Ratio * ADM not reported Base $ Page 1 of 1 14 February 2014