AVON GROVE SCHOOL DISTRICT PRELIMINARY BUDGET

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1 01 AVON GROVE SCHOOL DISTRICT PRELIMINARY BUDGET

2 BUDGET Review Focus Areas Review Audited Results Update of Focus Areas Update of Budget Focus Areas Preliminary Budget Budget Timeline

3 AVON GROVE SCHOOL DISTRICT BUDGET REVIEW

4 REVIEW OF FOCUS AND ACCOMPLISHMENTS Full-day kindergarten Interactive board replacement Art equipment replacement Math & ELA - Fundations 1:1 initiative Study Island Academic vocabulary Improving student attendance New bell schedule implementation Penn London Elementary School Avon Grove Intermediate School Fred S. Engle Middle School Avon Grove High School

03 2016-17 REVIEW OF FOCUS AND ACCOMPLISHMENTS

programs New bell schedule World Languages Social

board replacement PC labs in HS Switching and access

plant Modular permitting, procurement and

5 REVIEW OF FOCUS AND ACCOMPLISHMENTS Language training Retaining students in Avon Grove programs New bell schedule World Languages Social Studies 1:1 grades 7-8 Projector and interactive board replacement PC labs in HS Switching and access point replacement Sale of waste water treatment plant Modular permitting, procurement and installation AGI cafeteria lighting Pupil Services Curriculum Technology Facilities

6 ACTUAL 03

7 ACTUAL 03

8 TOTAL REVENUE 30,203,441 35% 1,191,439 1% Property Tax Local Other State Federal 2,451,950 3% 51,662,372 61%

9 LOCAL REVENUE 294,488 0% 840,094 2% 1,058,518 2% 1,225,104 2% Real Estate Tax Delinq R/E Tax Interim R/E Tax Transfer Tax Misc 50,696,118 94%

03 2016-17 EXPENSES 2,122,493 2% 1,380,614 2% 849,906 1% 4,380,000 5%

Services Srvcs Repair/Maint/Rental Trans/Insurance/Tuit Supplies Capital Bond

10 EXPENSES 2,122,493 2% 1,380,614 2% 849,906 1% 4,380,000 5% 17,410,865 20% 1,886,779 2% 30,701,829 35% Salaries Benefits Prof Pref Services Srvcs Repair/Maint/Rental Trans/Insurance/Tuit Supplies Capital Bond Interest/Dues/Fees Bond Pricnipal/Trans Bond Principle/Trans 10,777,085 12% 18,966,334 21%

11 AVON GROVE SCHOOL DISTRICT UPDATE

12 REVIEW OF FOCUS AND ACCOMPLISHMENTS Language Arts Student software - Study Island, Ed Mentum Full day kindergarten Language Arts 1:1 6 th grade MTSS Study Island ELA Collaborative time for staff Technology integration Schoology 1:1 9 th grade Penn London Elementary School Avon Grove Intermediate School Fred S. Engle Middle School Avon Grove High School

13 REVIEW OF FOCUS AND ACCOMPLISHMENTS Retaining students in Avon Grove Gifted Taskforce Evaluations Language Arts Staff resources 1:1 grades 6-9 Virtual environments Modular technology Switching and access point replacement Complete modular installation HS roof repairs (library) Elementary campus natural gas PLE cafeteria floor Pupil Services Curriculum Technology Facilities

14 UPDATE 03

15 AVON GROVE SCHOOL DISTRICT PRELIMINARY BUDGET

18 EXPENDITURES IMPACTING 08 THE PRELIMINARY BUDGET SALARIES $695,000 BENEFITS $1,700,000 PROFESSIONAL SERVICES $936,000 OTHER SERVICES (TRANSPORTATION/TUITION/INS) $916,000 Contractual Increases Healthcare $1,000,000 PSERS $530,000 (33.43% vs %) Pupil Services Tuition $628,000 Transportation $267,000

19 08 ITEMS EFFECTING THE BUDGET Revenue Avon Grove taxable assessed values have increased by $2M State revenue is based upon amounts as approved with the passage of the Budget and District statistical information Federal revenue is based on allocations

08 ACT 1 LOCAL REVENUE Avon Grove School District Tax Increase Compared to Act 1 Index 2010 through 2018 7.00% 6.00% 5.90% Tax Increase Act 1 Index 5.00% 4.00% 3.00% 3.80% 3.80% 2.18% 2.20% 2.30% 2.

20 08 ACT 1 LOCAL REVENUE Avon Grove School District Tax Increase Compared to Act 1 Index 2010 through % 6.00% 5.90% Tax Increase Act 1 Index 5.00% 4.00% 3.00% 3.80% 3.80% 2.18% 2.20% 2.30% 2.80% 2.80% 2.39% 2.40% 3.10% 3.20% 3.30% 2.50% 2.00% 1.80% 1.00% 0.00% 0.00% Act 1 Index Base Index 2.4% AG Adjusted Index 3.1% * Avon Grove millage increase exceeded the Act 1 Index. PDE approved exceptions for PSERS & Special Education.

21 08 REAL ESTATE MILLAGE FOR CHESTER COUNTY SCHOOL DISTRICTS Average Change 10 Year Period to % 4.50% 4.00% 3.50% 3.12% 3.20% 3.32% 3.00% 2.80% 2.76% 2.50% 2.00% 2.27% 1.78% 2.28% 2.44% 2.23% % 1.24% 1.00% 0.50% 0.00%

0% 21.40% 20.0% 16.93% 15.0% 12.36% 10.0% 4.78% 5.64% 8.65% 5.0% 0.

22 08 PSERS PROJECTED EMPLOYER CONTRIBUTION RATES PSERS Employer Contribution Rates 2010 through % 35.0% 30.03% 32.57% 33.43% 34.79% 35.26% 35.68% 36.32% 30.0% 25.84% 25.0% 21.40% 20.0% 16.93% 15.0% 12.36% 10.0% 4.78% 5.64% 8.65% 5.0% 0.0%

23 PSERS PROJECTED EMPLOYER CONTRIBUTION RATES The chart below shows the 5-year projected employer contribution rates using the June 30, 2017 valuation. PROJECTED EMPLOYER CONTRIBUTION RATES AND TOTAL EMPLOYER CONTRIBUTIONS * (Presumes a 7.25% rate of return) Fiscal Year Ending June Total Employer Contribution Rate % Projected Total Employer Contribution (thousands) $ 18/ ,604,983 19/ ,863,594 20/ ,008,182 21/ ,155,611 22/ ,343,975 Investment Returns PSERS rate of return for fiscal year ended June 30, 2017 was 10.14%, which added approximately $5.0 billion (net of fees) in investment income to the Fund. The Fund had plan net assets of $53.5 billion at June 30, 2017.

24 08 EMPLOYER RETIREMENT COSTS TEN YEAR HISTORY $10,966,586 $11,000,000 $10,432,835 $9,164,456 $9,000,000 $7,723,820 $7,000,000 $6,512,854 $5,026,850 $5,000,000 $3,644,456 $3,000,000 $2,486,775 $1,357,587 $1,876,309 $1,000,000

25 PRELIMINARY OCCUPATIONAL EDUCATION Chester County School District Contribution and Enrollment Changes

26 PRELIMINARY OCCUPATIONAL EDUCATION Chester County School District Contribution and Enrollment Changes

27 08 OCCUPATIONAL EDUCATION COSTS TEN YEAR HISTORY $3,500,000 $3,405,633 $3,351,561 $3,081,308 $3,000,000 $2,710,760 $2,500,000 $2,161,801 $2,048,143 $1,985,356 $2,000,000 $1,864,537 $1,678,894 $1,500,000 $1,129,754 $1,000,000 $500,000

28 08 CHARTER SCHOOL TUITION TEN YEAR HISTORY $11,000,000 $10,178,557 $10,000,000 $10,400,000 $10,000,000 $9,282,016 $9,000,000 $8,244,111 $8,000,000 $7,210,719 $7,540,215 $7,552,242 $7,000,000 $6,371,656 $6,000,000 $5,396,564 $5,000,000

29 AGSD DEBT SERVICE 03

08 2018-19 PRELIMINARY BUDGET Selected General Fund

7 7.8 Capital Occ Ed $50 6.0 11.2 Debt $45 6.

30 PRELIMINARY BUDGET Selected General Fund Expenditures Millions $ $ $ $60 $ Capital Occ Ed $ Debt $ Healthca re Tuition $ $ $ $ Actual Budget

08 2018-19 PRELIMINARY BUDGET State Revenue Millions $26

0 PA Acct Debt Reimb Trans Spec Ed Ret Charter Basic Ed.

31 PRELIMINARY BUDGET State Revenue Millions $ $ $22 $20 $18 $ PA Acct Debt Reimb Trans Spec Ed Ret Charter Basic Ed. 0.8 $ $ $ Actual Budget

32 25 MAJOR IMPACT ITEMS ENHANCING EDUCATIONAL & SUPPORT PROGRAMS Strategic Plan Guiding Forward Progress 1 Strategic Goal #1: Increase Learning Opportunities for All $0 2 Strategic Goal #2: Develop and Implement a Systems Thinking Approach Strategic Goal #3: Develop & Establish a Communication & Community Outreach Plan $100,000 Senior Tax Rebate Program 3 $0

33 BUDGET CALENDAR December 14, 2017 January 16, 2018 February 13, 2018 BOE meeting consideration of Opt-Out Resolution (Action Taken Dec Finance Committee Meeting Presentation of Draft Budget Finance Committee Budget Revenues March 13, 2018 Finance Committee Budget Expenditures April 17, 2018 Finance Committee Budget Capital Plan April 26, 2018 May 14, 2018 Proposed Final Budget Adoption Board Meeting Finance Committee Budget Work Session June 5, 2018 June 7, 2018 Finance Committee Budget Work Session Final Adoption

34 AVON GROVE SCHOOL DISTRICT QUESTIONS

Review of First Look Budget

Review of First Look Budget Review of First Look 2015-16 Budget Discussion Local Revenue - County / District Historical Assessment - Millage History / Act 1 - Real Estate Tax Increase / Effects - Calculations State Revenue - Campaign