Final General Fund Budget Validations LEA : Penn Cambria SD Printed 6/19/ :30:48 AM. Page 4

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4 Final General Fund Budget Validations Printed 6/19/ :30:48 AM Page - 1 of 1 Val Number Description Justification 8060 Ending Fund Balance Entry and Budgetary Reserve: If 5900 Budgetary Reserve is not equal to 0, a justification must be entered below. This balance is to provide for operating contingencies in the case of unpredictable changes in the cost of goods and services and occurrences of events which are unknown and unforeseen during time of budget preparations Ending Fund Balance Entry and Budgetary Reserve: If 0850 Estimated Ending Unassigned Fund Balance is not equal to 0, a justification must be entered below. The unassigned fund balance is available for any purpose in the General Fund; appropriate for expenditures for which the board has made no specific plans Ending Fund Balance Entry and Budgetary Reserve: If 0830 Committed Fund Balance is not equal to 0, a justification must be entered below. The committed fund balance was established by the board of directors for the following purposes: PSERS set-aside, future debt service, compensated absences, technology, retirement payouts and related unanticipated expenses Ending Fund Balance Entry and Budgetary Reserve: If 0840 Assigned Fund Balance is not equal to 0, a justification must be entered below. The assigned fund balance reflects balance retained for specific purposes at the discretion of district administration. Page 4

5 Final General Fund Budget Estimated Revenues and Other Financing Sources: Budget Summary Printed 6/19/ :30:49 AM Page - 1 of 1 ITEM AMOUNTS Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year 0810 Nonspendable Fund Balance 98, Restricted Fund Balance 0830 Committed Fund Balance 4,943, Assigned Fund Balance 15, Unassigned Fund Balance 1,794,612 Total Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year $6,752,643 Estimated Revenues And Other Financing Sources 6000 Revenue from Local Sources 7,253, Revenue from State Sources 16,271, Revenue from Federal Sources 340, Other Financing Sources Total Estimated Revenues And Other Financing Sources $23,865,662 Total Estimated Fund Balance, Revenues, and Other Financing Sources Available for Appropriation $30,618,305 Page 5

6 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail Printed 6/19/ :30:50 AM Page - 1 of 2 Amount REVENUE FROM LOCAL SOURCES 6111 Current Real Estate Taxes 4,858, Interim Real Estate Taxes 25, Public Utility Realty Taxes 7, Payments in Lieu of Current Taxes - State / Local 14, Current Per Capita Taxes, Section , Current Act 511 Taxes - Flat Rate Assessments 78, Current Act 511 Taxes - Proportional Assessments 1,280, Delinquencies on Taxes Levied / Assessed by the LEA 341, Earnings on Investments 60, Revenues from LEA Activities 30, Revenues from Intermediary Sources / Pass-Through Funds 346, Rentals 7, Tuition from Patrons 40, Services Provided Other Local Governmental Units / LEAs 77, Refunds and Other Miscellaneous Revenue 52,900 REVENUE FROM LOCAL SOURCES $7,253,172 REVENUE FROM STATE SOURCES 7110 Basic Education Funding 9,609, Special Education funds for School-Aged Pupils 1,255, Pre-K Counts 136, Pupil Transportation Subsidy 1,265, Nonpublic and Charter School Pupil Transportation Subsidy 115, Rental and Sinking Fund Payments / Building Reimbursement Subsidy 475, Health Services (Medical, Dental, Nurse, Act 25) 35, State Property Tax Reduction Allocation 452, Ready to Learn Block Grant 313, State Share of Social Security and Medicare Taxes 483, State Share of Retirement Contributions 2,130,185 REVENUE FROM STATE SOURCES $16,271,752 REVENUE FROM FEDERAL SOURCES 8514 NCLB, Title I - Improving the Academic Achievement of the Disadvantaged 8515 NCLB, Title II - Preparing, Training and Recruiting High Quality Teachers and Principals 8810 School-Based Access Medicaid Reimbursement Program (SBAP) Reimbursements (Access) 236,738 62,000 35,000 Page 6

7 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail LEA : Printed 6/19/ :30:50 AM Penn Cambria SD Page - 2 of 2 Amount REVENUE FROM FEDERAL SOURCES 8820 Medical Assistance Reimbursement for Administrative Claiming (Quarterly) Program 7,000 REVENUE FROM FEDERAL SOURCES $340,738 TOTAL ESTIMATED REVENUES AND OTHER SOURCES 23,865,662 Page 7

8 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: Printed 6/19/ :30:51 AM Penn Cambria SD Multi-County Rebalancing Based on Methodology of Section of School Code Page - 1 of 3 Act 1 Index (current): 3.4% Calculation Method: Revenue Section Method Choice: (a)(1) Number of Decimals For Tax Rate Calculation: 2 Approx. Tax Revenue from RE Taxes: $4,858,524 Amount of Tax Relief for Homestead Exclusions $452,395 Total Approx. Tax Revenue: $5,310,919 Approx. Tax Levy for Tax Rate Calculation: $5,762,065 Blair Cambria Total Data a. Assessed Value $6,041,700 $101,500,930 $107,542,630 b. Real Estate Mills I Data c STEB Market Value $3,219,449 $502,904,921 $506,124,370 d. Assessed Value $6,028,300 $103,831,210 $109,859,510 e. Assessed Value of New Constr/ Renov $0 $0 $ Calculations f Tax Levy $33,411 $5,544,996 $5,578,407 (a * b) Calculations II. g. Percent of Total Market Value % % % h. Rebalanced Tax Levy $35,484 $5,542,923 $5,578,407 (f Total * g) i. Base Mills Subject to Index (h / a * 1000) if no reassessment (h / (d-e) * 1000) if reassessment Calculation of Tax Rates and Levies Generated j. Weighted Avg. Collection Percentage % % % k. Tax Levy Needed $36,652 $5,725,413 $5,762,065 III. (Approx. Tax Levy * g) l Real Estate Tax Rate (k / d * 1000) m. Tax Levy Generated by Mills $36,592 $5,725,253 $5,761,845 (l / 1000 * d) n. Tax Levy minus Tax Relief for Homestead Exclusions $5,309,450 (m - Amount of Tax Relief for Homestead Exclusions) o. Net Tax Revenue Generated By Mills $4,858,322 (n * Est. Pct. Collection) Page 8

9 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: Printed 6/19/ :30:51 AM Penn Cambria SD Multi-County Rebalancing Based on Methodology of Section of School Code Page - 2 of 3 Act 1 Index (current): 3.4% Calculation Method: Revenue Section Method Choice: (a)(1) Number of Decimals For Tax Rate Calculation: 2 Approx. Tax Revenue from RE Taxes: $4,858,524 Amount of Tax Relief for Homestead Exclusions $452,395 Total Approx. Tax Revenue: $5,310,919 Approx. Tax Levy for Tax Rate Calculation: $5,762,065 Blair Cambria Total Index Maximums p. Maximum Mills Based On Index (i * (1 + Index)) q. Mills In Excess of Index (if (l > p), (l - p)) r. Maximum Tax Levy Based On Index $36,608 $5,865,155 $5,901,763 IV. (p / 1000 * d) s. Millage Rate within Index? Yes Yes (If l > p Then No) t. Tax Levy In Excess of Index $0 $0 $0 (if (m > r), (m - r)) u.tax Revenue In Excess of Index $0 $0 $0 (t * Est. Pct. Collection) Information Related to Property Tax Relief V. Assessed Value Exclusion per Homestead $20, $2, Number of Homestead/Farmstead Properties Median Assessed Value of Homestead Properties $94,500 Page 9

10 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: Printed 6/19/ :30:51 AM Penn Cambria SD Multi-County Rebalancing Based on Methodology of Section of School Code Page - 3 of 3 Act 1 Index (current): 3.4% Calculation Method: Revenue Section Method Choice: (a)(1) Number of Decimals For Tax Rate Calculation: 2 Approx. Tax Revenue from RE Taxes: $4,858,524 Amount of Tax Relief for Homestead Exclusions $452,395 Total Approx. Tax Revenue: $5,310,919 Approx. Tax Levy for Tax Rate Calculation: $5,762,065 Blair Cambria Total State Property Tax Reduction Allocation used for: Homestead Exclusions $452,395 Lowering RE Tax Rate $0 $452,395 Prior Year State Property Tax Reduction Allocation used for: Homestead Exclusions $0 $0 Amount of Tax Relief from State/Local Sources $452,395 Page 10

11 Final General Fund Budget Local Education Agency Tax Data REAL ESTATE, PER CAPITA (SEC. 679), EIT/PIT (ACT 1), LOCAL ENABLING (ACT 511) Printed 6/19/ :30:52 AM Page - 1 of 1 CODE 6111 Current Real Estate Taxes County Name Taxable Assessed Value Real Estate Mills Tax Levy Generated by Mills Amount of Tax Relief for Homestead Exclusions Tax Levy Minus Homestead Exclusions Percent Collected Blair 6,028, , % Net Tax Revenue Generated By Mills Cambria 103,831, ,725, % Totals: 109,859,510 5,761, ,395 = 5,309,450 X % = 4,858,322 Rate Estimated Revenue 6120 Current Per Capita Taxes, Section 679 $ , Current Act 511 Taxes Flat Rate Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue 6141 Current Act 511 Per Capita Taxes $5.00 $ ,000 36, Current Act 511 Occupation Taxes Flat Rate $5.00 $ ,000 22, Current Act 511 Local Services Taxes $5.00 $ ,000 20, Current Act 511 Trailer Taxes $0.00 $ Current Act 511 Business Privilege Taxes Flat Rate $0.00 $ Current Act 511 Mechanical Device Taxes Flat Rate $0.00 $ Current Act 511 Taxes, Other Flat Rate Assessments $0.00 $ Total Current Act 511 Taxes Flat Rate Assessments 78,000 78, Current Act 511 Taxes Proportional Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue 6151 Current Act 511 Earned Income Taxes 0.500% 0.000% 1,220,000 1,220, Current Act 511 Occupation Taxes Current Act 511 Real Estate Transfer Taxes 0.500% 0.000% 60,000 60, Current Act 511 Amusement Taxes 0.000% 0.000% Current Act 511 Business Privilege Taxes Current Act 511 Mechanical Device Taxes Percentage 0.000% 0.000% Current Act 511 Mercantile Taxes Current Act 511 Taxes, Other Proportional Assessments Total Current Act 511 Taxes Proportional Assessments 1,280,000 1,280,000 Total Act 511, Current Taxes 1,358,000 Act 511 Tax Limit --> 506,124,370 X 12 6,073,492 Market Value Mills (511 Limit) Page 11

12 Final General Fund Budget Comparison of Tax Rate Changes to Index Printed 6/19/ :30:53 AM Page - 1 of 1 Tax Functio n Description Tax Rate Charged in: Additional Tax Rate Percent Less than Charged in: Change in or equal to Index Rate Index (Rebalanced) (Rebalanced) Percent Change in Rate Less than or equal to Index 6111 Current Real Estate Taxes Blair % Yes 3.4% Cambria % Yes 3.4% 6120 Current Per Capita Taxes, Section 679 $5.00 $ % Yes 3.4% Current Act 511 Taxes Flat Rate Assessments 6141 Current Act 511 Per Capita Taxes $5.00 $ % Yes 3.4% 6142 Current Act 511 Occupation Taxes - Flat Rate $5.00 $ % Yes 3.4% 6143 Current Act 511 Local Services Taxes $5.00 $ % Yes 3.4% Current Act 511 Taxes Proportional Assessments 6151 Current Act 511 Earned Income Taxes 0.500% 0.500% 0.00% Yes 3.4% 6153 Current Act 511 Real Estate Transfer Taxes 0.500% 0.500% 0.00% Yes 3.4% Page 12

13 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Budget Summary Printed 6/19/ :30:53 AM Page - 1 of 1 Description Amount 1000 Instruction 1100 Regular Programs - Elementary / Secondary 9,841, Special Programs - Elementary / Secondary 3,980, Vocational Education 520, Other Instructional Programs - Elementary / Secondary 370, Nonpublic School Programs 38, Pre-Kindergarten 155,681 Total Instruction $14,906, Support Services 2100 Support Services - Students 658, Support Services - Instructional Staff 863, Support Services - Administration 1,565, Support Services - Pupil Health 368, Support Services - Business 328, Operation and Maintenance of Plant Services 2,058, Student Transportation Services 1,590, Support Services - Central 327, Other Support Services 4,800 Total Support Services $7,764, Operation of Non-Instructional Services 3200 Student Activities 599, Community Services 250 Total Operation of Non-Instructional Services $599, Other Expenditures and Financing Uses 5200 Interfund Transfers - Out 1,560, Budgetary Reserve 100,000 Total Other Expenditures and Financing Uses $1,660,470 Total Estimated Expenditures and Other Financing Uses $24,931,183 Page 13

14 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail Printed 6/19/ :30:54 AM Page - 1 of 4 Description Amount 1000 Instruction 1100 Regular Programs - Elementary / Secondary 100 Personnel Services - Salaries 5,549, Personnel Services - Employee Benefits 3,785, Purchased Professional and Technical Services 41, Purchased Property Services 62, Other Purchased Services 227, Supplies 174, Other Objects 785 Total Regular Programs - Elementary / Secondary $9,841, Special Programs - Elementary / Secondary 100 Personnel Services - Salaries 1,881, Personnel Services - Employee Benefits 1,268, Purchased Professional and Technical Services 469, Purchased Property Services 1, Other Purchased Services 323, Supplies 30, Other Objects 4,645 Total Special Programs - Elementary / Secondary $3,980, Vocational Education 500 Other Purchased Services 520,000 Total Vocational Education $520, Other Instructional Programs - Elementary / Secondary 100 Personnel Services - Salaries 45, Personnel Services - Employee Benefits 19, Purchased Professional and Technical Services 50, Other Purchased Services 250, Supplies 5,830 Total Other Instructional Programs - Elementary / Secondary $370, Nonpublic School Programs 100 Personnel Services - Salaries 23, Personnel Services - Employee Benefits 14,963 Total Nonpublic School Programs $38, Pre-Kindergarten 100 Personnel Services - Salaries 91, Personnel Services - Employee Benefits 64,282 Total Pre-Kindergarten $155,681 Total Instruction $14,906, Support Services 2100 Support Services - Students 100 Personnel Services - Salaries 366, Personnel Services - Employee Benefits 252, Purchased Professional and Technical Services 13,300 Page 14

15 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : Printed 6/19/ :30:54 AM Description Penn Cambria SD 500 Other Purchased Services 2, Supplies 22, Other Objects 495 Total Support Services - Students $658, Support Services - Instructional Staff 100 Personnel Services - Salaries 463, Personnel Services - Employee Benefits 340, Purchased Professional and Technical Services 3, Purchased Property Services 3, Other Purchased Services 5, Supplies 45, Other Objects 2,360 Total Support Services - Instructional Staff $863, Support Services - Administration 100 Personnel Services - Salaries 783, Personnel Services - Employee Benefits 610, Purchased Professional and Technical Services 65, Purchased Property Services 8, Other Purchased Services 41, Supplies 37, Other Objects 19,025 Total Support Services - Administration $1,565, Support Services - Pupil Health 100 Personnel Services - Salaries 167, Personnel Services - Employee Benefits 114, Purchased Professional and Technical Services 71, Purchased Property Services Other Purchased Services Supplies 12, Other Objects 540 Total Support Services - Pupil Health $368, Support Services - Business 100 Personnel Services - Salaries 154, Personnel Services - Employee Benefits 100, Purchased Professional and Technical Services 18, Purchased Property Services 17, Other Purchased Services 15, Supplies 17, Other Objects 4,485 Total Support Services - Business $328,049 Page - 2 of Operation and Maintenance of Plant Services 100 Personnel Services - Salaries 532, Personnel Services - Employee Benefits 465, Purchased Professional and Technical Services 30, Purchased Property Services 364,485 Page 15 Amount

16 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : Printed 6/19/ :30:54 AM Description 500 Other Purchased Services 80, Supplies 575, Property 2, Other Objects 5,902 Total Operation and Maintenance of Plant Services $2,058, Student Transportation Services 400 Purchased Property Services 3, Other Purchased Services 1,586, Supplies 1,650 Total Student Transportation Services $1,590, Support Services - Central 100 Personnel Services - Salaries 109, Personnel Services - Employee Benefits 82, Purchased Professional and Technical Services 21, Purchased Property Services 5, Other Purchased Services 27, Supplies 74, Property 5, Other Objects 290 Total Support Services - Central $327, Other Support Services 500 Other Purchased Services 4,800 Total Other Support Services $4,800 Total Support Services $7,764, Operation of Non-Instructional Services 3200 Student Activities 100 Personnel Services - Salaries 267, Personnel Services - Employee Benefits 106, Purchased Professional and Technical Services 52, Purchased Property Services 10, Other Purchased Services 94, Supplies 58, Other Objects 10,205 Total Student Activities $599, Community Services 600 Supplies 250 Total Community Services $250 Total Operation of Non-Instructional Services $599, Other Expenditures and Financing Uses 5200 Interfund Transfers - Out 900 Other Uses of Funds 1,560,470 Total Interfund Transfers - Out $1,560, Budgetary Reserve Penn Cambria SD Page 16 Page - 3 of 4 Amount

17 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail Printed 6/19/ :30:54 AM Page - 4 of 4 Description Amount 800 Other Objects 100,000 Total Budgetary Reserve $100,000 Total Other Expenditures and Financing Uses $1,660,470 TOTAL EXPENDITURES $24,931,183 Page 17

18 Final General Fund Budget Schedule Of Cash And Investments (CAIN) Printed 6/19/ :30:54 AM Page - 1 of 2 Cash and Short-Term Investments 06/30/2018 Estimate 06/30/2019 Projection General Fund 8,500,000 8,500,000 Public Purpose (Expendable) Trust Fund Other Comptroller-Approved Special Revenue Funds Athletic / School-Sponsored Extra Curricular Activities Fund Capital Reserve Fund - 690, , ,000 Capital Reserve Fund Other Capital Projects Fund Debt Service Fund Food Service / Cafeteria Operations Fund 80,000 75,000 Child Care Operations Fund Other Enterprise Funds Internal Service Fund Private Purpose Trust Fund 30,000 30,000 Investment Trust Fund Pension Trust Fund Activity Fund 15,000 15,000 Other Agency Fund Permanent Fund Total Cash and Short-Term Investments $9,115,000 $8,970,000 Long-Term Investments 06/30/2018 Estimate 06/30/2019 Projection General Fund 2,500 2,500 Public Purpose (Expendable) Trust Fund Other Comptroller-Approved Special Revenue Funds Athletic / School-Sponsored Extra Curricular Activities Fund Capital Reserve Fund - 690, 1850 Capital Reserve Fund Other Capital Projects Fund Debt Service Fund Food Service / Cafeteria Operations Fund Child Care Operations Fund Other Enterprise Funds Internal Service Fund Private Purpose Trust Fund Investment Trust Fund Pension Trust Fund Activity Fund 70,000 70,000 Other Agency Fund Page 18

19 Final General Fund Budget Schedule Of Cash And Investments (CAIN) Printed 6/19/ :30:54 AM Page - 2 of 2 Long-Term Investments 06/30/2018 Estimate 06/30/2019 Projection Permanent Fund Total Long-Term Investments $72,500 $72,500 TOTAL CASH AND INVESTMENTS $9,187,500 $9,042,500 Page 19

20 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/ :30:55 AM Page - 1 of 6 Long-Term Indebtedness 06/30/2018 Estimate 06/30/2019 Projection General Fund 11,190,000 9,635, , , , ,000 3,570,000 3,700,000 40,000,000 43,000,000 Total General Fund $55,421,342 $56,917,166 Public Purpose (Expendable) Trust Fund Total Public Purpose (Expendable) Trust Fund Other Comptroller-Approved Special Revenue Funds Total Other Comptroller-Approved Special Revenue Funds Athletic / School-Sponsored Extra Curricular Activities Fund Total Athletic / School-Sponsored Extra Curricular Activities Fund Capital Reserve Fund - 690, 1850 Page 20

21 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/ :30:55 AM Page - 2 of 6 Long-Term Indebtedness 06/30/2018 Estimate 06/30/2019 Projection Total Capital Reserve Fund - 690, 1850 Capital Reserve Fund Total Capital Reserve Fund Other Capital Projects Fund Total Other Capital Projects Fund Debt Service Fund Total Debt Service Fund Food Service / Cafeteria Operations Fund Page 21

22 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/ :30:55 AM Page - 3 of 6 Long-Term Indebtedness 06/30/2018 Estimate 06/30/2019 Projection 11,000 15,000 1,200,000 1,290,000 Total Food Service / Cafeteria Operations Fund $1,211,000 $1,305,000 Child Care Operations Fund Total Child Care Operations Fund Other Enterprise Funds Total Other Enterprise Funds Internal Service Fund Total Internal Service Fund Private Purpose Trust Fund Total Private Purpose Trust Fund Page 22

23 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/ :30:55 AM Page - 4 of 6 Long-Term Indebtedness 06/30/2018 Estimate 06/30/2019 Projection Investment Trust Fund Total Investment Trust Fund Pension Trust Fund Total Pension Trust Fund Activity Fund Total Activity Fund Other Agency Fund Total Other Agency Fund Permanent Fund Page 23

24 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/ :30:55 AM Page - 5 of 6 Long-Term Indebtedness 06/30/2018 Estimate 06/30/2019 Projection Total Permanent Fund Total Long-Term Indebtedness $56,632,342 $58,222,166 Page 24

25 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/ :30:55 AM Page - 6 of 6 Short-Term Payables 06/30/2018 Estimate 06/30/2019 Projection General Fund 3,200,000 3,200,000 Public Purpose (Expendable) Trust Fund Other Comptroller-Approved Special Revenue Funds Athletic / School-Sponsored Extra Curricular Activities Fund Capital Reserve Fund - 690, 1850 Capital Reserve Fund ,000 Other Capital Projects Fund Debt Service Fund Food Service / Cafeteria Operations Fund 5,000 5,000 Child Care Operations Fund Other Enterprise Funds Internal Service Fund Private Purpose Trust Fund 30,000 30,000 Investment Trust Fund Pension Trust Fund Activity Fund Other Agency Fund Permanent Fund Total Short-Term Payables $3,235,000 $3,435,000 TOTAL INDEBTEDNESS $59,867,342 $61,657,166 Page 25

26 Final General Fund Budget Fund Balance Summary (FBS) Printed 6/19/ :30:56 AM Page - 1 of 1 Account Description Amounts 0810 Nonspendable Fund Balance 98, Restricted Fund Balance 0830 Committed Fund Balance 4,559, Assigned Fund Balance 15, Unassigned Fund Balance 1,112,325 Total Ending Fund Balance - Committed, Assigned, and Unassigned $5,687, Budgetary Reserve 100,000 Total Estimated Ending Committed, Assigned, and Unassigned Fund Balance and Budgetary Reserve $5,885,122 Page 26

Final General Fund Budget Validations LEA : Highlands SD Printed 5/15/2018 9:43:17 AM. Page 4

Page 1 Page 2 Page 3 2017-2018 Final General Fund Budget Validations Printed 5/15/2018 9:43:17 AM Page - 1 of 1 Val Number Description Justification 8060 Ending Fund Balance Entry and Budgetary Reserve: