Final General Fund Budget Validations LEA : Union City Area SD Printed 6/25/ :48:40 AM. Page 4

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4 Final General Fund Budget Validations Printed 6/25/ :48:40 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. Emergency and unexpected expenditures Ending Fund Balance Entry and Budgetary Reserve: If 0840 Assigned Fund Balance is not equal to 0, a justification must be entered below. Building & Grounds - $1,999,112, STEM Education - $980,760, PSERS Rate Stabilization - $1,154,118, Band Uniform Contribution - $2,500, Tech School Renovations - $100,000, Cyber Charter School Potential Increases - $500,000 Page 4

5 Final General Fund Budget Estimated Revenues and Other Financing Sources: Budget Summary Printed 6/25/ :48:41 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 0820 Restricted Fund Balance 0830 Committed Fund Balance 0840 Assigned Fund Balance 4,737, Unassigned Fund Balance 368,313 Total Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year $5,106,302 Estimated Revenues And Other Financing Sources 6000 Revenue from Local Sources 3,700, Revenue from State Sources 13,687, Revenue from Federal Sources 395, Other Financing Sources Total Estimated Revenues And Other Financing Sources $17,782,471 Total Estimated Fund Balance, Revenues, and Other Financing Sources Available for Appropriation $22,888,773 Page 5

6 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail Printed 6/25/ :48:42 AM Page - 1 of 2 Amount REVENUE FROM LOCAL SOURCES 6111 Current Real Estate Taxes 2,600, Public Utility Realty Taxes 4, Payments in Lieu of Current Taxes - State / Local Current Per Capita Taxes, Section , Current Act 511 Taxes - Flat Rate Assessments 13, Current Act 511 Taxes - Proportional Assessments 430, Delinquencies on Taxes Levied / Assessed by the LEA 260, Earnings on Investments 25, Revenues from LEA Activities 24, Revenues from Intermediary Sources / Pass-Through Funds 224, Rentals 1, Tuition from Patrons 12, Services Provided Other Funds 45, Revenue from Community Services Activities 20, Refunds and Other Miscellaneous Revenue 25,000 REVENUE FROM LOCAL SOURCES $3,700,350 REVENUE FROM STATE SOURCES 7110 Basic Education Funding 9,472, Vocational Education 25, Driver Education - Student 1, Special Education funds for School-Aged Pupils 924, Pupil Transportation Subsidy 595, Health Services (Medical, Dental, Nurse, Act 25) 15, State Property Tax Reduction Allocation 334, Ready to Learn Block Grant 283, State Share of Social Security and Medicare Taxes 378, State Share of Retirement Contributions 1,656,153 REVENUE FROM STATE SOURCES $13,687,121 REVENUE FROM FEDERAL SOURCES 8514 NCLB, Title I - Improving the Academic Achievement of the 320,000 Disadvantaged 8515 NCLB, Title II - Preparing, Training and Recruiting High Quality 40,000 Teachers and Principals 8517 NCLB, Title IV - 21St Century Schools 10,000 Page 6

7 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail LEA : Printed 6/25/ :48:42 AM Union City Area SD Page - 2 of 2 Amount REVENUE FROM FEDERAL SOURCES 8810 School-Based Access Medicaid Reimbursement Program (SBAP) Reimbursements (Access) 25,000 REVENUE FROM FEDERAL SOURCES $395,000 TOTAL ESTIMATED REVENUES AND OTHER SOURCES 17,782,471 Page 7

8 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: Printed 6/25/ :48:43 AM Union City Area SD Multi-County Rebalancing Based on Methodology of Section of School Code Page - 1 of 3 Act 1 Index (current): 3.7% Calculation Method: Revenue Section Method Choice: (a)(1) Number of Decimals For Tax Rate Calculation: 2 Approx. Tax Revenue from RE Taxes: $2,602,000 Amount of Tax Relief for Homestead Exclusions $334,427 Total Approx. Tax Revenue: $2,936,427 Approx. Tax Levy for Tax Rate Calculation: $3,162,688 Crawford Erie Total Data a. Assessed Value $27,352,903 $169,021,770 $196,374,673 b. Real Estate Mills I Data c STEB Market Value $101,564,022 $151,044,611 $252,608,633 d. Assessed Value $28,633,689 $168,449,850 $197,083,539 e. Assessed Value of New Constr/ Renov $0 $0 $ Calculations f Tax Levy $1,214,469 $1,920,087 $3,134,556 (a * b) Calculations II. g. Percent of Total Market Value % % % h. Rebalanced Tax Levy $1,260,282 $1,874,274 $3,134,556 (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 $1,271,593 $1,891,095 $3,162,688 III. (Approx. Tax Levy * g) l Real Estate Tax Rate (k / d * 1000) m. Tax Levy Generated by Mills $1,271,336 $1,890,007 $3,161,343 (l / 1000 * d) n. Tax Levy minus Tax Relief for Homestead Exclusions $2,826,916 (m - Amount of Tax Relief for Homestead Exclusions) o. Net Tax Revenue Generated By Mills $2,600,763 (n * Est. Pct. Collection) Page 8

9 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: Printed 6/25/ :48:43 AM Union City Area SD Multi-County Rebalancing Based on Methodology of Section of School Code Page - 2 of 3 Act 1 Index (current): 3.7% Calculation Method: Revenue Section Method Choice: (a)(1) Number of Decimals For Tax Rate Calculation: 2 Approx. Tax Revenue from RE Taxes: $2,602,000 Amount of Tax Relief for Homestead Exclusions $334,427 Total Approx. Tax Revenue: $2,936,427 Approx. Tax Levy for Tax Rate Calculation: $3,162,688 Crawford Erie 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 $1,368,103 $1,984,390 $3,352,493 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 $5, $20, Number of Homestead/Farmstead Properties Median Assessed Value of Homestead Properties $76,000 Page 9

10 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: Printed 6/25/ :48:43 AM Union City Area SD Multi-County Rebalancing Based on Methodology of Section of School Code Page - 3 of 3 Act 1 Index (current): 3.7% Calculation Method: Revenue Section Method Choice: (a)(1) Number of Decimals For Tax Rate Calculation: 2 Approx. Tax Revenue from RE Taxes: $2,602,000 Amount of Tax Relief for Homestead Exclusions $334,427 Total Approx. Tax Revenue: $2,936,427 Approx. Tax Levy for Tax Rate Calculation: $3,162,688 Crawford Erie Total State Property Tax Reduction Allocation used for: Homestead Exclusions $334,427 Lowering RE Tax Rate $0 $334,427 Prior Year State Property Tax Reduction Allocation used for: Homestead Exclusions $0 $0 Amount of Tax Relief from State/Local Sources $334,427 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 6/25/ :48:45 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 Crawford 28,633, ,271, % Net Tax Revenue Generated By Mills Erie 168,449, ,890, % Totals: 197,083,539 3,161, ,427 = 2,826,916 X % = 2,600,763 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 $ ,500 13, Current Act 511 Occupation Taxes Flat Rate $0.00 $ Current Act 511 Local Services Taxes $0.00 $ 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 20,500 13, Current Act 511 Taxes Proportional Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue 6151 Current Act 511 Earned Income Taxes 1.000% 0.000% 400, , Current Act 511 Occupation Taxes Current Act 511 Real Estate Transfer Taxes 0.500% 0.000% 30,000 30, 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 430, ,000 Total Act 511, Current Taxes 443,500 Act 511 Tax Limit --> 252,608,633 X 12 3,031,304 Market Value Mills (511 Limit) Page 11

12 Final General Fund Budget Comparison of Tax Rate Changes to Index Printed 6/25/ :48:46 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 Crawford % Yes 3.7% Erie % Yes 3.7% 6120 Current Per Capita Taxes, Section 679 $5.00 $ % Yes 3.7% Current Act 511 Taxes Flat Rate Assessments 6141 Current Act 511 Per Capita Taxes $5.00 $ % Yes 3.7% Current Act 511 Taxes Proportional Assessments 6151 Current Act 511 Earned Income Taxes 1.000% 1.000% 0.00% Yes 3.7% 6153 Current Act 511 Real Estate Transfer Taxes 0.500% 0.500% 0.00% Yes 3.7% Page 12

13 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Budget Summary Printed 6/25/ :48:46 AM Page - 1 of 1 Description Amount 1000 Instruction 1100 Regular Programs - Elementary / Secondary 8,490, Special Programs - Elementary / Secondary 2,221, Vocational Education 383, Other Instructional Programs - Elementary / Secondary 158,312 Total Instruction $11,254, Support Services 2100 Support Services - Students 451, Support Services - Instructional Staff 417, Support Services - Administration 1,073, Support Services - Pupil Health 178, Support Services - Business 377, Operation and Maintenance of Plant Services 1,593, Student Transportation Services 1,479, Support Services - Central 300, Other Support Services 17,630 Total Support Services $5,890, Operation of Non-Instructional Services 3200 Student Activities 683, Community Services 97,308 Total Operation of Non-Instructional Services $780, Facilities Acquisition, Construction and Improvement Services 4000 Facilities Acquisition, Construction and Improvement Services 466,000 Total Facilities Acquisition, Construction and Improvement Services $466, Other Expenditures and Financing Uses 5100 Debt Service / Other Expenditures and Financing Uses 30, Interfund Transfers - Out 865, Budgetary Reserve 100,000 Total Other Expenditures and Financing Uses $996,060 Total Estimated Expenditures and Other Financing Uses $19,387,350 Page 13

14 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : Union City Area SD Printed 6/25/ :48:47 AM Description Page - 1 of 4 Amount 1000 Instruction 1100 Regular Programs - Elementary / Secondary 100 Personnel Services - Salaries 4,450, Personnel Services - Employee Benefits 2,967, Purchased Professional and Technical Services 266, Other Purchased Services 467, Supplies 216, Property 122,450 Total Regular Programs - Elementary / Secondary $8,490, Special Programs - Elementary / Secondary 100 Personnel Services - Salaries 857, Personnel Services - Employee Benefits 627, Purchased Professional and Technical Services 400, Other Purchased Services 323, Supplies 12,000 Total Special Programs - Elementary / Secondary $2,221, Vocational Education 100 Personnel Services - Salaries 46, Personnel Services - Employee Benefits 35, Other Purchased Services 271, Supplies 30,000 Total Vocational Education $383, Other Instructional Programs - Elementary / Secondary 100 Personnel Services - Salaries 52, Personnel Services - Employee Benefits 24, Purchased Professional and Technical Services 75, Other Purchased Services 6,000 Total Other Instructional Programs - Elementary / Secondary $158,312 Total Instruction $11,254, Support Services 2100 Support Services - Students 100 Personnel Services - Salaries 249, Personnel Services - Employee Benefits 184, Purchased Professional and Technical Services 10, Other Purchased Services 1, Supplies 6,750 Total Support Services - Students $451, Support Services - Instructional Staff 100 Personnel Services - Salaries 145, Personnel Services - Employee Benefits 142, Purchased Professional and Technical Services 123, Other Purchased Services 1, Supplies 4,500 Page 14

15 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : Printed 6/25/ :48:47 AM Description Union City Area SD Total Support Services - Instructional Staff $417, Support Services - Administration 100 Personnel Services - Salaries 529, Personnel Services - Employee Benefits 347, Purchased Professional and Technical Services 91, Other Purchased Services 73, Supplies 16, Other Objects 16,750 Total Support Services - Administration $1,073, Support Services - Pupil Health 100 Personnel Services - Salaries 97, Personnel Services - Employee Benefits 65, Purchased Professional and Technical Services 7, Supplies 8,500 Total Support Services - Pupil Health $178, Support Services - Business 100 Personnel Services - Salaries 167, Personnel Services - Employee Benefits 149, Purchased Professional and Technical Services 47, Other Purchased Services 7, Supplies 3, Other Objects 2,500 Total Support Services - Business $377, Operation and Maintenance of Plant Services 100 Personnel Services - Salaries 470, Personnel Services - Employee Benefits 333, Purchased Professional and Technical Services 53, Purchased Property Services 336, Other Purchased Services 70, Supplies 294, Property 32, Other Objects 950 Total Operation and Maintenance of Plant Services $1,593, Student Transportation Services 300 Purchased Professional and Technical Services 2, Other Purchased Services 1,475, Supplies 2,000 Total Student Transportation Services $1,479, Support Services - Central 100 Personnel Services - Salaries 185, Personnel Services - Employee Benefits 106, Purchased Professional and Technical Services 5, Supplies 2,500 Total Support Services - Central $300,741 Page 15 Page - 2 of 4 Amount

16 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : Printed 6/25/ :48:47 AM Description Union City Area SD 2900 Other Support Services 500 Other Purchased Services 17,630 Total Other Support Services $17,630 Total Support Services $5,890, Operation of Non-Instructional Services 3200 Student Activities 100 Personnel Services - Salaries 303, Personnel Services - Employee Benefits 148, Purchased Professional and Technical Services 36, Purchased Property Services 12, Other Purchased Services 122, Supplies 15, Property 31, Other Objects 13,625 Total Student Activities $683, Community Services 100 Personnel Services - Salaries 39, Personnel Services - Employee Benefits 26, Purchased Professional and Technical Services 3, Purchased Property Services 10, Other Purchased Services 2, Supplies 13, Other Objects 1,550 Total Community Services $97,308 Total Operation of Non-Instructional Services $780, Facilities Acquisition, Construction and Improvement Services 4000 Facilities Acquisition, Construction and Improvement Services 700 Property 466,000 Total Facilities Acquisition, Construction and Improvement Services $466,000 Total Facilities Acquisition, Construction and Improvement Services $466, Other Expenditures and Financing Uses 5100 Debt Service / Other Expenditures and Financing Uses 800 Other Objects 30,235 Total Debt Service / Other Expenditures and Financing Uses $30, Interfund Transfers - Out 900 Other Uses of Funds 865,825 Total Interfund Transfers - Out $865,825 Page - 3 of Budgetary Reserve 800 Other Objects 100,000 Amount Page 16

17 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail Printed 6/25/ :48:47 AM Page - 4 of 4 Description Amount Total Budgetary Reserve $100,000 Total Other Expenditures and Financing Uses $996,060 TOTAL EXPENDITURES $19,387,350 Page 17

18 Final General Fund Budget Schedule Of Cash And Investments (CAIN) Printed 6/25/ :48:47 AM Page - 1 of 2 Cash and Short-Term Investments 06/30/2018 Estimate 06/30/2019 Projection General Fund 5,206,302 5,358,656 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 40,000 41,000 Child Care Operations Fund Other Enterprise Funds Internal Service Fund Private Purpose Trust Fund Investment Trust Fund Pension Trust Fund Activity Fund Other Agency Fund Permanent Fund Total Cash and Short-Term Investments $6,096,302 $6,256,656 Long-Term Investments 06/30/2018 Estimate 06/30/2019 Projection General Fund 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 Other Agency Fund Page 18

19 Final General Fund Budget Schedule Of Cash And Investments (CAIN) Printed 6/25/ :48:47 AM Page - 2 of 2 Long-Term Investments 06/30/2018 Estimate 06/30/2019 Projection Permanent Fund Total Long-Term Investments TOTAL CASH AND INVESTMENTS $6,096,302 $6,256,656 Page 19

20 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/25/ :48:48 AM Page - 1 of 6 Long-Term Indebtedness 06/30/2018 Estimate 06/30/2019 Projection General Fund 373, ,000 Total General Fund $373,000 $354,000 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 6/25/ :48:48 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 6/25/ :48:48 AM Page - 3 of 6 Long-Term Indebtedness 06/30/2018 Estimate 06/30/2019 Projection Total Food Service / Cafeteria Operations Fund 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 6/25/ :48:48 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 6/25/ :48:48 AM Page - 5 of 6 Long-Term Indebtedness 06/30/2018 Estimate 06/30/2019 Projection Total Permanent Fund Total Long-Term Indebtedness $373,000 $354,000 Page 24

25 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/25/ :48:48 AM Page - 6 of 6 Short-Term Payables 06/30/2018 Estimate 06/30/2019 Projection General Fund 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 Other Agency Fund Permanent Fund Total Short-Term Payables TOTAL INDEBTEDNESS $373,000 $354,000 Page 25

26 Final General Fund Budget Fund Balance Summary (FBS) Printed 6/25/ :48:48 AM Page - 1 of 1 Account Description Amounts 0810 Nonspendable Fund Balance 0820 Restricted Fund Balance 0830 Committed Fund Balance 0840 Assigned Fund Balance 3,501, Unassigned Fund Balance Total Ending Fund Balance - Committed, Assigned, and Unassigned $3,501, Budgetary Reserve 100,000 Total Estimated Ending Committed, Assigned, and Unassigned Fund Balance and Budgetary Reserve $3,601,423 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: