Final General Fund Budget Validations LEA : Littlestown Area SD Printed 6/19/ :28:26 AM. Page 4

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4 Final General Fund Budget Validations Printed 6/19/ :28:26 AM Page - 1 of 1 Val Number Description Justification 5320 Expenditure Detail: 100 Salaries amount must be greater than 200 Benefits amount. For an exception, please enter a justification below. Benefit amount is higher than salaries due to change in accounting for tuition reimbursement. Function 2800, Object 100: $74, Function 2800, Object 200: $91, Ending Fund Balance Entry and Budgetary Reserve: If 5900 Budgetary Reserve is not equal to 0, a justification must be entered below. Budgetary Reserve for unanticipated expenses during the school year 8080 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. Unassigned Fund Balance for unanticipated expenditures in the future 8160 Ending Fund Balance Entry and Budgetary Reserve: If 0840 Assigned Fund Balance is not equal to 0, a justification must be entered below. Technology - $500,000; Future Middle School - $1,250,000; District Improvements - $1,000,000 Page 4

5 Final General Fund Budget Estimated Revenues and Other Financing Sources: Budget Summary Printed 6/19/ :28:26 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 950, Restricted Fund Balance 0830 Committed Fund Balance 0840 Assigned Fund Balance 2,750, Unassigned Fund Balance 1,594,423 Total Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year $4,344,423 Estimated Revenues And Other Financing Sources 6000 Revenue from Local Sources 18,293, Revenue from State Sources 12,335, Revenue from Federal Sources 402, Other Financing Sources 198,000 Total Estimated Revenues And Other Financing Sources $31,229,485 Total Estimated Fund Balance, Revenues, and Other Financing Sources Available for Appropriation $35,573,908 Page 5

6 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail Printed 6/19/ :28:27 AM Page - 1 of 2 Amount REVENUE FROM LOCAL SOURCES 6111 Current Real Estate Taxes 13,701, Interim Real Estate Taxes 80, Public Utility Realty Taxes 18, Current Per Capita Taxes, Section , Current Act 511 Taxes - Flat Rate Assessments 65, Current Act 511 Taxes - Proportional Assessments 3,515, Delinquencies on Taxes Levied / Assessed by the LEA 506, Earnings on Investments 35, Revenues from LEA Activities 56, Revenues from Intermediary Sources / Pass-Through Funds 196, Rentals 8, Tuition from Patrons 58, Refunds and Other Miscellaneous Revenue 10,000 REVENUE FROM LOCAL SOURCES $18,293,235 REVENUE FROM STATE SOURCES 7110 Basic Education Funding 6,310, Tuition for Orphans Subsidy 30, Vocational Education 60, Driver Education - Student 3, Special Education funds for School-Aged Pupils 1,313, Pupil Transportation Subsidy 500, Nonpublic and Charter School Pupil Transportation Subsidy 80, Rental and Sinking Fund Payments / Building Reimbursement Subsidy 196, Health Services (Medical, Dental, Nurse, Act 25) 34, State Property Tax Reduction Allocation 897, Ready to Learn Block Grant 312, State Share of Social Security and Medicare Taxes 501, State Share of Retirement Contributions 2,095,678 REVENUE FROM STATE SOURCES $12,335,420 REVENUE FROM FEDERAL SOURCES 8514 NCLB, Title I - Improving the Academic Achievement of the 304,000 Disadvantaged 8515 NCLB, Title II - Preparing, Training and Recruiting High Quality 71,000 Teachers and Principals 8521 Vocational Education - Operating Expenditures 22,830 Page 6

7 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail LEA : Printed 6/19/ :28:27 AM Littlestown Area SD Page - 2 of 2 Amount REVENUE FROM FEDERAL SOURCES 8820 Medical Assistance Reimbursement for Administrative Claiming (Quarterly) Program 5,000 REVENUE FROM FEDERAL SOURCES $402,830 OTHER FINANCING SOURCES 9200 Proceeds from Extended-Term Financing 198,000 OTHER FINANCING SOURCES $198,000 TOTAL ESTIMATED REVENUES AND OTHER SOURCES 31,229,485 Page 7

8 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: Printed 6/19/ :28:28 AM Littlestown Area SD Multi-County Rebalancing Based on Methodology of Section of School Code Page - 1 of 3 Act 1 Index (current): 3.2% Calculation Method: Rate Approx. Tax Revenue from RE Taxes: $13,701,735 Amount of Tax Relief for Homestead Exclusions $897,840 Total Approx. Tax Revenue: $14,599,575 Approx. Tax Levy for Tax Rate Calculation: $15,126,018 Adams Total Data a. Assessed Value $1,290,730,100 $1,290,730,100 b. Real Estate Mills I Data c STEB Market Value $952,294,054 $952,294,054 d. Assessed Value $1,306,478,700 $1,306,478,700 e. Assessed Value of New Constr/ Renov $0 $ Calculations f Tax Levy $14,650,690 $14,650,690 (a * b) Calculations II. g. Percent of Total Market Value % % h. Rebalanced Tax Levy $14,650,690 $14,650,690 (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 $15,126,018 $15,126,018 III. (Approx. Tax Levy * g) l Real Estate Tax Rate (k / d * 1000) m. Tax Levy Generated by Mills $15,126,018 $15,126,018 (l / 1000 * d) n. Tax Levy minus Tax Relief for Homestead Exclusions $14,228,178 (m - Amount of Tax Relief for Homestead Exclusions) o. Net Tax Revenue Generated By Mills $13,701,735 (n * Est. Pct. Collection) Page 8

9 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: Printed 6/19/ :28:28 AM Littlestown Area SD Multi-County Rebalancing Based on Methodology of Section of School Code Page - 2 of 3 Act 1 Index (current): 3.2% Calculation Method: Rate Approx. Tax Revenue from RE Taxes: $13,701,735 Amount of Tax Relief for Homestead Exclusions $897,840 Total Approx. Tax Revenue: $14,599,575 Approx. Tax Levy for Tax Rate Calculation: $15,126,018 Adams 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 $15,303,961 $15,303,961 IV. (p / 1000 * d) s. Millage Rate within Index? Yes (If l > p Then No) t. Tax Levy In Excess of Index $0 $0 (if (m > r), (m - r)) u.tax Revenue In Excess of Index $0 $0 (t * Est. Pct. Collection) Information Related to Property Tax Relief V. Assessed Value Exclusion per Homestead $18,893 Number of Homestead/Farmstead Properties Median Assessed Value of Homestead Properties $207,500 Page 9

10 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: Printed 6/19/ :28:28 AM Littlestown Area SD Multi-County Rebalancing Based on Methodology of Section of School Code Page - 3 of 3 Act 1 Index (current): 3.2% Calculation Method: Rate Approx. Tax Revenue from RE Taxes: $13,701,735 Amount of Tax Relief for Homestead Exclusions $897,840 Total Approx. Tax Revenue: $14,599,575 Approx. Tax Levy for Tax Rate Calculation: $15,126,018 Adams Total State Property Tax Reduction Allocation used for: Homestead Exclusions $897,840 Lowering RE Tax Rate $0 $897,840 Prior Year State Property Tax Reduction Allocation used for: Homestead Exclusions $0 $0 Amount of Tax Relief from State/Local Sources $897,840 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/ :28:28 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 Adams 1,306,478, ,126, % Net Tax Revenue Generated By Mills Totals: 1,306,478,700 15,126, ,840 = 14,228,178 X % = 13,701,735 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 44, Current Act 511 Occupation Taxes Flat Rate $0.00 $ Current Act 511 Local Services Taxes $5.00 $ ,000 21, 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 76,000 65, Current Act 511 Taxes Proportional Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue 6151 Current Act 511 Earned Income Taxes 1.100% 0.000% 3,250,000 3,250, Current Act 511 Occupation Taxes Current Act 511 Real Estate Transfer Taxes 0.500% 0.000% 265, , 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 3,515,000 3,515,000 Total Act 511, Current Taxes 3,580,500 Act 511 Tax Limit --> 952,294,054 X 12 11,427,529 Market Value Mills (511 Limit) Page 11

12 Final General Fund Budget Comparison of Tax Rate Changes to Index Printed 6/19/ :28:29 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 Adams % Yes 3.2% 6120 Current Per Capita Taxes, Section 679 $5.00 $ % Yes 3.2% Current Act 511 Taxes Flat Rate Assessments 6141 Current Act 511 Per Capita Taxes $5.00 $ % Yes 3.2% 6143 Current Act 511 Local Services Taxes $5.00 $ % Yes 3.2% Current Act 511 Taxes Proportional Assessments 6151 Current Act 511 Earned Income Taxes 1.100% 1.100% 0.00% Yes 3.2% 6153 Current Act 511 Real Estate Transfer Taxes 0.500% 0.500% 0.00% Yes 3.2% Page 12

13 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Budget Summary Printed 6/19/ :28:29 AM Page - 1 of 1 Description Amount 1000 Instruction 1100 Regular Programs - Elementary / Secondary 13,894, Special Programs - Elementary / Secondary 4,927, Vocational Education 1,295, Other Instructional Programs - Elementary / Secondary 396,148 Total Instruction $20,513, Support Services 2100 Support Services - Students 862, Support Services - Instructional Staff 1,435, Support Services - Administration 1,986, Support Services - Pupil Health 281, Support Services - Business 278, Operation and Maintenance of Plant Services 1,855, Student Transportation Services 1,283, Support Services - Central 229, Other Support Services 20,000 Total Support Services $8,231, Operation of Non-Instructional Services 3200 Student Activities 520, Community Services 4,000 Total Operation of Non-Instructional Services $524, Other Expenditures and Financing Uses 5100 Debt Service / Other Expenditures and Financing Uses 1,920, Interfund Transfers - Out 275, Budgetary Reserve 100,000 Total Other Expenditures and Financing Uses $2,295,273 Total Estimated Expenditures and Other Financing Uses $31,565,357 Page 13

14 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail Printed 6/19/ :28:30 AM Page - 1 of 4 Description Amount 1000 Instruction 1100 Regular Programs - Elementary / Secondary 100 Personnel Services - Salaries 7,440, Personnel Services - Employee Benefits 4,891, Purchased Professional and Technical Services 388, Purchased Property Services 2, Other Purchased Services 755, Supplies 221, Property 190, Other Objects 2,653 Total Regular Programs - Elementary / Secondary $13,894, Special Programs - Elementary / Secondary 100 Personnel Services - Salaries 1,346, Personnel Services - Employee Benefits 810, Purchased Professional and Technical Services 1,833, Other Purchased Services 922, Supplies 15, Other Objects 400 Total Special Programs - Elementary / Secondary $4,927, Vocational Education 100 Personnel Services - Salaries 620, Personnel Services - Employee Benefits 397, Purchased Property Services 1, Other Purchased Services 219, Supplies 49, Property 7,283 Total Vocational Education $1,295, Other Instructional Programs - Elementary / Secondary 100 Personnel Services - Salaries 157, Personnel Services - Employee Benefits 103, Purchased Property Services 3, Other Purchased Services 129, Supplies 1,644 Total Other Instructional Programs - Elementary / Secondary $396,148 Total Instruction $20,513, Support Services 2100 Support Services - Students 100 Personnel Services - Salaries 547, Personnel Services - Employee Benefits 308, Other Purchased Services 2, Supplies 2, Other Objects 610 Total Support Services - Students $862, Support Services - Instructional Staff Page 14

15 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : Printed 6/19/ :28:30 AM Description Littlestown Area SD 100 Personnel Services - Salaries 561, Personnel Services - Employee Benefits 497, Purchased Professional and Technical Services 65, Purchased Property Services 3, Other Purchased Services 45, Supplies 164, Property 96, Other Objects 845 Total Support Services - Instructional Staff $1,435, Support Services - Administration 100 Personnel Services - Salaries 984, Personnel Services - Employee Benefits 573, Purchased Professional and Technical Services 211, Purchased Property Services 4, Other Purchased Services 93, Supplies 68, Property 26, Other Objects 24,400 Total Support Services - Administration $1,986, Support Services - Pupil Health 100 Personnel Services - Salaries 164, Personnel Services - Employee Benefits 104, Purchased Professional and Technical Services 3, Purchased Property Services Other Purchased Services Supplies 8, Property Other Objects 1,000 Total Support Services - Pupil Health $281, Support Services - Business 100 Personnel Services - Salaries 162, Personnel Services - Employee Benefits 93, Purchased Professional and Technical Services 18, Purchased Property Services Other Purchased Services Supplies Other Objects 2,100 Total Support Services - Business $278,925 Page - 2 of Operation and Maintenance of Plant Services 100 Personnel Services - Salaries 527, Personnel Services - Employee Benefits 390, Purchased Professional and Technical Services 1, Purchased Property Services 246, Other Purchased Services 67, Supplies 582, Property 39,000 Page 15 Amount

16 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : Printed 6/19/ :28:30 AM Description Littlestown Area SD 800 Other Objects 500 Total Operation and Maintenance of Plant Services $1,855, Student Transportation Services 100 Personnel Services - Salaries 358, Personnel Services - Employee Benefits 165, Purchased Professional and Technical Services 5, Purchased Property Services 57, Other Purchased Services 537, Supplies 111, Property 47, Other Objects 345 Total Student Transportation Services $1,283, Support Services - Central 100 Personnel Services - Salaries 74, Personnel Services - Employee Benefits 91, Purchased Property Services 28, Supplies 35,253 Total Support Services - Central $229, Other Support Services 500 Other Purchased Services 20,000 Total Other Support Services $20,000 Total Support Services $8,231, Operation of Non-Instructional Services 3200 Student Activities 100 Personnel Services - Salaries 262, Personnel Services - Employee Benefits 108, Purchased Professional and Technical Services 69, Purchased Property Services 18, Other Purchased Services 29, Supplies 16, Property 8, Other Objects 6,760 Total Student Activities $520, Community Services 300 Purchased Professional and Technical Services 4,000 Total Community Services $4,000 Total Operation of Non-Instructional Services $524, Other Expenditures and Financing Uses 5100 Debt Service / Other Expenditures and Financing Uses 800 Other Objects 1,055, Other Uses of Funds 865,260 Total Debt Service / Other Expenditures and Financing Uses $1,920, Interfund Transfers - Out Page 16 Page - 3 of 4 Amount

17 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : Printed 6/19/ :28:30 AM Description Littlestown Area SD 900 Other Uses of Funds 275,000 Total Interfund Transfers - Out $275, Budgetary Reserve 800 Other Objects 100,000 Total Budgetary Reserve $100,000 Total Other Expenditures and Financing Uses $2,295,273 TOTAL EXPENDITURES $31,565,357 Page - 4 of 4 Amount Page 17

18 Final General Fund Budget Schedule Of Cash And Investments (CAIN) Printed 6/19/ :28:30 AM Page - 1 of 2 Cash and Short-Term Investments 06/30/2017 Estimate 06/30/2018 Projection General Fund 5,800,000 5,500,000 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 5,000,000 1,000,000 Debt Service Fund Food Service / Cafeteria Operations Fund 75,000 80,000 Child Care Operations Fund Other Enterprise Funds Internal Service Fund Private Purpose Trust Fund Investment Trust Fund Pension Trust Fund Activity Fund 125, ,000 Other Agency Fund Permanent Fund Total Cash and Short-Term Investments $11,280,000 $7,460,000 Long-Term Investments 06/30/2017 Estimate 06/30/2018 Projection General Fund 1,000,000 1,000,000 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 Other Capital Projects Fund 1,000,000 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 25,000 25,000 Other Agency Fund Page 18

19 Final General Fund Budget Schedule Of Cash And Investments (CAIN) Printed 6/19/ :28:30 AM Page - 2 of 2 Long-Term Investments 06/30/2017 Estimate 06/30/2018 Projection Permanent Fund Total Long-Term Investments $2,025,000 $1,025,000 TOTAL CASH AND INVESTMENTS $13,305,000 $8,485,000 Page 19

20 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/ :28:31 AM Page - 1 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 Projection General Fund 25,550,000 24,765,000 2,200,000 2,300,000 Total General Fund $27,750,000 $27,065,000 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 6/19/ :28:31 AM Page - 2 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 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/ :28:31 AM Page - 3 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 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 6/19/ :28:31 AM Page - 4 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 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/ :28:31 AM Page - 5 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 Projection Total Permanent Fund Total Long-Term Indebtedness $27,750,000 $27,065,000 Page 24

25 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/ :28:31 AM Page - 6 of 6 Short-Term Payables 06/30/2017 Estimate 06/30/2018 Projection General Fund 760, ,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 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 $760,000 $785,000 TOTAL INDEBTEDNESS $28,510,000 $27,850,000 Page 25

26 Final General Fund Budget Fund Balance Summary (FBS) Printed 6/19/ :28:31 AM Page - 1 of 1 Account Description Amounts 0810 Nonspendable Fund Balance 950, Restricted Fund Balance 0830 Committed Fund Balance 0840 Assigned Fund Balance 2,750, Unassigned Fund Balance 1,258,551 Total Ending Fund Balance - Committed, Assigned, and Unassigned $4,008, Budgetary Reserve 100,000 Total Estimated Ending Committed, Assigned, and Unassigned Fund Balance and Budgetary Reserve $5,058,551 Page 26

Final General Fund Budget Validations LEA : Greencastle-Antrim SD Printed 6/15/ :50:49 AM. Page 4

Page 1 Page 2 Page 3 2018-2019 Final General Fund Budget Validations Printed 6/15/2018 10:50:49 AM Page - 1 of 1 Val Number Description Justification 8080 Ending Fund Balance Entry and Budgetary Reserve: