Central Dauphin School District Budget Presenta<on #9 May 7, 2018

Transcription

1 Central Dauphin School District Budget Presenta<on #9 May 7, 2018

2 Budget Timeline Approve the Resolution NOT to exceed 2.8% tax increase (no later than 1/25/2018) YES Adopt the BALANCED Preliminary Final Budget (no later than 5/31/2018) NO Post the Proposed Preliminary Budget with a tax increase including available excep@ons (1/25/2018) Adver@se a no@ce of intent to adopt the Preliminary Budget AND a no@ce to seek referendum excep@ons from PDE (no later than 10 days prior to adop@on) Adopt the Final Budget (no later than 6/30/2018) Approve the Preliminary Budget with a tax increase including excep@ons (no later than 2/14/2018)

3 Budget Pressures Poverty Special Homeless Students English as a Second Language Building Needs Tax Appeals Popula@on Growth Pension

4 Aid Ra<os Market Value Aid Personal Income Aid

5 Aid Ra<os MV/PI Aid Used to calculate Act 1 Index

6 Aid Ra<o Comparison Market Value Aid Personal Income Aid

7 Total Popula<on Increase Student Enrollment Year Population Variation , , , , , , , Total Growth 844 Total Growth as a Percentage 7.8%

8 Special Educa<on Student Enrollment Year Population Variation , , , , , , , Total Growth 494 Total Growth as a Percentage 36.1%

9 Special Educa<on Millions $31 $29 $27 $25 $23 $21 $19 $17 $15 Special Educa3on Expenditures Year Total Expenditures Variance $ 18,079, $ 20,231, % $ 22,544, % $ 25,168, % $ 27,969, % $ 29,652, %

10 English Learners Student Enrollment Year Population Variation Total Growth 417 Total Growth as a Percentage 102.7%

11 Homeless Students Student Enrollment Year Population Variation Total Growth 123 Total Growth as a Percentage 261.7%

12 Staffing Levels Legacy costs of bargaining agreements (CBA) are fixed Outlays as good as they can be salaries to a_ract good candidates Modest annual salary increases Healthcare premium share, co-pays, spousal coverage/surcharges Good CBAs, but never a nega@ve cost Budget Without a tax increase there will need to be across the board staffing cuts Class sizes will increase to Altera@on and curtailment of programs Hiring freezes Open posi@ons are not filled

13 PSERS Employer Contribu<on Rate

14 Source: June 30, 2016 PSERS Actuarial

15 PSERS Stabiliza<on Account $1,726, $3,417, $3,423, $ $2,884,962 Total Amount from Stabiliza@on $12,637,304

16 SWAP Transac<ons $566, $699, $764, $804, $785, $1,418,089 Total Earnings on SWAPs $5,037,864 Total Amount available for use $3,686,009

17 Debt Refinancing Series 2016: NPV Savings = $11,941,860 (16.1% of the principal refunded) Series 2016A: NPV Savings = $2,071,431 (6.8% of the principal refunded) Total Savings = $14,013,291

18 Debt Service/SWAP Strategy Applying the use of the SWAP savings to smooth annual debt service payments un@l they drop in $1,185,000 $1,185,000 $1,185,000

19 Debt Service/SWAP Strategy

20 Debt Restructure Higher interest rate environment Possible affect on our credit No tax increase Structurally unbalanced budget Scoop refunding Placed on watch Downgrade $7 million scoop refunding $2.5 million NPV interest cost

21 Funds Generated Earnings on SWAPs $5,037,864 Energy Savings $4,817,009 PSERS $12,637,304 Debt Refinancing $14,013,291 Total Funds Generated $36,505,488

22 Outstanding Tax Appeals Norfolk Southern Largest single real estate taxpayer Annual payment $552,110 Refund owed $1,821, Spring Creek Nursing Home Property was tax exempt from 2006 to 2015 Tax phase-in agreement with Dauphin County Dauphin County added it back onto the taxable rolls in 2015 at an assessed value of $29,384,900 Phase-in amount between $8,400,000 and $10,500,000 3 rd largest real estate taxpayer has now decreased from $473,567 to $169,218 Refund amount owed $499,815.93

23 Central Dauphin School District General Fund Detail Report Home LOCAL REVENUE Reports (Actual) (Actual) (Actual) (Budget) (Projected) (Projected) (Projected) (Projected) (Projected) 2015 Act_ Act_ Act_ BudgetVar 2019 Projected_ Projected_ Projected_ Projected_ Projected_5 REVENUES Real Estate Taxes % % % % % % % % % Current Real Estate Taxes 76,188,433 79,089,698 81,717,245 87,358,297 87,185,854 87,637,444 88,091,292 88,547,409 89,005,807 Interim Real Estate Taxes 249, , , , , , , , ,284 Public Utility Realty Taxes 143, , , , , , , , ,096 Payments in Lieu of Current Taxes/State & Local 234, , , , , , , , ,744 Total Real Estate Taxes 76,815,852 80,008,358 82,567,557 88,262,459 88,044,854 88,515,342 88,988,504 89,464,360 89,942,930 Act 511 Taxes Current Act 1 Earned Income Taxes 36,828,195 36,911,904 39,813,958 37,115,582 39,600,000 40,471,200 41,361,566 42,271,521 43,201,494 Real Estate Transfer Taxes 2,588,599 2,474,773 2,245,409 1,601,194 2,400,000 2,452,800 2,506,762 2,561,910 2,618,272 Total Act 511 Taxes 39,416,794 39,386,677 42,059,368 38,716,776 42,000,000 42,924,000 43,868,328 44,833,431 45,819,767 Other Local Revenue Delinquent on Taxes Levied/Assessed by the LEA 3,790,988 3,687,604 4,072,964 3,648,540 3,700,000 3,781,400 3,864,591 3,949,612 4,036,503 Earnings on Investments 1,482,070 81, ,485 81, , , , , ,189 Revenue From Student Activities 23,777 24,800 24,159 24,000 24,000 24,528 25,068 25,619 26,183 Rev from Intermediary Srcs/Pass-Thru Funds from Other Schls 82,900 State Revenue Received from Other Public Schools 5,415 Federal IDEA received from an IU 1,636,097 1,754,742 1,961,718 1,915,234 2,025,997 2,070,569 2,116,121 2,162,676 2,210,255 Federal Revenue Received from Other Intermediary Sources Rentals 5,400 9,650 10,551 9,650 9,862 10,079 10,301 10,528 10,759 Contributions and Donations from Private Sources 35,616 28,884 33,275 Tuition from Patrons Regular Day School Tuition 6,160 Receipts from Other LEAS in PA - Education 924,895 1,029,356 1,193,921 1,047,550 1,070,596 1,094,149 1,118,220 1,142,821 1,167,963 Services Provided Other Local Governmental Units/LEAs Refunds and Other Misc. Revenue 100, ,231 46, ,431 50,000 50,000 50,000 50,000 50,000 Refunds of Prior Years' Expenditures 16, ,363 52,404 45,000 45,000 45,000 45,000 45,000 45,000 Energy Efficiency Revenues and Incentives 2,058 10,840 12,279 All Other Local Revenues 1,107,255 1,632,948 2,251,553 1,650,000 2,160,000 2,207,520 2,256,085 2,305,719 2,356,445 Total Other Local Revenue 9,125,724 8,581,855 9,886,644 8,690,405 9,285,455 9,487,645 9,694,284 9,905,468 10,121,298 TOTAL LOCAL REVENUE 125,358, ,976, ,513, ,669, ,330, ,926, ,551, ,203, ,883,995

24 STATE REVENUE Basic Instructional and Operating Subsidies Basic Instructional Subsidy (In Gross) 16,003,539 16,584,468 17,346,349 17,729,324 18,163,002 18,562,588 18,970,965 19,388,326 19,814,869 Charter Schools Tuition for Orphans & Children Placed in Private Homes 159, , , , , , , , ,461 Total Basic Instructional and Operating Subsidies 16,163,475 16,759,173 17,646,371 17,994,324 18,433,832 18,839,376 19,253,843 19,677,427 20,110,331 Revenue for Specific Educational Programs Homebound Instruction Vocational Education 220 Alternative Education Migratory Children Special Education - Funding for School Aged Pupils 5,203,389 5,330,522 5,445,936 5,535,199 5,660,307 5,784,834 5,912,100 6,042,166 6,175,094 Addl. Prog. Subs. Not listed in the 7000 Series Total Revenue for Specific Educational Programs 5,203,969 5,331,002 5,446,616 5,535,199 5,660,307 5,784,834 5,912,100 6,042,166 6,175,094 Other State Revenue Transportation (Regular and Additional) 3,000,019 3,851,815 3,648,959 3,650,000 3,730,300 3,812,367 3,896,239 3,981,956 4,069,559 Rental and Sinking Fund Payments 1,565,986 1,728,760 1,486,529 1,870,893 1,865,453 1,554,168 1,065,724 1,128,903 1,190,323 Health Services 245, , , , , , , , ,162 State Property Tax Reduction Allocation 2,604,354 2,600,573 2,592,538 2,592,538 2,592,538 2,592,538 2,592,538 2,592,538 2,592,538 Safe Schools 24,945 PA Accountability Grant Ready to Learn Block Grant 791,623 1,023,711 1,023,711 1,023,711 1,023,711 1,046,233 1,069,250 1,092,773 1,116,814 Additional grants not listed elsewhere 1,485 2,100 68,248 69,749 71,284 72,852 74,455 76,093 Revenue from Social Security Payments 2,508,100 2,630,728 2,678,248 2,969,607 3,083,028 3,169,352 3,258,094 3,349,321 3,443,102 Revenue from Retirement Payments 7,229,651 8,915,990 10,832,135 11,732,845 12,502,600 13,375,546 13,935,819 14,496,667 15,169,884 Classrooms for the Future Total Other State Revenue 17,944,741 21,021,626 22,519,157 24,152,842 25,117,769 25,877,386 26,152,044 26,983,895 27,931,475 TOTAL STATE REVENUE 39,312,185 43,111,801 45,612,143 47,682,365 49,211,908 50,501,596 51,317,987 52,703,488 54,216,900 FEDERAL REVENUE Revenue from Federal Sources IDEA, Part B IDEA, Section 619 NCLB - Education of Disadvantaged Children 1,755,023 1,819,790 1,890,575 1,909,921 2,050,622 2,095,736 2,141,842 2,188,962 2,237,120 NCLB - Preparing, Training and Recruiting Teachers/Principals 270, , , , , , , , ,199 NCLB - Language Instruction 213, , , , , , , , ,385 NCLB - 21st Century Schools 30,000 44,941 45,930 46,940 47,973 49,028 Medical Assistance Reimbursement Through the Commonwealth 337, , , , , , , , ,741 Medical Asstnc. Reimb. For Health-Related Admin. 26,118 29,454 23,251 Total Revenue from Federal Sources 2,602,002 2,531,483 2,640,465 2,636,398 2,984,080 3,049,730 3,116,824 3,185,394 3,255,473 TOTAL FEDERAL REVENUE 2,602,002 2,531,483 2,640,465 2,636,398 2,984,080 3,049,730 3,116,824 3,185,394 3,255,473 OTHER FINANCING SOURCES Other Financing Sources Special Revenue Fund Transfers 3,417,059 1,185,000 1,185,000 1,185,000 Capital Projects Fund Transfers 10 Enterprise Fund Transfers 249, , , , , , , , ,829 Internal Service Fund Transfers 3,423,376 2,884,962 2,500,000 Sale or Compensation for Loss of Fixed Assets 10,310 1,678 1,475 Other Sources Not Listed in 9000 Series 1,482, , , , , ,435 Insurance Recoveries 2,556 12,250 25,916 Total Revenue from Other Sources 3,679,755 3,687, ,221 5,802,133 4,107,264 1,607, , , ,264 TOTAL OTHER FINANCING SOURCES 3,679,755 3,687, ,221 5,802,133 4,107,264 1,607, , , ,264 TOTAL REVENUES 170,952, ,307, ,043, ,790, ,633, ,085, ,408, ,514, ,778,631

25 Central Dauphin School District General Fund Detail Report Home Reports (Actual) (Actual) (Actual) (Budget) (Projected) (Projected) (Projected) (Projected) (Projected) 2015 Act_ Act_ Act_ BudgetVar 2019 Projected_ Projected_ Projected_ Projected_ Projected_5 EXPENDITURES PERSONNEL Personnel Services - Salaries Official/Administrative Salaries 5,462,416 6,020,777 6,155,906 6,304,958 6,643,356 6,829,370 7,020,592 7,217,169 7,419,250 Official/Administrative Salaries - Termination or Leave Payout 101, , , , , , ,753 Professional - Educational Salaries 53,239,645 54,321,623 55,754,366 58,376,821 60,201,048 61,886,677 63,619,504 65,400,850 67,232,074 Professional - Educational Salaries - Temporary 220,358 12,505 14, ,000 15,000 15,420 15,852 16,296 16,752 Professional - Educational Salaries - Overtime 311, , , , , , , , ,278 Professional - Educational Salaries - Termination or Leave Payout Professional - Educational Salaries - Employee Ins. Opt Out 110, , , , , , , , ,474 Professional - Educational Salaries - Sick Buy 182, , , , , , , , ,709 Professional - Educational Salaries - Induction 16,600 38,800 34,400 38,000 38,000 39,064 40,158 41,282 42,438 Professional - Other Salaries 805, , , , , , , , ,893 Technical Salaries 517, , , , , , , , ,008 Technical Salaries - Regular 3,190,531 3,455,468 3,654,169 3,808,875 4,327,803 4,448,981 4,573,553 4,701,612 4,833,258 Technical Salaries - Temporary 138, , , , , , , , ,216 Technical Salaries - Overtime 50,548 63,000 64,701 66,513 68,122 70,029 71,990 74,006 76,078 Technical Salaries - Termination or Leave Payout 50,230 57,498 47,429 42,230 80,103 82,346 84,652 87,022 89,458 Office/Clerical Salaries 2,219,235 2,287,008 2,392,705 2,431,193 2,590,160 2,662,684 2,737,240 2,813,882 2,892,671 Office/Clerical Salaries - Temporary 99, ,146 81, ,495 81,500 83,782 86,128 88,539 91,019 Crafts and Trades Salaries Operative and Laborer Salaries - Regular Operative and Laborer Salaries - Employee Ins. Opt Out Service Work Salaries 2,224,376 2,241,030 2,300,061 2,416,605 2,492,476 2,562,265 2,634,009 2,707,761 2,783,578 Service Work Salaries - Regular 785, , , , , , , , ,030 Service Work Salaries - Temporary 343,488 1, ,517 Service Work Salaries - Overtime 295, , , , , , , , ,966 Instructional Assistant Salaries - Overtime 52,342 65,904 71,633 75,000 75,000 77,100 79,259 81,478 83,759 Instructional Assistant Salaries - Sabbatical Leave 33,990 34,738 34,499 36,837 37,868 38,928 40,018 41,139 42,291 Instructional Assistant Salaries - Termination or Leave Payout Instructional Assistant Salaries - Other 64,994 62,202 55,556 63,213 65,172 66,997 68,873 70,801 72,784 Group Insurance - Medical Insurance 5,806 6,000 Group Insurance - Dental Insurance 23,600 23,549 23,939 52,194 52,824 58,106 63,917 70,309 77,340 Group Insurance - Life Insurance 86,058 87,024 99,924 90, , , , , ,802 Group Insurance - Income Protection Insurance 280, , , , , , , ,974 Group Insurance - Eye Care Insurance Group Insurance - Employee Physicals 7,938 8,327 6,566 6,800 5,800 6,380 7,018 7,720 8,492 Group Insurance - Retirees Health Insurance 1,119, , ,812 1,250,000 1,250,000 1,375,000 1,512,500 1,663,750 1,830,125 Social Security Contributions 5,274,346 5,388,133 5,516,095 5,939,215 6,166,055 6,338,705 6,516,189 6,698,642 6,886,204 Retirement Contributions 15,349,298 18,887,476 22,453,933 25,286,303 26,945,259 28,826,607 30,034,093 31,242,816 32,693,715 Tuition Reimbursements 664, , , , , , , , ,897 Unemployment Compensation 215,068 45,495 13,816 52,500 62,500 62,500 62,500 62,500 62,500 Workmen's Compensation 673, , , , , , , , ,731 Group Insurance - Self Insurance 18,196,769 19,365,882 21,028,435 21,628,039 20,952,460 23,047,706 25,352,477 27,887,724 30,676,497 Total Personnel Expenditures 112,306, ,520, ,883, ,275, ,652, ,261, ,490, ,040, ,178,013

26 OPERATING Purchased Professional & Technical Services Official/Administrative Services 583, , , , , , , , ,659 Professional - Educational Services 2,191,438 2,829,322 2,539,313 1,988,315 2,522,286 2,577,776 2,634,487 2,692,446 2,751,680 Other Professional Services 2,043,631 3,130,431 4,482,562 3,432,376 3,801,709 3,885,347 3,970,824 4,058,182 4,147,462 Technical Services 900, , , , , ,677 1,014,516 1,036,835 1,059,645 Security/Safety Services 8,695 9,770 9,665 1,500 10,000 10,220 10,445 10,675 10,909 Cleaning Services 1,516,009 1,343,504 1,440,935 1,058,000 1,081,000 1,104,782 1,129,087 1,153,927 1,179,314 Utility Services 236, , , , , , , , ,846 Repairs and Maintenance Services 105,316 73,293 96, , , , , , ,368 Rentals 281, , , , , , , , ,283 Extermination Services 25,166 23,584 31,998 31,000 30,000 30,660 31,335 32,024 32,728 Contractor Projects 1,298,581 1,015,876 1,205, , , , , , ,485 Purchased Property Services - Other 415, , , , , , , , ,434 St. Tr Svc from an LEA In PA Contracted Carriers 5,723,447 6,005,499 6,297,245 6,503,004 6,799,905 6,949,503 7,102,392 7,258,645 7,418,335 Student Transportation Services from the IU 1,146,016 1,369,494 1,465,504 1,378,899 1,515,197 1,548,531 1,582,599 1,617,416 1,652,999 Insurance-General Fire Insurance 222, , , , , , , , ,103 Automotive Liability Insurance 44,980 45,761 51,582 55,000 55,000 56,210 57,447 58,710 60,002 General Property and Liability Insurance 50,282 46,599 48,328 50,000 50,000 51,100 52,224 53,373 54,547 Bonding Insurance Fuel Tank Insurance ELL Insurance 116,661 47,605 46,467 45,000 45,000 45,990 47,002 48,036 49,093 Communications 362, , , , , , , , ,590 Advertising 13,970 8,836 8,133 10,000 11,000 11,242 11,489 11,742 12,000 Printing & Binding 14,956 11,402 10,034 18,950 15,650 15,994 16,346 16,706 17,073 Tuition to Other School Districts Within the State 701, , , , , , , , ,838 Tuition to Pennsylvania Charter Schools 5,634,185 5,949,672 5,970,238 6,653,000 6,968,000 7,121,296 7,277,965 7,438,080 7,601,717 Tuition to Career and Technology Centers 5,572,509 5,001,656 5,120,259 6,482,823 6,643,341 6,789,495 6,938,863 7,091,518 7,247,532 Tuition to Institutions of Higher Education & Tech Institutes 1,560,200 1,326,573 1,179,722 1,179,722 1,115,861 1,140,410 1,165,499 1,191,140 1,217,345 Tuition to Approved Private Schools and PA Chartered Schools 61,325 50,980 32, ,000 35,000 35,770 36,557 37,361 38,183 Tutition to PRRI and Detention Centers 2,459,887 2,572,141 2,760,037 1,600,334 3,169,959 3,239,698 3,310,971 3,383,813 3,458,257 Travel 706, , , , , , , , ,308 Miscellaneous Purchased Services 171, , , , , , , , ,504 General Supplies 2,333,236 2,440,753 2,634,925 2,300,540 2,675,140 2,733,993 2,794,141 2,855,612 2,918,435 Energy 2,771,449 2,268,320 2,125,000 2,279,807 2,527,457 2,583,061 2,639,888 2,697,966 2,757,321 Food 22,051 17,130 36,427 17,005 19,300 19,725 20,159 20,602 21,055 Books & Periodicals 660, , , , , , , , ,759 Supplies - Technology Related 7,464 14,249 56,892 26,000 26,000 26,572 27,157 27,754 28,365 Equipment - Original & Additional 262, , , , , , , , ,012 Equipment - Replacement 440, , , , , , , , ,931 Other Objects Dues and Fees 59,236 54,754 58,250 53,697 52,475 53,629 54,809 56,015 57,247 Total Operating Expenditures 40,724,425 40,633,367 43,260,122 41,865,943 45,768,836 46,775,750 47,804,817 48,856,523 49,931,366 DEBT SERVICE AND TRANSFERS Interest 6,577,294 6,247,526 3,836,070 4,867,380 5,175,056 4,713,590 4,333,610 4,115,964 3,799,494 Grants to Municipal and Community Service Organizations 50,652 70,541 43, , , , , , ,224 Refund of Prior Year's Receipts 46,444 88,186 6,480 20,890 21,350 21,819 22,299 22,790 23,291 Miscellaneous Expenditures 2,900 2,800 3,200 Redemption of Principal 8,353,859 8,449,998 7,280,000 9,869,731 10,233,299 10,371,867 8,163,114 7,876,324 8,191,497 Authority Obligations Fund Transfers 2,706,775 1,665,809 1,702,457 1,739,911 1,910,574 1,952,607 1,995,564 2,039,466 2,084,335 Miscellaneous Other Uses of Funds Total Debt Service and Transfers 17,737,924 16,524,860 12,872,179 16,649,362 17,491,728 17,214,665 14,672,774 14,216,212 14,263,840 TOTAL EXPENDITURES 170,768, ,678, ,015, ,790, ,913, ,251, ,968, ,112, ,373,219 NET OPERATING BALANCE 183,909 1,628,497 1,027,428 0 (5,279,934) (12,166,153) (15,559,954) (19,598,545) (24,594,588) FUND BALANCE (BEGINNING OF THE YEAR) 19,148,838 19,332,747 20,961,243 21,988,671 21,988,671 16,708,737 4,542,584 (11,017,371) (30,615,916) FUND BALANCE (END OF THE YEAR) 19,332,747 20,961,243 21,988,671 21,988,671 16,708,737 4,542,584 (11,017,371) (30,615,916) (55,210,504)

27 Millage Rate History Millage 10 Year History Year Millage Increase % % % % % % % % % % Av g Tax Increase 1.77%

28 Tax Increase Base real estate tax millage Act 1 Index 2.80% Proposed real estate tax millage

29 Central Dauphin School District General Fund Detail Report Home LOCAL REVENUE Reports (Actual) (Actual) (Actual) (Budget) (Projected) (Projected) (Projected) (Projected) (Projected) 2015 Act_ Act_ Act_ BudgetVar 2019 Projected_ Projected_ Projected_ Projected_ Projected_5 REVENUES Real Estate Taxes % % % % % % % % % Current Real Estate Taxes 76,188,433 79,089,698 81,717,245 87,358,297 89,714,758 90,178,992 90,645,547 91,114,436 91,585,669 Interim Real Estate Taxes 249, , , , , , , , ,284 Public Utility Realty Taxes 143, , , , , , , , ,096 Payments in Lieu of Current Taxes/State & Local 234, , , , , , , , ,744 Total Real Estate Taxes 76,815,852 80,008,358 82,567,557 88,262,459 90,573,758 91,056,890 91,542,759 92,031,386 92,522,792 Act 511 Taxes Current Act 1 Earned Income Taxes 36,828,195 36,911,904 39,813,958 37,115,582 39,600,000 40,471,200 41,361,566 42,271,521 43,201,494 Real Estate Transfer Taxes 2,588,599 2,474,773 2,245,409 1,601,194 2,400,000 2,452,800 2,506,762 2,561,910 2,618,272 Total Act 511 Taxes 39,416,794 39,386,677 42,059,368 38,716,776 42,000,000 42,924,000 43,868,328 44,833,431 45,819,767 Other Local Revenue Delinquent on Taxes Levied/Assessed by the LEA 3,790,988 3,687,604 4,072,964 3,648,540 3,700,000 3,781,400 3,864,591 3,949,612 4,036,503 Earnings on Investments 1,482,070 81, ,485 81, , , , , ,189 Revenue From Student Activities 23,777 24,800 24,159 24,000 24,000 24,528 25,068 25,619 26,183 Rev from Intermediary Srcs/Pass-Thru Funds from Other Schls 82,900 State Revenue Received from Other Public Schools 5,415 Federal IDEA received from an IU 1,636,097 1,754,742 1,961,718 1,915,234 2,025,997 2,070,569 2,116,121 2,162,676 2,210,255 Federal Revenue Received from Other Intermediary Sources Rentals 5,400 9,650 10,551 9,650 9,862 10,079 10,301 10,528 10,759 Contributions and Donations from Private Sources 35,616 28,884 33,275 Tuition from Patrons Regular Day School Tuition 6,160 Receipts from Other LEAS in PA - Education 924,895 1,029,356 1,193,921 1,047,550 1,070,596 1,094,149 1,118,220 1,142,821 1,167,963 Services Provided Other Local Governmental Units/LEAs Refunds and Other Misc. Revenue 100, ,231 46, ,431 50,000 50,000 50,000 50,000 50,000 Refunds of Prior Years' Expenditures 16, ,363 52,404 45,000 45,000 45,000 45,000 45,000 45,000 Energy Efficiency Revenues and Incentives 2,058 10,840 12,279 All Other Local Revenues 1,107,255 1,632,948 2,251,553 1,650,000 2,160,000 2,207,520 2,256,085 2,305,719 2,356,445 Total Other Local Revenue 9,125,724 8,581,855 9,886,644 8,690,405 9,285,455 9,487,645 9,694,284 9,905,468 10,121,298 TOTAL LOCAL REVENUE 125,358, ,976, ,513, ,669, ,859, ,468, ,105, ,770, ,463,857

30 STATE REVENUE Basic Instructional and Operating Subsidies Basic Instructional Subsidy (In Gross) 16,003,539 16,584,468 17,346,349 17,729,324 18,163,002 18,562,588 18,970,965 19,388,326 19,814,869 Charter Schools Tuition for Orphans & Children Placed in Private Homes 159, , , , , , , , ,461 Total Basic Instructional and Operating Subsidies 16,163,475 16,759,173 17,646,371 17,994,324 18,433,832 18,839,376 19,253,843 19,677,427 20,110,331 Revenue for Specific Educational Programs Homebound Instruction Vocational Education 220 Alternative Education Migratory Children Special Education - Funding for School Aged Pupils 5,203,389 5,330,522 5,445,936 5,535,199 5,660,307 5,784,834 5,912,100 6,042,166 6,175,094 Addl. Prog. Subs. Not listed in the 7000 Series Total Revenue for Specific Educational Programs 5,203,969 5,331,002 5,446,616 5,535,199 5,660,307 5,784,834 5,912,100 6,042,166 6,175,094 Other State Revenue Transportation (Regular and Additional) 3,000,019 3,851,815 3,648,959 3,650,000 3,730,300 3,812,367 3,896,239 3,981,956 4,069,559 Rental and Sinking Fund Payments 1,565,986 1,728,760 1,486,529 1,870,893 1,865,453 1,554,168 1,065,724 1,128,903 1,190,323 Health Services 245, , , , , , , , ,162 State Property Tax Reduction Allocation 2,604,354 2,600,573 2,592,538 2,592,538 2,592,538 2,592,538 2,592,538 2,592,538 2,592,538 Safe Schools 24,945 PA Accountability Grant Ready to Learn Block Grant 791,623 1,023,711 1,023,711 1,023,711 1,023,711 1,046,233 1,069,250 1,092,773 1,116,814 Additional grants not listed elsewhere 1,485 2,100 68,248 69,749 71,284 72,852 74,455 76,093 Revenue from Social Security Payments 2,508,100 2,630,728 2,678,248 2,969,607 3,083,028 3,169,352 3,258,094 3,349,321 3,443,102 Revenue from Retirement Payments 7,229,651 8,915,990 10,832,135 11,732,845 12,502,600 13,375,546 13,935,819 14,496,667 15,169,884 Classrooms for the Future Total Other State Revenue 17,944,741 21,021,626 22,519,157 24,152,842 25,117,769 25,877,386 26,152,044 26,983,895 27,931,475 TOTAL STATE REVENUE 39,312,185 43,111,801 45,612,143 47,682,365 49,211,908 50,501,596 51,317,987 52,703,488 54,216,900 FEDERAL REVENUE Revenue from Federal Sources IDEA, Part B IDEA, Section 619 NCLB - Education of Disadvantaged Children 1,755,023 1,819,790 1,890,575 1,909,921 2,050,622 2,095,736 2,141,842 2,188,962 2,237,120 NCLB - Preparing, Training and Recruiting Teachers/Principals 270, , , , , , , , ,199 NCLB - Language Instruction 213, , , , , , , , ,385 NCLB - 21st Century Schools 30,000 44,941 45,930 46,940 47,973 49,028 Medical Assistance Reimbursement Through the Commonwealth 337, , , , , , , , ,741 Medical Asstnc. Reimb. For Health-Related Admin. 26,118 29,454 23,251 Total Revenue from Federal Sources 2,602,002 2,531,483 2,640,465 2,636,398 2,984,080 3,049,730 3,116,824 3,185,394 3,255,473 TOTAL FEDERAL REVENUE 2,602,002 2,531,483 2,640,465 2,636,398 2,984,080 3,049,730 3,116,824 3,185,394 3,255,473 OTHER FINANCING SOURCES Other Financing Sources Special Revenue Fund Transfers 3,417,059 1,185,000 1,185,000 1,185,000 Capital Projects Fund Transfers 10 Enterprise Fund Transfers 249, , , , , , , , ,829 Internal Service Fund Transfers 3,423,376 2,884,962 2,500,000 Sale or Compensation for Loss of Fixed Assets 10,310 1,678 1,475 Other Sources Not Listed in 9000 Series 1,482, , , , , ,435 Insurance Recoveries 2,556 12,250 25,916 Total Revenue from Other Sources 3,679,755 3,687, ,221 5,802,133 4,107,264 1,607, , , ,264 TOTAL OTHER FINANCING SOURCES 3,679,755 3,687, ,221 5,802,133 4,107,264 1,607, , , ,264 TOTAL REVENUES 170,952, ,307, ,043, ,790, ,162, ,627, ,962, ,081, ,358,493

31 Central Dauphin School District General Fund Detail Report Home Reports (Actual) (Actual) (Actual) (Budget) (Projected) (Projected) (Projected) (Projected) (Projected) 2015 Act_ Act_ Act_ BudgetVar 2019 Projected_ Projected_ Projected_ Projected_ Projected_5 EXPENDITURES PERSONNEL Personnel Services - Salaries Official/Administrative Salaries 5,462,416 6,020,777 6,155,906 6,304,958 6,643,356 6,829,370 7,020,592 7,217,169 7,419,250 Official/Administrative Salaries - Termination or Leave Payout 101, , , , , , ,753 Professional - Educational Salaries 53,239,645 54,321,623 55,754,366 58,376,821 60,201,048 61,886,677 63,619,504 65,400,850 67,232,074 Professional - Educational Salaries - Temporary 220,358 12,505 14, ,000 15,000 15,420 15,852 16,296 16,752 Professional - Educational Salaries - Overtime 311, , , , , , , , ,278 Professional - Educational Salaries - Termination or Leave Payout Professional - Educational Salaries - Employee Ins. Opt Out 110, , , , , , , , ,474 Professional - Educational Salaries - Sick Buy 182, , , , , , , , ,709 Professional - Educational Salaries - Induction 16,600 38,800 34,400 38,000 38,000 39,064 40,158 41,282 42,438 Professional - Other Salaries 805, , , , , , , , ,893 Technical Salaries 517, , , , , , , , ,008 Technical Salaries - Regular 3,190,531 3,455,468 3,654,169 3,808,875 4,327,803 4,448,981 4,573,553 4,701,612 4,833,258 Technical Salaries - Temporary 138, , , , , , , , ,216 Technical Salaries - Overtime 50,548 63,000 64,701 66,513 68,122 70,029 71,990 74,006 76,078 Technical Salaries - Termination or Leave Payout 50,230 57,498 47,429 42,230 80,103 82,346 84,652 87,022 89,458 Office/Clerical Salaries 2,219,235 2,287,008 2,392,705 2,431,193 2,590,160 2,662,684 2,737,240 2,813,882 2,892,671 Office/Clerical Salaries - Temporary 99, ,146 81, ,495 81,500 83,782 86,128 88,539 91,019 Crafts and Trades Salaries Operative and Laborer Salaries - Regular Operative and Laborer Salaries - Employee Ins. Opt Out Service Work Salaries 2,224,376 2,241,030 2,300,061 2,416,605 2,492,476 2,562,265 2,634,009 2,707,761 2,783,578 Service Work Salaries - Regular 785, , , , , , , , ,030 Service Work Salaries - Temporary 343,488 1, ,517 Service Work Salaries - Overtime 295, , , , , , , , ,966 Instructional Assistant Salaries - Overtime 52,342 65,904 71,633 75,000 75,000 77,100 79,259 81,478 83,759 Instructional Assistant Salaries - Sabbatical Leave 33,990 34,738 34,499 36,837 37,868 38,928 40,018 41,139 42,291 Instructional Assistant Salaries - Termination or Leave Payout Instructional Assistant Salaries - Other 64,994 62,202 55,556 63,213 65,172 66,997 68,873 70,801 72,784 Group Insurance - Medical Insurance 5,806 6,000 Group Insurance - Dental Insurance 23,600 23,549 23,939 52,194 52,824 58,106 63,917 70,309 77,340 Group Insurance - Life Insurance 86,058 87,024 99,924 90, , , , , ,802 Group Insurance - Income Protection Insurance 280, , , , , , , ,974 Group Insurance - Eye Care Insurance Group Insurance - Employee Physicals 7,938 8,327 6,566 6,800 5,800 6,380 7,018 7,720 8,492 Group Insurance - Retirees Health Insurance 1,119, , ,812 1,250,000 1,250,000 1,375,000 1,512,500 1,663,750 1,830,125 Social Security Contributions 5,274,346 5,388,133 5,516,095 5,939,215 6,166,055 6,338,705 6,516,189 6,698,642 6,886,204 Retirement Contributions 15,349,298 18,887,476 22,453,933 25,286,303 26,945,259 28,826,607 30,034,093 31,242,816 32,693,715 Tuition Reimbursements 664, , , , , , , , ,897 Unemployment Compensation 215,068 45,495 13,816 52,500 62,500 62,500 62,500 62,500 62,500 Workmen's Compensation 673, , , , , , , , ,731 Group Insurance - Self Insurance 18,196,769 19,365,882 21,028,435 21,628,039 20,952,460 23,047,706 25,352,477 27,887,724 30,676,497 Total Personnel Expenditures 112,306, ,520, ,883, ,275, ,652, ,261, ,490, ,040, ,178,013

32 OPERATING Purchased Professional & Technical Services Official/Administrative Services 583, , , , , , , , ,659 Professional - Educational Services 2,191,438 2,829,322 2,539,313 1,988,315 2,522,286 2,577,776 2,634,487 2,692,446 2,751,680 Other Professional Services 2,043,631 3,130,431 4,482,562 3,432,376 3,801,709 3,885,347 3,970,824 4,058,182 4,147,462 Technical Services 900, , , , , ,677 1,014,516 1,036,835 1,059,645 Security/Safety Services 8,695 9,770 9,665 1,500 10,000 10,220 10,445 10,675 10,909 Cleaning Services 1,516,009 1,343,504 1,440,935 1,058,000 1,081,000 1,104,782 1,129,087 1,153,927 1,179,314 Utility Services 236, , , , , , , , ,846 Repairs and Maintenance Services 105,316 73,293 96, , , , , , ,368 Rentals 281, , , , , , , , ,283 Extermination Services 25,166 23,584 31,998 31,000 30,000 30,660 31,335 32,024 32,728 Contractor Projects 1,298,581 1,015,876 1,205, , , , , , ,485 Purchased Property Services - Other 415, , , , , , , , ,434 St. Tr Svc from an LEA In PA Contracted Carriers 5,723,447 6,005,499 6,297,245 6,503,004 6,799,905 6,949,503 7,102,392 7,258,645 7,418,335 Student Transportation Services from the IU 1,146,016 1,369,494 1,465,504 1,378,899 1,515,197 1,548,531 1,582,599 1,617,416 1,652,999 Insurance-General Fire Insurance 222, , , , , , , , ,103 Automotive Liability Insurance 44,980 45,761 51,582 55,000 55,000 56,210 57,447 58,710 60,002 General Property and Liability Insurance 50,282 46,599 48,328 50,000 50,000 51,100 52,224 53,373 54,547 Bonding Insurance Fuel Tank Insurance ELL Insurance 116,661 47,605 46,467 45,000 45,000 45,990 47,002 48,036 49,093 Communications 362, , , , , , , , ,590 Advertising 13,970 8,836 8,133 10,000 11,000 11,242 11,489 11,742 12,000 Printing & Binding 14,956 11,402 10,034 18,950 15,650 15,994 16,346 16,706 17,073 Tuition to Other School Districts Within the State 701, , , , , , , , ,838 Tuition to Pennsylvania Charter Schools 5,634,185 5,949,672 5,970,238 6,653,000 6,968,000 7,121,296 7,277,965 7,438,080 7,601,717 Tuition to Career and Technology Centers 5,572,509 5,001,656 5,120,259 6,482,823 6,643,341 6,789,495 6,938,863 7,091,518 7,247,532 Tuition to Institutions of Higher Education & Tech Institutes 1,560,200 1,326,573 1,179,722 1,179,722 1,115,861 1,140,410 1,165,499 1,191,140 1,217,345 Tuition to Approved Private Schools and PA Chartered Schools 61,325 50,980 32, ,000 35,000 35,770 36,557 37,361 38,183 Tutition to PRRI and Detention Centers 2,459,887 2,572,141 2,760,037 1,600,334 3,169,959 3,239,698 3,310,971 3,383,813 3,458,257 Travel 706, , , , , , , , ,308 Miscellaneous Purchased Services 171, , , , , , , , ,504 General Supplies 2,333,236 2,440,753 2,634,925 2,300,540 2,675,140 2,733,993 2,794,141 2,855,612 2,918,435 Energy 2,771,449 2,268,320 2,125,000 2,279,807 2,527,457 2,583,061 2,639,888 2,697,966 2,757,321 Food 22,051 17,130 36,427 17,005 19,300 19,725 20,159 20,602 21,055 Books & Periodicals 660, , , , , , , , ,759 Supplies - Technology Related 7,464 14,249 56,892 26,000 26,000 26,572 27,157 27,754 28,365 Equipment - Original & Additional 262, , , , , , , , ,012 Equipment - Replacement 440, , , , , , , , ,931 Other Objects Dues and Fees 59,236 54,754 58,250 53,697 52,475 53,629 54,809 56,015 57,247 Total Operating Expenditures 40,724,425 40,633,367 43,260,122 41,865,943 45,768,836 46,775,750 47,804,817 48,856,523 49,931,366 DEBT SERVICE AND TRANSFERS Interest 6,577,294 6,247,526 3,836,070 4,867,380 5,175,056 4,713,590 4,333,610 4,115,964 3,799,494 Grants to Municipal and Community Service Organizations 50,652 70,541 43, , , , , , ,224 Refund of Prior Year's Receipts 46,444 88,186 6,480 20,890 21,350 21,819 22,299 22,790 23,291 Miscellaneous Expenditures 2,900 2,800 3,200 Redemption of Principal 8,353,859 8,449,998 7,280,000 9,869,731 10,233,299 10,371,867 8,163,114 7,876,324 8,191,497 Authority Obligations Fund Transfers 2,706,775 1,665,809 1,702,457 1,739,911 1,910,574 1,952,607 1,995,564 2,039,466 2,084,335 Miscellaneous Other Uses of Funds Total Debt Service and Transfers 17,737,924 16,524,860 12,872,179 16,649,362 17,491,728 17,214,665 14,672,774 14,216,212 14,263,840 TOTAL EXPENDITURES 170,768, ,678, ,015, ,790, ,913, ,251, ,968, ,112, ,373,219 NET OPERATING BALANCE 183,909 1,628,497 1,027,428 0 (2,751,031) (9,624,605) (13,005,699) (17,031,519) (22,014,726) FUND BALANCE (BEGINNING OF THE YEAR) 19,148,838 19,332,747 20,961,243 21,988,671 21,988,671 19,237,640 9,613,034 (3,392,665) (20,424,183) FUND BALANCE (END OF THE YEAR) 19,332,747 20,961,243 21,988,671 21,988,671 19,237,640 9,613,034 (3,392,665) (20,424,183) (42,438,910)

33 Tax Increase Median Assessed Value (May 1, 2018) - $116,700 Home assessed value $150,000 at 2.8% $ per year $ 5.64 per month

34 Here s what will happen Debt restructure in a higher interest rate environment possibly nega@vely affec@ng our credit ra@ng Cut staffing posi@ons Open posi@ons Hiring freeze Furloughs of professional and non-professional staff Altera@on and curtailment of programs Higher class sizes Cuts to field trips, bus cameras, textbooks, digital cohort, cell phones, library subscrip@ons, Read180 advance final payment