PREPARED FOR PLUM BOROUGH SD

Transcription

1 PREPARED FOR PLUM BOROUGH SD JULY 2017 Copyright 2017 Eidex LLC, All rights reserved.

2 WHAT IT IS This report compares your district s per student AFR revenue and expenditure data to that of like-kind districts across Pennsylvania, as well as state averages. It explores your expenditure differences to peers in selected function and object groups. The source of the data in this report is the PDE. WHO IT S FOR This report is designed to provide context to your revenue and expenditure trends, help school business leaders like you identify cost savings opportunities, and as a tool to communicate your district s financial performance to stakeholders. HOW IT WORKS This report uses a peer group of ten districts from across PA with similar student counts and FRL percentages to your district. It s intended to give you a sample of the power of Eidex and the opportunity Eidex offers to dig deeper into the data to evaluate key financial metrics and trends. ARE YOU READY TO TAKE A LOOK? 2

3 Eidex s one click peer selector created the peer group shown here. These peer districts all have similar student counts and FRL percentages to your district. We ve also created an algorithm to automatically create other peer groups with the following characteristics: Similar socioeconomic demographics District Name Enrollment FRL Derry Township SD 3,413 19% Hatboro-Horsham SD 4,791 24% Lower Dauphin SD 3,681 24% Montour SD 2,843 23% Moon Area SD 3,720 20% Palmyra Area SD 3,501 22% Phoenixville Area SD 3,740 24% Plum Borough SD 3,817 22% Southern York County SD 3,037 24% West Allegheny SD 3,328 20% Wissahickon SD 4,443 21% Districts within your IU Charter districts within your IU 3

4 PER STUDENT TRENDS My District Peers All PA Districts 2016 REVENUE PER STUDENT 4

5 PER STUDENT TRENDS My District Peers All PA Districts 2016 EXPENDITURES PER STUDENT 5

6 PER STUDENT TRENDS My District Peers All PA Districts 2016 INSTRUCTIONAL EXPENDITURES PER STUDENT 6

7 PER STUDENT TRENDS My District Peers All PA Districts 2016 COST COMPARISON BY FUNCTION¹ Function Group Function Sub-function My Exp. $'s % of Gen. Fund. Exp. My Exp. per Peer Exp per Difference/ $'s per Stud. Potential $ Difference 1100 Regular Programs-E/S 1110 Regular Progams $14,050, % $3,681 $3,712 $31.13 $118, Special and Gifted Education 1200 Special and Gifted Education 1400 Other Instructional Programs - E/S 1400 Other Instructional Programs - E/S 1240 Academic Support $1,978, % $518 $465 ($53.60) ($204,587) 1220 Sensory Support $399, % $105 $110 $5.79 $22, Additional Other Instruction Programs 1450 Instructional Programs Outside the Established School Day $32, % $8 $34 $25.67 $97,992 $0 0.0% $0 $0 $0.28 $1,061 ¹This table displays the largest expenditures by function and sub-function within Elementary Instructional Expenditures. The full version of this table can be found in Eidex. 7

8 2016 Cost Comparison by Object¹ Object Group Object Object Detail My Exp. $'s 100 Personnel Services - Salaries 200 Personnel Services - Employee Benefits 200 Personnel Services - Employee Benefits 200 Personnel Services - Employee Benefits % of Gen. Fund. Exp. My Exp. per Peer Exp per Difference/ $'s per Stud. Potential $ Difference [No Object] [No Object Detail] $9,683, % $2,537 $2,764 $ $865, Retirement Contributions 210 Group Insurance- Contracted Provider 220 Social Security Contributions [No Object Detail] $2,642, % $692 $728 $35.33 $134,867 [No Object Detail] $1,656, % $434 $390 ($44.25) ($168,902) [No Object Detail] $757, % $198 $209 $10.99 $41,953 ¹This table displays the largest expenditures by object and object detail within Elementary Instructional Expenditures. The full version of this table can be found in Eidex. 8

9 PER STUDENT TRENDS My District Peers All PA Districts Function Group Function Sub-function My Exp. $'s 1100 Regular Programs- E/S 1200 Special and Gifted Education 1200 Special and Gifted Education 1300 Vocational Education Programs 2016 COST COMPARISON BY FUNCTION¹ % of Gen. Fund. Exp. My Exp. per Peer Exp per Difference/ $'s per Stud. Potential $ Difference 1110 Regular Progams $14,805, % $3,879 $3,597 ($281.48) ($1,074,392) 1240 Academic Support 1290 Other Support Services $1,676, % $439 $428 ($11.02) ($42,057) $1,107, % $290 $136 ($153.82) ($587,122) [No Sub-function] $678, % $178 $454 $ $1,054,552 ¹This table displays the largest expenditures by function and sub-function within Secondary Instructional Expenditures. The full version of this table can be found in Eidex. 9

10 2016 Cost Comparison by Object¹ Object Group Object Object Detail My Exp. $'s 100 Personnel Services - Salaries 200 Personnel Services - Employee Benefits 200 Personnel Services - Employee Benefits 500 Other Purchased Services 500 Other Purchased Services 500 Other Purchased Services % of Gen. Fund. Exp. My Exp. per Peer Exp per Difference/ $'s per Stud. Potential $ Difference [No Object] [No Object Detail] $10,072, % $2,639 $2,751 $ $428, Retirement Contributions 210 Group Insurance- Contracted Provider 560 Tuition 560 Tuition 560 Tuition [No Object Detail] $2,661, % $697 $712 $14.41 $55,012 [No Object Detail] $1,611, % $422 $387 ($35.65) ($136,059) 562 Tuition to Pennsylvania Charter Schools 564 Tuition to Career and Technology Centers/Area Vocational Technical Schools 568 Tuition to Private Residential Rehabilitative Institutions (PRRI) [In-State] and Detention Centers $789, % $207 $185 ($21.83) ($83,335) $667, % $175 $233 $57.78 $220,529 $582, % $153 $33 ($119.82) ($457,356) ¹This table displays the largest expenditures by object and object detail within Secondary Instructional Expenditures. The full version of this table can be found in Eidex. 10

11 PER STUDENT TRENDS My District Peers All PA Districts 2016 SUPPORTING SERVICES EXPENDITURES PER STUDENT 11

12 2016 Cost Comparison by Object¹ Object Group Object Object Detail My Exp. $'s % of Gen. Fund. Exp. 100 Personnel Services - Salaries 200 Personnel Services - Employee Benefits 200 Personnel Services - Employee Benefits 400 Purchased Property Services My Exp. per Peer Exp per Difference/ $'s per Stud. Potential $ Difference [No Object] [No Object Detail] $7,606, % $1,993 $2,335 $ $1,304, Retirement Contributions 210 Group Insurance- Contracted Provider [No Object Detail] $1,927, % $505 $590 $85.49 $326,316 [No Object Detail] $1,282, % $336 $324 ($12.40) ($47,343) 420 Utility Services [No Object Detail] $736, % $193 $166 ($26.89) ($102,630) ¹This table displays the largest expenditures by object and object detail within Supporting Services Expenditures. The full version of this table can be found in Eidex. 12

13 AS A % OF EXPENDITURES My District Peers All PA Districts 2016 GENERAL FUND BALANCE AS A % OF EXPENDITURES 13

14 SALARIES AND BENEFITS TO EXPENDITURES % OF TOTAL EXPENDITURES TO CHARTER SCHOOLS 14

15 CLIENT SERVICE TEAM CARLEN SEAVER AARON BRAUNSCHNEIDER Copyright 2017 Eidex LLC, All rights reserved. 15