Hopewell Area School District Proposed Final General Fund Budget Board Presentation May 7, 2018

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Hopewell Area School District 2018 2019 Proposed

1 Hopewell Area School District Proposed Final General Fund Budget Board Presentation May 7, 2018

2 Mission Statement The Hopewell Area School District is committed to preparing students to be productive citizens and life long learners in an ever changing world. 2

3 Property Tax Relief State confirmed that $619,500,000 will be available for state funded property tax relief. Hopewell s allocation of those funds is $1,150, County Assessor s office confirmed the number of Homesteads and Farmsteads of 5,414. HS/FS tax relief will be approximately $212.44/each 3

4 Average Assessments/Taxes Number of Taxable Parcels Total Assessed Value Average Assessed Value Average Current School Taxes (73.2) Average Value of 1 Mill Hopewell Twp 6,909 $171,794,987 $24,865 $1, $24.87 Independence 1,449 $33,497,171 $23,117 $1, $23.12 Twp Raccoon Twp 1,670 $36,907,926 $22,101 $1, $22.10 Totals 10,028 $242,200,084 $23,361 $1, $

5 Beaver County Tax Statistics BEAVER COUNTY SCHOOL DISTRICTS incr/decr from 2009 ALIQUIPPA Land Building AMBRIDGE BEAVER BIG BEAVER FALLS BLACKHAWK CENTRAL VALLEY FREEDOM HOPEWELL MIDLAND NEW BRIGHTON RIVERSIDE ROCHESTER SOUTHSIDE WESTERN BEAVER Act 1 Index 3.1% Maximum allowable tax increase mills On average, a mill brings in about $226,000 after collection rate is applied Every District raised taxes in 2015 except Beaver Falls Every District raised taxes in out of 14 Districts raised taxes in

6 Proposed Final General Fund Budget Revenue Breakdown General Fund Revenues ACTUAL ACTUAL ACTUAL ACTUAL BUDGET BUDGET Variance Real Estate Taxes 14,060,911 13,968,088 14,406,531 14,871,314 15,186,312 15,986, ,616 Public Utility Realty 20,992 21,659 20,494 19,651 20,000 19,000 (1,000) Payments in Lieu of Tax 21,877 21,877 22,347 22,664 22,600 23, Act 511 Taxes 2,531,562 2,557,134 2,347,798 2,657,417 2,585,000 2,620,000 35,000 Other Local Income 1,580,565 1,649,338 1,878,835 1,624,103 1,521,500 1,508,700 (12,800) Basic Instr Subsidy 9,466,355 9,466,406 9,550,552 9,660,884 9,706,814 9,687,058 (19,756) Tuition 19,717 19,927 36,186 20,000 25,000 5,000 Special Education Subsidy 1,711,607 1,810,295 1,841,483 1,888,113 1,903,347 1,900,512 (2,835) Transportation 795, , , , , ,000 50,000 Revenue for Specific Ed Prog Other State Revenue 4,587,858 5,036,503 4,744,918 6,648,168 6,146,874 6,281, ,969 Federal Revenue 450, , , , , ,000 (46,000) Other Financing Sources 4,420 5,310 5,767 15,474 5,000 5,000 TOTAL REVENUES 35,232,124 35,832,054 36,167,201 38,767,825 38,362,447 39,306, ,594 Overall increase of 2.46% over prior year mainly due to increase in assessed values and tax increase of 2 mills. 6

7 Preliminary Budget Revenues 1.6% 23.2% 40.8% Real Estate Taxes Act 511 Taxes Other Local Income Basic Instr Subsidy Other State Revenue Federal Revenue 24.7% 3.2% 6.6% 7

8 Proposed Final Expenditure Budget Expenditures ACTUAL ACTUAL ACTUAL ACTUAL BUDGET BUDGET Variance Regular Education $ 14,073,512 $ 14,365,362 $ 15,123,748 $ 16,005,500 $ 16,140,022 $ 17,132, ,635 Special Education $ 4,575,694 $ 4,704,010 $ 4,926,245 $ 5,756,633 $ 5,886,297 $ 6,124, ,599 Vocational Education $ 1,247,364 $ 1,040,772 $ 1,134,317 $ 1,182,345 $ 1,194,709 $ 1,094,005 (100,704) Other Instructional Prgms $ 96,709 $ 168,098 $ 119,126 $ 169,311 $ 104,542 $ 182,162 77,620 Pupil Personnel Counseling $ 932,645 $ 893,388 $ 938,921 $ 964,207 $ 1,018,656 $ 1,060,877 42,221 Instructional Support Library/Prof Dev $ 650,454 $ 700,517 $ 583,318 $ 635,493 $ 674,092 $ 671,363 (2,729) Administration $ 2,003,197 $ 1,974,191 $ 2,273,092 $ 2,361,092 $ 2,542,875 $ 2,584,249 41,374 Pupil Health $ 538,208 $ 538,613 $ 582,443 $ 596,599 $ 655,626 $ 663,480 7,854 Business $ 651,865 $ 679,686 $ 710,667 $ 686,801 $ 766,075 $ 667,284 (98,791) Operations/Maintenance $ 3,351,243 $ 3,442,612 $ 3,579,238 $ 3,805,384 $ 4,006,195 $ 4,066,832 60,637 Transportation $ 1,823,316 $ 2,027,650 $ 2,263,070 $ 2,390,715 $ 2,339,130 $ 2,310,913 (28,217) Technology $ 294,487 $ 79,655 $ 409,823 $ 414,745 $ 511,811 $ 540,309 28,498 Other Support Svcs IU $ 22,426 $ 17,783 $ 17,790 $ 46,842 $ 18,500 $ 19, Student Activities/Athletics $ 835,524 $ 872,104 $ 815,509 $ 869,701 $ 1,008,808 $ 1,043,310 34,502 Community Services $ 19,115 $ 19,556 $ 23,644 $ 21,574 $ 25,662 $ 22,471 (3,191) Facility Acquistion/Improvement $ $ $ $ $ $ 2,000 2,000 Debt Service $ 3,102,730 $ 3,102,287 $ 2,661,076 $ 2,804,690 $ 3,105,975 $ 3,106, Refund of Prior Year Expenses $ 19,413 $ 57,583 $ 4,660 $ 16,697 $ $ Fund Transfers $ $ 758,098 $ 718,902 $ 707,361 $ $ Budgetary Reserve $ 75,000 $ 75,000 Total Expenses/Budget $ 34,237,902 $ 35,741,965 $ 36,885,589 $ 39,435,690 $ 40,073,975 $ 41,367,858 $ 1,293,883 8

9 Proposed Final Expenditure Budget by Object Salaries and Benefits 25,022,563 25,565,258 27,299,108 28,695,929 29,910,784 30,895,566 Operating Expenses 6,093,196 6,258,735 6,201,843 7,211,013 7,208,191 7,507,292 Facilities Acquisition/Imp Debt Service/Transfers 3,810,737 3,917,969 3,384,638 3,528,748 2,955,000 2,965,000 TOTAL EXPENDITURES 34,926,496 35,741,962 36,885,589 39,435,690 40,073,975 41,367, % 5.74% 2.01% 0.33% 5.88% 7.83% 74.68% Sals and Benefits Prof Ed Svcs Repairs/Leases Tuition/Travel Supplies/Books Prop & Equip Fees/Debt Svc 9

10 Proposed Final Budget Operating Summary ACTUAL ACTUAL ACTUAL ACTUAL BUDGET BUDGET Revenue $35,232,124 $35,832,054 $36,167,201 $38,767,825 $38,362,447 $39,306,041 Expenses/ Budget $34,237,902 $35,741,965 $36,885,589 $39,435,690 $40,073,975 $41,367,858 Surplus/ (Deficit) $994,222 $90,089 $(718,388) $(667,865) $(1,711,528) $(2,061,817) Fund Balance: Beginning of Year $8,100,789 $9,095,011 $9,185,100 $8,466,712 $7,798,847 $6,087,319 End of Year $9,095,011 $9,185,100 $8,466,712 $7,798,847 $6,087,319 $4,025,502 10

11 Budget Shortfall The Proposed Final Budget projects a deficit: Revenues $39,306,041 Expenditures ($41,367,858) Deficit (2 mill tax increase) ($2,061,817) Deficit (1 mill tax increase) ($2,288,274) Deficit (no tax increase) ($2,514,731) 11

12 Contributing factors 3.44% increase for teachers budgeted (based on average increase from last contract) and other contractual increases 3% increase in health insurance Additional 1 st grade and Kindergarten teachers Increase in PSERS Employer rate from 32.57% to 33.43% Cyber/Charter School tuition 112 students currently enrolled. 12

13 Next Steps Continue contract negotiations with hopeful resolution prior to final budget passage Continue to monitor State budget process Review General Fund for possible expenditures to move to Capital Reserve Continue account review and scrutiny Approve Final General Fund Budget on June 4th 13

14 DISCUSSION/QUESTIONS

Central Valley School District Preliminary Budget Proposal. 22- May- 14

Central Valley School District Preliminary Budget Proposal. 22- May- 14 2014-2015 Preliminary Budget Proposal 22- May- 14 School Board Meeting 2014-2015 Budget May 22, 2014 Narrative Page 1 Revenue Budget Page 2 Revenue Budget - Graph Page 3 Income Statement Page 4 Expense