:~ 4.~ Ji3*~ :r~ _,-~~ ~ ~ ~ ~ PAY OFF 1984~85 BUDGET PROPOSAL WEST CHESTER AREA SCHOOL DISTR!CT

Size: px

Start display at page:

Download ":~ 4.~ Ji3*~ :r~ _,-~~ ~ ~ ~ ~ PAY OFF 1984~85 BUDGET PROPOSAL WEST CHESTER AREA SCHOOL DISTR!CT"

Claire Carter
6 years ago
Views:

1 : 4. Ji3* :r, PAY OFF BUDGET PROPOSAL WEST CHESTER AREA SCHOOL DISTR!CT

2 110 WEST CHESTER AREA SCHOOL DISTRICT O if. BUDGET RESOLUTION BUDGET WHEREAS, the Board of School Directors of the West Chester Area School District at the regular meeting of the Board, held May 14, 1984, did adopt a proposed budget for the fiscal year July 1, 1984 to June 30, THEREFORE BE IT RESOLVED, the Board of School Directors of the West Chester Area School District, having made revisions and changes therein deemed advisable, hereby adopts the annual budget for the fiscal year for the total appropriation from the General Fund of 35,226,300. BE IT FURTHER RESOLVED, that said Board hereby authorizes the aforementioned appropriations as set forth in the final budget and levies the following taxes to provide the necessary local tax revenue for the ESTATE TAX at the rate of NINETYTWO AND THREE TENTH MILLS, OR 9.23 per one hundred dollars of assessed valua of taxable real property, in the Townships of East Bradford, East Goshen, Thornbury, West Goshen, Westtown, and West Whiteland, and the Borough of West Chester, all of Chester Pennsylvania, and TWO HUNDRED TWENTYFIVE AND SEVEN TENTH 25.7) LLS, or per one hundred dollars of asses d ion of taxable real property, in the Township of Thornbury, elaware County, Pennsyl vani a. (2) DEED TRANSFER TAX at the rate of one half of one percent (1/2%) upon all deeds transferring or conveying any interest on real estate situated wholly or partly in the abovenamed municipalities. (3) EARNED INCOME TAX at the rate of one percent (1%) upon income as defined in and in conformity with all of the provisions of Act 511 of 1965, its supplements and amendments. D. R. Howland, Secretary RESOLVED June 25, 1984

3 M ILLAGE CAL CULAT ION 1. Net amount to be raised from real estate taxes, al,139,2oe 2. Gross tax to be levied (estimated 96.1% collection) 2l,97,086.,c?oo7; 3. Equalization between counties Section Most Recent Value Certified by STEB Percent a. Chester County 1,103,989, Delaware County 47,609, ,151,598, b. Gross Real Estate Levy: Chester County 95.87% 21,088,60& 2ISc,y.o,?t?&,, 2. 2 J Delaware County 4.13% 908,480 2l,O97,08 s Millage Calculation: a. Tax Levy Chester County 1,00O,Gi Mills Assessed Value Chester County 227, øi.5av?.s7 4A, b. Tax Levy Delaware County OG40O _ Assessed Value Delaware County 4,007, Mills Legally, school district real estate taxes must be equalized between counties based on the most recent market value certified by the State Tax Equalization Board (STEB). For , Delaware County represented 3.87% of the total market value of the school district; for , Delaware County represents 4.13%. Chester County properties are assessed at 331/3% of equalized market value while Delaware County properties are assessed at 20%. Ml

4 BUDGET FOR WEST CHESTER AREA SCHOOL DISTRICT RECEIPTS EXPEND ITURES I SOURCE AMOUNT. 1Real Estate Tax,7562l,843,2O& 2Earned Income Tax 2,780,000 3Other Taxes 1,260,000 Real Estate Transfer Delinquent Real Estate 4Earnings Investments 5Other Income, Beginning Balance, etc. Total Local 6State Base Subsidy 7Other State Aid Transportation Authority Rentals Special Programs 1,360,000 i, 8ei.ICO 4i3m 1,850, 7.t. qoo ao,093,900 4,172,700 2,098,200 Total State 6,270, q & i7. l7jr AREA OF BUDGET AMOUNT AAdministration 1,050,400 17,.2,,2fw BInstruction 17,l78,8OO CCoordinate Activities 4,422,300 Pupil Services Health Services Transpor tat ion Food Services Student Activities Community Services I, 332, o DIntersystem Payments 1,292,100 EOp. & Maint. of Plant FFixed Charges 3,966,300 4,952,300 GCapital Outlay 142, /3 1 U2 140 HDebt Service 2,130, IBudgetary Reserve 230,O04 r4 4 GRAND TOTAL 3G4,8O GRAND TOTAL 35,3G4,30() L 1

5 WHERE THE MONEY COMES FROM TO SUPPORT OUR SCHOOLS All monies to support our schools come from taxpayers, either directly to the District (local effort) or indirectly through the state and federal governments (state and federal support) Current Real Estate Taxes LOCAL Proposed Anticipated Actual ,I3é G 19,513,000 18,167,700 /oc q5oo 2011 Interim Real Estate Taxes Proposed Anticipated l) Actual , , ,200 EFFORT The greatest amount of funds is raised from our taxpayers. The amount budgeted represents 96.1 percent of the tax to be levied the difference being our experience as to the amount of discounts granted during the discount period and the amount uncollected which will go to lien. Represents the amount of taxes we anticipate collecting on new construction and additions to existing properties which, because of their completion date, do not appear on the regular tax duplicate Public Utility Realty Tax Proposed Anticipated , ,800 Actual ,400 The District s portion of the tax as collected by the Commonwealth based on the assessed valuation of the utility properties in the District. This tax is collected by the utility from the taxpayer as a part of the service bill Earned Income Tax Proposed Anticipated 1) ,780,000 2,646, 700 2,604, Real Estate Transfer Tax Actual Proposed Anticipated Actual , , , Delinquent Taxes (All Levies) Proposed Anticipated Actual , , ,900 The District s portion (onehalf percent) of the one percent earned income tax on all residents of the school district, except those residents working in Philadelphia and outofstate and paying a tax on income where they work. The real estate transfer tax represents our share (onehalf percent) of the tax which is charged to both the seller and the buyer whenever property is exchanged. Represents what we anticipate collecting in for properties which were liened as of May 7, 1984, or earlier. L 16

6 LOCAL EFFORT (continued) 2030 Tuition & Gate Receipts Proposed Anticipated ,700 50,000 The tuition we will receive from the Commonwealth for students placed by the Actual Courts, for institutional children within the District, and starting in , this account includes summer school tuition and gate receipts from athletic events Earnings on Investment Proposed Anticipated ,360,000 1,280,000 1,184,400 The estimated interest the District will Actual earn through its cash management program All monies are invested with bids being solicited from all banks having offices in the school district. Other Proposed Anticipated , ,500 10,100 Represents the amount the District anticipates receiving from miscellaneous sources. Actual In the District realized 500, from the sale of the Church Street properties Beginning Proposed ,445, 000., fq 00 /,3q9 100 Fund Balance Anticipated Actual ,800 1,677,000 The projected balance at the close of the school year is 1,445,000. Revenue is expected to exceed budget by 1,163,000 in the following accounts. Real Estate Transfer Taxes, 364,500; Delinquent Taxes, 95,500; Earnings on Investments, 47,000; Sale of Real Estate, 285,900; Basic Instructional Subsidy,.135,90G Transportation Subsidy, 177,000. Expenditures are projected to be less than budgeted by 282,000. This represents less than one percent of the budgeted expenditures.,v E4iVv9b J IC6iT 7i,Cbs. e. L17

7 BUDGET SUMMARY SUMMARY OF ESTIMATED REVENUES AND OTHER FINANCING SOURCES FISCAL YEAR ENDED JUNE 30, 1985 Program No. Code Line Budget Amount. Total Item ESTIMATED BEGINNING FUND BALANCE AVAILABLE FOR APPROPRIATION Estimated Reserve for Encumbrances Estimated Unreserved Fund Balance (Deficit) Allocation from Admin. Budget (I.U. Only) /,39q,/oO _ TOTAL ESTIMATED BEGINNING FUND BALANCE AVAILABLE FOR APPROPRIATION SUMMARY OF ESTIMATED GENERAL FUND REVENUES AND OTHER FINANCING SOURCES Revenue from Local Sources (from page 6) Revenue from State Sources (from page 7) Revenue from Federal Sources (from page 9) Other Financing Sources (from page 9) TOTAL ESTIMATED REVENUES AND OTHER FINANCING SOURCES TOTAL ESTIMATED FUND BALANCE, REVENUES AND OTHER FINANCING SOURCES AVAILABLE FOR APPROPRIATION o , 7.2.7,.Zc0 3301G

8 A.U.N BUDGET SUMMARY SUMMARY OF ESTIMATED EXPENDITURES & OTHER FINANCING USES Program No._ Code Line Budget Item Amount Total INSTRUCTION Regular Progs E/S (fr. pg. 10) Special Progs E/S (fr. pg. 10) Vocational Education Frogs (fr. pg..10) Other Instructional Progs E/S (fr. pg. 10) Nonpublic Sch Frogs (LU. Only) (fr. pg. 11) Adult Education Progs (fr. pg. 11) Comm/Junior College Ed Frogs (fr. pg. 11) SUPPORT SERVICES Pupil Personnel (fr. pg. 11) Instructional Staff (fr. pg. 12) Admin (fr. pg. 12) Pupil Health (fr. pg. 12) Business (fr. pg. 12) Oper & Maint of Plant Svcs (fr. pg. 13) Student Transp Svcs (fr. pg. 13) Central (fr. pg. 13) Other (fr. pg. 13) OPER OF NONINSTRUCTIONAL SVCS Food Svcs (fr. pg. 14) Student Activities (fr. pg. 14) _.4i12.1 Comm Svcs (fr. pg. 14) FACILITIES ACQ, CONST & IMPROVE SVCS (fr. pg. 15) TOTAL ESTIMATED EXPENDITURES OTHER FINANCING USES Debt Svc (fr. pg. 15) j j3j Fund Transfers (fr. pg. 15) Budgetary Reserve (fr. pg. 15) TOTAL ESTIMATED EXPENDITURES & OTHER FINANCING USES acm Appropriation of Prior Year Encumbrances TOTAL APPROPRIATIONS (line 38 plus line 39).azn aciu ENDING UNRESERVED FUND BALANCE (line 13 minus line 40) TOTAL APPROPRIATIONS AND ENDING FUND BALANCE (line 40 plus line 41) _35 22.fL acm.. PDE2028 (7/83) Formerly DECO50

9 we5l t..nestr tr5.)lfluui UILt ILL LOCAL EDUCATION AGENCY TAX DATA REAL ESTATE, PER CAPITA (SEC. 679), LOCAL ENABLING (ACT 511) Program No. _ Code 6111 Current Real Estate Taxes County Chester Del aware _ Estimated Revenue Available For Appropriation Taxable Assessed Value County Number Mills _.2, &.7 s.7 _ _ 4 Q7 iota ::x si i Current Per Capita Taxes Rate Siction 679 Current Local Enabling Taxes Flat Rate Assessments Current Act 511 Taxes Rate _ Tax Levy Per Capita Taxes Occupation Taxes Flat Rate Occupational Privilege Taxes Trailer Taxes Business Privilege Taxes Mechanical Device Taxes Other Fiat Rate Assessments (specify) Total Act 511, Flat Rate Assessments Current Local Enabling Taxes Proportional Assessments Current Act 511 Taxes Rate Tax Levy Earned Income Taxes 1% 27ffftft0Th _aao iiao (1) Occupation Taxes Millage Real Estate Transfer Taxes 1/2 of 1% 110 Amusement Taxes Bus. Privilege Taxes Millage Mech. Device Taxes Percentage Mercantile Taxes Other Proportional Assessments (specify) Total Act 511, Proportional Assessments TOTAL ACT 511, CURRENT TAXES..aao jino Act 511 Tax Limit jj gjçj.012 =..&L9 ia(511 Limit) a &au ono Market VãIüe Mills b s (1) Effective 1/2 of 1% 16 PDE2028(7/83) FY Ended 6/30/85

10 A.U.N STATEMENTS OF INDEBTEDNESS AND INVESTMENTS Program No. STATEMENT OF INDEBTEDNESS Estimate Amount Total SHORTTERN PAYABLES Gene r a 1 Fund Other Funds Total ShortTerm Payables _j. 1 LONGTERN INDEBTEDNESS Bonds Payable Extended Term Financing Agreements Payable LeasePurchase Obligations Authority Lease Obligations Total LongTerm Indebtedness Budget Amount Total 0Q i oon._jjiaa...aao ia TOTAL INDEBTEDNESS 154 aao U mi CAPITAL RESERVE FUNDS AND OTHER INVESTMENTS CAPITAL RESERVE FUND, SECTION 690 Cash Inves tments Balance, Capital Reserve Fund, 690 CAPITAL RESERVE FUND, SECTION 2932 Cash Investments Balance, Capital Reserve Fund, 2932 OTHER INVESTMENTS General Fund Other Funds Balance, Other Investments, rqq,,00 B09 ñdii _3_1i 1.au... i acm.dflfl..aao.ao.o j PDE2028 (7/83) 17 Formerly DECO504, DECO770, DECO771 and DECO772

class GENERAL FUND BUDGET SCHOOL DISTRICTS, AREA VOCATIONAL TECHNICAL SCHOOLS AND SPECIAL PROGRAM JOINTURES PDE 2028 (2/92)

class GENERAL FUND BUDGET SCHOOL DISTRICTS, AREA VOCATIONAL TECHNICAL SCHOOLS AND SPECIAL PROGRAM JOINTURES PDE 2028 (2/92) West Chester Area School District LOCALEDUCATION AGENCY 2 class 124159002 ADMIN. UNIT NUMBER Chester county PENNSYLVANIA DEPARTP~ENTOFEDUCATION COMPTROLLER SOFACE GENERAL FUND BUDGET SCHOOL DISTRICTS,