WEST CHESTER AREA SCHOOL DISTRICT BUDGET INFORMATIONAL SECTION; 4 4 ~ C

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Mervyn Watts
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1 INFORMATIONAL SECTION; 4 4 ~ C

2 IMILLAGE~I

3 MILLAGE CALCULATION 1. Net amount to be raised from real estate taxes $107,802, Gross tax to be levied (estimate 96.4% collection) $111,827, Equalization between counties - Section Most Recent Value Certified by STEB Percent a. Chester County $6,778,579, Delaware County $ , $7,160,219, b. Gross Real Estate Levy: Chester County % $105,867,476 Delaware County % $5,960,436 $111,827, Millage Calculation: a. Tax Levy - Chester County divided by the $105,867, mills Assessed Value - Chester County $7,393,052,257 b. Tax Levy - Delaware County divided by the $5,960, mills Assessed Value - Delaware County 511,840,486 TAX LEVY Real Estate Tax at the rate of Fourteen and Thirty-Two Hundredths (14.32) mills, or $1432 per one hundred dollars of assessed valuation of taxable real property, in the Townships of East Bradford, East Goshen,Thornbury, West Goshen, Westtown, West Whiteland, and the Borough of West Chester, all of Chester County, Pennsylvania; and Eleven and Sixty-Five Hundredths (11.65) mills, or $1165 per one hundred dollars of assessed valuation of taxable real property, in the Township of Thornbury, Delaware County, Pennsylvania. 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 4.9% of the total market value ofthe School District; for , Delaware County represents 5.33%. 139

4 Millage Calculation CHESTER COUNTY MILLAGE PREVIOUS YEAR MILLAGE INCREASE(DECREASE) 5.7%.77 Mills DELAWARE COUNTY MILLAGE PREVIOUS YEAR MILLAGE INCREASE(DECREASE) 6.4%.71 Mills 140

5 ANALYSIS OF TAX LEVY INCREASE PROPOSAL CHESTER CO. NON-ExPENSE AND REVENUE FACTORS AFFECTING THE MILLAGE MILLAGE 14, MILLAGE INCREASE MILLAGE INcRJ(DEcR.) BUDGET INcRJ(DEcR.) % N~RJ(DECRJCHESTER CO. DELAWARE co. CHANGES IN STEB PERCENTAGE BETWEEN CHESTER AND DELAWARE COUNTY INCREASE IN ASSESSED VALUES IN CHESTER AND DELAWARE COUNTIES (0.07) (0.28) 0.96 (1.15) REVENUES: FUND BALANCE $ 6,102,879 $ 7,456,567 $ 1, LOCAL REVENUES EXCL. CURRENT R.E. TAXES $ 23,433,740 $ 25,678,600 $ 2,244,860 STATE REVENUES EXCLUDING RETIREMENT SUBSIDY $ 21,261,127 $ 22,634,378 $ 1,373,251 STATE RETIREMENT SUBSIDY $ 1,570,000 $ 1,808,230 $ 238,230 FEDERAL SUBSIDIES $ 3,238,225 $ 3,958,998 $ 720,773 SPECIAL REVENUE FUND TRANSFERS $ 1,612,600 $ 1,965,350 $ 352, % 9.6% 6.5% 15.2% 22.3% 21.9% (0.18) (0.31) (0.19) (0.03) (0.10) (0.05) (0.15) (0.25) (0.15) (0.03) (0.08) (0.04) TOTAL REVENUES $ 57,218,571 $ 63,502,123 $ 6,283,552 11,0% (0.85) _-~ (UA Kr~r- ~1K ~ M~PflPfl Tfl M~PT(1( ThJTP~(T1 MI tlri 1l?.~T1t)AIC M~MJT~IK.PPl/1t~PI r.l/cl ~ 1,10 I: SALARIES SALARY INCREASES $ 75,582,372 $ 76,958,631 $ 1,376, % NET ATTRITION FACTOR $ - $ 1,125,000 $ 1,125,000 STAFF ADDITIONS (NON-RUSTIN) $ - $ (241,778) $ (241,778) TOTAL SALARIES $ 75,582,372 $ 77,841,853 $ 2,259, % BENEFITS BENEFITS $ 19,630,619 $ 21,470,192 $ 1,839, % DISTRICT CONTRIB TO PSERS RETIREMENT $ 3,139,821 $ 3,616,549 $ 476, % BENEFITS FOR STAFF ADDITIONS (NON-RUSTIN) $ - $ (59,925) ~ (59,925) - TOTAL BENEFITS $ ,440 $ 25,026,816 $ 2,256, % PROFESSIONAL SERVICES -SUBSTITUTES $ 1,060,800 $ 1,223,800 $ 163, % TRANSPORTATION: 4.2% DAILY RATE INCREASE OVER PROJECTION 5 8,997,744 $ 9,585,430 $ 587, % ADJUST FOR ACTUAL MORE THAN BUDGET $ 33,638 $ 33,638 ADD L BUSES FOR STUDENT TRANSPORT (NCR. $ 487,543 $ 487,543 IU CONTRACTED FOR CASE $ 56,242 $ 62,491 $ 6,249 IU CONTRACTED FOR SPECIAL EDUCATION $ 1,126,000 $ 992,000 ~fl~2 1t9% TOTALTRANSPORTAT(ON $ 10,179,986 $ 11,161,102 $ 981, % (0.03) (0,01) () (0.03) (0.01) (0.01) 0.11 CURR. PROPOSALS $ 1,191,050 $ 1,117,248 $ (73,802) -6.2% SPECIAL EDUCATION SERVICES & TUITIONS $ 6,186,123 $ 6,947,618 $ 761, % CATTUITION $ 866,322 $ 1,028,500 $ 162, % ALTERNATIVE EDUCATION TUITIONS $ 747,892 $ 962,733 $ 214, % CHARTER SCHOOL TUITION $ 4,467,145 $ 6,656,845 $ 2,189, % (0.01) (0.01) DEBTSERVICE $ 11,315,356 $ 12,374,457 $ 1,059, % RUSTIN/SECONDARY SCHOOL DEBT SERVICE 5 5,312,284 $ 8,270,549 $ 2,958,265 55,7% RUSTIN/SECONDARY SCHOOL PROJECT EXPENSES $ - $ 658,471 $ 658, % FUND BALANCE CONTINGENCY $ 2,600,000 $ 2,600,000 $ - 0.0% OPERATION & MAINTENANCE 5 5,579,740 $ 5,817,453 $ 237, % CHANGE IN PPA $ 2,298,709 $ 2,464,896 $ 166, % GENERAL FUND FACILITY PROJECTS 5 198,991 $ 250,423 $ 51, % OTHER EXPENSES $ 6,450,800 $ 6,901,466 $ 450, % TOTAL EXPENSES S 156,808, ,304,230 S 14,496, % NET AMOUNT TO BE RAISED FROM TAXES 5 99,589,439 $ 107,802,107 $ 8,212, %

6 CHESTER COUNTY DELAWARE COUNTY YEAR MILLAGE % INCRI DECR AVERAGE RESIDENTIAL ASSESSMENT AVERAGE TAX BILL MILLAGE % INCR/ DECR AVERAGE RESIDENTIAL ASSESSMENT WERAGE TAX BILL % $183,000 $2, % $5,610 $2, % $183,000 $2, N/A $220,000 $2, % $183,000 $2, % $220,000 $2, % $183,000 $2, (-3.3%) $220,000 $2, % $183,000 $2, (-8.3%) $220,000 $2, % $183,000 $2, % $220,000 $2, % $183,000 $2, % $220,000 $2,

7 I YOF YEAR CHESTER COUNTY DELAWARE COUNTY % 5.33% % 4.90% % 4.61% % 4.87% % 5.11% % 5.03% 143

8 REAL PROPER TV ASSESSMENT DA TA YEAR* MARKET VALUE ASSESSED VALUE RATIO (1999) $5,148,238,400 $6,953,494, (2000) $5,796,677,500 $7,240,477, (2001) $6,067,531,900 $7,518,564, (2002) $6,830,557,700 $7,713,973, (2003) $7,160,219,200 $7,904,892, * THE YEAR IN PARENTHESIS INDICATES WHEN MARKET VALUE WAS ACTUALLY CALCULATED BY THE STATE TAX EQUALIZATION BOARD. FOR EXAMPLE, THE 1999 MARKET VALUE WAS REPORTED TO THE SCHOOL DISTRICT FOR THE FISCAL YEAR. 144

9 I.. BASE ASSESSMENT CHESTER COUNTY (S Millions) $351.6 $ 1.1 $ 3.8 $ 4.8 $ 4.6 $ 6.6 DELAWARE COUNTY (S Millions) $5.0 $0.5 $0.2 $0.4 $0.2 $0.3 Value Prior to Reassessment $372.5 $6.6 Reassessed Value (Chester_County) Value Prior to Reassessment (Delaware County) Reassessed Value $5,801.2 $6.8 N/A $0.5 $205.5 $0.4 $6,006.7 $7.7 $6,006.7 $ $ N/A $ (.4) $ $ $ $ 41, $ $ $ $ ASSESSED VALUE $7,393.1 $

10 kssessed VALUE OF REAL ESTATE I IMPACT OF CHESTER COUNTY APPEALS YEAR APPEALS FILED % OF TAX BASE REDUCTIONS IN TAX BASE % OF TAX BASE $26,000,000 7% $ 4,578, % $20,695,000 6% $ 3,704, % $17,113,000 5% $2,818,310.75% $13,312,000 4% $ 1,691,000.50% TOTAL $77,120,000 22% $12,791, % BASE YEAR N/A N/A N/A $ 36,623,660.6% $ 7,834,210.1% $ 55,989, % $20,109,710.3% $122,823, % $ 5,727,710.08% $132,569, % $12,988,160.17% $ 92,830, % ($4,541,680) (.06%) $191,121, % $17,373,250.24% $ 86,565, % $ 6,836,324.09% 146

11 MILLAGE RATE -~ -~ F~,) C~) C~) Ui 0 01 I I.) (~ 0) 0,) ~-1 P (00 C I m C,) -I C) I Ill (0 om r.n I> 0 cj3> C IC)

12 WEST CHESTER AREA SCHOOL DISTRICT TO COUNTY AVERAGE WEST CHESTER AREA COUNTY % SCHOOL DISTRICT AVERAGE INCR./DECR BUDGET $156,808,010 $73,037,237 (-53%) STUDENTS 11,713 5,645 (-52%) COST/STUDENT $13,388 $13,041 (-3%) MARKET VALUE (MV) $7,160,219,200 $2,559,953,000 (-64%) MV/STUDENT $611,305 $447,044 (-27%) MILLAGE % REAL ESTATE TAXES (ASSESS. AT $183,000) $2,480 $3,701 49% EIT@$60,000 $300 $ 200 OTHER TOTAL TAXES $2,780 $3,918 41% MILLAGE (ASSES. AT $183,000) % REAL ESTATE TAXES $2,621 $3,832 46% TOTAL TAXES $2,921 $4,049 39% 148

13 WEST CHESTER AREA SCHOOL DISTRICT Tax Effort Analysis Chester County School Districts EQUALIZED MILL 4 ~ West Chester Ranked 450th out of 501 School Districts in the Level of Taxpayer Effort in the State 149

WEST CHESTER AREA SCHOOL DISTRICT 2OOO~O1BUDGET. W ~fl4 ~ ~ -

WEST CHESTER AREA SCHOOL DISTRICT 2OOO~O1BUDGET. W ~fl4 ~ ~ - 2OOO~O1BUDGET W ~fl4 ~ ~ r!!nmat!!~ai SECTIONI IMILLAGE~I MILLAGE CALCULATION 1. Net amount to be raised from real estate taxes, 200001 72,662,051 2. Gross tax to be levied (estimate 96.4% collection)