BUDGET
BUDGET REVENUE SUMMARY Local Effort Current Real Estate Taxes Interim Real Estate Taxes Public Utility Realty Tax Payments in Lieu of Taxes Earned Income Tax Real Estate Transfer Tax Delinquent Taxes (All Levies) Earnings on Investments Tuition from Patrons Rent and Miscellaneous Income Beginning Fund Balance Total Local Effort State Sources Basic Instructional Subsidy Special Education Subsidy Performance Incentive Awards Tuition for Private Home Placement Instructional Support Teams Transportation Subsidy Vocational Education Subsidy Rent Subsidy Migratory Children Safe Schools Medical, Dental & Nurse Services Homebound Instruction Transitional Grants/Charter School PA Accountability Grants Social Security Subsidy Retirement Subsidy Total State Sources Federal Sources Other PA Public Schools-IDEA Other Intermediate Sources-SYEP Adult Literacy Title I Title ha & lid Title III Title IV-Drug Free Schools Title V Title VI Adult Basic Education Med. Access-Direct Services Med. Access-Time Study Total Federal Sources Other Financing Sources Special Revenue Fund Transfers Refund from Local Sources Refunds of Prior Years Total Other Financing Sources $90,363,380 2,931,543 183,906 13,493,230 4,475,011 2,619,049 438,057 260,157 722,722 7,986,245 $123,473,300 $6,211,090 4,724,308 $99,589,439 2,650,000 183,900 13,632,500 3,700,000 2,500,000 413,740 320,000 33,600 6,102,879 $129,126,058 $6,345,533 4,606,930 $99,700,000 3,100,000 144,523 14,100,000 4,632,000 2,400,000 786,000 320,000 33,600 6,469,844 $131,685,967 $6,357,169 4,791,592 $107,802,107 2,800,000 145,000 14,600,000 4,000,000 2,530,000 1,250,000 320,000 33,600 7,456,567 $140,937,274 $6,452,527 4,735,579 31,753 45,000 45,000 45,000 4,981,703 4,976,000 5,300,000 5,459,000 922,287 1,067,000 1,699,545 1,300,000 11,973 337,796-332,302-332,302-332,000 817,710 817,710 1,036,584 951,230-239,652 272,881 272,881 2,664,331 1,360,556 2,831,000 1,570,000 2,831,000 1,570,000 3,086,161 1,808,230 $22,063,507 $22,831,127 $24,236,073 $24,442,608 $961,163 1,008,100 1,322,412 1,398,605 31,578 35,000 - - 6,696 6,698 6,698 6,698 1,352,351 1,490,518 1,634,795 1,635,726 349,586 360,684 357,186 367,186 44,459 53,016 121,309 56,709 23,836 39,607 37,417 37,417 43,938 43,503 32,050 32,050 14,353 - - 27,223 25,099 25,098 25,098 81,429 80,000 300,000 300,000 81,519 96,000 93,238 99,509 3,018,131 3,238,225 $3,930,203 $3,958,998 1,725,025 1,612,600 1,612,600 1,965,350 1,725,025 $1,612,600 $1,612,600 $1,965,350 TOTAL $150,279,963 $156,808,010 $161,464,843 $171,304,230 110
BUDGET REVENUE SUMMAR~ I $76.1 MILLION $1503 MILLION $161.5 MILLION $171.3 MILLION TEN YEARS AGO 2 003-04 ACTUAL 2 005-06 BUDGET ANTICIPATED 111
BUDGET REVENUE (000)1 ACTUAL ANTICIPATED BUDGET LOCAL REVENUES (EXCLUDING CURRENT REAL ESTATE TAXES) $33,110 $31,986 $33,135 STATE REVENUES $22,064 $24,236 $24,443 OTHER FINANCING SOURCES $ 0 $ 0 $ 0 112
BUDGET ~1JOCAL EFFOR li ~EVENUES~
BUDGET 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). LOCAL EFFORT 6111 CURRENT REAL ESTATE TAXES The greatest amount of funds is raised from our taxpayers based on a 14.32 mill (Chester County) and 11.65 mill (Delaware County) levy on the assessed valuation of all taxable budgetedproperty represents within96,4% the School of the District. tax to bethe levied; amount the difference being our experience as to the amount of $90,363,380 $99,589,439 $99,700,000 $107,802,107 discounts granted during the discount period and the amount uncollected which will go to lien. 6112 INTERIM REAL ESTATE TAXES Represents the amount of taxes we anticipate collecting on new construction and additions to existing properties which, because of the completion date, do not appear on the regular historical tax data duplicate. and the This expected year s new estimate construction is based in on the area $2,931,543 $2,650,000 $3,100,000 $2,800,000 as determined by the number of building permits issued by municipalities. 6113 PUBLIC UTILITY REALTY TAX 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 was collected by the utility from the taxpayer as a part of the service bill. $183,906 $183,900 $144,523 $145,000 ~ EARNED INCOME TAX The District s portion (one-half percent) of the one percent earned income tax on all residents of the School District, except those residents working in Philadelphia and out-of- state who pay a tax on income where they work. The budget represents a 3.5% projected increase in taxable income. $13,493,230 $13,632,500 $14,100,000 $14,600,000 Transfer tax is revenue collected by the County Recorder of ~ REAL ESTATE TRANSFER TAX Deeds on the value of all real estate property within the District boundaries sold during the year. This tax is equal to one-half percent of the value of the property sold and is paid at the time of the transfer. This year s estimate is based on historical data and anticipated trends for the area. $4,475,011 $3,700,000 $4,632,000 $4,000,000 113
BUDGET 6400 DELINQUENT TAXES (ALL LEVIES) Delinquent tax is revenue collected by the County Tax Claim Bureau. Delinquent taxes are real estate taxes that were not paid during the original year of issue. The estimate includes collection factors on unpaid liens as follows: projected liens (20%), liens (40%), liens (60%), and all remaining prior years liens (70%). $2,619,049 $2,500,000 $2,400,000 $2,530,000 ~ EARNINGS ON INVESTMENTS The estimated interest the District will earn through its cash management program on general fund investments - average investments $50.0 million earning 2.5 % annually. $438,057 $413,740 $786,000 $1,250,000 Tuition we will receive from students, their parents/guardians 6940 TUITION FROM PATRONS AND OTHER LEAS for participation in the District s summer school programs and Outdoor Education Program. Monies received for providing services to pupils of another Local Education Agency. Includes tuition received from the resident school district for students placed by the courts and for institutional children placed in the District s educational programs. $260,157 $320,000 $320,000 $320,000 6990 MISCELLANEOUS REVENUE Represents the amount the District anticipates receiving from miscellaneous sources. The source of revenue in this category includes refunds from prior year expenditures and rent received from various organizations or groups for the use of the District s buildings and facilities. $722,722 $33,600 $33,600 $33,600 0770 BEGINNING UNRESERVED FUND BALANCE The Fund Balance appropriation represents the equity of prior years operation that is being committed to the operation. Adequate fund balance levels are recommended to be at least equal to one month s operating expenditures (8.3%). Bond raters such as Moody s evaluate the financial $7,986,245 $6,102,879 $6,469,844 $7,456,567 stability of the District based on several factors, one of which is adequate fund balance. The projected balance to be carried forward into the year is $7,456,567. 114
BUDGET * *EXCLUDES CURRENT REAL ESTATE TAXES ACTUAL PROJECTION BUDGET BEGINNING UNRESERVED FUND BALANCE $ 7,986 $ 6,470 $ 7,457 TAX COLLECTIONS $23,703 $24,377 $24,075 EARNINGS ON INVESTMENTS $ 438 $ 786 $ 1,250 OTHER $ 983 $ 354 $ 354 TOTAL $33,110 $31,986 $33,135 115
BUDGET UiVRESER J~EDFL/Ni) BA LA iv~e YEAR BALANCE* %OF BUDGET 1994-95 $6,010,824 7.5% 1995-96 $6,130,356 7.1% 1996-97 $3,693,890 4.0% 1997-98 $3,878,131 3.9% 1998-99 $4,339,412 4.2% 1999-00 $6,693,735 6.1% 2000-01 $8,846,719 7.6% 2001-02 $7,106,677 5.5% 2002-03 $7,635,178 5.7% $5,656,068 3.9% (Projected) $7,456,567 4,9% (Contingency) $2,600,000 1.5% *Includes Fund Balance Reserved for Technology 116
BUDGET 4 1994-95 ($6.0) 1995-96 ($6.1) 1996-97 ($3.7) 1997-98 ($3.9) 1998-99 ($4.3) 1999-00 ($6.6) 2000-01 ($8.8) 4 ;:~~4rj~p4,~ XL~1~Nfl1ru I~ A 2001-02 ($7.1) 2002-03 ($7.6) ($5.7) Includes Fund Balance Reserved for Technology Fund 117 ($75) ($2.6)
BUDGET $2,900,000 $2,650,000 $2,400,000 $2,150,000 $1,900,000 $1,650,000 $1,400,000 $1,150,000 $900,000 $650,000 $400,000 118 (Projecte~ (Budget)
BUDGET LOCAL ~OLLE~T1ONS $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 1999-00 2000-01 119 (Projected) (Budget)
BUDGET STATE SOUR~ES~ REVENUES~
BUDGET STATE SOURCES 6821 SAFE SCHOOLS $11,973 BASIC INSTRUCTIONAL SUBSIDY $6,211,090 $6,345,533 $6,357,169 $6,452,527 Revenue received from the state to fund the Safe School Initiative. The Safe School Initiative provided for conflict resolution workshops and MMSA Core Team training. The instructional subsidy is the largest single source of revenue from the state. According to Governor Rendells proposed 05-06 budget for the Commonwealth, there is a minimum guaranteed increase of 1.5% over the amount. 7270 SPECIAL EDUCATION OF EXCEPTIONAL PUPILS $4,724,308 $4,606,930 $4,791 592 $4735579 This represents an estimated formula for special education classes calculated as a minimum 1.5% increase over the amount. There is no contingency funding budgeted for the year. Additional contingency funds were received in. 7140 TRANS. GRANTS/CHARTER SCHOOL SUBSIDY $817,710 $817,710 $1,036,584 $951,230 7500 PA ACCOUNTABILITY GRANTS 200304 200405 $239,652 $272,881 $272,881 Revenue received from the state to fund charter schools initiative. The state subsidy received includes revenue for transitional grants, non-public student transfers, and up to 30% reimbursement for charter school expenditures from the previous year. Revenue received from the state to implement researchbased programs to boost student achievement. The District will use these funds in to fund a portion of the full day kindergarten program. 7160 TUITION FOR PRIVATE HOME PLACEMENT $31,753 $45,000 $45,000 $45,000 120 This state reimbursement is for providing education to nonresident orphaned children placed in private homes by court order. It also includes those non-resident inmates of children s institutions whose district of residence cannot be determined.
BUDGET 7310 TRANSPORTATION SUBSIDY. $4,981 703 $4,976,000 $5,300,000 $5,459,000.. This is a reimbursement to the District for the operation of a school busing program in compliance with state law and regulations. It is not required that each district operate a busing program, but if operated, it must comply with the state law and regulations and is eligible for the transportation subsidy based on factors including the number of public & non-public students, students transported due to hazardous conditions, the approved cost of transportation, and market value of real estate. 7220 VOCATIONAL EDUCATION SUBSIDY Reimbursement for District programs in distributive education, business education, and home economics based on classes that satisfy the state s criteria for reimbursement and the number of students enrolled in these classes. Revenue received from the Commonwealth as subsidy for attendance of migratory children in the District. 7250 MIGRATORY STUDENT SUBSIDY 7320 RENT SUBSIDY $922,287 $1,067,000 $1,699,545 $1,300,000 Reimbursement for building projects on a basis of approved costs times our permanent reimbursement ratio of 27.54 percent. Our budgeted revenue includes rental subsidy for our anticipated debt service payments. 7330-7340 MEDICAUDENTAL/NURSING SERVICES Represents medical & nursing services reimbursement at $8.60 per ADM, $2.00 per student receiving dental hygiene services, and $9.70 per ADM for additional Act 25 $337,796 $332,302 $332,302 $332,000 funding. The amount the District anticipates receiving for state reimbursement of homebound instruction costs. 7210 HOMEBOUND INSTRUCTION 121
BUDGET 7810 SOCIAL SECURITY SUBSIDY $2,664,331 $2 831 000 $2 831 000 $3 086 161 Z~ RETIREMENT SUBSIDY $1,360,556 $1,570,000 $1,570,000 $1,808,230 122 Effective 1/1/87, the Commonwealth reimbursed the School District for 1/2 of the employers share of social security. Prior to this date, the State made payments directly to Social Security Administration. Act 29 of 1994 includes subsidy, provisionsalthough to applyatthe to the social security thisstate timeaid theratio minimum reimbursement is defined as full funding of 1/2 of the employer s share. According to Act 29 of 1994, effective 7/1/95, the Commonwealth will reimburse the School District for 1/2 of the employer s share of contributions to Public School Employees Retirement System (PSERS). Prior to this date, the state made payments directly to PSERS. Act 29 of 1994 includes provisions to apply the state aid ratio to the retirement subsidy, although at this time the minimum reimbursement is defined as full funding of 1/2 of the employer s share.
BUDGET STA TE RE VENUES (000) STATE SUBSIDY ACTUAL PROJECTION % INCREASE ESBE $ 6,211 $ 6,357 2.4% $ 6,453 1.5% SPECIAL EDUCATION $ 4,724 $ 4,792 1.4% $ 4,736-1.2% TRANSPORTATION $ 4,982 $ 5,300 6.4% $ 5,459 3.0% SOCIAL SECURITY $ 2,664 $ 2,831 6.3% $ 3,086 9.0% RETIREMENT $ 1,361 $ 1,570 15.4% $ 1,808 15.2% OTHER $ 2,122 $ 3,386 59.6% $ 2,901-14.3% TOTAL $22,064 $24,236 9.8% $24,443 0.9% 123 % BUDGET INCREASE
BUDGET STATE FISCAL SUPPORT FOR REGULAR EDUCATION BASIC EDUCATIONAL FUNDING Basic Education Funding Base Supplement $6,357,169 44,026 Growth Supplement -0- Minimum Increase *Mjnjmum Per ADM Guarantee Basic Education Funding 51,332-0$6,452,527 Calculation of Components BASE SUPPLEMENT: Total statewide funding for the Base Supplement is $58 million A school district will receive a pro rata share of the supplement based on its mathet value/personal income (MV/Pl) aid ratio times its average daily membership (ADM) A district whose mathet value/personal income aid ratio is less than.5000 will receive a pro rata share of $5,500,000. The West Chester Area School District s MV/PI Aid Ratio is.15 MINIMUM INCREASE: Difference for a minimum 1.5% increase over prior year 124
BUDGET The STATE FUNDING GAP has increased from $74.5 million in 1996-97 to $140.8 million in. MILLIONS OF DOLLARS 1996~97 1997-98 1998-99 1999-00 2000.01 125 2001-02 2002-03 2004.05 (Projected) (Budget)
BUDGET STA TE FISCAL SUPPORT FOR REGULAR ED UCA TION l993-94 l994-95 1995-96 1996-97 1997-98 1998-99 1999-00 126 2000-01 2001-02 2002-03 (Projected) (Budget)
BUDGET (Excludes Contingency Funding) AMOUNT PER LEGISLATIVE PROPOSAL Special Education Formula: Portion of ADM s considered Mildly Handicapped l5% Portion of ADM s considered Severely Handicapped Total % of ADM s 1 % - - 2004-2005 Funding: Supplemental Funding 16% $4,665,794 0.8% Increase: Subtotal: $38,285 $4,704,079 Add: Difference for a Minimum l5% Increase over Prior Yr, Special Education Funding: 121 $31,500 $4,735,579
BUDGET FEDERAL SOURCESI [REVENUESI
BUDGET FEDERAL SOURCES 6831 IDEA $961,163 $1,008,100 $1,322,412 $1,398,605 Federal revenue received from the Chester County Intermediate Unit to fund the Individuals with Disabilities Educational Act (IDEA). 6839 SUMMER YOUTH EMPLOY.-INTERM SOURCES $31,578 $35,000 Federal revenue received through the county to provide training and summer employment opportunities for disadvantaged youth (SYEP). 7280 ADULT LITERACY State revenue received to provide for the Adult Literacy $6,696 $6,698 $6,698 $6,698 Program. 8514 TITLE I-IMPROVING ACADEMIC ACHIEVEMENT $1,352,351 $1,490,518 $1,634,795 $1,635,726 8515 TITLE Il-IMPROVING TEACHER QUALITY Funds received to enhance reading services for the educationally disadvantaged. Funding is also included for Glen Mills School, St. Agnes, St. Simon and Jude and St. Maximillian though the Chester County Intermediate Unit. Funds received for educational technology and improving teacher quality through staff development. Funds are also used to decrease class size and for full day kindergarten.. $349,586 $360,684 $357,186 $367,186. 8516 TITLE Ill-LANGUAGE INSTRUCTION/LIMITED ENGLISH $44,459 $53,016 $121,309 $56,709 128 Funds received to supplement resources and provide translation services for LEP students and for staff development.
BUDGET 8517 TITLE IV-2lst CENTURY SCHOOLS $23,836 $39,607 $37,417 $37,417 The Safe and Drug Free Schools program is provided through this revenue source; funding COAD Mental Health Drug & Alcohol Assessment, a parenting program and student assistance training. 8518 TITLE V- INNOVATIVE PROGRAMS $43,938 $43,503 $32,050 $32,050 $14,353 Revenue received is used to supplement the district s K-2 summer school program. 8560 TITLE VI This program funded technology training for teachers. It was discontinued and replaced with Title V. 8620 ADULT BASIC EDUCATION $27,223 $25,099 $25,098 $25,098 This supplements the adult GED / ESL basic education program. 8810 ACCESS-MEDICAL ASST. REIMBURSEMENTS $81,429 $80,000 $300,000 $300,000 Direct Service reimbursements are received for related health services as part of a student s Individual Education Plan (IEP). 8820 MEDIAL ASST. REIMBURSEMENT/TRANSPORTATION & ADMIN. $81,519 $96,000 $93,238 $99,509 129 Provides reimbursement for administrative costs incurred in providing health-related services to medical assistance enrolled students.
BUDGET FFHER FINANCING SOURCE ~REVENUESI
BUDGET OTHER FINANCING SOURCES 9320 SPEC. REVENUE FUND TRANSFERS $1,725,025 $1,612,600 $1,612,600 $1,965,350 6991 Transfers from Special Reveune Funds. This category includes transfers from the Capital Reserve Fund. REFUNDS FROM LOCAL SOURCES Refunds are receipts of cash returning all or part of a prior period expenditure. Examples in this category include refunds from our medical insurance carrier and the CCIU. 9500 REFUNDS OF PRIOR YEARS Refunds are receipts of cash returning all or part of a prior period expenditure. Examples in this category include refunds from our medical insurance carrier and the CCIU. 130