FINAL Fiscal Year June 20, 20i6
229 Meetinghouse Road, Horsham, PA 19044 June 20, 20i6 Board of School Directors School District of Hatboro-Horsham 229 Meetinghouse Road Horsham, PA 19044 Members of the Board: In accordance with the school laws and your request, I am presenting this final budget for the fiscal year beginning July l, 2016, and ending June 30, 2017. It has been prepared by the Superintendent of Schools in cooperation with the Administrative Staff to provide those services and supplies approved by the Board of School Directors. The Final Document is scheduled for adoption on June 20,2016 and was made available for public review on June 10, 2016. Upon approval by the School Board of Hatboro-Horsham School District, the 2016-2017 Final will be submitted to the Pennsylvania Department of Education no later than July 15, 20l6. Curtis J. Griffin Superintendent
PAGE 1 REVENUE & RECEIPTS OF THE GENERAL FUND REVENUES: Estimated Appropriated Fund Balance 6000 Revenue from Local Sources 7000 Revenue from State Sources 8000 Revenue from Federal Sources 9000 Other Financing Sources $3,050,000 $71,321,870 $16,482,008 $1,325,280 $600,000 $3,050,000 $73,068,419 $17,598,409 $1,302,675 $1,033,000 $3,050,000 $75,241,844 $19,088,901 $1,393,783 $1,272,298 Total Estimated Revenues $92,779,158 $96,052,503 $100,046,826 Estimated Reserve for Encumbrances Total Funds Available for Appropriations $92,779,158 $96,052,503 $100,046,826 1000 2000 3000 4000 5000 Instruction Support Operation of Non-lnstructional Facilities Acquisition, Construction and Improvement Other Financing Uses $55,772,234 $29,803,974 $1,602,073 $3,000 $5,597,877 $57,330,092 $31,280,161 $1,705,645 $3,000 $5,733,605 $59,469,520 $32,841,702 $1,726,806 $3,000 $6,005,798 Total Estimated Expenditures Appropriation of Prior Year Encumbrances $92,779,158 $96,052,503 $100,046,826 Total Estimated Appropriations $92,779,158 $96,052,503 $100,046,826
PAGE 2 REVENUE & RECEIPTS OF THE GENERAL FUND 6000 Revenue from Local Sources 6111 Current Real Estate Taxes $63,412,053 $65,002,357 $66,726,416 6112 Interim Real Estate Taxes $200,000 $350,000 $250,000 6113 Public Utility Tax $82,000 $86,000 $82,000 6114 Payments in Lieu of Current Taxes $2,153 $2,153 $2,153 6120 Current Per Capita Taxes 6140 Current Act 511 Taxes - Flat Rate Assessment 6151 Currrent Act 511 Taxes - Earned Income Tax $4,600,000 $4,715,000 $4,949,415 6153 Current Act 511 Taxes - Real Estate $725,000 $700,000 $750,000 Transfer 6400 Delinquencies, All Levies $875,000 $800,000 $800,000 6500 Earnings on Investments $50,000 $50,000 $40,000 6700 Revenue from Student Activity $25,000 $25,000 $25,000 6832 IDEA-B IDEA Section 619 and Other Federal Pass- Through $711,620 $711,620 $909,705 6839 E-Rate Discount Pass Through $38,000 6910 Rental of School Property $396,000 $396,000 $438,867 6920 Contributions/Donations - Community $43,036 $24,672 $24,672 Outreach 6940 Tuition $150,000 $195,420 $195,421 6950 Transportation Fees 6960 Provided Other Local Government Units 6970 Provided Other Funds 6980 Revenue from Community Service Activities 6990 Miscellaneous Revenue $50,008 $10,197 $10,195 Total Revenue from Local Sources $71,321,870 $73,068,419 $75,241,844
PAGES District Current Taxes Worksheet Applicable Real Estate Asessessed Value x Mills Tax Levy Collected Revenue 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09* 2009-1 O* 2010-11 * 2011-12* 2012-13* 2013-14* 2014-15* 2015-16* 2016-17* $109,215,525 $108,835,220 $105,792,134 $104,660,850 $106,297,233 $108,270,257 $2,161,432,299 $2,207,104,947 $2,278,628,860 $2,339,998,224 $2,405,476,945 $2,459,145,692 $2,501,976,244 $2,529,548,134 $2,548,574,244 $2,543,894,789 $2,456,197,515 $2,458,262,673 $2,453,578,397 $2,452,547,459 $2,459,107,261 $2,478,302,578 $2,506,041,043 $2,522,004,937 $2,528,711,135 214.90 238.90 256.00 265.00 278.00 287.00 16.214 17.207 18.330 18.521 19.445 20.310 20.616 21.356 22.117 22.800 23.531 24.083 24.647 24.992 25.410 25.816 26.358 26.848 27.487 $23,470,416 $26,000,734 $27,082,786 $27,735,125 $29,550,631 $31,073,564 $35,045,463 $37,978,758 $41,767,267 $43,339,107 $46,778,653 $49,885,731 $51,580,742 $54,021,029 $56,366,817 $58,000,801 $57,796,784 $59,202,339 $60,473,347 $61,294,066 $62,485,916 $63,979,859 $66,054,222 $67,710,789 ** $69,506,683 95.43% 95.31% 94.73% 95.81% $22,397,818 $24,781,300 $25,655,523 $26,573,023 $28,368,606 $29,830,621 $33,643,644 $36,459,597 $40,096,271 $41,605,209 $44,907,507 $47,869,796 $49,516,287 $51,859,433 $54,113,050 $55,680,769 $55,400,167 $56,833,538 $58,054,541 $58,842,175 $59,986,381 $61,420,665 $63,412,053 $65,002,357 $66,726,416 Beginning with the 2008-2009 Fiscal Year, the total assessed value of property was reduced by state funds allocated to the Homestead Exclusion. Revenues were provided by the state to offset the reduction and are included in account 7340 - Property Tax Reduction Allocation under the State Revenue Sources. ** 511 Taxes 2014-15 Base, Rate, & Estimated 2015-16 2016-17 Base, Rate, & Estimated Base, Rate, & Estimated Per Capita Wage, Income R.E. Transfer Occupation Trailer Amusement Mercantile Mech. Device $4,600,000 $725,000 $4,715,000 $700,000 $4,949,415 $750,000 Total 511 Taxes $5,325,000 $5,415,000 $5,699,415
PAGE 4 Hatboro-Horsham School District Tax Base Real Estate - Taxable Assessed Value Hatboro Borough (estimated) $381,352,342 Horsham Township (estimated) $2,147,358,793 Hatboro-Horsham School District $2,528,711,135 Real Estate - Transfer Tax @ 1/2% Hatboro Borough $187,500 Horsham Township $562,500 Hatboro-Horsham School District $750,000
PAGES REVENUE & RECEIPTS OF THE GENERAL FUND 7000 Revenue from State Sources 7110 Basic Instructional Subsidy $4,311,850 $4,311,850 $4,586,989 7140 Charter Schools 7150 School Performance Incentives 7160 Tuition For Orphans and Children Placed in Private Homes - Section 1305/1306 PSC $94,374 $138,473 $138,473 7240 Driver Education - Student 7270 Special Education $2,212,721 $2,212,721 $2,256,544 7290 Other Program Subsidies 7310 Transportation $686,539 $634,464 $634,464 7320 Rental & Sinking Fund Payments $204,727 $190,017 $189,068 7330 Medical and Dental $102,957 $90,000 $91,800 7340 State Property Tax Reduction Allocation $2,322,489 $2,354,887 $2,415,880 7501 Accountability Grant $112,990 $112,990 7505 Ready to Learn Grant $101,873 $270,230 7510 Community Grant 7520 Disruptive Youth Grant 7400 Vocational Training of the Unemployed 7810 Revenue for Social Security Payments $1,697,222 $1,702,036 $1,726,854 7820 Revenue for Retirement Payments $4,736,139 $5,749,098 $6,778,599 7910 Technology (Link-to-Learn) 7920 Other Technology Grants Total Revenue from State Sources $16,482,008 $17,598,409 $19,088,901
PAGES REVENUE & RECEIPTS OF THE GENERAL FUND 8000 Revenue from Federal Sources 8110 Federally Impacted Areas (PL 81-874) $598,500 $598,500 $598,500 8190 Other Unrestricted Federal Grants 8514 Title I - Improving Academic Achievement of the Disadvantaged $379,513 $343,541 $451,674 8515 Title II - Preparing, Training and Recruiting High Quality Teachers and Principals $111,050 $111,057 $102,475 8516 Title III - Language Instruction for Limited English Proficient and Immigrant Students $15,317 $28,677 $20,234 8517 Title IV - 21 st Century Schools 8518 Title V - Promoting Informed Parental Choice and Innovative Programs 8620 Adult Basic Education 8701 IDEA B ARRA Stimulus Funds 8708 ARRA - Basic Ed - SFSF 8810 Medical Asst. Reimb. (Access) $220,900 $220,900 $220,900 8690 Other Restricted Federal/State Grants Total Revenue from Federal Sources $1,325,280 $1,302,675 $1,393,783
PAGE 7 REVENUE & RECEIPTS OF THE GENERAL FUND 9000 Other Financing Sources 9110 Bond Issue Proceeds 9330 Capita! Projects Fund Transfers 9340 Debt Service Fund Transfers $133,000 $272,298 9360 Internal Service Fund Transfers $600,000 $900,000 $1,000,000 9370 Trust & Agency Fund Transfers 9400 Sale of Fixed Assets 9500 Refund of Prior Years' Expenditures Total Other Financing Sources $600,000 $1,033,000 $1,272,298 Estimated Beginning Fund Balance $3,050,000 $3,050,000 $3,050,000 Total Estimated Revenues & Fund Balance Appropriation $92,779,158 $96,052,503 $100,046,826
PAGES 1100 Instruction - Regular Programs 100 Salaries $24,057,981 $23,976,779 $23,252,336 200 300 Employees Benefits Purchased Professional & Technical $12,717,059 $13,894,762 $15,082,932 $191,200 $198,218 $1,466,538 400 Purchased Property $309,401 $320,116 $320,321 500 Other Purchased $559,621 $557,519 $727,070 600 Supplies $555,338 $550,654 $592,738 700 Property $25,750 $22,200 $20,200 800 Other Objects $50,482 $51,783 $57,637 Total $38,466,832 $39,572,031 $41,519,772
PAGE 9 1200 Instruction - Special Programs 100 Salaries $6,899,585 $6,883,555 $5,567,716 200 Employees Benefits $3,643,278 $3,986,068 $3,830,074 300 Purchased Professional & Technical $1,791,889 $1,911,901 $3,624,656 400 Purchased Property 500 Other Purchased $1,814,550 $1,901,217 $1,906,483 600 Supplies $87,938 $89,271 $89,564 700 Property $3,000 800 Other Objects $200 $200 $200 Total $14,240,440 $14,772,212 $15,018,693
PAGE 10 1300 Instruction - Vocational Education Programs 100 Salaries $1,207,071 $1,078,147 $1,031,981 200 Employees Benefits $637,386 $624,324 $668,789 300 Purchased Professional & Technical 400 Purchased Property $1,410 $1,595 $1,595 500 Other Purchased $990,663 $1,040,423 $1,014,094 600 Supplies $39,482 $37,621 $37,620 700 Property $3,200 $3,200 $3,200 800 Other Objects $620 $620 $620 Total $2,879,832 $2,785,930 $2,757,899
PAGE 11 1400 Other Instructional Programs 100 Salaries $28,000 $28,000 $31,000 200 Employees Benefits $14,785 $16,214 $20,090 300 Purchased Professional & Technical $21,000 $21,000 $20,500 400 Purchased Property 500 Other Purchased $76,128 $76,128 $76,128 600 Supplies $31,217 $45,577 $7,400 700 Property $14,000 800 Other Objects Total $185,130 $186,919 $155,118
PAGE 12 1500 Non-Public School Programs 300 Purchased Professional & Technical Total $13,000 $18,038 $13,000 $18,038
PAGE 13 1600 Adult Education Programs 100 Salaries 200 Employees Benefits 300 Purchased Professional & Technical 400 Purchased Property 500 Other Purchased 600 Supplies 700 Property 800 Other Objects Total
PAGE 14 2100 Support - Pupil Personnel 100 Salaries $2,311,370 $2,431,688 $1,982,004 200 Employees Benefits $1,220,503 $1,408,121 $1,284,464 300 Purchased Professional & Technical $22,400 $20,400 $20,600 400 Purchased Property 500 Other Purchased $13,250 $13,250 $14,250 600 Supplies $15,464 $15,237 $15,978 700 Property 800 Other Objects $2,925 $2,425 $2,925 Total $3,585,912 $3,891,121 $3,320,221
PAGE 15 2200 Support - Instructional Staff 100 Salaries $1,232,044 $1,115,459 $1,401,277 200 Employees Benefits $707,357 $705,900 $1,019,930 300 Purchased Professional & Technical $38,717 $33,693 $145,587 400 Purchased Property $7,650 $4,900 $4,900 500 Other Purchased $110,621 $122,000 $109,998 600 Supplies $717,394 $795,393 $654,941 700 Property $21,342 $15,942 $10,000 800 Other Objects $15,000 $15,000 $20,000 Total $2,850,125 $2,808,287 $3,366,633
PAGE 16 2300 Support - Administration 100 Salaries $3,409,202 $3,543,663 $3,747,429 200 Employees Benefits $1,800,206 $2,052,033 $2,428,572 300 Purchased Professional & Technical $147,700 $148,200 $148,700 400 Purchased Property $9,150 $9,388 $9,388 500 Other Purchased $189,165 $210,073 $184,990 600 Supplies $75,559 $76,706 $80,057 700 Property $850 $850 $850 800 Other Objects $48,259 $53,439 $56,439 Total $5,680,091 $6,094,352 $6,656,425
PAGE 17 2400 Support - Pupil Health 100 Salaries $472,848 $468,323 $420,441 200 Employees Benefits $249,684 $271,192 $272,473 300 Purchased Professional & Technical $64,750 $65,750 $5,750 400 Purchased Property 500 Other Purchased $2,500 $2,500 $1,500 600 Supplies $20,122 $20,394 $20,594 700 Property $10,000 $7,500 $7,500 800 Other Objects Total $819,904 $835,659 $728,258
PAGE 18 2500 Support - Business 100 Salaries $568,333 $606,313 $681,898 200 Employees Benefits $300,104 $351,098 $441,913 300 Purchased Professional & Technical $212,900 $325,956 $265,994 400 Purchased Property $235,657 $226,034 $243,840 500 Other Purchased $93,803 $76,439 $77,751 600 Supplies $198,673 $48,673 $48,673 700 Property $25,000 $25,000 $25,000 800 Other Objects $8,960 $8,960 $8,960 Total $1,643,430 $1,668,473 $1,794,029
PAGE 19 2600 Support - Operation and Maintenance of Plant 100 Salaries $2,360,920 $2,425,583 $2,594,394 200 Employees Benefits $1,246,667 $1,404,585 $1,681,332 300 Purchased Professional & Technical $15,049 $17,049 $19,114 400 Purchased Property $1,709,485 $1,696,485 $1,741,330 500 Other Purchased $163,900 $178,900 $171,900 600 Supplies $969,599 $955,301 $943,811 700 Property $10,800 $10,800 $10,800 800 Other Objects $400 $400 $400 Total $6,476,820 $6,689,103 $7,163,081
PAGE 20 2700 Support - Student Transportation 100 Salaries $2,324,204 $2,477,720 $2,370,632 200 Employees Benefits $1,228,014 $1,435,702 $1,537,785 300 Purchased Professional & Technical $700 $700 $700 400 Purchased Property $59,700 $59,700 $59,700 500 Other Purchased $1,680,280 $1,608,693 $1,612,622 600 Supplies $624,035 $545,148 $491,845 700 Property $8,000 $8,000 $8,000 800 Other Objects $800 $800 $800 Total $5,925,733 $6,136,463 $6,082,084
PAGE 21 2800 Support - Central 100 Salaries $1,009,551 $1,044,560 $1,135,542 200 Employees Benefits $533,087 $604,875 $735,903 300 Purchased Professional & Technical $177,400 $240,129 $245,629 400 Purchased Property $466,550 $698,446 $910,069 500 Other Purchased $145,255 $153,255 $169,960 600 Supplies $102,148 $89,378 $168,781 700 Property $115,400 $42,000 $76,000 800 Other Objects $500 $500 $500 Total $2,549,891 $2,873,143 $3,442,384
PAGE 22 2900 Support - Other 100 Salaries $100,481 $97,745 $95,773 200 Employees Benefits $53,058 $56,601 $62,067 300 Purchased Professional & Technical $4,000 $2,500 $4,614 400 Purchased Property 500 Other Purchased $114,529 $126,714 $126,133 600 Supplies 700 Property 800 Other Objects Total $272,068 $283,560 $288,587
PAGE 23 3100 Operation of Non-lnstructional - Food Service 100 Salaries 200 Employees Benefits 300 Purchased Professional & Technical 400 Purchased Property 500 Other Purchased 600 Supplies $700 $2,000 $2,188 700 Property 800 Other Objects 900 Other Financing Uses Total $700 $2,000 $2,188
PAGE 24 3200 Operation of Non-lnstructional - Student Activities 100 Salaries $752,854 $786,375 $755,824 200 Employees Benefits $397,539 $455,367 $489,822 300 Purchased Professional & Technical $86,625 $87,867 $90,090 400 Purchased Property $3,750 $3,750 $3,750 500 Other Purchased $87,100 $87,100 $90,500 600 Supplies $103,700 $103,700 $108,850 700 Property $17,100 $17,100 $17,100 800 Other Objects $39,300 $44,300 $44,300 900 Other Financing Uses Total $1,487,968 $1,585,559 $1,600,236
PAGE 25 3300 Operation of Non-lnstructional Community 100 Salaries $74,216 $74,782 $75,472 200 Employees Benefits $39,189 $43,304 $48,910 300 Purchased Professional & Technical 400 Purchased Property 500 Other Purchased 600 Supplies 700 Property 800 Other Objects 900 Other Financing Uses Total $113,405 $118,086 $124,382
PAGE 26 4400 Facilities Acquisition, Construction/lmprovement Architecture, Engineering 100 Salaries 200 Employees Benefits 300 Purchased Professional & Technical $3,000 $3,000 $3,000 400 Purchased Property 500 Other Purchased 700 Property Total $3,000 $3,000 $3,000
PAGE 27 4500 Building Acquisition - Original and Additional 700 Property Total
PAGE 28 5100 Other Financing Uses - Debt Service 800 Other Objects (Interest Payments) 900 Other Financial Uses (Principal Payments) $1,271,860 $1,263,205 $1,517,298 $3,505,000 $3,645,000 $3,665,000 Total $4,776,860 $4,908,205 $5,182,298
PAGE 29 5200 Other Financing Uses - Fund Transfers 900 Other Financing Uses $821,017 $825,400 $823,500 Total $821,017 $825,400 $823,500
PAGE 30 5900 ary Reserve 800 Other Objects Total Total Estimated Expenditures $92,779,158 $96,052,503 $100,046,826