2020-2021 Preliminary Budget Meeting of the Abington School - - PowerPoint PPT Presentation

2020 2021 preliminary budget
SMART_READER_LITE
LIVE PREVIEW

2020-2021 Preliminary Budget Meeting of the Abington School - - PowerPoint PPT Presentation

2020-2021 Preliminary Budget Meeting of the Abington School District Board of Directors January 21, 2020 Abington School District 2020-2021 Proposed Preliminary Budget Index 2.6%, 32.59 Mills Proposed Budget Revenue & Percent


slide-1
SLIDE 1

2020-2021 Preliminary Budget

Meeting of the Abington School District Board of Directors January 21, 2020

slide-2
SLIDE 2

Budget 2019-2020 Revenue & Expense Changes Proposed Preliminary Budget 2020-2021 Percent Change

Committed Fund Balance (Audited) 42,810,865 $ Committed Fund Balance (Estimated) 32,732,184 $ Real Estate Taxes 110,736,778 $ 2,710,241 $ 113,447,019 $ 2.45% State Property Tax Reductions (5,431,997) $ 22,509 $ (5,409,488) $

  • 0.41%

Earned Income Taxes 7,200,000 $

  • $

7,200,000 $ 0.00% Other Local Revenue 5,141,042 $ 53,000 $ 5,194,042 $ 1.03% Other Financing Sources

  • $
  • $
  • $

Sub-total Local Revenue 117,645,823 $ 2,785,750 $ 120,431,573 $ 2.37% State 30,790,655 $ 1,379,934 $ 32,170,589 $ 4.48% Property Tax Relief - Gaming Distribution 3,225,659 $

  • $

3,225,659 $ 0.00% Property Tax Relief - Sterling Act Reimbursements 2,206,338 $ (22,509) $ 2,183,829 $

  • 1.02%

Sub-total State Revenue 36,222,652 $ 1,357,425 $ 37,580,077 $ 3.75% Federal 1,753,941 $ 3,231 $ 1,757,172 $ 0.18% Sub-total Revenue 155,622,416 $ 4,146,406 $ 159,768,822 $ 2.66% Allocated Fund Balance 8,448,069 $ 3,719,159 $ 12,167,228 $ 44.02% TOTAL REVENUE & FUND BALANCE 164,070,485 $ 7,865,565 $ 171,936,050 $ 4.79% Salaries 84,730,274 $ 4,158,801 $ 88,889,075 $ 4.91% Negotiated Benefits 14,640,129 $

  • $

14,640,129 $ 0.00% Mandated Benefits 36,722,669 $ 2,197,394 $ 38,920,063 $ 5.98% Non-Salary/Non-Benefit 27,977,413 $ 1,509,370 $ 29,486,783 $ 5.39% Reserve

  • $
  • $
  • $

TOTAL EXPENSES 164,070,485 $ 7,865,565 $ 171,936,050 $ 4.79% Interfund Transfers Out to Capital Projects Fund 1,630,612 $ 1,630,612 $ 0.00% TOTAL OPERATING EXPENSES AND TRANSFERS 165,701,097 $ 173,566,662 $ Estimated Committed Fund Balance for anticipated benefits for employees and capital projects. 32,732,184 $ 18,934,344 $

1/21/2020, 12/10/2019

Abington School District 2020-2021 Proposed Preliminary Budget Index 2.6%, 32.59 Mills

FUND BALANCE REVENUE Local EXPENSES

  • 2-
slide-3
SLIDE 3

School Year Prior Year Actual Rates Estimated District Contribution Total Expense Percent Increase 2012-2013 12.36% $4,649,410 $9,298,820 2013-2014 16.93% $6,370,880 $12,741,760

37.0%

2014-2015 21.40% $8,269,715 $16,539,430

26.4%

2015-2016 25.84% $10,178,430 $20,356,860

20.7%

2016-2017 30.03% $12,071,347 $24,142,694

16.2%

2017-2018 32.57% $13,232,716 $26,465,432

8.5%

2018-2019 33.43% $13,817,235 $27,634,470

2.6%

2019-2020 34.29% $14,527,006 $29,054,012

2.6%

School Year Estimated Rates Prior Year December 2019 Estimated Rates Estimated District Contribution Total Expense Percent Increase 2020-2021 34.77% 34.51% $15,273,386 $30,546,772

0.6%

2021-2022 35.19% 34.95% $15,963,698 $31,927,396

1.3%

2022-2023 35.84% 35.62% $16,665,030 $33,330,060

1.9%

2023-2024 36.30% 36.12% $17,300,896 $34,601,792

1.4%

2024-2025 36.50% 36.60% $17,773,418 $35,546,836

1.3%

Total Estimated Five-year Impact $165,952,856

1/21/2020

PSERS Estimated Employer Contributions & Expense Abington School District 2020-2021 Preliminary Budget Index 2.6%

  • 3-
slide-4
SLIDE 4

Dollar Estimates for 2020-2021 Mills Percent

Special Education Expenditures and Equivalent Number of Mills 903,292 $ 0.27 Retirement Contributions and Equivalent Number of Mills 368,678 $ 0.11 Total Allowable Amount of Referendum Exceptions and Mills 1,271,970 $ 0.38 Dollar Value of a Mill 3,315,051 $ 2020-2021 Millage Rate with Increase at Index 32.59 Percentage Increase over 2019-2020 Millage Rate 2.60% 2020-2021 Millage Rate at 2.6% Index & Referendum Exception 32.97 Percentage Increase over 2019-2020 Millage Rate 3.78% IMPACT OF INDEX MILLAGE RATE INCREASE ON AVERAGE ASSESSMENT OF $141,130 115.73 $ ADDITIONAL IMPACT OF REFERENDUM EXCEPTION MILLAGE RATE INCREASE ON AVERAGE ASSESSMENT OF $141,130 53.63 $ COMBINED IMPACT 169.36 $

1/21/2020

Abington School District 2020-2021 Preliminary Budget Referendum Exceptions

REFERENDUM EXCEPTIONS - Pennsylvania Department of Education (PDE) PDE Allowable Referendum Expenditures Proposed Millage Rates, Percent Increase, and Impact on Average Owner Assessment

  • 4-
slide-5
SLIDE 5

Proposed Preliminary Budget 2020-2021 Revenue & Expense Changes Preliminary Budget 2020-2021

Committed Fund Balance (Audited) Committed Fund Balance (Estimated) 32,732,184 $ 32,732,184 $ Real Estate Taxes 113,447,019 $ 1,321,146 $ 114,768,165 $ State Property Tax Reductions (5,409,488) $

  • $

(5,409,488) $ Earned Income Taxes 7,200,000 $

  • $

7,200,000 $ Other Local Revenue 5,194,042 $

  • $

5,194,042 $ Other Financing Sources

  • $
  • $
  • $

Sub-total Local Revenue 120,431,573 $ 1,321,146 $ 121,752,719 $ State 32,170,589 $ (194,261) $ 31,976,328 $ Property Tax Relief - Gaming Distribution 3,225,659 $

  • $

3,225,659 $ Property Tax Relief - Sterling Act Reimbursements 2,183,829 $

  • $

2,183,829 $ Sub-total State Revenue 37,580,077 $ (194,261) $ 37,385,816 $ Federal 1,757,172 $

  • $

1,757,172 $ Sub-total Revenue 159,768,822 $ 1,126,885 $ 160,895,707 $ Allocated Fund Balance 12,167,228 $ (1,888,769) $ 10,278,459 $ TOTAL REVENUE & FUND BALANCE 171,936,050 $ (761,884) $ 171,174,166 $ Salaries 88,889,075 $ (373,363) $ 88,515,712 $ Negotiated Benefits 14,640,129 $

  • $

14,640,129 $ Mandated Benefits 38,920,063 $ (388,521) $ 38,531,542 $ Non-Salary/Non-Benefit 29,486,783 $

  • $

29,486,783 $ Reserve

  • $
  • $
  • $

TOTAL EXPENSES 171,936,050 $ (761,884) $ 171,174,166 $ Interfund Transfers Out to Capital Projects Fund 1,630,612 $ 1,630,612 $ TOTAL OPERATING EXPENSES AND TRANSFERS 173,566,662 $ 172,804,778 $ Estimated Committed Fund Balance for anticipated benefits for employees and capital projects. 18,934,344 $ 20,823,113 $

1/21/2020

Abington School District 2020-2021 Preliminary Budget Index 2.6%, 32.59 Mills Plus .38 Mills Referendum Exceptions

FUND BALANCE Local EXPENSES

  • 5-
slide-6
SLIDE 6

Budget 2019-2020 Revenue & Expense Changes Preliminary Budget 2020-2021 Percent Change

Committed Fund Balance (Audited) 42,810,865 $ Committed Fund Balance (Estimated) 32,732,184 $ Real Estate Taxes 110,736,778 $ 4,031,387 $ 114,768,165 $ 3.64% State Property Tax Reductions (5,431,997) $ 22,509 $ (5,409,488) $

  • 0.41%

Earned Income Taxes 7,200,000 $

  • $

7,200,000 $ 0.00% Other Local Revenue 5,141,042 $ 53,000 $ 5,194,042 $ 1.03% Other Financing Sources

  • $
  • $
  • $

Sub-total Local Revenue 117,645,823 $ 4,106,896 $ 121,752,719 $ 3.49% State 30,790,655 $ 1,185,673 $ 31,976,328 $ 3.85% Property Tax Relief - Gaming Distribution 3,225,659 $

  • $

3,225,659 $ 0.00% Property Tax Relief - Sterling Act Reimbursements 2,206,338 $ (22,509) $ 2,183,829 $

  • 1.02%

Sub-total State Revenue 36,222,652 $ 1,163,164 $ 37,385,816 $ 3.21% Federal 1,753,941 $ 3,231 $ 1,757,172 $ 0.18% Sub-total Revenue 155,622,416 $ 5,273,291 $ 160,895,707 $ 3.39% Allocated Fund Balance 8,448,069 $ 1,830,390 $ 10,278,459 $ 21.67% TOTAL REVENUE & FUND BALANCE 164,070,485 $ 7,103,681 $ 171,174,166 $ 4.33% Salaries 84,730,274 $ 3,785,438 $ 88,515,712 $ 4.47% Negotiated Benefits 14,640,129 $

  • $

14,640,129 $ 0.00% Mandated Benefits 36,722,669 $ 1,808,873 $ 38,531,542 $ 4.93% Non-Salary/Non-Benefit 27,977,413 $ 1,509,370 $ 29,486,783 $ 5.39% Reserve

  • $
  • $
  • $

TOTAL EXPENSES 164,070,485 $ 7,103,681 $ 171,174,166 $ 4.33% Interfund Transfers Out to Capital Projects Fund 1,630,612 $ 1,630,612 $ 0.00% TOTAL OPERATING EXPENSES AND TRANSFERS 165,701,097 $ 172,804,778 $ Estimated Committed Fund Balance for anticipated benefits for employees and capital projects. 32,732,184 $ 20,823,113 $

  • 6-

1/21/2020

Abington School District 2020-2021 Preliminary Budget Index 2.6%, 32.97 Mills with Referendum Exceptions

FUND BALANCE REVENUE Local EXPENSES

slide-7
SLIDE 7

2019-2020 2020-2021 Difference Percent Change

Average Assessment 141,130.00 $ 141,130.00 $ Prior Year Millage Rate 31.77 32.97 Amount of Tax 4,483.70 $ 4,653.06 $ 169.36 $ Impact for Average Owner 3.78% Homestead Property Tax Relief - Sterling Act Credit (145.00) $ (143.00) $ Homestead Property Tax Relief - Gaming (212.00) $ (212.00) $ TOTAL HOMESTEAD PROPERTY TAX RELIEF (357.00) $ (355.00) $ Amount of Tax After Decrease in Mills Property Tax Relief 4,126.70 $ 4,298.06 $ 171.36 $ Impact for Average Owner 4.15%

NOTE: VALUE OF A MILL AT 97.4% COLLECTION RATE - $3,315,051

1/21/2020

Abington School District 2020-2021 Preliminary Budget Index 2.6% - 32.97 Mills Impact on Owner

IMPACT ON AMOUNT PAID BY AVERAGE OWNER IF HOMESTEAD PROPERTY TAX RELIEF INCREASE AT 2.6% INDEX PLUS EXCEPTION

  • 7-
slide-8
SLIDE 8

Budget 2019-2020 Revenue & Expense Changes Preliminary Budget 2020-2021 Percent Change

Committed Fund Balance (Audited) 42,810,865 $ Committed Fund Balance (Estimated) 32,732,184 $ Real Estate Taxes 110,736,778 $ 2,710,241 $ 113,447,019 $ 2.45% State Property Tax Reductions (5,431,997) $ 22,509 $ (5,409,488) $

  • 0.41%

Earned Income Taxes 7,200,000 $

  • $

7,200,000 $ 0.00% Other Local Revenue 5,141,042 $ 53,000 $ 5,194,042 $ 1.03% Other Financing Sources

  • $
  • $
  • $

Sub-total Local Revenue 117,645,823 $ 2,785,750 $ 120,431,573 $ 2.37% State 30,790,655 $ 1,185,673 $ 31,976,328 $ 3.85% Property Tax Relief - Gaming Distribution 3,225,659 $

  • $

3,225,659 $ 0.00% Property Tax Relief - Sterling Act Reimbursements 2,206,338 $ (22,509) $ 2,183,829 $

  • 1.02%

Sub-total State Revenue 36,222,652 $ 1,163,164 $ 37,385,816 $ 3.21% Federal 1,753,941 $ 3,231 $ 1,757,172 $ 0.18% Sub-total Revenue 155,622,416 $ 3,952,145 $ 159,574,561 $ 2.54% Allocated Fund Balance 8,448,069 $ 3,151,536 $ 11,599,605 $ 37.30% TOTAL REVENUE & FUND BALANCE 164,070,485 $ 7,103,681 $ 171,174,166 $ 4.33% Salaries 84,730,274 $ 3,785,438 $ 88,515,712 $ 4.47% Negotiated Benefits 14,640,129 $

  • $

14,640,129 $ 0.00% Mandated Benefits 36,722,669 $ 1,808,873 $ 38,531,542 $ 4.93% Non-Salary/Non-Benefit 27,977,413 $ 1,509,370 $ 29,486,783 $ 5.39% Reserve

  • $
  • $
  • $

TOTAL EXPENSES 164,070,485 $ 7,103,681 $ 171,174,166 $ 4.33% Interfund Transfers Out to Capital Projects Fund 1,630,612 $ 1,630,612 $ 0.00% TOTAL OPERATING EXPENSES AND TRANSFERS 165,701,097 $ 172,804,778 $ Estimated Committed Fund Balance for anticipated benefits for employees and capital projects. 32,732,184 $ 19,501,967 $

  • 8-

1/21/2020

Abington School District 2020-2021 Preliminary Budget Index 2.6% - 32.59 Mills Impact on Owner

FUND BALANCE REVENUE Local EXPENSES

slide-9
SLIDE 9

2019-2020 2020-2021 Difference Percent Change

Average Assessment 141,130.00 $ 141,130.00 $ Prior Year Millage Rate 31.77 32.59 Amount of Tax 4,483.70 $ 4,599.43 $ 115.73 $ Impact for Average Owner 2.58% Homestead Property Tax Relief - Sterling Act Credit (145.00) $ (143.00) $ Homestead Property Tax Relief - Gaming (212.00) $ (212.00) $ TOTAL HOMESTEAD PROPERTY TAX RELIEF (357.00) $ (355.00) $ Amount of Tax After Decrease in Mills Property Tax Relief 4,126.70 $ 4,244.43 $ 117.73 $ Impact for Average Owner 2.85%

NOTE: VALUE OF A MILL AT 97.4% COLLECTION RATE - $3,315,051

1/21/2020

Abington School District 2020-2021 Preliminary Budget Index 2.6% - 32.59 Mills Impact on Owner

IMPACT ON AMOUNT PAID BY AVERAGE OWNER IF HOMESTEAD PROPERTY TAX RELIEF INCREASE AT 2.6% INDEX PLUS EXCEPTION

  • 9-
slide-10
SLIDE 10

General Fund Budget Approval Date of Adoption of the General Fund Budget:

President of the Board - Original Signature Required Date Secretary of the Board - Original Signature Required Date Chief School Administrator - Original Signature Required Date Contact Person Telephone Extension Email Address

Christopher Lionetti (215)884-2542 Extn : lionca@abington.k12.pa.us 01/21/2020

Printed 1/13/2020 8:51:35 AM LEA Name : 123460302 Montgomery Abington SD County : AUN Number : Class : 2

PRELIMINARY GENERAL FUND BUDGET

Fiscal Year 2020-2021

  • 10 -
slide-11
SLIDE 11

ITEM AMOUNTS Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year 0810 Nonspendable Fund Balance 501,881 0820 Restricted Fund Balance 0830 Committed Fund Balance 32,732,184 0840 Assigned Fund Balance 0850 Unassigned Fund Balance Total Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year $32,732,184 Estimated Revenues And Other Financing Sources 6000 Revenue from Local Sources 121,752,719 7000 Revenue from State Sources 37,385,816 8000 Revenue from Federal Sources 1,757,172 9000 Other Financing Sources Total Estimated Revenues And Other Financing Sources $160,895,707 Total Estimated Fund Balance, Revenues, and Other Financing Sources Available for Appropriation $193,627,891 2020-2021 Preliminary General Fund Budget Estimated Revenues and Other Financing Sources: Budget Summary Page - 1 of 1 LEA : 123460302 Abington SD Printed 1/13/2020 8:51:37 AM

  • 11 -
slide-12
SLIDE 12

Amount REVENUE FROM LOCAL SOURCES 6111 Current Real Estate Taxes 109,358,677 6112 Interim Real Estate Taxes 95,000 6113 Public Utility Realty Taxes 115,000 6114 Payments in Lieu of Current Taxes - State / Local 75,000 6150 Current Act 511 Taxes - Proportional Assessments 8,600,000 6400 Delinquencies on Taxes Levied / Assessed by the LEA 1,500,000 6500 Earnings on Investments 750,000 6800 Revenues from Intermediary Sources / Pass-Through Funds 1,162,542 6910 Rentals 75,000 6940 Tuition from Patrons 20,000 6990 Refunds and Other Miscellaneous Revenue 1,500 REVENUE FROM LOCAL SOURCES $121,752,719 REVENUE FROM STATE SOURCES 7111 Basic Education Funding-Formula 7,646,255 7160 Tuition for Orphans Subsidy 200,000 7271 Special Education funds for School-Aged Pupils 3,565,961 7311 Pupil Transportation Subsidy 755,000 7312 Nonpublic and Charter School Pupil Transportation Subsidy 445,000 7320 Rental and Sinking Fund Payments / Building Reimbursement Subsidy 525,000 7330 Health Services (Medical, Dental, Nurse, Act 25) 180,000 7340 State Property Tax Reduction Allocation 5,409,488 7810 State Share of Social Security and Medicare Taxes 3,385,726 7820 State Share of Retirement Contributions 15,273,386 REVENUE FROM STATE SOURCES $37,385,816 REVENUE FROM FEDERAL SOURCES 8513 IDEA, Section 619 5,000 8514 NCLB, Title I - Improving the Academic Achievement of the Disadvantaged 695,421 8515 NCLB, Title II - Preparing, Training and Recruiting High Quality Teachers and Principals 164,394 8516 NCLB, Title III - Language Instruction for Limited English Proficient and Immigrant Students 39,419 8517 NCLB, Title IV - 21St Century Schools 52,938 8810 School-Based Access Medicaid Reimbursement Program (SBAP) Reimbursements (Access) 800,000 REVENUE FROM FEDERAL SOURCES $1,757,172 TOTAL ESTIMATED REVENUES AND OTHER SOURCES 160,895,707 2020-2021 Preliminary General Fund Budget Estimated Revenues and Other Financing Sources: Detail Page - 1 of 1 LEA : 123460302 Abington SD Printed 1/13/2020 8:51:38 AM

  • 12 -
slide-13
SLIDE 13

CODE 6111 Current Real Estate Taxes Amount of Tax Relief for Homestead Exclusions Tax Levy Minus Homestead Exclusions Net Tax Revenue Generated By Mills County Name Taxable Assessed Value Real Estate Mills Tax Levy Generated by Mills Percent Collected Montgomery 3,569,984,179 32.9700 117,702,378 97.38700% Totals: 3,569,984,179 117,702,378

  • 5,409,488

= 112,292,890 X 97.38700% = 109,358,677 Rate Estimated Revenue 6120 Current Per Capita Taxes, Section 679 $0.00 6140 Current Act 511 Taxes Flat Rate Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue 6141 Current Act 511 Per Capita Taxes $0.00 $0.00 6142 Current Act 511 Occupation Taxes Flat Rate $0.00 $0.00 6143 Current Act 511 Local Services Taxes $0.00 $0.00 6144 Current Act 511 Trailer Taxes $0.00 $0.00 6145 Current Act 511 Business Privilege Taxes Flat Rate $0.00 $0.00 6146 Current Act 511 Mechanical Device Taxes Flat Rate $0.00 $0.00 6149 Current Act 511 Taxes, Other Flat Rate Assessments $0.00 $0.00 Total Current Act 511 Taxes Flat Rate Assessments 6150 Current Act 511 Taxes Proportional Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue 6151 Current Act 511 Earned Income Taxes 0.500% 0.000% 7,200,000 7,200,000 6152 Current Act 511 Occupation Taxes 0.000 0.000 6153 Current Act 511 Real Estate Transfer Taxes 0.500% 0.000% 1,400,000 1,400,000 6154 Current Act 511 Amusement Taxes 0.000% 0.000% 6155 Current Act 511 Business Privilege Taxes 0.000 0.000 6156 Current Act 511 Mechanical Device Taxes Percentage 0.000% 0.000% 6157 Current Act 511 Mercantile Taxes 0.000 0.000 6159 Current Act 511 Taxes, Other Proportional Assessments Total Current Act 511 Taxes Proportional Assessments 8,600,000 8,600,000

Total Act 511, Current Taxes 8,600,000 Act 511 Tax Limit --> 5,725,379,415 X 12 68,704,553 Market Value Mills (511 Limit)

2020-2021 Preliminary General Fund Budget Local Education Agency Tax Data Page - 1 of 1 LEA : 123460302 Abington SD Printed 1/13/2020 8:51:40 AM REAL ESTATE, PER CAPITA (SEC. 679), EIT/PIT (ACT 1), LOCAL ENABLING (ACT 511)

  • 13 -
slide-14
SLIDE 14

Description Amount 1000 Instruction 1100 Regular Programs - Elementary / Secondary 77,752,865 1200 Special Programs - Elementary / Secondary 22,894,420 1300 Vocational Education 1,627,745 1400 Other Instructional Programs - Elementary / Secondary 265,890 Total Instruction $102,540,920 2000 Support Services 2100 Support Services - Students 7,017,397 2200 Support Services - Instructional Staff 6,241,625 2300 Support Services - Administration 9,842,730 2400 Support Services - Pupil Health 2,550,459 2500 Support Services - Business 2,568,968 2600 Operation and Maintenance of Plant Services 15,843,596 2700 Student Transportation Services 8,769,075 2800 Support Services - Central 4,481,393 2900 Other Support Services 105,629 Total Support Services $57,420,872 3000 Operation of Non-Instructional Services 3200 Student Activities 1,720,487 3300 Community Services 393,062 Total Operation of Non-Instructional Services $2,113,549 4000 Facilities Acquisition, Construction and Improvement Services 4000 Facilities Acquisition, Construction and Improvement Services 679,825 Total Facilities Acquisition, Construction and Improvement Services $679,825 5000 Other Expenditures and Financing Uses 5100 Debt Service / Other Expenditures and Financing Uses 8,321,000 5200 Interfund Transfers - Out 1,728,612 Total Other Expenditures and Financing Uses $10,049,612 Total Estimated Expenditures and Other Financing Uses $172,804,778 2020-2021 Preliminary General Fund Budget Estimated Expenditures and Other Financing Uses: Budget Summary Page - 1 of 1 LEA : 123460302 Abington SD Printed 1/13/2020 8:51:42 AM

  • 14 -
slide-15
SLIDE 15

Account Description Amounts 0810 Nonspendable Fund Balance 501,881 0820 Restricted Fund Balance 0830 Committed Fund Balance 20,823,113 0840 Assigned Fund Balance 0850 Unassigned Fund Balance Total Ending Fund Balance - Committed, Assigned, and Unassigned $20,823,113 5900 Budgetary Reserve Total Estimated Ending Committed, Assigned, and Unassigned Fund Balance and Budgetary Reserve $21,324,994 2020-2021 Preliminary General Fund Budget Fund Balance Summary (FBS) Page - 1 of 1 LEA : 123460302 Abington SD Printed 1/13/2020 8:51:46 AM

  • 15 -
slide-16
SLIDE 16

Budget Topics Action

Adopt 2020-2021 Proposed Final Budget (PDE 2028) to be available for inspection no less than 20 days prior to adoption Board Resolution Intent to adopt Final Budget (PDE 2028) 10-day public notice for 6-9-2020 Board Resolution Authority to advertise notice that Board will adopt Final Budget on 6-9-2020 Board Resolution

Budget Topics Action

Budget Update - Impact of Governor's Proposed 2020- 2021 Budget None

1/21/2020

Abington School District 2020-2021 Preliminary Budget April 21, 2020

BUDGET PROCESS AND SCHEDULE

  • 16 -

February 25, 2020