AT A GLANCE INCREASE/(DECREASE) BUDGET BUDGET GENERAL FUND 2015-16 2016-17 DOLLAR PERCENT REVENUES 15,651,700 16,641,895 990,195 6.3% EXPENSES 16,389,142 17,297,065 907,923 5.5% FUND BALANCE NEEDED (737,442) (655,170) 2016-17 Proposed Final General Fund Budget 2
WORTH NOTING REVENUES - 4 Mill Real Estate Tax Increase 2 designated to Capital Projects - Autistic Support classroom - PSERS Subsidy EXPENDITURES - Staffing Increases (2 Teachers/2 Aides) - 30.03% Retirement Rate - Increased MCCC/Charter School Tuition - Capital Reserve Transfer – HS Gym Roof Replacement 3 2016-17 Proposed Final General Fund Budget
STAFFING Category Full-time Part-time Administrative/Supervisory 8 Teaching (SAEA Members) 83 Confidential 4 Secretarial 4 Custodial/Cleaning 13 Instructional Aides/Nurse Technician 16 1 Cafeteria 0 21 Total 128 22 4 2016-17 Proposed Final General Fund Budget
ENROLLMENT SCHOOL YEAR 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Grade K 87 86 116 77 87 84 86 73 77 85 1 97 94 88 115 82 93 90 89 80 82 2 110 105 92 94 115 83 94 89 83 82 3 105 106 102 93 96 119 82 98 95 87 4 104 103 104 108 98 94 122 87 94 91 5 106 106 106 109 108 104 99 124 92 98 UG 11 12 11 6 609 600 619 608 597 583 573 560 521 525 Total E.S. 6 98 107 110 111 106 105 100 96 120 91 7 100 95 113 109 109 105 107 105 97 120 8 105 101 95 114 106 112 106 109 97 98 303 303 318 334 321 322 313 310 314 309 Total M.S. 9 111 104 102 98 111 114 109 113 115 99 10 101 105 100 102 101 110 113 111 105 108 11 104 98 99 98 96 97 106 112 107 102 12 111 98 96 96 100 95 95 110 108 108 427 405 397 394 408 416 423 446 435 417 Total H. S. Total 1339 1308 1334 1336 1326 1321 1309 1316 1270 1251 5 2016-17 Proposed Final General Fund Budget
TRENDS 2016-17 Proposed Final General Fund Budget 6
TRENDS – REVENUES/EXPENSES 16,500,000 16,000,000 15,500,000 15,000,000 14,500,000 14,000,000 13,500,000 Revenues Expenditures 2016-17 Proposed Final General Fund Budget 7
TRENDS – FUND BALANCE 2,500,000 2,000,000 13.8% 1,500,000 8.3% 1,000,000 1,328,761 500,000 - Fund Balance 8 2016-17 Proposed Final General Fund Budget
FUND BALANCE • Fund Balance = Assets - Liabilities • Necessary to maintain adequate resources to cope with contingencies • GFOA recommends, at a minimum, that general- purpose governments, regardless of size, maintain unrestricted fund balance in their general fund of no less than two months of regular general fund operating revenues or operating expenditures • Current Policy = Not less than 5% or more than 12% of Expenditures 2016-17 Proposed Final General Fund Budget 9
REVENUES 2016-17 Proposed Final General Fund Budget 10
REVENUES - LOCAL 2014-2015 2015-16 2015-16 2016-17 BUDGET TO BUDGET COMPARISON LOCAL REVENUES ACTUAL BUDGET ESTIMATED BUDGET $ VARIANCE % VARIANCE TOTAL $5,179,547 $5,154,307 $5,378,900 $5,802,307 $648,000 12.6% REAL ESTATE 4,012,538 4,011,901 4,032,598 4,268,456 256,555 6% PER CAPITA/OCCUPATION 64,695 64,695 73,946 64,695 0 0% EARNED INCOME 689,839 692,835 699,891 710,390 17,555 3% REALTY TRANSFER 54,003 47,534 89,273 53,997 6,463 14% DELINQUENT 221,945 221,500 226,077 221,500 0 0% RENTAL INCOME 200 0 200 0 0 - % TUITION/FAIRSHARE 59,300 58,342 196,824 431,558 373,216 640% INTEREST INCOME 4,199 5,750 3,415 4,000 (1,750) -30% OTHER LOCAL REVENUES 72,827 51,750 56,675 47,711 (4,039) -8% 11 2016-17 Proposed Final General Fund Budget
MILLAGE 76 74 72 70 68 66 64 62 60 12 2016-17 Proposed Final General Fund Budget
COST PER MILL AVG PMT PER AVG COST PER MUNICIPALITY TAXABLE UNIT PROPERTY MILL DISTRICT 3,610 $1,264 $16.91 CLARK BOROUGH 290 $ 1,541 $ 20.62 SOUTH PYMATUNING TWP 1,447 $ 1,385 $ 18.53 SHARPSVILLE BOROUGH 1,873 $ 1,127 $ 15.08 HOMESTEADS/FARMSTEADS 2,195 $ 1,247 $ 16.68 13 2016-17 Proposed Final General Fund Budget
TAX EXEMPTIONS • HOMESTEAD/FARMSTEAD EXEMPTION • $200 PER HOMESTEAD/FARMSTEAD • PRIMARY RESIDENCE • APPLICATION ON FILE BY MARCH 1 ST • PROPERTY TAX/RENT REBATE • AGE 65, WIDOW(ER) > AGE 50, OR DISABLED • MAXIMUM INCOME $35,000 HOMEOWNERS/$15,000 RENTERS • ½ SOCIAL SECURITY INCOME EXCLUDED • MAXIMUM TAX OR RENT REBATE $650 2016-17 Proposed Final General Fund Budget 14
REVENUES – STATE 2014-2015 2015-16 2015-16 2016-17 BUDGET TO BUDGET COMPARISON STATE REVENUES ACTUAL BUDGET ESTIMATED BUDGET $ VARIANCE % VARIANCE TOTAL $9,426,618 $10,070,514 $9,913,247 $10,370,146 $299,632 3.0% BASIC SUBSIDY 6,023,283 6,465,617 6,130,418 6,235,151 (230,466) -3.6% PROPERTY TAX REDUCTION 450,865 450,350 450,350 450,350 0 0.0% SPECIAL EDUCATION 683,154 750,087 702,264 744,540 (5,547) -0.7% TRANSPORTATION 351,851 345,570 359,972 367,171 21,601 6.3% BOND REIMB. SUBSIDY 364,073 347,679 347,679 346,423 (1,256) -0.4% BLOCK GRANT/EAP 185,041 0 239,259 239,259 239,259 - % SOCIAL SEC SUBSIDY 337,509 379,812 370,836 391,239 11,427 3.0% RETIREMENT SUBSIDY 993,550 1,271,191 1,252,601 1,535,805 264,614 20.8% OTHER STATE REVENUE 37,292 60,208 59,868 60,208 0 0.0% 15 2016-17 Proposed Final General Fund Budget
REVENUES – FEDERAL 2014-2015 2015-16 2015-16 2016-17 BUDGET TO BUDGET COMPARISON FEDERAL REVENUES ACTUAL BUDGET ESTIMATED BUDGET $ VARIANCE % VARIANCE TOTAL $402,744 $426,879 $455,672 $469,442 $42,563 10.0% PASS-THROUGH FUNDS 370,776 398,379 424,594 435,942 37,563 9.4% MEDICAL ACCESS/RMTS 31,968 28,500 31,078 33,500 5,000 17.5% ARRA/EDU-JOBS 0 0 0 0 0 - % OTHER 0 0 0 0 0 - % 2016-17 Proposed Final General Fund Budget 16
REVENUES – TOTAL 2.8% 34.9% LOCAL STATE FEDERAL 62.3% 17 2016-17 Proposed Final General Fund Budget
EXPENDITURES 18 2016-17 Proposed Final General Fund Budget
EXPENDITURES – BY OBJECT 2014-2015 2015-16 2015-16 2016-17 BUDGET TO BUDGET COMPARISON EXPENDITURES ACTUAL BUDGET ESTIMATED BUDGET $ VARIANCE % VARIANCE TOTAL $17,922,941 $16,389,142 $15,943,972 $17,297,065 $907,923 5.5% WAGES 7,219,179 7,410,236 7,235,115 7,633,188 222,952 3.0% BENEFITS/PAYROLL COSTS 3,951,937 4,499,709 4,338,438 4,999,196 499,487 11.1% PROFESSIONAL SVCS 440,679 553,791 647,849 641,387 87,596 15.8% TECHNICAL SVCS 255,931 232,709 232,456 205,005 (27,704) -11.9% OTHER PURCHASED SVCS 1,324,685 1,451,323 1,334,504 1,576,784 125,461 8.6% UTILITIES 272,483 320,925 267,461 320,175 (750) -0.2% BOOKS/SUPPLIES 382,483 405,393 352,790 407,420 2,027 0.5% EQUIPMENT 197,655 220,077 241,736 79,050 (141,027) -64.1% OTHER-FEES/INTEREST PMT 119,589 74,247 72,893 76,278 2,031 2.7% OTHER USES OF FUNDS 3,758,322 1,220,732 1,220,731 1,358,582 137,850 11.3% 19 2016-17 Proposed Final General Fund Budget
EXPENDITURES – DISTRIBUTION OTHER PURCHASED BOOKS/SUPPLIES SVCS 2.4% 9.1% UTILITIES OTHER- 1.9% EQUIPMENT TECHNICAL SVCS FEES/INTEREST PMT 0.5% 1.2% 0.4% PROFESSIONAL OTHER USES OF SVCS FUNDS 3.7% 7.9% WAGES 44.1% BENEFITS/PAYROLL COSTS 28.9% 20 2016-17 Proposed Final General Fund Budget
DEBT 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2027-28 2024-25 2025-26 2026-27 2027-28 2028-29 MCCC DEBT 2015 LOAN 2013 BOND ISSUE 21 2016-17 Proposed Final General Fund Budget
CAPITAL RESERVE 2013-14 2014-15 2015-16 2016-17 CAPITAL RESERVE SUMMARY ACTUAL ACTUAL ESTIMATED BUDGET BEGINNING FUND BALANCE $390,587 $512,109 $759,923 $1,357 R INVESTMENT INCOME 1,058 962 480 25 E TRANSFERS IN 400,000 - 50,000 127,000 V SALE OF FIXED ASSETS - - - - E N LOAN/REFINANCING PROCEEDS - 768,790 - - U DONATIONS - - - - E INSURANCE PROCEEDS - - - - S TOTAL $ 401,058 $ 769,752 $ 50,480 $ 127,025 CONTRACTED SVCS-McC RUN - - - - E CONTRACTED SVCS-CAP IMP 126,295 - 120,628 126,628 X P E BUILDING IMPROVEMENT-ADMIN - 413,163 671,488 - N S E SITE IMPROVEMENT-URBAN PARK 29,146 84,834 16,930 - S OTHER - EQUIPMENT/REPAIRS 124,095 23,941 - - TOTAL $ 279,536 $ 521,938 $ 809,046 $ 126,628 ENDING FUND BALANCE $512,109 $759,923 $1,357 $1,754 2016-17 Proposed Final General Fund Budget 22
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