Burgettstown Area School District 1 The final budget seeks - - PowerPoint PPT Presentation

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Jan 22, 2023 140 likes •308 views

Burgettstown Area School District 1 The final budget seeks $18,902,625 in revenue with $18,902,625 in expenses. This is a $661,909 1,909 decreas ase under last years budget. The budget includes a proposed deferral al/refinance of

SLIDE 1

Burgettstown Area School District

SLIDE 2

 The final budget seeks $18,902,625 in revenue with

$18,902,625 in expenses. This is a $661,909 1,909 decreas ase under last year’s budget.

 The budget includes a proposed deferral

al/refinance of the February debt service payment of approximately $1.9 million.

 The budget requires 11.36

368 mils in local taxes with $6,342,906 from an estimated state subsidy. The subsidy is estimated to increase by $48,845.

 There is

is the expectation for Ready to Learn block grant money in our revenue. (We were able to use approximately $99,000 this year toward salaries.)

SLIDE 3

 Contractual obligations for teacher salaries

increase by $322,360. Support staff salaries increase by 2.5% or $38,572.07.

 Blue Cross / Blue Shield require a 9% increase,

which is $472,324. Dental insurance will increase 7.5%

 Retirement contributions to PSERS are

increasing $334,976. This is a 2.5% increase.

 There are no staff retirements to reduce payroll

and benefits.

SLIDE 4

 Maintenance and custodial supplies budget is

reduced by $14,000, but there is a need for an upgrade to our HVAC systems software and a generator rebuild at total costs of $19,000

 Our Title I & II allocation is also expected to be

reduced by 10% for next year.

 We expect a 9% decrease in our transportation

subsidy. This amounts to $58,290.00

 We budgeted an increase in substitute pay to

$105 per day.

SLIDE 5

 We decreased administrative salaries with the

elimination of the Director of Student Activities and Athletics position and change from Assistant Principal to Dean of Students.

 We maintained our budget line for Western Area

CTC at this year’s levels despite an estimated decline in costs of $35,907. When added to our expected refund from 2016-17 costs, we will have slightly over $113,000 in funds available to support a roof project.

SLIDE 6

 Food service is considering different pricing

structures to increase participation and

sales. We will attempt to reduce the overall

financial burden of the cafeteria on the general fund.

SLIDE 7

Note: we are estimating how much revenue we will receive from the

state. There is no
fficial state budget yet.

Did you know… …a School Board member is unpaid? This is an elected position and completely

voluntary. The position requires hours of

service before during and after Board meetings? We truly appreciate our Board!

47% 52% 1%

Source ces s of Income

Local sources - $8,719,726 State Sources - $9,821,619 Federal sources - $256,945 7

SLIDE 8

Note: most of the costs in the budget are fixed by a contract

r negotiated agreement, including maintenance and

transportation costs. We have only about 5% of the budget within our discretion.

63% 6% 10% 6% 10% 5%

Expend nditur tures by C Categor gory

Intructional programs and staff - $11,858,299 Support services - $1,104,265 Maitenance of the facilities - $1,806,588 Transportation - $1,144,193 School and District Administration (including clerical staff) - $1,923,562 Other - $1,011,383 8

SLIDE 9

Source: Eidex Insights

This graph shows our spending (blue line) per pupil versus other district’s (green line) with the same enrollment and socio-economic levels as

Burgettstown. The gold color

is the State average.

While we are catching up to similar districts in our spending per student, we are still below the average.

SLIDE 10

Source: Eidex Insights

When you take out Federal Grant money, you see

ver the past few years,
ur spending has lagged

behind our neighbors in the county. 10

SLIDE 11

 Our contribution to the state pension plan is increasing $334,976. This payment has increased since 2009. The bill is now 32.57% of our

payroll. It was 4.76% in 2009.

 Tuition for students attending cyber school will cost over $600,000 next year. Out of district placements also cost an estimated $584,649.  Health insurance coverage is up 9%, which is an additional $472,324. the next four years are projected to increase between 5% and 7% annually.

SLIDE 12

A home assessed at: $100,000.00 $150,000.00 $200,000.00 pays in taxes: $1,081.90 $1,622.85 $2,163.80 with a .5 mil increase will owe an additional: $50.20 $75.30 $100.400 minus estimated relief from gambling revenue:

$192.00
$192.00
$192.00

for an overall tax burden of: $940.10 $1,506.15 $2,072.20

SLIDE 13

WASHINGTON COUNTY MILLAGE COMPARISON

DISTRICT 2017-2018 Millage 2016-2017 Millage

Avella 10.360 126.0000 California 10.409 104.5000 Burgettstown 11.368 132.0000 Bentworth 11.570 126.0000 Fort Cherry 11.752 130.5000 McGuffey 11.900 130.0000 Chartiers Houston 11.986 125.0125 Peters Township 13.200 113.4000 Ringgold 13.420 123.0000 Trinity 14.733 121.8000 Washington 15.400 135.0000 Charleroi 16.404 143.0000 Canon McMillian tbd 110.0000 Beth Center tbd 113.6400

SLIDE 14

10.36 10.409 11.368 11.57 11.752 11.9 11.986 13.2 13.42 14.733 15.4 16.404 2 4 6 8 10 12 14 16 18

2017 2017-201 2018 8 Millage ge Rates

SLIDE 15

Source: Eidex Insights

When you use a level playing field, you find our taxes are in the middle of the pack.

0.0 5.0 10.0 15.0 20.0 25.0 15

SLIDE 16

Burgettstown Area School District

 The final budget seeks $18,902,625 in revenue with

$18,902,625 in expenses. This is a $661,909 1,909 decreas ase under last year’s budget.

 The budget includes a proposed deferral

al/refinance of the February debt service payment of approximately $1.9 million.

 The budget requires 11.36

368 mils in local taxes with $6,342,906 from an estimated state subsidy. The subsidy is estimated to increase by $48,845.

 There is

is the expectation for Ready to Learn block grant money in our revenue. (We were able to use approximately $99,000 this year toward salaries.)

 Contractual obligations for teacher salaries

increase by $322,360. Support staff salaries increase by 2.5% or $38,572.07.

 Blue Cross / Blue Shield require a 9% increase,

which is $472,324. Dental insurance will increase 7.5%

 Retirement contributions to PSERS are

increasing $334,976. This is a 2.5% increase.

 There are no staff retirements to reduce payroll

and benefits.

 Maintenance and custodial supplies budget is

reduced by $14,000, but there is a need for an upgrade to our HVAC systems software and a generator rebuild at total costs of $19,000

 Our Title I & II allocation is also expected to be

reduced by 10% for next year.

 We expect a 9% decrease in our transportation

 We budgeted an increase in substitute pay to

$105 per day.

 We decreased administrative salaries with the

elimination of the Director of Student Activities and Athletics position and change from Assistant Principal to Dean of Students.

 We maintained our budget line for Western Area

CTC at this year’s levels despite an estimated decline in costs of $35,907. When added to our expected refund from 2016-17 costs, we will have slightly over $113,000 in funds available to support a roof project.

 Food service is considering different pricing

structures to increase participation and

financial burden of the cafeteria on the general fund.

Note: we are estimating how much revenue we will receive from the

Source ces s of Income

Expend nditur tures by C Categor gory

 Our contribution to the state pension plan is increasing $334,976. This payment has increased since 2009. The bill is now 32.57% of our

 Tuition for students attending cyber school will cost over $600,000 next year. Out of district placements also cost an estimated $584,649.  Health insurance coverage is up 9%, which is an additional $472,324. the next four years are projected to increase between 5% and 7% annually.

A home assessed at: $100,000.00 $150,000.00 $200,000.00 pays in taxes: $1,081.90 $1,622.85 $2,163.80 with a .5 mil increase will owe an additional: $50.20 $75.30 $100.400 minus estimated relief from gambling revenue:

for an overall tax burden of: $940.10 $1,506.15 $2,072.20

WASHINGTON COUNTY MILLAGE COMPARISON

2017 2017-201 2018 8 Millage ge Rates

 Necessary to balance the budget  Will depend on the interest rates as we

approach the loan payment.

 One option is to refinance about $17 million

in bonds and apply the savings to the budget.

 Another option is to scoop the payment and

defer over the ten years. Debt service will increase.