2017-2018 BUDGET PRESENTATION DRAFT May 30, 2017 Boyertown Area School District Board of Education
2016 Berks County Schools Real Estate Tax Rate ANTIETAM 37.79 C. WEISER 27.14 B. HEIGHTS 32.30 GOV. MIFFLIN 27.10 DRAFT EXETER 32.21 SCH. VALLEY 27.07 FLEETWOOD 31.81 TWIN VALLEY 26.77 WYOMISSING 30.07 HAMBURG 26.71 KUTZTOWN 29.95 OLEY VALLEY 26.33 DANIEL BOONE 29.70 WILSON 24.95 MUHLENBERG 28.56 BOYERTOWN 24.27 TULPEHOCKEN 27.70 READING* 17.93 * Reading SD taxpayers voted to exchange HIGHER INCOME tax FOR LOWER PROPERTY tax. Compare Reading SD EIT of 1.5% to Boyertown .5%
2016 Montgomery County Schools Real Estate Tax Rate CHELTENHAM 45.09 SOUDERTON 28.78 POTTSTOWN 39.25 METHACTON 28.74 JENKINTOWN 38.98 HATBORO-HORS 27.49 DRAFT POTTSGROVE 37.72 LOWER MERION 27.40 NORRISTOWN 34.39 SPRING FORD 26.24 LWR MORELAND 33.32 BOYERTOWN 24.27 UPPER DUBLIN 32.29 NORTH PENN 24.19 SPRINGFIELD 31.66 UPPER PERK 23.64 PERK VALLEY 31.60 COLONIAL 20.96 ABINGTON 30.83 UPPER MERION 18.96 UPR MORELAND 29.40 WISSAHICKON 18.79
Act 1 Index Index Calculation for 2017-2018: ECI Index equals 2.5% times: Aid Ratio Allow (.75 + .479 ) x 1.2229 BASD Index (from PDE) 3.1% DRAFT County Millage Index Increase Berks 24.27 3.1% .75 Mont. 24.27 3.1% .75 1 Mill = $2.3 Million times .75 = $1,725,000 The School Board adopted a resolution that the District would not increase the tax rate by more than the Act 1 Index
Budget Deficit Update February 7 April 4 May 9 June 13 Revenue $105,347,105 $105,367,201 $106,299,617 $106,299,617 Tax Increase (3.1%) $ 1,750,000 $ 1,750,000 Total Revenue $105,347,105 $105,367,201 $108,049,617 $108,055,196 DRAFT Expenditures $111,345,876 $111,017,918 $109,461,229 $109,439,014 Deficit $ (5,998,771) $ (5,650,717) $ (1,411,612) $ (1,383,818) Use of One-Time Funds PSERS $ 2,000,000 $ 2,000,000 $ 1,411,612 $ 1,383,818 Net Deficit $ (3,998,771) $ (3,650,717) $ (0) $ (0) Current Budget does include Basic Ed and Special Ed revenue increases as proposed in Governor Wolf’s budget proposal
Personnel Wages & Benefits Personnel Re-Allocation of Teaching Professionals from Regular Ed to Special Ed Several Positions in Administrative, Professional, Classified categories DRAFT reduced or eliminated Salaries Final Year of BAEA Collective Bargaining Agreement (CBA) All Non-BAEA Employees budged at 2.5% increase in wages Benefits PSERS Increase from 30.03% to 32.57% Health Insurance – 0% Increase in Premium Staff Contribution percent increase .5%
Expenditure and Program Highlights Technology Final Phase of BASH 1:1 Computer Initiative Funded Building Needs DRAFT Future Construction Savings Plan Discontinued Contracted Services Evaluated for Operations Building Budgets Reduced by 10% Supplies & Equipment Expenditures Reduced Professional and Other Purchased Services Special Education Services, Special Needs Transportation and Outside Placements Increased
Revenue Highlights State Revenue Assume Governor’s Budget will be adopted as proposed with $100 million added to BEF Local Revenue DRAFT Maximum tax increase of 3.1% (BASD Act 1 Index) Awaiting May Assessment Reports Student Activity Fees increase to $200 per secondary student for unlimited participation BASH Annual Parking Permit to $100 Increase in Facility Rental Revenue
Fund Balance Usage Proposed Use of $1.384 million in Committed Fund Balance for PSERS included in budget Internal Service Fund Balance Reduction Plan - DRAFT Premium Holiday Saves $350,000 in Health Insurance Expense
Other Funding Sources The following funding sources will be added to the General Fund budget for inclusion in the adoption of the Final Budget on June 13: Local Pottstown Health & Wellness $ 75,000 State DRAFT Ready to Learn Block Grant $ 928,175 Federal Title I $ 563,931 Title II $ 93,000 IDEA $1,152,225 ACCESS $ 475,000 Total $3,307,331 Each Funding source has equal revenues and expenditures
Future Meetings June 13, 2017 School Board Meeting – Education Center – 6:30 pm • (Adoption of Final Budget) DRAFT
DRAFT Questions & Discussion
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