DRAFT May 30, 2017 Boyertown Area School District Board of - - PowerPoint PPT Presentation

2017-2018 BUDGET PRESENTATION

May 30, 2017 Boyertown Area School District Board of Education

DRAFT

2016 Berks County Schools Real Estate Tax Rate

ANTIETAM 37.79

• B. HEIGHTS

32.30 EXETER 32.21 FLEETWOOD 31.81 WYOMISSING 30.07 KUTZTOWN 29.95 DANIEL BOONE 29.70 MUHLENBERG 28.56 TULPEHOCKEN 27.70

• C. WEISER

27.14

• GOV. MIFFLIN

27.10

• SCH. VALLEY

27.07 TWIN VALLEY 26.77 HAMBURG 26.71 OLEY VALLEY 26.33 WILSON 24.95 BOYERTOWN 24.27 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%

DRAFT

2016 Montgomery County Schools Real Estate Tax Rate

CHELTENHAM 45.09 POTTSTOWN 39.25 JENKINTOWN 38.98 POTTSGROVE 37.72 NORRISTOWN 34.39 LWR MORELAND 33.32 UPPER DUBLIN 32.29 SPRINGFIELD 31.66 PERK VALLEY 31.60 ABINGTON 30.83 UPR MORELAND 29.40 SOUDERTON 28.78 METHACTON 28.74 HATBORO-HORS 27.49 LOWER MERION 27.40 SPRING FORD 26.24

BOYERTOWN 24.27

NORTH PENN 24.19 UPPER PERK 23.64 COLONIAL 20.96 UPPER MERION 18.96 WISSAHICKON 18.79

DRAFT

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% 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

DRAFT

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 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

DRAFT

Personnel Wages & Benefits

Personnel Re-Allocation of Teaching Professionals from Regular Ed to Special Ed Several Positions in Administrative, Professional, Classified categories 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%

DRAFT

Expenditure and Program Highlights

Technology Final Phase of BASH 1:1 Computer Initiative Funded Building Needs 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

DRAFT

Revenue Highlights

State Revenue Assume Governor’s Budget will be adopted as proposed with $100 million added to BEF Local Revenue 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

DRAFT

Fund Balance Usage

Proposed Use of $1.384 million in Committed Fund Balance for PSERS included in budget Internal Service Fund Balance Reduction Plan - Premium Holiday Saves $350,000 in Health Insurance Expense

DRAFT

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 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

DRAFT

Future Meetings

June 13, 2017 School Board Meeting – Education Center – 6:30 pm

• (Adoption of Final Budget)

DRAFT

Questions & Discussion

DRAFT