DUQUESNE CITY SD 2020-2021 Preliminary Budget Presented May 12, - - PowerPoint PPT Presentation

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Jan 07, 2024 234 likes •377 views

DUQUESNE CITY SD 2020-2021 Preliminary Budget Presented May 12, 2020 Budget Summary Revenues $ 18,862,679 -0.3% YoY Expenditures 21,357,956 +4.3% YoY Deficit $ (2,495,278) Revenue Highlights Statewide Revenue History Duquesne

SLIDE 1

DUQUESNE CITY SD

2020-2021 Preliminary Budget Presented May 12, 2020

SLIDE 2

Budget Summary

Revenues $ 18,862,679 Expenditures 21,357,956 Deficit $ (2,495,278)

0.3% YoY

+4.3% YoY

SLIDE 3

Revenue Highlights

SLIDE 4

Statewide Revenue History

SLIDE 5

Duquesne Revenue History

*Highest local revenue *

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Revenue Highlights – COVID impact

Reduction in Local $200,000 - $250,000
EIT
Delinquent collections
No increase in State funding; in fact, cuts are likely
$3.5 – 3.7 billion revenue shortfall projected
Increase in Federal support
Coronavirus Aid, Relief, and Economic Security Act (CARES)
Awaiting additional clarity on allowable uses

SLIDE 7

Expenditure Highlights

Tuition paid to WM/EA, Charter Schools, Intermediate Units,

and other public school districts is now >$9.5mm

65% of total instructional expenses (same % YoY)
45% of total budget (+2% YoY)
Second year of debt service balloon payments
8% of total budget
Third and final balloon payment in 21-22 SY
PSERS and Healthcare costs continue to rise

SLIDE 8

Expenditure Highlights

Charter school cost increases are partially mitigated by bringing

some students back to Duquesne

Charter enrollment is similar to previous years
March 2017: 207
March 2018: 212
March 2019: 210
March 2020: 201
Charter enrollment as a % of K-6 building enrollment is improving
March 2017: (207 vs. 335) – 0.62:1
March 2018: (212 vs. 373) – 0.57:1
March 2019: (210 vs. 390) – 0.54:1
March 2020: (201 vs. 417) – 0.48:1

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Expenditure Highlights

Debt service future outlook

Fiscal Year Debt Service 2018-19 883,639 2019-20 1,610,764 2020-21 1,608,776 2021-22 1,610,651 2022-23 742,726 2023-24 77,726 2024-25 77,726 2025-26 77,726

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Expenditure Highlights

Comparative costs vs. peer districts (Allegheny Valley, Clairton,

Cornell, Riverview, and Wilkinsburg)

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Fund Balance

Fund Balance as of June 30, 2019 $ 4,436,139 Projected Net Change In Fund Balance 2019-2020 (1,924,325) Projected General Fund Balance as of June 30, 2020 2,511,814 Total Estimated Revenues 2020-2021 18,862,679 Total Estimated Expenditures 2020-2021 21,357,956 Projected Net Change In Fund Balance 2020-2021 (2,495,278) Projected General Fund Balance as of June 30, 2020 2,511,814 Projected Net Change In Fund Balance 2020-2021 (2,495,278) Projected General Fund Balance as of June 30, 2021 $ 16,536

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DUQUESNE CITY SD

2020-2021 Preliminary Budget Presented May 12, 2020