FINAL BUDGET PRESENTATION INTERBORO SCHOOL DISTRICT 2015 - 2016 - PowerPoint PPT Presentation

FINAL BUDGET PRESENTATION INTERBORO SCHOOL DISTRICT 2015 - 2016 Bernadette C. Reiley, Superintendent Martin L. Heiskell, Director of Finance The Mission of the Interboro School District is to provide a challenging and supportive learning environment for all students to succeed academically, socially, and emotionally while becoming college and career ready citizens within a global community. BCR 6.17.15 (2015.9)

WHAT MAKES UP OUR BUDGET? How do we fund our schools and operations? Anticipated 2015 - 2016 Revenues: Local $39,336,166 65% State $19,877,552 33% Federal $ 1,233,024 2% Total Revenue $60,446,742 100%

ANTICIPATED EXPENDITURES 2015-2016 Instructional $38,805,519 62% Support Services $16,097,251 25% Debt Service $ 3,035,449 5% Operations $ 4,704,903 8% (Non – instructional) Total Expenditures $62,643,122 100%

2015 - 2016 EXPENDITURE BUDGET $62,643,122 8% 5% 25% 62% Instructional Support Services Debt Service Operations

MAJOR BUDGETED REVENUE SOURCES Budget Revenues 2013-2014 2014-2015 2015-2016 Increase (Decrease)* Local Revenue Real Estate Taxes – $33,641,641 $34,590,964 $35,460,737 $869,773 Current Real Estate Taxes – $ 1,706,500 $ 1,576,600 $ 1,484,300 ($ 92,300) Delinquent Parking Lot Tax $ 530,650 $ 503,119 $ 519,050 $ 15,931 State Revenue Basic Education $ 8,221,960 $ 8,249,356 $ 8,683,601 $434,245 Subsidy Rental & Sinking Fund $ 633,828 $ 476,235 $ 446,062 ($ 30,173) Subsidy Special Education $ 1,941,662 $ 1,952,170 $ 2,010,570 $ 58,400 Subsidy Federal Revenue Title I Program $ 398,188 $451,542 $ 429,848 ($ 21,694) Keystones to $ 639,937 $604,484 $ 631,086 $ 26,602 Opportunity Grant Title II $ 113,581 $ 113,581 $ 113,521 ($ 60)

REDUCTION/INCREASE IN MAJOR EXPENDITURES Reduction in Expenditures: • Leasing v. purchasing of school buses $364,300 • Projected energy savings from Norwood, Tinicum, Prospect Park and district-wide energy conservation (Year 2) $177,160 • Reduction in outside contracted services (Special Education/ Pupil Services) $440,699 • Debt Service Savings – Refinancing of certain bonds $100,000 Increases in Expenditures: • Health Benefits (9.57% effective rate increase for the district) $400,653 • PSERS – Retirement (employer contribution is 25.84%) net of projected state subsidy $667,098 • Student laptops (Year 1 of 5) $ 86,220 • Debt Service – New capital projects $298,448

NET IMPACT 1.5 % TAX INCREASE $552,612

How does this effect an Interboro Household? Assessments Increase in Mills Increase in RE Tax $ 70,000 .5015 $ 35 .5015 $ 75,000 $ 38 $ 80,000 .5015 $ 40 $ 85,000 .5015 $ 43 .5015 $ 90,000 $ 45 $ 95,000 .5015 $ 48 $100,000 .5015 $ 50 .5015 $125,000 $ 63 $150,000 .5015 $ 75 .5015 $175,000 $ 88 .5015 $200,000 $100

• Extensive curriculum writing: Elementary and Middle School Social Studies, Health, and Science K-12 Counseling Middle School Math Elementary English and Language Arts K-12 Music • New Next Generation and PA Standards Aligned Middle School Science Program • New Common Core Aligned ELA Program for Grades K – 3 Administration of the ACT at the High School (interested 11 th grade • students) Administration of the PSAT (10 th grade and 11 th grade) • • Expansion of iPad apps and software at the Kindergarten Academy

• District-wide: Concrete work • District - wide: Secure Entrances Project • High School: Exterior Signage • Norwood School: Drainage repair work • Prospect Park School: Complete Infrastructure upgrade and replacement • Prospect Park/ Kindergarten Academy: Site Development Project Airport settlement 1x payment of $500,000 is designated for the Tinicum School for capital improvements.

• 450 HP Laptops for student use across the district • 1 st Annual Tech U for professional staff members and multiple technology trainings throughout the summer • Additional wireless access points in each building • Document Imaging for district records retention

Total Funding to Interboro School District: $ 2,618,769.00 Keystones to Opportunity Grant Year Four - $631,086.00 Ready to Learn Grant - $428,602.00 • Addition of a District Data & Assessment Coordinator/ Elementary Math Coach • New Common Core Aligned ELA program for Grades K – 3 • New Common Core Aligned Middle School Social Studies Program • 3 Additional Chrome Book Carts for Community Schools and High School • 6-year subscription to ELA student consumables for grades 4 – 8 New Common Core Aligned ELA Program for 9 th Grade •

• Special Education Teacher – Kindergarten Academy • Special Education Teacher – Prospect Park • .5 Full – time Social Worker - Glenolden School • District – Wide Residency Officer – Full Time

If you have additional questions, please do not hesitate to contact Mr. Martin Heiskell or Mrs. Bernadette Reiley Have a safe and enjoyable summer!