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 (Non – instructional) $ 4,704,903 8% Total Expenditures $62,643,122 100%

2015 - 2016 EXPENDITURE BUDGET $62,643,122

62% 25% 5% 8%

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

Assessments Increase in Mills Increase in RE Tax $ 70,000 .5015 $ 35 $ 75,000 .5015 $ 38 $ 80,000 .5015 $ 40 $ 85,000 .5015 $ 43 $ 90,000 .5015 $ 45 $ 95,000 .5015 $ 48 $100,000 .5015 $ 50 $125,000 .5015 $ 63 $150,000 .5015 $ 75 $175,000 .5015 $ 88 $200,000 .5015 $100

How does this effect an Interboro Household?

• 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 11th grade

students)

• Administration of the PSAT (10th grade and 11th 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

• 1st 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 9th 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!