MISSION STATEMENT Bristol Township School District will prepare and - - PowerPoint PPT Presentation

MISSION STATEMENT

Bristol Township School District will prepare and empower our students to be productive, competitive members in an ever-changing global society

District Beliefs

 We believe all individuals can learn and achieve.  We believe understanding and respecting diversity

strengthens our educational community.

 We believe a safe and healthy learning environment

for all is essential for success.

 We believe in providing high-quality, standards-

based instruction for all students.

 We believe an effective partnership of families, staff

and community will improve opportunities for student success.

 We believe students will be empowered to become

life-long learners and effective members of society.

 We believe all successes should be acknowledged

and celebrated.

BUDGET OVERVIEW

 Preliminary State budget has nominal

increases

 Expenditures:

 Costs mandated outside the District

continue to outpace revenue growth and include:

○ PSERS Retirement Contribution Rates ○ Health Insurance Premiums ○ Special Education Costs

BUDGET OVERVIEW (cont’d)

 Revenues:

 Preliminary budget does not include a real

estate tax increase

 State revenues to increase due to:

○ Increase in PSERS and Payroll Tax

reimbursement to match 50% of what BTSD pays

○ Slight increases in Basic Education Subsidies

and Special Education Funding

○ Increase in pass-through Pre-K funding

 Federal revenues to remain flat

2018-20 2019 9 BUDGETED DGETED EX EXPEN PENDITURE DITURES S BY Y OB OBJECT ECT

$89,747,180 63% $20,900,495 15% $14,359,760 10% $10,647,446 , 7% $3,583,630 , 3% $2,340,498 , 2%

SALARIES & BENEFITS TUITIONS & PURCHASED SVCS PURCHASED INSTRUCTIONAL SERVICES DEBT SERVICE BOOKS & SUPPLIES PURCHASED PROPERTY SERVICES

HISTORICAL COST DRIVERS

Actual Actual Actual Actual Budget Budget 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 PENSION $ 9,243,028 $ 11,326,944 $ 13,786,033 $ 15,203,927 $ 17,316,837 $ 18,198,712 SPECIAL EDUCATION (NON- SALARY) $ 10,733,996 $ 11,892,054 $ 12,837,465 $ 14,220,165 $ 15,959,509 $ 16,258,969 CHARTER SCHOOLS $ 4,072,519 $ 4,330,345 $ 5,394,490 $ 4,759,442 $ 5,552,903 $ 5,627,903 HEALTH CARE COSTS, NET $ 13,252,970 $ 12,855,393 $ 10,626,933 $ 10,967,085 $ 10,862,452 $ 11,329,325 DEBT SERVICE $ 6,690,110 $ 6,010,604 $ 8,275,798 $ 9,098,111 $ 9,864,201 $ 10,556,097 DISTRICT OTHER EXPENSES $ 80,627,417 $ 77,189,932 $ 77,240,915 $ 76,346,394 $ 77,813,884 $ 79,608,003 TOTAL DISTRICT EXPENDITURES $124,620,040 $123,605,272 $128,161,634 $130,595,124 $137,369,786 $141,579,009

MANDATED COST INCREASES

Actual Actual Actual Actual Budget Budget 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 PENSION $ 9,243,028 $ 11,326,944 $ 13,786,033 $ 15,203,927 $ 17,316,837 $ 18,198,712 SPECIAL EDUCATION (NON- SALARY) $ 10,733,996 $ 11,892,054 $ 12,837,465 $ 14,220,165 $ 15,959,509 $ 16,258,969 HEALTH CARE COSTS $ 13,252,970 $ 12,855,393 $ 10,626,933 $ 10,967,085 $ 10,862,452 $ 11,329,325 DEBT SERVICE $ 6,690,110 $ 6,010,604 $ 8,275,798 $ 9,098,111 $ 9,864,201 $ 10,556,097 TOTAL DISTRICT EXPENDITURES $ 39,920,104 $ 42,084,995 $ 45,526,229 $ 49,489,288 $ 54,002,999 $ 56,344,103 Actual Actual Actual Actual Budget Budget 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019

PENSION

43.37% 22.55% 21.71% 10.29% 13.90% 5.09%

SPECIAL EDUCATION (NON- SALARY)

6.30% 10.79% 7.95% 10.77% 12.23% 1.88%

HEALTH CARE COSTS, NET

47.34%

• 3.00%
• 17.33%

3.20%

• 0.95%

4.30%

DEBT SERVICE

64.40%

• 10.16%

37.69% 9.94% 8.42% 7.01%

TOTAL % INCREASE

34.83% 5.42% 8.18% 8.71% 9.12% 4.34%

PERCENTAGE INCREASE

HISTORICAL COST DRIVERS 2011-2012 TO 2018-2019

$- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 $20,000,000 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 PENSION SPECIAL EDUCATION (NON- SALARY) CHARTER SCHOOLS HEALTH CARE COSTS DEBT SERVICE

PSERS CONTRIBUTION RATES

BTSD Debt Schedule

TOTAL PRINCIPAL AND INTEREST Period Ending Series of 2003 Note Series of 2013 Series of 2016 Series of 2017 Aggregate Debt Service 6/30/2017 $ 72,720.00 $ 7,660,550.00 $ 591,933.71 $ 976,820.00 $ 9,703,468.39 6/30/2018 72,520.00 7,660,350.00 590,705.00 1,163,780.00 9,888,794.73 6/30/2019 72,240.00 7,663,250.00 594,705.00 1,681,880.00 10,410,240.60 6/30/2020 71,880.00 8,010,500.00 593,105.00 1,679,380.00 10,354,865.00 6/30/2021 72,420.00 8,010,000.00 591,105.00 1,688,880.00 10,362,405.00 6/30/2022 71,860.00 8,012,160.00 593,705.00 1,684,920.00 10,362,645.00 6/30/2023 72,200.00 8,007,110.00 593,955.00 1,678,990.00 10,352,255.00 6/30/2024 72,420.00 8,009,297.50 593,905.00 1,681,165.00 10,356,787.50 6/30/2025

• 8,084,685.00 591,315.00 1,667,165.00 10,343,165.00

6/30/2026

• 8,082,685.00 593,002.50 1,675,615.00 10,351,302.50

6/30/2027

• 8,083,485.00 594,002.50 1,671,495.00 10,348,982.50

6/30/2028

• 8,081,985.00 594,290.00 1,670,475.00 10,346,750.00

6/30/2029

• 8,083,785.00 593,840.00 1,667,737.50 10,345,362.50

6/30/2030

• 8,081,397.50 592,140.00 1,667,562.50 10,341,100.00

6/30/2031

• 8,083,510.00 595,140.00 1,664,862.50 10,343,512.50

6/30/2032

• 8,084,335.00 592,690.00 1,659,550.00 10,336,575.00

6/30/2033

• 8,082,060.00 594,940.00 1,654,950.00 10,331,950.00

6/30/2034

• 8,083,437.50 595,640.00 1,653,550.00 10,332,627.50

6/30/2035

• 8,081,350.00 590,852.50 1,655,150.00 10,327,352.50

6/30/2036

• 8,081,762.50 590,740.00 1,649,950.00 10,322,452.50

6/30/2037

• 8,083,000.00 595,140.00 1,647,750.00 10,325,890.00

6/30/2038

• 8,084,275.00 592,390.00 1,648,350.00 10,325,015.00

6/30/2039

• 8,084,775.00 594,107.50 1,646,750.00 10,325,632.50

6/30/2040

• 8,080,275.00 595,115.00 1,628,250.00 10,303,640.00

6/30/2041

• 8,080,275.00 595,412.50 1,626,000.00 10,301,687.50

6/30/2042

• 8,086,450.00 -

1,620,000.00 9,706,450.00 6/30/2043

• 8,083,200.00 -
• 8,083,200.00

$ 651,100.00 $224,371,995.00 $ 14,833,876.21 $ 42,369,144.83 $ 283,828,896.60

OTHER DISTRICT EXPENSES - HISTORICAL

$70,000,000 $72,000,000 $74,000,000 $76,000,000 $78,000,000 $80,000,000 $82,000,000 $84,000,000 $86,000,000 $88,000,000 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019

DISTRICT OTHER EXPENSES

ACT 1 VERSUS MANDATED COST INCREASES

Act 1 Cost Increases 2012-2013 2.10% 18.76% 2013-2014 2.20% 20.40% 2014-2015 2.70% 14.55% 2015-2016 2.40% 16.22% 2016-2017 3.10% 8.71% 2017-2018 3.30% 9.12% 2018-2019 3.10% 4.34%

2017-2018 BUDGET TOTAL EXPENDITURES $ 137,369,786 RETIREMENT* 881,875 CBA CONTRACTUAL SALARY INCREASES 1,083,058 INCREASE IN CBA MEDICAL INS. CONTR. (324,504) 758,554 DEBT SERVICE 691,896 HEALTH CARE COSTS 466,873 CURRICULUM 466,617 SPECIAL EDUCATION 299,460 INFORMATION TECHNOLOGY 157,257 TRANSPORTATION 140,942 ALL OTHER BUDGETED DISTRICT COSTS 345,749 2018-2019 BUDGETED TOTAL EXPENDITURES $ 141,579,009

* RETIREMENT TO BE OFFSET BY STATE CONTRIBUTION OF $440,938, NET COST $440,938

BUDGET NOTES

 Staffing is currently budgeted in line with

2017-2018

 No attritional savings have been

included

 Certain expenditures include worst case

scenarios

 Between offsetting interest and increase

in principal, debt increased by ~$1.2M

BUDGET NOTES

 Still waiting on final federal revenue

budget to be released – will directly impact the programs they fund

16 - 17 Actual 17 - 18 Budget 18 - 19 Budget

1100 Regular Education 100 Salaries 27,374,280 29,574,578 30,129,438 200 Benefits 16,767,234 18,935,118 19,674,736 300 Purch Prof & Tech Srvs 520,823 757,200 755,900 400 Purch Property Srvs 3,395 11,109 11,109 500 Other Purchased Srvs 2,743,322 3,321,994 3,397,994 600 Supplies 1,015,634 579,496 1,001,993 700 Property 32,714 10,189 10,189 800 Other Objects 48,457,402 53,189,684 54,981,359 1200 Special Education 100 Salaries 8,927,514 8,949,870 9,306,814 200 Benefits 5,461,620 5,536,030 6,078,457 300 Purch Prof & Tech Srvs 11,070,236 11,069,948 11,592,214 400 Purch Property Srvs 500 Other Purchased Srvs 5,343,668 5,439,625 5,211,970 600 Supplies 29,229 71,698 70,091 700 Property 5,354 19,609 13,500 800 Other Objects 30,837,621 31,086,779 32,306,046 1300 Vocational Education 100 Salaries 455,114 558,158 579,256 200 Benefits 278,427 326,062 380,245 300 Purch Prof & Tech Srvs 8,745 10,000 10,000 400 Purch Property Srvs 2,900 2,900 500 Other Purchased Srvs 5,532,240 5,416,876 5,416,876 600 Supplies 27,542 48,898 57,244 700 Property 3,500 1,000 800 Other Objects 6,302,068 6,366,394 6,447,521

16 - 17 Actual 17 - 18 Budget 18 - 19 Budget

1400 Other Instr. Programs 100 Salaries 66,195 128,967 93,967 200 Benefits 40,496 94,965 79,536 300 Purch Prof & Tech Srvs 29,414 80,628 115,254 400 Purch Property Srvs 500 Other Purchased Srvs 437,613 706,997 649,446 600 Supplies 6,527 6,950 6,950 700 Property 800 Other Objects 580,245 1,018,507 945,153 1500 Non Public Programs 100 Salaries 200 Benefits 300 Purch Prof & Tech Srvs 42,475 45,000 45,000 400 Purch Property Srvs 500 Other Purchased Srvs 600 Supplies 700 Property 800 Other Objects 42,475 45,000 45,000 1800 Pre-Kindergarten 100 Salaries 324 200 Benefits 300 Purch Prof & Tech Srvs 1,900 1,900 400 Purch Property Srvs 500 Other Purchased Srvs 786,954 739,307 787,600 600 Supplies 6,383 1,000 1,000 700 Property 800 Other Objects 793,661 742,207 790,500

16 - 17 Actual 17 - 18 Budget 18 - 19 Budget

2100 Pupil Personnel 100 Salaries 2,504,445 2,553,990 2,602,698 200 Benefits 1,602,750 1,643,981 1,697,287 300 Purch Prof & Tech Srvs 46,180 78,738 77,800 400 Purch Property Srvs 500 Other Purchased Srvs 6,250 13,700 13,200 600 Supplies 41,125 62,416 66,216 700 Property 800 Other Objects 400 400 4,200,750 4,353,225 4,457,601 2200 Instructional Staff 100 Salaries 2,549,359 1,473,576 1,957,302 200 Benefits 1,604,899 1,212,664 1,167,573 300 Purch Prof & Tech Srvs 308,588 202,001 187,916 400 Purch Property Srvs 59,190 80,000 116,963 500 Other Purchased Srvs 16,471 37,598 37,598 600 Supplies 312,660 379,250 366,653 700 Property 18,964 143,000 278,936 800 Other Objects 5,150 5,000 4,870,131 3,533,240 4,117,941 2300 Administration 100 Salaries 3,168,724 3,591,570 3,075,952 200 Benefits 2,033,460 2,298,600 2,150,713 300 Purch Prof & Tech Srvs 461,601 568,300 568,300 400 Purch Property Srvs 5,585 6,600 500 Other Purchased Srvs 46,608 173,518 173,431 600 Supplies 39,991 64,884 65,725 700 Property 15,000 15,000 800 Other Objects 24,085 22,200 26,700 5,774,469 6,739,657 6,082,421

16 - 17 Actual 17 - 18 Budget 18 - 19 Budget

2400 Pupil Health 100 Salaries 795,018 744,136 805,283 200 Benefits 485,771 482,017 526,517 300 Purch Prof & Tech Srvs 34,090 83,810 77,583 400 Purch Property Srvs 300 4,800 4,800 500 Other Purchased Srvs 1,750 2,735 3,635 600 Supplies 24,143 42,147 42,397 700 Property 1,750 3,000 800 Other Objects 130 130 1,341,072 1,361,525 1,463,345 2500 Business 100 Salaries 664,872 682,939 676,764 200 Benefits 406,116 438,368 440,431 300 Purch Prof & Tech Srvs 10,219 400 Purch Property Srvs 113,991 92,726 92,726 500 Other Purchased Srvs 17,900 22,875 23,135 600 Supplies 9,993 4,050 4,750 700 Property 800 Other Objects 460 275 525 1,223,551 1,241,233 1,238,331 2600 Operations 100 Salaries 3,137,222 3,207,770 3,220,153 200 Benefits 1,916,274 2,088,885 2,099,055 300 Purch Prof & Tech Srvs 37,297 55,400 43,400 400 Purch Property Srvs 1,169,931 1,496,500 1,548,500 500 Other Purchased Srvs 480,704 370,950 369,380 600 Supplies 605,968 835,800 837,500 700 Property 95,134 800 Other Objects 27,280 15,440 10,440 7,469,810 8,070,745 8,128,429

16 - 17 Actual 17 - 18 Budget 18 - 19 Budget

2700 Student Transportation 100 Salaries 1,081,448 1,101,239 1,120,330 200 Benefits 672,250 504,497 529,363 300 Purch Prof & Tech Srvs 630,816 563,065 580,000 400 Purch Property Srvs 543,487 506,080 514,000 500 Other Purchased Srvs 4,345,155 4,522,293 4,621,630 600 Supplies 243,356 280,500 297,250 700 Property 34,000 800 Other Objects 375 375 7,550,512 7,478,049 7,662,948 2800 Support Services - Central 100 Salaries 286,459 307,276 314,488 200 Benefits 187,401 239,038 245,544 300 Purch Prof & Tech Srvs 132,382 119,000 130,200 400 Purch Property Srvs 1,000 1,000 500 Other Purchased Srvs 8,900 18,600 19,000 600 Supplies 197,078 244,222 222,999 700 Property 800 Other Objects 645 1,260 1,359 812,865 930,396 934,590 2900 Other Support Services 100 Salaries 200 Benefits 300 Purch Prof & Tech Srvs 400 Purch Property Srvs 500 Other Purchased Srvs 64,179 33,000 66,000 600 Supplies 700 Property 800 Other Objects 64,179 33,000 33,000

16 - 17 Actual 17 - 18 Budget 18 - 19 Budget

3200 Student Activities 100 Salaries 518,384 447,587 555,826 200 Benefits 199,823 192,028 239,452 300 Purch Prof & Tech Srvs 109,240 136,686 140,793 400 Purch Property Srvs 29,934 43,400 41,900 500 Other Purchased Srvs 27,095 26,357 27,100 600 Supplies 106,238 126,530 154,490 700 Property 19,422 22,675 42,336 800 Other Objects 38,100 45,550 46,420 1,048,236 1,040,813 1,248,317 3300 Community Services 100 Salaries 200 Benefits 300 Purch Prof & Tech Srvs 2,791 500 500 400 Purch Property Srvs 500 Other Purchased Srvs 111,242 100,500 115,500 600 Supplies 13,937 24,411 24,411 700 Property 800 Other Objects 127,970 125,411 140,411 5100 Debt Service 800 Other Objects 6,449,195 6,911,872 6,812,715 900 Other Uses of Funds 2,648,913 2,952,049 3,593,382 9,098,108 9,863,921 10,406,097 5900 Budgetary Reserve 800 Other Objects 150,000 150,000 900 Other Uses of Funds 150,000 150,000

2018 18-20 2019 REV EVENU ENUES ES BY SOU OURCE CE

66% 33% 1% LOCAL STATE FEDERAL

2018-2019 Revenue Changes

 Local revenues:

 Slight increase in assessment to date  Comparable to prior year

 State revenues:

 Governor’s budget included increases in the

Basic Education Subsidy and Special Education Funding.

 Pre-K funding increased  No reductions noted in state funding to the

District

2018-2019 Revenue Changes

 Federal Revenues:

 Continue to remain flat from year to year

Governor’s Budget Proposal

Revenues by Source

$- $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 $160,000,000 2011- 2012 2012- 2013 2013- 2014 2014- 2015 2015- 2016 2016- 2017

REVENUES BY SOURCE HISTORICAL

Federal State Local

Local Revenues

2015-2016 Actual 2016-2017 Actual 2017-2018 Budget 2018-2019 Budget Current Real Estate Taxes $ 77,337,531 $ 79,702,359 $ 81,331,177 $ 81,825,118 Public Utility Realty Taxes 91,732 89,822 89,822 86,000 Current Act 511 Taxes - Flat Rate Assessments 150,910 173,323 156,743 163,063 Payments in Lieu of Taxes 34,987 34,987 34,987 34,987 Current Act 511 Taxes - Proportional Assessments 1,639,467 1,626,675 1,555,926 1,550,000 Delinquencies on Taxes Levied 4,882,016 5,163,930 4,400,000 4,326,000 Earnings on Investments 81,551 224,144 100,000 255,000 Revenues from District Activities 21,624 25,508 24,404 25,644 Revenues from Intermediary Sources - Pass Through 1,326,437 1,595,307 1,341,742 1,409,749 Rentals 22,610 74,469 23,723 37,555 Contributions and Donations 219,855 160,501 Tuition from Patrons 288,055 288,949 335,909 332,225 Community Service Activities Refunds and other Misc. Revenue 26,797 54,885 31,515 39,641 Energy Incentive Rebates 65,672 25,000 25,000 $ 86,189,244 $ 89,214,859 $ 89,450,948 $ 90,109,982

State Revenues

2015-2016 Actual 2016-2017 Actual 2017-2018 Budget 2018-2019 Budget Basic Ed Subsidy $ 19,874,704 $ 20,522,888 $ 20,942,433 $ 21,248,902 Tuition for Orphans & Private Home Placements 124,390 111,699 219,960 219,960 Special Ed Funding 4,688,266 4,802,257 4,870,796 4,896,888 Pre K Counts 512,921 792,665 790,500 832,298 Transportation 1,574,903 1,930,857 1,433,161 1,834,314 Rental & Sinking Fund Payments 108,614 54,995 52,245 Health Services 125,390 131,450 126,982 126,982 State Property Reduction Allocation 3,390,880 3,391,128 3,390,909 3,390,909 Tutoring 5,397 17,784 Accountability Block Grant 1,029,712 1,029,712 1,029,712 1,029,712 Social Security 1,869,288 2,117,681 2,038,678 2,082,264 Retirement 7,062,763 8,235,095 8,477,095 9,099,357 $ 40,258,614 $ 43,191,830 $ 43,375,221 $ 44,813,832

Federal Revenues

2015-2016 Actual 2016-2017 Actual 2017-2018 Budget 2018-2019 Budget Title I $ 1,749,272 $ 1,768,388 $ 1,529,317 $ 1,579,237 Title II 330,366 324,901 330,458 263,615 Title III 125,218 48,338 65,148 58,246 Title IV 36,174 21st Century Grant Restricted Federal Grants 8,905 19,158 Medical Access 44,866 421,913 210,503 225,503 $ 2,258,626 $ 2,582,698 $2,135,426 $ 2,162,775

Other Financing Sources

2015-2016 Actual 2016-2017 Actual 2017-2018 Budget 2018-2019 Budget Other Extended Term Financing $ 2,856,025 $ 358,167 $ 488,410 $ 0 2,856,025 358,167 488,410 TOTAL REVENUES $131,562,509 $135,347,554 $135,450,005 $137,086,589

Historical Assessment Changes

$413,000,000 $414,000,000 $415,000,000 $416,000,000 $417,000,000 $418,000,000 $419,000,000 $420,000,000 $421,000,000 $422,000,000 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019

18-19 Real Estate Tax Rates Bucks County

School District 2017-2018 Real Estate Mills Median Assessment Median Tax Bill Bensalem Township SD 155.4425 22,595 3,512 Bristol Borough SD 154.0000 16,400 3,526 Bristol Township SD 215.8200 17,600 3,798 Centennial SD 136.6300 26,400 3,608 Central Bucks SD 124.1000 37,480 4,651 Council Rock SD 120.7100 38,880 4,693 Morrisville Borough SD 200.9680 18,400 3,698 Neshaminy SD 155.8000 27,200 4,238 New Hope-Solebury SD 97.6962 54,040 5,280 Palisades SD 113.3000 34,280 3,884 Pennridge SD 135.2550 30,880 4,177 Pennsbury SD 165.0600 28,000 4,622 Quakertown Community SD 157.7700 25,790 4,069

Average Tax Bill – Bucks County

• 1,000

2,000 3,000 4,000 5,000 6,000

Revenue Notes

 Preliminary budget does not include a

tax increase

 Act 1 Index for 2018-2019 is 3.1% and

would be equal to 6.69 mills

 Increasing real estate tax millage by

3.1% would generate approximately $2.3M in revenue

 Average tax bill would increase by $113

if taxes are increased by the Act 1 Index

General Fund Summary

Total Estimated Revenues $ 137,086,589 Total Estimated Expenditures 141,579,009 Surplus / (Shortage) (4,492,420) Act 1 Property Tax Index - 3.1% 2,410,761 Surplus / (Shortage) with Tax Increase (2,081,660) Total Projected General Fund Balance as of 06/30/18 13,254,479 Projected Reserves with Tax Increase 11,172,819 Projected Reserves without Tax Increase 8,762,059

Not Included in the Budget

 Plancon Revenues:

 Approximately $750,000 per year when

approved and received

 Final Plancon form anticipated to be

complete and approved at the next Board meeting

 State planning on releasing some money in

18-19

 Effects of cost sharing from unsettled

contracts

Not Included in the Budget (cont’d)

 Proceeds from the sale of vacant

elementary schools (if sold)

 Future real estate tax revenues from the

sites (if sold)

Future Budget Meetings

 April 9, 2018:

 Discussion of Curriculum & Special

Education budgets

 May 9, 2018

 Discussion of Federal Programs, Operations

& Transportation budgets

 June 18, 2018

 Final Budget Meeting/Workshop