Northern Bedford County School District Budget Presentation June - - PowerPoint PPT Presentation

Northern Bedford County School District Budget Presentation

June 18, 2019

Budget Committee Randy Wiand, Ex Officio David Chisholm John Eshelman Ralph Scott

REAL ESTATE BUDGETARY OPTIONS

Level Currently budgeted

Act 1 Index MILLS TO INDEX 0.0320 8.5759

MAY 1 AV revised Act 1 Index MILLS TO INDEX 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.20% $402,337,830.00 8.31000 0.0320 8.5759 8.35 8.39 8.43 8.48 8.52 8.56 8.5759 ESTIMATED RE TAXES AT 94% COLLECTION $3,343,427.37 $3,360,145 $3,376,862 $3,393,579 $3,410,296 $3,427,013 $3,443,730 $3,450,417 LESS PROPERTY TAX RELIEF $324,000.00 $324,000 $324,000 $324,000 $324,000 $324,000 $324,000 $324,000 BUDGETED $2,838,262 $2,853,976 $2,869,690 $2,885,404 $2,901,118 $2,916,832 $2,932,546 $2,938,832 $15,714 $15,714 $15,714 $15,714 $15,714 $15,714 $6,286 REVENUE IMPACT $31,428.22 $47,142.33 $62,856.43 $78,570.54 $94,284.65 $100,570.30

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Property type (column a) Median value of property type per Assessme nt office (column b) Tax bill at Current millage – Mills is 8.31 (column c) 2% Millage increase not to the Act 1 Index 8.48 (column d) 3.2% Millage increase to the Act 1 index 8.5759 (column e) Difference in Tax Increase at 2% (column c- d) Difference in Tax Increase at 3.2% (column c- e) Homestead / Farmstead Exemption Allowable ** based

• ff 2019/20

calculation

Residential $200,000 $1,662.00 $1,696.00 $1,715.81 $34 $53.81 $173 Trailers on

• wned land

$75,200 $624.91 $637.70 $644.91 $12.79 $20.00 $173 Agriculture (20-79.99 acres) dwelling – can include mountain/hunt ing ground but would have to have a “dwelling” $114,240 $949.33 $968.76 $979.71 $19.43 $30.38 $173

Agricultural (80 acres or more) dwelling - can include mountain/hunti ng ground but would have to have a “dwelling”

$100,130 $832.08 $849.10 $858.70 $17.02 $26.62 $173

Items Finalized for Final Budget

• Worker compensation policy increased by

$4,067 and the Property and Liability packages increased by $3,194. Overall this impact was absorbed in the budget with the decrease in the medical insurance premiums decreasing by 4.23%.

• Additional $100,000 to Budgetary Reserve to

Special Education

2019/20 Proposed General Fund Budget … At A Glance

6/17

Revenues Expenditures 6000-Local $4,238,836 100 – Personnel $6,119,603 7000-State $9,343,029 200 – Benefits $4,326,264 8000-Federal $ 344,851 300 – Professional Other $581,680 400 – Purchased Property $146,763 500 – Other Purchased Services $1,475,965 600 – Supplies $717,110 700 – Property & Equipment $107,050 800 – Dues & Fees $233,255 900 – Debt $652,244 Total $13,926,716 Total $14,359,932 Deficit -$433,216

Special Education and Charter Impact

The total impact of additional Special Education and Charter School Impact for 2019/20 budget is: Special Education Additional Tuition Costs Budgeted $162,137 Additional Personal Care Aids (Learning Lamp) $88,236 Charter School increase over Budgeted 18/19 $32,990 Total $283,363

65% of the 300-900 Footprint in 2019/20

Fund Balance Designations

• 0840 – Assigned Fund Balance $1,926,006

– PSERS Stabilization Fund YTD Ending Balance

• 0830 – Committed Fund Balance $1,496,006

– Accumulated sick leave $375,000 – Technology $250,000 – Capital Projects (not including Capital reserve) $871,000

• Total Committed and Assigned Fund Balance

$3,422,006

2019/20 FINAL BUDGET COMPARISON VERSUS 18/19 FINAL BUDGET

EXPENDITURES BY TOTAL OBJECT

2019/20 Budget 2018/19 BUDGET 19/20 vs 18/19 Variance 100 Personnel and Salaries $6,119,603 $5,913,941 $205,662 200 Personnel Services - Employee Benefits $4,326,264 $4,356,619 ($30,355) 300 Purchased Professional Technical Services $581,680 $527,393 $54,287 400 Purchased Property Services $146,763 $113,980 $32,783 500 Other Purchased Services $1,475,965 $1,280,445 $195,520 600 Supplies $717,110 $749,551 ($32,441) 700 Property $107,050 $57,613 $49,437 800 Other Objects $233,255 $223,085 $10,170 900 Other Financing $652,244 $579,244 ($127,000) Total $14,359,932 $13,801,871 ($458,063) Deficit

• $433,216
• $233,520

($199,693) 300-900 OBJECTS $3,914,067 $3,531,311 $382,756

REVENUES

2019/20 Budget 2018/19 BUDGET 19/20 vs 18/19 Variance 6000Local Funds $4,238,836 $4,124,283 $114,553 7000State Funds $9,343,029 $9,135,623 $207,406 8000Federal Funds $344,851 $308,445 $36,406 Total $13,926,716 $13,568,351 $358,365