Peters Township School District Final Budget 2020-2021 June 22, - - PDF document
Peters Township School District Final Budget 2020-2021 June 22, 2020 Peters Township School District Final Budget 2020-2021 June 22, 2020 School Board Finance Committee AGENDA I. Review of Proposed Final Budget II. Revenue Updates III.
Peters Township School District
Final Budget 2020-2021
June 22, 2020
School Board Finance Committee AGENDA I. Review of Proposed Final Budget
Peters Township School District Final Budget 2020-2021
June 22, 2020
Peters Township School District
Millage Increase of 2.6%
REVENUES: 6000 Local Revenues 52,917,989 $ 7000 State Revenues 16,740,323 $ 8000 Federal Revenues 435,000 $ 9000 Other Financial Sources 1,000 $ 2020‐2021 Revenues 70,094,311 $ 1000 Instruction 41,499,475 $ 2000 Support Services 19,993,418 $ 3000 Operations of Non‐Instructional Services 1,477,325 $ 4000 Facilities ‐ $ 5000 Other Financing Uses 7,815,273 $ 2020‐2021 Expenditures 70,785,491 $ 2020‐2021 Budget Gap (691,180) $
Proposed Final Budget Summary
KEY POINTS TO NOTE: Local Revenue
State Revenue
for K-12 education, which received 12 month funding.
and Special Education Funding.
addition to Basic Education Funding.
2019-2020 amount with the supplement of federal stimulus funds.
with additional Federal Funds for COVID-19 related purposes.
Peters Township School District Final Budget 2020-2021
June 22, 2020
$3,583,388 $3,935,099 $4,224,726 $4,130,822 $4,258,325 $4,451,464 $4,580,822 $5,035,831 $5,629,430 $5,760,656 $5,489,738 $5,961,676 $6,276,171 $6,063,020
$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000
$881,487 $789,631 $824,568 $576,710$600,467 $703,653 $805,520 $840,183 $837,204 $798,795 $855,468$839,039 $942,433 $1,009,043
$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000
Peters Township School District
Revenue Changes from Proposed Final Budget
Estimated Category Budget Decreases and Increases
Interim Real Estate Tax (50,000) $ Real Estate Transfer Tax (130,171) $ State Safe School Grant (40,000) $ Federal Title Funding (35,990) $ Federal CARES Act Funding 484,754 $ Net Revenue Changes 228,593 $
DISTRICT REVENUE BY SOURCE
Budgeted Projected 2019‐2020 2020‐2021
Local Revenue 51,587,767 $ 52,741,893 $ State Revenue 16,167,886 $ 16,704,167 $ Federal Revenue 405,000 $ 883,764 $ Other Revenue 1,000 $ 1,000 $ Total Revenues 68,161,653 $ 70,330,824 $
$52,741,893 75% $16,704,167 24% $883,764 1% $1,000 0%
Projected 2020‐2021 Revenue by Source Local Revenue State Revenue Federal Revenue Other Revenue
Peters Township School District Revenue by Major Function
ACT 16‐17 ACT 17‐18 ACT 18‐19 19‐20 BUD 20‐21 BUD 6000 REVENUE FROM LOCAL SOURCES 6111.1 CURRENT REAL ESTATE TAXES* 37,702,463 39,286,363 40,614,891 41,968,297 43,635,397 6112.1 INTERIM REAL ESTATE* 226,115 278,718 173,935 250,000 200,000 6113 PUBLIC UTILITY TAX 47,248 44,772 46,163 45,000 45,000 6143 LOCAL SERVICES TAX 47,891 47,770 47,982 45,000 45,000 6151 EARNED INCOME TAX* 5,961,675 6,276,170 6,063,019 6,286,807 5,972,467 6153 REAL ESTATE TRANSFER TAX* 839,039 942,433 1,009,042 878,980 800,000 6411 DELINQUENT REAL ESTATE TAX 489,026 544,751 554,204 513,470 529,327 6451 DELINQUENT EARNED INCOME TAX 116,394 135,429 51,082 112,171 50,000 6510 INTEREST ON INVESTMENTS* 103,385 239,818 604,111 450,000 241,644 6710 REVENUE FROM ATHLETIC EVENTS 118,412 144,759 179,259 131,041 162,009 6740 STUDENT FEES‐PARKING 27,780 27,115 29,100 26,000 26,000 6740 STUDENT FEES‐ACTIVITIES 6,560 8,650 7,640 8,000 8,000 6740 STUDENT FEES‐ATHLETICS 109,915 108,020 107,800 108,000 108,000 6740 STUDENT FEES‐TRANSPORTATION 24,056 16,181 14,719 18,000 18,000 6740 STUDENT FEES‐COACHES PAID BY BOOSTERS 6790 COACHES SALARIES PAID BY ATHLETIC 15,901 13,254 11,928 13,000 13,000 6832 FED. REV. FROM OTHER LEA'S‐Idea 545,961 532,384 516,573 532,000 532,000 6910 RENTAL FROM SCHOOL FACILITIES 46,704 34,398 42,492 40,000 55,000 6920 CONTRIBUTIONS AND DONATIONS 44,843 10,000 10,000 6941 TUITION ‐ REGULAR DAY STUDENTS 10,142 10,853 10,612 10,000 10,000 6942 TUITION ‐ SUMMER SCHOOL 94,816 59,800 60,011 90,000 60,000 6944 TUITION ‐ OTHER LEA'S 113,682 93,657 90,000 6961 TRANSPORTATION PROVIDED TO LEA'S 11,700 ‐107,867 11,570 10,000 10,000 6990 REFUNDS AND MISC. REVENUE 6991 REFUND OF PRIOR YR. EXPENSE‐ERATE 55,252 148,856 57,039 30,000 87,049 6992 ENERGY EFFICIENCY‐CLEARCHOICE 24,722 24,000 6999 MISCELLANEOUS 13,891 10,789 6,227 12,000 10,000 6000 TOTAL LOCAL REVENUE 46,659,169 48,917,098 50,337,778 51,587,766 52,741,893 7000 REVENUE FROM STATE SOURCES ACT 16‐17 ACT 17‐18 ACT 18‐19 19‐20 BUD 20‐21 JUNE BUD 7110 BASIC INSTRUCTIONAL SUBSIDY* 5,413,907 5,489,147 5,553,247 5,553,343 5,630,083 7160 TUITION FOR FOSTER CHILDREN 4,514 10,235 1,686 5,000 5,000 7250 MIGRATORY CHILDREN 160 150 7271 SPECIAL ED. ‐ REGULAR PROGRAMS* 1,589,123 1,607,116 1,613,601 1,620,745 1,657,860 7310 TRANSPORTATION SUBSIDY 858,365 841,142 813,709 950,000 850,000 7321 RENTAL/SINKING FUND PAYMENTS 647,260 245,727 386,941 269,640 497,236 7330 HEALTH SERVICE 88,545 54,380 73,840 75,000 75,000 7340 STATE PROPERTY TAX ALLOCATION 731,178 731,943 733,867 728,324 729,445 7361 SAFE SCHOOLS GRANTS 40,007 7501 READY TO LEARN GRANT 335,813 335,813 335,813 335,813 335,813 7810 REVENUE‐SOC. SEC. PAYMENTS 1,066,056 1,095,585 1,114,692 1,206,123 1,256,295 7820 REVENUE‐RETIREMENT 4,267,786 4,760,083 4,976,894 5,423,899 5,667,285 7000 TOTAL STATE REVENUE 15,002,547 15,171,171 15,644,457 16,167,887 16,704,167 8000 REVENUE FROM FEDERAL SOURCES ACT 16‐17 ACT 17‐18 ACT 18‐19 19‐20 BUD 20‐21 JUNE BUD 8514 ECIA ‐ TITLE I 193,002 164,003 127,834 175,000 100,733 8515 TITLE IIA CLASS SIZE REDUCTION 53,109 61,408 59,234 60,000 53,277 8517 TITLE IV 10,000 11,868 10,000 8731 BUILD AMERICA BONDS 17,312 34,681 34,811 20,000 35,000 8741 CARES ACT ‐ SCHOOL EMERGANCY RELIEF FUND 89,000 8742 CARES ACT ‐ COVID‐19 DISASTER SAFETY GRANT 395,754 8810 SBAP‐SCHOOL BASED ACCESS PROGRAM 2,817 1,838 117,052 150,000 200,000 8000 TOTAL FEDERAL REVENUE 266,240 271,930 350,799 405,000 883,764 TOTAL LOCAL/STATE/FEDERAL REVENUE 61,927,956 64,360,199 66,333,034 68,160,653 70,329,824 9000 OTHER FINANCING SOURCES ACT 16‐17 ACT 17‐18 ACT 18‐19 19‐20 BUD 20‐21 JUNE BUD 9400 SALE/COMP. ‐ LOSS OF FIXED ASSETS 1,323 943 467 1,000 1,000 9000 TOTAL OTHER FINANCING SOURCES 1,323 943 467 1,000 1,000 TOTAL REVENUE ALL SOURCES 61,929,279 64,361,142 66,333,501 68,161,653 70,330,824 INCREASE (DECREASE) $2,757,238 $2,431,863 $1,972,359 $1,828,152 $236,513
KEY POINTS TO NOTE: Expenditure increases are driven primarily by contractual and mandated staff costs. Debt Service will increase due to construction borrowing. Technology investment for 1:1 initiative.
Peters Township School District Final Budget 2020-2021
June 22, 2020
Peters Township School District
Estimated Category Budget Decreases and Increases
Technology ‐ 1:1 Initiative 429,364 $ Safety Supplies 50,000 $ Transportation 47,955 $ Insurance (68,555) $ Athletics (7,133) $ Net Expenditure Changes 451,631 $
Expenditure Changes from Proposed Final Budget
DISTRICT EXPENDITURE BY FUNCTION
Budgeted Projected 2019‐2020 2020‐2021
Instruction 40,377,280 $ 41,921,680 $ Support Services 19,388,721 $ 20,042,949 $ Operations of Non‐Instructional 1,492,802 $ 1,462,597 $ Other Financing Sources 6,902,850 $ 7,815,273 $ Total Revenues 68,161,653 $ 71,242,499 $
$41,921,680 59% $20,042,949 28% $1,462,597 2% $7,815,273 11%
Projected 2020‐2021 Expenditures by Function Instruction Support Services Operations of Non‐Instructional Other Financing Sources
Peters Township School District Expenditures by Major Function
BUDGET BUDGET ACT 16‐17 ACT 17‐18 ACT 18‐19 2019‐20 2020‐2021
1000 INSTRUCTION
1100 REGULAR PROGRAMS‐E/S 29,468,038 30,496,444 31,216,445 32,108,034 33,309,520 1200 SPECIAL PROGRAMS‐E/S 6,599,387 7,227,800 7,159,661 7,891,958 8,265,248 1300 VOCATIONAL ED. PROG. 301,066 278,956 356,608 234,450 234,450 1400 OTHER ED. PROGRAMS 83,071 54,088 45,828 110,449 110,862 1500 NON PUBLIC SCHOOL PROGRAMS 1,595 20,182 20,097 1,600 1,600 1000 TOTAL INSTRUCTION 36,453,157 38,077,470 38,798,639 40,346,491 41,921,680
2000 SUPPORT SERVICES
2100 PUPIL PERSONNEL 1,839,297 2,084,033 2,204,255 2,747,317 2,763,988 2200 INSTRUCTIONAL STAFF 1,955,984 1,885,533 1,844,041 1,750,160 1,728,379 2300 ADMINISTRATION 3,625,752 3,597,230 3,623,400 3,869,419 3,861,545 2400 PUPIL HEALTH 596,563 605,731 685,418 675,730 654,758 2500 BUSINESS 472,822 548,511 576,279 593,822 587,219 2600 OPER. & MAIN. OF PLANT/TECH. 4,926,509 5,171,600 5,309,670 5,576,122 5,680,500 2700 TRANSPORTATION 2,395,367 2,823,728 2,938,334 2,965,273 3,513,025 2800 SUPPORT SERVICES 946,760 1,105,377 1,246,141 1,175,859 1,187,881 2900 OTHER SUPPORT SRVS. 69,619 64,174 63,705 65,654 65,654 2000 TOTAL SUPPORT SERVICES 16,828,673 17,885,917 18,491,243 19,419,356 20,042,949
3000
3100 FOOD SERVICE 3200 STUDENT ACTIVITIES 1,555,861 1,599,188 1,677,696 1,487,956 1,457,597 3300 COMMUNITY SERVICES 5,433 3,441 4,455 5,000 5,000 3000 TOTAL NONINSTRUC. SRVS. 1,561,294 1,602,629 1,682,151 1,492,956 1,462,597
4000
4100 PURCHASE OF LAND 247,746 4200 SITE IMPR.‐ REPLACEMENT 4600 BLDG. IMPR ‐ REPLACEMENT 4000 TOTAL NONINSTRUC. SRVS. 247,746
54,843,124 57,813,762 58,972,033 61,258,803 63,427,226
5000 OTHER FINANCING USES
5100 DEBT SERVICE 4,834,857 88,628 42,399 5,250 5,250 5200 FUND TRANSFERS 2,000,000 6,472,967 7,289,524 6,897,600 7,810,023 5900 BUDGETARY RESERVE 5000 TOTAL OTHER USES 6,834,857 6,561,595 7,331,923 6,902,850 7,815,273 TOTAL EXPENDITURES & OTHER USES 61,677,981 64,375,357 66,303,956 68,161,653 71,242,499 Increase 1,928,599 1,857,697 3,080,846
FISCAL YEAR GENERAL FUND BALANCE CAPITAL FUND BALANCE TOTAL FUND BALANCE 01‐02 $17,130,016 $3,199,680 $20,329,696 02‐03 $15,826,326 $1,018,574 $16,844,900 03‐04 $12,108,384 $1,022,443 $13,130,827 04‐05 $11,927,280 $221,549 $12,148,829 05‐06 $13,645,468 $131,414 $13,776,882 06‐07 $14,861,126 $224,876 $15,086,002 07‐08 $15,302,279 $4,704,088 $20,006,367 08‐09 $13,917,440 $4,340,453 $18,257,893 09‐10 $11,817,595 $3,591,568 $15,409,163 10‐11 $11,263,205 $3,331,549 $14,594,754 11‐12 $9,840,535 $5,119,867 $14,960,402 12‐13 $11,175,074 $7,813,065 $18,988,139 13‐14 $8,901,186 $6,492,545 $15,393,731 14‐15 $9,953,685 $13,958,837 $23,912,522 15‐16 $10,558,409 $8,289,762 $18,848,171 16‐17 $10,809,708 $3,233,212 $14,042,920 17‐18 $10,934,201 $3,018,539 $13,952,740 18‐19 $10,963,746 $2,698,575 $13,662,321 19‐20* $10,963,746 $2,449,575 $13,413,321 20‐21* $10,052,071 $1,949,575 $12,001,646 *Projected
The General Fund Balance is comprised of $4.5 million assigned for debt service, $4.0 million for retirement expenses, and $1.5 million remains in unrestricted funds.
Peters Township School District
Fund Balance History/Projected
$0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Fund Balance History/Projected
Capital Fund General Fund Total
REVENUES:
6000 Local Revenues 52,741,893 $ 7000 State Revenues 16,704,167 $ 8000 Federal Revenues 883,764 $ 9000 Other Financial Sources 1,000 $
2020‐2021 Revenues
70,330,824 $
EXPENDITURES:
1000 Instruction 41,921,680 $ 2000 Support Services 20,042,949 $ 3000 Operations of Non 1,462,597 $ Instructional Services 4000 Facilities ‐ $ 5000 Other Financing Uses 7,815,273 $
2020‐2021 Expenditures
71,242,499 $
2020‐2021 Budget Gap
(911,675) $
FINAL BUDGET
BUDGET CONSIDERATIONS 2020‐2021 ‐ MILLAGE INCREASE TO THE INDEX
2019‐2020 Millage Rate is 13.81 2.6% Index allowable increase in millage 0.35 2020‐2021 Millage Rate 14.16
ALLEGHENY COUNTY PEER DISTRICTS 2019‐2020 MILLAGE RATE COMPARISON
School District Millage Rate Millage Difference Tax Difference
$100,000 assessed value Peters Township 13.8100 North Allegheny 19.1408 5.3308 533.08 $ Pine‐Richland 19.5867 5.7767 577.67 $ Bethel Park 21.0000 7.1900 719.00 $ Mt Lebanon 24.7900 10.9800 1,098.00 $ Upper Saint Clair 26.3775 12.5675 1,256.75 $ South Fayette 26.7000 12.8900 1,289.00 $ School Taxes on a $300,000 home in…. Peters Township $4,143 North Allegheny $5,742 Pine‐Richland $5,876 Bethel Park $6,300 Mt Lebanon $7,437 Upper Saint Clair $7,913 South Fayette $8,010
Peters Township School District
Note: Current millage rate is set at 13.81 mills. Annual Impact of 0.35 Mill Increase: $100,000 $35.00 ######## $150,000 $52.50 ######## $200,000 $70.00 ######## $250,000 $87.50 ######## $300,000 $105.00 ######## $350,000 $122.50 ######## $400,000 $140.00 ########
Impact on Homeowners of a 0.35 Mill Increase
If your current ASSESSMENT is: