STEELTON-HIGHSPIRE SCHOOL DISTRICT 2018-2019 Budget and Financial Forecast Presentation April 18, 2018 Presented by: Michael Simonetti Business Manager Steelton-Highspire School District Nikki Moore District Accountant Steelton-Highspire School District
STEELTON-HIGHSPIRE SCHOOL DISTRICT Financial Forecast Expenditures 18-19 proj 19-20 proj. 20-21 proj. 21-22 proj. sa la rie s 7,803,309 7,959,375 8,118,562 8,280,934 he a lthca re 1,874,251 2,024,191 2,176,005 2,339,206 R e tire me nt 2,058,704 2,827,966 2,918,623 3,014,260 Soc.Se c./Misc. 626,565 639,096 651,878 664,916 prof.se rvice s 1,750,320 1,785,326 1,785,326 1,785,326 prope rty se r./utilitie s 397,360 405,307 413,413 421,682 T uition to Schools 2,904,155 2,962,238 3,021,483 3,081,913 T ra nsp./othe r pur.se r. 867,723 885,077 902,779 920,834 supplie s/books/soft. 372,197 483,856 485,308 486,764 e ne rgy 208,021 212,181 216,425 220,754 e quipme nt 310,174 316,378 316,378 316,378 fe e s,re se rve ,mis. 33,994 33,994 33,994 33,994 de bt se rvice 2,636,684 2,652,169 2,670,355 2,677,150 21,843,456 23,187,155 23,710,530 24,244,108 T OT AL EXP. e nrollme nt 1347 1,347 1349.00 1349.00 Revenue 18-19 proj 19-20 proj. 20-21 proj. 21-22 proj. R e a l Esta te /Int. 4,683,851 4,827,769 4,969,894 5,068,073 W a ge &Income 1,067,000 1,088,340 1,110,107 1,132,309 D e linque nt T a x 500,000 510,000 520,200 530,604 ID EA pa ss through 1,003,574 1,023,646 1,044,119 1,065,001 Othe r Loca l 363,741 374,653 385,893 397,470 Total Local 7,618,166 7,824,408 8,030,213 8,193,457 Prope rty T a x R e l. 395,040 395,040 395,040 395,041 PA Block Gra nt/R T L 352,679 352,679 352,679 352,679 Ba sic Instruction 8,390,762 8,726,392 9,075,448 9,438,466 Spe cia l Ed. 1,096,874 1,118,811 1,141,188 1,164,011 T ra nsport.Sub. 383,634 395,143 406,997 419,207 Socia l Se curity 410,000 450,398 459,405 468,594 R e tire me nt 1,871,593 2,091,846 2,158,906 2,229,648 202,232 214,000 234,000 234,001 D e bt Subsidy Othe r Sta te 78,810 81,174 83,610 86,954 T ota l Sta te 13,181,624 13,825,484 14,307,273 14,788,601 Fe d.Sub./Sch.Inte rve n 1,067,173 1,088,516 1,110,287 1,143,595 T OT AL R EV. 21,866,963 22,738,409 23,447,772 24,125,654 End. Fund Ba l. $723,980 $275,234 12,477 (105,978) R e v. ove r Exp. $23,507 ($448,746) (262,757) (118,455) va lue of mill 171,594 170,616 169,644 168,677 milla ge 26.977 27.977 28.98 29.73 mills 0.75 1 1 0.75 Ave r. T a x incre a se $42.56 $56.74 $56.74 $42.56
STEELTON-HIGHSPIRE SCHOOL DISTRICT 18-19 Budget Projection with Proposed Tax Increase Revenue Expenditures 18-19 proj 18-19 proj Real Estate/Int. 4,683,851 salaries 7,803,309 Wage&Income 1,067,000 healthcare 1,874,251 Delinquent Tax 500,000 IDEA pass through 1,003,574 Retirement 2,058,704 Other Local 363,741 Soc.Sec./Misc. 626,565 Total Local 7,618,166 prof.services 1,750,320 Property Tax Rel. 395,040 PA Block Grant/RTL 352,679 property ser./utilities 397,360 Basic Instruction 8,390,762 Tuition to Schools 2,904,155 1,096,874 Special Ed. 867,723 Transp./other pur.ser. Transport.Sub. 383,634 Social Security 410,000 supplies/books/soft. 372,197 1,871,593 Retirement energy 208,021 Debt Subsidy 202,232 Other State 78,810 310,174 equipment Total State 13,181,624 fees,reserve,mis. 33,994 1,067,173 Fed.Sub./Sch.Interven debt service 2,636,684 Erate Funds TOTAL REV. 21,866,963 TOTAL EXP. 21,843,456 $723,980 End. Fund Bal. Rev. over Exp. $23,507 One time subsidy 171,594 value of mill 26.977 millage 0.75 mills Aver. Tax increase $42.56
STEELTON-HIGHSPIRE SCHOOL DISTRICT 18-19 Budget Projection EXCLUDING Proposed Tax Increase Revenue Expenditures 18-19 proj 18-19 proj Real Estate/Int. 4,555,155 salaries 7,803,309 Wage&Income 1,067,000 Delinquent Tax 500,000 healthcare 1,874,251 IDEA pass through 1,003,574 Retirement 2,058,704 Other Local 363,741 Soc.Sec./Misc. 626,565 Total Local 7,489,471 Property Tax Rel. 395,040 prof.services 1,750,320 PA Block Grant/RTL 352,679 property ser./utilities 397,360 Basic Instruction 8,390,762 Tuition to Schools 2,904,155 Special Ed. 1,096,874 Transp./other pur.ser. 867,723 Transport.Sub. 383,634 Social Security 410,000 supplies/books/soft. 372,197 Retirement 1,871,593 energy 208,021 Debt Subsidy 202,232 Other State 78,810 equipment 310,174 Total State 13,181,624 fees,reserve,mis. 33,994 1,067,173 Fed.Sub./Sch.Interven debt service 2,636,684 Erate Funds 21,738,268 21,843,456 TOTAL REV. TOTAL EXP. End. Fund Bal. $595,285 Rev. over Exp. ($105,188) One time subsidy value of mill 171,594 millage 26.227 0 mills Aver. Tax increase $0.00
STEELTON-HIGHSPIRE SCHOOL DISTRICT 3-Year Lost Revenue Resulting from No Tax Increase Steelton-Highspire School District Financial Forecast- Actual Vs. Proposed T ax Increase Expenditures 15-16 act 15-16 T AX variance 16-17 act 16-17 T AX variance 17-18 proj. 17-18 T AX variance 3 yr total salaries 6,751,137 6,751,137 7,230,293 7,230,293 7,336,350 7,336,350 healthcare 1,671,822 1,671,822 1,606,868 1,606,868 1,735,417 1,735,417 Retirement 1,696,553 1,696,553 1,990,589 1,990,589 2,041,150 2,041,150 Soc.Sec./Misc. 809,563 809,563 685,287 685,287 689,193 689,193 prof.services 1,112,607 1,112,607 1,762,598 1,762,598 1,716,000 1,716,000 property ser./utilities 706,676 706,676 480,264 480,264 518,000 518,000 T uition to Schools 3,060,139 3,060,139 2,819,568 2,819,568 2,819,568 2,819,568 T ransp./other pur.ser. 882,907 882,907 834,028 834,028 850,709 850,709 supplies/books/soft. 382,230 382,230 367,780 367,780 337,758 337,758 energy 294,462 294,462 226,856 226,856 231,393 231,393 equipment 275,056 275,056 326,499 326,499 326,499 326,499 fees,reserve,mis. 17,416 17,416 33,994 33,994 33,994 33,994 debt service 2,673,859 2,673,859 2,638,978 2,638,978 2,514,653 2,514,653 T OT AL EXP. 20,334,427 20,334,427 0 21,003,602 21,003,602 0 21,150,684 21,150,684 0 0 Revenue 15-16 act 15-16 T AX 16-17 act 16-17 T AX 17-18 proj. 17-18 T AX Real Estate/Int. 4,426,106 4,491,897 65,791 4,607,531 4,717,019 109,488 4,581,268 4,693,593 112,325 287,604 Wage&Income 921,585 921,585 1,067,739 1,067,739 1,078,416 1,078,416 Delinquent T ax 785,125 785,125 702,258 702,258 716,303 716,303 IDEA pass through 1,296,937 1,296,937 964,604 964,604 983,897 983,897 Other Local 144,786 144,786 110,999 110,999 193,219 193,219 T otal Local 7,574,539 7,640,330 65,791 7,453,132 7,562,620 109,488 7,553,104 7,665,429 112,325 287,604 Property T ax Rel. 592,517 592,517 484,255 484,255 395,040 395,040 PA Block Grant/RT L 352,720 352,720 352,679 352,679 352,679 352,679 Basic Instruction 7,793,308 7,793,308 8,000,743 8,000,743 8,208,102 8,208,102 Special Ed. 990,724 990,724 1,177,972 1,177,972 1,052,941 1,052,941 T ransport.Sub. 473,510 473,510 419,612 419,612 377,651 377,651 Social Security 340,426 340,426 402,743 402,743 415,142 415,142 Retirement 1,113,823 1,113,823 1,648,705 1,648,705 1,509,839 1,509,839 Debt Subsidy 0 0 0 0 638,000 638,000 Other State 138,769 138,769 93,657 93,657 96,466 96,466 T otal State 11,795,797 11,795,797 0 12,580,367 12,580,367 0 13,045,860 13,045,860 0 0 Fed.Sub./Sch.Interven 986,252 986,252 0 994,250 994,250 0 952,193 952,193 0 0 T OT AL REV. 20,356,588 20,422,379 65,791 21,027,749 21,137,237 109,488 23,151,157 23,263,482 112,325 287,604 End. Fund Bal. ($2,900,473) ($2,834,683) $65,791 ($1,300,000) ($1,124,721) $175,279 $700,473 $988,077 $287,604 $287,604 Rev. over Exp. $22,161 $87,952 $65,791 $24,147 $133,635 $109,488 $2,000,473 $2,112,798 $112,325 $287,604 One time subsidy $1,170,000 $1,170,000 $900,000 $900,000 $1,600,000 $1,600,000 value of mill 174,562 175,038 173,567 174,040 172,578 173,048 25.477 25.997 25.477 26.777 25.477 27.577 millage mills 0 0.52 0 0.78 0 0.8 Aver. T ax increase $0.00 $29.51 $0.00 $44.26 $0.00 $45.40
STEELTON-HIGHSPIRE SCHOOL DISTRICT PSERS Percent by Year PSERS History/Projections Employer Contribution Rates 40.00% 34.79% 35.26% 35.68% 36.32% 35.00% 32.57% 30.03% 30.00% 25.84% 25.00% 21.40% Percent 20.00% 16.93% 15.00% 12.36% 10.00% 8.65% 6.46% 7.13% 4.76% 4.78% 5.64% 3.77% 4.23% 4.69% 5.00% 1.09% 1.15% 0.00% 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 Year
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