STEELTON-HIGHSPIRE SCHOOL DISTRICT 2020-2021 Budget and Financial - - PowerPoint PPT Presentation

STEELTON-HIGHSPIRE SCHOOL DISTRICT

2020-2021 Budget and Financial Forecast Presentation

May 05, 2020

Presented by: Michael Simonetti Business Manager Steelton-Highspire School District

STEELTON-HIGHSPIRE SCHOOL DISTRICT

BUDGET SUMMARY

REVENUES $24,178,235 EXPENDITURES $24,026,979 Surplus $151,256 Budget includes uncontrollable costs such as charter school tuition, healthcare increases, and PSERS (note $1MM empowerment funds are NOT included).

STEELTON-HIGHSPIRE SCHOOL DISTRICT

Exp Expendit iture De Detail il; ; 20 20-21 PSER SERS

4.78% 8.65% 16.93% 25.84% 32.57% 34.29% 34.95% 36.12% 37.23% 38.17% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00% 45.00% 09/10 11/12 13/14 15/16 17/18 19/20 21/22 23/24 25/26 27/28

Percent Year

PSERS History/Projections Employer Contribution Rates

STEELTON-HIGHSPIRE SCHOOL DISTRICT

Delinquent Tax Collection- Portnoff

Collection Balance Carryfoward 1,291,861.18 2019/20 YTD Collection Face Value 228,575.16 Interest 3,508.75 Penalty 22,857.64 Postage Expense 6,475.20 Total YTD 261,416.75 Remaining Balance 1,030,444.43 Portnoff

STEELTON-HIGHSPIRE SCHOOL DISTRICT

Delinquent Tax Collection- Keystone

PC Del OCC Del Res Del Total Tax Collection Balance Carryfoward 80,372.06 3,272,001.13 80,429.60 3,432,802.79 2019/20 YTD Collection 12,286.92 439,331.84 12,210.62 463,829.38 Remaining Balance 68,085.14 2,832,669.29 68,218.98 2,968,973.41 Keystone

STEELTON-HIGHSPIRE SCHOOL DISTRICT

Delinquent Tax Collection- Dauphin County

Flat Penalty Interest Total Tax Commission Grand Total (less commissions) Highspire 2019/20 YTD Collection 45,407.72 4,543.57 6,909.44 56,860.73 2,843.04 54,017.69 Steelton 2019/20 YTD Collection 133,875.32 13,076.16 19,639.23 166,590.71 8,329.54 158,261.17 Total 179,283.04 17,619.73 26,548.67 223,451.44 11,172.57 212,278.87 Dauphin County

STEELTON-HIGHSPIRE SCHOOL DISTRICT

DE DELINQUENT TAX COLL LLECTION SUMMARY

18/19 ACTUALS $910,146 19/20 FORECAST $1,049,584 15% 20/21 BUDGET $1,070,575 17%

STEELTON-HIGHSPIRE SCHOOL DISTRICT

Exp Expendit iture De Detail il; ; 20 20-21 Cyb Cyber/C /Charter

2,120,859 2,208,329 3,060,139 2,819,568 3,057,637 3,152,663 3,201,566 3,265,597 3,330,909 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22

Cyber/Charter Payments by Year

Funding/Cost Savings Opportunities

• ESS Program (Counseling Services) 2 year Grant Funded $529,200 and

$580,000 respectively – Reduce our outplacement Costs (not secured)

• Caola (CAIU) – Reduce Charter/Cyber School Tuition (negotiating)
• Gaming Grant - $100,000 (applying when available)
• Empowerment Funds - $1,000,000.00 working on having rolled into our

Basic Education Subsidy (BEF) so we are guaranteed these funds every year.

• Transportation – Reduce our Special Needs/Outplacement transportation -

RFP preparation with Middletown contract ends June 2021

• Grant Writer shared with Roller Education Foundation
• Solar Project reduction of energy costs

STEELTON-HIGHSPIRE SCHOOL DISTRICT

Financial Forecast

Expenditures

19-20 Fore ca st 20-21 Budge t 21-22 Proj. Sa la rie s 8,098,812 8,758,055 9,029,554 H e a lthca re 2,334,736 2,329,814 2,504,550 R e tire me nt 2,799,069 2,957,237 3,286,758 Soc.Se c./Misc. 616,069 661,576 674,808 Prof.se rvice s 1,820,326 1,320,326 1,320,326 Prope rty se r./utilitie s 228,657 233,230 237,895 T uition to Schools 3,201,566 3,265,597 3,330,909 T ra nsp./othe r pur.se r. 800,000 816,000 832,320 Supplie s/books/soft. 483,856 585,589 587,346 Ene rgy 350,000 357,000 364,140 Equipme nt 25,000 25,000 25,000 Fe e s,re se rve ,mis. 50,000 50,000 50,000 D e bt se rvice 2,649,969 2,667,555 2,678,553 T OT AL EXP. 23,458,061 24,026,979 24,922,159 e nrollme nt 1,308 1390 1290

Revenue

19-20 Fore ca st 20-21 Budge t 21-22 Proj. R e a l Esta te /Int. 4,844,579 4,816,965 4,789,508 W a ge &Income 958,287 977,453 997,002 D e linque nt T a x 1,049,584 1,070,575 1,091,987 ID EA pa ss through 415,000 265,000 429,000 Othe r Loca l 228,348 235,198 242,254 T ota l Loca l 7,495,798 7,365,192 7,549,752 Prope rty T a x R e l. 395,000 395,040 395,041 R e a dy to Le a rn 356,797 352,679 352,679 Ba sic Instruction 8,775,831 9,054,562 9,416,744 Spe cia l Ed. 1,169,049 1,190,969 1,214,788 T ra nsport.Sub. 395,143 406,997 419,207 Socia l Se curity 449,738 554,753 510,956 R e tire me nt 2,202,374 2,448,592 2,717,491 D e bt Subsidy 351,981 564,095 385,703 Othe r Sta te 1,035,000 600,000 624,000 T ota l Sta te 15,130,913 15,567,687 16,036,610 Fe d.Sub./Sch.Inte rve n 1,482,969 1,245,356 1,282,717 Era te Funds T OT AL R EV. 24,109,680 24,178,235 24,869,079

• End. Fund Ba l.

($1,947,306) (1,796,050) (1,849,130) R e v. ove r Exp. $651,619 151,256 (53,080) One time subsidy va lue of mill 170,616 169,644 168,677 milla ge 27.477 27.477 27.477 mills Ave r. T a x incre a se $0.00 $0.00 $0.00

STEELTON-HIGHSPIRE SCHOOL DISTRICT

Expenditure Detail by Department

Transporation/Other Pur. Ser 510Student Transportation Services 5,078 513Transportation Contracted Carriers 333,116 516Student Transportation Services IU

• 523General Property and Liability Insurance

209,000 529Other Insurance

• 530Communications

156,271 549Other Advertising/Public Relations 297 580Travel 5,827 595IU Payment by Withholding 106,411 599Other Misc Purchased Services

• 816,000

Supplies/Books/Software 610General Supplies 455,682 630Food

• 640Books And Periodicals

100,424 650Supplies & Fees - Technology Related 29,484 585,589 Energy 620Energy 357,000 357,000 Equipment 751Equipment - Original 24,466 761Equipment - Replacement 534 25,000 Fees/Reserves/Misc 810Dues and Fees 50,000 50,000 Debt Service 830Interest 1,148,114 890Miscellaneous Expenditures 957 910Redemption of Principal 1,518,484 2,667,555

Salaries 100 salaries 8,758,055 8,758,055 Healthcare 210 Healthcare 2,329,814 2,329,814 Retirement 230 PSERS Retirement 2,957,237 2,957,237 Social Security/Misc 220 Social Security 528,043 240 Tuition Reimbursement 129,112 250 Unemployment Comp

• 260 Workers' Compensation

2,713 290 Other Benefits 1,708 661,576

• Prof. Services

322 Prof Ed Serv IU 685,325 329 Prof Ed Serv Other 329,677 330 Other Prof Serv 159,204 350 Security/Safety Services

• 390 Other Purchased Prof and Technical

146,120 1,320,326 Property Services/Utilities 410 Cleaning Services 40,019 420 Utility Services 36,427 430 Repairs & Maintenance 97,571 440 Rentals 55,678 460 Extermination Services 3,095 490 Other Purchased Property Services 440 233,230 Tuition to Schools 561 Tuition to Other School District In State 406,036 562 Tuition to PA Charter Schools 2,267,653 564 Tuition to Career & Technology Centers 311,790 566 Tuition to Higher Education/Technical Inst 50,488 568 Tuition to PRRI Detention Centers 229,630 569 Tuition Other

• 3,265,597

STEELTON-HIGHSPIRE SCHOOL DISTRICT

20% 4% 4% 1% 1% 2% 1% 37% 5% 2% 2% 10% 2% 2% 5%

2020-21 SHSD Budget- Revenues

Real Estate/Int. Wage&Income Delinquent Tax IDEA pass through Other Local Property Tax Rel. PA Block Grant Basic Instruction Special Ed. Transport.Sub. Social Security Retirement Debt Subsidy Other State Fed.Sub./Sch.Interven

STEELTON-HIGHSPIRE SCHOOL DISTRICT

STEELTON-HIGHSPIRE SCHOOL DISTRICT

20-21 Budget Projection with 0% Proposed Tax Increase

Revenue

20-21 proj. R e a l Esta te /Int. 4,816,965 W a ge &Income 977,453 D e linque nt T a x 1,070,575 ID EA pa ss through 265,000 Othe r Loca l 235,198 T ota l Loca l 7,365,192 Prope rty T a x R e l. 395,040 R e a dy to Le a rn 352,679 Ba sic Instruction 9,054,562 Spe cia l Ed. 1,190,969 T ra nsport.Sub. 406,997 Socia l Se curity 554,753 R e tire me nt 2,448,592 D e bt Subsidy 564,095 Othe r Sta te 600,000 T ota l Sta te 15,567,687 Fe d.Sub./Sch.Inte rve n 1,245,356 Era te Funds T OT AL R EV. 24,178,235

Expenditures

20-21 proj. Salaries 8,758,055 Healthcare 2,329,814 Retirement 2,957,237 Soc.Sec./Misc. 661,576 Prof.services 1,320,326 Property ser./utilities 233,230 T uition to Schools 3,265,597 T ransp./other pur.ser. 816,000 Supplies/books/soft. 585,589 Energy 357,000 Equipment 25,000 Fees,reserve,mis. 50,000 Debt service 2,667,555 T OT AL EXP. 24,026,979

T OT AL REV. 24,178,235

• End. Fund Bal.

(1,796,050)

• Rev. over Exp.

151,256 One time subsidy value of mill 169,644 millage 27.477 mills

• Aver. T ax increase

$0.00

Questions/Comments?