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

STEELTON-HIGHSPIRE SCHOOL DISTRICT Delinquent Tax Collection- Portnoff 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

STEELTON-HIGHSPIRE SCHOOL DISTRICT Delinquent Tax Collection- Keystone 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

STEELTON-HIGHSPIRE SCHOOL DISTRICT Delinquent Tax Collection- Dauphin County 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

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 Cyber/Charter Payments by Year 3,500,000 3,330,909 3,265,597 3,201,566 3,152,663 3,060,139 3,057,637 3,000,000 2,819,568 2,500,000 2,208,329 2,120,859 2,000,000 1,500,000 1,000,000 500,000 0 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22

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 24,109,680 24,178,235 24,869,079 T OT AL R EV. ($1,947,306) (1,796,050) (1,849,130) End. Fund Ba l. R e v. ove r Exp. $651,619 151,256 (53,080) One time subsidy 170,616 169,644 168,677 va lue of mill milla ge 27.477 27.477 27.477 mills 0 0 0 Ave r. T a x incre a se $0.00 $0.00 $0.00

STEELTON-HIGHSPIRE SCHOOL DISTRICT Expenditure Detail by Department Salaries Transporation/Other Pur. Ser 100 salaries 8,758,055 8,758,055 510Student Transportation Services 5,078 Healthcare 513Transportation Contracted Carriers 333,116 210 Healthcare 2,329,814 2,329,814 Retirement 516Student Transportation Services IU - 230 PSERS Retirement 2,957,237 2,957,237 523General Property and Liability Insurance 209,000 Social Security/Misc 529Other Insurance - 220 Social Security 528,043 530Communications 156,271 240 Tuition Reimbursement 129,112 549Other Advertising/Public Relations 297 250 Unemployment Comp - 260 Workers' Compensation 2,713 580Travel 5,827 290 Other Benefits 1,708 661,576 595IU Payment by Withholding 106,411 Prof. Services 599Other Misc Purchased Services - 816,000 322 Prof Ed Serv IU 685,325 Supplies/Books/Software 329 Prof Ed Serv Other 329,677 610General Supplies 455,682 330 Other Prof Serv 159,204 630Food - 350 Security/Safety Services - 640Books And Periodicals 100,424 390 Other Purchased Prof and Technical 146,120 1,320,326 Property Services/Utilities 650Supplies & Fees - Technology Related 29,484 585,589 410 Cleaning Services 40,019 Energy 420 Utility Services 36,427 620Energy 357,000 357,000 430 Repairs & Maintenance 97,571 Equipment 440 Rentals 55,678 751Equipment - Original 24,466 460 Extermination Services 3,095 761Equipment - Replacement 534 25,000 490 Other Purchased Property Services 440 233,230 Fees/Reserves/Misc Tuition to Schools 561 Tuition to Other School District In State 406,036 810Dues and Fees 50,000 50,000 562 Tuition to PA Charter Schools 2,267,653 Debt Service 564 Tuition to Career & Technology Centers 311,790 830Interest 1,148,114 566 Tuition to Higher Education/Technical Inst 50,488 890Miscellaneous Expenditures 957 568 Tuition to PRRI Detention Centers 229,630 910Redemption of Principal 1,518,484 2,667,555 569 Tuition Other - 3,265,597

STEELTON-HIGHSPIRE SCHOOL DISTRICT 2020-21 SHSD Budget- Revenues 5% 2% 2% 20% 10% 2% 2% 4% 5% 4% 1% 1% 2% 37% 1% 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. Expenditures 20-21 proj. R e a l Esta te /Int. 4,816,965 Salaries 8,758,055 W a ge &Income 977,453 Healthcare 2,329,814 D e linque nt T a x 1,070,575 ID EA pa ss through 265,000 Retirement 2,957,237 Othe r Loca l 235,198 Soc.Sec./Misc. 661,576 T ota l Loca l 7,365,192 Prof.services 1,320,326 Prope rty T a x R e l. 395,040 R e a dy to Le a rn 352,679 Property ser./utilities 233,230 Ba sic Instruction 9,054,562 T uition to Schools 3,265,597 Spe cia l Ed. 1,190,969 T ransp./other pur.ser. 816,000 T ra nsport.Sub. 406,997 Socia l Se curity 554,753 Supplies/books/soft. 585,589 R e tire me nt 2,448,592 Energy 357,000 D e bt Subsidy 564,095 Equipment 25,000 Othe r Sta te 600,000 T ota l Sta te 15,567,687 Fees,reserve,mis. 50,000 Fe d.Sub./Sch.Inte rve n 1,245,356 Debt service 2,667,555 Era te Funds T OT AL EXP. 24,026,979 T OT AL R EV. 24,178,235 T OT AL REV. 24,178,235 End. Fund Bal. (1,796,050) 151,256 Rev. over Exp. One time subsidy value of mill 169,644 27.477 millage mills 0 $0.00 Aver. T ax increase

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