Unionville-Chadds Ford School District 2018-19 Proposed Final - - PowerPoint PPT Presentation
Unionville-Chadds Ford School District 2018-19 Proposed Final General Fund Budget General Fund Budget May 7, 2018 Budget Hearing John C. Sanville, Ed.D Superintendent Robert W. Cochran, CPA Joseph L. Deady Dir. of Business & Operations
John C. Sanville, Ed.D
Superintendent
Robert W. Cochran, CPA Joseph L. Deady
Supervisor of Accounting
Link
2.57%
2.56%
Estimate
Estimate
6.07% Chester/Delaware Millage 28.51 25.15 Chester/Delaware % Change (1.56% average) 0.35% 6.43%
– “…taxes levied…in each county shall be subject to …the ratio which such total taxes bears to the most recent valuation of the same properties by the State recent valuation of the same properties by the State Tax Equalization Board (STEB)…”
Expenditures Other Revenues Current Real Estate Taxes Required
Section 672.1(a)(1) of the Public School Code proscribes how the tax burden is shared in multiple county school districts. Pennsylvania Department of Community & Economic Development’s State Tax Equalization Board (STEB) determines the market value, by township, of taxable properties in the School District, which is used to determine tax revenue required School District, which is used to determine tax revenue required from each County (Chester vs. Delaware).
Delaware County 19.944% Chester County 80.056% Current Real Estate Taxes Required
( B u d g e t - t o - B u d g e t )
Salaries & Wages $ 876,339 Benefits 658,731 Building Allocations 2,644 Technology 633,000 Special Education (421,300) Special Education (421,300) Fuels & Utilities (142,000) Debt Service 678,602 Occ Ed, IU & Other Education (Charters) (99,494) Budgetary Reserve (48,424) Other Areas 39,441 Net Change $ 2,177,539
– Central Salaries & Benefits are 72.95% of total costs – Add another 0.84% included in
73.79% – PSERS increase remains the fastest area of growth
72.95%
fastest area of growth – Medical costs have leveled while Rx are rising double digit
– Increased by $700k for additional debt to service 10 year capital plan
– UHS Technology Integration continues – Upgrade to network systems in need of replacement
9.65% Sal & Ben Debt Serv Spec Ed Build Alloc B&G, Trans & Fuels Curr/T ech/Pupl Occ Ed/Charter Budg Resrv Other
65.80%
Education is labor intensive:
delivery & student services
‒ 12.65% “Support” includes Pupil Personnel, Psychologists, Guidance, So cial Workers, Libraries, Curriculum & Nurses & Technology
12.65% 7.14% 10.96% 2.68% 0.76%
Direct Instruction Clsrm Support Administration B&G & Tran Other New Positions
Nurses & Technology
‒ Superintendent’s Office, Principals’ Offices, Business Office & Communications
Transportation Services
‒ Supplementals, Coaches & Crossing Guards
– 2010-11 – 2011-12
– 2010-11 – 2013-14
$20 $25 $30 $35 $40
Millions
– 2013-14
– 2011-12 – 2012-13
‒ UHS Autistic Support Teacher ‒ Additional Supplementals
$0 $5 $10 $15
Direct Instruction Clsrm Support Administration B&G & Tran Other New
3.00% 4.00% 5.00% 6.00% 0.00% 1.00% 2.00% 3.00% 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Teachers Support Administration
4,085 4,047 4,018 4,021 4,000 3,957 3,906 3,938 3,962 3,971
3,250 3,500 3,750 4,000
History Projection
2,000 2,250 2,500 2,750 3,000 3,250
$15 $20 $25
Millions
– Medical plan rate unchanged – Prescription rates increased 11.53% – Healthcare Trust Fund
prescription gross premium
$0 $5 $10
Millions
FICA Med/Rx/Dent Health Fund PSERS Tuition Other New (net)
point is 125% for medical and prescription gross premium
– 33.43% vs. 32.57% of payroll – Exceeds 50% of total benefits costs – Projected to peak in 2022-23 at 36.32% of payroll
20% 25% 30% 35% 40% 0% 5% 10% 15% 20%
2011 Projections 2012 Projections 2013 Projections 2014 Projections 2015 Projections 2016 Projections 2017 Projection History Employee
15% 20% 25% 30% $1,000 $1,200 $1,400 $1,600 Annual Percent Increase
0% 5% 10% $0 $200 $400 $600 $800 $1,000 1999- 00 2000- 01 2001- 02 2002- 03 2003- 04 2004- 05 2005- 06 2006- 07 2007- 08 2008- 09 2009- 10 2010- 11 2011- 12 2012- 13 2013- 14 2014- 15 2015- 16 2016- 17 2017- 18 2018- 19 Annual Percent Increase
20% 30% 40% 50% $240 $300 $360
0% 10% 20% $0 $60 $120 $180 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Annual Percent Increase
$5 $6 $7 $8
Millions
$0 $1 $2 $3 $4
Millions
Series of 2009 Series of 2010AA Series of 2015 Series of 2016 New Issue
$7 $8 $9 $10 $11 $12 $13
Millions
2018-19 $13,140,805 1999-00 $2,683,624
$0 $1 $2 $3 $4 $5 $6
Millions
Federal (IDEA, ACCESS & ARRA) State Funded Local Funded
Expenditures Other Revenues Current Real Estate Taxes Required
– $71,329,518 – 81.90% of total – Includes the effect of estimated State Property Tax Reduction
Real Estate 76.02%
Reduction
– $15,587,585 – 17.90% of total – Includes Governor’s proposed 2018-19 funding levels
– $176,437 – 0.20% of total
Other Local 5.88% State 17.90% Federal & Other 0.20%
$2.0 $2.5 $3.0 $3.5
Millions
construction and additions
$0.0 $0.5 $1.0 $1.5
Millions
Delinquent Taxes Transfer Taxes Interim Taxes
2017-18 Estimated State Funding 2018-19 Governor’s Proposal Favorable/ (Unfavorable) Basic Education Funding (BEF) $3,273,135 $3,298,523 $ 25,388 Special Education Funding (SEF) 1,647,979 1,658,539 10,560 Block Grant Funding (RTL) 127,325 127,325 Total Revenues 35,948 Total Revenues 35,948 Budgetary Reserve for State Budget Uncertainty ( 35,948) Net Impact to UCFSD Budget $
These amounts, proposed in Governor Wolfe’s 2018-19 budget in February, provide modest increases in Basic Education and Special Education funding.
$7 $8 $9 $10 $11 $12 $13
Millions
1999-00
$0 $1 $2 $3 $4 $5 $6 $7
Millions
Federal (IDEA, ACCESS & ARRA) State Funded Local Funded
1999-00 $1,353,730 2018-19 $1,658,539
Section 672.1(a)(1) of the Public School Code proscribes how the tax burden is shared in multiple county school districts. Pennsylvania Department of Community & Economic Development’s State Tax Equalization Board (DCED STEB) determines the market value, by township, of taxable properties in the School District, which is used to determine tax revenue in the School District, which is used to determine tax revenue required from each County (Chester vs. Delaware).
Delaware County 19.944% Chester County 80.056% Current Real Estate Taxes Required
Once each county’s share of the revenue is determined based on the market values, the millage is determined by spreading the tax revenue required across the taxable assessed value determined by the respective county’s tax assessment office.
Delaware County share of real estate tax revenue Millage rate per dollar of assessed value Aggregate taxable assessed value of county properties
2% 3% 4% 5% 6% 7%
Current Proposed
– Chester County 28.41 28.51 – Delaware County 23.63 25.15
17-18 18-19
– Chester County 2.60% 0.35% – Delaware County 0.30% 6.43% – Weighted Average 2.16% 1.56%
0% 1% 2%
Chester Delaware
– Weighted Average 2.16% 1.56%
– Chester County $191.29 $ 26.61 – Delaware County 18.31 397.73
– Chester County 3.64% – Delaware County 3.78% – Weighted Average 3.68%
(2 year lag from State)
10% 12% 14% 16%
Annual Percent Change
19.0% 19.5% 20.0%
Delaware County Share
0% 2% 4% 6% 8% Chester Delaware 17.5% 18.0% 18.5% 19.0%
19.043% 19.091% 19.800% 19.305% 19.179% 19.116% 19.141% 19.168% 19.058% 19.944%
Delaware Chester
(current tax year from Counties)
increase of 0.52%
– 0.58% in Chester County – 0.32% in Delaware County
2.00% 3.00% 4.00% 5.00%
Newlin Townships lost assessed value
Township exceeded 1.0% assessed value growth
slowed
0.00% 1.00% 2.00%
Chester Delaware
2% 3% 4% 5% 6% 7%
– Market value ratio change – Assessed value growth/(decline) – Expenditures growth/(decline) – Other revenues growth/(decline) – Targeted fund balance
0% 1% 2%
Chester Delaware
change between counties has varied:
– Low 0.06% percentage points 1997-98 – High 9.94% percentage points 2008-09 – Current year 6.09% percentage points
5.00% 10.00% 15.00% 15.00 20.00 25.00
0.00% 5.00% 0.00 5.00 10.00
Mills
Chester Mills Delaware Mills Chester % Change Delaware % Change
Retirement Contribution Special Education Total 2018-19 Available $ 13,817 $ 105,163 $ 118,980 Prelim Budget 117,225 Proposed Final
2017-18 Available $ 315,661 $ 593,675 $ 909,336 Prelim Budget 491,535 Final Budget
2016-17 Available $ 629,794 $ 274,840 $ 904,634 Prelim Budget 904,634 Final Budget 144,479
2018-19 State Property Tax $1,488,611 Reduction Allocation Total Homesteads/Farmsteads 6,619
Chester County Homesteads 5,434 Chester County Homesteads 5,434 Chester County Farmsteads 65 Delaware County Homesteads 1,120
Tax Relief per Homestead/Farmstead $225.09
Median Assessed Values Exclusion Amounts Chester County $250,515 $7,895 Delaware County 273,350 8,950
Unassigned Fund Balance is 8.00%, effective 2005-06
District to target Unassigned Fund Balance between 5% and the
4% 5% 6% 7% 8% $3 $4 $5 $6
Millions
Balance between 5% and the state maximum of 8%
have significant impact of the District’s Bond Rating, thus lowering the cost of borrowing
– Moody’s Aa1 – Standard & Poor’s AA
0% 1% 2% 3% 4% $0 $1 $2 $3
Millions
Ending Balance Percent of Expend
budgeted ending fund balance at 9.95%
does not include food
$4 $5 $6 $7 $8 $9
Millions
does not include food service operations or reserve fund:
– Capital Reserve Fund – Capital Projects Fund – Debt Service Fund – Healthcare Trust Fund
$0 $1 $2 $3 $4
Millions
Unassigned Assigned Severence Committed Non Spendable Assigned PSERS Assigned Debt
Capital Reserve Fund is annual funding and
General Fund for capital maintenance, equipment and improvements
– Previously referred to as 5 Year Capital Plan and now includes the 10 Year Capital Plan
Capital Projects Fund represents Bond Proceeds for renovations and
$20 $25 $30 $35 $40 $45
Millions
Proceeds for renovations and improvements Debt Service Reserve Fund is one-time savings from bond refinancing transferred from the General Fund for paying down existing debt or avoiding the incurrence of new debt when doing larger capital projects Healthcare Trust Fund is reserved for self- funding of medical, prescription and dental employee benefit insurances
$0 $5 $10 $15 $20
Millions
Healthcare Trust Capital Reserve Capital Projects Debt Service
– Tuesday, May 8 at 7:00pm District Office - Public Meeting Room (if needed) – Wednesday, May 9 at 7:00pm District Office – Public Meeting Room (if needed)
– On or before Friday, May 11 for distribution to Board Members
Board Approve Proposed Final Budget
– Monday, May 14 at 7:30pm Board Work Session District Office – Public Meeting Room
– Available on or before Tuesday, May 29 (20 days before final adoption)
– Monday, June 18 at 7:30pm Board Regular Meeting District Office – Public Meeting Room