2020 – 2021 Proposed Preliminary Budget Presentation January 13, 2020
• District Goals • Providing equity, access, and excellence in educational programming • Continuing our curriculum improvement cycle focusing on increased rigor, innovation in academic programming, and alignment with new State standards and emerging best practices; maintaining a high quality professional development program to further enhance teacher capacity, collaborative professional learning and instructional leadership to meet student needs and support every student’s achievement.
• District Goals (Continued) • Reimagining our educational program in ways that will yield recommendations for repurposing education, fostering innovation in academic programming, supporting every student’s achievement, and containing growth in District costs • Prioritizing the study of adolescent sleep needs and later school start times • Continuing to close the structural deficit within our General Fund budget • Refining our needs and developing funding plan(s) for our five- year long-range facility plan
• Operating Budget Development • Revenue Structures • School and Department Budget Parameters • Major Cost Drivers
• 2020-2021 Expenditure Budget by Function Debt Service, Activities & Budgetary Reserve, 8.79% Athletics, 0.46% , $400,000 $7,658,993 1.96% $1,711,755 Instructional Programs, 59.56%, Support Services, $51,892,505 29.23%, $25,466,128 Total - $87,129,381
• 2020-2021 Expenditure Budget by Object Budgetary Reserve, Principal, Interest, Fees, $400,000, 0.46% 9.88% , $8,610,651 Supplies & Equipment, 3.10% $2,699,986 Salaries, 42.08%, Purchased Services, $36,660,436 16.52% $14,394,324 Benefits, 27.96%, $24,363,984 Total - $87,129,381
• 2020-2021 Budget – PSERS Effect School Year PSERS Rate % of Increase WSSD Cost State Revenue Net Incr from Prior Yr 2009-10 4.78% 0.4% $ 1,459,676 $ 729,838 $ 46,241 2010-11 5.64% 18.0% $ 1,750,638 $ 875,319 $145,481 2011-12 8.65% 53.4% $ 2,735,248 $1,367,624 $492,305 2012-13 12.36% 42.9% $ 3,959,924 $1,979,962 $612,338 2013-14 16.93% 36.9% $ 5,409,366 $2,704,683 $724,721 2014-15 21.40% 26.4% $ 6,900,417 $3,450,209 $745,525 2015-16 25.84% 20.7% $ 8,426,611 $4,213,305 $763,098 2016-17 30.03% 16.2% $ 9,861,724 $4,930,862 $717,557 2017-18 32.57% 8.5% $10,838,509 $5,419,254 $488,392 2018-19 33.43% 2.6% $11,377,492 $5,670,499 $251,245 2019-20 34.29% 2.6% $12,085,980 $6,087,773 $417,274 2020-21 34.51% 0.64% $12,607,935 $6,303,968 $216,195 Total Growth 621.97%
• 2020-2021 Budget – PSERS Effect (continued) • Employer Contribution Rate Composition • Normal Cost Rate 7.37% • Act 5 Contribution 0.18% • Healthcare Contribution 0.82% • Total Employer Rate 8.37% • Unfunded Pension Liability 26.14% • Total Employer Contribution Rate 34.51%
• 2020-2021 Budget – Special Education SPECIAL EDUCATION COSTS: 2012-13 TO 2018-19 IN THOUSANDS $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $15,882 $14,909 $13,997 $13,790 $13,557 $6,000 $11,886 $11,336 $4,000 State & Federal Subsidies $2,000 $0 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
• 2020-2021 Revenue Budget Federal, 0.35% $303,192 State, 19.59%, $16,885,586 Local, 80.06%, $69,024,508 Total - $86,213,286
• Education Revenue Sources Percent Percent • of Revenue of Revenue • from State from Local • Sources Rank Sources Rank • • National Avg. 47.1% - 44.9% - • Delaware 59.2% 13th 34.5% 33rd • West Virginia 53.9% 21th 34.5% 33rd • Maryland 43.6% 31th 50.7% 15th • New Jersey 41.0% 36th 54.9% 6th • New York 40.6% 37th 53.9% 9th • Ohio 40.3% 39rd 52.6% 12th • Pennsylvania 38.7% 44th 54.9% 7th U.S. Census Bureau, Public Education Finances 2017 in May 2019
• Education Revenue Sources (Continued) Percent of Total Assessed Property Value - Delaware County School District Residential % All Other % Wallingford-Swarthmore 94% 6% Haverford Township 90% 10% William Penn 85% 15% Penn Delco 84% 16% Upper Darby 80% 20% Rose Tree Media 79% 21% Marple Newtown 78% 22% Radnor Township 78% 22% Springfield 76% 24% Southeast Delco 75% 25% Garnet Valley 74% 26% Ridley 74% 26% Chichester 67% 33% Interboro 58% 42% Chester-Upland 45% 55% Grand Total 78% 22% State Tax Equalization Board – Land Use Report 2018
• 2020-2021 Revenue Budget Revenues Compared to 19-20 Budget Local $2,239,371 State 443,713 Federal (44,821) $2,638,263 Total Revenue Change 3.16%
• Delicate Balancing Act TAXPAYERS Minimize burden on local support FUND BALANCE Maintain appropriate level of reserves to protect against uncertainties TIME Provide the opportunity to reimagine educational program without sacrificing excellence
• Act 1 of 2006 and How it Works • Act 1 Index for 2020-2021 2.6% • Adjusted Act 1 Index not eligible • Act 1 Exception • School Construction – Grandfathered debt not eligible • Retirement Contribution not eligible • Special Education Expenditures eligible
• Proposed 2020-2021 Local Taxes • Act 1 Index for 2020-2021 2.6% $1,678,943 • District is eligible for Act 1 Exception • Special Education 0.8% 539,791 • Total % tax increase 3.4% $2,218,734
• Fund Balance • General Fund • At the end of 2018-2019, General Fund Balance $9,004,802 • Nonspendable – Prepaid Items ( 138,738) • Committed (2,550,000) • Budgetary Shortfall ( 830,792) • Unassigned Fund Balance $5,485,272 • Capital Reserve • At the end of 2018-2019, Capital Reserve Balance $7,158,213
• What’s Next? • January 27, 2020 Board action on Proposed Preliminary Budget • February 4, 2020 Governor Wolf to present Governor’s budget • February 24, 2020 Capital Projects Presentation • May 11, 2020 Proposed Final Budget Presentation • May 26, 2020 Board action on Proposed Final Budget • June 8, 2020 Final Budget Presentation • June 22, 2020 Board action on Final Budget
2020-2021 Proposed Preliminary Budget Presentation Questions???
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