MISSION STATEMENT Bristol Township School District will prepare and empower our students to be productive, competitive members in an ever-changing global society
District Beliefs We believe all individuals can learn and achieve. We believe understanding and respecting diversity strengthens our educational community. We believe a safe and healthy learning environment for all is essential for success. We believe in providing high-quality, standards- based instruction for all students. We believe an effective partnership of families, staff and community will improve opportunities for student success. We believe students will be empowered to become life-long learners and effective members of society. We believe all successes should be acknowledged and celebrated.
BUDGET OVERVIEW Preliminary State budget has nominal increases Expenditures: Costs mandated outside the District continue to outpace revenue growth and include: ○ PSERS Retirement Contribution Rates ○ Health Insurance Premiums ○ Special Education Costs
BUDGET OVERVIEW (cont’d) Revenues: Preliminary budget does not include a real estate tax increase State revenues to increase due to: ○ Increase in PSERS and Payroll Tax reimbursement to match 50% of what BTSD pays ○ Slight increases in Basic Education Subsidies and Special Education Funding ○ Increase in pass-through Pre-K funding Federal revenues to remain flat
2018-20 2019 9 BUDGETED DGETED EX EXPEN PENDITURE DITURES S BY Y OB OBJECT ECT $20,900,495 SALARIES & BENEFITS 15% TUITIONS & PURCHASED SVCS PURCHASED INSTRUCTIONAL $14,359,760 SERVICES DEBT SERVICE 10% BOOKS & SUPPLIES $89,747,180 $10,647,446 , 7% 63% PURCHASED PROPERTY SERVICES $3,583,630 , 3% $2,340,498 , 2%
HISTORICAL COST DRIVERS Actual Actual Actual Actual Budget Budget 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 PENSION $ 9,243,028 $ 11,326,944 $ 13,786,033 $ 15,203,927 $ 17,316,837 $ 18,198,712 SPECIAL EDUCATION (NON- SALARY) $ 10,733,996 $ 11,892,054 $ 12,837,465 $ 14,220,165 $ 15,959,509 $ 16,258,969 CHARTER SCHOOLS $ 4,072,519 $ 4,330,345 $ 5,394,490 $ 4,759,442 $ 5,552,903 $ 5,627,903 HEALTH CARE COSTS, NET $ 13,252,970 $ 12,855,393 $ 10,626,933 $ 10,967,085 $ 10,862,452 $ 11,329,325 DEBT SERVICE $ 6,690,110 $ 6,010,604 $ 8,275,798 $ 9,098,111 $ 9,864,201 $ 10,556,097 DISTRICT OTHER EXPENSES $ 80,627,417 $ 77,189,932 $ 77,240,915 $ 76,346,394 $ 77,813,884 $ 79,608,003 TOTAL DISTRICT EXPENDITURES $124,620,040 $123,605,272 $128,161,634 $130,595,124 $137,369,786 $141,579,009
MANDATED COST INCREASES Actual Actual Actual Actual Budget Budget 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 PENSION $ 9,243,028 $ 11,326,944 $ 13,786,033 $ 15,203,927 $ 17,316,837 $ 18,198,712 SPECIAL EDUCATION (NON- SALARY) $ 10,733,996 $ 11,892,054 $ 12,837,465 $ 14,220,165 $ 15,959,509 $ 16,258,969 HEALTH CARE COSTS $ 13,252,970 $ 12,855,393 $ 10,626,933 $ 10,967,085 $ 10,862,452 $ 11,329,325 DEBT SERVICE $ 6,690,110 $ 6,010,604 $ 8,275,798 $ 9,098,111 $ 9,864,201 $ 10,556,097 TOTAL DISTRICT EXPENDITURES $ 39,920,104 $ 42,084,995 $ 45,526,229 $ 49,489,288 $ 54,002,999 $ 56,344,103 PERCENTAGE INCREASE Actual Actual Actual Actual Budget Budget 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 43.37% 22.55% 21.71% 10.29% 13.90% 5.09% PENSION SPECIAL EDUCATION (NON- 6.30% 10.79% 7.95% 10.77% 12.23% 1.88% SALARY) 47.34% -3.00% -17.33% 3.20% -0.95% 4.30% HEALTH CARE COSTS, NET 64.40% -10.16% 37.69% 9.94% 8.42% 7.01% DEBT SERVICE 34.83% 5.42% 8.18% 8.71% 9.12% 4.34% TOTAL % INCREASE
HISTORICAL COST DRIVERS 2011-2012 TO 2018-2019 $20,000,000 $18,000,000 $16,000,000 $14,000,000 PENSION $12,000,000 SPECIAL EDUCATION (NON- SALARY) CHARTER SCHOOLS $10,000,000 HEALTH CARE COSTS $8,000,000 DEBT SERVICE $6,000,000 $4,000,000 $2,000,000 $- 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
PSERS CONTRIBUTION RATES
BTSD Debt Schedule TOTAL PRINCIPAL AND INTEREST Aggregate Debt Period Ending Series of 2003 Note Series of 2013 Series of 2016 Series of 2017 Service 6/30/2017 $ 72,720.00 $ 7,660,550.00 $ 591,933.71 $ 976,820.00 $ 9,703,468.39 6/30/2018 72,520.00 7,660,350.00 590,705.00 1,163,780.00 9,888,794.73 6/30/2019 72,240.00 7,663,250.00 594,705.00 1,681,880.00 10,410,240.60 6/30/2020 71,880.00 8,010,500.00 593,105.00 1,679,380.00 10,354,865.00 6/30/2021 72,420.00 8,010,000.00 591,105.00 1,688,880.00 10,362,405.00 6/30/2022 71,860.00 8,012,160.00 593,705.00 1,684,920.00 10,362,645.00 6/30/2023 72,200.00 8,007,110.00 593,955.00 1,678,990.00 10,352,255.00 6/30/2024 72,420.00 8,009,297.50 593,905.00 1,681,165.00 10,356,787.50 6/30/2025 - 8,084,685.00 591,315.00 1,667,165.00 10,343,165.00 6/30/2026 - 8,082,685.00 593,002.50 1,675,615.00 10,351,302.50 6/30/2027 8,083,485.00 594,002.50 1,671,495.00 10,348,982.50 - 6/30/2028 - 8,081,985.00 594,290.00 1,670,475.00 10,346,750.00 6/30/2029 - 8,083,785.00 593,840.00 1,667,737.50 10,345,362.50 6/30/2030 - 8,081,397.50 592,140.00 1,667,562.50 10,341,100.00 6/30/2031 - 8,083,510.00 595,140.00 1,664,862.50 10,343,512.50 6/30/2032 - 8,084,335.00 592,690.00 1,659,550.00 10,336,575.00 6/30/2033 8,082,060.00 594,940.00 1,654,950.00 10,331,950.00 - 6/30/2034 - 8,083,437.50 595,640.00 1,653,550.00 10,332,627.50 6/30/2035 - 8,081,350.00 590,852.50 1,655,150.00 10,327,352.50 6/30/2036 - 8,081,762.50 590,740.00 1,649,950.00 10,322,452.50 6/30/2037 - 8,083,000.00 595,140.00 1,647,750.00 10,325,890.00 6/30/2038 - 8,084,275.00 592,390.00 1,648,350.00 10,325,015.00 6/30/2039 8,084,775.00 594,107.50 1,646,750.00 10,325,632.50 - 6/30/2040 - 8,080,275.00 595,115.00 1,628,250.00 10,303,640.00 6/30/2041 - 8,080,275.00 595,412.50 1,626,000.00 10,301,687.50 6/30/2042 - 8,086,450.00 - 1,620,000.00 9,706,450.00 6/30/2043 - 8,083,200.00 - - 8,083,200.00 $ 651,100.00 $224,371,995.00 $ 14,833,876.21 $ 42,369,144.83 $ 283,828,896.60
OTHER DISTRICT EXPENSES - HISTORICAL DISTRICT OTHER EXPENSES $88,000,000 $86,000,000 $84,000,000 $82,000,000 $80,000,000 $78,000,000 $76,000,000 $74,000,000 $72,000,000 $70,000,000 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
ACT 1 VERSUS MANDATED COST INCREASES Cost Act 1 Increases 2012-2013 2.10% 18.76% 2013-2014 2.20% 20.40% 2014-2015 2.70% 14.55% 2015-2016 2.40% 16.22% 2016-2017 3.10% 8.71% 2017-2018 3.30% 9.12% 2018-2019 3.10% 4.34%
2017-2018 BUDGET TOTAL EXPENDITURES $ 137,369,786 RETIREMENT* 881,875 CBA CONTRACTUAL SALARY INCREASES 1,083,058 INCREASE IN CBA MEDICAL INS. CONTR. (324,504) 758,554 DEBT SERVICE 691,896 HEALTH CARE COSTS 466,873 CURRICULUM 466,617 SPECIAL EDUCATION 299,460 INFORMATION TECHNOLOGY 157,257 TRANSPORTATION 140,942 ALL OTHER BUDGETED DISTRICT COSTS 345,749 2018-2019 BUDGETED TOTAL EXPENDITURES $ 141,579,009 * RETIREMENT TO BE OFFSET BY STATE CONTRIBUTION OF $440,938, NET COST $440,938
BUDGET NOTES Staffing is currently budgeted in line with 2017-2018 No attritional savings have been included Certain expenditures include worst case scenarios Between offsetting interest and increase in principal, debt increased by ~$1.2M
BUDGET NOTES Still waiting on final federal revenue budget to be released – will directly impact the programs they fund
16 - 17 Actual 17 - 18 Budget 18 - 19 Budget 1100 Regular Education 100 Salaries 27,374,280 29,574,578 30,129,438 200 Benefits 16,767,234 18,935,118 19,674,736 300 Purch Prof & Tech Srvs 520,823 757,200 755,900 400 Purch Property Srvs 3,395 11,109 11,109 500 Other Purchased Srvs 2,743,322 3,321,994 3,397,994 600 Supplies 1,015,634 579,496 1,001,993 700 Property 32,714 10,189 10,189 800 Other Objects 0 0 0 48,457,402 53,189,684 54,981,359 1200 Special Education 100 Salaries 8,927,514 8,949,870 9,306,814 200 Benefits 5,461,620 5,536,030 6,078,457 300 Purch Prof & Tech Srvs 11,070,236 11,069,948 11,592,214 400 Purch Property Srvs 0 0 0 500 Other Purchased Srvs 5,343,668 5,439,625 5,211,970 600 Supplies 29,229 71,698 70,091 700 Property 5,354 19,609 13,500 800 Other Objects 0 0 0 30,837,621 31,086,779 32,306,046 1300 Vocational Education 100 Salaries 455,114 558,158 579,256 200 Benefits 278,427 326,062 380,245 300 Purch Prof & Tech Srvs 8,745 10,000 10,000 400 Purch Property Srvs 0 2,900 2,900 500 Other Purchased Srvs 5,532,240 5,416,876 5,416,876 600 Supplies 27,542 48,898 57,244 700 Property 0 3,500 1,000 800 Other Objects 0 0 0 6,302,068 6,366,394 6,447,521
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