Northern Bedford County School District Budget Presentation May 9, 2017
2017/18 Budget Clarifications/Updates • Nothing has changed with the deficit from the April meeting presentation • Expecting to receive a reduction in the Premium ratings from what was given in November from a 12.3% to 8.1% but this is not reflected in this preliminary budget • Potential Teacher Contract/Act 93 ratifications will require adjustments to this budget which may be reflected in the June, 2017 Final Budget presentation. 2
2017/18 Proposed Preliminary General Fund Budget … At A Glance Revenues Expenditures 6000‐Local $4,081,244 100 – Personnel $5,780,202 7000‐State $9,027,497 200 – Benefits $4,391,929 8000‐Federal $ 344,851 300 – Professional Other $381,279 400 – Purchased Property $254,505 500 – Other Purchased Services $1,377,712 600 – Supplies $603,811 700 – Property & Equipment $80,025 800 – Dues & Fees $231,722 900 – Debt $490,038 Total $13,453,592 Total $13,591,223 Deficit $137,631 3
2017/18 Proposed Preliminary General Fund Budget … At A Glance 17/18 vs REVENUES 2017/18 Budget 2016/17 Budget 16/17 Variance 6000Local Funds $4,081,244 $4,136,466 -$55,222 7000State Funds $9,027,497 $9,019,513 $7,984 8000Federal Funds $344,851 $344,851 $0 Total $13,453,592 $13,500,830 -$47,238 2017/18 17/18 vs 16/17 EXPENDITURES BY TOTAL OBJECT Budget 2016/17 Budget Variance 100 Personnel and Salaries $5,780,202 $5,924,804 -$144,602 200 Personnel Services - Employee Benefits $4,391,929 $4,185,696 $206,233 300 Purchased Professional Technical Services $381,279 $413,925 -$32,646 400 Purchased Property Services $254,505 $276,993 -$22,488 500 Other Purchased Services $1,377,712 $1,288,256 $89,456 600 Supplies $603,811 $702,503 -$98,692 700 Property $80,025 $130,236 -$50,211 800 Other Objects $231,722 $301,688 -$69,966 900 Other Financing $490,038 $408,798 $81,240 Total $13,591,223 $13,632,900 -$41,676 Deficit -$137,631 -$132,070 -$5,561 300-900 OBJECTS $3,419,092 $3,522,399
Real Estate Millage • 1% increase real estate millage which is setting the mills at 8.31 is reflected in current budget. • Current millage is 8.23 • Additional revenue of $30,630 net of collection rates • Residential median properties would see increase of $14.18 • Agriculture properties of greater than 80 acres median value would see increase of $22.60 5
Pertinent Ratios used in State BEF Formula • NBC’s 5 Year Median Income per American Census (ACS) used by PDE $52,796 – highest in county, average is $45,869 • NBC’s Average Daily Membership is declining from 1026.714 in 2011/12 to 973.338 in 2014/15 – 3 year average 998.050 • NBC’s proposed Millage is 2 nd lowest in Bedford County at 8.31 – Average is 9.4258 • NBC’s Market Value/Personal Income Ratio is .661 which is the 4 th highest in the county – county average is .6436. This is used in many calculations for subsidies and grants. 6
NBC Food Service – Free/Reduced Percentages Last year at this time our district wide percentage was 44.75%. High School Elementary District Wide Free/Reduced 42.37% 43.67% 43.02% Percentage 10
Equity in School Lunch Pricing • Equity in school lunch pricing is part of the Healthy, Hunger‐Free Kids Act of 2010. Reimbursement from Free and Reduced price meals can not subsides the cost of the paid meal. 11
What this means for NBC lunch prices? What this means for NBC lunch prices? Elementary Middle/High A) Federal Reimbursement for Free $3.16 $3.16 Meals B) Federal Reimbursement for Paid $.30 $.30 Meals C) Equitable Meal Price Target (B‐A) $2.86 $2.86 Current Meal Price $2.05 $2.15 2017/2018 Meal Price to comply $2.15 $2.25
Breakfast and Adult Prices • Student Breakfast price district wide ‐ $1.10 • Student Lunch – Elementary $2.15 – Secondary $2.25 • Adult lunch ‐ $3.50 • Adult breakfast ‐ $1.60
CAPITAL RESERVE 2016/17 ACTIVITY BEGINNING BALANCE JULY 2016 $751,362 ENDING BALANCE MARCH 2017 $739,075 DEBT SERVICE AND SAVINGS IN REFINANCING YEAR TOTAL INTEREST (800) PRINCIPAL TRANSFER TO PAYMENT (900) CAPITAL RESERVE (900) 2017/18 $469,937.50 $87,168.75 $382,168.75 $107,868.75 2018/19 $467,537.50 $81,268.75 $382,268.75 $117,975.00 2019/20 $465,337.50 $75,168.75 $390,168.75 $127,075.00 2020/21 $467,737.50 $68,868.75 $398,868.75 $130,768.75 14
CAPITAL RESERVE POTENTIAL 2017/18 PROJECTS 2017/18 2017/18 Cost Parking lot sealing or paving plan - $30,000 in general $30,000 fund budget now Parking Lot – North and Front Driveway with up to the $110,000 curb Parking Lot – North, Front Drive and replacement of 500 $105,000 feet of bad curbing areas including Elementary Gym/locker rooms--Install lockers (purchased at auction), remove old and install new bleachers (purchased at auction), remove divider and install roll down in MS/HS $9,000 gym Finish exterior lighting upgrades--completed by maintenance $6000 in general fund budget now Upgrade fire detection system in elementary $3,000 Kitchen Project Tilt Skillet, HD Range, Removal of Half Wall, $30,000 fire suppression system, gas lines installation and testing 15
Kitchen • Equipment – State Contract Pricing Carnegie – Cleveland Range Tilting Skillet $16,854 – Southbend HD Range 16” $2,705 • Completion of Kitchen Modifications – Re‐tiling to be completed by Impressive Floors Inc. (asbestos already abated) $2,400 – Maintenance department – plumbing for sink and removal of half wall – includes Hostetler to do the gas line installation and testing $1,750 • Fire Suppression Upgraded – Liberty Fire Solutions $2,533 includes installation of proper equipment and certifications Total $26,242 16
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