Northern Bedford County School District Budget Presentation June - PowerPoint PPT Presentation

Northern Bedford County School District Budget Presentation June 18, 2019 Budget Committee Randy Wiand, Ex Officio David Chisholm John Eshelman Ralph Scott

REAL ESTATE BUDGETARY OPTIONS Act 1 MILLS TO Index INDEX 0.0320 8.5759 MILLS MAY 1 AV TO revised Act 1 Index INDEX 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.20% $402,337,830.00 8.31000 0.0320 8.5759 8.35 8.39 8.43 8.48 8.52 8.56 8.5759 ESTIMATED RE TAXES AT 94% COLLECTION $3,343,427.37 $3,360,145 $3,376,862 $3,393,579 $3,410,296 $3,427,013 $3,443,730 $3,450,417 LESS PROPERTY TAX RELIEF $324,000.00 $324,000 $324,000 $324,000 $324,000 $324,000 $324,000 $324,000 BUDGETED $2,838,262 $2,853,976 $2,869,690 $2,885,404 $2,901,118 $2,916,832 $2,932,546 $2,938,832 $15,714 $15,714 $15,714 $15,714 $15,714 $15,714 $6,286 REVENUE IMPACT $31,428.22 $47,142.33 $62,856.43 $78,570.54 $94,284.65 $100,570.30 Level Currently budgeted

Property Median Tax bill at 2% Millage 3.2% Difference Difference Homestead type value of Current increase Millage in Tax in Tax / (column a) property millage – not to the increase Increase at Increase at Farmstead type per Mills is Act 1 Index to the Act 2% 3.2% Exemption Assessme 8.31 8.48 1 index (column c- (column c- Allowable nt office (column (column d) 8.5759 d) e) ** based (column off 2019/20 (column b) c) e) calculation $1,662.00 Residential $200,000 $1,696.00 $1,715.81 $34 $53.81 $173 Trailers on $624.91 $75,200 $637.70 $644.91 $12.79 $20.00 $173 owned land Agriculture (20-79.99 acres) dwelling – can include $949.33 mountain/hunt $114,240 $968.76 $979.71 $19.43 $30.38 $173 ing ground but would have to have a “dwelling” Agricultural (80 acres or more) dwelling - can include $832.08 mountain/hunti $100,130 $849.10 $858.70 $17.02 $26.62 $173 ng ground but would have to have a 3 “dwelling”

Items Finalized for Final Budget • Worker compensation policy increased by $4,067 and the Property and Liability packages increased by $3,194. Overall this impact was absorbed in the budget with the decrease in the medical insurance premiums decreasing by 4.23%. • Additional $100,000 to Budgetary Reserve to Special Education

2019/20 Proposed General Fund Budget … At A Glance 6/17 Revenues Expenditures 6000-Local $4,238,836 100 – Personnel $6,119,603 7000-State $9,343,029 200 – Benefits $4,326,264 8000-Federal $ 344,851 300 – Professional Other $581,680 400 – Purchased Property $146,763 500 – Other Purchased Services $1,475,965 600 – Supplies $717,110 700 – Property & Equipment $107,050 800 – Dues & Fees $233,255 900 – Debt $652,244 Total $13,926,716 Total $14,359,932 Deficit -$433,216

Special Education and Charter Impact The total impact of additional Special Education and Charter School Impact for 2019/20 budget is: Special Education Additional Tuition Costs $162,137 Budgeted Additional Personal Care Aids (Learning $88,236 Lamp) Charter School increase over Budgeted $32,990 18/19 Total $283,363 65% of the 300-900 Footprint in 2019/20

Fund Balance Designations • 0840 – Assigned Fund Balance $1,926,006 – PSERS Stabilization Fund YTD Ending Balance • 0830 – Committed Fund Balance $1,496,006 – Accumulated sick leave $375,000 – Technology $250,000 – Capital Projects (not including Capital reserve) $871,000 • Total Committed and Assigned Fund Balance $3,422,006

2019/20 FINAL BUDGET COMPARISON VERSUS 18/19 FINAL BUDGET 19/20 vs REVENUES 2019/20 Budget 2018/19 BUDGET 18/19 Variance 6000Local Funds $4,238,836 $4,124,283 $114,553 7000State Funds $9,343,029 $9,135,623 $207,406 8000Federal Funds $344,851 $308,445 $36,406 Total $13,926,716 $13,568,351 $358,365 2019/20 19/20 vs 18/19 EXPENDITURES BY TOTAL OBJECT Budget 2018/19 BUDGET Variance 100 Personnel and Salaries $6,119,603 $5,913,941 $205,662 200 Personnel Services - Employee Benefits $4,326,264 $4,356,619 ($30,355) 300 Purchased Professional Technical Services $581,680 $527,393 $54,287 400 Purchased Property Services $146,763 $113,980 $32,783 500 Other Purchased Services $1,475,965 $1,280,445 $195,520 600 Supplies $717,110 $749,551 ($32,441) 700 Property $107,050 $57,613 $49,437 800 Other Objects $233,255 $223,085 $10,170 900 Other Financing $652,244 $579,244 ($127,000) Total $14,359,932 $13,801,871 ($458,063) Deficit -$433,216 -$233,520 ($199,693) 300-900 OBJECTS $3,914,067 $3,531,311 $382,756