Peters Township School District Preliminary Budget 2020-2021 - PDF document

Peters Township School District Preliminary Budget 2020-2021 February 3, 2020

Peters Township School District Preliminary Budget 2020-2021 February 3, 2020 School Board Finance Committee AGENDA I. Enrollment II. Five Year Projection III. Revenues IV. Expenditures V. Public Comment

Peters Township School District Preliminary Budget 2020-2021 February 3, 2020 Maintaining a High-Performing Sustainable School District  It is our obligation to provide a high-quality educational experience for our children while spending within our means.  We will align and use our resources to ensure that all of our children achieve academic excellence and strength of character.  We will be guided by the human, academic, and community impact of our financial decisions.  We will be good fiscal stewards of all resources entrusted to us.

Peters Township School District Preliminary Budget 2020-2021 February 3, 2020 ENROLLMENT KEY POINTS TO NOTE:  District Enrollment - We project level enrollment through 2022-2023 with a projected increase in 2023-2024.  Grades K-3 Enrollment – We project slight increases over the next several years.  Grades 4-6 Enrollment - We project slight increases through 2022-2023.  Grades 7-8 Enrollment - Projected enrollment is up in 2020-2021 with small increases through 2023-2024.  Grades 9-12 Enrollment – We project continued decreases in enrollment though 2022-2023.

PETERS TOWNSHIP ENROLLMENT PROJECTIONS ‐ 4 YEARS ACTUAL & 4 YEARS PROJECTED 2016 ‐ 2017 2017 ‐ 2018 2018 ‐ 2019 2019 ‐ 2020 2020 ‐ 2021 2021 ‐ 2022 2022 ‐ 2023 2023 ‐ 2024 PROJECTED PROJECTED PROJECTED ACTUAL ACTUAL ACTUAL ACTUAL PROJECTED BOWER HILL ELEMENTARY KINDERGARTEN 141 150 173 155 165 165 170 170 FIRST GRADE 196 154 157 183 167 177 177 182 SECOND GRADE 176 196 164 165 185 169 179 179 THIRD GRADE 184 179 197 173 170 190 174 184 TOTAL 697 679 691 676 687 701 700 715 PLEASANT VALLEY ELEMENTARY KINDERGARTEN 104 101 110 96 110 110 105 105 FIRST GRADE 91 111 110 122 104 113 113 108 SECOND GRADE 97 92 111 111 124 109 118 118 THIRD GRADE 104 103 100 114 114 127 112 121 TOTAL 396 407 431 443 452 459 448 452 TOTAL K ‐ 3 ENROLLMENT KINDERGARTEN 245 251 283 251 275 275 275 275 FIRST GRADE 287 265 267 305 271 290 290 290 SECOND GRADE 273 288 275 276 309 278 297 297 THIRD GRADE 288 282 297 287 284 317 286 305 TOTAL 1093 1086 1122 1119 1139 1160 1148 1167 MCMURRAY ELEMENTARY FOURTH GRADE 310 289 296 297 293 290 323 292 FIFTH GRADE 293 308 295 299 301 297 294 327 SIXTH GRADE 293 286 316 292 302 306 302 299 _______ _______ _______ _______ TOTAL 896 883 907 888 896 893 919 918 MIDDLE SCHOOL SEVENTH GRADE 343 296 287 320 305 315 319 315 EIGHTH GRADE 356 339 297 288 323 308 318 322 _______ _______ _______ _______ TOTAL 699 635 584 608 628 623 637 637 HIGH SCHOOL NINTH GRADE 351 374 364 303 306 341 326 336 TENTH GRADE 386 350 371 363 305 308 343 328 ELEVENTH GRADE 340 385 339 370 363 305 308 343 TWELFTH GRADE 340 339 376 338 366 359 301 304 _______ _______ _______ _______ TOTAL 1417 1448 1450 1374 1340 1313 1278 1311 TOTAL ENROLLMENT ELEMENTARY 1989 1969 2029 2007 2035 2053 2067 2085 MIDDLE SCHOOL 699 635 584 608 628 623 637 637 H.S.& W.A.C.T.C. 1417 1448 1450 1374 1340 1313 1278 1311 _______ _______ _______ _______ TOTAL 4105 4052 4063 3989 4003 3989 3982 4033 INC. (DEC.) (4) (53) 11 (74) 14 (14) (7) 51

Peters Township School District January 2020 Enrollment ‐ September 2020 Projected 1/24/2020 CURRENT PROJECTED CLASS SIZE CLASS SIZE 2019-20 All 2020-21 All JAN. 2019-20 JAN Support SEPT. 2020-21 SEPT Support SCHOOL GRADE 2020 TEACHERS CL/SIZE Teachers 2020 TEACHERS CL/SIZE Teachers Bower Hill Kinderg. 155 165 4 19.38 Speech - 1 4 20.63 Speech - 1 Grade 1 185 167 8 23.13 Cst -1 7 23.86 Cst -1 Grade 2 162 7 23.14 Ist - 1 185 8 23.13 Ist - 1 Grade 3 174 170 7 24.86 LS - 4 7 24.29 LS - 4 ______ ______ Gifted - 1 Gifted - 1 676 26 687 26 TOTAL B.H. 22.53 22.90 Pleasant Valley Kinderg. 96 2.5 Title I ‐ 1 110 2.5 Title I ‐ 1 19.20 22.00 Grade 1 121 5 104 5 24.20 Speech - .9 20.80 Speech - .9 Grade 2 109 5 124 5 21.80 LS - 2 24.80 LS/Cst - 2 Grade 3 114 5 114 5 22.80 Gifted - .75 22.80 Gifted - .75 ______ ______ TOTAL P.V. 440 17.5 22.00 452 17.5 22.60 K-3 TOTALS Kinderg. 251 6.5 275 6.5 19.31 21.15 Grade 1 306 13 23.54 271 12 22.58 Grade 2 271 12 309 13 22.58 23.77 Grade 3 288 12 284 12 24.00 23.67 ______ ______ TOTAL K-3 1116 43.5 22.32 1139 43.5 22.78 Title I-1 Title I-1 McMurray Gifted - 2 Gifted - 2 Grade 4 298 12 24.83 Speech - 1 293 12 24.42 Speech - 1 Grade 5 296 12 301 12 24.67 Cst - 1 25.08 Cst - 1 Grade 6 295 12 302 12 24.58 Ist - .5 25.17 Ist - .5 ______ ______ LS - 6.5 LS - 6.5 TOTAL McM 889 36 24.69 896 36 24.89 TOTAL K-6 2005 79.5 23.31 2035 79.5 23.66 Middle School Grade 7 318 305 Grade 8 286 323 ______ ______ TOTAL 604 628 High School Total Regular CTC Total Regular CTC Grade 9 301 301 0 306 306 0 Grade 10 362 349 13 305 292 13 Grade 11 370 357 13 363 350 13 Grade 12 337 327 10 366 356 10 ______ ______ ______ ______ ______ ______ TOTAL 1370 1334 36 1340 1304 36 ______ ______ GRAND TOTAL 3979 4003 * Special education students are included in total enrollment and class ‐ size calculation. * Special education teachers are not included in the class ‐ size calculation. * All Support teachers are not included in the class ‐ size calculation.

Stewman Demographic Study: 2017 Historical and Projected Enrollment (Scenario IV) District ‐ Wide Enrollment 4464 4474 4495 4500 4412 4383 4400 4337 4276 4300 4219 4196 4200 4103 4110 4101 4100 4019 4000 3957 3880 3897 3916 3914 3899 3912 3900 3800 3700 3600 3500 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Peters Township School District 9/3/2019 Financial Projections Projected Annual Increases Revenue: 2019 ‐ 2020 2020 ‐ 2021 2021 ‐ 2022 2022 ‐ 2023 2023 ‐ 2024 Millage Increase to Index $959,601 $984,550 $1,010,148 $1,036,412 $1,063,359 Assessment Growth $491,903 $491,903 $491,903 $491,903 $491,903 Earned Income Tax $121,922 $0 $0 $0 $0 State Subsidies $73,790 $0 $0 $0 $0 Retroactive PlanCon $242,238 $0 $0 $0 $0 $1,889,454 $1,476,454 $1,502,052 $1,528,316 $1,555,262 Expenditures: Salaries $875,770 $1,205,327 $846,653 $956,618 $1,075,494 Teacher Retirements (4) $0 ($220,732) ($221,532) ($222,332) ($223,932) Social Security / Retirement $185,751 $208,833 $133,900.92 $159,670.49 $187,130.64 Debt Service ‐ New HS Bonds $537,929 $820,904 $1,427,116 $0 $0 Debt Service ‐ 2020 Bonds $0 $216,537 $467,455 $665,308 $0 Refinancing Savings $0 ($55,369) ($130,824) ($2,818) ($1,215) Healthcare Savings $0 $0 $0 ($300,000) $0 $1,599,450 $2,175,500 $2,522,769 $1,256,446 $1,037,477 Annual Estimated Surplus / (Deficit) $290,005 ($699,046) ($1,020,717) $271,869 $517,785 Rolling Estimated Surplus / (Deficit) ($409,042) ($1,429,759) ($1,157,890) ($640,104)

Peters Township School District Preliminary Budget 2020-2021 February 3, 2020 REVENUES KEY POINTS TO NOTE:  Additional revenue from increases in taxable property is rising slightly, but at a lesser rate than in prior years.  Investment earnings are projected to increase due to rising interest rates.  We have projected all State funding to remain at the same level as 2019 - 2020 with the exception of an increase in retirement reimbursement due to increased rates. Local revenue sources will continue to make up 75% of our total revenues.

DISTRICT REVENUE BY SOURCE Budgeted Projected 2019 ‐ 2020 2020 ‐ 2021 Local Revenue $ 51,587,766 $ 52,363,467 State Revenue $ 16,167,887 $ 16,789,908 Federal Revenue $ 405,000 $ 435,000 Other Revenue $ 1,000 $ 1,000 Total Revenues $ 68,161,653 $ 69,589,375 $435,000 $1,000 $16,789,908 1% 0% 24% $52,363,467 75% Local Revenue State Revenue Federal Revenue Other Revenue

WASHINGTON COUNTY SCHOOL DISTRICTS 2017 ‐ 2018 STATE FUNDING PER STUDENT Total State Per Student SCHOOL DISTRICT Funding Students State Funding Peters Township SD $15,171,171 4,049 $3,747 Canon ‐ McMillan SD $23,394,510 5,297 $4,417 Chartiers ‐ Houston SD $7,986,327 1,160 $6,885 Trinity Area SD $22,037,526 3,151 $6,994 Ringgold SD $23,159,272 2,827 $8,192 Bentworth SD $10,353,517 1,138 $9,098 Charleroi SD $14,379,539 1,508 $9,536 Burgettstown Area SD $10,884,645 1,115 $9,762 Fort Cherry SD $10,121,785 1,033 $9,798 Washington SD $14,766,742 1,466 $10,073 McGuffey SD $16,978,692 1,576 $10,773 California Area SD $10,130,719 886 $11,434 Avella Area SD $6,591,860 543 $12,140 Bethlehem ‐ Center SD $14,164,847 1,164 $12,169 $14,000 $12,140 $12,169 $12,000 $11,434 $10,773 $9,798 $10,073 $9,762 $10,000 $9,536 $9,098 $8,192 $8,000 $6,994 $6,885 $6,000 $4,417 $3,747 $4,000 $2,000 $0