SHARPSVILLE AREA SCHOOL DISTRICT PROPOSED GENERAL FUND BUDGET 2015-2016 1 | P a g e
AT A GLANCE The 2015-2016 Proposed General Fund Budget INCREASE/(DECREASE) BUDGET BUDGET GENERAL FUND 2014-15 2015-16 DOLLAR PERCENT exhibits a 4.3% growth in revenues and a 5.5% REVENUES 15,151,245 15,802,538 651,293 4.3% increase in expenditures. The budget as presented requires a commitment of $780,344 of the EXPENSES 15,722,745 16,582,882 860,137 5.5% District's fund balance to balance the budget. FUND BALANCE NEEDED (571,500) (780,344) WORTH NOTING REVENUES at the local level reflect an increase of $133,212, or 2.6%. A 1.98 mill increase, the maximum permitted under Act 1, accounts for the lion's share of the increase in local revenue sources. Wage tax collections continue to show some stability trending level with the 2014-15 collections. In budgetary dollars, a reduction of $21,550 was made to reflect the current collection rate. Realty Transfer and Delinquent taxes depict a budgetary increase of $31,446 collectively based on historical collections. Tuition income is expected to increase based on current non-resident enrollment and the increased tuition rate, although fair share tuition is expected to decline. No allocation was included for international students. It should be noted that federal revenues received as pass-through funds from the Midwestern R Intermediate Unit are listed are federal revenues for presentation purposes, but are included as local revenues in the E budget document submitted to the state as required by the PA Department of Education. V E Overall, state revenues are budgeted at a 5.1% increase generating $485,428 in new dollars. Governor Wolf's proposed budget includes the restoration of $325,405 in the District's Basic and Special Education Subsidies. The previous Ready to N Learn/Accountability Block Grant allocation has been rolled into the Basic Education subsidy. The budgetary increase in U the Basic Education Subsidy/Block Grant allocation is $117,492 due to a reduction in the actual Block Grant allocation E from the previous year’s budget. The largest revenue increase is a result of the continued spike in the PSERS retirement S contribution. The District receives a 50% reimbursement of PSERS expenses for employees hired before 1994, and a reimbursement equal to the District's aid ratio (currently 72.77%) on those employees hired after said date. Federal revenues show an 8.3% increase. The District plans to utilize Title I carry-over funds to support technology at the elementary level. The Medical Access Program has shown some improved growth in funds available. The District plans to utilize those funds to add a sensory room for use by the special needs classrooms at the elementary. Overall, EXPENDITURES grew by 5.5% or $860,137. Wages and payroll costs represent over 70% of the proposed E increase, with the largest share a result of the expected increase in the District's retirement contribution. The retirement X rate is set annually by the PSERS Board of Directors and is out of the District's control. Without a legislative change in how P it is calculated, the rate is expected to climb over the next few years to over 30% of District wages. The Northwest School E Health Consortium, in which the District participates for its medical insurance, has established an 8.5% rate increase for N the 2015-16 school year. A 12.75% increase in funding was projected based on anticipated claims, but the consortium voted by a narrow margin to underfund the increase. Based on this decision, it is anticipated that the increase for 2016-17 D will be equal to or higher than the increase for this year. As a result of concessions negotiated by the Sharpsville Area I Education Association and the Board of Education, the rate increase for their insurance plan is only 5.5% due to said T concessions. U R Two one- time expenses are new to the budget including new band uniforms and the upgrade of the District’s current network infrastructure in the amount of $50,675 and $50,000 respectively. The network upgrades are contingent upon E the District receiving E-rate funding of approximately $70,000. It is worth noting that the construction for the relocation S of the administrative offices has not impacted the budget. The debt payments of the new loan along with the refinancing of an existing loan have been structured to represent the rent for our current office space. The District will be free of rent/debt for the administrative offices in 9 years. 2 | P a g e
STAFFING Current staffing levels are indicated in the chart to Category Full-time Part-time the right. There are currently 124 full-time and 24 part-time permanent employees. Coaching and other Administrative/Supervisory 8 temporary positions are not included. It is anticipated Teaching (SAEA Members) 81 that there will be two (2) professional vacancies as the result of one retirement and one promotion. Confidential 4 Three (3) vacancies are expected at the support staff Nurse Technician 1 level including two secretarial/administrative Secretarial 5 assistant positions and one cleaning position as a result of retirements. How these positions will be Custodial/Cleaning 13 filled for the upcoming year will continue to be Instructional Aides 12 2 evaluated. Maintaining these positions in their Cafeteria 0 22 current state wil l be at the Board’s discretion. Total 124 24 ENROLLMENT The following graph shows a 15 year enrollment history based on the October 1 annual enrollment reports. Student enrollment shows a slight decrease of 2.3% over the past five years. The Ungraded (UG) category was reported during the 2009-2010 school year with the addition of Midwestern JU IV Special Education Classrooms. Beginning with the 2013-14 years, PIMS required all students to be assigned to a grade level. SCHOOL YEAR Sch Yr Grade 01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 K 92 86 102 93 110 87 87 86 116 77 87 84 86 73 85 1 88 93 88 105 104 105 97 94 88 115 82 93 90 89 79 2 90 90 90 92 117 102 110 105 92 94 115 83 94 89 89 3 98 94 89 95 99 108 105 106 102 93 96 119 82 98 89 4 99 103 102 89 97 102 104 103 104 108 98 94 122 87 98 5 93 105 102 98 90 97 106 106 106 109 108 104 99 124 87 UG 11 12 11 6 0 0 0 Total 560 571 573 572 617 601 609 600 619 608 597 583 573 560 527 ES 6 124 97 109 105 109 92 98 107 110 111 106 105 100 96 124 7 131 125 105 117 110 112 100 95 113 109 109 105 107 105 96 8 101 123 128 108 116 108 105 101 95 114 106 112 106 109 105 Total 356 345 342 330 335 312 303 303 318 334 321 322 313 310 325 MS 9 106 110 128 133 117 116 111 104 102 98 111 114 109 113 109 10 110 101 95 125 130 115 101 105 100 102 101 110 113 111 113 11 75 95 107 94 125 120 104 98 99 98 96 97 106 112 111 12 96 72 93 102 96 116 111 98 96 96 100 95 95 110 112 Total 387 378 423 454 468 467 427 405 397 394 408 416 423 446 445 HS Total 1303 1294 1338 1356 1420 1380 1339 1308 1334 1336 1326 1321 1309 1316 1297 3 | P a g e
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