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Middle Bucks Institute of Technology

Middle Bucks Institute of Technology. February 14, 2011 2011/2012 proposed budget. New Initiatives. Expand Health Occupations – Health Sciences Hire new full time instructor High demand programs currently fully enrolled Expand Culinary Arts Hire half-time instructor Use Food Court

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Middle Bucks Institute of Technology

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  1. Middle Bucks Instituteof Technology February 14, 2011 2011/2012 proposed budget

  2. New Initiatives • Expand Health Occupations – Health Sciences • Hire new full time instructor • High demand programs currently fully enrolled • Expand Culinary Arts • Hire half-time instructor • Use Food Court • Start new Building Trades Program • Use current Construction Carpentry Instructor • Use existing lab with minimal investment

  3. Challenges • Many unknowns: • Teachers’ salaries • 2 out of 4 Member SD are negotiating • Medical & Prescription benefit cost • First Look - November 2010 - 27.67% Increase • Second Look – May 2011 • PSERS • Projected rates - Certified rate set at 8.65% • Pension reform – Passed in December 2010

  4. Assumptions • Salaries & Wages • Teachers - updated for contract settlement @ NHSD • Administrative & Support Staff - 2% increase • Medical & Prescription Benefits - used 19% for rate increase • PSERS – used certified rate 8.65% • Dental - net reduction for expected claims • Workers’ Compensation - level with current year

  5. Overall Budget Change2011/12 vs. 2010/11 • General Fund + Lease Rental = $109,481 increase • $9,651,216 vs. $9,541,735 • Increase = 1.15%

  6. General Fund & Lease Rental

  7. General Fund – Receipts from Members2011/12 vs. 2010/11 • Member District Increase = $115,682 • $7,052,697 vs. $6,937,015 • Increase = 1.67% • Allocated using 3 year averaging of ADM

  8. Proposed Member Contributions

  9. General Fund Expenditures2011/12 vs. 2010/11 • Expenditure Budget Increase = 1.38% • $8,185,717 vs. $8,074,685 • Increase $111,032

  10. Components of Increase New teaching position $ 87,236 Net increase – salaries & wages $ 107,527 Net increase – health insurance $63,659 Net decrease - dental claims ($26,846) Net increase - PSERS $27,042 Supplies for new Health program $9,580 Decrease in Electricity & Natural Gas ($65,000) All other ($92,166) Net increase $111,032

  11. OTHER BUDGETS • Capital Reserve Fund • Funded at discretion of Executive Council using unspent current year budget contribution – proposed $75,000 • Funds to be used for acquisition of program equipment & capital repairs and maintenance to facilities Traffic signal $30,000 Digital Road Sign $75,000 Matching funds $100,000

  12. OTHER BUDGETS • Adult Education $152,800 vs. $152,990 • Fall & Spring Evening Programs • Industry Specific Training • Production Fund $ 302,960 vs. $353,850 • Live work • Student Built Modular House • Aspirations • Salon Extreme • Student fees • MBIT Summer School & Summer Enrichment Camp

  13. OTHER BUDGETS : PROPRIETARY & FIDUCIARY • Proprietary • Li’L Bucks Preschool in Learning • Programs for Toddlers & Preschool children • Fiduciary • Student Activities Fund • Skills USA • HOSA

  14. Next Step • Finalize General Fund & Lease Rental Budget • March 14, 2011 Executive Council Meeting • Finalize Other Budgets • March 14, 2011 Executive Council Meeting • Questions

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