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School District of Upper Dublin 2014-2015 Preliminary Budget January 13, 2014

School District of Upper Dublin 2014-2015 Preliminary Budget January 13, 2014. 2014-2015 Budget Timeline. Upper Dublin Timeline: January 13 : Board authorizes publication of 2014-15 Preliminary Budget in PDE approved format AND

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School District of Upper Dublin 2014-2015 Preliminary Budget January 13, 2014

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  1. School District of Upper Dublin 2014-2015 Preliminary Budget January 13, 2014
  2. 2014-2015 Budget Timeline Upper Dublin Timeline: January 13: Board authorizes publication of 2014-15 Preliminary Budget in PDE approved format AND Authorizes advertisement of intent to adopt 2014-15 Preliminary Budget on February 10 January 21: Deadline to publish 2014-15 Proposed Preliminary budget in PDE format January 31: Advertise Board’s intent to adopt the 2014-15 Preliminary budget on February 10
  3. 2014-2015 Budget Timeline Upper Dublin Timeline: February 10: Board adopts the 2014-15 Preliminary Budget February 14: Submit Preliminary Budget including tax information to PDE February 27: Deadline to advertise intent to file for exceptions with PDE March 6: Deadline to file for exceptions with PDE March 26: Notification by PDE re: exceptions
  4. 2014-2015 Budget Timeline Upper Dublin Timeline: May 12-The Board: Approves 2014-15 Proposed Final Budget Authorizes the display on May 22 of 2014-15 Final Budget Authorizes advertisement to adopt 2014-15 Final Budget Transfer dollars to Capital Reserve and/or Appropriate June 30, 2014 Fund Balance
  5. 2014-2015 Budget Timeline Upper Dublin Timeline: May 22: Deadline for public inspection of the 2014-2015 Proposed Final Budget June 1: Deadline to advertise intent to adopt 2014-2015 Final Budget June 11: Adoption of the 2014-2015 Final Budget
  6. Revenue Budget Assumptions 4.5% real estate tax increase Earned Income Tax will increase 1% No increase to Basic Education funding No increase in Special Education funding Federal funds remain flat except IDEA will be reduced 5%
  7. 2014-2015 Preliminary Revenue Budget
  8. 2014-2015 Preliminary Revenue Budget
  9. 2014-2015 Preliminary Revenue Budget
  10. 2014-2015 Preliminary Revenue Budget Components of 2014-2015 Preliminary Budget Tax Increase: Act 1 Index 2.10% PSERS Exception* 1.21% Special Ed Exception 1.19% Total 4.50%
  11. Expenditure Budget Assumptions No salary increases No staffing or program changes No retirements PSERS rate increase from 16.93% to 21.4% Medical Insurance rate increase of 15.9% Rx increase rate increase of 14.75% Budgetary reserve of $250,000 Supply and utility costs stable Building budgets unchanged Includes a HUB Payment of $1,190,000
  12. 2014-2015 Preliminary Expenditure Budget
  13. 2014-2015 Preliminary Expenditure Budget (cont’d)
  14. 2014-2015 Preliminary Expenditure Budget by Function
  15. 2014-2015 Preliminary Expenditure Budget by Object
  16. 2014-2015 Preliminary Expenditure Budget
  17. 2014-2015 Preliminary Expenditure Budget (cont’d)
  18. Challenges and Unknowns State budget- any significant changes? Experience for self-funded medical insurance The Villa Impact of winter weather – Repairs, OT, supplies, utilities Ongoing assessment appeals
  19. 2014-2015 Structural Deficit
  20. 2014-2015 Estimated Budget
  21. Questions or Comments
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