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BELLEFONTE AREA SCHOOL DISTRICT

The Bellefonte Area School District's Proposed Final Budget for the 2014-2015 school year outlines total revenues of $43,415,000 and total expenditures of $46,200,000. A fund balance of $2,785,000 will be used, leaving an ending fund balance of $3,233,037. Key highlights include a 1.3% increase in salaries, cuts in long-term substitute positions, and a decrease in basic education subsidy by $400,000. The budget also includes allocation details for athletic and food service funds. The implications of state funding changes are also discussed.

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BELLEFONTE AREA SCHOOL DISTRICT

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  1. BELLEFONTE AREA SCHOOL DISTRICT PROPOSED FINAL BUDGET 2014-2015

  2. Proposed Final Budget • Total Revenues $43,415,000 • Total Expenditures $46,200,000 • Fund Balance Used $ 2,785,000 • Ending Fund Balance $ 3,233,037Board Policy7.0% • Tax Millage 48.2513Act 1 Adj. Index2.7%1.8% • Approved Exceptions $ 436,345 Amount Used $0

  3. What is in the Budget? • Increase in salaries of 1.3% • Eliminated two LTS positions • PSERS rate increase from 16.93% to 21.40% • Health insurance held flat at $6,500,000 • Basic Ed subsidy decreased by $400,000 or 5% • Special Ed subsidy held flat for 7th consecutive year • Reduction of Federal monies by approximately 7% • ABG is not budgeted; could be $169,000

  4. OTHER FUNDS • ATHLETIC FUND • Budget of $525,000. • General fund transfer increased from $425,000 to $442,000. • Added two assistant junior high soccer coaching positions. • Using $15,000 of fund balance. • FOOD SERIVCE FUND • Budget of $1,567,000. • Decrease of $18,809 in cost of food. • PSERS increase of $26,511. • Food service fund will be self-sufficient based on budget.

  5. FOOD SERVICE – Ticket Prices 2014-2015 School Year

  6. AVERAGE HOMEOWNER

  7. MILLAGE COMPARISONS

  8. BUDGET SCENARIOS • State funds education at or above current (2013-14) levels: • District can use $400,000 or more for either PSERS or Capital Projects or Deferred Maintenance items • District can reopen budget and change Millage rate if bills have not been sent out yet • Combination of the two depending upon the amount of the increase • State funds education below budgeted levels: • District would need to evaluate current programming and/or decrease planned expenditures • District could also use Committed funds for PSERS to offset shortage • District can reopen budget and change Millage rate if bills have not been sent out yet and/or use approved exceptions if needed

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