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2012-2013 Budget Information

2012-2013 Budget Information. OUR School District…OUR Children. Budget Process. At all times during the process, the goal is to maintain the highest quality of excellence in our educational program for our students as possible. Our students’ needs come first!. 2. Sources of Revenue.

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2012-2013 Budget Information

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  1. 2012-2013 Budget Information

  2. OUR School District…OUR Children

  3. Budget Process At all times during the process, the goal is to maintain the highest quality of excellence in our educational program for our students as possible. Our students’ needs come first! 2

  4. Sources of Revenue Revenue is comprised of four sources: local, state, federal and fund balance. • Local revenue sources include real estate taxes, Per Capita taxes, tuitions, earnings on investments and miscellaneous revenue. • State revenue sources include state subsidies for Basic Education Funding, Special Education, and Transportation, State Property Tax Relief, Reimbursement for Retirement payments. • Federal revenue source consists of Title I & II and ACCESS funds that have restricted uses. • Fund balance is the difference between net assets and liabilities and results when revenues are greater than expenditures. It’s often referred to as asavings account, but does not consist of only cash.

  5. The Act 1 Index • The Act 1 Index is a result of the Taxpayer Relief Act of 2006, which establishedlimits on tax increases. The Index is calculated based on the percentage of increase in the State Wide Average Weekly Wage (SAWW) and the percentage increase in the national Education Cost Index (ECI). The SAWW is determinedby the Department of Labor and Industry in the same manner as the Unemployment Compensation Law and it is calculated on the previous calendaryear. The ECI is also based on the previous 12-month period beginning July 1stthrough June 30th using Elementary and Secondary school data reported by theBureau of Labor and Statistics. Fiscal Year 12/13 11/12 10/11 09/10 08/09 07/08 06/07 SAWW $872 $855 $847 $825 $788 $756 $735 ECI 116 114 112 109 105 101 97 SAWW % + 2.1% 0.9% 2.7% 4.6% 4.3% 2.8% 4.2% ECI % + 1.3% 1.9% 3.0% 3.6% 4.5% 4.0% 3.5% Base Index 1.7% 1.4% 2.9% 4.1% 4.4% 3.4% 3.9%

  6. Assessment – Ten Year History

  7. Assessment By Type

  8. Local Revenue

  9. Local Revenue Five Year History

  10. State Revenue

  11. State Revenue Five Year History

  12. Federal and Other Revenue Five Year History

  13. Revenue Summary

  14. Revenue Budget Comparison

  15. 1 millage point (mill) is equal to approximately $2.77 million Act 1 Index is 1.7% 2011-2012 Homestead exemption $207 2012-2013 Homestead exemption $209 Average homeowner assessment is $205,173 Average homeowner tax bill in 2011-2012 $4,566 Increase in average homeowner tax bill for 2012-2013 is $74 The use of $2.1 million in fund balance Key Facts and Figures of the Revenue Budget. -- Key Points -- 14

  16. Unfortunately, even with the budget we have, there are cuts to the fund balance. -- Fund Balance Reductions -- • 2008/2009 • $2.1 million • 2009/2010 • $2.5 million • 2010/2011 • $4.9 million • 2011/2012 • $4.6 million • 2012/2013 • $2.1 million

  17. In accordance with the Pennsylvania Department of Education expenditures are categorized by objects and functions. Objects Salaries - wages for all school district employees Benefits - health care, tuition reimbursement, retirement and social security Contracted Professional Services – tuition to the Intermediate Unit, legal and auditing services Purchased Property Services - utilities, repairs and rentals. Other Purchased Services - transportation, property insurances, advertising, tuitions and travel Supplies- books, general supplies and natural gas. Equipment - computers, furniture and vehicles Other objects – interest on bonds, dues and fees Other Uses of Funds – bond principal and fund transfers Expenditure Budget for 2012-2013 16

  18. Expenditure Comparison by Object

  19. Expenditure Comparison by Object

  20. In accordance with the Pennsylvania Department of Education expenditures are categorized by objects and functions. Functions 1000Instruction-regular, special, vocational, alternative education programs and the Delaware County Community College 2000 Support Services-guidance, administration, student health, business, operations and maintenance, student transportation, staff and technology services 3000 Operations of Non-Instructional Services-athletics, student activities, and community services 5000 Other Expenditures and Financing Uses-debt service, fund transfers, and budgetary reserve Expenditure Budget for 2012-2013 is $80,305,101 19

  21. Expenditure Comparison by Function

  22. Expenditure Comparison by Function

  23. Rose Tree Media School District’s Expenditure Budget for 2012-2013

  24. Summary Budget Budget Final Expenditures 2011-2012 2012-2013 Instructional 1000 $44,353,330 $43,918,147 Support Services/ 2000 25,067,291 25,236,041 Operations Non-Instructional Services 3000 1,411,813 1,515,246 Other Financing Services 5000 9,805,3509,635,667 Totals $80,637,784 $80,305,101 Budget Final Revenues 2011-2012 2012-2013 Local 6000 $65,703,346 $66,314,685 State 7000 9,923,162 11,298,577 Federal 8000 375,000 592,700 Sub Totals $76,001,508 $78,205,962 Fund Balance 4,636,276 2,099,139 Totals $80,637,784 $80,305,101

  25. Historic Low Health Care Rates 0% Salary Increases Maintain Current Programs Savings Through the Reduction of 10.7 Staff Members Increased Efficiencies Through Energy Programs and Projects Increase Use of Technology Staff Reorganization District Wide Print Study Key Facts of the Expenditure Budget. -- Key Points -- 24

  26. Challenges • Sluggish Housing Market • Slow Assessment Growth • Level Funding at the State Level • Unfunded Mandates • Charter School Tuition • Alternative Education • Special Education • Future Retirement Costs

  27. Highlights • 2012-2013 Homestead exemption $209 • Average homeowner assessment is $205,173 • Average homeowner tax bill is $4,640 • Maintain Current Programs • An Award Winning District

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