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Manheim Central School District Preliminary Budget Discussion December 17, 2012

Manheim Central School District Preliminary Budget Discussion December 17, 2012. What Has History Shown?. Revenue. Expense. A Closer Look at 2012-13. Will the district really increase expenditures by over $3M in one year?! . High Level Changes:

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Manheim Central School District Preliminary Budget Discussion December 17, 2012

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  1. Manheim Central School District Preliminary Budget Discussion December 17, 2012

  2. What Has History Shown? Revenue Expense

  3. A Closer Look at 2012-13 Will the district really increase expenditures by over $3M in one year?! High Level Changes: $300K – 2011-12 Teacher Salary Retroactivity $350K – 2012-13 Teacher Salary Increase (2.6%) $100K – 2012-13 Support/Admin Salary Increase $500K – Healthcare Increase $350K – PSERS Increase (8.65% to 12.36% - Reflecting 50% Share) $175K – Special Ed 8% Average Cost Increase ($500K) – Program/Staffing Changes Implemented This Year $1,275K * 2012-13 budget includes $550K in over-budgeting for PSERS

  4. Going into 2013-14 If the district expenses were to end 2012-13 at $41.5M……. - That would be $1M below prior year revenue of $42.5M - And $1.6M below current budgeted expenses of $43.1M High Level Expense Changes For 2013-14: $450K – 2.5% Estimated Salary Increase Across The Board $600K – 12% Healthcare Increase $425K – PSERS Increase (12.36% to 16.93% - Reflecting 50% Share) $185K – Special Education 8% Average Cost Increase $ 75K – Transportation Increase $1,735K Simple Math: $41,500K + $1,735K = $43,235K Current 2012-13 Expense Budget: $43,143K

  5. Tax Rate Implications in 2013-14 The Base Index for 2013-14 is 1.7%, same as 2012-13 Estimated Tax Revenue $ Increases Tied to %’s: 0.50% - $131K 0.85% - $226K 1.00% - $262K 1.25% - $327K 1.50% - $393K 1.70% - $445K Current 2012-13 Revenue Budget: $43,102K

  6. Putting It All Together for 2013-14 2012-13 Year End Expense Forecast: $41,500K Current 2012-13 Revenue Budget: $43,102K 2013-14 Base Index Revenue 1.70% - $445K 2013-14 Additional Expense $1,735K 2013-14 Total Expense $43,235K 2013-14 Revenue Opportunity $43,547K Difference + $312K Business Manager Recommendation: My final recommendation to the Board is to vote to stay within the base index next year as the district is not in a position where it needs to pursue exceptions as was done in prior years. Based off current trends of actual vs. budgeted revenues and expenditures, current fund balance level, and having more specific information related to expense items going into next year’s budget, the district would have enough resources available within the associated tax index revenue increase.

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