EAST STROUDSBURG AREA SCHOOL DISTRICT BUDGET FINAL BUDGET 6/15/15

BUDGET DRAFTS DRAFT 1PROPOSED FINAL REVENUES$144,101,411$144,054,272 EXPENDITURES$155,816,352$150,511,802 DEFICIT($ 11,714,941)($ 6,457,530)

BUDGET ADJUSTMENTS - REVENUES ACCOUNTREVISIONDESCRIPTION Estimated Tax Revenues$470,197Adjustment for H/F Allocation Social Security Reimbursement ($ 13,557)Reduction in Wages Retirement Reimbursement ($ 48,261)Reduction in Wages Title I Allocation$ 91,704Updated Allocation KtO Grant$204,014PDE Received DOE Funding Proceeds from Ext Term Financing $1,244,132Revised based on Computer Leases TOTAL$1,984,229

BUDGET ADJUSTMENTS - EXPENSES ACCOUNTREVISIONDESCRIPTION Insurance($ 27,557)Insurance Quotes Grants $ 22,412Revised KtO & Title I Computer Leases ($283,447)Revised based on final pricing & lease rates PV Computer Leases$1,244,132Revised based on computer leases Wages($ 322,214)Staffing Adjustments Benefits($ 286,697)Reduction in Salaries Workers’ Compensation Insurance ($145,000)Insurance Quote TOTAL$ 201,599

STAFF ADJUSTMENTS - PROFESSIONAL Sabbatical/Leave Replacements Elementary Teachers TOTAL (3.0) Holding 5 K positions pending final enrollment

STAFF ADJUSTMENTS - SUPPORT Student Aides Paraprofessionals TOTAL Staff Adjustments through resignations, retirements, and LTS positions

ELEMENTARY CLASS SIZES GRADE LEVEL AVERAGE CLASS SIZE PROJECTED AVERAGE CLASS SIZE K Grade Grade Grade Grade Grade All Grades

FINAL BUDGET FINAL REVENUES$146,038,501 EXPENDITURES$150,713,401 DEFICIT($ 4,674,090) Budget is $762,208 less than Budget

MILLAGE RATES DIFFERENCE% CHANGE MONROE (0.80%) PIKE (0.02%)

HOMESTEAD/FARMSTEAD EXCLUSION Homestead/Farmstead exclusion is funded by State gambling proceeds allocation = $4,342,453, a $2,598 decrease from eligible properties = 10,368, a 242 property decrease from Homestead/Farmstead exclusion of $418.95, a $9.43 increase over

STILL TO COME State Budget Basic Ed Funding Commission Report - Delayed Governor/Legislative Agreement