9/20/2018 Budget Review May 10, 2016 9/20/2018

Tentative Adoption of Proposed Final General Fund Budget May 17, 2016 GENERAL FUND FY 2016-17 Tentative Adoption of Proposed Final General Fund Budget May 17, 2016 9/20/2018

General Fund Revenue 9/20/2018 9/20/2018 FY 15-16 FY 16-17 EXETER TOWNSHIP SCHOOL DISTRICT - GENERAL FUND REVENUE   FY 15-16 FY 16-17 16-17 Proposed Final Budget to 15-16 Estimate Final Adopted Budget Estimate Proposed Final Budget FY 16-17 vs FY 15-16 % of Total Revenue Comment - Proposed Final Budget Local Sources $ 47,618,363 $ 47,874,390 $ 47,807,450 $ (66,940) 68.5% Delinquent Collections revised for recent Exeter Plaza payment - Increase of $182k State Sources $ 19,965,960 $ 20,129,955 $ 20,976,030 $ 846,074 30.0% Basic Education Funding - $66k; Special Education Funding $56k transportation Subsidy $16,386 Federal Sources $ 646,874 $ 645,701 $ - 0.9% Other Sources $ 22,500 $ 21,500 $ 374,776 $ 353,276 0.5% Extended Term Financing - Laptop Replacement; Asset cost $25k less than budgeted Total Revenue $ 68,253,697 $ 68,671,547 $ 69,803,957 $ 1,132,410 100% % Change 1.5% 2.1% 1.7% 9/20/2018

BEF & SEF 9/20/2018 School District County 2016-17 BEF 2015-16 BEF and RTL Dollar Increase Percent Increase Antietam SD Berks $3,562,827 $3,409,005 $153,822 4.51% Boyertown Area SD $15,546,321 $15,153,180 $393,141 2.59% Brandywine Heights Area SD $4,304,839 $4,210,277 $94,562 2.25% Conrad Weiser Area SD $6,627,748 $6,435,940 $191,808 2.98% Daniel Boone Area SD $8,921,290 $8,725,205 $196,085 Exeter Township SD $9,151,216 $8,887,182 $264,034 2.97% Fleetwood Area SD $6,359,025 $6,159,718 $199,307 3.24% Governor Mifflin SD $6,553,010 $6,236,456 $316,554 5.08% Hamburg Area SD $7,082,307 $6,888,630 $193,677 2.81% Kutztown Area SD $3,477,290 $3,379,684 $97,606 2.89% Muhlenberg SD $5,666,389 $5,325,327 $341,062 6.40% Oley Valley SD $4,061,636 $3,978,680 $82,956 2.09% Reading SD $135,874,213 $128,241,037 $7,633,176 5.95% Schuylkill Valley SD $2,911,954 $2,751,303 $160,651 5.84% Tulpehocken Area SD $4,261,246 $4,141,348 $119,898 2.90% Twin Valley SD $5,657,474 $5,439,947 $217,527 4.00% Wilson SD $8,263,485 $7,769,837 $493,648 6.35% Wyomissing Area SD $1,666,587 $1,512,689 $153,898 10.17% School District County 2016-17 Proposed SEF 2015-16 Estimated SEF Dollar Increase Percent Increase Antietam SD Berks $600,984 $548,390 $52,594 9.59% Boyertown Area SD $3,573,207 $3,365,436 $207,771 6.17% Brandywine Heights Area SD $1,072,074 $1,032,384 $39,690 3.84% Conrad Weiser Area SD $1,676,987 $1,579,386 $97,601 6.18% Daniel Boone Area SD $1,653,987 $1,513,983 $140,004 9.25% Exeter Township SD $2,056,231 $1,916,095 $140,136 7.31% Fleetwood Area SD $1,338,179 $1,248,726 $89,453 7.16% Governor Mifflin SD $2,118,782 $1,994,498 $124,284 6.23% Hamburg Area SD $1,447,933 $1,376,450 $71,483 5.19% Kutztown Area SD $928,071 $895,217 $32,854 3.67% Muhlenberg SD $1,570,125 $1,447,014 $123,111 8.51% Oley Valley SD $1,065,742 $1,026,167 $39,575 3.86% Reading SD $10,798,906 $10,032,263 $766,643 7.64% Schuylkill Valley SD $953,798 $904,125 $49,673 5.49% Tulpehocken Area SD $912,436 $866,277 $46,159 5.33% Twin Valley SD $1,568,563 $1,480,710 $87,853 5.93% Wilson SD $2,408,818 $2,239,480 $169,338 7.56% Wyomissing Area SD $830,965 $786,976 $43,989 5.59% 9/20/2018

16-17 ProFinal vs 15-16 Estimate Estimate to Original Budget 9/20/2018 General Fund Expenditures 15.16 Increase of $73,985 – Special Pay Upon Retirement 16.17 –Healthcare Premium Increase : May 23, 2016 15-16 15-17 16-17   Major Object / Description Final Budget 6/16/2015 Budget Estimate 4.19.16 Profinal Budget 4.19.16 16-17 ProFinal vs 15-16 Estimate % change Estimate to Original Budget 100 - Employee Wages $29,905,482 $29,653,020 $30,415,397 $762,377 3% -$252,462 200 - Employee Benefits $18,209,577 $17,910,807 $19,870,702 $1,959,895 11% -$298,770 300 - Professional & Technical Serv. $2,241,398 $2,113,671 $1,997,914 -$115,757 -5% -$127,727 400 - Purchased Property Services $1,737,526 $1,698,057 $1,763,384 $65,327 4% -$39,469 500 - Other Purchased Services $5,024,934 $5,073,348 $5,421,154 $347,806 7% $48,414 600 - Supplies, Books, Heat/AC, Fuel $2,227,232 $2,085,988 $2,178,859 $92,871 -$141,244 700 - Property $635,717 $618,606 $1,275,355 $656,749 106% -$17,111 800 - Dues, Interest, Claims $5,047,943 $5,034,702 $5,070,355 $35,653 1% -$13,241 900 - Principal Payment, Fund Transfers, Reserve $4,094,747 $3,997,953 $4,169,735 $171,782 -$96,794 Total Expenditures Excluding Major Maint & Improv. $69,124,556 $68,186,152 $72,162,855 $3,976,703 6% -$938,404 750/760 - Major Improvements $637,203 $613,003 $480,500 -$162,503 -25% -$24,200 Total General Fund Expenditures $69,761,759 $68,799,155 $72,643,355 $3,814,200 -$962,604 9/20/2018

Major Cost Drivers – FY 2016-17 Year to Year Increase Major Cost Drivers in the 2016-2017 Budget Year to Year Increase   Pension Obligation $ 1,434,000 Employer Contribution Rate Increase from 25.84% to 30.03%% Contract Wage Increases & Staff Requests $ 802,000 Potential contract increases Other Benefits $ 475,000 Healthcare Premium Increase 8.5%; Other Costs $ 334,000 Charter School & Private Placement Tuition Increases Stem Supplies, Equipment, Clsrm Changes $ 242,000 STEM Technology Infrastructure $ 150,000 Technology Financing $ 135,000 Laptop Replacement Financing Chromebook $ 57,000 Grades 7,8 $ 3,629,000 9/20/2018

Summary of Revenue, Expense and Fund Balance Exeter Township School District General Fund Budget 2015-2016 FINAL BUDGET 2015-2016 ESTIMATE 2016-2017 PROPOSED FINAL   $ 1,320,091 $ 290,965 Act 1 Index W/Spec Ed exception Plus Pension Exception Real Estate Property Tax Rate 31.2500 32.2188 32.4322 32.7578 Total Revenue $ 68,253,697 $ 68,671,547 $ 69,803,957 $ 71,124,049 $ 71,415,014 $ 71,858,981 Total Expenditures $ 69,761,759 $ 68,799,155 $ 72,643,356 Revenue less Expense $ (1,508,062) $ (127,608) $ (2,839,399) $ (1,519,307) $ (1,228,342) $ (784,375) Fund Balance Components : Commitments $ 2,904,460 $ 2,904,460 Net Assignments $ 6,624,300 $ 4,404,300 $ 8,014,000 $ 7,009,000 $ 6,909,000 $ 6,309,000 Unassigned $ 5,415,997 $ 9,552,451 $ 3,103,353 $ 5,428,444 $ 5,819,409 $ 6,863,376 $ 14,944,757 $ 16,861,211 $ 14,021,813 $ 15,341,904 $ 15,632,869 $ 16,076,836 Unassigned Fund Balance as % of Total Expense 7.8% 13.9% 4% 7.5% 8.0% 9.4% 9/20/2018

FUND BALANCE ASSIGNMENTS COMMITMENTS 9/20/2018

Summary of Revenue, Expense and Fund Balance – Reduce Capital Project Commitment by $480,500 Exeter Township School District General Fund Budget 2015-2016 FINAL BUDGET 2015-2016 ESTIMATE 2016-2017 PROPOSED FINAL   $ 1,320,091 $ 290,965 Act 1 Index W/Spec Ed exception Plus Pension Exception Real Estate Property Tax Rate 31.2500 32.2188 32.4322 32.7578 Total Revenue $ 68,253,697 $ 68,671,547 $ 69,803,957 $ 71,124,049 $ 71,415,014 $ 71,858,981 Total Expenditures $ 69,761,759 $ 68,799,155 $ 72,643,356 Revenue less Expense $ (1,508,062) $ (127,608) $ (2,839,399) $ (1,519,307) $ (1,228,342) $ (784,375) Fund Balance Components : Commitments $ 2,904,460 $ 2,904,460 $ 2,423,960 Net Assignments $ 6,624,300 $ 4,404,300 $ 8,074,000 $ 7,069,000 $ 6,969,000 $ 6,369,000 Unassigned $ 5,415,997 $ 9,552,451 $ 3,523,853 $ 5,848,944 $ 6,239,909 $ 7,283,876 $ 14,944,757 $ 16,861,211 $ 14,021,813 $ 15,341,904 $ 15,632,869 $ 16,076,836 Unassigned Fund Balance as % of Total Expense 7.8% 13.9% 5% 8% 8.6% 10.0% 9/20/2018

BERKS CO SCHOOL DISTRICTS: 16.17 MILLAGE Real Estate Mills   As of Apr/May District FY 2015-2016 FY 2016-2017 Change % Comment Antietam 36.79 38.04 1.25 3.40% Boyertown Berks 23.96 -23.96 -100.00% Brandywine 32.3 32.43 0.13 0.40% Conrad Weiser 26.32 27.14 0.82 3.12% Daniel Boone 28.96 0.00% Exeter 31.25 -31.25 Millage discussion during May Fleetwood 30.96 -30.96 Governor Mifflin 26.6 27.7 1.1 4.14% Will be reduced by June Hamburg 26.46 -26.46 Kutztown 29.9543 Muhlenberg 27.81 -27.81 Oley 25.8374 26.3284 0.491 1.90% Reading 17.41 -17.41 Schuylkill Valley 26.79 -26.79 Tulpehocken Twin Valley 25.7406 -25.741 Wilson 24.6 25 0.4 1.63% Wyomissing 29.7836 30.0666 0.283 0.95% 9/20/2018

MILLAGE IMPACT 9/20/2018 2/17/2016 Berks County Total Real Estate Residential Assessment No. of Parcels Average Assessment Ave Cost per 1/10 Mill Ave Cost per 1 Mill ETSD Average $ 1,099,046,000 10,178 $ 107,983 $ 10.80 $ 107.98 Proposed Millage Increase Scenarios Average Additional Cost Per Household 32.2188 Act 1 Index 0.9688 32.2188 $ 104.61 32.4322 With Sped Ed Exception 1.1822 32.4322 $ 127.66 32.7578 With SpedEd & Pension Exceptions 1.5078 32.7578 $ 162.82 Prior Year Tax Increases Mills FY 2015-2016 31.25 FY 2014-2015 0.455 $ 49.13 FY 2013-2014 0.6919 30.795 $ 74.71 FY 2012-2013 0.1211 30.1031 $ 13.08 FY 2011-2012 0.358 29.982 $ 38.66 FY 2010-2011 1.006 29.624 $ 108.63 FY 2009-2010 0.834 28.618 $ 90.06 9/20/2018

May 17, 2016 General Fund Budget Resolution 9/20/2018

BUDGET CHALLENGES 9/20/2018

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ETSD GENERAL FUND EXPENSE

Capital Project Budget FY 2016-2017 9/20/2018

Capital Project Fund Budget 9/20/2018

Senior High & Jacksonwald Roof Status Senior High Roof area may be under warranty. Claim submitted to Firestone; waiting for inspection. Tremco offered to extend the warranty on the Jacksonwald roof area until next year so the roof management program can be reviewed by the Facilities Committee and new Director of Facilities in order to make an educated decision on roof projects. 9/20/2018

CAPITAL IMPROVEMENT FUNDS AVAILABLE TOTAL CAPITAL PROJECT FUNDS $ 1,665,751 $ 4,386,367 $ 2,418,117 $1,281,055 $ 8,085,539 General Fund Capital Reserve 2014 Issue Owatin Creek FY 2016-17 Projects $ 481,500 $ 606,000 $ 356,859 $ 1,184,251 $ 3,780,367 $ 2,061,258 $ 8,306,931 Long-Range Capital Plan Incl. Cost to Repl roofs Incl Cost to restore roof 17-18 $ 2,100,000 $ 1,615,000 18-19 $ 2,155,500 $ 1,465,500 19-20 $ 2,672,000 $ 1,932,000 20-21 $ 910,000 $ 910,000 $ 7,837,500 $ 5,922,500 Available $ 469,431 $ 2,384,431 9/20/2018

Food Service Budget & Meal Prices FY 2016-2017 9/20/2018

Food Service Fund 9/20/2018

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