HOLLIDAYSBURG AREA SCHOOL DISTRICT 2014-2015 BUDGET INFORMATION SESSIONS

EXPENSE FOCUS PAYROLL

PAYROLL BUDGET DEVELOPMENT Salaries ~ Department Chairs ~Schedule C & D ~ Coaches Calculated by employee utilizing board approved contracts and agreements Substitutes ~ Overtime ~ Game Workers ~ Extra Days Calculated based on prior year’s history while factoring known deviations for upcoming budget year Early Retirement & Medical Opt Out Incentives Calculated per employee electing incentive utilizing board approved contracts

Early Retirement Incentives Schedule C & D Medical Opt-Out Payments Other Includes: Teacher Extra Pay Department Chairs Early Retirement Incentives Schedule C & D Medical Opt-Out Payments Teachers $14,114,650 Subs & OT $341,895 Admin $1,595,939 Custodial $1,467,008 Secretaries/Paras $1,977,729 Coaches/Game-workers $339,712 Other $438,454 Total $20,275,387

EXPENSE FOCUS BENEFITS

BENEFITS BUDGET DEVELOPMENT Developed by utilizing board approved contracts and agreements. Benefit providers (Highmark, PSBA, etc.) calculate premium increases/decreases. Utilizing the budget year premium calculations, benefit costs are developed for each employee based on employee current coverage levels. Individual employee benefit budget costs are combined into appropriate account numbers creating the benefits budget.

MEDICAL INSURANCE COSTS BENEFIT BUDGET CODE (Object) PROJECTED 2014-15 BUDGET % OF TOTAL BENEFITS MEDICAL INSURANCE COSTS MEDICAL PREMIUMS 211 $4,772,078   HEALTH SAVINGS ACCOUNT(Active & Retirees) 290 $335,054 RETIREES HEALTHCARE $276,611 Total Medical Insurance Costs $5,383,743 46.760% DENTAL INSURANCE 212 $86,375 .750% LIFE INSURANCE 213 $40,197 .349% INCOME PROTECTION INSURANCE 214 $39,376 .342% VISION INSURANCE 215 $11,704 .102% SOCIAL SECURITY (Reimbursed ½ by State) 220 $1,537,509 13.354% RETIREMENT (Reimbursed ½ by State) 230 $4,122,457 35.805% WORKERS COMPENSATION 260 $112,253 .975% TRAVEL ACCIDENT INSURANCE 219 $323 .003% TUITION REIMBURSEMENT 240 $132,000 1.146% UNEMPLOYMENT INSURANCE 250 $10,000 .087% WELLNESS $7,575 .066% TAX SHELTERED ANNUITY $30,009 .261% TOTAL $11,513,521 100%