2015-2016 Proposed Final General Fund Budget Wallingford-Swarthmore School District Presented: 04/27/15

Changes since Preliminary Budget Discussion Governor Wolf’s SCHOOLS THAT TEACH Initiatives Proposed $157,153 for Basic Education Funding Proposed $152,594 for Special Education Funding Proposed $149,290 in Cyber Charter School Savings Minor shifts of $ among budget categories Adjusts for actual costs now known

2015-2016 Expenditure Budget - by major function

2015-2016 Expenditure Budget - by major object

2015-2016 Revenue Budget

The Proposed Tax Increase The 15-16 Proposed Final Budget recommends a local tax increase of 2.56%. To the taxpayer, this means: ASSESSED VALUE ANNUAL TAXES ANNUAL INCREASE OVER 14-15 $57,000 $2,369 $59 $179,000 (average) $7,439 $186 $377,000 $15,670 $391

Summary Comments The 2015-2016 Budget Sustains the district’s disciplined approach to the annual budgeting process Balances expenditure reductions, increased real estate taxes and the use of fund balance Declines to incorporate an addition $445,000 in tax revenue allotted by PA for burdensome increase of mandatory pension contributions

Summary Comments The 2015-2016 Budget Maintains class sizes and range of academic and co-curricular programs, while providing support of quality improvements in education and technology.

Budget Milestones 02/09/15 Preliminary Budget Adoption 03/03/15 Governor Wolf’s Budget Address 04/27/15 Proposed Final Budget Presentation & Approve Intent to Adopt Final Budget 06/08/15 Final Budget Adoption

Wallingford-Swarthmore School District