Mechanicsburg Area School District

Slides:

Advertisements

Similar presentations

Budget Development Roseville Area Schools.

Advertisements

Preliminary Budget March 18, Previous Year’s Budget Reductions Elimination of Teaching Positions Special Education/Two Elementary Elimination.

Preliminary Budget Update March 10, 2015 MARPLE NEWTOWN SCHOOL DISTRICT.

Spring Cove School District 2014/15 Budget Workshop April 28, 2014.

REVIEW SESSION ONE When does the Fiscal Year begin each year? What are the five parts of a budget? There are four funds. Name them and provide a brief.

Updated FY2012 Revenue & Expenditures Park Hill Board of Education June 9, 2011.

The School District of the City of York, Pennsylvania “Great Expectations: Failure is Not an Option” Budget Presentation November 22, 2011 District Administration.

Preliminary Budget February 2, Mission Statement The Mission of the Kennett Consolidated School District is to provide a quality education.

Gateway School District General Fund Budget Preliminary Summary Budget Information for the Fiscal Year As of April 13, 2015.

April 8, Budget Committee Meeting Budget Overview and Discussion.

Gateway School District General Fund Budget Final Summary Budget Information for the Fiscal Year As of June 30, 2014.

PROPOSED FINAL BUDGET State College Area School District May 5, 2014.

Cambrian School District Second Interim Report March 9, 2010 Presented by: Julie Swanson Chief Financial Officer.

Month/Date Budget Calendar Activity Responsibility Beginning January 2010 Prepare Budget Calendar and Budget Plan for review. CFO, Superintendent.

School District of Upper Dublin Preliminary Budget January 13, 2014.

COATESVILLE AREA SCHOOL DISTRICT 2015 – 2016 Preliminary Budget Presented: January 13, 2015 by Ronald Kabonick, Business Administrator.

Proposed Final Budget Presentation (May 12, 2014) Selinsgrove Area School District.

MOSHANNON VALLEY SCHOOL DISTRICT PROPOSED BUDGET

Proposed Budget Update Finance Committee Meeting June 19, 2014.

East Moriches Adopted Budget May 3, 2006 Budget Hearing

Budget Work Session January 7, The Finance Committee is recommending the following:  The Board authorize the intent to adopt the Proposed Preliminary.

2016 – 2017 General Fund Preliminary Budget Presentation January 6, 2016.

Methacton School District Budget Presentation February 19, 2013.

Budget Presentation January 14, 2015 Agenda Review Estimated Actual Results Review Budget Timeline Review Preliminary Budget.

Purpose The purpose of tonight’s meeting is to present the Proposed Final 2015/2016 Budget, following the required Act 1 timeline. SFASD must receive.

Spring-Ford Area School District Proposed Preliminary January 2015/16 Budget Presentation January 28, 2014.

Gateway School District General Fund Budget Preliminary Budget Information for the Fiscal Year As of February 22, 2016.

Spring-Ford Area School District May 2013/14 Budget Presentation 1.

Proposed Final Budget Presentation (May 13, 2013) Selinsgrove Area School District.

GENERAL FUND BUDGET PRESENTATION FISCAL YEAR April 22, 2014 John T. Scully Business Administrator.

Independent Fiscal Office Analysis of PA Budget Structural Deficit IFO 1.

April 6, Budget Committee Meeting Budget Overview and Discussion.

Spring-Ford Area School District Preliminary January 2013/14 Budget Presentation.

Budget Forum 6:30 P.M., May 25, 2017.

Preliminary Budget January 23, 2017.

2/18/2018 Budget Update March 28th, 2017

Spring-Ford Area School District Final 2014/15 Budget

State Budget and Preliminary Budget Discussion

State College Area School District

HOLLIDAYSBURG AREA SCHOOL DISTRICT

Quarterly Financial Report

Greater Johnstown School District Budget and Finance Committee 1/14/16

SCHOOL DISTRICT OF HAVERFORD TOWNSHIP

Spring-Ford Area School District 2012/2013 Proposed Final Budget

Preliminary Budget February 12, 2018.

Purpose The district is following the Act 1 timelines, and the purpose of tonight’s meeting is to present the Proposed Final 2014/15 Budget Receive approval.

Proposed Final General Fund Budget

Octorara Area School District

Spring-Ford Area School District Proposed Preliminary January 2014/15 Budget Presentation January 27, 2014.

Solanco School District Preliminary Final Budget

Consideration to Post the Proposed Final Budget

Spring-Ford Area School District 2012/2013 Proposed Preliminary Budget

Mechanicsburg Area School District

Preliminary Proposed Budget April 26, 2016

Preliminary Budget February 11, 2019.

Community Forum March 19, 2018.

Octorara Area School District

MECHANICSBURG AREA SCHOOL DISTRICT

Octorara Area School District

East Pennsboro Area School District

EXPLANATION The following slides describe the changes between the first draft of the general fund budget presented to the Board on March 28, 2017 and the.

Financial Update Fiscal Year

PowerPoint D: 2016 Federal Budget Projections

Mechanicsburg Area School District

New Information PSERS rate certified at 30.03%, net increase of $30,000 over preliminary budget Most current projection of state revenue (BEF, SEF Subsidy.

Spring-Ford Area School District Final 2015/2016 Budget

COMMUNITY FORUM ROLL- OVER BUDGET JANUARY 16, 2019

Proposed Preliminary Budget

EAST PENN SCHOOL DISTRICT

Monday, May 7, 2018 Michael Miller, Business Manager

Presentation transcript:

Mechanicsburg Area School District 2018-2019 Budget Projection

Budget Preparation Budget Projection for 2018-2019: Budget Timeline: Revenue Assumptions Expenditure Assumptions Act 1 Index: 2.4% (Base Index) Budget Timeline: Refine Estimates Budget Calendar

Local Revenue Local revenue – Estimated using currently enacted tax rates Revenue Growth: Real Estate Taxes: Assessment Growth - $297,305 1% Increase in Real Estate Taxes - $355,003 To support debt service costs connected to District Program Design Project Earned Income Taxes: $536,945

Real Estate Taxes: Growth in Assessed Values

Earned Income Taxes Since 2010, wages in Pennsylvania have increased annually between 2% and 4%. The average during this period of time is 3.3%. Source: Pennsylvania Independent Fiscal Office

State and Federal Revenue State Revenue Growth: Basic Education Subsidy: $150,000 Retirement Reimbursement: $267,264 Federal Revenues – Funding Levels from 2017-2018

Basic Education Funding

Composition of Funding: 2018-2019

Expenditures Increasing / (Decreasing) Expenditures: Health Insurance: $324,438 PSERS: $456,289 Utilities: ($248,383) Tuition: $207,779 Charter School Tuition - $200,000 Debt Service: $351,921(District Program Design)

Health Insurance

PSERS

Utilities

Charter School Tuition Brick and Mortar – 7% Cyber Charter – 93%

District Program Design Note: Debt service levels will return to a more normal level in 2023-2024. This is due to the fact that much of the District’s existing debt will be paid off over the next 5-6 years.

Budget Projection: 2018-2019 Projected Revenue: $66,726,163 1% Increase in Real Estate Taxes (DPDP): $355,003 Projected Expenditures: $69,168,420 2018-2019 Projected Budget Deficit: ($2,087,254)

Pending Adjustments Several key revenue and expenditure adjustments remain: Revenue: State and Federal Budgets Real Estate Tax Rate Expenditures: Staffing Update Cost Centers Contracted Services Transportation

Budget Timeline November - January February – March April June Cost Center Budgets Adopt Act 1 Resolution November - January Preliminary General Fund Budget February – March Adopt Proposed General Fund Budget April Adopt Final General Fund Budget June

Questions and Comments