Fort Cherry School District March 25, 2019 2019-2020 Preliminary Budget Fort Cherry School District March 25, 2019

2019/2020 Preliminary Budget

22% of HS Population is Special Ed. 2019/2020 Preliminary Budget 2019/2020 SPECIAL EDUCATION Emotional Support Learning Support Life Skills Vision Hearing Outplaced Speech Jr./Sr. High School 31 68 5 1 2 20 32 Elementary Center 18 22 2019/2020 22% of HS Population is Special Ed.

- Current assessed values decreased by $1,909,380 from 2018 2019/2020 Preliminary Budget 2019/2020 Budget Highlights REVENUE - Current assessed values decreased by $1,909,380 from 2018 (equates to $23,181 in tax dollars) - Earned Income expected to increase by 1.5% - State increased Special Ed Funding by 4.40% - State is reimbursing PSERS contributions around 55% - Transportation subsidy payments are flat (no increase in 19/20)

- New Teachers contract 2019/2020 Preliminary Budget 2019/2020 Budget Highlights EXPENDITURES - New Teachers contract - District moved to ACSHIC (Recognizes $240k savings) - Addition of new debt (increase of $230k) - Increase in electrical costs from new air system - New Jr. High Cheerleading uniforms, Wrestling warm-ups, Baseball uniforms, and Band raincoats - Transfer of $93,500 to Technology Fund for Chromebook replacements and new devices at Elementary

2019/2020 Preliminary Budget

Real Estate Taxes: District Perspective 2019/2020 Preliminary Budget Real Estate Taxes: District Perspective Real Estate Millage Increase: * 1 mill = $559,550 Fort Cherry School District ACT 1 index for 2019/2020 = 3.00% Additional Real Estate revenue possible through tax increase. District can raise a maximum of 3% or .36423 mills A maximum of $203,804 in additional revenue

Real Estate Taxes: Taxpayer Perspective 2019/2020 Preliminary Budget Real Estate Taxes: Taxpayer Perspective Real Estate Millage Increase: * Millage increased based on resident’s assessed property value (District’s avg. value per home = $112,314) $100k value $150k value $200k value $400k value Annual Tax Increase with 3% tax increase: Real Estate Tax bill at 12.5052 mills: (without H/F Exclusion) $36.42 $1,250.52 $54.63 $1,875.78 $72.84 $2,501.04 $145.68 $5,002.08

2019/2020 Preliminary Budget

Total projected salary increase = $380k 2019/2020 Preliminary Budget SALARY BREAKDOWN Total projected salary increase = $380k

Total projected benefit decrease = $200k 2019/2020 Preliminary Budget BENEFIT BREAKDOWN Total projected benefit decrease = $200k 11%

2019/2020 Budget Summary Total Proposed Revenues $18,110,002 2019/2020 Preliminary Budget 2019/2020 Budget Summary Total Proposed Revenues $18,110,002 Total Proposed Expenditures $18,352,932 Proposed Budget Deficit $242,930

1. Air Conditioning: Summer 2019 $3,800,000 2019/2020 Preliminary Budget 2019/2020 Bond Issue Projects 1. Air Conditioning: Summer 2019 $3,800,000 Option 1: Add HS Auditorium $73,200 Option 2: Add HS Cafeteria $51,250 Option 3: Add Elem Cafeteria $51,250 Option 4: Add HS Gym $71,725 Total Potential AC Cost $4,047,425

2. Outside Lighting Upgrades (LED) $9,000 2019/2020 Preliminary Budget 2019/2020 Bond Issue Projects 2. Outside Lighting Upgrades (LED) $9,000 3. Cafeteria Upgrades (Ovens) $10,000 Total Year 1 Bond Issue = $4,066,425

PA Systems (Both Buildings) & Phones $100,000 Total Costs: $200,000 2019/2020 Preliminary Budget 2019/2020 Capital Projects Dump/Salt Truck $65,000 District Van $35,000 PA Systems (Both Buildings) & Phones $100,000 Total Costs: $200,000

Chromebook Replacements @ HS (Approx. 247): $61,750 2019/2020 Preliminary Budget 2019/2020 Technology Fund Chromebook Replacements @ HS (Approx. 247): $61,750 Chromebooks – Grades 5th & 6th (Approx. 135): $33,750 iPad Cart @ Elem. (25 iPads): $7,400 JAMF Apple Device Management Software: $12,350 Total Costs: $115,250 ($93,500 from General Fund)

Fund Balance @ 6/30/2018 2019/2020 Preliminary Budget GENERAL FUND TECHNOLOGY FUND CAPITAL PROJECTS FUND Assigned: PSERS Rate Increases $1,450,000 _ Deficit Budget $185,021 Unassigned $1,252,050 $333,790 $1,211,236 TOTAL Balance: $2,887,071

Board Considerations….. Personnel: 2019/2020 Preliminary Budget Board Considerations….. Personnel: Mental Health Support (The following items are included in 19/20 Preliminary Budget) Supplemental Position for HS Principal PT Social Worker (Continuation of Safety Grant) PT Mental Health Consultant (Coordinate Small Groups) Taxes: Raise taxes to the ACT 1 index: 3% ~ .36423 mills (Additional $203k in Revenue) (NOT included in 19/20 Preliminary Budget)

2019/2020 Preliminary Budget