Budget Tuesday, June 9, 2015

6 year budget capsule

Budgets - Previous 5 Years 5 year budget capsule Revenue $17,621,375$17,134,860$16,752,968$16,592,792$17,638,992 Expenditures (Budget) $17,749,118$17,236,460$16,912,548$16,707,263$17,935,377 Expenditures over revenue $127,743$101,600$159,580 $114,471 $105,000 Estimated undesignated Fund Balance $1,596,177$2,773,920$1,415,947$1,505,000$1,582,141 Committed for PSERS increase $330,000$300,000 Millage increase Total millage Budget Difference from previous year $512,658$323,912.00$205,285($1,228,114) % difference from previous year 2.974%1.915% Difference from ($186,259)($698,917)($1,022,829)($1,228,114) % Difference from %-3.897%-5.703%-6.847%

PSER & Health Insurance

PSERS YearRateCosts Total Increase District Increase 2010/11 $437, /128.65%$624,208.34$186,761.34$93, / %$871, ,524$123, / %$1,190,096.39$318,363.39$159, /1521.4%$1,587,752.00$417,655.61$208, / %$1,927,990.00$340,148.00$170, Totals $755, State Projections 2016/ %$2,325, / %$2,481, / %$2,648,976.00

Health Premiums Employer Cost Yr. Ending 6/ High-Mark %2.5% 6.8%8.7% 10.1% 2.5%16% 18% Dollar increase34,56693,851128,963162,86844,073289,783378,295 Total1,382,6401,476,4911,604,9161,767,7841,811,8572,101,6402,479,935

Revenue

State Revenue YearBasic EdSpecial Ed Accountability Block grant Charter/CyberTotalVs. 10/11 10/115,925,363723,333199,15572,8476,920, /125,909,969723,33378,24506,711, ,151 12/135,909,969780,74478,24506,768, ,740 13/145,999,590776,47078,24506,854, ,393 14/155,994,643723,333283,64707,001,623+80,925 15/16 7,219, ,629 Total -47,730

Mil Revenue Increase

Recent Taxing history 05/0606/0707/0808/0909/1010/1111/1212/1313/1414/1515/16 Act 1 Limit mils N/A Potential Dollars N/A161,809160,034233,661232,596174,94486,336120,984119,280149,100134,013 Actual Mil Increase 26 *5.85 *3.5 * *00TBD Actual $ Increase 142,00426,000415,350248,500230,750170,400497,000-71,00000TBD Billed Millage Rate TBD

Tax & State Increases vs. PSERS & Health Increases