December 16, 2015

2 SeptemberBuilding level budgets are prepared and reviewed. OctoberExecutive Council members review and modify controllers’ requests. NovemberBusiness Office reviews budget for correctness in amounts, codes and justifications. DecemberPreliminary budget overview is presented to the Board of School Directors. JanuaryAdoption of the Preliminary Budget. MayProposed Final Budget is presented for approval. JuneFinal budget is presented for approval.

Revenue Budget Due to the market value of properties and the personal income level in the NASD community, the NASD aid (or subsidy) ratio is on the lower tier of allocations among the school districts in PA.

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Expenditure Budget

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 School district options for raising millage: ◦ Index  Based on a formula developed by PDE and the number is provided to the District ◦ Exceptions  Based on special education and retirement expenses ◦ Referendum  Community vote necessary to raise millage above the index and exceptions 11

 Commonwealth Budget  Board approval of this Preliminary Budget in January  Final Budget approval in June  Forecast ◦ Monitored and reported monthly  Index/Exceptions ◦ Amounts to be determined ◦ Not currently reflected in this preliminary budget 12