1. Budget Presentation January 14, 2015 Agenda Review 2014-2015 Estimated Actual Results Review 2015-2016 Budget Timeline Review 2015-2016 Preliminary Budget Assumptions Review Assessment Data and Local Tax Implications Review 2015-2016 Estimated Preliminary Operating Budget Review Estimated Fund Balance 1

2. Budget Presentation January 14, 2015 2014-2015 Estimated Actual Revenue Full Year Estimated Total Local Revenue$ 36,035,581 Estimated Total State Revenue$ 20,665,135 Estimated Total Federal Revenue$ 1,297,340 Estimated Total Receipt of Funds$ 57,998,056 2

3. Budget Presentation January 14, 2015 2014-2015 Estimated Actual Expense Full Year Estimated Instructional Expenses$ 32,071,263 Estimated Support Service Expenses$ 19,106,626 Estimated Non-Instructional Expenses$ 1,482,933 Debt Service$ 6,411,289 Total Estimated Uses of Funds$ 59,072,111 Total Estimated Use of Funds$ 59,072,111 Total Estimated Receipt of Funds$ 57,998,056 Total Estimated Margin$ (1,074,055) 3

4. Budget Presentation January 14, 2015 Budget Timeline January 29Deadline to make Preliminary Budget available for public inspection or Adopt Opt Out Resolution Deadline to publish notice of intent to adopt 2015-2016 Preliminary Budget February 11Adopt Preliminary Budget February 23Deadline to submit Preliminary Budget to PDE March 5Deadline to request approval from PDE for Referendum Exceptions May 13Adopt Proposed Final Budget May 20Deadline to make Proposed Final Budget available for public inspection May 28Deadline to publish notice of intent to adopt Final Budget June 10Adopt Final Budget July 15Deadline to submit Final Budget to PDE 4

5. Budget Presentation January 14, 2015 Assumptions Included in 2015-2016 Preliminary Budget Health Care Costs Increase by 5% PSERS Retirement Costs Increase by 4.44% to 25.84% All Programs and Staffing Remains Constant Local Tax Revenue includes increase to the Act 1 index State Revenue Increase of 3% Federal Revenue remains flat Fund Balance will fund PSERS increase of $1.5M 5

6. Budget Presentation January 14, 2015 School District Taxable Assessed Values as of January 2015 Baldwin Borough $ 921,829,840 Baldwin Township $ 108,811,420 Whitehall Borough $ 784,960,250 City of Pittsburgh $ 14,765,380 Total Assessed Values BWSD $ 1,830,366,890 6

7. Budget Presentation January 14, 2015 Local Tax Implications on Assessed Values Total Assessed Value$ 1,830,366,890 Revenue from 1 mill$ 1,830,367 Current Tax Millage Rate 17.61 mills BWSD 2015-2016 Act 1 Index 2.5% Act 1 Index in Millage.44 Additional Revenue from Index$805,362 Value of Tax Bill Mailings$ 33,038,122 Average Collection Rate 96% Anticipated Revenue from Taxes$ 31,716,597 Less: Property Tax Relief (1,662,258) Estimated Property Tax Revenue$ 30,054,339 7

8. Budget Presentation January 14, 2015 Estimated Local Revenue Breakdown Estimated Local Tax Collection$ 30,054,339 Estimated EIT, Occupation, RE Transfer$ 4,575,000 Estimated Delinquent Tax Collection$ 750,000 Estimated IDEAI Revenue$ 375,000 Estimated Interest, Gate Receipts, Rentals$ 533,000 Estimated Total Local Revenue$ 36,287,339 8

9. Budget Presentation January 14, 2015 Estimated State Revenue Breakdown Estimated Basic Instructional Subsidy$ 9,567,800 Estimated Special Education Subsidy$ 2,581,600 Estimated Transportation, Bond, Medical Reimbursements$ 2,850,000 Estimated Property Tax Relief$ 1,662,258 Estimated FICA and PSERS Reimbursements$ 4,220,000 Estimated Ready to Learn Grant$ 450,000 Estimated Total State Revenue$21,331,658 9

10. Budget Presentation January 14, 2015 Estimated Revenue Projections 2015-2016 Estimated Local Revenue$ 36,287,339 Estimated State Revenue$ 21,331,658 Estimated Federal Revenue$ 1,297,340 Estimated Use of Fund Balance (PSERS)$ 1,500,000 Total Estimated Receipt of Funds $ 60,416,337 10

11. Budget Presentation January 14, 2015 Estimated Expense Projections 2015-2016 Estimated Instructional Expenses$ 32,871,263 Estimated Support Service Expenses$ 19,723,048 Estimated Non-Instructional Expenses$ 1,532,632 Debt Service$ 7,301,401 Total Estimated Uses of Funds$ 61,428,347 Summary Total Estimated Uses of Funds$ 61,428,347 Total Estimated Receipt of Funds$ 60,416,494 Estimated Margin$ (1,011,853) 11

12. Budget Presentation January 14, 2015 Estimated Fund Balance June 30, 2015 Fund Balance at June 30, 2014$ 15,007,214 Estimated Capital Spending 2014-2015$ (3,500,000) Estimated Operational Shortage 2014-2015$ (1,074,055) Estimated Fund Balance June 30, 2015$ 10,433,159 12