1. EAST STROUDSBURG AREA SCHOOL DISTRICT 2015-16 BUDGET FINAL BUDGET 6/15/15

2. BUDGET DRAFTS DRAFT 1PROPOSED FINAL REVENUES$144,101,411$144,054,272 EXPENDITURES$155,816,352$150,511,802 DEFICIT($ 11,714,941)($ 6,457,530)

3. BUDGET ADJUSTMENTS - REVENUES ACCOUNTREVISIONDESCRIPTION Estimated Tax Revenues$470,197Adjustment for H/F Allocation Social Security Reimbursement ($ 13,557)Reduction in Wages Retirement Reimbursement ($ 48,261)Reduction in Wages Title I Allocation$ 91,704Updated Allocation KtO Grant$204,014PDE Received DOE Funding Proceeds from Ext Term Financing $1,244,132Revised based on Computer Leases TOTAL$1,984,229

4. BUDGET ADJUSTMENTS - EXPENSES ACCOUNTREVISIONDESCRIPTION Insurance($ 27,557)Insurance Quotes Grants $ 22,412Revised KtO & Title I Computer Leases ($283,447)Revised based on final pricing & lease rates PV Computer Leases$1,244,132Revised based on computer leases Wages($ 322,214)Staffing Adjustments Benefits($ 286,697)Reduction in Salaries Workers’ Compensation Insurance ($145,000)Insurance Quote TOTAL$ 201,599

5. STAFF ADJUSTMENTS - PROFESSIONAL Sabbatical/Leave Replacements Elementary Teachers TOTAL (3.0) 3.0 0.0 Holding 5 K positions pending final enrollment

6. STAFF ADJUSTMENTS - SUPPORT Student Aides Paraprofessionals TOTAL 3.0 4.0 7.0 Staff Adjustments through resignations, retirements, and LTS positions

7. ELEMENTARY CLASS SIZES GRADE LEVEL2014-15 AVERAGE CLASS SIZE 2015-16 PROJECTED AVERAGE CLASS SIZE K20.5016.41 Grade 120.4820.59 Grade 222.6721.14 Grade 321.5921.50 Grade 424.0523.40 Grade 523.3023.62 All Grades22.0821.24

8. FINAL BUDGET FINAL REVENUES$146,038,501 EXPENDITURES$150,713,401 DEFICIT($ 4,674,090) 2015-16 Budget is $762,208 less than 2014-15 Budget

9. MILLAGE RATES 2014-152015-16DIFFERENCE% CHANGE MONROE180.81179.371.44(0.80%) PIKE123.44123.420.02(0.02%)

10. HOMESTEAD/FARMSTEAD EXCLUSION Homestead/Farmstead exclusion is funded by State gambling proceeds 2015-16 allocation = $4,342,453, a $2,598 decrease from 2014-15 2015-16 eligible properties = 10,368, a 242 property decrease from 2014-15 2015-16 Homestead/Farmstead exclusion of $418.95, a $9.43 increase over 2014-15

11. STILL TO COME State Budget Basic Ed Funding Commission Report - Delayed Governor/Legislative Agreement