1. 2017/2018 Proposed General Fund Budget
Middle Bucks Institute of Technology
FEBRUARY 13, 2017

2. Update November 14, 2016 First Look – Budget-to-Budget increase:
General Fund & Lease Rental $424, %
Unknowns:
Contract negotiations
Health Insurance
Retirement
Insurance
Utilities
State and Federal funding
Goal – to be at or under Act 1 Index – 2.5%

3. General Fund & Lease Rental Budget-to-Budget
2017/18
2016/17 $ %
General Fund
$9,615,948
$9,254,304
$361,644
3.91%
Lease Rental
$1,465,996
$1,460,022
$5,974
0.40%
Total Expenditures
$11,081,944
$10,714,326
$367,618
3.43%

4. Assumptions: Teachers’ salaries per MBEA contract
Administrative salaries per Act 93 Agreement
New half time HR position
All other salaries and wages – 3% increase
Health insurance – 1st look 15.4% increase . Second look mid-February & third look mid-March
Retirement – PSERS certified employer rate 32.57%
Provision for known items and reductions for purchased services and supplies
Use of remaining Committed Fund Balance

5. SUMMARY OF BUDGET-TO-BUDGET CHANGE:
DESCRIPTION`
$ CHANGE
% CHANGE
Teacher’s Salaries – net
$85,884
0.93%
Admin & support staff salaries & wages – net
58,196
0.63%
Retirement
164,697
1.78%
Health insurance
63,136
0.68%
Contractual & other statutory benefits
15,410
0.17%
Purchased professional & property services
21,528
0.23%
Purchased services, supplies, equipment & other
(47,206)
(0.51%)
Total General Fund
$361,644
3.91%
Lease Rental
5,974
0.41%
Total Budget-to-Budget
$367,618
3.43%

6. Receipts from Members General fund $7,870,648 $7,452,075 $418,573
2017/2018
2016/2017
$ Change
% Change
General fund
$7,870,648
$7,452,075
$418,573
5.62%
Lease Rental
$1,465,996
$1,460,022
$ 5,974
0.40%
Total
$9,336,644
$8,912,097
$424,547
4.76%

7. Other revenue / transfers / fund balance
2017/2018
2016/2017
$ Change
% Change
Other local
$84,300
$82,300
$2,000
2.43%
State
$1,376,000
$1,288,060
$87,940
6.83%
Federal
$265,000
$281,000
$(16,000)
(5.69%)
Fund balance/other
$20,000
$150,869
$(130,869)
(86.74%)
Total
$1,745,300
$1,802,229
$(56,929)
(3.16%)

8. Other Budgets: Capital Reserve Fund
Funded at discretion of Executive Council using unspent current year budget. Proposed $100,000
Funds can be used for acquisition of program equipment, capital repairs and maintenance to facilities.
Carryover items – Contribution for traffic signal and digital road sign
Campus lighting, concrete repairs & plumbing
Roof work
Deer Run Road entrance

9. Other Budgets: Adult Education $163,868 vs. $152,777
Fall & Spring Adult Evening Programs
Customized Industry Training
Production Fund $295,973 vs. $269,800
Live work by students: Aspirations, Automotive, Salon Extreme & Student Built Modular House
Student workbooks, Cosmetology kits & field trips
Summer Career Exploration Program

10. Other Budgets: Proprietary Fund Fiduciary Student Activities Fund
Li’l Bucks Preschool $219,466 vs. $209,240
Educational programs for toddlers and preschool children
Fiduciary
Student Activities Fund
Skills USA
Future Health Professionals – HOSA
Future Farmers of America – FFA
Pennsylvania Builders Association - PBA

11. Questions?
Next Step:
Final revisions
Board Action – March 13, 2017