1. EAST STROUDSBURG AREA SCHOOL DISTRICT
BUDGET
PROPOSED FINAL BUDGET
5/15/17

2. LEGAL REQUIREMENTS
Section 687(a)(1) of the School Code: the District must adopt a Proposed Final Budget no later than May 31, 2017 or 30 days prior to adoption of Final Budget.
Section 687 (a)(2)(i) of the School Code: the Proposed Final Budget must be advertised and displayed 20 days prior to Final Budget Adoption.
Section 312(a) of the School Code: the District must adopt a Final Budget no later than June 30, 2017, unless the State Budget has not been passed.

3. REVENUES

4. DRAFT 1 Anticipated Revenues $153,242,047
Anticipated Expenses $160,947,459
Expenses > Revenues $ 7,705,412

5. BUDGET ADJUSTMENTS -REVENUES
Account
Draft 1
Proposed Final
Change
Reason
R E Tax Revenue
$87,230,000
$88,786,332
$1,556,332
$7.5M Reverse Appeals
Special Ed Funding
$3,919,615
$4,
$128,728
Anticipated Funding
Soc Sec Reimb
$2,704,161
$2,713,575
$9,414
Staffing & Salary Adj
Retirement Reimb
$11,563,043
$11,491,501
($71,542)
DEP Grant $0
$200,000
Propane Buses

6. BUDGET ADJUSTMENTS - EXPENDITURES
Account
Draft 1
Proposed Final
Change
Reason
Salaries
$65,603,022
$64,565,166
($1,037,856)
(23.0) FTE, OT, Subs
Soc Security
$4,913,488
$4,933,773
20,285
Salary Adjust
Retirement
$21,231,669
$20,893,639
($338,030)
Health Insurance
$17,894,097
$18,290,080
$395,983
10.6% Claims Trend past 12 mos
IU Expenses
$5,515788
$5,573,298
$57,510
2nd Midterm Projections
MCTI
$2,051,628
$1,882,758
($168,870)
Approved Budget
Insurance
$613,366
$583,266
($30,100)
Renewals
Sr. Citizens Tax Rebate $0
$550,000
Missed in software conversion
Pupil Services
$212,725
$167,725
$50,000
RTL for Project Fame

7. PROPOSED FINAL Anticipated Revenues $154,966,923
Anticipated Expenses $159,758,538
Expenses > Revenues $ 4,791,615

8. TAX RATES
Section 672.1(a)(1) of the School Code: the District must balance its tax rates in the same proportion as the Market Values as determined by STEB.
Monroe County
(0.00 Mill Increase)
Pike County
(1.64 Mill Increase)
Tax Rate History – to
Monroe County tax rates have fallen 2.95 mills (1.63%)
Pike County tax rates have fallen 5.97 mills (4.63%)

9. NEXT STEPS Evaluate Staffing Needs
Reflect cost savings on the computer leases
Workers’ Comp Self-insurance