1. 9/20/2018
Budget Review
May 10, 2016
9/20/2018

2. Tentative Adoption of Proposed Final General Fund Budget May 17, 2016
GENERAL FUND FY
Tentative Adoption of Proposed Final General Fund Budget
May 17, 2016
9/20/2018

3. General Fund Revenue 9/20/2018 9/20/2018 FY 15-16 FY 16-17
EXETER TOWNSHIP SCHOOL DISTRICT - GENERAL FUND REVENUE
FY 15-16
FY 16-17
16-17 Proposed Final Budget to Estimate
Final Adopted Budget
Estimate
Proposed Final Budget
FY vs FY 15-16
% of Total Revenue
Comment - Proposed Final Budget
Local Sources
$ 47,618,363
$ ,874,390
$ ,807,450
$ (66,940)
68.5%
Delinquent Collections revised for recent Exeter Plaza payment - Increase of $182k
State Sources
$ 19,965,960
$ ,129,955
$ ,976,030
$ ,074
30.0%
Basic Education Funding - $66k; Special Education Funding $56k
transportation Subsidy $16,386
Federal Sources
$ ,874
$ ,701 $
0.9%
Other Sources
$ ,500
$ ,500
$ ,776
$ ,276
0.5%
Extended Term Financing - Laptop Replacement; Asset cost $25k less than budgeted
Total Revenue
$ 68,253,697
$ ,671,547
$ ,803,957
$ 1,132,410
100%
% Change
1.5%
2.1%
1.7%
9/20/2018

4. BEF & SEF 9/20/2018 School District County 2016-17 BEF
BEF and RTL
Dollar Increase
Percent Increase
Antietam SD
Berks
$3,562,827
$3,409,005
$153,822
4.51%
Boyertown Area SD
$15,546,321
$15,153,180
$393,141
2.59%
Brandywine Heights Area SD
$4,304,839
$4,210,277
$94,562
2.25%
Conrad Weiser Area SD
$6,627,748
$6,435,940
$191,808
2.98%
Daniel Boone Area SD
$8,921,290
$8,725,205
$196,085
Exeter Township SD
$9,151,216
$8,887,182
$264,034
2.97%
Fleetwood Area SD
$6,359,025
$6,159,718
$199,307
3.24%
Governor Mifflin SD
$6,553,010
$6,236,456
$316,554
5.08%
Hamburg Area SD
$7,082,307
$6,888,630
$193,677
2.81%
Kutztown Area SD
$3,477,290
$3,379,684
$97,606
2.89%
Muhlenberg SD
$5,666,389
$5,325,327
$341,062
6.40%
Oley Valley SD
$4,061,636
$3,978,680
$82,956
2.09%
Reading SD
$135,874,213
$128,241,037
$7,633,176
5.95%
Schuylkill Valley SD
$2,911,954
$2,751,303
$160,651
5.84%
Tulpehocken Area SD
$4,261,246
$4,141,348
$119,898
2.90%
Twin Valley SD
$5,657,474
$5,439,947
$217,527
4.00%
Wilson SD
$8,263,485
$7,769,837
$493,648
6.35%
Wyomissing Area SD
$1,666,587
$1,512,689
$153,898
10.17%
School District
County
Proposed SEF
Estimated SEF
Dollar Increase
Percent Increase
Antietam SD
Berks
$600,984
$548,390
$52,594
9.59%
Boyertown Area SD
$3,573,207
$3,365,436
$207,771
6.17%
Brandywine Heights Area SD
$1,072,074
$1,032,384
$39,690
3.84%
Conrad Weiser Area SD
$1,676,987
$1,579,386
$97,601
6.18%
Daniel Boone Area SD
$1,653,987
$1,513,983
$140,004
9.25%
Exeter Township SD
$2,056,231
$1,916,095
$140,136
7.31%
Fleetwood Area SD
$1,338,179
$1,248,726
$89,453
7.16%
Governor Mifflin SD
$2,118,782
$1,994,498
$124,284
6.23%
Hamburg Area SD
$1,447,933
$1,376,450
$71,483
5.19%
Kutztown Area SD
$928,071
$895,217
$32,854
3.67%
Muhlenberg SD
$1,570,125
$1,447,014
$123,111
8.51%
Oley Valley SD
$1,065,742
$1,026,167
$39,575
3.86%
Reading SD
$10,798,906
$10,032,263
$766,643
7.64%
Schuylkill Valley SD
$953,798
$904,125
$49,673
5.49%
Tulpehocken Area SD
$912,436
$866,277
$46,159
5.33%
Twin Valley SD
$1,568,563
$1,480,710
$87,853
5.93%
Wilson SD
$2,408,818
$2,239,480
$169,338
7.56%
Wyomissing Area SD
$830,965
$786,976
$43,989
5.59%
9/20/2018

5. 16-17 ProFinal vs 15-16 Estimate Estimate to Original Budget
9/20/2018
General Fund Expenditures Increase of $73,985 – Special Pay Upon Retirement –Healthcare Premium Increase : May 23, 2016
15-16
15-17
16-17
Major Object / Description
Final Budget 6/16/2015
Budget Estimate
Profinal Budget
16-17 ProFinal vs Estimate
% change
Estimate to Original Budget
100 - Employee Wages
$29,905,482
$29,653,020
$30,415,397
$762,377 3%
-$252,462
200 - Employee Benefits
$18,209,577
$17,910,807
$19,870,702
$1,959,895
11%
-$298,770
Professional & Technical Serv.
$2,241,398
$2,113,671
$1,997,914
-$115,757
-5%
-$127,727
400 - Purchased Property Services
$1,737,526
$1,698,057
$1,763,384
$65,327 4%
-$39,469
500 - Other Purchased Services
$5,024,934
$5,073,348
$5,421,154
$347,806 7%
$48,414
600 - Supplies, Books, Heat/AC, Fuel
$2,227,232
$2,085,988
$2,178,859
$92,871
-$141,244
700 - Property
$635,717
$618,606
$1,275,355
$656,749
106%
-$17,111
800 - Dues, Interest, Claims
$5,047,943
$5,034,702
$5,070,355
$35,653 1%
-$13,241
900 - Principal Payment, Fund Transfers, Reserve
$4,094,747
$3,997,953
$4,169,735
$171,782
-$96,794
Total Expenditures Excluding Major Maint & Improv.
$69,124,556
$68,186,152
$72,162,855
$3,976,703 6%
-$938,404
750/760 - Major Improvements
$637,203
$613,003
$480,500
-$162,503
-25%
-$24,200
Total General Fund Expenditures
$69,761,759
$68,799,155
$72,643,355
$3,814,200
-$962,604
9/20/2018

6. Major Cost Drivers – FY 2016-17 Year to Year Increase
Major Cost Drivers in the Budget
Year to Year Increase
Pension Obligation
$ ,434,000
Employer Contribution Rate Increase from 25.84% to 30.03%%
Contract Wage Increases & Staff Requests
$ ,000
Potential contract increases
Other Benefits
$ ,000
Healthcare Premium Increase 8.5%;
Other Costs
$ ,000
Charter School & Private Placement Tuition Increases
Stem Supplies, Equipment, Clsrm Changes
$ ,000
STEM
Technology Infrastructure
$ ,000
Technology
Financing
$ ,000
Laptop Replacement Financing
Chromebook
$ ,000
Grades 7,8
$ ,629,000
9/20/2018

7. Summary of Revenue, Expense and Fund Balance
Exeter Township School District General Fund Budget
FINAL BUDGET
ESTIMATE
PROPOSED FINAL
$ ,320,091
$ ,965
Act 1 Index
W/Spec Ed exception
Plus Pension Exception
Real Estate Property Tax Rate
Total Revenue
$ 68,253,697
$ 68,671,547
$ 69,803,957
$ 71,124,049
$ 71,415,014
$ 71,858,981
Total Expenditures
$ 69,761,759
$ 68,799,155
$ 72,643,356
Revenue less Expense
$ (1,508,062)
$ (127,608)
$ (2,839,399)
$ (1,519,307)
$ (1,228,342)
$ (784,375)
Fund Balance Components :
Commitments
$ 2,904,460
$ ,904,460
Net Assignments
$ 6,624,300
$ ,404,300
$ ,014,000
$ ,009,000
$ ,909,000
$ ,309,000
Unassigned
$ 5,415,997
$ ,552,451
$ ,103,353
$ ,428,444
$ ,819,409
$ ,863,376
$ 14,944,757
$ 16,861,211
$ 14,021,813
$ 15,341,904
$ 15,632,869
$ 16,076,836
Unassigned Fund Balance as % of Total Expense
7.8%
13.9% 4%
7.5%
8.0%
9.4%
9/20/2018

8. FUND BALANCE
ASSIGNMENTS
COMMITMENTS
9/20/2018

9. Summary of Revenue, Expense and Fund Balance – Reduce Capital Project Commitment by $480,500
Exeter Township School District General Fund Budget
FINAL BUDGET
ESTIMATE
PROPOSED FINAL
$ ,320,091
$ ,965
Act 1 Index
W/Spec Ed exception
Plus Pension Exception
Real Estate Property Tax Rate
Total Revenue
$ 68,253,697
$ 68,671,547
$ 69,803,957
$ 71,124,049
$ 71,415,014
$ 71,858,981
Total Expenditures
$ 69,761,759
$ 68,799,155
$ 72,643,356
Revenue less Expense
$ (1,508,062)
$ (127,608)
$ (2,839,399)
$ (1,519,307)
$ (1,228,342)
$ (784,375)
Fund Balance Components :
Commitments
$ 2,904,460
$ ,904,460
$ ,423,960
Net Assignments
$ 6,624,300
$ ,404,300
$ ,074,000
$ ,069,000
$ ,969,000
$ ,369,000
Unassigned
$ 5,415,997
$ ,552,451
$ ,523,853
$ ,848,944
$ ,239,909
$ ,283,876
$ 14,944,757
$ 16,861,211
$ 14,021,813
$ 15,341,904
$ 15,632,869
$ 16,076,836
Unassigned Fund Balance as % of Total Expense
7.8%
13.9% 5% 8%
8.6%
10.0%
9/20/2018

10. BERKS CO SCHOOL DISTRICTS: 16.17 MILLAGE
Real Estate Mills
As of Apr/May
District FY FY
Change %
Comment
Antietam
36.79
38.04
1.25
3.40%
Boyertown
Berks
23.96
-23.96 %
Brandywine
32.3
32.43
0.13
0.40%
Conrad Weiser
26.32
27.14
0.82
3.12%
Daniel Boone
28.96
0.00%
Exeter
31.25
-31.25
Millage discussion during May
Fleetwood
30.96
-30.96
Governor Mifflin
26.6
27.7
1.1
4.14%
Will be reduced by June
Hamburg
26.46
-26.46
Kutztown
Muhlenberg
27.81
-27.81
Oley
0.491
1.90%
Reading
17.41
-17.41
Schuylkill Valley
26.79
-26.79
Tulpehocken
Twin Valley
Wilson
24.6 25
0.4
1.63%
Wyomissing
0.283
0.95%
9/20/2018

11. MILLAGE IMPACT 9/20/2018 2/17/2016 Berks County
Total Real Estate Residential Assessment
No. of Parcels
Average Assessment
Ave Cost per 1/10 Mill
Ave Cost per 1 Mill
ETSD Average
$ 1,099,046,000
10,178
$ ,983 $ $
Proposed Millage Increase Scenarios
Average Additional Cost Per Household
Act 1 Index
0.9688 $
With Sped Ed Exception
1.1822 $
With SpedEd & Pension Exceptions
1.5078 $
Prior Year Tax Increases
Mills FY
31.25 FY
0.455 $ FY
0.6919
30.795 $ FY
0.1211 $ FY
0.358
29.982 $ FY
1.006
29.624 $ FY
0.834
28.618 $
9/20/2018

12. May 17, 2016 General Fund Budget Resolution
9/20/2018

13. BUDGET CHALLENGES
9/20/2018

14. 9/20/2018

15. 9/20/2018

16. 9/20/2018

17. 9/20/2018

18. 9/20/2018

19. ETSD GENERAL FUND EXPENSE

20. Capital Project BudgetFY
9/20/2018

21. Capital Project Fund Budget
9/20/2018

22. Senior High & Jacksonwald Roof Status
Senior High Roof area may be under warranty. Claim submitted to Firestone; waiting for inspection.
Tremco offered to extend the warranty on the Jacksonwald roof area until next year so the roof management program can be reviewed by the Facilities Committee and new Director of Facilities in order to make an educated decision on roof projects.
9/20/2018

23. CAPITAL IMPROVEMENT FUNDS AVAILABLE
TOTAL CAPITAL PROJECT FUNDS
$ ,665,751
$ 4,386,367
$ 2,418,117
$1,281,055
$ 8,085,539
General Fund
Capital Reserve
2014 Issue
Owatin Creek
FY Projects
$ ,500
$ ,000
$ ,859
$ ,184,251
$ 3,780,367
$ 2,061,258
$ ,306,931
Long-Range Capital Plan
Incl. Cost to Repl roofs
Incl Cost to restore roof
17-18
$ ,100,000
$ 1,615,000
18-19
$ ,155,500
$ 1,465,500
19-20
$ ,672,000
$ 1,932,000
20-21
$ ,000
$ ,000
$ ,837,500
$ 5,922,500
Available
$ ,431
$ 2,384,431
9/20/2018

24. Food Service Budget & Meal PricesFY
9/20/2018

25. Food Service Fund
9/20/2018

26. 9/20/2018