1. Fort Cherry School District
Financial & Capital Projects Overview

2. OVERVIEW District Finances Prior (Completed) Capital Projects
Proposed Future Capital Projects
District Cuts/Additions
Bond Outline
Comments/Questions

3. Key Components for Funding
Enrollment
Local Revenue
State Revenue
Federal Revenue
State Mandates

4. Enrollment

5. Revenues KEY POINTS TO NOTE:
Millage rates have increased steadily since Prior to that, the millage rate was stagnant for 7 years.
Main source of revenue is from the State (55%)
Fort Cherry remains at 44% funded by local taxpayers.

6. Revenues by source

7. $ amount of Additional Revenue Raised
Millage Rates
School Year
Millage Rate
$ amount of Additional Revenue Raised
123.50
$176,894
$238,316
130.50
$176,072 *
$101,388
$211,221
* Reassessment Year

8. Expenditures KEY POINTS TO NOTE:
Expenditures increases are driven primarily by Contractual Staffing costs and Special Ed costs.
PSERS Employer rates have increased to 33.43%. That is an increase of 2.64% from 2017/2018. We experienced a 16% increase in 2016/2017.

9. PSERS Public school employees’ RETIREMENT SYSTEM
State pension system for all public school employees
Biggest unfunded State Mandate
Employees contribute 6%-12% while the District contributes 33%
In 2018/2019, the District will pay $2,500,000 in PSERS Contributions (~14% of budget)

10. Contractual Costs vs. Remainder of Budget
EXPENDITURES
Contractual Costs vs. Remainder of Budget

11. DEBT SERVICE PAYMENTS

12. facilities Completed Capital Projects
Proposed Capital Improvement Plan (3 Years)
Air Ventilation Options
Programming Changes
Personnel Changes

13. Completed capital projects
Capital Projects completed since 2014
Replacement of Hot Water Boiler
Upgraded District’s Water Lines (eliminated use of water tower)
Replacement of High School and Elementary Roofs

14. 3 YEAR IMPROVEMENT PLAN: 2019-2021

15. 2019 Proposed Projects
Replace four (4) ovens in Elem Cafeteria ~$16,500
Replace two (2) ovens in HS Cafeteria ~ $8,100
Phase 2 or 3 of upgrading lights to LED (both buildings)~ $45,000
Phase 1 of 3 of updating carpet in Classrooms (both buildings) ~ $66,000
TOTAL COSTS for Year 1 = $135,600

16. 2020 Proposed Projects
Repair and paint outside canopies (both buildings) ~$375,000
Replace both buildings’ PA Systems ~ $84,800
Phase 3 or 3 of upgrading lights to LED (both buildings)~ $32,000
Phase 2 of 3 of updating carpet in Classrooms (both buildings) ~ $66,000
TOTAL COSTS for Year 2 = $557,800

17. 2021 Proposed Projects
Phase 3 of 3 of updating carpet in Classrooms (both buildings) ~ $66,000
District parking lots and driveway ~ $250,000
TOTAL COSTS for Year 3 = $316,000

18. Air Ventilation options
THREE OPTIONS FOR AIR VENTILATION:
Nothing (Repair as needed out of GF) ~ $0
Repair and replace all unit ventilators in every classroom ~ $700,000
Replace classroom unit ventilators with Hydronic (hot and chilled) unit ventilators ~ $3,250,000

19. Items cut from list due to AC
Projects cut
Items cut from list due to AC
Locker Room renovation upgrade at High School
Office flooring replacement
District-owned Van
District Salt/Dump Truck replacement
District Bread Truck replacement
Heating and Lighting upgrades at Pole Barn (maintenance building)
Repairs to Chimney at High School
Replacement of High School Gymnasium Bleachers

20. Programming & PERSONNEL

21. CHANGES IN PROGRAMMING FROM 2015-PRESENT
Programming changes
CHANGES IN PROGRAMMING FROM 2015-PRESENT
CUTS ADDITIONS
* Alternative Education * New AP Courses / CHS
* Home Economics * Restorative Programming
* Accelerated Reader (AR) * 1:1 Curriculum at HS
* Tech Lit at Elementary * Innovation/Design Lab
* Full Time Life Skills (Gr. 7-12th)
* STEAM/Makers Space
* Elem 8-day rotation

22. CHANGES IN PERSONNEL FROM 2015-PRESENT
Personnel changes
CHANGES IN PERSONNEL FROM 2015-PRESENT
Eliminated four Administrative positions
Eliminated Business Office Employee
Eliminated Guidance Consultant
Eliminated two IU Aides
Eliminated Part Time Social Worker
Eliminated HS Guidance Secretary
Furloughed Professional Employees
Eliminated Professional positions through attrition

23. BUDGET SUPPLEMENTS Implemented Pay to Participate Fee
Implemented Parking Pass Fee at HS

24. Current PROGRAMMING/PERSONNEL (not required per school code)
ELEM HS
DISTRICT
Math Specialist
Guidance
Pupil Services Director
Vo Ag
Transportation Director
Nurse
AP/CHS Courses
Facilities Director
Gym
Band
Food Service Clerk
Music
Chorus
PIMS Accountant
Library
Art
Safety & Security Officer
STEAM
Technology
Technology Dept.
Extracurricular Sports

25. Total Cost for 3 year plan
Air Conditioning (Chiller Unit): $3,250,000
Generator: $100,000
Proposed Costs for 3 year plan with AC: $4,359,400

26. Annual bond payments Current Bond payment = $255,000 (1.42% of budget)
(Pay until SY 2034)
New Bond Payment:
$2,000,000 Bond = $142,000/year (Pay until SY 2041)
$4,500,000 Bond = $178,000/year (Pay until SY 2048)
TOTAL Bond payment without AC = $397,000 (2.21% of budget)
TOTAL Bond payment with AC = $433,000 (2.41% of budget)

27. TIMELINE Determine amount of Bond ~ October 2018
Obtain Bond ~ October 2018 – December 2018
Advertise (RFP) for Summer 2019 Projects
Complete Improvement plan ~ June 2019 – August 2021

28. PUBLIC COMMENTS