1. SCHOOL DISTRICT OF HAVERFORD TOWNSHIP
PROPOSED FINAL BUDGET
4/20/17

2. SCHOOL DISTRICT OF HAVERFORD TOWNSHIP
BUDGET TIMELINE – PUBLIC
BUDGET YEAR
DATE
DESCRIPTION
Review Preliminary Budget for
2-2-17
Adopt Proposed Preliminary Budget.
Budget Update. Review Major Assumptions.
Proposed Final Budget & Staffing Discussion.
5-4-17
Adopt Proposed Final Budget
6-1-17
Adopt Final Budget

3. SCHOOL DISTRICT OF HAVERFORD TOWNSHIP 2017-2018 PROPOSED FINAL BUDGET
Increase Vs.
16-17 Budget
Revenue:
Act 1 Index - 2.5% (No Referendum Exceptions)
$ 2,261,000
Assessment Growth
519,000
PSERS - Retirement Contributions
801,000
Medical Access
175,000
Transfer Tax
200,000
Delinquent Tax
Other Revenue
413,000
Expenditures:
Wages
$ 945,000
PSERS Increase from 30.03% to 32.57%
1,581,000
Curriculum Textbooks
600,000
Special Maintenance Projects
252,000
Medical/Prescription Premium Increase 10%
1,104,000
Turf Field Warranty Replacement
210,000
APS/Special Education Non-Public/Private
323,000
DCIU Special Education Services
493,000
Two Additional Teacher Positions
232,000
Other Expenditures
(134,000)
Debt Service:
Principal & Interest Payments
$ ,000

4. SCHOOL DISTRICT OF HAVERFORD TOWNSHIP 2017-2018 PROPOSED FINAL BUDGET
15-16
16-17
17-18
Actual
Adj Budget
Proposed
Millage Rate
% Increase
2.80%
2.50%
Beginning Fund Balance
$ 8,432,669
$ 9,629,193
Revenues:
Local
$ 89,970,004
$ 92,009,607
$ 95,152,989
State
17,742,164
18,585,729
19,839,099
Federal
1,149,973
1,310,674
1,483,176
Other Financing Uses
(723,093) -
Total Revenues
$ 108,139,048
$ 111,906,010
$ 116,475,264
Expenditures:
Labor
$ 51,324,070
$ 52,711,347
$ 53,655,947
Benefits & Fringes
28,028,604
31,494,693
34,231,806
Contracted Services
3,630,814
3,098,047
3,653,545
Utilities & Maintenance
3,300,508
3,830,131
4,066,838
Other Purchased Services
6,835,064
6,970,401
7,413,827
Supplies
2,737,944
3,191,888
3,587,403
Property & Equipment
801,620
557,624
583,906
Dues & Fees/Bond Interest
4,693,900
4,165,879
4,177,992
Bond Principal
5,590,000
5,886,000
6,267,000
Total Expenditures
$ 106,942,524
$ 117,638,264
Subtotal
$ 1,196,524 $
$ (1,163,000)
Ending Fund Balance
$ 8,466,193
Fund Balance as a % of Expenditures
9.00%
8.60%
7.20%