1. 2015-2016 Proposed Final General Fund Budget
Wallingford-Swarthmore School District
Presented: 04/27/15

2. Changes since Preliminary Budget Discussion
Governor Wolf’s SCHOOLS THAT TEACH Initiatives
Proposed $157,153 for Basic Education Funding
Proposed $152,594 for Special Education Funding
Proposed $149,290 in Cyber Charter School Savings
Minor shifts of $ among budget categories
Adjusts for actual costs now known

3. 2015-2016 Expenditure Budget - by major function

4. 2015-2016 Expenditure Budget - by major object

5. Revenue Budget

6. The Proposed Tax Increase
The Proposed Final Budget recommends a local tax increase of 2.56%. To the taxpayer, this means:
ASSESSED VALUE
ANNUAL TAXES
ANNUAL INCREASE
OVER 14-15
$57,000
$2,369
$59
$179,000 (average)
$7,439
$186
$377,000
$15,670
$391

7. Summary Comments The 2015-2016 Budget
Sustains the district’s disciplined approach to the annual budgeting process
Balances expenditure reductions, increased real estate taxes and the use of fund balance
Declines to incorporate an addition $445,000 in tax revenue allotted by PA for burdensome increase of mandatory pension contributions

8. Summary Comments The 2015-2016 Budget
Maintains class sizes and range of academic and co-curricular programs, while providing support of quality improvements in education and technology.

9. Budget Milestones 02/09/15 Preliminary Budget Adoption
03/03/15 Governor Wolf’s Budget Address
04/27/15 Proposed Final Budget Presentation &
Approve Intent to Adopt Final Budget
06/08/15 Final Budget Adoption

10. Wallingford-Swarthmore School District