1. 2018-2019 Proposed Final Budget
May 8, 2018

2. 2018-2019 Proposed Final Budget
% Change fr
Proposed Expenditures
$ ,447,549
1.42%
Proposed Revenues (includes proposed increase in state funding)
$ ,338,480
0.79%
Additional Funding Needed:
$ ,109,069
Yield of one mill of real estate taxes:
$ ,914
Millage
32.56
State Allowable Index (without exceptions)
$ ,031
1.04
3.2% 1

3. Revisions from Draft to Proposed Final
Description
Justification
Amount
Salary & Benefits
Changes based on position changes/STS approval
(4,638)
Special Education
Language Arts Program
90,000
TOTAL EXPENDITURE CHANGES
85,362
Real Estate
Reductions due to PADOT takeovers/April Interims
(11,504)
Interest
Adjustment based on current projections
10,000
IDEA
Additional projection for supplemental share
2,000
Rentals/Use of facilities
Changes in lease rates
5,000
Retirement/Social Security
Adjustments based on projections
6,103
Access funding
Additional drawdown from Access funds for special ed.
TOTAL REVENUE CHANGES
101,599
NET BUDGETARY CHANGES
(16,237) 2

4. Fund Balance Status Unreserved Fund Balance
6/30/2017
$ ,104,741
Projected Fund Balance Usage
$ (200,000)
Projected Unreserved Fund Balance
6/30/2018
$ ,904,741
Unreserved Fund Balance as % of budget
6.25%
5% minimum fund balance per board policy
$ ,322,377
Retirement Stabilization Fund Balance
$ ,948,905
Projected Retirement Fund Balance Usage
$ (300,000)
Projected Retirement Fund Balance
$ ,648,905
Retire. Stabilization Fund Balance as % of budget
3.55% 3

5. Budgetary Options Current Millage 32.56 .50 Mill Increase
.98 Mill Increase (Act 1 Index)
Capital Projects Funding - Option 1 & .97 Millage Increase
Capital Projects Funding - Option 2 & Act 1 Index Allowance (.67 mill increase)
Total Millage
33.06
33.31
33.54
33.60
33.30
% Increase
1.54%
2.30%
3.01%
3.19%
2.27%
Budgetary Deficit
1,109,069
1,105,900
858,630
Retirement FB Use
(300,000)
Remaining Deficit
809,069
805,900
558,630
Additional Mills
413,957
620,936
395,112
188,133
(0)
Projected Unreserved FB
2,904,741
Remaining Unreserved FB
2,509,629
2,716,608
% Of Expenses
5.40%
5.85%
6.25% 4