1. HOLLIDAYSBURG AREA SCHOOL DISTRICT
BUDGET INFORMATION SESSIONS

3. NOTEWORTHY DEVELOPMENTS REVENUES
Real Estate Taxes - Real Estate Tax Assessment Increase
4.7 million dollars creating net increase $450,000
Real Estate Transfer Taxes – Based on current collections $ 89,500
Earned Income Taxes – Based on current collections $ 78,000
Ready To Learn Block Grant – Omitted from Proposed Budget
due to uncertainty

7. Other Includes:
Teacher Extra Pay
Department Chairs
Early Retirement Incentives
Schedule C
Medical Opt-Out Payments

8. NOTEWORTHY DEVELOPMENTS SALARIES (OBJECT 100’s)
SAVINGS GENERATED FROM RETIREMENTS
9 Teacher Retirements (Net of Retirement Incentive) ($131,538)
POSITIONS ELIMINATED
Business Office Administrator ($ 58,000)
POSITIONS CREATED
Business Office Assistant $ 20,800
Director of Technology $ 60,000

11. OTHER INCLUDES: TRAVEL ACCIDENT $ 323 LIFE INSURANCE $ 40,197$
LIFE INSURANCE
$ 40,197
INCOME PROTECTION
$ 39,376
VISION
$ 11,704

12. NOTEWORTHY DEVELOPMENTS BENEFITS (OBJECT 200’s)
HEALTH INSURANCE
Consortium Increase of 4% $208,800
Health Insurance Conversion to High Deductible Plan
(Teacher and Administrator Employee Groups) ($778,000)
Health Savings Account-District Contribution $314,050
RETIREMENT CONTRIBUTION
Rate increase from 16.93% to 21.40% $861,835

14. NOTEWORTHY DEVELOPMENTS PURCHASED SERVICES (OBJECTS 300-500’s)
Copier Upgrade from Xerox to Savin ($50,737)
Teacher Substitute Services Conversion $60,000
Legal Services $11,500
Electricity $17,300
Transportation $32,000
Charter School Tuition at Other Charter Schools $126,000

16. NOTEWORTHY DEVELOPMENTS SUPPLIES & EQUIPMENT(OBJECTS 600-700’s)
Supplies – Reductions generated by administrative districtwide review of each department ($32,000)
Natural Gas – Based on current consumption ($36,000)
Transportation Fuel Adjustment Clause ($12,500)
Books – Reductions generated by administrative
districtwide review of each department ($19,200)
Equipment – Determinations made by administrative team
upon building visits and assessments
Total Equipment Budgeted $114,287

17. OTHER INCLUDES: PUBLIC LIBRARY $36,630 REFUND PRIOR YEAR RECEIPTS
$2,000
FOOD SERVICE EQUIPMENT
$4,879

22. HOLLIDAYSBURG AREA SCHOOL DISTRICT MILLAGE IMPACT ON TAXPAYER
No Millage
1.5 Mill
Millage 2.6%
Increase
To Max Act 1
Proposed Revenues
$ 44,325,241
$ 44,616,840
$ 44,811,240
Proposed Expenditures
($44,633,484)
Net Increase/(Decrease) in Fund Balance
($308,243)
($16,644)
$177,756
Average Residential Taxpayer Costs
Average Assessed Value
$14,921
Millage Rate
97.50
99.00
100.00
Tax
$1,454.80
$1,477.18
$1,492.10
Increase/YEAR to the AVERAGE Taxpayer
$0.00
$22.38
$37.30
Increase/MONTH to the AVERAGE Taxpayer
$1.87
$3.11

23. BUDGET FORECASTING MODEL
PROJECTION NOTES
2014/2015
2015/2016
2016/2017
2017/2018
Budgeted Revenues
2% Overall Increase Projected
$ 44,325,241
$ 45,211,746
$ 46,115,981
$ 47,038,300
Mill Increase
$205,000 per mill $
Total Revenue
$ 44,325,241
$ 45,211,746
$ 46,115,981
$ 47,038,300
Budgeted Expenses
Salaries
2% Increase Projected
$ 20,186,836
$ 20,590,573
$ 21,002,384
$ 21,422,432
Retirement
PSERS Projected Rates
$ 4,319,983
$ 5,320,604
$ 6,147,398
$ 6,480,286
Medical Health Care
5% Increase Projected
$ 5,057,369
$ 5,310,237
$ 5,575,749
$ 5,854,537
Other Expenses
No Projected Increases
$ 15,069,296
Total Expenses
$ 44,633,484
$ 46,290,710
$ 47,794,827
$ 48,826,550
Revenues over Expenditures
$ (308,243)
$ (1,078,964)
$ (1,678,847)
$ (1,788,250)
Use of Retirement Rate Stabilization Funds
$ ,451
$ 1,909,353
Projected Ending Deficit/Surplus
$ (308,243)
$ (442,513)
$ (1,042,396)
$ (1,151,799)
$ (2,944,951)
Total Projected Mills Needed thru
14.37