1. Community Forum March 19, 2018

2. BUDGET TIMELINE

3. Revenues

4. COMPARISON OF REVENUES 17-18 Estimates to 18-19 Budget

5. Revenues

6. Expenses

7. COMPARISON OF EXPENSES 17-18 Estimates to 18-19 Budget

8. Expenses

9. Bottom Line

10. ACT 1 INDEX
Act 1 index for is 2.4%, but using 2.5% due to re-assessment
Additional mills allowed
Current rate
New rate would be
However, new mill rate needs to be set due to re-assessment
There are only two exceptions remaining that could push the additional mills allowed up: special education and retirement
Special education = $461,324
Retirement = $9,403

11. CV’S ACT 1 HISTORY

12. BUDGET SUMMARY
Total Revenue = $67,823,017
Total Expenses = $71,364,541
(3,541,525)
Act 1 Index = ,097,828
(2,443,697)
PSERS Escrow = ,000
(1,843,697)
HSA Fund Balance= ,000
(1,593,697)
Exceptions = ,727
(1,122,970)

13. ANNUAL EXPENSE INCREASE VS. ACT 1 REVENUE
Year-to-year increase of expenses in the budget’s top 3 areas: salary, healthcare and retirement contributions.
…and the revenue earned by taxing at Act 1 Index.

14. DEBT SERVICE