1. Draft Budget Presentation Draft 2017-18 Budget
Midd-West School District
1-9-17
Finance Committee Presentation

2. Presentation Outline Act 1 2017-18 Timelines Revenue Analysis
Expenditure Analysis
Expenditure Analysis Trends
Millage Analysis
Building Budget Review
Maintenance / Operations Budget
Information Technology Budget
Central Office Curriculum Budget
Special Education Budget
Appendix

3. First Draft Budget

4. Act 1 2017-18 Timelines 2017-18 adjusted index set at 3.4%
Max millage increase to index is mills
2016 assessment currently at $ 174,808,640 (subject to change)
Max additional revenue to index = $416,709
Pursuant to the resolution passed, the District may not increase tax rates by more than its index when preparing the final budget
Timeline per Act 1
December 5, Index resolution adopted
May 31, Deadline to adopt preliminary budget
June 30, Deadline to adopt final budget & homestead/farmstead exclusion

8. Millage Analysis

9. Unknown Impacts At This Point
PLANCON Phase II, lump sum of future bond subsidy revenue
Busing adjustments with ride length and possible schedule adjustments
Federal political environment and grant (Title I,II) revenue
School property tax elimination bill
2017 Bank Qualified Bond Part II, and any savings in the year

10. Selected Budget Review
Maintenance/Operations
Information Technology
Central Office Curriculum
Special Education

11. Maintenance / Operations Budget

12. Information Technology Budget

13. Central Office Curriculum Budget

14. Special Education Budget

15. Appendix

16. Appendix Outline 2017-18 Millage Information
Assessment Analysis of Snyder County
Ten Year Taxation History
Assessment History
Act 1 Base vs. Adjusted Index
Revenue History
Local Revenue History
Pension Expenditure Analysis
Expenses by Object History
Salary and Benefits History
Debt Schedule
Debt Refund Update

17. Millage Information
Adjusted Index Set at 3.4%, Base 2.5%
Max millage increase to index is mills
Assessment currently at $174,808,640 (subject to change)
Maximum additional revenue to index = $416,709 (subject to change)
CLR (Common Level Ratio) – 5.85
Average Residential Assessment $16,041, Farm $23,281, Commercial and Industrial $47,332
Increase to index would be $2.38 per $1,000 of Assessment

18. Assessment Analysis: Snyder County
Data from October 2016

19. Taxation History

20. Assessment History

21. Act 1 Base vs. Adjusted Index

23. $5,054,727
$4,753,556
$4,619,708
$4,376,080
$3,988,845
$4,233,377
$4,253,585
$3,221,158

24. Pension Expenditure Analysis

27. Debt Schedule

28. Debt Refund Update – Bond Closing