1. East Pennsboro Area School District
March 11, 2019

2. Goals
Balance the budget with a real estate tax increase in the range of 0 to 2.8%
Maintain support for the most important educational needs with the limited funds
Seek & implement direction of the School Board
Maintain and improve District-Wide facilities

3. Timeline April 1, 2019 Budget Committee of the Whole meeting, 6pm
May 2, 2019 Proposed Preliminary Budget approved at the regular Board meeting, 7:30pm
June 13, 2019 Final Budget Adoption at the regular Board meeting, 7:30pm

4. Township Tax Base July 2018 $1,788,843,500.00
August $1,780,807,900.00
September $1,779,297,300.00
October $1,782,475,400.00
November 2018 $1,783,050,900.00
December $1,783,630,900.00
January $1,784,219,000.00

5. Act 1 Index
State Index – 2.3%
East Pennsboro Adjusted Index – 2.8%

6. 10 Year History

7. 300 Series

8. 300 Series

9. Debt Service 800/900

10. Projections

11. Projections

12. Revenue EAST PENNSBORO AREA SCHOOL DISTRICT REVENUE 2.80%
SCHOOL DISTRICT
2.80%
REVENUE
FIVE YEAR PROJECTION
ACTUAL
BUDGET
LOCAL REVENUE
REAL ESTATE TAX
$ 19,688,724
$ 20,557,129
$ 20,834,059
$ 21,353,912
$ ,997,199
$ 22,659,864
$ 23,342,493
$ 24,045,685
$ 24,770,061
$ 25,441,578
PUBLIC UTILITY REALTY
$ ,124
$ ,973
$ ,000
$ ,500
$ ,500
OCCUP PRIV / LOCAL SERVICES TAX
$ ,403
$ ,917
$ ,000
$ ,000
$ ,000
EARNED INCOME TAX
$ 6,160,926
$ 6,360,517
$ 5,900,000
$ 6,400,000
$ ,496,000
$ 6,593,440
$ 6,692,342
$ 6,792,727
$ 6,894,618
$ 6,998,037
REAL ESTATE TRANSFER TAX
$ ,761
$ ,306
$ ,000
$ ,000
$ ,000
$ ,040
$ ,120
$ ,242
$ ,404
$ ,608
DELINQUENT REAL ESTATE
$ ,285
$ ,675
$ ,000
$ ,000
DELINQ PERSONAL TAX
INTEREST ON INVESTMENTS
$ ,878
$ ,568
$ ,000
$ ,000
$ ,000
ADMISSIONS - ATHLETICS
$ ,330
$ ,502
$ ,000
$ ,000
$ ,000
PAY TO PARTICIPATE
$ ,313
$ ,153
$ ,000
$ ,000
$ ,000
FEDERAL REV FROM LEA'S
$ ,438
$ ,811
$ ,538
$ ,538
RENTALS
$ ,209
$ ,958
$ ,000
$ ,000
$ ,000
CONTRIBUTIONS
$ ,275
$ ,699
$ ,000
$ ,000
$ ,000
TUITION
$ ,538
$ ,450
OTHER LEA'S IN PA
$ ,452
$ ,948
$ ,000
$ ,000
$ ,000
REFUND PRIOR YEARS EXPENSES
$ ,570
MISCELLANEOUS REVENUE
$ ,043
$ ,012
$ ,000
$ ,000
$ ,000
TOTAL LOCAL REVENUE
$ 27,915,269
$ 29,057,618
$ 28,444,597
$ 29,619,950
$ ,363,237
$ 31,127,382
$ 31,912,993
$ 32,720,692
$ 33,551,121
$ 34,330,261
STATE REVENUE
$ 6,422,907
BASIC SUBSIDY
$ 6,006,810
$ 6,094,812
$6,422,907
$ 6,699,067
$ ,766,058
$ 6,833,718
$ 6,902,055
$ 6,971,076
$ 7,040,787
$ 7,111,195
READY TO LEARN
$ ,099
$ ,237 $ $
TUITION-SEC 1305/1306
$ ,669
$ ,760
$ ,000
$ ,000
MIGRATORY EDUCATION $
SPECIAL EDUCATION
$ 1,314,410
$ 1,363,076
$1,339,094
$ 1,381,436
$ ,395,250
$ 1,409,203
$ 1,423,295
$ 1,437,528
$ 1,451,903
$ 1,466,422
SPECIAL EDUCATION - EXCESS COST
$ ,340
TRANSPORTATION SUBSIDY
$ ,164
$ ,692
$ ,000
$ ,200
$ ,200
RENTAL/SINKING FUND
$ ,562
$ ,540
$ ,750
$ ,899
$ ,484
MEDICAL / DENTAL SUBSIDY
$ ,765
$ ,470
$ ,000
STATE PROPERTY TAX REDUCTION
$ ,702
$ ,434
$ ,564
$ ,564
OTHER GRANTS
$ ,407
FICA
$ ,105
$ ,578
$ ,891
$ ,521
$ ,064
$ ,876
$ ,252
$ ,210
$ ,766
$ ,939
RETIREMENT
$ 2,163,241
$ 2,380,234
$ 2,517,255
$ 2,709,678
$ ,850,068
$ 2,971,030
$ 3,116,686
$ 3,251,389
$ 3,348,930
$ 3,449,398
TOTAL STATE REVENUE
$ 11,877,527
$ 12,218,280
$ 12,329,051
$ 12,800,216
$ ,044,104
$ 13,246,076
$ 13,490,053
$ 13,727,966
$ 13,930,150
$ 14,136,718
FEDERAL REVENUE
TITLE I
$ ,472
$ ,122
$ ,609
$ ,664
$ ,664
TITLE I (ARRA) $
TITLE II (A & D)
$ ,736
$ ,074
$ ,740
$ ,970
$ ,970
TITLE III
$ ,260
$ ,260
TITLE IV
$ ,000
$ ,000
$ ,941
$ ,941
Title V
DRUG FREE SCHOOLS
ACCESS
$ ,468
TOTAL FEDERAL REVENUE
$ ,676
$ ,196
$ ,349
$ ,835
$ ,835
TOTAL REVENUE
$ 40,172,472
$ 41,694,094
$ 41,195,997
$ 42,996,001
$ ,983,175
$ 44,949,293
$ 45,978,880
$ 47,024,493
$ 48,057,107
$ 49,042,814

13. Projection Summary

14. Tax Options EAST PENNSBORO AREA SCHOOL DISTRICT
TAX OPTIONS FOR
Assessed Value Feb 2018
$ 1,789,208,900
Assessed Value Certified Dec 2018
$ 1,784,219,000 %
Current Tax Rate in Mills
Tax
Index
No increase - Estimate
$ ,424,588
.5% increase - Estimate
$ ,531,711
0.50%
$ 107,123
mills
1.0% increase - Estimate
$ ,638,834
1.00%
$ 214,246
mills
1.5% increase - Estimate
$ ,745,957
1.50%
$ 321,369
mills
2.0% increase - Estimate
$ ,853,079
2.00%
$ 428,492
mills
Increase Base Index - Estimate
$ ,917,353
2.30%
$ 492,766
mills
Adjusted Index - Estimate
$ ,024,476
2.80%
$ 599,888
mills
Impact
Rate
Increase
Median Assessment - March 2018
$ ,000
Base Tax Homestead
$ ,861.05 $
Base Index Homestead - .5%
$ ,871.02 $ $
Base Index Homestead %
$ ,880.97 $ $
Base Index Homestead %
$ ,890.95 $ $
Base Index Homestead %
$ ,900.91 $ $
Base Index Homestead %
$ ,906.89 $ $
Adjusted Index Homestead %
$ ,916.85 $ $

15. Tax Options

16. New Personnel Requests
Psychologist $91,868
Librarian HS/MS $91,514
In School Suspension $91,514
Technology Specialist $62,995
HS Library Aide Hours Inc $3,216
HS Assistant Principal $135,267
Six Lunch Aides MS (STS) $51,386