1. 2019-2020 PRELIMINARY BUDGET Melanie Gehrens, Ed.D. Superintendent
Joshua Sweigard
Business Manager
March 12, 2019

3. MISSION STATEMENT
Bristol Township School District will prepare and empower our students to be productive, competitive members in an ever-changing global society

4. District Beliefs We believe all individuals can learn and achieve.
We believe understanding and respecting diversity strengthens our educational community.
We believe a safe and healthy learning environment for all is essential for success.
We believe in providing high-quality, standards-based instruction for all students.
We believe an effective partnership of families, staff and community will improve opportunities for student success.
We believe students will be empowered to become life-long learners and effective members of society.
We believe all successes should be acknowledged and celebrated.

5. PRELIMINARY BUDGET OVERVIEW:
TOTAL ESTIMATED REVENUES
$ 137,086,589
$ ,677,806
TOTAL ESTIMATED EXPENDITURES
$ 141,579,009
$ ,872,700
SURPLUS/(SHORTAGE)
$ (4,492,420)
$ (3,194,894)

6. BUDGET OVERVIEW

7. BUDGET OVERVIEW Preliminary State budget has nominal increases
Expenditures:
State mandated costs and health insurance costs continue to outpace revenue growth and include:
Health Insurance Premiums
Charter School Tuitions
Special Education Costs
PSERS Retirement Contribution Rates
Costs mandated by the Commonwealth and other outside institutions continue to drive up costs in the District at a rate that outpaces the District’s taxing ability. In order of most to least costly to the District:
PSERS Retirement Contribution Rates
Health Care Costs
Special Education
Charter School Tutions

8. BUDGET OVERVIEW (cont’d)
Revenues:
Preliminary budget does not include a real estate tax increase
State revenues to increase due to:
Increase in PSERS and Payroll Tax reimbursement to match ~50% of what BTSD pays
Slight increases in Basic Education Subsidies
Federal revenues expected to remain flat
Preliminary budget does not include any RE tax increases
Local tax revenues anticipated to be flat from year to year due to little growth in assessed values.
State tax revenues expected to increase partially due to Governor Tom Wolf’s budget which includes increases in the Basic Education Subsidy and Special Education Funding. Decreases are budgeted in Transportation.
State revenues will continue to increase for their share of retirement contributions and social security.
Federal revenues continue to remain flat.

9. YEAR TO YEAR: Expenditures
FINAL BUDGET TOTAL EXPENDITURES
$ ,272,000
HEALTH CARE COSTS
786,149
CHARTER SCHOOLS
575,249
SPECIAL EDUCATION
419,757
RETIREMENT
391,508
CBA CONTRACTUAL SALARY INCREASES
262,487
ALL OTHER BUDGETED DISTRICT COSTS
165,550
BUDGETED TOTAL EXPENDITURES
$ ,872,700
How did we get here?
Retirement – PSERS as discussed
Debt Service – 2017 Bond issue is the primary reason for the increase
Level of debt service at BTSD is average compared to all Bucks County school districts.
Salary increases per bargaining unit contracts, less agreed upon cost sharing of medical expenses
Health care premiums increased by 7% - some savings were realized by enrollment reductions.
Special Education non-salary costs primarily include tuitions and services provided by the IU
ATVS number is a contingency, numbers from ATVS typically don’t arrive until March/April.
* RETIREMENT TO BE OFFSET BY STATE CONTRIBUTION OF $393,075, NET COST $393,075

10. 2019-2020 BUDGETED EXPENDITURES BY OBJECT
Where is the District’s money spent?
Most of the District’s budget is for Salaries and Personnel costs.
Tuition to other schools includes tuition paid to ATVS and PA Charter Schools. Also includes tuition to other public schools for shared education costs.
Tuition to other schools also incudes transportation services.
Purchased instruction services includes payments for shared education with Bucks Co IU and other special education services.

11. HISTORICAL COST DRIVERS
Actual
Budget
PENSION
$ 13,786,033
$ 15,203,927
$ 16,590,296
$ 17,471,365
$ 18,353,501
$ 18,745,009
SPECIAL EDUCATION (NON-SALARY)
$ 12,837,465
$ 14,220,165
$ 14,734,573
$ 15,687,466
$ 15,890,886
$ 16,310,643
CHARTER SCHOOLS
$ 5,394,490
$ 4,759,442
$ 5,962,849
$ 5,552,903
$ 5,627,903
$ 6,203,152
HEALTH CARE COSTS, NET
$ 10,626,933
$ 10,967,085
$ 11,519,369
$ 10,930,949
$ 11,512,343
$ 12,298,492
DEBT SERVICE
$ 8,275,798
$ 9,098,111
$ 9,909,837
$ 9,864,201
$ 10,453,814
$ 10,429,421
DISTRICT OTHER EXPENSES
$ 77,240,915
$ 76,346,394
$ 75,039,548
$ 77,862,902
$ 79,433,553
$ 79,885,983
TOTAL DISTRICT EXPENDITURES
$128,161,634
$130,595,124
$133,756,472
$137,369,786
$141,272,000
$143,872,700
The table shows the largest cost drivers in the District from They include:
Pension
Special Ed
Charter Schools
Health Care
Debt Service
All other costs in the District have been cut or relatively flat over this period of time.

12. HISTORICAL COST DRIVERS 2011-2012 TO 2019-2020
Graphical representation of the direction and rate at which costs are increasing.

13. PSERS CONTRIBUTION RATES
Red column is the current year. We are near the top of the curve, however the top of the curve keeps changing.

14. Aggregate Debt Service
BTSD Debt Schedule
TOTAL PRINCIPAL AND INTEREST
Period Ending
Series of 2003 Note
Series of 2013
Series of 2016
Series of 2017
Aggregate Debt Service
6/30/2017
$ ,720.00
$ 7,660,550.00
$ ,933.71
$ ,820.00
$ ,703,468.39
6/30/2018
72,520.00
7,660,350.00
590,705.00
1,163,780.00
9,888,794.73
6/30/2019
72,240.00
7,663,250.00
594,705.00
1,681,880.00
10,410,240.60
6/30/2020
71,880.00
8,010,500.00
593,105.00
1,679,380.00
10,354,865.00
6/30/2021
72,420.00
8,010,000.00
591,105.00
1,688,880.00
10,362,405.00
6/30/2022
71,860.00
8,012,160.00
593,705.00
1,684,920.00
10,362,645.00
6/30/2023
72,200.00
8,007,110.00
593,955.00
1,678,990.00
10,352,255.00
6/30/2024
8,009,297.50
593,905.00
1,681,165.00
10,356,787.50
6/30/2025 -
8,084,685.00
591,315.00
1,667,165.00
10,343,165.00
6/30/2026
8,082,685.00
593,002.50
1,675,615.00
10,351,302.50
6/30/2027
8,083,485.00
594,002.50
1,671,495.00
10,348,982.50
6/30/2028
8,081,985.00
594,290.00
1,670,475.00
10,346,750.00
6/30/2029
8,083,785.00
593,840.00
1,667,737.50
10,345,362.50
6/30/2030
8,081,397.50
592,140.00
1,667,562.50
10,341,100.00
6/30/2031
8,083,510.00
595,140.00
1,664,862.50
10,343,512.50
6/30/2032
8,084,335.00
592,690.00
1,659,550.00
10,336,575.00
6/30/2033
8,082,060.00
594,940.00
1,654,950.00
10,331,950.00
6/30/2034
8,083,437.50
595,640.00
1,653,550.00
10,332,627.50
6/30/2035
8,081,350.00
590,852.50
1,655,150.00
10,327,352.50
6/30/2036
8,081,762.50
590,740.00
1,649,950.00
10,322,452.50
6/30/2037
8,083,000.00
1,647,750.00
10,325,890.00
6/30/2038
8,084,275.00
592,390.00
1,648,350.00
10,325,015.00
6/30/2039
8,084,775.00
594,107.50
1,646,750.00
10,325,632.50
6/30/2040
8,080,275.00
595,115.00
1,628,250.00
10,303,640.00
6/30/2041
595,412.50
1,626,000.00
10,301,687.50
6/30/2042
8,086,450.00
1,620,000.00
9,706,450.00
6/30/2043
8,083,200.00
$ ,100.00
$224,371,995.00
$ 14,833,876.21
$ 42,369,144.83
$ 283,828,896.60

15. OTHER DISTRICT EXPENSES - HISTORICAL
While mandated costs, and other costs have increased, the District’s other expenses remain relatively flat. Other expenses include salaries, benefits not including retirement and health, books, operations, transportation, athletics.

16. ACT 1 VERSUS MANDATED COST INCREASES
2.10%
18.76%
2.20%
20.40%
2.70%
14.55%
2.40%
16.22%
3.10%
8.71%
3.30%
9.12%
3.34%
3.00%
3.47%
Average cost increases compared to ACT 1.

17. BUDGET NOTES Staffing is currently budgeted in line with 2017-2018
No attritional savings have been included
Certain expenditures include worst case scenarios
No increases budgeted for unsettled contracts

18. BUDGET NOTES
Still waiting on final federal revenue budget to be released – will directly impact the programs they fund

19. 17 - 18 Actual 18 - 19 Budget 19 - 20 Budget
1100
Regular Education
100
Salaries
27,647,325
29,611,481
29,609,981
200
Benefits
18,129,970
19,415,774
20,149,742
300
Purch Prof & Tech Srvs
604,229
755,900
400
Purch Property Srvs
1,664
11,109
7,109
500
Other Purchased Srvs
3,100,702
3,397,994
3,224,643
600
Supplies
749,065
810,209
851,905
700
Property
44,985
10,189
800
Other Objects
360
50,278,300
54,012,656
54,609,469
1200
Special Education
9,228,503
9,491,500
9,491,851
5,916,107
6,231,463
6,469,140
10,813,561
11,625,214
11,957,870
23,493
5,721,424
5,113,970
6,128,014
37,719
70,091
70,299
5,576
13,500
31,722,890
32,545,738
34,154,167
1300
Vocational Education
566,408
579,256
360,239
381,201
396,842
11,698
10,000
670
2,900
5,306,561
5,217,312
5,269,465
47,144
57,244
58,144
125
1,000
6,292,845
6,248,913
6,317,607

20. 17 - 18 Actual 18 - 19 Budget 19 - 20 Budget
1400
Other Instr. Programs
100
Salaries
62,601
93,967
200
Benefits
34,584
79,604
68,042
300
Purch Prof & Tech Srvs
87,653
115,254
47,172
400
Purch Property Srvs
500
Other Purchased Srvs
686,027
649,446
594,547
600
Supplies
6,377
6,950
700
Property
800
Other Objects
877,242
945,221
810,678
1500
Non Public Programs
60,309
45,000
60,709
1800
Pre-Kindergarten
1,693
1,900
787,915
787,600
892
1,000
790,500

21. 17 - 18 Actual 18 - 19 Budget 19 - 20 Budget
2100
Pupil Personnel
100
Salaries
2,533,145
2,707,855
2,724,415
200
Benefits
1,611,099
1,773,398
1,851,993
300
Purch Prof & Tech Srvs
41,100
77,800
74,500
400
Purch Property Srvs
3,858
500
Other Purchased Srvs
4,246
13,200
13,100
600
Supplies
43,507
66,216
67,216
700
Property
800
Other Objects
555
4,237,510
4,638,869
4,731,624
2200
Instructional Staff
2,086,251
2,152,128
2,176,730
1,463,911
1,415,604
1,482,710
269,031
202,916
81,916
120,564
116,963
118,063
17,172
37,598
34,125
196,197
366,653
371,314
1,455
278,936
329,936
5,000
4,154,681
4,575,798
4,599,793
2300
Administration
2,963,188
3,075,302
3,169,439
1,884,610
2,037,038
2,166,192
686,493
568,300
586,500
6,600
41,978
173,431
173,532
40,889
65,725
67,071
15,000
10,000
30,760
27,350
27,303
5,647,918
5,968,746
6,206,637

22. 17 - 18 Actual 18 - 19 Budget 19 - 20 Budget
2400
Pupil Health
100
Salaries
787,745
810,483
806,307
200
Benefits
536,220
533,308
550,272
300
Purch Prof & Tech Srvs
25,334
77,583
67,379
400
Purch Property Srvs
658
4,800
500
Other Purchased Srvs
1,277
3,635
3,835
600
Supplies
31,584
42,397
42,897
700
Property
190
3,000
800
Other Objects
130
1,383,138
1,475,336
1,478,620
2500
Business
660,779
676,764
672,524
420,260
443,354
457,012
8,300
99,333
117,411
104,810
17,332
23,135
20,050
8,863
4,750
4,300
1,591
525
1,775
1,216,458
1,265,939
1,260,471
2600
Operations
3,196,656
3,220,153
3,299,406
2,033,097
2,112,837
2,244,466
8,471
43,400
58,400
1,196,921
1,548,500
1,564,500
489,250
369,380
349,880
589,668
837,500
842,500
15,075
11,132
10,440
7,540,270
8,142,211
8,369,592

23. 17 - 18 Actual 18 - 19 Budget 19 - 20 Budget
2700
Student Transportation
100
Salaries
1,185,605
1,120,330
1,170,378
200
Benefits
768,464
529,561
561,620
300
Purch Prof & Tech Srvs
549,750
580,000
400
Purch Property Srvs
489,513
521,000
418,800
500
Other Purchased Srvs
4,187,339
4,561,604
4,343,468
600
Supplies
338,949
390,250
474,214
700
Property
800
Other Objects
375
7,519,620
7,703,120
7,548,855
2800
Support Services - Central
293,334
314,488
312,515
268,287
217,903
222,425
106,155
127,200
124,200
1,000
4,298
19,000
200,803
245,802
230,802
674
1,359
873,551
926,752
911,301
2900
Other Support Services
64,176
33,000
65,000

24. 17 - 18 Actual 18 - 19 Budget 19 - 20 Budget
3200
Student Activities
100
Salaries
533,523
553,096
562,522
200
Benefits
214,991
240,448
246,727
300
Purch Prof & Tech Srvs
109,601
140,793
142,803
400
Purch Property Srvs
29,583
41,900
43,400
500
Other Purchased Srvs
22,113
27,100
50,100
600
Supplies
103,235
150,358
138,852
700
Property
16,164
11,381
16,624
800
Other Objects
34,320
46,420
52,525
1,063,530
1,211,496
1,253,552
3300
Community Services
764
110,994
115,500
11,526
24,411
123,284
140,411
5100
Debt Service
6,901,912
6,820,181
6,663,918
900
Other Uses of Funds
3,007,936
3,633,633
3,765,503
9,909,848
10,453,814
10,429,421
5900
Budgetary Reserve
150,000

25. REVENUES BY SOURCE

26. Year to Year: Revenues 2018-2019 FINAL BUDGET TOTAL REVENUES
$ ,272,000
LOCAL REVENUES:
REAL ESTATE TAXES (WITHOUT RATE INCREASE)
$ ,986
INVESTMENT INCOME
243,227
ALL OTHERS
49,570
599,783
STATE REVENUES:
BASIC ED SUBSIDY
318,734
PSERS REIMBURSEMENTS
273,148
PRE-K COUNTS
(82,298)
81,903
591,487
FEDERAL REVENUES:
TITLE I
(83,428)
TITLE IV
(4,792)
TITLE III
(8,246)
(39,201)
(135,667)
BUDGETED TOTAL REVENUES
$ ,872,700

27. 2019-2020 Revenue Changes Local revenues: State revenues:
Slight increase in assessment to date
Increase in investment rates
State revenues:
Governor’s budget included increases in the Basic Education Subsidy and Special Education Funding.
Pre-K funding anticipating increase
No reductions noted in state funding to the District

28. 2019-2020 Revenue Changes Federal Revenues:
Continue to remain flat from year to year

29. Revenues by Source: Historical

30. Local Revenues 2015-2016 Actual 2016-2017 Actual 2018-2019 Budget
Current Real Estate Taxes
$ 79,702,359
$ 82,441,749
$ 83,264,880
$ 83,571,866
Public Utility Realty Taxes
89,822
86,523
86,000
89,000
Current Act 511 Taxes - Flat Rate Assessments
34,987
Payments in Lieu of Taxes
83,764
97,886
85,000
90,000
Current Act 511 Taxes - Proportional Assessments
89,529
92,523
73,243
79,000
Delinquencies on Taxes Levied
1,085,733
1,286,711
1,000,000
1,100,000
Earnings on Investments
540,942
575,497
550,000
554,000
Revenues from District Activities
5,163,930
4,556,375
4,326,000
Revenues from Intermediary Sources - Pass Through
224,144
623,485
406,773
650,000
Rentals
25,508
45,196
25,644
Contributions and Donations
1,595,307
2,017,510
1,513,991
1,409,749
Tuition from Patrons
74,469
133,979
37,555
Community Service Activities
160,501
198,629
Refunds and other Misc. Revenue
253,719
200,336
277,225
292,225
Energy Incentive Rebates
35,230
17,218
30,000
40,000
$ 89,214,829
$ 92,768,171
$ 91,764,884
$ 92,364,667

31. State Revenues 2016-2017 Actual 2017-2018 Actual 2018-2019 Budget
Basic Ed Subsidy
$ 20,522,888
$ 20,921,217
$ 21,248,902
$ 21,567,636
Tuition for Orphans & Private Home Placements
111,699
95,951
95,000
125,000
Special Ed Funding
4,802,257
4,925,729
4,896,888
4,921,372
Pre K Counts
792,665
790,500
832,298
750,000
Transportation
1,930,857
2,051,315
1,834,314
1,855,000
Rental & Sinking Fund Payments
108,614
2,060,890
Health Services
131,450
131,679
126,982
State Property Reduction Allocation
3,391,128
3,390,909
3,390,935
Tutoring
17,784
Accountability Block Grant
1,029,712
Social Security
2,117,681
2,026,914
2,082,264
2,090,979
Retirement
8,235,095
9,168,443
9,099,357
9,372,505
$ 43,191,830
$ 46,593,258
$ 45,386,652
$ 45,978,139

32. Federal Revenues Other Financing Sources 2016-2017 Actual
Budget
Budget
Title I
$ 1,768,388
$ 1,758,617
$ 1,683,429
$ 1,600,000
Title II
324,901
263,615
264,792
260,000
Title III
48,338
56,378
58,246
50,000
Title IV
26,372
114,201
75,000
21st Century Grant
Restricted Federal Grants
19,158
5,091
Medical Access
421,913
405,842
350,000
$ 2,582,698
$ 2,515,914
$2,470,668
$ 2,335,000
Other Financing Sources
Other Extended Term Financing
$ 358,167
$ 488,410
$ 0
358,167
488,410
TOTAL REVENUES
$ 135,347,524
$ 142,365,754
$139,622,204
$140,677,806

33. Historical Assessment Changes

34. Revenues: Interest Income

35. Bucks Countywide: Tax Rates
School District
Real Estate Mills
Median Assessment
Median Tax Bill
Bensalem Township SD
22,595
3,597
Bristol Borough SD
16,400
2,526
Bristol Township SD
17,600
3,874
Centennial SD
26,400
3,723
Central Bucks SD
37,480
4,651
Council Rock SD
38,880
4,806
Morrisville Borough SD
18,400
3,805
Neshaminy SD
27,200
4,338
New Hope-Solebury SD
54,040
5,406
Palisades SD
34,280
3,918
Pennridge SD
30,880
4,177
Pennsbury SD
28,000
4,691
Quakertown Community SD
25,790
4,240

36. Bucks Countywide: Average Tax Bill

37. Bucks Countywide: Instructional Expenses
Total Instructional Expenditures
Total Expenditures
School District
Enrollment
Per Pupil
Rank
Central Bucks SD
18,257
179,969,021.62
9,857.54 1
$324,142,609.91
17,754.43
Pennridge SD
7,158
78,348,269.00
10,945.55 2
$134,032,414.00
18,724.84
Centennial SD
5,496
67,082,594.72
12,205.71 3
$114,742,172.37
20,877.40
Quakertown SD
5,163
63,534,336.96
12,305.70 4
$104,153,489.26
20,173.06
Pennsbury SD
10,035
125,442,334.02
12,500.48 5
$204,511,562.51
20,379.83
Bristol Borough SD
1,263
16,258,804.22
12,873.16 6
$23,669,961.95
18,741.06
Neshaminy SD
8,783
113,787,542.45
12,955.43 7
$174,898,609.63
19,913.31
Council Rock SD
10,989
144,008,558.14
13,104.79 8
$226,944,664.58
20,651.99
Bristol Township SD
6,420
86,978,301.09
13,548.02 9
$131,199,397.89
20,436.04
Bensalem Township SD
6,431
95,826,015.33
14,900.64 10
$148,203,622.68
23,045.19
New Hope-Solebury SD
1,432
21,529,977.85
15,034.90 11
$38,785,105.00
27,084.57
Palisades SD
1,526
23,584,261.29
15,454.95 12
$42,027,509.36
27,540.96
Morrisville Borough SD
846
13,852,695.00
16,374.34 13
$20,600,464.00
24,350.43
Average
6,446
79,246,362
13,235
129,839,353
21,513

38. Revenue Notes Preliminary budget does not include a tax increase
Act 1 Index for is 3.0% and would be equal to 6.60 mills
Increasing real estate tax millage by 3.0% would generate approximately $2.2M in revenue
Average tax bill would increase by $116 if taxes are increased by the Act 1 Index

39. General Fund Summary Total Estimated Revenues $ 140,677,806
$ ,677,806
Total Estimated Expenditures
143,872,700
Surplus / (Shortage)
(3,194,894)
Act 1 Property Tax Index - 3.0%
2,591,108
Surplus / (Shortage) with Tax Increase
(603,786)
Total Projected General Fund Balance as of 06/30/19
20,830,795
Projected Reserves with Tax Increase
20,227,009
Projected Reserves without Tax Increase
17,635,901

40. Not Included in the Budget
Proceeds from the sale of vacant elementary schools (if sold)
Effects of unsettled contracts
Savings from using non-District staff
Pending R/E Tax settlements

41. Future Budget Meetings
April 2, 2019:
Discussion of Curriculum, Athletics & Special Education budgets
April 30, 2019:
Discussion of Federal Programs, Operations, Information Technology & Transportation budgets
June 18, 2019
Final Budget Meeting/Workshop