1. Fort Cherry School District March 25, 2019
Preliminary Budget
Fort Cherry School District
March 25, 2019

2. 2019/2020 Preliminary Budget

3. 22% of HS Population is Special Ed.
2019/2020 Preliminary Budget
2019/2020 SPECIAL EDUCATION
Emotional Support
Learning Support
Life Skills
Vision
Hearing
Outplaced
Speech
Jr./Sr. High School 31 68 5 1 2 20 32
Elementary Center 18 22
2019/2020
22% of HS Population is Special Ed.

4. - Current assessed values decreased by $1,909,380 from 2018
2019/2020 Preliminary Budget
2019/2020 Budget Highlights
REVENUE
- Current assessed values decreased by $1,909,380 from 2018
(equates to $23,181 in tax dollars)
- Earned Income expected to increase by 1.5%
- State increased Special Ed Funding by 4.40%
- State is reimbursing PSERS contributions around 55%
- Transportation subsidy payments are flat (no increase in 19/20)

5. - New Teachers contract
2019/2020 Preliminary Budget
2019/2020 Budget Highlights
EXPENDITURES
- New Teachers contract
- District moved to ACSHIC (Recognizes $240k savings)
- Addition of new debt (increase of $230k)
- Increase in electrical costs from new air system
- New Jr. High Cheerleading uniforms, Wrestling warm-ups, Baseball uniforms, and Band raincoats
- Transfer of $93,500 to Technology Fund for Chromebook replacements and new devices at Elementary

6. 2019/2020 Preliminary Budget

7. Real Estate Taxes: District Perspective
2019/2020 Preliminary Budget
Real Estate Taxes: District Perspective
Real Estate Millage Increase:
* 1 mill = $559,550
Fort Cherry School District ACT 1 index for 2019/2020 = 3.00%
Additional Real Estate revenue possible through tax increase. District can raise a maximum of 3% or mills
A maximum of $203,804 in additional revenue

8. Real Estate Taxes: Taxpayer Perspective
2019/2020 Preliminary Budget
Real Estate Taxes: Taxpayer Perspective
Real Estate Millage Increase:
* Millage increased based on resident’s assessed property value (District’s avg. value per home = $112,314)
$100k value
$150k value
$200k value
$400k value
Annual Tax Increase with 3% tax increase:
Real Estate Tax bill at mills:
(without H/F Exclusion)
$36.42
$1,250.52
$54.63
$1,875.78
$72.84
$2,501.04
$145.68
$5,002.08

9. 2019/2020 Preliminary Budget

10. Total projected salary increase = $380k
2019/2020 Preliminary Budget
SALARY BREAKDOWN
Total projected salary increase = $380k

11. Total projected benefit decrease = $200k
2019/2020 Preliminary Budget
BENEFIT BREAKDOWN
Total projected benefit decrease = $200k
11%

12. 2019/2020 Budget Summary Total Proposed Revenues $18,110,002
2019/2020 Preliminary Budget
2019/2020 Budget Summary
Total Proposed Revenues
$18,110,002
Total Proposed Expenditures
$18,352,932
Proposed Budget Deficit
$242,930

13. 1. Air Conditioning: Summer 2019 $3,800,000
2019/2020 Preliminary Budget
2019/2020 Bond Issue Projects
1. Air Conditioning: Summer $3,800,000
Option 1: Add HS Auditorium $73,200
Option 2: Add HS Cafeteria $51,250
Option 3: Add Elem Cafeteria $51,250
Option 4: Add HS Gym $71,725
Total Potential AC Cost $4,047,425

14. 2. Outside Lighting Upgrades (LED) $9,000
2019/2020 Preliminary Budget
2019/2020 Bond Issue Projects
2. Outside Lighting Upgrades (LED) $9,000
3. Cafeteria Upgrades (Ovens) $10,000
Total Year 1 Bond Issue = $4,066,425

15. PA Systems (Both Buildings) & Phones $100,000 Total Costs: $200,000
2019/2020 Preliminary Budget
2019/2020 Capital Projects
Dump/Salt Truck $65,000
District Van $35,000
PA Systems (Both Buildings) & Phones $100,000
Total Costs: $200,000

16. Chromebook Replacements @ HS (Approx. 247): $61,750
2019/2020 Preliminary Budget
2019/2020 Technology Fund
Chromebook HS (Approx. 247): $61,750
Chromebooks – Grades 5th & 6th (Approx. 135): $33,750
iPad Elem. (25 iPads): $7,400
JAMF Apple Device Management Software: $12,350
Total Costs: $115,250
($93,500 from General Fund)

17. Fund Balance @ 6/30/2018 2019/2020 Preliminary Budget GENERAL FUND
TECHNOLOGY FUND
CAPITAL PROJECTS FUND
Assigned:
PSERS Rate Increases
$1,450,000 _
Deficit Budget
$185,021
Unassigned
$1,252,050
$333,790
$1,211,236
TOTAL Balance:
$2,887,071

18. Board Considerations….. Personnel:
2019/2020 Preliminary Budget
Board Considerations…..
Personnel:
Mental Health Support
(The following items are included in 19/20 Preliminary Budget)
Supplemental Position for HS Principal
PT Social Worker (Continuation of Safety Grant)
PT Mental Health Consultant (Coordinate Small Groups)
Taxes:
Raise taxes to the ACT 1 index: 3% ~ mills (Additional $203k in Revenue)
(NOT included in 19/20 Preliminary Budget)

19. 2019/2020 Preliminary Budget