1. EAST PENN SCHOOL DISTRICT
BUDGET OUTLOOK
1/14/13

2. EAST PENN TIMELINE
January 14, 2013 – Adopt resolution not to exceed the index
March 25, 2013 – Budget presentation for proposed final budget
May 13, 2013 – Proposed final budget adoption
June 24, 2013 – Final budget adoption for

3. History of East Penn Millage % Increases versus Act 1 Index
Year
East Penn
Act 1 Index
Approved
By PDE
4.40%
3.24%
4.10%
3.85%
2.90%
5.02%
1.83%
1.40%
4.79%
1.30%
1.70%
2.91%
For 2009/10, we had estimated that we would qualify for .87 mils or 2% in exceptions, that we did not apply for.

4. Dollar Value of Exceptions
Referendum Exceptions Approved
Special Education Exception Approved
$1,823,410
$60,887
Retirement Contributions Approved
$835,197
$872,811
Total of Approved Exceptions
$2,658,607
$933,698
Exceptions Used
$325,374 $0
Exceptions Approved, but Not Used
$2,333,233

5. Capsule Look at 2013/14 Budget
1.7% Index
State/Federal Funding Unknown
County-wide Reassessments and Court Appeals
EIT New Collector 2012
Employee Contracts
Retirement Rate – 37% Rate Increase

6. State Sources
Overall state sources are up due mainly to increased expenditures for:
Retirement payments based on the state’s half of retirement contributions for our employees.
State’s share of social security contributions

7. Biggest Factors in Positive Position
Debt Service -We spent $1,379,229 less in ‘11/12 than budgeted (refinancing and low interest on variable debt)
Earned Income Tax – We received $1,037,890 more in ‘11/12 than budgeted (were told to expect lag with switch in collector starting Jan. 2012, but old collectors were still sending funds through June 2012 too)

8. Rental & Sinking Fund Revenue from the state exceeded the budget in ‘11/12 by $994,270 due to $1,250,294 in unbudgeted funds received for Plancon J one-time final project reimbursements. Most of this was for debt service paid in prior years.

9. CHARTER SCHOOL TUITION COST
Charter Schools
Charter Schools
Charter Schools
Charter Schools
Charter Schools
Charter Schools

10. Other Items to Monitor for 2013/14 Budget
Enrollment is starting to increase, especially Special Education students
Transportation contract
Few retirements are expected

11. Summary
This is a constantly moving worksheet. It is a snapshot look at where we are at this point in time.
We stayed well under the index last year even though we qualified for exceptions to exceed the index.
Our ending fund balance was significantly higher than budgeted last year, which will allow us stay within the index in by spending it down.
We are also approaching the budget differently and allowing less to be budgeted in areas that were not spent last year.
We will continue to examine line items and revenues and make adjustments that will be reflected in the March 25 budget draft presentation to try to keep taxes as low as possible without cutting programs.