1. Southern Huntingdon County School District February 24, 2015
2015/16 Proposed budget
Southern Huntingdon County School District
February 24, 2015

2. The Purpose of the Budget
The purpose of the budget is to provide the resources to operate the educational program of The Southern Huntingdon County School District.
We must responsibly be as vigilant as possible to meet student educational needs and be conscious of the community’s resources.

3. 2014/15 Raised Taxes to Index and Exceptions. Raised $374,207
The Budget Numbers
2014/15
2015/16
Expenses
$15,936,837
$16,886,737
Revenue
$15,313,505
$15,410,656
Deficit
$623,332
$1,416,081
Mill
$109,491
$106,606
Total Millage
39.21
39.21 current
Index
2.9%/1.03
2.7%/1.058
$100,215
$112,789
Index and Exceptions
$374,207
$327,174
Index and Excep
3.83 mills
3.069 mills
Tax Per Taxpayer
$68.23
(Index & Except)
$17.21/$54.94
(Index/I &E)
2014/15 Raised Taxes to Index and Exceptions.
Raised $374,207
Used $623,332 from Fund Balance to balance the budget.

4. Reasons for Increase in Expenses
Salary Increases
Health Insurance Increases
Retirement Obligation Increases

5. Proposed Budget for 2015/16 Expenses = $16,886,737
Revenue = $15,410,656
Deficit = $ 1,476,081
Prposed Changes
Amount
Retirement Insurance
$25,000
Science In Motion Extra
$5,000
Manito
$15,000
Summer School
Maintenance General Supplies
Athletic Officials Salaries
Total Savings
$60,000

6. Raise millage to the Index and Exceptions
Other Possibilities
Retirement Incentive
Use of Fund Balance
Raise to the Index
Raise millage to the Index and Exceptions

7. Recommendation for the 2015/16 Budget
Implement proposed changes
Increase mills to index and exceptions
Balance the budget with fund balance
Cost to each taxpayer =$54.55
$4.55 per month
Earmarked--$902,788 for Retirement from last year’s budget
Amount
Expenses
$16,886,737
Revenue
$15,410,656
Additional changes
$60,000
Index and Exceptions Increase
$327, 174
Fund balance
$1,088,907*
Total $0

8. Questions