1. BELLEFONTE AREA SCHOOL DISTRICT
PROPOSED FINAL BUDGET

2. Proposed Final Budget Total Revenues $43,415,000
Total Expenditures $46,200,000
Fund Balance Used $ 2,785,000
Ending Fund Balance $ 3,233, Board Policy 7.0%
Tax Millage Act 1 Adj. Index 2.7% 1.8%
Approved Exceptions $ ,345
Amount Used $0

3. ACTUAL
BUDGET
INC (DEC)
PERCENT
% OF EACH
11-12
12-13
13-14
14-15
CATEGORY
BEGINNING FUND BALANCE
$6,076,254
$7,034,746
$8,278,037
$6,018,037
($2,260,000)
-27.3%
REVENUES:
6000 Local Sources
26,895,638
27,801,271
27,705,620
28,457,264
751,644
2.7%
65.5%
7000 State Sources
13,453,602
13,630,771
14,107,379
14,327,136
219,757
1.6%
33.0%
8000 Federal Sources
838,906
1,032,064
677,001
630,600
(46,401)
-6.9%
1.5%
9000 Other Sources
691,821
26,911
0.0%
TOTAL REVENUE
41,879,967
42,491,017
42,490,000
43,415,000
925,000
2.2%
100.0%
EXPENDITURES:
100 Salaries
17,570,802
17,701,602
18,618,586
18,851,760
233,174
1.3%
40.8%
200 Benefits
9,033,256
8,776,598
11,455,656
12,383,364
927,708
8.1%
26.8%
300 Professional Services
846,706
873,715
848,691
941,729
93,038
11.0%
2.0%
400 Purchased Services
873,553
1,715,885
1,280,340
1,358,310
77,970
6.1%
2.9%
500 Other Purchased Services
5,200,910
5,812,604
6,067,421
6,023,602
(43,819)
-0.7%
13.0%
600 Supplies
1,369,037
1,609,487
1,669,949
1,760,519
90,570
5.4%
3.8%
700 Property
1,022,059
127,280
304,225
251,100
(53,125)
-17.5%
0.5%
800 Other Objects
1,763,069
1,367,724
1,630,944
1,592,332
(38,612)
-2.4%
3.4%
900 Other Uses of Funds
4,113,881
2,062,831
2,874,188
3,037,284
163,096
5.7%
6.6%
TOTAL EXPENDITURES
41,793,273
40,047,726
44,750,000
46,200,000
1,450,000
3.2%
CAPITAL EXPENDITURE RESERVE
(871,798)
1,200,000
EXCESS/(DEFICIT) OF REVENUE
OVER EXPENDITURES
958,492
1,243,291
(2,260,000)
(2,785,000)
(525,000)
ENDING FUND BALANCE
$3,233,037
Real Estate Tax Millage
0.8406
1.8%
Fund Balance %
16.8%
20.7%
13.4%
7.0%
Act 1 Base Index
1.4%
1.7%
2.1%
Act 1 Adjusted Index
Allowable Exceptions
$427,317
$278,915
$362,333
$436,345
Exceptions Used $0

4. What is in the Budget? Increase in salaries of 1.3%
Eliminated two LTS positions
PSERS rate increase from 16.93% to 21.40%
Health insurance held flat at $6,500,000
Basic Ed subsidy decreased by $400,000 or 5%
Special Ed subsidy held flat for 7th consecutive year
Reduction of Federal monies by approximately 7%
ABG is not budgeted; could be $169,000

5. OTHER FUNDS ATHLETIC FUND FOOD SERIVCE FUND Budget of $525,000.
General fund transfer increased from $425,000 to $442,000.
Added two assistant junior high soccer coaching positions.
Using $15,000 of fund balance.
FOOD SERIVCE FUND
Budget of $1,567,000.
Decrease of $18,809 in cost of food.
PSERS increase of $26,511.
Food service fund will be self-sufficient based on budget.

6. FOOD SERVICE – Ticket Prices
School Year
Elementary
Secondary
Adult
Breakfast
Lunch
Milk
Bellefonte Area
$1.00
$2.20
$2.50
$3.25
$0.50
Bald Eagle Area
$1.10
$2.30
$3.60
Penns Valley
$0.90
$2.00
$2.35
$3.00
State College
$1.30
$2.40
$1.80
$2.95
Philipsburg-Osceola
$0.85
$2.45
$3.20

7. AVERAGE HOMEOWNER Average Homeowner Assessed Value $49,504
Real Estate Tax Bill 2013
mills
$2,347.04
less projected homestead/farmstead credit
185.71
$2,161.33
Real Estate Tax Bill 2014
$2,388.65
186.09
$2,202.56
Annual Change in RE Taxes for Avg. Homeowner
$41.23
Monthly Change in RE Taxes for Avg. Homeowner
$3.44

8. IF YOUR HOME IS VALUED AT:
INDEX of 1.8%
INDEX of 2.2%
INDEX of 2.7%
Market
Assessed
RE Tax
Gaming $$
$ chg.
$50,000
$25,000
$1,206.28
$186.09
$20.63
$1,210.85
$25.20
$1,217.69
$32.04
75,000
37,500
1,809.42
186.09
31.14
1,816.27
37.99
1,826.53
48.25
100,000
50,000
2,412.57
41.65
2,421.69
50.77
2,435.38
64.46
125,000
62,500
3,015.71
52.16
3,027.11
63.56
3,044.22
80.67
150,000
3,618.85
62.67
3,632.54
76.36
3,653.06
96.88
175,000
87,500
4,221.99
73.17
4,237.96
89.14
4,261.91
113.09
200,000
4,825.13
83.68
4,843.38
101.93
4,870.75
129.30
225,000
112,500
5,428.27
94.19
5,448.80
114.72
5,479.59
145.51
250,000
6,031.41
104.69
6,054.23
127.51
6,088.44
161.72
275,000
137,500
6,634.55
115.20
6,659.65
140.30
6,697.28
177.93
300,000
7,237.70
125.71
7,265.07
153.08
7,306.13
194.14
325,000
162,500
7,840.84
136.22
7,870.49
165.87
7,914.97
210.35
350,000
8,443.98
146.73
8,475.92
178.67
8,523.81
226.56
375,000
187,500
9,047.12
157.23
9,081.34
191.45
9,132.66
242.77
400,000
9,650.26
167.74
9,686.76
204.24
9,741.50
258.98
425,000
212,500
10,253.40
178.25
10,292.18
217.03
10,350.34
275.19
450,000
10,856.54
188.75
10,897.61
229.82
10,959.19
291.40
475,000
237,500
11,459.68
199.26
11,503.03
242.61
11,568.03
307.61
$500,000
$250,000
$12,062.83
$209.77
$12,108.45
$255.39
$12,176.88
$323.82
RE Millage
0.8406
1.0231
1.2968

9. MILLAGE COMPARISONS BALD EAGLE BELLEFONTE PENNS VALLEY STATE COLLEGE
Mills
% chg.
Index
39.76
41.08
37.87
33.72
41.96
5.5%
5.7%
42.97
4.6%
5.4%
38.33
1.2%
5.2%
34.85
3.4%
4.1%
43.68
44.61
3.8%
40.58
5.9%
3.7%
35.90
3.0%
2.9%
46.55
6.6%
2.0%
45.41
1.8%
41.71
2.8%
36.85
2.6%
1.4%
48.55
4.3%
2.4%
46.40
2.2%
43.23
3.6%
37.73
1.7%
50.55
2.3%
47.41
0.0%
2.1%
38.75
2.7%
4.0%
1.9%

10. BUDGET SCENARIOS
State funds education at or above current ( ) levels:
District can use $400,000 or more for either PSERS or Capital Projects or Deferred Maintenance items
District can reopen budget and change Millage rate if bills have not been sent out yet
Combination of the two depending upon the amount of the increase
State funds education below budgeted levels:
District would need to evaluate current programming and/or decrease planned expenditures
District could also use Committed funds for PSERS to offset shortage
District can reopen budget and change Millage rate if bills have not been sent out yet and/or use approved exceptions if needed