1. June Work Session June 10, 2019 6:00 PM
Final Budget
June Work Session
June 10, 2019
6:00 PM

2. FINAL BUDGET
LASD - FY Final Budget

3. 2019-2020 Final Budget Revenues $33,423,692 Expenses $33,588,105
To/(From) Fund Balance
($164,413)
Savings for Future MS/HS
($152,367)
Priorities
($100,000)
Proposed Final Budget
($416,780)
LASD - FY Final Budget

4. 2019-2020 Revenues Local Revenues State Revenues Federal Revenues
.3581 Millage Increase
All Other local revenue based on 3-year trend
State Revenues
BEF and SEF Budget – Flat Funded
Governor Wolf’s Proposed Budget, LASD will see $98,667 increase
All other funding based on calculation
Federal Revenues
Budget – 7% Decrease in Funding
Title I, Title II, Title IV
Removed Perkins Funding ($17,405 for FY19)
$457,563 in additional revenue
$152,367 goes to savings for new MS
$305,196 for contractual increases, less Federal $$, state mandates (PSERS, cyber school)
2.75 support staff, 2.5 Act 93, 2.9 teachers.
LASD - FY Final Budget

5. Homestead/Farmstead Credit
Year
Assessed Exclusion Per Homestead/Farmstead
Exclusion Tax Per Eligible Homestead/Farmstead
Total LASD Homestead/Farmstead
$17,466
$214.74
$896,075
$17,964
$220.86
$900,074
$18,893
$218.74
$897,480
$19,459
$220.87
$902,819
$20,568
$222.10
$900,896
LASD - FY Final Budget

6. Act 1 Increase of 3%
Assumed Collection Rate of 96.5%
Collected Mill Value of $1,278,111
$36 increase on $100,000 home
$78 increase on $218,776 home
LASD - FY Final Budget

7. Other Financing Sources $120,000
Revenue Source
Amount
Local
$20,264,117
State
$12,706,489
Federal
$333,086
Other Financing Sources
$120,000
Total
$33,423,692
LASD - FY Final Budget

8. Federal Dollars – Loss Perkins funding of $17,000
LASD - FY Final Budget

9. Budget ($33,840,472) divided into Functions, or departments, of expense
64% of budget is instruction
LASD - FY Final Budget

10. Budget ($ 33,840,472) divided into Objects, or subjects, of expense
LASD - FY Final Budget

11. District’s Priorities
Priority
Expense
Admin Restructure
$100,000
District’s Priorities
LASD - FY Final Budget

12. LASD - FY Final Budget

13. Café Budget Recommendation to not increase lunch prices
Elementary - $2.75
Secondary - $2.90
LEAs are not required to use the Price Lunch Equity Tool for FY19-20
Healthy, Hunger-Free kids act 2011
Why no increase? Prices are high compared to other Adams County School Districts. Focusing on a la carte prices.
LASD – Final Budget

14. Final Budget
The budget is the start of a long-term financial commitment to improve the middle and high school buildings, while keeping taxes at or below the adjusted school Act 1 Index. This will require a focus on efficiencies and minimizing costs for the next 3 to 6 years.
LASD - FY Final Budget