1. Salaries 2014-15 2015-16 $11,814,291 $12,076,529 Assumes contracted increases Assumes 3% increases where not contracted

2. Benefits—Insurance 2014-15 2015-16 $2,712,872 $2,946,060 Assumes a 8% increase for health care costs…actual increase unknown at this point Includes: Health care, vision care, dental, and life (Assumes 5% increase)

3. Benefits--Retirement 2014-15 2015-16 $ 2,503,156 Budgeted rate 21.18% of payroll $ 3,077,035 Unique Items: Budgeted rate 25.48% of payroll

4. Benefits--Other 2014-15 2015-16 $1,059,877 $1,076,097 Includes: Social Security, Unemployment and Workers Compensation Increase in retirees healthcare costs Tuition Reimbursement EAP

5. Total Expenditures 2014-15 2015-16 $27,983,847 $29,489,835 Overall increase of 5.4%

6. Revenues 2014-15 2015-16 Local $15,950,713 State $10,668,849 Federal $465,924 Other Financing Source $211,000 Total $27,296,486 Local $16,473,191 State $11,233,204 Federal $485,000 Other Financing Source $211,000 Total $28,402,395 Increase of 4.1%

7. Summary The Preliminary Budget projects a deficit of $1,087,440. Assumes no additional retirements and no program or staffing cuts. Assumes 2.4% increase in local property taxes (Act 1 Adjusted Index), a 2% increase to BIS and a 2% increase to Special Education Subsidy from the state.