Coatesville area school district 2014 2015 preliminary budget
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COATESVILLE AREA SCHOOL DISTRICT 2014 – 2015 Preliminary Budget PowerPoint PPT Presentation


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COATESVILLE AREA SCHOOL DISTRICT 2014 – 2015 Preliminary Budget. Dr. Leonard Fitts, Acting Superintendent Ronald Kabonick, Business Administrator Presented: January 14, 2014. It is all right to disagree with one another as long as we respectfully disagree with one another

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COATESVILLE AREA SCHOOL DISTRICT 2014 – 2015 Preliminary Budget

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Coatesville area school district 2014 2015 preliminary budget

COATESVILLE AREA SCHOOL DISTRICT2014 – 2015 Preliminary Budget

Dr. Leonard Fitts, Acting Superintendent

Ronald Kabonick, Business Administrator

Presented: January 14, 2014


Coatesville area school district 2014 2015 preliminary budget

  • It is all right to disagree with one another as long as we respectfully disagree with one another

  • Regardless of socio-economic background, children have the ability to achieve 

  • It's less about the amount of money and more about the value system a child grows up in.

  • Money doesn’t solve all of our problems


Resource of information

Resource of Information

http://www.pde.state.pa.us


Budget requirements

Budget Requirements

Follow the Act 1 regulations

Adopt a budget by June 30, 2014

Follow PA Department of Education Regulations

Adopt the budget on the Required PDE Form PDE-2028


Understanding the act 1 index

Understanding The Act 1 Index

The base index is calculated by averaging the percent increases in the Pennsylvania statewide average weekly wage and the Federal employment cost index for elementary/secondary schools.

Additionally, for school districts with a market value/personal income aid ratio (MV/PI AR) greater than 0.4000, the value of their index is adjusted upward by multiplying the base index by the sum of 0.75 and their MV/PI AR. 

Coatesville = 2.1% x (.75+.5081) = 2.6%


Act 1 index history

Act 1 Index History


Preliminary budget assumptions

Preliminary Budget Assumptions

  • Level funding of basic education and special education state subsidies

  • PSERS rate increased of 4.5%

  • No line item allowances for future bargaining agreements being negotiated

  • Anticipated tax increase is included within the revenues

  • Keystone To Opportunity Grant is not included


Funding the budget

Funding The Budget


Revenue sources

Revenue Sources


Where does the money go

Where Does The Money Go?


Expenditures by object

Expenditures by Object


Services provided

Services Provided


Future challenges

Future Challenges

Cost of Special Education Services

Funding of Charter Schools

Unfunded Mandates

Limited Resources

PA School Employees Retirement System


Pa school employee retirement system psers rate

PA School Employee Retirement System (PSERS) Rate


Psers projections

PSERS Projections


Revenue value of the act 1 index

Revenue Value of The Act 1 Index


Understanding the anticipated tax increase

Understanding The Anticipated Tax Increase


Chester county school districts

Chester County School Districts


Budget calendar

Budget Calendar


Coatesville area school district 2014 2015 preliminary budget

QUESTIONS

AND

CONCERNS?


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