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Octorara Area School District 2018-19 Budget Overview

This presentation provides details on the final budget for the Octorara Area School District for the 2018-2019 fiscal year, with information on revenue increases, retirement rates, and contracted services.

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Octorara Area School District 2018-19 Budget Overview

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  1. Octorara Area School District 2018-2019 Budget Presentation February 19, 2018

  2. 2018-19 Final General Fund Budget Summary

  3. New Information: • Governor’s 2018-2019 proposed budget increases over our current budget amount for BEF, SEF and Career Training revenue by $209,000 • Employer’s retirement rate citified by PSERS – Net reduction of $56,601 (Reduction of $113,202 in expenditures and a reduction of $56,601 in state subsidy revenue) • Contracted Services ? Octorara Area School District

  4. 2018-19 Final General Fund Budget Summary

  5. Questions

  6. Octorara Area School District 2018-2019 Budget Presentation January 15, 2018

  7. New Information: • Act 1 Index • Apply for Exceptions and Pass Preliminary Budget • Can Still Pass Resolution to Stay Within the Index of 3% Chester County and 3.2% for Lancaster County • Employer’s retirement rate citified by PSERS for 2018-2019 is 33.43% Octorara Area School District

  8. 2018-19 Final General Fund Budget Summary

  9. Questions

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