1 / 10

BELLEFONTE AREA SCHOOL DISTRICT

BELLEFONTE AREA SCHOOL DISTRICT. PROPOSED FINAL BUDGET 2014-2015. Proposed Final Budget. Total Revenues $43,415,000 Total Expenditures $ 46,200,000 Fund Balance Used $ 2,785,000 Ending Fund Balance $ 3,233,037 Board Policy 7.0%

leola
Download Presentation

BELLEFONTE AREA SCHOOL DISTRICT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BELLEFONTE AREA SCHOOL DISTRICT PROPOSED FINAL BUDGET 2014-2015

  2. Proposed Final Budget • Total Revenues $43,415,000 • Total Expenditures $46,200,000 • Fund Balance Used $ 2,785,000 • Ending Fund Balance $ 3,233,037Board Policy7.0% • Tax Millage 48.2513Act 1 Adj. Index2.7%1.8% • Approved Exceptions $ 436,345 Amount Used $0

  3. 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

  4. OTHER FUNDS • ATHLETIC 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.

  5. FOOD SERVICE – Ticket Prices 2014-2015 School Year

  6. AVERAGE HOMEOWNER

  7. MILLAGE COMPARISONS

  8. BUDGET SCENARIOS • State funds education at or above current (2013-14) 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

More Related