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Octorara Area School District

Octorara Area School District. 2018-2019 Budget Presentation. April 16, 2018. The General Fund is the operating budget for the 2018 – 2019 school year Capital Funds sufficient to provide capital resources for the next several years Food Service Fund is self funding and solvent

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Octorara Area School District

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  1. Octorara Area School District 2018-2019 Budget Presentation April 16, 2018

  2. The General Fund is the operating budget for the 2018 – 2019 school year • Capital Funds sufficient to provide capital resources for the next several years • Food Service Fund is self funding and solvent • Self Insurance Fund ($1 Million fund balance at year end 2017, a portion will be needed to balance the fund by year end 2018) Octorara Area School District’s Fundsfor 2018 - 2019

  3. Provides the funding for the education of approximately 2,586 students living in the 8 surrounding municipalities located in Lancaster and Chester Counties. • Includes tuition for 187 charter school students • Includes tuition for 98 students attending CCIU Vocational Education Program • Includes tuition for 55 alternative placement students • Provides for transportation for 144 nonpublic students not part of total enrollment Octorara Area School District2018-2019 General Fund BudgetOverview

  4. Provides funding for adjudicated students in correctional facilities/homebound and hospitalized students • Both traditional educational programs for local students as well as Octorara ASD Career and Technical programs for students from 10 different school districts • 15 Administrators 194 Professional Educators 26 Clerical Support 12 Custodial/Maintenance Support and 76 Aides (Head Count) • 8 Buildings, 485,234 square feet Overview

  5. Challenges • Pennsylvania School Employee’s Retirement System Increases • Real-Estate Assessment Growth • Reduced Federal Revenues • Mandated Expenditures (PSERS/Charter School/Special Education) • Health Care Octorara Area School District2018-2019 General Fund Budget

  6. PSERS Retirement Rate History

  7. Mills Increases and PSERS

  8. Salary History

  9. Total Full Time Equivalent Employees

  10. Assessment growth as a portion of PSERS Growth

  11. Federal Revenue Decline vs Local and State Revenue

  12. Federal Revenue Decline vs Local and State Revenue

  13. Required Health Care Premium History $1.5M $2.1M Does not include Stop Loss Premiums, Admin Fees & IBNR * Includes $599,649 in stop loss reimbursement

  14. 2017-18 vs. 2018-19 Expense Summary

  15. 2017-18 vs. 2018-19 Revenue

  16. 2018-19 Final General Fund Budget SummaryAs of April 2018

  17. Questions

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