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COATESVILLE AREA SCHOOL DISTRICT 2014 – 2015 Preliminary Budget

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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  1. COATESVILLE AREA SCHOOL DISTRICT2014 – 2015 Preliminary Budget Dr. Leonard Fitts, Acting Superintendent Ronald Kabonick, Business Administrator Presented: January 14, 2014

  2. 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

  3. Resource of Information http://www.pde.state.pa.us

  4. 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

  5. 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%

  6. Act 1 Index History

  7. 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

  8. Funding The Budget

  9. Revenue Sources

  10. Where Does The Money Go?

  11. Expenditures by Object

  12. Services Provided

  13. Future Challenges Cost of Special Education Services Funding of Charter Schools Unfunded Mandates Limited Resources PA School Employees Retirement System

  14. PA School Employee Retirement System (PSERS) Rate

  15. PSERS Projections

  16. Revenue Value of The Act 1 Index

  17. Understanding The Anticipated Tax Increase

  18. Chester County School Districts

  19. Budget Calendar

  20. QUESTIONS AND CONCERNS?

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