MOSHANNON VALLEY SCHOOL DISTRICT 2015 2016 PROPOSED BUDGET

MOSHANNON VALLEY SCHOOL DISTRICT 2015 -2016 PROPOSED BUDGET 2 -16 -15

2015 -16 Timeline ü Oct ‘ 14 – PDE issues 2015 -16 adjusted index (2. 8%) ü Nov ‘ 14 – Approve resolution not to increase taxes above index (2. 43 Mills) ü Dec ‘ 14– 15 -16 Budget request forms forwarded to staff ü Jan ‘ 15 – Budget requests forwarded to principals for review ü Feb ‘ 16 - Approved requests forwarded to district office ü Feb-May ‘ 15 - Begin annual bid process & schedule Finance comm. mtgs. § May ‘ 15 – Approve Proposed 15 -16 budget (begin public display) § June ‘ 15 – Advertise intent to adopt final 15 -16 budget § June ‘ 15 – Adopt final 15 -16 budget; release purchase orders

Fund Balance General Fund 10 (as of 6/30/14) § Unassigned $2, 340, 642 § Assigned § Health Ins, Ret, Energy $3, 000, 631 Bldg. Projects $1, 730, 000 *********************** Capital Reserve Fund 22 (Restricted) § Capital Projects ESCO $1, 182, 170

PROJECTION 2015 -16 $13, 663, 648 14 -15: $13, 663, 658 (projected) 13 -14: $13, 821, 922(actual) 12 -13: $13, 293, 570 (actual) 4 yr avg $13. 5 M

State Subsidy § § § $9, 806, 736 Basic Education Funding $6, 638, 674 Special Education $676, 378 Transportation $770, 000 Rental & Sinking fd pmts $327, 000 Retirement $565, 910 (21. 4%) Other $828, 774

Local Revenue $3, 507, 701 § Revenue source – RE Taxes, PC Taxes, Delinquent Taxes & Interest § Local control – Real Estate § 86. 8 mills § District collects approx 88% of RE taxes § Est. 2015 -16 RE $2, 353, 519 § Est. Property Tax Relief: § $325, 887 - Lowers RE taxes $164 § 1 mill equals approximately $30, 000

1 Mill Impact on Property Owners § § § § $30, 000 property - $7. 50 increase $50, 000 property - $12. 50 increase $75, 000 property - $19. 63 increase $100, 000 property - $25. 00 increase $125, 000 property – $31. 25 increase $150, 000 property - $37. 50 increase Our last increase was 1 mill in 2008 -09 Seven years ago

Coal Lease § § § Will add to our Local Revenue $5, 000 received and deposited Not sure when operations will begin Will not be a line item for 15 -16 Start budgeting in 16 -17 Different than tax revenue, has a beginning and end § Use for 1 time purchases 2/16/11

Federal $450, 000 est § Title I (School wide) § Reading, Math § Title II § Professional Development § Access § Based on billing for Eligible Services

Debt Service Schedule § 2009 & 2012 Series Bonds § 2009 Series – Paid in 2015 § 2012 Series - $16, 000 § The refinance savings ends 2017, payments will increase by approx. $168, 338.

Debt Service Schedule 2012 Series Bonds $1, 032, 574 payments & Interest Lease Copiers – Renew 3 15 -16 $15, 000 2/16/11

2015 -16 Expenditures REVIEW § Special Education – S. Campbell § Elementary – S. Campbell § High School – J. Zesiger § Athletics – J. Zesiger

Moshannon Valley Special Education Department Major Budget Items for 2015 -2016 § Agendas for Students ü Organizational Purposes for Students and Means of Communication for Parents § Supplements for Reading Curriculum ü Curriculum Mapping/Building § NEW Life Skills/Autistic/Emotional Support High School Instructor Position

Moshannon Valley Elementary Major Budget Items for 2015 -2016 § Agendas for Grades 3 rd through 6 th Grades ü Organizational Purposes for Students and Means of Communication for Parents § Supplements for Reading Curriculum ü Curriculum Mapping/Building § Transportation for CCCTC for Career Exploration ü Guidance Plan will encompass Career Exploration for Intermediate Grades

Moshannon Valley Jr/Sr High School § § § Major Budget Items for 2015 -2016 New Geography Textbooks Advanced Placement Courses & Testing Science Equipment & Curriculum Materials English Novels 7 th Grade Planners Athletics Ø New Soccer Goals Ø New Volleyball Net & Stanchions § Technology Upgrades

15 -16 Recurring Expenditures § § § Salaries Benefits PSERS Health Insurance Transportation

2015 -16 Proposed Budget Salaries & Benefits § Salaries § Benefits $5, 000 $3, 750, 000 § Retirement (25. 84%) § Insurance (+5%) § Transportation Regular $700, 000 Special $220, 000

2015