SOUTHERN LEHIGH SCHOOL DISTRICT 2013 2014 Preliminary Budget

SOUTHERN LEHIGH SCHOOL DISTRICT 2013 -2014 Preliminary Budget

Agenda � Review of Revenues � Review of Expenses � Review of Cuts � Projections � 5 Year Budget

Revenues � � � Basic Ed Increase of $63, 000 Special Ed Decrease of $55, 000 Investment rates remaining stagnant County Wide Reassessment Local Taxable revenue continues to fluctuate � Real Estate � Realty Transfer � Earned Income

Revenue YTD

Local Revenue $ 55 000 . 75 mills $ 50 000 . 5 mills $ 45 000 . 25 mills 1. 2 mills . 25 mills. 75 mills $ 40 000 . 5 mills $ 35 000 1. 5 mills Local Revenue $ 30 000 $ 25 000 $ 20 000 $ 15 000 2007 -08 2008 -09 2009 -10 2010 -11 2011 -12 2012 -13 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18

Real Estate Revenue $ 50 000, 00 . 75 mills $ 45 000, 00 . 5 mills $ 40 000, 00 . 25 mills 1. 2 mills $ 35 000, 00 . 5 mills . 75 mills 1. 5 mills $ 30 000, 00 Real Estate Revenue 1. 5 mills $ 25 000, 00 $ 20 000, 00 $ 15 000, 00 $ 10 000, 00 2006 -072007 -082008 -092009 -102010 -112011 -122012 -132013 -142014 -152015 -162016 -172017 -18

Real Estate Revenue (Budgeted vs. Actual)

Expenses � � � PSERS will increase another 37% (12. 36% to 16. 93%) Health Insurance rates will increase 7% Building allocations reduced $111, 000 Debt re-structured to lower costs Electricity contract reduced expenses 17%

Cuts To Date � District cut $2, 893, 025 last budget cycle � District has cut an additional $957, 528 during current budget cycle �Continue to evaluate positions �Debt savings �Building allocation reductions �Energy Reductions

PSERS Contributions

Revenue vs. Expenses $65 000 $60 000 Millions $55 000 Revenue Expenses $50 000 $45 000 $40 000 2007 -08 2008 -09 2009 -10 2010 -11 2011 -12 2012 -13 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18

Fund Balance $ 21 000 $ 19 000 Millions $ 17 000 $ 15 000 Fund Balance $ 13 000 $ 11 000 $ 9 000 $ 7 000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

5 Year Budget

QUESTIONS? ? ?