2020 2021 Proposed Preliminary Budget Presentation January 13, - - PowerPoint PPT Presentation

2020 – 2021 Proposed Preliminary Budget Presentation

January 13, 2020

• Providing equity, access, and excellence in educational

programming

• Continuing our curriculum improvement cycle focusing on

increased rigor, innovation in academic programming, and alignment with new State standards and emerging best practices; maintaining a high quality professional development program to further enhance teacher capacity, collaborative professional learning and instructional leadership to meet student needs and support every student’s achievement.

• District Goals

• Reimagining our educational program in ways that will yield

recommendations for repurposing education, fostering innovation in academic programming, supporting every student’s achievement, and containing growth in District costs

• Prioritizing the study of adolescent sleep needs and later

school start times

• Continuing to close the structural deficit within our General

Fund budget

• Refining our needs and developing funding plan(s) for our five-

year long-range facility plan

• District Goals (Continued)

• Revenue Structures
• School and Department Budget Parameters
• Major Cost Drivers
• Operating Budget Development

• 2020-2021 Expenditure Budget

by Function

Total - $87,129,381

Instructional Programs, 59.56%, $51,892,505 Support Services, 29.23%, $25,466,128 Activities & Athletics, 1.96% $1,711,755 Debt Service, 8.79% $7,658,993 Budgetary Reserve, 0.46%, $400,000

• 2020-2021 Expenditure Budget

by Object

Salaries, 42.08%, $36,660,436 Benefits, 27.96%, $24,363,984 Purchased Services, 16.52% $14,394,324 Supplies & Equipment, 3.10% $2,699,986 Principal, Interest, Fees, 9.88%, $8,610,651 Budgetary Reserve, $400,000, 0.46%

Total - $87,129,381

• 2020-2021 Budget – PSERS Effect

School Year PSERS Rate % of Increase WSSD Cost State Revenue Net Incr from Prior Yr

2009-10 4.78% 0.4% $ 1,459,676 $ 729,838 $ 46,241 2010-11 5.64% 18.0% $ 1,750,638 $ 875,319 $145,481 2011-12 8.65% 53.4% $ 2,735,248 $1,367,624 $492,305 2012-13 12.36% 42.9% $ 3,959,924 $1,979,962 $612,338 2013-14 16.93% 36.9% $ 5,409,366 $2,704,683 $724,721 2014-15 21.40% 26.4% $ 6,900,417 $3,450,209 $745,525 2015-16 25.84% 20.7% $ 8,426,611 $4,213,305 $763,098 2016-17 30.03% 16.2% $ 9,861,724 $4,930,862 $717,557 2017-18 32.57% 8.5% $10,838,509 $5,419,254 $488,392 2018-19 33.43% 2.6% $11,377,492 $5,670,499 $251,245 2019-20 34.29% 2.6% $12,085,980 $6,087,773 $417,274 2020-21 34.51% 0.64% $12,607,935 $6,303,968 $216,195 Total Growth 621.97%

• 2020-2021 Budget – PSERS Effect (continued)
• Employer Contribution Rate Composition
• Normal Cost Rate

7.37%

• Act 5 Contribution

0.18%

• Healthcare Contribution

0.82%

• Total Employer Rate

8.37%

• Unfunded Pension Liability

26.14%

• Total Employer Contribution Rate

34.51%

• 2020-2021 Budget – Special Education

$11,336 $11,886 $13,557 $13,790 $13,997 $14,909 $15,882

State & Federal Subsidies

$0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

SPECIAL EDUCATION COSTS: 2012-13 TO 2018-19

IN THOUSANDS

• 2020-2021 Revenue Budget

Local, 80.06%, $69,024,508 State, 19.59%, $16,885,586 Federal, 0.35% $303,192

Total - $86,213,286

• Percent

Percent

• f Revenue
• f Revenue
• from State

from Local

• Sources

Rank Sources Rank

• National Avg. 47.1%
• 44.9%
• Delaware

59.2% 13th 34.5% 33rd

• West Virginia 53.9%

21th 34.5% 33rd

• Maryland

43.6% 31th 50.7% 15th

• New Jersey

41.0% 36th 54.9% 6th

• New York

40.6% 37th 53.9% 9th

• Ohio

40.3% 39rd 52.6% 12th

• Pennsylvania 38.7%

44th 54.9% 7th

U.S. Census Bureau, Public Education Finances 2017 in May 2019

• Education Revenue Sources

• Education Revenue Sources (Continued)

Percent of Total Assessed Property Value - Delaware County

School District Residential % All Other % Wallingford-Swarthmore 94% 6% Haverford Township 90% 10% William Penn 85% 15% Penn Delco 84% 16% Upper Darby 80% 20% Rose Tree Media 79% 21% Marple Newtown 78% 22% Radnor Township 78% 22% Springfield 76% 24% Southeast Delco 75% 25% Garnet Valley 74% 26% Ridley 74% 26% Chichester 67% 33% Interboro 58% 42% Chester-Upland 45% 55% Grand Total 78% 22%

State Tax Equalization Board – Land Use Report 2018

• 2020-2021 Revenue Budget

Revenues Compared to 19-20 Budget Local $2,239,371 State 443,713 Federal (44,821) Total Revenue Change $2,638,263 3.16%

• Delicate Balancing Act

TAXPAYERS Minimize burden on local support FUND BALANCE Maintain appropriate level

• f reserves to protect

against uncertainties TIME Provide the opportunity to reimagine educational program without sacrificing excellence

• Act 1 Index for 2020-2021

2.6%

• Adjusted Act 1 Index

not eligible

• Act 1 Exception
• School Construction – Grandfathered debt not eligible
• Retirement Contribution

not eligible

• Special Education Expenditures

eligible

• Act 1 of 2006 and How it Works

• Act 1 Index for 2020-2021

2.6% $1,678,943

• District is eligible for Act 1 Exception
• Special Education

0.8% 539,791

• Total % tax increase

3.4% $2,218,734

• Proposed 2020-2021 Local Taxes

• General Fund
• At the end of 2018-2019, General Fund Balance

$9,004,802

• Nonspendable – Prepaid Items

( 138,738)

• Committed

(2,550,000)

• Budgetary Shortfall

( 830,792)

• Unassigned Fund Balance

$5,485,272

• Capital Reserve
• At the end of 2018-2019, Capital Reserve Balance

$7,158,213

• Fund Balance

• January 27, 2020

Board action on Proposed Preliminary Budget

• February 4, 2020

Governor Wolf to present Governor’s budget

• February 24, 2020

Capital Projects Presentation

• May 11, 2020

Proposed Final Budget Presentation

• May 26, 2020

Board action on Proposed Final Budget

• June 8, 2020

Final Budget Presentation

• June 22, 2020

Board action on Final Budget

• What’s Next?

Questions???

2020-2021 Proposed Preliminary Budget Presentation