North Penn School District 2020-2021 Budget Update June 9, 2020 - PowerPoint PPT Presentation

North Penn School District 2020-2021 Budget Update June 9, 2020

Budget Timeline Adoption of Proposed Final Budget 5/12 Board Worksession Adoption of Final Budget 6/18 Board Action Meeting

2.6%

$6.2 M Deficit Budget

Budget Comparison Fiscal Year Surplus Revenues Expenses Budget (Deficit) 2020-2021 $271,907,338 $278,122,120 -$6,214,782 Current 2020-2021 $269,635,219 $282,498,098 -$12,862,879 Preliminary 2019-2020 $267,208,014 $273,977,289 -$6,769,275 $ Change $4,699,324 $4,144,831 -$554,493 % Change 1.76% 1.51%

State Budget Update • BEF funded at 2019-20 level • $11,055,329 • SEF funded at 2019-20 level • $6,638,022 • RTL funded at 2019-20 level • $577,539

State Budget Update • CARES ESSER funding • $984,263 • Property Tax Relief Allocation • Using $300 million in Federal money to cover shortfall • School Safety and Security Grant • $975,785 • Eliminates PCCD Part B grants of $25,000

State Budget Update • CARES and School Safety Proceeds • One-time money • Supplements state budget, does not supplant • Very flexible uses • New purchases at NP • Reflected in budget as both new revenue and expenses

School Safety and Security Grant • Purchasing cleaning and sanitization supplies • Purchasing PPE • Modification of existing areas to mitigate the spread of infectious disease • Providing mental health services and supports for students affected by COVID-19 • Purchasing educational technology for distance learning • Other health and safety programs, items or services necessary to address COVID-19

Tax Payment Periods • Historical • July and August - 2% discount • September and October - face amount • November and December - 10% penalty • After December - turned over to Tax Claim for delinquent collection • Considerations • No change to discount or face amount period • Reduce penalty for November and December

Budget Scenario Current Budget Deficit -$6,214,782 Budgetary Reserve $1,500,000 *Potential Positive Variances (0.50%) $2,750,147 Potential Ending Deficit -$1,964,635

Tax Rates 18% Below County Average 5th Lowest in County 32.00 25.60 19.20 12.80 6.40 North Penn County Average

Discussion