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Octorara Area School District

Octorara Area School District. 2018-2019 Budget Presentation. June 18, 2018. 2018-19 Final General Fund Budget Summary as of December 2017. Salary and benefit savings from retirements entered into the budget Certified PSERS rate lower than budgeted in December Inclusion of state revenue

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Octorara Area School District

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  1. Octorara Area School District 2018-2019 Budget Presentation June 18, 2018

  2. 2018-19 Final General Fund Budget Summary as of December 2017

  3. Salary and benefit savings from retirements entered into the budget • Certified PSERS rate lower than budgeted in December • Inclusion of state revenue • Lower overall mainteance costs from outsourcing some services • Reduced contracted services costs for the transportation contract • Reduction of the proposed real estate tax revenue overall amount from 3.0% to 2.4% Changes since December

  4. 2018-19 Final General Fund Budget SummaryAs of June 2018

  5. Challenges • Pennsylvania School Employee’s Retirement System Increases • Real-Estate Assessment Growth • Reduced Federal Revenues • Mandated Expenditures (PSERS/Charter School/Special Education) • Health Care Octorara Area School District2018-2019 General Fund Budget

  6. PSERS Retirement Rate History

  7. Mills Increases and PSERS

  8. Salary History

  9. Total Full Time Equivalent Employees

  10. Assessment growth as a portion of PSERS Growth

  11. Federal Revenue Decline vs Local and State Revenue

  12. Federal Revenue Decline vs Local and State Revenue

  13. Required Health Care Premium History $1.5M $2.1M Does not include Stop Loss Premiums, Admin Fees & IBNR * Includes $599,649 in stop loss reimbursement

  14. 2017-18 vs. 2018-19 Expense Summary

  15. 2017-18 vs. 2018-19 Revenue

  16. Homestead/Farmstead Reduction 2018-2019 Assumes 2.8% Increase

  17. Questions

  18. Octorara Area School District 2018-2019 Budget Presentation June 11, 2018

  19. Proposed Tax Increase for Median Homestead Property

  20. Proposed Tax Increase for Median Homestead Property

  21. Multi-County Rebalancing Since 2010Mills and $ Changes Using 2017-2018 Median Homestead assessment values from 2010-2011 through 2017-2018 and the updated Homestead value for 2018-19

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