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HOLLIDAYSBURG AREA SCHOOL DISTRICT

HOLLIDAYSBURG AREA SCHOOL DISTRICT. 2014-2015 BUDGET INFORMATION SESSIONS. NOTEWORTHY DEVELOPMENTS REVENUES. Real Estate Taxes - Real Estate Tax Assessment Increase 4.7 million dollars creating net increase $450,000

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HOLLIDAYSBURG AREA SCHOOL DISTRICT

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  1. HOLLIDAYSBURG AREA SCHOOL DISTRICT

    2014-2015 BUDGET INFORMATION SESSIONS
  2. NOTEWORTHY DEVELOPMENTSREVENUES Real Estate Taxes - Real Estate Tax Assessment Increase 4.7 million dollars creating net increase $450,000 Real Estate Transfer Taxes – Based on current collections $ 89,500 Earned Income Taxes – Based on current collections $ 78,000 Ready To Learn Block Grant – Omitted from Proposed Budget due to uncertainty
  3. NOTEWORTHY DEVELOPMENTSSALARIES (OBJECT 100’s) SAVINGS GENERATED FROM RETIREMENTS 9 Teacher Retirements (Net of Retirement Incentive) ($131,538) POSITIONS ELIMINATED Business Office Administrator ($ 58,000) POSITIONS CREATED Business Office Assistant $ 20,800 Director of Technology $ 60,000
  4. NOTEWORTHY DEVELOPMENTSBENEFITS (OBJECT 200’s) HEALTH INSURANCE Consortium Increase of 4% $208,800 Health Insurance Conversion to High Deductible Plan (Teacher and Administrator Employee Groups) ($778,000) Health Savings Account-District Contribution $314,050 RETIREMENT CONTRIBUTION Rate increase from 16.93% to 21.40% $861,835
  5. NOTEWORTHY DEVELOPMENTSPURCHASED SERVICES (OBJECTS 300-500’s) Copier Upgrade from Xerox to Savin ($50,737) Teacher Substitute Services Conversion $60,000 Legal Services $11,500 Electricity $17,300 Transportation $32,000 Charter School Tuition at Other Charter Schools $126,000
  6. NOTEWORTHY DEVELOPMENTS SUPPLIES & EQUIPMENT(OBJECTS 600-700’s) Supplies – Reductions generated by administrative districtwide review of each department ($32,000) Natural Gas – Based on current consumption ($36,000) Transportation Fuel Adjustment Clause ($12,500) Books – Reductions generated by administrative districtwide review of each department ($19,200) Equipment – Determinations made by administrative team upon building visits and assessments Total Equipment Budgeted $114,287
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