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Octorara Area School District

Explore the key highlights and challenges of Octorara Area School District's 2018-2019 budget, including savings from retirements, PSERS rate changes, state revenue inclusion, and more.

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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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