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2019-2020 PRELIMINARY BUDGET

Learn about the preliminary budget for Bristol Township School District, focusing on expenditures, revenues, historical cost drivers, and revenue changes. Get insights into cost management strategies and future budget meetings.

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2019-2020 PRELIMINARY BUDGET

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  1. Melanie Gehrens, Ed.D. Superintendent Joshua Sweigard Business Manager March 12, 2019 2019-2020 PRELIMINARY BUDGET

  2. MISSION STATEMENT Bristol Township School District will prepare and empower our students to be productive, competitive members in an ever-changing global society

  3. District Beliefs • We believe all individuals can learn and achieve. • We believe understanding and respecting diversity strengthens our educational community. • We believe a safe and healthy learning environment for all is essential for success. • We believe in providing high-quality, standards-based instruction for all students. • We believe an effective partnership of families, staff and community will improve opportunities for student success. • We believe students will be empowered to become life-long learners and effective members of society. • We believe all successes should be acknowledged and celebrated.

  4. PRELIMINARY BUDGET OVERVIEW:

  5. BUDGET OVERVIEW

  6. BUDGET OVERVIEW • Preliminary State budget has nominal increases • Expenditures: • State mandated costs and health insurance costs continue to outpace revenue growth and include: • Health Insurance Premiums • Charter School Tuitions • Special Education Costs • PSERS Retirement Contribution Rates

  7. BUDGET OVERVIEW (cont’d) • Revenues: • Preliminary budget does not include a real estate tax increase • State revenues to increase due to: • Increase in PSERS and Payroll Tax reimbursement to match ~50% of what BTSD pays • Slight increases in Basic Education Subsidies • Federal revenues expected to remain flat

  8. YEAR TO YEAR: Expenditures * RETIREMENT TO BE OFFSET BY STATE CONTRIBUTION OF $393,075, NET COST $393,075

  9. 2019-2020 BUDGETED EXPENDITURES BY OBJECT

  10. HISTORICAL COST DRIVERS

  11. HISTORICAL COST DRIVERS 2011-2012 TO 2019-2020

  12. PSERS CONTRIBUTION RATES

  13. BTSD Debt Schedule

  14. OTHER DISTRICT EXPENSES - HISTORICAL

  15. ACT 1 VERSUS MANDATED COST INCREASES

  16. BUDGET NOTES • Staffing is currently budgeted in line with 2017-2018 • No attritional savings have been included • Certain expenditures include worst case scenarios • No increases budgeted for unsettled contracts

  17. BUDGET NOTES • Still waiting on final federal revenue budget to be released – will directly impact the programs they fund

  18. 2019-2020 REVENUES BY SOURCE

  19. Year to Year: Revenues

  20. 2019-2020 Revenue Changes • Local revenues: • Slight increase in assessment to date • Increase in investment rates • State revenues: • Governor’s budget included increases in the Basic Education Subsidy and Special Education Funding. • Pre-K funding anticipating increase • No reductions noted in state funding to the District

  21. 2019-2020 Revenue Changes • Federal Revenues: • Continue to remain flat from year to year

  22. Revenues by Source: Historical

  23. Historical Assessment Changes

  24. Revenues: Interest Income

  25. Bucks Countywide: Tax Rates

  26. Bucks Countywide: Average Tax Bill

  27. Bucks Countywide: Instructional Expenses

  28. Revenue Notes • Preliminary budget does not include a tax increase • Act 1 Index for 2019-2020 is 3.0% and would be equal to 6.60 mills • Increasing real estate tax millage by 3.0% would generate approximately $2.2M in revenue • Average tax bill would increase by $116 if taxes are increased by the Act 1 Index

  29. General Fund Summary

  30. Not Included in the Budget • Proceeds from the sale of vacant elementary schools (if sold) • Effects of unsettled contracts • Savings from using non-District staff • Pending R/E Tax settlements

  31. Future Budget Meetings • April 2, 2019: • Discussion of Curriculum, Athletics & Special Education budgets • April 30, 2019: • Discussion of Federal Programs, Operations, Information Technology & Transportation budgets • June 18, 2019 • Final Budget Meeting/Workshop

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