2019-2020 PRELIMINARY BUDGET

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

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

4. 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.

5. PRELIMINARY BUDGET OVERVIEW:

6. BUDGET OVERVIEW

7. 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

8. 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

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

10. 2019-2020 BUDGETED EXPENDITURES BY OBJECT

11. HISTORICAL COST DRIVERS

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

13. PSERS CONTRIBUTION RATES

14. BTSD Debt Schedule

15. OTHER DISTRICT EXPENSES - HISTORICAL

16. ACT 1 VERSUS MANDATED COST INCREASES

17. 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

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

25. 2019-2020 REVENUES BY SOURCE

26. Year to Year: Revenues

27. 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

28. 2019-2020 Revenue Changes • Federal Revenues: • Continue to remain flat from year to year

29. Revenues by Source: Historical

33. Historical Assessment Changes

34. Revenues: Interest Income

35. Bucks Countywide: Tax Rates

36. Bucks Countywide: Average Tax Bill

37. Bucks Countywide: Instructional Expenses

38. 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

39. General Fund Summary

40. 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

41. 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