COATESVILLE AREA SCHOOL DISTRICT 2014 – 2015 Preliminary Budget

1. COATESVILLE AREA SCHOOL DISTRICT2014 – 2015 Preliminary Budget Dr. Leonard Fitts, Acting Superintendent Ronald Kabonick, Business Administrator Presented: February 18, 2014

2. Does the Preliminary Budget follow the guidelines of the district fund balance policy 623? If the unassigned portion of the fund balance falls below the threshold of five percent (5%), the Board will pursue variations of increasing revenues and decreasing expenditures, or a combination of both until five percent (5%) is attained. During such time the unassigned portion of the fund balance is below 5%, the finance committee shall develop a schedule approved by the Board setting forth the minimum addition(s) to the unassigned portion of the fund balance in the next fiscal year(s) until the unassigned portion of the fund balance is 5% or greater. Such schedule shall be known as Schedule 623A and shall be incorporated into this policy.

3. Policy 623A This schedule shall be updated and approved annually by the Board as part of the budget process during each year the unassigned portion of the fund balance is below the minimum levels prescribed in Policy 623. Fiscal Year Ending June 30, 2013 : $ 500,000 Fiscal Year Ending June 30, 2014 : $ 1,000,000 Fiscal Year Ending June 30, 2015 : $ 2,000,000 Each Fiscal Year Thereafter* : $ 2,000,000 *if necessary

4. POLICY 624 - BUDGETARY RESERVE The District will maintain a budgetary reserve in the amount of one percent (1%) of budgeted expenditures in order to provide for operating contingencies. No expenditures shall be made from the budgetary reserve function 5900 unless specifically authorized by the Board of School Directors.

5. 2014-2015 Preliminary Budget

6. Collection Rate / AV Growth

8. What is the Net Value of a Mil?

9. State Property Tax Reduction Allocation

10. 2014-2015 Preliminary Budget