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COATESVILLE AREA SCHOOL DISTRICT 2014 – 2015 Preliminary Budget. Dr. Leonard Fitts, Acting Superintendent Ronald Kabonick, Business Administrator Presented: January 14, 2014. It is all right to disagree with one another as long as we respectfully disagree with one another
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COATESVILLE AREA SCHOOL DISTRICT2014 – 2015 Preliminary Budget Dr. Leonard Fitts, Acting Superintendent Ronald Kabonick, Business Administrator Presented: January 14, 2014
It is all right to disagree with one another as long as we respectfully disagree with one another • Regardless of socio-economic background, children have the ability to achieve • It's less about the amount of money and more about the value system a child grows up in. • Money doesn’t solve all of our problems
Resource of Information http://www.pde.state.pa.us
Budget Requirements Follow the Act 1 regulations Adopt a budget by June 30, 2014 Follow PA Department of Education Regulations Adopt the budget on the Required PDE Form PDE-2028
Understanding The Act 1 Index The base index is calculated by averaging the percent increases in the Pennsylvania statewide average weekly wage and the Federal employment cost index for elementary/secondary schools. Additionally, for school districts with a market value/personal income aid ratio (MV/PI AR) greater than 0.4000, the value of their index is adjusted upward by multiplying the base index by the sum of 0.75 and their MV/PI AR. Coatesville = 2.1% x (.75+.5081) = 2.6%
Preliminary Budget Assumptions • Level funding of basic education and special education state subsidies • PSERS rate increased of 4.5% • No line item allowances for future bargaining agreements being negotiated • Anticipated tax increase is included within the revenues • Keystone To Opportunity Grant is not included
Future Challenges Cost of Special Education Services Funding of Charter Schools Unfunded Mandates Limited Resources PA School Employees Retirement System
QUESTIONS AND CONCERNS?