You are on page 1of 15

SUSQUEHANNA TOWNSHIP

SCHOOL DISTRICT
2016-2017
Proposed Preliminary
General Fund Budget

2016-2017 Spending Plan


Expenditure Adjustment Since December 21, 2015
$292,706 Increase
Initially Published PSERS Rate to Certified
29.69% to 30.03%
Application of Administrative Budget Submissions
Student Transportation Budget (Special Needs)

Note:
1:1 Technology Initiative not currently included in budget. If
approved. Strategy for inclusion will primarily involve cuts
district-wide to supplies budget and/or grant funding.
2

GENERAL FUND
PROPOSED PRELIMINARY BUDGET
SPENDING PLAN INCREASE

GENERAL FUND
2016-2017 Proposed Preliminary Operating Budget: $50,665,610
2015-2016 Current Operating Budget: $47,972,923
$ Value of Operating Budget Increase: $2,692,687
% Value of Operating Budget Increase:

5.61%

A. 16-17 $50.55 million in spending to meet operational cost.


B. $2.69 million or 5.61%million increase over current year.
C. $745,241 or 3 quarters million less than last year this time.
3

GENERAL FUND
PROPOSED PRELIMINARY BUDGET
BALANCED BUDGET FLOW OF FUNDS [Above Index]

GENERAL FUND
Budgeted Beginning Fund Balance - 7/1/16: $11,540,668
2016-2017 Proposed Preliminary Revenues [Without Real Estate Tax Increase] : $45,798,297
2016-2017 Proposed Preliminary Expenditures: $50,665,610
Deficit Before Proposed Preliminary Tax Increase: $4,867,313
Proposed .5106 Mills (3.0%) Real Estate Tax Increase [STSD Act 1 Index 2.4%] : $784,303
Operating Deficit After Proposed Preliminary Tax Increase [Funded By Fund Balance] : $4,083,010
Budgeted Ending Fund Balance - 6/30/17 : $7,457,658
A. Synopsis of flow of fund proposed to balance budget.
B. Proposal includes a 3.0% tax increase which is above State Index (2.4%)
C. Generates approximately $784,303 in real estate tax revenues.
4

GENERAL FUND
PROPOSED PRELIMINARY BUDGET
MILLAGE/TAXPAYER IMPACT [Above Index]

THE BOTTOM LINE


2015-2016 Current Millage Rate : 17.0200
Proposed Preliminary Millage Increase :
0.5106
2016-2017 Proposed Preliminary Millage Rate: 17.5306
Millage % Increase :
3.00%
Estimated $ Value of Mill [Post Homestead] : $1,648,115
2016-2017 Proposed Preliminary Real Estate Tax Revenues [93.20% Collection Rate] : $26,927,762
Annual Real Estate Tax Increase to Homeowner :
$57.29
[$112,200 - Median Residential Property Assessed Value]
Monthly Real Estate Tax Increase to Homeowner :
$4.77
[$112,200 Median Residential Property Assessed Value]
A. Summary of how the proposed tax increase impacts both millage rate/taxpayers.
B. Property assessed value used to compute taxpayer increase
A. 14-15 Median Residential Property Assessed Value.
5

GENERAL FUND
PROPOSED PRELIMINARY BUDGET
DAUPHIN COUNTY SDs
CURRENT MILLAGE RATES RANKING
Highest

Lowest
A. Districts real estate millage rate is amongst lowest of the DC districts at 17.0200 mills.
B. Only one of the 10 DC districts has maintained a millage rate below STSD which is CD.
C. Districts like DT, LD, MA are at millage rates equivalent to more than 1 mill higher than
STSD (1 mill for STSD @ 93.20 % represents $1.64 million dollars).
6

GENERAL FUND
PROPOSED PRELIMINARY BUDGET
DAUPHIN COUNTY SDs
CURRENT YEAR REAL ESTATE TAX COMPARISON

District
Central(Dauphin

Residential2015+2016PropertyAnnual-Real-Estate-TaxesMillage-Rate Assessed-Value Annual-Real-Estate-Tax-Bill Above-or-(Below)-STSD


14.8622
$112,200
$1,667.54
($242.10)

Susquehanna

17.02

$112,200

$1,909.64

N/A

Upper(Dauphin(Area
Derry(Township
Lower(Dauphin
Millersburg(Area
Halifax(Area
Middletown(Area
SteeltonMHighspire
Harrisburg(City

17.6908
18.1019
18.42
18.9898
21.96
22.15
25.477
27.9156

$112,200
$112,200
$112,200
$112,200
$112,200
$112,200
$112,200
$112,200

$1,984.91
$2,031.03
$2,066.72
$2,130.66
$2,463.91
$2,485.23
$2,858.52
$3,132.13

$75.27
$121.39
$157.08
$221.02
$554.27
$575.59
$948.88
$1,222.49

A. Real estate tax comparison amongst DC district focuses on Annual Real Estate Tax bills/
cost based on a Residential Property with Assessed Value of $112,200.
B. STSD residents are currently paying $1,909.64 in real estate taxes.
C. CD residents are the only residents paying less in current year real estate taxes.
D. HC residents are paying the greatest amount in current year real estate taxes.
7

GENERAL FUND
PROPOSED PRELIMINARY BUDGET
DAUPHIN COUNTY SDs
2015-2016 YEAR REAL ESTATE TAX INCREASES
District
Central(Dauphin

2014+2015Millage-Rate
14.6008

2015+2016Millage-Rate
14.8622

Millage-ValueIncrease
0.2614

Real-Estate-TaxPercentage-Increase
1.79%

Susquehanna

17.02

17.02

$0.00

Upper(Dauphin(Area
Derry(Township
Lower(Dauphin
Millersburg(Area
Halifax(Area
Middletown(Area
SteeltonJHighspire
Harrisburg(City

17.2425
17.9227
18.42
18.5267
20.45
22.15
25.477
27.9156

17.6908
18.1019
18.42
18.9898
21.96
22.15
25.477
27.9156

0
0.4483
0.1792
0
0.4631
1.51
0
0
0

2.60%
1.00%
0.00%
2.50%
7.38%
0.00%
0.00%
0.00%

A. Significant chart: 15-16 millage rate increases that were levied by DC districts.
B. In 15-16 STSD projected a budgeted deficit of $2.6 million and did not increase its real
estate taxes. There were 4 other districts that did not increase 15-16 real estate taxes.
C. 5 districts, CD, UDA, DT, MA, HA increased real estate taxes with millage rate increases
ranging from 1.0% to 7.38%.
8

GENERAL FUND
PROPOSED PRELIMINARY
REVENUE COMPOSITION

STATE AVERAGES
STSD
16%
below
state
avg.

Local:
State:
Federal:
Total:

58%
37%
5%
100%

STSD
20%
above
local
avg.

A. 16-17 proposed preliminary revenues equate to $46.58 million.


B. Revenue make-up consists of 3 different sources.
C. Significant reliance locally at STSD.
D. Local revenues generated are well above state average. State revenues generated are well
9
below state average.

GENERAL FUND
PROPOSED PRELIMINARY
REVENUE HIGHLIGHTS
Moderate growth in property assessed value generating
an increase in real estate tax revenues
$229,001
Proposed 3.0% real estate tax increase generating an
increase in real estate tax revenues
$784,303
Increase in State Retirement (PSERS) revenues based
on state formula
$100,390
Reduction in Earned Income Tax revenues to adjust
budget to actual receipts trends
$100,000
10

GENERAL FUND
PROPOSED PRELIMINARY
REVENUE DETAIL
REVENUE DESCRIPTION
LOCAL REVENUES
Current Real Estate Tax
Earned Income Tax
Current Personal School Tax
Delinquent Real Estate Tax
Delinquent Personal School Tax
Other Local Revenues
TOTAL LOCAL REVENUES
STATE REVENUES
Basic Education
Special Education
Transportation
Social Security
Retirement
Other State Revenues
TOTAL STATE REVENUES
TOTAL FEDERAL REVENUES
TOTAL OTHER FINANCING REVENUES
GRAND TOTAL REVENUES

2016-2017
PROPOSED
$ VALUE % VALUE
PRELIMINARY INCREASE/ INCREASE/
BUDGET DECREASE DECREASE

FUNCTION

2013-2014
ACTUAL

2014-2015
ACTUAL

2015-2016
BUDGET

6111
6151
6152
6411
6420
6000
6000

$25,244,450
$3,350,868
$2,137,600
$1,226,634
$730,941
$1,541,740
$34,232,233

$26,140,996
$3,372,066
$2,147,905
$1,408,462
$689,014
$1,639,237
$35,397,680

$25,914,458
$3,500,868
$2,088,872
$1,515,002
$800,000
$1,386,742
$35,205,942

$26,927,762
$3,400,868
$2,088,872
$1,515,002
$800,000
$1,582,742
$36,315,246

$1,013,304
($100,000)
$0
$0
$0
$196,000
$1,109,304

3.91%
2.94%
0.00%
0.00%
0.00%
14.13%
3.15%

7110
7271
7310
7810
7820
7000
7000
8000
9000

$3,432,903
$1,327,376
$725,710
$703,280
$1,587,222
$715,084
$8,491,575
$497,324
$0
$43,221,132

$3,432,598
$1,347,459
$722,106
$696,231
$1,965,860
$860,162
$9,024,416
$314,267
$0
$44,736,363

$3,729,049
$1,372,196
$750,000
$724,579
$2,357,487
$761,576
$9,694,887
$420,000
$0
$45,320,829

$3,729,049
$1,372,196
$728,000
$726,500
$2,457,877
$861,450
$9,875,072
$392,282
$0
$46,582,600

$0
$0
($22,000)
$1,921
$100,390
$99,874
$180,185
($27,718)
$0
$1,261,771

0.00%
0.00%
3.02%
0.27%
4.26%
13.11%
1.86%
7.07%
0.00%
2.78%

A. Line item revenue detail by function area.


B. Actual, Budget, Proposed.
C. Aggregate proposed revenue increase over current year: $1.26 million or 2.78%.
11

GENERAL FUND
PROPOSED PRELIMINARY
EXPENDITURE COMPOSITION

A. 16-17 proposed preliminary expenditures equate to $50.66 million in spending.


B. 93% consists of funds to provide for salaries & benefits, professional & technical services, out
of district tuition students & insurances, and debt service.
12

GENERAL FUND
PROPOSED PRELIMINARY
EXPENDITURE HIGHLIGHTS
Increase in staff salaries required per Professional
(2.6%), Support (3.0%), and Custodial/Maintenance
(3.85%) Employment Contracts
$590,164
Addition of 10 new positions and the elimination of
10 existing to address projected program needs
Mandated Increase in Pennsylvania Schools Employee
Retirement System Contribution from 25.84% to 30.03%
$1,005,027
Projected 8%Increase in Medical Insurance Cost with
Capital Blue Cross
$379,357
Increase in Out of District Tuition Student Cost
$243,226
13

GENERAL FUND
PROPOSED PRELIMINARY
EXPENDITURE DETAIL

2013-2014
EXPENDITURE DESCRIPTION
OBJECT ACTUAL
Salaries
100 $18,954,855
Benefits
200 $9,363,463
Purchased Professional & Technical Services 300 $3,226,763
Purchased Property Services
400 $1,141,068
Other Purchased Services
500 $6,054,144
Supplies
600 $1,399,815
Property/Equipment
700
$159,852
Other Objects
800 $1,393,883
Other Financing Uses
900 $10,979,620
Fund Transfers
0
$0
GRAND TOTAL EXPENDITURES
$52,673,463

2014-2015 2015-2016
ACTUAL
BUDGET
$18,915,077 $20,027,000
$10,394,589 $12,104,970
$3,044,507 $2,386,303
$1,426,318 $1,281,967
$6,755,579 $6,434,329
$1,113,981 $1,611,942
$271,549
$557,052
$1,172,060 $1,114,360
$1,910,000 $2,455,000
$0
$0
$45,003,660 $47,972,923

2016-2017
PROPOSED
PRELIMINARY
BUDGET
$20,617,164
$13,633,808
$2,531,177
$1,253,965
$6,758,395
$1,689,134
$585,370
$1,081,597
$2,515,000
$0
$50,665,610

$ VALUE % VALUE
INCREASE/ INCREASE/
(DECREASE) (DECREASE)
$590,164
2.95%
$1,528,838 12.63%
$144,874
6.07%
($28,002)
2.23%
$324,066
5.04%
$77,192
4.79%
$28,318
5.08%
($32,763)
3.03%
$60,000
2.44%
$0
0.00%
$2,692,687 5.61%

A. Line item expenditure detail by commodity/service area.


B. Actual, Budget, Proposed.
C. Aggregate proposed expenditure increase over current year: $2.69 million or 5.61%.
14

2016-2017
Proposed Preliminary
General Fund Budget

Oslwen C. Anderson, Jr.


Business Manager
Susquehanna Township School District
717-657-5100