2012-2013 Budget Information

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OUR School District…OUR Children

This helps tomaintain and

increase property values

We achieve this through

a serious and balanced approach

to year-roundfiscal

responsibility

Excellent andAward-winning

EducationalPrograms

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Budget Process

At all times during the process, the goal is to maintain the highest quality of excellence in our educational program for our students as possible. Our students’ needs come first!

Sources of Revenue

Revenue is comprised of four sources: local, state, federal and fund balance.

Local revenue sources include real estate taxes, Per Capita taxes, tuitions, earnings on investments and miscellaneous revenue.

State revenue sources include state subsidies for Basic Education Funding, Special Education, and Transportation, State Property Tax Relief, Reimbursement for Retirement payments.

Federal revenue source consists of Title I & II and ACCESS funds that have restricted uses.

Fund balance is the difference between net assets and liabilities and results when revenues are greater than expenditures. It’s often referred to as a savings account, but does not consist of only cash.

The Act 1 Index

The Act 1 Index is a result of the Taxpayer Relief Act of 2006, which established limits on tax

increases. The Index is calculated based on the percentage of increase in the State Wide Average

Weekly Wage (SAWW) and the percentage increase in the national Education Cost Index (ECI). The

SAWW is determined by the Department of Labor and Industry in the same manner as the

Unemployment Compensation Law and it is calculated on the previous calendar year. The ECI is

also based on the previous 12-month period beginning July 1st through June 30th using Elementary

and Secondary school data reported by the Bureau of Labor and Statistics.

Fiscal Year 12/13 11/12 10/11 09/10 08/09 07/08 06/07 SAWW $872 $855 $847 $825 $788 $756 $735ECI 116 114 112 109 105 101 97SAWW % + 2.1% 0.9% 2.7% 4.6% 4.3% 2.8% 4.2%ECI % + 1.3% 1.9% 3.0% 3.6% 4.5% 4.0% 3.5% Base Index 1.7% 1.4% 2.9% 4.1% 4.4% 3.4% 3.9%

Assessment – Ten Year History

03/04

04/05

05/06

06/07

07/08

08/09

09/10

10/11

11/1

212/1

32,600,000,000

2,650,000,000

2,700,000,000

2,750,000,000

2,800,000,000

2,850,000,000

2,900,000,000

2,950,000,000

3,000,000,000

Taxable Assessed Value

Assessment By Type

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Residential66.0%

Commercial17.5%

Exempt14.9%

Farm0.0%

Industrial0.2%

Ground1.2%

Public Utility0.1%

ROSE TREE MEDIA SCHOOL DISTRICTAssessment by Property Type As of 1/1/11

Local Revenue

12/13 %

Local Source Budget Amount of Total

Real Estate Tax 61,562,026 92.8%

Transfer Tax 700,000 1.1%

Delinquent Taxes 950,000 1.4%

Current Per Capita 350,000 0.5%

Tuition 1,576,686 2.4%

Earnings on Investments 120,000 0.2%

Rentals/Other 1,055,973 1.6%

66,314,685 100.0%

Five Year History

Local Revenue

Account Actual Actual Actual Budget BudgetDescription Code 08/09 09/10 10/11 11/12 12/13LOCAL SOURCESCurrent RE Tax 6111 57,010,195 58,177,707 59,512,108 60,053,572 61,227,075Interim RE Tax 6112 572,444 473,765 188,497 375,000 250,000Utility RE Tax 6113 76,049 82,377 85,539 75,000 82,000

Cur. Tax/St & Local 6114 2,951 2,951 2,951 2,951 2,951Cur. Per Capita 6120 78,311 81,011 76,760 75,000 75,000Act 511 Taxes Flat 6140 322,511 292,967 270,939 275,000 275,000Act 511 Taxed Prop. 6150 801,908 766,479 723,316 650,000 700,000Delinquent Tax 6400 862,009 1,597,626 1,424,643 850,000 950,000Interest on Inv 6500 846,328 270,808 131,312 120,000 120,000Rev-Student Activ. 6700 56,050 56,633 55,961 50,000 50,000Other Public Schools 6821 30,000 25,000 0 0 0Fed. IDEA Pass Thru 6832 585,455 566,960 559,180 576,367 560,000Fed. ARRA IDEA 6833 516,293 218,672 0 0Rentals 6910 113,059 112,308 81,097 100,000 100,000Cont./Donations 6920 0 3,480 15,238 0 0Tuition Reg. 6940 0 21,395 0 2,150,456 1,576,686Tuition Reg. Day Sch 6941 0 36,626 12,177 0 0Tuition Summer Sch. 6942 37,320 0 33,320 0 0Tuition/Patrons 6949 558,781 2,579,648 1,129,533 0 0Misc Revenue 6990 155,317 166,752 102,589 350,000 345,973All Other Local Rev 6999 525,323 64,877 911,847 0 0Local Sources 62,634,011 65,895,663 65,535,679 65,703,346 66,314,685

State Revenue

12/13 %

State Source Budget Amount of Total

Basic Education Subsidy 2,380,000 21.1%

Special Education Funding 1,750,000 15.5%

Transportation 1,250,000 11.1%

Property Tax Relief 1,632,983 14.5%

Social Security Subsidy 1,453,653 12.9%

Retirement Subsidy 2,315,155 20.5%

Other 460,000 4.0%

11,298,577 100.0%

Five Year History

State Revenue

Account Actual Actual Actual Budget Budget

STATE SOURCES Code 08/09 09/10 10/11 11/12 12/13

Basic Inst'l Subsidy 7110 2,649,387 2,379,020 2,263,467 2,493,710 2,380,000

Charter Sch-Non Pub 7140 130,748 126,851 110,596 0 0

Tuition/Orphans 7160 233,836 121,257 137,301 100,000 100,000

Homebound Instr. 7210 271 0 0 0 0

Alternative Ed 7230 47,044 0 0

Spec. Ed Fund 7271 1,859,465 1,883,791 1,827,996 1,750,000 1,750,000

Transp. Reg. & Add'l 7310 1,275,423 1,306,133 1,232,417 1,250,000 1,250,000

Rental & Sink Fund 7320 267,504 176,276 262,416 250,000 275,000

Health Serv. 7330 88,651 92,650 88,726 80,000 85,000

Property Tax Relief 7340 1,633,115 1,633,066 1,633,151 1,633,060 1,632,983

PA Acct. Grant 7501 144,370 144,370 135,382 0 0

Dual Enroll. Grants 7502 2,098 5,639 2,483 0 0

Add'l. Grants 7599 7,309 0 0

SS Payments 7810 1,289,997 1,341,734 1,381,367 759,595 1,482,046

Retirement Pay. 7820 808,228 874,300 1,044,340 1,606,797 2,343,548

Classrooms for Future 7920 76,812     0 0

State Sources 10,514,258 10,085,087 10,119,642 9,923,162 11,298,577

Five Year History

Federal and Other Revenue

Account Actual Actual Actual Budget Budget

FEDERAL SOURCES Code 08/09 09/10 10/11 11/12 12/13Rest, Fed /Grants 8516 0 2,499 0 0 0Title I 8517 167,446 312,841 367,725 175,000 287,700Title II 8518 130,361 134,878 129,066 125,000 105,000Title IV 21st. Century 8519 7667 8,190 0 0 0Title V 8531 421 0 0ARRA - IDEA Part B 8560 0 94,061 0 0 0ARRA - Title I Part A 8703 0 320,837 104,203 0 0ARRA - SSF 8708 0 14,352 313,072 0 0EduJobs 8709 185,490PEMA 8690 22,074 75,000 200,000ACCESS 8810 2,884   96,573 0 0Federal Sources 308,779 887,658 1,218,203 375,000 592,700

OTHER SOURCESTransfers 9330 5,777 66,817 0 0Sale of Equip 9400 0 0 0Insurance Recoveries 9990 51,199 10,165 10,392 0 0Other Sources 51,199 15,942 77,209 0 0

Fund Balance 1,770,822 4,636,276 2,099,139

Revenue Summary

Local84.8%

State14.4%

Federal0.8%

ROSE TREE MEDIA SCHOOL DISTRICT12/13 REVENUE BUDGET BY OBJECT

Revenue Budget Comparison

11/12 12/13

Major Object Budget Amount Budget Amount $ Incr/Decr % Incr/Decr

Local 65,703,346 66,314,685 611,339 0.93%

State 9,923,162 11,298,557 1,375,395 13.86%

Federal 375,000 592,700 217,700 58.05%

Fund Balance 4,636,276 2,099,139 -2,537,137 -54.72%

Total 80,637,784 80,305,101 -332,683 -0.41%

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1 millage point (mill) is equal to approximately $2.77 million Act 1 Index is 1.7% 2011-2012 Homestead exemption $207 2012-2013 Homestead exemption $209 Average homeowner assessment is $205,173 Average homeowner tax bill in 2011-2012 $4,566 Increase in average homeowner tax bill for 2012-2013 is $74 The use of $2.1 million in fund balance

Key Facts and Figures of the Revenue Budget.

-- Key Points --

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Unfortunately, even with the budget we have, there are cuts to the fund balance.

-- Fund Balance Reductions --

2008/2009

$2.1 million 2009/2010

$2.5 million 2010/2011

$4.9 million 2011/2012

$4.6 million 2012/2013

$2.1 million

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In accordance with the Pennsylvania Department of Education expenditures are

categorized by objects and functions.

 

Objects

Salaries - wages for all school district employees Benefits - health care, tuition reimbursement, retirement and social security Contracted Professional Services – tuition to the Intermediate Unit, legal and

auditing services Purchased Property Services - utilities, repairs and rentals. Other Purchased Services - transportation, property insurances, advertising,

tuitions and travel Supplies- books, general supplies and natural gas. Equipment - computers, furniture and vehicles Other objects – interest on bonds, dues and fees Other Uses of Funds – bond principal and fund transfers

Expenditure Budget for 2012-2013

Expenditure Comparison by Object

11/12 12/13

Major Object BudgetAmount Budget Amount $ Incr/Decr %Incr/Decr

Salaries 38,696,095 38,448,968 -247,127 -0.64%

Employee Benefits 14,618,425 15,504,596 886,171 6.06%

Contr Prof. Svc 4,937,055 4,843,478 -93,577 -1.90%

Purch Property Svcs 2,437,715 2,573,022 135,307 5.55%

Other Purchased Svcs 5,929,472 5,487,964 -441,508 -7.45%

Supplies/Books 3,281,460 3,041,545 -239,915 -7.31%

Property (Equipment) 698,884 539,329 -159,555 -22.83%

Other Objects 3,719,959 3,508,808 -211,151 -5.68%

Other Financing Uses 6,318,719 6,357,391 38,672 0.61%

Total 80,637,784 80,305,101 -332,683 -0.41%

Expenditure Comparison by Object

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Salaries47.9%

Benefits19.3%

Purchased Prof. & Technical Services

6.0%

Purchased Property Services3.2%

Other Purchased Services6.8%

Supplies3.8%

Property0.7%

Other Objects4.4%

Other Uses of Funds7.9%

ROSE TREE MEDIA SCHOOL DISTRICT12/13 BUDGET EXPENSES BY OBJECT

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In accordance with the Pennsylvania Department of Education expenditures are

categorized by objects and functions.

 

Functions

   1000 Instruction-regular, special, vocational, alternative education programs

and the Delaware County Community College

2000 Support Services-guidance, administration, student health, business, operations and maintenance, student transportation, staff and technology services

3000 Operations of Non-Instructional Services-athletics, student activities, and community services

5000 Other Expenditures and Financing Uses-debt service, fund transfers, and budgetary reserve

 

 

 

Expenditure Budget for 2012-2013 is $80,305,101

Expenditure Comparison by Function

11/12 12/13 – $ – %

Expense Function Budget Amount Budget Amount Incr/Decr Incr/Decr

Instructional Programs 44,353,330 43,918,147 -435,183 -0.98%

Instr Support Svcs 6,506,586 6,687,546 180,960 2.78%

Admin 3,295,964 3,730,761 434,797 13.19%

Pupil Health 609,297 628,503 19,206 3.15%

Business Svcs 1,058,158 1,051,889 -6,269 -0.59%

Opn & Maint 7,526,512 7,223,204 -303,308 -4.03%

Transportation 4,900,550 4,780,508 -120,042 -2.45%

Central Support Svcs 918,140 962,688 44,548 4.85%

Student Activities 1,308,413 1,346,846 38,433 2.94%

Debt Service 8,955,350 8,985,667 30,317 0.34%

Other Expenses 1,205,484 989,344 -216,140 -17.93%

Total 80,637,784 80,305,101 -332,683 -0.41%

Expenditure Comparison by Function

Instructional Pgm54.7%

Instr Support Svcs8.3%

Admin4.6%

Pupil Health0.8%

Business Svcs1.3%

Opn & Maint9.0%

Transportation6.0%

Central Support Svcs1.2%

Student Activities1.7%

Debt Service11.2%

Other Expenses1.2%

ROSE TREE MEDIA SCHOOL DISTRICT12/13 BUDGET EXPENSES BY FUNCTION

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Rose Tree Media School District’s Expenditure Budget for 2012-2013

2012-2013 Expenditures

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Budget Final Expenditures 2011-2012 2012-2013

Instructional 1000 $44,353,330 $43,918,147

Support Services/ 2000 25,067,291 25,236,041

Operations

Non-Instructional Services 3000 1,411,813 1,515,246

Other Financing Services 5000 9,805,350 9,635,667

Totals $80,637,784 $80,305,101

Budget Final Revenues 2011-2012 2012-2013

Local 6000 $65,703,346 $66,314,685 State 7000 9,923,162 11,298,577

Federal 8000 375,000 592,700

Sub Totals $76,001,508 $78,205,962

Fund Balance 4,636,276 2,099,139

Totals $80,637,784 $80,305,101

Summary Budget

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Historic Low Health Care Rates 0% Salary Increases Maintain Current Programs Savings Through the Reduction of 10.7 Staff Members Increased Efficiencies

Through Energy Programs and Projects Increase Use of Technology Staff Reorganization District Wide Print Study

Key Facts of the Expenditure Budget.

-- Key Points --

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Challenges

Sluggish Housing Market

Slow Assessment Growth

Level Funding at the State Level

Unfunded Mandates Charter School Tuition Alternative Education Special Education

Future Retirement CostsEstimated Ret. Estimated Net ExpenseFiscal Yr Rate Expense State Subsidy To the District Variance

8.65% 3,322,592.00 1,606,797.00 1,715,795.00 xxx2012-2013 12.36% 4,775,777.06 2,387,888.53 2,387,888.53 672,093.53 2013-2014 16.75% 6,472,027.98 3,236,013.99 3,236,013.99 848,125.46 2014-2015 21.25% 8,210,781.76 4,105,390.88 4,105,390.88 869,376.89

2,389,595.88

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Highlights

2012-2013 Homestead exemption $209

Average homeowner assessment is $205,173 Average homeowner tax bill is $4,640

Maintain Current Programs

An Award Winning District