FEBRUARY 14, 2011

2011/2012 PROPOSED BUDGET

Middle Bucks Instituteof Technology

New Initiatives

Challenges

Assumptions

Salaries & Wages Teachers - updated for contract settlement @ NHSD Administrative & Support Staff - 2% increase

Medical & Prescription Benefits - used 19% for rate increase

PSERS – used certified rate 8.65%

Dental - net reduction for expected claims

Workers’ Compensation - level with current year

Overall Budget Change2011/12 vs. 2010/11

General Fund + Lease Rental = $109,481 increase

$9,651,216 vs. $9,541,735

Increase = 1.15%

General Fund & Lease Rental

2011/2012 2010/2011

$ %

General Fund $8,185,717 $8,074,685

$111,032 1.38%

Lease Rental – Authority

$1,465,499 $1,467,050

-$1,551 -0.11%

Total $9,651,216 $9,541,735

$109,481 1.15%

General Fund – Receipts from Members

2011/12 vs. 2010/11

Member District Increase = $115,682

$7,052,697 vs. $6,937,015

Increase = 1.67%

Allocated using 3 year averaging of ADM

Proposed Member Contributions

2011/2012 2010/2011

$ %

Receipts from Members – GF $7,052,697 $6,937,015 $115,682 1.67%

Lease Rental Paid Directly to Authority

$1,465,499 $1,467,050 -$1,551 -0.11%

Total Member Contribution $8,518,196 $8,404,065 $114,131 1.36%

General Fund Expenditures2011/12 vs. 2010/11

Expenditure Budget Increase = 1.38%

$8,185,717 vs. $8,074,685

Increase $111,032

Components of Increase

New teaching position $ 87,236Net increase – salaries & wages $ 107,527Net increase – health insurance $63,659Net decrease - dental claims ($26,846)Net increase - PSERS $27,042Supplies for new Health program $9,580Decrease in Electricity & Natural Gas ($65,000)All other ($92,166)

Net increase $111,032

OTHER BUDGETS

Capital Reserve Fund

Funded at discretion of Executive Council using unspent current year budget contribution – proposed $75,000

Funds to be used for acquisition of program equipment & capital repairs and maintenance to facilities

Traffic signal $30,000Digital Road Sign $75,000Matching funds $100,000

OTHER BUDGETS

Adult Education $152,800 vs. $152,990 Fall & Spring Evening Programs Industry Specific Training

Production Fund $ 302,960 vs. $353,850 Live work Student Built Modular House Aspirations Salon Extreme Student fees MBIT Summer School & Summer Enrichment Camp

OTHER BUDGETS : PROPRIETARY & FIDUCIARY

Proprietary Li’L Bucks Preschool in Learning

Programs for Toddlers & Preschool children

Fiduciary Student Activities Fund

Skills USA HOSA

Next Step

Finalize General Fund & Lease Rental Budget March 14, 2011 Executive Council Meeting

Finalize Other Budgets March 14, 2011 Executive Council Meeting

Questions