2013-01-22 Budget Presentation - Central Bucks School ... · County Enrollment and Changes 01/22/2013 3 i: ... BCIU #22 Enrollment Report ... Joined the Bucks-Montgomery County Health

01/22/2013 i:\Budget\2013-14 Budget\2013-01-22 Budget Presentation 1

Expenses Health Care

Retirement System

Teacher Negotiations

Revenues

Stagnant State and Federal Funding

Basic Education Funding

Special Education Funding

Accountability Block Grant

Transportation Funding


Recently, Act 1 growth

allowance has been 1.7% to

2.1%

Health Care & Retirement

Inflation Greater Than 2.1% per year

0

5,000

10,000

15,000

20,000

B

e

n

s

a

l

e

m

B

r

i

s

t

o

l

B

o

r

o

B

r

i

s

t

o

l

T

o

w

n

C

e

n

t

e

n

n

i

a

l

C

e

n

t

r

a

l

B

u

c

k

s

C

o

u

n

c

i

l

R

o

c

k

M

o

r

r

i

s

v

i

l

l

e

N

e

s

h

a

m

i

n

y

N

e

w

H

o

p

e

S

o

l

e

.

P

a

l

i

s

a

d

e

s

P

e

n

n

r

i

d

g

e

P

e

n

n

s

b

u

r

y

Q

u

a

k

e

r

t

o

w

n

6

,

6

2

1

1

,

2

5

9

6

,

1

7

2

5

,

7

1

2

1

9

,

8

5

6

1

1

,

5

1

2

9

6

3

8

,

8

1

9

1

,

5

8

7

1

,

7

8

8

7

,

3

5

2

1

0

,

7

4

5

5

,

4

3

3

2012-13 School year Enrollment

County Enrollment and Changes

01/22/2013 i:\Budget\2013-14 Budget\2013-01-22 Budget Presentation

3

School District Increase /

(Decrease )Over

the Prior Year

Bensalem 89

Bristol Boro. (79)

Bristol Town. (505)

Centennial (1)

Central Bucks (236)

Council Rock (159)

Morrisville 15

Neshaminy (61)

New Hope Sole. (17)

Palisades (22)

Pennridge (22)

Pennsbury (94)

Quakertown 69

Total

(1,023)

Source: BCIU #22 Enrollment Report

2011-12 Vs 2012-13

1984 – 2009: Enrollment Increased by 114% Enrollment is Expected to Decline Slightly Over the Next Several Years

0

5,000

10,000

15,000

20,000

1

9

8

4

1

9

8

5

1

9

8

6

1

9

8

7

1

9

8

8

1

9

8

9

1

9

9

0

1

9

9

1

1

9

9

2

1

9

9

3

1

9

9

4

1

9

9

5

1

9

9

6

1

9

9

7

1

9

9

8

1

9

9

9

2

0

0

0

2

0

0

1

2

0

0

2

2

0

0

3

2

0

0

4

2

0

0

5

2

0

0

6

2

0

0

7

2

0

0

8

2

0

0

9

2

0

1

0

2

0

1

1

2

0

1

2

2

0

1

3

2

0

1

4

2

0

1

5

2

0

1

6

9

,

5

5

0

9

,

4

8

6

9

,

6

2

5

9

,

7

1

9

9

,

8

5

7

1

0

,

0

6

7

1

0

,

2

8

6

1

0

,

6

9

6

1

1

,

1

8

2

1

1

,

8

2

6

1

2

,

5

4

9

1

3

,

2

7

6

1

3

,

9

6

8

1

4

,

8

9

7

1

5

,

8

5

3

1

6

,

5

8

6

1

7

,

3

0

5

1

7

,

9

2

3

1

8

,

5

4

9

1

9

,

0

8

9

1

9

,

5

8

6

2

0

,

0

2

6

2

0

,

3

4

7

2

0

,

3

9

4

2

0

,

3

9

6

2

0

,

4

5

6

2

0

,

4

4

0

2

0

,

0

9

2

1

9

,

8

5

6

1

9

,

5

6

6

1

9

,

3

1

6

1

9

,

0

6

6

1

8

,

8

1

6

CBSD enrollment October, 1st each year Current Year CB Projections

CBSD Enrollment


1000: Regular, Special, and Vocational

Instructional Programs

54.8%

2000: Guidance, Library, Health,

Intermediate Units, Maintenance,

Administration, Transportation,

27.3%

3000: Student Activities (clubs) and Community Services

2.1%

5000: Debt Payments, Transfers

for Transp, Tech, Constr, O.P.E.B. and

Debt Pay Off 15.8%

The proposed 2014-15 budget of

$299,482,939 is a 3.03% increase

over the 2013-14 budget

01/22/2013 i:\Budget\2013-14 Budget\2013-01-22 Budget Presentation

5

Salaries; $140,056,543;

47.1%

Benefits; $73,506,058;

24.7%

Prof & Tech Serv., IU, MBIT, Sub

Teachers; $6,767,178; 2.3%

Electricity, Rentals, Repairs; $6,941,175; 2.3%

Transportation, Insurance,

Charter Sch. Communication;

$21,072,435; 7.0%

Supplies, Natural Gas, Diesel, Text

Books; $8,135,392; 2.7%

Equipment & Property;

$1,021,090; 0.3% Interest,

Contingency; $7,054,046; 2.4%

Principal & Transfers;

$40,440,000; 13.5%


Keep tax increases at or below legislative limits

Provide recurring funding for technology, transportation,

small and large capital projects

Prepare for the large retirement rate increases over the next

5 years

Look for ways to reduce health care costs Employees are contributing more towards the monthly premium

Employees pay more for Doctor office co-payments

Joined the Bucks-Montgomery County Health Care Consortium

Explore and plan for future debt reduction

Provide a quality education.


5/17/2007 CBSD Meeting with Legislators 8

0%

5%

10%

15%

20%

1.09% 1.15% 3.77% 4.23% 4.69% 6.46% 7.13%

7.13% 6.20% 4.74% 4.73% 4.73% 18.73 17.66 16.44 16.12 15.83 15.52 15.23 14.94 14.66 14.38 14.11 13.84 13.59 13.35 13.11 12.89 12.68 12.48 12.29 12.10 9.62% 8.58% 7.47% 6.54%

01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 24-25 25-26 26-27 27-28 28-29 29-30 30-31 31-32 32-33 33-34 34-35 35-36

Fy 2007-08

7.13%

9.4% Increase in the

2007-08 Budget

295% Increase in

the 2012-13

Budget

18.73%

1.0

9%

1

.15

%

3.7

7%

4

.23

%

4.6

9%

6

.46

%

7.1

3%

4

.76

%

4.7

8%

5

.64

%

8.6

5%

16.93%

21.31%

25

.80

%

28

.30

%

29

.15

%

30

.14

%

30

.87

%

30

.78

%

30

.76

%

30

.93

%

30

.97

%

31

.02

%

31

.05

%

31

.10

%

31

.14

%

31

.15

%

31

.19

%

31

.23

%

31

.27

%

31

.32

%

31

.38

%

31

.43

%

18

.52

%

15

.21

%

13

.66

%

11

.72

%

10

.09

%

8.8

4%

7

.29

%

5.9

0%

4

.81

%

4.6

9%

4

.49

%

0%

5%

10%

15%

20%

25%

30%

35%0

1-0

2

02-0

3

03-0

4

04-0

5

05-0

6

06-0

7

07-0

8

08-0

9

09-1

0

10-1

1

11-1

2

12-1

3

13-1

4

14-1

5

15-1

6

16-1

7

17-1

8

18-1

9

19-2

0

20-2

1

21-2

2

22-2

3

23-2

4

24-2

5

25-2

6

26-2

7

27-2

8

28-2

9

29-3

0

30-3

1

31-3

2

32-3

3

33-3

4

34-3

5

35-3

6

36-3

7

37-3

8

38-3

9

39-4

0

40-4

1

41-4

2

42-4

3

43-4

4

44-4

5

45-4

6

Sch

ool

Dis

tric

t an

d S

tate

C

on

trib

uti

on

s

History Budget Year Projected by PSERS as of June 30, 2012 (published December 2012)

PSERS Retirement Contributions Published December 2012

For 2014-15, budgeted

contribution rate will

move from 16.93% to

21.4%

This will increase

retirement costs by

25.9% or about

$5,750,000



1.0

9%

1

.15

%

3.7

7%

4

.23

%

4.6

9%

6

.46

%

7.1

3%

4

.76

%

4.7

8%

5

.64

%

8.6

5%

16.93%

21.31%

25

.84

%

29

.27

%

30

.25

%

31

.28

%

32

.08

%

32

.02

%

32

.01

%

32

.22

%

32

.30

%

32

.36

%

32

.43

%

32

.52

%

32

.60

%

32

.68

%

32

.76

%

32

.86

%

32

.96

%

33

.05

%

33

.17

%

33

.27

%

19

.46

%

15

.92

%

14

.26

%

12

.42

%

10

.62

%

9.0

3%

7

.62

%

6.1

6%

5

.00

%

4.9

1%

4

.74

%

4.3

2%

0%

5%

10%

15%

20%

25%

30%

35%01-0

2

02-0

3

03-0

4

04-0

5

05-0

6

06-0

7

07-0

8

08-0

9

09-1

0

10-1

1

11-1

2

12-1

3

13-1

4

14-1

5

15-1

6

16-1

7

17-1

8

18-1

9

19-2

0

20-2

1

21-2

2

22-2

3

23-2

4

24-2

5

25-2

6

26-2

7

27-2

8

28-2

9

29-3

0

30-3

1

31-3

2

32-3

3

33-3

4

34-3

5

35-3

6

36-3

7

37-3

8

38-3

9

39-4

0

40-4

1

41-4

2

42-4

3

43-4

4

44-4

5

45-4

6

46-4

7

Sch

ool

Dis

tric

t an

d S

tate

C

on

trib

uti

on

s

History Budget Year Projected by PSERS as of June, 2013 ( published December 2013)

PSERS Retirement Published December 2013

For 2014-15, budgeted

contribution rate will

move from 16.93% to

21.4%

This will increase

retirement costs by

25.9% or about

$5,750,000

We have been saving for years in anticipation of higher PSERS rates just like “College Tuition”.

We are using our savings to pay off debt ahead of schedule and permanently eliminate some of our future principal and interest payments.

As debt principal and interest payments go down, we are better able to afford retirement system increases without major tax increases

We anticipate being able to meet our retirement obligations which allows us to . . .

continue to fund academic programs and instructional initiatives; support the arts and athletics, and maintain reasonable class sizes.



Actual Dollar

V alue of E stimated

P ayments

for 2013-2014

Actual Dollar V alue

of E stimated

P ayments

for 2014-2015

(a) 2011-12 PSERS Salary Base $133,209,000 $133,209,000

(b) PSERS Employer Contribution Rate 16.93% 21.40%

(c) Gross PSERS Amount for Reimbursement (a x b) $22,552,284 $28,506,726

(d) Revenue 7820 $11,276,142 $14,253,363

(e) Percent Share 50.00% 50.00%

(f) Local & Fed. Share(c x e) $11,276,142 $14,253,363

(f) Salary Base - Federal

(g) Salary Base - Federal $1,994,000 $1,994,000

(h) Expenditure Object 230 - Federal (g x b) $337,584 $426,716

(i) State & Fed Share for Fed Programs $168,792 $213,358

(j) PSERS Retirement - Prelimiinary Local Share (f - i) $11,107,350 $14,040,005

School District's Base Act 1 Index for 2014-2015 2.1%

(k) $233,254

(l) $2,932,655

$2,699,401

Estimated millage increase due to Act 1 Exception 1.63 mills or 1.33%

Act 1 Base Index 2.58 mills or 2.10%

Maximum Millage Increase Allowed by Act 1 4.21 mills or 3.43%

Base Index multiplied by 2013- 2014 budgeted school district share of payments to PSERS:

2014-2015 minus 2013-2014 Preliminary Local Share: (2014 j - 2013 j)

Allowable Retirement E xception ( l - k) :

Act 25 of 2011 Caps the Salary Base at 2011-

12 Levels $133,209,000

Reminder: Applying for an

Act 1 exception does not mean

the district will use the

exception to increase taxes.

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Elementary Class Size 23.6 23.6 23.4 23.1 23.5 23.3 23.2 24.0 23.7 23.9 23.7 23.5

15.0

17.0

19.0

21.0

23.0

25.0

27.0

29.0

Elementary Class Size


10th

18 25 42

123

350

$17,022 Upper St Claire

$12,975 Hampton

$14,002 CBSD

$12,295 Avon Grove

$-

$3,000

$6,000

$9,000

$12,000

$15,000

$18,000

$21,000

$24,000

$27,000

$30,0001

51

101

151

201

251

301

351

401

451

Up

pe

r

St

.

Cl

ai

r

SD

Mt

.

Le

ba

no

n

SD

Un

io

nv

il

le

-C

ha

dd

s

Fo

rd

S

D

Tr

ed

yf

fr

in

-E

as

tt

ow

n

SD

No

rt

h

Al

le

gh

en

y

SD

Ra

dn

or

T

ow

ns

hi

p

SD

Ha

mp

to

n

To

wn

sh

ip

S

D

So

ut

h

Fa

ye

tt

e

To

wn

sh

ip

S

D

Lo

we

r

Me

ri

on

S

D

Ce

nt

ra

l

Bu

ck

s

SD

Wa

ll

in

gf

or

d-

Sw

ar

th

mo

re

S

D

Fo

x

Ch

ap

el

A

re

a

SD

Gr

ea

t

Va

ll

ey

S

D

Ro

se

T

re

e

Me

di

a

SD

Lo

we

r

Mo

re

la

nd

T

ow

ns

hi

p

Ne

w

Ho

pe

-S

ol

eb

ur

y

SD

Up

pe

r

Du

bl

in

S

D

Wi

ss

ah

ic

ko

n

SD

Je

nk

in

to

wn

S

D

Ga

rn

et

V

al

le

y

SD

Do

wn

in

gt

ow

n

Ar

ea

S

D

Co

lo

ni

al

S

D

Co

un

ci

l

Ro

ck

S

D

Sp

ri

ng

-F

or

d

Ar

ea

S

D

We

st

C

he

st

er

A

re

a

SD

Me

th

ac

to

n

SD

No

rt

h

Pe

nn

S

D

Pe

rk

io

me

n

Va

ll

ey

S

D

Ha

tb

or

o-

Ho

rs

ha

m

SD

Av

on

G

ro

ve

S

D

So

ud

er

to

n

Ar

ea

S

D

Ow

en

J

.

Ro

be

rt

s

SD

Ha

ve

rf

or

d

To

wn

sh

ip

S

D

Sp

ri

ng

fi

el

d

To

wn

sh

ip

S

D

Sp

ri

ng

fi

el

d

SD

Pa

li

sa

de

s

SD

Ab

in

gt

on

S

D

Pe

nn

ri

dg

e

SD

Ma

rp

le

N

ew

to

wn

S

D

Qu

ak

er

to

wn

C

om

mu

ni

ty

S

D

Up

pe

r

Me

ri

on

A

re

a

SD

Ph

oe

ni

xv

il

le

A

re

a

SD

Ke

nn

et

t

Co

ns

ol

id

at

ed

S

D

Pe

nn

sb

ur

y

SD

Ch

el

te

nh

am

T

ow

ns

hi

p

SD

Up

pe

r

Mo

re

la

nd

T

ow

ns

hi

p

SD

Up

pe

r

Pe

rk

io

me

n

SD

Pe

nn

-D

el

co

S

D

Ne

sh

am

in

y

SD

Ox

fo

rd

A

re

a

SD

Ce

nt

en

ni

al

S

D

Po

tt

sg

ro

ve

S

D

Oc

to

ra

ra

A

re

a

SD

In

te

rb

or

o

SD

Ri

dl

ey

S

D

Be

ns

al

em

T

ow

ns

hi

p

SD

Mo

rr

is

vi

ll

e

Bo

ro

ug

h

SD

Co

at

es

vi

ll

e

Ar

ea

S

D

Br

is

to

l

To

wn

sh

ip

S

D

Up

pe

r

Da

rb

y

SD

Ch

ic

he

st

er

S

D

Po

tt

st

ow

n

SD

No

rr

is

to

wn

S

D

Br

is

to

l

Bo

ro

ug

h

SD

So

ut

he

as

t

De

lc

o

SD

Wi

ll

ia

m

Pe

nn

S

D

Ch

es

te

r-

Up

la

nd

S

D

Statewide PSSA Test Score rank 2013 (Use Left Scale) Average Instructional Expense Per Student ADM 2011-12 (Use Right Scale)01/22/2013 i:\Budget\2013-14 Budget\2013-01-22 Budget Presentation 14

Source: Pittsburgh Business Times Ranking of PSSA Scores http://www.bizjournals.com/pittsburgh/news/2013/04/05/statedistrictrank2013.html

Category 2014-15 2013-14 % Change

Salaries 139,000,707 141,585,869 -1.83%

Employee Benefits 71,858,400 69,363,672 3.60%

Prof. Services, Special Ed.,EIT Tax,Legal 6,413,000 6,685,145 -4.07%

Electricity, Rentals, Repairs 5,964,900 8,571,450 -30.41%

Contracted Services, Transp., MBIT, IU, Charter Sch 20,344,506 19,800,128 2.75%

Supplies, Natural Gas, Diesel, Heating Oil 7,395,400 8,794,285 -15.91%

Equipment 1,009,500 1,151,522 -12.33%

Interest Payments on Bonds 7,551,526 10,906,911 -30.76%

Prin., Buses, Technology, Renovations, GASB 45 & Debt Pay Off 39,945,000 23,825,000 67.66%

Total budget $299,482,939 $290,683,982 3.03%

Expense Budget


Board of School Directors

Consideration of the 2014-15 Preliminary Expenditure Budget Adoption of $299,482,939

Expenditure Increase of 3.03% or $8,798,957

Retirement = $5,750,000

Final Budget Adoption is Scheduled for May 28th

Superintendent and Cabinet

Refine Staffing Needs

Refine Health Care Numbers

Analyze Revenue Projections

Analyze Expenditure Projections

Analyze the Governor’s proposed Budget



CENTRAL BUCKS SCHOOL DISTRICT

Resolution Approving Preliminary Budget

and Authorizing Referendum Exception and Final Budget Notice

RESOLVED, by the Board of School Directors of Central Bucks School District, as follows:

1. The Proposed Preliminary Budget of the School District for the 2014- 2015 fiscal year

on form PDE 2028 as presented to the School Board is adopted as a Preliminary Budget Proposal

for the School District General Fund. The Administration and School Board will continue

review of budget components, and the Preliminary Budget may be revised prior to adoption of a

Final Budget for the 2014- 2015 fiscal year.

2. The Act 1 index applicable to the School District as calculated by the Pennsylvania

Department of Education is 2.1%. The Preliminary Budget Proposal assumes that the School

District will receive approval for use of one or more Act 1 real estate tax referendum exceptions.

The School District shall take all steps required to obtain approval for the referendum exceptions

contemplated in the Preliminary Budget Proposal, including advertising once in a newspaper of

general circulation and placing on the School District internet website Act 1 Referendum

Exception Notice in substantially the form as presented to the School Board.

3. The School District shall continue to make the Preliminary Budget Proposal available for

public inspection, and shall make the Proposed Final Budget in its then current form available for

public inspection at least 20 days before the date scheduled for adoption of the Final Budget.

4. At least 10 days before the date scheduled for adoption of the Final Budget, the Secretary

shall advertise Final Budget Notice in substantially the form as presented to the School Board.

The notice shall be advertised once in a newspaper of general circulation and shall be posted

conspicuously at the School District offices.

5. School District officials shall take all action necessary or appropriate to carry out the

intent of this resolution.

The Act 1 Base index is 2.1%

The district will apply for an Act 1 exception for retirement expenses

The final budget will be available for public inspection for 20 days

Advertise the intent to adopt a final budget 10 days prior to the meeting



Documents

2013-01-22 Budget Presentation - Central Bucks School ... · County Enrollment and Changes 01/22/2013 3 i: ... BCIU #22 Enrollment Report ... Joined the Bucks-Montgomery County Health