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1
West Allegheny School District Proposed Final Budget
2013-14
Presented by: Dr. John S. DiSanti, Superintendent
Mr. George Safin, Business Manager May 15, 2013
2
West Allegheny School District
The 2013-14 budget represents an increase of 5.04% from the 2012-13 adopted budget. It is estimated that the cost of maintaining existing program, services, and equipment upgrades will account for 88.39% ($2,350,168) of the 5.04% increase. 6.63% of the 5.04% increase is attributed to enrollment and security increases, which includes additional staffing needs. Finally, 4.99% ($132,958) of the 5.04% is due to rising debt service.
School Funding in Pennsylvania PA Spends $11.34 Billion on K-12 Education in 2012-13 Public education is 34% of state budget PA Ranks 47-50 out of 50 in State Support PA Contributes 36% (WA – 24%) Local Taxpayers 63% (WA – 75%) Federal 1% (WA – 1%) Cost of Instruction On Avg.- $9,000/student ($6,000 - $16,000) $13,700/student with capital outlay, debt service, transportation 7 hours a day – 180 days per year $7.14 per hour $10.85 per hour $49.81 per day instruction and related costs
3
Impact of State Funding Reductions $1.5 Billion lost since 2008 $860 million of cuts in 2011-12 (WA = $602,325) Additional $100 million of cuts in 2011-12 – ABG (WA = $100,000) 2012-13 – 27.14 Billion Budget - $20 million less than 2011-12
4
What Comprises Costs? Mandates Special Education Transportation Food Service Regulations Charter School Reimbursement Employee Pensions Testing/Curriculum Requirements ESL Prevailing wages for construction Curriculum Technology Textbooks Supplies Charter Schools
5
What Comprises Costs?
Employee Costs – 62% - 65% Salaries and Benefits
Pension costs escalation Employer PSERS Employee State/Investment Earnings 2012 – 13 -- 12.36% 2013 – 14 -- 16.93% Projected 2014 – 15 -- 21.31% Projected 2015 – 16 -- 25.80% Projected 2019 – 20 -- 30.87% 6
7
Adopted 2012-13 Proposed Budget 2013-14 REVENUE at 22.0 mills at 18.41 mills Local Sources $ 38,981,123 $ 39,175,116 State Sources $ 12,572,407 $ 13,466,925 Federal Sources $ 650,044 $ 612,299 Other Sources $ 4,500 $ 4,500 TOTAL REVENUE $ 52,208,574 $ 53,258,840 EXPENDITURES Instruction – (Regular Programs, Special $ 26,409,746 $ 28,009,843 Programs, Vocational Education Programs) Instructional Support Services – (Pupil Personnel $ 17,436,417 $ 18,139,294 Services, Instructional Staff Development, Administration, Health Services, Financial Services, Operation of Plant, Transportation, Other Support Services) Non-Instructional Services – (Student Activities, $ 8,902,841 $ 9,258,790 Community Services, Site Improvement, Debt Service) TOTAL EXPENDITURES $ 52,749,004 $ 55,407,927 ENDING FUND BALANCE (as adopted) $ 3,523,808 (6.7%) $ 2,584,833 (4.7%) (projected) $ 4,126,086 (7.8%) ASSIGNED FUND BALANCE (as adopted) $ 4,376,548 $ 5,661,613 (projected) $ 6,269,447
West Allegheny School District Budget Summary
8
Budget Projections through 2016-17 (0 millage increase)
Millage Rate 22.00 18.41 18.41 18.41 18.41Millage increase yr to yr 0.00 0.00 0.00 0.00 0.00
18.41
Fiscal Year 2012-13 2013-14 2014-15 2015-16 2016-17
Estimated Beginning Fund Balance 9,894,403$ 10,395,274$ 8,246,186$ 4,566,959$ 159,391$
Revenues 52,076,943$ 53,258,840$ 54,905,698$ 56,649,917$ 57,997,905$
ExpendituresSalaries 23,671,928$ 24,687,746$ 25,489,742$ 26,155,327$ 26,856,567$
Social Security 1,831,214$ 1,908,408$ 1,971,134$ 2,023,216$ 2,078,089$ PSERS 2,928,101$ 4,179,038$ 5,431,864$ 6,748,074$ 7,600,408$
Health Insurance 4,548,053$ 4,811,382$ 4,902,677$ 5,073,323$ 5,235,769$ Other Employee Benefits 456,002$ 402,158$ 414,223$ 426,649$ 439,449$
Transportation 3,789,842$ 3,903,956$ 4,011,315$ 4,011,315$ 4,121,626$ Debt Service 5,988,146$ 6,937,534$ 7,528,933$ 7,519,493$ 7,907,254$
All Other Areas 8,362,788$ 8,577,705$ 8,835,036$ 9,100,087$ 9,373,090$
Expenditures 51,576,073$ 55,407,927$ 58,584,925$ 61,057,485$ 63,612,253$
Difference 500,871$ (2,149,087)$ (3,679,227)$ (4,407,568)$ (5,614,347)$
Estimated Ending Fund Balance 10,395,274$ 8,246,186$ 4,566,959$ 159,391$ (5,454,956)$ Mills above (below) balance (2.84)
9
West Allegheny School District General Budget Expenditure Trend
School Year Budget Increase % Increase
2003-04 $38,914,848 $3,939,867 11.3%
2004-05 $39,743,564 $ 828,716 2.1%
2005-06 $41,791,669 $2,048,105 5.2%
2006-07 $43,945,355 $2,153,686 5.2%
2007-08 $45,383,047 $1,437,692 3.3%
2008-09 $46,402,084 $1,019,037 2.25%
2009-10 $48,291,164 $1,889,081 4.1%
2010-11 $50,595,029 $2,303,865 4.8%
2011-12 $50,572,841 ($ 22,188) (0.001%) 2012-13 (Projected) $51,576,023 $1,003,182 2.0%
2013-14 (Proposed) $55,407,927 $3,831,854 7.4%
10
Areas of Increased Expenditures from 2012-13 to 2013-14
Increase amount
Existing Staff: Salaries $ 807,497 FICA (Payroll Tax) $ 61,257 PSERS (Retirement) $ 1,215,668 Health Insurance $ 238,784
New Staff (Salaries and Benefits) $ 285,946
Debt Service New Issuance $ 436,833
Existing Issues $ 512,555
Contract Transportation & Fuel $ 114,115 Utilities $ 99,159 School Resource Officers $ 107,000 All other areas $ (46,960)
Total Increases $ 3,831,854
11
Millage Rate 18.6 18.6 21.5 21.5 22.0 22.0 22.0 22.0 22.0 18.41
0
2000000
4000000
6000000
8000000
10000000
12000000
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
Fund BalanceConstruction $ Transfer
West Allegheny School District
Fund Balance/Construction Transfer
12
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
$9,000,000
03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13
Fund Balance
Construction $ Transfer
West Allegheny School District
Fund Balance/Construction Transfer
Millage Rate 17.1 18.6 18.6 21.5 21.5 22.0 22.0 22.0 22.0 22.0
13
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
$50,000,000
$55,000,000
$60,000,000
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
$39,743,564$41,791,669$43,945,355
$45,383,047$46,402,084 $48,291,164
$50,709,487 $50,572,841$51,576,073
$55,407,927
GENERAL BUDGET EXPENDITURES
14
Public School Enrollment
3263 32703270
32733221 3228
3272
3260
3254
3248
2500
2600
2700
2800
2900
3000
3100
3200
3300
3400
3500
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
Numb
er of
Stu
dent
s
School Year
15
$12,572,407
$612,299
$38,981,123
STATE
FEDERAL AND OTHER
LOCAL
WEST ALLEGHENY SCHOOL DISTRICT
REVENUE BREAKOUT
75%
24%
1%
16
West Allegheny School District Assessed (Taxable) Values
8 Year Change = +$256,765,491 - - 19.0% overall or 2.4% per year
17
DATE FINDLAY TWP NORTH FAYETTE OAKDALE January, 2005 $ 435,653,032 $ 853,370,157 $ 53,624,720 January, 2006 $ 428,205,995 $ 882,167,888 $ 53,604,910 January, 2007 $ 424,703,796 $ 901,002,439 $ 53,767,700 January, 2008 $ 457,964,221 $ 918,030,503 $ 53,591,560 January, 2009 $ 460,179,201 $ 925,228,578 $ 53,399,620 January, 2010 $ 552,557,241 $ 863,903,758 $ 54,866,450 January, 2011 $ 578,178,901 $ 977,425,858 $ 54,966,560
January, 2012 $ 576,859,701 $ 975,150,219 $ 55,189,040
April, 2013 $ 744,778,175 $1,233,344,870 $ 70,430,850
Note: 2013 is reassessment year Pre-reassessment 7 year change = + $266,551,051
Pre-reassessment 19.85% overall growth Pre-reassessment growth 2.83% per year
West Allegheny School District Assessed (Taxable) Values
18
2013 – 14 Reassessment Impact (18.41 mills) as of 5-2-2013
Assessed Values 2012 2013 DifferenceFindlay 578,773,791$ 742,478,875$ 163,705,084$ North Fayette 981,580,619$ 1,232,370,870$ 250,790,251$ Oakdale 55,208,940$ 70,430,850$ 15,221,910$
Current Assessed Value 1,615,563,350$ 2,045,280,595$ 429,717,245$ New Taxable Properties -$ 39,163,607$ (excluded from millage recalculation)
Appeal Reserve -$ 75,000,000$ (excluded from millage recalculation)
Adjusted Assessed Value 1,615,563,350$ 1,931,116,988$
Percentage Increase in overall assessed values 26.60%
Revenue Neutral PointNo Millage Increase 2012 2013
Tax Levy 35,542,394$ 35,542,394$ Millage Rate 22.00 18.41Property Assessed Value 100,000.00$ 119,532.74$ 19.53%Tax Bill for property 2,200.00$ 2,200.00$
Note:If a property's assessed value increased by higher percentage than revenue neutralpoint, its tax bill will increase. If it increased by lower percentage, it will decrease.
19
2013 – 14 Reassessment Impact (18.41 mills)
Average Residence 2012 2013 Difference % change
Findlay 92,521$ 115,834$ 23,313$ 25.20%
North Fayette 91,998$ 113,851$ 21,853$ 23.75%
Oakdale 69,607$ 86,014$ 16,407$ 23.57%
Average Tax Bill 2012 2013 Difference % changeFindlay 2,035.45$ 2,135.98$ 100.53$ 4.94%
North Fayette 2,023.96$ 2,099.41$ 75.45$ 3.73%
Oakdale 1,531.36$ 1,586.10$ 54.74$ 3.57%
20
Clinton Industrial Park (25% on Buildings/Land Improvements) (20 years/ bond length) (2025,26,27)
FK Development (Knepper Press) District Net (Face) @ 18.41 Mills • Land – Assessed at $703,200 $ 12,946 • Building – Assessed at $4,595,500 $ 21,151
Buncher Building
• Land – Assessed at $555,165 $ 10,221 • Building – Assessed at $5,594,835 $ 25,751
Buncher Phase II • Land – Assessed at $774,600 $ 14,260 • Building – Assessed at – $6,225,400 $ 28,652
Flabeg Building
• Land – Assessed at $519,700 $ 9,568 • Building – Assessed at $ 8,880,300 $ 40,872
TIF PROPERTIES
21
Potato Garden - (25% on Buildings/Land Improvements) (20 years/ bond length) (2025,26,27)
EBW Realty Associates District Net (Face) @ 18.41 Mills • Land – Assessed at $771,600 $ 3,551 • Building - Assessed at $9,299,000 $ 42,799
OH Pittsburgh Warehouse Building • Land – Assessed at $480,000 $ 2,209 • Building – Assessed at $4,615,900 $ 21,241
Alro Steel Building
• Land – Assessed at $600,000 $ 2,762 • Building – Assessed at $4,901,000 $ 22,559
Northfield Site (25% on Buildings) (20 years/ bond length) TBD
– PIT International Logistics Center
TIF PROPERTIES (Continued)
22
Dick’s Sporting Goods (50% on Buildings or max abatement of $630,000/year for 10 years )(2020-21)
District Net (Face) @ 18.41 Mills
• Land – Assessed at $7,297,100 $160,536 • Building – Assessed at $85,583,700 $945,296
Burns and Scalo – Flex Commercial/Office Space Building. Approved in July 2011. LERTA to commence when property placed on tax rolls Abatement Schedule – Land 100% taxable Buildings – 30% abatement for six years
LERTA PROPERTIES
23
West Allegheny School District General Budget Revenue Trend
School Year Budget Increase % Increase 2003-04 (actual) $38,794,275 $3,614,391 10.3%
2004-05 (actual) $39,915,478 $1,121,203 2.9%
2005-06 (actual) $43,645,217 $3,729,739 9.3%
2006-07 (actual) $44,932,265 $1,287,048 2.9%
2007-08 (actual) $46,245,442 $1,313,177 2.9%
2008-09 (actual) $47,382,115 $1,136,673 2.5%
2009-10 (actual) $48,994,732 $1,612,617 3.4%
2010-11 (actual) $53,303,331 $1,602,088 3.3%
2011-12 (actual) $51,444,433 ($1,858,898) (3.5%)
2012-13 (projected) $52,076,943 $ 632,510 1.2%
2013-14 (proposed) $53,258,840 $ 1,181,897 2.3%
24
73% 76% 77% 77% 76% 76% 77% 77% 75% 75%75%
23% 24% 22% 22% 23% 23% 22% 22% 24% 24% 24%
1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1%0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
03-04 04-05 05-06 06-07 '07-08 '08-09 09-10 10-11 11-12 12-13 13-14
% o
f Tot
al R
even
ue
School Year
Series1
Series2
Series3
Revenue Trend Analysis
25
Lost Operational Revenues State Funding Source (year funds were cut) Funds Lost
Accountability Block Grant (10-11) $ 16,875
Basic Education Funding (11-12) $ 309,413
Charter School Reimbursement (11-12) $ 138,608
Accountability Block Grant (11-12) $ 154,304
Total State Funds Lost $ 619,200
2013-14 Cumulative Impact of loss of these funds $ 2,420,561** **Cumulative impact represents estimated amount of funds District could have had in fund balance at end of 2013-14 fiscal year if state would not have made funding cuts and continued to increase basic funding by 2% as done (on average) for the past 7 years.
26
Personnel Changes for 2013-2014
1. One ½ time Life Skills Teacher at Wilson Elementary (increases existing half-time position to full time)
2. Two ½ time Life Skills Teacher Aides at Wilson Elementary
(increases the two existing positions to full time)
3. One High School Biology Teacher
4. Two Elementary School Teachers (TBD)
5. One-half time Elementary Music Teacher
6. SRO-DARE-Police Officers
27
New Programs
Bio-Medical Program
Entertainment Technology Program
28
29
30
$34,868 $36,165 $37,405 $38,920 $40,460 $41,915$43,586
$44,324 $45,024 $46,762
$78,000 $79,925 $81,875
$83,850 $85,850$87,875
$89,938 $91,505$92,990
$94,558
$54,540 $53,678$57,340
$54,350
$54,699$58,978
$60,275$63,177
$64,221 $66,994
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
Beginning Teacher (B) Top Scale Teacher (B) Avg. Salary
West Allegheny School District Teacher Salaries
31
West Allegheny School District Employee Annual 2013-14 Benefits Cost
SINGLE FAMILY Average Teacher Salary $66,994 $ 66,994 Medical $ 6,211 $ 17,543 Dental $ 314 $ 1,034 Vision $ 57 $ 140 Life $ 108 $ 108 SUBTOTAL (Benefits) $ 6,690 $ 18,825 Cost Share $ 432 $ 1,224 Social Security $ 2,563 $ 2,563 Retirement $ 5,671 $ 5,671 Workers Compensation $ 603 $ 603 TOTAL COST $ 82,089 $ 93,432
32
West Allegheny School District Health Care Cost Analysis
School Year POS/PPO Family Monthly Cost % Increase 2003-04 $ 928 28.4% 2004-05 $1,067 15.0% 2005-06 $1,099 3.0% 2006-07 $1,099 0.0% 2007-08 $1,127 2.5% 2008-09 $1,195 6.0% 2009-10 $1,243 4.0% 2010-11 $1,305 5.0% 2011-12 $1,305 0.0% 2012-13 $1,366 4.75% 2013-14 $1,462 7.0%
33
West Allegheny School District Health Care Cost Analysis
0100200300400500600700800900
100011001200130014001500
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
$1,067$1,099 $1,099 $1,127
$1,195 $1,243$1,305 $1,305
$1,366$1,462
Mon
thly
Pre
miu
m
School Year
POS Family
POS Family
34
West Allegheny School District Employee Health Care Contribution
$0$5
$10$15$20$25$30$35$40$45$50$55$60$65$70$75$80$85$90$95
$100
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
$0
$15$20
$30 $30$35 $35 $35 $36 $36
$0
$25
$35
25 $45$50
$71
$82
$100 $102
Mon
thly
Pre
miu
m
School YearInd. Contribution Multi./Family Contribution
35
Retirement Contribution Analysis School Year %Salary Contribution %Increase 2004 – 2005 4.23% ($ Increase) + 12.0% 2005 – 2006 4.69% + 11.0% 2006 – 2007 6.46% + 38.0% 2007 – 2008 7.13% + 11.0% 2008 – 2009 4.76% - 33.2% 2009 – 2010 4.78% + .4% 2010 – 2011 5.64% $ 206,769 + 18.0% 2011 – 2012 8.65% $ 759,258 + 53.4% 2012 – 2013 12.36% $ 915,281 + 42.9% 2013 – 2014 16.93% $1,215,668 + 37.0%
36
Special Education Enrollment
609597
584 580
594578 580 575 562
557
400
425
450
475
500
525
550
575
600
625
650
675
700
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
Numb
er of
Stu
dent
s
School Year
37
West Allegheny School District Special Education Costs
School Year Reimbursement Expenses Difference 2004-05 $1,413,003 $3,915,229 $2,502,226 2005-06 $1,447,586 $4,319,543 $2,871,957 2006-07 $1,480,295 $3,921,693 $2,441,398 2007-08 $1,514,504 $3,764,037 $2,249,533 2008-09 $1,538,624 $3,962,025 $2,423,451 2009-10 $1,557,821 $4,249,737 $2,691,916 2010-11 $1,538,619 $4,602,530 $3,054,322 2011-12 $1,548,208 $4,976,934 $3,428,726
2012-13 (budgeted) $1,548,208 $5,097,938 $3,549,730 2013-14 (budgeted) $1,540,467 $5,436,014 $3,895,547
38
West Allegheny School District Special Education Costs
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
Special Ed. Budget
Special Ed. Subsidy
32.2% 31%% reflects percentage of special education expenditures subsidized by state funding
37.8% 36.1% 33.5% 37.7% 40.2% 38.8% 35.0%
39
34
3435 35 35 35
35 35 3536
35
35 36 36
41
46 46
4541
42
05
1015202530354045505560
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
Staf
f Num
bers
School Year
Special Ed. Teachers Aides
West Allegheny School District Special Education Staffing
40
Private School Enrollment (Non Public, Alt. Ed., APS, Center Based)
214220
170 180
184
166
159165
159
100110120130140150160170180190200210220230240250
04-05 05-06 06-07 07-08 08-09 09-10 11-12 12-13 13-14
Numb
er of
Stud
ents
School Year
The Charter School Dilemma
$1 Billion spend 73,000 students $108 Million surplus in 2008-09 Flawed funding formula (tuition rate) WA - $10,344 $19,070 Underperforming only 2 of 12 “cyber” met AYP
44% of Charters failed to meet AYP
“Students in PA Charter Schools on average make smaller gains” (Center for Educational Opportunities (CREDO) Stanford University 2011) Lack of Accountability – Fiscal/Performance Source: PA Auditor General
October 2010 41
42
Cyber/Charter School Costs School Year Cyber/Charter Cost Cyber/Charter
Reimbursement Net Cost Mill Equivalent
2006 – 2007 $242,829 $57,424 $185,405 .1442
2007-2008 $296,417 $76,847 $219,570 .1693
2008-2009 $459,173 $79,782 $379,391 .2797
2009-2010 $641,123 $135,903 $362,294 .2629
2010-2011 $559,018 $138,608 $420,410 .2786
2011-2012 $564,615 $0 $564,615 .3737
2012-2013 (est.) $543,378 $0 $543,378 .3596
2013-2014 (budgeted) $552,000 $0 $552,000 .3056
Annual per student charter school cost Regular Education Special Education Number of Students
2006 – 2007 $ 8,519.30 $ 16,258.42 24
2007 - 2008 $ 8,759.58 $16,230.30 27
2008 – 2009 $8,934.74 $17,022.62 50
2009 – 2010 $9,548.78 $18,124.17 50
2010 – 2011 $9,843 $18,124.17 58
2011 – 2012 $9,730.32 $18,347.95 57
2012 -- 2013 $10,344 $19,070 50
43
Cyber/Charter School Costs
$217,217
$242,829
$296,417
$459,173
$641,123
$559,018$564,615
$543,378
$552,000
$25,419
$57,424 $76,847 $79,782
$135,903 $138,608
$0 $0 $0 $-
$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Cyber CostReimbursement
44
$0 $250,000 $500,000 $750,000
$1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000
Transportation Costs Fuel Costs (Transportation)
West Allegheny School District Transportation Costs/Fuel Costs
45
Non-Public School Transportation Destinations
• Our Lady of Sacred Heart (13) • Rhema Christian School (20) • St. Phillips School (4) • Total Learning Centers (1) • Western PA School for Blind (1) • Bishop Canevin Catholic HS (7) • Holy Trinity (59) • Tri-State Christian Academy (2) • Pathfinder (3) • Holy Child (2) • Mercy Partial(1) • Montessori Children’s Comm. (1) • DART Classroom McCormick (3) • Family Links (2) • The School At McGuire (1) • Leap Preschool (3)
• Pumpkin Patch (2) • St. James School (3) • Sewickley Academy (7) • Robinson Township Christian (7) • St. Malachy School (3) • Holy Family Institute (1) • Propel (3) • The Watson Institute (2) • Wesley Academy (3) • Pioneer School (2) • McGuire Employment Option (1) • St. Anthony (2)
46
West Allegheny School District Debt Service
School Year Debt Service % of Total Budget 2003-04 $5,219,131 13.6 2004-05 $5,697,788 14.3 2005-06 $6,689,624 16.0 2006-07 $6,979,006 15.9 2007-08 $7,200,439 15.9 2008-09 $7,275,621 15.7 2009-10 $7,733,994 15.6 2010-11 $7,582,615 14.6 2011-12 $7,094,252 13.6 2012-13 $5,988,146 11.6 2013-14 $6,937,534 12.5
47
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14TOTAL BUDGET (EXPENSES)
West Allegheny School District % of Debt Service to Expenses
48
Upcoming Refunding Opportunities
Series Call Date Estimated Savings 2009 (portion) 9/1/14 $350,000** **These savings represent the best estimate based on refinancing a portion of this issue as bank qualified. The closing date for this refinanced issuance would be November 1, 2013.
Note: Information provided by Lou Verdelli of RBC, WASD Financial Advisor.
49
West Allegheny School District Un and Under Funded Mandates
Projected 2013-2014
Program Cost Funding Shortfall
Special Education $5,436,014 $1,540,467 $3,895,547
PSSA Testing $ 75,000 $0 $ 75,000
ESL $116,144 $0 $ 116,144
Cyber School $552,000 $0 $552,000
Non-Public Bussing $1,136,589 $ 61,215 $1,075,374
TOTAL $5,714,065
*Lost Operational Revenues - $2,420,561
50
West Allegheny School District
The 2013-14 budget includes $5,714,065 attributable to unfunded or under funded mandates. This equates to 10.3% of the total budget.
51
Allegheny County Millage Comparison 2012
School District 2012
Millage School District 2012
Millage School District 2012
Millage School District 2012
Millage
Wilkinsburg 36.67 South Park 25.99 Carlynton 23.15 Quaker Valley 21.25
South Fayette 28.82 Upper St. Clair 25.72 West Mifflin 22.99 Duquesne City 21.10
Northgate 28.60 Shaler Area 25.63 Pine-Richland 22.82 West Jefferson Hills 21.08
Brentwood 28.27 Bethel Park 25.49 Plum Borough 22.20 Avonworth 20.94
East Allegheny 27.54 Riverview 25.36 Keystone Oaks 22.03 North Allegheny 20.92
Mount Lebanon 27.13 Elizabeth Forward 25.01 West Allegheny 22.00 Chartiers Valley 19.88
Clairton City 26.80 Sto-Rox 25.00 Gateway 21.85 Montour 18.90
Deer Lakes 26.69 Penn Hills 24.81 Fox Chapel 21.56 South Allegheny 18.49
Cornell 26.55 Steel Valley 24.16 Hampton 21.35 McKeesport 17.49
Highlands 26.41 Allegheny Valley 23.46 Moon Area 21.30
Woodland Hills 26.21 Baldwin-Whitehall 23.40 North Hills 21.26 County Average 23.96