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2017-18 EXPENSE OVERVIEW CATAPULT PROGRAM AT ROOSEVELT
BRIEF ATHLETIC PROGRAM UPDATE
2017-18 UPDATED STAFFING RECOMMENDATIONS
Norristown Area School District
2017-18 Budget
2017-18 REVENUE OVERVIEW
POTENTIAL SALE OF DELIQUENT TAX RECEIVABLES
TAXPAYER IMPACT / NEXT STEPS4
2017-18 PRIORITIES
2017-18 BUDGET PRIORITIES / RECOMMENDATIONS
Norristown Area School District
2017-18 Budget
Maintain full-day kindergarten program; Including maintaining Musselman
Learning Center as a kindergarten center
Providing adequate instructional materials & textbooks
Maintain strong range of music, arts, and foreign languages courses
Maintain manageable class sizes
Maintain adequate staffing to support growing ELL student population
Maintain adequate staffing to support our Special Education programming
Maintain School Resource Officers
Adequately plan for facilities management, maintenance, repairs, and facility
upgrades.
FROM
JANUARY 2017
2017-18 BUDGET PRIORITIES / RECOMMENDATIONS
Norristown Area School District
2017-18 Budget
Maintain full-day kindergarten program; Including maintaining Musselman
Learning Center as a kindergarten center
Providing adequate instructional materials & textbooks
Maintain strong range of music, arts, and foreign languages courses
Maintain manageable class sizes
Maintain adequate staffing to support growing ELL student population
Maintain adequate staffing to support our Special Education programming
Maintain School Resource Officers
Adequately plan for facilities management, maintenance, repairs, and facility
upgrades.
ALTHOUGH WE ARE RECOMMENDING AN EXTENSIVE SERIES OF
COST CONTAINMENT STRATEGIES
OUR 2017-18 PROPOSED FINAL BUDGET
STILL SUPPORTS THESE PRIORITIES
STILL ALLOWS US TO MAINTAIN AND PROVIDE OUR CORE
PROGRAMS WITH FIDELITY
2
Norristown Area School District2017-18 Budget
2017-18 REVENUE OVERVIEW STATE/FEDERAL BUDGET UPDATE
POTENTIAL SALE OF DELIQUENT TAX RECEIVABLES
2017-18 PROJECTED REVENUE
72%
24%
4%
Local State Federal
STATE BUDGET STILL BEING
NEGOTIATED
NO SIGNIFICANT NEW DOLLARS
EXPECTED
CONCERNS SURROUND POTENTIAL
BUDGET IMPASSE
72%
24%
4%
Local State Federal
STATE BUDGET STILL BEING
NEGOTIATED
NO SIGNIFICANT NEW DOLLARS
EXPECTED
CONCERNS SURROUND POTENTIAL
BUDGET IMPASSE
FEDERAL ALLOCATIONS STILL NOT
AVAILABLE FROM PDE
NO SIGNIFICANT NEW DOLLARS
EXPECTED
CONCERNS SURROUND POTENTIAL
LOSS OF PROGRAM REVENUE
72%
24%
4%
Local State Federal
STATE BUDGET STILL BEING
NEGOTIATED
NO SIGNIFICANT NEW DOLLARS
EXPECTED
CONCERNS SURROUND POTENTIAL
BUDGET IMPASSE
FEDERAL ALLOCATIONS STILL NOT
AVAILABLE FROM PDE
NO SIGNIFICANT NEW DOLLARS
EXPECTED
CONCERNS SURROUND POTENTIAL
LOSS OF PROGRAM REVENUE
AS A RESULT, @ 28% OF OUR PROJECTED REVENUE
($42 MILLION) IS STILL UNCERTAIN @ 6/12/2017
HOWEVER, NASD MUST STILL ADOPT
OUR 2017-18 BUDGET BY JUNE 30, 2017
STATE BUDGET UPDATE• Pension reform – primary focus over the past few weeks
• Assessment appeal legislation – also hot topic
– House Bill 1213 - would restrict NASD’s ability to challenge property assessments
– Expected to be a legislative focus again shortly
• Charter School Reform – unlikely for 2017-18 ?
• Budget negotiations not advancing quickly – unlikely to be finalized prior to the
adoption of our 2017-18 Final Budget (June 26, 2017)
– Commonwealth budget deficit projected at $ 3 billion
– New revenue sources needed:
• Expanded gambling?
• Online gambling - legalized fantasy and sports betting ?
• Video gambling in bars?
• Airport gambling ?
PSERS UPDATE
• Pension reform
– Primary focus over the past few weeks
– Bill has been approved - Governor Wolf signature expected on June 12
– Important step in addressing PSERS Crisis
• Significantly reduces retirement benefits for staff hired after July 1, 2019
• Options include: 401k-style plan or hybrid retirement plan
• Minimal impact on current staff
PSERS UPDATE
• Pension reform
– Primary focus over the past few weeks
– Bill has been approved - Governor Wolf signature expected on June 12
– Important step in addressing PSERS Crisis
• Significantly reduces retirement benefits for staff hired after July 1, 2019
• Options include: 401k-style plan or hybrid retirement plan
• Minimal impact on current staff
– Does not produce immediate relief to address unfunded liability ($62 billion)
– Does not result in short-term relief for public school districts
• Employer contribution rates expected to remain above 30% for the next
few years
• Employer costs are actually projected to rise even higher in the short-
term than previously expected
FEDERAL BUDGET UPDATE (Proposed Cuts Include):
U.S. Dept of Agriculture (USDA)
2017-18 Fresh Fruits & Vegetables Allocation
Not Available Yet
FEDERAL BUDGET UPDATE (Proposed Cuts Include):
U.S. Dept of Health & Human Services
American Healthcare Act proposed to repeal/
replace Affordable Care Act
Includes cuts to Medicaid funding which
could significantly reduce funding to
schools under the School Based Access
Program
FEDERAL BUDGET UPDATE (Proposed Cuts Include):
US Dept of Education
2017-18 Title I, II-A, III, IV, and IDEA
allocations still not available!
Cuts directed at IDEA & Title I
Title II and IV to be eliminated
Priorities: Improving School Choice &
Charter School Expansion
• Historical data provided in early May
At that time, we did not recommend selling tax liens to
mitigate the projected 2016-17 deficit
But – additional data, including transaction pricing, was
needed to finalizing a recommendation about selling tax liens
as a strategy to help close the 2017-18 budget shortfall
SALE OF DELINQUENT TAX RECEIVABLES
• Historical data provided in early May
At that time, we did not recommend selling tax liens to
mitigate the projected 2016-17 deficit
But – additional data, including transaction pricing, was
needed to finalizing a recommendation about selling tax liens
as a strategy to help close the 2017-18 budget shortfall
SALE OF DELINQUENT TAX RECEIVABLES
NASD RE Taxes Outstanding @ 5/10/17
(Principal & Interest)
$ 5,428,074
Estimated Purchase Price $ 2,800,000
= 52%
52 Cents Per Dollar
• Historical data provided in early May
At that time, we did not recommend selling tax liens to
mitigate the projected 2016-17 deficit
But – additional data, including transaction pricing, was
needed to finalizing a recommendation about selling tax liens
as a strategy to help close the 2017-18 budget shortfall
SALE OF DELINQUENT TAX RECEIVABLES
NASD RE Taxes Outstanding @ 5/10/17
(Principal & Interest)
$ 5,428,074
Estimated Purchase Price $ 2,800,000
= 52%
52 Cents Per DollarLower than anticipated
SALE OF DELINQUENT TAX RECEIVABLES
PROS
Generates Cash Flow
Seamless to Taxpayer
(Tax Claim Bureau remains local collector and
point of contact)
Purchaser pays the 6% cost
SALE OF DELINQUENT TAX RECEIVABLES
PROS CONS
Generates Cash Flow 52% Discount Rate
Seamless to Taxpayer
(Tax Claim Bureau remains local collector and
point of contact)
Agreement of sale includes a
mandatory buy-back provision
Purchaser pays the 6% cost Vendor preference is for 3 year
agreement
SALE OF DELINQUENT TAX RECEIVABLES
PROS CONS
Generates Cash Flow 52% Discount Rate
Seamless to Taxpayer
(Tax Claim Bureau remains local collector and
point of contact)
Agreement of sale includes a
mandatory buy-back provision
Purchaser pays the 6% cost Vendor preference is for 3 year
agreement
RECOMMENDATION (6/12/17) – DO NOT MOVE FORWARD WITH SALE
OF DELINQUENT TAX RECEIVABLES AS A WAY TO ADDRESS 2017-18
BUDGET SHORTFALL
HOWEVER – KEEP THIS STRATEGY IN MIND AS WE MOVE FORWARD –
PARTICULARLY IF A STATE BUDGET IMPASSE OCCURS
3
Norristown Area School District2017-18 Budget
2017-18 EXPENSE OVERVIEW CATAPULT PROGRAM AT ROOSEVELT
BRIEF ATHLETIC PROGRAM UPDATE
2017-18 UPDATED RECOMMENDATIONS
• For many months now, the Administration has been exploring an alternative
use for space at Roosevelt
• Exploring partnership with Catapult Learning
– On-site alternative school provider
– Cost effective program designed to better serve the needs of some of our
Emotional Support students
• Estimated 2017-18 savings (tuition & transportation) of $350k was shared in
May and was included in “Proposed Final Budget”
– Due diligence has been underway;
• Vetting students, facility needs, transportation options, etc.
• Legal team reviewing contract details
• Legal / Logistical challenges necessitate delaying implementation
CATAPULT PROGRAM @ ROOSEVELT
• For many months now, the Administration has been exploring an alternative
use for space at Roosevelt
• Exploring partnership with Catapult Learning
– On-site alternative school provider
– Cost effective program designed to better serve the needs of some of our
Emotional Support students
• Estimated 2017-18 savings (tuition & transportation) of $350k was shared in
May and was included in “Proposed Final Budget”
– Due diligence has been underway;
• Vetting students, facility needs, transportation options, etc.
• Legal team reviewing contract details
• Legal / Logistical challenges necessitate delaying implementation
CATAPULT PROGRAM @ ROOSEVELT
Original goal - September 2017 program implementation
Updated goal - January 2018 program implementation
• As shared earlier this spring, expanding interest in our athletic program and
enhancing skill level of student-athletes at our middle schools is important to
the future of our program
• Athletic Director & Middle School Athletic Coordinators developed a cost-
neutral proposal to address these goals
ATHLETIC PROGRAM UPDATE
• As shared earlier this spring, expanding interest in our athletic program and
enhancing skill level of student-athletes at our middle schools is important to
the future of our program
• Athletic Director & Middle School Athletic Coordinators developed a cost-
neutral proposal to address these goals
• Proposal includes:
– Reorganizing field hockey, boys soccer, girls soccer, girls volleyball, girls
basketball, boys basketball, baseball, softball, and girls lacrosse
– Football, wrestling, track remain as-is
– Developmental (5th – 6th – 7th intramural) squads introduced for several sports
ATHLETIC PROGRAM UPDATE
CURRENT MIDDLE SCHOOL
OPPORTUNITIES
ENMS ESTLA Stewart
Field Hockey 1 Team 1 Team 1 Team
Football - 8th
Grade
1 Team 1 Team 1 Team
Football - 7th
Grade
All 3 Schools Combine - 1 Team
Boys Soccer 1 Team 1 Team 1 Team
Girls Soccer 1 Team 1 Team 1 Team
Girls Volleyball 1 Team 1 Team 1 Team
Boys Basketball 1 Team 1 Team 1 Team
Girls Basketball 1 Team 1 Team 1 Team
Wrestling All 3 Schools Combine - 1 Team
Baseball 1 Team 1 Team 1 Team
Softball 1 Team 1 Team 1 Team
Girls Lacrosse 1 Team 1 Team 1 Team
Boys/Girls Track All 3 Schools Combine - 1 Team
CURRENT MIDDLE SCHOOL
OPPORTUNITIES
ENMS ESTLA Stewart
Field Hockey 1 Team 1 Team 1 Team
Football - 8th Gr 1 Team 1 Team 1 Team
Football - 7th Gr All 3 Schools Combine - 1 Team
Boys Soccer 1 Team 1 Team 1 Team
Girls Soccer 1 Team 1 Team 1 Team
Girls Volleyball 1 Team 1 Team 1 Team
Boys Basketball 1 Team 1 Team 1 Team
Girls Basketball 1 Team 1 Team 1 Team
Wrestling All 3 Schools Combine - 1 Team
Baseball 1 Team 1 Team 1 Team
Softball 1 Team 1 Team 1 Team
Girls Lacrosse 1 Team 1 Team 1 Team
Boys/Girls Track All 3 Schools Combine - 1 Team
ENMS ESTLA Stewart
Field Hockey 2 Teams
1 Dev Squad
2 Combined Teams
(ESTLA & Stewart 7th/8th
grades will combine for 2
competitive teams )
Each Bldg - 1 Dev Squad
Football - 8th Gr 1 Team 1 Team 1 Team
Football - 7th Gr All 3 Schools Combine - 1 Team
Boys Soccer 2 Teams
1 Dev Squad
2 Combined Teams
Each Bldg - 1 Dev Squad
Girls Soccer 2 Teams
1 Dev Squad
2 Combined Teams
Each Bldg - 1 Dev Squad
Girls Volleyball 2 Teams 2 Combined Teams
Boys Basketball 2 Teams 2 Teams 2 Teams
Girls Basketball 2 Teams 2 Teams 2 Teams
Wrestling All 3 Schools Combine - 1 Team
Baseball 2 Teams
1 Dev Squad
2 Combined Teams
Each Bldg - 1 Dev Squad
Softball 2 Teams
1 Dev Squad
2 Combined Teams
Each Bldg - 1 Dev Squad
Girls Lacrosse 2 Teams
1 Dev Squad
2 Combined Teams
Each Bldg - 1 Dev Squad
Boys/Girls Track All 3 Schools Combine - 1 Team
Tennis –Boys/Girls
(NEW)
All 3 Schools Combine – 1 Dev Squad
PROPOSED MIDDLE
SCHOOL OPPORTUNITIES
• Plan supported by Middle School Athletic Coordinators
• Net cost of middle school program restructuring @ $ 13k
• Propose suspending NAHS Boys Lacrosse Program for 2017-18 with budgeted
dollars reallocated to fund middle school restructuring plan
• Low participation
• Current concerns @ skill level/safety issues
ATHLETIC PROGRAM UPDATE
• Plan supported by Middle School Athletic Coordinators
• Net cost of middle school program restructuring @ $ 13k
• Propose suspending NAHS Boys Lacrosse Program for 2017-18 with budgeted
dollars reallocated to fund middle school restructuring plan
• Low participation
• Current concerns @ skill level/safety issues
ATHLETIC PROGRAM UPDATE
RECOMMENDATION (6/12/17) – REALLOCATE FUNDS FOR NAHS BOYS LACROSSE
PROGRAM TO SUPPORT MIDDLE SCHOOL RESTRUCTURING
AS A RESULT OF THIS ACTION, OUR MIDDLE SCHOOL ATHLETIC PROGRAM CAN
BE ENHANCED IN A COST-NEUTRAL MANNER
LOCATION JANUARY 2017
PROJECTION
MARCH 2017
UPDATE
MAY 1, 2017
UDPATE
MAY 8, 2017
UPDATE
JUNE 12, 2017
UPDATE
C Manor 1 Reg Ed Teacher
Needed
1 Reg Ed Teacher
Needed
No new staff needed No new staff needed
NO CHANGES
ENMS 1 Less Reg Ed
Teacher
Needed
1 Less Reg Ed
Teacher
Needed
1 Less Reg Ed
Teacher
Needed
4 Less Reg Ed
Teachers
Needed (Specifics TBD)
Stewart 1 Reg Ed Teacher
Needed
1 Reg Ed Teacher
Needed
1 Reg Ed Teacher
Needed
1 Reg Ed Teacher
Needed
ESTLA 1 Reg Ed Teacher
Needed
1 Reg Ed Teacher
Needed
1 Reg Ed Teacher
Needed
No new staff needed
NAHS 7.5 Less Teaching
Positions Needed
(New
Roster/Schedule
Under Review)
7.5 Less Teaching
Positions Needed
(New
Roster/Schedule
Under Review)
11 Less Teaching
Positions Needed
(New
Roster/Schedule
Under Review)
11 Less Teaching
Positions Needed
(New Roster/Schedule
Finalized)
2.5 Science – 2.5 Math-
2 English – 2 Soc Stud
1 Spec Ed – 1 FCS
11 Less Teaching
Positions
Needed
Updated position
breakdown:2 Science – 2 Math -
2 English – 3 Soc
Stud – 1 Spec Ed – 1
FCS
NEW -
6/12/17Regular Education Paraprofessionals
- As current FT staff resign/retire, they will be replaced with PT staff
STAFFING RECOMMENDATIONS – REGULAR EDUCATION
STAFFING RECOMMENDATIONS – REGULAR EDUCATION
LOCATION JANUARY 2017
PROJECTION
MARCH 2017
UPDATE
MAY 1, 2017
UDPATE
MAY 8, 2017
UPDATE
JUNE 12, 2017
UPDATE
Paras
(District-wide)
N/A N/A Elimination of 1 PT
position (via
attrition)
Elimination of 1
PT position (via
attrition)
NO CHANGESDistrict-wide
Instructional
Support
Teachers
N/A N/A N/A Reduction of 4
IST positions
(ENMS –
Stewart – 2
Elem positions
TBD)
LOCATION JANUARY 2017
PROJECTION
MARCH 2017
UPDATE
MAY 1, 2017
UDPATE
MAY 8, 2017
UPDATE
JUNE 12, 2017
UPDATE
Teaching Staff N/A N/A N/A N/A
NO CHANGESParas N/A N/A N/A Elimination of 3
FT positions
(via attrition)
STAFFING RECOMMENDATIONS – SPECIAL EDUCATION
STAFFING RECOMMENDATIONS – ESL PROGRAM
LOCATION JANUARY 2017
PROJECTION
MARCH 2017
UPDATE
MAY 1, 2017
UDPATE
MAY 8, 2017
UPDATE
JUNE 12, 2017
UPDATE
District-Wide 3 FT Bilingual Paras
Needed
3 FT Bilingual
Paras Needed
3 FT Bilingual
Paras Needed
3 FT Bilingual
Paras NeededNO CHANGES
LOCATION JANUARY 2017
PROJECTIONMARCH 2017
UPDATE
MAY 1, 2017
UDPATE
MAY 8, 2017
UPDATE
JUNE 12, 2017
UPDATE
Home-School
Team
Recommended Position Expansion :
Truancy Abatement Specialist (EANA Support) transitions to Home & School
Transition Coordinator (EANA Support)
Student-Family Outreach Coordinator (EANA Support) transitions to Home & School
Visitor (EANA Professional)
NO CHANGES
District-Wide
Secretaries
N/A Restructuring of
school-level
secretaries
recommended
(All 11 month)
Restructuring of
school-level
secretaries finalized
(All 11 month)
Elimination of 1 FT
position @ NAHS
(can be done via
attrition)
Elimination of 1 PT
position @ NAHS
Modification of
Operation Secretary
Class 2-12 month to
Class 3 – 11 month
(anticipated vacancy)
Restructuring of
school-level
secretaries finalized
(All 11 month)
Elimination of 1 FT
position @ NAHS
(can be done via
attrition)
Elimination of 1 PT
position @ NAHS
Modification of
Operation Secretary
Class 2-12 month to
Class 3 – 11 month
(anticipated vacancy)
STAFFING RECOMMENDATIONS – OTHER
LOCATION JANUARY 2017
PROJECTIONMARCH
2017
UPDATE
MAY 1, 2017
UDPATE
MAY 8, 2017
UPDATE
JUNE 12, 2017
UPDATE
District-Wide
Attendance
Clerks
N/A N/A Elimination of 5
attendance clerks
(one is vacant)
Elimination of 5
attendance clerks
(one is vacant)
NO CHANGES
Guidance
Counselors
N/A N/A Recommend leaving 1
NAHS position vacant
for 1718 (staff on
leave)
Recommend leaving 1
NAHS position vacant
for 1718
Modify Musselman
position from FT to PT
(can be done via
attrition/transfers)
Recommend leaving 1
NAHS position vacant for
1718
Modify Musselman position
from FT to PT
NEW:
-Transfer Behavior Mgmt
Specialist to vacant Middle
School Guidance
Counselor position as LTS
-Delay hiring replacement
of Specialist
Curriculum
Instruction
Team
N/A N/A N/A Elimination of 1
Supervisor NO CHANGES
Custodial
Staff
N/A N/A N/A Modify 2 FT positions
to 2 PT positions (can
be done via attrition)
- Buildings TBD
NO CHANGES
STAFFING RECOMMENDATIONS – OTHER
LOCATION JANUARY
2017
PROJECTION
MARCH 2017
UPDATE
MAY 1, 2017
UDPATE
MAY 8, 2017
UPDATE
JUNE 12, 2017
UPDATE
Musselman
Bus Helpers
N/A N/A N/A Elimination of 2
positions
NO CHANGES
Elementary
Bldgs –
Lunch Aides
N/A N/A N/A Elimination of 5
positions
District-Wide
Extra Duty
Assignmts
N/A N/A N/A Reevaluate
building needs and
assignments
STAFFING RECOMMENDATIONS – OTHER (Continued)
Wages44%
Benefits28%
Professional Svc3%
Property Svc1%
Other Purch Svc (Tuition,
Transportation, etc)16%
Supplies2%
Equipment2%
Other (Primarily Debt)
4%
2017-18 EXPENSES – BY MAJOR OBJECT
Wages44%
Benefits28%
Professional Svc3%
Property Svc1%
Other Purch Svc (Tuition,
Transportation, etc)16%
Supplies2%
Equipment2%
Other (Primarily Debt)
4%
2017-18 EXPENSES – BY MAJOR OBJECTEANA PROFESSIONAL (TEACHERS ETC.)
& EANA SUPPORT CONTRACTS EXPIRING
NEGOTIATIONS ONGOING
Wages44%
Benefits28%
Professional Svc3%
Property Svc1%
Other Purch Svc (Tuition,
Transportation, etc)16%
Supplies2%
Equipment2%
Other (Primarily Debt)
4%
2017-18 EXPENSES – BY MAJOR OBJECTEANA PROFESSIONAL (TEACHERS ETC.)
& EANA SUPPORT CONTRACTS EXPIRING
NEGOTIATIONS ONGOING
EARLIER TONIGHT, WE LEARNED THAT
@ 28% OF OUR PROJECTED REVENUE
IS STILL UNCERTAIN
THIS CHART ILLUSTRATES THAT
OVER 44% OF OUR PROJECTED EXPENSES
ARE ALSO ONLY ESTIMATED AT THIS POINT
(NEGOTIATIONS WILL IMPACT OUR SPENDING ON WAGES & BENEFITS)
2017-18 EXPENSE UPDATE
2017-18 PROJECTED EXPENSES (May 1, 2017) $ 152,153,300
NEW COST REDUCTION STRATEGIES FOR DISCUSSION:
Net savings from staffing recommendations presented
May 8, 2017
( $1,614,000)
Using additional healthcare reserves in 2017-18 to offset a portion
of our projected premium increases
($ 750,000)
Reduction in Operations Dept budget ( $ 50,000)
Recommend elimination of on-site NAHS summer school program
- Many neighboring districts using cyber/on-line education for
summer credit recovery options
- Best practice
( $ 45,000)
Savings to be achieved via new lease for graphics equipment
Negotiations / equipment evaluation ongoing – will be wrapped up
in June
($ 20,000)
2017-18 PROJECTED EXPENSES (May 8, 2017) $ 149,674,300
Norristown Area School District2017-18 Budget
2017-18 EXPENSE UPDATE
2017-18 PROJECTED EXPENSES (May 8, 2017) $ 149,674,300
EXPENSE UPDATES
Additional costs resulting from delay in consideration of Catapult
Program @ Roosevelt
+ $ 175,000
Recommend transitioning to new OT/PT (Occupational Therapy &
Physical Therapy) vendor 7/1/17
( $ 25,000)
Updated Personnel Savings:
- Administrator (AAS & Cabinet) Benefit Concessions Approved at
May Board meeting
- Recommendation for PT Regular Education Paraprofessionals
- Recommendation related to Behavior Mgmt Specialist/Guidance
Counselor position
( $ 110,000)
2017-18 PROJECTED EXPENSES (June 12, 2017) $ 149,714,300
Norristown Area School District2017-18 Budget
2017-18 EXPENSE UPDATE
2017-18 PROJECTED EXPENSES (Jan 2017) $ 154,432,800
2017-18 PROJECTED EXPENSES (May 1, 2017) $ 152,153,300
2017-18 PROJECTED EXPENSES (May 8, 2017) $ 149,674,300
2017-18 PROJECTED EXPENSES (June 12, 2017) $ 149,714,300
Norristown Area School District2017-18 Budget
2017-18 Tax Rate Implications
Act 1 Index 2.500 %
NASD Adjusted Act 1 Index 3.000 %
NASD Maximum Allowable Tax Increase
(With Act 1 Exceptions for PSERS &
Special Education Expenses)
6.255 %
Tax Increase Needed @ 6/12/17 4.798%
2017-18 OVERVIEW (MAY 8, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 150,731,050
2017-18 Projected
Expenses
$ 149,674,300
Fund Balance @ 6/30/18 $ 926,917
Norristown Area School District2017-18 Budget
COMBINED
SNAPSHOT
2017-18 OVERVIEW (MAY 8, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 182 Avg Taxpayer
$ 150,731,050
2017-18 Projected
Expenses
$ 149,674,300
Fund Balance @ 6/30/18 $ 926,917
Norristown Area School District2017-18 Budget
COMBINED
SNAPSHOT
2017-18 OVERVIEW (MAY 8, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 182 Avg Taxpayer
$ 150,731,050
2017-18 Projected
Expenses
$ 149,674,300
Fund Balance @ 6/30/18 $ 926,917
Norristown Area School District2017-18 Budget
COMBINED
SNAPSHOT
2017-18 OVERVIEW (JUNE 12, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 182 Avg Taxpayer
$ 150,731,050
2017-18 Projected
Expenses
$ 149,714,300
Fund Balance @ 6/30/18 $ 886,917
2017-18 OVERVIEW (MAY 8, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 182 Avg Taxpayer
$ 150,731,050
2017-18 Projected
Expenses
$ 149,674,300
Fund Balance @ 6/30/18 $ 926,917
Norristown Area School District2017-18 Budget
COMBINED
SNAPSHOT
2017-18 OVERVIEW (JUNE 12, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 182 Avg Taxpayer
$ 150,731,050
2017-18 Projected
Expenses
$ 149,714,300
Fund Balance @ 6/30/18 $ 886,917
NO CHANGE
2017-18 OVERVIEW (MAY 8, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 182 Avg Taxpayer
$ 150,731,050
2017-18 Projected
Expenses
$ 149,674,300
Fund Balance @ 6/30/18 $ 926,917
Norristown Area School District2017-18 Budget
COMBINED
SNAPSHOT
2017-18 OVERVIEW (JUNE 12, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 182 Avg Taxpayer
$ 150,731,050
2017-18 Projected
Expenses
$ 149,714,300
Fund Balance @ 6/30/18 $ 886,917
2017-18 OVERVIEW (MAY 8, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 182 Avg Taxpayer
$ 150,731,050
2017-18 Projected
Expenses
$ 149,674,300
Fund Balance @ 6/30/18 $ 926,917
Norristown Area School District2017-18 Budget
COMBINED
SNAPSHOT
2017-18 OVERVIEW (JUNE 12, 2017)
Fund Balance @ 7/1/17 ( $ 129,833)
2017-18 Projected
Revenues
(@ 4.798% Tax Increase)
$ 182 Avg Taxpayer
$ 150,731,050
2017-18 Projected
Expenses
$ 149,714,300
Fund Balance @ 6/30/18 $ 886,917
FUND BALANCE REMAINS LOW
UNANTICIPATED MANDATED EXPENSES
IN 2017-18 COULD RESULT IN DEFICIT
TIMELINE
JUNE 19, 2017 SCHOOL BOARD
MEETING
7:00PM
• WORKSESSION
JUNE 26, 2017 SCHOOL BOARD
MEETING
7:00PM
• 2017-18 “FINAL BUDGET” SCHEDULED FOR ADOPTION
Norristown Area School District2017-18 Budget
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