2010-2011 Proposed General Fund Budget Middle Bucks Institute of Technology Executive Council February 8, 2010.

2010-20112010-2011Proposed General Fund Proposed General Fund

Budget Budget Middle Bucks Institute of Technology

Executive Council February 8, 2010

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Proposed Budget ChangeProposed Budget Change

Act 1 of 2006 Index = 2.89%

General Fund + Lease Rental = 2.96% increase

$9,603,860 vs. $9,327,876

Increase $275,984

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010General Fund Member General Fund Member ContributionContribution

Member District Contribution = SD budget increase 3.31%

$6,998,390 vs. $6,774,456

$223,934 Increase

Allocated using 3 year averaging of ADM

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Lease RentalLease Rental

Member District Contribution – Lease Rental

$1,467,050 vs. $1,469,100

Decrease $2,050

Allocated based on STEB Market Value

2010/2011 vs. 2009/2010 Member 2010/2011 vs. 2009/2010 Member ContributionContribution

Combined General Fund and Lease Rental

Member District Contribution Net Increase $221,884 or 2.69%

$8,465,440 vs. $8,243,556

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010General Fund ExpendituresGeneral Fund Expenditures

Expenditure Budget Increase = 3.54%

$8,136,810 vs. $7,858,776

Increase $278,034

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationSalaries & WagesSalaries & Wages

Salaries & Wages – Teachers Teachers’ matrix is best guess – 3 out of 4 SD

expire For 2009/2010 used 2008/2009 matrix rates Increase for 2010/2011 $170,972 Add new instructor – Dental Assisting Eliminate CET Instructor – 2008/2009 curtailment

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationSalaries & WagesSalaries & Wages

Salaries & Wages Non-Bargaining Unit Instructional Assts $1 hourly adjustment Elimination of Math / Reading Coaches Elimination of Resource Specialist All other wages budgeted 4% increase Overall net decrease $13,173

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationBenefitsBenefits

Medical & Prescription - Decrease $100,113 Plan Design Changed 2008/2009 to 2009/2010 2009/2010 Budget Based on 2008/2009 Plan Info First Look for 2010/2011 is 9.2% Increase

PSERS used certified rate 8.22% Increase 72% or $164,216 over 2009/2010

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationProfessional & Technical ServicesProfessional & Technical Services

Penn State Program – Tuition & Enrollment Increase $18,640

Addition of Math & Reading Coaches as Consultants

Increase $41,040

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationPurchased Property ServicesPurchased Property Services

Program Equipment Maintenance Net Increase $28,182

Facility Maintenance Net Increase $31,425 Cleaning Service Increase $28,500

2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationSuppliesSupplies

Program Supplies◦Net Reduction $96,963

Utilities◦Net Reduction $24,500

ConclusionConclusion

Member School District Contribution is 2.69% - Act 1 of 2006 Index 2.89%.

A lot of effort on part of all stakeholders – professional staff, administration, PAC & Finance Committees to reduce increase.

Fiscally responsible without jeopardizing program integrity.

Questions?Thank you!