LEA Name : Council Rock SD Class : 2 AUN Number : 122092353 FINAL GENERAL FUND BUDGET Fiscal Year 2017-2018 County : Bucks Printed 6/9/2017 1:35:58 PM Page 1 General Fund Budget Approval Date of Adoption of the General Fund Budget: Date Required Date Date ba Robert W Reinhart Contact Person (215)944-1040 Telephone Extn : Extension [email protected]Email Address
27
Embed
FINAL GENERAL FUND BUDGET - Council Rock School [email protected] Email Address (10/2010) CERTIFICATION OF ESTIMATED ENDING FUND BALANCE FROM 2017-2018 GENERAL FUND BUDGET
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
LEA Name : Council Rock SD Class : 2 AUN Number : 122092353
No school district shall approve an increase in real property taxes unless it has adopted a budget that includes an estimated,
ending unreserved undesignated fund balance (unassigned) less than or equal to the specified percentage of its total
budgeted expenditures:
Total Budgeted Expenditures Fund Balance % Limit
(less than or equal to)
Less Than or Equal to $11,999,999
Between $12,000,000 and $12,999,999
Between $13,000,000 and $13,999,999
Between $14,000,000 and $14,999,999
Between $15,000,000 and $15 ,999,999
Between $16,000,000 and $16,999,999
Between $17,000,000 and $17,999,999
Between $18,000,000 and $18,999,999
Greater Than or Equal to $19,000,000
12.0%
11.5%
11.0%
10.5%
10.0%
9.5%
9.0%
8.5%
8.0%
Did you raise property taxes in SY 2017-2018 (compared to 2016-2017 )? Yes
No
If yes, see information below, taken from the 2017-2018 General Fund Budget.
Total Budgeted Expenditures
Ending Unassigned Fund Balance
$233333635
$13910281
Ending Unassigned Fund Balance as a percentage
(%) of Total Budgeted Expenditures 6 .0%
The Estimated Ending Unassigned Fund Balance is within the allowable limits. Yes
No
Ihereby certify that the above Information Is accurate and complete.
DATE
c/j5ho17 '-- '--..¥-,,..._-- -'- --'-
DUE DATE: AU
Printed 6/9/2017 1:35:58 PM Page 2
CERTIFICATtON OF use OF PDE-2028
FOR PUBLIC INSPECTION OF 2017-2018 PROPOSED BUDGET .4 PS 8-48'1(0)(1)
behooJ OC.Mc:I }bm• :
C..undl Rock so
AUN ....mbor'
!ZlCIH.3
Seelion 687(a)( I} or the School Codo rnqufras the p<esident o:ll the board o( achool dlmctorn of each 11chooldlsltiot to cMlfy to tno Doper1rneol or Educalloo lhet tho proposed buclgotwas praparod. pres.anted ul\ll will bo made evnllablo for p.bllc lnsp001itln using tho unllorm fono propared nndlumlshed by the Oepaltment or Edue::atlon.
I h•rllby certify th•t the above lnfonnatlon la •.:curate •nd c:omplete.
DUE DATI!: llllMEDl4Ta.'I FOLLOWINO ADOl"TION Of' PROPOSED FIMAL Ol!>l!Ml. FUND l!IUDGl!T
Pflnd 41121201111'.44:11 AM
Page 3
allltlATURE Of. HBOARD
PRl!llOEM!'
2017-2018 Final General Fund Budget Validations
LEA : 122092353 Council Rock SD
Printed 6/9/2017 1:35:59 PM Page - 1 of 1
Page 4
Val Number Description
1010 Budget Approval Date is required before submission on Contact Screen and
cannot be a future date.
8080 Ending Fund Balance Entry and Budgetary Reserve: If 0850 Estimated Ending Unassigned Fund Balance is not equal to 0, a justification must be entered below.
8150 Ending Fund Balance Entry and Budgetary Reserve: If 0830 Committed Fund Balance is not equal to 0, a justification must be entered below.
Justification
The District maintains this fund balance to react to any uncertainties and provide for operating contingencies
The District is involve in self funding of risks in healthcare and workmen's compensation and need to maintain this committed fund balance to finance the associated risks.
Page 5
2017-2018 Final General Fund Budget Estimated Revenues and Other Financing Sources: Budget Summary
LEA :122092353 Council Rock SD
Printed 6/9/2017 1:36:00 PM Page - 1of 1
AMOUNTS
Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year
0810 Nonspendable Fund Balance
0820 Restricted Fund Balance
0830 Committed Fund Balance
0840 Assigned Fund Balance
0850 Unassigned Fund Balance
Total Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year
10,000,000
12,000,000
$22,000,000
Estimated Revenues And Other Financing Sources
6000 Revenue from Local Sources
176,308,856
7000 Revenue from State Sources 51,371,060 8000 Revenue from Federal Sources
9000 Other Financing Sources 1,453,000
Total Estimated Revenues And Other Financing Sources $229.132.916
Total Estimated Fund Balance, Revenues, and Other Financing Sources Available for Approp_rlation $251,1 32. 916
Page 6
2017-2018 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail
LEA : 122092353 Council Rock SD
Printed 6/9/2017 1:36:00 PM Page - 1 of 2
REVENUE FROM LOCAL SOURCES
6111 Current Real Estate Taxes 144,455,287 6112 Interim Real Estate Taxes 1,200,000
6113 Public Utility Realty Taxes 189,000 6114 Payments in Lieu of Current Taxes - State I Local 1,960 6140 Current Act 511 Taxes - Flat Rate Assessments 140,000 6150 Current Act 511 Taxes - Proportional Assessments 24,000,000 6400 Delinquencies on Taxes Levied I Assessed by the LEA 2,550,000 6500 Earnings on Investments 1,000,000 6700 Revenues from LEA Activities 80,000 6800 Revenues from Intermediary Sources I Pass-Through Funds 1,750,000 6910 Rentals 450,000
6940 Tuition from Patrons 127,800 6980 Revenue from Community Services Activities 160,000 6990 Refunds and Other Miscellaneous Revenue 204,809
REVENUE FROM LOCAL SOURCES
REVENUE FROM STATE SOURCES
$176,308,856
7110 Basic Education Funding 14,300,000 7160 Tuition for Orphans Subsidy 30,000 7271 Special Education funds for School-Aged Pupils 6,475,000 7311 Pupil Transportation Subsidy 1,500,000 7312 Nonpublic and Charter School Pupil Transportation Subsidy 300,000 7320 Rental and Sinking Fund Payments I Building Reimbursement Subsidy 900,000 7330 Health Services (Medical, Dental, Nurse, Act 25) 230,000 7340 State Property Tax Reduction Allocation 5,584,993 7501 PA Accountability Grants 416,762
7810 State Share of Social Security and Medicare Taxes 3,974,644
7820 State Share of Retirement Contributions 17,659,661
REVENUE FROM STATE SOURCES $51,371,060
REVENUE FROM FEDERAL SOURCES 8514 NCLB, Title I - Improving the Academic Achievement of the Disadvantaged 8515 NCLB, Title II - Preparing, Training and Recruiting High Quality
280,000
216,000 Teachers and Principals 8516 NCLB, Title Ill - Language Instruction for Limited English Proficient and
57,000 Immigrant Students
Page 7
Estimated Revenues and Other Financing Sources: Detail 2017-2018 Final General Fund Budget
LEA :122092353 Council Rock SD
Page - 2 of 2 Printed 6/9/2017 1:36:00 PM
REVENUE FROM FEDERAL SOURCES
8810 School-Based Access Medicaid Reimbursement Program (SBAP) Reimbursements (Access)
REVENUE FROM FEDERAL SOURCES
TOTAi= ESTIMATED REVENUES AND OTHER SOURCES
900,000
S1,4S3 ,000
229,132,916
Page 8
2017-2018 Final General Fund Budget Real Estate Tax Rate (RETR) Report
Multi-County Rebalancing Based on Methodology of Section 672.1 of School Code
Page - 1 of 3
AUN: 122092353 Council Rock SD
Printed 6/9/2017 1:36:01 PM
Act 1 Index (current): 2.5%
Calculation Method: Rate
$144,455,287 Approx. Tax Revenue from RE Taxes:
Amount of Tax Relief for Homestead Exclusions $5.639.802
Total Approx. Tax Revenue: $150,095,089 Approx. Tax Levy for Tax Rate Calculation: $154,166,198
Bucks Total
I.
(a * b)
Calculations
II.
(fTotal * g)
i. Base Mills Subject to Index
(h I a * 1000) if no reassessment
(h I (d-e) * 1000) if reassessment
Calculation of Tax Rates and Levies Generated
117.7700
j. Weighted Avg. Collection Percentage 97.25900% 97.25900% k. Tax Levy Needed $154,166,198 $154,166,198
Ill.
(Approx. Tax Levy * g)
I. 2017-18 Real Estate Tax Rate
(k I d * 1000)
m. Tax Levy Generated by Mills
(I / 1000 * d)
120.7100
$154,166,198
$154,166,198
n. Tax Levy minus Tax Relief for Homestead Exclusions $148,526,396
(m - Amount of Tax Relief for Homestead Exclusions)
o. Net Tax Revenue Generated By Mills
$144,455,287
(n * Est. Pct. Collection)
2016-17 Data
a. Assessed Value $1,266, 157,427 $1,266, 157,427 b. Real Estate Mills 117.7700
2017-18 Data
c. 2015 STEB Market Value $10,689,964,645 $10,689,964,645
d. Assessed Value $1,277,161,780 $1,277,161,780
e. Assessed Value of New Constr/ Renov
2016-17 Calculations $0 $0
f. 2016-17 Tax Levy $149,115,360 $149,115,360
g. Percent of Total Market Value 100.00000% 100.00000% h. Rebalanced 2016-17 Tax Levy $149, 115,360 $149,115,360
Page 9
Real Estate Tax Rate (RETR) Report 2017-2018 Final General Fund Budget
Multi-County Rebalancing Based on Methodology of Section 672.1 of School Code
Page - 2 of 3
AUN: 122092353 Council Rock SD
Printed 6/9/2017 1:36:01 PM
Act 1 Index (current): 2.5%
Calculation Method: Rate
$144,455,287 Approx. Tax Revenue from RE Taxes:
Amount of Tax Relief for Homestead Exclusions $5,639.802
Total Approx. Tax Revenue: $150,095,089 Approx. Tax Levy for Tax Rate Calculation: $154,166,198 Bucks Total
IV.
Index Maximums
p. Maximum Mills Based On Index
(i • (1 + Index))
q. Mills In Excess of Index
(if (I> p), (I - p))
r. Maximum Tax Levy Based On Index
(p / 1000 * d}
s. Millage Rate within Index?
(If I> p Then No)
t. Tax Levy In Excess of Index
(if (m > r), (m - r))
u. Tax Revenue In Excess of Index
(t • Est. Pct. Collection)
120.7142
0.0000
$154,171,563
Yes
$0
$0
$154,171,563
$0
$0
V.
Information Related to Property Tax Relief Assessed Value Exclusion per Homestead $2,328 Number of Homestead/Farmstead Properties 20063 20063 Median Assessed Value of Homestead Properties $38,520
Real Estate Tax Rate (RETR) Report 2017-2018 Final General Fund Budget
Multi-County Rebalancing Based on Methodology of Section 672.1 of School Code
Page - 3 of 3
AUN: 122092353 Council Rock SD
Printed 6/9/2017 1:36:01 PM
Act 1 Index (current): 2.5%
Calculation Method: Rate
$144,455,287 Approx. Tax Revenue from RE Taxes:
Page 10
Amount of Tax Relief for Homestead Exclusions
Total Approx. Tax Revenue:
Approx. Tax Levy for Tax Rate Calculation:
$5.639.802
$150,095,089
$154,166,198
Bucks
Total
State Property Tax Reduction Allocation used for: Homestead Exclusions $5,584,993 Lowering RE Tax Rate $0 $5,584,993
Prior Year State Property Tax Reduction Allocation used for: Homestead Exclusions $54,809 $54,809
Amount of Tax Relief from Stateflocal Sources $5,639,802
2017-2018 Final General Fund Budget Local Education Agency Tax Data
REAL ESTATE, PER CAPITA (SEC. 679), EITIPIT (ACT 1), LOCAL ENABLING (ACT 511) LEA :122092353 Council Rock SD
Page 11
Printed 619/2017 1:36:02 PM Page ·1of 1
6111 Current Real Estate Taxes
Countv Name Taxable Assessed Value Real Estate Mills Tax Lew Generated by Mills
Totals: 1,277,11.780 154,166,198 5,639,802 148,-520,396 x 972°5900% 144 ,455,287
6120
Current Per Capita Taxes. Section 679
Rate
$0.00
Estimated Revenue
0 6140 Current Act 511 Taxes - Flat Rate Assessments Rate Md'! Rate (if appl.) Tax Levy Estimated Revenue 6141 Current Act 511 Per Capita Taxes $0.00 $0.00 0 0 6142 Current Act 511 Occupation Taxes - Flat Rate $0.00 $0.00 0 0 6143 Current Act 511 Local Services Taxes $5.00 $0.00 140,000 140,000 6144 Current Act 511 Trailer Taxes $0.00 $0.00 0 0 6145 Current Act 511 Business Privilege Taxes - Flat Rate $0.00 $0.00 0 0 6146 Current Act 511 Mechanical Device Taxes - Flat Rate $0.00 $0.00 0 0 6149 Current Act 511 Taxes, Other Flat Rate Assessments $0.00 $0.00 0 0
Total Current Act 511 Taxes - Flat Rate Assessments 140 000 140,000 6150 Current Act 511 Taxes - Proportional Assessments Rate Add'I Rate (if appl.) Tax Levy Estimated Revenue 6151 Current Act 511 Earned Income Taxes 0.500% 0.000% 16,500,000 16,500,000 6152 Current Act 511 Occupation Taxes 400.0000 0.000 4,300,000 4,300,000 6153 Current Act 511 Real Estate Transfer Taxes 0.500% 0.000% 3,200,000 3,200,000 6154 Current Act 511 Amusement Taxes 0.000% 0.000% 0 0 6155 Current Act 511 Business Privilege Taxes 0.0000 0.0000 0 0 6156 Current Act 511 Mechanical Device Taxes - Percentage 0.000% 0.000% 0 0 6157 Current Act 511 Mercantile Taxes 0.0000 0.0000 0 0 6159 Current Act 511 Taxes, Other Proportional Assessments 0.0000 0.0000 0 0
Total Current Act _511 Taxes - Proportional Assessments 24,000,000 24,00U,000
Total Act 511, Current Taxes 24,140,000
Act 511Tax Limit -> 10,689,964,645 x 12 128,279,576
Market Value Miils (511 Limit)
Page 12
Comparison of Tax Rate Changes to Index 2017-2018 Final General Fund Budget
LEA : 122092353 Council Rock SD
Page - 1 of 1 Printed 6/9/2017 1:36:02 PM
Tax Functio
n
Description
Tax Rate Charged in:
2016-17 2017-18 (Rebalanced)
Percent
Change in Rate
Less than or equal to
Index
Index
Additional Tax Rate Charged in:
2016-17 2017-18
(Rebalanced)
Percent
Change in Rate
Less than or equal to
Index
6111 Current Real Estate
Taxes Bucks
6120 Current Per Capita Taxes, Section 679
Current Act 51j Taxes - Flat Rate Assessments
117.7700 120.7100 2.50% Yes
$5.00 $5.00 0.00% Yes
0.500% 0.500% 0.00% Yes
400.0000 400.0000 0.00% Yes
0.500% 0.500% 0.00% Yes
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
6141 Current Act 511 Per Capita Taxes
6142 Current Act 511 Occupation Taxes - Flat Rate
6143 Current Act 511 Local Services Taxes
6144 Current Act 511 Trailer Taxes
- 6145 Current Act 511 Business Privilege Taxes - Flat
Rate
6146 Current Act 511 Mechanical Device Taxes - Flat
Rate
6149 Current Act 511 Taxes, Other Flat Rate
Assessments
Current A1;! (111 Taxe:;; - Progortional Asses:;;ments
6151 Current Act 511 Earned Income Taxes
6152 Current Act 511 Occupation Taxes
6153 Current Act 511 Real Estate Transfer Taxes
6154 Current Act 511 Amusement Taxes
6155 Current Act 511 Business Privilege Taxes
6156 Current Act 511 Mechanical Device Taxes -
Percentage
6157 Current Act 511 Mercantile Taxes
6159 Current Act 511 Taxes, Other Proportional
Assessments
Page 13
Estimated Expenditures and Other Financing Uses: Budget Summary 2017-2018 Final General Fund Budget
LEA :122092353 Council Rock SD
Page - 1of 1 Printed 6/9/2017 1:36:03 PM
Description
1000 Instruction
1100 Regular Programs - Elementary I Secondary 97,074,847 1200 Special Programs - Elementary I Secondary 48,585,935 1300 Vocational Education 1,823,857 1400 Other Instructional Programs - Elementary I Secondary 1,867,957 1500 Nonpublic School Prograrns 13,000
Total Instruction $149,365,596 2000 Support Services 2100 Support Services - Students 7,814,208
2200 Support Services - Instructional Staff 7,152,615
2300 Support Services - Administration 10,512,624
2400 Support Services - Pupil Health 2,584,679
2500 Support Services - Business 1,551,459
2600 Operation and Maintenance of Plant Services 14,818,903
2700 Student Transportation Services 12,370,180
2800 Support Services - Central 5,306,185 2900 Other Support Services 97,314 Total Support Services S62 208,167 3000 Operation of Non-Instructional Services
3200 Student Activities 3,581,395
3300 Community Services 212.076 Total Operation of Non-Instructional Service5 $3,793,471
5000 Other Expenditures and Financing Uses 5100 Debt Service I other Expenditures and Financing Uses 17,966,40 1 Total Other Expenditures and Financing Uss $17,966,401
Total E.stlmated Expenditures and Otlrer Financing Uses S233;333,635
Estimated Expenditures and Other Financing Uses: Detail 2017-2018 Final General Fund Budget
LEA :122092353 Council Rock SD
Printed 6/9/2017 1:36:03 PM Page - 1 of 4
Description
1000 Instruction
1100 Regular Programs - Elementary I Secondary
100 Personnel Seivices - Salaries 58,039,211 200 Personnel Seivices - Employee Benefits 35,504,734 300 Purchased Professional and Technical Seivices 864,167 400 Purchased Property Seivices 448,656 500 Other Purchased Seivices 376,600 600 Supplies 1,429,226 700 Property 403,223 800 Other Objects 9,030
Total Regular Pro_grams - Elemen.ry I Secondary S97,074M7 1200 Special Programs - Elementary I Secondary
100 Personnel Seivices - Salaries 25,119,850 200 Personnel Seivices - Employee Benefits 18,002,214 300 Purchased Professional and Technical Seivices 2,938,738 400 Purchased Property Seivices 15,000 500 Other Purchased Seivices 2,216,500 600 Supplies 227,389 700 Property 45,079 800 Other Objects 21,165
Total Sp_i!_c)al Programs - Elementary I Secondary $48,585,935 1300 Vocational Education
500 Other Purchased Seivices 1,823,857 Total Vocational Education $1,823,857 1400 other I nstructional Programs - Elementary I Secondary
Total Student Tr:ansportation Services $12,370,180 2800 Support Services - Central
100 Personnel Services - Salaries 1,501,129 200 Personnel Services - Employee Benefits 947,927 300 Purchased Professional and Technical Services 409,154 400 Purchased Property Services 131,218 500 Other Purchased Services 145,557 600 Supplies 806,350 700 Property 1,355,150 800 Other Objects 9,700
Total Support Services - Central $5,306,185 2900 Other Support Services
500 Other Purchased Services 88,314 800 Other Objects 9,000
Total Otlier Support Services $97,314
Total Support Servi s $62,208,167 3000 Operation of Non-Instructional Services 3200 Student Activities
100 Personnel Services - Salaries 1,966,361 200 Personnel Services - Employee Benefits 834,834 300 Purchased Professional and Technical Services 117,995 400 Purchased Property Services 68,105 500 Other Purchased Services 200,021 600 Supplies 249,505 700 Property 60,340 800 Other Objects 84,234
Total Student Activities Page 16 $3 581,395
Estimated Expenditures and Other Financing Uses: Detail 2017-2018 Final General Fund Budget
LEA :122092353 Council Rock SD
Page - 4 of 4 Printed 6/9/2017 1:36:03 PM
Page 17
Description
3300 Community Services
100 Personnel Services - Salaries 80,000 200 Personnel Services - Employee Benefits 32,776 300 Purchased Professional and Technical Services 2,000 400 Purchased Property Services 14,000 500 Other Purchased Services 57,000 600 Supplies 13,900 700 Property 6,100 800 Other Objects 6,300
Total CommunitY Services $212,076
Total Operation of Non-Instructional Services $3,793,471 5000 Other Expenditures and Financing Uses 5100 Debt Service I Other Expenditures and Financing Uses
800 Other Objects 5,911,401 900 Other Uses of Funds 12,055,000
Total' D.ebt Service I Other Expenditures and Financing Uses $17,966,401
Total Other Expenditures amd Financing Uses $17 906,401
TOTAL EXPENDITURES $233,333,635,
Page 18
Schedule Of Cash And Investments (CAIN) 2017-2018 Final General Fund Budget
LEA :122092353 Council Rock SD
Printed 6/9/2017 1:36:04 PM Page - 1of 2
Cash and Short-Tenn I nvestments
General Fund
Public Purpose (Expendable) Trust Fund
06/30/2017 Estimate
33,600,000
06/30/2018 Projection
30,600,000
Other Comptroller-Approved Special Revenue Funds
Athletic I School-Sponsored Extra Curricular Activities Fund
Capital Reserve Fund - § 690, §1850 3,000,000 3,000,000
Capital Reserve Fund - § 1431
Other Capital Projects Fund
50,000,000
10,000,000
Debt Service Fund
Food Service I Cafeteria Operations Fund
375,000
375,000 Child Care Operations Fund Other Enterprise Funds
Internal Service Fund
3,000,000
3,000,000 Private Purpose Trust Fund 27,500 27,500 Investment Trust Fund Pension Trust Fund
Activity Fund
893,069
700,000 Other Agency Fund Permanent Fund
Total Cash and Short-Term Investments
$90,895,569
$47,702,500
Long-Tenn I nvestments 06/30/2017 Estimate 06/30/2018 Projection General Fund
Public Purpose (Expendable) Trust Fund
Other Comptroller-Approved Special Revenue Funds
Athletic I School-Sponsored Extra Curricular Activities Fund
Capital Reserve Fund - § 690, §1850
Capital Reserve Fund - § 1431
Other Capital Projects Fund
Debt Service Fund
Food Service I Cafeteria Operations Fund
Child Care Operations Fund
Other Enterprise Funds
Internal Service Fund
Private Purpose Trust Fund
Investment Trust Fund
Pension Trust Fund
Activity Fund
Other Agency Fund
Page 19
Schedule Of Cash And Investments (CAIN) 2017-2018 Final General Fund Budget
LEA :122092353 Council Rock SD
Page - 2 of 2 Printed 6/9/2017 1:36:04 PM
Long-Term I nvestments
Permanent Fund
Tot.al Long-Term Investments
06/30/2017 Estimate 06(30/2018 Projection
TOTAL CASH AND INVESTMENTS $90,895,569 S47,702,SOO
Schedule Of Indebtedness (DEBT) 2017-2018 Final General Fund Budget
LEA :122092353 Council Rock SD
Printed 6/9/2017 1:36:04 PM Page - 1 of 6
Long-Term I ndebtedness
General Fund 06/30/2017 Estimate 06/30/2018 Projection