Greater Johnstown
School District 2013-14
General Fund Budget
Proposed Preliminary
Budget
3/23/2016
Revenues
3/23/2016
Local Revenues
3/23/2016
Local Revenues
The taxable totals for 2013 again decreased from $195,167,520 in
2012 to $193,632,130 for 2013 resulting in lower taxes monies
received. The taxable parcels increased from 14,798 to 14,802 during
the same period.
3/23/2016
Real Estate History
GREATER JOHNSTOWN SCHOOL DISTRICT
GENERAL FUND BUDGET
FOR THE YEARS ENDED JUNE 30
Function Description
2010
2011
2012
2013
2014
Local Revenue
Stonycreek Township - School Real Estate Taxes
$
6112
$
840,000
$
840,000
$
840,000
$850,000
Geistown Borough - School Real Estate Taxes
132,574
133,000
115,000
115,000
$113,000
Lower Yoder Township - School Real Estate Taxes
984,559
984,000
994,000
994,000
$1,010,000
West Taylor Township - School Real Estate Taxes
188,721
187,500
187,500
187,500
$195,000
4,323,610
4,315,000
4,345,000
4,245,000
$4,200,000
6,459,500
$ 6,481,500
6,381,500
$6,368,000
City of Johnstown - School Real Estat Taxes
6111
842,107
Real Estate Taxes
$
6,471,571
$
$
Stonycreek Township - Interim
$200
Geistown Borough - Interim
$200
Lower Yoder Township - Interim
$200
West Taylor Township - Interim
$200
City of Johnstown - Interim
$400
Interim Taxes
3/23/2016
$1,200
Other Tax History
Function Description
2010
2011
2012
2013
2014
213,000
220,000
213,000
222,500
$222,500
6114
Payments in Lieu of Current Taxes
6120
Per Capita Tax
31,000
32,000
33,000
36,000
$36,000
6141
Act 511 Per Capita Tax
31,000
32,000
33,000
36,000
$36,000
6142
Act 511 Occupational Privilege Tax
15,000
17,500
20,000
22,000
$30,000
6143
Act 511 Occupational Privilege Tax/EMS/LST
40,000
50,000
60,000
60,000
$50,000
6145
Act 511 Business Privilege
400,000
425,000
425,000
400,000
$375,000
6151
Act 511 Earned Income Tax
825,000
1,025,000
1,025,000
1,110,900
$1,200,000
6153
Act 511 Real Estate Transfer Tax
125,000
85,000
90,000
90,000
$80,000
6157
Act 511 Merchantile
225,000
125,000
125,000
200,000
$225,000
6411
Delinquent Real Estate Taxes
950,000
950,000
300,000
850,000
$800,000
6420
Delinquent 679 Per Capita Tax
1,200
1,200
1,000
3,000
$3,000
6441
Delinquent Act 511 Per Capita Tax
2,500
2,500
2,500
2,700
$2,000
6442
Delinquent Act 511 Occupational Tax
2,000
1,500
2,000
2,200
$2,500
6451
Delinquent Act 511 Earned Income Tax
250,000
100,000
175,000
145,000
$125,000
3/23/2016
Other Local Revenue
6510
Interest on Investments
6710
Gate Receipts
250,000
150,000
75,000
25,000
$34,200
35,000
30,000
32,000
40,000
$42,000
6792
Advertisements
6810
Drug and Alcohol Mini Grant
500
500
5,000
6821
Title II D
6831
Revenue from IU#8 - IDEA
613,544
676,574
673,530
6833
Revenue/IDEA - ARRA
746,536
428,918
$1,500
-
-
-
690,970
$671,100
154,801
-
Revenue/IDEA - Special Education K-5
-
-
9,600
-
$5,177
11,084
-
$8,276
Revenue/IDEA - Special Education K-5
-
-
6832
Least Restrictive Enviroment
-
-
6910
Rental of Facility
5,000
1,500
2,000
2,000
$1,000
6942
Tuition, Summer School
17,000
15,000
10,000
15,000
$10,000
6949
Tuition, Other School Districts
86,000
90,000
90,000
50,000
$60,000
6960
School Based Behovioral Health
6990
Miscellaneous Revenue
6991
Teen Parenting, Local Revenue
-
6921
Fresh Fruits and Vegetables
-
6920
Highmark Healthy High Five Grant/West Side/High School
6920
Community Foundation Grant
6920
Biodiversity Grant
-
6920
Earth Friendly Grant
-
6923
Highmark Healthy High Five Grant/High School
10,000
6992
WCRO gross receipts
35,000
22,000
$ 11,422,849
$ 10,985,948
Total Local
3/23/2016
18,000
9,998
-
-
-
-
-
18,000
18,000
36,000
$15,000
8,856
8,856
8,856
$0
-
-
-
-
-
-
-
1,800
-
-
5,000
4,400
-
9,167
14,000
$ 10,119,838
14,000
$14,000
$ 10,458,626
$10,431,453
Highlights of Local Revenue
• Local Revenues are decreasing by $27,173 budget
2012-2013 vs. budget 2013-2014
• Several main areas to consider:
• Real Estate Tax appeal assessments continue and
an overall reduction in assessed value
• EIT may help us out even more as it is showing
strength
3/23/2016
State Revenues
Governor Corbett proposed the State’s budget on Tuesday,
February 5, 2013.
• Professional groups are reviewing the proposal and trying
to evaluate the impact of the proposal
• More information will be learned about the budget over
the next several weeks and months to come
• The proposal is complicated in the way that it draws on
several different ideas to help fund the proposed additional
dollars to fund these programs
• We will remain conservative in our approach and how we
shows these monies.
3/23/2016
3/23/2016
State Revenues
These things we do know about the PROPOSED
budget from Governor Corbett:
1.There is increased funding for Basic Education
Subsidy ($241,051)
2.There is increased funding for Transportation
($36,098)
3.There is increased funding for PSERS increaseCommitment of state is in proposal
4.There is reduced funding for Special Education ($11,952)
5.There is flat funding for ABG ($263,303 not
budgeted 2012-13)
6. If PSERS proposal is passed, contribution rate would
decrease from 16.93% to 14.68%, saving the district
$166,654
3/23/2016
Market Value/Aid Ratio
AUN
School District
2013-14
Adjusted
Index
108110603
Blacklick Valley SD
Cambria
0.7562
2.6%
108111203
Cambria Heights SD
Cambria
0.7255
2.5%
108111303
Central Cambria SD
Cambria
0.5959
2.3%
108111403
Conemaugh Valley SD
Cambria
0.7477
2.5%
108112003
Ferndale Area SD
Cambria
0.8235
2.7%
108112203
Forest Hills SD
Cambria
0.7120
2.5%
108112502
Greater Johnstown SD
Cambria
0.7695
2.6%
108114503
Northern Cambria SD
Cambria
0.7709
2.6%
108116003
Penn Cambria SD
Cambria
0.6642
2.4%
108116303
Portage Area SD
Cambria
0.7512
2.6%
108116503
Richland SD
Cambria
0.3903
1.7%
108118503
Westmont Hilltop SD
Cambria
0.5285
2.2%
2011-12 calculation was .7539
3/23/2016
County
2012-13
MV/PI
Aid Ratio
State Revenues
7110
7142
7160
7170
7210
7220
7230
7270
7291
7292
7310
7320
7330
7340
7341
7599
7500
7501
7502
7520
7599
7599
7810
7820
7910
State Revenue
Basic Education Funding (Gross)
Non Public Transfers
Tuition for Orphans and Children in Priv. Homes
School Improvement Grants
Homebound Instruction
Vocational Education
Alternative Education
Specialized Education of Exceptional Pupils
Educ Assist Prog. (EAP) Current Year
PreK Counts Prior Year Carryforward
PreK Counts Current Year Grant
Transportation (Regular and Additional)
Rental and Sinking Fund Payments / Building
Reimb Subsidy
Health Services
State Subsidy, Nurse
State Property Tax Reduction
Active School Grant
Extra Grants
State Accountability Grant
Dual Enrollment
Classrooms for the Future
College Career and Career Counseling
Other
State Share of Social Security and Medicare Taxes
State Share of Retirement Contributions
Educational Technology
3/23/2016
2010
$ 15,603,364
50,000
10,000
165,000
32,000
2,205,218
248,940
17,770
93,600
1,191,729
2011
$ 15,360,609
50,000
200,000
2,238,296
214,007
15,600
93,600
1,115,404
1,020,747
68,597
1,300,000
5,000
77,644
714,670
7,989
811,896
509,790
$ 24,133,954
721,696
65,000
1,300,000
5,000
62,944
683,155
7,996
804,903
773,180
$ 23,711,390
$
$
2012
16,467,503
65,000
225,000
2,220,524
7,800
94,200
1,116,467
2013
$ 18,554,205
300,000
2,220,524
7,800
86,340
-
2014
$16,705,731
$0
$25,000
$0
$0
$350,000
$0
$2,208,572
$0
$0
$0
$1,188,606
717,924
65,000
1,364,803
34,871
263,303
641,026
921,432
24,204,853
345,389
60,000
1,364,739
65,771
1,330,955
$ 24,335,723
$345,175
$0
$60,000
$1,364,739
$0
$0
$263,303
$0
$0
$0
$43,000
$644,545
$2,009,294
$0
25,207,966
$
PSERS
The Governor’s proposed budget is
funding the PSERS commitment by 100%
• This is being done by honoring the
legal requirement and also “tailoring”
the collars further to a max 2.5%
increase per year
• The vast majority of the funding
increase will go directly towards the
employers share of the PSERS mandate
(12-13 budget 92% of increase)
3/23/2016
Highlights of State Revenue
• State Revenues are increasing by $872,243 budget
2012-2013 vs. budget 2013-2014
• Several main areas to consider:
• Main growth is through increase in Retirement Subsidy
(remember the total expenditure side grows as rate goes
from 12.36% to 16.93% for 13-14)
• There are some adjustments as we enter different figures
into calculations which drive less subsidy
• Hold off on any other changes until the Commonwealth
budget process takes shape and more in known
3/23/2016
Federal Revenues
We continue to participate in Title I, Title II and
other grants
Continued discussion on Federal participation in
Education remains something “less than stable”
at this point
“Sequestration” and “fiscal cliff” realities will be
driving any federal monies for 13-14 which could
result in a reduction if this happens
Conservative estimate of 10% reduction
3/23/2016
Federal Revenues
8110
8300
8514
8514
8514
8514
8514
8514
8514
8514
8515
8515
8515
8515
8517
8517
8518
8518
8521
Federal Revenues
2010
0 Payments for Federally Impacted Areas - P.L. 81-874
$
12,000
0 Payments for Federally Impacted Areas - P.L. 81-815 (E-Rate)
128,865
NCLB, Title I - Improving the Acad. Achvmnt of the
0 Disadvataged
2,209,763
NCLB, Title I - Improving the Acad. Achvmnt of the
1 Disadvataged
481,160
2 NCLB, Title I,Comprehensive School Reform
NCLB, Title I Parent Revenue, Consortium
400
3 NCLB, Title I Consortium Revenue
4,705
1 NCLB Title I - School Improvement - Current Year
65,000
2 NCLB Title I - School Improvement - Prior Year
47,627
NCLB Title I - Academic Achievement Award
1,800
School Improvement Grant
NCLB, Title II - Prep., Train & Recuit of High Qualified
0 Teachers and Principals
431,081
NCLB, Title II - Prep., Train & Recuit of High Qualified
1 Teachers and Principals
28,363
2 Title II - Educational Technology
111,924
Title IID - CFF Coaching and EETT Funds
118,800
Title IIB - Teams - Current Year
14,000
Title IIB - Teams - Carryover Year
0 NCLB, Title IV - 21st Century Schools
20,951
1 NCLB, Title IV - 21st Century Schools
11,656
NCLB, Title V - Promoting Informed Parental Choice and Innov
494 Programs
1 CAPS Grant
0 Vocational Education - Operating Expenditures
101,314
3/23/2016
$
2011
128,000
$
2012
15,000
135,000
$
2013
25,000
140,000
2014
$30,000
$150,000
2,183,040
2,104,721
1,573,713
$1,894,019
580,035
102,360
42,614
-
727,177
87,006
-
526,287
-
$0
$0
$0
$0
$46,203
$0
$0
$970,936
428,502
370,592
270,000
$328,973
28,739
50
102,960
11,500
15,620
2,759
113,795
50,000
2,250
4,500
1,839
97,599
-
$0
$0
$0
$0
$0
$0
$0
95,712
9,000
99,166
95,712
$0
$0
$87,272
Other Federal Revenues
Federal Revenues
8690
8690
8703
8704
8810
8820
2010
2011
96,942
8,000
1,540,545
33,049
528,085
1,494,859
200,000
96,942
11,000
720,210
31,310
1,223,865
620,438
1,441,295
200,000
120,272
2,475
90,026
6,958
720,000
546,320
$ 7,690,889
$ 8,066,951
$ 4,659,779
$ 3,371,593
0 Other Federal Grants
Learn and Serve
Safe Routes to Schools
Title I, ARRA
School Improvement East Side ARRA
Ed Job Fund
Basic Education Increase above 4.1%
Basic Education Increase Up and Including 4.1%
0 Medical Assistance Reimbursements (Access)
SBAP Admin Claims
9350
9500
Other Revenue
Food Service Fund Transfers
Refund of Prior Years Expenditures
$
-
2012
2013
96,962
-
453,640
$
-
$
453,640
2014
$
-
$99,166
$0
$0
$0
$0
$0
$0
$0
$351,782
$200,000
$4,158,351
$0
$0
$75,000
$0
$75,000
$0
$0
$4,233,351
3/23/2016
Revenue Summary
Budget
July 1, 2009
July 1, 2010
July 1, 2011
July 1, 2012
July 1, 2013
June 30, 2010
June 30, 2011
June 30, 2012
June 30, 2013
June 30, 2014
Local Sources
$11,422,849
$10,985,948
$10,573,478
$10,458,626
$10,431,453
State Sources
$24,133,954
$23,711,390
$24,204,853
$24,335,723
$25,207,966
$7,690,889
$8,066,951
$4,659,779
$3,371,593
$4,233,351
$43,247,692
$42,764,289
$39,438,110
$38,165,942
$39,872,770
Federal Sources
Revenues
Total Revenues Highlights:
• Total Revenues are up by $1,706,828 overall
• Major driving force is PSERS
3/23/2016
3/23/2016
3/23/2016
Expenses
3/23/2016
Year
Pension Contribution Rate
Rate
30.00%
2009
4.76%
25.00%
2010
4.78%
2011
5.64%
2012
8.65%
15.00%
2013
12.19%
10.00%
2014
16.93%
20.00%
5.00%
2015
21.25%
0.00%
2016
23.66%
2017
24.50%
3/23/2016
2009
2010
2011
2012
2013
2014
2015
2016
2017
Year
2009
Health
Care
Increase
0.00%
2010
8.00%
2011
8.00%
2012
6.00%
2013
15.00%
2014
13.60%
2015
5.00%
2016
5.00%
2017
5.00%
3/23/2016
Pension Costs/Healthcare
Large Expenses
One expenditure will change in a known way from year to year and
that is PSERS
• PSERS increase from 12.36% to 16.93% for 2013-14, an
estimated increase of no less than $570,000 ($3,042,120 total)
Healthcare costs have been drastically increasing since 2009 and
appears to continue
• Reschini has the district at a 13.9% increase which represents an
increase of over $680,000 ($5,574,986 total)
• The district will continue to shop this increase to get a
decreased rate
3/23/2016
Cyber School/Debt/Transportation
Large Expenses
Cyber School costs have increased from $750,000 just two years ago to a
budgeted amount of $1,350,000 for 13-14 fiscal year
• The district has a cyber school and has made progress in reducing costs
• The rates for cyber school tuition is $7,668 for regular education
students and increased to $18,869 for Special Education students
The bond issue payment will remain flat for 13-14 at $3,777,532
Transportation costs are expected to decrease by over $250,000, a 13-14
budgeted decrease of $200,000
3/23/2016
Summary of Expenses
Greater Johnstown School District
Budget
For the Years Ended
Build # Budget
00
11
12
13
14
16
19
22
17
18
23
25
26
51
81
82
21
20
3/23/2016
July 1, 2013
June 30, 2014
Local Sources
State Sources
Federal Sources
$10,431,453
$25,096,442
$4,245,213
Revenues
$39,773,108
District Wide
School Board
Superintendent
Maintenance
Administrative Assistant
Secondary Education
Business Office
Technology
Federal Programs
Special Education
Eastside Elementary
Westside Elementary
Middle School Elementary
Middle School
High School
Athletics
Safety
Alternative/Cyber
$8,424,331
$138,538
$625,956
$2,748,161
$0
$0
$672,460
$871,236
$3,724,654
$5,988,424
$3,857,884
$4,469,577
$940,223
$3,227,543
$7,128,544
$677,558
$481,556
$2,505,904
Expenses
$46,482,549
Budget surplus (short fall)
-$6,709,441
Budgetary Changes
00
11
12
13
14
16
19
22
17
18
23
25
26
51
81
82
21
20
3/23/2016
Summary of Budgetary Changes
District Wide
1) Removed Tuition to Cyber schools (alternative)
School Board
1) No significant changes
Superintendent
1) Addition of Assistant Superintendent Budget
2) Addition of Professional Development Budget
3) Addition of Secondary Education Budget
Maintenance
1) Moved portion of building improvements to safety budget
Administrative Assistant 1) Removed (superintendent)
Secondary Education
1) Removed (superintendent)
Business Office
1) Moved Security services (special education/alternative school)
2) Removed Data Processing salary and benefits (building budgets)
Technology
1) No significant changes
Federal Programs
1) No significant changes
Special Education
1) Addition of all Special Education teachers
Eastside Elementary
1) Removed Special Education teachers
Westside Elementary
1) Removed Special Education teachers
Middle School Elementary 1) Removed Special Education teachers
Middle School
1) Removed Special Education teachers
High School
1) Removed Special Education teachers
Athletics
1) No significant changes
Safety
1) Creation of New Budget
2) Addition of safety capital projects and security expenses
Alternative/Cyber
1) Creation of New Budget
2) Addition of Cyber school expenses
3) Addition of security expenses
Budget by Function
3/23/2016
The Bottom Line
($6,611,819)
Shortfall
3/23/2016
Deficit Reduction Strategies
Summary of Controllable Costs
3/23/2016
00
District Wide
Potentially reduce homebound costs with cyber option, reduce
transportation costs, reduce matrons, reduce WCRO expense gap., use
attrition for administrators
11
School Board
No recommendations
12
Superintendent
No recommendations
13
Maintenance
Just in time inventory on maintenance supplies, reduce overtime costs, lock
in electricity rates, reduce capital project costs
14
Administrative Assistant
Removed
16
Secondary Education
Removed
19
Business Office
Reduce paper usage
22
Technology
Renegotiate lease contracts, remove Plato software cost
17
Federal Programs
No recommendations
18
Special Education
Increase Access revenue, reduce staffing
23
Eastside Elementary
Reduce staffing, Just in time office supply order, reduce book costs
25
Westside Elementary
Reduce staffing, Just in time office supply order, reduce book costs
26
Middle School Elementary
Reduce staffing, Just in time office supply order, reduce book costs
51
Middle School
Reduce staffing, Just in time office supply order, reduce book costs
81
High School
Reduce staffing, Just in time office supply order, reduce book costs
82
Athletics
Quote/bid out supplies, negotiate rental fees
21
Safety
Quote/bid our security services
20
Alternative/Cyber
Reduce cyber school enrollment
Retirements
Summary of Staff Changes
Staff
Position Building
Title
Garczynski, Diane
Buck, Diane
Kellar, Paula
Youchak, Deborah
Batovich, Jennifer
Golden, Loretta
Magistro, Joseph
TEA
TEA
TEA
TEA
TEA
TEA
TEA
ES
JHS
JHS
JHS
JMS
JMS
JMS ALT
Skunta, John
Smith, Alaina
Kist, James
Conrad, Joyce
Grandinetti, Albert
Hoffman, Robbin
Loya, Mary
Lucas, Margaret
Regino, Diana
Shoup, Diane
Wentworth,
Marianne
Yursky, Janice
Stofko, James
Azzarella, Concetta
Burke, Martin
Kolega, Dorothy
Saylor, Ida
TEA
TEA
TEA
TEA
TEA
TEA
TEA
TEA
TEA
TEA
JMS
JMS
JMSE
WS
WS
WS
WS
WS
WS
WS
Teacher Math/Reading Facilitator
Teacher English/Special Needs
Teacher Spanish 9-10-11-12
Teacher Learning Support
Teacher Emotional Support 6-7-8
Teacher Pre-Algebra 7
Teacher English 7
Teacher English/Assessment Coordinator with
ESL
Teacher English
Teacher Science 6th
Teacher First Grade
Teacher Fifth Grade
Teacher Phys Ed
Teacher Librarian
Teacher Nurse
Teacher Fourth Grade
Teacher Second Grade
TEA
TEA
MNT
AID
AID
AID
AID
WS
WS
MNT
WS
JMS
JMS
ES
Teacher Art
Teacher Second Grade
Maintenance - Repairman
Aide - Learning Support/Floater
Aide - Multi Handicapped
Aide - Learning Support
Aide - Learning Support/Floater
Cost to Replace All Staff Not Already replaced (assumes family medical coverage for those eligible)
3/23/2016
Already
Replaced
Cost to Replace
N
N
N
N
N
N
N
$
$
$
$
$
$
$
78,811.02
78,811.02
78,811.02
78,811.02
78,811.02
78,811.02
78,811.02
N
N
N
N
N
N
N
N
N
N
$
$
$
$
$
$
$
$
$
$
78,811.02
78,811.02
78,811.02
78,811.02
78,811.02
78,811.02
78,811.02
78,811.02
78,811.02
78,811.02
N
N
N
N
N
N
N
$
$
$
$
$
$
$
78,811.02
78,811.02
29,320.85
20,397.21
20,397.21
20,397.21
20,397.21
1,608,319.02
Fund Balance
Fund Balance (Audited) as of June 30, 2012
$15,966,873 General Fund and $5,710,497
Capital Projects ($21,677,370)
Estimated $5,142,788 million reduction for the
year ending June 30, 2013 (Budgeted was $7.2
million) Estimated Fund Balance $$16,534,582
Budgeted 13-14 shortfall results to a total
projected fund balance of $9,922,763 ending
June 30, 2014
3/23/2016
Fund Balance
3/23/2016
Where We Were
BASELINE
2010
2011
2012
2013
2014
2015
2016
2017
2018
TOTAL REVENUES
$43,859,914
$42,325,450
$37,777,066
$38,165,942
$39,099,171
$40,258,981
$41,512,627
$42,629,004
$43,426,221
TOTAL EXPENDITURES
$40,395,344
$40,936,365
$44,112,385
$45,409,750
$47,132,468
$49,157,762
$51,268,814
$53,159,541
$54,794,787
BASELINE OPERATING BALANCE (Pre Initiatives)
$3,464,570
$1,389,085
($6,335,319)
($7,243,808)
($8,033,297)
($8,898,781)
($9,756,187)
($10,530,537)
($11,368,566)
TOTAL INITIATIVES
BASELINE OPERATING BALANCE (Post Initiatives)
FUND BALANCE (Beginning of Year)
FUND BALANCE (End of Year)
3/23/2016
$3,464,570
$1,389,085
($6,335,319)
-
-
-
-
-
($7,243,808)
($8,033,297)
($8,898,781)
($9,756,187)
($10,530,537)
($11,368,566)
$10,358,438
$3,114,630
($4,918,667)
($13,817,447)
($23,573,634)
($34,104,171)
$3,114,630
($4,918,667)
($13,817,447)
($23,573,634)
($34,104,171)
($45,472,737)
Where We Are
BASELINE
2010
2011
2012
2013
2014
2015
2016
2017
2018
TOTAL REVENUES
$43,859,914
$42,325,450
$40,870,659
$40,153,262
$39,872,770
$40,388,478
$40,915,562
$41,510,627
$42,123,976
TOTAL EXPENDITURES
$40,395,344
$40,936,365
$42,258,009
$45,296,050
$46,484,589
$46,646,731
$46,681,498
$46,781,317
$46,946,497
BASELINE OPERATING BALANCE (Pre Initiatives)
$3,464,570
$1,389,085
($1,387,350)
($5,142,788)
($6,611,819)
($6,258,253)
($5,765,937)
($5,270,690)
($4,822,522)
TOTAL INITIATIVES
BASELINE OPERATING BALANCE (Post Initiatives)
$3,464,570
$1,389,085
($1,387,350)
FUND BALANCE (Beginning of Year)
FUND BALANCE (End of Year)
3/23/2016
$21,677,370
-
-
-
-
-
($5,142,788)
($6,611,819)
($6,258,253)
($5,765,937)
($5,270,690)
($4,822,522)
$21,677,370
$16,534,582
$9,922,763
$3,664,510
($2,101,427)
($7,372,117)
$16,534,582
$9,922,763
$3,664,510
($2,101,427)
($7,372,117)
($12,194,638)