2013-2014 Budget Information
OUR School District…OUR Children
Excellent and
Award-winning
Educational
Programs
This helps to
maintain and
increase
property
values
We achieve this
through
a serious and
balanced
approach
to year-round
fiscal
responsibility
1
Budget Process
 At all times during the process, the
goal is to maintain the highest quality
of excellence in our educational
program for our students as possible.
Our students’ needs come first!
2
Sources of Revenue
Revenue is comprised of four sources: local, state, federal and fund balance.
Local revenue sources include real estate taxes, Per Capita taxes, tuitions,
earnings on investments and miscellaneous revenue.
State revenue sources include state subsidies for Basic Education Funding, Special
Education, and Transportation, State Property Tax Relief, Reimbursement for Social
Security and Retirement payments.
Federal revenue source consists of Title I & II and ACCESS funds that have
restricted uses.
Fund balance is the difference between net assets and liabilities and results when
revenues are greater than expenditures. It’s often referred to as a savings account,
but does not consist of only cash.
The Act 1 Index
The Act 1 Index is a result of the Taxpayer Relief Act of 2006, which established limits on tax
increases. The Index is calculated based on the percentage of increase in the State Wide Average
Weekly Wage (SAWW) and the percentage increase in the national Education Cost Index (ECI). The
SAWW is determined by the Department of Labor and Industry in the same manner as the
Unemployment Compensation Law and it is calculated on the previous calendar year. The ECI is
also based on the previous 12-month period beginning July 1st through June 30th using Elementary
and Secondary school data reported by the Bureau of Labor and Statistics.
*SAWW calculation changed by Act 6 of 2011 to a 36-month from 12-month
Fiscal Year
*13/14
12/13
11/12
10/11
09/10
SAWW
ECI
SAWW % +
ECI
%+
Base Index
$875
117
2.0%
1.4%
1.7%
$872
116
2.1%
1.3%
1.7%
$855
114
0.9%
1.9%
1.4%
$847
112
2.7%
3.0%
2.9%
$825
109
4.6%
3.6%
4.1%
08/09
$788
105
4.3%
4.5%
4.4%
07/08
$756
101
2.8%
4.0%
3.4%
06/07
$735
97
4.2%
3.5%
3.9%
Revenue
Act 1 Index vs. RTMSD Increases
6.00%
5.00%
4.00%
3.00%
District's
Increase
2.00%
Act 1
Index
1.00%
0.00%
06/07
07/08
08/09
09/10
10/11
11/12
12/13
13/14
Delaware County School District Proposed Mills
Ranked by Mills - June 2012 For 2012-2013
Mills
Mills
Mills
Mills
Mills
Rank
Incr %
Incr #
12/13
11/12
10/11
William Penn
1
0.00%
0.00
40.0600
40.0600
40.0600
Wallingford-Swarthmore
2
1.98%
0.7630
39.3340
38.5710
37.6260
Chichester
3
1.50%
0.5650
38.3000
37.7350
36.2819
Ridley
4
3.29%
1.2190
38.2500
37.0310
35.5580
Southeast Delco
5
0.89%
0.3250
36.8246
36.4996
35.7840
Upper Darby
6
3.53%
1.1200
32.8500
31.7300
30.9000
Interboro
7
0.00%
0.0000
32.2000
32.2000
31.6000
Garnet Valley
8
2.35%
0.6670
29.0550
28.3880
27.4700
Springfield
9
2.70%
0.7550
28.7300
27.9750
27.2230
Haverford Twp.
10
2.73%
0.7096
26.7305
26.0209
24.4743
Penn-Delco
11
3.04%
0.7240
24.5490
23.8250
23.1830
Chester Upland
12
0.69%
0.1680
24.4300
24.2620
24.2620
Rose Tree Media
13
1.63%
0.3621
22.6143
22.2522
22.2522
Radnor
14
3.21%
0.6788
21.8227
21.1439
20.8681
Marple Newtown
15
0.00%
0.0000
17.2199
17.2199
16.3222
1.84%
0.5371
30.1980
29.6609
28.9243
District
6
Delaware County School District Proposed Mills
Ranked by Percentage - June 2012
Mills
Mills
Mills
Mills
Mills
Mills
Mills
Mills
Mills
Mills
Rank
Incr %
Incr #
12/13
11/12
10/11
Upper Darby
1
3.53%
1.1200
32.8500
31.7300
30.900
Ridley
2
3.29%
1.2190
38.25
37.0310 35.5580
Radnor
3
3.21%
0.6788
21.8227
21.1439 20.8681
Penn-Delco
4
3.04%
0.7240
24.5490
23.8250 23.1830
Haverford Twp.
5
2.73%
0.7096
26.7305
26.0209 24.4743
Springfield
6
2.70%
0.7550
28.7300
27.9750 27.2230
Garnet Valley
7
2.35%
0.6670
29.0550
28.3880 27.4700
Wallingford-Swarthmore
8
1.98%
0.7630
39.3340
38.5710 37.6260
Rose Tree Media
9
1.63%
0.3621
22.6143
22.2522 22.2522
Chichester
10
1.50%
0.5650
38.3000
37.7350 36.2819
Southeast Delco
11
0.89%
0.3250
36.8246
36.4996 35.7840
Chester Upland
12
0.69%
0.1680
24.4300
24.2620 24.2620
Marple Newtown
13
0.00%
0.0000
17.2199
17.2199 16.3222
Interboro
14
0.00%
0.0000
32.2000
32.2000 31.6000
William Penn
15
0.00%
0.0000
40.0600
40.0600 40.0600
1.84%
0.5370
30.1980
29.6609 28.9243
District
7
Tax History
ROSE TREE MEDIA
SCHOOL DISTRICT
TEN YEAR HISTORY OF PERCENT INCREASE IN REAL ESTATE TAX
School Year
2013/14
2012/13
2011/12
2010/11
Rate
%
Change Change
1.26
7.55%
0.83
4.62%
0.69
3.69%
0.66
3.40%
0.97
4.80%
0.53
2.50%
0.63
2.90%
0.00
0.00%
0.36
1.63%
0.37
1.66%
2009/10
Millage
Rate
17.9481
18.7768
19.4695
20.1314
21.0977
21.6251
22.2522
22.2522
22.6143
22.9889
2008/09
2007/08
2006/07
2005/06
School
Year
2004/05
2005/06
2006/07
2007/08
2008/09
2009/10
2010/11
2011/12
2012/13
2013/14
2004/05
8.00%
7.50%
7.00%
6.50%
6.00%
5.50%
5.00%
4.50%
4.00%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
Assessment – Ten Year History
3,000,000,000
2,950,000,000
2,900,000,000
2,850,000,000
2,800,000,000
2,750,000,000
2,700,000,000
2,650,000,000
2,600,000,000
Taxable Assessed Value
Revenue Budget Comparison
Major Object
12/13
13/14
Budget Amount
Budget Amount
$ Incr/Decr
% Incr/Decr
Local
66,314,685
67,828,429
1,513,744
2.28%
State
11,298,557
12,342,814
1,044,237
9.24%
592,700
636,600
43,900
7.41%
2,099,139
1,673,879
80,305,101
82,481,722
Federal
Fund Balance
Total
- 425,260
2,176,621
-20.26%
2.71%
Revenue Summary
ROSE TREE MEDIA SCHOOL DISTRICT
13/14 REVENUE BUDGET BY OBJECT
State
15.0%
Federal
0.8%
Use of Fund
Balance
2.0%
Local
82.2%
Local Revenue
Earnings on Investments
0.1%
Rentals/Other
1.8%
Tuition
2.0%
Current Per Capita
0.5%
Delinquent Taxes
1.5%
Transfer Tax
1.0%
Real Estate Tax*
93.1%
State Revenue
13/14
State Source
%
Budget Amount
of Total
Basic Education Subsidy
2,654,776
21.51%
Special Education Funding
1,820,000
14.75%
Transportation
1,200,000
9.72%
Property Tax Relief
1,633,247
13.23%
Social Security Subsidy
1,413,827
11.45%
Retirement Subsidy
3,132,774
25.38%
488,190
3.96%
12,342,814
100.0%
Other
Key Facts and Figures of the Revenue Budget.
-- Key Points - 1 millage point (mill) is equal to approximately $2.81 million
 Act 1 Index is 1.7%
 2011-2012 Homestead exemption $207
 2012-2013 Homestead exemption $209
 2013-2014 Homestead exemption $211
 Average homeowner assessment is $205,173
 Average homeowner tax bill in 2013-2014 $4,717
 Increase in average homeowner tax bill for 2013-2014 is $77
 The use of $1.5 million in fund balance
14
Expenditure Budget for 2013-2014
In accordance with the Pennsylvania Department of Education expenditures are
categorized by objects and functions.
Objects
 Salaries - wages for all school district employees
 Benefits - health care, tuition reimbursement, retirement and social security
 Contracted Professional Services – tuition to the Intermediate Unit, legal and
auditing services
 Purchased Property Services - utilities, repairs and rentals.
 Other Purchased Services - transportation, property insurances, advertising,
tuitions and travel
 Supplies- books, general supplies and natural gas.
 Equipment - computers, furniture and vehicles
 Other objects – interest on bonds, dues and fees
 Other Uses of Funds – bond principal and fund transfers
15
Expenditure Comparison by Function
12/13
Expense Function
Budget Amount
13/14
Budget Amount
–
$
Incr/Decr
–
%
Incr/Decr
Instructional Programs
43,918,147
44,625,442
707,295
1.61%
Instr Support Svcs
6,687,546
7,330,848
643,302
9.62%
Admin
3,730,761
4,132,382
401,621
10.77%
628,503
649,042
20,539
3.27%
Business Svcs
1,051,889
1,105,497
53,608
5.10%
Opn & Maint
7,223,202
7,236,745
13,543
0.19%
Transportation
4,780,508
5,030,487
249,979
5.23%
962,688
995,834
33,146
3.44%
Student Activities
1,346,846
1,418,421
71,575
5.31%
Debt Service
8,985,667
8,763,727
-221,940
-2.47%
989,344
1,193,297
203,953
20.61%
80,305,101
82,481,722
2,176,621
2.71%
Pupil Health
Central Support Svcs
Other Expenses
Total
Expenditure Comparison by Function
ROSE TREE MEDIA SCHOOL DISTRICT
13/14 BUDGET EXPENSES BY FUNCTION
Debt Service
10.6%
Other Expenses
1.4%
Student Activities
1.7%
Central Support Svcs
1.2%
Transportation
6.1%
Instructional Pgm
54.1%
Opn & Maint
8.8%
Business Svcs
1.3%
Pupil Health
0.8%
Admin
5.0%
Instr Support Svcs
8.9%
Expenditure Comparison by Object
Major Object
12/13
13/14
Budget
Amount
Budget Amount
$ Incr/Decr
%Incr/Decr
Salaries
38,448,968
37,682,404
-766,564
-1.99%
Employee Benefits
15,504,596
18,128,181
2,623,585
16.92%
Contr Prof. Svc
4,843,478
4,114,573
728,905
-15.05%
Purch Property Svcs
2,573,022
3,115,951
542,929
21.10%
Other Purchased
Svcs
5,487,964
5,879,411
391,447
7.13%
Supplies/Books
3,041,545
3,040,605
-940
-0.03%
539,329
665,533
126,204
23.40%
Other Objects
3,508,808
3,136,061
-372,747
-10.62%
Other Financing Uses
6,357,391
6,719,003
361,612
5.69%
Total
80,305,101
82,481,722
2,176,621
-2.71%
Property (Equipment)
Expenditure Comparison by Object
ROSE TREE MEDIA SCHOOL DISTRICT
13/14 BUDGET EXPENSES BY OBJECT
Other Uses of Funds
8.1%
Other Objects
3.8%
Property
0.8%
Supplies
3.7%
Other Purchased
Services
7.1%
Salaries
45.7%
Purchased Property
Services
3.8%
Purchased Prof. &
Technical Services
5.0%
Benefits
22.0%
Expenditure Budget for 2013-2014 is $82,481,722
In accordance with the Pennsylvania Department of Education expenditures are
categorized by objects and functions.
Functions
 1000 Instruction-regular, special, vocational, alternative education programs
and the Delaware County Community College
 2000 Support Services-guidance, administration, student health, business,
operations and maintenance, student transportation, staff and technology
services
 3000 Operations of Non-Instructional Services-athletics, student activities,
and community services
 5000 Other Expenditures and Financing Uses-debt service, fund transfers,
and budgetary reserve
20
Rose Tree Media School District’s
Expenditure Budget for 2013-2014
2013-2014 Expenditures
21
Key Facts of the Expenditure Budget.
-- Key Points --
 iPad initiative for Penncrest students
 Reduction in staff through attrition
ADSUP II
Non-Instructional
Instructional
 Maintain Current Programs
 Savings through energy efficiencies
22
Summary Budget
Budget Final
Expenditures
Instructional
Support Services/
Operations
Non-Instructional Services
Other Financing Services
Totals
Budget Final
Local
State
Federal
Sub Totals
Fund Balance
Totals
2012-2013
2013-2014
1000
2000
$43,918,147
25,236,041
$44,625,442
26,653,732
3000
5000
1,515,246
9,635,667
$80,305,101
1,588,821
9,613,727
$82,481,722
2012-2013
$66,314,685
11,298,577
592,700
$78,205,962
2,099,139
$80,305,101
2013-2014
$67,828,429
12,342,814
636,600
$80,807,843
1,673,879
$82,481,722
Revenues
6000
7000
8000
23
Challenges
Tax Appeals
Level State Funding
Unfunded Mandates
 Charter School Tuition
 Alternative Education
 Special Education
Future Retirement Costs
13/14
16.93%
6,379,631.34
14/15
21.42%
8,071,571.37
15/16
23.90%
9,006,095.03
Rising Health Care Costs
24
Highlights
 2013-2014 Homestead exemption $211
 Average homeowner assessment is $205,173
 Average homeowner tax bill is $4,717
 Maintain Current Programs
 An Award Winning District
25