2012-2013 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
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.
Fiscal Year
12/13
11/12
SAWW
ECI
SAWW % +
ECI
%+
Base Index
$872
116
2.1%
1.3%
1.7%
$855
114
0.9%
1.9%
1.4%
10/11
$847
112
2.7%
3.0%
2.9%
09/10
$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%
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
Assessment By Type
ROSE TREE MEDIA SCHOOL DISTRICT
Assessment by Property Type As of 1/1/11
Industrial
0.2%
Farm
0.0%
Ground
1.2%
Public Utility
0.1%
Exempt
14.9%
Commercial
17.5%
Residential
66.0%
6
Local Revenue
12/13
Local Source
Real Estate Tax
Budget Amount
%
of Total
61,562,026
92.8%
Transfer Tax
700,000
1.1%
Delinquent Taxes
950,000
1.4%
Current Per Capita
350,000
0.5%
1,576,686
2.4%
120,000
0.2%
1,055,973
1.6%
66,314,685
100.0%
Tuition
Earnings on Investments
Rentals/Other
Local Revenue
Five Year History
Description
LOCAL SOURCES
Current RE Tax
Interim RE Tax
Utility RE Tax
Cur. Tax/St & Local
Cur. Per Capita
Act 511 Taxes Flat
Act 511 Taxed Prop.
Delinquent Tax
Interest on Inv
Rev-Student Activ.
Other Public Schools
Fed. IDEA Pass Thru
Fed. ARRA IDEA
Rentals
Cont./Donations
Tuition Reg.
Tuition Reg. Day Sch
Tuition Summer Sch.
Tuition/Patrons
Misc Revenue
All Other Local Rev
Local Sources
Account
Code
6111
6112
6113
6114
6120
6140
6150
6400
6500
6700
6821
6832
6833
6910
6920
6940
6941
6942
6949
6990
6999
Actual
08/09
Actual
09/10
57,010,195 58,177,707
572,444
473,765
76,049
82,377
2,951
78,311
322,511
801,908
862,009
846,328
56,050
30,000
585,455
113,059
0
0
0
37,320
558,781
155,317
525,323
62,634,011
2,951
81,011
292,967
766,479
1,597,626
270,808
56,633
25,000
566,960
516,293
112,308
3,480
21,395
36,626
0
2,579,648
166,752
64,877
65,895,663
Actual
10/11
Budget
11/12
Budget
12/13
59,512,108 60,053,572 61,227,075
188,497
375,000
250,000
85,539
75,000
82,000
2,951
2,951
2,951
76,760
75,000
75,000
270,939
275,000
275,000
723,316
650,000
700,000
1,424,643
850,000
950,000
131,312
120,000
120,000
55,961
50,000
50,000
0
0
0
559,180
576,367
560,000
218,672
0
0
81,097
100,000
100,000
15,238
0
0
0 2,150,456 1,576,686
12,177
0
0
33,320
0
0
1,129,533
0
0
102,589
350,000
345,973
911,847
0
0
65,535,679 65,703,346 66,314,685
State Revenue
12/13
State Source
%
Budget Amount
of Total
Basic Education Subsidy
2,380,000
21.1%
Special Education Funding
1,750,000
15.5%
Transportation
1,250,000
11.1%
Property Tax Relief
1,632,983
14.5%
Social Security Subsidy
1,453,653
12.9%
Retirement Subsidy
2,315,155
20.5%
460,000
4.0%
11,298,577
100.0%
Other
State Revenue
Five Year History
STATE SOURCES
Account
Code
Basic Inst'l Subsidy
7110
2,649,387
2,379,020
2,263,467
2,493,710
2,380,000
Charter Sch-Non Pub
Tuition/Orphans
Homebound Instr.
7140
7160
7210
130,748
233,836
271
126,851
121,257
0
110,596
137,301
0
0
100,000
0
0
100,000
0
Alternative Ed
7230
47,044
0
0
Spec. Ed Fund
7271
1,859,465
1,883,791
1,827,996
1,750,000
1,750,000
Transp. Reg. & Add'l
7310
1,275,423
1,306,133
1,232,417
1,250,000
1,250,000
Rental & Sink Fund
7320
267,504
176,276
262,416
250,000
275,000
Health Serv.
7330
88,651
92,650
88,726
80,000
85,000
Property Tax Relief
7340
1,633,115
1,633,066
1,633,151
1,633,060
1,632,983
PA Acct. Grant
7501
144,370
144,370
135,382
0
0
Dual Enroll. Grants
7502
2,098
5,639
2,483
0
0
Add'l. Grants
7599
7,309
0
0
SS Payments
7810
1,289,997
1,341,734
1,381,367
759,595
1,482,046
Retirement Pay.
7820
808,228
874,300
1,044,340
1,606,797
2,343,548
Classrooms for Future
7920
76,812
State Sources
Actual
08/09
Actual
09/10
Actual
10/11
Budget
11/12
Budget
12/13
10,514,258
0
10,085,087
10,119,642
9,923,162
0
11,298,577
Federal and Other Revenue
Five Year History
FEDERAL SOURCES
Rest, Fed /Grants
Title I
Title II
Title IV 21st. Century
Title V
ARRA - IDEA Part B
ARRA - Title I Part A
ARRA - SSF
EduJobs
PEMA
ACCESS
Federal Sources
OTHER SOURCES
Transfers
Sale of Equip
Insurance Recoveries
Other Sources
Fund Balance
Account
Actual
Actual
Actual
Budget
Budget
Code
8516
8517
8518
8519
8531
8560
8703
8708
8709
8690
8810
08/09
0
167,446
130,361
7667
421
0
0
0
09/10
2,499
312,841
134,878
8,190
10/11
0
367,725
129,066
0
94,061
320,837
14,352
12/13
0
287,700
105,000
0
0
0
0
0
887,658
0
104,203
313,072
185,490
22,074
96,573
1,218,203
11/12
0
175,000
125,000
0
0
0
0
0
75,000
0
375,000
200,000
0
592,700
5,777
66,817
10,165
15,942
10,392
77,209
0
0
0
0
0
0
0
0
9330
9400
9990
2,884
308,779
0
51,199
51,199
1,770,822
4,636,276
2,099,139
Revenue Summary
ROSE TREE MEDIA SCHOOL DISTRICT
12/13 REVENUE BUDGET BY OBJECT
State
14.4%
Federal
0.8%
Local
84.8%
Revenue Budget Comparison
Major Object
11/12
12/13
Budget Amount
Budget Amount
$ Incr/Decr
% Incr/Decr
Local
65,703,346
66,314,685
611,339
State
9,923,162
11,298,557
1,375,395
13.86%
375,000
592,700
217,700
58.05%
4,636,276
2,099,139
-2,537,137
-54.72%
80,637,784
80,305,101
-332,683
-0.41%
Federal
Fund Balance
Total
0.93%
Key Facts and Figures of the Revenue Budget.
-- Key Points - 1 millage point (mill) is equal to approximately $2.77 million
 Act 1 Index is 1.7%
 2011-2012 Homestead exemption $207
 2012-2013 Homestead exemption $209
 Average homeowner assessment is $205,173
 Average homeowner tax bill in 2011-2012 $4,566
 Increase in average homeowner tax bill for 2012-2013 is $74
 The use of $2.1 million in fund balance
14
Unfortunately, even with the budget we have,
there are cuts to the fund balance.
-- Fund Balance Reductions --
 2008/2009
$2.1 million
 2009/2010
$2.5 million
 2010/2011
$4.9 million
 2011/2012
$4.6 million
 2012/2013
$2.1 million
15
Expenditure Budget for 2012-2013
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
16
Expenditure Comparison by Object
Major Object
11/12
12/13
Budget
Amount
Budget Amount
$ Incr/Decr
%Incr/Decr
Salaries
38,696,095
38,448,968
-247,127
-0.64%
Employee Benefits
14,618,425
15,504,596
886,171
6.06%
Contr Prof. Svc
4,937,055
4,843,478
-93,577
-1.90%
Purch Property Svcs
2,437,715
2,573,022
135,307
5.55%
Other Purchased
Svcs
5,929,472
5,487,964
-441,508
-7.45%
Supplies/Books
3,281,460
3,041,545
-239,915
-7.31%
698,884
539,329
-159,555
-22.83%
Other Objects
3,719,959
3,508,808
-211,151
-5.68%
Other Financing Uses
6,318,719
6,357,391
38,672
0.61%
Total
80,637,784
80,305,101
-332,683
-0.41%
Property (Equipment)
Expenditure Comparison by Object
ROSE TREE MEDIA SCHOOL DISTRICT
12/13 BUDGET EXPENSES BY OBJECT
Other Uses of Funds
7.9%
Other Objects
4.4%
Property
0.7%
Supplies
3.8%
Other Purchased Services
6.8%
Salaries
47.9%
Purchased Property
Services
3.2%
Purchased Prof. & Technical
Services
6.0%
Benefits
19.3%
18
Expenditure Budget for 2012-2013 is $80,305,101
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
19
Expenditure Comparison by Function
11/12
Expense Function
Budget Amount
12/13
Budget Amount
–
$
Incr/Decr
–
%
Incr/Decr
Instructional Programs
44,353,330
43,918,147
-435,183
-0.98%
Instr Support Svcs
6,506,586
6,687,546
180,960
2.78%
Admin
3,295,964
3,730,761
434,797
13.19%
609,297
628,503
19,206
3.15%
Business Svcs
1,058,158
1,051,889
-6,269
-0.59%
Opn & Maint
7,526,512
7,223,204
-303,308
-4.03%
Transportation
4,900,550
4,780,508
-120,042
-2.45%
918,140
962,688
44,548
4.85%
Student Activities
1,308,413
1,346,846
38,433
2.94%
Debt Service
8,955,350
8,985,667
30,317
0.34%
Other Expenses
1,205,484
989,344
-216,140
-17.93%
80,637,784
80,305,101
-332,683
-0.41%
Pupil Health
Central Support Svcs
Total
Expenditure Comparison by Function
ROSE TREE MEDIA SCHOOL DISTRICT
12/13 BUDGET EXPENSES BY FUNCTION
Debt Service
11.2%
Other Expenses
1.2%
Student Activities
1.7%
Central Support Svcs
1.2%
Transportation
6.0%
Instructional Pgm
54.7%
Opn & Maint
9.0%
Business Svcs
1.3%
Pupil Health
0.8%
Admin
4.6%
Instr Support Svcs
8.3%
Rose Tree Media School District’s
Expenditure Budget for 2012-2013
2012-2013 Expenditures
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
2011-2012
2012-2013
1000
2000
$44,353,330
25,067,291
$43,918,147
25,236,041
3000
5000
1,411,813
9,805,350
$80,637,784
1,515,246
9,635,667
$80,305,101
2011-2012
$65,703,346
9,923,162
375,000
$76,001,508
4,636,276
$80,637,784
2012-2013
$66,314,685
11,298,577
592,700
$78,205,962
2,099,139
$80,305,101
Revenues
6000
7000
8000
23
Key Facts of the Expenditure Budget.
-- Key Points - Historic Low Health Care Rates
 0% Salary Increases
 Maintain Current Programs
 Savings Through the Reduction of 10.7 Staff Members
 Increased Efficiencies
 Through Energy Programs and Projects
 Increase Use of Technology
 Staff Reorganization
 District Wide Print Study
24
Challenges
 Sluggish Housing Market
Slow Assessment Growth
Level Funding at the State Level
Unfunded Mandates
 Charter School Tuition
 Alternative Education
 Special Education
Future Retirement
CostsRet.
Estimated
Fiscal Yr
Rate
Expense
Estimated
Net Expense
State Subsidy To the District
Variance
8.65%
3,322,592.00
1,606,797.00
1,715,795.00
xxx
2012-2013
12.36%
4,775,777.06
2,387,888.53
2,387,888.53
672,093.53
2013-2014
16.75%
6,472,027.98
3,236,013.99
3,236,013.99
848,125.46
2014-2015
21.25%
8,210,781.76
4,105,390.88
4,105,390.88
869,376.89
2,389,595.88
25
Highlights
 2012-2013 Homestead exemption $209
 Average homeowner assessment is $205,173
 Average homeowner tax bill is $4,640
 Maintain Current Programs
 An Award Winning District
26