Hopewell Area School District

2018‐2019 General Fund Budget Board Presentation
April 9, 2018

1

Mission Statement

The Hopewell Area School District is committed to preparing students to be productive citizens and life‐long learners in an ever‐changing world.

2

Presentation Agenda

‐Local Revenue ‐State Revenue
‐Federal/Other Revenue ‐Summary
‐Next Steps ‐Discussion/Questions

3

Local 2017‐18

Revenue
2018‐19	Variance

Real Estate Taxes

Interim Real Estate Taxes Public Utility Taxes Payment in Lieu of Taxes
Occupational Privilege Taxes Earned Income Taxes
Realty Transfer Taxes Mercantile Taxes
Delinquent Real Estate Taxes Delinquent Earned Income Taxes Interest Income
Student Activity Revenue Student Fees (parking) Project Max
Pass‐Through IDEA Funding Rentals (Facilities/TMobile) Donations/Contributions Tuition‐Incarcerated Transportation‐Other LEAs Community Service Activities Refunds from Prior Year Miscellaneous Revenue

$15,150,312

$36,000 $20,000 $22,600 $20,000 $2,240,000 $225,000 $100,000 $900,000 $60,000 $40,000 $40,000 $4,000 $3,000 $285,000 $27,500 $19,000 $100,000 $17,500 $5,500 $10,000 $10,000

$15,931,695 $15,705,544 $15,479,394

$33,000 $19,000 $23,000 $20,000 $2,240,000 $225,000 $100,000 $900,000 $60,000 $60,000 $35,000 $3,500 $3,000 $250,000 $24,700 $20,000 $100,000 $17,500 $5,000 $15,000 $15,000

+$781,383 (2 mill inc) +$555,232 (1 mill inc) +$329,082 (no inc)

‐$3,000 ‐$1,000 +$600

+$20,000 ‐$5,000 ‐$500

‐$35,000 ‐$2,800 +1,000

‐$500 +$5,000 +$5,000

Total Local Revenue	$19,335,412	$20,100,395/$19,874,244/$19,648,094

4

State Revenues

•	 As of February, PDE has still not finalized funding for the current year, so the 18‐19 budget reflects the most up‐to‐date 17‐18 estimates for major subsidy line items. The Governor’s proposed 18‐19 budget does project an increase in education funding.

Basic Ed Subsidy Tuition‐Court‐placed Special Ed Subsidy Transportation Subsidy Non‐Public Trans Subsidy Plan‐con Reimbursements Health Services
Property Tax Reduction Ready To Learn Block Grant Social Security/Medicare Retirement
Total State Subsidies

2017‐18 $9,706,814 $20,000 $1,903,347 $800,000 $25,000 $844,805 $42,000 $1,149,546 $405,523 $710,000 $2,995,000 $18,602,035

2018‐19 $9,687,058 $25,000 $1,900,512 $850,000 $25,000 $840,590 $42,000 $1,149,546 $405,523 $718,000 $3,125,308 $18,768,537

Variance ‐$19,756 +$5,000 ‐$2,835 +$50,000

‐$4,215

+$8,000 +$130,308 +$166,502

5

Federal Revenues

Hopewell receives Federal Funding through Title I, Title IIA, and Title IV programs. The rumors for 18‐19 for Title I and IIA is ‘expect cuts’ and no more funding for Title IV.

Title I Title IIA Title IV ACCESS
Medicaid‐Admin
Total Federal Revenue

2017‐18 $245,000 $122,000 $10,000 $50,000 $3,000 $420,000

2018‐19 $300,000 $60,000 $0 $10,000 $4,000 $374,000

Variance +$55,000 ‐$62,000 ‐$10,000 ‐$40,000 +$1,000 ‐$46,000

Other Revenue Sale of Fixed Assets	$5,000	$5,000

6

2018‐19 Revenue Summary

Tax increase of 2 mills: Total Local Revenues Total State Revenues Total Federal Revenues Total Other Revenues Total Revenues:

Tax increase of 1 mill: Total Local Revenues Total State Revenues Total Federal Revenues Total Other Revenues Total Revenues:

No tax increase: Total Local Revenues Total State Revenues
Total Federal Revenues Total Other Revenues Total Revenues:

2017‐18 $19,335,412 $18,602,035 $420,000 $5,000 $38,362,447

$19,335,412 $18,602,035 $420,000 $5,000 $38,362,447

$19,335,412 $18,602,035 $420,000 $5,000 $38,362,447

2018‐19 $20,100,395 $18,768,537 $374,000 $5,000 $39,247,932

$19,874,244 $18,768,537 $374,000 $5,000 $39,021,781

$19,648,094 $18,768,537 $374,000 $5,000 $38,795,631

Variance +$765,029 +$166,502 ‐$46,000

+$885,485

+$538,832 +$166,502 ‐$46,000

+$659,334

+$312,682 +$166,502 ‐$46,000

+$433,184

Preliminary Expenditure total:	$41,137,994
7

Next Steps

• Make adjustments based on Principal budget review meetings

• Health insurance costs (April 23rd) • Continue contract negotiations
• Continue to review accounts to ensure accuracy

• Review tax revenues after County certification (May 1st)

• Compute Homestead/Farmstead amounts

8

DISCUSSION/QUESTIONS

9