Saturday Budget WorkshopSaturday Budget WorkshopSaturday Budget WorkshopSaturday Budget Workshop
Radnor Township School DistrictRadnor Township School DistrictApril 9, 2011
Today’s AgendaToday’s AgendaScheduleSchedule
• 8:45 9 sign in• 8:45‐9 sign‐in
• 9‐9:15 introduction and budget overview
• 9:15‐9:20 orientation on breakout sessions
• 9:20‐9:40 first breakout discussion
• 9:45‐10:05 second breakout discussion
• 10:05‐10:15 breakout wrap‐up
• 10:15‐11 special board meeting – preliminary budget
FormatFormat
• Two discussion tables
Goals for TodayGoals for Today
• Discuss tax‐rate options for 2011‐2012 budgetDiscuss tax‐rate options for 2011‐2012 budget
• Reconcile budget, tax rate and future strategiesg g
Budget TimelineBudget Timeline
Sept. 2010 Budget work begun; Act 1 index received
Nov. 2010 Stakeholder meetings begun
Proposed preliminary budget created • $78,652,388 (3.6% increase over current year); $990,407
Jan. 2011$ , , ( y ); $ ,shortfall
Proposed preliminary budget adopted• $79 349 038 (with $1 687 057 estimated Act 1 exceptions;
Feb. 2011$79,349,038 (with $1,687,057 estimated Act 1 exceptions; 4.46% increase over current year)
March 2011Stakeholder meetings continued, town hallA t 1 ti d f $2 549 217 15March 2011 • Act 1 exceptions approved for $2,549,217.15
April 12, 2011 Preliminary budget adoption scheduled
May 24, 2011 Final budget adoption scheduled
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May 24, 2011 Final budget adoption scheduled
ExceptionsExceptions
For 2011‐2012 budget RTSD is approved for:For 2011 2012 budget, RTSD is approved for: • Court ordered assessment reductions
• Retirement contributions$396,007.15
$612 888• Retirement contributions
• Grandfathered debt
M i t f l l
$612,888
33,756
$1 506 566• Maintenance of local revenue or actual instruction expense
Total Approved Exceptions
$1,506,566
$2 549 217 15• Total Approved Exceptions
Note: Exception Total Estimated at the time of Proposed Preliminary Budget adoption on 2/8/11
$2,549,217.15
p p y g p / /was $1,687,057
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Radnor by the NumbersRadnor by the Numbers2011‐2012 Proposed Preliminary Budget*
• % Local revenues 88.00%
• % State funds 9.10%
• % Federal funds 0.70%
• % Fund balance 2.20%
*February 2011
2011‐2012 Preliminary Budget**
• % Local revenues 88.92%
• % State funds 8.73%
• % Federal funds 0.73%
• % Fund balance 1.62%
**Based on total $76,676,837 budget at 1.4% index6
Property Tax ReliefProperty Tax Relief
Year 1 July 1 2008 5 571 Certified PropertiesYear 1 July 1, 2008 5,571 Certified Properties
Tax Relief $261/Per Homestead
Year 2 July 1 2009 5 476 Certified PropertiesYear 2 July 1, 2009 5,476 Certified Properties
Tax Relief $261/Per Homestead
Y 3 J l 1 2010 5 451 C tifi d P tiYear 3 July 1, 2010 5,451 Certified Properties
Tax Relief $266/Per Homestead
l f d dYear 4 July 1, 2011 TBA Certified Properties Data due May, 2011
Tax Relief TBD
History of BudgetedHistory of BudgetedTaxes & ExpendituresTaxes & ExpendituresTaxes & ExpendituresTaxes & Expenditures
Year Tax Increase Budget Increase
2001 2002 4 6 % 6 3 %2001‐2002 4.6 % 6.3 %2002‐2003 5.0 % 7.0 %2003‐2004 5.3 % 5.3 %2004‐2005 4.8 % 5.1 %2005‐2006 4.9 % 7.1 %2006‐2007 5.8 % 6.8 %6 8 %2007‐2008 5.0 % 6.4 %2008‐2009 7.0 % 3.5 %2009 2010 3 9 % 3 5 %2009‐2010 3.9 % 3.5 %2010‐2011 2.9% 1.9%2011‐2012 1.4% 1.0%
Impact of Decreasing Act 1 IndexImpact of Decreasing Act 1 Index
2008‐09 2009‐10 2010‐11 2011‐12
Act 1 Index 4.4% 4.1% 2.9% 1.4%
Assessed Value $3,099,805,100 $3,131,318,978 $3,131,318,978 $3,126,219,867
Tax Rate (Mils) 19.5118 20.2731 20.8681 21.1439
**Revenue Lost from Decreasing Index $257,967 $765,548 $956,936
Cumulative Revenue Lost $257,967 $1,023,515 $1,980,451
**Compared to the 2008‐09 Act 1 index of 4.4%p
Impact of Governor’s BudgetImpact of Governor’s Budget
Governor’s proposed budget results inGovernor s proposed budget results in
• Net decline of $4,192 in basic state subsidies
• Loss of estimated $556,150 in state Social S it b idSecurity subsidy
• Elimination of Accountability Block Grant and• Elimination of Accountability Block Grant and charter school subsidy amounting to $98,170
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Budget Projection Budget Projection –– RevenuesRevenues2010‐11 Budget
2010‐11 Projected
2011‐12 Budget 1.4% Index
2012‐13 Budget 0.88% Index
Current Real Estate Taxes $61,974,783 $61,810,202 $64,117,494 $64,669,975
Interim R/E Taxes $315,000 $315,000 $315,094 $315,094
Delinquent R/E Taxes $850,000 $850,000 $850,000 $850,000
R/E Transfer Taxes $950,000 $950,000 $950,000 $950,000
Interest Income $300,000 $100,000 $60,000 $60,000Interest Income $300,000 $100,000 $60,000 $60,000
Receipts from LEAs $720,000 $720,000 $813,387 $813,387
Other Local Revenue $1,040,771 $1,240,771 $1,073,042 $1,073,042
Total Local Revenue $66,150,554 $65,985,973 $68,179,017 $68,731,498B i I t S b idi $1 600 000 $1 651 263 $1 688 526 $1 688 526Basic Instr. Subsidies $1,600,000 $1,651,263 $1,688,526 $1,688,526
Property Tax Relief $1,453,148 $1,453,148
Special Education $1,242,978 $1,248,430 $1,248,430 $1,248,430
Transportation $815,000 $815,000 $815,000 $815,000
State Revenue: FICA $1,412,720 $1,434,579 $936,760 $960,179
State Rev.: Retirement $1,525,505 $1,057,650 $1,695,932 $2,449,874
Other State Revenue $323,776 $303,776 $310,320 $310,320
Total State Revenue $8,373,127 $7,963,846 $6,694,968 $7,472,329Federal & Other * $807,107 $807,107 $562,852 $562,852
Fund Balance Brought Fwd $615,000 $1,240,000 $615,000
Total Revenue $75,945,788 $74,756,926 $76,676,837 $77,381,679
Budget Projection Budget Projection –– ExpensesExpenses2010‐11 Budget
2010‐11 Projected
2011‐12 Budget 1.4% Index
2012‐13 Budget 0.88% Index
Salaries‐100 $37 119 102 $37 505 338 $39 214 447 $40 194 808Salaries 100 $37,119,102 $37,505,338 $39,214,447 $40,194,808Benefits‐200 Medical insurance Premiums $6,555,323 $6,343,740 $5,951,228 $6,100,009Social Security $2,839,610 $2,869,158 $2,999,906 $3,074,903Retirement $3,051,009 $2,115,301 $3,391,865 $4,899,747Other Benefits $4,150,130 $3,890,543 $3,713,530 $4,084,883
Special Ed. Prof. & Prof. Svcs.‐300 $4,129,068 $3,829,068 $4,215,174 $4,256,202Other Professional Services‐400 $2,155,584 $1,955,584 $2,151,551 $2,170,485Purch. Property Svcs‐500 $2,930,141 $2,525,000 $3,105,116 $3,132,441General Supplies 600 $2 457 056 $2 157 056 $2 518 302 $2 540 463General Supplies‐600 $2,457,056 $2,157,056 $2,518,302 $2,540,463Equipment‐700 $513,925 $413,925 $472,726 $476,886Dues & Fees $119,397 $109,096 $135,148 $136,337
Total Inst./Op. Expend. $66,020,345 $63,713,809 $67,872,893 $71,067,164Debt Service $8 482 223 $7 557 223 $7 502 308 $7 502 308Debt Service $8,482,223 $7,557,223 $7,502,308 $7,502,308Trans. to Other Funds $525,000 $525,000 $1,037,200 $1,287,500Budgetary Reserve $918,220 $700,000 $268,336 $250,000
Total Expenditures $75,945,788 $72,496,032 $76,676,837 $80,106,972
Overage/Shortfall $2,260,894 $0 ($2,725,293)Millage Impact of Shortfall (0.8987)
Fund Balance ProjectionFund Balance ProjectionFund Balance June 30, 2010 $8,595,040.00
Audited ERIP reserve 6/30/2010 ‐ $1,225,151.00
Transfer to retirement escrow account* ‐ $1,618,392.00
Audited unreserved/undesignated Fund Balance6/30/2010 = $5,751,497.00
Anticipated increase (decrease) in FY 2011‐12 + $2,260,894.00
Projected Fund Balance June 30,2011 = $8,012,391.00
Allowabe Fund Balance level: 8% of 11‐12 budgeted expenses $6,134,146.96
Projected unreserved/undesignated Fund Balance 6/30/2011 ‐ $8,012,391.00
Amount Fund Balance exceeds legislated maximum = ($1,878,244.04)
Recommendation: Transfer to Operating Budget '11‐12 ‐ $1,240,000.00
Projected unreserved fund balance for 11‐12 $6,772,391.00
Amount Fund Balance exceeds legislated maximum after 11‐12 deduction ($638,244.04)
Technology DollarInstruction 80% Information 20%
Replacement hardware and tech training Infrastructure, licensing and i t t tto support:
engaging and interactivelearning
maintenance to support:
instructional applicationsoperational applicationslearning
access to quality online global resourcesindividualized learning
t iti t bli h f th ti
p ppreliable web accesswirelesssecurity
opportunities to publish for authenticaudiencesprofessional development resources
Technology Refresh Technology Refresh –– 5 year plan5 year plan
Instructional Technology 2011‐12 2012‐13 2013‐14 2014‐15 2015‐16
Replacement:
Instructional PCs/laptops 540/year @ $1,200 per $648,000 $648,000 $648,000 $648,000 $648,000540/year @ $1,200 per $648,000 $648,000 $648,000 $648,000 $648,000
Printers 15/year @ $500 per $7,500 $7,500 $7,500 $7,500 $7,500
Training ‐ 15 staff $40,000 $40,000 $40,000 $40,000 $40,000g $ , $ , $ , $ , $ ,
Software $125,000 $125,000 $125,000 $125,000 $125,000
Subtotal $820,500 $820,500 $820,500 $820,500 $820,500Subtotal $820,500 $820,500 $820,500 $820,500 $820,500
Technology Refresh Technology Refresh –– 5 year plan5 year plan
Informational Technology 2011‐12 2012‐13 2013‐14 2014‐15 2015‐16
$Storage area network $150,000
Servers $20,400 $20,400 $20,400 $20,400 $20,400
Big Fix licensing (AV, push g g ( , pmaint., inventory, power) $50,000 $50,000 $50,000 $50,000
Non‐instructional PCs/laptops 69/year @ $1,200 per $10,500 $72,500 $72,500 $10,500 $10,500aptops 69/yea @ $ , 00 pe $ 0,500 $ ,500 $ ,500 $ 0,500 $ 0,500
Infrastructure (switches, wireless, security) $75,000 $75,000 $75,000 $75,000 $75,000
Virtualization licenses $12 000 $12 000 $12 000 $12 000Virtualization licenses $12,000 $12,000 $12,000 $12,000
Subtotal $255,900 $279,900 $279,900 $217,900 $217,900
Total $1 076 400$1 100 400$1 100 400$1 038 400 $1 038 400Total $1,076,400$1,100,400$1,100,400$1,038,400 $1,038,400
Five Year Capital Plan2011-12 2012-13 2013-14 2014-15 2015-16
Radnor High School 163 500 110 000 115 000 150 000 100 000Radnor High School 163,500 110,000 115,000 150,000 100,000
Radnor Middle School 0 1,500 0 0 5,000Wayne Elementary S h l 62,500 5,000 154,000 93,000 60,000School 62,500 5,000 154,000 93,000 60,000
Radnor Elementary School 43,000 0 3,000 30,000 35,000
Ithan Elementary 61 500 29 000 340 000 38 000 68 000Ithan Elementary School 61,500 29,000 340,000 38,000 68,000
Administration Building 117,000 575,000 25,000 40,000 92,000
T Bld /BTrans Bldg/Bus Replacement 589,700 567,000 513,000 747,000 742,000
GRAND TOTAL: $1,037,200 $1,287,500 $1,150,000 $1,098,000 $1,102,000
FIVE YEAR TOTAL: $5,674,700
Bottom Line SummaryBottom Line Summary
Tax Increase
Scenario 10%
Scenario 21.4%
Scenario 2A Index plus Extraordinary
Scenario 3** Index plusTax Increase 0% 1.4% p y
Expenses (Technology/ PSERS)
pApprovedExceptions
Expenses $76,676,837 $76,676,837 $78,206,232 $79,226,054p
Revenues $75,810,471 $76,676,837 $78,206,232 $79,226,054
Gap $866,366 $0 $0 $0
% of Increase 0% 1.40% 3.87% 5.52%
Average R/E Tax Increase 0 $86.44 $244.53 $349.94
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** Budget to level of approved exceptions
EnrollmentEnrollmentGrade
Enrollment March 26, 2011
Projected Enrollment 2011‐12 Change
K 190 223 331 266 231 ‐352 285 274 ‐113 270 291 214 258 282 244 258 282 245 266 261 ‐5
Total Elementary 1535 1562 276 305 277 ‐287 293 311 187 293 311 188 253 300 47
Total Middle School 851 888 37
9 297 254 ‐4310 317 297 ‐2011 292 317 2512 302 292 10
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12 302 292 ‐10Total High School 1208 1160 ‐48Total District 3594 3610 16
*Based on enrollment as of March 2011
Enrollment History and ProjectionsEnrollment History and Projections
Year Elementary Middle School High School Totals
2006‐2007 1,558 882 1,211 3,651
2007‐2008 1,526 857 1,209 3,592
2008 2009 1 569 840 1 231 3 6402008‐2009 1,569 840 1,231 3,640
2009‐2010 1,612 830 1,239 3,681
2010‐2011 1,543 844 1,196 3,583
2011‐2012* 1,562 888 1,160 3,610
* Projected – based on current enrollment & parent inquiries
Overview of Class SizeOverview of Class Size
In 1990 class size recommendations wereIn 1990, class size recommendations were established cooperatively with RTSD and RTEA
• K‐3: Preferably under 20; no higher than 21
• 4‐5: Reasonable avg. of 22; no higher than 24g ; g
• 6‐8: Reasonable avg. of 22; no higher than 25
• 9‐12: Min of 15; avg. 22; no higher than 289 12: Min of 15; avg. 22; no higher than 28
Class SizeClass Size
Grade LevelAvg. Class Size 2008‐2009
Avg. Class Size 2009‐2010
Avg. Class Size 2010‐2011
Kindergarten 17 19.33 18.5
Grade 1 18.5 19.1 19.5
Grade 2 18.7 19 19.33
Grade 3 19.8 19.9 19.6
Grade 4 22 21.9 21.4
Grade 5 20 6 22 2 22 1Grade 5 20.6 22.2 22.1
Grade 6 21.1 20.9 20.5
Grade 7 17.1 21.1 20.6
Grade 8 23.2 18.6 20.8
Grades 9‐12
English 24.8 21.4 22.1gMathScienceSocial Studies
21.416.220.8
21.318.422.2
21.120.124.9
Staffing ChangesStaffing Changes
2008‐ 2009‐ 2010‐ Reduction Percent 2009 2010 2011 over 3 years Reduction
Teachers 330.45 327.55 306.1 24.35 7.4%
Administrators 29 29 27 2 6.9%
RESPA 161 146 130 31 19.25%
Maintenance 20 20 19 1 5.0%
S it 13 13 13 0 0%Security 13 13 13 0 0%
Custodial 33 32 32 1 3.0%
Transportation 66 66 65 1 1.5%
Benefits informationBenefits information
• IBX C1F1O1 3.75% increaseIBX C2F2O1 N P• IBX C2F2O1 New Program
• Keystone 3.75% increase• Caremark 3.75% increase• Delta Dental 3.75% increase• Life Insurance 3.75% increase• Disability Insurance 3.75% increase• Social Security* 7.65%• PSERS 8 65%• PSERS 8.65%• Unemployment Comp 0.5%• Workers Comp 0.71%
*Note: Pa. Social Security subsidy reduced to .15% for staff hired after 7/1/1994
Our Investments Show ResultsOur Investments Show Results
Radnor students demonstrate significant gains in math and
Even after several years of fiscal constraints, our Investment in Excellence shows significant results
reading/English, outscoring Delaware County peers on the PSSAs, SATs and ACTsExcellence shows significant results
• Professional development –administrators, teachers, staff• Performance Plus Suite for
• Only Delco school district to make AYP every year
• Performance Plus Suite for curriculum, assessment and instruction
Thank youThank youThank youThank you