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Lower Merion Board ofSchool DirectorsPROPOSED FI NAL 2019- 20 BUDGET PRESENTATIONApril 29, 2019
Some important highlightsThe District did not file a Preliminary Budget with the state this year.A Preliminary Budget is associated with the request to apply for exceptions which is not part ofthis year’s financial plan. An Initial Budget plan was presented on January 28, 2019.Our use of fund balance to balance the budget will be 1.6 million compared to 3.7 million inthis year’s budget.We are anticipating increased revenue and that is reflected in the budget.We continue to have challenges due to increased enrollment.We continue to plan both for near and long term goals.
2019-20 Budget CycleAct 1 Adopt Resolution certifying millage rate will not exceed 2.3%index Budget Finance Committee Meetings:oOperations Presentation 3/13/19oStudent Services Presentation 4/3/19oStaffing and Information Systems 4/24/19oCurriculum Presentation 5/15/19 Adopt Proposed Final Budget Adopt Final Budget
What Drives the Budget?1. Instructional Programs - maintaining low class size while continuingstudent programsa. Enrollment Growthb. Personnel Costsc. Special Education Mandates2. No/Minimal Increase in State or Federal Funding
District-wide Enrollment Projections K-12Source: Sundance Associates 2018-19 Enrollment Projection Update
PROPOSED FUTURE HOUSING DEVELOPMENTSSource: Montgomery County Planning Commission 2018-19 Enrollment Projection Update
2019-20 PROJECTED PERSONNEL NEEDS DRIVEN BYENROLLMENT GROWTH AND PROGRAMMATIC ENHANCEMENTSELEMENTARYPROFESSIONAL L ESTOTALNon-PUBALL Public SchoolsTOTALPOSITIONFTEIncrease Instructional Support Teacher (IST) FTE to support student needsClassroom Teachers based on projected enrollmentAutistic Support Teacher to support incoming student needsIncrease Instrumental Music Teacher FTEIncrease Math Support Teacher to support student needs/enrollmentEnglish Language Development Teacher to meet student needs0.71.50.50.11.01.04.8Certified School Nurse to support needs in non-public schoolsSpeech Therapist to support growing student needs1.01.02.0
2019-20 PROJECTED PERSONNEL NEEDS DRIVEN BYENROLLMENT GROWTH AND PROGRAMMATIC ENHANCEMENTS (con’t)PROFESSIONAL POSITIONSSCHOOL(S)LEVELMIDDLEBCMSWVMSHIGHALL MSTOTALHHSLMHSALL HSTOTALPOSITIONFTEClassroom Teacher (English) to support teaming modelLearning Support Teacher to support incoming student needsIncrease Spanish Teacher FTE to accommodate studentchoice/enrollmentNOW Classroom Teachers to initiate programAutistic/Emotional Support Teacher to support incoming student needsLatin Teacher to accommodate student choice/enrollment1.01.00.7Increase Spanish Teacher FTE to accommodate studentchoice/enrollmentCommunications Teacher to initiate programLearning Support Teacher to support incoming student needsIncrease Spanish Teacher FTE to accommodate studentchoice/enrollmentIncrease Latin Teacher FTE to accommodate student choice/enrollmentBiology/Chemistry Teacher to accommodate student choice/enrollmentSocial Studies Teacher to accommodate student choice/enrollmentCollege Access Counselor to support growing student enrollment2.01.01.06.70.81.01.00.80.21.01.01.06.8
2019-20 PROJECTED PERSONNEL NEEDS DRIVEN BYENROLLMENT GROWTH AND PROGRAMMATIC ENHANCEMENTS (con’t)SUPPORT/ADMINISTRATIVE STAFF tional Aide to support NOW programInstructional Aide to support Communications programContract/Procurement SpecialistBus DriversInstructional Aides to support growing student needsFTE1.01.01.01.01.03.03.07.0
2019-20Budget HighlightsUncertain Issues Current and Future tax revenues State Budget – Governor presented theCommonwealth Budget in February Pending Budget Litigation
Where the Money Comes FromFund Balance 0.59%Federal 0.56%
Anticipated RevenueDescriptionFund Balance Funds Designated as a RevenueLocal SourcesCurrent Real Estate TaxesInterim Real Estate TaxesPublic Utility Realty TaxLocal Services TaxRealty Transfer TaxesDelinquent Real Estate TaxesInterest IncomeTuition - Summer ProgramsIU Federal FundsMisc. Other Local SourcesTotal Local SourcesBudget2018-19Proposed 0228,737,074235,065,390
Anticipated Revenue (cont'd)State SourcesBasic Education Funding SubsidySpecial Education SubsidyTransportation SubsidyRevenue for Social Security PaymentRevenue for RetirementState Property Tax Reduction AllocationHealth Services SubsidiesRental & Sinking Fund ReimbursementMisc. Other State SubsidiesTotal State SourcesFederal SourcesTotal RevenueTotal Revenue and Designated Fund BalanceBudget2018-19Proposed ,198,757287,859,549273,349,208274,973,196
How Does The MoneySupport Our Children?INSTRUCTIONAL SVCS 66.59%Regular EducationSpecial EducationVocational EducationSummer ProgramsStudent ServicesGuidance ServicesPsychological ServicesCurriculum DevelopmentStaff DevelopmentLibrary ServicesTechnology ServicesNON-INSTRUCTIONAL SVCS 2.12%AthleticsStudent ActivitiesDEBT SERVICE 9.40%OTHER FINANCING USES 1.90%SUPPORT SERVICES 19.99%Board ServicesTax CollectionAdministrationLegal ServicesMaintenance & OperationsPublic and Non-Public Transportation
sed 9,549280,076,847- Purchased Prof essional and Technical Svcs (IU services,consultants, etc)- Purchased Property Svcs (utilities, repair w ork, leases etc)- Other Purchased Svcs (tuition payments to charters,special ed, vo-tech, general insurance, contracted transportation)- Supplies (general supplies, books, sof tw are licenses, f uel, etc)- Property (equipment)- Other Objects (debt service payments)Budget ReserveTax Monies required to balance the BudgetBudgeted Mill ValueAdditional Increase in Mills RequiredTotal MillsMills IncreaseBudget Expenditure .40882.30%-2.70%
Real Estate Tax Change 250,680Median Household Assessment*2018-19 Real Estate Tax mill rate28.7477Face amount of 2018-19 Real Estate Tax2019-20 Real Estate Tax mill rate7,20629.4088Face amount of 2019-20 Real Estate Tax7,372Tax Increase*Median household assessments provided by Montgomery Co. Board of Assessments 166
Financial Impact of Millage UncertaintyCurrent Unassigned Fund BalanceSegregated for Litigation (for 4 years)Available Unassigned Fund Balance 20,000,00016,000,000 4,000,000For each year that we don’t have resolution to budget litigation, we segregate 4 million. If the District does not prevail, it would cause a drastic reduction infund balance which would have a negative impact on our credit rating.
Budget Calendar - 2019Finance Committee Meetings - Presentations on the following departments budget:March 13 - Operations including Facilities and TransportationApril 3 - Student Services including Gifted and TalentedApril 24 - Staffing and TechnologyMay 15 - Curriculum and InstructionApril 29 - Proposed Final Budget ApprovalMay 20 - Public Inspection Deadline of Proposed Final BudgetMay - Superintendent presentation to Federations (date to be determined)May 26 - Public Notice of Intent to adopt 2019-20 BudgetJune 10 - Final Budget Approval/Adoption
Lower Merion School District:A Public School SystemIndependent schools implement a stringent vetting processdesigned to ensure that students entering will be successful.Public schools encourage all students – no matter where theyare from , no matter their skills in language or mathematics, nomatter their religion or beliefs and strive to provide a superioreducation – and we represent what has been a crown jewel inour republic – a public education.
Instructional Support Teacher (IST) FTE to support student needs 0.7 CY/GL/MRES . . Salaries 129,832,743 ; 132,268,403 ; Benefits ; 80,700,668 : Other . Lower Merion School District: A Public School System : Independent schools implement a stringent vetting process
