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General Fund Budget Approval
Date of Adoption of the General Fund Budget:
President of the Board - Original Signature Required Date
Secretary of the Board - Original Signature Required Date
Chief School Administrator - Original Signature Required Date
Contact Person Telephone Extension
Email Address
Zorian Dubenko (215)885-3722 Extn :115
Printed 5/21/2020 1:48:34 PM
LEA Name : 123463803 MontgomeryJenkintown SD County :AUN Number :Class : 4
FINAL GENERAL FUND BUDGETFiscal Year 2020-2021
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No school district shall approve an increase in real property taxes unless it has adopted a budget that includes an estimated, ending unreserved undesignated fund balance (unassigned) less than or equal to the specified percentage of its total budgeted expenditures:
Did you raise property taxes in SY 2020-2021 (compared to 2019-2020 )? Yes
If yes, see information below, taken from the 2020-2021 General Fund Budget.
No
x
The Estimated Ending Unassigned Fund Balance is within the allowable limits. Yes
No
x
I hereby certify that the above information is accurate and complete.
SIGNATURE OF SUPERINTENDENT DATE
2020
Total Budgeted Expenditures Fund Balance % Limit(less than or equal to)
Less Than or Equal to $11,999,999 12.0%
Between $12,000,000 and $12,999,999 11.5%
Between $13,000,000 and $13,999,999 11.0%
Between $14,000,000 and $14,999,999 10.5%
Between $15,000,000 and $15,999,999 10.0%
Between $16,000,000 and $16,999,999 9.5%
Between $17,000,000 and $17,999,999 9.0%
Between $18,000,000 and $18,999,999 8.5%
Greater Than or Equal to $19,000,000 8.0%
Total Budgeted Expenditures $17114842
Ending Unassigned Fund Balance $647440
Ending Unassigned Fund Balance as a percentage(%) of Total Budgeted Expenditures
3.8%
DUE DATE: AUGUST 15,
SCHOOL DISTRICT :
123463803 MontgomeryJenkintown SD
COUNTY : AUN :
Printed 5/21/2020 1:48:35 PM
CERTIFICATION OF ESTIMATED ENDING FUND BALANCEFROM 2020-2021 GENERAL FUND BUDGET
24 PS 6-688
(10/2010)
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Val Number Description Justification
2020-2021 Final General Fund Budget Validations
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LEA : 123463803 Jenkintown SD
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ITEM AMOUNTS
Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year
0810 Nonspendable Fund Balance
0820 Restricted Fund Balance
0830 Committed Fund Balance
0840 Assigned Fund Balance 600,000
0850 Unassigned Fund Balance 200,000
Total Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year $800,000
Estimated Revenues And Other Financing Sources
6000 Revenue from Local Sources 13,267,272
7000 Revenue from State Sources 3,534,010
8000 Revenue from Federal Sources 161,000
9000 Other Financing Sources
Total Estimated Revenues And Other Financing Sources $16,962,282
Total Estimated Fund Balance, Revenues, and Other Financing Sources Available for Appropriation $17,762,282
2020-2021 Final General Fund Budget Estimated Revenues and Other Financing Sources: Budget Summary
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LEA : 123463803 Jenkintown SD
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Amount
REVENUE FROM LOCAL SOURCES6111 Current Real Estate Taxes 11,433,772
6112 Interim Real Estate Taxes 1,000
6113 Public Utility Realty Taxes 11,000
6140 Current Act 511 Taxes - Flat Rate Assessments 21,000
6150 Current Act 511 Taxes - Proportional Assessments 1,321,500
6400 Delinquencies on Taxes Levied / Assessed by the LEA 195,000
6500 Earnings on Investments 45,000
6800 Revenues from Intermediary Sources / Pass-Through Funds 114,000
6910 Rentals 10,000
6920 Contributions and Donations from Private Sources 15,000
6940 Tuition from Patrons 20,000
6970 Services Provided Other Funds 5,000
6990 Refunds and Other Miscellaneous Revenue 75,000
REVENUE FROM LOCAL SOURCES $13,267,272
REVENUE FROM STATE SOURCES7111 Basic Education Funding-Formula 918,000
7112 Basic Education Funding-Social Security 288,444
7271 Special Education funds for School-Aged Pupils 294,000
7311 Pupil Transportation Subsidy 2,000
7330 Health Services (Medical, Dental, Nurse, Act 25) 12,000
7340 State Property Tax Reduction Allocation 588,455
7501 PA Accountability Grants 23,471
7599 Other State Revenue Not Listed Elsewhere in the 7000 Series 66,672
7820 State Share of Retirement Contributions 1,340,968
REVENUE FROM STATE SOURCES $3,534,010
REVENUE FROM FEDERAL SOURCES8514 NCLB, Title I - Improving the Academic Achievement of the Disadvantaged
80,000
8519 NCLB, Title VI - Flexibility and Accountability 30,000
8560 Federal Block Grants 1,000
8580 Child Care and Development Block Grants 50,000
REVENUE FROM FEDERAL SOURCES $161,000
TOTAL ESTIMATED REVENUES AND OTHER SOURCES 16,962,282
2020-2021 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail
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Act 1 Index (current): 2.6%
Calculation Method: Rate
Approx. Tax Revenue from RE Taxes: $11,433,772
Amount of Tax Relief for Homestead Exclusions $588,455
Total Approx. Tax Revenue: $12,022,227
Approx. Tax Levy for Tax Rate Calculation: $12,424,658
Montgomery Total
I.
2019-20 Data
a. Assessed Value $285,840,699 $285,840,699
b. Real Estate Mills 42.2143
2020-21 Data
c. 2018 STEB Market Value $449,613,994 $449,613,994
d. Assessed Value $286,915,099 $286,915,099
e. Assessed Value of New Constr/ Renov $0 $0
II.
2019-20 Calculations
f. 2019-20 Tax Levy $12,066,565 $12,066,565
(a * b)
2020-21 Calculations
g. Percent of Total Market Value 100.00000% 100.00000%
h. Rebalanced 2019-20 Tax Levy $12,066,565 $12,066,565
(f Total * g)
i. Base Mills Subject to Index 42.2143
(h / a * 1000) if no reassessment
(h / (d-e) * 1000) if reassessment
III.
Calculation of Tax Rates and Levies Generated
j. Weighted Avg. Collection Percentage 96.60000% 96.60000%
k. Tax Levy Needed $12,424,658 $12,424,658
(Approx. Tax Levy * g)
l. 2020-21 Real Estate Tax Rate 43.3043
(k / d * 1000)
m. Tax Levy Generated by Mills $12,424,658 $12,424,658
(l / 1000 * d)
n. Tax Levy minus Tax Relief for Homestead Exclusions $11,836,203
(m - Amount of Tax Relief for Homestead Exclusions)
o. Net Tax Revenue Generated By Mills $11,433,772
(n * Est. Pct. Collection)
2020-2021 Final General Fund Budget Real Estate Tax Rate (RETR) Report
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AUN: 123463803 Jenkintown SD
Printed 5/21/2020 1:48:39 PM
Multi-County Rebalancing Based on Methodology of Section 672.1 of School Code
Page 7
Act 1 Index (current): 2.6%
Calculation Method: Rate
Approx. Tax Revenue from RE Taxes: $11,433,772
Amount of Tax Relief for Homestead Exclusions $588,455
Total Approx. Tax Revenue: $12,022,227
Approx. Tax Levy for Tax Rate Calculation: $12,424,658
Montgomery Total
IV.
Index Maximums
p. Maximum Mills Based On Index 43.3118
(i * (1 + Index))
q. Mills In Excess of Index 0.0000
(if (l > p), (l - p))
r. Maximum Tax Levy Based On Index $12,426,809 $12,426,809
(p / 1000 * d)
s. Millage Rate within Index? Yes
(If l > p Then No)
t. Tax Levy In Excess of Index $0 $0
(if (m > r), (m - r))
u.Tax Revenue In Excess of Index $0 $0
(t * Est. Pct. Collection)
V.
Information Related to Property Tax Relief
Assessed Value Exclusion per Homestead $12,198.00
Number of Homestead/Farmstead Properties 1114 1114
Median Assessed Value of Homestead Properties $124,660
2020-2021 Final General Fund Budget Real Estate Tax Rate (RETR) Report
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AUN: 123463803 Jenkintown SD
Printed 5/21/2020 1:48:39 PM
Multi-County Rebalancing Based on Methodology of Section 672.1 of School Code
Page 8
Act 1 Index (current): 2.6%
Calculation Method: Rate
Approx. Tax Revenue from RE Taxes: $11,433,772
Amount of Tax Relief for Homestead Exclusions $588,455
Total Approx. Tax Revenue: $12,022,227
Approx. Tax Levy for Tax Rate Calculation: $12,424,658
Montgomery Total
State Property Tax Reduction Allocation used for: Homestead Exclusions $588,455 Lowering RE Tax Rate $0 $588,455
Prior Year State Property Tax Reduction Allocation used for: Homestead Exclusions $0 $0
Amount of Tax Relief from State/Local Sources $588,455
2020-2021 Final General Fund Budget Real Estate Tax Rate (RETR) Report
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AUN: 123463803 Jenkintown SD
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Multi-County Rebalancing Based on Methodology of Section 672.1 of School Code
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CODE
6111 Current Real Estate Taxes Amount of Tax Relief forHomestead Exclusions
Tax Levy Minus HomesteadExclusions
Net Tax RevenueGenerated By MillsCounty Name Taxable Assessed Value Real Estate Mills Tax Levy Generated by Mills Percent Collected
Montgomery 286,915,099 43.3043 12,424,658 96.60000%
Totals: 286,915,099 12,424,658 - 588,455 = 11,836,203 X 96.60000% = 11,433,772
Rate Estimated Revenue
6120 Current Per Capita Taxes, Section 679 $0.00 0
6140 Current Act 511 Taxes – Flat Rate Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue
6141 Current Act 511 Per Capita Taxes $0.00 $0.00 0 0
6142 Current Act 511 Occupation Taxes – Flat Rate $0.00 $0.00 0 0
6143 Current Act 511 Local Services Taxes $10.00 $0.00 21,000 21,000
6144 Current Act 511 Trailer Taxes $0.00 $0.00 0 0
6145 Current Act 511 Business Privilege Taxes – Flat Rate $0.00 $0.00 0 0
6146 Current Act 511 Mechanical Device Taxes – Flat Rate $0.00 $0.00 0 0
6149 Current Act 511 Taxes, Other Flat Rate Assessments $0.00 $0.00 0 0
Total Current Act 511 Taxes – Flat Rate Assessments 21,000 21,0006150 Current Act 511 Taxes – Proportional Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue
6151 Current Act 511 Earned Income Taxes 1.000% 0.000% 1,120,500 1,120,500
6152 Current Act 511 Occupation Taxes 0.000 0.000 0 0
6153 Current Act 511 Real Estate Transfer Taxes 0.500% 0.000% 110,000 110,000
6154 Current Act 511 Amusement Taxes 0.000% 0.000% 0 0
6155 Current Act 511 Business Privilege Taxes 0.000 0.000 0 0
6156 Current Act 511 Mechanical Device Taxes – Percentage 0.000% 0.000% 0 0
6157 Current Act 511 Mercantile Taxes 0.5000 0.000 91,000 91,000
6159 Current Act 511 Taxes, Other Proportional Assessments 0 0 0 0
Total Current Act 511 Taxes – Proportional Assessments 1,321,500 1,321,500
Total Act 511, Current Taxes 1,342,500
Act 511 Tax Limit --> 449,613,994 X 12 5,395,368
Market Value Mills (511 Limit)
2020-2021 Final General Fund Budget Local Education Agency Tax Data
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REAL ESTATE, PER CAPITA (SEC. 679), EIT/PIT (ACT 1), LOCAL ENABLING (ACT 511)
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Tax Functio
nDescription
Tax Rate Charged in:Percent
Change inRate
Less thanor equal to
IndexIndex
Additional Tax Rate Charged in: Percent
Change inRate
Less thanor equal to
Index2019-20(Rebalanced)
2020-21 2019-20(Rebalanced)
2020-21
6111 Current Real Estate Taxes
Montgomery 42.2143 43.3043 2.59% Yes 2.6%
Current Act 511 Taxes – Flat Rate Assessments
6143 Current Act 511 Local Services Taxes $10.00 $10.00 0.00% Yes 2.6%
Current Act 511 Taxes – Proportional Assessments
6151 Current Act 511 Earned Income Taxes 1.000% 1.000% 0.00% Yes 2.6%
6153 Current Act 511 Real Estate Transfer Taxes 0.500% 0.500% 0.00% Yes 2.6%
6157 Current Act 511 Mercantile Taxes 0.5000 0.5000 0.00% Yes 2.6%
2020-2021 Final General Fund Budget Comparison of Tax Rate Changes to Index
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Description Amount
1000 Instruction
1100 Regular Programs - Elementary / Secondary 7,820,9681200 Special Programs - Elementary / Secondary 2,428,3351300 Vocational Education 219,5151400 Other Instructional Programs - Elementary / Secondary 13,310
Total Instruction $10,482,128
2000 Support Services
2100 Support Services - Students 1,031,3782200 Support Services - Instructional Staff 314,0602300 Support Services - Administration 1,301,7472400 Support Services - Pupil Health 172,2752500 Support Services - Business 353,8352600 Operation and Maintenance of Plant Services 1,077,8802700 Student Transportation Services 240,0002800 Support Services - Central 444,3612900 Other Support Services 9,500
Total Support Services $4,945,036
3000 Operation of Non-Instructional Services
3200 Student Activities 181,0373300 Community Services 38,500
Total Operation of Non-Instructional Services $219,537
5000 Other Expenditures and Financing Uses
5100 Debt Service / Other Expenditures and Financing Uses 1,388,1415200 Interfund Transfers - Out 80,000
Total Other Expenditures and Financing Uses $1,468,141
Total Estimated Expenditures and Other Financing Uses $17,114,842
2020-2021 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Budget Summary
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Description Amount
1000 Instruction
1100 Regular Programs - Elementary / Secondary100 Personnel Services - Salaries 4,671,854200 Personnel Services - Employee Benefits 2,646,957300 Purchased Professional and Technical Services 74,260400 Purchased Property Services 69,342500 Other Purchased Services 156,995600 Supplies 146,910700 Property 32,995800 Other Objects 21,655
Total Regular Programs - Elementary / Secondary $7,820,968
1200 Special Programs - Elementary / Secondary100 Personnel Services - Salaries 1,084,166200 Personnel Services - Employee Benefits 700,594300 Purchased Professional and Technical Services 16,000500 Other Purchased Services 612,500600 Supplies 13,800700 Property 1,275
Total Special Programs - Elementary / Secondary $2,428,335
1300 Vocational Education300 Purchased Professional and Technical Services 219,515
Total Vocational Education $219,515
1400 Other Instructional Programs - Elementary / Secondary100 Personnel Services - Salaries 3,000200 Personnel Services - Employee Benefits 810500 Other Purchased Services 9,500
Total Other Instructional Programs - Elementary / Secondary $13,310
Total Instruction $10,482,128
2000 Support Services
2100 Support Services - Students100 Personnel Services - Salaries 660,863200 Personnel Services - Employee Benefits 358,315300 Purchased Professional and Technical Services 2,000600 Supplies 7,000700 Property 800800 Other Objects 2,400
Total Support Services - Students $1,031,378
2200 Support Services - Instructional Staff100 Personnel Services - Salaries 174,892200 Personnel Services - Employee Benefits 108,068300 Purchased Professional and Technical Services 4,000500 Other Purchased Services 15,000600 Supplies 12,100
2020-2021 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail
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Description Amount
Total Support Services - Instructional Staff $314,060
2300 Support Services - Administration100 Personnel Services - Salaries 703,200200 Personnel Services - Employee Benefits 388,662300 Purchased Professional and Technical Services 137,200500 Other Purchased Services 51,900600 Supplies 7,500700 Property 2,050800 Other Objects 11,235
Total Support Services - Administration $1,301,747
2400 Support Services - Pupil Health100 Personnel Services - Salaries 75,564200 Personnel Services - Employee Benefits 48,998300 Purchased Professional and Technical Services 43,513600 Supplies 3,200700 Property 1,000
Total Support Services - Pupil Health $172,275
2500 Support Services - Business100 Personnel Services - Salaries 175,146200 Personnel Services - Employee Benefits 102,243300 Purchased Professional and Technical Services 59,746500 Other Purchased Services 13,000700 Property 1,200800 Other Objects 2,500
Total Support Services - Business $353,835
2600 Operation and Maintenance of Plant Services100 Personnel Services - Salaries 39,350200 Personnel Services - Employee Benefits 20,008300 Purchased Professional and Technical Services 62,550400 Purchased Property Services 849,722500 Other Purchased Services 450600 Supplies 100,000700 Property 5,400800 Other Objects 400
Total Operation and Maintenance of Plant Services $1,077,880
2700 Student Transportation Services500 Other Purchased Services 240,000
Total Student Transportation Services $240,000
2800 Support Services - Central100 Personnel Services - Salaries 299,057200 Personnel Services - Employee Benefits 145,304
Total Support Services - Central $444,361
2900 Other Support Services300 Purchased Professional and Technical Services 9,500
2020-2021 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail
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Description Amount
Total Other Support Services $9,500
Total Support Services $4,945,036
3000 Operation of Non-Instructional Services
3200 Student Activities100 Personnel Services - Salaries 69,990200 Personnel Services - Employee Benefits 48,847300 Purchased Professional and Technical Services 2,500500 Other Purchased Services 54,700600 Supplies 5,000
Total Student Activities $181,037
3300 Community Services100 Personnel Services - Salaries 14,000200 Personnel Services - Employee Benefits 5,400400 Purchased Property Services 500500 Other Purchased Services 17,000600 Supplies 1,600
Total Community Services $38,500
Total Operation of Non-Instructional Services $219,537
5000 Other Expenditures and Financing Uses
5100 Debt Service / Other Expenditures and Financing Uses800 Other Objects 681,789900 Other Uses of Funds 706,352
Total Debt Service / Other Expenditures and Financing Uses $1,388,141
5200 Interfund Transfers - Out900 Other Uses of Funds 80,000
Total Interfund Transfers - Out $80,000
Total Other Expenditures and Financing Uses $1,468,141
TOTAL EXPENDITURES $17,114,842
2020-2021 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail
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Account Description Amounts
0810 Nonspendable Fund Balance
0820 Restricted Fund Balance
0830 Committed Fund Balance
0840 Assigned Fund Balance
0850 Unassigned Fund Balance 647,440
Total Ending Fund Balance - Committed, Assigned, and Unassigned $647,440
5900 Budgetary Reserve
Total Estimated Ending Committed, Assigned, and Unassigned Fund Balance and Budgetary Reserve $647,440
2020-2021 Final General Fund Budget Fund Balance Summary (FBS)
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