Norristown Area School District€¦ · · 2017-06-16• Charter School Reform ... ENMS ESTLA Stewart Field Hockey 1 Team 1 Team 1 Team ... Norristown Area School District 2017-18

Norristown Area School District

June 12, 2017

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2017-18 EXPENSE OVERVIEW CATAPULT PROGRAM AT ROOSEVELT

BRIEF ATHLETIC PROGRAM UPDATE

2017-18 UPDATED STAFFING RECOMMENDATIONS


2017-18 Budget

2017-18 REVENUE OVERVIEW

POTENTIAL SALE OF DELIQUENT TAX RECEIVABLES

TAXPAYER IMPACT / NEXT STEPS4

2017-18 PRIORITIES

2017-18 BUDGET PRIORITIES / RECOMMENDATIONS


2017-18 Budget

Maintain full-day kindergarten program; Including maintaining Musselman

Learning Center as a kindergarten center

Providing adequate instructional materials & textbooks

Maintain strong range of music, arts, and foreign languages courses

Maintain manageable class sizes

Maintain adequate staffing to support growing ELL student population

Maintain adequate staffing to support our Special Education programming

Maintain School Resource Officers

Adequately plan for facilities management, maintenance, repairs, and facility

upgrades.

FROM

JANUARY 2017

2017-18 BUDGET PRIORITIES / RECOMMENDATIONS


2017-18 Budget

Maintain full-day kindergarten program; Including maintaining Musselman

Learning Center as a kindergarten center

Providing adequate instructional materials & textbooks

Maintain strong range of music, arts, and foreign languages courses

Maintain manageable class sizes

Maintain adequate staffing to support growing ELL student population

Maintain adequate staffing to support our Special Education programming

Maintain School Resource Officers

Adequately plan for facilities management, maintenance, repairs, and facility

upgrades.

ALTHOUGH WE ARE RECOMMENDING AN EXTENSIVE SERIES OF

COST CONTAINMENT STRATEGIES

OUR 2017-18 PROPOSED FINAL BUDGET

STILL SUPPORTS THESE PRIORITIES

STILL ALLOWS US TO MAINTAIN AND PROVIDE OUR CORE

PROGRAMS WITH FIDELITY

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Norristown Area School District2017-18 Budget

2017-18 REVENUE OVERVIEW STATE/FEDERAL BUDGET UPDATE

POTENTIAL SALE OF DELIQUENT TAX RECEIVABLES

2017-18 PROJECTED REVENUE

72%

24%

4%

Local State Federal

2017-18 REVENUE OVERVIEW

2017-18 PROJECTED REVENUE

72%

24%

4%

Local State Federal

STATE BUDGET STILL BEING

NEGOTIATED

NO SIGNIFICANT NEW DOLLARS

EXPECTED

CONCERNS SURROUND POTENTIAL

BUDGET IMPASSE

72%

24%

4%

Local State Federal


NEGOTIATED


EXPECTED


BUDGET IMPASSE

FEDERAL ALLOCATIONS STILL NOT

AVAILABLE FROM PDE


EXPECTED


LOSS OF PROGRAM REVENUE

72%

24%

4%

Local State Federal


NEGOTIATED


EXPECTED


BUDGET IMPASSE

FEDERAL ALLOCATIONS STILL NOT

AVAILABLE FROM PDE


EXPECTED


LOSS OF PROGRAM REVENUE

AS A RESULT, @ 28% OF OUR PROJECTED REVENUE

($42 MILLION) IS STILL UNCERTAIN @ 6/12/2017

HOWEVER, NASD MUST STILL ADOPT

OUR 2017-18 BUDGET BY JUNE 30, 2017

STATE BUDGET UPDATE• Pension reform – primary focus over the past few weeks

• Assessment appeal legislation – also hot topic

– House Bill 1213 - would restrict NASD’s ability to challenge property assessments

– Expected to be a legislative focus again shortly

• Charter School Reform – unlikely for 2017-18 ?

• Budget negotiations not advancing quickly – unlikely to be finalized prior to the

adoption of our 2017-18 Final Budget (June 26, 2017)

– Commonwealth budget deficit projected at $ 3 billion

– New revenue sources needed:

• Expanded gambling?

• Online gambling - legalized fantasy and sports betting ?

• Video gambling in bars?

• Airport gambling ?

PSERS UPDATE

• Pension reform

– Primary focus over the past few weeks

– Bill has been approved - Governor Wolf signature expected on June 12

– Important step in addressing PSERS Crisis

• Significantly reduces retirement benefits for staff hired after July 1, 2019

• Options include: 401k-style plan or hybrid retirement plan

• Minimal impact on current staff

PSERS UPDATE

• Pension reform

– Primary focus over the past few weeks

– Bill has been approved - Governor Wolf signature expected on June 12

– Important step in addressing PSERS Crisis

• Significantly reduces retirement benefits for staff hired after July 1, 2019

• Options include: 401k-style plan or hybrid retirement plan

• Minimal impact on current staff

– Does not produce immediate relief to address unfunded liability ($62 billion)

– Does not result in short-term relief for public school districts

• Employer contribution rates expected to remain above 30% for the next

few years

• Employer costs are actually projected to rise even higher in the short-

term than previously expected

FEDERAL BUDGET UPDATE (Proposed Cuts Include):


U.S. Dept of Agriculture (USDA)

2017-18 Fresh Fruits & Vegetables Allocation

Not Available Yet


U.S. Dept of Health & Human Services

American Healthcare Act proposed to repeal/

replace Affordable Care Act

Includes cuts to Medicaid funding which

could significantly reduce funding to

schools under the School Based Access

Program


US Dept of Education

2017-18 Title I, II-A, III, IV, and IDEA

allocations still not available!

Cuts directed at IDEA & Title I

Title II and IV to be eliminated

Priorities: Improving School Choice &

Charter School Expansion

• Historical data provided in early May

At that time, we did not recommend selling tax liens to

mitigate the projected 2016-17 deficit

But – additional data, including transaction pricing, was

needed to finalizing a recommendation about selling tax liens

as a strategy to help close the 2017-18 budget shortfall

SALE OF DELINQUENT TAX RECEIVABLES








NASD RE Taxes Outstanding @ 5/10/17

(Principal & Interest)

$ 5,428,074

Estimated Purchase Price $ 2,800,000

= 52%

52 Cents Per Dollar








NASD RE Taxes Outstanding @ 5/10/17

(Principal & Interest)

$ 5,428,074

Estimated Purchase Price $ 2,800,000

= 52%

52 Cents Per DollarLower than anticipated


PROS

Generates Cash Flow

Seamless to Taxpayer

(Tax Claim Bureau remains local collector and

point of contact)

Purchaser pays the 6% cost


PROS CONS

Generates Cash Flow 52% Discount Rate



point of contact)

Agreement of sale includes a

mandatory buy-back provision

Purchaser pays the 6% cost Vendor preference is for 3 year

agreement


PROS CONS

Generates Cash Flow 52% Discount Rate



point of contact)

Agreement of sale includes a

mandatory buy-back provision

Purchaser pays the 6% cost Vendor preference is for 3 year

agreement

RECOMMENDATION (6/12/17) – DO NOT MOVE FORWARD WITH SALE

OF DELINQUENT TAX RECEIVABLES AS A WAY TO ADDRESS 2017-18

BUDGET SHORTFALL

HOWEVER – KEEP THIS STRATEGY IN MIND AS WE MOVE FORWARD –

PARTICULARLY IF A STATE BUDGET IMPASSE OCCURS

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2017-18 EXPENSE OVERVIEW CATAPULT PROGRAM AT ROOSEVELT

BRIEF ATHLETIC PROGRAM UPDATE

2017-18 UPDATED RECOMMENDATIONS

• For many months now, the Administration has been exploring an alternative

use for space at Roosevelt

• Exploring partnership with Catapult Learning

– On-site alternative school provider

– Cost effective program designed to better serve the needs of some of our

Emotional Support students

• Estimated 2017-18 savings (tuition & transportation) of $350k was shared in

May and was included in “Proposed Final Budget”

– Due diligence has been underway;

• Vetting students, facility needs, transportation options, etc.

• Legal team reviewing contract details

• Legal / Logistical challenges necessitate delaying implementation

CATAPULT PROGRAM @ ROOSEVELT

• For many months now, the Administration has been exploring an alternative

use for space at Roosevelt

• Exploring partnership with Catapult Learning

– On-site alternative school provider

– Cost effective program designed to better serve the needs of some of our

Emotional Support students

• Estimated 2017-18 savings (tuition & transportation) of $350k was shared in

May and was included in “Proposed Final Budget”

– Due diligence has been underway;

• Vetting students, facility needs, transportation options, etc.

• Legal team reviewing contract details

• Legal / Logistical challenges necessitate delaying implementation

CATAPULT PROGRAM @ ROOSEVELT

Original goal - September 2017 program implementation

Updated goal - January 2018 program implementation

• As shared earlier this spring, expanding interest in our athletic program and

enhancing skill level of student-athletes at our middle schools is important to

the future of our program

• Athletic Director & Middle School Athletic Coordinators developed a cost-

neutral proposal to address these goals

ATHLETIC PROGRAM UPDATE

• As shared earlier this spring, expanding interest in our athletic program and

enhancing skill level of student-athletes at our middle schools is important to

the future of our program

• Athletic Director & Middle School Athletic Coordinators developed a cost-

neutral proposal to address these goals

• Proposal includes:

– Reorganizing field hockey, boys soccer, girls soccer, girls volleyball, girls

basketball, boys basketball, baseball, softball, and girls lacrosse

– Football, wrestling, track remain as-is

– Developmental (5th – 6th – 7th intramural) squads introduced for several sports


CURRENT MIDDLE SCHOOL

OPPORTUNITIES

ENMS ESTLA Stewart

Field Hockey 1 Team 1 Team 1 Team

Football - 8th

Grade

1 Team 1 Team 1 Team

Football - 7th

Grade

All 3 Schools Combine - 1 Team

Boys Soccer 1 Team 1 Team 1 Team

Girls Soccer 1 Team 1 Team 1 Team

Girls Volleyball 1 Team 1 Team 1 Team

Boys Basketball 1 Team 1 Team 1 Team

Girls Basketball 1 Team 1 Team 1 Team

Wrestling All 3 Schools Combine - 1 Team

Baseball 1 Team 1 Team 1 Team

Softball 1 Team 1 Team 1 Team

Girls Lacrosse 1 Team 1 Team 1 Team

Boys/Girls Track All 3 Schools Combine - 1 Team

CURRENT MIDDLE SCHOOL

OPPORTUNITIES

ENMS ESTLA Stewart

Field Hockey 1 Team 1 Team 1 Team

Football - 8th Gr 1 Team 1 Team 1 Team

Football - 7th Gr All 3 Schools Combine - 1 Team

Boys Soccer 1 Team 1 Team 1 Team

Girls Soccer 1 Team 1 Team 1 Team

Girls Volleyball 1 Team 1 Team 1 Team

Boys Basketball 1 Team 1 Team 1 Team

Girls Basketball 1 Team 1 Team 1 Team


Baseball 1 Team 1 Team 1 Team

Softball 1 Team 1 Team 1 Team

Girls Lacrosse 1 Team 1 Team 1 Team


ENMS ESTLA Stewart

Field Hockey 2 Teams

1 Dev Squad

2 Combined Teams

(ESTLA & Stewart 7th/8th

grades will combine for 2

competitive teams )

Each Bldg - 1 Dev Squad

Football - 8th Gr 1 Team 1 Team 1 Team

Football - 7th Gr All 3 Schools Combine - 1 Team

Boys Soccer 2 Teams

1 Dev Squad

2 Combined Teams


Girls Soccer 2 Teams

1 Dev Squad

2 Combined Teams


Girls Volleyball 2 Teams 2 Combined Teams

Boys Basketball 2 Teams 2 Teams 2 Teams

Girls Basketball 2 Teams 2 Teams 2 Teams


Baseball 2 Teams

1 Dev Squad

2 Combined Teams


Softball 2 Teams

1 Dev Squad

2 Combined Teams


Girls Lacrosse 2 Teams

1 Dev Squad

2 Combined Teams



Tennis –Boys/Girls

(NEW)

All 3 Schools Combine – 1 Dev Squad

PROPOSED MIDDLE

SCHOOL OPPORTUNITIES

• Plan supported by Middle School Athletic Coordinators

• Net cost of middle school program restructuring @ $ 13k

• Propose suspending NAHS Boys Lacrosse Program for 2017-18 with budgeted

dollars reallocated to fund middle school restructuring plan

• Low participation

• Current concerns @ skill level/safety issues


• Plan supported by Middle School Athletic Coordinators

• Net cost of middle school program restructuring @ $ 13k

• Propose suspending NAHS Boys Lacrosse Program for 2017-18 with budgeted

dollars reallocated to fund middle school restructuring plan

• Low participation

• Current concerns @ skill level/safety issues


RECOMMENDATION (6/12/17) – REALLOCATE FUNDS FOR NAHS BOYS LACROSSE

PROGRAM TO SUPPORT MIDDLE SCHOOL RESTRUCTURING

AS A RESULT OF THIS ACTION, OUR MIDDLE SCHOOL ATHLETIC PROGRAM CAN

BE ENHANCED IN A COST-NEUTRAL MANNER

2017-18 UPDATED STAFFING RECOMMENDATIONS

LOCATION JANUARY 2017

PROJECTION

MARCH 2017

UPDATE

MAY 1, 2017

UDPATE

MAY 8, 2017

UPDATE

JUNE 12, 2017

UPDATE

C Manor 1 Reg Ed Teacher

Needed

1 Reg Ed Teacher

Needed

No new staff needed No new staff needed

NO CHANGES

ENMS 1 Less Reg Ed

Teacher

Needed

1 Less Reg Ed

Teacher

Needed

1 Less Reg Ed

Teacher

Needed

4 Less Reg Ed

Teachers

Needed (Specifics TBD)

Stewart 1 Reg Ed Teacher

Needed

1 Reg Ed Teacher

Needed

1 Reg Ed Teacher

Needed

1 Reg Ed Teacher

Needed

ESTLA 1 Reg Ed Teacher

Needed

1 Reg Ed Teacher

Needed

1 Reg Ed Teacher

Needed

No new staff needed

NAHS 7.5 Less Teaching

Positions Needed

(New

Roster/Schedule

Under Review)

7.5 Less Teaching

Positions Needed

(New

Roster/Schedule

Under Review)

11 Less Teaching

Positions Needed

(New

Roster/Schedule

Under Review)

11 Less Teaching

Positions Needed

(New Roster/Schedule

Finalized)

2.5 Science – 2.5 Math-

2 English – 2 Soc Stud

1 Spec Ed – 1 FCS

11 Less Teaching

Positions

Needed

Updated position

breakdown:2 Science – 2 Math -

2 English – 3 Soc

Stud – 1 Spec Ed – 1

FCS

NEW -

6/12/17Regular Education Paraprofessionals

- As current FT staff resign/retire, they will be replaced with PT staff

STAFFING RECOMMENDATIONS – REGULAR EDUCATION

STAFFING RECOMMENDATIONS – REGULAR EDUCATION


PROJECTION

MARCH 2017

UPDATE

MAY 1, 2017

UDPATE

MAY 8, 2017

UPDATE

JUNE 12, 2017

UPDATE

Paras

(District-wide)

N/A N/A Elimination of 1 PT

position (via

attrition)

Elimination of 1

PT position (via

attrition)

NO CHANGESDistrict-wide

Instructional

Support

Teachers

N/A N/A N/A Reduction of 4

IST positions

(ENMS –

Stewart – 2

Elem positions

TBD)


PROJECTION

MARCH 2017

UPDATE

MAY 1, 2017

UDPATE

MAY 8, 2017

UPDATE

JUNE 12, 2017

UPDATE

Teaching Staff N/A N/A N/A N/A

NO CHANGESParas N/A N/A N/A Elimination of 3

FT positions

(via attrition)

STAFFING RECOMMENDATIONS – SPECIAL EDUCATION

STAFFING RECOMMENDATIONS – ESL PROGRAM


PROJECTION

MARCH 2017

UPDATE

MAY 1, 2017

UDPATE

MAY 8, 2017

UPDATE

JUNE 12, 2017

UPDATE

District-Wide 3 FT Bilingual Paras

Needed

3 FT Bilingual

Paras Needed

3 FT Bilingual

Paras Needed

3 FT Bilingual

Paras NeededNO CHANGES


PROJECTIONMARCH 2017

UPDATE

MAY 1, 2017

UDPATE

MAY 8, 2017

UPDATE

JUNE 12, 2017

UPDATE

Home-School

Team

Recommended Position Expansion :

Truancy Abatement Specialist (EANA Support) transitions to Home & School

Transition Coordinator (EANA Support)

Student-Family Outreach Coordinator (EANA Support) transitions to Home & School

Visitor (EANA Professional)

NO CHANGES

District-Wide

Secretaries

N/A Restructuring of

school-level

secretaries

recommended

(All 11 month)

Restructuring of

school-level

secretaries finalized

(All 11 month)

Elimination of 1 FT

position @ NAHS

(can be done via

attrition)

Elimination of 1 PT

position @ NAHS

Modification of

Operation Secretary

Class 2-12 month to

Class 3 – 11 month

(anticipated vacancy)

Restructuring of

school-level

secretaries finalized

(All 11 month)

Elimination of 1 FT

position @ NAHS

(can be done via

attrition)

Elimination of 1 PT

position @ NAHS

Modification of

Operation Secretary

Class 2-12 month to

Class 3 – 11 month

(anticipated vacancy)

STAFFING RECOMMENDATIONS – OTHER


PROJECTIONMARCH

2017

UPDATE

MAY 1, 2017

UDPATE

MAY 8, 2017

UPDATE

JUNE 12, 2017

UPDATE

District-Wide

Attendance

Clerks

N/A N/A Elimination of 5

attendance clerks

(one is vacant)

Elimination of 5

attendance clerks

(one is vacant)

NO CHANGES

Guidance

Counselors

N/A N/A Recommend leaving 1

NAHS position vacant

for 1718 (staff on

leave)

Recommend leaving 1

NAHS position vacant

for 1718

Modify Musselman

position from FT to PT

(can be done via

attrition/transfers)

Recommend leaving 1

NAHS position vacant for

1718

Modify Musselman position

from FT to PT

NEW:

-Transfer Behavior Mgmt

Specialist to vacant Middle

School Guidance

Counselor position as LTS

-Delay hiring replacement

of Specialist

Curriculum

Instruction

Team

N/A N/A N/A Elimination of 1

Supervisor NO CHANGES

Custodial

Staff

N/A N/A N/A Modify 2 FT positions

to 2 PT positions (can

be done via attrition)

- Buildings TBD

NO CHANGES

STAFFING RECOMMENDATIONS – OTHER

LOCATION JANUARY

2017

PROJECTION

MARCH 2017

UPDATE

MAY 1, 2017

UDPATE

MAY 8, 2017

UPDATE

JUNE 12, 2017

UPDATE

Musselman

Bus Helpers


positions

NO CHANGES

Elementary

Bldgs –

Lunch Aides


positions

District-Wide

Extra Duty

Assignmts

N/A N/A N/A Reevaluate

building needs and

assignments

STAFFING RECOMMENDATIONS – OTHER (Continued)

Wages44%

Benefits28%

Professional Svc3%

Property Svc1%

Other Purch Svc (Tuition,

Transportation, etc)16%

Supplies2%

Equipment2%

Other (Primarily Debt)

4%

2017-18 EXPENSES – BY MAJOR OBJECT

Wages44%

Benefits28%

Professional Svc3%

Property Svc1%



Supplies2%

Equipment2%


4%

2017-18 EXPENSES – BY MAJOR OBJECTEANA PROFESSIONAL (TEACHERS ETC.)

& EANA SUPPORT CONTRACTS EXPIRING

NEGOTIATIONS ONGOING

Wages44%

Benefits28%

Professional Svc3%

Property Svc1%



Supplies2%

Equipment2%


4%

2017-18 EXPENSES – BY MAJOR OBJECTEANA PROFESSIONAL (TEACHERS ETC.)

& EANA SUPPORT CONTRACTS EXPIRING

NEGOTIATIONS ONGOING

EARLIER TONIGHT, WE LEARNED THAT

@ 28% OF OUR PROJECTED REVENUE

IS STILL UNCERTAIN

THIS CHART ILLUSTRATES THAT

OVER 44% OF OUR PROJECTED EXPENSES

ARE ALSO ONLY ESTIMATED AT THIS POINT

(NEGOTIATIONS WILL IMPACT OUR SPENDING ON WAGES & BENEFITS)

2017-18 EXPENSE UPDATE

2017-18 PROJECTED EXPENSES (May 1, 2017) $ 152,153,300

NEW COST REDUCTION STRATEGIES FOR DISCUSSION:

Net savings from staffing recommendations presented

May 8, 2017

( $1,614,000)

Using additional healthcare reserves in 2017-18 to offset a portion

of our projected premium increases

($ 750,000)

Reduction in Operations Dept budget ( $ 50,000)

Recommend elimination of on-site NAHS summer school program

- Many neighboring districts using cyber/on-line education for

summer credit recovery options

- Best practice

( $ 45,000)

Savings to be achieved via new lease for graphics equipment

Negotiations / equipment evaluation ongoing – will be wrapped up

in June

($ 20,000)





EXPENSE UPDATES

Additional costs resulting from delay in consideration of Catapult

Program @ Roosevelt

+ $ 175,000

Recommend transitioning to new OT/PT (Occupational Therapy &

Physical Therapy) vendor 7/1/17

( $ 25,000)

Updated Personnel Savings:

- Administrator (AAS & Cabinet) Benefit Concessions Approved at

May Board meeting

- Recommendation for PT Regular Education Paraprofessionals

- Recommendation related to Behavior Mgmt Specialist/Guidance

Counselor position

( $ 110,000)

2017-18 PROJECTED EXPENSES (June 12, 2017) $ 149,714,300



2017-18 PROJECTED EXPENSES (Jan 2017) $ 154,432,800



2017-18 PROJECTED EXPENSES (June 12, 2017) $ 149,714,300


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TAXPAYER IMPACT / NEXT STEPS

2017-18 Tax Rate Implications

Act 1 Index 2.500 %

NASD Adjusted Act 1 Index 3.000 %

NASD Maximum Allowable Tax Increase

(With Act 1 Exceptions for PSERS &

Special Education Expenses)

6.255 %

Tax Increase Needed @ 6/12/17 4.798%

2017-18 OVERVIEW (MAY 8, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues

(@ 4.798% Tax Increase)

$ 150,731,050

2017-18 Projected

Expenses

$ 149,674,300

Fund Balance @ 6/30/18 $ 926,917


COMBINED

SNAPSHOT

2017-18 OVERVIEW (MAY 8, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues


$ 182 Avg Taxpayer

$ 150,731,050

2017-18 Projected

Expenses

$ 149,674,300

Fund Balance @ 6/30/18 $ 926,917


COMBINED

SNAPSHOT

2017-18 OVERVIEW (MAY 8, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues


$ 182 Avg Taxpayer

$ 150,731,050

2017-18 Projected

Expenses

$ 149,674,300

Fund Balance @ 6/30/18 $ 926,917


COMBINED

SNAPSHOT

2017-18 OVERVIEW (JUNE 12, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues


$ 182 Avg Taxpayer

$ 150,731,050

2017-18 Projected

Expenses

$ 149,714,300

Fund Balance @ 6/30/18 $ 886,917

2017-18 OVERVIEW (MAY 8, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues


$ 182 Avg Taxpayer

$ 150,731,050

2017-18 Projected

Expenses

$ 149,674,300

Fund Balance @ 6/30/18 $ 926,917


COMBINED

SNAPSHOT

2017-18 OVERVIEW (JUNE 12, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues


$ 182 Avg Taxpayer

$ 150,731,050

2017-18 Projected

Expenses

$ 149,714,300

Fund Balance @ 6/30/18 $ 886,917

NO CHANGE

2017-18 OVERVIEW (MAY 8, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues


$ 182 Avg Taxpayer

$ 150,731,050

2017-18 Projected

Expenses

$ 149,674,300

Fund Balance @ 6/30/18 $ 926,917


COMBINED

SNAPSHOT

2017-18 OVERVIEW (JUNE 12, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues


$ 182 Avg Taxpayer

$ 150,731,050

2017-18 Projected

Expenses

$ 149,714,300

Fund Balance @ 6/30/18 $ 886,917

2017-18 OVERVIEW (MAY 8, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues


$ 182 Avg Taxpayer

$ 150,731,050

2017-18 Projected

Expenses

$ 149,674,300

Fund Balance @ 6/30/18 $ 926,917


COMBINED

SNAPSHOT

2017-18 OVERVIEW (JUNE 12, 2017)

Fund Balance @ 7/1/17 ( $ 129,833)

2017-18 Projected

Revenues


$ 182 Avg Taxpayer

$ 150,731,050

2017-18 Projected

Expenses

$ 149,714,300

Fund Balance @ 6/30/18 $ 886,917

FUND BALANCE REMAINS LOW

UNANTICIPATED MANDATED EXPENSES

IN 2017-18 COULD RESULT IN DEFICIT

TIMELINE

JUNE 19, 2017 SCHOOL BOARD

MEETING

7:00PM

• WORKSESSION

JUNE 26, 2017 SCHOOL BOARD

MEETING

7:00PM

• 2017-18 “FINAL BUDGET” SCHEDULED FOR ADOPTION


QUESTIONS


2017-18 Budget

Documents

Norristown Area School District€¦ · · 2017-06-16• Charter School Reform ... ENMS ESTLA Stewart Field Hockey 1 Team 1 Team 1 Team ... Norristown Area School District 2017-18