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