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Budget & Finance Meeting

November 18th, 2021

Jennifer Hoff , B & F Chairperson

A. Jeff Cuff, Business Administrator

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Budget & Finance Committee Meeting

Agenda

    • Welcome
    • 2022-23 Budget Calendar
    • 3 Year Expenditure Analysis (2020-21, 2019-20 and 2018-19)
    • 3 Year Revenue Analysis (2020-21, 2019-20 and 2018-19)
    • Salary Comparison (2021-22, 2020-21 & 2019-20)
    • Projected Expenditure Increases & Budget Gap 2022-23
    • Borrowing Options- Capital Expenditures (Public Financial Management)
    • Discussion
    • Adjournment

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Budget & Finance Committee Meeting

2022-23 Budget Calendar

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Board Approval November 22, 2021

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Budget & Finance Committee Meeting

Expenditures 3-Years

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Budget & Finance Committee Meeting

Revenues 3-Years

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Budget & Finance Committee Meeting

Salary Analysis (3 Year)

Categories

2021-22

2020-21

2019-20

Administrative

$ 832,157

$ 811,446

$ 753,257

Support/SSO

$ 685,028

$ 682,755

$ 765,896

Professional/Teacher

$ 5,558,375

$ 5,504,720

$ 5,591,163

Analysis includes 1st 5 pays of each school Year (Sept. 1-Nov. 1)

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2021-22 Expenses as of 10/31/2021

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Budget & Finance Committee Meeting

2022-23 Projected Expense Increases

  1. Healthcare 1st Look 2.94% (2nd Look March 2022)
  2. PSERS 2.43% increase (34.94% -> 35.79% Employer Rate)
  3. M & O Contract 2.75% (ARAMARK)
  4. Transportation 3% (First Student)
  5. DCCC
  6. DCIU
  7. DCVT
  8. Collective Bargaining Agreements
      • Act 93/ADS (2.50% 2021-22)
      • WPESPA ($.51/hour)
      • WPEA (Step Increase)
      • SSO’s (4% 2021-22)

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Budget & Finance Committee Meeting

2022-23 Projections

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Budget Revenues 2022-23

 

 

$ 102,026,621

 

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Budget Expenditures 2022-23

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$ 103,848,928

 

Proposed 2022-23 Increases

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Healthcare

$ 260,000

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PSERS

$ 300,000

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M & O Contract

$ 146,000

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Transportation Contract

$ 161,000

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DCCC

$ 6,327

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DCIU-Special Education

TBD

Feb-22

 

DCVT(Vo-Tech)

TBD

Feb-22

 

Bargaining Agreements

$ 1,000,000

$ 1,873,327

 

 

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Total Projected Expenditures

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$ (105,722,255)

 

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Projected Budget Gap 2022-23

 

$ (3,695,634)

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Borrowing-Finance Options

Public Financial Management (PFM)

Jamie Doyle, Managing Director-PFM

Josh Martinez, Analyst-PFM

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Budget & Finance Committee Meeting

Borrowing/Finance Options

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