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Budget & Finance Meeting

February 17, 2022

Ms. Jennifer Hoff, Committee Chair

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Budget & Finance Committee Meeting

Agenda

Welcome
Financing
Local Revenues 2021-22
Summary - Expenditures 2021-22
E-Rate Bids
Future Meetings
Adjournment

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Budget & Finance Meeting

Financing - Facilities Master Plan - (Phase I)

Jamie Doyle, Public Financial Management-Managing Director

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Budget & Finance Committee Meeting

Financing - Facilities Master Plan (Phase 1)

Ms. Jamie Doyle, Public Financial Management

PFM Financing Discussion

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Approximate 2022-23 Increase for a property assessed at $125,000 would be $39

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Budget & Finance Meeting

2021-22 Local Revenues

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�Budget & Finance Committee Meeting��Local Revenues�

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Budget - 2021	$ as of Feb. 15, 2022	Difference	%
$ 45,431,592	$ 45,153,277	$ (278,315)	99.4%

Budget - 2020	$ as of Feb. 15, 2021	Difference	%
$ 44,131,599	$ 45,317,905	$ 1,186,306	102.7%

Lien list must be submitted to DELCO Tax Claim by 02/28/2022
Failure to collect remaining 2021 RE Taxes will result in District using existing Fund Balance

Current Real Estate Taxes

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Budget - 2021	$ as of Feb. 15, 2022	Difference	%
$ 425,000	$ 520,779	$ 95,779	122.4%

Budget - 2020	$ as of Feb. 15, 2021	Difference	%
$ 384,162	$ 214,883	$ (169,279)	55.9%

Transfer Taxes

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Budget - 2021	$ as of Feb. 15, 2022	Difference	%
$ 4,100,000	$ 2,682,042,	$ (1,417,958)	65.4%

Budget - 2020	$ as of Feb. 15, 2021	Difference	%
$ 4,408,290	$ 2,303,858	$ (2,104,432)	52.3%

Delinquent Taxes

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2021-22 Expenses

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2021-22 Function Summary as of 01/31/2022

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Budget & Finance Committee Meeting

Function	Approved Budget	Actuals (Jan-2022)	Encumbrances	Available	% of Budget
1000-Instruction	$ 65,798,016	$ 32,706,495	$ 31,577,911	$ 1,513,610	2%
2000- Support Services	$ 32,179,917	$ 14,883,760	$ 7,006,739	$ 8,289,418	26%
3000- Non-Instructional	$ 1,579,369	$809,938	$ 326,803	$ 442,627	28%
5000-Debt Service	$ 4,291,626	$1,576,717	$ 38,075	$ 2,376,832	55%
Total	$ 103,848,928	$ 49,976,910	$ 38,949,528	$ 12,621,487	12%