2010-2011 proposed general fund budget
DESCRIPTION
2010-2011 Proposed General Fund Budget. Middle Bucks Institute of Technology Executive Council February 8, 2010. Act 1 of 2006 Index = 2.89% General Fund + Lease Rental = 2.96% increase $9,603,860 vs. $9,327,876 Increase $275,984. 2010/2011 vs. 2009/2010 Proposed Budget Change. - PowerPoint PPT PresentationTRANSCRIPT
2010-20112010-2011Proposed General Fund Proposed General Fund
Budget Budget Middle Bucks Institute of Technology
Executive Council February 8, 2010
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Proposed Budget ChangeProposed Budget Change
Act 1 of 2006 Index = 2.89%
General Fund + Lease Rental = 2.96% increase
$9,603,860 vs. $9,327,876
Increase $275,984
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010General Fund Member General Fund Member ContributionContribution
Member District Contribution = SD budget increase 3.31%
$6,998,390 vs. $6,774,456
$223,934 Increase
Allocated using 3 year averaging of ADM
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Lease RentalLease Rental
Member District Contribution – Lease Rental
$1,467,050 vs. $1,469,100
Decrease $2,050
Allocated based on STEB Market Value
2010/2011 vs. 2009/2010 Member 2010/2011 vs. 2009/2010 Member ContributionContribution
Combined General Fund and Lease Rental
Member District Contribution Net Increase $221,884 or 2.69%
$8,465,440 vs. $8,243,556
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010General Fund ExpendituresGeneral Fund Expenditures
Expenditure Budget Increase = 3.54%
$8,136,810 vs. $7,858,776
Increase $278,034
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationSalaries & WagesSalaries & Wages
Salaries & Wages – Teachers Teachers’ matrix is best guess – 3 out of 4 SD
expire For 2009/2010 used 2008/2009 matrix rates Increase for 2010/2011 $170,972 Add new instructor – Dental Assisting Eliminate CET Instructor – 2008/2009 curtailment
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationSalaries & WagesSalaries & Wages
Salaries & Wages Non-Bargaining Unit Instructional Assts $1 hourly adjustment Elimination of Math / Reading Coaches Elimination of Resource Specialist All other wages budgeted 4% increase Overall net decrease $13,173
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationBenefitsBenefits
Medical & Prescription - Decrease $100,113 Plan Design Changed 2008/2009 to 2009/2010 2009/2010 Budget Based on 2008/2009 Plan Info First Look for 2010/2011 is 9.2% Increase
PSERS used certified rate 8.22% Increase 72% or $164,216 over 2009/2010
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationProfessional & Technical ServicesProfessional & Technical Services
Penn State Program – Tuition & Enrollment Increase $18,640
Addition of Math & Reading Coaches as Consultants
Increase $41,040
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationPurchased Property ServicesPurchased Property Services
Program Equipment Maintenance Net Increase $28,182
Facility Maintenance Net Increase $31,425 Cleaning Service Increase $28,500
2010/2011 vs. 2009/20102010/2011 vs. 2009/2010Budget InformationBudget InformationSuppliesSupplies
Program Supplies◦Net Reduction $96,963
Utilities◦Net Reduction $24,500
ConclusionConclusion
Member School District Contribution is 2.69% - Act 1 of 2006 Index 2.89%.
A lot of effort on part of all stakeholders – professional staff, administration, PAC & Finance Committees to reduce increase.
Fiscally responsible without jeopardizing program integrity.
Questions?Thank you!