Budget

East Penn School District
General Fund Budget (adopted June 22, 2009)

On June 22nd, the East Penn Board of School Directors passed a Final Budget for the 2009-2010 school year. This particular budget includes a tax increase of 1.37 mills, which  increases the tax rate by 3.2%.  The bulk of the increase is caused by increased debt service and charter school tuition payments. 

Setting/Major Factors
  •  Revenue Situation – recession (budget to budget numbers)
    • Interim Real Estate Tax down 31.6%
    • Earned Income Tax down 2.8%
    • Real Estate Transfer Tax down 36.6%
    • Interest on Investments down 31.8%
  • Undetermined State Aid
  • Level of Federal Aid Unknown
  • Stimulus Funds (Confusion and Uncertainty)
  • Stable Student Enrollment
  • Increased Debt Service
  • Cyber Charter School Increases
  • Seven Generations Charter School Approved
  • 5% Budgetary Reserve
Arrested Discretionary Spending
  • Less Administrators
  • Less Instructional/Staff Assistants
  • Less Staff Development Travel
  • Making Community Education self-funding
  • One Less Teacher
  • Insurance Savings
  • Transportation Savings
  • Many cuts were made to central office department budget requests
  • Principals’ discretionary budget reserve was eliminated
We have responded to unsettling economic conditions by controlling and reducing our projected expenditures.   

Real Estate Tax Bill Analysis

 

 

 

 

 

 

 

 

 

For those with approved homesteads

 

 

 

 

 

 2008/09

 2009/10

Increase

 

Median Homestead Real Estate Assessment

 $        65,400

 $  65,400

 

 

School Tax Millage

 42.27 mills

43.64 mills

1.37 mills

3.2%

Gross School Tax Levy

$2,764.46

$2,854.06

$89.60

3.2%

Property Tax Reduction Allocation

-$118.20

-$113.25

$4.95

-4.2%

Median Annual EPSD School Tax Bill

$2,646.26

$2,740.81

$94.55

3.6%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenditure Budget

 Dollar

 

 

 

Top 5 Dollar Increases

 Increase

% Inc.

 

 

Debt Service

$1,505,581

10.2%

 

 

Charter Schools

$1,432,009

131.5%

 

 

Salary/Benefits

$658,798

1.0%

 

 

IU Student Costs

$165,896

5.4%

 

 

Fuel & Utilities

$143,645

5.5%

 

 

Total of Top 5 Dollar Increases

$3,905,929

 

 

 

 

 

 

 

 

Total Expenditure Increase

$4,108,751

3.7%

 

 

The East Penn School District is an equal opportunity education institution and will not discriminate in its educational programs, activities or employment practices on the basis of race, color, national origin, sex, age, religion, ancestry, disability, union membership or other legally protected classification. Announcement of the policy is in accordance with state and federal laws, including Title VI, Title IX, Section 504 and Americans with Disabilities Act. Copyright 2010 East Penn School District.
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