Budget Calendar 2020-2021

2020/2021 Preliminary Budget Presented to Finance Committee January 23, 2020

 Preliminary Budget Presentation

• Attachment A - Budget Scenario PFM Model - 0% Increase
• Attachment B - Budget Scenario PFM Model - 1.5% Increase
• Attachment C - Budget Scenario PFM Model - 3.0% Increase
• Attachment D - Expenditures by Detailed Object
• Attachment E - Preliminary Revenue Budget - 0% Increase
• Attachment F - Preliminary Revenue Budget - 1.5% Increase
• Attachment G - Preliminary Revenue Budget - 3.0% Increase
• Attachment H - Analysis of Contracted Transportation Expenditures
• Attachment I -  Forecast5 Transportation Cost per Pupil
• Attachment J - 20 Year Staffing History
• Attachment K - Student Enrollment Statistics
• Attachment L - Information on Aid Ratios and Act 1
• Attachment M - Aid Ratio Calculation Methodology
• Attachment N - Forecast5 Assessed Value per Pupil 

 February 26, 2020 Finance Committee Meeting         

  Preliminary Budget Update

• Attachment A - Fund Balance Analysis Update
• Attachment B - Expenditures by Detailed Object 
• Attachment C - Comparison of Taxing Scenarios
• Attachment D - Forecast5 Revenues 2019-2020 Federal and Other
• Attachment E - Forecast5 Revenues - 2019-2020 Local
• Attachment F - Forecast5 Revenues - 2019-2020 State
• Attachment G - Summary of Changes from 1-23 to 2-26-2020
• Attachment H - Summary of Budget Detail Changes 1.5% Increase
• Attachment I - PFM 5 Year Budget - 1.5% Increase

• Attachment J -  Office Of Teaching and Learning Preliminary Cover Sheet
• Attachment K - Office Of Teaching and Learning Budget as of 2-18-20
• Attachment L - Technology Preliminary Cover Sheet
• Attachment M - Technology Budget as of 2-18-20

  February 26, 2020 Board Meeting

• Attachment A - Preliminary Budget Proposal to Board

April 23, 2020 Finance Committee Meeting

• Attachment A - Revenue Projections - COVID Impact
• Attachment B - Local Revenue History - 2006-2021
• Attachment C - UC Bucks
• Attachment D - Bucks UC By Zip Code
• Attachment E - Bucks County Claim Number 
• Attachment F - Bucks County Claim Percent 
• Attachment G -Annual Change in Aggregate Local Revenue
• Attachment H - Annual Change in Investment Earning
• Attachment I - Annual Change in Delinquent Taxes
• Attachment J - Annual Change in Transfer Tax 
• Attachment K - Annual Change in Earned Income Tax 
• Attachment L - Annual Change in Interim Taxes 

  Review 5 Year Assumptions (PFM Modeling)

• Attachment M - PFM Model 4.23.2020

 
  Review Implications of the Pandemic on 2019-2020 Expenditures and Revenue

• Attachment N - 2019-2020 Local Revenue Projections 4-20-2020
• Attachment O - 2020-2020 Local Revenue Projections 4-20-2020
     
  

  Food Service Finances

• Attachment P - Food Services PL Projection

  Capital Projects and Impact on Budget

• Attachment Q - Updated 5 Year Capital Projects Plan Draft 4-23-2020

  May 14, 2020 Board Meeting  

  2020-2021 PROPOSED FINAL BUDGET SUMMARY  

   COVID Impact on Revenue

•    Attachment A - COVID Impact on QCSD
•    Attachment B -  Evolution of 2020-2021 Budget
•    Attachment C - Analysis of Key Local Revenue Resources - QCSD

PROPOSED Final Budget 2020-2021: 5/14/2020

  The proposed FINAL Budget for Fiscal Year 2020-2021 which totals $119,505,241. This 
  amount includes $2,977,041 in Capital Expenditures. The proposed millage rate is 168.83;
  that rate reflects a zero percent millage increase over the 2019-20 millage rate. The
  proposed 2020-2021 expenditures are $4,924,304 more than the 2019-2020 budget for
  an increase of 4.3%.

  **Notice is given that the proposed Final Budget for the General Fund of Quakertown
  Community School District for the 2020-2021 fiscal year in its most recent form is available
  for public inspection on the District Website, and is expected to be presented for adoption
  as a Final Budget at the School Board meeting to be held at 7:00 p.m. on June 11, 2020.
  If an individual is unable to access the proposed final budget on the District website, a
  printed copy may be obtained by contacting Gerrie Ely via email at [email protected]. The
  budget may be amended before or after the final adoption. Zachary Schoch, COO.” 
   

2020-2021 Proposed Final Budget PDE 2028 -Form Attached

   Proposed Final Budget

• Attachment D - Financing the Budget - 0.0% Increase
• Attachment E - Revenue Heat Map and Expected Revenue Calculations
• Attachment F - PFM 5 Year Model - 0% Increase
• Attachment G - Fund Balance Analysis - 0% Increase
• Attachment H - Summary of Changes - 0% Increase
• Attachment I - Local Revenue Analysis - COVID Impact - YTD April
• Attachment J - Preliminary Budget Revenue - 0% Increase
• Attachment K - Expenditures by Detailed Object

   May 28, 2020 Finance Committee Meeting

• Attachment A - 2020-2021 Budget Changes - Proposed Final to Final
• Attachment B - Summary of Changes 0 Percent Increase

FINAL Budget 2020-2021 for Vote: Board Meeting 6/11/2020

The 2020-2021 Final Budget for fiscal year 2020-2021  totals $120,072,115. This amount includes $1,200,000 in Budgetary Reserve. The proposed millage rate is 168.83, an increase of 0 mills, or 0%, over the 2019-2020 millage rate of 168.83 mills. The proposed expenditures are $4,691,178 more than the 2019-2020 budget, for an increase of 4.1%.

Capital Projects Commitment of Fund Balance: In accordance with the Governmental Accounting Standards Board (GASB) Statement 54 and Board Policy 620 Fund Balance, the Board annually may commit or constrain a portion of fund balance for specified purposes which can include Capital Projects with the amount to be determined following the close of the fiscal year but prior to the final audited financial statements being prepared.

• Attachment A - Revenue Budget FINAL - 0 Percent Increase
• Attachment B - Financing the Budget - FINAL
• Attachment C - Detail of Budget Change - FINAL
• Attachment D - Fund Balance Analysis FINAL - 0 Percent Increase
• Attachment E - PFM Model - FINAL
• Attachment F - Summary of Changes - FINAL - 0 Percent Increase
• Attachment G - Expenditures by Detailed Object - FINAL 

Financial Fact Sheet 2020-21