Official Budget Book
Total Page：16
File Type：pdf, Size：1020Kb
OXFORD AREA SCHOOL DISTRICT CHESTER COUNTY, PENNSYLVANIA GENERAL FUND BUDGET FOR THE 2015-2016 FISCAL YEAR Adopted June 16, 2015 The Oxford Area School District is an equal opportunity education institution and will not discriminate on the basis of race, color, national origin, sex, age, or handicap in its activities, programs, or employment practices as required by Title VI, Title IX, Section 504, Individuals with Disabilities Education Act, Chapter 15 of the Pennsylvania School Code, and Americans with Disabilities Act. For information regarding civil rights, grievance procedures, services, activities, and facilities accessible to and usable by handicapped persons, contact the Director of Human Resources, Title IX and Section 504 Coordinator, Oxford Area School District, 125 Bell Tower Lane, Oxford, PA 19363, 610.932.6600. OXFORD AREA SCHOOL DISTRICT 2015-2016 BUDGET TABLE OF CONTENTS INTRODUCTORY SECTION: Business Administrator’s Budget Message BUDGET POLICIES: Mission Statement ................................................................................................................1 Budgeting Policies and Process ...........................................................................................2 Budget Calendar ...................................................................................................................5 Future Prospects ...................................................................................................................7 ORGANIZATIONAL GUIDELINES Organization .........................................................................................................................9 Table of Organization ........................................................................................................11 Consultants and Advisors ..................................................................................................12 Reporting Entity and Its Services .......................................................................................13 School Buildings - Information ..........................................................................................14 FINANCIAL PLAN: Summary of Significant Accounting Policies ....................................................................15 General Fund Summary of Revenue, Expenditures and Fund Balance ....................................................19 Comparison of Revenues ...................................................................................................20 Summary of Expenditures by Object .................................................................................21 Comparison of Expenditures..............................................................................................22 Budget Summary - Revenue ..............................................................................................27 Budget - Revenue ...............................................................................................................28 Revenue Explanation .........................................................................................................29 Budget Summary - Expenditures - Instructional - 1000 Series ..........................................33 Budget - Expenditures - 1000 Series..................................................................................36 Budget Summary - Expenditures - Support - 2000 Series .................................................45 Budget - Expenditures - 2000 Series..................................................................................48 Budget Summary - Expenditures - Operation of Non- Instructional Services - 3000 Series .......................................................................70 Budget - Expenditures - 3000 Series..................................................................................72 OXFORD AREA SCHOOL DISTRICT 2015-2016 BUDGET TABLE OF CONTENTS FINANCIAL PLAN: (continued) Budget Summary - Expenditures - Other Outlays - 5000 Series .......................................76 Budget - Expenditures - 5000 Series..................................................................................78 Capital Projects Fund Capital Reserve Fund Description .....................................................................................81 Budget of Revenue and Expenditures ................................................................................83 Five Year Projection - Major Capital Expenditures...........................................................86 Proprietary Fund Cafeteria Fund Description ................................................................................................89 Budget of Revenue and Expenses ......................................................................................92 MISCELLANEOUS: Five Year Comparison of Revenues ..................................................................................95 Five Year Comparison of Expenditures .............................................................................96 Revenue and Expenditures by Source/Major Function – Five Year Comparison ...........100 Revenue and Expenditures Percentage - Five Year Comparison .....................................101 Expenditures by Object – Five Year Comparison............................................................102 Revenues by Source - Last Ten Fiscal Years ...................................................................103 Expenses by Function - Last Ten Fiscal Years ................................................................104 Enrollment History and Projections .................................................................................105 Distribution of Staff .........................................................................................................111 Professional Employees Salary Schedule ........................................................................112 Taxpayer Analysis ............................................................................................................113 Assessed and Market Value of Taxable Property - Last Ten Fiscal Years ......................116 Property Tax Levies and Collections - Last Ten Fiscal Years .........................................117 Ten Principal Taxpayers - Current and Ten Years Ago ...................................................118 Property Tax Rates - All Overlapping Governments - Last Ten Fiscal Years .................119 Student Performance Measurements ................................................................................120 GLOSSARY ................................................................................................................................125 INTRODUCTORY SECTION Letter of Transmittal BUDGET POLICIES Mission and Philosophy Budget Policy and Process Budget Calendar Future Prospects OXFORD AREA SCHOOL DISTRICT MISSION STATEMENT The mission of the Oxford Area School District is to have all students achieve academic excellence, realizing their potential as life-long learners, in a safe and nurturing environment. In partnership with families and the community, we will prepare each student with the skills to be a confident, productive and responsible citizen, contributing to an ever-changing global society. 1 OXFORD AREA SCHOOL DISTRICT BUDGETING POLICIES AND PROCESS BUDGET 2015-2016 The School Law of Pennsylvania, as enacted by the Commonwealth legislature, requires that public school districts approve an annual budget on the modified accrual basis for the operation of the General and Capital Projects Funds prior to the start of the fiscal year. The Board of School Directors of each district is further required to make these budgets available for public inspection at least 20 days prior to their adoption. These approved budgets are required to be filed with the Pennsylvania Department of Education within 15 days of their approval. Once approved by the district’s Board of Education, these budgets become the approved spending plan of the district for the coming year and the Board is prohibited from spending or obligating funds in excess of these amounts. The Board is authorized to transfer funds within the budget during the last nine months of the fiscal year. The budget process can be broken down into a five-step process that includes: planning, preparation, adoption, implementation and evaluation. The process is driven by two objectives (1) to provide every child in the District with best possible educational opportunities and (2) to maximize the use of available resources. Within this framework, the Board attempts to balance the educational needs of the students and the resources available to the District from local, state and federal sources. The product, the School District’s budget that details the revenues and expenditures to support educational programs and services, is a delicate balance of policy choices. The planning process starts each August with the Board setting a budget calendar and adopting a per pupil expenditure for the buildings. The calendar includes all of the important activities in the budgeting process and the dates on which important decisions are scheduled to be made. Once adopted the calendar represents the guidelines for the preparation and adoption of the financial plan of the school district. All budget requests originate at the building or department level by each principal or administrator and are reviewed by administrators responsible for specific areas of the budget. These requests are then