2019-2020 Proposed
Final Budget Summary
The Fox Chapel Area School Board approved the 2019-2020 proposed final budget at
its combined agenda study session and regular business meeting on May 6, 2019, with
no increase in the millage rate (19.5750). The Board will discuss the proposed final
budget at its meetings June 3 in the O’Hara Elementary School auditorium and June 10
in the high school large group instruction room. The Board is expected to pass the final
2019-2020 budget at its June 10 meeting, and residents are invited to attend all Board
meetings, which begin at 7 p.m.
Total Budgeted New Revenues
Unassigned Fund Balance
Total Available Revenues
$ 99,246,796
$ 2,102,221
Total Budgeted Expenditures
$101,770,866
Budgetary Reserve
$ 2,102,221
Total Budgeted Expenditures
and Reserve
Total Net Change
$101,349,017
$103,873,087
<$2,524,070>
This budget includes no increase in the millage rate or other taxes.
The budget will be balanced via utilization of the available fund balance.
Breakdown of Revenues
n Local Revenue
n State Revenue
n Federal Revenue
n Other Revenue $ 77,952,597
$ 19,752,264
$
786,036
$
755,899
$ 99,246,796
n Unassigned Fund Balance $ 2,102,221
Total Revenue
Total Revenue and
Fund Balance
Other
Revenue
Unassigned
Federal
Fund Balance
Revenue
State
Revenue
Local
Revenue
$101,349,017
Breakdown of Expenditures
n Instruction
n Support Services
n Non-Instructional
n Facilities
n Debt Service/Transfers/
Prior Year Refunds
Total Expenditures
n Budgetary Reserve
$ 62,453,953
$ 30,802,784
$ 2,690,947
$
254,100
$ 5,569,082
$101,770,866
$ 2,102,221
Total Expenditures and
Budgetary Reserve
$ 103,873,087
Debt Service/
Transfers/Prior
Year Refunds
Facilities
Non-
Instructional
Support
Services
Budgetary
Reserve
Instruction
2019-2020
Budget
Highlights
• New Kerr Elementary construction
and programs:
– Spanish Immersion
– Pre-Kindergarten
• 28 professional staff to retire
between 7/1/2019 and 6/30/2020
as part of the Early Retirement
Incentive (ERI):
– Resulting in 28 one-time
severance payments
– Increases the Other Post-
Employment Benefit (OPEB)
account for retiree health care
– Not all positions will be
replaced with a new hire, but
those that are will be replaced
with a professional employee
on the lower end of the
salary scale, and, therefore,
future savings are anticipated.
Other positions are planned
to be replaced with existing
employees with optimal
schedule configurations.
• Insurance premium increases:
– 1.9% medical
– 2% dental
– 7% vision
• Public School Employees’
Retirement System (PSERS)
employer contribution rate set at
34.29% for 2019-2020:
– 3% increase in cost from
2018-2019
– Accounts for 15% of
overall budget
– The state reimburses 50% of
the cost, which is included
under revenues
• Increased safety and security costs
due to additional safety measures:
– Enhanced security construction
planned for all building and
athletic entrances
FOX CHAPEL AREA
❘
SUMMER 2019
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