Perkiomen Valley School District Annual Report 2018-19 Annual Report 2018-19 | Page 14

Budget
REVENUES
Local - 77.7%
State - 21.6%
Federal - .69%
Perkiomen Valley School District’s Board of Directors approved a $105,274,506
spending plan for the 2018-19 school year that included the following highlights:
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EXPENDITURES
Instruction - 58.4%
Support Services -
30.2%
Addition of two special education teaching positions (new)
Addition of two elementary school counseling positions (new)
Addition of a social worker position (financed through existing contract swaps)
Addition of a Supervisor of Special Education (financed through contract ex-
change)
Addition of Chief Information Officer
Negotiation of lower rate for transportation contract
Using $373,000 from the reserve fund set aside for retirement costs
Using $180,000 from the unassigned fund balance to offset the budgetary short-
fall
Using $214,096 from the debt service fund balance to offset the budgetary
shortfall
Overall expenditures increased 2.58 percent over the previous year. A large per-
centage of that increase was tied to increased state-mandated contributions to the
Pennsylvania School Employees Retirement System (PSERS), contractual salary
increases, debt service payments, health benefits and the STA contract. PSERS is
the single largest expenditure increase for the district.
Though it has been challenging to budget with such large increases dictated by the
state, the School Board and administration have worked hard to keep taxes below
the state index. In 2018-19, that index for PV was 2.8 percent. The approved budget
included a 2.71-percent tax increase. For the average homeowner with an assessed
home value of $180,000, that resulted in a $158 increase over the previous year.
Debt Service - 9.8%
Non-Instructional
Support Services -
1.6%
Page 14
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