Upper Bucks County Technical School 2023-2024 Budget Overview

1 Upper Bucks County Technical School is committed to educating students for successful careers and inspiring lifelong learning in a challenging and changing global economy.

Upper Bucks County Technical School 2023-2024 Budget General Fund (Fund 10) ==============================$11,956,247.16 Capital Fund (Fund 30) as of 6/30/23 =============================== $44,046 Fund Balance 6/30/2023 ============================= $956,499 ( 8%) Remaining Fund Balance after 8% =========================== $800,704 Reference: 21-22 Audit indicated Fund Balance $1,757,203 According to the 11th Articles of Agreement, the Technical School shall maintain a surplus fund balance to provide an unrestricted, uncommitted and unassigned cash reserve for contingencies or emergencies of no greater than 8% of the expenditures of the General Fund. This amount will be furnished by any surplus generated by the Technical School until the full amount of the fund balance has been reached. Food Service Fund (Fund 51) =============== $0.00 Major Reduction in 23-24 Budget Physical Education CTE Supervisor $178,047 $188,329 2

Upper Bucks County Technical School 23-24 Proposed Payment Schedule -Reduced Payments Option 1: 100% Refund to school districts

Upper Bucks County Technical School General Fund Member District ADM Calculation 2023-2024 Average Daily Membership Palisades Pennridge Quakertown Fiscal Year Total ADM ADM % Total ADM ADM % Total ADM ADM % TOTAL ADM 1-2018-19 Actual 44.12% 723 97 13.42% 307 42.46% 319 2-2019-20 Actual 43.56% 730 83 11.37% 329 45.07% 318 3-2020-21 Actual 67 9.31% 310 43.06% 343 47.64% 720 4-2021-22 Actual 65 8.86% 322 43.87% 347 47.28% 734 5- 2022-23 Snapshot 97 11.19% 358 41.29% 412 47.52% 867 4 Five-Year Average 82 10.84% 325 43.08% 348 46.08%

Upper Bucks County Technical School Member District Contributions and Other Funding Sources 2023-2024 UBCTS receives its funding and revenue from federal, state and local sources. Federal funding includes the Perkins and ARP-ESSERS Grants. State funding is subsidy funds (including Social Security, PSERS, and Voc. Ed Subsidy). The largest portion of local revenue is Member Districts contributions. Per the 11th Articles of Agreement, the Member Districts share the cost of operating the school based on the student average daily membership (ADM). For budgeting, the five-year average is calculated using 4 years of actual ADMs and the October 1st PIMS snapshot. Member District contributions will increase or decrease based on the 5 year average percentage. 5

Upper Bucks County Technical School 2023-2024 Operating Cost Comparison 6

Upper Bucks County Technical School Historical ADM 7

Upper Bucks County Technical School Expenditure Assumptions/Major Budget to Budget Differences 2023-2024 Salaries increased 11.68% (540,672.57) with projected new staff to fill a 2ndSchool-to-Work Coordinator, Specialized IA, Computer Networking and additional Ag position. Travel for both staff and students increased 54.4% (47,222) Additional programmatic travel increases added for field trips and travel needs for two Career Intern positions. Future student travel associated with organizations such as Skills USA. Fuel and energy were another area impacting the budget with a 20.30% ($78,250) projected increase however, electric rates were locked into ensuring savings for the school district. Supplies increased 17% to adjust for increased costs associated with lumber, copper, wire, food, perishables, etc. Budgeted equipment increased 130% (161,200) for program needs approved by their respective OAC boards. However, the 2021-2022 we overspent on equipment was $340,295. Funds were also allocated for matching Equipment grants where cuts were made such as the Culinary program. Programs overall increased 75.77% from $449,923 in 22-23 to $790,851 in 23-24. This includes additional Culinary, Health OCC, and Ag Bio sections in addition to the new Ex. Science program and planned Computer Networking program. 8

Upper Bucks County Technical School 23- 24 Expenditures by Object Code Object Code Expenditure Description % of Budget Dollar Amount 23- 24 $$ Difference Btwn 22/23 - 23/24 Dollar Amount 22-23 100 Salaries/Wages 43.24% $ 5,169,487 $515,669 $ 4,653,818 200 Benefits 28.99% $ 3,465,692 $119,493 $ 3,346,199 300 Professional and Technical Services 1.74% $ 208,350 ($39,200) $ 247,550 400 Property Services 5.98% $ 715,201 $62,147 $ 653,054 500 Other Services/Purchases/Travel 2.15% $ 256,492 $24,679 $ 231,813 600 Supplies 11.94% $ 1,427,488 $207,723 $ 1,219,765 700 Property /Equipment 2.38% $ 284,800 $161,200 $ 123,600 800 Dues/Fees 0.46% $ 54,489 ($152) $ 54,641 900 Debt Service 2.00% $ 239,247 ($451) $ 239,698 000 Transfers/Refund/Reserves 1.13% $ 135,000 ($866,811) $ 1,001,811 Total 100.00% $ 11,956,247 $204,289 $ 11,771,949 9

Upper Bucks County Technical School 23- 24 Expenditures by Object Code 10

Upper Bucks County Technical School 23- 24 Expenditures by Object Code 11

Upper Bucks County Technical School 23-24 Budget Expenditures Breakdown By Department 12

Upper Bucks County Technical School 23-24 Salary & Benefit Summary Summary Salaries & Benefits Projected 23-24 Costs $8,635,180 - 72.22% Total Salaries $5,169,488 Difference $3,321,067 - 27.78% Total Benefits $3,465,692 $11,956,247- Total budget 100% Total Expense $8,635,180 NOTE: Includes 2nd School-to-Work Coordinator - Full Time, Specialized IA Position, Computer Networking, and Additional Position (Ag or Law) 13

Upper Bucks County Technical School General Fund Member District Debt Contribution Calculation 2023-2024 Capital Fund - Proceeds of the Bonds will be used to acquire, design, and construct renovations, additions and improvements to existing facilities Market Value* $ Market Value % Capital Fund Budget: $40,000 Switches (if not completed in 22-23) $8,915 Miscellaneous project TBD Palisades Pennridge Quakertown Total 2,494,849,004 5,644,493,305 3,823,444,381 20.86% 47.18% 31.96% 100.00% 11,962,786,690 NEED: Annex building roof - Est. $57K Barn updates Est. $25K Cafeteria - need quotes Future: Annual Capital Contributions Debt Service 23/24: $239,246.75 Palisades: $0 Pennridge: $142,631.56 59.62% Quakertown: $96,615.19 40.38% *https://dced.pa.gov/local-government/boards-committees/tax-equalization-division/ NOTE: The Series 2014 bond was refinanced in Spring 2022. The Series 2015 is the only remaining bond. The proceeds of the Bonds were to be used to acquire, design, and construct renovations, additions and improvements to existing facilities and to pay the cost of issuing the Bonds. Palisades pre-paid their portion, Pennridge and Quakertown make debt services payments. Projected completion date: 3/1/2026 - last payment 14

Upper Bucks County Technical School Additional Staffing and Program Costs 23-24 Salary & Benefits Culinary HOCC $153,669.50 Ex. Science Additional program costs $149,284.22 $160,484.87 $64,873 Total increases $528,311.59 NOTE: 22-23 Budget JOC approved additional $300k to fund additional programs. Projected costs for 23-24 include additional $228,311.59. 15

Upper Bucks County Technical School Additional Staffing Options & Costs 23-24 Option 1 Computer Networking Salary $173,399.94 $68,447 Costs $241,846.94 Program Option 2 Specialized IA used for Law ($32,752) 2nd position (Ag) $152,098.44 Option 3 Both Programs $393,945.38 16

Thoughts and Comments 17