2010-11 Budget Documentpagination - r1

School
District of Cheltenham Township

2010-2011 Final Budget
For Adoption June 8, 2010

2000 Ashbourne Rd

Elkins Park, PA 19027
Montgomery County, Pennsylvania
www.cheltenham.org
INTRODUCTORY SECTION
SCHOOL DISTRICT OF CHELTENHAM TOWNSHIP
Organization
Board of Directors
Tina Viletto ........................................................................................................................... .President

Stephanie H. Gray ................................................................................................................. .Vice President
Theresa P. Austin .................................................................................................................. .Member
James F. Butt......................................................................................................................... .Member
Elizabeth A. Cataldi .............................................................................................................. .Member
Marc Lieberson ..................................................................................................................... .Member
D. Bonnie Perlmutter ............................................................................................................ .Member
David M. Rackow ................................................................................................................. .Member
Fredericka E. Waugh............................................................................................................. .Member
Karen Washington (non voting)............................................................................................ .Treasurer
Eileen Wolf (non voting) ...................................................................................................... .Secretary
Administration Building
2000 Ashbourne Road
(215) 886-9500 (215) 884-6929 (Fax)
Cheltenham High School

500 Rices Mill Road
Wyncote, PA 19095
(215) 517-3700 (215) 517-3771 (Fax)
Cedarbrook Middle School

300 Longfellow Avenue
Wyncote, PA 19095
(215) 881-6420 (215) 576-5610 (Fax)
Elkins Park School

8149 New Second Street
(215) 881-4941 (215) 635-7492 (Fax)
Cheltenham Elementary School

7853 Front Street
Cheltenham, PA 19012
(215) 517-4400 (215) 635-7548 (Fax)
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Glenside Elementary School (Modular)

8149 New Second Street
(215) 881-6440 (215) 886-6797 (Fax)
Myers Elementary School

7609 Montgomery Avenue
(215) 517-4540 (215) 517-4543 (Fax)
Wyncote Elementary School

333 Rices Mill Road
Wyncote, PA 19095
(215) 517-4601 (215) 885-7613 (Fax)
District Administration
(Cabinet & Principals)
Dr. William N. Kiefer ........................................................................................................... .Superintendent

Dr. Darlene G. Davis................................................................................................Assistant Superintendent
Matthew J. Malinowski..................................................................................... .Director of Business Affairs
Dr. Ray Bavi ......................................................................................................Director of Support Services
Lynne David.....................................................................................................Director of Human Resources
Doris Galante .................................................................................................. .Director of Special Education
Anne Spector......................................................................................................Director of Communications
Sue Tischler...................................................................................................................Director of Education
Dr. Elliott Lewis......................................................................................Principal, Cheltenham High School
Iris Parker .............................................................................................Principal, Cedarbrook Middle School
Carol Nejman ....................................................................................................Principal, Elkins Park School
J. Mia Kim................................................................................... .Principal, Cheltenham Elementary School
Bruce Williams ................................................................................ .Principal, Glenside Elementary School
Andrew Kuhn ....................................................................................... .Principal, Myers Elementary School
Crystal Clark .................................................................................... .Principal, Wyncote Elementary School
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Consultants and Advisors
Independent Auditors
Maillie, Falconiero & Company, LLP

Certified Public Accountants & Business Counselors
P.O. Box 680
Oaks, PA 19456-0680
Legal Counsel
Wisler Pearlstine, LLP

Office Court at Walton Point
484 Norristown Road, Suite 100
Blue Bell, PA 19422-2326
Financial Advisors for Most Recent Bond Issue
Public Financial Management, Inc.

One Keystone Plaza, Suite 300
N. Front & Market Streets
Harrisburg, PA 17101-2044
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ADMINISTRATION BUILDING
2000 Ashbourne Road ●Elkins Park, PA 19027-1100 ●215-886-9500 ●Fax: 215-884-6929
WILLIAM N. KIEFER, Ed.D., Superintendent

DARLENE G. DAVIS, Ed.D., Assistant Superintendent
June 8, 2010
Board of School Directors

School District of Cheltenham Township
2000 Ashbourne Road
Dear School Directors:
Attached, please find the proposed operating budget for the 2010-2011 fiscal year for the School
District of Cheltenham Township. The District Superintendent and the Director of Business Affairs, to
the extent possible, assume responsibility for data accuracy and completeness. This budget presents both
the District’s financial and operations plan, concomitant with all necessary disclosures.
Budget Presentation
The School District of Cheltenham Township strategically budgets an annual spending plan that
provides quality instruction and educational programs for all students while managing the District’s
resources in a prudent manner. The development, review, and consideration of the 2010-2011
Governmental Fund Budgets (the General Fund Budget, the Capital Projects Fund Budget, and the
Enterprise Fund Budget (inclusive of the Food Service Budget) were completed with a detailed and
exhaustive review of every revenue and expenditure item within the context of the District’s mission
statement, strategic plan, annual goals, and financial policies.
The economic recession throughout the world created a serious issue for our District in terms of
how to fund existing programs with strained revenue sources. Frozen credit markets created many
business failures resulting in employee layoffs and falling home sales and prices. These economic
conditions and the Federal Government’s response resulted in falling interest rates and a crisis on Wall
Street. While the District’s investment portfolio is conservative and safe, the falling interest rates, lower
salaries for our residents, and slower-paced home sales have all resulted in less revenue in the 2009-10
and subsequently reduced projections for 2010-11. On the expenditure side of our budget, the
administration responded to this funding crisis by proposing a year with reductions to expenditures in
certain areas with little to no impact on programs. Members of the administration carefully reviewed
reductions with administrators and staff to ensure programs could be maintained while realigning
resources. The Superintendent, Assistant Superintendent, and Director of Business Affairs provided
community outreach explaining the 2010-2011 budget in the local television channel.
The following pages contain budget information as prepared for the Board of School Directors and
our community. We welcome the opportunity to present and discuss operational plans and the related
financial impact with all interested parties. Interaction among vested constituencies has focused on
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operational and programmatic improvements aimed at providing a quality education to the students of the
School District of Cheltenham Township.
The primary purpose in the presentation of data related to the budget is to maximize the quality of
information to our community relative to the District’s educational programs and services for the 2010-
2011 fiscal year. The material in the budget document includes information that has been proposed by the
members of the School District of Cheltenham Township Board of School Directors, district
administration, community members, and staff.
Mission Statement, Goals, and Strategic Plan
The MISSION of the School District of Cheltenham Township is as follows: drawing on its cultural
richness, creativity, and tradition of scholastic excellence, the School District of Cheltenham Township
strives to nurture each child through a wealth of academic endeavors and community partnerships that
provide the skills and vision needed to lead a productive and meaningful life beyond our classroom walls.
District Goals for 2009-2010
The following district goals have been established for the current school term. Individual administrative
goals are linked directly to those established by the District. District goals for 2009-2010 are targeted for
completion by June 30, 2010. District goals are as follows:
1. Establish curricular and instructional precision

2. Establish a school environment and climate of excellence
3. Create systems for continuous improvement in policies, procedures, and practices
4. Consolidate academic and operational gains
STRATEGIC GOALS
The current district strategic plan was finalized on September 2008. In the fall of 2007 the district
conducted a series of on-going action team meetings from which they developed a new strategic plan
effective in 2008. A climate survey was initiated in May 2010 with a community meeting on the status of
the strategic plan in June 2010.
Budget Process and Allocation of Resources
The District engages in a comprehensive budget development process that is comprised of five
phases: planning, preparation, adoption, implementation, and evaluation. The budget process is driven
by two (2) primary objectives that include providing every child in the District with an appropriate
educational program while maximizing the utilization of available resources.
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Planning → Preparation → Adoption → Implementation → Evaluation
The budget planning process is initiated in September prior to the beginning of the fiscal year
when the Director of Business Affairs develops the budget calendar. The budget calendar includes all
important activities in the budgeting process; the dates on which seminal financial decisions are scheduled
to be made; and the person(s) responsible for providing input. These budget preparatory steps and related
processes provide the Board of School Directors and targeted staff with input into the budget process (and
thus a vested interest in budget preparation). The preparation of the budget is the process of defining
service levels to include the course offerings based on student enrollment projections concomitant with
the allocation of District resources to address staffing needs while estimating expenditures, and to support
programs and services in a fiscally sound fashion.
The preliminary budget for the District is submitted to the Board in January for their collective
review and input. Following the January meeting, the Board considers public input and comment on the
financial plan to fund the District’s educational programs and related services. Preliminary adoption
occurs in February. A proposed budget is presented in May. The final adoption of the budget occurs in
June. The implementation of the approved financial plan is accomplished through the established
budgetary and management procedures. Budget administration and management is the process of
regulating expenditures throughout the fiscal year to ensure that spending does not exceed authorized
amounts and that designated funds are used for intended, proper and legal purposes. The management of
the budget is accomplished in a variety of ways: monitoring program implementation; controlling
expenditures; tracking revenue receipts; making corrections in expenditure allocations to reflect cost
fluctuations, service levels or plans; and reporting to the Board and public on fiscal operations.
The final step in the budget process is the evaluation of the financial plan. The administration of
operational expenditures for the year are set forth annually in the District’s Year-End Audit and Annual
Financial Report filed with the PA Department of Education.
This rigorous budgeting process ensures that taxpayers’ monies are expended in a fiscally
responsible fashion within the goal of achieving the District’s mission.
District Initiatives
The challenges facing district administration in developing the 2010-2011 budget included
addressing staffing needs, educational program mandates and the facility requirements of the District with
projected a enrollment of 4457 students for the 2010-2011 school term.
In order to plan for the facility needs of the District, the School Board completed a district wide
Facility Study culminating in May 2010 with an effort to study the capacity needed to accommodate the
student population; the educational program requirements required for the delivery of services; and the
infrastructure of existing facilities.
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2010-2011
Building Enrollment
Grade 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

K-4 1,532 1,490 1,428 1,564 1,553 1,623
5-6 708 680 680 619 684 682
7-8 769 729 674 627 709 686
9-12 1,736 1,681 1,583 1,454 1,472 1,466
Total 4,745 4,580 4,365 4,264 4,418 4,457
The above chart represents enrollment comparisons for the past five years. Enrollment trends indicate
enrollment is projected to slightly increase.
All allocations for building budgets are formulated and staff resources determined according to
our enrollment forecast. The district projects enrollments based upon available information from the
Pennsylvania Department of Education, live birth records, and census information in consultation with an
enrollment projection report prepared by DeJong Healy in March 2010.
Personnel Resource Changes
The budget includes an increase of 5 full-time staff positions and 9 part-time positions.
Reductions Additions Total Staff

2007-08 2008-09 2009-10 2010-11 2010-11 2010-11
Professional 407 409 420 -4 3 419
Classified Staff 200 219 260 -11 11 260
Total* 607 628 680 -15 14 679
*Of the total positions approximately 10% are part-time.
Professional Staff Allocation by Building
The proposed professional staffing increases represent minimal increments given recent
enrollment increases and program needs; however, accounting for budget reductions in staff, there is a net
reduction of 1 professional staff position.
Summary of Budgets for All Funds
The following budgets are included in the District’s finance and operations plan: all governmental
funds including the General Fund Budget; the Capital Projects Fund Budget; the Capital Reserve Fund,
the enterprise fund; and the Food Service Fund.
The following schedules present a comparison of the proposed expenditures for all Governmental
and Enterprise Fund budgets for the current and prior year.
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Total Budgets for All Government Funds
Budget Budget %
Fund 2009-10 2010-11 Change
General Fund $ 94,430,144 $100,549,764 6%
Capital Reserve Fund School Code does not require a budget
Capital Projects Fund School Code does not require a budget

_______________________________________________________________________
Total Government Fund Expenditures $ 94,430,144 $100,549,764 6%
Budget Budget %
Enterprise Fund 2009-10 2010-11 Change
Food Service Fund $ 1,605,700 $ 1,594,097 (1%)
The District’s Food Service Fund (enterprise fund type) is primarily funded through the sale of
meals. The District also receives both state and federal financial support for the Food Service operations
in the form of donated commodities and cash subsidies. Despite the uncertainty of this funding source
given the discussions at the national level, the District has not changed assumptions about the operation of
the School Lunch program. Accordingly, federal sources of revenue to support the operation of the
School Lunch program are included in the proposed Enterprise Fund budget. The proposed 2010-2011
Food Service budget will not require an increase in breakfast or lunch prices to maintain self-sustaining
operations.
It is important to note that Pennsylvania School Code does not require the adoption of a food
service budget. However, the district adopts one to ensure program needs are met with no general
operating contribution.
Analysis of Proposed Budget – General (Operating) Fund
The General (Operating) Fund is intended to finance instructional programs and daily operations
that support those programs. The education of students is a labor-intensive enterprise that is reflected in
the personnel costs. The workforce of the District is determined by the staffing policies and guidelines of
the Board on the basis of projected student enrollment and curriculum requirements. Personnel costs are
based on conditions of employment established by collective bargaining agreements. For the 2010-2011
fiscal year, salaries are budgeted to consume 48% of total expenditures in the General (Operating) Fund
and, consistent with prior years, accounts for the largest part of the operating budget. Total salaries are
projected to increase 2.09%, which provides for increases in compensation for existing employees as well
as proposed additional positions. The total increase in salary accounts for $3,884,656 or 63% of the
$6,119,620 proposed increase in the 2010-2011 operating budget.
For 2010-2011 the total budget for benefits is projected to increase 12% or $2,071,725. Employer
Contributions for Social Security, Tuition Reimbursement, and Workman’s compensation as a whole will
be held in line with 2009-2010 budget allocations. PSERS contributions will increase from 4.78% to
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8.22% (a 72% increase). The district receives contributions toward medical insurance from all staff to
offset a portion of the overall medical costs.
The district’s total operating expenditures are projected to increase by $1,912,032 or 7.61%.
Operating expenditures include transportation, out-of-district placement, charter schools, books, supplies
and equipment. In 2010-2011, the district will implement reductions in many of these areas to include the
migration to an electronic purchasing program, decreased paper usage, and other various modifications
with no programmatic impact. The increase in this area represents 31% of the overall budgeted increase
for 2010-2011. The majority of the cost increase in this area are mandates for pupil placement,
transportation, and facility expenditures.
The district’s total debt service is projected to decrease from 2009-2010 to 2010-2011 by
($269,688) or (5%). This decrease is due to the refinancing of a portion of the district’s outstanding debt
service whereby the district took advantage of market conditions to achieve over $315,000 in cost savings
in May 2010.
A summary schedule of operating expenditures by object (expenditure category) is presented

below:
Budget Budget %
Object 2009-10 2010-11 Change
Salaries & Benefits $ 61,943,721 $ 67,900,102 9.6 %
Operating Expenses $ 25,124,867 $ 27,036,899 7.6 %
Debt Service $ 5,882,451 $ 5,612,763 (4.6 %)
Total General Fund Expenditures $ 92,951,039 $100,549,764 8%
General Fund Expenditures

(Comparison of Total Expenditures of Current Budget)
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2010-2011 Expenditure Reductions
It was necessary for the administration to explore and implement numerous expenditure reductions
for 2010-2011. The following chart details such reductions. It is expected that the reductions will have
no impact on program delivery.
REDUCTION AMOUNT
Reduction in paper usage at buildings $1,000
Elimination of direct deposit stubs and migration to “E stubs” $1,500
Examine individual printers/print management $2,000
Reduce various operational areas of building budgets $5,000
Improve efficiencies in contract administration of pupil services $5,000
Restructure a BEC position at administration building $15,000
Reduce 2 lunch aide positions at the high school $15,000
Implement technology software to reduce energy costs $18,000
Reconfigure extra duty/extra pay units and positions $18,000
Demote district-wide media teacher position $20,000
Demote 12 month psychologist to 10 month position $20,000
Demote special education support assistant positions $30,000
Reduce 1 on 1 high school aide position $30,000
Eliminate Twilight Program Coordinator $50,000
Transfer communication budget allocation to grants and partnerships $50,000
Restructure 2 professional employees to one-time job sharing $50,000
Demote dental hygienist/high school ISS position $50,000
Demote 2 high school business education positions $100,000
Demote curriculum associate positions $100,000
Eliminate Unified Arts Department Chair position $120,000
Reduce estimates for technology projects $125,000
Reduce new staffing needs from preliminary budget $130,000
Reduce debt service payments through refinancing $150,000
Reduce facilities accounts $250,000
Furlough one library support staff position at each school $350,000
Eliminate permanent per diem substitutes $400,000
TOTAL - $2,105,500
Analysis of Proposed Budget – Enterprise Fund
Revenue to support the food service program is principally derived from the sale of food products
to the students and faculty of the District during the school day. The food service program also currently
receives state and federal support in the form of cash and commodities. Food service operations are
projected to be self-supporting and will, therefore, not require a contribution from the General Fund in the
2010-2011 fiscal year.
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Resources to Support Operations
Programs and services included in the General Fund Budget are primarily supported by local and
state sources of revenue. A comparison of revenue sources to support operations for the current and
proposed General Fund Budgets are presented below.
Budget Budget %
Revenue Sources 2009-10 2010-11 Change
Local Sources $ 78,382,329 $ 82,593,883 5.4%
State Sources $ 14,838,684 $ 16,607,562 11.9%
Federal Sources $ 1,204,131 $ 849,319 (29.7%)
Other $ 5,000 $ 502,000 6.5%
Total General Fund Revenue $ 94,430,144 $ 100,549,764 6.5%
Financial Support for District operated programs and services are increasingly derived from local
sources of revenue, primarily the property tax. The following graph presents the sources of revenue to
support the proposed operating budget.
2010-2011 Revenues
The local sources of revenue to support the operations budget represent 84% of total available
funds. Of this amount, the largest source of revenue available to the District is the property tax that is
derived from current, interim, and delinquent real estate tax payments. Above is a graph that presents the
various sources of local revenue included in the proposed budget to support General Fund operations for
the 2010-2011 fiscal year.
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State Funding
Change in Revenue Sources from 2001-2011
2000- 21.08% 78.28% 0.64%

Yea 2001
% Revenue from
r
State
% Revenue from
2010- 13% 87% <1
Local
% Revenue from
2011 %
Federal
0 20 40 60 80 100
% % % % % %
Percentage of
Budget
The bar charts illustrate the shift for the support of educational programs by a comparison of the
State support for instruction provided to the District in the 2000-2001 fiscal year and the amount of State
subsidy for instruction anticipated in 2010-2011. If the State continued to provide the same level of
support to the District for instruction as provided in 2000, the District would receive $4,588,328 more in
additional State support. This would permit a reduction in property taxes of 16.64 mills or a reduction in
taxes of 40% for each real estate taxpayer.
Historically there has been substantial shift in the burden of funding the school districts’
educational programs and services from the State to the local level. This shift in burden abrogates the
historic partnership between the local community and State government for the education of students in
public schools. The trend has also been accompanied by an increasing number of unfunded State
mandates, particularly in the areas of special education and student assessment.
Overall, State sources of revenue are projected to remain constant for next year. Total state
sources are projected to fund 13 % of the 2010-2011 General (Operating) Fund budget.
Given the lack of additional state and federal resources combined with the need for additional
instructional needs to accommodate the academic program, the tax rate on property is budgeted to
increase by 2.36 mills for the 2010-2011 fiscal year. The District has been faced with funding increased
capacity needs--special education costs and technology initiatives--in an economy where State funding for
education continues to decline.
Federal Revenue
Although federal sources of revenue do not represent a significant revenue source to the District
for the general operating budget, funding for Title programs are projected to decrease federal revenues
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from $1,204,131 in 2009-2010 to $846,319 in 2010-2011. This reduction is the result of the elimination
of federal stimulus funds.
Assessed Value
The estimated assessed value for the 2010-2011 fiscal year is $1,909,148,547.
ANALYSIS OF REAL ESTATE MILLAGE OVER THE PAST TEN YEARS
Actual Actual Actual Actual Actual Actual Actual Actual Actual Proposed
01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11
Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal
Year Year Year Year Year Year Year Year Year Year
Millage Rate 24.338 26.039 26.970 28.384 30.55 32.651 35.422 37.25 39.24 41.60
Millage Increase 1.707 1.701 .931 1.414 2.166 2.101 2.771 1.828 1.99 2.36
Act 1 OF 2006
In a Special Legislative Session in 2006, the Pennsylvania State Legislature approved Act 1 which
was intended to provide tax reform for school communities in a number of ways. First, it was intended to
require local school boards research and provide their communities with the option of shifting taxes from
real estate to an income base. If a switch was to be made, part of that change was to gauge the preference
of the community for an earned income tax base or a personal income tax base.
Additionally, Act 1 limited the ability of school districts to increase millage rates above an
inflationary percentage called an ‘index’. This index is set annually by the State. If a school system
requires millage rates above this index to balance their budget, one of two choices must be made. Either
the school must submit a request to the State to have additional millage approved as an exception to the
limit, or they must have the higher rate approved through a referendum vote in the community during the
Primary Election. Finally, Act 1 enables schools to reduce their real estate taxes through ‘homestead
exclusions’ to rebate gambling money back to residents who own and live in their homes. Our community
voted against the tax shift from property taxes to income based taxes, but we are still bound by the index
limitation on our annual millage increase.
Index Limit
For the 2010-2011 Budget, our index limit is 2.9% over the 2009-2010 real estate tax rate of 39.24
mills. That maximum tax rate is 41.60 mills. We were granted exceptions to the index which permits a
maximum millage rate of 41.60 mills which is the tax levy in the 2010-2011 budget.
Number of Properties
During the past year, the number of taxable properties on the tax rolls increased from 10,830 to
10,841, an increase of 11 properties.
Unemployment
Job growth in Montgomery County remains stable with an unemployment rate of 7.6% in
February 2010. Pennsylvania’s unemployment rate was 8.9% for that same period. Major employers in
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the region include public and private service, education, and government (information quoted from
January 2010 www.paworkstats.state.pa.us).
Student Performance Measurements
The District determines success of its educational mission through the measurement of student
achievement. Competency in basic skills such as reading, writing, and mathematics, along with
performance on standardized achievement tests, are some of the tools used to measure the quality of
education provided in the School District of Cheltenham Township.
The No Child Left Behind Act and the State of Pennsylvania’s accountability system have placed
unfunded mandates in the area of school performance in relationship to every student’s achievement.
Every student is to meet the same achievement objectives by 2014, regardless of the individual student’s
ability level. Every school is expected to show continuous academic growth in all subgroups of students.
Improvement is driven and measured in several instructional areas, such as special education, limited
English proficiency, remediation, enrichment and instructional strategies for poverty students. A school
that does not meet or achieve adequate yearly progress (AYP) toward its growth target or subgroup
performance will enter into school improvement.
A summary of the School District of Cheltenham Township’s state scores for Spring of 2009 is
below. The data compares the overall district performance to state performance. The School District of
Cheltenham Township exceeds the state average in every subject area.
County-Comparison
The following chart provides comparison data for the school districts that comprise Montgomery
County. It is important to take note that the information presented is prepared by the Pennsylvania
Department of Education and includes “average daily membership”, free and reduced lunch numbers, the
estimated market value/personal income ratio, equalized millage, and 2008-09 estimated actual general
fund spending as reported in the annual financial report.
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The market value/personal income ration or MV/PI is utilized in the calculation of not only the
basic education subsidy received from the Pennsylvania Department of Education but also in the
calculation of the Act 1 index which limits the annual real estate tax index without applying for either
exceptions from PDE or voter referendum.
Acknowledgements
The Administration appreciates the fiscal support provided by the School District School of
Cheltenham Township Board of School Directors and the Community for development, implementation,
and maintenance of an appropriate educational program for the children of the District.
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ORGANIZATIONAL SECTION
MISSION
The MISSION of the School District of Cheltenham Township is as follows: drawing on its
cultural richness, creativity, and tradition of scholastic excellence, the School District of Cheltenham
Township strives to nurture each child through a wealth of academic endeavors and community
partnerships that provide the skills and vision needed to lead a productive and meaningful life beyond our
classroom walls.
LOCATION
The School District is located in the residential suburbs bordering the City of Philadelphia,
Pennsylvania. Its boundaries are coterminous with those of the Township of Cheltenham, Pennsylvania,
which is located in the County of Montgomery, Pennsylvania directly north of Philadelphia and covers an
area of 8.8 square miles. The School District is bound on the west by the Township of Springfield and on
the north by the Township of Abington and the Borough of Jenkintown. Included in the School District
are the following unincorporated communities: Cedarbook, Edge Hills, LaMott, Ogontz, Elkins Park,
Cheltenham, Laverock, Rowland Park, Glenside, Chelten Hills, Melrose Park and Wyncote. The 2000
Census indicates that the population served by the School District was approximately 36,875.
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COMMUNITY
The School District is primarily residential in character with approximately 85% of the community
consisting of private homes. There is a representative number of commercial establishments for a
residential area and a few manufacturing concerns. The School District is home to many professionals
who are employed in Center City Philadelphia which is easily accessible by the Southeastern
Pennsylvania Transportation Authority’s mass transportation system.
EXPLANATION OF THE SCHOOL ENTITY
The School District operates a high school, middle school, a grade 5-6 building, and four k-4
elementary schools. The grades housed, pupil capacity and the date of construction is as follows:
Original Addition/ Rated

Construction Renovation Pupil 2008-09 2009-10
Building Date Date Grades Capacity Enrollment Enrollment
Elementary:
Cheltenham .............................. 1952 1956/88 K-4 450 380 411
Glenside ................................... 1993 2011 K-4 450 362 349
Myers ....................................... 1922 1967/2009 K-4 500 378 383
Wyncote .................................. 1943 1996/97 K-4 550 414 406
Elkins Park .............................. 1953 1989 5-6 700 654 671
Secondary:
Cedarbrook Middle ................. 1970 --- 7-8 900 661 695
Cheltenham High ..................... 1959 1967/99 9-12 1,900 1,501 1455
The District is a political subdivision of the Commonwealth created to assist in the administration
of the General Assembly’s duties under the Constitution of Pennsylvania to “provide for the maintenance
and support of a thorough and efficient system of public education to serve the needs of the
Commonwealth”. The District is governed by a board of nine School Directors who are residents of the
School District and who are elected every two years, on a staggered basis, for a four-year term. The
Directors serve on the Board without compensation. The Board of School Directors has the power and
duty to establish, equip, furnish, and maintain a sufficient number of elementary, secondary, and other
schools necessary to educate every person residing in the District between the ages of six and twenty-one
years.
The Superintendent is the chief administrative officer and chief instructional officer of the District
and is responsible for the administration and operation of the public school system. He/she oversees all
matters pertaining to instruction. The Superintendent manages the District with the assistance of members
of Cabinet which includes the Assistant Superintendent, Director of Business Affairs, Director of Support
Services, Director of Human Resources, Director of Special Education, Director of Education, Director of
Communications and Development and the Building Principals. The District is a legally autonomous and
fiscally independent entity under the laws of Pennsylvania. The laws of Pennsylvania give the District
corporate powers that distinguish it as a legally separate entity from the Commonwealth of Pennsylvania
and any of its political subdivisions. The District has the power to determine its budget; to approve and
modify that budget; to levy taxes, set rates and establish charges, and issue bonded debt. The powers may
be exercised without substantive approval by another government.
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The District is subject to the general oversight of the Pennsylvania Department of Education on
matters that are relevant to the determination of fiscal independence. The oversight generally includes an
approval process that is compliance oriented and is more ministerial than substantive in nature.
STRATEGIC PLANNING
The Public School Code of 1949 (24 P. S. § 26-2603-B) dictates the strategic planning process for
each school district in Pennsylvania. This process is detailed below.
Every school district shall develop and file with the Department a strategic plan once every 6 years
and review that plan for revision at the mid-point according to an implementation schedule developed by
the Department. The Department will notify each school district, by letter, of the due date for submission
of the school district’s plan to the Department at least 1 calendar year prior to its due date. A school
district plan must incorporate appropriate components of the plan submitted under subsection by the area
vocational-technical school in which the district participates. In the development of a strategic plan, a
school district will, upon request, receive technical assistance from the Department
The strategic plan must be based upon an analysis of internal and external needs, leading to the
specifications of priorities for action and action plans. The plan must include the following components in
addition to others the school district determines to include:
(1) A mission statement.
(2) A listing of the school district’s educational and organizational goals as they relate to student
achievement and high school graduation requirements.
(3) A description of academic standards for student achievement.
(4) The planned instruction to be offered and the instructional and assessment practices to be used to
strive for the academic goals and attain academic standards.
(5) An assessment plan to determine the degree to which students are achieving academic standards
including descriptions of methods and measures used to determine achievement, how information from
the assessments shall be used to assist students who have not demonstrated attainment of the academic
standards at a proficient level or higher and how information from the assessments shall be made
available to the public.
(6) A plan for improving students’ achievement, including specific, measurable goals for student
growth and plans that are designed to attain students’ achievement goals. Achievement goals must
demonstrate a connection to the academic standards.
(7) The professional development plan and the induction plan.
(8) A description of the school district’s organization and organizational goals and their relationship to
differing student needs within the school district’s goals and the attainment of academic standards .
(9) A description of the professional personnel, school library, classroom and other resources the
school district plans to devote to the attainment of academic standards.
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(10) A brief description of the process used to develop the strategic plan, including a list of persons
involved in its development.
(11) A plan for additional instructional opportunities for students not achieving at the proficient level
including identification procedures, alternate instructional strategies, monitoring of assessment procedures
and opportunities for extended learning time.
Strategic plans, the 6-year plan, mid-term review report, annual updates and other revisions to the
plan, shall be developed through active participation by parents, students, school directors, teachers,
school administrators, other school personnel and business and community representatives. Teacher
representatives shall be chosen by teachers and administrative representatives shall be chosen by the
administrative personnel; and school director representatives shall be chosen by the board of the school
district.
Prior to its approval by the Board of School Directors, the strategic plan and revisions of it shall be
made available for public inspection in the school district’s offices, on the school district’s web site and
nearest public library until the next regularly scheduled board meeting or a minimum of 28 days
whichever comes first. The plan shall be filed with the Department after it is recommended by the school
superintendent of record or chief executive officer and is approved by the school district’s board of
directors or. If the board of directors or trustees alters the proposed strategic plan developed it shall
consult with the committee which developed it to reach the greatest possible consensus prior to its
submission and include any minority report which is developed.
A locally approved strategic plan shall remain in effect until it is superseded by a locally approved
revision or a new strategic plan is developed.
2009-2010 GOALS
1. Establish curricular and instructional precision

2. Establish a school environment and climate of excellence
3. Create systems for continuous improvement in policies, procedures, and practices
4. Consolidate academic and operational gains
These goals are tied into the operations of not only the School Board but also each administrator
and building principal who provide monthly updates to the Superintendent on the achievement of goals.
The costs associated with each goal are presented within the overall budget as programs which address
these goals are included in the spending plan. For example, upgraded software within the technology
budget would be an expenditure that would tie to goals numbered two, three and four. An annual report
produced in cooperation with Cheltenham Township provides an update to the community on the
accomplishments of the school district.
CHELTENHAM ACHIEVMENTS
• The Class of 2010 achieved an impressive record in National Merit recognition and Advanced
Placement (AP) Scholar awards: four Merit semifinalists, one National Achievement semi-finalist,
15 Merit commended and one National Hispanic Recognition finalist.
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• 68 students earned AP Scholar Awards for exceptional achievement, with three earning National
AP Scholar status for scoring 4 or 5 in eight AP tests. The School District offers 26 AP courses –
the highest number in Montgomery County – which are open to all students.
• While every school in the District made Adequate Yearly Progress on the standardized PSSA
tests, several rated special recognition. Cheltenham High School achieved the largest 11th grade
math and reading gains in Montgomery County. Wyncote Elementary School was recognized for
its Title 1 student increases. And our elementary school scores earned Keystone Achievement
Awards for Academic Achievement.
• A team of dedicated teachers and administrators from Cedarbrook Middle School won the
National Middle School Association’s Grand Prize for Teams That Make A Difference. The team
was nationally recognized for successfully leading its staff in a positive strategic examination of
their instructional practices, which significantly enhanced the climate, culture and perception of
the school.
• High School Assistant Principal Dr. Jill Clark was named Pennsylvania’s Assistant Principal of
the Year, 2009-2010.
• All seven Cheltenham schools proudly wear the title of a No Place for Hate school. To earn this
designation, each school formed a No Place for Hate committee, pledged to create a more
inclusive school and implemented projects designed to promote respect for differences.
• Our students discover their leadership skills early thanks to the Student Leadership initiative,
which provides boys and girls the opportunity to become civically engaged. Whether working
with the First Lady of Pennsylvania Judge Marjorie O. Rendell or representing the School District
at the Delaware Valley Minority Consortium, students learn how to make their voices heard to
affect positive change.
• The 2009 Annual Philadelphia Young Playwrights’ (PYP) competition named 26 Cheltenham
students in grades 3 to 12 as award-winning playwrights. Our 20-year partnership with PYP is
another way we build stronger student voices!
• Music permeates the halls of all Cheltenham schools. A new violin program for 3rd and 4th grades
is already a smashing success. Several hundred students take part in classes offered during student
enrichment periods, lunch or recess.
• District music programs continue to produce outstanding performances from remarkably talented
students. In 2009, ten choral students – chosen from a field of 1,000 – were selected for the
Pennsylvania Music Educators Association’s District Chorus, and the High School Marching
Panthers were recognized at the Cavalcade of Bands East Coast Championships.
• The Cheltenham Landmark After-School Program (CLASP) provides before- and afterschool care
for Cheltenham students in grades K-6. The program features activities proven to improve
academic skills, promote physical and emotional well-being, and build self-esteem and social
relationships. Before-school care starts at 7:00 a.m. and lasts until classes begin, and after-school
care runs from the end of the school day until 6:30 p.m.
• Cedarbrook Middle School was recognized as a 2010 Pennsylvania School to Watch.
• From June through December 2009, the District pursued and acquired over $1.5 million in grants
to further expand student opportunities. These grant-funded programs included:
o A state Department of Environmental Protection Education Grant for building an outdoor

classroom at Elkins Park School.
o A Federal Preventative Health and Health Services Block Grant with matching funds from
Independence Blue Cross for an innovative physical education program at Cedarbrook
Middle School.
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o A Learn and Serve America Grant for a community service learning initiative at
Cheltenham High School. an innovative health and wellness curriculum and guest speakers
to support our No Place for Hate environment.
o A Dual Enrollment Grant for seniors to experience university-level coursework.
FUND STRUCTURE AND ACCOUNTING
The accounting system of the School District is organized on the basis of funds. Each fund is
considered a separate accounting entity, with a set of self-balancing accounts that comprise its assets,
liabilities and fund equity, revenues and expenditures or expenses, as appropriate. School District
resources are allocated to and accounted for in individual funds based upon the purpose for which they are
to be spent and the means by which spending activities are controlled.
The fund classifications used by the School District have been defined by generally accepted
accounting standards that include three broad fund types: governmental, proprietary, and fiduciary.
Resources segregated into the Governmental Fund types are those used for the usual school services
financed by local taxes, state subsidy and federal aid. The District uses three types of Governmental
Funds: a General Fund, a Capital Projects Fund, and a Special Revenue Fund (Capital Reserve Fund and
the Athletic Fund). The General Fund is the operating fund of the School District. Capital Project Funds
are used to account for financial resources to pay for the renovation, acquisition or construction of major
capital equipment and facilities. Special Revenue Funds are maintained to account for the proceeds of
specific revenue sources that are legally or administratively restricted to expenditures for specified
purposes. The Capital Reserve Fund, a Special Revenue Fund, is restricted to expenditures for capital
items and debt service. The Athletic Fund, another Special Revenue Fund, is restricted to expenditures for
athletic activities.
Resources segregated into the Proprietary Fund category are those used to finance activities
similar to those often found in the private sector. The activities are usually financed, at least partially,
from a user charge. The District uses only one Proprietary Fund: an Enterprise Fund (the Food Service
Fund). The Food Service Fund is used to account for all revenues, food purchases, costs and expenses
pertaining to food service operations which are financed and operated in a manner similar to private
business enterprises where the stated intent is that the cost, including depreciation and indirect costs, of
providing goods or services to the students on a continuing basis are financed or recovered primarily
through user charges.
Resources segregated into the Fiduciary Fund are those held by the School District as a trustee for
some other entity or group. The District uses two Fiduciary Fund types - Trust Funds and Agency Funds.
Trust Funds are used to account for scholarship funds held by the District in a custodial capacity and
include both expendable and nonexpendable trusts. The Agency Fund is used to account for the receipts
and disbursements of monies from student activity organizations. These organizations exist at the explicit
approval of and are subject to revocation by the District’s governing body. This accounting reflects the
District's agency relationship with the student activity organizations. The District is not required to adopt
a budget for any fund other than the general fund. Information on the Capital Project Fund Budgets, and
the Enterprise (Food Service) Fund budget are presented in this document in narrative form, but since
their development is not a requirement they are not presented in the full form and extent as the general
fund budget. The school district does not prepare a budget for its fiduciary funds.
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CLASSIFICATION AND PRESENTATION OF REVENUE AND EXPENDITURES
The Pennsylvania Department of Education has adopted a system for the classification of revenue
and expenditures based on generally accepted accounting standards for school entities. The system is used
for budgeting, accounting, and financial reporting in compliance with Generally Accepted Accounting
Principles (GAAP), as established by the Governmental Accounting Standards Board (GASB). The
classification and coding structure to record financial transactions under the accounting system provides
for three basic types of activity: revenues and other financing sources; expenditures and other financing
uses; and transactions affecting the balance sheet/statement of net assets only. For each type of
transaction, the specific account code is made up of a combination of dimensions. Each dimension
describes one way of classifying financial activity.
As required by the Pennsylvania Department of Education, the District classifies revenues by fund
and revenue source dimensions. Revenues are segregated into three sources: Local Sources, State Sources,
and Federal Sources. Local sources include such receipts as property taxes and interest on investments.
State sources consist of monies received by the District from the Commonwealth of Pennsylvania among
which are funds to support the basic instructional program, special education services, and the
transportation of students. Federal sources are those funds provided by the federal government, of which
the largest is the Title I program for disadvantaged students. The Department also requires the District to
classify expenditures by a combination of dimensions. The required expenditure dimensions include:
fund, function, object, funding source, and instructional organization. The function dimension is used to
classify expenditures according to the principal purpose for which expenditures are made (e.g. Instruction
and Support Services). As used in the expenditure classification system, the object dimension applies to
the article purchased or the service obtained (e.g. Salaries, Fringe Benefits, Supplies and Equipment).
While not required, the District also classifies expenditures by operational unit, responsibility cost center,
subject matter and job classification dimensions. The responsibility cost center dimension (e.g.
instructional services and transportation) is used to classify expenditures by operational units defined by
the District.
The District is legally required to prepare budgets at the fund, function and object level of
classification. Accordingly, revenue and expenditures are presented herein at the level required by the
Department of Education. The District also presents expenditures by responsibility cost center in this
document since it is the classification system used to manage and control the resources provided for
educational programs and services. A cross-classification of responsibility cost center expenditures by
function and by object is also presented. This presentation provides management with meaningful
perspectives on spending.
Revenue classifications and related descriptions are presented on the pages to follow. Expenditure
classifications and related descriptions are presented on the upcoming pages after revenue classifications.
These classifications are referred to throughout this document and represent a consistent budget and
financial reporting process for the School District and for readers of this document.
REVENUE CLASSIFICATION
6000 LOCAL REVENUE SOURCES

Revenue produced within the boundaries of the District and available to the District for its use.
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6111 Current Real Estate Tax
Real Estate Tax is the main source of revenue for funding the operation of the Susquehanna Township
School District. It is based on the assessed valuation as determined by the Dauphin County Board of
Assessment, of all taxable property within the School District and is collected through a bank-operated
lock box.
6112 Interim Real Estate Tax

Interim taxes are levied under Act 544 of 1952 (Section 677.1) on the increase in assessed valuations
of local property as a result of construction or improvements to that property during the school year.
6113 Public Utility Realty Tax

Lands and structures owned by public utilities and used in providing their services are subject to state
taxation under Act 66 of 1970. The state collects and then distributes a prescribed sum among local taxing
authorities including school districts and that payment of state tax is in lieu of local taxes upon public
utility realty.
6143 Local Services Tax

Revenue received under Act 511 for flat rate assessment of occupational privilege taxes. The occupational
privilege tax is levied on resident and non-resident individuals employed within the taxing district for the
privilege of engaging in an occupation.
6151 Earned Income Tax

Earned income taxes are levied under Act 511 of 1965 (Local Tax Enabling Act) at the rate of one half of
one percent (.5%) of wages, salaries, commissions, net profits or other compensation of those who earn
income and reside within the School District.
6153 Real Estate Transfer Tax

Transfer tax is levied under Act 511 at the rate of one half of one percent (.5%) of the value on the
transferring of real estate or interest in real property situated within the boundaries of the School District.
6157 Mercantile Tax

Mercantile taxes are levied under Act 511 on gross receipts of wholesale and retail vendors or dealers in
goods, wares, and merchandise and all persons engaged in conducting restaurants or other places where
food, drink or refreshments are sold. The rates are one half (1/2) mill on each dollar of gross business
conducted by wholesale vendors and three-fourths (3/4) mill on each dollar of gross business conducted
by retail vendors.
6400 Delinquent Taxes

Delinquent taxes are taxes that were not collected during the original year of issue. Included here are
the applicable interest and penalties on tax revenue classified as delinquent.
6500 Interest on Investments

Interest on investments is revenue received from the investing of School District money as it becomes
available in investment vehicles as permitted by Pennsylvania law. Investments are made through
programs provided by Fulton Financial Advisors and are consistent with provisions of the School Code.
6700 Revenues from Student Activities

Revenues resulting from co-curricular and extra-curricular activities controlled and administered by the
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LEA. These revenues are not to be commingled with the proceeds from student activities which should be
accounted for in agency funds.
6820 Revenue from Intermediate Sources – Commonwealth Funds

Revenue received through an intermediate source as agent of the Commonwealth.
6830 Revenue from Intermediate Sources – Federal Funds

Revenue received through an intermediate source as agent of the Federal Government.
6900 Other Local Revenue

Revenue from local sources not classified above.
6910 Rent of Facilities

Rent of Facilities is revenue received from various government bodies, organizations, and civic groups for
the rental of the District's buildings and facilities.
6940 Tuition from Patrons

Tuition from patrons includes regular day school tuition for non-resident students temporarily living
within the School District boundaries; revenue received from students, their parents or their guardians for
summer school education provided by the School District; revenue received for adult education programs
operated by the School District; and revenue received from other school entities for mainstreaming of
special education students in district regular education programs.
6990 Miscellaneous Revenue

Revenue from local sources not classified elsewhere.
7000 REVENUE FROM STATE SOURCES

Revenue from funds produced within the boundaries of and collected by the state and distributed to
school districts in amounts different proportionately from the amounts collected within such school
districts.
7100 Basic Instructional and Operating Subsidies

Revenue received from Commonwealth appropriations as subsidy for basic instruction and operations.
(Revenues are not recorded to this account but to the following 7100 subaccounts.)
7110 Equalized Subsidy for Basic Education

The Equalized Subsidy for Basic Education (ESBE) is the major grant program through which funds are
distributed from the State to school districts. The first five payments, each equivalent to 15% of the
estimated net subsidy, are made on the fourth Thursday of August, October, December, February and
April. The balance due is paid on June 1.
7140 Charter Schools

Revenue received from the Commonwealth of PA to fund the Charter Schools initiative. The revenue
includes money for Nonpublic Transfers and Transitional Grants. Record the State revenue received for
Charter Schools to the following detailed accounts, where applicable.
7160 Tuition for Orphans and Children Placed in Private Homes

Revenue received from the Commonwealth as tuition for children who are orphans and/or children
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who are placed in private homes by the court. Payments are made in accordance with Sections 1305 and
1306 of the School Code.
7200 Subsidies for Specific Educational Programs

Revenue received from Commonwealth appropriations as subsidy for specific educational programs.
7210 Homebound Instruction

Revenue received from the Commonwealth as subsidy for expenses incurred on account of instruction of
homebound pupils. Payments are made in accordance with Section 2510.1 of the School Code. Payments
in this category have currently been suspended.
7270 Special Education of Exceptional Pupils

Revenue received from the Commonwealth as subsidy for the cost of instructing exceptional children.
Payments are made in accordance with Section 2509 and/or 1373.1 of the Public School Code.
7300 Subsidies for Non-educational Programs

Revenue received from Commonwealth appropriations as subsidy for non-educational programs.
7310 Transportation (Regular and Additional)

Revenue received from the Commonwealth as subsidy on account of pupil transportation expenditures
and/or board and lodging in lieu of transportation. Payments for pupil transportation are made in
accordance with Section 2541 of the Public School Code. Payments for board and lodging in lieu of
transportation are made in accordance with Section 2542 of the Public School Code.
7320 Rental and Sinking Fund Payments/Building Reimbursement Subsidy

Revenue received from the Commonwealth as a full or partial subsidy payment on account of approved
lease rentals, sinking fund obligations, or any approved lease rentals, sinking fund obligations, or any
approved LEA debt obligations for which the Department of Education has assigned a lease number.
7330 Health Services

Revenue received from the Commonwealth as subsidy on account of health services, including, medical,
dental and nurse services. Payments are made in accordance with Section 2505.1 of the Public School
Code and Act 25.
7340 State Property Tax Allocation

Revenue received from the Commonwealth of PA designated for school district property tax reduction.
Payments are made in accordance with section 505 of Special Section of Act 1 of 2006.
7500 Extra Grants

Revenue received from the Commonwealth as extra grants not specified elsewhere in the Revenue from
State Sources section. (Subaccounts may be established if more than one extra grant is received.)
7501 PA Accountability Grants

Revenue received from the Commonwealth of PA authorized by Act 48 of 2003 for school districts to
implement research-based programs to boost student achievement.
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7502 Dual Enrollment Grants
Revenue received from the Commonwealth of PA to allow high school students to earn college credits
while completing high school.
7599 Additional Grants

Revenue received not specifically accounted for elsewhere in the 7000 series of accounts. Include in this
revenue code payments received for ELECT, school demonstration grants and from other State agencies
such as the Department of Environmental Resources and DCED.
7810 Revenue for Social Security Payments

Revenue received from the Commonwealth designated as the Commonwealth's matching share of the
employer's contribution of the Social Security Taxes for covered employees which are not
federally funded.
7820 Revenue for Retirement Contributions

Revenue received from the Commonwealth designated as the Commonwealth’s required share of
contributions to the Public School Employers’ Retirement System (PSERS).
7900 Revenue for Technology

Revenue received for technology initiatives that allow the school to develop new information technology
projects, such as additional or improved computer hardware, software and network infrastructure.
(Revenues are not recorded to this account but to the following subaccounts)
8000 REVENUE FROM FEDERAL SOURCES

Revenue from funds collected by the Federal Government and distributed to school districts in amounts
that differ in proportion from those which were collected within such school districts.
8300 Restricted Grants Directly from the Federal Government

Revenue received directly from the Federal Government as grants to the school district which must be
used for a categorical or specific purpose. (Revenues are not recorded to this account but to the following
subaccounts.)
8500 Restricted Grants-in-Aid from the Federal Government

Revenue received from the Federal Government through the Commonwealth of PA as grants to the LEA,
which must be used for a categorical or specific purpose.
8513 Education of Disadvantaged Children - ECIA, Title l

Revenue received for the education of disadvantaged children under the Education Consolidation and
Improvement Act Public Law 97.35, of 1981, Title 1 (formerly Chapter I).
8514 NCLB, Title I – Improving the Academic Achievement Of The Disadvantaged

Revenue received for the education of disadvantaged children under NCLB.
8515 NCLB, Title II – Preparing, Training and Recruiting High Quality Teachers and Principals
Revenue received for the education of children under NCLB Title II.
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8517 NCLB, Title IV – 21st Century Schools
Revenue received for the education of children under NCLB, Title IV. Includes funding for Safe and
Drug-Free Schools and Communities, and 21st Century Learning Communities (list not all inclusive).
8518 NCLB, Title V – Promoting Informed Parental Choice and Innovative Programs
Revenue received for the education of children under NCLB, Title V. Includes Innovative Programs, and
Smaller Learning Communities (list not all inclusive).
8600 Restricted Grants-in-Aid from the Federal Government through the Commonwealth of PA for
Driver Education, Adult Education, CETA, Headstart, Energy Conservation, Workforce
Investment Act and Other Programs
Revenue received as grants to the LEA from the Federal Government through the Commonwealth of PA,
which must be used for a categorical or specific purpose, and is not identified in the 8500 series of
accounts.
8810 School Based ACCESS Medicaid Reimbursement Program (SBAP) Reimbursements

(ACCESS)
SBAP is an MA program that reimburses school entities for direct, eligible health-related services
including transportation. These services are provided to MA enrolled, special needs students, and
reimbursement claims are processed through Leader Services. Reimbursable services include, but are not
limited to, occupational therapy, physical therapy and psychological counseling. Payments for SBAP
costs come from the Department of Education (PDE) through the completion of the PDE-352 ACCESS
Funds Request Form.
9000 OTHER FINANCING SOURCES

Includes funds received from proceeds of long-term debt issues, receipt of interfund transfers, or the sale
of fixed assets.
9400 Sale or Compensation for Loss of Fixed Assets

Monies received from the sale of or compensation for the loss of fixed assets.
9800 Intrafund Transfers

Transfers made within the general fund.
EXPENDITURE CLASSIFICATION BY FUNCTION
The District uses five (5) major functional classifications to record and control financial transactions.
However, expenditures are not charged directly to these major functional categories described below but
to subaccounts or subfunctions that provide a more detailed classification of expenditures.
1000 INSTRUCTION
Activities dealing directly with the teaching of pupils, or the interaction between teacher and pupils.
Teaching may be provided for pupils in a school classroom, in another location and in other learning
situations. It may also be provided through some other approved medium. Included in this function are the
salaries for teachers and assistants of any type that provide support for the instructional process. Also
included in this function are equipment and supplies directly related to instruction and the instructional
process.
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1100 Regular Programs
Elementary and Secondary programs include activities designed to provide students (grades K through
12) with the learning experiences to prepare them for activities as citizens, family members, and non-
vocational workers as contrasted with programs designed to improve or overcome physical, mental, social
and/or emotional handicaps. Federal Programs are included in this account under “1190.”
1200 Special Education Programs

Activities designed primarily for students having special needs. These special programs include services
for the gifted, learning disabled and physically handicapped students.
1300 Vocational Education Programs

Pennsylvania Department of Education approved programs designed to prepare students to pursue
occupational fields including agriculture, business, distribution, health, home economics and trade and
industry.
1400 Other Instructional Programs

Elementary and Secondary programs that provide students (grades K through 12) with learning
experiences not included in the regular, special education or vocational education programs. This includes
the Summer School Program, Homebound Instruction, Driver Education Classroom Instruction.
1500 Non-Public School Programs

Activities for students attending a school established by an agency other than the State, a subdivision of
the State, or Federal government, which usually is supported primarily by other than public funds. The
services consist of such activities as those involved in providing instructional services.
1700 Higher Education Programs

Instructional programs for secondary education students attending an institution of higher education that
offers college instruction.
1800 Pre-Kindergarten
Activities designed to provide Pre-K students with learning experiences to prepare them for activities as
citizens, family members, and non-vocational workers as contrasted with programs designed to improve
or overcome physical, mental, social and / or emotional handicaps.
2000 SUPPORT SERVICES

Services which provide administrative, technical, personal and logistical support to facilitate and enhance
instruction. Support services exist to sustain and enhance instruction, rather than entities within
themselves. They include such services as: pupil personnel, guidance, psychology, library, health,
attendance, and transportation.
2100 Pupil Services

Activities designed to assess and improve the well-being of students, to supplement the teaching process,
and meet the provisions of Article Xlll of the Public School Code of 1949, as amended. This includes the
Director of Pupil Services, guidance counselors and psychological services.
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2200 Instructional Staff Services
Those activities associated with assisting, supporting, advising and directing the instructional staff in
improving the content and process of providing learning experiences for students. These activities include
audio-visual/multi-media services, library operations, curriculum development and staff development.
2300 Administration
Those activities concerned with recommending new policies, administering existing policies and the
developing and implementing of procedures in connection with the operation of the School District. It
also includes the services of those professional, independent, and separate agencies or individuals that are
elected, appointed, or retained to assist in the administration including the Board Treasurer, attorneys,
accounting services and tax collection services.
2400 Pupil Health Services Programs

Activities that provide physical and mental health services which are not part of curriculum and
instruction. Included are activities that provide students and staff with appropriate medical, dental, and
nursing services as required by the state.
2500 Business Services

Those activities concerned with the administering of the District’s business functions, the accounting of
the District’s receipts and expenditures, and the purchasing, storage and maintenance of goods and
services.
2600 Plant Operation and Maintenance

Those activities concerned with keeping the physical plant open, comfortable, and safe. This includes
keeping the grounds, buildings and equipment in effective working condition and maintaining safety on
all school property.
2700 Transportation
Those activities concerned with the conveyance of students to and from school, as provided by state law,
including trips between home and school and trips to school activities.
2800 Central Support Services

Activities, other than general administration, which support each of the other instruction and supporting
services programs. These activities include planning, research, development, evaluation, information, staff
and technical services.
2900 Other Support Services

All other support services not classified elsewhere in the 2000 series. This includes amounts paid for
services from the Dauphin County Intermediate Unit. It also includes salaries and benefits and other
expenses of the census enumeration function.
3000 OPERATION OF NONINSTRUCTIONAL SERVICES

Activities concerned with providing non-instructional services to students, staff or the community.
Expenditures accounted for in this function include student activities and community services.
3200 Student Activities

School sponsored activities, under the guidance and supervision of the School District’s staff, designed to
provide students such experiences as motivation, enjoyment, and improvement of skills. Co-curricular
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activities normally supplement the regular instructional program and include such activities as band,
chorus, speech and debate. Also, student activities involve the athletic program, which provides
competition between schools.
3300 Community Services

Activities concerned with providing recreation for the community as a whole.
4000 FACILITIES ACQUISITION, CONSTRUCTION AND IMPROVEMENT SERVICES

Represent capital outlay for the purchase of land, buildings, service systems and built-in equipment.
Expenditures include the initial purchase of land and buildings, construction remodeling and additions
and improvement to buildings, initial installation, replacement or extension of service systems and other
building equipment, as well as improvement to sites, and activities related to all of the above.
4100 Site Acquisition Services

Costs incurred to purchase land and make initial improvements to new land acquisitions. Expenditures
recorded here include the purchase price of the land, settlement costs, transfer fees, demolition, grading,
survey, paving, sealing, lighting and all other professional fees associated with the purchase.
4200 Existing Site Improvement Services

Costs incurred to improve existing land and land improvements, which are non-routine and extraordinary
costs incurred to improve or maintain existing sites.
4300 Architecture and Engineering Services/Educational Specification Development-Original and

Additional
Cost incurred for the activities and engineers related to acquiring and improving sites and improving
buildings. Also, those activities concerned with preparing and interpreting to architects and engineers
descriptions of space requirements for the various learning experiences of students to be accommodated in
a building. These specifications are interpreted to the architects and engineers in the early stages of
blueprint development. Charges are made to this account only for those preliminary activities, which may
or may not result in additions to the LEA’s property.
4400 Architecture and Engineering Services/Educational Specifications - Improvements

Costs incurred for the activities and engineers related to existing site improvement and existing building
improvement services. Also, those activities concerned with preparing and interpreting to architects and
engineers descriptions of the improvements services. These specifications are interpreted to the architects
and engineers in the early stages of blueprint development. Charges are made to this account only for
those preliminary activities, which may or may not result in improvements to the LEA’s property.
4500 Building Acquisition and Construction Services

Costs incurred to purchase or construct buildings, additions to buildings, and original or additional
installation or extension of service systems and built-in equipment.
4600 Existing Building Improvement Services

Capital expenditures incurred to renovate or improve existing buildings, service systems and other built-in
equipment. Capital expenditures include non-routine and substantial costs incurred to maintain or improve
buildings, service systems and other built-in equipment.
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5000 OTHER EXPENDITURES AND FINANCING USES
Other financing uses represent the disbursement of governmental funds not classified in other functional
areas that require budgetary and accounting control. These include transfers of monies from one fund to
another and budgetary reserve.
5100 Other Expenditures and Financing Uses

This function is used to record and accumulate costs representing payments on general long-term debt
principal and interest. It also includes the recognition of all refunds of prior year revenues and receipts
including deductions taken from the basic education subsidy to adjust for prior year audits and subsidy
calculation changes.
5200 Fund Transfers

This function provides for funds to be transferred from one fund to another fund without expectation of
repayment.
5900 Budgetary Reserve

Expenditures may not be made through the budgetary reserve, but only against the line items which
appear throughout the appropriations, An amount equal to the expenditure shall be transferred from the
budgetary reserve into the appropriate line item. The Board of School Directors shall approve each
transfer.
EXPENDITURE CLASSIFICATION BY OBJECT
The District uses nine (9) major object classifications to record and control financial transactions.
However, expenditures are not charged directly to these major object categories described below but to
subaccounts or sub-objects that provide a more detailed classification of expenditures.
100 Personnel Services - Salaries

Gross salaries paid to employees of the District. Salary costs are related to personnel positions, overtime,
temporary employees and supplemental pay.
200 Personnel Services - Benefits

Amounts paid on behalf of employees; these amounts are not included in gross salary, but are in addition
to that amount. Such payments are fringe benefit payments; and, while not paid directly to employees, are
part of the cost of personnel services. Fringe benefits include health insurance, retirement plans, social
security, life insurance, unemployment compensation and workers’ compensation.
300 Professional Services

Services that by their nature require persons or firms with specialized skills and knowledge. Included in
this classification are contracted services such as; legal and accounting services, tax collection and
administrative services, curriculum improvement and instructional services, counseling and guidance
services, computer services and medical and dental services. This classification also includes fees paid to
the Dauphin County Intermediate Unit for special education services and alternative regular education
services.
400 Purchased Property Services

Services required to operate, repair, and maintain property used by the District. Such costs include
housekeeping, lawn care, maintenance, and snow removal.
32
500 Other Purchased Services
Amounts paid for services not provided by District personnel but rendered by organizations or personnel,
other than Professional Services and Purchased Property Services. Such services include those for
contractual agreements to transport students, the cost of student field trips, postage, printing and binding,
travel, the cost of tuition at approved private schools for special education programs, costs incurred to
educate adjudicated or court placed children, liability insurance and telephone costs. This category also
includes the District’s share of operational costs of the Dauphin County Technical School Program and
the cost of general and administrative services received from the Dauphin County Intermediate Unit.
600 Supplies
Amounts paid for material items of an expendable nature that are consumed, worn out, or deteriorated in
use. Such costs include textbooks and periodicals, instructional supplies and materials, general and office
supplies, custodial supplies, medical supplies, maintenance and transportation materials and energy costs
for electricity and heating.
700 Equipment
Expenditure for the purchase of fixed assets. Such expenditures include initial equipment, additional
equipment, and the replacement of equipment.
800 Other Objects

Amounts paid for goods and services not otherwise classified in the foregoing objects. Such expenditures
include dues and fees and contingency (budgetary reserve).
900 Other Uses of Funds

This object and subaccounts are used to classify Governmental Fund transactions which are not recorded
as expenditures to the District but require budgetary or accounting control.
SIGNIFICANT LAWS THAT AFFECT THE BUDGET AND FISCAL ADMINISTRATION
The Pennsylvania Public School Code of 1949, as amended, gives local Boards the authority to
conduct the financial affairs of the District. The School Code contains provisions that require the Board to
perform certain acts (mandatory), provisions that provide discretion to the Board to either act or refrain
from acting (permissive), and provisions where the Board is prohibited from acting either in total or until
certain conditions have been satisfied (prohibited). The School District is also subject to statutes of the
Commonwealth such as the Municipal Code, the Fiscal Code, and other laws that apply to governmental
entities.
Budget Statutes
The School Laws of Pennsylvania, as enacted by the Commonwealth legislature, mandate that
public school districts approve an annual budget on the modified accrual basis of accounting for the
operation of Governmental Funds (the General Fund and the Special Revenue Funds) prior to the start of
the fiscal year. Section 687 of the School Code requires that a proposed budget be prepared at least thirty
(30) days prior to adoption of the budget for the following fiscal year in a format stipulated by the
Department of Education. The format requires that revenues and expenditures be presented by function
and object classification. The School Code also mandates that the proposed budget be available for public
inspection at least twenty (20) days prior to the date set for adoption. Districts are also required to provide
33
notice prior to any final action on the budget. The “Notice of Proposed Budget” must be published at least
once in a newspaper of general circulation within the community at least ten (10) days before the adoption
of a final budget. The notice must include the time and place of the meeting at which the final budget will
be adopted and a statement that the proposed budget is available for public inspection. The actions for
final adoption of the budget and the necessary appropriations required to put it into effect must be voted
on at a duly advertised public meeting. Section 508 of the School Code requires a majority vote of the
Board of School Directors to adopt the annual budget and to levy and assess taxes. The vote must be by a
duly recorded (roll call) vote that records how each member voted. Failure to have five affirmative votes
renders action of the Board of Directors void and unenforceable. Failure to adopt a budget by July 1
causes the District to lose authority to expend funds. Within fifteen (15) days after adoption of the budget,
a certified copy of the adopted budget must be provided to the Department of Community Affairs in
conformance with section 687 of the School Code. Section 687 of the School Code also prohibits deficit
financing in public schools. Accordingly, the total amount of the adopted budget may not exceed the
amount of funds, including the proposed annual tax levy and state appropriations, available to the District.
The Commonwealth has established a mandatory accounting system that must be used by every school
entity that is based on Generally Accepted Accounting Principles (GAAP) for governmental units. GAAP
is consistent with state and federal laws. The accounting system provides for the establishment of
Governmental Funds including a General (Operating) Fund, a Debt Service Fund and a Capital Projects
Fund and Special Revenue Funds that include a Capital Reserve Fund and Athletic Fund. The legal
authority for the operation of the Capital Reserve Fund is specifically provided in Section 2932 of the
Municipal Code. Monies in the Capital Reserve Fund must be kept in a special fund or account, separate
and apart from any other fund. All interest earnings from the investment of Capital Reserve funds must be
paid into the Capital Reserve Fund as set forth in Section 2932 of the Municipal Code. The monies in the
Capital Reserve Fund may be expended only for capital improvements and for replacement of and or
additions to public works and improvements, and for deferred maintenance thereof,\ as approved by the
Board of School Directors. Specific projects must be identified, together with the year of proposed
completion.
Under Section 2932 of the Municipal Code, the Board of School Directors may authorize transfers
from the General Fund into the Capital Reserve Fund from a one (1) mill levy of general taxes designated
for the purpose of this fund. Additional monies in the Capital Reserve Fund may consist (a) of monies
transferred into the Capital Reserve Fund during any fiscal year from appropriations made for any
particular purposes which may not be needed; and (b) of surplus monies in the General Fund of the
treasury of the District at the end of any fiscal year. The authority for the establishment of the Athletic
Fund is located in the Public School Code. The purpose of the Fund is to account for revenues generated
through gate receipts incurred by the interscholastic athletic program. The Public School code permits that
the Board of School Directors prescribe, adopt, and enforce reasonable rules and regulations, as it may
deem proper, regarding the management, supervision, control or prohibition of exercises, athletics, or
games of any kind.
Bidding and Purchasing Statutes
School Boards are required under Section 801 of the Public School Code to purchase and provide
all furniture, equipment, textbooks, school supplies and other items for the use of the District to maintain
the educational environment. Section 807.1 (as amended by Act 30 of 1990) sets forth the requirement for
competitive bidding at $10,000 or more. However, any purchase of $4,000 but less than $10,000 requires
three price quotations under Section 807.1. On July 31, 2009, the Department of Education granted
approval for the District to raise the quotation threshold from $4,000 to $6,100 and the bidding threshold
34
from $10,000 to $15,200. District purchases of $15,000 or more require public notice by advertisement
once a week for three weeks in not less than two newspapers of general circulation. The Board must
accept the lowest responsible bid (where kind, quality, and material are equal). Boards may reject any and
all bids or select a single item from any bid. Section 521 of the School Code permits purchases to be made
through intergovernmental cooperative agreements (joint purchase agreements). School entities may also
“piggy-back” on state or other government contracts following the appropriate legal requirements. Even
though purchasing may require competitive bidding, Boards may establish reasonable criteria such as
color, unit/size, or any other reasonable criteria specific to the District’s needs. The School Code also
provides for the exemption of several items from competitive bids. The exceptions include but are not
limited to: globes, maps, textbooks, educational films, and teacher demonstration devices. Services are
also excluded from the competitive bidding requirement but school districts may choose to bid service
agreements and contracts.
Cash Management and Investments Statutes
Section 440.1 of the Public School Code permits the investment of funds in (a) United States
Treasury bills; (b) short-term obligations of the United States Government or its agencies or
instrumentalities; (c) obligations of the United States of America or any of its agencies or
instrumentalities backed by the full faith and credit of the United States of America; (d) obligations of the
Commonwealth of Pennsylvania or any of its agencies or instrumentalities backed by the full faith and
credit of the Commonwealth; (e) obligations of any political subdivision of the Commonwealth of
Pennsylvania or any of its agencies or instrumentalities backed by the full faith and credit of the political
subdivision; or (f) deposits in savings accounts, time deposits or share accounts of institutions insured by
the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund to the
extent that such accounts are so insured, and, for any amounts above the insured maximum, provided that
approved collateral as provided by law therefore shall be pledged by the depository.
Payment of Financial Obligations
Section 439 and 607 of the Public School Code provide direction on the payment of financial
obligations. Section 439 requires that all payments be approved by the Board of School Directors. An
order to pay must be signed directly or through facsimile signature by the Board President. Bills may be
paid prior to Board approval for certain conditions that include the receipt of a discount or the avoidance
of a late charge or due to other advantages that may accrue to the District such as increased interest
income through proper cash management. Section 607 requires that proper school orders be drawn prior
to payment, that there be sufficient funds in the treasury, and that a separate order be drawn for each
account or payment. Boards are also permitted to establish policy regarding process and procedures for
the disbursements of school funds including such matters as payments prior to Board approval. The Fiscal
Code of the Commonwealth (as amended by Act 138 of 1994) also requires political subdivisions,
including school entities, to pay interest penalties to certain qualified small businesses for regular, every
day, normal goods and services when payments are more than fifteen (15) days past due. Past due is
defined as the terms for payment as specified in the contract or thirty (30) days after receipt of a proper
invoice. The Public Works Contract Regulation Law (as amended by Act 142 of 1994) regulates the
payment to contractors and subcontractors working on public construction projects. Under the law, school
districts are required to make payment or incur interest penalties to contractors and subcontractors within
twenty (20) days after delivery of the invoice unless other terms are set forth in contract documents to
which school districts must adhere or incur interest penalties.
35
Construction of Facilities
Boards are charged with the requirement to provide the necessary grounds and suitable buildings
to accommodate all school-age children in the district. This authority also includes the renovation and
expansion of existing facilities. In most cases, school districts seeking state reimbursement are required to
participate in PlanCon, an acronym for the Pennsylvania Department of Education’s Planning
Construction Workbook. The process involves a number of phases, beginning with a definition of the
project and justification of its need. Succeeding steps include: site approval; estimated project cost data;
architectural reviews; cost data based on actual bids; and finally, approval of the bond issue or other
funding mechanism. Specific requirements are detailed in regulations adopted by the State Board of
Education and in standards promulgated by the Pennsylvania Department of Education. School Boards
are required by Act 34 of 1973 to conduct public hearings. A second hearing is required if the bids
received for a construction project exceed the initial Department of Education approved estimates by eight
(8) percent. Act 34 is also referred to as the “Taj Mahal Law,” because it requires voter approval of any
building project that exceeds per-pupil cost figures that are revised annually to reflect changes in the cost
of living. Alterations to existing buildings are excluded from this requirement. School buildings may be
financed in a variety of ways that include: local authority, state authority, general obligation bonds or
local funds.
Audits of Financial Records
All school districts are required to have an annual audit of financial records. The audit must be
completed by an independent certified public accountant. Such audit must be prepared in accordance with
Generally Accepted Accounting Principles (GAAP) to insure consistency. Completion of the audit and
issuance of the audit report marks the end of the budget cycle for a single year. In addition to the
requirement of an annual audit, Section 2553 of the Public School Code requires the comptroller of the
Department of Education to perform regular audits and field audits and may, at his or her discretion,
perform special audits to verify receipts and expenditures. Such audits are usually limited to specific use
of program funds given for state and federal projects.
The state Fiscal Code requires the auditor general’s office to audit the accounts and records of all
school districts. Examination is made by the Auditor General of receipts and expenditures related to state
payments for public education. The purpose is to verify that the monies received from the Commonwealth
were properly paid and that the District properly complied with all laws and regulations. The Bureau of
School Audits of the Auditor General’s office has also published specific guidelines for the audit of
student activity funds (Agency Funds). The objectives are to insure that basic internal controls are
established for effective management of the organization; that all cash intended for the organization is
received, promptly recorded, reconciled and kept under adequate security; that cash is disbursed only
upon proper authorization, for valid purposes, and is properly recorded; that purchases and accounts
payable are supported by appropriate documentation, promptly paid and properly recorded; and that
inventory is appropriately safeguarded and properly recorded.
SIGNIFICANT BOARD POLICY AND PROCEDURES THAT AFFECT THE BUDGET
The Board of Directors is an extension of the State Legislature with the responsibility to provide
for a thorough and efficient education for the students of the Commonwealth based on local control of
community schools. To accomplish this responsibility, the Board of Directors is granted authority through
the Public School Code and the Pennsylvania constitution to establish policy for the operation of the
36
school system. Policies are plans and procedures that are developed to provide guidelines for desired
actions. The Board of School Directors is only required by law to prepare a general operating budget.
However, in addition to this budget, the district prepares a food service and capital project fund budget.
Summarized below is the significant policies of the School District of Cheltenham Township
which impact the budget development and implementation.
Policy #601 Objectives and Procedures

This policy states that the board requires the Superintendent and Business Manager to establish
sound accounting principals based upon State and Federal recommended accounting procedures.
Policy #609 Investment of District Funds

This policy of the board defines the primary objectives of investment activities in priority order to
be legality, safety, liquidity and yield.
Policy #610 Bidding

This policy states that all supplies and contracts for construction or repair of school property over
$10,000 must be bid. All purchases under $4,000 must receive three phone quotes except where the
district has applied and been approved for a mandate waiver through the Pennsylvania Department of
Education. (The Department of Education granted an exception to the policy that temporarily allowed the
District to raise both the quotation threshold and the bidding threshold.)
Policy #612 Purchases Not Budgeted

This policy states that when an expenditure needs to be made for which funds are not budgeted, a
transfer of surplus funds can be made in the final nine months of the fiscal year. In the event of an
emergency the board secretary can authorize a purchase.
Policy #613 Cooperative Purchasing

This policy authorizes the business manager to negotiate cooperative purchase agreements for
services, supplies and equipment with other political subdivisions in accordance with the Pennsylvania
School code and, with approval by the Board of School Directors and the participating contracting body
on the final terms.
Policy #614 Payroll Authorization

This policy authorizes payment of employees only after personnel actions are approved by the
Board of School Directors.
Policy #620 Designation of Fund Balance

This policy requires maintenance of a fund balance in accordance with the Pennsylvania School
Code provisions. Designations are to be made on a yearly basis at the conclusion of the independent
audit.
Policy #622 Financial Reporting Policy

This policy delegates the implementation of GASB 34 to the Director of Business Affairs with a
dollar threshold for capitalization established by the Director of Business Affairs.
37
Budget Calendar
DATE (assumes no TYPE OF DESCRIPTION

special meetings) EVENT
Act 1 or School Code
deadlines in italics
December 15, 2009 Certification Deadline for the Board of School
Directors to certify to PDE the amount of
tax credits due for residents who pay taxes
on salaries, wages, commissions, or other
compensation to Philadelphia
December 29, 2009 Notice Deadline for PDE to notify the District of
Act 1 deadline – 30 days the years from which data will be used for
before deadline for calculating eligibility for special
displaying preliminary education, school improvement plan, per
budget student local revenue/instruction expense,
and maintenance of revenue exceptions
December 31, 2009 Notice Deadline for the District to send notice by
Act 1 deadline – 60 days first class mail to the owner of each parcel
before deadline for of residential property regarding
Homestead/Farmstead Homestead and Farmstead Applications –
Applications can be limited to owners of properties that
are not currently receiving the exclusion
or whose exclusion is set to expire
January 12, 1010 Meeting The School Board either
BOARD (a) directs that the preliminary budget
ACTION proposal be made available for inspection
by January 20, 2010 and (b) authorizes
advertisement of intent to adopt
preliminary budget proposal
OR
adopts a resolution certifying that the
School Board will not increase taxes in
excess of the Index of 2.9%, in which case
the District cannot seek exceptions and
the June 30 budget deadline and related
deadlines would apply
January 20, 2010 Allow Deadline for the District to allow
Act 1 deadline – at least Inspection inspection of preliminary budget proposal
20 days prior to
adoption of preliminary
budget
38
January 29, 2010 Public Notice Deadline for the Board of School
Act 1 deadline – at least Directors to give public notice of its intent
10 days prior to to adopt the preliminary budget proposal
adoption of preliminary
budget
February 9, 2010 Meeting The School Board adopts Preliminary
Act 1 deadline – Adopt Budget for the 2010-11 fiscal year and
February 17, 2010 – 90 Preliminary authorizes submission of exceptions to
days prior to primary Budget referendum to PDE or court, if necessary
election BOARD
ACTION
February 22, 2010 Submission If the Preliminary Budget Proposal
Act 1 deadline – includes an increase of any tax levied for
February 22, 2010 – 85 or in support of the support of public
days prior to primary schools, this is the deadline for the
election District to submit tax information to PDE
February 25, 2010 Public Notice Deadline for the District to advertise
Act 1 deadline – at least intent to seek exception(s) to referendum
one week prior to – 1 newspaper of general circulation and
seeking exceptions on website
March 1, 2010 Submission Deadline for property owners to submit
Homestead/Farmstead Applications
March 4, 2010 Submission Deadline for PDE to inform the District if
Act 1 deadline – March proposed tax increase exceeds the index
4, 2010 – 75 days prior Deadline to submit referendum exceptions
to primary election to PDE or court
March 9, 2010 Meeting If no exceptions requested from PDE or
Act 1 deadline - March Adoption court or if exceptions requested, even if
19, 2010 – 60 days prior BOARD granted, would require raising tax rate by
to primary election ACTION, IF more than the index, then the Board of
NECESSARY School Directors can adopt a referendum
question seeking voter approval to
increase the rate of taxes by more than the
index and submit the question to the
County Board of Elections no later than
March 19, 2010
March 24, 2010 Ruling Deadline for PDE and court to rule on
Act 1 deadline – March exceptions and inform the District of
24, 2010 – 55 days prior decision
to primary election
39
March 29, 2010 Submission If exceptions denied - deadline for the
Act 1 deadline – March District to submit a referendum question
29, 2010 – 50 days prior BOARD seeking voter approval to increase the rate
to primary election ACTION, IF of taxes by more than the index to the
NECESSARY County Board of Elections - No meeting
currently scheduled for this action – if
necessary, a special meeting would have
to be scheduled
May 1, 2010 (Saturday) Notice Deadline for PDE to notify the District of
the amount of Property Tax Reduction
Allocation
Deadline for county assessor to submit
report to the District
April 13, 2010 Meeting The School Board adopts proposed final
School Code deadline – Adoption budget
at least 30 days prior to BOARD
budget adoption ACTION
May 18, 2010 Election Primary Election
May 19, 2010 Allow Deadline for the District to allow
School Code deadline – Inspection inspection of proposed final budget
at least 20 days prior to
budget adoption
May 28, 2010 Public Notice Deadline for the School Board to give
School Code deadline – notice of intent to adopt final budget
at least 10 days prior to
budget adoption
June 8, 2010 Meeting The School Board adopts budget for the
School Code deadline – Adopt 2010-11 fiscal year
June 30, 2010 Budget
BOARD
ACTION
June 23, 2010 Submission Deadline for the School Board to file copy
School Code deadline – of the 2010-11 budget with PDE
within 15 days after
final budget adoption
40
2010-2011 SCHOOL CALENDAR
41
ORGANIZATIONAL CHART
42
FINANCIAL SECTION
School Budget Projection Model: Short Version Summary
School District of Cheltenham Township, Five-Year Projections Model

Revenue Summary for the General Fund
2007 2008 2009 2010 2011 2012 2013 2014 2015
Revenues Actual Actual Actual Budget Projected Projected Projected Projected Projected
Real Estate Taxes 58,937,426 64,700,620 64,991,755 67,851,169 72,781,641 79,636,722 83,230,848 86,987,309 90,913,439
Act 511 Taxes 4,238,755 4,841,681 3,667,897 4,482,000 4,619,910 4,721,548 4,825,422 4,931,581 5,040,076
Other Local Income 3,661,495 5,313,676 5,341,559 6,049,160 5,192,332 5,306,563 5,423,308 5,542,620 5,664,558
Basic Instructional and Operating Subsidy 4,438,083 4,526,544 4,629,392 4,619,728 4,670,881 4,773,640 4,878,660 4,985,991 5,095,683
Revenue for Specific Educational Programs 2,217,432 2,224,931 2,411,653 2,312,280 2,286,206 2,336,503 2,387,906 2,440,440 2,494,129
Other State Revenue 4,552,656 5,498,594 8,206,451 7,906,676 9,650,475 6,956,822 12,261,366 13,508,140 14,426,916
Federal Revenue 1,604,737 1,005,567 898,482 1,204,131 846,319 864,938 883,967 903,414 923,289
Other Financing Sources - - 837 5,000 502,000 513,044 524,331 535,866 547,655
TOTAL REVENUES 79,650,584 88,111,612 90,148,026 94,430,144 100,549,764 105,109,780 114,415,807 119,835,361 125,105,746
Expenditures Actual Actual Actual Budget Projected Projected Projected Projected Projected
Salaries and Benefits 55,003,970 57,029,011 58,785,439 61,943,721 67,900,102 72,627,225 86,746,531 92,722,974 98,249,070
Operating Expenses 20,224,418 21,004,179 23,111,840 25,124,867 27,036,899 27,631,711 28,239,608 28,860,880 29,495,819
Debt Service/Transfers 3,937,871 7,963,914 5,435,015 5,882,451 5,612,763 6,571,271 6,589,748 6,604,743 6,622,000
TOTAL EXPENDITURES 79,166,259 85,997,103 87,332,294 92,951,039 100,549,764 106,830,206 121,575,887 128,188,597 134,366,890
Initiatives Actual Actual Actual Budget Projected Projected Projected Projected Projected
Intitiatives Total - - - - - - - - -
Net Operating Expenditures 484,325 2,114,509 2,815,732 1,479,105 0 (1,720,427) (7,160,080) (8,353,236) (9,261,144)
Fund Balance
Undes. Unres. Beginning of Year 2,651,525 4,130,630 4,130,630 2,410,203 (4,749,877) (13,103,113)
Undes. Unres. End of Year 4,130,630 4,130,630 2,410,203 (4,749,877) (13,103,113) (22,364,257)
2010/11 Revenues
Revenue for Specific Other State Revenue 2010/11 Expenditures
Educational Programs 10% Federal Revenue
2% 1% Salaries and Benefits
Basic Instructional and 34%
Operating Subsidy
TOTAL
5%
EXPENDITURES
Other Local Income
50%
5%
Act 511 Taxes
5%
Real Estate Taxes Debt Service/Transfers Operating Expenses

72% 3% 13%
43
Revenue Summary for the General Fund
HISTORICAL DATA PROJECTED DATA
2007 2008 2009 2010 2011 2012 2013 2014 2015
act_07 act_08 act_09 var_01 proj_01 proj_02 proj_03 proj_04 proj_05
REVENUES Actual Actual Actual Budget Projected Projected Projected Projected Projected
Local Sources
Real Estate Taxes
Current Real Estate Taxes 58,618,766 64,402,981 64,845,738 67,261,171 72,551,641 79,401,662 82,990,617 86,741,793 90,662,522
Interim Real Estate Taxes 225,051 208,055 59,678 500,000 120,000 122,640 125,338 128,096 130,914
Public Utility Realty Taxes 93,609 89,584 86,339 89,998 110,000 112,420 114,893 117,421 120,004
Total Real Estate Taxes $ 58,937,426 $ 64,700,620 $ 64,991,755 $ 67,851,169 $ 72,781,641 $ 79,636,722 $ 83,230,848 $ 86,987,309 $ 90,913,439
Act 511 Taxes
Emergency and Municipal Services Tax 80,958 32,877 50,047 48,000 55,000 56,210 57,447 58,710 60,002
Earned Income Taxes 2,957,279 2,648,205 2,729,623 2,750,000 3,434,910 3,510,478 3,587,709 3,666,638 3,747,304
Real Estate Transfer Taxes 834,625 1,762,563 525,479 1,300,000 750,000 766,500 783,363 800,597 818,210
Mercantile Taxes 365,893 398,035 362,748 384,000 380,000 388,360 396,904 405,636 414,560
Total Act 511 Taxes $ 4,238,755 $ 4,841,681 $ 3,667,897 $ 4,482,000 $ 4,619,910 $ 4,721,548 $ 4,825,422 $ 4,931,581 $ 5,040,076
Other Local Revenue
Delinquent on Taxes Levied/Assessed by the LEA 1,574,797 1,729,860 1,882,562 1,500,000 1,800,000 1,839,600 1,880,071 1,921,433 1,963,704
Earnings on Investments 1,014,639 981,868 539,127 730,000 250,000 255,500 261,121 266,866 272,737
Revenue From Student Activities - 17,517 51,281 9,468 57,500 58,765 60,058 61,379 62,729
Rev from Intermediary Srcs/Pass-Thru Funds from Other Schls - - - 1,675,421 - - - - -
State Revenue Received from Other Public Schools - - 20,000 - - - - - -
State Revenue Received from Other Intermediary Schools - - - - - - - - -
Federal Revenue Received from Other Public Schools - 35,653 1,200 - - - - - -
Federal IDEA received from an IU - 700,569 694,016 - 925,421 945,780 966,587 987,852 1,009,585
Rentals 8,301 98,862 49,906 20,000 50,000 51,100 52,224 53,373 54,547
Contributions and Donations from Private Sources - 356 17,017 - - - - - -
Tuition from Patrons - - - 184,000 - - - - -
Regular Day School Tuition 66,868 105,886 25,900 - - - - - -
Summer School Tuition 180,597 198,807 107,250 - 118,000 120,596 123,249 125,961 128,732
Receipts from Other LEAS in PA - Education - - 2,190 - - - - - -
Other Tuition From Patrons - 3,102 25,640 - 24,600 25,141 25,694 26,260 26,837
Revenue From Community Service Activities 688,492 741,535 778,686 870,305 910,911 930,951 951,432 972,363 993,755
Refunds of Prior Years' Expenditures - 633,726 92,883 - 25,000 25,550 26,112 26,687 27,274
All Other Local Revenues 127,801 65,934 1,053,900 - 1,000,750 1,022,767 1,045,267 1,068,263 1,091,765
Refunds and Other Misc. Revenue - - - 1,059,966 30,150 30,813 31,491 32,184 32,892
Total Other Local Revenue $ 3,661,495 $ 5,313,676 $ 5,341,559 $ 6,049,160 $ 5,192,332 $ 5,306,563 $ 5,423,308 $ 5,542,620 $ 5,664,558
TOTAL LOCAL REVENUE $ 66,837,676 $ 74,855,976 $ 74,001,211 $ 78,382,329 $ 82,593,883 $ 89,664,833 $ 93,479,578 $ 97,461,511 $ 101,618,074
State Sources
Basic Instructional and Operating Subsidies
Basic Instructional Subsidy (In Gross) 3,976,094 4,055,779 4,177,336 4,136,728 4,260,881 4,354,620 4,450,422 4,548,331 4,648,395
Charter Schools 108,546 131,322 143,956 125,000 95,000 97,090 99,226 101,409 103,640
Tuition for Orphans & Children Placed in Private Homes 353,444 339,443 308,100 358,000 315,000 321,930 329,012 336,251 343,648
Total Basic Instructional and Operating Subsidies $ 4,438,083 $ 4,526,544 $ 4,629,392 $ 4,619,728 $ 4,670,881 $ 4,773,640 $ 4,878,660 $ 4,985,991 $ 5,095,683
Revenue for Specific Educational Programs
Homebound Instruction 1,930 1,773 1,472 1,600 1,600 1,635 1,671 1,708 1,746
Alternative Education - - 34,976 - - - - - -
Driver Education - Student 4,760 - - - - - - - -
Special Education - Funding for School Aged Pupils 2,210,742 2,223,158 2,375,205 2,310,680 2,284,606 2,334,867 2,386,234 2,438,732 2,492,384
Total Revenue for Specific Educational Programs $ 2,217,432 $ 2,224,931 $ 2,411,653 $ 2,312,280 $ 2,286,206 $ 2,336,503 $ 2,387,906 $ 2,440,440 $ 2,494,129
Other State Revenue
Transportation (Regular and Additional) 991,915 1,074,170 1,246,140 1,020,000 1,246,140 1,273,555 1,301,573 1,330,208 1,359,472
Rental and Sinking Fund Payments 124,393 622,157 440,373 579,289 640,000 528,029 527,941 525,817 522,041
Health Services 121,860 117,761 111,976 112,000 112,000 114,464 116,982 119,556 122,186
Supplemental Reimbursement of Basic ED Subsidies - - 3,220,580 3,029,081 3,416,271 - - - -
PA Accountability Grant 301,412 313,971 309,889 313,971 309,889 316,707 323,674 330,795 338,072
Dual Enrollment - - 15,862 31,723 - - - - -
Project 720 High School Reform - - - - - - - - -
Additional grants not listed elsewhere 49,854 46,200 50,000 101,000 100,000 102,200 104,448 106,746 109,095
Revenue from Social Security Payments 1,657,087 1,704,158 1,532,278 1,757,242 1,778,043 1,849,165 1,923,131 2,000,057 2,080,059
Revenue from Retirement Payments 1,306,135 1,490,178 1,062,010 962,370 2,048,132 2,772,702 7,963,616 9,094,961 9,895,990
Classrooms for the Future - 130,000 217,343 - - - - - -
Total Other State Revenue $ 4,552,656 $ 5,498,594 $ 8,206,451 $ 7,906,676 $ 9,650,475 $ 6,956,822 $ 12,261,366 $ 13,508,140 $ 14,426,916
TOTAL STATE REVENUE $ 11,208,171 $ 12,250,069 $ 15,247,496 $ 14,838,684 $ 16,607,562 $ 14,066,965 $ 19,527,932 $ 20,934,570 $ 22,016,728
44
Federal Sources
Revenue from Federal Sources
IDEA, Part B 708,284 - - - - - - - -
IDEA, Section 619 130,681 - - - - - - - -
NCLB - Education of Disadvantaged Children 549,997 749,692 655,596 955,352 616,260 629,818 643,674 657,835 672,307
NCLB - Preparing, Training and Recruiting Teachers/Principals - 174,025 165,390 162,147 152,418 155,771 159,198 162,701 166,280
NCLB - Language Instruction - 17,820 - - 12,344 12,616 12,893 13,177 13,467
NCLB - 21st Century Schools - 8,255 10,698 13,132 - - - - -
NCLB - Promoting Informed Parental Choice and Innovative Programs - 4,556 - 3,500 - - - - -
Other ESEA & IDEA Programs 186,326 (5,333) - - - - - - -
Drug Free Schools 28,877 7,157 - - - - - - -
Other Restricted Federal Grants-in-Aid Through the Commonwealth - 43,870 1,500 - - - - - -
Medical Assistance Reimbursement Through the Commonwealth 572 5,524 65,297 70,000 65,297 66,734 68,202 69,702 71,236
TOTAL FEDERAL REVENUE $ 1,604,737 $ 1,005,567 $ 898,482 $ 1,204,131 $ 846,319 $ 864,938 $ 883,967 $ 903,414 $ 923,289
Other Financing Sources

Revenue from Other Financing Sources
Sale or Compensation for Loss of Fixed Assets - - 837 5,000 2,000 2,044 2,089 2,135 2,182
Intrafund Transfers In - - - - 500,000 511,000 522,242 533,731 545,473
TOTAL OTHER FINANCING SOURCES $ - $ - $ 837 $ 5,000 $ 502,000 $ 513,044 $ 524,331 $ 535,866 $ 547,655
TOTAL REVENUES $ 79,650,584 $ 88,111,612 $ 90,148,026 $ 94,430,144 $ 100,549,764 $ 105,109,780 $ 114,415,807 $ 119,835,361 $ 125,105,746
45
Expenditure Summary for the General Fund
2007 2008 2009 2010 2011 2012 2013 2014 2015
EXPENDITURES Actual Actual Actual Budget Projected Projected Projected Projected Projected
PERSONNEL
Salaries and Benefits
Personnel Services - Salaries 41,823,210 42,470,731 - - - - - - -
Salaries - Admin - - 88,199 181,660 - - - - -
Salaries - Admin. - - 4,099,648 4,425,511 4,587,312 4,770,804 4,961,637 5,160,102 5,366,506
Salaries - Team Leader - - 91,030 - - - - - -
Salaries - Prof. - - 29,326,289 32,745,743 31,507,301 32,767,593 34,078,297 35,441,429 36,859,086
Salaries - Prof. Sub - - 53,812 67,000 65,297 67,909 70,625 73,450 76,388
Salaries - Prof. OT - - 999,909 954,888 995,403 1,035,219 1,076,628 1,119,693 1,164,481
Salaries - Prof. Sabbatical - - 356,208 - 297,361 309,255 321,626 334,491 347,870
Salaries - Prof. Severence - - 108,402 - 146,250 152,100 158,184 164,511 171,092
Cash in Lieu of Medical - - 123,888 - - - - - -
Salaries - Prof. Intern - - 210,603 10,166 126,687 131,754 137,025 142,506 148,206
Salaries - Coaches - - 2,031,297 981,811 2,314,760 2,407,350 2,503,644 2,603,790 2,707,942
Salaries - OT - - 22,330 48,858 17,191 17,879 18,594 19,338 20,111
Salaries - Tech OT - - 1,831 - - - - - -
Salaries - Tech Para Prof - - - - 237,478 246,977 256,856 267,130 277,816
Salaries - Clerical - - 1,728,198 1,756,576 1,809,376 1,881,751 1,957,021 2,035,302 2,116,714
Salaries - Clerical Subs - - 21,863 - - - - - -
Salaries - Clerical OT - - 70,798 - 109,423 113,800 118,352 123,086 128,009
Salaries - Clerical Summer - - - - - - - - -
Salaries - Printing - - 3,120 8,000 8,000 8,320 8,653 8,999 9,359
Salaries - Facilities - - 1,120,645 1,058,059 1,336,535 1,389,996 1,445,596 1,503,420 1,563,557
Salaries - Facilities Sub - - 5,473 - 8,000 8,320 8,653 8,999 9,359
Salaries - Facilities OT - - 174,570 175,000 187,004 194,484 202,264 210,354 218,768
Salaries - Custodian - - - - 1,594,958 1,658,756 1,725,107 1,794,111 1,865,875
Salaries - Custodian Sub - - 159,762 - 170,000 176,800 183,872 191,227 198,876
Salaries - Custodian OT - - 272,577 300,000 275,000 286,000 297,440 309,338 321,711
Salaries - Custodian Summer - - 8,673 40,025 - - - - -
Salaries - Instruc. Asst. - - 2,296,584 1,732,026 2,394,983 2,490,782 2,590,414 2,694,030 2,801,791
Salaries - IA OT - - 6,246 - - - - - -
Group Insurance 6,909,098 7,824,622 9,282,515 - 11,533,424 12,686,766 13,955,443 15,350,987 16,886,086
Social Security Contributions 3,077,926 3,164,322 3,353,967 - 3,424,287 3,561,258 3,703,709 3,851,857 4,005,931
Retirement Contributions 2,613,144 2,983,904 2,113,181 - 4,215,916 5,707,386 16,392,466 18,721,250 20,370,105
Tuition Reimbursements 118,192 157,793 191,017 - 180,000 185,400 190,962 196,691 202,592
Unemployment Compensation 48,604 28,911 34,031 - 48,000 48,000 48,000 48,000 48,000
Workmen's Compensation 413,796 398,727 428,771 - 310,156 322,562 335,465 348,883 362,839
Personnel Services - Employee Benefits - - - 17,458,398 - - - - -
Total Salaries and Benefits $ 55,003,970 $ 57,029,011 $ 58,785,439 $ 61,943,721 $ 67,900,102 $ 72,627,225 $ 86,746,531 $ 92,722,974 $ 98,249,070
TOTAL PERSONNEL $ 55,003,970 $ 57,029,011 $ 58,785,439 $ 61,943,721 $ 67,900,102 $ 72,627,225 $ 86,746,531 $ 92,722,974 $ 98,249,070
OPERATING
Operating Expenses
Purchased Professional & Technical Services 4,072,596 4,586,335 5,130,679 4,428,121 5,936,438 6,067,040 6,200,515 6,336,926 6,476,338
Purchased Property Services 2,488,868 2,312,354 2,015,004 2,349,982 2,411,750 2,464,809 2,519,034 2,574,453 2,631,091
Other Purchased Services - - - 11,999,353 - - - - -
Student Transportation Services 242,788 71,207 85,409 - 88,093 90,031 92,012 94,036 96,105
St. Tr Svc from an LEA In PA - - - - - - - - -
St. Tr Svc-Contr Carrier 6,844,235 7,098,781 6,838,773 - - - - - -
St Trans - Public Carriers - 49,759 38,117 - 8,111,421 8,289,872 8,472,249 8,658,639 8,849,129
St Tr Svc from the IU 118,647 240,560 158,266 - - - - - -
St Tr Svc from other sources - - - - - - - - -
Insurance-General 14,878 7,599 40,091 - 20,937 21,398 21,868 22,349 22,841
Fire Insurance - - - - - - - - -
Automotive Liability Insurance 32,141 28,843 24,638 - 36,000 36,792 37,601 38,429 39,274
General Property and Liability Insurance 150,295 176,289 120,769 - - - - - -
Other Insurance 32,385 30,638 - - - - - - -
Communications 424,524 324,060 409,280 - 521,109 532,573 544,290 556,264 568,502
Advertising 38,574 64,309 60,709 - 68,000 69,496 71,025 72,587 74,184
Printing & Binding 56,621 43,500 59,903 - 49,112 50,192 51,297 52,425 53,579
Tuition 2,942,329 2,854,754 3,192,080 - 3,588,153 3,667,092 3,747,768 3,830,219 3,914,484
Travel 63,793 74,592 37,248 - 228,585 233,614 238,753 244,006 249,374
Miscellaneous Purchased Services 119,417 170,911 146,469 - 40,579 41,472 42,384 43,317 44,270
Supplies - - - 3,898,659 - - - - -
General Supplies 1,393,236 1,301,897 1,515,745 - 2,399,181 2,451,963 2,505,906 2,561,036 2,617,379
Energy 501,309 652,108 906,289 - 810,730 828,566 846,795 865,424 884,463
Food - 190 - - - - - - -
Books & Periodicals 499,695 502,070 1,192,655 - 829,110 847,350 865,992 885,044 904,515
Property - - - 1,162,230 - - - - -
Equipment - Original & Additional 44,004 239,919 827,230 - 322,269 329,359 336,605 344,010 351,578
Equipment - Replacement 13,469 36,103 146,693 - 675,070 689,922 705,100 720,612 736,465
Other Objects 130,614 137,400 165,794 1,286,522 900,362 920,170 940,414 961,103 982,247
Total Operating Expenses $ 20,224,418 $ 21,004,179 $ 23,111,840 $ 25,124,867 $ 27,036,899 $ 27,631,711 $ 28,239,608 $ 28,860,880 $ 29,495,819
Debt Service and Transfers

Interest - 1,664,569 2,156,409 2,439,170 2,348,228 2,360,026 2,216,426 2,063,968 1,933,388
Refund of Prior Year's Receipts 183 4,345 979 - - - - - -
Other Financing Uses - - - - - - - - -
Redemption of Principal - 2,845,000 2,965,000 3,125,000 2,505,000 3,435,000 3,580,000 3,730,000 3,860,000
Authority Obligations - - - - - - - - -
Fund Transfers 3,937,688 3,450,000 312,627 318,281 759,535 776,245 793,322 810,775 828,612
Total Debt Service and Transfers $ 3,937,871 $ 7,963,914 $ 5,435,015 $ 5,882,451 $ 5,612,763 $ 6,571,271 $ 6,589,748 $ 6,604,743 $ 6,622,000
TOTAL OPERATING AND DEBT SERVICE $ 24,162,289 $ 28,968,092 $ 28,546,856 $ 31,007,318 $ 32,649,662 $ 34,202,982 $ 34,829,357 $ 35,465,623 $ 36,117,819
TOTAL EXPENDITURES $ 79,166,259 $ 85,997,103 $ 87,332,294 $ 92,951,039 $ 100,549,764 $ 106,830,206 $ 121,575,887 $ 128,188,597 $ 134,366,890
NET OPERATING EXPENDITURES (Pre-Initiatives) $ 484,325 $ 2,114,509 $ 2,815,732 $ 1,479,105 $ - $ (1,720,427) $ (7,160,080) $ (8,353,236) $ (9,261,144)
INITIATIVES
Initiatives Total - - - - -
OPERATING EXPENDITURES (Post-Initiatives) $ 484,325 $ 2,114,509 $ 2,815,732 $ 1,479,105 $ - $ (1,720,427) $ (7,160,080) $ (8,353,236) $ (9,261,144)
UNDES. UNRES. FUND BALANCE (Beginning of Year) $ 2,651,525 $ 4,130,630 $ 4,130,630 $ 2,410,203 $ (4,749,877) $ (13,103,113)
UNDES. UNRES. FUND BALANCE (End of Year) $ 4,130,630 $ 4,130,630 $ 2,410,203 $ (4,749,877) $ (13,103,113) $ (22,364,257)
46
Expenditure Summary for the General Fund
2007 2008 2009 2010 2011 2012 2013 2014 2015
EXPENDITURES Actual Actual Actual Budget Projected Projected Projected Projected Projected
REGULAR PROGRAMS
Regular Programs
Salaries - Prof. - - 22,981,565 25,209,911 24,915,945 25,912,583 26,949,086 28,027,050 29,148,132
Salaries - Prof. OT - - 89,279 160,853 106,147 110,393 114,809 119,401 124,177
Salaries - Prof. Sabbatical - - 356,208 - 297,361 309,255 321,626 334,491 347,870
Salaries - Prof. Severence - - 108,402 - 146,250 152,100 158,184 164,511 171,092
Cash in Lieu of Medical - - 123,179 - - - - - -
Salaries - Prof. Intern - - 210,603 10,166 126,687 131,754 137,025 142,506 148,206
Salaries - Instruc. Asst. - - 707,971 462,092 691,672 719,339 748,112 778,037 809,158
Salaries - IA OT - - 796 - - - - - -
Group Insurance 3,809,617 4,520,342 5,758,156 - 5,830,769 6,413,846 7,055,230 7,760,754 8,536,829
Social Security Contributions 1,730,021 1,821,657 1,906,952 - 1,927,296 2,004,388 2,084,563 2,167,946 2,254,664
Retirement Contributions 1,475,911 1,689,035 1,163,752 - 2,283,087 3,090,778 8,877,176 10,138,305 11,031,226
Unemployment Compensation 27,451 16,349 21,000 - 48,000 48,000 48,000 48,000 48,000
Purchased Professional & Technical Services 118,577 587,830 515,373 736,600 837,083 855,499 874,320 893,555 913,213
Purchased Property Services 45,591 45,529 51,425 49,930 18,920 19,336 19,762 20,196 20,641
Other Purchased Services - - - 384,606 - - - - -
Student Transportation Services - (6,607) 58,757 - 76,193 77,869 79,582 81,333 83,123
Communications - - 61 - 1,500 1,533 1,567 1,601 1,636
Advertising - - - - - - - - -
Tuition 422,324 405,482 338,762 - 358,000 365,876 373,925 382,152 390,559
Travel 684 834 934 - 2,000 2,044 2,089 2,135 2,182
Supplies - - - 789,304 - - - - -
General Supplies 250,388 333,330 447,913 - 349,600 357,291 365,152 373,185 381,395
Books & Periodicals 403,795 400,795 855,083 - 654,713 669,117 683,837 698,882 714,257
Property - - - 280,030 - - - - -
Equipment - Original & Additional - 132,581 610,928 - 262,820 268,602 274,511 280,551 286,723
Other Objects - 5,893 16,093 21,675 4,687 4,790 4,895 5,003 5,113
Total Regular Programs $ 31,690,288 $ 33,878,140 $ 36,802,373 $ 38,808,705 $ 39,306,802 $ 41,895,078 $ 49,567,192 $ 52,826,850 $ 55,839,446
SPECIAL PROGRAMS
Special Programs
Salaries - Prof. - - 4,531,066 4,556,579 4,839,370 5,032,945 5,234,263 5,443,633 5,661,378
Salaries - Prof. OT - - 76,360 - 20,000 20,800 21,632 22,497 23,397
Salaries - Facilities OT - - 71 - 76 79 82 85 89
Salaries - Instruc. Asst. - - 1,060,086 862,149 1,137,628 1,183,133 1,230,458 1,279,677 1,330,864
Group Insurance 721,973 982,837 1,353,845 - 1,551,251 1,706,376 1,877,014 2,064,715 2,271,187
Social Security Contributions 324,998 389,070 454,023 - 360,326 374,739 389,729 405,318 421,530
Retirement Contributions 274,202 377,784 268,381 - 604,146 817,876 2,349,061 2,682,778 2,919,061
Tuition Reimbursements - 1,278 9,503 - - - - - -
Unemployment Compensation 5,101 3,663 3,977 - - - - - -
Purchased Professional & Technical Services 2,742,589 2,737,150 3,299,120 2,606,902 3,703,451 3,784,927 3,868,195 3,953,296 4,040,268
Purchased Property Services - - 80 5,000 5,000 5,110 5,222 5,337 5,455
Student Transportation Services - 1,151 1,880 - 8,400 8,585 8,774 8,967 9,164
Communications - 26,460 121 - 500 511 522 534 545
Advertising - - - - - - - - -
Printing & Binding - - 960 - - - - - -
Tuition 1,561,451 1,629,189 1,796,684 - 1,857,180 1,898,038 1,939,795 1,982,470 2,026,085
Travel 11,990 5,756 1,772 - 7,250 7,410 7,573 7,739 7,909
Miscellaneous Purchased Services - - 13,069 - - - - - -
Supplies - - - 186,965 - - - - -
Property - - - 410,000 - - - - -
Other Objects 3,910 55,803 40,056 13,400 5,100 5,212 5,327 5,444 5,564
Total Special Programs $ 10,882,660 $ 11,609,548 $ 13,136,898 $ 12,409,905 $ 14,241,562 $ 14,991,449 $ 17,087,292 $ 18,016,190 $ 18,880,369
47
VOCATIONAL PROGRAMS
Vocational Programs
Personnel Services - Salaries 731,135 753,558 - - - - - - -
Salaries - Admin. - - 117,068 112,453 - - - - -
Salaries - Prof. - - 690,536 689,929 886,339 921,793 958,664 997,011 1,036,891
Salaries - Prof. OT - - 640 - - - - - -
Cash in Lieu of Medical - - 150 - - - - - -
Personnel Services - Employee Benefits - - - 302,621 - - - - -
Group Insurance 164,526 125,241 169,749 - 157,612 173,373 190,711 209,782 230,760
Retirement Contributions 62,487 49,483 37,507 - 82,852 112,163 322,148 367,914 400,317
Tuition Reimbursements - - - - - - - - -
Unemployment Compensation 1,162 480 440 - - - - - -
Purchased Professional & Technical Services - - 7,258 - - - - - -
Purchased Property Services - - 2,891 1,300 2,500 2,555 2,611 2,669 2,727
Tuition 958,554 811,895 831,919 - 941,973 962,696 983,876 1,005,521 1,027,642
Supplies - - - 25,238 - - - - -
Property - - - 1,600 - - - - -
Equipment - Original & Additional - 90 1,105 - 2,299 2,350 2,401 2,454 2,508
Equipment - Replacement - 858 4,433 - - - - - -
Other Objects - - 70 100 - - - - -
Total Vocational Programs $ 2,029,786 $ 1,833,559 $ 1,961,831 $ 2,052,584 $ 2,180,350 $ 2,285,476 $ 2,574,869 $ 2,703,864 $ 2,823,568
OTHER INSTRUCTIONAL PROGRAMS

Other Instructional Programs
Salaries - Admin. - - - 43,886 - - - - -
Salaries - Team Leader - - 630 - - - - - -
Salaries - Prof. - - 354,206 311,093 394,866 410,661 427,087 444,171 461,937
Salaries - Prof. Sub - - 53,292 67,000 65,297 67,909 70,625 73,450 76,388
Salaries - Prof. OT - - 30,751 - 67,964 70,683 73,510 76,450 79,508
Salaries - Clerical - - 10,515 3,000 9,200 9,568 9,951 10,349 10,763
Salaries - Instruc. Asst. - - 24,408 - 9,925 10,322 10,735 11,164 11,611
Group Insurance 210,029 84,952 7,207 - 322 354 390 429 471
Unemployment Compensation 843 326 574 - - - - - -
Purchased Professional & Technical Services 8,227 38,899 22,549 - 7,136 7,293 7,453 7,617 7,785
Purchased Property Services 345 - - - - - - - -
Student Transportation Services 242,788 429 1,034 - - - - - -
Printing & Binding 1,400 661 - - 500 511 522 534 545
Tuition - 8,188 202,791 - 406,000 414,932 424,061 433,390 442,924
Travel 8,565 10,265 - - 500 511 522 534 545
Supplies - - - 48,000 - - - - -
Equipment - Original & Additional 20,095 - - - - - - - -
Other Objects 10,832 8,471 - - - - - - -
Total Other Instructional Programs $ 1,616,426 $ 641,916 $ 810,316 $ 1,111,323 $ 1,105,991 $ 1,158,644 $ 1,327,843 $ 1,393,404 $ 1,451,700
NON PUBLIC SCHOOL PROGRAMS

Non Public School Programs
Purchased Professional & Technical Services - - - - 23,855 24,380 24,916 25,464 26,025
Total Non Public School Programs $ - $ - $ - $ - $ 23,855 $ 24,380 $ 24,916 $ 25,464 $ 26,025
COMMUNITY/JUNIOR COLLEGE PROGRAMS

Community/Junior College Programs
Tuition - - 21,924 - 25,000 25,550 26,112 26,687 27,274
Supplies - - - 10,723 - - - - -
Books & Periodicals - - 2,086 - 2,000 2,044 2,089 2,135 2,182
Total Community/Junior College Programs $ - $ - $ 24,010 $ 30,723 $ 27,000 $ 27,594 $ 28,201 $ 28,821 $ 29,456
PRE-KINDERGARTEN
Pre-Kindergarten Programs
Salaries - Prof. OT - - - - 2,000 2,080 2,163 2,250 2,340
General Supplies - - - - 2,000 2,044 2,089 2,135 2,182
Total Pre-Kindergarten Programs $ - $ - $ 4,323 $ - $ 4,000 $ 4,124 $ 4,252 $ 4,385 $ 4,522
48
PUPIL PERSONNEL SERVICES
Pupil Personnel Services
Salaries - Admin. - - 109,953 154,045 110,007 114,407 118,984 123,743 128,693
Salaries - Team Leader - - 365 - - - - - -
Salaries - Prof. - - 6,750 1,109,182 76,099 79,143 82,309 85,601 89,025
Salaries - Prof. OT - - 700 9,552 - - - - -
Salaries - Coaches - - 1,524,576 471,742 1,748,281 1,818,212 1,890,941 1,966,578 2,045,241
Salaries - OT - - 15,621 - 17,191 17,879 18,594 19,338 20,111
Group Insurance 332,638 363,347 366,291 - 408,066 448,873 493,760 543,136 597,449
Tuition Reimbursements - - 2,817 - - - - - -
Health Benefits - - - - - - - - -
Other Employee Benefits - - - - - - - - -
Purchased Property Services - - 359 26,750 5,000 5,110 5,222 5,337 5,455
Student Transportation Services - - - - 3,500 3,577 3,656 3,736 3,818
Communications - - 163 - - - - - -
Printing & Binding 3,000 2,850 - - - - - - -
Travel 2,789 4,766 3,718 - 25,200 25,754 26,321 26,900 27,492
Supplies - - - 55,650 - - - - -
Property - - - 12,800 - - - - -
Equipment - Original & Additional - - 1,439 - 550 562 574 587 600
Other Objects 2,023 1,918 3,684 4,750 8,800 8,994 9,191 9,394 9,600
Total Pupil Personnel Services $ 2,554,499 $ 2,829,175 $ 2,671,397 $ 3,087,848 $ 3,390,163 $ 3,599,391 $ 4,213,982 $ 4,476,084 $ 4,718,039
INSTRUCTIONAL STAFF SERVICES

Instructional Staff Services
Salaries - Admin. - - 639,690 1,143,401 1,270,597 1,321,421 1,374,278 1,429,249 1,486,419
Salaries - Prof. - - 757,915 869,049 394,682 410,469 426,888 443,964 461,722
Salaries - Prof. Sub - - 520 - - - - - -
Salaries - Prof. OT - - 82,367 132,050 100,000 104,000 108,160 112,486 116,986
Salaries - Coaches - - - - 270,730 281,559 292,822 304,534 316,716
Salaries - Clerical OT - - 95 - 49 51 53 55 57
Salaries - IA OT - - 5,074 - - - - - -
Group Insurance 217,322 200,320 257,823 - 385,155 423,671 466,038 512,641 563,905
Retirement Contributions 77,033 79,033 82,183 - 234,803 317,870 912,969 1,042,669 1,134,501
Tuition Reimbursements - - 9,260 - - - - - -
Unemployment Compensation 1,432 767 1,225 - - - - - -
Purchased Property Services 7,324 2,040 2,311 1,575 300 307 313 320 327
Printing & Binding - - 1,165 - 200 204 209 213 218
Travel 13,842 23,833 9,721 - 22,600 23,097 23,605 24,125 24,655
Supplies - - - 162,036 - - - - -
Property - - - 3,915 - - - - -
Equipment - Replacement 964 - 3,068 - - - - - -
Other Objects 1,210 943 13,583 2,465 4,590 4,691 4,794 4,900 5,007
Total Instructional Staff Services $ 2,011,282 $ 1,895,173 $ 2,663,309 $ 3,386,929 $ 3,625,660 $ 3,858,118 $ 4,610,690 $ 4,906,494 $ 5,173,655
ADMINISTRATIVE SERVICES
Administrative Services
Salaries - Admin - - 88,199 181,660 - - - - -
Salaries - Admin. - - 2,254,772 1,871,361 2,091,404 2,175,060 2,262,063 2,352,545 2,446,647
Salaries - Clerical - - 834,410 766,425 917,312 954,004 992,165 1,031,851 1,073,125
Salaries - Clerical Subs - - 21,863 - - - - - -
Group Insurance 489,160 550,565 535,196 - 811,137 892,251 981,476 1,079,623 1,187,586
Retirement Contributions 185,781 217,528 154,483 - 254,727 344,842 990,438 1,131,144 1,230,768
Purchased Property Services - 402 6,785 75,495 94,045 96,114 98,228 100,390 102,598
Insurance-General 7,429 7,599 33,351 - - - - - -
Communications 362,678 242,522 52,294 - 3,400 3,475 3,551 3,629 3,709
Advertising 7,814 4,346 2,239 - - - - - -
Travel 6,381 5,978 1,729 - 99,085 101,265 103,493 105,770 108,096
Supplies - - - 51,599 - - - - -
Property - - - 11,000 - - - - -
Equipment - Replacement - 2,992 5,175 - 77,755 79,466 81,214 83,001 84,827
Other Objects 21,211 2,546 21,017 18,850 33,835 34,579 35,340 36,118 36,912
Total Administrative Services $ 5,000,100 $ 5,055,204 $ 4,885,567 $ 4,610,635 $ 5,373,414 $ 5,698,837 $ 6,593,622 $ 6,998,430 $ 7,378,194
50
PUPIL HEALTH
Pupil Health
Salaries - Prof. - - 4,250 - - - - - -
Salaries - Prof. OT - - - - 1,100 1,144 1,190 1,237 1,287
Salaries - Coaches - - 505,041 510,069 295,749 307,579 319,882 332,677 345,984
Salaries - OT - - 6,709 48,858 - - - - -
Salaries - IA OT - - 376 - - - - - -
Group Insurance 96,792 85,926 127,591 - 186,057 204,663 225,129 247,642 272,406
Purchased Property Services - 35 1,265 10,040 3,100 3,168 3,238 3,309 3,382
Other Purchased Services - - - 800 - - - - -
Travel 334 733 345 - 850 869 888 907 927
Supplies - - - 19,658 - - - - -
Books & Periodicals 119 207 146 - 400 409 418 427 436
Equipment - Original & Additional - - 300 - - - - - -
Equipment - Replacement 756 - 146 - - - - - -
Other Objects 115 250 375 300 300 307 313 320 327
Total Pupil Health $ 758,025 $ 854,423 $ 895,379 $ 811,507 $ 658,614 $ 705,128 $ 821,946 $ 879,887 $ 935,780
BUSINESS SERVICES
Business Services
Salaries - Admin. - - 202,780 219,476 230,510 239,730 249,320 259,292 269,664
Salaries - Printing - - 3,120 8,000 8,000 8,320 8,653 8,999 9,359
Salaries - Facilities - - 44,031 42,888 79,585 82,768 86,079 89,522 93,103
Salaries - Facilities Sub - - 136 - - - - - -
Salaries - Custodian Summer - - 420 - - - - - -
Group Insurance 89,194 93,835 89,119 - 277,717 305,489 336,038 369,641 406,605
Purchased Professional & Technical Services 15,380 44,121 9,639 - - - - - -
Insurance-General 1,181 - - - - - - - -
Communications - - 25,487 - - - - - -
Advertising 5,039 5,805 10,265 - 5,000 5,110 5,222 5,337 5,455
Travel 6 390 501 - 33,750 34,493 35,251 36,027 36,819
Miscellaneous Purchased Services - - - - - - - - -
Supplies - - - 12,015 - - - - -
Books & Periodicals 529 791 556 - 1,000 1,022 1,044 1,067 1,091
Equipment - Original & Additional 844 1,496 - - 7,000 7,154 7,311 7,472 7,637
Equipment - Replacement - 7,538 6,827 - 1,000 1,022 1,044 1,067 1,091
Other Objects 399 3,655 25,473 6,000 26,300 26,879 27,470 28,074 28,692
Total Business Services $ 1,053,799 $ 1,096,266 $ 1,024,293 $ 1,057,348 $ 1,231,866 $ 1,308,838 $ 1,498,493 $ 1,593,568 $ 1,685,211
OPERATION AND MAINTENANCE OF PLANT SERVICES

Operation and Maintenance of Plant Services
Salaries - Admin. - - 297,700 260,486 274,415 285,392 296,807 308,680 321,027
Salaries - Prof. OT - - 628 - - - - - -
Salaries - Facilities - - 1,076,614 1,015,171 1,256,950 1,307,228 1,359,517 1,413,898 1,470,454
Salaries - Facilities Sub - - 5,337 - 8,000 8,320 8,653 8,999 9,359
Salaries - Facilities OT - - 174,003 175,000 186,397 193,853 201,607 209,671 218,058
Salaries - Custodian - - - - 1,594,958 1,658,756 1,725,107 1,794,111 1,865,875
Salaries - Custodian Sub - - 159,762 - 170,000 176,800 183,872 191,227 198,876
Salaries - Custodian OT - - 272,577 300,000 275,000 286,000 297,440 309,338 321,711
Salaries - Custodian Summer - - 8,253 40,025 - - - - -
Group Insurance 532,186 563,275 452,754 - 1,557,291 1,713,020 1,884,322 2,072,754 2,280,030
Retirement Contributions 202,121 222,550 164,168 - 269,910 365,396 1,049,473 1,198,566 1,304,128
Purchased Property Services 2,085,530 1,938,040 1,687,117 1,885,254 2,064,582 2,110,003 2,156,423 2,203,864 2,252,349
Automotive Liability Insurance 32,141 28,843 24,638 - 36,000 36,792 37,601 38,429 39,274
General Property and Liability Insurance 150,295 176,289 120,769 - - - - - -
Other Insurance 32,385 30,638 - - - - - - -
51
Communications - - 136,790 - 308,000 314,776 321,701 328,778 336,012
Travel (1,990) 667 871 - - - - - -
Miscellaneous Purchased Services - 1,965 224 - - - - - -
Supplies - - - 1,965,950 - - - - -
General Supplies 348,519 356,281 453,511 - 1,284,984 1,313,254 1,342,145 1,371,672 1,401,849
Energy 501,309 652,047 906,180 - 810,730 828,566 846,795 865,424 884,463
Food - - - - - - - - -
Books & Periodicals - 61 616 - - - - - -
Property - - - 226,500 - - - - -
Other Objects 57,928 11,770 3,382 13,000 3,000 3,066 3,133 3,202 3,273
Total Operation and Maintenance of Plant Services $ 7,821,548 $ 7,761,148 $ 6,583,850 $ 7,450,258 $ 10,622,448 $ 11,141,336 $ 12,273,243 $ 12,896,466 $ 13,504,496
53
STUDENT TRANSPORTATION SERVICES
Student Transportation Services
Purchased Property Services - - 101 - - - - - -
St. Tr Svc-Contr Carrier 6,844,235 7,098,781 6,838,773 - - - - - -
St Trans - Public Carriers - 49,759 38,117 - 8,111,421 8,289,872 8,472,249 8,658,639 8,849,129
St Tr Svc from the IU 118,647 240,560 158,266 - - - - - -
Miscellaneous Purchased Services - 44,148 82,614 - - - - - -
Supplies - - - 201,000 - - - - -
General Supplies 563 8,026 7,787 - - - - - -
Total Student Transportation Services $ 6,963,444 $ 7,441,274 $ 7,129,494 $ 7,573,868 $ 8,111,421 $ 8,289,872 $ 8,472,249 $ 8,658,639 $ 8,849,129
CENTRAL & OTHER SUPPORT SERVICES

Central & Other Support Services
Salaries - Admin. - - 265,376 392,214 421,953 438,831 456,384 474,640 493,625
Salaries - Tech OT - - 1,831 - - - - - -
Salaries - Tech Para Prof - - - - 237,478 246,977 256,856 267,130 277,816
Salaries - Instruc. Asst. - - - 27,731 - - - - -
Group Insurance 54,145 52,005 89,661 - 252,608 277,869 305,656 336,221 369,843
Communications 61,846 55,078 193,078 - 207,709 212,279 216,949 221,722 226,599
Advertising 25,722 54,157 48,206 - 63,000 64,386 65,802 67,250 68,730
Printing & Binding 1,273 - 518 - 2,500 2,555 2,611 2,669 2,727
Tuition - - - - - - - - -
Travel 7,640 6,593 13,016 - 33,100 33,828 34,572 35,333 36,110
Miscellaneous Purchased Services 106 - - - - - - - -
Supplies - - - 248,071 - - - - -
Books & Periodicals - - 1,102 - 2,150 2,197 2,246 2,295 2,346
Property - - - 200,735 - - - - -
Equipment - Original & Additional - 2,282 252 - 1,200 1,226 1,253 1,281 1,309
Equipment - Replacement - 3,361 180 - 500,500 511,511 522,764 534,265 546,019
Other Objects 3,042 18,991 21,407 1,300 1,450 1,482 1,515 1,548 1,582
Total Central & Other Support Services $ 791,340 $ 987,846 $ 1,372,642 $ 1,667,129 $ 2,313,571 $ 2,421,277 $ 2,678,028 $ 2,808,079 $ 2,932,527
OTHER SUPPORT SERVICES

Other Support Services
Purchased Professional & Technical Services 500 - - - - - - - -
Miscellaneous Purchased Services 69,726 66,786 47,645 - - - - - -
Equipment - Replacement 2,000 - - - - - - - -
Other Objects - - - - - - - - -
Total Other Support Services $ 72,226 $ 66,786 $ 47,645 $ 65,000 $ - $ - $ - $ - $ -
STUDENT ACTIVITIES
Student Activities
Salaries - Admin. - - 119,639 118,850 128,642 133,788 139,139 144,705 150,493
Salaries - Prof. OT - - 719,183 652,433 698,192 726,120 755,164 785,371 816,786
Salaries - Coaches - - 1,680 - - - - - -
Group Insurance 118,193 123,047 22,831 - 38,373 42,210 46,431 51,074 56,182
Tuition Reimbursements - 613 - - - - - - -
Student Transportation Services - 76,234 23,739 - - - - - -
Insurance-General 6,268 - 6,740 - 20,937 21,398 21,868 22,349 22,841
Printing & Binding 19,571 19,263 11,402 - - - - - -
Travel 13,553 11,452 1,055 - - - - - -
Miscellaneous Purchased Services 49,585 58,012 2,917 - 40,579 41,472 42,384 43,317 44,270
Supplies - - - 54,450 - - - - -
Energy - 61 109 - - - - - -
Food - 190 - - - - - - -
Books & Periodicals 1,569 868 556 - - - - - -
Property - - - 12,650 - - - - -
Equipment - Original & Additional 7,700 - 4,975 - - - - - -
Equipment - Replacement 3,274 4,552 61,654 - - - - - -
Other Objects 29,945 25,215 15,531 7,100 12,300 12,571 12,847 13,130 13,419
Total Student Activities $ 1,210,876 $ 1,354,322 $ 1,141,969 $ 996,125 $ 1,174,653 $ 1,240,406 $ 1,444,646 $ 1,526,744 $ 1,600,846
COMMUNITY SERVICES
Community Services
Salaries - Admin. - - 92,670 109,339 59,784 62,175 64,662 67,249 69,939
Salaries - Instruc. Asst. - - 429,646 380,054 433,036 450,357 468,372 487,107 506,591
Group Insurance 73,323 78,930 52,292 - 77,066 84,773 93,250 102,575 112,832
Purchased Property Services - 283 228 - - - - - -
Communications - - 1,047 - - - - - -
Travel - 3,326 3,586 - 4,250 4,344 4,439 4,537 4,637
Miscellaneous Purchased Services - - - - - - - - -
Supplies - - - 68,000 - - - - -
Property - - - 3,000 - - - - -
Equipment - Original & Additional - - 18,226 - 3,000 3,066 3,133 3,202 3,273
Equipment - Replacement - - 1,685 - - - - - -
Other Objects - 1,945 5,124 2,000 - - - - -
Total Community Services $ 772,088 $ 728,407 $ 741,982 $ 753,119 $ 745,631 $ 791,387 $ 929,086 $ 986,516 $ 1,039,172
DEBT SERVICE
Debt Service
Other Objects - - - - - - - - -
Interest - 1,664,569 2,156,409 2,439,170 2,348,228 2,360,026 2,216,426 2,063,968 1,933,388
Refund of Prior Year's Receipts 183 4,345 979 - - - - - -
Other Financing Uses - - - - - - - - -
Redemption of Principal - 2,845,000 2,965,000 3,125,000 2,505,000 3,435,000 3,580,000 3,730,000 3,860,000
Total Debt Service $ 183 $ 4,513,914 $ 5,122,388 $ 5,564,170 $ 4,853,228 $ 5,795,026 $ 5,796,426 $ 5,793,968 $ 5,793,388
FUND TRANSFERS
Fund Transfers
Fund Transfers 3,937,688 3,450,000 312,627 318,281 759,535 776,245 793,322 810,775 828,612
Total Fund Transfers $ 3,937,688 $ 3,450,000 $ 312,627 $ 318,281 $ 759,535 $ 776,245 $ 793,322 $ 810,775 $ 828,612
BUDGETARY RESERVE
Budgetary Reserve
Other Objects - - - 1,195,582 800,000 817,600 835,587 853,970 872,757
Total Budgetary Reserve $ - $ - $ - $ 1,195,582 $ 800,000 $ 817,600 $ 835,587 $ 853,970 $ 872,757
TOTAL EXPENDITURES $ 79,166,259 $ 85,997,103 $ 87,332,294 $ 92,951,039 $ 100,549,764 $ 106,830,206 $ 121,575,887 $ 128,188,597 $ 134,366,890
54
INFORMATIONAL SECTION
CAPITAL PROJECTS FOR 2010-2011
At the time of publication the capital projects for 2010-2011 were still under review by the Director
of Support Services.
55
DEBT SERVICE SCHEDULE
Other
General Series A Series B
Obligation of 2010 of 2010 Total
Year Debt Principal Interest Subtotal Principal Interest Subtotal Requirements
2009-
10 $5,416,992 $5,416,992
2010-
11 $3,433,997 $385,000 $209,843 $594,843 $645,000 $134,864 $779,864 4,808,704
2011-
12 $4,257,241 300,000 254,085 554,085 680,000 157,660 837,660 5,648,986
2012-
13 $4,254,882 455,000 244,760 699,760 700,000 140,360 840,360 5,795,002
2013-
14 $4,280,851 465,000 233,785 698,785 695,000 119,435 814,435 5,794,071
2014-
15 $4,355,013 475,000 223,791 698,791 640,000 96,210 736,210 5,790,014
2015-
16 $4,347,542 485,000 212,385 697,385 665,000 70,110 735,110 5,780,037
2016-
17 $4,302,928 500,000 198,823 698,823 740,000 47,005 787,005 5,788,755
2017-
18 $3,869,478 510,000 183,673 693,673 1,240,000 18,600 1,258,600 5,821,751
2018-
19 $4,546,241 530,000 167,808 697,808 0 0 0 5,244,048
2019-
20 $2,400,387 550,000 150,105 700,105 0 0 0 3,100,492
2020-
21 $2,403,374 570,000 130,500 700,500 0 0 0 3,103,874
2021-
22 $2,412,049 585,000 109,706 694,706 0 0 0 3,106,755
2022-
23 $2,413,203 610,000 87,898 697,898 0 0 0 3,111,100
2023-
24 $2,416,927 630,000 64,953 694,953 0 0 0 3,111,879
2024-
05 $2,422,582 660,000 40,270 700,270 0 0 0 3,122,852
2025-
26 $2,425,232 685,000 13,700 698,700 0 0 0 3,123,932
2026-
27 $2,714,357 0 0 0 0 0 0 2,714,357
2027-
28 $2,452,995 0 0 0 0 0 0 2,452,995
2028-
29 $2,448,993 0 0 0 0 0 0 2,448,993
2029-
30 $2,450,903 0 0 0 0 0 0 2,450,903
2030-
31 $2,447,465 0 0 0 0 0 0 2,447,465
2031-
32 $2,444,288 0 0 0 0 0 0 2,444,288
2032-
33 $2,440,650 0 0 0 0 0 0 2,440,650
2033-
34 $2,431,600 0 0 0 0 0 0 2,431,600
2034-
35 $2,438,363 0 0 0 0 0 0 2,438,363
56
Total $82,228,527 $8,395,000 $2,526,083 $10,921,083 $6,005,000 $784,244 $6,789,244 $99,938,854
DEBT LIMIT AND TOTAL AVAILABLE DEBT
Local Effort
or Net of
Available Funds
Gross and Estimated
Outstanding State Aid(1)
DIRECT DEBT
Nonelectoral Debt ................................................................................................................. $100,135,000 $92,987,653
Lease Rental Debt ................................................................................................................. 0 0
TOTAL DIRECT DEBT ...................................................................................................... $100,135,000 $92,987,653
OVERLAPPING DEBT
Montgomery County, General Obligation(2).............................................................................................................. $12,737,395 $12,737,395
Cheltenham Township .......................................................................................................... 36,250,000 36,250,000
TOTAL OVERLAPPING DEBT......................................................................................... $48,987,395 $48,987,395
TOTAL DIRECT AND OVERLAPPING DEBT ............................................................... $149,122,395 $141,975,048
DEBT RATIOS
Per Capita 2000..................................................................................................................... $4,044.00 $3,850.17
Percent 2008-09 Assessed Value .......................................................................................... 7.81% 7.44%
Percent 2008-09 Market Value ............................................................................................. 3.97% 3.78%
Debt retired within 10 years.................................................................................................. 51% --------
57
*Includes the principal amount of the Bonds.
(1)
Gives effect to current appropriations for payment of debt service, and expected future State reimbursement of School District sinking fund
payments based on current Aid Ratio.
(2)
Pro rata 3.3 percent share of $389,082,075 principal outstanding.
The statutory borrowing limit of the School District under the Act is computed as a percentage of the School District's "Borrowing Base".
The "Borrowing Base" is defined as the annual arithmetic average of "Total Revenues" (as defined by the Act), for the three full fiscal years
ended next preceding the date of incurring debt. The School District calculates its present borrowing base and borrowing capacity as follows:
Total Revenues for 2006-07 $ 79,526,191

Total Revenues, Past Three Years $256,722,462
Annual Arithmetic Average (Borrowing Base) $85,574,154
Under the Debt Act as presently in effect, no school district shall incur any nonelectoral debt or lease rental debt, if the aggregate
net principal amount of such new debt together with any other net nonelectoral debt and lease rental debt then outstanding, would cause the
net nonelectoral debt plus net lease rental debt to exceed 225% of the Borrowing Base. The application of the aforesaid percentage to the
School District's Borrowing Base produces the following product:
Remaining
Legal Gross Debt Borrowing
Limit Outstanding* Capacity
Net Nonelectoral Debt and Lease Rental Debt Limit:
225% of Borrowing Base $192,541,847 $100,135,000 $92,406,847
SCHOOL DISTRICT OF CHELTENHAM TOWNSHIP TAX RATES
Real Estate Mercantile Real Estate Wage and

Millage Taxes Transfer(1) Income(1)
Year (mills) ($) (%) (%)
2005-06 30.550 0.0015 1.00 1.00
2006-07 32.651 0.0015 1.00 1.00
2007-08 35.422 0.0015 1.00 1.00
2008-09 37.250 0.0015 1.00 1.00
2009-10 39.240 0.0015 1.00 1.00
(1)
Subject to sharing with the Township at the rate of 50% providing it levies the tax.
Source: School District Officials.

COMPARATIVE REAL PROPERTY TAX RATES
(Mills on Assessed Value)
2005 2006 2007 2008 2009 2010

School District................................. 28.384 30.5500 32.6510 35.4220 37.250 39.240
Cheltenham Township ..................... 6.0927 6.0927 2.4086 2.4407 1.8300 7.1413
Montgomery County........................ 2.8900 2.8900 2.8400 2.6950 2.6950 2.6950
Source: Local Government Officials.
58
REAL PROPERTY TAX
The real property tax (excluding delinquent collections) is $64,845,738 in 2008-09, approximately 72.0% of total revenue. The
tax is levied on July 1 of each year. Taxes paid prior to September 3 receive a 2 percent discount, and those who remit after November 1 are
assessed a 10 percent penalty. Beginning with the 2007-08 fiscal year, eligible taxpayers could opt into the installment method of payment
for their school taxes. Installment payments are based upon three (3) one-third payments of the base tax amount.
The following tables summarize trends of assessed and market valuations of real property and real property tax collection data.
Common
Market Assessed Level
Year Value* Value Ratio
2003-04 .............................................. $2,815,636,619 $1,934,342,357 68.70%
2004-05 .............................................. $3,206,600,730 $1,936,786,841 60.40%
2005-06 .............................................. $3,559,120,901 $1,900,570,561 53.40%
2006-07 .............................................. $3,733,042,607 $1,892,652,602 50.70%
2007-08 .............................................. $3,758,622,006 $1,905,621,357 50.70%
2008-09 .............................................. $3,765,578,988 $1,909,148,547 50.70%
Compound Average Annual %
Change 5.99% -0.26%
Source: Pennsylvania State Tax Equalization Board 2003.
*Market value based on common level ratio
.
2007 2007 2008 2008

Market Assessed Market Assessed
Value Value Value Value
School District............................. $2,217,534,200 $1,905,621,357 $2,523,774,900 $1,909,148,547
Montgomery County.................... 69,068,163,100 56,313,087,560 77,092,339,200 56,858,187,025
Source: Pennsylvania State Tax Equalization Board.
2004 2005 2006 2007 2008

Residential $1,484,081,552 $1,483,455,272 $1,489,993,682 $1,495,558,072 $1,353,360,452
Lots 4,011,720 4,663,460 3,488,100 3,557,580 3,580,330
Industrial 15,193,260 15,056,950 15,056,950 14,105,370 13,600,180
Commercial 425,914,119 390,780,879 377,551,360 384,865,635 528,427,375
Agriculture 7,555,260 6,583,070 6,531,580 7,503,770 6,531,580
Land 30,930 30,930 30,930 30,930 3,648,630
Total $1,936,786,841 $1,900,570,561 $1,892,652,602 $1,905,621,357 $1,909,148,547
59
Source: Pennsylvania State Tax Equalization Board.
Tax Amount Percent of Percent of

Assessed Rate of Amount Current Delinquent Overall Overall
Year Value (Mills) Levy Collected Collections Taxes Collections Collections
2004-05.. $1,937,454,391 28.380 $54,984,956 $51,808,521 94.20% $1,513,691 53,322,212 97.00%
2005-06.. 1,901,295,091 30.550 58,084,565 54,357,111 93.60% 1,587,114 55,944,225 96.30%
2006-07.. 1,900,484,277 32.651 62,052,712 58,618,766 94.47% 1,574,797 60,193,563 97.00%
2007-08 1,907,767,917 35.422 67,576,955 64,402,981 95.30% 1,729,860 66,132,841 97.86%
2008-09 1,907,626,447 37.250 71,059,085 67,981,827 95.67% 1,882,562 69,864,389 98.32%

2009-10 1,906,795,717 39.24 74,822,663 71,661,140 95.77 1,789,548 73,450,696 98.17
60
LARGEST TAXPAYERS IN THE DISTRICT
The largest real estate taxpayers in the School District and 2010 assessed valuation of their real
estate are as follows:
Assessed 2010 Assessed

Owner Property Value Value
Cedarbrook Hill Apartments Housing $63,398,080 63,398,080
Lynnewood Garden Apartments Housing 47,890,000 47,890,000
Cheltenham Square Shopping Mall (Thor Equities)(1) Retail 37,732,750 44,524,180
Cedarbrook Shopping Center(2) Retail 23,624,800 23,624,800
Brookview Terrace Apartments Housing 14,800,795 14,800,795
Wyncote House Apartments (Mid-Island Properties, Inc.) Housing 12,675,000 12,675,000
Pitcairn Group LP Office Building 9,316,300 8,127,000
Oak Summit Apartments Housing 8,200,000 8,200,000
Coventry House Apartments Housing 6,750,000 6,750,000
Lakeside Apartments Housing 4,853,440 4,853,440
Total $229,241,165 234,843,295
Impact of Taxes on a Tax Payer
The median assessed value of a home in Cheltenham Township for 2010 is $146,365. The
following table shows the impact over the past five years of the total school real estate tax bill at face value
on the property.
345.78
Pupil Enrollment - History and Projection
Grade 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

K-4 1,532 1,490 1,428 1,564 1,553 1,623
5-6 708 680 680 619 684 682
7-8 769 729 674 627 709 686
9-12 1,736 1,681 1,583 1,454 1,472 1,466
Total 4,745 4,580 4,365 4,264 4,418 4,457
61
Grade 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
K-4 1,673 1,701 1,665 1,649 1,600 1,596
5-6 636 636 702 736 760 753
7-8 672 671 625 625 688 723
9-12 1,456 1,417 1,398 1,371 1,310 1,308
Total 4,437 4,425 4,390 4,381 4,358 4,380
Enrollment projections were developed by Delong Healy primarily utilizing the cohort survival
methodology. The number presented assumes moderately likely trends.
Budget forecast
The School District of Cheltenham Township presents forecasted data in the financial sections. This
data is based upon trends and other economic assumptions relative to tax base, the economy of Pennsylvania
and expenditure assumptions such as negotiated agreements. A summary of the growth assumptions for
each financial function is included in the following pages.
Insert Pages with the Forecast.
62
Revenue Growth Rates for the General Fund
2008 2009 2010 2011 2012 2013 2014 2015
act_08 act_09 var_01 proj_01 proj_02 proj_03 proj_04 proj_05
REVENUES Actual Actual Budget Projected Projected Projected Projected Projected
Local Sources
Real Estate Taxes
Current Real Estate Taxes 9.87% 0.69% 3.72% 7.87% 9.44% 4.52% 4.52% 4.52%
Interim Real Estate Taxes -7.55% -71.32% 737.83% -76.00% 2.20% 2.20% 2.20% 2.20%
Public Utility Realty Taxes -4.30% -3.62% 4.24% 22.22% 2.20% 2.20% 2.20% 2.20%
Total Real Estate Taxes 9.78% 0.45% 4.40% 7.27% 9.42% 4.51% 4.51% 4.51%
Act 511 Taxes
Emergency and Municipal Services Tax -59.39% 52.23% -4.09% 14.58% 2.20% 2.20% 2.20% 2.20%
Earned Income Taxes -10.45% 3.07% 0.75% 24.91% 2.20% 2.20% 2.20% 2.20%
Real Estate Transfer Taxes 111.18% -70.19% 147.39% -42.31% 2.20% 2.20% 2.20% 2.20%
Mercantile Taxes 8.78% -8.87% 5.86% -1.04% 2.20% 2.20% 2.20% 2.20%
Total 511 Taxes 14.22% -24.24% 22.20% 3.08% 2.20% 2.20% 2.20% 2.20%
Other Local Revenue

Delinquent on Taxes Levied/Assessed by the LEA 9.85% 8.83% -20.32% 20.00% 2.20% 2.20% 2.20% 2.20%
Earnings on Investments -3.23% -45.09% 35.40% -65.75% 2.20% 2.20% 2.20% 2.20%
Revenue From Student Activities n.a. 192.75% -81.54% 507.31% 2.20% 2.20% 2.20% 2.20%
Rev from Intermediary Srcs/Pass-Thru Funds from Other Schls n.a. n.a. n.a. -100.00% n.a. n.a. n.a. n.a.
State Revenue Received from Other Public Schools n.a. n.a. -100.00% n.a. n.a. n.a. n.a. n.a.
State Revenue Received from Other Intermediary Schools n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Federal Revenue Received from Other Public Schools n.a. -96.63% -100.00% n.a. n.a. n.a. n.a. n.a.
Federal IDEA received from an IU n.a. -0.94% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Rentals 1090.96% -49.52% -59.92% 150.00% 2.20% 2.20% 2.20% 2.20%
Contributions and Donations from Private Sources n.a. 4680.15% -100.00% n.a. n.a. n.a. n.a. n.a.
Tuition from Patrons n.a. n.a. n.a. -100.00% n.a. n.a. n.a. n.a.
Regular Day School Tuition 58.35% -75.54% -100.00% n.a. n.a. n.a. n.a. n.a.
Summer School Tuition 10.08% -46.05% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Receipts from Other LEAS in PA - Education n.a. n.a. -100.00% n.a. n.a. n.a. n.a. n.a.
Other Tuition From Patrons n.a. 726.55% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Revenue From Community Service Activities 7.70% 5.01% 11.77% 4.67% 2.20% 2.20% 2.20% 2.20%
Refunds of Prior Years' Expenditures n.a. -85.34% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
All Other Local Revenues -48.41% 1498.42% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Refunds and Other Misc. Revenue n.a. n.a. n.a. -97.16% 2.20% 2.20% 2.20% 2.20%
Total Other Local Revenue 45.12% 0.52% 13.25% -14.16% 2.20% 2.20% 2.20% 2.20%
TOTAL LOCAL REVENUE 12.00% -1.14% 5.92% 5.37% 8.56% 4.25% 4.26% 4.26%
State Sources
Basic Instructional and Operating Subsidies
Basic Instructional Subsidy (In Gross) 2.00% 3.00% -0.97% 3.00% 2.20% 2.20% 2.20% 2.20%
Charter Schools 20.98% 9.62% -13.17% -24.00% 2.20% 2.20% 2.20% 2.20%
Tuition for Orphans & Children Placed in Private Homes -3.96% -9.23% 16.20% -12.01% 2.20% 2.20% 2.20% 2.20%
Total Basic Instructional and Operating Subsidies 1.99% 2.27% -0.21% 1.11% 2.20% 2.20% 2.20% 2.20%
Revenue for Specific Educational Programs
Homebound Instruction -8.11% -17.01% 8.72% 0.00% 2.20% 2.20% 2.20% 2.20%
Alternative Education n.a. n.a. -100.00% n.a. n.a. n.a. n.a. n.a.
Driver Education - Student -100.00% n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Special Education - Funding for School Aged Pupils 0.56% 6.84% -2.72% -1.13% 2.20% 2.20% 2.20% 2.20%
Total Revenue for Specific Educational Programs 0.34% 8.39% -4.12% -1.13% 2.20% 2.20% 2.20% 2.20%
63
Other State Revenue
Transportation (Regular and Additional) 8.29% 16.01% -18.15% 22.17% 2.20% 2.20% 2.20% 2.20%
Rental and Sinking Fund Payments 400.16% -29.22% 31.54% 10.48% -17.50% -0.02% -0.40% -0.72%
Health Services -3.36% -4.91% 0.02% 0.00% 2.20% 2.20% 2.20% 2.20%
Supplemental Reimbursement of Basic ED Subsidies n.a. n.a. -5.95% 12.78% -100.00% n.a. n.a. n.a.
PA Accountability Grant 4.17% -1.30% 1.32% -1.30% 2.20% 2.20% 2.20% 2.20%
Dual Enrollment n.a. n.a. 99.99% -100.00% n.a. n.a. n.a. n.a.
Project 720 High School Reform n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Additional grants not listed elsewhere -7.33% 8.23% 102.00% -0.99% 2.20% 2.20% 2.20% 2.20%
Revenue from Social Security Payments 2.84% -10.09% 14.68% 1.18% 4.00% 4.00% 4.00% 4.00%
Revenue from Retirement Payments 14.09% -28.73% -9.38% 112.82% 35.38% 187.21% 14.21% 8.81%
Classrooms for the Future n.a. 67.19% -100.00% n.a. n.a. n.a. n.a. n.a.
Total Other State Revenue 20.78% 49.25% -3.65% 22.05% -27.91% 76.25% 10.17% 6.80%
TOTAL STATE REVENUE 9.30% 24.47% -2.68% 11.92% -15.30% 38.82% 7.20% 5.17%
Federal Sources
Revenue from Federal Sources
IDEA, Part B -100.00% n.a. n.a. n.a. n.a. n.a. n.a. n.a.
IDEA, Section 619 -100.00% n.a. n.a. n.a. n.a. n.a. n.a. n.a.
NCLB - Education of Disadvantaged Children 36.31% -12.55% 45.72% -35.49% 2.20% 2.20% 2.20% 2.20%
NCLB - Preparing, Training and Recruiting Teachers/Principals n.a. -4.96% -1.96% -6.00% 2.20% 2.20% 2.20% 2.20%
NCLB - Language Instruction n.a. -100.00% n.a. n.a. 2.20% 2.20% 2.20% 2.20%
NCLB - 21st Century Schools n.a. 29.60% 22.75% -100.00% n.a. n.a. n.a. n.a.
NCLB - Promoting Informed Parental Choice and Innovative Programs n.a. -100.00% n.a. -100.00% n.a. n.a. n.a. n.a.
Other ESEA & IDEA Programs -102.86% -100.00% n.a. n.a. n.a. n.a. n.a. n.a.
Drug Free Schools -75.21% -100.00% n.a. n.a. n.a. n.a. n.a. n.a.
Other Restricted Federal Grants-in-Aid Through the Commonwealth n.a. -96.58% -100.00% n.a. n.a. n.a. n.a. n.a.
Medical Assistance Reimbursement Through the Commonwealth 865.68% 1082.13% 7.20% -6.72% 2.20% 2.20% 2.20% 2.20%
TOTAL FEDERAL REVENUE -37.34% -10.65% 34.02% -29.72% 2.20% 2.20% 2.20% 2.20%
Other Financing Sources

Revenue from Other Financing Sources
Sale or Compensation for Loss of Fixed Assets n.a. n.a. 497.06% -60.00% 2.20% 2.20% 2.20% 2.20%
Intrafund Transfers In n.a. n.a. n.a. n.a. 2.20% 2.20% 2.20% 2.20%
TOTAL OTHER FINANCING SOURCES n.a. n.a. 497.06% 9940.00% 2.20% 2.20% 2.20% 2.20%
TOTAL REVENUES 10.62% 2.31% 4.75% 6.48% 4.54% 8.85% 4.74% 4.40%
64
Expenditure Growth Rates for the General Fund
2008 2009 2010 2011 2012 2013 2014 2015
EXPENDITURES Actual Actual Budget Projected Projected Projected Projected Projected
PERSONNEL
Salaries and Wages
Personnel Services - Salaries 1.55% -100.00% n.a. n.a. n.a. n.a. n.a. n.a.
Salaries - Admin n.a. n.a. 105.97% -100.00% n.a. n.a. n.a. n.a.
Salaries - Admin. n.a. n.a. 7.95% 3.66% 4.00% 4.00% 4.00% 4.00%
Salaries - Team Leader n.a. n.a. -100.00% n.a. n.a. n.a. n.a. n.a.
Salaries - Prof. n.a. n.a. 11.66% -3.78% 4.00% 4.00% 4.00% 4.00%
Salaries - Prof. Sub n.a. n.a. 24.51% -2.54% 4.00% 4.00% 4.00% 4.00%
Salaries - Prof. OT n.a. n.a. -4.50% 4.24% 4.00% 4.00% 4.00% 4.00%
Salaries - Prof. Sabbatical n.a. n.a. -100.00% n.a. 4.00% 4.00% 4.00% 4.00%
Salaries - Prof. Severence n.a. n.a. -100.00% n.a. 4.00% 4.00% 4.00% 4.00%
Cash in Lieu of Medical n.a. n.a. -100.00% n.a. n.a. n.a. n.a. n.a.
Salaries - Prof. Intern n.a. n.a. -95.17% 1146.18% 4.00% 4.00% 4.00% 4.00%
Salaries - Coaches n.a. n.a. -51.67% 135.76% 4.00% 4.00% 4.00% 4.00%
Salaries - OT n.a. n.a. 118.80% -64.81% 4.00% 4.00% 4.00% 4.00%
Salaries - Tech OT n.a. n.a. -100.00% n.a. n.a. n.a. n.a. n.a.
Salaries - Tech Para Prof n.a. n.a. n.a. n.a. 4.00% 4.00% 4.00% 4.00%
Salaries - Clerical n.a. n.a. 1.64% 3.01% 4.00% 4.00% 4.00% 4.00%
Salaries - Clerical Subs n.a. n.a. -100.00% n.a. n.a. n.a. n.a. n.a.
Salaries - Clerical OT n.a. n.a. -100.00% n.a. 4.00% 4.00% 4.00% 4.00%
Salaries - Clerical Summer n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Salaries - Printing n.a. n.a. 156.41% 0.00% 4.00% 4.00% 4.00% 4.00%
Salaries - Facilities n.a. n.a. -5.58% 26.32% 4.00% 4.00% 4.00% 4.00%
Salaries - Facilities Sub n.a. n.a. -100.00% n.a. 4.00% 4.00% 4.00% 4.00%
Salaries - Facilities OT n.a. n.a. 0.25% 6.86% 4.00% 4.00% 4.00% 4.00%
Salaries - Custodian n.a. n.a. n.a. n.a. 4.00% 4.00% 4.00% 4.00%
Salaries - Custodian Sub n.a. n.a. -100.00% n.a. 4.00% 4.00% 4.00% 4.00%
Salaries - Custodian OT n.a. n.a. 10.06% -8.33% 4.00% 4.00% 4.00% 4.00%
Salaries - Custodian Summer n.a. n.a. 361.49% -100.00% n.a. n.a. n.a. n.a.
Salaries - Instruc. Asst. n.a. n.a. -24.58% 38.28% 4.00% 4.00% 4.00% 4.00%
Salaries - IA OT n.a. n.a. -100.00% n.a. n.a. n.a. n.a. n.a.
Group Insurance 13.25% 18.63% -100.00% n.a. 10.00% 10.00% 10.00% 10.00%
Social Security Contributions 2.81% 5.99% -100.00% n.a. 4.00% 4.00% 4.00% 4.00%
Retirement Contributions 14.19% -29.18% -100.00% n.a. 35.38% 187.21% 14.21% 8.81%
Tuition Reimbursements 33.51% 21.06% -100.00% n.a. 3.00% 3.00% 3.00% 3.00%
Unemployment Compensation -40.52% 17.71% -100.00% n.a. 0.00% 0.00% 0.00% 0.00%
Workmen's Compensation -3.64% 7.53% -100.00% n.a. 4.00% 4.00% 4.00% 4.00%
Personnel Services - Employee Benefits n.a. n.a. n.a. -100.00% n.a. n.a. n.a. n.a.
Total Salaries and Wages 3.68% 3.08% 5.37% 9.62% 6.96% 19.44% 6.89% 5.96%
TOTAL PERSONNEL 3.68% 3.08% 5.37% 9.62% 6.96% 19.44% 6.89% 5.96%
OPERATING
Operating Expenses
Purchased Professional & Technical Services 12.61% 11.87% -13.69% 34.06% 2.20% 2.20% 2.20% 2.20%
Purchased Property Services -7.09% -12.86% 16.62% 2.63% 2.20% 2.20% 2.20% 2.20%
Other Purchased Services n.a. n.a. n.a. -100.00% n.a. n.a. n.a. n.a.
Student Transportation Services -70.67% 19.95% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
St. Tr Svc from an LEA In PA n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
St. Tr Svc-Contr Carrier 3.72% -3.66% -100.00% n.a. n.a. n.a. n.a. n.a.
St Trans - Public Carriers n.a. -23.40% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
St Tr Svc from the IU 102.75% -34.21% -100.00% n.a. n.a. n.a. n.a. n.a.
St Tr Svc from other sources n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Insurance-General -48.92% 427.58% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Fire Insurance n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Automotive Liability Insurance -10.26% -14.58% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
General Property and Liability Insurance 17.30% -31.49% -100.00% n.a. n.a. n.a. n.a. n.a.
Other Insurance -5.39% -100.00% n.a. n.a. n.a. n.a. n.a. n.a.
Communications -23.67% 26.30% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Advertising 66.71% -5.60% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Printing & Binding -23.17% 37.71% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Tuition -2.98% 11.82% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Travel 16.93% -50.06% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Miscellaneous Purchased Services 43.12% -14.30% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Supplies n.a. n.a. n.a. -100.00% n.a. n.a. n.a. n.a.
General Supplies -6.56% 16.43% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Energy 30.08% 38.98% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Food n.a. -100.00% n.a. n.a. n.a. n.a. n.a. n.a.
Books & Periodicals 0.48% 137.55% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Property n.a. n.a. n.a. -100.00% n.a. n.a. n.a. n.a.
Equipment - Original & Additional 445.22% 244.80% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
65
Equipment - Replacement 168.04% 306.32% -100.00% n.a. 2.20% 2.20% 2.20% 2.20%
Other Objects 5.20% 20.66% 675.98% -30.02% 2.20% 2.20% 2.20% 2.20%
Total Operating Expenses 3.86% 10.03% 8.71% 7.61% 2.20% 2.20% 2.20% 2.20%
Debt Service and Transfers

Interest n.a. 29.55% 13.11% -3.73% 0.50% -6.08% -6.88% -6.33%
Refund of Prior Year's Receipts 2275.36% -77.47% -100.00% n.a. n.a. n.a. n.a. n.a.
Other Financing Uses n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Redemption of Principal n.a. 4.22% 5.40% -19.84% 37.13% 4.22% 4.19% 3.49%
Authority Obligations n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
Fund Transfers -12.39% -90.94% 1.81% 138.64% 2.20% 2.20% 2.20% 2.20%
Total Debt Service and Transfers 102.24% -31.75% 8.23% -4.58% 17.08% 0.28% 0.23% 0.26%
TOTAL OPERATING AND DEBT SERVICE 19.89% -1.45% 8.62% 5.30% 4.76% 1.83% 1.83% 1.84%
TOTAL EXPENDITURES 8.63% 1.55% 6.43% 8.17% 6.25% 13.80% 5.44% 4.82%
NET OPERATING EXPENDITURES 336.59% 33.16% -47.47% -100.00% n.a. 316.18% 16.66% 10.87%
66
School Budget Projection Model: Real Estate Planning
FY 07 - 15 General Fund Projections

FY Surplus / $10,000,000
$0
(Deficit) ($10,000,000)
($20,000,000)
FY Ending Fund ($30,000,000)
Balance 2007 2008 2009 2010 2011 2012 2013 2014 2015

BASELINE 2007 2008 2009 2010 2011 2012 2013 2014 2015
0 TOTAL REVENUES $79,650,584 $88,111,612 $90,148,026 $94,430,144 $100,549,764 $105,109,780 $114,415,807 $119,835,361 $125,105,746
1 TOTAL EXPENDITURES $79,166,259 $85,997,103 $87,332,294 $92,951,039 $100,549,764 $106,830,206 $121,575,887 $128,188,597 $134,366,890
BASELINE OPERATING BALANCE $484,325 $2,114,509 $2,815,732 $1,479,105 $0 ($1,720,427) ($7,160,080) ($8,353,236) ($9,261,144)
Act 1 Index (Tax Increase) Value of a Mill Growth

9.00% 8.49%
4.00%
8.00% 3.17%
3.00%
7.00%
5.34%
6.00% 2.00%
1.27%
4.76%
5.00% 1.00% 0.50% 0.50% 0.50% 0.50% 0.50%
5.16% 4.00% 4.00% 4.00% 4.00%
4.00%
0.00%
3.00% 2008 2009 2010 2011 2012 2013 2014 2015
-‐1.00%
2.00% -‐1.97%
1.00% -‐2.00%
0.00% -‐3.00%
2008 2009 2010 2011 2012 2013 2014 2015
Manual Millage Rate Increases 4.76% Manual Value of a Mill Increases 3.17%
Millage Rate Value of a Mill 1,88

1,87 5,30
50.00 1,86 5,92 3
1,900,000 1,85 6,59 4
1,84 7,30 1
1,880,000 8 ,064 4
45.00 48.09 1,82
46.24 1,860,000 1,81 7,28
8,16 4
44.46 1,840,000 1,7 3
40.00 42.75 95,3 1,79
1,820,000 13 1,29
41.11 1
39.24 1,800,000
35.00 37.25
35.42 1,780,000
30.00 1,760,000
32.65
1,740,000
2007 2008 2009 2010 2011 2012 2013 2014 2015
2007 2008 2009 2010 2011 2012 2013 2014 2015
Millage Rate Value of a Mill
General Fund Fiscal Gap Analysis, 2007-2015

67
School Budget Projection Model: Retirement Planning
FY 07 - 15 General Fund Projections

$10,000,000
FY Surplus / (Deficit) $0
($10,000,000)
($20,000,000)
FY Ending Fund Balance ($30,000,000)
2007 2008 2009 2010 2011 2012 2013 2014 2015
BASELINE 2007 2008 2009 2010 2011 2012 2013 2014 2015
0 TOTAL REVENUES $79,650,584 $88,111,612 $90,148,026 $94,430,144 $100,549,764 $105,109,780 $114,415,807 $119,835,361 $125,105,746
Retirement Planning Tab is designed to alllow the user to budget at a higher PSERS HISTORICAL DATA PROJECTED DATA
contribution rate, if desired. For budgeting purposes, the user can also budget the 2007 2008 2009 2010 2011 2012 2013 2014 2015
actual PSERS contriibution rate for the Revenue component of the PSERS act_07 act_08 act_09 var_01 proj_01 proj_02 proj_03 proj_04 proj_05
calculation. Actual Actual Actual Budget Projected Projected Projected Projected Projected
100 Personnel Services - Salaries 41,823,210 42,470,731 43,381,957 44,485,323 48,188,319 50,115,852 52,120,486 54,205,305 56,373,517
PSERS Contribution Rates* 6.46% 7.13% 4.76% 4.78% 8.22% 10.70% 29.55% 32.45% 33.95%
Expenditure
Budget
Project Contributions 2,701,779 3,028,163 2,064,981 2,126,398 3,961,080 5,362,396 15,401,604 17,589,622 19,138,809
230 Actual Contributions 2,613,144 2,983,904 2,113,181 - - - - - -
*Source: PASBO. Contribution Rates can be modified to reflect higher budgeted rates.
PSERS Contribution Rates* 6.46% 7.13% 4.76% 4.78% 8.22% 10.70% 29.55% 32.45% 33.95%
Revenue
Budget
Project Contributions 2,701,779 3,028,163 2,064,981 2,126,398 3,961,080 5,362,396 15,401,604 17,589,622 19,138,809
State Reimbursement 50.00% 1,350,890 1,514,082 1,032,491 1,063,199 1,980,540 2,681,198 7,700,802 8,794,811 9,569,405
7820 Actual Reimbursement 1,306,135 1,490,178 1,062,010 962,370 - - - - -
*Source: PASBO. Contribution Rates can be modified to reflect higher budgeted rates.
General Fund Fiscal Gap Analysis, 2007-15

$145,000,000
$135,000,000
$125,000,000
$115,000,000
$105,000,000
$95,000,000
$85,000,000
$75,000,000
2007 2008 2009 2010 2011 2012 2013 2014 2015
TOTAL REVENUES TOTAL EXPENDITURES
68
School Budget Projection Model: Capital Planning
$10,000,000 FY 07 - 15 General Fund Projections

FY Surplus / (Deficit) $0
($10,000,000)
($20,000,000)
FY Ending Fund Balance ($30,000,000)
2007 2008 2009 2010 2011 2012 2013 2014 2015

BASELINE 2007 2008 2009 2010 2011 2012 2013 2014 2015
0 TOTAL REVENUES $79,650,584 $88,111,612 $90,148,026 $94,430,144 $100,549,764 $105,109,780 $114,415,807 $119,835,361 $125,105,746
Existing Debt Structure

2011 2012 2013 2014 2015
Principal 2,505,000 3,435,000 3,580,000 3,730,000 3,860,000
Interest 2,475,926 2,360,026 2,216,426 2,063,968 1,933,388
Total Debt Service 4,980,926 5,795,026 5,796,426 5,793,968 5,793,388
Less: State Aid 428,771 528,029 527,941 525,817 522,041
Total Local Effort 4,552,155 5,266,997 5,268,485 5,268,151 5,271,347
Future Capital Needs* No New Money No New Money No New Money No New Money
Proposed Debt Structure

2011 2012 2013 2014 2015
Principal 2,505,000 3,435,000 3,580,000 3,730,000 3,860,000
Interest 2,475,926 2,360,026 2,216,426 2,063,968 1,933,388
Total Debt Service 4,980,926 5,795,026 5,796,426 5,793,968 5,793,388
Less: State Aid 428,771 528,029 527,941 525,817 522,041
Total Local Effort 4,552,155 5,266,997 5,268,485 5,268,151 5,271,347
General Fund Fiscal Gap Analysis, 2007-15 Local Effort Summary

$145,000,000
6,000,000
$135,000,000
5,000,000
$125,000,000 4,000,000
$MM
$115,000,000 3,000,000
$105,000,000 2,000,000
$95,000,000 1,000,000
$85,000,000 -‐
2011 2012 2013 2014 2015
$75,000,000
Series of 2014 -‐ Local Effort Series of 2013 -‐ Local Effort Series of 2012 -‐ Local Effort
2007 2008 2009 2010 2011 2012 2013 2014 2015
TOTAL REVENUES TOTAL EXPENDITURES Series of 2011 -‐ Local Effort Exis:ng Local Effort
*For these purposes, all future bond issues are assumed to be 20-year Level Payments and are assumed at a fixed interest rate of 5.0%. Actual rates to be determined at final pricing. Also, assumes no state reimbursement.
69
Expenditures per student
“Schoolmatters.com” provides quantitative data relative to spending per district in the United States.
A summary of such data which reveals the spending patterns and benchmarks for the School District of
Cheltenham Township is below. It is important when reviewing this comparison that Montgomery County
is a high cost area of Pennsylvania and subsequently when placed against a state average that factor has to
be considered. The state of Pennsylvania Department of Education assigns costs factors to school districts
where 1.0 is normal. Montgomery County’s cost factor is 1.3
Test Scores
The chart below shows a comparison of the School District of Cheltenham Township’s performance
on the annual PSSA test for 2008 versus 2009 with a breakdown by each respective subgroup for the test.
70
The “IEP” stands for those students with Individualized Education Plans and ED stands for those students
who are economically disadvantaged.
More detailed information is available in the attached district report card.
Budgeted positions
Reductions Additions Total Staff

2007-08 2008-09 2009-10 2010-11 2010-11 2010-11
Professional 407 409 420 -4 3 419
Classified Staff 200 219 260 -11 11 260
Total* 607 628 680 -15 14 679
*Of the total positions approximately 10% are part-time.
71
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Percentage of Students Proficient and Advanced

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GHWDLOHGVXSSRUWLQJPDWHULDOVRQWKH3'( Subject District State
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FRQWLQXRXVO\LPSURYH\RXUGLVWULFW2XU Mathematics 83.2 73.4
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JURZLQWRDQLQVSLUHGSURGXFWLYHIXOILOOHG Reading 81.6 71.3
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Science 67.1 59.1
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Writing 79.0 70.9
Gerald L. Zahorchak, D.Ed.
72
CHELTENHAM TOWNSHIP SD
The Pennsylvania System of School Assessment 2 www.pde.state.pa.us
73
Mathematics Performance Level Results

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District 2009 6 11 27 56
District 2008 11 13 27 49
District 2007 11 14 30 45
State 2009 12 14 30 44
In 2009, 83.2% of the students at CHELTENHAM TOWNSHIP SD met or exceeded proficiency in

Mathematics. Comparatively, 73.4% of the students in Pennsylvania met or exceeded proficiency in
Mathematics. Use the 2007 and 2008 data provided to determine your district's three-year progress in
Mathematics.
Reading Performance Level Results

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District 2009 7 11 32 50
District 2008 10 13 35 42
District 2007 11 13 35 41
State 2009 14 15 35 36

Reading. Comparatively, 71.3% of the students in Pennsylvania met or exceeded proficiency in
Reading. Use the 2007 and 2008 data provided to determine your district's three-year progress in
Reading.
74
Science Performance Level Results

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District 2009 12 21 36 31
District 2008 14 31 29 26
District 2007 NA NA NA NA
State 2009 16 24 32 27

Science. Comparatively, 59.1% of the students in Pennsylvania met or exceeded proficiency in
Science. Use the 2007 and 2008 data provided to determine your district's three-year progress in
Science.
Writing Performance Level Results

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District 2009 0 21 65 14
District 2008 0 18 74 8
District 2007 0 20 69 11
State 2009 3 27 61 9

Writing. Comparatively, 70.9% of the students in Pennsylvania met or exceeded proficiency in Writing.
Use the 2007 and 2008 data provided to determine your district's three-year progress in Writing.
75
Mathematics: Percentages and Total

Number by Group*
All Students 6 11 27 56 2202

Female** 4 10 27 59 1100
Male** 7 12 27 54 1099
American Indian or Alaskan Native 0 25 50 25 4
Asian or Pacific Islander 2 2 19 77 171
Black/African American non-Hispanic 11 17 34 38 960
Latino/Hispanic 6 16 35 42 79
White non-Hispanic 2 6 20 72 985
Multi-Racial/Ethnic 0 0 0 0 0
IEP-Special Education 27 29 27 17 305
Migrant Education Program** 0 0 0 0 0
Economically Disadvantaged 13 17 36 35 260
English Language Learner 0 33 0 67 3
Reading: Percentages and Total

Number by Group*
All Students 7 11 32 50 2202

Female** 4 10 30 56 1101
Male** 11 12 34 43 1098
76
Science: Percentages and Total

Number by Group*
All Students 12 21 36 31 949

Female** 8 21 41 30 472
Male** 14 22 31 33 476
Writing: Percentages and Total

Number by Group*
All Students 0 21 65 14 923

Female** 0 14 66 19 457
Male** 1 27 63 9 465

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Percentages at Each
Performance Level*
District 3 1 5 33 62
State 5 13 38 44
State 9 9 31 51
District 5 4 12 27 57
State 10 17 29 44
District 6 6 12 25 57
State 11 13 26 50
District 7 9 11 23 58
State 12 13 28 48
District 8 5 13 24 58
State 13 16 27 45
District 11 11 17 31 41
State 25 20 30 26

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Percentages at Each
Performance Level*
State 14 10 51 26
District 4 7 13 33 47
State 13 15 36 36
District 5 11 13 42 33
State 18 18 42 23
District 6 8 12 31 48
State 14 18 31 37
District 7 6 16 28 50
State 11 17 30 41
State 11 9 25 55
District 11 8 10 29 54
State 19 16 32 33
79
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Percentages at Each
Performance Level*
District 4 6 11 43 40
State 5 12 41 42
District 8 18 21 37 25
State 24 21 33 22
District 11 11 34 26 29
State 20 41 23 17
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Percentages at Each
Performance Level*
State 1 41 56 3
District 8 1 13 73 14
State 4 25 61 11
District 11 0 7 67 27
State 2 15 68 15
80
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Grade 3 District Average State Average
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Numbers and Operations 28.0 26.0 31
Demonstrate an understanding of numbers,
ways of representing numbers, 16.9 15.5 19
relationships among numbers and number
systems.
Compute accurately and fluently and make 7.4 7.0 8
reasonable estimates.
Measurement 8.4 7.9 10
Demonstrate an understanding of
measurable attributes of objects and 6.6 6.2 8
figures, and the units, systems, and
processes of measurement.
Geometry 9.0 8.3 10
Identify and/or apply concepts of 7.1 6.5 8
transformations or symmetry.
Algebraic Concepts 9.5 8.7 11
Represent and/or analyze mathematical
situations using numbers, symbols, words, 7.6 6.9 9
tables, and/or graphs.
Data Analysis and Probability 9.5 9.1 10
Formulate or answer questions that can be
addressed with data and/or organize, 9.5 9.1 10
display, interpret, or analyze data.
81
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systems.
Understand the meaning of operations, use
operations and understand how they relate 3.1 2.8 5
to each other.
Apply appropriate techniques, tools and 5.5 5.3 8
formulas to determine measurements.
Geometry 7.6 7.0 10
Analyze characteristics and properties of
two- and three- dimensional geometric 6.0 5.5 8
shapes and demonstrate understanding of
geometric relationships.
Demonstrate an understanding of patterns, 6.4 5.5 9
relations and functions.

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systems.
to each other.
Demonstrate an understanding of
measurable attributes of objects and 4.9 4.2 8
figures, and the units, systems, and
processes of measurement.
Geometry 6.6 6.4 11
Select and/or use appropriate statistical 6.3 5.9 8
methods to analyze data.

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systems.
Geometry 10.0 9.5 14

84
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to each other.
Geometry 9.6 8.9 14
Analyze change in various contexts. 5.3 4.6 8
Understand and/or apply basic concepts of 4.1 3.8 8
probability or outcomes.
85
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to each other.
Geometry 10.4 9.4 14
Locate points or describe relationships 4.4 4.1 6
using the coordinate plane.
86
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systems.
Geometry 8.5 7.6 12
Analyze change in various contexts. 5.4 4.9 7
Develop and/or evaluate inferences and
predictions or draw conclusions based on 5.1 4.0 8
data or data displays.
87
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Comprehension and Reading Skills 24.0 21.8 32
Understand fiction appropriate to grade 13.7 12.4 18
level.
Understand nonfiction appropriate to grade 10.3 9.4 14
level.
Interpretation and Analysis of Fictional 10.1 9.1 14
and Nonfictional Text
Understand components within and 6.3 5.8 9
between texts.
88
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level.
level.
between texts.
Understand concepts and organization of 5.4 5.0 8
nonfictional text.

89
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level.
level.
between texts.
90
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level.
level.
between texts.
nonfictional text.

91
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level.
level.
between texts.
Understand literary devices in fictional and 3.5 3.2 5
nonfictional text.
nonfictional text.

92
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level.
level.
between texts.
nonfictional text.
nonfictional text.
93
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level.
between texts.
nonfictional text.
nonfictional text.
94
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Nature of Science 23.4 23.8 34
Reasoning and Analysis 5.6 5.5 8
Processes, Procedures, and Tools of 7.4 7.4 11
Scientific Investigation
Systems, Models, and Patterns 10.5 10.9 15
Biological Science 8.3 8.1 11
Physical Science 8.7 8.7 12
Earth and Space Science 6.3 6.7 11
95
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Ecological Behavior and Systems 3.8 3.4 6
Principles of Force and Motion 3.3 2.9 5
Earth Features and Processes that Change 2.6 2.6 5
Earth and its Resources
Composition and Structure of the Universe 3.1 3.0 5
96
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Continuity of Life 2.8 2.1 5
Ecological Behavior and Systems 2.5 2.0 6
Forms, Sources, Conversions, and Transfer 2.7 2.5 5
of Energy
Earth Features and Processes that Change 5.0 4.8 8
Earth and its Resources

97
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Composition 50.1 52.0 80
Informational Prompt 25.4 26.4 40
Persuasive Prompt 24.7 25.6 40
Revising and Editing 14.3 14.0 20
Multiple Choice 9.1 8.7 12

98
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99
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100
101
GLOSSARY
This glossary contains definitions of terms used in the budget, and not
specifically defined elsewhere, and such additional terms as seem necessary to
provide a common understanding concerning financial accounting procedures for
schools. Several terms, which are not primarily financial accounting terms, have
been included due to their significance to school financial accounting. The
glossary is arranged alphabetically.
AYP: A school district’s adequate yearly progress towards its growth target or
subgroup performance in
relation to student performance as defined in the No Child Left Behind Act.
Account Group: These groups account for and control general fixed assets and
unmatured principal of general long-term debt.
Accounting System: The total structure of records and procedures which

discover, record, classify, and report information on the financial position and
operations of a school district or any of its funds, account groups, or
organizational components.
Accrual Basis: The basis of accounting under which revenues are recorded
when they are levied and expenditures are generally recorded when a related
liability is incurred, regardless of when the revenue is actually received or the
payment is actually made.
Act 511- The Local Enabling Act of 1965: Act 511 allows public school districts
of the second, third and fourth class to levy certain taxes in order to obtain
funding from local sources.
Act 544 of 1952: Act 544 allows public school districts to levy interim real estate
taxes on the increase in assessed valuations of local property as a result of
construction or improvements to that property during the year.
Aid to Families with Dependent Children (AFDC): This is a federal (60%) and
state (40%) program which provides direct cash payments to families with
dependent children. Both the Title I programs and the free and reduced meal
programs are available to children from families receiving this aid.
Americans with Disabilities Act (ADA): This is federal legislation which

mandates non-discrimination on the basis of handicap or disability and
prescribes that services, activities, programs and facilities be accessible to and
usable by handicapped or disabled persons.
Appropriation: An authorization granted by a legislative body to make

expenditures and to incur obligations for specific purposes. An appropriation is
usually limited in amount and as to the time when it may be expended.
102
Approved Private Schools (APS): These are state approved private institutions
which provide special education programs on a day and residential basis for
students whose educational needs cannot be met by either the District or the I.U.
given the severity of their handicapping condition.
Asbestos Hazard Emergency Response Act (AHERA): This is a regulation

that requires schools to conduct inspections, develop comprehensive asbestos
management plans, and select asbestos response action to deal with asbestos
hazards.
Assessed Value: This is the value placed on property, both land and building, by
the Dauphin County Board of Assessment Appeals. All counties in the
Commonwealth are subject to state statutes governing assessments but each
county may establish its own procedures for calculating assessments.
Association of School Business Officials (ASBO): ASBO is a professional

association which provides programs and services to promote the highest
standards of school business management practices, professional growth, and
the effective use of educational resources.
Balance Sheet: A summarized statement, as of a given date, of the financial

position of a school district per fund and/or funds combined showing assets,
liabilities and fund equity.
Board of School Directors: The elected or appointed body which has been
created according to state law and vested with responsibilities for educational
activities in a given geographical area.
Bonded Debt: An obligation resulting from the borrowing of money through

issuance of bonds by the school
district.
Bond, General Obligation: A written promise to pay specified amounts of

money at certain times in the future and carrying interest at fixed rates. The
obligation to pay is backed by the taxing authority of the district. The proceeds of
bond issues are to pay for capital projects and improvements.
Budget: A plan of financial operation embodying an estimate of proposed

expenditures for a given period or purpose and the proposed means of financing
them.
Budget Control: The control or management of the business affairs of the

District in accordance with an approved budget with a responsibility to keep
expenditures within the authorized amounts.
103
Budgetary Reserve: This account is not an expenditure function or account. It is
strictly a budgetary account to provide for contingencies.
Capital Outlay: Expenditures which result in the acquisition of or addition to

fixed assets.
Charter School: An independent public school designed by local citizens,

established and operated under a charter from the local board of school
directors. A charter school must be organized as a public nonprofit corporation.
Charter schools are exempt from most state mandates, except those ensuring
the health, safety and civil rights of students.
College Entrance Examination Board (CEEB): The College Board is a not-for-

profit educational association that supports academic preparation and transition
to higher education for students around the world through the ongoing
collaboration of its member schools, colleges, universities, educational systems,
and organizations.
Comprehensive Annual Financial Report (CAFR): This is the primary vehicle

by which the School District reports the results of operations and financial
condition of all funds at year end.
Contracted Services: Labor, materials and other costs for services rendered by
personnel who are not on the payroll of the school district.
Current and Interim Real Estate: Revenue received from taxes assessed and
levied upon real property, including taxes levied under Act 544 of 1952 on new
construction not appearing on the current real estate tax rolls.
Debt Limit: The maximum amount of gross and net debt that is legally permitted.
Debt Service: Includes payments of both principal and interest on all debt of the
school district.
Delinquent Taxes: Revenue received from all levies that have become
delinquent. Delinquent, for accounting purposes only, means taxes recognized
as revenue in a fiscal year subsequent to the fiscal year of levy.
Earned Income Tax: A proportional tax levied on the wages, salaries,

commissions, net profits or other compensation of residents within the taxing
district.
Elementary: As defined by state practice, expenditures of a school organization

composed of the grades pre-kindergarten through grade six (6).
104
Encumbrances: Purchase orders, contracts, and/or other commitments, which
are chargeable to an appropriation. Encumbrances are not liabilities and
therefore are not recorded as expenditures until receipt of material or service.
Encumbrances are used in the accounting records for budgetary control.
Equipment: Money budgeted for the purchase of moveable items that are of a
nonexpendable and mechanical nature to be used in the operation of the school
district.
Expenditures: These are charges incurred, whether paid or not paid, which
benefit the current period.
Fiscal Year: A twelve-month period of time to which the annual budget applies
and at the end of which a local education agency determines its financial position
and the results of its operations.
Food Services: This service area includes the preparation and serving of regular
and incidental meals, lunches, or snacks in connection with school activities and
the delivery of food.
Function: This term refers to an expenditure activity or service area aimed at

accomplishing a certain purpose or end; for example, Regular Instruction
Programs, Special Instruction Programs, Vocational Education Programs,
Instructional Staff Services, and Plant Operation and Maintenance.
Fund: A fund is a fiscal and accounting entity, with a self-balancing set of

accounts which are comprised of each fund's assets, liabilities, fund equity,
revenues, and expenditures or expenses.
Fund Balance: The excess of assets of a fund over its liabilities and reserves.
Fund Balance Appropriations: Monies appropriated from the district's fund

balance to offset the shortfall in expected revenues.
Fund, Capital Projects: This is the fund used to account for financial resources
that are used for the acquisition or construction of major capital equipment and
facilities.
Fund, General: This is the general operating fund of the District. All activities of
the District are accounted for through this fund except for those required to be
accounted for in another fund.
Fund, Proprietary: This fund type accounts for District activities that are similar
to business operations in the private sector or where the reporting focus is on
determining net income, financial position, and cash flow. The Food Service
105
Fund is a proprietary fund which accounts for all revenues, food purchases, and
costs and expenses for the Food Service Program.
Fund, Special Revenue: These funds are maintained to account for the
proceeds of specific revenue sources that are legally or administratively
restricted to expenditures for specified purposes. These include the Athletic Fund
and the Capital Reserve Fund.
Fund Transfers: The transfer of funds from one fund to another.
Government Finance Officers Association (GFOA): GFOA is a professional

association of government finance managers. GFOA develops and administers
programs and provides services in the areas of research, technical assistance,
publications, and career development and training.
Instructional Support Team (IST): A state supported initiative where a team of

school professionals review and discuss a child's learning and recommend
appropriate strategies.
Levy: To impose taxes or special assessments.
Mercantile Tax: A proportional tax levied on the gross receipts from wholesale
and retail businesses including wholesale dealers or dealers in goods, wares and
merchandise, and all persons engaged in conducting restaurants or other places
where food, drink or refreshments are sold.
Mill: Property tax rate per thousand dollars of assessed value. One mill is equal
to $1.00 per $1,000 of assessed value. To calculate the tax rate, the total
property tax amount levied by the district is divided by the assessed valuation of
the taxable property, divided by 1,000.
Object: This term refers to the service or commodity obtained as the result of a
specific expenditure; for example, Salaries, Fringe Benefits, Professional
Services, Supplies, and Property.
PDE: Pennsylvania Department of Education
Pennsylvania System of School Assessment (PSSA) Testing: - State

mandated annual achievement testing for grades 5, 8, and 11.
Per Capita Personal Income (PCPI): Personal income is the income that is
received by persons from all sources. It is calculated as the sum of wage and
salary disbursements, supplements to wages and salaries, proprietors' income
with inventory valuation and capital consumption adjustments, rental income of
persons with capital consumption adjustment, personal dividend income,
106
personal interest income, and personal current transfer receipts, less
contributions for government social insurance. This measure of income is
calculated as the personal income of the residents of a given area divided by the
resident population of the area. In computing per capita personal income, BEA
uses the Census Bureau's annual midyear population estimates. All state and
local area dollar estimates are in current dollars (not adjusted for inflation).
Per Capita Tax: A flat rate tax levied on each adult resident within the taxing
district.
RBC: Royal Bank of Canada
Real Estate Transfer Tax: A proportional tax levied on the transfer price of real
property within the taxing district.
Revenue: Monies received from taxes, fees, federal and state grants, bond
issues and other sources deposited into the District’s bank accounts and
available as a source of funds for the District.
SAWW: Statewide Average Weekly Wage per the Pennsylvania Department of

Labor.
Scholastic Aptitude Test (SAT) - The Scholastic Aptitude Test is a College

Board examination administered annually by the District to students interested in
pursuing higher education.
Secondary: As defined by state practice, expenditures of a school organization

composed of the grades seven (7) through twelve (12).
Supplies: All items of an expendable nature which are purchased for use in the
schools including supplies and books used in the operation of the schools, and
fuel used to operate the buildings.
Taxes: Compulsory charges levied by a governmental unit for the purpose of

financing services performed for the common benefit.
Tax Duplicate: This is the official list of all properties and persons taxable for the
current year.
Underground Storage Tank and Spill Prevention Act (UST): This is a federal
program mandating registration, compliance monitoring and regulated removal
by certified contractors of all underground fuel storage tanks to protect the public
and the environment.
107

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School

District of Cheltenham Township

2000 Ashbourne Rd

Tina Viletto ........................................................................................................................... .President

Cheltenham High School

Cedarbrook Middle School

Elkins Park School

Cheltenham Elementary School

Glenside Elementary School (Modular)

Myers Elementary School

Wyncote Elementary School

Dr. William N. Kiefer ........................................................................................................... .Superintendent

Consultants and Advisors

Maillie, Falconiero & Company, LLP

Wisler Pearlstine, LLP

Financial Advisors for Most Recent Bond Issue

Public Financial Management, Inc.

WILLIAM N. KIEFER, Ed.D., Superintendent

Board of School Directors

Dear School Directors:

Mission Statement, Goals, and Strategic Plan

District Goals for 2009-2010

1. Establish curricular and instructional precision

Budget Process and Allocation of Resources

Grade 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

Personnel Resource Changes

Reductions Additions Total Staff

Professional Staff Allocation by Building

Summary of Budgets for All Funds

General Fund $ 94,430,144 $100,549,764 6%

Capital Reserve Fund School Code does not require a budget

Capital Projects Fund School Code does not require a budget

Food Service Fund $ 1,605,700 $ 1,594,097 (1%)

Analysis of Proposed Budget – General (Operating) Fund

A summary schedule of operating expenditures by object (expenditure category) is presented

Salaries & Benefits $ 61,943,721 $ 67,900,102 9.6 %

Operating Expenses $ 25,124,867 $ 27,036,899 7.6 %

Debt Service $ 5,882,451 $ 5,612,763 (4.6 %)

Total General Fund Expenditures $ 92,951,039 $100,549,764 8%

General Fund Expenditures

Analysis of Proposed Budget – Enterprise Fund

Local Sources $ 78,382,329 $ 82,593,883 5.4%

State Sources $ 14,838,684 $ 16,607,562 11.9%

Federal Sources $ 1,204,131 $ 849,319 (29.7%)

Other $ 5,000 $ 502,000 6.5%

Total General Fund Revenue $ 94,430,144 $ 100,549,764 6.5%

Change in Revenue Sources from 2001-2011

2000- 21.08% 78.28% 0.64%

ANALYSIS OF REAL ESTATE MILLAGE OVER THE PAST TEN YEARS

Student Performance Measurements

EXPLANATION OF THE SCHOOL ENTITY

Original Addition/ Rated

(1) A mission statement.

(3) A description of academic standards for student achievement.

(7) The professional development plan and the induction plan.

1. Establish curricular and instructional precision

o A state Department of Environmental Protection Education Grant for building an outdoor

FUND STRUCTURE AND ACCOUNTING

6000 LOCAL REVENUE SOURCES

6112 Interim Real Estate Tax

6113 Public Utility Realty Tax

6143 Local Services Tax