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Teacher Concessions

This document provides an overview of the financial situation and millage rates of the Blackhawk School District from 1997-2016. It shows that the millage rate has increased each year with an average increase of 2.2% per year. It also outlines the district's debt service payments for bonds and includes data on an early retirement incentive program that is projected to save the district over $1 million total over 3 years.

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Financial Report and Overview Reduction in Expenses Melanie Kerber, Ed. D. March 4, 2016
The Past 1997-2015
BLACKHAWK SCHOOL DISTRICT MILLAGE 1997-1998 to 2015-2016 SCHOOL YEAR MILLAGE MILL INCREASE PERCENT INCREASE 1997-1998 40.9 0.00 0% 1998-1999 40.9 0.00 0.00% 1999-2000 40.9 0.00 0.00% 2000-2001 41.9 1.00 2.44% 2001-2002 41.9 0.00 0.00% 2002-2003 44.9 3.00 7.16% 2003-2004 44.9 0.00 0.00% 2004-2005 44.9 0.00 0.00% 2005-2006 44.9 0.00 0.00% 2006-2007 45.9 1.00 2.23% 2007-2008 46.9 1.00 2.18% 2008-2009 48.63 1.73 3.69% 2009-2010 51.26 2.63 5.41% 2010-2011 52.76 1.50 2.93% 2011-2012 53.76 1.00 1.90% 2012-2013 54.94 1.18 2.19% 2013-2014 56.14 1.20 2.18% 2014-2015 57.68 1.54 2.74% 2015-2016 59.12 1.44 2.50%
MILLAGE SPECIAL COMPOUNDED PER MILL 1997-1998 to 2015-2016 SESSION MAXIMUM MAXIMUM CURRENT MAXIMUM 2006 to Presen 2006 ACT 1 ALLOWABLE INDEX MILLAGE LOSS OF POTENTIAL MILL PERCENT ADJUSTED MILL MILLAGE LESS THAN DOLLARS MAXIMUM SCHOOL YEAR MILLAGE INCREASE INCREASE INDEX INCREASE RATE ALLOWABLE TO INDEX DOLLARS 1997-1998 40.9 0.00 0% 1998-1999 40.9 0.00 0.00% 1999-2000 40.9 0.00 0.00% 2000-2001 41.9 1.00 2.44% 2001-2002 41.9 0.00 0.00% 2002-2003 44.9 3.00 7.16% 2003-2004 44.9 0.00 0.00% 2004-2005 44.9 0.00 0.00% 2005-2006 44.9 0.00 0.00% 2006-2007 45.9 1.00 2.23% 5.20% 2.33 47.23 1.33 $ 327,026 2007-2008 46.9 1.00 2.18% 4.50% 2.13 49.36 2.46 $ 602,790 $ 929,816 2008-2009 48.63 1.73 3.69% 5.80% 2.86 52.22 3.59 $ 880,350 $ 1,810,166 2009-2010 51.26 2.63 5.41% 5.40% 2.82 55.04 3.78 $ 926,914 $ 2,737,080 2010-2011 52.76 1.50 2.93% 3.80% 2.09 57.13 4.37 $ 1,071,868 $ 3,808,948 2011-2012 53.76 1.00 1.90% 1.90% 1.09 58.22 4.46 $ 1,092,831 $ 4,901,779 2012-2013 54.94 1.18 2.19% 2.20% 1.28 59.50 4.56 $ 1,117,540 $ 6,019,319 2013-2014 56.14 1.20 2.18% 2.20% 1.31 60.81 4.67 $ 1,144,252 $ 7,163,571 2014-2015 57.68 1.54 2.74% 2.70% 1.64 62.45 4.77 $ 1,169,213 $ 8,332,784 2015-2016 59.12 1.44 2.50% 2.50% 1.56 64.01 4.89 $ 1,198,933 $ 9,531,717 2016-2017 61.02 1.90 3.20% 3.20% 2.05 66.06 5.04 $ 1,235,300 $ 10,767,017
BLACKHAWK SCHOOL DISTRICT DEBT SERVICE - BOND PAYMENT GENERAL OBLIGATION BONDS / TRANE LEASE MILL VALUE $245,000 $ 245,000.00 MILLS TO ANNUAL AGGREGATE COVER TOTAL INCREASE INCREASE YEARLY FISCAL SERVICE PRINCIPAL INTEREST DEBT PAYMENTS (DECREASE) (DECREASE) DEBT SERVICE 2006-2007 $ 575,000 $ 49,083 $ 624,083 $ - 2.55 2007-2008 $ 585,000 $ 123,237 $ 708,237 $ 84,154 $ 84,154 2.89 2008-2009 $ 605,000 $ 428,478 $ 1,033,478 $ 325,242 $ 409,396 4.22 2009-2010 $ 819,524 $ 657,459 $ 1,476,983 $ 443,504 $ 852,900 6.03 2010-2011 $ 540,009 $ 664,771 $ 1,204,780 $ (272,203) $ 580,697 4.92 2011-2012 $ 1,050,638 $ 1,048,561 $ 2,099,199 $ 894,420 $ 1,475,116 8.57 2012-2013 $ 949,398 $ 1,385,412 $ 2,334,810 $ 235,610 $ 1,710,727 9.53 2013-2014 $ 1,026,091 $ 1,568,355 $ 2,594,446 $ 259,637 $ 1,970,363 10.59 2014-2015 $ 1,288,003 $ 1,494,059 $ 2,782,062 $ 187,616 $ 2,157,979 11.36 2015-2016 *** $ 1,540,270 $ 1,465,014 $ 3,005,284 $ 223,222 $ 2,381,201 12.27 2016-2017 *** $ 1,577,900 $ 1,430,083 $ 3,007,983 $ 2,699 $ 2,383,900 12.28 *** BUDGETED OTHER YEARS ACTUAL NOTE: THIS INCLUDES ALL GENERAL OBLIGATION BONDS AND TRANE LEASE AGREEMENT
BLACKHAWK SCHOOL DISTRICT EARLY RETIREMENT INCENTIVE 2015-2016 SOCIAL LESS RETIREMENT LESS TOTAL SECURITY REIMBURSEMENT PSERS REIMBURSEMENT SALARY & SALARY 7.65% 50% 25.84% 50% BENEFITS $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 80,743 $ 6,177 $ 3,088 $ 20,864 $ 10,432 $ 94,263 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 78,608 $ 6,014 $ 3,007 $ 20,312 $ 10,156 $ 91,771 $ 72,253 $ 5,527 $ 2,764 $ 18,670 $ 9,335 $ 84,352 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 74,103 $ 5,669 $ 2,834 $ 19,148 $ 9,574 $ 86,512 $ 80,963 $ 6,194 $ 3,097 $ 20,921 $ 10,460 $ 94,520 $ 76,733 $ 5,870 $ 2,935 $ 19,828 $ 9,914 $ 89,582 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 941,621 $ 72,034 $ 36,017 $ 243,315 $ 121,657 $ 1,099,295 $ 386,222 $220,000 / $166,222 ADJUSTED NET SAVINGS: $ 713,073 $ 49,495 $ 3,786 $ 1,893 $ 12,790 $ 6,395 $ 57,783 $ 49,495 $ 3,786 $ 1,893 $ 12,790 $ 6,395 $ 57,783 $ 49,495 $ 3,786 $ 1,893 $ 12,790 $ 6,395 $ 57,783 $ 49,495 $ 3,786 $ 1,893 $ 12,790 $ 6,395 $ 57,783 $ 50,275 $ 3,846 $ 1,923 $ 12,991 $ 6,496 $ 58,694 $ 63,275 $ 4,841 $ 2,420 $ 16,350 $ 8,175 $ 73,870 $ 311,530 $ 23,832 $ 11,916 $ 80,499 $ 40,250 $ 363,696 NET SAVINGS FROM ERI - 1ST YEAR $ 349,378
BLACKHAWK SCHOOL DISTRICT EARLY RETIREMENT INCENTIVE 2016-2017 SOCIAL LESS RETIREMENT LESS TOTAL SECURITY REIMBURSEMENT PSERS REIMBURSEMENT SALARY & SALARY 7.65% 50% 29.27% 50% BENEFITS $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 83,221 $ 6,366 $ 3,183 $ 24,359 $ 12,179 $ 98,584 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 81,710 $ 6,251 $ 3,125 $ 23,917 $ 11,958 $ 96,794 $ 78,431 $ 6,000 $ 3,000 $ 22,957 $ 11,478 $ 92,909 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 78,431 $ 6,000 $ 3,000 $ 22,957 $ 11,478 $ 92,909 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 82,961 $ 6,347 $ 3,173 $ 24,283 $ 12,141 $ 98,276 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 980,021 $ 74,972 $ 37,486 $ 286,852 $ 143,426 $ 1,160,933 $ 166,222 ADJUSTED NET SAVINGS: $ 994,711 $ 52,346 $ 4,004 $ 2,002 $ 15,322 $ 7,661 $ 62,009 $ 52,346 $ 4,004 $ 2,002 $ 15,322 $ 7,661 $ 62,009 $ 52,346 $ 4,004 $ 2,002 $ 15,322 $ 7,661 $ 62,009 $ 52,346 $ 4,004 $ 2,002 $ 15,322 $ 7,661 $ 62,009 $ 53,126 $ 4,064 $ 2,032 $ 15,550 $ 7,775 $ 62,933 $ 66,311 $ 5,073 $ 2,536 $ 19,409 $ 9,705 $ 78,552 $ 328,821 $ 25,155 $ 12,577 $ 96,246 $ 48,123 $ 389,521
BLACKHAWK SCHOOL DISTRICT EARLY RETIREMENT INCENTIVE 2017-2018 SOCIAL LESS RETIREMENT LESS TOTAL SECURITY REIMBURSEMENT PSERS REIMBURSEMENT SALARY & SALARY 7.65% 50% 30.25% 50% BENEFITS $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 83,221 $ 6,366 $ 3,183 $ 25,174 $ 12,587 $ 98,991 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 82,961 $ 6,347 $ 3,173 $ 25,096 $ 12,548 $ 98,682 $ 81,582 $ 6,241 $ 3,121 $ 24,679 $ 12,339 $ 97,042 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 81,582 $ 6,241 $ 3,121 $ 24,679 $ 12,339 $ 97,042 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 84,237 $ 6,444 $ 3,222 $ 25,482 $ 12,741 $ 100,200 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 997,782 $ 76,330 $ 38,165 $ 301,829 $ 150,915 $ 1,186,862 $ 159,762 ADJUSTED NET SAVINGS: $ 1,027,100 $ 56,102 $ 4,292 $ 2,146 $ 16,971 $ 8,485 $ 66,733 $ 56,102 $ 4,292 $ 2,146 $ 16,971 $ 8,485 $ 66,733 $ 56,102 $ 4,292 $ 2,146 $ 16,971 $ 8,485 $ 66,733 $ 56,102 $ 4,292 $ 2,146 $ 16,971 $ 8,485 $ 66,733 $ 56,362 $ 4,312 $ 2,156 $ 17,050 $ 8,525 $ 67,043 $ 69,387 $ 5,308 $ 2,654 $ 20,990 $ 10,495 $ 82,536 $ 350,157 $ 26,787 $ 13,394 $ 105,922 $ 52,961 $ 416,512 NET SAVINGS FROM ERI - 3RD YEAR $ 610,588 Three Year Savings $ 1,565,156
2014-15 Budget 2015-16 Budget Increase (Decrease) % Increase over 2014-15 2014-15 Millage 2015-16 Millage Increase (Decrease) Value of 1 Mill iquippa $21,498,076 $22,408,599 $910,523 4.235% 34.0 34.75 .75 $75,000 mbridge Area $41,794,796 $44,091,703 $2,296,907 5.496% 73.94 75.86 1.92 $278,161 eaver Area $27,944,564 $28,970,540 $1,025,976 3.671% 69.60 72.20 2.60 $201,462 g Beaver $25,522,216 $26,306,494 $784,278 3.073% 64.0 64.0 0 $85,365 ackhawk $33,979,900 $34,514,917 $535,017 1.575% 57.68 59.12 1.44 $258,706 entral Valley $32,583,889 $34,099,041 $1,515,152 4.650% 49.95 51.15 1.20 $292,680 eedom $21,400,000 $21,738,057 $338,057 1.580% 48.30% 53.40 5.10 $136,907 opewell $36,209,987 $37,588,897 $1,348,910 3.725% 68.50% 70.0 1.50 $219,380 dland $5,091,757 $5,074,698 ($17,059) -0.335% 29.50% 30.25 .75 $18,072 ew Brighton $22,164,589 $23,033,490 $868,901 3.920% 57.15% 60.30 3.15 $83,975 verside $22,597,984 $23,788,064 $1,190,080 5.266% 61.95% 63.55 1.60 $127,088 ochester $15,843,229 $16,565,594 $722,365 4.559% 65.25% 67.0 1.75 $71,070 outh Side $22,287,622 $23,473,557 $1,185,935 5.321% 52.40% 67.0 2.50 $128,222 estern Beaver $12,048,488 $12,440,488 $392,000 3.254% 51.0% 54.90 -51.0 $67,536 tal $340,967,097 $354,064,139 $13,097,042 49.90% $2,034,624 verage $24,354,793 $25,290,296 $935,503 3.571% 58.19 58.19 $145,973
2012-13 Actual Expenditures 2013-14 Actual Expenditures 2014-15 YTD Expenditures 2015-16 Budgeted Expenditures 2016-17 Proposed Expenditures Total Increase in Expenditures ersonnel Services- alaries $14,383,104 $14,533,503 $15,093,099 $15,229,612 $15,385,158 $1 million ersonnel Services- enefits $6,847,365 $7,601,664 $8,153,834 $8,868,408 $9,388,966 $2.5million urchased Professional nd Technical Services $500,924 $595,248 $645,847 $667,150 $677,660 $176,000 urchased Property ervices $583,151 $621,541 $740,852 $728,100 $746,892 $163,741 ther Purchased ervices $4,467,586 $4,572,754 $4,552,582 $4,262,656 $4,565,798 $98,000 upplies $1,616,295 $1,492,339 $1,482,727 $1,574,190 $1,539,561 Decrease $76,000 roperty $435,130 $552,514 $420,841 $426,150 $580,024 $144,000 ther Objects $1,473,736 $1,623,758 $1,560,992 $1,602,621 $1,510,348 $36,612 ther Financing Fees $960,380 $1,031,091 $,543,003 $1,156,030 $1,577,900 $617,520 eport Totals $31,267,671 $32,624,412 $34,193,777 $34,514,917 $35,872,307 $4.65 million
$10,359,195 $10,826,615 $11,296,010 2015-16 2016-17 2017-18
TOTAL - SALARY $ 10,359,195 $10,826,615 $ 467,420 $11,296,010 $ 469,395 $936,815 Social Security $ 396,239 $ 414,118 $ 17,879 $ 432,072 $ 17,954 $35,909 Retirement $ 1,338,408 $ 1,625,616 $ 287,208 $ 1,809,621 $ 184,005 $471,213 $ 12,093,842 $ 12,866,349 $772,507 $ 13,537,703 $ 671,354 $1,443,861 lary percentage rease 4.51% 3.09 mills 4.34% 2.68 mills 8.85% 5.77 mills lary, Social Security and PSERS rcentage increase 6.39% 5.22% 11.61%
Concession #1 Defer raise to second semester Concession #2 Extra Plan Period for AP Pay Freeze Extend contract by 2 years
Teacher Concessions

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Teacher Concessions

  • 1.
    Financial Report andOverview Reduction in Expenses Melanie Kerber, Ed. D. March 4, 2016
  • 2.
  • 3.
    BLACKHAWK SCHOOL DISTRICT MILLAGE 1997-1998to 2015-2016 SCHOOL YEAR MILLAGE MILL INCREASE PERCENT INCREASE 1997-1998 40.9 0.00 0% 1998-1999 40.9 0.00 0.00% 1999-2000 40.9 0.00 0.00% 2000-2001 41.9 1.00 2.44% 2001-2002 41.9 0.00 0.00% 2002-2003 44.9 3.00 7.16% 2003-2004 44.9 0.00 0.00% 2004-2005 44.9 0.00 0.00% 2005-2006 44.9 0.00 0.00% 2006-2007 45.9 1.00 2.23% 2007-2008 46.9 1.00 2.18% 2008-2009 48.63 1.73 3.69% 2009-2010 51.26 2.63 5.41% 2010-2011 52.76 1.50 2.93% 2011-2012 53.76 1.00 1.90% 2012-2013 54.94 1.18 2.19% 2013-2014 56.14 1.20 2.18% 2014-2015 57.68 1.54 2.74% 2015-2016 59.12 1.44 2.50%
  • 4.
    MILLAGE SPECIAL COMPOUNDEDPER MILL 1997-1998 to 2015-2016 SESSION MAXIMUM MAXIMUM CURRENT MAXIMUM 2006 to Presen 2006 ACT 1 ALLOWABLE INDEX MILLAGE LOSS OF POTENTIAL MILL PERCENT ADJUSTED MILL MILLAGE LESS THAN DOLLARS MAXIMUM SCHOOL YEAR MILLAGE INCREASE INCREASE INDEX INCREASE RATE ALLOWABLE TO INDEX DOLLARS 1997-1998 40.9 0.00 0% 1998-1999 40.9 0.00 0.00% 1999-2000 40.9 0.00 0.00% 2000-2001 41.9 1.00 2.44% 2001-2002 41.9 0.00 0.00% 2002-2003 44.9 3.00 7.16% 2003-2004 44.9 0.00 0.00% 2004-2005 44.9 0.00 0.00% 2005-2006 44.9 0.00 0.00% 2006-2007 45.9 1.00 2.23% 5.20% 2.33 47.23 1.33 $ 327,026 2007-2008 46.9 1.00 2.18% 4.50% 2.13 49.36 2.46 $ 602,790 $ 929,816 2008-2009 48.63 1.73 3.69% 5.80% 2.86 52.22 3.59 $ 880,350 $ 1,810,166 2009-2010 51.26 2.63 5.41% 5.40% 2.82 55.04 3.78 $ 926,914 $ 2,737,080 2010-2011 52.76 1.50 2.93% 3.80% 2.09 57.13 4.37 $ 1,071,868 $ 3,808,948 2011-2012 53.76 1.00 1.90% 1.90% 1.09 58.22 4.46 $ 1,092,831 $ 4,901,779 2012-2013 54.94 1.18 2.19% 2.20% 1.28 59.50 4.56 $ 1,117,540 $ 6,019,319 2013-2014 56.14 1.20 2.18% 2.20% 1.31 60.81 4.67 $ 1,144,252 $ 7,163,571 2014-2015 57.68 1.54 2.74% 2.70% 1.64 62.45 4.77 $ 1,169,213 $ 8,332,784 2015-2016 59.12 1.44 2.50% 2.50% 1.56 64.01 4.89 $ 1,198,933 $ 9,531,717 2016-2017 61.02 1.90 3.20% 3.20% 2.05 66.06 5.04 $ 1,235,300 $ 10,767,017
  • 5.
    BLACKHAWK SCHOOL DISTRICT DEBTSERVICE - BOND PAYMENT GENERAL OBLIGATION BONDS / TRANE LEASE MILL VALUE $245,000 $ 245,000.00 MILLS TO ANNUAL AGGREGATE COVER TOTAL INCREASE INCREASE YEARLY FISCAL SERVICE PRINCIPAL INTEREST DEBT PAYMENTS (DECREASE) (DECREASE) DEBT SERVICE 2006-2007 $ 575,000 $ 49,083 $ 624,083 $ - 2.55 2007-2008 $ 585,000 $ 123,237 $ 708,237 $ 84,154 $ 84,154 2.89 2008-2009 $ 605,000 $ 428,478 $ 1,033,478 $ 325,242 $ 409,396 4.22 2009-2010 $ 819,524 $ 657,459 $ 1,476,983 $ 443,504 $ 852,900 6.03 2010-2011 $ 540,009 $ 664,771 $ 1,204,780 $ (272,203) $ 580,697 4.92 2011-2012 $ 1,050,638 $ 1,048,561 $ 2,099,199 $ 894,420 $ 1,475,116 8.57 2012-2013 $ 949,398 $ 1,385,412 $ 2,334,810 $ 235,610 $ 1,710,727 9.53 2013-2014 $ 1,026,091 $ 1,568,355 $ 2,594,446 $ 259,637 $ 1,970,363 10.59 2014-2015 $ 1,288,003 $ 1,494,059 $ 2,782,062 $ 187,616 $ 2,157,979 11.36 2015-2016 *** $ 1,540,270 $ 1,465,014 $ 3,005,284 $ 223,222 $ 2,381,201 12.27 2016-2017 *** $ 1,577,900 $ 1,430,083 $ 3,007,983 $ 2,699 $ 2,383,900 12.28 *** BUDGETED OTHER YEARS ACTUAL NOTE: THIS INCLUDES ALL GENERAL OBLIGATION BONDS AND TRANE LEASE AGREEMENT
  • 6.
    BLACKHAWK SCHOOL DISTRICT EARLYRETIREMENT INCENTIVE 2015-2016 SOCIAL LESS RETIREMENT LESS TOTAL SECURITY REIMBURSEMENT PSERS REIMBURSEMENT SALARY & SALARY 7.65% 50% 25.84% 50% BENEFITS $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 80,743 $ 6,177 $ 3,088 $ 20,864 $ 10,432 $ 94,263 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 78,608 $ 6,014 $ 3,007 $ 20,312 $ 10,156 $ 91,771 $ 72,253 $ 5,527 $ 2,764 $ 18,670 $ 9,335 $ 84,352 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 74,103 $ 5,669 $ 2,834 $ 19,148 $ 9,574 $ 86,512 $ 80,963 $ 6,194 $ 3,097 $ 20,921 $ 10,460 $ 94,520 $ 76,733 $ 5,870 $ 2,935 $ 19,828 $ 9,914 $ 89,582 $ 79,703 $ 6,097 $ 3,049 $ 20,595 $ 10,298 $ 93,049 $ 941,621 $ 72,034 $ 36,017 $ 243,315 $ 121,657 $ 1,099,295 $ 386,222 $220,000 / $166,222 ADJUSTED NET SAVINGS: $ 713,073 $ 49,495 $ 3,786 $ 1,893 $ 12,790 $ 6,395 $ 57,783 $ 49,495 $ 3,786 $ 1,893 $ 12,790 $ 6,395 $ 57,783 $ 49,495 $ 3,786 $ 1,893 $ 12,790 $ 6,395 $ 57,783 $ 49,495 $ 3,786 $ 1,893 $ 12,790 $ 6,395 $ 57,783 $ 50,275 $ 3,846 $ 1,923 $ 12,991 $ 6,496 $ 58,694 $ 63,275 $ 4,841 $ 2,420 $ 16,350 $ 8,175 $ 73,870 $ 311,530 $ 23,832 $ 11,916 $ 80,499 $ 40,250 $ 363,696 NET SAVINGS FROM ERI - 1ST YEAR $ 349,378
  • 7.
    BLACKHAWK SCHOOL DISTRICT EARLYRETIREMENT INCENTIVE 2016-2017 SOCIAL LESS RETIREMENT LESS TOTAL SECURITY REIMBURSEMENT PSERS REIMBURSEMENT SALARY & SALARY 7.65% 50% 29.27% 50% BENEFITS $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 83,221 $ 6,366 $ 3,183 $ 24,359 $ 12,179 $ 98,584 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 81,710 $ 6,251 $ 3,125 $ 23,917 $ 11,958 $ 96,794 $ 78,431 $ 6,000 $ 3,000 $ 22,957 $ 11,478 $ 92,909 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 78,431 $ 6,000 $ 3,000 $ 22,957 $ 11,478 $ 92,909 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 82,961 $ 6,347 $ 3,173 $ 24,283 $ 12,141 $ 98,276 $ 82,181 $ 6,287 $ 3,143 $ 24,054 $ 12,027 $ 97,352 $ 980,021 $ 74,972 $ 37,486 $ 286,852 $ 143,426 $ 1,160,933 $ 166,222 ADJUSTED NET SAVINGS: $ 994,711 $ 52,346 $ 4,004 $ 2,002 $ 15,322 $ 7,661 $ 62,009 $ 52,346 $ 4,004 $ 2,002 $ 15,322 $ 7,661 $ 62,009 $ 52,346 $ 4,004 $ 2,002 $ 15,322 $ 7,661 $ 62,009 $ 52,346 $ 4,004 $ 2,002 $ 15,322 $ 7,661 $ 62,009 $ 53,126 $ 4,064 $ 2,032 $ 15,550 $ 7,775 $ 62,933 $ 66,311 $ 5,073 $ 2,536 $ 19,409 $ 9,705 $ 78,552 $ 328,821 $ 25,155 $ 12,577 $ 96,246 $ 48,123 $ 389,521
  • 8.
    BLACKHAWK SCHOOL DISTRICT EARLYRETIREMENT INCENTIVE 2017-2018 SOCIAL LESS RETIREMENT LESS TOTAL SECURITY REIMBURSEMENT PSERS REIMBURSEMENT SALARY & SALARY 7.65% 50% 30.25% 50% BENEFITS $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 83,221 $ 6,366 $ 3,183 $ 25,174 $ 12,587 $ 98,991 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 82,961 $ 6,347 $ 3,173 $ 25,096 $ 12,548 $ 98,682 $ 81,582 $ 6,241 $ 3,121 $ 24,679 $ 12,339 $ 97,042 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 81,582 $ 6,241 $ 3,121 $ 24,679 $ 12,339 $ 97,042 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 84,237 $ 6,444 $ 3,222 $ 25,482 $ 12,741 $ 100,200 $ 83,457 $ 6,384 $ 3,192 $ 25,246 $ 12,623 $ 99,272 $ 997,782 $ 76,330 $ 38,165 $ 301,829 $ 150,915 $ 1,186,862 $ 159,762 ADJUSTED NET SAVINGS: $ 1,027,100 $ 56,102 $ 4,292 $ 2,146 $ 16,971 $ 8,485 $ 66,733 $ 56,102 $ 4,292 $ 2,146 $ 16,971 $ 8,485 $ 66,733 $ 56,102 $ 4,292 $ 2,146 $ 16,971 $ 8,485 $ 66,733 $ 56,102 $ 4,292 $ 2,146 $ 16,971 $ 8,485 $ 66,733 $ 56,362 $ 4,312 $ 2,156 $ 17,050 $ 8,525 $ 67,043 $ 69,387 $ 5,308 $ 2,654 $ 20,990 $ 10,495 $ 82,536 $ 350,157 $ 26,787 $ 13,394 $ 105,922 $ 52,961 $ 416,512 NET SAVINGS FROM ERI - 3RD YEAR $ 610,588 Three Year Savings $ 1,565,156
  • 9.
    2014-15 Budget 2015-16Budget Increase (Decrease) % Increase over 2014-15 2014-15 Millage 2015-16 Millage Increase (Decrease) Value of 1 Mill iquippa $21,498,076 $22,408,599 $910,523 4.235% 34.0 34.75 .75 $75,000 mbridge Area $41,794,796 $44,091,703 $2,296,907 5.496% 73.94 75.86 1.92 $278,161 eaver Area $27,944,564 $28,970,540 $1,025,976 3.671% 69.60 72.20 2.60 $201,462 g Beaver $25,522,216 $26,306,494 $784,278 3.073% 64.0 64.0 0 $85,365 ackhawk $33,979,900 $34,514,917 $535,017 1.575% 57.68 59.12 1.44 $258,706 entral Valley $32,583,889 $34,099,041 $1,515,152 4.650% 49.95 51.15 1.20 $292,680 eedom $21,400,000 $21,738,057 $338,057 1.580% 48.30% 53.40 5.10 $136,907 opewell $36,209,987 $37,588,897 $1,348,910 3.725% 68.50% 70.0 1.50 $219,380 dland $5,091,757 $5,074,698 ($17,059) -0.335% 29.50% 30.25 .75 $18,072 ew Brighton $22,164,589 $23,033,490 $868,901 3.920% 57.15% 60.30 3.15 $83,975 verside $22,597,984 $23,788,064 $1,190,080 5.266% 61.95% 63.55 1.60 $127,088 ochester $15,843,229 $16,565,594 $722,365 4.559% 65.25% 67.0 1.75 $71,070 outh Side $22,287,622 $23,473,557 $1,185,935 5.321% 52.40% 67.0 2.50 $128,222 estern Beaver $12,048,488 $12,440,488 $392,000 3.254% 51.0% 54.90 -51.0 $67,536 tal $340,967,097 $354,064,139 $13,097,042 49.90% $2,034,624 verage $24,354,793 $25,290,296 $935,503 3.571% 58.19 58.19 $145,973
  • 10.
    2012-13 Actual Expenditures 2013-14 Actual Expenditures 2014-15 YTD Expenditures 2015-16 Budgeted Expenditures 2016-17 Proposed Expenditures TotalIncrease in Expenditures ersonnel Services- alaries $14,383,104 $14,533,503 $15,093,099 $15,229,612 $15,385,158 $1 million ersonnel Services- enefits $6,847,365 $7,601,664 $8,153,834 $8,868,408 $9,388,966 $2.5million urchased Professional nd Technical Services $500,924 $595,248 $645,847 $667,150 $677,660 $176,000 urchased Property ervices $583,151 $621,541 $740,852 $728,100 $746,892 $163,741 ther Purchased ervices $4,467,586 $4,572,754 $4,552,582 $4,262,656 $4,565,798 $98,000 upplies $1,616,295 $1,492,339 $1,482,727 $1,574,190 $1,539,561 Decrease $76,000 roperty $435,130 $552,514 $420,841 $426,150 $580,024 $144,000 ther Objects $1,473,736 $1,623,758 $1,560,992 $1,602,621 $1,510,348 $36,612 ther Financing Fees $960,380 $1,031,091 $,543,003 $1,156,030 $1,577,900 $617,520 eport Totals $31,267,671 $32,624,412 $34,193,777 $34,514,917 $35,872,307 $4.65 million
  • 11.
  • 12.
    TOTAL - SALARY $10,359,195 $10,826,615 $ 467,420 $11,296,010 $ 469,395 $936,815 Social Security $ 396,239 $ 414,118 $ 17,879 $ 432,072 $ 17,954 $35,909 Retirement $ 1,338,408 $ 1,625,616 $ 287,208 $ 1,809,621 $ 184,005 $471,213 $ 12,093,842 $ 12,866,349 $772,507 $ 13,537,703 $ 671,354 $1,443,861 lary percentage rease 4.51% 3.09 mills 4.34% 2.68 mills 8.85% 5.77 mills lary, Social Security and PSERS rcentage increase 6.39% 5.22% 11.61%
  • 13.
    Concession #1 Defer raiseto second semester Concession #2 Extra Plan Period for AP Pay Freeze Extend contract by 2 years