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C
A
A
D
Good
evening-
and
thank
you
very
much
for
being
here,
I
think
this
starts
our
budget
Journey.
So
between
now
and
the
six
months
from
now,
we
hope
to
have
a
budget
in
place
and
and
ready
to
rock
and
roll
for
another
great
school
year.
So
we'll
get
get
started
with
our
mission
and
vision,
slides.
D
Our
Focus
today
is
really
on
the
high
level
of
collaboration
and
communication
looking
to
work
together,
the
community
to
understand
our
needs
and
what
we
can
do
to
continue
to
grow
at
Centennial
norms
and
expectations.
D
D
If
you
don't
get
a
letter
that
means
you're
in
good
shape.
If
you
do
get
a
letter,
you
should
respond
to
that
by
the
March
1st
deadline
in
order
to
claim
your
homestead
exclusion.
If
you
qualify,
okay,.
D
Correct
correct,
yes,
that's
that's
thank
you!
Mr
goldix
and
that's
at
the
bottom
there,
but
yes
go
to
the
County
tax
office.
D
This
slide
is
a
is
a
slide.
We've
started,
I've
started
each
of
the
budgets
that
we've
shared,
that
the
budget's
not
just
a
collection
of
numbers,
but
it's
an
expression
of
our
values
and
our
aspirations
and
I
think
that
really
holds
true
for
us
and
something
that
we
keep
in
mind
as
we
move
forward.
D
Some
goals
for
tonight
is
really
a
review
of
the
school
funding
in
Pennsylvania
I'm,
going
to
open
that
up
and
and
sort
of
walk
through
the
sources
of
revenue
in
Pennsylvania
and
and
how
they
are
broken
apart
and
how
they
impact
our
overall
school
funding.
D
Understanding
what
the
board
would
like
to
accomplish
through
the
budget
process,
both
short-term
and
long
term,
while
it's
understandable
to
focus
on
just
the
year
ahead.
It
is
really
important
that
we
look
at
it
and
look
at
the
future
right
and
making
sure
that
we're
taking
that
into
account
as
we
as
we
proceed.
D
Finally,
we'll
look
at
the
elements
of
the
budget,
Revenue
sources,
expenses,
cap
and
capital
planning
and
finally
begin
the
dial
begin,
the
planning
dialogue
that
will
successfully
end
in
the
sound
financial
plan
for
the
2324
school
year,
as
well
as
a
road
map
through
fiscal
year.
2028.
D
Our
timeline
that
we
had
shared
earlier,
the
September
30th
date
came.
The
Act
1
index
was
identified
where
it's
September
15th
our
first
budget
work
session
and
as
I
shared
six
months
from
now.
We
hope
to
have
the
budget
in
place
and
ready
to
go
so
school
funding
in
Pennsylvania.
The
next
series
of
slides
is
going
to
look
at
our
school
funding.
D
How
funding
is
is
done
for
the
500,
Plus
or
500
school
districts
in
Pennsylvania,
as
well
as
all
of
those
in
Bucks
County
Pennsylvania
expects
that
local
taxing
districts
will
be
financially
responsible
for
for
supporting
local
control
of
schools
right
because
they're
operated
locally
by
elected
board
members.
It's
an
important
understanding
that
I
think
gets
sometimes
lost
in
the
in
the
process.
D
Pennsylvania
therefore
shares
the
funding
with
schools
with
each
of
the
500
public
school
districts
in
the
Commonwealth
and
utilizes.
Both
a
base
funding
a
consistent
source
of
funds,
as
well
as
a
variable
through
a
funding
formula
set
of
dollars
in
its
calculation
of
basic
education
funding,
which
we
refer
to
as
bef.
D
And
the
formula
takes
into
account
a
number,
a
number
of
items:
three
to
be
exact.
It
looks
at
enrollment
within
schools
how
that
moves
from
year
to
year.
It
looks
at
an
economic
indicator
known
as
the
local
effort
index,
which
is
a
measure
of
household
income
and
then
a
local
capacity
index,
which
is
a
measure
of
the
ability
of
that
District's
ability
to
generate
additional
revenue
and
those
are
all
compared
Statewide.
D
So
it
looks
at
where
you
stand
one
year
compared
to
the
other
and
across
those
500
schools,
so
they
will
move
in
and
out
sort
of
with
the
tide
in
2023
the
2023
year
school
year
that
we
are
now
entering
into
centennial's
enrollment.
As
we
look
at
the
funding
formula,
the
centennials
enrollment
stayed
relatively
steady,
which
wasn't
true
for
all
school
districts
in
the
in
the
Commonwealth.
Our
economic
indicators,
the
prior
three
years
of
data,
decreased
compared
to
the
rest
of
the
state,
resulting
in
an
increase
in
our
formula
funding.
D
The
chart
here
shows
the
past
eight
years
of
the
funding
formula.
You
can
see
that
we
had
a
declining
share
of
that
formula
from
16
through
20.
Then
we
had
a
relatively
we
had
two
years
of
relatively
flat
movement
in
that
which
would
indicate
our
formula
piece
of
the
pie
would
have
been
constant
and
then
in
2023
this
year
that
we're
starting
now,
we
actually
saw
quite
a
jump,
as
indicated
at
the
top
of
the
slide,
based
on
the
change
in
the
district's
formula
indicators
compared
to
the
state.
D
So
that
that
implementation
of
the
funding
formula
does
create
some
variability
as
we
move
forward
and
the
amount
of
money
that
can
be
expected
from
the
state,
the
state
share
has
been
roughly
25
percent
of
the
cost
to
operate
the
district.
As
we've
looked
at
the
past
number
of
years,
the
federal
government
has
contributed
about
two
and
a
half
million
dollars
annually
or
roughly
two
percent
of
our
overall
budget.
D
That
is
excluding
the
Esser
funding,
which
the
two
and
a
half
million
dollars
is
excluding
yes
or
money,
which
is
a
temporary
increase
that
we
will
see
through
FY
24.
So
we
have
one
more
year
of
Esser
funny
Esser
funding.
Okay,.
D
And
as
we
look
as
we
go
through,
these
slides
we'll
see
that
the
funding
from
the
federal
and
state
government
has
been
relatively
flat
year
over
year
right.
So
as
we
build
our
budget
and
as
we
look
at
our
numbers
with
that
with
those
being
flat,
those
sources
and
those
sources
are
not
adjusted
for
the
Consumer
Price
Index.
There's
no
CPI
adjustment
for
either
of
those.
It
really
increases
the
Reliance
on
local
sources.
D
D
Increases
in
our
real
estate,
taxes
are
governed
by
the
Act
One
index,
which
is
the
state's
measure
of
determining
property
taxes
justified
by
wage
inflation.
Looked
at
a
several
different
metrics
as
the
next.
This
series
of
slide
is
I'm,
going
to
we're
going
to
break
down
each
of
the
components
of
both
Federal
federal
revenue,
state
revenue
and
local
Revenue
I'm,
going
to
just
use
the
last
year.
We
just
closed
out
as
a
guideline
to
see
to
show
that
those
funds
so
locally.
D
D
At
the
state
level
we
collected
nine
or
32
million
nine
hundred
and
three
thousand
or
just
under
25
24.5
percent,
to
be
exact
and
at
the
local
level
we
collected
five
million,
eight
hundred
and
thirty,
eight
thousand
or
four
point
three
percent
again.
That
includes
just
over
three
million
dollars
in
Esser
funding,
which
is
sort
of
that
difference
between
the
two
and
a
half
that
I
had
mentioned
earlier.
Okay,
if
there's
any
questions,
just
shout
out.
D
The
Esser
money
is
is
temporary,
so,
as
we've
shared
when
we
have
identified
some
of
the
items
that
we
have
in
Esser,
our
temporary
funding
have
temporary
needs
book,
packs
and
things
that
we
will
we'll
be
able
to
use
a
lot
of
the
AIDS
in
the
additional
Educational
Tools
that
we
got
are
reusable,
but
there
are
our
cvla
leader
right
within
that
that
person
is,
is
not
not
in
the
general
fund
budget.
That'll
be
an
item
that
we
will
look
at
talking
about.
D
We
look
at
the
Specialists
and
the
coaches.
Those
people
were
not,
you
know
they're,
not
in
the
general
fund
budget.
They
would
need
to
be
pulled
into
the
general
fund
budget.
That's
another
discussion
that
we'll
need
to
have.
A
E
The
actual,
if
you
remember
well,
you
weren't
here,
so
you
can't
remember
so,
for
example,
with
cvla.
That
was
a
discussion
with
the
board
to
use
this
money
to
jump
start
the
program
with
the
idea
that
if
it's
working
our
goal
was
to
keep
it
going
and
to
deal
with
it
in
the
upcoming
budgets.
So,
for
example,
that's
a
program
that
had
ended
up
creating
a
cost
avoidance
of
over
a
million
dollars
because
we
kept
students
in
the
district
by
giving
that
choice.
So
an
example
of
the
impact
would
be
those
roughly
60.
E
A
A
F
So
just
one
is
there
a
way
that
we
can
look
at
everything
that
has
been
funded
by
the
Esser
funds
and
then
maybe
we
can
I,
don't
know
move
money
around
somehow
to
keep
the
things
like.
You
know
the
CVL
I
mean
we
need
to
keep.
We
want
to
keep
our
students
here.
Well,.
E
The
process
that,
as
discussed
back
then,
and
when
you
got
the
presentation
on
Esser,
we
can
send
it
out.
He
provided
a
grid
that
showed
you.
What
was
you
know
funded.
So
you
know,
97
percent
of
our
Sr
money
was
targeted
at
instruction
and
teaching
and
learning
because
of
the
impact
of
covet,
unlike
some
other
places
that
may
have
done
brick
and
mortar
or
something
like
a
big
chunk
that
doesn't
require
recurring
was
the
health
and
safety
purchase
of
supplies
and
equipment.
So
we
didn't.
E
E
It
you
have
parts
that
will
stay
and,
and
deceived
La,
for
example,
is
a
discussion
for
this
budget,
whether
to
go
ahead
and
move
it
or
not
this
year.
So
you
don't
get
all
hit
all
at
once.
A
D
So
it's
not
as
as
we
move
through
this
current
budget
right,
identifying
those
expenses
that
as
Mrs
Crossing
identified
and
I,
made
a
note
to
do
so
to
identify
those
costs
that
are
reoccurring
and
or
items
that
we
would
like
to
be
able
to
move
forward
on
and
then
the
timing
of
that
transition
right.
So.
F
Just
one
of
the
other
things
we
did
didn't
we
get
school
psychologists
in
or
for
the
for,
the
different
schools
wasn't
that
one
that
we
used
we
did.
We
did
was
that
that
was
Esther.
D
F
D
D
Federal
government
also
provides
individuals
with
disabilities.
Education
Act
idea,
funding,
Ida
idea
funding
is,
is
really
targeted
towards
special
education
and
one
of
the
challenges
that
we
hear
or
have
continued
to
hear
is.
Is
it's
never
been
fully
rolled
out
right?
So
it
has
increased
one
and
a
half
percent
per
year,
but
our
special
education
costs
continue
to
to
exceed
that
year
over
year.
So
there's
a
constant
cry
for
to
fully
fund
idea.
D
We
have
title
funding
which
we've
cut
just
under
a
million
nine
hundred
and
thirty
one
thousand
dollars
in
title
funding:
456
000
in
Access
funding
at
the
state
level,
the
32
million
nine
hundred
and
three
thousand
is
broken
up
between
basic
education
funding,
which
we
just
spoke
about
earlier,
the
bef
as
well
as
special
education
funding
SEF
as
two
sections
of
of
money
that
we
receive
from
the
state.
The
bef
has
grown
just
about
4.8
percent
a
year
over
the
past
five
years.
D
So
it's
just
under
a
percent
a
year
and
the
special
education
funding
has
grown
13
over
that
same
five-year
window
or
about
2.6
percent
per
year
we
received
12
12
million
dollars
in
pension
and
social
security
contributions,
2
119
000
in
property
tax
reductions.
That's
the
homestead
money
that
we
we
mentioned
earlier,
that
comes
out
in
in
the
state.
We're
able
to
reduce
our
property
taxes
by
that
same
amount
that
the
state
reimburses
us
for
Transportation
subsidy,
the
state
provided
a
transportation
subsidy
of
717
thousand
dollars,
that's
about
12
percent
of
the
cost.
D
It
requires
us
to
operate
our
Transportation
Center
Transportation
Center
in
2022
totaled
about
6
million
just
over
six
million
dollars
and
then
there's
a
million
dollars
in
other
funding.
That
includes
a
sinking
fund
which
is
sort
of
debt
service
support
for
the
school
district
as
as
well
as
the
ready
to
learn
block
grants
that
are
distributed.
D
And
at
the
local
level
to
to
break
down
that
95
million
795
000
in
local
funding,
80
million
of
that
80
million
789
thousand
dollars
came
from
real
estate
taxes,
real
estate
taxes
make
up
84
percent
of
our
local
funding
and
60
of
our
total
revenue.
As
you
look
at
that,
so
it
is
it's
a
huge
chunk.
D
511
taxes,
we
discussed
that
at
the
previous
board
meeting
almost
12
million
dollars
in
act
511
taxes
that
was
a
jump
of
twenty
percent
and,
as
we
discussed
at
the
last
meeting,
we
really
expect
that
to
be
somewhat
of
an
anomaly.
We
don't
see
that
as
a
reoccurring
growth
it
just
and
we
we're
expecting
sort
of
reductions
in
some
of
those
act.
D
A
D
Delinquent
Tax
collections
are
are
just
just
that
right,
so
we
have
It's
a
combination
of
any
tax
questions,
so
it's
real
estate
tax
collections,
as
well
as
any
511
tax
questions
that
we
do
that
if
we
have,
you
know
people
who
don't
pay
them.
We
we
seek
them
out
right,
so
we
work
with
Keystone
Collections
and
and
we
we
work
to
to
recover
those
funds.
D
D
Is
a
lot
of
money?
That
is
a
lot
of
money.
It's!
It
is
a
it's
probably
high
at
a
million
dollars,
I
think
it's
it's
usually
somewhere
between
five
and
nine
hundred
thousand
dollars
year
over
year,
but
yeah
so
last
year
was
it
was
a
little
bit
larger
than
than
than
we've
expected
in
the
past.
Thank
you.
D
Interest
you
know:
interest
Revenue
in
2022
is
56
000
right
the
interest
rates,
interest
Market
has
changed
dramatically,
so
that
is
that
could
be
an
all-time
low
in
in
interest
earnings,
when
the
interest
rates
were
were
down
the
upside
of
the
change
in
the
market.
As
us,
our
interest
rates,
interest
Revenue
growing,
certainly
significantly
more
than
fifty
six
thousand
dollars.
So
it's
a
positive
that
we'd
expect
in
in
the
current
year
end
in
moving
forward.
D
Okay
in
the
last
there's,
a
group
of
352
000
of
other
expenses
and
they're,
probably
a
half
a
dozen
individual
line,
items
that
make
that
total
up
okay,
so
that
is
our
collection
of
of
local
taxes
and
again,
my
hope
is
that,
as
we
share
these
we're
adding
insight
into
what
our
sort
of
big
numbers
and
beginning
to
Pare
them
down.
D
Overall,
as
we
look
at
State
funding
right,
State
funding
increased
from
31
million
192
in
over
five
years
to
32
903,
an
annual
change
of
just
about
one
percent
a
year.
Federal
funding
actually
decreased
a
little
bit
in
that
same
five-year
period,
and
you
know
as
a
comparison,
the
Consumer
Price
Index
was
was
averaging
a
3.9
percent
increase.
So
as
we
look
at
the
Dynamics
of
school
funding
in
school
budgeting,
we
are
we're
in
the
middle
of
that
right.
D
We
have
somewhat
flat
taxes,
tax
revenue
from
the
federal
government,
as
well
as
from
the
state
and
buttressed
against
ever
increasing
costs,
and-
and
you
know
that's,
the
sort
of
the
last
statement
at
the
end
is-
is
that's
where
we
get
caught
and
as
I
shared
in
the
beginning.
D
The
state's
position
is,
is
that
schools
are
locally
funded,
and
you
know
that's
obviously
true
by
the
majority
of
the
the
funding
source
being
local.
D
One
index
this
is
sort
of
the
definition
of
the
Act
One
index
as
as
copied
out
of
the
the
PS
pde
documents
and
really
to
cut
it.
To
short,
is
the
act?
One
index
really
reflects
a
rough
measure
of
the
rate
of
change
compensation
change
across
the
state
right
and
it
uses
both
local
Pennsylvania
metrics
around
that,
as
well
as
National
metrics
around
that
okay
to
to
formulate
and
to
calculate
that
act.
One
index
and
the
actual
index
for
the
2324
school
year
that
we
will
be
moving
on
is
4.1
percent.
D
It
is
higher
because
again
as
we
look
at
the
inflationary
pressures
on
on
labor
right,
those
are
the
key
drivers,
Mrs
Lynch
to
that
math
right.
So
the
the
labor
market
and
the
escalation
of
those
labor
costs
are
really
key
numbers.
As
we
look
at
that
act,
one
Index
right.
The
Act
One
index
had
been
decreasing
for
a
period
of
time
and
given
the
marketplace,
given
the
labor
market
in
particular
that
act,
one
index
is
driven
a
little
higher.
We
had
actually
anticipated.
D
If
you
recall
back
last
year,
the
ifo
had
calculated
a
number
closer
to
4.3
percent
is
what
they
had
anticipated
the
Act
One
index
coming
in
for
this
year.
So
it's
it's
a
little
bit
under
that,
but
still
a
very
big
number.
Thank
you.
D
As
we
look
at
property
assessments,
which
is
the
the
number
that
is
used
in
the
calculation
of
those
real
estate
taxes,
property,
the
assessment
total
assessment.
Those
reports
come
out.
The
latest
report
came
out
in
November.
Those
assessments
have
increa,
you
know
increased
0.13
percent
from
previous
years
as
I
looked
back
over
the
last
five
I
think
we
we
have
seen
on
average.
D
In
those
five
years
about
a
point,
seven
percent
increase
to
our
assessed
values
year
over
year
and
that
translates
to
to
roughly
five
or
six
hundred
thousand
dollars
if
held
flat.
Okay.
D
And
I
look
over
the
past
10
years
right
so
over
the
past
10
years
you
can
see
in
blue
the
Act
One
index
and
you
can
see
where
the
district
budget
increase
came
in
so
over
the
past.
Over
the
last
three
years
we
have
delivered
a
budget
that
was
under
the
Act
One
index,
and
that
was
something
that
hadn't
been
accomplished
in
in
the
prior
seven
years.
As
we
look
at
at
that
window
of
time,
you.
E
E
Yes,
so
the
budgets
other
than
the
time
that
we've
been
here
actually
have
increased
more
than
the
act
one
in
Prior
years,
so
it
won't
the
act.
One
actually
is
not
the
actual
highest
increase.
That's
ever
been
done.
I
believe
that
there
was
a
period
in
time
that,
from
trying
to
understand
what
happened
there,
there
was
a
discussion
about
the
fact
that,
in
playing
catch-up
in
some
cases,
I
know
Warminster
went
through
it.
E
At
one
point,
one
of
the
things
that
you
don't
want
in
a
district
is
an
up
and
down
roller
coaster,
and
when
you
actually
have
issues
where
you
don't
you
do
these
zeros
for
long
years
and
your
cost
is
continually
escalating.
E
D
D
Yeah
year
over
year,
the
numbers
change
percentageally.
This
does
sort
of
sort
of
level
that
a
little
bit
but
yes,
you're,
correct
the
2013-14
budget.
C
A
It's
important
other
people,
but
it's
when
you
do
a
comparison,
a
lot
of
things
are
go
into
it
not
just
this
is
how
much
we
spent
this
is
the
index,
but
we're
not
equating
sure
the
budget
at
that
time
with
it
all.
D
Understood
and
agreed-
and
you
know
and
and
points
in
time
there
could
have
been
as
as
Dr
Ben
alluded
to
right
areas
in
need
that
the
district
had
to
address
whether
those
were
special
education
needs.
Whether
those
were
needs
that
were
outside
of
the
that
group
right
and.
E
By
part
of
my
point
is,
while
we
weren't
there,
one
of
the
things
that
people
look
at
act
index
for
is
what
they
is
a
reasonable
starting
point
to
make
decisions,
and
then
boards
have
to
decide
what
about
that.
They
are
willing
to
absorb
or
not
absorb,
and
also
what
are
you
willing
to
dip
into
free
like
you've
got
a
term
your
rainy
day
fund,
the
budgets.
Obviously,
each
year
are
going
to
go
up
because
you
have
an
obligation
right
off
the
bat,
absolutely.
A
E
Understand
yeah
because
of
your
contract
with
employees,
you
saw
what
happened
with
the
cost
of
goods
and
services.
Our
food
service
was
running
25
percent
higher
correct
just
to
buy
goods
and
service
gasoline
prices,
as
you
know,
and
we
spend
roughly
six
million
dollars
now
on
Transportation
and
a
big
part
of
that.
As
you
pointed
out,
Ms
Lynch
is
a
choice,
a
service
we
give
to
support
our
families
because
we
know
it's
important,
but
it
does
drive
up
cost
because
it's
a
service,
that's
not
required.
E
A
I'm
not
saying
that
I'm
just
this
is
a
budget
meeting
I'm
exploring
you're,
not
looking
at
what
you're
saying
for
the
acting
and
I'm
looking
at
state
and
federal
funding
hypothetically
for
2000
22.,
that's
a
large
increase!
A
D
Okay,
this
fun
this
slide
here
then.
Yes,
right
so
I,
that's
what
we're
looking
at
right.
So
you
know
one
one
thing,
that's
sort
of
challenging
in
graphs
I
think
is,
is
just
the
the
segments
right.
So
it
did
so.
It
went
up
from
in
in
18
over
five
that
five-year
window
right.
It
increased
from
just
over
a
million
and
a
half
dollars
over
that
five-year
window
right
so
that
that
increase,
while
in
a
bar
chart.
D
If
I
look
at
the
bar
on
the
on
the
far
right
compared
to
the
the
bar
on
the
far
left,
there
is
a
certain
increase
to
that
right.
That
increases
is
a
million
and
a
half
dollars
that
increases
about
a
one
percent
move
right,
so
in
in
in
dollars
and
cents
right.
We
moved
from
just
under
34
million
dollars
in
federal
and
state
funding
to
35,
5,
say
right,
so
we've
moved
about
a
million
six
in
in
in
Revenue
right.
That
equates
to
about
a
one
percent
annual
change
and
I.
D
Think
that's
what
this
slide
tries
to
tell
us
is
that
federal
and
state
funding
is
is
relatively
flat
and
when
compared
to
the
Consumer
Price
Index
we're
actually
losing
ground
right,
we're
actually
losing
ground,
because
the
costs
are
growing
up
faster
than
that.
It
was
always
one
of
those
comments
that
Mr
Miller
would
always
make,
and
and
reiterate
that
when,
when
the,
when
the
increases,
aren't
and
and
in
the
state
and
federal
level,
aren't
keeping
Pace
with
inflation,
we're
losing
ground,
and
it's
really
the
purpose
of
this
slide.
D
If
there's
a
takeaway,
is
that
that's
part
of
the
challenges
that
we
have
right,
that
cpis
growing
over
that
five-year
window?
It
grew
3.9
percent
over
the
year
from
you
know,
a
year
ago
right,
the
June
CPI
from
June
of
22
to
June
of
2021
to
June
of
22.
The
CPI
increase
grew
nine
percent
right,
so
we're
still
faced
with
significant
inflationary
costs,
as
Dr
Ben
alluded
to
when
he
called
out
food
service.
D
Those
costs
are
real,
and
the
default
in
in
the
school
budget
planning
is
that
the
local
taxes
make
up
that
number
right,
and
that's
just
part
of
the
challenge
that
we
will
be
working
through
over
those
six
months.
But
again,
part
of
the
goal
of
this
meeting
is
to
to
make
sure
that
we
all
understand
one
how
the
math
works,
the
components
of
it.
What
the
federal
government
contributes,
what
state
government
contributes
and
what
the
local
government
can
contributes,
but
does
that
answer
your
question?
Does
that
make
sense
all.
A
I
want
to
say
too
is
that
since
it's
a
budget
meeting,
I
just
wanted
to
throw
some
things
out
there
and
get
some
answers.
I
have
another
thing.
If
you
don't
mind
the
homestead,
yes,
the
homestead
was
relatively
high
this
year.
It
was:
will
that
be
the
same
for
next
year
or
don't
you
know,
you're,
not
the
state
of
Pennsylvania
I'm.
D
Not
the
state
of
Pennsylvania,
thank
goodness
I,
would
anticipate
right.
I
would
anticipate
that
the
homestead
Farmstead
funding
will
continue
to
increase
right.
I
would
think
it
will
continue
to
increase
the
homestead
Farmstead
funding
is
based
on
gambling
receipts
right.
So
it's
heavily
tied
to
games
the
casinos
as
well
as
betting
right,
any
any
type
of
betting
right
and
those
sports
fans
amongst
us
right.
You
don't
watch
a
game
that
you
don't
have
at
least
two
commercials.
D
Every
15
minutes
supporting
some
type
of
gambling
right
where,
where
gambling
in
sports
used
to
be
taboo,
they're
now
almost
bed
mates
to
some
extent
right,
so
that
gaming
I
think
the
gaming
industry,
which
was
sort
of
sort
of
winding
down
in
some
ways
right
really
took
off
with
some
limited
casinos
in
the
Commonwealth,
but
more
so
gaming
on
on
sports
betting.
I
think
that
so
I'm
thinking
that
it
will
continue
right.
We
originally
saw
increases
in
Homestead,
because
people
were
home
right
people,
weren't,
weren't
at
work.
D
They
were
sitting
at
home
and
and
and
and
adding
to
that
Revenue
I
expect
that
number
two
at
minimum
stay
the
same
that
Homestead
number
and
that
at
best
begin
to
increase
right,
and
that
does,
as
we
talked
about
last
year,
that
did
fund
a
significant
reduction
to
to
our
homeowners
right.
I
think
the
number
was
close
to
two
hundred
and
twenty
thousand
dollars.
If
I,
if
I
have
that.
A
A
D
That's
what
I'm
believing
is
going
to
continue
to
help
support
right
so
gaming
is
is,
is
is,
is
in
the
state,
so
gaming
revenues
that
the
Commonwealth
gets
helped
fund
that
that
that
home
said
exclusion.
C
D
D
As
we
look
at
the
the
last
year's
expenses
right,
you
can
see
this
pie
chart
that
breaks
them
into
the
sort
of
the
pde
classified
sections
of
codes
codes.
You'll,
see
that
wages,
salaries
and
benefits
right
are.
Employee
costs
are
69
percent
of
our
total
expenses
right,
so
our
labor
costs
are
our
have
and
we'll
probably
always
be
sort
of
the
Lion's
Share
of
those
costs.
D
The
next
sizable
group
are
purchased
services
that
includes
mbit
tuitions.
It
includes
Charter
School
tuitions.
It
includes
costs
that
we
charge
to
were
charged
from
the
bciu
in
in
some
of
our
special
education
needs.
All
are
a
part
of
that
purchase.
Services,
Group
and
the
next
largest
is,
is
sort
of
our
debt
service,
which
is
shown
in
those
two.
It's
13
combined.
D
That
includes
both
principal
on
our
payment
of
principal
on
our
Debt
Service,
as
well
as
interest
on
that
debt,
as
well
as
13,
so
there's
very
little
caught
in
the
middle
there,
another
nine
percent
spread
between
supplies,
equipment,
and
so
actually
no
it's
it's
that
four
percent.
Really
that's
between
the
supplies
and
equipment.
My
apologies.
A
D
Okay,
so
as
we
look
at
the
expenses
right
so
as
Dr
bednet
shared
right
sort
of
the
cost
of
goods
right
cost
of
goods,
the
CPI
increased
in
the
latest
report
that
was
looking
at
October
year
over
year,
increased
7.7
percent,
it's
down
9.1
percent
from
that
high
in
June,
and
you
know,
as
we
talked
about
our
federal
and
state
funding,
isn't
tied
to
a
CPI.
But
Social
Security
benefits
are
in
fact
tied
to
to
the
CPI
right.
A
E
D
A
that's
a
that's,
a
welcomed,
welcome,
January,
treat
and
when
it
goes
into
effect
this
this
month,
labor
a
couple
of
statistics
on
labor,
the
Society
of
human
resource
management.
Sherm,
is
projecting
today
that
U.S
pay
increases
will
hit
4.6
percent
the
Bureau
of
Labor
Statistics
that
we
used
last
year
more
as
a
guidepost,
as
we
evaluated
increases
is
showing
that
compensation
increases
in
secondary
and
Elementary
and
secondary
education
is
due
to
increased
3.7
percent
year
over
year.
D
Continuing
with
labor,
we
have
the
Centennial
Education
Association
that
we'll
have
a
full
step
increase
as
part
of
our
collective
bargaining
agreement
with
them,
plus
a
0.75
increment.
We
have
the
recovery
of
the
0.2
percent
that
cea
had
given
up
and
when
we
renegotiated
their
agreement
back
in
2020
and
just
a
note,
the
expiration
of
the
current
collective
bargaining
agreement
ends
June
30th
of
2024.
D
So
we
look
at
other
areas
that
are
impacted
will
be
impacted
by
labor
and
labor
impacted.
We
had
growth
in
our
enrollment
right
so
for
the
first
time
in
in
a
number
of
years,
we're
actually
seeing
an
uptick
in
enrollment
as
we
move
from
what
was
5275
students
to
5
324
students
in
the
current
year
in
our
most
recent
enrollment
check
our
original
budget
last
year.
D
If
you
recall,
we
actually
anticipated
a
decline
in
enrollment
we
had
a
rather
large
graduating
class,
and
when
that
group
fell
off,
we
thought
we
were
going
to
drop
down.
I
think
the
enrollment
number
anticipated
5181
students
in
this
current
year
and,
were
you
know
up
150,
kids
or
so
to
that
number
and
a
good
portion
of
those
are
in
elementary
right.
E
This
is
where,
if
you
remember,
we
actually
had
to
go
and
add
teachers
so
and
if
we
had
not
gotten
help
from
some
of
the
unexpected
increases
in
some
of
the
collections
and
other
things,
and
then
the
state
increase
that
came
in
later,
we
would
have
probably
had
to
dip
into
Reserves,
because
also
class
sizes
based
on
your
policy
and
other
things
requires
us
when
we
hit
certain
numbers
to
add
Staffing
to
the
school,
which
is
why
we
also
say
how
you
assign
students
to
schools
matter.
It
triggers
Staffing,
which
then
triggers
more
money.
A
C
D
I,
don't
I
don't
want
to
steal
the
Thunder
of
a
slide,
a
couple
ahead
of
us,
but
you
know
for
the
first
year
in,
in
all
of
the
numbers
I've
seen,
we've
had
a
a
decrease
in
charter
school
funding
charter
school
funding
has
been
increasing
year
over
year.
We
actually
have
a
a
decrease
for
the
first
time
this
year.
E
Which
I
would
say
between
cvla,
which
you
know
competes
with
the
Cyber
and
then
as
Ms
Lynch
mentioned
earlier,
and
some
of
you
talked
about
the
shifts
that
are
being
made
in
progress
in
the
district
are
obviously
helping
with
the
quality
of
expect
of
perception
of
the
district,
so
people
aren't
fleeing
as
quickly
as
you've
received
earlier
for
the
Public's
benefit.
You
know:
we've
actually
gotten
communication
with
people
talking
about
moving
into
the
district
because
of
some
of
our
programs.
D
Yeah,
it's
continuing
on
the
labor
right
I
think
is
Mrs
Lynch
called
out
early
on.
You
know,
sort
of
jumping
to
the
significant
we
we
have.
We
have
Esser
funded
positions,
we've
had
significant
growth
and
we've
achieved
some
great
outcomes
based
on
some
of
those
roles
and
really
taking
a
look
at
that,
as
well
as
our
cvla
programming
and
the
expense
reduction
that
we
could
have
compared
to
what
we
are
paying
for
cyber
cyber
students
and
certainly
working
to
deliver
a
much
better
product
for
those
students.
D
Safety
and
Security
is,
is
another
area
that
we
have
been
looking
at
very
closely
in
terms
of
physical
security
of
our
buildings,
as
well
as
cyber
security.
There
isn't,
you
know,
it
seems
like
a
month
goes
by
when
another
school
is
impacted
negatively
by
cyber
breakthroughs,
whether
they're
being
held
Ransom
or
their
their
files
are
being
being
taken
right.
D
So
that's
a
very
important
area
that
we
have
had
some
discussions
on
and
we're
continuing
to
work
through
those,
and
then
you
know
highlight
three
areas
that
we've
had
some
staffing
challenges:
right:
food
service,
paraprofessionals
and
transportation
right.
Those
are
areas
that
we
haven't
been
able
to
recover
through
our
best
efforts
through
changes.
In
our
plan
we
still
haven't
been
able
to
get
to
consistently
to
the
numbers
we
have.
So
we
continue
to
sort
of
churn.
D
Other
expenses
and
we'll
sort
of
Click
through
these
mbit
is
just
a
a
cost
that
we
share
and
those
costs
for
the
district
have
increased
about
nine
percent
a
year.
Charter
Schools
is
Dr,
Ben
had
alluded
to
right
cumulative.
We
had
191.5
percent
growth
in
this
five-year
window
in
this
five-year
chart
and
for
the
first
time
in
2022
we
saw
a
reduction
in
Charter,
School
tuition,
expenses
of
six
and
a
half
percent
I
think
that's
a
great
start.
D
I
really
think
that
is
a
testament
to
the
work
that
Kristen
is
doing
and
and
that
the
group
is
doing
as
a
whole
foreign
and
also
looking
at
pension
expenses
right
teasers
that
pisers
expense
continues
to
grow.
It
totaled
20
million
three
hundred
ninety
four
thousand
dollars
by
itself
last
year.
Right,
it
alone
represents
17
and
a
half
percent
of
all
of
our
expenses,
just
the
kind
just
the
district's
contribution
to
the
pension
plan.
D
And
in
the
the
last
couple
of
slides
here
is
things
that
we
want
to
be
able
to
to
revisit
and
and
to
keep
our
keep
attention
to
is
really
sort
of
the
capital
planning
right.
Looking
for
a
commitment
in
some
way
to
our
bus
bus,
replenishments
program,
I
think
that
plan
has
been
in
in
action
one
way
or
another,
probably
for
five
years
now,
I
think
we
have
been
successful
in
two
of
those
years
at
actually
obtaining
buses.
D
It
was
an
area
that
we
removed
from
the
budget
last
year
and
we
we
ended
up
with
two
Vans,
but
I
think
that's
something
that,
as
we
look
at
our
Fleet
I'm
working
with
our
new
Transportation
supervisor,
Karen
Morgan
is
doing
an
outstanding
job
for
us
and
beginning
to
track
and
monitor
and
Report
out.
So
in
the
weekly
report
last
week,
we're
able
to
tell
you
that
of
the
group
of
buses
we
have.
D
We
have
10
that
are
on
the
sidelines
right
now
and
they're
being
worked
on
they're,
not
we're
not
sending
them
out
into
the
field.
Yet
right
they're
not
they're,
not
Dead,
on
Arrival,
but
we
are
continuing
to
use
our
our
staff
effectively
to
maintain
them,
but
it
is
something
that
we
need
to
be
looking
at
and
I
know.
Mr
birdnick,
who
was
here
before
me,
had
a
greater
excuse
me.
D
He
did
a
great
job
of
analyzing
that
and
putting
together
a
proposal
for
that
replenishment
and
again
I
think
he
had
us
one
year
with
him
and
I
know:
I
had
one
year
a
year
ago
that
we
were
actually
able
to
to
get
buses.
So
that's
an
area
to
be
talked
about
any
other
areas,
as
I've
discussed
with
the
operations
committee
right
is
really
looking
at
that
Capital
plan
and
making
that
a
a
bringing
that
closer
to
our
business
plan
and
making
sure
that
we
collectively
as
a
board
you
present
to
you.
D
D
That
brings
me
to
sort
of
our
key
discussion
questions.
If
they
hadn't
been
answered
yet,
is
you
know,
sort
of
given
the
information
presented
tonight?
What's
the
school
board's
desire
for
desired
outcome
for
this
year's
budget
process
or
the
things
that
you
are
looking
to
see
areas
that
you
would
like
us
to
further
investigate
or
further
dig
into
and
given
the
information
presented?
D
G
Mr
Greenwood
I
do
have
a
question
for
you,
sir,
starting
with
the
understanding
that
you
know
as
you've
presented
so
well
tonight.
It
costs
a
lot
of
money
to
run
this
district
and
that
just
keeps
going
up
as
shown
by
the
CPI.
G
You
know,
and
we
just
bear
a
large
portion
of
that
locally
and
that's
where
the
act
one
comes
in
yes
and
as
Dr
Benton
said,
that
part
of
the
act
one
is
to
try
to
level
out
any
potential
spikes
in
the
future
for
needing
huge
taxes.
Here
he
says
so.
G
Obviously
it
costs
more
to
run
this
District
that
money's
got
to
come
from
somewhere,
but
I
think
it
would
help
us
all
as
we
go
through
the
budget
process
as
we
get
closer
to
solidifying
numbers
and
getting
things
more
nailed
down
as
to
where
we
are
financially
for
us
to
be
presented
with
brackets
of
what
certain
increases
would
would
allow
us
to
do
so,
starting
from
a
zero
percent
increase.
Can
we
even
run
the
district
based
on
what
our
increased
operating
costs
are?
What
that
does
for
our
future
plan?
G
Or
can
we
future
plan
with
that?
If
that
doesn't
work,
whatever
brackets
make
sense,
that
does
a
one
percent
bracket,
an
increase,
allow
us
to
even
run
the
district
and
do
what
we
need
to
do
for
the
students
and
or
are
we
going
to
fall
behind
with
that?
And
you
know
what
was
the
two
percent
due
for
so
at
least
I
know
for
me,
coming
from
not
a
financial
background
that
would
help
big
picture
to
wrap
my
head
around
exactly
where
we.
G
E
If
you
remember
just
from
last
year,
just
you
know
just
for
the
Public's
benefit
who
couldn't
be
here,
we
showed
you
a
chart,
zero
percent
and
it
had,
and
it
will
show
it
again,
you're
going
to
have
red
yeah
guarantee
you
but
it'll
show
you
how
much
yeah
it
would
just.
It
will
really
help
to
know
where
we
stand
as
well
as
we
will
include
again
at
the
bottom
line.
E
Also
where
you
sit
with
the
recommended
eight
percent
fund
balance
versus
like
we
were
hitting
around
7.8
at
one
point:
yep
and
those
types
of
things
below
the
recommended,
which
also
impacts
your
borrowing
power,
because
when
you
fall
below
a
certain
your
bond
rating
changes
and
then
that
raises
the
interest
rate,
but
you'll
get
that
like
we
did
last
year
too.
So
the
answer
is
yes:
I.
D
E
A
E
Before
you
go
to
next
lunch,
just
to
piggyback
on
our
comment,
we've
already
planning
to
bring
to
you
I
think
we
talked
about
February
time.
Yes,
as
part
of
one
of
the
regular
meetings,
Ms
Lynch,
that
will
give
you
the
status
of
the
buses
and
also
some
possible
considerations
that
may
help
us
control
some
of
the
cost
with
that.
Well,.
A
Know
also,
when
you
say
the
capital:
yes,
what
what
we'd
like
done
to
me
I,
don't
know
how
the
other
board
members
feel.
I
I,
think
it's
imperative
that
you
and
the
operations
committee
present
to
us.
A
What
is
needed
to
be
done
right
away
or
could
be
done,
or
would
it
be
a
dream
that
we
would
do
so
I
feel
right
now,
myself,
I
just
can't
sit
here
and
throw
out
Capital
things.
I
have
a
little
one
very
little
one,
but
I
won't
bring
that
up
today,
because
it's
too
small
so
I
think
the
burden
of
proof.
It
really
is
on
you
and
the
operations
committee
to
bring
that
information
to.
D
Us
agreed-
and
we
we
shared
I-
think
at
some
point
last
year,
the
capital
plan
that
we
had,
we
had
reviewed
I
think
it.
It
I
think
it
ran
into
some
challenges
and
it'll
sort
of
take
the
the
ownership
for
that
planning.
But
again
I
want
to
make
sure
that
I
do
and
that's
why
I'm
I'm
putting
it
on
the
chart
tonight
to
make
sure
that
you're
going
to
see
it
again
right
because
I
can't
I
I
I
I
I
allowed
it
to
fall
off
the
chart
right.
A
D
I'm
I'm,
all
in
right,
so
so
I
I
want
to
make
sure
that
we
do
include
it
right
and
that
we're
able
to
begin
to
plan
ahead
right,
I,
know
Mr
Shepard
would
love
that
idea
right
to
know
that
hey
I've
got
a
summer
away
from
me
right
right
now,
we're
talking
about
work
that
we're
going
to
do
in
in
the
parking
lots
at
the
high
school
this
coming
summer.
But
we
really
need
that
sort
of
lead
time.
Really.
You
really
need
to
be
thinking.
D
You
know
six
to
nine
months
ahead,
because
our
window
of
of
of
significant
improvements
is
a
summertime
window
right.
We
have
two
months
to
be
able
to
rock
and
roll
and
and
get
some
work
done.
So
we
need
to
sort
of
have
that
kind
of
planning
already
into
the
next
year
right.
So
when
we're
looking
at
at
parking
lots
we're
looking
about
we're
talking
about
this
year's
budget
that
we're
working
on
now
right
we're
talking
about
spending
that
money
thing.
A
C
There
any
other
questions
well
to
Tommy
and
I
I
was
kind
of
listening
to
what
Mr
ginhardt
said.
You
know
if
we're
starting
with
a
zero
percent
budget,
but
do
we
then
have
the
ability
to
create
an
A,
La,
Carte
type
of
cost
effective
so
that
we
can
say
well.
This
is
what
we
want
to
add,
or
this
is
what
we
do
not
want
to
add.
Certainly,
that
would
I
think
help
the
whole
process
as
well.
Yep.
D
And
I
think
that's
the
goal
right.
It
gets
a.
It
gets
a
little
granular,
but
certainly
I
know
Dr
Ben
is
has
stressed
to
me
the
need
to
be
able
to
do
that
right
now
the
board
to
really
make
those
decisions
right.
So
we
have
a.
D
We
have
a
number
of
hot
items
that
we
will
be
able
to
go
through
and
talk
about,
and-
and
that
was
really
our
desire
to
have
this
meeting
tonight
right-
not
to
not
to
scare
anybody
not
to
overwhelm
anybody
but
really
to
begin
that
thinking
as
we
move
into
January
and
and
look
at
it
at
the
decisions
that
need
need
to
be
made
in
January
and
and
really
over
the
next
six
months.
D
Right
I
mean
that's
the
that's
the
idea
and
again
I
I
I
appreciate
Dr
Benton's
support
in
in
starting
off
with
the
December
meeting
right.
So
our
first
meeting
last
year
really
didn't
happen
until
January
we
had
a
February
budget
Workshop,
but
I
really
appreciate
your
attendance
here.
I
appreciate
anyone
who
has
tuned
in
their
attendance
Mrs
brancato.
Thank
you
very
much.
D
I
know
the
two
board
members
were
out
had
had
prior
commitments.
So
I
certainly
appreciate
that
as
well,
but
it
is,
it
is
a
task
at
hand
and
one
that
I
think
that
we
will
will
continue
to
move
forward
right
and
I
think
we'll
continue
to
keep
our
students
their
their
needs
in
in
the
Forefront
of
those
discussions,
foreign.
A
Doesn't
seem
to
be
any
further
questions
I'd
like
to
thank
you
for
your
presentation.
It
was
very
thorough
and
the
board
will
have
to
give
you
feedback,
because
that's
the
reason
we
had
this
budget
meeting
tonight.
Thank
you.
Thank
you.
The
next
portion
is
comments
from
the
public.
Thank
you,
ladies
and
gentlemen.