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2012-2013 Annual Financial Report (AFR)

The annual financial report (AFR) is submitted to the Pennsylvania Department of Education (PDE) each year after the audit is completed. Every school district in Pennsylvania is required to follow the same format for reporting. The document is also referred to as the PDE-2057. The Upper Merion Area School District AFR for the fiscal year ending 6/30/2013 is attached. Please feel free to e-mail me at sskrocki@umasd.org if you have any questions.

Download file "AFR 12-13.pdf"

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2012-2013 Audit Report

The 2012-2013 Upper Merion Area School District audit report is attached. The district's auditors, Maillie LLP, made a presentation at the December, 2013, finance committee meeting. The district received an unqualified audit report with no findings which is very positive. The School Board accepted the final audit report at the January 6, 2014, Board meeting and the full report is attached below.

Download file "Audit report 12-13 FINAL.pdf"

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2014-15 Employer Retirement Rate

From the Pennsylvania Association of School Business Officials:

Employer Contribution Rate for Fiscal Year 2014-2015

The employer contribution rate for fiscal year 2014-2015 will be 21.40%. The rate applies to salary and wages earned from July 1, 2014, through June 30, 2015. This rate was determined by PSERS’ actuary and reflects the rate caps established by Act 120 of 2010. The rate is subject to certification by PSERS Board of Trustees at its meeting on December 10, 2013. In addition, the employer contribution rate may change if pension legislation is enacted prior to June 30, 2014. The employer contribution rate for fiscal year 2014-2015 consists of 20.50% for pension costs and 0.90% for premium assistance payments.

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Property Tax Reform

From the Pennsylvania Association of School Business Officials:

After two days of contentious discussions and debate, the House approved HB 1189, sponsored by Rep. Seth Grove (R-York), which gives school districts the option to levy a local EIT, mercantile, and/or business privilege tax to reduce or eliminate property taxes. The optional tax can be levied following a school board resolution; no referendum is required. The bill passed by a vote of 149-46.

In the process of debate, the House easily defeated an amendment to the bill which would have implemented HB 76, the mandatory property tax elimination bill. The HB 76 amendment was defeated by a vote of 59-138.

HB 1189 will now be sent to the Senate for consideration, where the property tax reform debate will begin anew. Stay tuned for more information!

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Treasurer's Report - August

Attached below you will find the treasurer's report for the August 5, 2013, School Board meeting. This report is provided to the School Board on a monthly basis and provides a financial snapshot of the district's financial position. The district's various accounts and balances are listed in detail. This report also includes the list of payments made during the month of June.

Download file "20130731.pdf"

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Enrollment Study

Upper Merion Area School District recently contracted for completion of a district-wide enrollment study. The results of the study and the report will be presented at the May 20th Finance Committee Meeting starting at 7 PM in the high school LGI. The public is invited to attend. Below is a copy of the enrollment study report.

Download file "Enrollment study report.pdf"

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May 20th Finance Committee Meeting

Attached below is the agenda for the May 20th Finance Committee meeting. The meeting is open to the public and starts at 7:00 PM in the high school LGI room.

Download file "Finance Agenda 5-20-13.pdf"

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2013-14 Proposed Final Budget

Attached below is the PDE-2028 form for the 2013-14 proposed final budget. The proposed final budget was approved by the School Board on April 15, 2013. This is the document that must be made available for public inspection. The final budget is scheduled for approval on June 3, 2013. The proposed final budget may still be changed prior to final budget adoption.

Download file "PDE-2028 - Proposed Final Budget 2013-14.pdf"

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Budget Workshop April 8, 2013

Below is the presentation material from the April 8th budget workshop.

Download file "2013-2014 Budget presentation 20130408 - Budget workshop.pdf"

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Budget Workshop March 11, 2013

The agenda for the March 11th budget workshop appears below. The workshop starts at 7 PM in the high school LGI and is open to the public with no admission charge.

Also included below is the presentation document from the meeting.

Download file "Budget workshop agenda 3-11-13.pdf"

Download file "2013-2014 Budget presentation 20130311 - Budget workshop.pdf"

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Act 1 Retirement Exception

A check of the PDE website indicates the Act 1 exception for retirement has been approved in the amount of $819,719. See screen shot of PDE website below. However, the official notification from PDE in the form of a letter has not yet been received.

3/21/2013 update: We have received the official notification letter from PDE that the retirement exception was approved. See second file below.

Download file "Screen Shot 2013-03-09 at 10.37.48 AM.png"

Download file "Retirement exception approval letter from PDE.PDF"

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Finance Committee Meeting Highlights

Attached below are the presentation documents from the Finance Committee meeting from February 25, 2013.

Presentation slides:

Download file "2013-2014 Budget presentation 20130225 - Finance committee meeting.pdf"

Scenario 1 budget projections - 1.49% tax increase in 2013-14

Download file "Scenario 1 - Projections 20130221.pdf"

Scenario 2 budget projections - 2.86% tax increase in 2013-14

Download file "Scenario 2 - Projections 20130221.pdf"

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Pension Reform

Courtesy of the Pennsylvania Association of School Business Officials:

Governor Corbett’s pension reform plan is a responsible approach to ensure the long term strength of the system, and guarantees no changes to benefits for retirees and no changes to benefits accrued by current employees through the effective date of the plan.

Moving new employees to a defined contribution plan

• State Employees’ Retirement System, or SERS, employees hired after Jan. 1, 2015 and Public School Employees’ Retirement System, or PSERS, employees hired after July 1, 2015 will be enrolled in a 401(a) defined contribution plan, similar to a 401(k) plan.


• To ensure that the commonwealth’s new employees have an adequate retirement, enrollment in the 401(a) plan will be automatic, and most state employees will be required to contribute at least 6.25 percent of their salary to their plan, while public school employees will need to contribute at least 7.5 percent.

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Fast State Budget Facts

Here are the major items:

Basic Education Funding--Up 1.7% ($90 million)

Accountability Block Grant--Flat Funded

Pre-K Counts and Head Start Supplemental Assistance--up $6.4 million 5%+ increase in each line item

Transportation--Up 2.5% ($13.6 million)

Special Education--Flat Funded (again)

Food Service--Up 2.4% ($762 million)

Social Security--Flat Funded

Retirement--Up 26.2% ($224 million; more to come on pensions)

Total PDE--Up 3.4% ($338 million/$224 for pension increase)


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Governor Corbett's 2013-14 Budget

I have obtained an advance copy of Governor Corbett's budget presentation. See below. Sorting through the 1,000+ pages.

View our live updates via Twitter @UpperMerionSD.


Download file "Corbett budget.pdf"

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Treasurer's Report - January

Attached below you will find the treasurer's report for the January 7, 2013, School Board meeting. This report is provided to the School Board on a monthly basis and provides a financial snapshot of the district's financial position. The district's various accounts and balances are listed in detail. This report also includes the list of payments made during the month of November.

Download file "20130102.pdf"

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State Budget Address

Governor Corbett will unveil his 2013-14 state budget on Tuesday, February 5, before a joint session of the PA House and Senate. The budget address is usually delivered around 11 AM.

Tune in to any of the following websites to watch the budget address:

PCN - http://pcntv.com/

PA House of Representatives, Democratic Caucus - http://www.pahouse.com/

PA House of Representatives, Republican Caucus - http://pahousegop.com/

The Governor's budget address is very critical for Upper Merion Area School District. This will be our first look at what we might expect to receive in State funding for the 2013-2014 year. Upper Merion receives about 12% of its revenues from State funding. For the 2012-2013 fiscal year, $9.1 million is budgeted for State funding. The preliminary budget for 2013-2014 has $10.2 million budgeted for State funding.

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2013-2014 Preliminary Budget

The 2013-2014 preliminary budget is scheduled for School Board approval on Monday, February 4, 2013, at the School Board meeting. The district is required to complete a Pennsylvania Department of Education form called the "PDE-2028" as part of the budget approval process. This document must be made available for public inspection at least 20 days prior to the passage of the preliminary budget.

The PDE-2028 document is posted on the district's website and can be downloaded below as well. It is important to note that changes to the budget may be made between now and the February 4th meeting. As new information is learned or assumptions are fine-tuned, the budget is updated accordingly.

As always, please feel free to e-mail me at sskrocki@umasd.org if you have any questions about this document.

Download file "PDE-2028 - Preliminary General Fund Budget 2013-14.pdf"

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Budget Workshops

Community budget workshop meetings will be held for district residents. There will be a review of the district’s budget and the factors that contribute to the budget development. This is an excellent opportunity to ask questions, make suggestions and help the district establish the priorities of the Upper Merion Area School District community.

All workshops will be held at the high school LGI and are open to the public. The workshops will also be televised. Please attend these important meetings on the following dates:

Monday, March 11th 7 PM Budget Workshop

Monday, April 8th 7PM Budget Workshop

Monday, April 15th 7PM ADOPTION OF THE PROPOSED FINAL BUDGET

Monday, June 3rd 7 PM ADOPTION OF FINAL BUDGET

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Contact Information

Please feel free to contact me if you have any questions about the finances of the Upper Merion Area School District. I am also willing to present to any community group or organization.

Steve Skrocki
Business Administrator
Office: 610-205-6417
Cell: 610-213-9820
Email: sskrocki@umasd.org

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