1

West Allegheny School District Proposed Final Budget

2013-14

Presented by: Dr. John S. DiSanti, Superintendent

Mr. George Safin, Business Manager May 15, 2013

2

West Allegheny School District

The 2013-14 budget represents an increase of 5.04% from the 2012-13 adopted budget. It is estimated that the cost of maintaining existing program, services, and equipment upgrades will account for 88.39% ($2,350,168) of the 5.04% increase. 6.63% of the 5.04% increase is attributed to enrollment and security increases, which includes additional staffing needs. Finally, 4.99% ($132,958) of the 5.04% is due to rising debt service.

School Funding in Pennsylvania PA Spends $11.34 Billion on K-12 Education in 2012-13 Public education is 34% of state budget PA Ranks 47-50 out of 50 in State Support PA Contributes 36% (WA – 24%) Local Taxpayers 63% (WA – 75%) Federal 1% (WA – 1%) Cost of Instruction On Avg.- $9,000/student ($6,000 - $16,000) $13,700/student with capital outlay, debt service, transportation 7 hours a day – 180 days per year $7.14 per hour $10.85 per hour $49.81 per day instruction and related costs

3

Impact of State Funding Reductions $1.5 Billion lost since 2008 $860 million of cuts in 2011-12 (WA = $602,325) Additional $100 million of cuts in 2011-12 – ABG (WA = $100,000) 2012-13 – 27.14 Billion Budget - $20 million less than 2011-12

4

What Comprises Costs? Mandates Special Education Transportation Food Service Regulations Charter School Reimbursement Employee Pensions Testing/Curriculum Requirements ESL Prevailing wages for construction Curriculum Technology Textbooks Supplies Charter Schools

5

What Comprises Costs?

Employee Costs – 62% - 65% Salaries and Benefits

Pension costs escalation Employer PSERS Employee State/Investment Earnings 2012 – 13 -- 12.36% 2013 – 14 -- 16.93% Projected 2014 – 15 -- 21.31% Projected 2015 – 16 -- 25.80% Projected 2019 – 20 -- 30.87% 6

7

Adopted 2012-13 Proposed Budget 2013-14 REVENUE at 22.0 mills at 18.41 mills Local Sources $ 38,981,123 $ 39,175,116 State Sources $ 12,572,407 $ 13,466,925 Federal Sources $ 650,044 $ 612,299 Other Sources $ 4,500 $ 4,500 TOTAL REVENUE $ 52,208,574 $ 53,258,840 EXPENDITURES Instruction – (Regular Programs, Special $ 26,409,746 $ 28,009,843 Programs, Vocational Education Programs) Instructional Support Services – (Pupil Personnel $ 17,436,417 $ 18,139,294 Services, Instructional Staff Development, Administration, Health Services, Financial Services, Operation of Plant, Transportation, Other Support Services) Non-Instructional Services – (Student Activities, $ 8,902,841 $ 9,258,790 Community Services, Site Improvement, Debt Service) TOTAL EXPENDITURES $ 52,749,004 $ 55,407,927 ENDING FUND BALANCE (as adopted) $ 3,523,808 (6.7%) $ 2,584,833 (4.7%) (projected) $ 4,126,086 (7.8%) ASSIGNED FUND BALANCE (as adopted) $ 4,376,548 $ 5,661,613 (projected) $ 6,269,447

West Allegheny School District Budget Summary

8

Budget Projections through 2016-17 (0 millage increase)

Millage Rate 22.00 18.41 18.41 18.41 18.41Millage increase yr to yr 0.00 0.00 0.00 0.00 0.00

18.41

Fiscal Year 2012-13 2013-14 2014-15 2015-16 2016-17

Estimated Beginning Fund Balance 9,894,403$ 10,395,274$ 8,246,186$ 4,566,959$ 159,391$

Revenues 52,076,943$ 53,258,840$ 54,905,698$ 56,649,917$ 57,997,905$

ExpendituresSalaries 23,671,928$ 24,687,746$ 25,489,742$ 26,155,327$ 26,856,567$

Social Security 1,831,214$ 1,908,408$ 1,971,134$ 2,023,216$ 2,078,089$ PSERS 2,928,101$ 4,179,038$ 5,431,864$ 6,748,074$ 7,600,408$

Health Insurance 4,548,053$ 4,811,382$ 4,902,677$ 5,073,323$ 5,235,769$ Other Employee Benefits 456,002$ 402,158$ 414,223$ 426,649$ 439,449$

Transportation 3,789,842$ 3,903,956$ 4,011,315$ 4,011,315$ 4,121,626$ Debt Service 5,988,146$ 6,937,534$ 7,528,933$ 7,519,493$ 7,907,254$

All Other Areas 8,362,788$ 8,577,705$ 8,835,036$ 9,100,087$ 9,373,090$

Expenditures 51,576,073$ 55,407,927$ 58,584,925$ 61,057,485$ 63,612,253$

Difference 500,871$ (2,149,087)$ (3,679,227)$ (4,407,568)$ (5,614,347)$

Estimated Ending Fund Balance 10,395,274$ 8,246,186$ 4,566,959$ 159,391$ (5,454,956)$ Mills above (below) balance (2.84)

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West Allegheny School District General Budget Expenditure Trend

School Year Budget Increase % Increase

2003-04 $38,914,848 $3,939,867 11.3%

2004-05 $39,743,564 $ 828,716 2.1%

2005-06 $41,791,669 $2,048,105 5.2%

2006-07 $43,945,355 $2,153,686 5.2%

2007-08 $45,383,047 $1,437,692 3.3%

2008-09 $46,402,084 $1,019,037 2.25%

2009-10 $48,291,164 $1,889,081 4.1%

2010-11 $50,595,029 $2,303,865 4.8%

2011-12 $50,572,841 ($ 22,188) (0.001%) 2012-13 (Projected) $51,576,023 $1,003,182 2.0%

2013-14 (Proposed) $55,407,927 $3,831,854 7.4%

10

Areas of Increased Expenditures from 2012-13 to 2013-14

Increase amount

Existing Staff: Salaries $ 807,497 FICA (Payroll Tax) $ 61,257 PSERS (Retirement) $ 1,215,668 Health Insurance $ 238,784

New Staff (Salaries and Benefits) $ 285,946

Debt Service New Issuance $ 436,833

Existing Issues $ 512,555

Contract Transportation & Fuel $ 114,115 Utilities $ 99,159 School Resource Officers $ 107,000 All other areas $ (46,960)

Total Increases $ 3,831,854

11

Millage Rate 18.6 18.6 21.5 21.5 22.0 22.0 22.0 22.0 22.0 18.41

0

2000000

4000000

6000000

8000000

10000000

12000000

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

Fund BalanceConstruction $ Transfer

West Allegheny School District

Fund Balance/Construction Transfer

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$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13

Fund Balance

Construction $ Transfer

West Allegheny School District

Fund Balance/Construction Transfer

Millage Rate 17.1 18.6 18.6 21.5 21.5 22.0 22.0 22.0 22.0 22.0

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$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

$40,000,000

$45,000,000

$50,000,000

$55,000,000

$60,000,000

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

$39,743,564$41,791,669$43,945,355

$45,383,047$46,402,084 $48,291,164

$50,709,487 $50,572,841$51,576,073

$55,407,927

GENERAL BUDGET EXPENDITURES

14

Public School Enrollment

3263 32703270

32733221 3228

3272

3260

3254

3248

2500

2600

2700

2800

2900

3000

3100

3200

3300

3400

3500

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

Numb

er of

Stu

dent

s

School Year

15

$12,572,407

$612,299

$38,981,123

STATE

FEDERAL AND OTHER

LOCAL

WEST ALLEGHENY SCHOOL DISTRICT

REVENUE BREAKOUT

75%

24%

1%

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West Allegheny School District Assessed (Taxable) Values

8 Year Change = +$256,765,491 - - 19.0% overall or 2.4% per year

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DATE FINDLAY TWP NORTH FAYETTE OAKDALE January, 2005 $ 435,653,032 $ 853,370,157 $ 53,624,720 January, 2006 $ 428,205,995 $ 882,167,888 $ 53,604,910 January, 2007 $ 424,703,796 $ 901,002,439 $ 53,767,700 January, 2008 $ 457,964,221 $ 918,030,503 $ 53,591,560 January, 2009 $ 460,179,201 $ 925,228,578 $ 53,399,620 January, 2010 $ 552,557,241 $ 863,903,758 $ 54,866,450 January, 2011 $ 578,178,901 $ 977,425,858 $ 54,966,560

January, 2012 $ 576,859,701 $ 975,150,219 $ 55,189,040

April, 2013 $ 744,778,175 $1,233,344,870 $ 70,430,850

Note: 2013 is reassessment year Pre-reassessment 7 year change = + $266,551,051

Pre-reassessment 19.85% overall growth Pre-reassessment growth 2.83% per year

West Allegheny School District Assessed (Taxable) Values

18

2013 – 14 Reassessment Impact (18.41 mills) as of 5-2-2013

Assessed Values 2012 2013 DifferenceFindlay 578,773,791$ 742,478,875$ 163,705,084$ North Fayette 981,580,619$ 1,232,370,870$ 250,790,251$ Oakdale 55,208,940$ 70,430,850$ 15,221,910$

Current Assessed Value 1,615,563,350$ 2,045,280,595$ 429,717,245$ New Taxable Properties -$ 39,163,607$ (excluded from millage recalculation)

Appeal Reserve -$ 75,000,000$ (excluded from millage recalculation)

Adjusted Assessed Value 1,615,563,350$ 1,931,116,988$

Percentage Increase in overall assessed values 26.60%

Revenue Neutral PointNo Millage Increase 2012 2013

Tax Levy 35,542,394$ 35,542,394$ Millage Rate 22.00 18.41Property Assessed Value 100,000.00$ 119,532.74$ 19.53%Tax Bill for property 2,200.00$ 2,200.00$

Note:If a property's assessed value increased by higher percentage than revenue neutralpoint, its tax bill will increase. If it increased by lower percentage, it will decrease.

19

2013 – 14 Reassessment Impact (18.41 mills)

Average Residence 2012 2013 Difference % change

Findlay 92,521$ 115,834$ 23,313$ 25.20%

North Fayette 91,998$ 113,851$ 21,853$ 23.75%

Oakdale 69,607$ 86,014$ 16,407$ 23.57%

Average Tax Bill 2012 2013 Difference % changeFindlay 2,035.45$ 2,135.98$ 100.53$ 4.94%

North Fayette 2,023.96$ 2,099.41$ 75.45$ 3.73%

Oakdale 1,531.36$ 1,586.10$ 54.74$ 3.57%

20

Clinton Industrial Park (25% on Buildings/Land Improvements) (20 years/ bond length) (2025,26,27)

FK Development (Knepper Press) District Net (Face) @ 18.41 Mills • Land – Assessed at $703,200 $ 12,946 • Building – Assessed at $4,595,500 $ 21,151

Buncher Building

• Land – Assessed at $555,165 $ 10,221 • Building – Assessed at $5,594,835 $ 25,751

Buncher Phase II • Land – Assessed at $774,600 $ 14,260 • Building – Assessed at – $6,225,400 $ 28,652

Flabeg Building

• Land – Assessed at $519,700 $ 9,568 • Building – Assessed at $ 8,880,300 $ 40,872

TIF PROPERTIES

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Potato Garden - (25% on Buildings/Land Improvements) (20 years/ bond length) (2025,26,27)

EBW Realty Associates District Net (Face) @ 18.41 Mills • Land – Assessed at $771,600 $ 3,551 • Building - Assessed at $9,299,000 $ 42,799

OH Pittsburgh Warehouse Building • Land – Assessed at $480,000 $ 2,209 • Building – Assessed at $4,615,900 $ 21,241

Alro Steel Building

• Land – Assessed at $600,000 $ 2,762 • Building – Assessed at $4,901,000 $ 22,559

Northfield Site (25% on Buildings) (20 years/ bond length) TBD

– PIT International Logistics Center

TIF PROPERTIES (Continued)

22

Dick’s Sporting Goods (50% on Buildings or max abatement of $630,000/year for 10 years )(2020-21)

District Net (Face) @ 18.41 Mills

• Land – Assessed at $7,297,100 $160,536 • Building – Assessed at $85,583,700 $945,296

Burns and Scalo – Flex Commercial/Office Space Building. Approved in July 2011. LERTA to commence when property placed on tax rolls Abatement Schedule – Land 100% taxable Buildings – 30% abatement for six years

LERTA PROPERTIES

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West Allegheny School District General Budget Revenue Trend

School Year Budget Increase % Increase 2003-04 (actual) $38,794,275 $3,614,391 10.3%

2004-05 (actual) $39,915,478 $1,121,203 2.9%

2005-06 (actual) $43,645,217 $3,729,739 9.3%

2006-07 (actual) $44,932,265 $1,287,048 2.9%

2007-08 (actual) $46,245,442 $1,313,177 2.9%

2008-09 (actual) $47,382,115 $1,136,673 2.5%

2009-10 (actual) $48,994,732 $1,612,617 3.4%

2010-11 (actual) $53,303,331 $1,602,088 3.3%

2011-12 (actual) $51,444,433 ($1,858,898) (3.5%)

2012-13 (projected) $52,076,943 $ 632,510 1.2%

2013-14 (proposed) $53,258,840 $ 1,181,897 2.3%

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73% 76% 77% 77% 76% 76% 77% 77% 75% 75%75%

23% 24% 22% 22% 23% 23% 22% 22% 24% 24% 24%

1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1%0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

03-04 04-05 05-06 06-07 '07-08 '08-09 09-10 10-11 11-12 12-13 13-14

% o

f Tot

al R

even

ue

School Year

Series1

Series2

Series3

Revenue Trend Analysis

25

Lost Operational Revenues State Funding Source (year funds were cut) Funds Lost

Accountability Block Grant (10-11) $ 16,875

Basic Education Funding (11-12) $ 309,413

Charter School Reimbursement (11-12) $ 138,608

Accountability Block Grant (11-12) $ 154,304

Total State Funds Lost $ 619,200

2013-14 Cumulative Impact of loss of these funds $ 2,420,561** **Cumulative impact represents estimated amount of funds District could have had in fund balance at end of 2013-14 fiscal year if state would not have made funding cuts and continued to increase basic funding by 2% as done (on average) for the past 7 years.

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Personnel Changes for 2013-2014

1. One ½ time Life Skills Teacher at Wilson Elementary (increases existing half-time position to full time)

2. Two ½ time Life Skills Teacher Aides at Wilson Elementary

(increases the two existing positions to full time)

3. One High School Biology Teacher

4. Two Elementary School Teachers (TBD)

5. One-half time Elementary Music Teacher

6. SRO-DARE-Police Officers

27

New Programs

Bio-Medical Program

Entertainment Technology Program

28

29

30

$34,868 $36,165 $37,405 $38,920 $40,460 $41,915$43,586

$44,324 $45,024 $46,762

$78,000 $79,925 $81,875

$83,850 $85,850$87,875

$89,938 $91,505$92,990

$94,558

$54,540 $53,678$57,340

$54,350

$54,699$58,978

$60,275$63,177

$64,221 $66,994

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

Beginning Teacher (B) Top Scale Teacher (B) Avg. Salary

West Allegheny School District Teacher Salaries

31

West Allegheny School District Employee Annual 2013-14 Benefits Cost

SINGLE FAMILY Average Teacher Salary $66,994 $ 66,994 Medical $ 6,211 $ 17,543 Dental $ 314 $ 1,034 Vision $ 57 $ 140 Life $ 108 $ 108 SUBTOTAL (Benefits) $ 6,690 $ 18,825 Cost Share $ 432 $ 1,224 Social Security $ 2,563 $ 2,563 Retirement $ 5,671 $ 5,671 Workers Compensation $ 603 $ 603 TOTAL COST $ 82,089 $ 93,432

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West Allegheny School District Health Care Cost Analysis

School Year POS/PPO Family Monthly Cost % Increase 2003-04 $ 928 28.4% 2004-05 $1,067 15.0% 2005-06 $1,099 3.0% 2006-07 $1,099 0.0% 2007-08 $1,127 2.5% 2008-09 $1,195 6.0% 2009-10 $1,243 4.0% 2010-11 $1,305 5.0% 2011-12 $1,305 0.0% 2012-13 $1,366 4.75% 2013-14 $1,462 7.0%

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West Allegheny School District Health Care Cost Analysis

0100200300400500600700800900

100011001200130014001500

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

$1,067$1,099 $1,099 $1,127

$1,195 $1,243$1,305 $1,305

$1,366$1,462

Mon

thly

Pre

miu

m

School Year

POS Family

POS Family

34

West Allegheny School District Employee Health Care Contribution

$0$5

$10$15$20$25$30$35$40$45$50$55$60$65$70$75$80$85$90$95

$100

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

$0

$15$20

$30 $30$35 $35 $35 $36 $36

$0

$25

$35

25 $45$50

$71

$82

$100 $102

Mon

thly

Pre

miu

m

School YearInd. Contribution Multi./Family Contribution

35

Retirement Contribution Analysis School Year %Salary Contribution %Increase 2004 – 2005 4.23% ($ Increase) + 12.0% 2005 – 2006 4.69% + 11.0% 2006 – 2007 6.46% + 38.0% 2007 – 2008 7.13% + 11.0% 2008 – 2009 4.76% - 33.2% 2009 – 2010 4.78% + .4% 2010 – 2011 5.64% $ 206,769 + 18.0% 2011 – 2012 8.65% $ 759,258 + 53.4% 2012 – 2013 12.36% $ 915,281 + 42.9% 2013 – 2014 16.93% $1,215,668 + 37.0%

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Special Education Enrollment

609597

584 580

594578 580 575 562

557

400

425

450

475

500

525

550

575

600

625

650

675

700

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

Numb

er of

Stu

dent

s

School Year

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West Allegheny School District Special Education Costs

School Year Reimbursement Expenses Difference 2004-05 $1,413,003 $3,915,229 $2,502,226 2005-06 $1,447,586 $4,319,543 $2,871,957 2006-07 $1,480,295 $3,921,693 $2,441,398 2007-08 $1,514,504 $3,764,037 $2,249,533 2008-09 $1,538,624 $3,962,025 $2,423,451 2009-10 $1,557,821 $4,249,737 $2,691,916 2010-11 $1,538,619 $4,602,530 $3,054,322 2011-12 $1,548,208 $4,976,934 $3,428,726

2012-13 (budgeted) $1,548,208 $5,097,938 $3,549,730 2013-14 (budgeted) $1,540,467 $5,436,014 $3,895,547

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West Allegheny School District Special Education Costs

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

Special Ed. Budget

Special Ed. Subsidy

32.2% 31%% reflects percentage of special education expenditures subsidized by state funding

37.8% 36.1% 33.5% 37.7% 40.2% 38.8% 35.0%

39

34

3435 35 35 35

35 35 3536

35

35 36 36

41

46 46

4541

42

05

1015202530354045505560

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14

Staf

f Num

bers

School Year

Special Ed. Teachers Aides

West Allegheny School District Special Education Staffing

40

Private School Enrollment (Non Public, Alt. Ed., APS, Center Based)

214220

170 180

184

166

159165

159

100110120130140150160170180190200210220230240250

04-05 05-06 06-07 07-08 08-09 09-10 11-12 12-13 13-14

Numb

er of

Stud

ents

School Year

The Charter School Dilemma

$1 Billion spend 73,000 students $108 Million surplus in 2008-09 Flawed funding formula (tuition rate) WA - $10,344 $19,070 Underperforming only 2 of 12 “cyber” met AYP

44% of Charters failed to meet AYP

“Students in PA Charter Schools on average make smaller gains” (Center for Educational Opportunities (CREDO) Stanford University 2011) Lack of Accountability – Fiscal/Performance Source: PA Auditor General

October 2010 41

42

Cyber/Charter School Costs School Year Cyber/Charter Cost Cyber/Charter

Reimbursement Net Cost Mill Equivalent

2006 – 2007 $242,829 $57,424 $185,405 .1442

2007-2008 $296,417 $76,847 $219,570 .1693

2008-2009 $459,173 $79,782 $379,391 .2797

2009-2010 $641,123 $135,903 $362,294 .2629

2010-2011 $559,018 $138,608 $420,410 .2786

2011-2012 $564,615 $0 $564,615 .3737

2012-2013 (est.) $543,378 $0 $543,378 .3596

2013-2014 (budgeted) $552,000 $0 $552,000 .3056

Annual per student charter school cost Regular Education Special Education Number of Students

2006 – 2007 $ 8,519.30 $ 16,258.42 24

2007 - 2008 $ 8,759.58 $16,230.30 27

2008 – 2009 $8,934.74 $17,022.62 50

2009 – 2010 $9,548.78 $18,124.17 50

2010 – 2011 $9,843 $18,124.17 58

2011 – 2012 $9,730.32 $18,347.95 57

2012 -- 2013 $10,344 $19,070 50

43

Cyber/Charter School Costs

$217,217

$242,829

$296,417

$459,173

$641,123

$559,018$564,615

$543,378

$552,000

$25,419

$57,424 $76,847 $79,782

$135,903 $138,608

$0 $0 $0 $-

$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14

Cyber CostReimbursement

44

$0 $250,000 $500,000 $750,000

$1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000

Transportation Costs Fuel Costs (Transportation)

West Allegheny School District Transportation Costs/Fuel Costs

45

Non-Public School Transportation Destinations

• Our Lady of Sacred Heart (13) • Rhema Christian School (20) • St. Phillips School (4) • Total Learning Centers (1) • Western PA School for Blind (1) • Bishop Canevin Catholic HS (7) • Holy Trinity (59) • Tri-State Christian Academy (2) • Pathfinder (3) • Holy Child (2) • Mercy Partial(1) • Montessori Children’s Comm. (1) • DART Classroom McCormick (3) • Family Links (2) • The School At McGuire (1) • Leap Preschool (3)

• Pumpkin Patch (2) • St. James School (3) • Sewickley Academy (7) • Robinson Township Christian (7) • St. Malachy School (3) • Holy Family Institute (1) • Propel (3) • The Watson Institute (2) • Wesley Academy (3) • Pioneer School (2) • McGuire Employment Option (1) • St. Anthony (2)

46

West Allegheny School District Debt Service

School Year Debt Service % of Total Budget 2003-04 $5,219,131 13.6 2004-05 $5,697,788 14.3 2005-06 $6,689,624 16.0 2006-07 $6,979,006 15.9 2007-08 $7,200,439 15.9 2008-09 $7,275,621 15.7 2009-10 $7,733,994 15.6 2010-11 $7,582,615 14.6 2011-12 $7,094,252 13.6 2012-13 $5,988,146 11.6 2013-14 $6,937,534 12.5

47

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14TOTAL BUDGET (EXPENSES)

West Allegheny School District % of Debt Service to Expenses

48

Upcoming Refunding Opportunities

Series Call Date Estimated Savings 2009 (portion) 9/1/14 $350,000** **These savings represent the best estimate based on refinancing a portion of this issue as bank qualified. The closing date for this refinanced issuance would be November 1, 2013.

Note: Information provided by Lou Verdelli of RBC, WASD Financial Advisor.

49

West Allegheny School District Un and Under Funded Mandates

Projected 2013-2014

Program Cost Funding Shortfall

Special Education $5,436,014 $1,540,467 $3,895,547

PSSA Testing $ 75,000 $0 $ 75,000

ESL $116,144 $0 $ 116,144

Cyber School $552,000 $0 $552,000

Non-Public Bussing $1,136,589 $ 61,215 $1,075,374

TOTAL $5,714,065

*Lost Operational Revenues - $2,420,561

50

West Allegheny School District

The 2013-14 budget includes $5,714,065 attributable to unfunded or under funded mandates. This equates to 10.3% of the total budget.

51

Allegheny County Millage Comparison 2012

School District 2012

Millage School District 2012

Millage School District 2012

Millage School District 2012

Millage

Wilkinsburg 36.67 South Park 25.99 Carlynton 23.15 Quaker Valley 21.25

South Fayette 28.82 Upper St. Clair 25.72 West Mifflin 22.99 Duquesne City 21.10

Northgate 28.60 Shaler Area 25.63 Pine-Richland 22.82 West Jefferson Hills 21.08

Brentwood 28.27 Bethel Park 25.49 Plum Borough 22.20 Avonworth 20.94

East Allegheny 27.54 Riverview 25.36 Keystone Oaks 22.03 North Allegheny 20.92

Mount Lebanon 27.13 Elizabeth Forward 25.01 West Allegheny 22.00 Chartiers Valley 19.88

Clairton City 26.80 Sto-Rox 25.00 Gateway 21.85 Montour 18.90

Deer Lakes 26.69 Penn Hills 24.81 Fox Chapel 21.56 South Allegheny 18.49

Cornell 26.55 Steel Valley 24.16 Hampton 21.35 McKeesport 17.49

Highlands 26.41 Allegheny Valley 23.46 Moon Area 21.30

Woodland Hills 26.21 Baldwin-Whitehall 23.40 North Hills 21.26 County Average 23.96