NFV Superintendent's Report 2017-18

Financial data for North Fayette and Valley

Whats in this report

This Superintendent's Report will be a new effort for the North Fayette Valley School District. The previous Annual Progress Report was born of the No Child Left Behind era, and was designed to satisfy the federal mandates. In this new report we will see much of the same academic data, but expressed in more meaningful terms. We will also add key financial data for the school year ending June 30, 2018.

Financial Data

Tax Rates and Revenues 2017-18

Because we were still two school district in 17-18 this data will be the combined revenue generated by the two distinct tax rates. The first six graphs are the actual revenues for each district 2017-18 by source. The second box is the 2018-19 total revenues. Next is assessed taxable value of the districts per pupil and total tax rates for the Keystone AEA school districts. Taxable value per pupil is a very important figure. It is this value that reflects the property wealth compared to other districts, more assessed value per pupil leads to lower tax rates to meet school needs.

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Expenditures and Unspent Balance Report

You have a picture of where the money comes from, so where does it all go? There are several funds to which we assign expenditures. General fund is the operating fund with all salaries, benefits, and other supplies necessary to provide instruction. Capital Projects and PPEL are for the 1% sales tax plus Physical plant and Equipment costs, which can only be spent on buildings and grounds or equipment over $500. Management is used for liability and property insurances plus early retirements benefits. The Activity funds are for student extra-curricular events, athletics, fine arts and miscellaneous expenses for things like the 6th grade campout or other student activities. Nutrition, or Hot lunch is a separate enterprise fund not included in these reports. Click on graphs to enlarge

Key Fiscal Measures

In this section we'll look at financial trends of three key measures: Enrollment, Unspent Balances, and Solvency. Enrollment is the first step in budgeting, NFV has a District Cost Per Pupil (DCPP) of $6,753. The Certified Enrollment multiplied by the DCPP is our basis of the rest of our budget. Unspent Balances of the General Fund are a measure of the Spending Authority of the School District. An unspent balance should be between 5% and 15% of the annual expenditures. Downward trends in Unspent Balance are indicators of fiscal trouble for the district. Solvency represents our cash position relative to annual expenses, again, downward trends are red flags.
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