BOYERTOWN – As the Boyertown area school district prepares for the next budget season, there is good news for the new school board.
According to a recent presentation by the Director of Finance Patricia Denicola, the first figures indicate that the previous school year ended with a surplus of $ 1.3 million.
At the November 23 school board meeting, Denicola said spending for the 2020-2021 school year, which ended June 30, was $ 152,465 below the budgeted amount of 124,856. $ 841.
Best of all, revenues were considerably higher, reaching $ 125,996,186, about $ 2.3 million more than budgeted. The main reason for the increase in income was “higher than expected property tax collections,” she said.
Ultimately, the district begins its budget with an additional $ 1,291,810 added to the budget fund balance.
“I think the year has ended pretty well, I’m encouraged by the income generation,” Denicola told the board.
She also told the school board that the state-imposed tax cap, known as the Act 1 Index, was set at 4.2% for Boyertown. This means, she said, that the 2022-2023 budget can increase property taxes by 4.2% without having to ask voters for permission.
The next decision point for the council, she explained, comes on January 27. If the council passes a resolution committing not to exceed its index in the next budget, the administration can continue to establish the budget with more precise and more recent estimates. for expenses like fuel and health insurance premiums.
Otherwise, a preliminary budget must be adopted by February 16, she said.
From that point on, the Administrative and Board Committees will hold numerous budget meetings in order to have a final budget proposal by May 31 and a final budget adopted by the deadline of May 30. June of the state.