When adjusting for accounting entries, budgeted expenses for the year rose 4.04% while revenues rose by only .45%. The shortfall was made up by using $1,018,220 from the district's fund balance and $928,925 from a 3.9% Real Estate Tax Rate increase to 14.67 mills. You can determine how this new tax rate affects you by using our tax calculator.
The information on this site represents the final budget for the 2002-2003 school year and was voted on and approved by the School Board on June 13th, 2002 and amended on July 8th, 2002. The navigation bar to the left can be used to view many reports and graphs produced from the budget. Just click on the links and view the reports.
Penn Manor - Planning For The Future of Education
The 2002-03 budget was assembled in an effort to strike a balance between the funding for the educational needs of our students and the ability of the community to supply the necessary financial support. This budget fairly represents the anticipated revenue from various sources as well as the funding needed to continue the academic programs proposed by the District's administration and supported by our School Board.
In general, the revenues are classified by the source of the funding. Local Revenues represent money brought into the district through activities such as Real Estate and Interim Taxes, Wage Taxes, Interest Earnings and Rentals. State Revenues include state-funded subsidies for Basic Education, Special Education, Transportation and Health Services as well as partial reimbursement for certain benefits and building costs borne by the district. Revenue from the Federal Government includes funding for various programs that benefit early childhood education, and education directed at reading, math and science.
The expenditure side of our budget has been broken down into various segments or categories to aid in assigning responsibility and accountability. Generally, these categories fall into the following general areas: Building Level Categories, Administrative Functional Categories, Grants and Programs, Debt Service, and Personnel Costs.