Budget

May 25, 2021 Budget Update: At the May 24, 2021 meeting, the School Board unanimously approved the final budget for the 2021-2022 fiscal year in the amount of $108,211,756 setting the millage rate at 25.59, a .80 increase, utilizing $1,500,000 of the Fund Balance revenues.  With this budget approval, there were no changes made to the academic programs, fine arts or athletics. 
 
 

 
 
May 10, 2021 Budget Update: Business Director Rob Geletko presented the final budget update to the School Board at the May 10 School Board meeting. The Proposed Final Budget for the 2021-2022 school year is $108,170,171 and includes a .80 mill increase and use of $1.5 million from the Fund Balance. The millage rate is 25.59 mills. This increase translates into a $20 a month tax increase on a home assessed at $300,000. 
Watch the video posted above of the presentation.  
 
The key points about this budget include the following:
  • .80 millage increase 
  • Act 1 Index (.86 index + .06 exceptions  = .92)
  • $1.5M use of Fund Balance
  • Maintains 6% Fund Balance per policy 
  • Maintains current programming and staffing levels 
  • Maintains focus on student learning and experiences: student-centered budgeting
  • Aligns to Strategic Plan Goals
  • Initiates financial recovery from the impact of the pandemic
The Board will vote on the Final 2021-2022 Budget at the May 24, 2021 School Board meeting.
 

April 27, 2021 Budget Update: For more information about the 2021-2022 Proposed Final Budget, visit Facts About the Budget where we breakdown the different components that drive the budget.  
 

 
 
April 20, 2021 Budget Update: The School Board voted to approve the 2021-2022 Proposed Final Budget at the April 19 School Board meeting.  The Proposed Final Budget for the 2021-2022 school year is $108,170,171 and includes a .80 mill increase and use of $1.5 million from the Fund Balance. The millage rate is 25.59 mills. This increase translates into a $20 a month tax increase on a home assessed at $300,000. The Board will vote on the Final 2021-2022 Budget at the May 24, 2021 School Board meeting.
 
 

April 13, 2021 Budget Update: Business Director Robert Geletko presented the Draft Proposed Final Budget at the April 12, 2021 School Board meeting.  The proposed 2021-2022 Budget is $108,191,805 and includes a .80 mill increase and use of $1.5 million from the Fund Balance. The millage increase translates into a $20 a month tax increase on a home assessed at $300,000. There were some significant changes from the last draft of the budget as revenue numbers from the state and federal government have firmed up.

The budget process will continue as we look for further refinements. The Board will vote on the Final 2021-2022 Budget at the May 24 School Board meeting.

Watch the April 12, 2021 Budget presentation video above.

April 12, 2021 Proposed Final Budget Draft PDF

 
 

March 15, 2021 Budget Update: At the March 15, 2021 School Board meeting, Rob Geletko gave a presentation that highlighted the challenges of this year's budgeting process. Two major factors impacting this year's budget preparation is that we did not raise taxes last year and the impact of COVID -19 on our budget. Watch the presentation about and use the PDF of the presentation as reference below.
 
 
 

March 10 , 2021 Budget Forum Presentation: On March 10, 2021, Business Director Rob Geletko presented an in-depth look at the nuances of the 2021-2022 budget to better help our community understand the District's budget process and projections. The presentation also discusses how the pandemic has  significantly affected the budget. A video is available above to watch and a PDF of the presentation is available below.

Mt. Lebanon SD 2021-2022 Budget Forum Presentation PDF


 

 

March 8, 2021 Budget Update: At the March 8, 2021 School Board Discussion meeting, Business Director Robert Geletko gave an overview of the base budget projections for 2021-2022 Budget. Watch the video clip above.  

Base Budget Presentation March 8, 2021 PDF


 

January 20, 2021 Update: The School Board approved the Budget Opt-Out Resolution at the January 19 School Board meeting. 

January 11, 2021 Update: At the January 11, 2021 School Board meeting, Business Director Rob Geletko presented an overview of the preliminary budget budget for the  2021-2022 school  year. Also discussed was the the Budget Opt-Out resolution that the District will not seek referendum exceptions beyond the Act 1 Index, which the Board will vote on at the January 19, School Board meeting. The resolution states:

Accelerated Budget Opt-Out Resolution – The District must approve a Budget Resolution to meet the statutory requirements of the Act 1 Timeline in January at least 110 days prior to the Primary Election. The Act 1 Index for the 2021-2022 School Year is 3.5%, equating to .8676 mills. This Opt-Out Resolution certifies that the revenue sources, including our fund balance, will be sufficient to balance the final budget in May by an amount less than or equal to the Act 1 Index. Preliminary projections confirm the Boards ability to balance the budget within these current parameters adequately. The Superintendent recommends approval of this resolution.

January 11, 2021 Budget Presentation PDF

November 16, 2021 Audit Report Presentation - Business Director Rob Geletko presented the findings of the 2019-2020 Audit Report at the November 16 School Board meeting. The video presentation is posted below.

Budget Information

 
Budget 2021-2022 Timeline
  • March 8, 2021 - Board Discussion and Review Budget
  • March 10, 2021 - Budget Forum 7:00 pm
  • March 15, 2021 - Continued Board Discussion and Review
  • April 12, 2021 - Continued Board Discussion and Review
  • April 19, 2021 - Adoption of Proposed Final Budget
  • May 24, 2021 - Adoption of Final Budget