School District of Philadelphia

[Pages:24]School District of Philadelphia

Budget 101: Understanding the District's Budget

April 17, 2018

OPERATING REVENUES

Revenue Summary

The District does not have the authority to generate revenues for itself. Funding is provided by the state, city, and federal governments and other sources.

FY19 Projected Operating Budget

State

50.6% of revenues $1.62 billion

Local

48.9% of revenues $1.57 billion

Federal & Other Sources

.5% of revenues $16.9 million

3

Local Revenue Detail

Approximately 56% of local revenues are generated from real estate tax. The remaining 44% of revenues come from other taxes and fees and the City grant.

Of the City's total proposed tax millage of 14.572 mills starting in FY19, 8.255 is dedicated to the School District.

Operating Local Revenues

(in millions)

Sales Tax, $120

Business Use & Occupancy Tax,

$182

Real Estate Tax, $877

City Grant, $173

Cigarette Tax,

Other, $157

$58

4

State Revenue Detail

Approximately 65% of state revenues are provided through the basic education subsidy. The remaining 35% of revenues come from other subsidies and retirement reimbursement.

Operating State Revenues

(in millions)

Special Ed. Subsidy, $151

Basic Ed. Subsidy, $1,047

Transportation, $156

Retirement Reimbursements,

$194

Other, $75

5

OPERATING EXPENDITURES

Expenditure Summary

The District spends the majority of its $3.15 billion budget on District

and charter operated schools.

The District's FY19 projected budget includes operating

Non District Operated

Schools, $103

Admin, $103

expenditures of $3.15 billion.

Debt,

The District spends:

$297

? $2,753M or 87.3% of the District's budget is spent in schools

? $297M or 9.4% of its budget on debt service

? $103M or 3.3% of its budget on administration

Charter Schools, $978

District Operated Schools,

$1,672

(in millions)

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District-Operated School Expenditures

The $1.7 billion spent on District Operated Schools (DOS) is allocated as follows:

District Operated Schools

95%

(in millions) 8

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