Budget
In 2011, the District reported employing 174 teachers, with the average teacher salary in Philipsburg-Osceola Area School District was $59,132 a year, while the cost of the benefits teachers receive was $17,344 per employee, for a total annual average teacher compensation of $76,476. The highest salary was $152,060 paid to the superintendent.
In 2009, the school administration reported employing over 160 teachers with a salary range of $38,000 to $89,000. The average teacher's salary is $44,635. Additionally, the teachers receive a defined benefit pension, health insurance, life insurance, daily class preparation time is provided, reimbursement for travel expenses, professional development reimbursement, personal days - 4, sick days - 10 days, bereavement days 3 and other benefits. Additionally, teachers are given prime consideration for all non teaching positions including: ticket takers, score keeps etc.
In 2007, the district employed 145 teachers. The average teacher salary in the district was $48,409 for 180 days worked. As of 2007, Pennsylvania ranked in the top 10 states in average teacher salaries. When adjusted for cost of living Pennsylvania ranked fourth in the nation for teacher compensation.
The district administrative costs per pupil in 2008 were $736.61 per pupil. This ranked 270th out of 500 school districts in Pennsylvania. The lowest administrative cost per pupil in Pennsylvania was $398 per pupil.
The Philipsburg Osceola Area School District reports spending $11,739 per pupil which ranked 305th among Pennsylvania school districts. In 2010, the school district reported spending $16,944.25 per pupil.
In January 2009, the Pennsylvania Auditor General conducted a performance audit of the district. The findings were reported to the school board and school administration. In 2011, the District was audited again. Several findings were reported to the school board, including that POASD had not taken appropriate corrective action in implementing recommendations from the 2009 audit.
Reserves In 2008, the district reported a $1,978,077 in an unreserved-undesignated fund balance. The unreserved - designated fund balance was repoted as zero. In 2010, the unreserved-undesignated fund balance was $3,351,630 and the unreserved - designated fund balance was repoted as zero.
The Philipsburg-Osceola Area School District is funded by a combination of: a local earned income tax, a per capita tax, a property tax, a real estate transfer tax 0.5%, coupled with substantial funding from the Commonwealth of Pennsylvania and the federal government. Grants can provide an opportunity to supplement school funding without raising local taxes. In the Commonwealth of Pennsylvania, pension income and Social Security income are exempted from state personal income tax and local earned income tax, regardless of the level wealth.
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