Budget
In 2009, the district reported employing over 50 teachers with a starting salary of $40,000 to $87,000 for 183 day work year. The average teacher salary is $55,585. Additionally, the teachers receive a defined benefit pension, health insurance, vision insurance, dental insurance, college course reimbursement, 3 personal days, sick days, payment for unused sick days, a retirement bonus which includes all unused sick and personal days accumulated while working for the district and other benefits. Teachers are paid for extra instructional services.
In 2007, the Forest Area School District employed 53 teachers and the average teacher salary in the district was $51,068 for 183 days worked.
The district administrative costs per pupil, in 2008, were $1,450.53 per pupil. Forest Area School District is ranked 9th among Pennsylvania's 500 districts for administrative spending. The lowest administrative cost per pupil in Pennsylvania was $398 per pupil.
The district administration reported that per pupil spending in 2008 was $17,657 which ranked 493rd in the state's 501 school districts.
In 2008, the administration reported a unreserved-undesignated fund balance of $2,951,202. The district had no unreserved designated fund.
In August 2010, the Pennsylvania Auditor General conducted a performance audit of the district. The findings were reported to the administration and the school board.
The district is funded by a combination of: a local income tax, a property tax, a real estate transfer tax 0.5%, coupled with substantial funding from the Commonwealth of Pennsylvania and the federal government. In the Commonwealth of Pennsylvania, pension income and Social Security income are exempted from state personal income tax and local earned income tax, regardless the of personal wealth.
Read more about this topic: Forest Area School District
Famous quotes containing the word budget:
“You can fool all the people all the time if the advertising is right and the budget is big enough.”
—Joseph E. Levine (b. 1905)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)
“We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.”
—Ronald Reagan (b. 1911)