2022-2023 Budget

  • The 2022-2023 Fox Chapel Area School District proposed final budget calls for total budgetary expenditures of $111,031,866 and total revenues of $109,286,367. In addition to a tax increase, the district plans to balance the budget via a drawdown from the fund balance. The proposed final millage rate for 2022-2023 would be 20.4288 mills, which represents a 1.5% millage increase from the 2021-2022 school year. Each mill generates approximately $3.5 million for the school district. The anticipated 1.5% millage increase falls below the 3.4% Act 1 index increase allowed by the state. 

    The school board approved the 2022-2023 proposed final budget May 9, 2022. It will be available online, as per the state-required public review period, on the district’s website at www.fcasd.edu.

    The board will discuss the final budget at its meetings June 6 and June 13. The board is expected to pass the final 2022-2023 budget at its June 13 meeting. Both meetings begin at 7 p.m. and will be held at Fox Chapel Area High School in the large group instruction room. The school board meetings are also streamed on the district’s YouTube channel.

    The 2022-2023 proposed final budget reflects the following:

    • $2 million transfer into the Capital Reserves Fund for improvement projects
      • Updates to Hartwood Elementary HVAC system and interior lighting
      • Turf replacement for the high school baseball, softball, and multipurpose fields
    • Utilization of $1 million in federal stimulus funds for
      • Capital projects, including the replacement of windows at Dorseyville Middle School
      • Summer learning programs
      • Student and staff support services      
    • 8% increase in tuition costs (the amount the district pays for students to attend cyber and charter schools, special education facilities, and A.W. Beattie Career Center)
    • Insurance premium increases of
      • 8% for medical coverage
      • 3% for dental coverage 
      • 3% for vision coverage
    • Public School Employees’ Retirement System (PSERS) employer contribution rate of 35.26% for 2022-2023
      • This represents a 6% increase over 2021-2022.
      • This accounts for 16% of the overall budget. The state reimburses the district 50% of the costs.

    Please note that this budget is subject to change between the proposed final budget and the approval of the final budget.

    Future Challenges

    • COVID-19 and its economic impact for the current and future budget years continues to be an uncertainty. 
    • The contribution to PSERS continues to be a challenge for all school districts in Pennsylvania.
      • The employer contribution rate is set by PSERS trustees, not by the district.
      • The district anticipates paying more than $45 million in PSERS contributions during the next five years.
    • Projected multiyear Capital Improvement Plan costs

    Gaming Funds Distribution

    The gaming funds distribution is determined by the state. The amount of funds to be received by the Fox Chapel Area School District will be incorporated into the final budget once the total amount is known.