The Board of School Directors of the Allegheny Valley School District approved the 2024-2025 Proposed Final General Fund Budget on May 21, 2024. The budget is available for public inspection on the District web site and is expected to be presented for adoption as the Final General Fund Budget at the school board meeting to be held on June 25, 2024 at 7:00 p.m. The 2024-25 Final General Fund Budget can be amended after the May 21st adoption. If an individual is unable to access the 2024-2025 Proposed Final Budget on the District website, a printed copy may be obtained by contacting the Dr. Hamsini Rajgopal, Director of Finance & Business Operations, at
The Proposed Final Revenue and Expenditure Budget for the 2024-2025 school year approved at the May 21 School Board Meeting is in the amount of $25,872,724. The Budget represents an increase of 4.9% more than the 2023-2024 Budget of $24,655,258. Local revenue for this Proposed Final Budget will be provided by a real estate tax of 21.3899 mills, one half of 1% earned income tax, one-half of 1% real estate transfer tax and one-half of $10 occupation privilege tax.
Revenues:
• The major revenue driver for the District is the Real Estate Tax Assessments, and local revenues account for 69% of total revenues. There is no tax increase.
• The other two major revenues - State (30%) and Federal (1%) subsidies - reflect the balance of income for the District. The District projects increased funding from the State for Basic Education and Special Eduction.
Expenditures:
• The 2024-25 General Fund Expenditure Budget total is $25,872,724.
• The instructional budget represents approximately half of all costs to the District.
• Increases in the budget can be attributed to increasing costs of reassessments, healthcare, staffing, special education, tuition, transportation, and debt service.
Overall, the Budget increased 4.9% compared to the prior year.
Please see attached:
2024-2025 Approved Proposed Final General Fund Budget