Transcript PowerPoint 2
Patricia Scott Office of Fiscal Policy and Planning Division of Finance
http://www.nj.gov/education/finance/fp/dwb.shtml
Budget Statement Software Budget Statement Manuals Guidelines Technical Manual Budget Statement Other Election Calendar Defeated Budget Packet (coming April)
P.L. 2010, c. 44 changed the tax levy cap to 2% over prior year adjusted levy Deleted All Commissioner Cap Waivers
$20,000,000 BUDGET
District 1 – 2010-2011 Budget 90% state aid = $18,000,000 10% taxes = 2,000,000 A 2% tax increase on $2,000,000 = $40,000.
District can increase their budget by $40,000.
$20,000,000 BUDGET
District 2 – 2010-2011 Budget 50% state aid = $10,000,000 50% taxes = 10,000,000 A 2% tax increase on $10,000,000 = $200,000.
District can increase their budget by $200,000.
$20,000,000 BUDGET
District 3 – 2010-2011 Budget 10% state aid = $ 2,000,000 90% taxes = 18,000,000 A 2% tax increase on $18,000,000 = $360,000.
District can increase their budget by $360,000.
All Automatic Adjustments – must request in software Enrollment Health Care Costs Pension Costs – New Responsibility transferred to/from another entity
CALCULATION SAME AS PREVIOUS BUDGET YEARS.
Equals that portion of the actual increase in total health care costs for the budget year, less any withdrawals from the current expense emergency reserve account that exceeds 2% of total health care costs in the prebudget year (original amount) and up to the SEHBP rate of 8.6% for a possible total of up to 6.6%
EXAMPLE #1 Non-SEHBP Plan Local District Premium Increase for 2011-2012 = 12% Local District will be eligible for a 6.6% cap adj.
Note: Calculation based upon original budget Number 2010-2011 versus amount in 2011-2012 budget.
EXAMPLE #2 Non-SEHBP Plan Local District Premium Increase for 2011-2012 = 4.6% Local District will be eligible for a 2.6% cap adj.
Note: Calculation based upon original budget Number 2010-2011 versus amount in 2011-2012 budget.
EXAMPLE #3 District in SEHBP Automatic 6.6% cap adj.
Calculation based upon original budget number 2010-2011 versus amount in 2011-2012 budget.
ONLY applicable to districts who deferred PERS payment under P.L. 2009, c. 19 Payment begins 2011-2012 budget New lines in benefits appropriations – object code 248
“that portion of the actual increase in total normal and accrued liability contributions for the budget year that exceeds 2% of the total normal and accrued liability pension contributions in the prebudget year.”
N.J.S.A. 18A:7F-38(f) allows the adjusted tax levy to be increased accordingly whenever the responsibility and associated cost of a school district activity is transferred to another school district or government entity.
New data entry screen and reports have been added
Example: Transportation costs for students in Resource Home.
DOES NOT APPLY TO THE 2% CAP LEVY AS VOTERS HAD PREVIOUS APPROVED THE TAX INCREASE BY PASSAGE OF REFERENDUM
Requires majority of affirmative votes Changed from 60% affirmative requirement in 2010-2011 Decision of voters is still final Do NOT have to go to cap to request a second proposal
“Bank” unused cap has been reinstated Utilize banked cap from a budget year in any of the next 3 budget years Separate Proposal Implications
If separate proposal passes and district is NOT at cap, district may bank unused cap (difference between unused cap less amount of separate proposal) If separate proposal is defeated and district is NOT at cap, may bank unused cap.
EXAMPLE 2011-2012 – banked cap $ 60,000 2012-2013 – banked cap $ 40,000 2013-2014 – under cap by $50,000 Scenario 1 - separate proposal for $25,000 which is approved – can bank $25,000 for the 2013-2014 Scenario 2 – no separate question – can bank $50,000.
Scenario 3 – Separate question fails – can bank $50,000.
2014-2015 – district has Scenario 1 - $125,000 ($60,000 + $40,000 + $25,000) Scenario 2 - $150,000 ($60,000 + $40,000 + $50,000) Scenario 3 - $150,000 ($60,000 + $40,000 + $50,000) 2015-2016 – banked cap from 2011-2012 rolls off if not used in 2014-2015.
New data entry screen Collect amount of employee withholding for health benefits Software adds back in total amount of employee health benefits to appropriations line to disclose the total amount of employee benefits on the Employee Benefits Summary
Comparison Report
ELIMINATED!
Reimbursement Basis For budgeting purposes, the amounts are included with fund 10, but accounting and reporting must be separate using fund 18 New revenue line 397 Revenue account 18-4522 www.nj.gov/education/finance/jobs
Software Enhancements
DISTRICT STATEMENT OF PRIORITIES Five Categories 1.
2.
3.
4.
5.
Maintaining our School System Raising Standards and Expanding Opportunities Building Professionalism 1.
Protecting our Investments Capital & Maintenance Projects 2.
Capital Reserves Planning for the Future
BUDGETED FTEs Elimination of the separate columns for full and part time Rows are revised to be a list of salary accounts
REVISION
Selections appear in the order that they must be submitted to the county office!
ADVERTISED FILE FOR NEWSPAPERS Format changed from text file to an html file
TPAF GRANT APPLICATIONS AKA - WAGE FREEZE 2010-2011 Final cash payment made in July 2011 Any funds not appropriated in 2010-2011 are allowed to be used as an adjustment in excess surplus calculation at June 30, 2011 May be appropriated without Commissioner approval during 2011-2012 Recorded as Other State Aid – line 360 using available account code 10-3XXX
Proposed Update Administrative Code Provides ECS with additional standards to review and approve inclusion of Certain salary increments Bonus Provisions