Transcript Final 2014-2015 Budget - Harding Township School / Overview

HARDING TOWNSHIP
SCHOOL DISTRICT
Public Hearing on the
Budget 2014-2015
Dr. Alex Anemone, Superintendent
Dr. Dennis Frohnapfel, Interim Business Administrator
May 5, 2014
BOARD OF EDUCATION
Mr. Dev Modi- President
Mr. John Flynn - Vice President
Mr. Jim Novotny
Mrs. Kim Macaulay
Mr. Davor Gjivoje
Budget Process and Timeline
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Fall 2013 – Administrative meetings
Fall 2013 – Budget guidelines crafted
12/2/13 – Preliminary budget presentation I
1/20/14 – Preliminary budget presentation II
2/25/14 – Gov. Christie budget address
2/27/14 – State aid figures released
3/3/14 – Tentative budget presentation
3/7/14 – Tentative budget submitted to ECS.
5/5/14 – Public hearing on the budget
7/1/14 – Budget year begins
Public Hearing on the Budget
• Moved from late March to late April/early
May, per NJDOE regulations.
• Presentation includes:
– Budget highlights
– Revenue history
– Tax levy impact
– Detailed revenues and expenses
– Budget preview (2015-2018)
2014-2015 BUDGET
• Maintains conservative fiscal practices.
• Provides financial resources that support our
district goal.
• Strong focus on core academic mission while
maintaining emphasis on social-emotional
learning, co-curricular activities, technology
integration as well as capital needs.
• When actual financial figures are not available,
estimates are used. (HTEA, MPS, OOD, etc.)
Budget Highlights
• Total budget = +1.90%
• Tax levy increase of +2.60%
• Includes banked cap of $54,523
• Maintains staffing configuration (two sections
per grade) and all co-curricular activities.
• Administrative costs:
• Regional limit = $2,035 per pupil
• HTS = $1,620 per pupil
Budget Highlights (cont’d)
• Measures of Academic Progress: grades 2-8.
• Otis Lennon School Ability Test: grade 3.
• Technology upgrades including new computers
in LMC lab and multiple classrooms. (PARCC
readiness)
• Math in Focus (Singapore Math) - grades K-5.
• Money budgeted for staff professional
development and curriculum writing.
• Unfunded mandates such as Achieve NJ,
TEACH-NJ, ABR, Janet’s Law, PARCC, CCSS.
REVENUE HISTORY
•Tax Levy
•1997-2011 (average)
•2011-2012
•2012-2013
•2013-2014
•2014-2015
•State Aid
•2009-2010
•2010-2011
•2011-2012
•2012-2013
•2013-2014
•2014-2015
6.01% increase
1.96% increase
1.78% increase
1.50% increase
2.60% increase
$364,473
$0
$181,191
$225,137
$225,137
$233,677
REVENUE HISTORY
Tax Levy % Increase
7.00%
6.00%
6.01%
5.00%
4.00%
2.60%
3.00%
1.78%
2.00%
1.96%
1.00%
1.50%
0.00%
1997-2011
2011-2012
2012-2013
2013-2014
2014-2015
REVENUE HISTORY
State Aid
$400,000 $364,473
$350,000
$300,000
$225,137
$250,000
$181,191
$200,000
$225,137
$150,000
$100,000
$50,000
$0
$0
$233,677
Categorical State Aid
2009-2010
2014-2015
Categorical State Aid
$364,473
$233,677
As a percentage of the
budget
3.97%
2.15%
Categorical State Aid
2009-2010
Categorical State Aid
All Other Revenue
4%
96%
Categorical State Aid
2014-2015
Categorical State Aid
2%
98%
All Other Revenue
District 40
District 39
District 38
District 37
District 36
District 35
District 34
District 33
District 32
District 31
District 30
District 29
District 28
District 27
District 26
District 25
District 24
District 23
District 22
District 21
District 20
District 19
District 18
District 17
District 16
District 15
-25.0%
District 14
District 13
District 12
District 11
District 10
District 9
District 8
District 7
District 6
District 5
District 4
District 3
District 2
District 1
% Change in School Funding by Legislative District
2009/10 vs. 2014/15
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
-5.0%
-10.0%
-15.0%
-20.0%
Harding--District 27
Capital Projects
• Elementary School Windows and UnitVentilators. Under the ROD (Regular Operating
District) Grant, the State will pay for 40% of this
project. The BOE local share is 60%. (summer
2014)
• Additional security measures (tbd).
2014-2015 Budget
$ Amount
$ Change
% Change
Operating Budget
$10,235,479
$213,467
2.10%
Total Budget
$10,826,752
$194,352
1.90%
Budget Efficiencies
• Budgeted fund balance of $274,561. This represents an
increase of $99,671 or 56.99%.
• Slight increase in Categorical State Aid +$8,540.
• High quality Integrated Pre-K Program (ongoing).
• Legislated increases in staff members paying for health
benefit premiums (Tier IV - up to 35% of premium).
• Continued shared services with Harding Township.
• Supply accounts.
• Tuition students (PK-8) included.
Revenues
REVENUES
2013-2014
$ Changes
2014-2015
Local Tax Levy (including
banked cap of $54,523)
$9,019,961
$234,922
$9,254,883
Tuition
$78,400
($26,100)
$52,300
Transportation Fees
$10,000
None
$10,000
Building Usage Fees
$9,000
None
$9,000
Misc. Revenue
$60,500
($45,500)
$15,000
State Aid (Categorical)
$225,137
$8,540
$233,677
Extraordinary Aid (Sp. Ed.)
$190,000
$10,000
$200,000
Budgeted Fund Balance
$174,890
$99,671
$274,561
Withdrawal Capital Reserve
$254,124
($68,066)
$186,058
Special Revenue (Federal)
$75,788
($12,240)
$63,548
Local Tax Levy (Debt Svc.)
$496,428
($6,385)
$490,043
Debt Service Aid
$38,172
($490)
$37,682
TOTAL
$10,632,400
$194,352
$10,826,752
Expenses – Fund 11
General Expenses
2013-2014
$ Changes
2014-2015
Gen. Education Instruction
$2,355,590
$76,573
$2,432,163
Sp. Ed. Instruction
$956,201
$38,240
$994,441
Sp. Ed./Tuition
$2,581,575
$133,718
$2,715,253
Attendance/Health/LMC
$162,219
$28,273
$190,492
Improvement Instruction
$204,857
($69,982)
$134,875
Support Svc. Gen. Admin.
$304,926
$4,151
$309,077
Support Svc. School Admin.
$24,583
$12,792
$37,375
Central Svc./IT Admin
$136,561
($3,635)
$132,926
Operation/Mt. Plant
$866,880
$27,901
$894,781
Student Transportation
$845,689
$32,935
$878,624
Health Benefits
$1,213,802
$62,787
$1,276,589
TOTAL – FUND 11
$9,652,883
$343,753
$9,996,636
Expenses - Funds 11, 12, 20, 40
Expenses
2013-2014
$ Changes
2014-2015
Total – Fund 11
$9,652,883
$343,753
$9,996,636
Capital Outlay – Fund 12
$369,129
($130,286)
$238,847
Special Revenue – Fund 20 $75,788
($12,240)
$63,548
Debt Service – Fund 40
$534,600
($6,875)
$527,725
TOTAL
$10,632,400
$194,352
$10,826,752
Tax Information
Current Tax
Rate
Proposed Tax
Rate
Difference
Change
0.463
0.475
0.012
+2.59%
2013 Average
Assessment
$1,202,902
2013 Tax Payment $5,569
2014 Average
Assessment
$1,196,735
2014 Tax Payment $5,685
HTS EXCELS
• 2013 NJASK Highlights:
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Median SGP ELA = 58
Median SGP Math = 59
14 “Perfect 300” scores on the NJASK Math!
• Middle School Band and Chorus both judged “Superior”
at the High Note Music Festival.
• TSA competing in state events.
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Second place in statewide Go Green competition!
• Quest Program
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First place in Brain Bowl competition for grades three and four!
Partnership with United Way and College of St.
Elizabeth for three-year Culture and Climate Initiative.
AND WILL CONTINUE TO
EXCEL…
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Continued emphasis on small class size and
personalized learning.
Technology and data rich environment complemented
with cutting edge pedagogical strategies.
Broad spectrum of co-curricular activities, including
sports and clubs.
Budget Vote and Election
• In 2012, Gov. Christie signed legislation that eliminated
the need for a public vote on the school budget if the
budget remains at or below the two percent tax levy cap,
including use of banked cap.
• On February 13, 2012, the Harding Township BOE
adopted a resolution to move the annual school election
from April to November beginning in 2012.
• Since the proposed 2014-2015 HTS budget is within the
cap (including banked cap) it will not be on the ballot in
November.
Budget Preview 2015-2018
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Review/preview of banked cap
Review of fund 11 expenses (2010-2015)
Three year budget projections
Review of budgeted fund balance (20102015)
Banked Cap
Year Saved
$ Amount
Year Expires
2012-2013
$82,496
2015-2016
2013-2014
$74,390
2016-2017
2014-2015
$0
2017-2018
Fund 11
Budget Year
$ Expenses
Fund 11
$ Change
% Change
2010-2011
$8,964,618
N/A
N/A
2011-2012
$9,195,284
$230,666
2.57%
2012-2013
$9,442,385
$247,101
2.69%
2013-2014
$9,652,883
$183,496
1.94%
2014-2015
$9,996,636
$343,753
3.56%
Three Year Budget Projection
YEAR
REVENUES
EXPENSES
tax levy +2.00% +2.75%
NET
2014-2015
$10,826,752
$10,826,752
$0
2015-2016
$10,935,019
+1.00%
$11,124,487
($189,468)
2016-2017
$11,126,381
+1.75%
$11,430,410
($304,029)
2017-2018
$11,321,092
+1.75%
$11,744,746
($423,654)
Three Year Budget Projection
$12,000,000
$11,800,000
$11,600,000
$11,400,000
$11,200,000
$11,000,000
$10,800,000
$10,600,000
$10,400,000
$10,200,000
Gap = $423,654
Gap = $304,029
Gap = $189,468
20142015201620172015
2016
2017
2018
Projected Revenues $10,826,752 $10,935,019 $11,126,381 $11,321,092
Projected Expenses $10,826,752 $11,124,487 $11,430,410 $11,744,746
Budgeted Fund Balance
Budget Year Ending
$ Amount
Added to Budget Year
June 30, 2010
$3,028
2011-2012
June 30, 2011
$320
2012-2013
June 30, 2012
$174,890
2013-2014
June 30, 2013
$274,561
2014-2015
June 30, 2014
???
2015-2016
Budgeted Fund Balance
+ State Aid
Budget Year
Ending
$ Amount
Added to
Budget Year
State Aid for
that Budget
Year
June 30, 2010
$3,028
2011-2012
$181,191 (50%
banked)
June 30, 2011
$320
2012-2013
$225,137
June 30, 2012
$174,890
2013-2014
$225,137
June 30, 2013
$274,561
2014-2015
$233,677
June 30, 2014
???
2015-2016
???