Galloway Township Public Schools
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Transcript Galloway Township Public Schools
GALLOWAY TOWNSHIP
PUBLIC SCHOOLS
2014 - 2015
Preliminary Budget Presentation
Presented to the Galloway Township Board of Education
November 18, 2013
PRELIMINARY BUDGET PLANNING
Current Budget
Where
Budget Considerations 2014-2015
Where
are we?
are we going?
2014-2015 Budget Planning
How
do we get there?
CURRENT BUDGET – WHERE ARE WE?
CURRENT BUDGET 2013-2014 REVENUES
Withdrawal Capital Fund Balance
6%
Reserve
4%
Miscellaneous
Other
0%
Local Tax Levy
50%
State Aid
40%
CURRENT BUDGET 2013-2014 EXPENDITURES
TUITION/
CHARTER
TRANSPORTATION
SUPPLIES
MISC
TXFR TO FOOD
SVC
CAPITAL
PURCHASED
SERVICES
OTHER
EMPLOYEE
COSTS
HEALTH
BENEFITS
SALARIES
CURRENT BUDGET 2013-2014 EXPENDITURES
Food Service
0%
Capital
5%
Employee Benefits
22%
Transportation
7%
Operations/
Maintenance
7%
Administration
6%
Instruction
39%
Student
Support Services
9%
Tuition and Charter
5%
2013 TAXPAYER’S GUIDE TO EDUCATION SPENDING
K-8 District with enrollment over 750 (n=88)
2011-12 Cost per pupil $16,733 (53 / 88)
Administration per pupil $1,257 (22 / 88)
Legal Services per pupil $10 (5 / 88)
Food Service Contribution $4 (2 / 88)
Ratio-Students to Teacher 11.1 (77 / 88)
Ratio-Students to Admin 213.4 (24 / 88)
Ratio-Faculty to Admin 21.8 (11 / 88)
BUDGET CONSIDERATIONS–WHERE ARE WE GOING?
2014-2015 BUDGET CONSIDERATIONS
Maintaining current class size and programs
Replenishment of consumable materials
No new series / curriculum purchases
PARCC preparation
Technology
Facilities and maintenance
School security upgrades
Capital projects
2014-2015 BUDGET CONSIDERATIONS
Tax levy cap
Approximately
$585,000 for the 2014-15 budget
Represents 0.998% of the general fund budget
Banked cap
$879,118
of available banked cap
Entire amount will disappear if not utilized in
2014-15 budget
2014-2015 BUDGET CONSIDERATIONS
Fund Balance
2013-2014
2,770,222
to fund general budget
750,000 to fund capital reserve
2014-2015
2,799,822 in audited excess surplus
As per 2013 district audit presented to the BOE
in October
BUDGET PLANNING-HOW DO WE GET THERE?
HOW DO WE GET THERE?
Budget development calendar
Meetings/Planning with district administrators
Payroll/Benefits projections
Accumulation of data
Projected staffing meetings
Meetings with board committees
Further public presentations
Input from community members/stakeholder
groups
UNKNOWN FACTORS FOR 2014-2015
The budget is a plan, not absolute
Enrollment projections
ROD grant applications
State aid – historically released in February
Budget approval timelines
Unanticipated costs
QUESTIONS/COMMENTS
Thank you!