Transcript HARDING TOWNSHIP SCHOOL DISTRICT

HARDING TOWNSHIP
SCHOOL DISTRICT
2014-2015 Tentative Budget
Dr. Alex Anemone, Superintendent
Dr. Dennis Frohnapfel, Interim Business Administrator
March 3, 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
• Fall 2013 – Administrative team identifies
budgetary needs for 2014-2015 budget.
• 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
• 3/20/14 – Tentative Budget submitted to ECS.
• 5/5/14 – Public Hearing on the Budget
PROPOSED 2014-2015 BUDGET
• Maintains conservative fiscal practices, easing
the burden on taxpayers.
• Provides financial resources that support our
district goal(s).
• Strong focus on core academic mission while
maintaining emphasis on social-emotional
learning, co-curricular activities as well as
capital needs.
• When actual financial figures are not available,
estimates are used. (HTEA, MPS, OOD, etc.)
2014-2015 BUDGET GUIDELINES
• Continue to fund all programs and
services…working within the confines of
the property tax levy cap.
• Protect free balance at a maximum level
permitted by State law.
• Maintain staffing configuration.
• Continue to be conservative in the
expenditures of public moneys.
2014-2015 BUDGET GUIDELINES
• Allocates funds for:
• Technology Plan
• Capital Improvements (LRFP)
• Local Professional Development Plan
(LPDC)
• Develop a prudent budget that is aligned
with the district’s instructional priorities,
addresses the needs of all our students
and allocates sufficient funds to ensure
professional development for staff.
2014-2015 BUDGET GUIDELINES
• Continue to ensure that the financial
planning process is integrated and
aligned with the district priorities and
includes planning objectives based on
statewide assessments and the 20132018 Strategic Plan.
• Derive budget expenditures from
supplier quotations, official data and
actual expenditures from previous years.
Non-Discretionary Expenses
• Projected increases:
• Salaries +1.5%
• Health Benefits +22%
• Part of this increase is directly related to
implementation of the Affordable Care Act (ACA).
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•
•
•
Prescription +5%
Special Education Out of District tuition +6%
Transportation +2%
Utilities/Maintenance overtime
Budget Highlights
• Maintains staffing configuration (two sections
per grade) and all co-curricular activities.
• Math in Focus (Singapore Math) - grades K-5.
• Money budgeted for staff professional
development and curriculum writing.
• Ongoing costs associated with Achieve NJ,
TEACH-NJ, ABR implementation, Janet’s Law,
transition to PARCC and the Common Core State
Standards. (unfunded mandates)
Budget Highlights (cont’d)
• Measures of Academic Progress: grades 2-8.
• Otis Lennon School Ability Test: grade 3.
• Smartboard replacement cycle plus other
technology improvements including new
computers in L/MC lab.
• Meets all 2014-2015 Budget Guidelines as crafted
by the Facilities and Finance Committee and
adopted by the Board of Education.
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
2.81% increase
~$360,000
$0
$181,191
$225,137
$225,137
$233,677
REVENUE HISTORY
Tax Levy % Increase
7.00%
6.00%
6.01%
5.00%
4.00%
2.81%
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 ~$360,000
$350,000
$300,000
$225,137
$250,000
$181,191
$200,000
$225,137
$150,000
$100,000
$50,000
$0
$0
$233,677
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
• Operating Budget = $10,254,751
– Increase of $232,739 or 2.32%
• Total Budget = $10,846,024
– Increase of $213,624 or 2.01%
• Tax Levy Increase = 2.81%
– Includes Health Care Adjustment of $18,226
– Includes Banked Cap from 2011-2012 of
$54,523
Budget Efficiencies
• Budgeted excess surplus of $274,561. This represents an
increase of $99,671 or 56.99%.
• Slight increase in state aid +$8,540. This represents an
increase of 3.79% in Categorical State Aid.
• 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
$253,148
$9,273,109
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
($44,454)
$16,046
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 Svc. Aid
$38,172
($490)
$37,682
TOTAL
$10,632,400
$213,624
$10,846,024
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
$131,209
$2,712,784
Attendance/Health/LMC
$162,219
$4,273
$166,492
Improvement Instruction
$204,857
($45,982)
$158,875
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
$56,401
$923,281
Student Transportation
$845,689
$32,935
$878,624
Health Benefits
$1,213,802
$81,013
$1,294,815
TOTAL – FUND 11
$9,652,883
$387,970
$10,040,853
Expenses - Funds 11, 12, 20, 40
Expenses
2013-2014
$ Changes
2014-2015
Total – Fund 11
$9,652,883
$387,970
$10,040,853
Capital Outlay – Fund 12
$369,129
($155,231)
$213,898
Special Revenue – Fund 20 $75,788
($12,240)
$63,548
Debt Service – Fund 40
$534,600
($6,875)
$527,725
TOTAL
$10,632,400
$213,624
$10,846,024
ESTIMATED Tax Information
• 2014 Total Taxable Assessment
=$2,027,888,710.00
• 2014 Average Residential Assessment
=$1,196,734.56
• Current Tax Rate = 0.463
• Estimated Proposed Tax Rate = 0.475
• Estimated Difference = 0.012
+2.53% increase
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 and health care adjustment) it will not
be on the ballot in November.
• To comply with new NJDOE regulations, the Public Hearing on
the budget has been moved to the May 5 BOE meeting. That
meeting will begin at 7:30p.m. in the L/MC.