Transcript 2011-12 Power Point Budget Presentation

2011 - 2012 Budget
Cranbury Township
Board of Education
Contributing Individuals
Board of Education
Administration
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Mrs. Lynne Schwarz, President
• Mrs. Carol Malouf, Interim
Mr. Bill Schraudenbach, Vice-President
Chief School Administrator
• Mrs. Joyce Picariello,
School Business
Administrator /Board
Secretary
• Mrs. Michele Waldron,
Vice Principal
Mrs. Jennifer Cooke
Mr. Michael Ferrante
Mr. Kevin Fox
Mrs. Wendi Patella
Mrs. Nicole Pormilli
Mrs. Evelyn Spann
Mrs. Kathy Wasson
Development of the
2011 - 2012 Budget
The process is driven by two objectives:
1.
Provide every child in the district with the high quality educational
opportunities; and
2.
Maximize the use of available resources.
The Board attempts to balance the
educational needs of students and the
resources available to the District from
local, state, and federal sources, and
the community, with consideration
given to the tax impact.
2011-12 Budget
• Maintains all current programs
• Provides for 3 classroom sections in
grades 1-5
• Reinstates Art, Industrial Arts, and
French in Grades K-1 (full yearcourses)
ENROLLMENT
Cranbury Enrollment
1000
800
600
241
256
269
269
272
267
267
599
635
630
621
628
624
610
588
2005
2006
2007
2008
2009
2010
2011
2012
EST.
167
198
215
216
572
570
592
2002
2003
2004
400
200
0
K-8
High School
2010-11 SUCCESS STORIES
2010-11 Success Stories
 Outstanding Student Test Score Results
 Adoption and Implementation of New K-5 Literacy
Program
 Completion of Pole Barn
 Refinancing of Debt yielding over $300K in savings
 Strong financial position distinguishes Cranbury with a
AAA Bond Rating
 Progress on HVAC Project and Exterior Door
Replacement Projects – ROD Grant Projects
Special Education Programs
In accordance with state law, a free
and appropriate public education for
classified students from ages 3
through 21 is offered.
Development and Enrichment of Our
Special Education Programs
Continuum of Options
• Preschool Disabilities
 Adopted and Implemented State Approved High
Scope Program
• In-Class Support
 Successful inclusion efforts
 Collaborative instruction
• Resource Centers
• Self-Contained Programs
• Active and Supportive Parent Group
Proposed 2011 – 2012 Budget
2011 - 2012 Budget
FISCAL COMMITTMENT
Expenditures are 2.6% less than the 2010-11 Budget and less than
the last three fiscal years.
2011-12 Budget Expenditures
Dollar
Amount
Difference over
2010-11 Budget
Percent
Change
Regular Programs
$3,506,324
$(174,099)
-5.0
Special Education (In-district programs)
$ 827,627
$25,472
3.1
Co-Curricular and Athletics
$ 141,618
$9,569
7.3
Out-of-District Tuition – Regular Education (PHS)
$4,029,547
($313,879)
-7.2
$788,485
$108,755
16.0
Support Services
$1,130,440
$(82,463)
-6.8
Staff Training and Support
$ 128,862
$19,476
17.8
Administrative Services
$ 750,265
$(45,075)
-5.7
Operation & Maintenance
$1,117,130
$(109,637)
-8.9
Transportation
$ 827,610
$(31,910)
-3.7
Employee Benefits
$2,234,605
$189,430
9.3
Account Description
Out-of-District Tuition (Special Education)
Proposed Budget
Classifications
Princeton
Tuition, 24.2%
Special Education
Tuition, 4.7%
Operation and
Maintenance, 4.6%
Other Purchased
Services, 2.6%
Salaries, Wages,
and Benefits,
49.5%
Textbooks and
Supplies, 2.3%
Transportation,
4.7%
Capital Outlay,
6.9%
Other Expenses,
0.5%
High School Enrollment
2010-11
Actual
Enrollment
October 15, 2010
2011-12
Estimated
Enrollment
9th
60
68
10th
67
60
11th
72
67
12th
68
72
Total
267
267
Princeton High School Tuition
Per Pupil Rate
2011-12 estimated tuition has been decreasing for the
last two years
Cost Containment Features
• Shared Services with Public Library
• Shared Services with Township for fuel
• Procurement Cooperatives
 Middlesex Educational Services Commission
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Transportation
Non-Public School Administrative Services
Natural Gas
Electricity
 Pittsgrove Board of Education Cooperative Purchasing
• Paper
 Hunterdon Education Services Commission
• Technology Equipment and Supplies
2011-12 CAPITAL PROJECT
 Window Replacement (1967 addition)
• Project anticipates operational savings in utility
expense
• Fully funded from capital reserves, which are
specifically designated for Capital Projects
• Project has been NJDOE and NJSDA approved
and is eligible for 40% of cost through the ROD
Grant
2011-12 BUDGET
GOOD NEWS!
Cranbury School will receive some State Aid
Contractual Obligations
• Teachers’ Salaries are based on
negotiated agreement
• (Current agreement expires June 30, 2011)
• BOE and CEA are currently in negotiations
Cranbury Township
Assessment Values
UNFORTUNATE TREND!
The aggregate assessed property value has declined by
over 14% in the last four years.
2011-12 TAX LEVY
The 2011-12 tax levy increased by 1.9% which is under the
State Cap and less than the 2009-10 tax levy
REVENUE
2011-12 Proposed Revenues
Source
Amount
Fund Balance -Operating Budget
$213,913
Withdrawal from Capital Reserve
$1,141,288
Withdrawal from Tuition Reserve
$33,653
Miscellaneous
$106,000
Tax Levy
$14,941,270
State Aid
$176,258
EdJobs (Federal Stimulus)
Total Revenue
$25,487
$16,637,869
TAX IMPACT INFORMATION
Proposed Tax Rate
• Proposed Tax Rate General Fund ($.0364 increase)
 92.49 cents per hundred dollars of assessed valuation
 $5,626.32 per year to the average taxpayer (assessed at $608,331)
• Proposed Tax Rate Debt Service Fund ($.0023 increase)
 5.60 cents per hundred dollars of assessed valuation
 $340.67 per year to the average taxpayer (assessed at $608,331)
• Proposed Overall Tax Rate ($.0387 increase)
 98.09 cents per hundred dollars of assessed valuation
 $5,966.99 per year to the average taxpayer (assessed at $608,331)
Tax Impact of Proposed Budget
Assessed
Value
2011-12
Tax Increase
Quarterly
Increase
Monthly
Increase
$ 300,000
$ 114.72
$ 28.68
$ 9.56
$ 500,000
$ 191.19
$ 47.80
$ 15.93
$ 608,331
$ 235.66
$ 59.92
$ 19.64
$ 700,000
$ 267.67
$66.92
$ 22.31
$ 900,000
$ 344.15
$86.04
$ 28.68
Voter Information
• Voter Registration Deadline: April 6, 2011
• Mail-In Ballot Applications by mail:
Deadline ~ April 20, 2011
• Mail-In Ballot Applications in person:
Deadline ~ 3 P.M., April 26, 2011 (County
Clerk’s Office)
School Election Wednesday,
April 27, 2011
• Polls Open from 2 to 9 PM
• Polling Location – Township Building
• School Budget and (3) School Board
Members for a 3-year term
 Jennifer K. Cooke
 Pramod N. Chivate
 Kevin G. Fox
 M. Evelyn Spann
VOTE!
Wednesday, April 27, 2011
2- 9 PM Township Building