INITIAL BUDGET PRESENTATION

WORK SESSION: HADDONFIELD BOARD OF EDUCATION January 10, 2008

DEVELOPMENT PARAMETERS  Show efficiencies  Be realistic  Be transparent  Improve the delivery of instruction   Grow district initiatives Support the professional development of the faculty to meet the learning needs of the students

2008-2009 BUDGET SUMMARY

REVENUE

2007-08 2008-09 State Aid $ 1,610,445 $ 1,610,445 Additional State Aid Local Tax Levy – 4% Tuition Unrestricted Funds $27,758,553 $ 458,561 $ 145,000 Fund Balance Totals $ 78,779 $30,051,338 $ 32,208 $28,868,895 $ 486,313 $ 155,000 $ 125,000 $31,277,861

2008-2009 BUDGET SUMMARY  OVERALL REVENUE INCREASE • $1,226,523 OR • 4.08%

2008-2009 BUDGET SUMMARY APPROPRIATIONS Faculty/Rep Staff Admin/Non Rep Special Ed Tuition Medical/Dental Operational TOTALS 2007-2008 2008-2009 $17,769,100 $18,229,795 $ 2,145,355 $ 2,159,600 $ 910,000 $ 932,500 $ 4,581,500 $ 5,276,920 $ 4,645,383 $ 4,763,220 $30,051,338 $31,362,035

2008-2009 BUDGET SUMMARY  OVERALL APPROPRIATIONS INCREASE • $1,310,697 OR • 4.36%

2008-2009 BUDGET SUMMARY

COMPARISON REVENUE TO APPROPRIATIONS

Revenue Appropriations Difference $31,277,861 $31,362,035 $ (84,174)

2008-2009 BUDGET SUMMARY  POTENTIAL SAVINGS  Educational Assistant Reduction (10%)  Activity Fee Increase $25.00

 Athletic Program Reduction Overall (10%)  Extracurricular Reduction (10%)  Additional Retiree Savings 36,250 20,000 69,725 33,600 ??????

TAX LEVY

REVENUE SUMMARY

 State Aid increase of 2%  Hold harmless for 2008-2009  Add 15 full-time tuition students  Reduced Pre-school tuition next year

REVENUE SUMMARY

 Rental Fees predicted to remain flat  Interest Rate revenue – increased 11%  Activity Fee income – flat  Fund Balance – $125,000

APPROPRIATION LINE ITEMS

REGULAR EDUCATION SALARIES 2006-07 Prior Year Actual K-12 2007-08 Approved Budget $ 9,591,910 $ 10,021,250 K-12 Substitutes Home Instruction EA - Reg. Ed Related Services Other Instruction $ 215,000 $ 50,041 $ 428,143 $ 1,268,469 $ 108,900 $ 214,700 $ 45,000 $ 399,500 $ 1,307,500 $ 108,900 2008-09 Budget Appropriations 2008-09 Dollar Increase 2008-09 % Increase $ 9,922,650 $ (98,600) -0.98% $ 214,500 $ 50,000 $ 362,500 $ 1,355,750 $ 114,345 $ (200) -0.09% $ 5,000 11.11% $ (37,000) -9.26% $ 48,250 3.69% $ 5,445 5.00%

APPROPRIATION LINE ITEMS

2006-07 Actual Special Education Teachers $ 1,687,657 2007-08 Approved $ 1,745,000 EA/ABA- Spec. Ed $ 677,340 $ 655,000 2008-09 Approp.

2008-09 Increase % Increase $ 1,908,600 $ 163,600 9.38% $ 825,500 $ 170,500 26.03% Related Services Special Schools Summer Transportation $ 1,029,986 $ 1,063,500 $ 184,640 $ 176,500 $ 151,475 $ 95,000 $ 1,137,500 $ 74,000 6.96% $ 193,200 $ 16,700 9.46% $ 100,000 $ 5,000 5.26%

APPROPRIATION LINE ITEMS

DISTRICT OPERATIONS Operations and Maintenance Administration 2006-07 Actual 2007-08 Approved 2008-09 Appropriation 2008-09 Increase % Increase $ 1,689,042 $ 2,162932 $ 1,937,250 $ 2,145,355 $ 2,045,250 $ 108,000 5.57% $ 2,159,600 $ 14,245 0.66%

APPROPRIATION LINE ITEMS

2006-07 Actual Employee Benefits $ 4,129,081 Oper. & Maint (non-salary) $ 765,279 Utilities (Gas & Electric) $ 892,926 Special Education Tuition $ 868,980 Professional Services $ 266,173 Transportation $ 480,937 2007-08 Approved $ 4,581,500 $ 761,400 $ 740,000 $ 910,000 $ 246,000 $ 461,400 2008-09 Appropriation 2008-09 Increase % Increase $ 5,276,920 $ 695,420 15.18% $ 772,050 $ 882,000 $ 10,650 $ 142,000 1.40% 19.19% $ 932,500 $ 246,000 $ 478,900 $ 22,500 2.47% $ 0.00% $ 17,500 3.79%

APPROPRIATION LINE ITEMS

2006-07 Actual 2007-08 Approved 2008-09 Approp.

2008-09 Increase % Increase Professional Services Textbooks Supplies Operational Co/Extra Curricular Athletics Capital Outlay Budget Reserve $ 329,925 $ 111,424 $ 671,070 $ 353,140 $ 135,493 $ 556,695 $ 271,233 $ 303,203 $ 676,773 $ 304,803 $ 251,955 $ 323,300 $ 691,000 $ $ $ 125,000 $ 359,300 $ 110,850 $ 577,645 $ 6,160 $ (24,643) $ 20,950 $ 252,850 $ 336,375 $ 697,250 $ 50,000 $ 895 $ 13,075 $ 6,250 $ 50,000 $ $ (125,000) 1.74% -18.19% 3.76% 0.36% 4.04% 0.90% 100.00% -100.00%

REQUESTS AND OUTCOMES

 High School – All requests filled within current district staffing  Middle School – No requests  E. Haddon – No requests

REQUESTS AND OUTCOMES

 Central School – Additional Teacher - denied  Tatem School – Additional Teacher – denied  Special Education – 1.5 Additional Teachers – denied

REQUESTS AND OUTCOMES

 Technology – $321,000 – approved $50,000  District – World Language Teacher K to 2 – denied – implement alternate program  Sabbatical Request – Pending final description – approved, per contract

RETIREE SAVINGS as of January 10, 2008

Name 2008-09 SALARY GE MB AZ MB MB2 BC DW $80,513 $81,313 $81,313 $78,913 $87,861 $82,252 $77,643 TOTAL SAVINGS NEW SALARY $49,950 $49,950 $50,450 $50,540 $49,950 $56,450 $46,500 SICK PAYOUT DIFFERENCE $12,500 $ 5,000 $14,500 $ $ 7,500 $ $12,500 $18,063 $26,363 $16,363 $28,373 $30,411 $25,802 $18,643 $164,018

DEBT SERVICE

 Debt Principal • 2000 Bonds • 2000 C Bonds • 2001 Bonds • 2005 Bonds $275,000 $270,000 $310,000 $100,000 • Total $955,000

DEBT SERVICE

 Debt Interest • 2000 Bonds • 2000 C Bonds • 2001 Bonds • 2005 Bonds • 2005 Refinance • Grant Note (2.5M) $119,124 $ 20,719 $ 22,563 $365,740 $438,744 $115,000 • Total $1,081,890

DEBT SERVICE

 Debt Revenue • State Aid • Debt Service Fund • Local Tax Levy $ 96,251 $ 134,579 $1,806,060 • Total Revenue $2,036,890

BENEFITS

 Social Security 6% Increase  Unemployment  Workers’ Comp 6% Increase 6% Increase  Health Benefits 17% Increase

BENEFITS

 Tuition Reimbursement 0%  Other Benefits 6%

2008-2009 BUDGET SUMMARY IMPORTANT ITEMS  Decrease in Regular Ed teacher salaries – 1%  Regular Education EA Decrease – 9%  Increase in Special Education EAs and ABA services – 26%

2008-2009 BUDGET SUMMARY IMPORTANT ITEMS  Total Salary increase – 2.38%  Benefit Costs increase – 15%  Utilities increase – 19%

2008-2009 BUDGET SUMMARY WHAT IS A 1% REDUCTION $288,688

2008-2009 BUDGET SUMMARY A 0% TAX INCREASE MEANS A REDUCTION IN THE BUDGET OF

$1,154,752

IMPORTANT POINTS

 Every 1% decrease in the tax levy results in a $288,688 decrease in revenue  Both the revenue and appropriation figures will continue to change between now and the Public Hearing of the budget