Transcript Elmer Board of Education Proposed

Deerfield Board of Education
Public Hearing
2008-2009 School Budget
March 19, 2008
Budget Development
•Early to Mid-November - Teachers discuss
needs with building principal and
superintendent.
•December-January - Teachers and other
personnel submit requests for funds and
programs to the principal/Superintendent.
Budgets are reviewed by the
Superintendent.
Budget Development
•December/January-Preliminary figures were released along with the
new funding formula
•January/February – Superintendent and Business Administrator
review district needs and budget priorities
•February - Board of Education reviews budget and approves
preliminary budget on February 27, 2008
•February 26, 2008 - Governor’s address on status of the state
budget
•February 28, 2008 - Debt Service State Aid figures are released and
the budget is revised based on these numbers
Budget Development
•March 6, 2008 - Deadline to submit the
budget to the Cumberland County Office of
Education for review
•March 19, 2008 - Public Hearing. The
Budget is finalized for submission to the
voters
•April 15,2008 - School Election
The 2008-2009 Budget
includes:
• No staffing or program cuts (accounts for 2 retirements)
– Ability to continue the expansion of the K-2 math series into grade 3
• 2 additional out of district student placements from 20072008
• Additional professional development for Board of
Education, as required by law
• New funding formula State aid = 2.9% over 2007-2008
figures
2008-2009
Anticipated Revenues
Tax Levy-Current
2,119,361
39.9%
2,381,747
44.8%
Restricted State Aid
95,854
1.8%
Tax Levy-Debt
281,010
5.3%
Debt Service Aid
182,190
3.4%
Federal Programs
155,395
2.9%
Fund Balance
79,424
1.5%
Miscellaneous
21,000
0.4%
5,315,981
100%
State Aid
Total
2008-2009
Anticipated Revenues
Debt Service
Aid
3.4%
Tax Levy-Debt
5.3%
Restricted
State Aid
1.8%
State Aid
44.8%
Federal
Programs
2.9%
Fund
Balance
1.5%
Miscellaneous
0.4%
Tax Levy-Current
39.9%
2008-2009
Anticipated Expenditures
Instructional /Reg. Ed Tuition
1,648,695
31.0%
Debt Service
467,107
8.8%
Employee Benefits
709,998
13.4%
Student Support Services
294,654
5.5%
Special Education
836,476
15.7%
Operations & Maintenance
500,400
9.4%
Administrative Costs
367,049
6.9%
Transportation
324,214
6.1%
Business/Support Services
141,576
2.7%
25,812
0.5%
5,315,981
100.0%
Capital Outlay
Total
2008-2009
Anticipated Expenditures
Operations &
Maintenance
9.4%
Administrative
Costs
6.9%
Transportation
6.1%
Business
/Support
Services
2.7%
Capital Outlay
0.5%
Special
Education
15.7%
Student Support
Services
5.5%
Employee
Benefits
13.4%
Debt Service
8.8%
Instructional
/Reg. Ed Tuition
31%
ANALYSIS OF TAXES
2005-2006
2006-2007
2007-2008
2008-2009
Current Tax Levy
$1,743,257
$1,933,690
2,084,272
2,119,361
Debt Service Tax
Levy
278,868
262,080
261,859
281,010
2,022,125
2,195,770
2,346,131
2,400,371
171,360,347
175,514,121
181,724,786
181,672,700
$1.18
$1.25
$1.29
$1.31
$0.082
$0.071
$0.040
$0.023
Total Tax Levy
Ratables
Tax Rate
Total Tax Increase
Average Home Assessment for
Deerfield Township
2005-2006
2006-2007
2007-2008
2008-2009
Value=$128,000
$130,100
$132,800
$133,000
Taxes= $1513
$1628
$1714
$1,748
Increase from ‘07-’08 to ‘08 - ‘09 on the average assessed value =____$34.00________
PLEASE REMEMBER TO
VOTE
APRIL 15, 2008
2:00 p.m. – 9:00 p.m.
at the Municipal Building