Proposed budget 10 11

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Proposed 2010-2011 Budget

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  • Before we get started, I would like to thank the Budget and Finance Committee (LL, FR, & FJM) for their help and time during this long process and also thank my fellow administrators with their help in compiling the budget for the 10/11 school year.
  • Now we are going to take a look at what makes up our presentation.
  • Bob
  • This is the fifth year that the district has been aggressive in its purchasing of new textbook series. The areas expected to be addressed are in Reading, and Science. Including this year, the district has budgeted over $267,800 toward textbooks the last five years. The district has a 2.2 to 1 student to computer ratio. The state average is 3.3 to1.
  • The key figure on this page is the General Fund number. This is what your tax levy is generated towards and what the public will be voting on. This will be displayed more clearly in the next slide. The Special Revenue is budgeted at 85% of the current years appropriation.
  • The tax levy is 4% or $375,777 increase over last years levy. In an effort to stabilize property taxes, two years ago the State set the tax levy growth at 4%. But, the expected tax levy represents 85.1% of the revenue. Last year, the tax levy was 85.3% of the revenue. There was a $552,562 decrease in state aid as you will see in later slides and we will discuss in greater detail. Last year, it was almost 14% of our budget and in turn it has forced us to seek revenue sources from other places. The budgeted fund balance are amounts projected to be left over from last years (09/10) budget in excess of our legal reserve amount of 2%. The required amount for this current year, 09/10 was $0. Because of the fund balance usage over the last few years, we have exhausted our available fund balance and will now need to replenish it and maintain it over the coming years. Other revenues are: Estimated interest on bank accounts, expected tuition on special needs students, and Medicaid reimbursement.
  • Our general fund budget has increased over last year by 4.2% or $462,102. The avg. growth of the general fund since 06/07 has been at 2.43%. Our tax levy was allowed to increase by a maximum of 4% due to the Tax Levy Cap Law (A-1) that was used for the first time two years ago. Again this year, we used the maximum increase of 4.0%. The avg. for the time period listed is 3.92%. Despite the gravity of fiscal problems facing the State, Governor Corzine’s education budget using the School Funding Reform Act of 2008 provided level funding in State Aid. Governor Christie has discussed the fiscal crisis that the State is in and as a result, we are seeing that our aid has been cut severely. We have already discussed fund balance. We built our surplus back up during the 08/09 school year and in turn they have taken it away. Our expected amount is due to the fact that we anticipate realizing this amount as of 6/30 and it is the minimum amount that we have to appropriate. The budgeted amounts of “Other Revenue” sources have grown slightly four of the last five years as we have had to find ways to make money. This number has increased by $109,133 over last year due to anticipated special education students that we will be receiving..
  • Instructional costs while are up $580,672 over last year. Costs in this area include: Regular educational programs Sp. Ed., Basic Skills, and Summer School Regular Ed. And Sp. Ed. Tuition Employee Benefits (up $19,522)-The district switched its medical benefits from NJSHBP to Horizon BC/BS in 2006 and budgeted for a 0% increase this year in medical due to the fact that we negotiated a 18 month agreement with Amerihealth, last year we renegotiated our Dental package for three year’s at a 5% increase the first year of the agreement and 0% increase in years two and three, and Rx is budgeted for a 15% increase because our benefits broker negotiated this increase based off of our experience modifier the last year. The district is also hit with an additional responsibility of fully funding its PERS obligation for the first time in 08/09 at 100%. The amount we just paid was $123,814 and the budgeted figure for next year is $130,099. Obviously, this continues to be a major hit to our budget. Support cost (down $87,537) are: Extra curricular activities Improvement of Instructional Services Ed. Media and Technology Health and Attendance Speech, Guidance, & CST Maintenance/Operations is decreased by $78,323 over last year. Even though we are seeing increased utilities, we are still meeting our obligations towards the maintenance of two buildings. Administrative/Business are your costs associated with the Superintendent, Principal’s, and Business Office. They are down by $27,795 over last year. With administrative costs having limits it is imperative to monitor what is spent administratively. The regional administrative limit is $1,740. We currently are at $1,707 and scheduled to decrease next year to $1,529. Transportation has increased by $93,771 over last year due to the transporting special needs students to private institutions. In turn, Capital Outlay has increased by $20,761 over last year. The only thing budgeted here is the interest on our capital reserve account and a state assessment. Food service obligation is down slightly by $55,969. In the coming year this will have to be monitored more closely and a plan will have to be developed to decrease this figure.
  • Over the last several years, districts were given a 0% increase in state funding which put more of a strain on all taxpayers. The state aid categories that have been around over the last several years were replaced last year and new aid categories have replaced them. Adjustment aid will be provide for at least the next year. As stated last year, decreases will only be seen for districts that have declining enrollment. Cat. Sp. Ed. Aid is based off of our number of students who are tiered and receive related services. This is based on a cost of $11,262 times the number of students identified as special education students. Transportation aid is based off of the following: # of students eligible for regular transportation Avg. distance from home to school. # of special ed. Students receiving transportation. Avg. distance from home to school. Cat. Security Aid is based off of what the state believes that a cost per student that is generated for security. That figure is based off of our projected FTE resident enrollment times $72 and then the share for low income students is added on top of that figure.
  • As you will see in the next eight slides, this district’s tax increases/decreases are mainly driven by ratables. Tax levies are the main funding source and in turn ratables have a strong effect. Since 2000, your total tax rate has gone up $1.17 but during that same time, your school tax rate has only gone up .496 cents.
  • Two years we had the second lowest school tax rate in the county and it changed due to several townships going through the reassessment process. Four of the districts that are ahead of us have gone through recent property reassessments.
  • This is comparison is made for the whole county and the districts that are color coded are surrounding districts. Just to emphasize that some are K-6, K-8, and K12 so all situations are different. The County avg. for school tax rate is $2.29 which we are well below by about $.83. The County avg. for % for schools is 53.26% which we are again well below.
  • The owner of a property assessed at the township average of $101,802 will see approximately a $92.33 increase in their taxes.
  • While the average tax levy increase is respectable over the last 11 years, you have seen that BOE’s contribution has been greater than the avg. increase.
  • Proposed budget 10 11

    1. 1. Greenwich Township School District Proposed Budget 2010-2011 Public Hearing: March 31, 2010
    2. 2. Agenda <ul><li>Superintendent’s Comments </li></ul><ul><li>Budget Goals </li></ul><ul><li>Total Budget </li></ul><ul><li>Revenues </li></ul><ul><li>Expenditures </li></ul><ul><li>2010-2011 State Aid Summary </li></ul><ul><li>2009-2010 vs. 2010-2011 </li></ul><ul><li>Local Tax Levy Analysis </li></ul><ul><li>Ratables </li></ul><ul><li>Budget Highlights for 2010-2011 </li></ul><ul><li>Cost Saving Measures </li></ul>This presentation provides an overview of our financial expectations for the 2010-2011 school year. The intention of this budget is to provide curriculum and instruction which will enable all students to achieve the Core Curriculum Standards and implement the proposed planning process as described in the District’s Annual Report.
    3. 3. Perfect Budget Storm II <ul><li>State and County Pressure </li></ul><ul><li>Loss of Ratables </li></ul><ul><li>Current Economy </li></ul><ul><li>Bad News! </li></ul><ul><li>Bad News! </li></ul><ul><li>Bad News! </li></ul>
    4. 4. STATE BUDGET DOLLARS FOR EDUCATION <ul><li>Hawaii 89.9% </li></ul><ul><li>Vermont </li></ul><ul><li>Arkansas </li></ul><ul><li>New Mexico </li></ul><ul><li>Minnesota </li></ul><ul><li>Delaware </li></ul><ul><li>Washington </li></ul><ul><li>Michigan </li></ul><ul><li>West Virginia </li></ul><ul><li>North Carolina </li></ul><ul><li>California </li></ul><ul><li>Nevada </li></ul><ul><li>Kentucky </li></ul><ul><li>Kansas </li></ul><ul><li>Alaska </li></ul><ul><li>Idaho </li></ul><ul><li>Alabama </li></ul><ul><li>Wisconsin </li></ul><ul><li>Oregon </li></ul><ul><li>Oklahoma </li></ul><ul><li>Utah </li></ul><ul><li>Mississippi </li></ul><ul><li>Indiana </li></ul><ul><li>Montana </li></ul><ul><li>Iowa </li></ul><ul><li>Hawaii 89.9% </li></ul><ul><li>Vermont </li></ul><ul><li>Arkansas </li></ul><ul><li>New Mexico </li></ul><ul><li>Minnesota </li></ul><ul><li>Delaware </li></ul><ul><li>Washington </li></ul><ul><li>Michigan </li></ul><ul><li>West Virginia </li></ul><ul><li>North Carolina </li></ul><ul><li>California </li></ul><ul><li>Nevada </li></ul><ul><li>Kentucky </li></ul><ul><li>Kansas </li></ul><ul><li>Alaska </li></ul><ul><li>Idaho </li></ul><ul><li>Alabama </li></ul><ul><li>Wisconsin </li></ul><ul><li>Oregon </li></ul><ul><li>Oklahoma </li></ul><ul><li>Utah </li></ul><ul><li>Mississippi </li></ul><ul><li>Indiana </li></ul><ul><li>Montana </li></ul><ul><li>Iowa </li></ul><ul><li>Arizona </li></ul><ul><li>South Carolina </li></ul><ul><li>Wyoming </li></ul><ul><li>Georgia </li></ul><ul><li>Massachusetts </li></ul><ul><li>Missouri </li></ul><ul><li>Tennessee </li></ul><ul><li>New York </li></ul><ul><li>Colorado </li></ul><ul><li>Ohio </li></ul><ul><li>Louisiana </li></ul><ul><li>Maine </li></ul><ul><li>New Jersey 41.3% </li></ul><ul><li>Florida </li></ul><ul><li>Rhode Island </li></ul><ul><li>Virginia </li></ul><ul><li>Maryland </li></ul><ul><li>New Hampshire </li></ul><ul><li>Connecticut </li></ul><ul><li>North Dakota </li></ul><ul><li>Pennsylvania </li></ul><ul><li>Texas </li></ul><ul><li>South Dakota </li></ul><ul><li>Illinois </li></ul><ul><li>Nebraska 31.5% </li></ul>
    5. 5. 2010-2011 Budget Goals <ul><li>Continued emphasis on curriculum and instruction toward enhancing student achievement. The District has planned for the purchase of additional textbooks, maintaining the current level of classroom supplies, and continued technology purchases. </li></ul><ul><li>Continued emphasis on the use of technology toward enhancing student achievement. The proposed budget includes plans to maintain educational programs and updating current technology. </li></ul><ul><li>Continued emphasis on staff development toward enhancing student achievement. Five full day sessions for staff development are planned for 2010-2011. </li></ul><ul><li>Continued emphasis on providing a safe and secure learning environment toward enhancing student achievement. The district has continued to make a commitment in the amounts budgeted in maintenance for both buildings. </li></ul>
    6. 6. 2010-2011 Total Budget
    7. 7. 2010-2011 Revenues
    8. 8. 2010-2011 Revenues: Where the money comes from. <ul><li>Instructions: </li></ul><ul><li>This is an embedded graph. </li></ul><ul><li>To edit this graph simply double-click anywhere on the graph. </li></ul><ul><li>When you’re done editing the graph, click outside of the graph to return to PowerPoint. </li></ul>
    9. 9. 5 Year General Fund Revenue Analysis
    10. 10. 2010-2011 Expenditures <ul><li>Instructional Cost </li></ul><ul><li>Employee Benefits </li></ul><ul><li>Support Costs </li></ul><ul><li>Maintenance/Operation </li></ul><ul><li>Administrative/Business </li></ul><ul><li>Transportation </li></ul><ul><li>Food Service </li></ul><ul><li>Capital Outlay </li></ul><ul><li>GENERAL FUND BUDGET </li></ul><ul><li>$5,887,249 51.3% </li></ul><ul><li>$2,071,158 18.0% </li></ul><ul><li>$1,242,401 10.8% </li></ul><ul><li>$ 973,298 8.5% </li></ul><ul><li>$ 624,145 5.4% </li></ul><ul><li>$ 574,113 5.0% </li></ul><ul><li>$ 84,027 .75% </li></ul><ul><li>$ 20,761 .25% </li></ul><ul><li>$11,477,152 100% </li></ul>
    11. 11. 2010-2011 Expenditures: How the money is spent.
    12. 12. 2010-2011 STATE AID SUMMARY <ul><li>Amount Percent Change </li></ul><ul><li>from 2010-201 </li></ul><ul><li>Adjustment Aid $292,340 -199.9% </li></ul><ul><li>Categorical Special Education Aid $320,808 0% </li></ul><ul><li>Categorical Transportation Aid $269,406 +9.8% </li></ul><ul><li>Categorical Security Aid $ 77,532 +15.4% </li></ul><ul><li>OVERALL CHANGE IN AID -$ 552,562 -36.5% </li></ul>
    13. 13. 2009-2010 vs. 2010-2011 <ul><li>2009-2010 Budget </li></ul><ul><li>$11,015,050 </li></ul><ul><li>vs. </li></ul><ul><li>2010-2011 Budget </li></ul><ul><li>$11,477,152 </li></ul><ul><li>INCREASE of $462,102 </li></ul><ul><li>or 4.2% </li></ul>
    14. 14. Historical Trend of Tax Impact
    15. 15. Your 2009 General Tax Breakdown <ul><li>Tax % Rate </li></ul><ul><li>County .874 23.58% </li></ul><ul><li>Co. Library .071 1.92% </li></ul><ul><li>Open Space .068 1.84% </li></ul><ul><li>Dist. School 1.465 39.54% </li></ul><ul><li>Local 1.227 33.12% </li></ul><ul><li>Total $3.705 100% </li></ul>
    16. 16. As of 2009, the Greenwich Twp. School District HAS THE FIFTH LOWEST* school tax rate in the county!
    17. 17. 2009 County Tax Rate Comparison ( Sorted by lowest school tax rate to highest)
    18. 18. 2009 County Tax Rate Comparison (Continued)
    19. 19. School Tax Bill Comparison between 2009 and 2010
    20. 20. LOCAL TAX LEVY <ul><li>2000-2001 Tax Levy </li></ul><ul><li>2001-2002 Tax Levy </li></ul><ul><li>2002-2003 Tax Levy </li></ul><ul><li>2003-2004 Tax Levy </li></ul><ul><li>2004-2005 Tax Levy </li></ul><ul><li>2005-2006 Tax Levy </li></ul><ul><li>2006-2007 Tax Levy </li></ul><ul><li>2007-2008 Tax Levy </li></ul><ul><li>2008- 2009 Tax Levy </li></ul><ul><li>2009-2010 Tax Levy </li></ul><ul><li>2010-2011 Tax Levy </li></ul><ul><li>Average Increase </li></ul><ul><li>$6,530,557 </li></ul><ul><li>$6,607,888 </li></ul><ul><li>$7,342,932 </li></ul><ul><li>$7,851,103 </li></ul><ul><li>$7,873,033 </li></ul><ul><li>$8,287,803 </li></ul><ul><li>$8,376,849 </li></ul><ul><li>$8,685,673 </li></ul><ul><li>$9,033,100 </li></ul><ul><li>$9,394,424 </li></ul><ul><li>$9,770,201 </li></ul><ul><li>$294,513 </li></ul>
    21. 21. RATABLES $600,017,073 $619,191,146 $622,504,474 $593,340,061 $588,372,774 $635,671,589 $615,649,387 $648,346,517 $628,876,796 $615,888,016 $61,589 2001-2002 Assessed Value 2002-2003 Assessed Value 2003-2004 Assessed Value 2004-2005 Assessed Value 2005-2006 Assessed Value 2006-2007 Assessed Value 2007-2008 Assessed Value 2008-2009 Assessed Value 2009-2010 Assessed Value 2010-2011 Assessed Value For 2010-2011, a penny is equal to:
    22. 22. RATABLES (CONTINUED) <ul><li>If ratables remained the same as in 2009, the overall impact would be a 5.86 cent increase. ($1.4651 to $1.5237) </li></ul><ul><li>With the decrease in ratables of $12,988,780 the overall impact is an increase of 9.07 cents. ($1.4651 to $1.5558). Last year there was a tax increase of 9.86 cents. </li></ul>
    23. 23. Budget Highlights 2010-2011 <ul><li>Maintain Full Day Kindergarten. </li></ul><ul><li>Continue to provide field trip experiences to grades Pre-K to eight. </li></ul><ul><li>Maintain class size within State recommended levels in grades kindergarten through eight as per NJQSAC. </li></ul><ul><li>Maintain all academic and extra-curricular activities. </li></ul><ul><li>Maintain district-wide technology capabilities. </li></ul><ul><li>Emphasis on curriculum and instruction through purchases and staff development. </li></ul><ul><li>Rx plan increase of 15%. </li></ul><ul><li>No increase on Property/Liability insurance. </li></ul><ul><li>100% PERS obligation estimated in the amount of $130,099. </li></ul><ul><li>Increases in special education tuition and associated costs. </li></ul><ul><li>First time tuition cost to GCIT of $2,000 per student ($170,000). </li></ul><ul><li>Increase of $2,526 per student ($11,495 to $14,021) to Paulsboro. </li></ul><ul><li>Continue to provide courtesy bussing. </li></ul><ul><li>Continue to provide maintenance in both buildings above what is required as per N.J.A.C. 6:24. </li></ul><ul><li>Energy cost increases to operate both buildings. </li></ul>
    24. 24. District Wide Cost Savings Measures <ul><li>Township provides at no cost: water/sewer, trash removal and recycling services and are continually pursuing additional shared services. </li></ul><ul><li>The school district and the municipality have shared-service agreement for diesel and gasoline for all district vehicles. </li></ul><ul><li>Greenwich Twp. School District takes part in the following consortiums to achieve significant savings for the district: </li></ul><ul><ul><li>Electricity and Natural Gas- ACES Program </li></ul></ul><ul><ul><li>Purchasing of Xerox paper through Pittsgrove Consortium </li></ul></ul><ul><ul><li>Telecommunications-ACT Program </li></ul></ul><ul><ul><li>Federal E-rate telecommunications </li></ul></ul><ul><ul><li>Member of the drug & alcohol testing consortium ran through Washington Twp. School District. </li></ul></ul><ul><ul><li>Jointures on transportation with Paulsboro, East Greenwich, and Gateway. </li></ul></ul><ul><ul><li>Services provided to Paulsboro, East Greenwich, Mantua, and South Harrison Twp. for special education students. </li></ul></ul><ul><li>The district participates in shared programs with GCSSSD: </li></ul><ul><ul><li>Non-public grant administration programs for textbooks, technology, and nursing services. </li></ul></ul><ul><ul><li>Occupational and physical therapy services. </li></ul></ul><ul><ul><li>Transportation for GCIT and special education students. </li></ul></ul>
    25. 25. Annual School Election April 20, 2010 4:00 p.m. - 9:00 p.m. Nehaunsey Middle School Gymnasium

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