Proposed budget 2012 2013
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Proposed budget 2012 2013

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2012 - 2013 Budget Presentation

2012 - 2013 Budget Presentation

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Proposed budget 2012 2013 Proposed budget 2012 2013 Presentation Transcript

  • Greenwich Township School District Proposed Budget 2012-2013Public Hearing: March 29, 2012
  • AgendaThis presentation provides an  Superintendent’s Commentsoverview of our financial expectations  Budget Goalsfor the 2012-2013 school year.  Total BudgetThe intention of this budget is to  2011-2012 vs. 2012-2013provide curriculum and instructionwhich will enable all students to  Revenuesachieve the Core Curriculum  ExpendituresStandards and implement theproposed planning process as  2012-2013 State Aid Summarydescribed in the District’s AnnualReport.  Local Tax Levy Analysis  Ratables  Budget Highlights for 2012- 2013  Cost Saving Measures Proposed Budget Overview 2012- 2013
  • 2012-2013 Budget Goals• Continued emphasis on curriculum and instruction toward enhancing student achievement. The District will continue purchases to maintain the current level of classroom supplies.• Continued emphasis on the use of technology toward enhancing student achievement. The proposed budget includes plans to maintain educational programs and maintaining current technology.• Continued emphasis on staff development toward enhancing student achievement and state mandated teacher evaluations. Full day sessions for staff development are planned for 2012-2013 in both areas.• 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. Proposed Budget Overview 2012- 2013
  • 2012-2013 Total BudgetGeneral Fund: $11,382,481Special RevenueFunds:FEDERAL: No Child Left Behind(NCLB) Title I Part A, Title II $ 245,334Part A, & IDEA Part B Basic &PreschoolSTATE: Nonpublic Entitlements(Textbooks, Basic Skills, $ 102,578Speech, and Nursing)Total SpecialRevenue: $ 351,570TOTAL BUDGET $11,734,051 Proposed Budget Overview 2012- 2013
  • 2011-2012 vs. 2012-2013 2011-2012 Budget $11,768,238 vs. 2012-2013 Budget $11,382,481 DECREASE of $385,757 or 3.4% Proposed Budget Overview 2012- 2013
  • 2012-2013 RevenuesTax Levy: $ 9,447,453 83.0%State Aid: $ 1,091,720 9.6%Budgeted FundBalance: $ 556,050 4.9%OtherRevenues: $ 287,258 2.5%General FundBudget: $ 11,382,481 100% Proposed Budget Overview 2012- 2013
  • 2012-2013 Revenues: Where the money comes from. Other Revenues Fund Balance 2.5% 4.9%State Aid 9.6% Tax Levy 83% Proposed Budget Overview 2012- 2013
  • 2012-2013 Expenditures• Instructional Cost $5,571,726 48.9%• Employee Benefits $2,338,938 20.6%• Maintenance/Operation $1,117,902 9.8%• Support Costs $1,065,678 9.4%• Transportation $ 640,145 5.6%• Administrative/Business $ 625,583 5.5%• Capital Outlay $ 22,509 .20%GENERAL FUND BUDGET $11,382,481 100% Proposed Budget Overview 2012- 2013
  • 2012-2013 Expenditures: How the money is spent. 5.6% 0% Instruction 9.4% .2% Benefits Maint/Op5.5% Admin/Bus 9.8% 48.9% Support Transport. Food Service 20.6% Cap. Outlay Proposed Budget Overview 2012- 2013
  • 2012-2013 STATE AID SUMMARY Amount Dollar Change from 2011-2012• Adjustment Aid $410,113 -$102,528• Special Education Categorical Aid $335,298 $14,490• Transportation Aid $268,032 -$1,374• Security Aid $ 78,277 $745• OVERALL CHANGE IN AID -$88,667 Proposed Budget Overview 2012- 2013
  • Historical Trend of Tax ImpactSchool Year Total Tax Rate School Tax Rate % of Total Tax Assessed Value 2012-13 ? 1.660 ? $569,096,803 2011-12 3.785 1.504 39.7% $655,710,713 2010-11 3.882 1.555 40.1% $615,888,016 2009-10 3.705 1.465 39.5% $628,876,796 2008-09 3.436 1.366 39.8% $648,346,517 2007-08 3.488 1.385 39.7% $615,649,387 2006-07 3.292 1.310 39.8% $635,671,589 2005-06 3.326 1.373 41.3% $588,372,774 2004-05 3.03 1.325 43.7% $593,340,061 2003-04 2.87 1.22 42.5% $622,504,474 2002-03 2.72 1.13 41.5% $619,191,146
  • Your 2011 General Tax Breakdown Tax % RateCounty .864 22.83%Co. Library .071 1.88% County LocalOpen Space .069 1.82% Library Open Sp.Dist. School 1.504 39.74% SchoolLocal 1.277 33.73%Total $3.785 100% Proposed Budget Overview 2012- 2013
  • Proposed Budget Overview 2012- 2013
  • As of 2011, the GreenwichTwp. School District HAS THE FIFTH LOWEST school tax rate in the county! Proposed Budget Overview 2012- 2013
  • School Tax Calculation TOWNSHIP OF GREENWICH SCHEDULE OF LOCAL TAXES REQUIRED TO SUPPORT SCHOOL DISTRICT BUDGET TAXES RAISED ON A CALENDAR YEAR BASIS Proposed 2011/12 2010/11 2012/13 School Budget School Budget School Budget Local LocalLocal Tax Levy: General Fund 9,447,453.00 9,965,605.00 9,770,201.00 Debt Service Fund - - - Township Adjustments - - - Total Local Tax Levy 9,447,453.00 9,965,605.00 9,770,201.0050% of Local Tax Levy 4,723,726.50 A 4,982,802.50 B 4,885,100.50 2012 2011 Increase/ Tax Levy Tax Levy (Decrease)50% from Prior Year Local School Budget 4,982,802.50 B 4,885,100.50 C50% from Current Year Local School Budget 4,723,726.50 A 4,982,802.50 BLocal Taxes to Be Raised for School Purposes 9,706,529.00 9,867,903.00Net Valuation Taxable 569,096,803.00 655,710,713.00Tax Rate per $100 Assessed Valuation 1.706 1.505 0.201Recap of 2012 Proposed Tax Rate : 50% from 2011/12 School Budget 0.876 50% from 2012/13 Proposed School Budget 0.830Tax Rate per $100 Assessed Valuation 1.706Tax Rate per $100 Assessed Valuation -(school year) 1.660 1.520 0.140
  • LOCAL TAX LEVY 2000-2001 Tax Levy $6,530,557 2001-2002 Tax Levy $6,607,888 2002-2003 Tax Levy $7,342,932 2003-2004 Tax Levy $7,851,103 2004-2005 Tax Levy $7,873,033 2005-2006 Tax Levy $8,287,803 2006-2007 Tax Levy $8,376,849 2007-2008 Tax Levy $8,685,673 2008- 2009 Tax Levy $9,033,100 2009-2010 Tax Levy $9,394,424 2010-2011 Tax Levy $9,770,201 2011-2012 Tax Levy $9,965,605 2012-2013 Tax Levy $9,447,453Average Increase $243,075
  • RATABLES 2003-2004 Assessed Value $622,504,474 2004-2005 Assessed Value $593,340,061 2005-2006 Assessed Value $588,372,774 2006-2007 Assessed Value $635,671,589 2007-2008 Assessed Value $615,649,387 2008-2009 Assessed Value $648,346,517 2009-2010 Assessed Value $628,876,796 2010-2011 Assessed Value $615,888,016 2011-2012 Assessed Value $655,710,713 2012-2013 Assessed Value $569,096,803For 2012-2013, a penny is equal to: $56,910
  • RATABLES (CONTINUED)• If ratables remained the same as in 2011, the overall impact would be a 7.90 cent decrease. ($1.520 to $1.441)• With the decrease in ratables of $86,613,910 the overall impact is an INCREASE of 14.0 cents. ($1.520 to $1.660). The tax increase of 14.0 cents is for the 2012-2013 school year. Proposed Budget Overview 2012- 2013
  • Budget Highlights 2012-2013• Maintain Full Day Kindergarten.• Maintain class size within State recommended levels in grades kindergarten through eight as per NJQSAC.• Maintain academic and after school club activities.• Maintain district-wide technology capabilities.• Emphasis on curriculum and instruction through purchases and staff development.• Medical plan increase of 14%.• Rx plan increase of 15%.• Dental plan increase of 5%.• Increase on Property/Liability insurance.• 100% PERS obligation estimated in the amount of $165,167.• Increases in special education tuition and associated costs.• Continue to provide courtesy bussing.• Continue to provide maintenance in both buildings above what is required as per N.J.A.C. 6:24.• Energy cost increases to operate both buildings. Proposed Budget Overview 2012- 2013
  • District Wide Cost Savings Measures• Township provides at no cost: water/sewer, trash removal and recycling services and are continually pursuing additional shared services.• The school district and the municipality have shared-service agreement for diesel and gasoline for all district vehicles along with electrician services.• Greenwich Twp. School District takes part in the following consortiums to achieve significant savings for the district: – Electricity and Natural Gas- ACES Program – Purchasing of Xerox paper through Pittsgrove Consortium – Telecommunications-ACT Program – Federal E-rate telecommunications – Jointures on transportation with Gateway. – Services provided to Paulsboro, East Greenwich, Mantua, and South Harrison Twp. for special education students.• The district participates in shared programs with GCSSSD: – Non-public grant administration programs for textbooks, and nursing services. – Occupational and physical therapy services. – Transportation for GCIT and special education students. Proposed Budget Overview 2012- 2013
  • Annual School Election April 17, 2012 4:00 p.m. - 9:00 p.m.Broad Street Elementary School Gymnasium