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Proposed budget 16 17 final

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GTSD 2016-2017 Budget Presentation delivered by Mr. Scott Campbell to the Board of Education at the April 25, 2016 Public Budget Hearing.

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Proposed budget 16 17 final

  1. 1. Proposed Budget 2016-2017 Public Hearing: April 25, 2016
  2. 2. Agenda This presentation provides an overview of our financial expectations for the 2016-2017 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.  Superintendent’s Message  Budget Goals & Priorities  Total Budget  2016-2017 State Aid Summary  School Tax Calculation  Ratables  Budget Highlights for 2016- 2017  Cost Saving Measures Budget Overview 2016-2017
  3. 3. Superintendent’s Message Five Areas for Consideration when preparing the budget: • Maintaining Our School System • Raising Our Standards and Expanding Opportunities • Building Professionalism • Protecting Our Investment • Planning for the Future Budget Overview 2016-2017
  4. 4. GTSD Maintaining Our School System- keeping the best of what we already have Raising Our Standards and Expanding Opportunities: raise the content of what we teach, how we teach it, and how our students engage with it Building Professionalism: ensuring that our faculty and staff have all of the skills necessary to make a difference for our students and community Protecting Our Investment: safeguarding our current assets Planning for the Future: creating both short- and long-term plans to meet upcoming needs, avoid fiscal imbalance, and achieve the goals and objectives of our stakeholders. Budget Overview 2016-2017
  5. 5. 2016-2017 Budget Goals • Continued emphasis on curriculum and instruction toward enhancing student achievement. The District will continue to maintain/enhance the current level of ALL instructional programs (core subjects, related arts, specialized programs). • Maintain ALL teaching staff positions and sustain low class sizes. • Continued emphasis on the use of technology toward enhancing student achievement. The proposed budget includes plans to maintain and improve educational programs and maintain/enhance current technology. • Continued emphasis on staff development toward enhancing student achievement through an emphasis on increasing the rigor of the content, increasing teachers’ knowledge and skill when teaching that content, and increasing our students’ intellectual engagement with the content. • 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. Also, the district is continuing to make deposits into its Capital Reserve Account and establishing a Maintenance Reserve Account. Budget Overview 2016-2017
  6. 6. 2016-2017 Total Budget General Fund: $11,638,412 Special Revenue Funds: FEDERAL: No Child Left Behind (NCLB) Title I Part A, Title II Part A, & IDEA Part B Basic & Preschool $ 262,260 STATE & Local: Nonpublic Entitlements (Textbooks, Basic Skills, Speech, Security, Technology and Nursing) & NJSIG Grant $ 75,568 Total Special Revenue: $ 337,828 TOTAL BUDGET $11,976,420 Budget Overview 2016-2017
  7. 7. 2016-2017 STATE AID SUMMARY Amount Dollar Change from 2015-2016 • Adjustment Aid $410,720 $0 • Special Education Categorical Aid $346,767 $3,808 • Transportation Aid $272,578 -$76 • Security Aid $ 86,030 $1,195 • PARCC Readiness Aid $ 5,670 $0 • Per Pupil Growth Aid $ 5,670 $0 • Prof. Learning Community Aid $ 5,510 $5,510 • OVERALL CHANGE IN AID $10,437
  8. 8. Enrollment & State Aid  District Enrollments as of October, includes out-of-district placements: • October 2015: 563 • October 2014: 569 • October 2013: 577 • October 2012: 610.5 • October 2011: 605 • October 2010: 607 • October 2009: 642  State Aid over the last seven years: • 2016-2017: $1,132,945 • 2015-2016: $1,122,508 • 2014-2015: $1,122,508 • 2013-2014: $1,111,168 • 2012-2013: $1,091,720 • 2011-2012: $1,070,237 • 2010-2011: $ 960,086 Budget Overview 2016-2017
  9. 9. 2016-2017 STATE AID SUMMARY (Under the New Jersey School Funding Reform Act of 2008) Amount Dollar Change from Actual • Adjustment Aid $636,607 $225,887 • Special Education Categorical Aid $451,768 $105,001 • Transportation Aid $270,490 -$2,088 • Security Aid $118,975 $32,945 • PARCC Readiness Aid $ 5,670 $0 • Per Pupil Growth Aid $ 5,670 $0 • Prof. Learning Community Aid $ 5,510 $0 • OVERALL CHANGE IN AID $361,745
  10. 10. Historical Trend of Tax Impact School Year Total Tax Rate School Tax Rate % of Total Tax Assessed Value 2015-16 2014-15 2013-14 2012-13 2011-12 2.974 2.846 2.788 4.176 3.785 1.272 1.185 1.090 1.705 1.504 42.8% 41.6% 39.1% 40.8% 39.7% $764,471,237 $815,198,987 $872,335,585 $569,096,803 $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
  11. 11. Your 2015 General Tax Breakdown Tax % Rate County .633 21.28% Co. Library .048 1.61% Open Space .042 1.41% Dist. School 1.272 42.77% Local .979 32.93% Total $2.974 100% County Library Open Sp. School Local Budget Overview 2016-2017
  12. 12. School Tax Calculation
  13. 13. RATABLES • If ratables remained the same as in 2015, the overall impact would have been a .009 cent increase on the school year. ($1.272 to $1.281) • But, with the decrease in ratables of $1,536,569 the overall impact is a RATE increase of 1.1 cents. There is an average tax increase of $21.36 for the home assessed at $161,658 for the 2016-2017 school year. Budget Overview 2016-2017
  14. 14. Budget Highlights 2016-2017 • Maintain Full Day Kindergarten. • Maintain class size within State recommended levels in grades kindergarten through eight as per NJQSAC. • Maintain and increase 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 11%. • Rx plan increase of 11%. • Dental plan increase of 3%. • Increase on Property/Liability and Workers Compensation insurance. • 100% PERS obligation estimated in the amount of $158,944. • Increases in special education tuition and associated costs. • Continue to provide courtesy bussing and account for additional bussing costs for students. • Continue to provide maintenance in both buildings above what is required as per N.J.A.C. 6:24. • Maintenance and Capital Reserve deposits in the amount of $25,000 each. Budget Overview 2016-2017
  15. 15. District Wide Cost Savings Measures • Township provides at no cost: water/sewer, trash removal/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 – Telecommunications-ACT Program – Federal E-rate telecommunications – New Jersey Digital Readiness for Learning & Assessment Project (DRLAP) through the Middlesex Regional Educational Services Commission. – Services provided to Clearview Regional 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. BOARD & PUBLIC COMMENTS Budget Overview 2016-2017

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