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Proposed 2010-2011 School Budget

Proposed 2010-2011 School Budget. Rockaway Borough Board of Education. How we created the budget. Budget Creation In October the Business Administrator sends a timeline to the staff advising them when the budget requests are due.

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Proposed 2010-2011 School Budget

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  1. Proposed2010-2011 School Budget Rockaway Borough Board of Education

  2. How we created the budget Budget Creation • In October the Business Administrator sends a timeline to the staff advising them when the budget requests are due. • The Superintendent and Business Administrator prioritize requests and remove those not educationally or fiscally responsible. • The individual requests account for less than 10% of the budget. The remaining 90% consists of fixed costs, such as salaries, utilities, insurance, lease payments, etc. • The Superintendent and Business Administrator submit a preliminary budget to the Board by the first Board Meeting in January. Rockaway Borough Budget - First Edition • The First Edition of the budget was going to include a 3% tax increase. • After all numbers were complied the budget was more than $818,000 over the 3% tax increase goal. • Superintendent and Business Administrator make preliminary deductions. • Budget presented to the Board in January 2010.

  3. How we created the budget Rockaway Borough Budget Second Edition The Second Edition of the budget was going to include a 3% tax increase In order to make this possible. After all numbers were complied the budget was still $419,272 over the 3% tax increase goal. Additional reductions were discussed. Budget presented to the Board in January 2010. The Business Administrator prepares the new budget including/subtracting things discussed at the Board Meeting.

  4. How we created the budget • Rockaway Borough Budget • Third Edition • The County Business Administrator instructed Morris County School Districts to anticipate a 15% reduction in State Aid. This would equal roughly a $100,000 reduction. • The Board discussed increasing the tax levy to 4%. • Superintendent and Business Administrator go behind closed doors to discuss additional reductions.

  5. How we created the budget • Rockaway Borough Budget • Fourth Edition On March 17, six days before the preliminary budget is due to the County Office, State Aid notices are released. Rockaway Borough lost $362,736 or 58% of State Aid.

  6. How we created the budget Rockaway Borough Budget Final Edition The final edition was approved by the Board on March 25.

  7. How did we get here? • S1701 – Legislation that limits how a school district can increase their budget. • Zero tax levy - Increase in the 09-10 school year. • Health Insurance - Rockaway Borough Board of Education sees a $140,000 increase in benefit costs. • Increase in Special Education – Expenses increase by $150,000.

  8. Special Revenue Fund PUBLIC NON TOTAL PUBLIC FEDERAL AID: No Child Left Behind 40,722 20,436 61,158 IDEIA Part B 77,903 18,274 96,177 STATE AID: Nonpublic Aid 241,875 241,875 118,625 280,585 399,210

  9. How Do We Pay For The School Budget?

  10. SCHOOL BUDGET COMPARISON 2009/2010 Proposed APPROPRIATION CATEGORY: Budget2010/2011 Special Revenue Fund 419,257 399,210 General Fund 7,263,4407,293,438 Total7,682,697 7,692,648 2009/2010 Proposed REVENUE CATEGORY: Budget2010/2011 Federal & State Grants 419,257 399,210 Tuition 49,000 35,150 State Aid 678,759 291,241 Surplus – General Fund 80,960 100,000 Withdrawal From Capital Reserve 0 90,000 Miscellaneous Revenue 10,010 10,100 Local Tax Levy – General Fund 6,444,711 6,766,947 7,682,697 7,692,648

  11. General Fund Breakdown Presented by: Patrick Tierney, Ed.D. Superintendent of Schools/ Principal

  12. General Fund Breakdown

  13. General Fund Breakdown

  14. General Fund Breakdown

  15. General Fund Breakdown

  16. General Fund Breakdown

  17. General Fund Breakdown

  18. General Fund Breakdown

  19. 2010-2011 Budget Reductions

  20. 2010-2011 Budget Reductions

  21. 2010-2011 Budget Reductions

  22. 2010-2011 Budget Reductions

  23. 2010-2011 Budget Reductions

  24. 2010-2011 Budget Reductions Total Budget Reduction= $1,159,132

  25. On April 20th We Are Asking You to Vote on the Following Question: RESOLVED, that there should be raised for general funds $6,766,947 for the ensuing school year (2010/2011). If approved, the school budget will increase taxes by approximately $117.33for the 2010/2011 school year on a house assessed at $300,000.

  26. So What Is The Bottom Line? THE AMOUNT OF TAX DOLLARS REQUESTED FROM ROCKAWAY BOROUGH TAXPAYERS FOR GENERAL FUNDS IS $6,766,947.

  27. Allowable /Actual Increases Maximum Allowable Tax Levy Increase: Allowable by Law 4.00% Waiver allows us to exceed CAP by the amount of aid we lost $362,736 (9.6%) Tax Increase: Allowable at 5.00% $117.33

  28. Enrollment Figures

  29. V O T E TUESDAY APRIL 20 THOMAS JEFFERSON SCHOOL 2 PM – 9 PM

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