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HARDING TOWNSHIP SCHOOL DISTRICT

HARDING TOWNSHIP SCHOOL DISTRICT. 2014-2015 Tentative Budget. Dr. Alex Anemone, Superintendent Dr. Dennis Frohnapfel , Interim Business Administrator March 3, 2014. BOARD OF EDUCATION. Mr. Dev Modi - President Mr. John Flynn - Vice President Mr. Jim Novotny Mrs. Kim Macaulay

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HARDING TOWNSHIP SCHOOL DISTRICT

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  1. HARDING TOWNSHIP SCHOOL DISTRICT 2014-2015 Tentative Budget Dr. Alex Anemone, Superintendent Dr. Dennis Frohnapfel, Interim Business Administrator March 3, 2014

  2. BOARD OF EDUCATION Mr. Dev Modi- President Mr. John Flynn - Vice President Mr. Jim Novotny Mrs. Kim Macaulay Mr. Davor Gjivoje

  3. Budget Process and Timeline • Fall 2013 – Administrative team identifies budgetary needs for 2014-2015 budget. • Fall 2013 – Budget Guidelines crafted • 12/2/13 – Preliminary Budget Presentation I • 1/20/14 – Preliminary Budget Presentation II • 2/25/14 – Gov. Christie Budget Address • 2/27/14 – State Aid figures released • 3/3/14 – Tentative Budget • 3/20/14 – Tentative Budget submitted to ECS. • 5/5/14 – Public Hearing on the Budget

  4. PROPOSED 2014-2015 BUDGET Maintains conservative fiscal practices, easing the burden on taxpayers. Provides financial resources that support our district goal(s). Strong focus on core academic mission while maintaining emphasis on social-emotional learning, co-curricular activities as well as capital needs. When actual financial figures are not available, estimates are used. (HTEA, MPS, OOD, etc.)

  5. 2014-2015 BUDGET GUIDELINES Continue to fund all programs and services…working within the confines of the property tax levy cap. Protect free balance at a maximum level permitted by State law. Maintain staffing configuration. Continue to be conservative in the expenditures of public moneys.

  6. 2014-2015 BUDGET GUIDELINES Allocates funds for: Technology Plan Capital Improvements (LRFP) Local Professional Development Plan (LPDC) Develop a prudent budget that is aligned with the district’s instructional priorities, addresses the needs of all our students and allocates sufficient funds to ensure professional development for staff.

  7. 2014-2015 BUDGET GUIDELINES Continue to ensure that the financial planning process is integrated and aligned with the district priorities and includes planning objectives based on statewide assessments and the 2013-2018 Strategic Plan. Derive budget expenditures from supplier quotations, official data and actual expenditures from previous years.

  8. Non-Discretionary Expenses Projected increases: Salaries +1.5% Health Benefits +22% Part of this increase is directly related to implementation of the Affordable Care Act (ACA). Prescription +5% Special Education Out of District tuition +6% Transportation +2% Utilities/Maintenance overtime

  9. Budget Highlights Maintains staffing configuration (two sections per grade) and all co-curricular activities. Math in Focus (Singapore Math) - grades K-5. Money budgeted for staff professional development and curriculum writing. Ongoing costs associated with Achieve NJ, TEACH-NJ, ABR implementation, Janet’s Law, transition to PARCC and the Common Core State Standards. (unfunded mandates)

  10. Budget Highlights (cont’d) Measures of Academic Progress: grades 2-8. Otis Lennon School Ability Test: grade 3. Smartboard replacement cycle plus other technology improvements including new computers in L/MC lab. Meets all 2014-2015 Budget Guidelines as crafted by the Facilities and Finance Committee and adopted by the Board of Education.

  11. REVENUE HISTORY • State Aid • 2009-2010 ~$360,000 • 2010-2011 $0 • 2011-2012 $181,191 • 2012-2013 $225,137 • 2013-2014 $225,137 • 2014-2015 $233,677 Tax Levy 1997-2011 (average) 6.01% increase 2011-2012 1.96% increase 2012-2013 1.78% increase 2013-2014 1.50% increase 2014-2015 2.81% increase

  12. REVENUE HISTORYTax Levy % Increase

  13. REVENUE HISTORYState Aid

  14. Capital Projects Elementary School Windows and Unit-Ventilators. Under the ROD (Regular Operating District) Grant, the State will pay for 40% of this project. The BOE local share is 60%. (summer 2014) Additional security measures (tbd).

  15. 2014-2015 Budget • Operating Budget = $10,254,751 • Increase of $232,739 or 2.32% • Total Budget = $10,846,024 • Increase of $213,624 or 2.01% • Tax Levy Increase = 2.81% • Includes Health Care Adjustment of $18,226 • Includes Banked Cap from 2011-2012 of $54,523

  16. Budget Efficiencies Budgeted excess surplus of $274,561. This represents an increase of $99,671 or 56.99%. Slight increase in state aid +$8,540. This represents an increase of 3.79% in Categorical State Aid. High quality Integrated Pre-K Program (ongoing). Legislated increases in staff members paying for health benefit premiums (Tier IV - up to 35% of premium). Continued shared services with Harding Township. Supply accounts. Tuition students (PK-8) included.

  17. Revenues

  18. Expenses – Fund 11

  19. Expenses - Funds 11, 12, 20, 40

  20. ESTIMATED Tax Information • 2014 Total Taxable Assessment =$2,027,888,710.00 • 2014 Average Residential Assessment =$1,196,734.56 • Current Tax Rate = 0.463 • Estimated Proposed Tax Rate = 0.475 • Estimated Difference = 0.012 +2.53% increase

  21. Budget Vote and Election In 2012, Gov. Christie signed legislation that eliminated the need for a public vote on the school budget if the budget remains at or below the two percent tax levy cap, including use of banked cap. On February 13, 2012, the Harding Township BOE adopted a resolution to move the annual school election from April to November beginning in 2012. Since the proposed 2014-2015 HTS budget is within the cap (including banked cap and health care adjustment) it will not be on the ballot in November. To comply with new NJDOE regulations, the Public Hearing on the budget has been moved to the May 5 BOE meeting. That meeting will begin at 7:30p.m. in the L/MC.

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