1 / 25

FINDING BALANCE 2010 – 2011 Mendham Schools Budget

FINDING BALANCE 2010 – 2011 Mendham Schools Budget. Dr. Janie Edmonds Mrs. Donna Palmiere Mendham Borough Board of Education March 26, 2010. This will take the whole village. Saving Our Schools. The school budget is the financial plan to support the district’s educational goals.

elkan
Download Presentation

FINDING BALANCE 2010 – 2011 Mendham Schools Budget

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FINDING BALANCE2010 – 2011Mendham Schools Budget Dr. Janie Edmonds Mrs. Donna Palmiere Mendham Borough Board of Education March 26, 2010

  2. This will take the whole village. Saving Our Schools.

  3. The school budget is the financial plan to support the district’s educational goals.

  4. A rushed timetable for big changes • January & February: County warnings to prepare for the worst: a 5 to 15% reduction in state aid, as much as $56,000 here • Tuesday, March 2: Commissioner’s assurance to stay close to prior state aid allotments • Late Wednesday, March 17: Notification: Governor’s action removed 100% of state aid to MB, $373,000 • Monday, March 22: Budget due to County • Tuesday, March 23: Board of Education meeting to approve forwarding budget to county • Friday, March 26: County returns budget with any required changes; Board of Education meets for final approval.

  5. State-induced fiscal crisisMarch 17, 2010 Reduction of State Aid ($372,893) Programs, services and personnel must be reduced for the 2010-2011 school year

  6. District response to fiscal crisis FOCUS ON: • Maintaining small class sizes • Retaining programs • Reducing without removing • Winning community participation • Seeking LARGE voter turn-out Parents’ votes will determine the outcome.

  7. REVENUE SOURCES 09-10 10-11 CHANGE LOCAL TAX LEVY $8,516,489 $8,857,149 $340,660 MISC REVENUES (Tuition, $72,000 $82,200 $10,200 Building Rentals, Interest, E-Rate) BUDGETED FUND BALANCE $169,000 $150,000 ($19,000) CAPITAL RESERVE $100,181 $100,000 ($181) STATE AID $372,893 0 ($372,893) EXTRAORDINARY AID $12,000 0 ($12,000) FEDERAL AID (ARRA, IDEA, NCLB) $357,118 $128,850 ($228,268) OTHER RESTRICTED AID $118,742 $64,188 ($54,554) DEBT SERVICE $914,513 $916,656 $2,143 TOTAL REVENUE $10,632,936$10,299,043($333,893)

  8. $100,000 BUDGETED CAPITAL RESERVE MAY ONLY BE USED TO IMPLEMENT CAPITAL PROJECTS IN THE SCHOOL DISTRICT’S LONG RANGE FACILITY PLAN AS REQUIRED PURSUANT TO N.J.S.A. 18A:7G-4(a) and N.J.A.C. 6A:26-2 A district board of education is prohibited from using the funds in such capital reserve account for current expenses, pursuant to N.J.S.A. 18A:22-8.2 NO EFFECT ON TAX LEVY

  9. 2010-2011 REVENUE WHERE DOES THE MONEY COME FROM? 2009-2010 REVENUE

  10. SUMMARY OF EXPENSES

  11. CHANGE IN EXPENSES

  12. 2010-2011 SALARIES

  13. WHAT MAKES UP ADMINISTRATIVE COSTS? • Salaries & Benefits ( Sup’t, BA, Principals, Secretaries) • Legal Fees, Auditor Fees, Architect/ Engineer Fees • Communications & Postage • Board of Education & Admin Staff Dues/Training/Fees • Copier Leases • Insurance (Liability & Bond) • Advertising • Training/Workshops • Supplies • Election Expense 2010-2011 MB ADMIN COST PER PUPIL $1819 REGIONAL LIMIT $1875

  14. WHAT’S LEFT FOR EVERYTHING ELSE?5% • Textbooks/library books • Staff Training • Curriculum supplies • Related Arts materials • Administrative fees: phone system, auditor, legal fees • Health supplies • etc.

  15. REDUCTIONS: SpecialEducation • All Special Education Aides become part-time$53,000 • Child Study Team staff reductions $25,000 $78,000 • Administration • Admin/Supervisor TBD$21,000 • 2 Secretaries from full-time to part-time$50,300 • 2 Building Aides $18,900 • $90,200

  16. REDUCTIONS: continued 1.6 Full-Time Equivalent Teachers $92,300 No additional Mandarin students TBD Instruction • Extracurricular • Athletics, clubs, overnight field trips, musical $100,000

  17. REDUCTIONS: continued General Professional Development $38,600 Supplies $93,000 • Maintenance • Part-time Custodian $10,000 Total Reductions $502,100

  18. Cost Savings • New Extended School Year – Pre-K & K • Pre-K program growing; tuition • Dean of Students will teach Geometry • Increased student activity fees will offset some costs • Fiber Optics will increase efficiency • Fourth-year hardware lease cycle spreads costs • Rental of buildings and grounds • Use of maintenance reserve

  19. Cost Savings (continued) • Performing all possible maintenance in-house • Locking in the best rates for services • Finding heat and electrical efficiencies • Participating in cooperative-bid purchase and service • Getting competitive bids • Investigating shared services • Applying for more grants

  20. GENERAL FUND BUDGET • 2009/2010 BUDGET $9,242,563 • 2010/2011 BUDGET $9,189,349 • DOLLAR DECREASE ($53,214) • PERCENT DECREASE (.6%) REVENUES DECREASE AND FIXED EXPENSES CONTINUE TO INCREASE

  21. TOTAL BUDGET • 2009/2010 BUDGET $10,632,936 • 2010/2011 BUDGET $10,299,043 • DOLLAR DECREASE ($333,893) • PERCENT DECREASE (3.24%) REVENUES DECREASE AND FIXED EXPENSES CONTINUE TO INCREASE

  22. HOME OWNER TAX INCREASE ASSESSED PROPERTY VALUE x .00741= TOTAL TAX FOR THE AVERAGE HOUSE VALUE OF $707,336 THE INCREASE WOULD BE $125 PER YEAR OR $10.42 PER MONTH

  23. Find short-term efficiencies for ‘10-11 Find long-term efficiencies for the future Earn more revenue Use pay-to-play to meet residual needs More revenue Revise building fees Consider tuition sources Gently remember surplus How can we fund extracurricular activities?

  24. YOU can help • Please bring other voters with you when you vote (preK parents, new voters…). • Please get an absentee ballot if you might be away. • Please join us at meetings and stay informed. (www.mendhamboro.org) • Please sign up for the weekly bulletin. • Please call if you hear something that you want to talk about or that we should know. • WATCH FOR: http://www.state.nj.us/njded/guide/2010/k-8.pdf for 2009 state comparative spending information

  25. Please Vote: Tuesday, April 20 Mendham Borough Fire House 7:00 A.M. – 9:00 P.M. Please take time to vote. THANK YOU for all you do!

More Related