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GARWOOD BOARD OF EDUCATION

Overview of the proposed budget for Garwood Board of Education, highlighting key figures, funding sources, budgetary allocations, instructional highlights, and budget efficiencies.

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GARWOOD BOARD OF EDUCATION

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  1. GARWOODBOARD OF EDUCATION Together Everyone Achieves More Annual Public Hearing on Proposed Budget for the 2017-2018 Fiscal Year May 2, 2017

  2. Introduced Budget GENERAL FUND BUDGET $ 8,363,629 (Increase of $36,334) SPECIAL REVENUE $125,045 ($4,659) DEBT SERVICE $519,850 $1,450

  3. Revenues

  4. SOURCE OF REVENUE

  5. State Aid • State Aid Flat – no increase (excluding Extraordinary Aid) • Assessment for SDA Grant payback

  6. Appropriations 2016-172017-18$ Change% Instruction $2,311,614 $2,336,393 $24,779 1.1% Tuition $2,669,846 $2,577,345 $(92,531) -3.5% Support Services $592,445 $607,391 $14,946 2.5% Administration $574,146 $588,916 $14,770 2.6% Facilities $694,773 $741,009 $46,236 6.7% Transportation $412,061 $376,675 $(35,386) -8.6% Benefits $1,072,380 $1,135,900 $63,520 5.9% TOTAL GF BUDGET $8,327,295 $8,363,629 $36,334 .4%

  7. Instructional Highlights • Continued alignment and mapping strategies for implementation of New Jersey Learning Standards • Restructuring of the basic skills program to better address the needs of our student population • IXL Program • Read 180 • Implementation of a three year cycle for middle school use of chrome books

  8. Budgetary Per Pupil Costs • The budgetary per pupil cost is considered the most comparable, most inclusive measure of comparison • Garwood’s 15-16 pp cost is the 6th lowest of the 75 K-8 districts with 0 – 400 students (16-17 data not yet available)

  9. Continuing Budget Efficiencies • Garwood Borough: Custodial Services, Solid Waste disposal, and snow plowing assistance • LEAs and Union County ESC: Special Education Services • Clark BOE and Union County ESC: transportation coordination • Purchasing Cooperatives: EdData and Middlesex Regional ESC, Energy purchasing through ACES • Insurance Cooperatives – State Health Plan, Workers Compensation and Property/Casualty coverages • Shared Business Administrator with Mountainside

  10. School Year Tax Impact OPERATING BUDGET tax levy is below Cap – up $142,617 or 1.9% NO USE OF Banked CAP – additional $243,223 was available

  11. Calendar Year Tax Impact

  12. 2017 Tax Impact on Home Value Assuming Home Assessment = $100,000 Total School Tax Levy = $4,338 Increase from Prior Year = $66

  13. Cost Growth in Excess of 2% tax levy cap Chapter 78 Health Benefits Contributions have Capped Out Future Considerations

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