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Matawan-Aberdeen School Budget 2010-2011: Financial Integrity & Commitment to Student Achievement

Learn about the proposed school budget focusing on improving student achievement, maintaining programs, and financial integrity. Financial highlights, tax levy, enrollment, and cost reductions are detailed.

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Matawan-Aberdeen School Budget 2010-2011: Financial Integrity & Commitment to Student Achievement

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  1. MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT PROPOSED SCHOOL BUDGET 2010-2011 Dr. Richard O’Malley Superintendent Mrs. Susan Irons Business Administrator

  2. EDUCATIONAL OBJECTIVES • COMMITMENT TO IMPROVE STUDENT ACHIEVEMENT • MAINTAIN ALL EXISTING INSTRUCTIONAL PROGRAMS • ATTRACT & RETAIN THE MOST QUALIFIED PERSONNEL • MAINTAIN CLASS SIZES AT OR BELOW STATE AVERAGE • PROVIDE A SAFE AND SECURE LEARNING ENVIRONMENT • COMMITMENT TO EFFICIENCY IN SCHOOL OPERATIONS • CONTINUE TO INFUSE TECHNOLOGY INTO THE • INSTRUCTIONAL PROGRAMS • COMMITMENT TO FINANCIAL INTEGRITY

  3. EDUCATIONAL OBJECTIVES FINANCIAL HIGHLIGHTS • Tax levy at 2% or $876,037 • Operating budget DECREASED by 2.2% or $1,249,678 • Budget introduced is $1,818,351 less than 2009-2010 budget • State Aid Revenues DECREASED by $1,710,066 or 13% • Increases to fixed cost are included for: Salaries, Insurance & Tuition • Comparative costs per pupil are lowest in four years • Administrative costs are lowest in three years and well below state and regional legal limits

  4. ENROLLMENT

  5. ADMINISTRATIVE COSTS

  6. HOW SCHOOL TAX IS DETERMINED Total Budget $61,000,934 (Less Special Revenue & Debt Service) $ 3,828,976 Total General Fund Budget $57,171,958 Less Anticipated Revenues: -State Aid (13% reduction) $11, 636,339 -Miscellaneous $ 289,000 -Budgeted Fund Balance $ ? PROPOSED GENERAL FUND TAX LEVY $44,677,896 The proposed 2010-2011 tax levy is a 2% increase over last year’s levy.

  7. TAX LEVY CAP 2009-2010 Current Tax Levy $43,801,859 PRPOSED 2010-2011 2% General Fund tax levy cap $44,677,896 Increase of $876,037 2010-2011 Permitted tax levy (4%) $45,797,537 This is a 2% increase in the tax levy from the 2009-2010 school budget.

  8. PER PUPIL COSTS

  9. WHAT WAS REDUCED • $2,751,480 Salaries (Loss of 37 jobs) 32 layoffs 5 retirements not replaced • $32,708 Salaries (Loss of 1 Lunch Aide per school) • $500,000 Privatize custodial staff (Loss of 36 jobs/Savings of $700,000 in second year) TOTAL loss of jobs in District 78 Employees • $773,681 Health benefits waiver (2 months) • $200,000 ARRA funds • $111,860 Technology • $200,000 Emergency Reserve • $100,000 Retirement breakage • $32,270 Stipends for clubs and athletics • $55,000 Bus • $30,000 Tuition • $50,000 Work Study Program • $40,000 Curriculum Writing • $25,000 Overtime • $123,200 Supplies/Misc expenditures • $61,185 Workshops • $62,500 CST services/supplies • $25,000 NWEA (NCLB) • $50,800 Summer School • $40,000 Elimination of RTI TOTAL REDUCTIONS $5,264,684

  10. WHAT IS INCLUDED • SPECIAL EDUCATION PROGRAMS • FULL DAY KINDERGARTEN • ACADEMIES • HS/MS PRODUCTIONS • TUTORIALS • TECHNOLOGY (Prom. Boards, replacement computers) • ABERDEEN POLICE RESOURCE OFFICER • TEXTBOOKS • TRANSPORTATION/LATE BUSSES • ATHLETIC/CLUBS/INTRAMURAL PROGRAMS

  11. TAX LEVY HISTORY TAX LEVY HISTORY 2.3%

  12. TAX IMPACT ABERDEEN TOWNSHIP Projected Tax Increase House assessed at $282,355 would pay $19.77 more per year or $1.48 a month or $0.05 a day MATAWAN BOROUGH Projected Tax Increase House assessed at $347,473 would pay $52.38 more per year or $4.37 a month or $0.15 a day

  13. 2010-2011 BUDGET TIMELINE February 22, 2010 Board of Education begin to finalize 2010-2011 budget March 1, 2010 Meet with MC Executive County Superintendent to review preliminary budget March 1, 2010 Nominating petitions filed for school board seats March 8, 2010 COW (Action) Submit preliminary budget to County March 10, 2010 Drawing of names for school board candidates March 16, 2010 Governor Christie’s Budget Message March 18, 2010 State Aid numbers are released March 22, 2010 Public Hearing on 2010-2011 school budget (Action) April 20, 2010 School board/budget election (1:00 p.m.-9:00 p.m.)

  14. Matawan-Aberdeen Public Education: ►Good for Matawan-Aberdeen’s children ►Good for Matawan-Aberdeen’s property owners ►Good for Matawan-Aberdeen! Remember to vote on April 20th!

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