1 / 20

MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT PRELIMINARY BUDGET 2009-2010 PHASE I

MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT PRELIMINARY BUDGET 2009-2010 PHASE I. BUILDING THE BUDGET. Develop an educational plan to maintain and some expansion to programs Provide additional learning opportunities -athletics and clubs Meet State mandates Meet contractual obligations

sasha
Download Presentation

MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT PRELIMINARY BUDGET 2009-2010 PHASE I

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. MATAWAN-ABERDEENREGIONAL SCHOOL DISTRICTPRELIMINARY BUDGET2009-2010PHASE I

  2. BUILDING THE BUDGET • Develop an educational plan to maintain and some expansion to programs • Provide additional learning opportunities -athletics and clubs • Meet State mandates • Meet contractual obligations • Ensure safe and secure learning environment through efficient and well-maintained facilities • Meet voter approved debt service obligations

  3. COMPONENTS OF THE BUDGET • Personnel • Benefits • Special Education • Curriculum technology • Utilities • Transportation • Debt service • Operations and maintenance

  4. APPROPRIATIONS2008-2009 • Fund 10 (Operating Budget) $59,055,389 • Fund 20 (Grants) $ 1,299,580 • Fund 40 (Debt Service) $ 2,501,045 • TOTAL BUDGET $62,856,014

  5. Salaries • Salaries increased due to contractual obligations. • The district has a contract with the MRTA which represents the Teachers, Custodians, Clerical staff and Bus Drivers and MRAA which represents the administrators. There are 16 non-affiliated employees.

  6. 2008-2009 Salaries Increases/ • Staffing of 546 full-time and 33 part-time employees (Decreases) Includes: • Continuation of current staff levels $35,957,833 $1,438,313 • 1 new full-time special education teacher $ 50,000 • 1 new full-time special education aide $ 20,000 Additional Components: • Summer School $ 73,925 $ (5,925) • Athletic salaries $517,969 $ (10,641) • Non-Athletic salaries $383,618$ 25,985 Total Salary Costs $36,933,345 Total Increases/(Decreases) $1,517,732

  7. 2008-2009 Health Benefits • Benefits have increased due to an increase in cost of the State Health Benefits Plan. • NJ Direct 10 premium increased approximately 7%. • Prescription premiums increased 2% The increase in premiums is for January 1, 2009 through December 31, 2009. • Tuition reimbursements increased by $10,000 or 13% which also represents a contractual obligation. • Members of the MRAA and non-bargaining unit employees contribute 1% of their salaries towards premiums.

  8. 2008-2009 Health Benefits Increases/ • 546 Eligible Employees2008-2009(Decreases) - Medical Coverage - NJ Direct 10 $4,514,324 $ 316,002 - Dental Coverage $ 711,353 ($ 9,818) - Prescription $1,493,180 $ 29,863 Total Health Benefits Cost $6,718,857 Total Increases/(Decreases) $336,047

  9. 2008-2009 Other Benefits Increases/ • 579 employees2008-2009(Decreases) - Social Security Contributions $ 946,525 $ (9,465) - PERS Contributions $ 708,059 $ 21,941 - Unemployment Compensation $ 85,000 $ 5,000 - Workers Compensation $ 597,000 $ (25,000) - Tuition Reimbursement $ 85,000 $ 10,000 - Optical Reimbursement $ 50,000 $ 0 - Opt-Out Payments $ 146,610 $ 0 - Sick/Vacation/Sabbatical $ 118,000 $ 0 Total Other Benefit Costs $2,736,194 Total Increases/(Decreases) $ 2, 476

  10. Transportation • MARSD Transportation Department serves a total of 3,840 students • Provides transportation services to 2,648 students including Public, Non-public and Special Education students. • Subscription bussing generates approximately $82,000 in revenue. • The district maintains (14) 54-passenger buses, (5) 24-passenger buses, (2) 16-passenger buses, (1) 6-passenger van and (1) equipment truck. • The transportation department has 19 f/t bus drivers, 3 p/t bus drivers, 1 f/t bus aide, 5 p/t bus aides, 1 f/t secretary, 1 f/t dispatcher, 1 f/t coordinator as well as substitutes. • Purchase of 1 Minivan for Special Education routes for $21,000. This will provide the district with a cost savings of $4,615.40 in the first year in lieu of contractual bussing.

  11. Transportation Increase/ 2008-2009(Decrease) - Fuel $ 117,900 $ 5,825 - Contracted Services $1,157,855 ($ 221,655) - Maintenance/Service $ 100,650 $ 6,290 - Aid in Lieu $ 115,965 $ 0 - Insurance $ 65,102 $ 9,898 Total Transportation Costs $1,557,472 Total Increase/(Decrease) ($ 199,642)

  12. Utilities • Utility payments are required for the district’s operation. • Natural Gas • Electricity • Telecommunications • Water/Sewer

  13. Utilities Budgeted Projected Increase/ %Increase/ 2008-20092009-2010(Decrease)(Decrease) W/S $359,100 $ 362,691 $ 3,591 1% N/G $693,000 $ 699,930 $ 6,930 1% Elect $735,000 $ 742,350 $ 7,350 1% Tele $171,720 $ 163,148 ($ 8,572) -4.99% $1,958,820$1,968,119 $ 9,299 0.47%

  14. Operations & Maintenance Increase/ 2008-2009(Decrease) • Building Maintenance $ 243,700 ($ 30,000) - Includes Alarm Incident, Boiler Upkeep Fire Suppression Systems, HVAC • Cleaning, Repair & Maintenance $ 417,638 ($ 36,356) - Includes Turf Field/Track/Lights Lease, Lawn Mowing, Snow Plowing, Playground • Custodial Supplies – All Buildings $ 100,000 $ 4,975 • Trash/Recycling $ 48,500 ($ 10,000) • Gasoline – O & M Vehicles $ 9,000 500 Total O & M Costs $ 818,838 Total Increase/(Decrease) $(70,881)

  15. Debt Service • Includes Principal and Interest payments that are mandated after a vote by the taxpayers. • Debt service payments decreased $1,977 in the 2009/2010 budget. This is due to the obligations being paid down by the district. • The 2009/2010 payment amount is $2,499,068 while the 2008/2009 budgeted amount for Debt Service was $2,501,045.

  16. Total Debt Service

  17. Recap • Statutory, Mandatory & Required Expenses. Increase/ 2008-2009(Decrease) - Salaries $36,933,345 $1,517,732 - Health Benefits $ 6,718,857 $ 336,047 - Other Benefits $ 2,736,194 $ 2,476 - Transportation $ 1,557,472 ($ 199,642) - Utilities $ 1,958,820 $ 9,299 - Debt Service $ 2,501,045 ($ 1,977) - Operations & Maintenance $ 818,838 ($ 70,881) Total Costs $53,224,571 Total Increase/(Decrease) $1,593,054 • These expenditures represent 90% of the budget

  18. REVENUES2008/09 V.S. 2009/10 2008/09 Local Tax Levy $43,826,599 Budgeted Fund Balance $ 1,292,837 State Aid $13, 326,405 Misc. Revenue $ 609,548 Fund 10 $ 59,055,389 Grants $ 1,299,580 Debt Service $ 2,501,045 $62,856,014 2009/10 Local Tax Levy $43,826,599 Budgeted Fund Balance $ 405,500 State Aid $13, 326,405 Misc. Revenue $ 609,548 Fund 10 $ 58,168,052 Grants $ 1,299,580 Debt Service $ 2,499,068 $61,966,700 Budgeted fund balance decreased by $887,337 This is a revenue deficit.

  19. Budget Concern 2008-2009 Operating budget $59,055,389 2009-2010 Est. appropriation increases $ 1,623,054 Total 2009-2010 operating budget $60,678,443 2009-2010 Est. Revenues $58,168,052 Difference Revenue shortfall (06-’07 budget) $887,337 Appropriation increases (’09-’10) $1,623,054 TOTAL $ 2,510,391

  20. BUDGET CONCERNS MOVING FORWARD • State aid level • Revenue deficit • Contractual appropriations • Lack of reserves

More Related