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Penns Grove-Carneys Point Regional School District

Penns Grove-Carneys Point Regional School District. 2014-2015 Budget Presentation May 5, 2014. BUDGET GOALS. Enhance the quality of programs for successful learning for students based on the Elementary and Secondary Education Act.

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Penns Grove-Carneys Point Regional School District

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  1. Penns Grove-Carneys Point Regional School District 2014-2015 Budget Presentation May 5, 2014

  2. BUDGET GOALS • Enhance the quality of programs for successful learning for students based on the Elementary and Secondary Education Act. • Common Core Standards, State Assessment, Transition to Partnership for Assessment of Readiness for College and Careers (PARCC), MAP • Graduation Rate, College and Career Readiness • Continued Support of the New Jersey Evaluation Platforms. • Teachers • Administrators • Professional Development • Maintenance of Facilities to Enhance the Safety • and Learning Environment of Staff and Students.

  3. SOURCES OF REVENUE2014-2015 BUDGET • Unrestricted State Aid – Operating Budget • Categorical/Equalization Aid $21,328,565 • Restricted State Aid – Grants & Entitlements • Preschool Education Aid $ 866,970 • Federal Grant Funds • IDEA (100% anticipated) $ 541,416 • NCLB (90% anticipated) $ 1,625,362 • Race to the Top (Year 4) $ 39,318 • Perkins (90% anticipated) $ 12,422 • Debt Service Aid – Repayment of Debt • (47.86 % of debt requirement) $ 505,736 • Other Revenues • Misc. (Interest, Rent, Gate Receipts) $ 93,944 • Tuition/Transportation $ 1,037,600 • Extraordinary Aid $ 210,000 • SEMI (Medicaid Reimbursement) $ 54,638

  4. MAJOR COST IMPACTORS2014-2015 BUDGET • Utilities - (Gas, Electric, Phones, Water & Sewer) 6 Buildings – 427,606 sq. ft. of space - $859,301 • Employee Benefit Cost(Social Security, Health/ Prescription Coverage, Pension Contribution, Unused Sick Time and Tuition Reimbursement) - $5,522,210 • Property, Liability and Worker’s Compensation Insurance premiums • -$599,566

  5. MAJOR COST IMPACTORS2014-2015 BUDGET • Transportation cost - $1,921,055 • To/From School – Regular $ 1,005,829 • To/From School – Special ED $ 743,374 • Co-Curricular/Athletics/Extra Runs $ 80,500 • Non-Public/Choice $ 29,350 • Other $ 62,002 • Tuition to other Schools - $2,636,075 • Regular Ed (Alternative HS/MS) $ 72,748 • Special Ed $1,755,666 • Special Ed (IDEA Funds) $ 541,416 • State Facilities $ 119,245 • SCVTS Regular $ 147,000

  6. DISCRETIONARY VS. FIXED EXPENSES DISCRETIONARY EXPENSES Facility Repairs, Maint. & Supplies $ 573,650 2% Instructional Supplies & Materials 3,118,923 8% TOTAL DISCRETIONARY $ 3,692,573 10% FIXED EXPENSES Salaries and Benefits $27,318,624 71% Out of District Instruction 2,636,075 7% Transportation 1,921,055 5% Utilities/Insurance/Prof . Serv. 1,610,367 4% Debt Service 1,055,665 3% TOTAL FIXED $34,541,786 90% TOTAL 2014-2015 BUDGET $38,234,359 100%

  7. 2014-2015 REVENUES

  8. 2014-2015APPROPRIATIONS

  9. 2014-2015 STAFFING • High School • Security Aide • Coordinator of School Counseling

  10. REQUIRED ANNUAL MAINTENANCE Recurring maintenance/ground parts and supplies costs and contracted services are approximately $402,000. Custodial Supplies are approximately $138,150. Accountability Regulations require a work order system to track all maintenance work orders and cost of repair. • Under Educational Facilities Construction and Financing Act (EFCFA), schools must budget a minimum dollar amount to maintain their school facilities. Appropriate the minimum dollar amount based on calculation within your budget or put into Capital Reserve. • PG-CP must budget a minimum of $122,295 in accordance with the above regulation. • 6 Buildings – 427,606 sq. ft./65 Acres

  11. COMPREHENSIVE MAINTENANCE PLAN ALLSCHOOLS • Repair and localize replacements of system components. Refinishing of interior floors and walls. • Localized repair and maintenance of domestic water supply systems, plumbing fixtures and boilers. • Inspection and repair of windows doors and roofs. • Periodic inspection, testing services on HVAC and power supply systems.

  12. COMPREHENSIVE MAINTENANCE PLAN(cont.)

  13. COST SAVING INITIATIVES • Group purchasing through Consortiums • copy paper, natural gas, electric (ACES), custodial supplies, food service items, transportation service cooperative, telecommunications (ACT) • Participation in Smart Start Program – reimbursement for energy efficiency items • Member of Joint Insurance Fund (JIF) • Shared Service with Other School Districts – • Transportation • (Internet Hub)

  14. Bottom Line TAX RATE EFFECT

  15. SCHOOL TAX DECREASE CALCULATION

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