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Harding Township School Tentative Budget Report

This tentative budget report outlines the priorities, projections, and funding for the 2018-2019 school year, including academic goals, operating expenses, revenue sources, and the impact on the local tax levy.

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Harding Township School Tentative Budget Report

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  1. Harding Township SchoolTentative Budget Report Matthew A. Spelker-Superintendent Mark Kenney-Interim Business Administrator March 19th, 2018

  2. Board of Education • Mr. Davor Gjivoje - President • Mr. John Flynn –Vice-President • Mrs. Kim Macaulay • Mr. Abi Singh • Mr. Richard Bruno

  3. 2017-2018 District Goals • To measure the academic progress of our students through the administration of district-wide assessments in Reading, Math Facts and Writing. • Begin the process of creating a five-year plan for the school district for 2019-2024 • Continue to implement the iReady assessment program in grades 2-5 in ELA and 2-8 in Math • The proposed 2018-2019 budget will support yet to be named goals for the 2018-2019 school year.

  4. 2018-2019 Operating Budget • The operating budget is: • A reflection of the community’s values (small class size, technology, co-curricular activities, facilities maintenance, etc.) • A consensus document – BOE, Administration, Parents, Staff, Community. • A statement, in financial terms, of the district’s educational priorities. • A management tool that projects and balances the district’s revenues and expenses.

  5. 2018-2019 Operating Budget • NOT developed by increasing each line by a certain percentage. • Projections are made up to 15 months in the future. For example, budget (revenues and expenses) estimates made in March 2018 will have to remain accurate until June 30, 2019! • Our budget has many line items that are increasing at a faster rate. These items include salaries, health benefits, and special education. These items “crowd out” other portions of the operating budget.

  6. Budget Process • Audit health benefits roster. (completed) • Principal – curriculum items. (completed) • Review CAFR, the 17/18 budget and plan ahead for 18/19 operating budget. (completed) • Refine and update position control roster. (completed) • Forecasting and budgeting for OOD placements for 2018-2019. (completed) • Refine revenue (tuition, federal grants) estimates for 2018-2019. (completed)

  7. Budget Process • Factors affecting the operating budget: • Maintaining small class size. • Continued technology upgrades. • Curriculum development and support. • Ongoing maintenance needs. • Student achievement. • Increases in health benefits premiums. • Enrollment - predicted to be flat. • Professional development and other unfunded mandates. • HTEA salary increases. +2.60% (as per CBA)

  8. Revenue • State aid $295,207 +23,000 • Tuition revenue $95,300 +5,300 • Budgeted fund balance $300,000 (-20,000) • Federal grants $136,974 +30,000 • Misc. revenue $30,000 n/c • Transportation fees $9,500 (-500) • Extraordinary Aid $191,000 (-9,000) • Building usage fees $9,000 n/c • Tier IV/health benefits contribution n/c

  9. State Aid • 2009-2010 $364,473 • 2010-2011 $0 • 2011-2012 $181,191 • 2012-2013 $225,137 • 2013-2014 $225,137 • 2014-2015 $233,677 • 2015-2016 $233,677 • 2016-2017 $238,834 • 2017-2018 $270,110 • 2018-2019 $295,207

  10. Budgeted Fund Balance + State Aid

  11. Expenses • HTEA salary increase +2.6% (as per CBA) • Health benefits premium increase • Out Of District special education tuition +3-5%, plus increase of 4 to 5 more Out Of District (OOD) placements. The estimated cost of these additional students will be $300,000 (aids and transportation costs) • Facilities improvements – E.S. bathroom renovation – five year lease/purchase. Capital improvement HVAC project planned for 2018 spring completion.

  12. The Tentative 2018-2019 Budget Includes Funding • Power School. • Honeywell Instant Alert. • T-Eval/Marshall Model. • I-Ready assessment program • Rubicon online curriculum tool • My Learning Plan. • My School Building/School Dude. • AESOP (staff attendance and substitute procedures). • Applitrack (human resources tool). • School Wires (website management). • Safe Schools (staff professional development). • CDK (accounting software). • Professional development and curriculum development. • Technology upgrades. • Capital improvements

  13. 2018-2019 Operating Budget • Limited by a +2.0% cap (plus allowable exemptions) on the local tax levy – NOT the total budget. • 2.0% increase to local tax levy will equal an increase of approximately 1.8% in the operating budget. This is due to the fact that approximately 90% of our budget funding derives from local property taxes.

  14. Local Tax Levy • 1997-2011 (average) +6.01% • 2011-2012 +1.96% • 2012-2013 +1.78% • 2013-2014 +1.50% • 2014-2015 +2.60% • 2015-2016 +3.32% • 2016-2017 +2.90% • 2017-2018 + 1.48% • 2018-2019 +2.51% (use of banked cap)

  15. Banked Cap

  16. General Timeline • Oct.-Dec. – Administrative meetings • December 11 – Budget guidelines approved/BOE • January 22 – Preliminary budget report • March 15th – State aid figures released • March 19th – Tentative budget presented to BOE • Week of March 19th – Tentative budget submitted to Executive County Superintendent for approval • May 7th – Public hearing on the budget • July 1 – New fiscal year begins

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