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2014-2015 Harding Township School Preliminary Budget II

2014-2015 Harding Township School Preliminary Budget II. Dr. Alex Anemone, Superintendent Dr. Dennis Frohnapfel , Interim B.A. January 20, 2014. Board of Education. Mr. Dev Modi – President Mr. John Flynn – V ice President Mr. Davor Gjivoje Mrs. Kim Macaulay Mr. Jim Novotny.

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2014-2015 Harding Township School Preliminary Budget II

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  1. 2014-2015 Harding Township School Preliminary Budget II Dr. Alex Anemone, Superintendent Dr. Dennis Frohnapfel, Interim B.A. January 20, 2014

  2. Board of Education • Mr. Dev Modi – President • Mr. John Flynn – Vice President • Mr. DavorGjivoje • Mrs. Kim Macaulay • Mr. Jim Novotny

  3. 2014-2015 HTS Budget • Consistent with 2014-2015 Budget Guidelines. • Supports current district goal: • To develop a student dashboard and use the data to improve the instructional process.

  4. Budget Timeline February 26-27 – State aid figures released March 3 – Tentative budget March 7 – Budget submitted to Executive County Superintendent March 24 – Budget public hearing

  5. Budget Process (updated) • Meet with Interim B.A. to review CAFR, current 13-14 budget and plan for 14-15 budget. (completed) • Refine and update Position Control Roster. (completed) • Meet with Principal – curriculum issues. (completed) • Forecasting out of district placements for 14-15. (in progress) • Refine revenue estimates for 14-15. (in progress)

  6. Budget Assumptions • Assumes state aid is flat ~$225k • Appropriates excess surplus ~$233k • Assumes no change to staffing configuration. Kindergarten registration begins in two weeks. • Assumes major increases in staff health benefits due to implementation of Affordable Care Act (ACA) on 1/1/15.*

  7. *Effects of Affordable Care Act • Increase in number of employees receiving health benefits. Total cost to Board could be over $100,000. • The ACA increase is approximately equal to 1% of the BOE budget. This is in addition to “regular” health benefits increases.

  8. Budget Estimates • HTEA contract expiring June 30, 2014. • Contract with Madison BOE expiring June 30, 2014. • Annual health benefits premiums (+6-10%). • Special Education out of district (+3-5%). • Increase in number of students placed out of district. • Utilities

  9. Revenue History • Local Tax Levy • 1997-2011 (average) +6.01% • 2011-2012 +1.96% • 2012-2013 +1.78% • 2013-2014 +1.50%

  10. Revenue History (cont’d) • State Aid • 2009-2010 ~ $360,000 • 2010-2011 $0 • 2011-2012 ~ $180,000 • 2012-2013 ~ $225,000 • 2013-2014 ~ $225,000 • 2014-2015 ???

  11. Tax Levy • Tax levy increase estimated at 2.00% plus expiring banked cap generated in 2011-2012 of $54,523. Total tax levy increase estimated at 2.50% • Please note: this figure is tentative and could change.

  12. Next Steps • Continue to refine revenue estimates (tuition, bussing, misc.). • Continue to refine unknown costs (HTEA, Madison High School, etc.). • Continue to refine out-of-district costs. • State aid figures released in late February. • Finalize and approve tentative budget. • Public hearing.

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