Targeting the Future In the 21 st Century

Transcription

1 Budget formed with the students at its Core Finding success in the 21 st century Opportunities beyond postsecondary Preparing our students for a digital world Summit Public Schools Budget Mr. June Chang, Superintendent of Schools Mr. Louis J. Pepe, RSBA Assistant Superintendent Targeting the Future In the 21 st Century 1

2 Budget 1.68 % MEETING THE NEEDS OF OUR STUDENTS THROUGH ACADEMIC LEARNING PROVIDING STUDENTS WITH CO-CURRICULAR OPPORTUNITIES TO LEARN TEAM WORK MAINTAINING OUR BUILDINGS AND LEARNING ENVIRONMENTS operating with the commitment to excellence and the expectation that each student will strive to excel beyond the NJ Core Curriculum

3 Maintain Programs and Positions that are in line with the District Focus Areas Add Additional Support and expand opportunities in Technology, Curriculum and Guidance Meet the demands of Salary & Benefits along with increased operational costs This Budget Preserves our Ability to Deliver High Quality Programs and Instruction

4 Achievement for ALL Empowering potential Cultivating a Love of Learning Inspiring Staff Sustaining Superior Education and Operational Excellence Budgeting driven by Focus Areas 4

5 Expenditures $68,662,941 - Revenues = Tax Impact $4,634,726 $64,028,215 What s dr iving t he budget? What ar e t he main ideas, cost s and impacts on the tax levy? Balancing Educational Needs with Local Funding (Taxes)

6 $ SPEND Co-Curricular Instruction 2.2% Capital Outlay 1.2% Other, 33.6% Operational Plant Svcs 8.9% Classroom, Undistributed Expenses 13.2% 66.4% Classroom Instruction 66.4% Support Svcs 8.1% OPERATING EXPENSE - % OF EVERY DOLLAR SPENT

7 State Aid 3% $64,028,215 Tax Levy $1,875,517 State Aid $1,279,068 Budgeted Fund Balance Tax Levy 93% $1,073,105 $250,000 Tuition Maint. Reserve $123,000 Misc. $34,036 SEMI Revenues as a whole and % breakdown

8 Largest Impact on Budget by Program [Total Program Cost $68,662,941] $53.5 M or 78% $9.3 M or 14% $4.5 M 7% $1.2 1% 5,544,175 5,256,312 3,173,062 2,385,412 2,343,838 1,290,137 1,288,924 1,259,861 1,235,487 1,113,271 1,096,789 1,058,289 1,028, , , , , , ,712 1,172,501 22,102,417 12,794,620 8

9 Proposed Budget What s driving the overall increase of $1.3M or the SPEND Increase in Expenditures $1.3M $186,500 $94,406 $147,193 $149,733 Technology Curriculum Health Benefits $644,988 New Positions Net of Changes Tentative Budget subject to change based on State Aid 9

10 This Budget Maintains New Positions added in VHS Coordinator/Instruction Facilitator FA: 1,2,3 /Tech Coach FA: 1,2 Literacy Coach FA: 1,2 Two Directors to Education FA: 1,2,3 Student Assistance Counselor - LCJ SMS Special Education Staff $200k of Savings FA = Focus Areas Restructured to Maximize And Expand Support How have we planned and implemented to this end? Savings on Health Benefits Final Renewal [FY 2017] used to fill academic needs

11 This Budget Adds $186k of New Positions for nd Grade teacher at Franklin (growing population) - $89,000.5 Science at the HS needed due to AP psychology popularity - $32,500 Two.5 ES Learning Workshop (BSI) teachers - $65,000 Managing Personnel Requests against Changing Needs

12 Curriculum Related Expenses include: $149,733 Student Textbooks/Teacher resources including Math & Science = $87,170 Supplies & Materials = $ 31,887 Curriculum writing and Problem Based Learning (PBL) designs = $25,230 Professional Development/Staff = $5,445 Curriculum Investment

13 Current Budget Adjustment Health Benefits final renewal down $900k after Budget Approval Adjusted Budget to purchase $644k Tech Equipment instead of leasing $644k of Savings Balance of Savings on Health Benefits Final Renewal [FY 2017]

14 546,960 Total Technology Program 306, ,950 99,423 $546,960 Equipment Chromebook 1:1 - $213,580 Routine Network Electronics Replacements- $65,100 Switches, Wireless Access, Fiber Routine Server System Replacements - $48,000 Routine Class/Lab/Office Computer Replacements - $195,480 Routine Equipment Replacements - $24,800 Projectors, Printers, Phones $306,025 Software Student Educational Subscriptions - $91,216 District Operations - $129,228 Powerschool, Registration, Notification System, Etc. Technical Systems - $85,581 $ 187,950 Maintenance, Contracts and Professional Services Critical System Contracts, Server System Integration, Repair Budget Equipment Software Maintenance Supplies $ 99,423 Supplies Classroom/Lab/Studio/Office Items, Printing

15 Where are we going from here? With the implementation of the 1:1, we have already begun reducing the number of desktops in classrooms and the number of laptop carts in the high school and middle school. In future years, we expect to further reduce the number of classroom desktop computers in all schools and the number of labs at the high school and middle school. 954, ,136 1,140,329 1,050, , ,000 FY12-FY16 Avg Est Est Est.

16 Total Athletic Budget $1,320,852 Boys (12 Programs). Girls (12 Programs). Co-Ed (6 Programs) Misc. Rentals/Fees, Video & Printing... $514,512 $461,698 $143,527 $201,115 Total FPP Arts Budget $485,218 Consumer Science (Home Ec) $12,500 Industrial Supplies (Middle & High)... $24,000 Art & Music (K-12) $104,274 Equipment/Instruments... $30,826 Clubs & Related Activites (401 accts).. $313,618 Total Athletics Program Budget Past 5 years Total Fine Performing and Practical Arts Program Budget Past 5 years 1,305,657 1,222,683 1,292,452 1,321, ,993 1,320, , , , ,218 Maintaining Athletics and Fine Performing Arts Programs

17 Claims Experience over Six Years 2,000, ,800, ,735, ,600, ,551, ,508, ,400, ,200, ,000, , , , , Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Receipts Claims HEALTH BENEFITS $9.2M OR 13.7% OF BUDGET

18 CIGNA Minimum Premium Arrangement vs. Conventional Plan Quasi Self Insured Protected against Losses beyond Premium Ability to profit when claims are less than anticipated (good experience) Fully Funded Reserve [$1.5M] maintained for IBNR (run out claims) HEALTH BENEFITS $9.2M 13.7% OF BUDGET

19 End of Year Excess Available from Budget (Revenues, Expenditures and Positive Health Benefits Experience* FY 12, 13 & 14) ,710,877* 2,760,245* 2,701,069* 1,986,392 1,916,320 Yr End Capital Reserve Deposit 1,500,000 1,750,000 1,500, , ,000 Maintenance/Other Reserve Deposits , ,000 Yr End Targeted Spending Plan 342, , , , ,072 Yr End Excess 2% Roll to Future Budget 867, , , , ,248 Actual Spend Budget (Audited) 65,480,009 67,319,715 66,424,683 69,383,331 72,550,886 Excess as % of Budgeted Spend 4.1% 4.1% 4.0% 2.9% 2.6% STRATEGIC FORECASTING - CASH MANAGEMENT EXCESS GENERATED FUNDS YEAR-END

20 MANAGEMENT OF EXCESS FUNDS FY2012 FY2013 FY2014 FY2015 FY2016 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000, , , , ,000 0 Excess 2% Capital Rsrv Deposit Maint/Other Deposit EOY Purchasing STRATEGIC FORECASTING - CASH MANAGEMENT EXCESS GENERATED FUNDS YEAR-END

21 Questions BOSE Budget Hearing March 28 th 7:00 PM