Proposed Budget

Transcription

1 Hunterdon Central Regional High School Proposed Budget Johanna S. Ruberto, Ed.D. Interim Superintendent Gymlyn Corbin Business Administrator/Board Secretary

2 Board of Education Deborah Labbadia, President Readington Township Kathy Raborn, Vice President Raritan Township Lori Blutfield Readington Township James Davidson East Amwell Township Patrick Dugan Raritan Township Karen Palestini Falk Delaware Township Robert McNally Flemington Borough Vincent Panico Readington Township Robert Richard Raritan Township

3 Mission Statement To create teaching and learning environments that engage all students, foster achievement and cultivate the skills needed to compete, connect and collaborate as ethical and responsible participants in a global society.

4 Definitions Baseline district financial information The HCRHS overview Budget Calendar District Goals Application of the goals

5 What is a budget? A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past. It is a plan for allocating resources: a plan specifying how resources, especially time or money, will be allocated or spent during a particular period. It identifies the money for a particular purpose: the total amount of money allocated or needed for a particular purpose or period of time. The budget is our district s financial plan to deliver and maintain the district s facilities and the mandated/nonmandated programs for the students we serve.

6 District baseline information 78% of the district s budget is dedicated to the cost of personnel; The district is below adequacy with administration, cost per student. The school district s per pupil spending is more efficient than the selected Comparative Spending Guide indicators for the district s operating type and enrollment range indexed to the budget year in six of eight indicators; Compliant with all mandates associated with Special Services (14A); Custodial and janitorial service is provided at a cost less than that required to provide one person for every 17,500 square feet of building space. Overtime pay is less than ten percent of regular wages for the functions reviewed;

7 District baseline information There is no excessive administrative or non instructional costs that have been identified for inclusion in the district s subsequent budget; Aides are only employed when required by an IEP or when supported by evidence that their use is the most cost effective way of meeting a particular student need; Competitive proposals are periodically solicited for professional services and contracts are awarded on the basis of quality of service and competitive pricing offered; Textbook purchases are made in accordance with a textbook replacement plan;

8 HCRHS Overview Projected Enrollment: (based on October 2016 census) 9th th th th ,983 total enrollment Attendance rate: 96.72% Graduation rate: 96.4% Free/reduced Lunch: 277 students Classification Rate: 17% - 44 Out-of-District

9 Budget Calendar 2016/17 Audit process 2017 NJDOE mid year budget review Finance Committee planning meetings Individualized Principal/Directors/ Supervisors based needs assessment Subject specific Director/Supervisors academic planning NJDOE State aid determination

10 Board Objectives: Education To sustain and enhance District facilities for safety, academic experiences, activities, and environmental purposes through ongoing maintenance and long range capital plan. To maintain compliance with all mandated programs and initiatives of the New Jersey Department of Education. To continue to evaluate and implement programs in support of the academic experience for all students. To plan and provide the necessary resources for the faculty/staff and students in preparation for college/career as designated in the New Jersey State Student Learning Standards.

11 Board Objectives: Fiscal Responsibility To offer the community a fiscally responsible and respectful budget with a 2% New Jersey state cap by implementing strategies to balance District needs while mitigating expenses to minimize future budget tax levy increases.

12 Application of the goals Enhancement of educational leadership and data driven decision making Continued articulation and review of the New Jersey Student Learning Standards (NJSLS) Implementation of the Next Generation Science Standards Continued expansion of educational technology as an instructional/management instrument. Continued review and expansion to upgrade the technology infrastructure Review of Project Trust &Twilight programs Ongoing facility capital improvements

13 Budget All current programs and course offerings Class size as per courses of study All programs as per classification (Compliance) ELL/Bilingual programs of study (Compliance) Textbooks Science Social Studies (AP/Gen.) Revision to Project Trust/Twilight Additional PE Teacher Summer offerings Athletic programs

14 ASSA Enrollment Year # of Students # Students Change % Students Change , % , % , % , % , % , % , % , % , % Estimate 2, % ASSA Enrollment counts share time students as 0.5.

15 Expenses included in General Fund Regular Instructional Programs Special Education Programs Instructional Support Services: Library, Counseling Services, Health Office, Curriculum Supervisors, Staff Training Administrative Expenses: Superintendent, Principal, Human Resources, Business, and Information Technology Offices Facility: Maintenance, Custodial, Grounds, Security Transportation Employee Benefits & Taxes Capital Projects & Equipment (>$2,000)

16 General Fund Expenses by Category

17 Education is a people business 78.6% of the District s General Fund expenses cover salary and benefits

18 General Fund Tax Levy New Jersey State Law mandates that annual Tax Levy increases cannot exceed 2% Allowable Tax Levy based on maximum 2% increase over budget: $50,556,323 Proposed HCRHS Tax Levy: $51,567,449 Proposed Tax Levy Increase: 2% or $1,011,126 Meets Board goal toward fiscal responsibility

19 Proposed Expense Budget Revised Budget Proposed Budget % of General Fund Percent Change EXPENSES Regular Education $19,906,293 $19,757, % -0.7% Special Education 9,860,126 9,712, % -1.5% Instructional Support 5,036,734 4,860, % -3.5% Administration 3,113,845 3,034, % -2.6% Facility Operations 5,242,939 5,036, % -3.9% Transportation 3,686,080 3,920, % 6.4% Employee Benefits 12,760,884 14,627, % 14.6% Capital Outlay/Equip. 955, , % -19.5% Total General Fund 60,562,018 61,717, % 1.9% Grant Fund 529, ,585 N/A -5.6% Debt Service Fund 2,231,016 2,214,702 N/A -0.7% Capital Reserve Proj. * 5,430,000 7,652,500 N/A 40.9% TOTAL BUDGET: 68,752,332 72,083,829 N/A 4.8% *Note: Capital Reserve includes Summer 2017 & Summer 2018 projects to allow early bidding/favorable pricing.

20 Expenses contributing to Budget Increase Employee Health Benefits Transportation qualified driver shortage Bilingual Education increased population & new State mandates Other Employee Benefits (Social Security, pension, workers comp, etc.)

21 Cost control and expense reduction help to offset budget growth Identified one time revenue of approximately $100,000 Liquidation of insurance company stock dividend awarded over ten years ago. District wide line item evaluation and reduction based on historic spending. Department requests in excess of 2% budget will be purchased from surplus if at all possible. Negotiated medical insurance proposal to reduce budgeted increase from 13% to 10.9%. Future savings in utilities anticipated during solar from solar panel project.

22 Cost control and expense reduction help to offset budget growth Shared Service Initiatives: The district secures telecommunications services through E rate, ACT and energy services through the ACES program. Cooperative purchasing through local government, Ed Services Commissions, and State contacts. Shared staffing for nursing and behaviorist positions. Workers comp and auto insurance purchased through selfinsurance pool. Inter local agreement for School Resource Officer. Joint transportation services with Flemington Raritan BOE. Contracted transportation provided to East Amwell Township and Delaware Township BOE. Out of district routes contracted through ESCs and other jointures.

23 Debt Service Fund Total Long Term Debt as of July 1, 2017 $10,892, Funded capital projects through voter approved bonds issued in 1995 and 2004 Final payment due September 15, payment = $2,214,702 ( 0.7% or $16,315 decrease from )

24 Capital & Maintenance Reserve Funds District s Savings Account Capital Reserve: Funds only projects in the Long- Range Facilities Plan Maintenance Reserve: Available for maintenance projects not included in the General Fund budget The balance of each account is limited by State Law These projects do not impact educational resources or increase the Tax Levy

25 Prior Years Capital Reserve Projects Project Status Status Fire Alarm Replacement Awaiting closeout, system functional Fitness Center Addition Work in progress, planned completion for Fall 2017 Field House Floor & Bleachers Work scheduled Summer 2017 Fiber Optic Replacement Phase 1 Complete Door Access Control System Work scheduled Summer 2017 Relocation of Sanitary Main On hold pending RTMUA action Stewart Field Turf & Track Replacement On hold pending sanitary main relocation

26 Capital Reserve Projects Project Summer 2017 Work Budget Fiber Optics Replacement Phase 2 120,000 Network Upgrades Campus wide 1,250,000 Classroom Lighting Upgrade, 11/12 Bldg. 400,000 Science Room Renovation Phase 1, 9/10 450,000 Bldg. Cafeteria/Kitchen Renovation, 9/10 Bldg. 1,200,000 Emergency Generator, Business/Transp. 240,000 Offices TOTAL $3,660,000 NOTE: Summer 2017 Capital Reserve projects do not affect the General Fund Budget or Taxpayer Levy. Projects are funded from District savings.

27 Capital Reserve Projects Summer 2018 Work Project Budget Fiber Optics Replacement Phase 3 120,000 Science Room Renovation Phase 2, 9/10 Bldg. 775,000 Classroom Lighting Upgrade, 9/10 Bldg. 812,500 Classroom Lighting Upgrade, IMC/Communications 255,000 Telephone/Emergency Notification Upgrade 2,000,000 TOTAL $3,992,500 NOTE: Summer 2018 Capital Reserve projects do not affect the General Fund Budget or Taxpayer Levy. Projects are funded from District savings. Approval allows earlier bid awards and generally nets cost savings.

28 Revenue Budget Proposed Budget $ Change General Fund Budgeted Fund Balance $3,964,834 $3,986,862 $22,028 Local Tax Levy 50,556,323 51,567,449 1,011,126 Other 310, , ,000 Total Local Funds $54,831,157 $51,992,449 $1,148,154 State Aid Federal Aid PY Encumbrance Adjustment 5,705,974 24, ,719,700 18, ,726-6,855 0 Total General Fund $60,562,018 $61,717,043 $1,155,025 Special Revenue Fund (Grants) $529,298 $499,455 -$29,843 Debt Service Fund Budgeted Fund Balance Local Tax Levy 2,230,920 2,214,385-16,535 State Aid Total Debt Service Fund $2,231,016 $2,214,702 -$16,314 TOTAL REVENUES $63,322,332 $64,431,329 $1,108,868

29 Revenue Sources

30 Proposed Budget Next steps: March 20, 2017 April 27, 2017 May 1, 2017 May 2, 2017 May 19, 2017 Preliminary budget to County DOE Deadline to advertise budget Budget public hearing & adoption Budget presentation on HCRHS website Communicate budget information to municipal representatives Certify tax levy to county Board of Taxation