Presentation of the Annual School District Budget for

Transcription

1 Presentation of the Annual School District Budget for

2 Annual District Enrollment 2012/13 to 2016/17 School Year Total Students Change in Enrollment % Change 2012/ / % 2014/ % 2015/ % 2016/ % Total Drop in Enrollment since 2012/13: %

3 $65,921,000 General Fund $5,500,000 $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $ General Fund Budget Preparation Increase in Nursing Services - $16,000 Increase in Utilities - $106,500 Increase in Retirement Sick pay Expense - $22,090 Increase in PERS Pension Costs - $53,100 $621,000 Increase in Transportation - $165,000 Increase in Tax Levy Increases Increase in Buildings and Grounds Repairs (Existing HVAC) - $61,500 Increase in Out of District Special Education Tuition - $743,043 Increase in ACIT Payment - $572,296 Increase in Salaries - $1,308,733 $2,241,000 Revenue Reduction

4 $5,500,000 $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000, General Fund Budget Preparation 4.7 Million in Cuts $1,500,000 $1,000,000 $65,921,000 General Fund $500,000 $0 $621,000 Increase in Tax Levy Increases

5 Budget Challenges Underfunded State Aid Since 2010 the New Jersey School Funding Reform Act (SFRA) has not been fully funded For our 2017/2018 budget we are underfunded by $2 million Cumulatively since 2010 GEHRHSD is underfunded by $39.2 Million

6 Budget Challenges Atlantic County Institute of Technology For the 2017/2018 school year we have budgeted 434 students attending ACIT Total budgeted 2017/2018 cost including transportation and tuition adjustment is $4,068,000

7 Budget Challenges School Development Authority (SDA) Assessment Starting with the 2010/2011 budget, we have been assessed an amount that represents 15% of our proportionate share of the principal and Interest payments for State issued construction bonds 2017/2018 budgeted assessment $611,622 Total cumulative assessment since 2010/2011 is $3,476,465

8 Budget Challenges Homeless Transportation 2015/2016 Homeless Transportation Costs $94, /2017 Homeless Transportation Costs $177,695 Increase of $83,036

9 Summary of Budget Cuts in Major Areas Testing $21,761 PSAT s 9 th & 10 th Grade Testing for 11 th Grade remains Curriculum Writing, Professional Development and Virtual Courses $42,581 Buildings and Grounds $246,400 Supplies and Equipment Field Maintenance Supplies and Technology $792,034 Academic Departments Athletics Printers & Supplies, Replacement of Projectors Replacement of Network Infrastructure Components

10 Summary of Budget Cuts in Major Areas Staffing in all three high schools and district personnel in the following areas: $3,101, Teachers and Certified Staff 2 Administrators 1.5 Secretaries 2 Security 2 Technology 8.4 Retirements 5.88 % reduction in overall staff

11 Summary of Budget Cuts in Major Areas Coaching Staff one coach per level Freshman Transition Project After School Tutoring Adult School Summer School Summer Weight Room Summer Security Pursuing Contracted services for Paraprofessionals

12 New Program School to Careers Some Special Needs Students Have Opportunities to Serve in the Workplace. Previously, the Atlantic County Special Services District Would Provide These Services Beginning in We Will Provide These Services at a Savings of $373,929

13 2 Year Budget Highlights 12.5% Increase in Instruction for all Freshman Rhetoric Career and Educational Technology Increased Offerings in all Schools Art, Culinary Arts, CADD, Digital Photography, Marketing, Sports Medicine, Forensics Science, Air Force JROTC, New English Elective Program Effective School Solutions program Providing counseling and support for eligible students Expanded Offerings in our Biomedical and Homeland Security Magnet Programs A New Computer Programing Magnet

14 2 Year Budget Highlights New Computers, Chrome Books, and ipads through Lease Agreements. New Computer Programing Lab 12.5% Increase in Instruction for our 10 th, 11 th and 12 th grade Basic Skills students 12.5% Increase in Instruction for our 10 th, 11 th and 12 th grade Special Education students Physics Equipment Robotics Club

15 State Aid Summary General Fund * Debt Service Fund # 2017/2018 State Aid $ 31,349,652 $1,342, /2017 State Aid $ 31,349,652 $1,303,940 Increase in State Aid $ $ 0 $ 38,372 Increase in State Aid % 0.00% 2.94% *excludes extraordinary aid # includes March 2015 referendum aid

16 Budget Summary General Fund $ 65,920,885 Special Revenue Fund $ 1,236,637 Debt Service Fund $ 5,450,097 Total $ 72,607,619

17 Budget Expenditure Summary Current Expense Funds for the operation of schools such as salaries, books, materials, and the maintenance of facilities. Capital Outlay Funds for equipment and SDA assessment. Charter School Tuition Charter school tuition costs. Federal and State Projects Funds to implement ESEA, IDEA and other Federally funded projects as well as State Nonpublic programs Debt Service Funds Funds to pay principal and interest on prior bond issuances. $ 64,782,213 $ 611,662 $ 527,010 $ 1,236,637 $ 5,450,097 Total Expenditures $ 72,607,619

18 Budget Expenditure Summary

19 Budget Revenue Summary This budget is within the 2% Tax Levy CAP Budgeted Fund Balance Operating Budget $ 300,000 Local Sources Local taxes, tuition, transportation fees, gate receipts, rental of buildings and interest on investments State Sources Equalization aid, categorical special education aid, extraordinary aid, security aid, and transportation aid $33,544,729 $31,949,652 SEMI Special Education Medicaid Initiative $ 126,504 Total General Fund $65,920,885

20 Budget Revenue Summary Federal and State Sources Grants and Entitlements Federal aid to implement ESEA/NCLB, IDEA, other special revenue and State non-public funds. $ 1,236,637 Debt Service Fund Balance $ 24,129 Debt Service Local Tax Levy Funds to pay principal and interest on prior bond issuances $ 4,083,656 State Debt Service Aid Funds to pay principal and interest on prior bond issuances $ 1,342,312 Total Anticipated Revenues $ 72,607,619

21 Budget Revenue Summary

22 Out of District Tuition Trends $9,000, $8,000, $7,000, $6,000, $5,000, $4,000, $3,000, $2,000, $1,000, $0.00

23 Budget Comparison to Category Increase/(Decrease) Percent Change General Fund $65,920,885 $67,541,021 ($1,620,136) (2.40%) Special Revenue $ 1,236,637 $1,454,867 ($218,230) (15%) Debt Service $ 5,450,097 $5,360,854 $89, % Total $72,607,619 $74,356,742 ($1,749,123) (2.35%)

24 Allocation of Regional Taxes Regional Equalized Valuation 2017 Regional Equalized Valuation 2016 Egg Harbor City $ 72,577, % $ 78,062, % Galloway Twp $ 895,167, % $ 958,902, % Hamilton Twp $ 608,338, % $ 656,046, % Mullica Twp $ 149,964, % $ 149,633, % Total $ 1,842,645, % $ 1,842,645, %

25 Allocation of Regional Taxes Further Explanation A B C D E F (C/B+C) (A*D) (E/Total E) Elementary Regional Regional 2017/2018 Equalized Enrollment Enrollment Regional Equalized Percentage Valuation 10/14/16 10/14/16 Percentage Valuation Share Egg Harbor City $ 233,744, % $ 72,577, % Galloway Township $ 2,770,557, % $ 895,167, % Hamilton Township $ 2,145,057, % $ 608,338, % Mullica Township $ 481,426, % $ 149,964, % $ 5,630,785, $ 1,726,047, %

26 Allocation of Regional Taxes Equalized Valuation Calculated by New Jersey Division of Taxation Includes: the aggregate true value of real property the value of second class railroad property the assessed value of locally assessed business personal property It is used to measure the wealth of the taxing district

27 Constituent Ratables Increase/(Decrease) Assessed Values Assessed Values $ % Egg Harbor City $ 222,198,200 $ 223,833,300 $ (1,635,100) -0.73% Galloway Township $ 2,693,627,800 $ 2,698,246,200 $ (4,618,400) -0.17% Hamilton Township $ 2,090,743,139 $ 2,096,726,699 $ (5,983,560) -0.29% Mulica Township $ 291,878,400 $ 292,081,400 $ (203,000) -0.07%

28 Impact on General Fund Tax Rates GENERAL Increase/ (Decrease) in Tax Levy Increase/ (Decrease) in Tax Rate Assessed Valuation Annual Tax Increase/ (Decrease) Monthly Tax Increase/ (Decrease) Daily Tax Increase/ (Decrease) Egg Harbor City $ 16, $ $ 100,000 $ $ 0.98 $ 0.03 Galloway Township $ 266, $ $ 100,000 $ $ 0.91 $ 0.03 Hamilton Township $ 107, $ $ 100,000 $ 6.60 $ 0.55 $ 0.02 Mulica Township $ 230, $ $ 100,000 $ $ 6.63 $ 0.22 $ 620, $ Increase in General Fund Levy over 16/ % % Increase in General Levy over 16/17

29 Impact on Debt Service Fund Tax Rates Increase/ Increase/ Annual Tax Monthly Tax Daily Tax DEBT SERVICE (Decrease) (Decrease) Assessed Increase/ Increase Increase in Tax Levy Tax Rate Valuation (Decrease) (Decrease) (Decrease) Egg Harbor City $ 7, $ $ 100,000 $ 3.80 $ 0.32 $ 0.01 Galloway Township $ 96, $ $ 100,000 $ 3.70 $ 0.31 $ 0.01 Hamilton Township $ 56, $ $ 100,000 $ 2.90 $ 0.24 $ 0.01 Mulica Township $ 39, $ $ 100,000 $ $ 1.13 $ 0.04 $ 199, $ Increase in Debt Service Levy over 16/17

30 Impact on Total Fund Tax Rates Increase/ Increase/ Annual Tax Monthly Tax Daily Tax TOTAL (Decrease) (Decrease) Assessed Increase/ Increase Increase in Tax Levy Tax Rate Valuation (Decrease) (Decrease) (Decrease) Egg Harbor City $ 23, $ $ 100,000 $ $ 1.29 $ 0.04 Galloway Township $ 363, $ $ 100,000 $ $ 1.22 $ 0.04 Hamilton Township $ 163, $ $ 100,000 $ 9.50 $ 0.79 $ 0.03 Mulica Township $ 269, $ $ 100,000 $ $ 7.76 $ 0.26 $ 820, $ Increase in Total Levy over 16/17

31 College/University Acceptances Class of % of students pursued a college education $18 million dollars awarded in academic/merit scholarships

32 College/University Acceptances Class of Brown University - Cornell University - Embry-Riddle Aeronautical University - Johnson & Wales University - Stevens Institute of Technology - Johns Hopkins University - Villanova University - Widener University - Drexel University - St. Joseph s University - Temple University - University of the Sciences - Georgetown University - Rutgers University - New Jersey Institute of Technology - Fairleigh Dickinson University - Kean University - Rowan University - Stockton University - Monmouth University - Rider University - The College of New Jersey - Seton Hall University - Ramapo College - Montclair State University - Atlantic Cape Community College

33 Advanced Placement/Dual Credit 42 District AP course offerings (15 AHS, 13 CCHS, 14 OHS) 71% of the students who participated in an AP exam passed with a score of 3 or higher 65% of the students enrolled in AP courses participated in AP exams 15 anticipated dual credit courses with Stockton University for the school year Articulation Agreements allowing students to earn college credits Atlantic Cape Community College for courses in our Culinary Program and Homeland Security Magnet Unity College for courses in our Environmental Science Magnet Rider University for courses in our Tomorrows Teachers program

34 Extra & Co-Curricular Activities Total all 3 Schools 73 varsity sports Over 100 activities

35 District Board of Education Carol Houck, President, Galloway Township Margaret Guenther, Vice President, Galloway Township Michael Baldwin, Galloway Township Peggy Capone, Hamilton Township Kristina Carr, Hamilton Township William Cheatham, Mullica Township Dr. Anne Erickson, Hamilton Township Lois Garrison, Galloway Township Brian Sartorio, Egg Harbor City John Keenan, Superintendent Thomas Grossi, Business Administrator Donna Blair, Director of Curriculum and Instruction