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 Student Population – 1848 (including 1470 Leonia students, 352 Edgewater students, and 26 students from other districts)  Staff – 322 (including administrators,

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Presentation on theme: " Student Population – 1848 (including 1470 Leonia students, 352 Edgewater students, and 26 students from other districts)  Staff – 322 (including administrators,"— Presentation transcript:

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2  Student Population – 1848 (including 1470 Leonia students, 352 Edgewater students, and 26 students from other districts)  Staff – 322 (including administrators, professional staff, teacher assistants, clerical staff and custodians)  Includes 51 Leonia residents who work full time and an additional 34 Leonia residents who work as subs and/or coaches

3  Proposed School Budget: $31,838,455  Proposed Local Tax Levy: $17,740,265  Reflects $347,848 (2%) increase from  Taxpayer impact for School Tax and Debt Service  Fiscal year increase of 0.99% ($70)  Calendar year increase of 0.82% ($57) o School Tax/$100 average assessed home value o Average assessed home value = $431,600

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10 The proposed budget ensures that the School Community of Edgewater and Leonia will continue to operate at a high-performing level in a cost-conscious economic time and anticipates substantial progress and growth. We remain a prudently managed public resource that is supportive of community interests and responsive to the individual needs of families and their children.

11  To balance this budget, we...  Reduced teaching staff by 1.9 FTE  Reduced administrative staff to accommodate Curriculum Director’s role  Supported operating budget with revenue once dropped to surplus  Purchased one-time supplies/equipment from surplus funds rather than from the operating budget  Expensed “potential” out-of-district placements to surplus  Accommodated contractual obligations and projected contract settlements

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13 RevenueBudget FY Proposed FY Local Tax Levy$17,392,417$17,740,265 Mandated Fund Balance$2,257,687$2,987,049 Tuition & Transportation other LEA’s $7,022,172$7,034,323 Other Revenue$226,229$311,095 (includes ESY and entire Evergreen Program) State Aid$3,537,623$3,765,723 (includes $200,000 Extraordinary Aid) Total$30,436,128$31,838,455

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15 General Current Expense Budget Proposed Budget Instruction$12,899,130$13,119,588 Administration$2,912,737$2,982,366 Benefits$5,304,569$5,329,200 Tuition$1,241,976$1,511,120 Support Services$3,190,426$3,209,354 Operations &Maintenance$3,741,412$4,023,907 Transportation$992,699$938,427 Co-Curricular & Athletics$645,477$607,000 Other$170,016$117,493 General Fund Total$31,098,439$31,838,455

16 FY FY Inc/(Dec) Current ExpenseTax Point $133,398Tax Point $122,269 Local Tax Levy$17,392,417$17,740,265 School Tax/$100 of Assessed Home Value $1.30$1.45 Avg. Assessed Home Value $474,215 (2013)$431,600 (2014) School Tax on Avg. Home$6,183$6,262$79 Debt Service Principal & Interest$2,345,815$2,334,693 Debt Service on Avg. Assessed Home $834$824($10) Combined School Tax & Debt Service $7,017$7,086$69

17 CY CY Inc/(Dec) Current ExpenseTax Point $133,398Tax Point $122,269 Local Tax Levy$17,221,903$17,566,341 School Tax/$100 of Assessed Home Value $1.29$1.44 Avg. Assessed Home Value $474,2015 (2013)$431,600 (2014) School Tax on Avg. Home $6,122$6,201$79 Debt Service Principal & Interest$2,409,578$2,365,979 Debt Service on Avg. Home $857$835($22) Combined School Tax & Debt Service $6,979$7,036$57

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