Presentation on theme: "2011 - 2012 Budget Cranbury Township Board of Education."— Presentation transcript:
2011 - 2012 Budget Cranbury Township Board of Education
Contributing Individuals Board of Education Mrs. Lynne Schwarz, President Mr. Bill Schraudenbach, Vice-President Mrs. Jennifer Cooke Mr. Michael Ferrante Mr. Kevin Fox Mrs. Wendi Patella Mrs. Nicole Pormilli Mrs. Evelyn Spann Mrs. Kathy Wasson Administration Mrs. Carol Malouf, Interim Chief School Administrator Mrs. Joyce Picariello, School Business Administrator /Board Secretary Mrs. Michele Waldron, Vice Principal
Development of the 2011 - 2012 Budget The process is driven by two objectives: 1.Provide every child in the district with the high quality educational opportunities; and 2.Maximize the use of available resources. The Board attempts to balance the educational needs of students and the resources available to the District from local, state, and federal sources, and the community, with consideration given to the tax impact.
2011-12 Budget Maintains all current programs Provides for 3 classroom sections in grades 1-5 Reinstates Art, Industrial Arts, and French in Grades K-1 (full year- courses)
2010-11 SUCCESS STORIES
2010-11 Success Stories Outstanding Student Test Score Results Adoption and Implementation of New K-5 Literacy Program Completion of Pole Barn Refinancing of Debt yielding over $300K in savings Strong financial position distinguishes Cranbury with a AAA Bond Rating Progress on HVAC Project and Exterior Door Replacement Projects – ROD Grant Projects
Special Education Programs In accordance with state law, a free and appropriate public education for classified students from ages 3 through 21 is offered.
Development and Enrichment of Our Special Education Programs Preschool Disabilities Adopted and Implemented State Approved High Scope Program In-Class Support Successful inclusion efforts Collaborative instruction Resource Centers Self-Contained Programs Active and Supportive Parent Group Continuum of Options
Proposed 2011 – 2012 Budget
2011 - 2012 Budget FISCAL COMMITTMENT Expenditures are 2.6% less than the 2010-11 Budget and less than the last three fiscal years.
2011-12 Budget Expenditures Account Description Dollar Amount Difference over 2010-11 Budget Percent Change Regular Programs$3,506,324$(174,099)-5.0 Special Education (In-district programs)$ 827,627 $25,472 3.1 Co-Curricular and Athletics$ 141,618 $9,5697.3 Out-of-District Tuition – Regular Education (PHS) $4,029,547($313,879)-7.2 Out-of-District Tuition (Special Education)$788,485$108,75516.0 Support Services$1,130,440$(82,463)-6.8 Staff Training and Support$ 128,862 $19,47617.8 Administrative Services$ 750,265 $(45,075) -5.7 Operation & Maintenance$1,117,130$(109,637) -8.9 Transportation$ 827,610$(31,910)-3.7 Employee Benefits$2,234,605 $189,430 9.3
Proposed Budget Classifications
High School Enrollment 2010-11 Actual Enrollment October 15, 2010 2011-12 Estimated Enrollment 9 th 6068 10 th 6760 11 th 7267 12 th 6872 Total267
Princeton High School Tuition Per Pupil Rate 2011-12 estimated tuition has been decreasing for the last two years
Cost Containment Features Shared Services with Public Library Shared Services with Township for fuel Procurement Cooperatives Middlesex Educational Services Commission Transportation Non-Public School Administrative Services Natural Gas Electricity Pittsgrove Board of Education Cooperative Purchasing Paper Hunterdon Education Services Commission Technology Equipment and Supplies
2011-12 CAPITAL PROJECT Window Replacement (1967 addition) Project anticipates operational savings in utility expense Fully funded from capital reserves, which are specifically designated for Capital Projects Project has been NJDOE and NJSDA approved and is eligible for 40% of cost through the ROD Grant
2011-12 BUDGET GOOD NEWS! Cranbury School will receive some State Aid
Contractual Obligations Teachers’ Salaries are based on negotiated agreement (Current agreement expires June 30, 2011) BOE and CEA are currently in negotiations
Cranbury Township Assessment Values UNFORTUNATE TREND! The aggregate assessed property value has declined by over 14% in the last four years.
2011-12 TAX LEVY The 2011-12 tax levy increased by 1.9% which is under the State Cap and less than the 2009-10 tax levy
2011-12 Proposed Revenues SourceAmount Fund Balance -Operating Budget $213,913 Withdrawal from Capital Reserve $1,141,288 Withdrawal from Tuition Reserve $33,653 Miscellaneous$106,000 Tax Levy $14,941,270 State Aid $176,258 EdJobs (Federal Stimulus) $25,487 Total Revenue$16,637,869
TAX IMPACT INFORMATION
Proposed Tax Rate Proposed Tax Rate General Fund ($.0364 increase) 92.49 cents per hundred dollars of assessed valuation $5,626.32 per year to the average taxpayer (assessed at $608,331) Proposed Tax Rate Debt Service Fund ($.0023 increase) 5.60 cents per hundred dollars of assessed valuation $340.67 per year to the average taxpayer (assessed at $608,331) Proposed Overall Tax Rate ($.0387 increase) 98.09 cents per hundred dollars of assessed valuation $5,966.99 per year to the average taxpayer (assessed at $608,331)
Voter Information Voter Registration Deadline: April 6, 2011 Mail-In Ballot Applications by mail: Deadline ~ April 20, 2011 Mail-In Ballot Applications in person: Deadline ~ 3 P.M., April 26, 2011 (County Clerk’s Office)
School Election Wednesday, April 27, 2011 Polls Open from 2 to 9 PM Polling Location – Township Building School Budget and (3) School Board Members for a 3-year term Jennifer K. Cooke Pramod N. Chivate Kevin G. Fox M. Evelyn Spann
VOTE! Wednesday, April 27, 2011 2- 9 PM Township Building