Lebanon Borough Board of Education 2017/2018 School Year Budget

We are Here to Support Children ! LEBANON BOROUGH PUBLIC SCHOOLS We are Here to Support Children !

LEBANON BOROUGH PUBLIC SCHOOLS EVERY CHILD HAS THE NEED TO FEEL: Healthy Safe Engaged Supported Challenged

PUBLIC SCHOOLS… ARE AN INVESTMENT IN OUR COMMUNITY’S FUTURE Schools are the hallmark of the value a community places on it’s young citizens The school board is committed to A strong relationship with the borough and our community

LEBANON BOROUGH SCHOOL DISTRICT NAMED “HIGH PERFORMING” BY NJDOE QUALITY SINGLE ACCOUNTABILITY ACT Instruction and Program Fiscal management Personnel Governance Operations

LEBANON BOROUGH SCHOOL DISTRICT FINANCES PRAISED BY INDEPENDENT AUDITORS Bedard, Kurowicki & Company CPA, PC 1. COMPREHENSIVE ANNUAL FINANCIAL REPORT JUNE 30, 2016 2. ANNUAL QSAC INDICATORS REVIEW NJDOE 3. 2017 MID-YEAR AUDIT BY EXECUTIVE COUNTY SUPERINTENDENT

OUR CHALLENGES ARE NOT UNIQUE… WE NEED TO PREPARE CHILDREN FOR AN EVER-CHANGING WORLD THAT REQUIRES INTELLIGENT, INFORMED, AND ENLIGHTENED GLOBAL CITIZENS

Budget proposal 2017-2018

Budget Goals 2017-18 Technology purchases & upgrades for NJ standards & testing Next Generation 21st century Science Standards: Framework & Supplies Mandatory for grade 6 in 2016/17 Mandatory in K-5 in 2017/18 Retain and enhance Special Education in-house to control costs / Potential Revenue source

Budget Goals (CONTINUED) High quality Professional Development for Teachers and staff School facility upgrades in areas of maintenance and safety Provide A personalized educational experience for our students

NHVRS “shrinking” sending district enrollments 2011 2016 # Change % Change Clinton Twp. 1,668 1,387 -281 -17 % Bethlehem Twp. 543 383 -160 -29 % Tewksbury Twp 744 599 -145 -19 % Lebanon Twp. 764 659 -105 -14 % Union Twp 513 449 -64 -12 % Clinton Public 507 455 -52 -10 % Califon Borough 147 108 -39 -27 % NHVRS 2,745 2,713 -33 -1 % High Bridge 389 375 -14 -4 % Franklin Twp. 305 293 -12 Hampton Borough 130 122 -8 Lebanon 73 100 +27 +37 %

Shrinking schools?

Revenue and expenditures 2017-2018

Revenue

2017/18 Total revenue $ 3,021,262

Local Revenues $2,796,333 Local Tax Levy $2,602,777 $ 2,654,833 Source 2016/17 2017/18 $ Change % Change Local Tax Levy $2,602,777 $ 2,654,833 $ 52,056 2.0 % Health Care Adjustment Enrollment Adjustment Banked Cap Parent Paid Tuition Tuition Reserve $ 21,540 $ 152,375 $ 0 $ 21,500 $ 0 $ 21,500 $ 20,000 $ (21,540) $ (152,375) $ 0 $ 20,000 Emergency Reserve $ 100,000

Funds from other sources $ 224,929 State Aid: $ 191,092 Interest on Investments $1,800 Federal Grant Programs $ 32,037

expenditures

Where does the money Go? Total Operating Budget $ 3,021,262 Category $ Amount % of Budget Regular Instructional Programs $ 747,311 25 % Special Ed/Basic Skills (in house) $ 159,962 5% Middle School Tuition $ 577,593 19 % Out of District Tuition $ 81,143 3 % Support Services (Health Office, CST & Related Services) $ 274,150 9 % Improvement of Instruction & Professional Development $ 63,687 2 % Administration $ 188,986 6 % Building & Grounds $ 205,633 7 % Transportation $ 81,409 Health Benefits $ 530,028 18% Capital Project/Renovation $ 111,160 Total Operating Budget $ 3,021,262

predetermined Costs = 87% Category Total Amount % of Budget Salaries & Benefits $ 1,774,422 59 % Tuition to other LEAs & Transportation $ 740,145 25% Required Maintenance & Repairs $ 103,200 3 % Remaining Spending $ 403,495 13 %

13% Our piece of the Pie:

instructional Spending

Security and Safety Renovations 2017-2018

(per $100 of assessed value) Tax Impact Budget Year Tax Rate (per $100 of assessed value) Average Tax Payment On home value of $270,000 Increase (Decrease) From previous year 2013/14 $ .79 $ 2,133 (.04) 2014/15 $ .82 $ 2,214 .03 2015/16 $ 0.85 $ 2,295 2016/17 $ 0.93 $ 2,511 $.08 2017/18 $ 0.95 $ 2,565 $.02

(from lowest to highest)$ Tax Rate Comparison our 17/18 rate compared to 16/17 rates of other districts Ranking (from lowest to highest)$ School District Tax Rate 1 Lebanon Borough $ 0.95 2 Kingwood $ 0.96 3 Readington Township $ 1.02 4 Franklin Township $ 1.10 5 Clinton Township $ 1.12 6 Lebanon Township $ 1.29 7 Glen Gardner $ 1.21 8 Holland Township $ 1.40 9 Clinton Public $ 1.42 10 Milford* $ 1.62

Budget questions may be sent to Dr. Charles Maranzano 908-236-2448 cmaranzano@lebanonschool.org