Readington Township School District Budget Presentation to the board of education April 12, 2016

Budget Goals Present a budget at or below the 2% state-imposed cap on tax levy without negatively impacting students’ academic experiences. Balance class size guidelines with scheduling efficiencies Enrich students’ academic experiences Continue to implement the district’s Strategic Plan Enhance students’ social, global, and intellectual engagement. Create a vibrant learning environment for students and staff. Create a culture of collaborative partnerships in and around our community. Ensure institutional and financial sustainability in the face of economic and demographic challenges.

Enrollment Forecast for 2016-17 Readington Township School District Enrollment Forecast for 2016-17 Anticipated PreK through 8 enrollment = 1631 (1674 this year) Ten out-of-district (anticipated) students not included in this number Demographer’s Projection: 1632 Need to update this slide.

Budgeted Enrollment History

Budget Items Fall Under Two Categories Guide Payroll 2.56% increase $378,334.00 Non-Discretionary (Mandated) Items mandated by contract or state/federal mandates Salaries and Benefits (negotiated) Special Education Program Requirements Student Transportation Costs School Building Energy Costs Local Control Staffing Technology and Textbooks Professional Development (partial discretion) Classroom Instructional Supplies Equipment (all types) Extra-curricular programs for students (sports, clubs) Building maintenance (partial discretion) Increase in health benefits in budget = 1.7%

Portion of Operating Budget

Anticipated Elementary Class Size Grade 1 Grade 2 Grade 3 Grade 4 Grade 5 19.5 at TBS 19.5 at WHS 17 at TBS 17 at WHS 17.5 at TBS 18.8 at WHS 23 per class Kindergarten enrollment as of Tuesday, April 12: 67 at Three Bridges School and 49 at Whitehouse School

Positions Eliminated or Reduced Six certificated positions reduced as a result of enrollment Three (3) of the six positions are resignations /retirements that will not be filled One additional position reduced to .5 at the request of the staff member + Approximately $24,180 difference between retiring/resigning staff and new hires at a lower salary level = $410,830 in anticipated overall personnel reductions

Proposed Additions Two additional shared Kindergarten Aides – one per primary school – to be monitored and evaluated throughout the school year. $38,283.32 estimated salary for two additional aides New elective classes at RMS for rising 7th and 8th graders: Sustainability Innovation and Design Art Creative Writing Financial Literacy Coding General Music Current Events Uses existing faculty with no impact to the budget. Instrumental lessons to begin in 4th grade. Use existing faculty with no impact to the budget.

Total Taxes including Debt Service Readington Township School District Total Taxes including Debt Service Budget Year Total Taxes Difference $ Difference % 2009-10 $29,157,442 - $1,031,675 - 3.400% 2010-11 $29,592,975 - $435,533 - 0.150% 2011-12 $29,609,399 + $16,424 0.055% 2012-13 $28,780,939 - $828,460 -2.798% 2013-14 $28,764,420 -$16,519 -0.057% 2014-15 $28,680,635 -$83,785 -0.291% 2015-16 0.000% 2016-17 $29,016,549 +$335,914 1.171%

State Aid and Tax Levy – General Fund Budget Year State Aid Tax Levy 2009-10 $1,406,350 $27,038,539 2010-11 $509,929 $27,703,081 2011-12 $824,702 $27,426,050 2012-13 $1,369,600 $26,586,701 2013-14 $26,582,012 2014-15 $1.402,420 2015-16 $1,402,420 $26,643,599 2016-17 $1,424,790 $26,906,853

2016-17 School Budget Tax Impact On the average home assessed at: $360,800. Equates to approximately $37.00 increase over the year

Proposed Tax Rate YEAR TAX RATE AVERAGE TAX 2010 – 11 $1.0373 $4070 on average assessed home of $392,400. 2011 – 12 $1.0765 $4052 on average assessed home of $376,400. 2012 - 13 $1.087 $3995 on average assessed home of $367,300. 2013-14 $1.085 $3905 on average assessed home of $360,000 2014-15 $1.0773 $3,877 on average assessed home of $359,900 2015-16 $1.1012 $3,974 on an average assessed home of $360,900 2016-17 $1.1113 $4,010 on an average assessed home of $360,800