Somerdale Board of Education School Budget Dr. Dennis M. Vespe, Superintendent Mrs. Betty Giambrone, Business Administrator Mr. James Walsh, Somerdale BOE President Mrs. Michele Frontera, Finance Chairperson

Budget Notables: 2% CAP = $68,742 OBSTACLES Extra Ordinary Expenses New Science Series - $52,000 Outside special education placement and related services = $294,000 Total = $346,000 POSITIVES Received $23,882 of additional state aid Received $190,785 of school choice aid Beginning a shared service maintenance with the municipality to continue to utilize shared services in order to be fiscally responsible SUMMARY 3 cent increase = $44.54 on $160,000 ; 3 cent decrease = $ in , +$3.18 ; $1.59 Adding a 5 th grade class to maintain small class size All sports programs have been restored and maintained All current clubs and services maintained Various specials extended (TBD) Facility and Technology upgrades No cuts

Curricular Programs and Instruction ENROLLMENT PROJECTIONS { Does not include Retentions, Withdrawals, Home Bound, Home Schooled, or Out-of-District Students} Total Enrollments include Special Ed. and Choice Students Grade# ClassesEnrollment PS(2)^TBD* PSD(1)^6* K.(3)^24* Gr. 1(3)63 Gr. 2(3)52 Gr. 3(3)53 Gr. 4(3)61 Gr. 5(3)55 Gr. 6(2)50 Gr. 7(3)62 Gr. 8(2)51 Total(28)^477* *Pre-School and Kindergarten Registrations Currently Underway ^Sections dependent upon enrollment

Adding a 5 th grade in order to maintain small class size. Adding a 5 th grade in order to maintain small class size. Move from no science series to Pearson science series grades K-5 Move from no science series to Pearson science series grades K-5 Started the MAP testing initiative with bench marks and computerized test taking Started the MAP testing initiative with bench marks and computerized test taking Maintain all curricular “specials” with expansion to some “specials” (TBD) Maintain all curricular “specials” with expansion to some “specials” (TBD) Entire campus now has projectors Entire campus now has projectors Every teacher now has a tablet for electronic instruction Every teacher now has a tablet for electronic instruction Upgrade of Technology both classroom instruction and infrastructure for the entire campus Upgrade of Technology both classroom instruction and infrastructure for the entire campus - Beginning student tablet initiative - Beginning student tablet initiative - Utilizing campus with the private sector - Enhanced Website > Interactive forms > Interactive forms > Pod Casting >Instructional links >Instructional links > Video Lessons > Video Lessons > On-line curriculum Curricular Programs and Instruction Continued

– Grades 3-5 will be departmentalized with varying academic levels. – Maintain same level of CST and I&RS Services. – Expanding our Wilson Reading Certified Staff – Continuation of PSD Extended Year Program & the Fundations / Wilson Summer School Reading Program.* (*The Fundations / Wilson Reading Program is contingent upon final class size configurations at the primary levels and enrollments.)

Extra Curricular Activities – All Sports programs have been reinstated and maintained Approved for the Camden County Elementary League Approved for the Camden County Elementary League – All Current clubs maintained - Entire campus is wireless -Entire campus is air conditioned -Continue to replacement/upgrade the security cameras both inside and outside the building. -Begin the process for upgrading the drainage system -Continue to work with the Municipality to use shared services Maintenance shared service Maintenance shared service Potential solar project Potential solar project Facility

Somerdale School District Budget FactsFiguresRevenuesExpenditures

Where does the money come from ? GO Cavs

Budget Revenue $7,534,437

Tax Levy Increase Includes Banked Cap and Health Care Cost Adjustment Banked Cap—Tax Levy that was not used in the previous two years (tax levy increase was below 2% those years) Health Care Costs Adjustment—Health care costs that increased beyond the amount projected by the State

Where does all the money go?

Budget Expenditures $7,534,437

Expenditure Breakdown Instruction $3,000,464 School Sponsored Athletics/Extra Curriculum$90,869 Tuition Out $321,140 Support Services Student Related $625,861 General Administration $313,026 School Administration $60,340 Central Services $240,037 Charter Schools$15,903 Operations & Maintenance $573,592 Student Transportation$160,056 Employee Benefits$1,491,785 Capital Outlay $13,081 Special Revenue $314,226 Debt Service $314,057 Total $7,534,437

“DETAILS OF EXPENDITURE BREAKDOWN” **Percentages are subject to change due to any revisions following the Public Hearing** Instruction = $3,000,464, 40% School Administration = $60,340 = 1% Teachers Salaries & SuppliesVice Principal & Vice Principal Secretary Salary Special Ed. Salaries Printing Materials/Supplies Summer Program Memberships/Registration Home Instruction Renaissance Program Basic Skills ESL/Aide salary Central Administration = $240,037 = 3% Shared Services Business Office Athletics/Extra Curricular= $90,869 = 1% Accounting Clerk Clubs Payroll and Personnel Software Services Sports Operation & Maintenance= $573,592 = 8% Tuition = $321,140 = 4% All required inspections/repairs and maintenance Students out of district Shared Services for Maintenance/Custodial Support Services/Student Related = $625,861, = 9%Charter Schools = $15,903 = 0% Attendance/Health/Speech and Guidance Salaries & ServicesCharter School Tuition Child Study Team Salaries & Services Librarian/Technology Services Student Transportation = $160,056, = 2% Dean of Students/Curriculum Supervisor Transportation for Out of District Students Professional Development Employee Benefits = $1,491,785 = 20% General Administration = $313,026 = 4% Benefits for full-time employees Superintendent/Principal Salary Social Security/TPAF/PERS/Tuition Reimbursement Superintendent Secretary Salary Legal Services Special Revenue = $314,226 = 4% Membership/Workshops/Conferences Preschool Teachers Salaries/Supplies Policies/Election Cost Basic Skills Teachers/Supplies Auditor/Architect and BOE Insurance Assistants Salaries/Supplies Phone/UPS/ Postage Debt Service = $314,057 = 4% Capital Outlay = $13,081 = 0%Repayment of Debt (Principal/Interest)

Actual and Proposed School Tax Rate Calendar Year Rateables $343,691,877 $357,967,150 $360,205,434 Increase/ (Decrease) $-1,129,434 $ 14,275,273 $2,238,284 Local Tax Levy $3,369,726 $3,437,121 $3,804,971 Debt Service $216,608 $218, ,407 Total $3,586,344 $3,655,665 $4,018,378 Average over two years $3,565,417 $3,621,000 $3,837,021 Tax Rate$1.037$1.012$1.037 Tax Increase /(Decrease) $0.014$(0.03)$0.03

TAX SPREADSHEET BASED ON HOMES VALUED IN SOMERDALE Tax Impact1 Penny = $ 36, Somerdale Tax Rate =0.03 Yearly Increase Monthly Increase Weekly Increase Daily Increase Home assessed at $ 50, $ $ 1.16 $ 0.27 $ 0.04 Home assessed at $ 60, $ $ 1.39 $ 0.32 $ 0.05 Home assessed at $ 70, $ $ 1.62 $ 0.37 $ 0.05 Home assessed at $ 80, $ $ 1.86 $ 0.43 $ 0.06 Home assessed at $ 90, $ $ 2.09 $ 0.48 $ 0.07 Home assessed at $ 100, $ $ 2.32 $ 0.54 $ 0.08 Home assessed at $ 110, $ $ 2.55 $ 0.59 $ 0.08 Home assessed at $ 120, $ $ 2.78 $ 0.64 $ 0.09 Home assessed at $ 130, $ $ 3.02 $ 0.70 $ 0.10 Home assessed at $ 140, $ $ 3.25 $ 0.75 $ 0.11 Home assessed at $ 150, $ $ 3.48 $ 0.80 $ 0.11 Home assessed at $ 160, $ $ 3.71 $ 0.86 $ 0.12 Home assessed at $ 170, $ $ 3.94 $ 0.91 $ 0.13 Home assessed at $ 180, $ $ 4.18 $ 0.96 $ 0.14 Home assessed at $ 190, $ $ 4.41 $ 1.02 $ 0.14 Home assessed at $ 200, $ $ 4.64 $ 1.07 $ 0.15 Home assessed at $ 210, $ $ 4.87 $ 1.12 $ 0.16 Home assessed at $ 220, $ $ 5.10 $ 1.18 $ 0.17 Home assessed at $ 230, $ $ 5.34 $ 1.23 $ 0.18 Home assessed at $ 240, $ $ 5.57 $ 1.28 $ 0.18 Home assessed at $ 250, $ $ 5.80 $ 1.34 $ 0.19

GO CAVS! THANK YOU - AND AS ALWAYS