1. GARWOOD BOARD OF EDUCATION
Together
Everyone
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Annual Public Hearing on Proposed Budget
for the Fiscal Year
May 2, 2017

2. Introduced Budget GENERAL FUND BUDGET $ 8,363,629
(Increase of $36,334)
SPECIAL REVENUE $125,045 ($4,659)
DEBT SERVICE $519,850 $1,450

3. Revenues 2016-17 2017-18 GENERAL FUND: Local Tax Levy $ 7,506,145
$ ,506,145
$ ,648,762
Tuition $
$ ,057
Miscellaneous
$ ,500
$ ,000
State Aid
$ ,799
$ ,810
Fund Balance/Reserves
$ ,851
$ ,000
TOTAL OPERATING BUDGET
$ ,327,295
$ ,363,629
SPECIAL REVENUE (Grants)
$ ,704
$ ,045
DEBT SERVICE:
$ ,400
$ ,850
Fund Balances/Other Funds
TOTAL DEBT SERVICE
TOTAL REVENUE
$ ,975,399
$ ,008,524

4. SOURCE OF REVENUE Local Tax Levy 90.7% $ 8,168,612 State Aid 5.6%
$ 8,168,612
State Aid 5.6%
$ ,810
Fund Balance/Tuition Reserve 1.6%
$ ,000
Federal Grants 1.4%
$ ,045
Miscellaneous .7%
$ ,057
$ 9,008,524

5. State Aid State Aid Flat – no increase (excluding Extraordinary Aid)
Assessment for SDA Grant payback
CHANGE
State Aid
$ 455,236 $
Extraordinary Aid
$ 62,563
$ 47,574
$ (14,989)
SDA Assessment
$ (29,677)
$ (29,677)
TOTAL STATE AID
$ 488,122
$ 473,133

6. Appropriations 2016-17 2017-18 $ Change %
Instruction $2,311, $2,336, $24, %
Tuition $2,669, $2,577, $(92,531) %
Support Services $592, $607, $14, %
Administration $574, $588, $14, %
Facilities $694, $741, $46, %
Transportation $412, $376, $(35,386) %
Benefits $1,072, $1,135, $63, %
TOTAL GF BUDGET $8,327, $8,363, $36, %

7. Instructional Highlights
Continued alignment and mapping strategies for implementation of New Jersey Learning Standards
Restructuring of the basic skills program to better address the needs of our student population
IXL Program
Read 180
Implementation of a three year cycle for middle school use of chrome books

8. Budgetary Per Pupil Costs
The budgetary per pupil cost is considered the most comparable, most inclusive measure of comparison
Garwood’s pp cost is the 6th lowest of the 75 K-8 districts with 0 – 400 students (16-17 data not yet available) $
K-8 State Median
$ 15,570 cost per pupil
Garwood BOE K-8
$ 13,211 cost per pupil
Difference
($ 2,359) LESS

9. Continuing Budget Efficiencies
Garwood Borough: Custodial Services, Solid Waste disposal, and snow plowing assistance
LEAs and Union County ESC: Special Education Services
Clark BOE and Union County ESC: transportation coordination
Purchasing Cooperatives: EdData and Middlesex Regional ESC, Energy purchasing through ACES
Insurance Cooperatives – State Health Plan, Workers Compensation and Property/Casualty coverages
Shared Business Administrator with Mountainside

10. School Year Tax Impact
OPERATING BUDGET tax levy is below Cap – up $142,617 or 1.9% NO USE OF Banked CAP – additional $243,223 was available
$ CHANGE
% CHANGE
General Fund Tax Levy
$ 7,506,145
$7,648,762
$ 142,617
1.90%
Debt Service Tax Levy
$ ,400
$ 519,850
$ ,450
.28%
Total Tax Levy
$ 8,024,545
$8,168,612
$ 144,067
1.79%

11. Calendar Year Tax Impact
2016
2017
$ CHANGE
% CHANGE
Total Tax Levy
$ ,978,023
$ ,103,554
$ ,531
1.57%
Net Taxable Valuation
$ ,738,985
$ ,801,557
$ ,572
.03%
Total Tax Rate
4.27%
4.34%
.07%

12. 2017 Tax Impact on Home Value
Assuming Home Assessment = $100,000
Total School Tax Levy = $4,338
Increase from Prior Year = $66

13. Future Considerations
Cost Growth in Excess of 2% tax levy cap
Chapter 78 Health Benefits Contributions have Capped Out