1. Lebanon Borough Board of Education
2017/2018 School Year Budget

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

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

4. 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

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

6. 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
MID-YEAR AUDIT BY EXECUTIVE COUNTY SUPERINTENDENT

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

8. Budget proposal

9. Budget Goals
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

10. 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

11. 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 %

12. Shrinking schools?

13. Revenue and expenditures 2017-2018

14. Revenue

15. 2017/18 Total revenue $ 3,021,262

16. 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
$ ,540
$ 152,375 $
$ ,500 $
$ ,500
$ ,000
$ (21,540)
$ (152,375) $
$ ,000
Emergency Reserve
$ ,000

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

18. expenditures

19. 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

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

21. 13% Our piece of the Pie:

22. instructional Spending

23. Security and Safety Renovations 2017-2018

24. (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

25. (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

26. Budget questions may be sent to
Dr. Charles Maranzano