1. West Deptford Township School District
Final School Budget Presentation April 24, 2017

3. The Budget Process A budget is a plan, not an absolute
Unlike a municipal budget which is finalized during the fiscal year, the school budget is finalized months in advance of implementation. Therefore, although finite in its totality, a budget must be flexible to meet changing needs.
Nevertheless, it is constrained by rules more than ever

4. Budget Process
Begins late fall with unit heads being given a target number based on anticipated aid
Submit staffing requests
Submit overall operating budgets
December/January-budget meetings held and initial adjustments are made if necessary
January/February- data is entered into budget program

5. Process continued March 2nd (this year)- receive state aid figures
Based on state aid figures, challenges have been created throughout the state in school districts
Mid March- tentative budget is formulated
Board approves the tentative budget (March 20) and it is submitted to the county office for review
Board Budget Hearing on final budget – April 24

6. BUDGET GOALS & PRIORITIES
Increase Student Achievement
Continue our 1:1 Technology Initiative
Maintain ALL instructional programs (core subjects, related arts, specialized programs)
Maintain current class sizes
Continue with Curriculum mapping work
Purchase Math Series for K-4
Purchase Science Series 5-8
Purchase Writing Kits
Purchase Leveled Readers
Maintain our extra-curricular programs
Maintain and upgrade our facilities
Balance district needs with respect to the tax levy

7. State Aid as a percentage of Budget 2001 -2018
= 32.3%
= 31.6%
= 31.0%
= 30.5%
= 29.83%
= 27.08%
= 26.49%
= 30.65%
= 30.23% ($12,511,152)
=26.1% ($10,444,666)
=26.7% ($10,858,460) ($413,794 received but not applied in 11-12)
= 27.2% ($11,531,659 – a 2.3% increase over final aid)
= 27.04% ($11,973,549; -a 5.3% increase over final aid)
= 26.85% ($12,031,649– a .49% increase over final aid)
= 26.35% ($12,031,649 – a 0% increase final aid!)
= 25.86% ($12,146,669 – a .94% increase!)
= 26.07% ($12,146,669) No increase

8. 2017-2018 Budget Last Year’s General Fund - $ 47,159,428
This year’s General Fund - $46,576,358
The new proposed budget compared to the budget represents a decrease of $583, 070 (1.24%)
The proposed preliminary budget contains a 2% tax levy increase equal to $637,610.
The new proposed tax levy is $32,518,104* which is $762,266* more than the tax levy from the budget.

9. What is the tax impact?
= 12.9 cents
= 9.9 cents
= 6.9 cents
= 12.6 cents
= 6.6 cents
= 6.2 cents
= 9.9 cents
= 5.1 cents
= cents or 1/3 of a penny decrease
=-.107 cents 1/10 of a penny decrease
= 18.5 cents(Reduced to 12 cents by the township)
= .91 cents or 9/10 of a penny decrease for the average home owner (assessed value of $208, 151)
= 4.81 cents
= 9.59 cents reduced to 6.01 cents (debt service)
= reduced to 8.84 cents after round 2 cuts
2015 – 2016 = 9.48 (7.81 cents General fund;1.68 cents Debt Service)
= 7.55 reduced to 7.15 (5.765 cents General Fund; 1.38 cents Debt Service)
= 4.55 (3.683 cents General Fund; .867 cent Debt Service)

10. Tax Impact
Tax Rate with 2% Tax Levy is 4.55 cents per hundred increase.
Plus .867 cents for debt service
In order to reduce the tax impact: $224,376 would have to be cut from the budget to reduce the tax increase by one cent per hundred.

11. How will this affect the average homeowner
How will this affect the average homeowner?($199,947 assessed valuation*)
Tax Rate
Annual Cost for Average Homeowner
Monthly Cost for Average Homeowner
Annual Cost if property values were =
4.55 cents
$186.30
$15.53
$180.44
16-17
(7.15 cents)
($95.34)
($7.94)
* 2017 Home Value

12. Questions ???