1. Bradley Beach Board of Education
Budget Presentation
Tuesday April 24, 2018

2. Bradley Beach of Education 2018-2019 Budget Timeline
March 20: Preliminary Budget Adoption
March 27: Executive County Superintendent Approval
April 24: Public Hearing

3. Legislation Impacting 2018-2019 Budget The Tax levy Cap Law
Limits the increase in the tax levy to 2%
Automatic tax levy waivers are available to districts to increase their tax levy above 2% for such things as increase in enrollment, health benefits and utilization of bank cap

4. Banked Cap Allows a district to increase it’s tax levy more than 2%
Districts that have not increased their tax levy in prior years to 2% can save (bank) the difference between the maximum 2% and the amount that the district did raise
Bank Cap is available for three years after being created

5. 2018-2019 Cap Banking Eligibility
Generated in
Generated in
Generated in
Generated in
Bank Cap Available $0
$18,770
$80,555
Amount Expiring
Available Banked Cap Carried Forward
Bank Cap Available in
$99,325

6. The Budget Provides
Commitment to the improvement of facilities, as we will have a bid on Stairwell #1
Further development and support of the One-to-One Program, as well as providing classroom teachers secondary supplies such as Elmos and projectors
Commitment to the development of Writer’s Workshop through the purchase of materials and training
Development of Reader’s Workshop through the purchase of materials and training
Commitment to the ongoing Strategic Plan with the purchase of a new Math program, as well as the purchase of the second half of the Science program

7. The 2018-2019 Budget Provides (continued)
Supporting the proposed goals for the Five Year Strategic Plan
Facilities – Fixing stairwell #1. Purchases to continue to supply classrooms with Smart technology, as well as secondary technology
Curriculum – Supports writing curriculum for Science, Language Arts, and Mathematics. Supports the development of new Science program supplies, new Math program, and development of Reader’s and Writer’s Workshop
Maintains Small Class Sizes
Maintains all athletics and arts program
Maintains the expanded Pre-School program

8. State Aid Calculation 2018-2019 State Aid
Categorical Special Education Aid
$221,110
Categorical Security Aid
134,097
Categorical Transportation Aid
85,575
Adjustment Aid
652,777
Total State Aid
$1,093,559

9. General Fund Balance In essence the Board’s Savings Account
Limited by law to the greater of $250,000 plus allowable adjustments or 2% of the general fund budget plus allowable adjustments
Fluctuates from year to year

10. General Fund: Other Revenue and the Tax Levy
Miscellaneous Revenue: $10,000
Tuition From Individuals: $15,250
Tax Levy: $5,977,008

11. 2017-2018 Revised Revenues (as of 2/1/18)
General Fund Revenues
Revised Revenues (as of 2/1/18)
Proposed Revenues
State Aid
$1,050,018
$1,093,559
Fund Balance
255,824
201,835
Unrestricted Miscellaneous Revenue
14,750
10,000
Tuition From Individuals
15,250
Adjustment for Prior Year Encumbrances
6,584
n/a
Tax Levy
5,859,812
5,977,008
Total General Fund
$7,202,238
$7,297,652

12. General Fund Appropriations
Revised Appropriations
(as of 2/1/18)
Proposed Appropriations
Total Current Expense
$7,170,977
$7,271,490
Total Capital Outlay
31,261
26,162
Total General Fund
$7,202,238
$7,297,652

13. Advertised Appropriations
Description/Activity
Appropriations
Regular Program
$2,125,068
Special Education
$30,010
Basic Skills
$1,000
Bilingual Education
$57,937
Co/Extra-Curricular Activities
$41,602
School Sponsored Athletic Activities
$42,880
Before/After School Program/Summer
$30,230

14. Advertised Appropriations
Description/Activity
Appropriations
Tuition – Grades 9-12 and Special Education
$1,930,708
Attendance and Social Work Services
$59,060
Health Services
$75,663
Student Related & Extraordinary
$135,931
Child Study Team
$272,291
Improvement of Instructional Services
$111,717
Instructional Staff Training Service
$8,000

15. Advertised Appropriations
Description/Activity
Appropriations
General Administration
$285,153
School Administration
$15,407
Central Service
$172,542
Admin Info Technology
$27,160
Operation & Maintenance
$609,239
Transportation
$257,441
Employee Benefits
$982,451

16. Advertised Capital Outlay Appropriations
Description/Activity
Appropriations
Assessment on SDA Project
$21,662
Equipment
$3,500
Interest on Capital Reserve
$1,000

17. Budget Summary Comparison 2017-2018 vs 2018-2019
$ Diff.
General Fund Tax Levy
$5,859,812
$5,977,008
$117,196
Assessed Valuation
$1,151,140,100
$1,89,084,100
$37,944,000
General Fund Tax Rate per $100 of Assessed Value
$0.5090
$0.5027
$(0.0063)
Total School Tax Rate (General Fund & Debt) Per $100 of Assessed Value
$0.5241
$0.5173
$(0.0068)

18. Tax Impact 2018-2019 Budget Annual Tax on a Home with the following:
Example 1
Example 2
Example 3
Difference
Example 3 & 1
Example 3 & 2
Average Residential Assessment
$520,121
$546,917
Using average residential assessment
$26,796
$0.00
Annual General Fund Tax
$2,647.42
$2,783.81
$2,749.35
$101.93
$(34.46)
Annual School Tax (General & Debt)
$2,725.95
$2,866.39
$2,829.20
$103.25
$(37.19)

19. Budget Accomplishments
Ensures fiscal responsibility, while addressing the needs of all students
Begins the process of necessary facility upgrades
Supports and further develops the One-to-One Program
Continues the development and implementation of new curriculum
Meets state mandates
Provides for continued staff development
Maintains current educational programs, athletics, and arts