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HARDING TOWNSHIP SCHOOL DISTRICT 2014-2015 Tentative Budget Dr. Alex Anemone, Superintendent Dr. Dennis Frohnapfel, Interim Business Administrator March.

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Presentation on theme: "HARDING TOWNSHIP SCHOOL DISTRICT 2014-2015 Tentative Budget Dr. Alex Anemone, Superintendent Dr. Dennis Frohnapfel, Interim Business Administrator March."— Presentation transcript:

1 HARDING TOWNSHIP SCHOOL DISTRICT 2014-2015 Tentative Budget Dr. Alex Anemone, Superintendent Dr. Dennis Frohnapfel, Interim Business Administrator March 3, 2014

2 BOARD OF EDUCATION Mr. Dev Modi- President Mr. John Flynn - Vice President Mr. Jim Novotny Mrs. Kim Macaulay Mr. Davor Gjivoje

3 Budget Process and Timeline Fall 2013 – Administrative team identifies budgetary needs for 2014-2015 budget. Fall 2013 – Budget Guidelines crafted 12/2/13 – Preliminary Budget Presentation I 1/20/14 – Preliminary Budget Presentation II 2/25/14 – Gov. Christie Budget Address 2/27/14 – State Aid figures released 3/3/14 – Tentative Budget 3/20/14 – Tentative Budget submitted to ECS. 5/5/14 – Public Hearing on the Budget

4 PROPOSED 2014-2015 BUDGET Maintains conservative fiscal practices, easing the burden on taxpayers. Provides financial resources that support our district goal(s). Strong focus on core academic mission while maintaining emphasis on social-emotional learning, co-curricular activities as well as capital needs. When actual financial figures are not available, estimates are used. (HTEA, MPS, OOD, etc.)

5 2014-2015 BUDGET GUIDELINES Continue to fund all programs and services…working within the confines of the property tax levy cap. Protect free balance at a maximum level permitted by State law. Maintain staffing configuration. Continue to be conservative in the expenditures of public moneys.

6 2014-2015 BUDGET GUIDELINES Allocates funds for: Technology Plan Capital Improvements (LRFP) Local Professional Development Plan (LPDC) Develop a prudent budget that is aligned with the district’s instructional priorities, addresses the needs of all our students and allocates sufficient funds to ensure professional development for staff.

7 2014-2015 BUDGET GUIDELINES Continue to ensure that the financial planning process is integrated and aligned with the district priorities and includes planning objectives based on statewide assessments and the 2013- 2018 Strategic Plan. Derive budget expenditures from supplier quotations, official data and actual expenditures from previous years.

8 Non-Discretionary Expenses Projected increases: Salaries +1.5% Health Benefits +22% Part of this increase is directly related to implementation of the Affordable Care Act (ACA). Prescription +5% Special Education Out of District tuition +6% Transportation +2% Utilities/Maintenance overtime

9 Budget Highlights Maintains staffing configuration (two sections per grade) and all co-curricular activities. Math in Focus (Singapore Math) - grades K-5. Money budgeted for staff professional development and curriculum writing. Ongoing costs associated with Achieve NJ, TEACH-NJ, ABR implementation, Janet’s Law, transition to PARCC and the Common Core State Standards. (unfunded mandates)

10 Budget Highlights (cont’d) Measures of Academic Progress: grades 2-8. Otis Lennon School Ability Test: grade 3. Smartboard replacement cycle plus other technology improvements including new computers in L/MC lab. Meets all 2014-2015 Budget Guidelines as crafted by the Facilities and Finance Committee and adopted by the Board of Education.

11 REVENUE HISTORY Tax Levy 1997-2011 (average)6.01% increase 2011-20121.96% increase 2012-20131.78% increase 2013-20141.50% increase 2014-20152.81% increase State Aid 2009-2010~$360,000 2010-2011$0 2011-2012$181,191 2012-2013$225,137 2013-2014$225,137 2014-2015$233,677

12 REVENUE HISTORY Tax Levy % Increase


14 Capital Projects Elementary School Windows and Unit- Ventilators. Under the ROD (Regular Operating District) Grant, the State will pay for 40% of this project. The BOE local share is 60%. (summer 2014) Additional security measures (tbd).

15 2014-2015 Budget Operating Budget = $10,254,751 – Increase of $232,739 or 2.32% Total Budget = $10,846,024 – Increase of $213,624 or 2.01% Tax Levy Increase = 2.81% – Includes Health Care Adjustment of $18,226 – Includes Banked Cap from 2011-2012 of $54,523

16 Budget Efficiencies Budgeted excess surplus of $274,561. This represents an increase of $99,671 or 56.99%. Slight increase in state aid +$8,540. This represents an increase of 3.79% in Categorical State Aid. High quality Integrated Pre-K Program (ongoing). Legislated increases in staff members paying for health benefit premiums (Tier IV - up to 35% of premium). Continued shared services with Harding Township. Supply accounts. Tuition students (PK-8) included.

17 Revenues REVENUES2013-2014$ Changes2014-2015 Local Tax Levy (including banked cap of $54,523) $9,019,961$253,148$9,273,109 Tuition$78,400($26,100)$52,300 Transportation Fees$10,000None$10,000 Building Usage Fees$9,000None$9,000 Misc. Revenue$60,500($44,454)$16,046 State Aid (Categorical)$225,137$8,540$233,677 Extraordinary Aid (Sp. Ed.)$190,000$10,000$200,000 Budgeted Fund Balance$174,890$99,671$274,561 Withdrawal Capital Reserve$254,124($68,066)$186,058 Special Revenue (Federal)$75,788($12,240)$63,548 Local Tax Levy (Debt Svc.)$496,428($6,385)$490,043 Debt Svc. Aid$38,172($490)$37,682 TOTAL$10,632,400$213,624$10,846,024

18 Expenses – Fund 11 General Expenses2013-2014$ Changes2014-2015 Gen. Education Instruction$2,355,590$76,573$2,432,163 Sp. Ed. Instruction$956,201$38,240$994,441 Sp. Ed./Tuition$2,581,575$131,209$2,712,784 Attendance/Health/LMC$162,219$4,273$166,492 Improvement Instruction$204,857($45,982)$158,875 Support Svc. Gen. Admin.$304,926$4,151$309,077 Support Svc. School Admin.$24,583$12,792$37,375 Central Svc./IT Admin$136,561($3,635)$132,926 Operation/Mt. Plant$866,880$56,401$923,281 Student Transportation$845,689$32,935$878,624 Health Benefits$1,213,802$81,013$1,294,815 TOTAL – FUND 11$9,652,883$387,970$10,040,853

19 Expenses - Funds 11, 12, 20, 40 Expenses2013-2014$ Changes2014-2015 Total – Fund 11$9,652,883$387,970$10,040,853 Capital Outlay – Fund 12$369,129($155,231)$213,898 Special Revenue – Fund 20$75,788($12,240)$63,548 Debt Service – Fund 40$534,600($6,875)$527,725 TOTAL$10,632,400$213,624$10,846,024

20 ESTIMATED Tax Information 2014 Total Taxable Assessment =$2,027,888,710.00 2014 Average Residential Assessment =$1,196,734.56 Current Tax Rate = 0.463 Estimated Proposed Tax Rate = 0.475 Estimated Difference = 0.012 +2.53% increase

21 Budget Vote and Election In 2012, Gov. Christie signed legislation that eliminated the need for a public vote on the school budget if the budget remains at or below the two percent tax levy cap, including use of banked cap. On February 13, 2012, the Harding Township BOE adopted a resolution to move the annual school election from April to November beginning in 2012. Since the proposed 2014-2015 HTS budget is within the cap (including banked cap and health care adjustment) it will not be on the ballot in November. To comply with new NJDOE regulations, the Public Hearing on the budget has been moved to the May 5 BOE meeting. That meeting will begin at 7:30p.m. in the L/MC.

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