2016-2017 Final Budget Presentation Dr. Raymond Boccuti - - PowerPoint PPT Presentation

SPRING LAKE SCHOOL DISTRICT H.W. MOUNTZ SCHOOL

2016-2017 Final Budget Presentation

• Dr. Raymond Boccuti – Superintendent
• Mr. Nick Mackres – Business Administrator
• Mrs. Kerri Walsifer – Director of Student Services
• Mr. Chris Soto – Director of Technology

BUDGET PHILOSOPHY

¢ “The H.W. Mountz School of the Spring Lake

School District is a 2015 National Blue Ribbon Award, Pre-K to 8, educational institution committed to excellence in teaching, learning, and improving student achievement.”

¢ “The budget of the school district strongly

maintains, and continually improves, the integrity of the instructional program keeping the school district on the cutting edge of preparing

• ur students for the future.”

BUDGET TIMELINE

January 1 Released: Private School Tuition Rates (NJDOE Finance Website) January 19 Ad Hoc Finance Committee Meeting #1 January 20 First Download (State Budget) February 2 Ad Hoc Finance Committee Meeting #2 February 23 Governor’s Address February 25 Expected State Aid Figures (Second Download) March 3 Ad Hoc Finance Committee Meeting #3 March 15 Ad Hoc Finance Committee Meeting #4 March 18 Ad Hoc Finance Committee Meeting #5 March 21 Preliminary Budget Presentation and Action To Submit at BOE Regular Meeting March 22 Deadline: Submit Preliminary Budget to County Superintendent April 19 Deadline: Advertise in The Coast Star for April 21 publishing April 25 County Approval: Last Day April 25 Budget Hearing (Public): Earliest Day April 26 BOE and Public Hearing (Presentation) & Adoption at BOE Action Meeting May 9 Budget Hearing (Public): Last Day May 19 Deadline: Submit Final Budget to the State

BUDGET PROCESS

¢ Starts with the Administrative Team: — Historical analysis of three fiscal years: Audited, to budgeted,

to projected

— Projection of conservative revenue — Projections of actual expenditures with conservative

contingencies guided by the state and auditor

— Zero-based, ongoing, administrative team review of

every line in the proposed budget

— Review of ongoing progress with the Board of Education’s ad

hoc Finance Committee:

¢ Vincent Daino – Board President ¢ Alan Ferarro – Board ¢ Dr. Boccuti – Superintendent ¢ Nick Mackres – Business Administrator ¢ Kerri Walsifer – Director of Student Services

BUDGET ASSUMPTIONS

¢ Revenue highlights: — Historical budgeting:

¢ 2014-2015 – Audited ¢ 2015-2016 – Budgeted ¢ 2015-2016 – Actual (to become audited) ¢ 2016-2017 – Projected

— No use of banked cap — Stay within 2% tax levy cap – 1.9% for

2016-2017

— Grants – 85% from current year

— Zero based budgeting – Wherever possible

BUDGET ASSUMPTIONS

¢ Expenditure highlights: — Historical budgeting:

¢ 2014-2015 – Audited ¢ 2015-2016 – Budgeted ¢ 2015-2016 – Actual (to become audited) ¢ 2016-2017 – Projected

— Research:

¢ Ongoing projection of enrollment ¢ Survey staff on life changes (e.g. healthcare, retirement, etc.) ¢ Healthcare, insurance – Up 10% ¢ Contact as many vendors as possible for next year’s pricing

— Current staffing – 2016-2017 adjustments

BUDGET ASSUMPTIONS

¢ Staffing: — Teachers

¢ Decrease one teacher ¢ Increase social worker from one to two days per week ¢ Full time equivalent (FTE 30.8 to 30)

— 10 Month Employees

¢ Status quo with para professionals (FTE 8.88) ¢ Status quo with aides (FTE 1.979)

— 12 Month Employees

¢ Add hourly technology support one day per week ¢ Status quo with administrators, secretaries, custodians ¢ FTE 11.6 to 11.8

BUDGET - GOOGLE SHEETS EXAMPLE

Account Number Description 14-15 Audited 15-16 Budget 15-16 Adjusted 15-16 Available 16-17 Projected Delta (Proj/Adj) Notes 11-000-100-561-00 TUITION OTHR LEA'S NJ RG 831,485 652,881 716,878 1 $743,192 3.7% $139,000 Manasquan HS: Grade 9: 10 Students $95,886 Manasquan HS: Grade 10: 7 Students $246,564 Manasquan HS: Grade 11: 18 Students $246,564 Manasquan HS: Grade 12: 18 Students ($27,622) Manasquan HS: Tuition Adjustment SY 14-15 $27,800 Red Bank Regional: 2 students @ $13,900 each $14,000 Red Bank Regional: Potential 1 student $1,000 Anticipated Increase: Red Bank Regional $0 MHS, 14/15 $13,100, 15/16 $13,200, 16/17 $13,900 11-000-100-562-00 TUITION OTHR LEA'S NJ SP 123,405 201,460 155,550 260 $222,846 43.3% $60,000 Manasquan Resource Room (Historical) $40,966 Howell Twp Tuition, Student $5,462 Howell Twp ESY Tuition, Student $21,650 Howell Twp Aide, Student $1,823 Howell Twp ESY Aide, Student $62,000 Anticipated Additional Elementary School Student $3,500 Wall - ESY - 1 student $21,445 Manasquan LLD - Student, (15/16-$19,501, 16/17-$21,445) $6,000 Increase of 3% of anticipated cost of tuition of students 11-000-100-563-00 TUITION TO COUNTY VOC RG 79,846 79,560 85,680 $99,840 16.5% $18,720 BioTech $18,720 Hi Tech High $18,720 Allied Health $18,720 Communications $24,960 Anticipated Student x 4 (9th Grade) $0 2016/17 Rates = $6,240

BUDGET - GOOGLE SHEETS EXAMPLE

Account Number Description 14-15 Audited 15-16 Budget 15-16 Adjusted 15-16 Available 16-17 Projected Delta (Proj/Adj) Notes 11-000-100-561-00 TUITION OTHR LEA'S NJ RG 831,485 652,881 716,878 1 $743,192 3.7% 11-000-222-300-00 OTHER PURCHASED PROF SRV 13,405 13,435 14,088 76 $16,745 18.9% $3,286 Learning A-Z Education $4,595 Discover United Streaming $2,295 Brainpop & Brainpop Jr & Espanol $0 Choice Literacy $2,294 Microsoft Licensing $1,500 PebbleGo $1,650 Smart Notebook Upgrade $125 Enchanted Learning $1,000 Anticipated Increase & New Programs 11-000-222-500-00 OTHR PURCH SERVICES 21,544 18,237 18,237 11,401 $10,883

• 40.3%

$1,000 Server Warranty $1,996 Sonic Wall Maintenance & Updates $550 Follett Software for Library $3,367 Schoolwires (webstie and mobile app) $0 Service Contract for TV Studio - Video Corp America ($6,500 normally). N $500 Smartnet 24*7*4 $1,270 E-rate Services $1,200 Unitrend Recovery Cloud 1tb backup - SHI $1,000 Anticipated Increase 11-000-222-600-01 LIBRARY BOOKS & PERIODIC 4,951 5,000 5,679 3,087 $5,000

• 12.0%

$3,400 Library Books & Periodicals $1,600 Magazine Subscriptions 11-000-222-600-02 LIBRARY SUPPLIES & MATER 203 1,000 1,000 479 $1,000 0.0% Library Supplies 11-000-222-600-03 TECHNOLOGY SUPPLIES AND 9,687 3,000 2,321 1,189 $2,231

• 3.9% ZoneDirector 1200 + 2 AP + Support

COUNTY TAX RATES

County 17%

Municipalities 24%

Schools 59% School 28% Municipa l 32% County 40%

Spring Lake Property Taxes 2015 Distribution Monmouth County Taxes 2015 Distribution

2015 SCHOOL TAX RATES BY MUNICIPALITY:

Roosevelt Boro 1.879 Upper Freehold Twp 1.760 Millstone Twp 1.745 Aberdeen Twp 1.714 Wall Twp 1.700 Allentown Boro 1.689 Howell Twp 1.630 Matawan Boro 1.622 Hazlet Twp 1.606 Freehold Twp 1.565 Marlboro Twp 1.459 Ocean Twp 1.431 Farmingdale Boro 1.386 Keyport Boro 1.364 Loch Arbour Village 1.355 Manalapan Twp 1.352 Atlantic Highlands Boro 1.344 Middletown Twp 1.333 Freehold Boro 1.327 Holmdel Twp 1.309 Neptune City Boro 1.303 Shrewsbury Twp 1.254 Highlands Boro 1.251 Little Silver Boro 1.248 Englishtown Boro 1.246 Fair Haven Boro 1.240 Shrewsbury Boro 1.230 West Long Branch Boro 1.202 Red Bank Boro 1.192 Colts Neck Twp 1.184 Tinton Falls Boro 1.183 Oceanport Boro 1.178 Union Beach Boro 1.166 Eatontown Boro 1.127 Neptune Twp 1.027 Keansburg Boro 1.008

Long Branch City 0.949 Brielle Boro 0.924 Manasquan Boro 0.876 Rumson Boro 0.818 Lake Como 0.815 Belmar Boro 0.794 Spring Lake Heights Boro 0.711 Sea Bright Boro 0.669 Monmouth Beach Boro 0.608 Asbury Park City 0.564 Bradley Beach Boro 0.512 Avon By The Sea Boro 0.388 Interlaken Boro 0.348 Sea Girt Boro 0.195 Spring Lake Boro 0.182 Deal Boro 0.100 Allenhurst Boro 0.059

STRATEGIC SHAREHOLDERS

¢ The 2016-2017 Budget maximizes each dollar

through collaborative efforts with:

— Parent Teacher Association (PTA) — Spring Lake Educational Foundation (SLED) — Booster Club

¢ Assemblies ¢ Class trips ¢ Curricular enhancements ¢ Extra curricular activities ¢ Facility/grounds maintenance and improvements ¢ Professional development ¢ Technology

REVENUES

School Year 2016-2017 Budgeted/Projected Revenues Proposed By Source Local Tax Levy - General Fund 6,378,991 $ 81.4% Local Tax Levy - Debt Service 131,083 $ 1.7% Debt Service Fund Aid 58,386 $ 0.7% State: State Aid 197,310 $ 2.5% State: Extraordinary Aid

• $

0.0% Fund Balance (Legal Reserve) 479,599 $ 6.1% Fund Balance (Unassigned) 925 $ 0.0% Fund Balance (Adjustment Prior Year) 0.0% Reserve, Capital 37,500 $ 0.5% Reserve, Debt Service 6 $ 0.0% Reserve, Maintenance 50,000 $ 0.6% Reserve, Tuition 73,000 $ 0.9% Shared Service: Avon 25,000 $ 0.3% Tuition Income, Pre-K 33,000 $ 0.4% Tuition Income, K-8 (Non-Resident Only) 78,000 $ 1.0% Interest 2,700 $ 0.0%

• Misc. Revenue

0.0% Under Exependitures 0.0% Prior Year Encumbrances 0.0% Grant, ESSA

• $

0.0% Grant, IDEA 98,877 $ 1.3% Grant, NCLB 38,882 $ 0.5% Grant, Non-Public (St. Catherine's) 151,420 $ 1.9% Grant, Safety 0.0% Total Projected Revenue 7,834,679 $

EXPENSES

School Year 2016-2017 Anticipated Expenses Proposed General Fund (Fund 10) Fund 11 (Current Expense) 7,281,598 $ Fund 12 (Capital Outlay) 38,413 $ Fund 13 (ESY) 36,014 $ Subtotal $7,356,025 Special Revenue Fund (Fund 20) IDEA 98,877 $ NCLB 38,882 $ NP - Auxiliary Services - Ch. 192 39,552 $ NP - Handicapped - Ch. 193 49,565 $ NP - Nursing 28,305 $ NP - Security 7,863 $ NP - Technology 8,177 $ NP - Textbook - Ch. 194 17,958 $ Safety Grant, NJSIG

• $

Subtotal $289,179 Capital Projects Fund (Fund 30) Projects Subtotal $0 Debt Service Fund (Fund 40) Debt Service Principal $165,000 Debt Service Interest $24,475 Subtotal $189,475

REVENUES

83% 8% 3% 4% 2% 0% 0%

Revenues:

Local Tax Levy Fund Balance & Reserves State Aid Grants Tuition Shared Service Interest

Revenues: Local Tax Levy 6,510,074 $ Fund Balance & Reserves 641,030 $ State Aid 255,696 $ Grants 289,179 $ Tuition 111,000 $ Shared Service 25,000 $ Interest 2,700 $ 7,834,679 $

EXPENSES

Expenses: Salaries 3,220,547 $ Tuition 1,676,231 $ Benefits 925,607 $ Transportation 387,072 $ Utilities 85,000 $ Insurance 48,000 $ Capital Outlay 38,413 $ Debt 189,475 $ Misc Instruction 1,264,334 $ 7,834,679 $

41% 21% 12% 5% 1% 1% 1% 2% 16%

Expenses:

Salaries Tuition Benefits Transportatio n Utilities Insurance Capital Outlay Debt Misc Instruction

SPECIAL EDUCATION

¢ Philosophy: — “To increase the opportunity of individuals

with disabilities to become fully functioning, productive, and co-equal member of society.”

— “…to embrace a world where individuals with

disabilities are included.” Oberti v. Board of Education (D.N.J. 1992)

¢ Special education costs are visible, special education

students are invisible.

¢ Free and appropriate public education (FAPE) ¢ Least restrictive environment (LRE) ¢ Scientific, data-based, evidence-based decisions

SPECIAL EDUCATION

¢ Child Study Team (CST): — The CST is a combination of full time and part

time professionals with unique certifications and expertise to meet consultation and crisis management.

— The current CST is a total of 8 professionals

who serve equivalent of 5.34 FTE’s to meet the needs of individualized education plans (IEP’s), 504 and related services plans, I&RS plans, and shared services with other school entities.

TECHNOLOGY

¢ 21st Century Philosophy: — “To prepare students with technological

knowledge to extend and enhance their ability to be effective communicators, independent and collaborative learners, creative and critical thinkers with the capacity to live, learn, and work successfully in society.”

¢ Technology devices in classrooms:

2013-2014 2015-2016

1 teacher computer 1 teacher computer 2 student computers 21 Chromebooks

TECHNOLOGY

¢ Technology devices in building:

Location 13-14 15-16 16-17

Computer labs 57 28 28

Classrooms 50 27 27 Library 26 14 14 Offices 21 20 20 Tablets in PK-1 18 18 Chrome./laptops 84 150 165 Totals 238 257 272

TECHNOLOGY

¢ Future – Virtual Lab and TV Studio — “To enhance the teaching and learning in

• ur school by expanding access to various

course work, projects, distance learning

• pportunities, field trips, and professional

development opportunities.”

¢ 3D printer ¢ Collaborative tables with shared TV

monitors

¢ Distance learning equipment ¢ LED interactive display ¢ Virtual reality computer ¢ Phase II of TV Studio upgrade

TAX LEVY

Local tax levy: $6,510,074 Average Home: $1,738,630 Average homeowner increase: $24.34 Banked cap:

• Expiring: $58,945
• Remaining for future budgets: $59,749

RESERVES

Reserve Balances

Name

UNASSIGNED (Unreserved General Opearting Budget) LEGAL RESERVE (Fund Balance) ADULT EDUCATION RESERVE CAPITAL RESERVE MAINTENANCE RESERVE TUITION RESERVE CURRENT EXPENSE EMERGENCY RESERVE DEBT SERVICE FUND DEBT SERVICE RESERVE FOR DEBT REPAYMENT Total A u d i t e d A u d i t e d E s t i m a t e d A n t i c i p a t e d

2013 - 14 2014 - 15 2015 - 16 2016 - 17

$405,698 $368,632 $250,925 $250,000 $1,025,363 $796,114 $479,599 $0 $0 $0 $0 $0 $576,585 $580,047 $580,047 $542,547 $421,849 $362,291 $322,291 $272,291 $148,000 $152,000 $73,000 $0 $250,000 $250,000 $250,000 $250,000 $0 $0 $0 $0 $24 $6 $6 $0 $2,827,519 $2,509,090 $1,955,868 $1,314,838

DEBT SERVICE

Debt – Principal : $165,000 Debt – Interest: $ 24,475 Debt Service Aid: $ 58,386 Local Tax Levy : $131,083

Debt Service:

$- $50,000 $100,000 $150,000 $200,000 SY 19/20 SY 18/19 SY 17/18 SY 16/17 SY 15/16 SY 14/15 SY 13/14

Total Debt Service

Excludes State Debt Service Aid

Principal Interest

SUMMATION

¢ Maintain:

— Progressive, high performing school district focused

• n teaching, learning, and improving student

achievement

— Fiscal consciousness and strength for the future — Reserves: Strategic Plan and emergencies ¢ Continue to close the gap ¢ Doing more with less ¢ Shared Services – Expansion where it makes

sense

THIS IS WHO WE SERVE EVERY DAY!

QUESTIONS & DISCUSSION