2017-2018 Final Budget Public Hearing Presentation Spring Lake - - PowerPoint PPT Presentation

2017-2018 Final Budget Public Hearing Presentation

Spring Lake School District H.W. Mountz School

• Dr. Raymond J. Boccuti

Superintendent, Principal, Chief School Administrator Nick Puleio Interim Business Administrator, Board Secretary May 4, 2017

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

• f preparing our students for the future.

Budget Philosophy

• School district is grounded in maintaining fiscal viability

for the future through:

• Recognize reality: Costs of expenditures exceed

state-capped increases in revenue

• Pursue an ongoing line by line analysis to reduce the gap

each year to achieve a balanced budget

• Maintain fiscally responsible reserves for self-sufficiency,

improvements, and unexpected emergencies

• Utilize those reserves in conservative, limited, and

responsible measures as carefully guided by the state and auditor

• Maximize revenue, decrease expenditures
• Maintain an innovative and progressive instructional

program beyond Blue Ribbon achievement to further excel through Strategic Planning

Budget Timeline (Updated)

Budget Process

• Starts with the Administrative

Team:

• Historical analysis of three

fiscal years:

• 2014-2015 Audited
• 2015-2016 Audited
• 2016-2017 Budgeted
• 2016-2017 Actual
• 2017-2018 Projected
• Conservative revenue

projections (e.g. non-resident tuition, shared services, etc.)

• Actual expenditure projections

with conservative contingencies guided by the state and auditor

Budget - Google Docs

• Collaboration through Google Docs
• One master budget document
• Instantaneous sharing
• Real time updating
• Revision history
• Three years of history
• Numerous stakeholders
• Accountable individuals with authority
• Corporate knowledge built forward
• 880+ accounts

Google Sheets Example

Budget Process (continued)

• Zero-based, 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 Ferraro – Board member
• Dr. Boccuti – Superintendent
• Nick Mackres, Nick Puleio –

Business Administrator/Board Secretary

• Administrative support:
• Kerri Walsifer – Assistant

Principal/Director of Student Services

• Christopher Soto – IT Coordinator

Maximizing Revenue

• Pursuing grant funding (e.g. IDEA, Title I, Title II,

etc.)

• Spring Lake School District PTA
• Spring Lake School District Educational

Foundation (SLED)

• While maintaining best practices in class size,

marketing non-resident student tuition

• Child Study Team providing shared services to
• ther sending school districts
• Maintain healthy reserves utilized in a limited,

responsible manner as guided and reviewed by the state and auditor

Reducing Expenditures

• Zero-based, Administrative Team review of every line in the

budget.

• Optimizing staff size to strongly support the finest possible

PreK-8 curricula (e.g. enrollment and program impact)

• The vast majority of the budget is in fixed costs:
• Salaries
• Benefits
• Special education
• Tuition
• Debt service
• We continue to learn to do more with less!

SPRING LAKE SCHOOL DISTRICT

SPRING LAKE SCHOOL DISTRICT

Reserves - Withdrawals

• Fund Balance – Legal Reserve - $511,184
• Tuition Reserve - $80,255
• Maintenance - $75,000
• Capital Reserve - $100,000

2017-2018 Budget Highlights

• Commitment to providing professional development
• pportunities to continually improve teaching,

learning, and student achievement

• Instructional resources that support curriculum and

College and Career Readiness

• Nationally recognized PreK-8 educational program

with high performance in mandated assessments

• Cutting edge technology that is continually

maintained and expanded

• Tax decrease of (0.25%) in 2017-2018 vs. a tax

increase of 1.9% in 2016-2017 and a tax increase of 2.9% in 2015-2016

2017-2018 Budget Highlights

• No banked cap withdrawal
• Increase art teacher from 0.6 FTE to 1.0 FTE:
• Continue to right-size the staff
• Social Worker from 0.2 FTE to 0.8 FTE
• Psychologist from 1.0 FTE to 0.6 FTE
• Speech Pathologist from 1.0 to 0.8 FTE
• Increase in buildings and grounds maintenance (e.g.

beautification, etc.)

• $10k Reduction in gas and electric for NJ Direct Install

Next Steps

• Continual Administrative Team daily

review for additional expenditure reductions

• Continual Finance Committee review of
• ngoing progress
• Tentative budget adoption – March 20,

2017

• Final budget public hearing and adoption –

May 4, 2017 BOE public meeting

Thank you! Questions?