2018-2019 Final Budget Presentation Dr. Raymond J. Boccuti - - PowerPoint PPT Presentation
S PRING L AKE S CHOOL D ISTRICT H.W. M OUNTZ S CHOOL 2018-2019 Final Budget Presentation Dr. Raymond J. Boccuti Superintendent, Principal, CSA Ms. Louise B. Davis Interim School Business Administrator, Board Secretary B UDGET P HILOSOPHY
December 21, 2017 Begin Budget Process: Revenue Projection based on 2% Levy, flat State aid January 16, 2018 State released: Private School Tuition Rates (NJDOE Finance Website) January 17, 018 Administration Meeting Kickoff – Begin Weekly Meeting Updates-Google docs format January 17, 2018 First Download (State Budget) – No Revenue-Appropriations Only February 5, 2018 Ad Hoc Finance Committee Meeting #1 February 19, 2018 Teachers/Staff Budget Requests February 20, 2018 Ad Hoc Finance Committee Meeting #2 February 27th Governor’s Address-State aid released 48 hrs. after speech – Tentative date March 15, 2018 State Aid Figures (Second Download) – Tentative on Governor’s Address date March 5, 2018 Ad Hoc Finance Committee Meeting #3 – May have State Aid March 26, 2018 Preliminary Budget Presentation and Action To Submit at BOE Regular Meeting March 7, 2018 Teachers/Staff Budget Request Deadline March 29, 2018 Deadline: Submit Preliminary Budget to ECS for review & approval April 17, 2018 Ad Hoc Finance Committee Meeting #5 – Public Hearing Budget Presentation Prep April 19, 2018 Deadline: Advertise in The Coast Star for April 24 publishing (4 days prior to hearing) April 24, 2018 County Approval: Last Day April 24, 2018 Budget Hearing (Public): Earliest Day April 24, 2018 BOE and Public Hearing (Presentation) & Adoption at BOE Action Meeting April 26, 2018 Deadline: Post User-Friendly Budget on website (within 48 hours after public hearing) May 7, 2018 Budget Hearing (Public): Last Day May 14, 2018 Deadline: Adopt Budget and Submit Final Budget to the State May 14, 2018 Deadline: Certification – Submit to County Board of Taxation
Starts with the Administrative Team: Historical analysis of three fiscal years: Audited, to budgeted,
Projection of conservative revenue Projections of actual expenditures with conservative
Zero-based, ongoing, administrative team review of
Review of ongoing progress with the Board of Education’s ad
Vincent Daino – Board President Alan Ferraro – Board Dr. Boccuti – Superintendent, Principal, CSA Ms. Davis – Interim School Business Administrator, Board Secretary
2016-2017 – Actual and Audited 2017-2018 – Actual (will be audited June 30, 2018) 2018-2019 – Projected
2014-2015 – Audited 2015-2016 – Audited 2016-2017 – Audited 2017-2018 – Actual (will be audited June 30, 2018)
Ongoing projection of enrollment Survey staff on life changes (e.g. healthcare, retirement, etc.) Healthcare, insurance – Up estimated 13% Contact as many vendors as possible for next year’s pricing
Full time equivalent (FTE 31)
Paraprofessionals, Full time equivalent (FTE 5.9) Aides, Part time hourly (4)
Administrators, Full time equivalent (FTE 3.5) Confidential Secretaries, Full time equivalent (FTE 4) Custodians, Full time equivalent (FTE 3) Custodian, Part time hourly (1)
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
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
$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
$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
Assemblies Class trips Curricular enhancements Extra curricular activities Facility/grounds maintenance and improvements Professional development Technology
School Year 2016-2017 2017-2018 2018-2019 Fund 10 - General Audited Actual Proposed Local Tax Levy - General Fund $6,378,991 $6,363,044 $6,420,305 Tuition from Individuals $123,525 $159,000 $165,000 Interest - Miscellaneous $97,271 $3,500 $3,500 Interest - Maintenance Reserve $2,686 $0 $0 Avon Child Study Team $0 $28,000 $28,000 State Aid $263,141 $197,310 $233,324 Budgeted Fund Balance $0 $586,052 $727,372 Reserve - Capital Withdrawal $37,500 $100,000 $0 Reserve - Maintenance Withdrawal $50,000 $75,000 $0 Reserve - Tuition Withdrawal $73,000 $0 $0 Reserve - Tuition Excess Withdrawal $0 $80,255 $0 Reserve - Emergency Withdrawal $0 $0 $250,000 Prior Year Encumbrances $0 $103,250 $0 Actual Revenue Adjustment
$0 $0 Fund 10 - General Total $6,882,205 $7,695,411 $7,827,501 Fund 20 - Grants Audited Actual Proposed Local New Jersey $150,511 $157,643 $133,997 Federal $96,630 $142,546 $121,164 Fund 20 - Grants Total $247,141 $300,189 $255,161 Fund 40 - Debt Service Audited Actual Proposed Local Tax Levy - Debt Service $131,083 $123,635 $116,163 State Aid - Debt Service $58,386 $55,065 $51,737 Adjustment $6 $0 $0 Fund 40 - Debt Service Total $189,475 $178,700 $167,900 Total Revenue $7,318,821 $8,174,300 $8,250,562
School Year 2016-2017 2017-2018 2018-2019 Fund 11 - General Audited Actual Proposed Instruction - Regular Programs $1,748,948 $1,820,124 $1,829,830 Instruction - Special Education $262,846 $274,326 $291,968 Instruction - Basic Skills $6,393 $7,700 $7,700 Extracurricular Activites $29,996 $32,779 $32,779 Athletics $35,413 $34,640 $35,050 Tuition $1,535,683 $1,838,759 $1,844,719 Attendance $43,733 $48,218 $48,218 Health $78,858 $85,355 $85,340 Speech, OT, PT $120,086 $134,451 $114,451 Special Education Extraordinary Aid $71,941 $105,175 $85,175 Child Study Team $201,345 $217,721 $218,889 Instructional Services $161,059 $170,636 $171,044 Media $198,332 $236,578 $221,683 Professional Development $17,797 $28,129 $24,500 General Administration $151,317 $195,605 $148,625 School Administraton $78,666 $81,949 $85,055 Central Office $145,150 $121,197 $75,534 Administration Technology $8,973 $42,138 $2,850 Maintenance $163,771 $133,520 $182,979 Custodial Services, Energy $362,310 $417,214 $425,548 Buildings and Grounds $36,498 $28,540 $28,200 Security $27,612 $32,449 $32,679 Transportation $429,919 $520,610 $528,205 Allocated Benefits $34,000 $0 $0 Unallocated Benefits $844,634 $966,126 $1,031,567 Fund 11 - General Total $6,795,280 $7,573,939 $7,552,588 Fund 12 - Capital Projects $55,449 $100,913 $250,913 Fund 13 - Summer School $31,476 $20,559 $24,000 Fund 20 – State, Federal Grants $247,141 $300,189 $255,161 Fund 40 - Debt Service $189,475 $178,700 $167,900 Total Expenditures $7,318,821 $8,174,300 $8,250,562
School Year 2016-2017 2017-2018 2018-2019 Recap of Balances - Reserves Audited Actual Proposed Unassigned Beginning Balances $325,793 $390,699 $495,612 Restricted Legal Reserve $990,783 $992,944 $481,760 Capital Reserve $580,047 $480,047 $480,047 Maintenance Reserve $324,977 $249,977 $249,977 Emergency Reserve $250,000 $250,000 $0 Tuition Reserve $73,000 $0 $0 Restricted Reserve (Minimum Surplus) $250,000 $250,000 $250,000
19/20 SY 18/19 SY 17/18 SY 16/17 SY 15/16 SY 14/15 SY 13/14
Excludes State Debt Service Aid
Principal Interest
Progressive, high performing school district focused
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
Currently – Child Study Team with Avon 2018-2019 – SBA, BS with Monmouth Beach