2019-2020 Final Budget Presentation Dr. Raymond J. Boccuti - - PowerPoint PPT Presentation
S PRING L AKE S CHOOL D ISTRICT H.W. M OUNTZ S CHOOL 2019-2020 Final Budget Presentation Dr. Raymond J. Boccuti Superintendent, Principal, CSA Mrs. Denise McCarthy CPA, PSA, SFO School Business Administrator, Board Secretary B UDGET P
December 2018 Begin budget process: Revenue projection based on 2% levy and flat State aid January 2, 2019 State released: private school tuition rates (NJDOE Finance Website) January 2019 Administration meeting kickoff to begin daily and weekly Google Sheet work January 25, 2019 Ad Hoc Finance Committee meeting #1 February 1, 2019 Ad Hoc Finance Committee meeting #2 February 8, 2019 Ad Hoc Finance Committee meeting #3 February 22, 2019 Ad Hoc Finance Committee meeting #4 March 5, 2019 Governor’s Address March 7, 2019 State aid released March 11, 2019 BOE special meeting on preliminary budget.- Preliminary budget failed 3 to 2. March 15, 2019 Ad Hoc Finance Committee meeting #5 March 18, 2019 BOE special meeting on preliminary budget.- Preliminary budget passed 4 to 1. March 20, 2019 Deadline to submit preliminary budget to ECS for review and approval April 20, 2019 Last day for ECS approval April 24, 2019 Earliest day for public Budget Hearing April 25, 2019 Deadline: to advertise in the Coast Star for April 25 publishing (4 days prior) April 29, 2019 BOE regular meeting, Budget Hearing/Presentation, BOE approval and adoption May 1, 2019 Deadline to post User-Friendly Budget on website (within 48 hours of Budget Hearing May 7, 2019 Last day for Budget Hearing May 14, 2019 Deadline to adopt budget and submit final budget to the State May 14, 2019 Deadline for certification and submission to County Board of Taxation
? Starts with the Administrative Team: ⚫ Historical analysis of three fiscal years: Audited, to budgeted, to
⚫ Projection of conservative revenue ⚫ Projections of actual expenditures with conservative contingencies
⚫ Zero-based, ongoing, administrative team review of every line in the
⚫ Review of ongoing progress with the Board of Education’s ad hoc
? James Worth– Board President ? Noelle Giblin – Board Vice President ? Dr. Boccuti – Superintendent, Principal, CSA ? Denise McCarthy – School Business Administrator, Board Secretary
? 2017-2018 – Actual and Audited ? 2018-2019 – Actual (will be audited June 30, 2019) ? 2019-2020 – Projected
? 2017-2018 – Audited ? 2018-2019 – Actual (Will be audited June 30, 2019) ? 2019-2020 – Projected
? Ongoing projection of enrollment ? Survey staff on life changes (e.g. healthcare, retirement, etc.) ? Healthcare insurance – Up estimated 10% as of January 1, 2020 ? Contact as many vendors as possible for next year’s pricing, i.e.
? Full time equivalent (FTE 27.7)
? Paraprofessionals, Full time equivalent (FTE 4.1) ? Aides, Part time hourly (2.8)
? Administrators, Technology Full time equivalent (FTE 4.2) ? Confidential Secretaries, Full time equivalent (FTE 4) ? Custodians, Full time equivalent (FTE 3.3)
? Continue to right-size the staff:
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? Assemblies ? Class trips ? Curricular enhancements ? Extra curricular activities ? Facility/grounds maintenance and improvements ? Professional development ? Technology
School Year 2017-2018 2018-2019 2019-2020 Fund 10 - General Audited Revised Proposed Local Tax Levy - General Fund $ 6,363,044 $ 6,420,305 $ 6,548,711 Tuition from Individuals $151,647 $ 165,000 $ 162,000 Interest and Miscellaneous $ 28,796 $18,500 $18,500 Avon Child Study Team $28,000 $28,000 $28,000 State Aid $341,532 $233,324 $239,543 Budgeted Fund Balance $0 $727,372 $635,907 Reserve - Capital Withdrawal $0 $0 $0 Reserve - Maintenance Withdrawal $0 $0 $0 Reserve - Tuition Withdrawal $0 $0 $0 Reserve - Tuition Excess Withdrawal $0 $0 $0 Reserve - Emergency Withdrawal $0 $250,000 $0 Prior Year Encumbrances $0 $4,135 $0 Actual Revenue Adjustment $86,773 $0 $0 Fund 10 - General Total $6,999,792 $7,846,636 $7,632,661 Fund 20 - Grants Audited Revised Proposed State $181,084 $184,347 $147,476 Federal $137,766 $166,594 $133,276 Fund 20 - Grants Total $318,850 $350,941 $280,752 Fund 40 - Debt Service Audited Revised Proposed Local Tax Levy - Debt Service $123,635 $116,163 $111,528 State Aid - Debt Service $55,065 $51,737 $49,672 Adjustment $0 $0 $0 Fund 40 - Debt Service Total $178,700 $167,900 $161,200 Total Revenue $7,497,342 $8,365,477 $8,074,613
School Year 2017-2018 2018-2019 2019-2020 Fund 11 - General Audited Revised Proposed Instruction - Regular Programs $1,854,071 $1,874,167 $1,662,174 Instruction - Special Education $274,856 $360,549 $412,971 Instruction - Basic Skills $0 $200 $0 Extracurricular Activites $51,765 $32,779 $32,779 Athletics $32,915 $35,050 $35,050 Tuition $1,586,365 $1,833,933 $2,057,902 Attendance $46,618 $48,600 $50,101 Health $80,407 $88,105 $88,690 Speech, OT, PT $102,329 $115,251 $101,851 Special Education Extra. Services $81,089 $85,175 $85,500 Child Study Team $191,615 $225,909 $301,832 Instructional Services $144,350 $165,774 $170,638 Media $198,387 $236,923 $203,056 Professional Development $21,348 $24,500 $14,818 General Administration $199,425 $178,748 $115,959 School Administration $81,527 $85,400 $54,049 Central Office $133,234 $179,391 $107,232 Administration Technology $41,581 $9,475 $12,206 Maintenance $69,145 $78,632 $79,250 Custodial Services, Energy $330,014 $374,647 $429,513 Buildings and Grounds $21,043 $28,200 $28,725 Security $30,007 $23,679 $22,301 Transportation $414,654 $528,516 $536,244 Interest $0 $2,000 $2,000 Unallocated Benefits $925,920 $938,985 $989,252 Fund 11 - General Total $6,912,665 $7,554,588 $7,594,093 Fund 12 - Capital Projects $71,019 $268,048 $13,913 Fund 13 - Summer School $16,108 $24,000 $24,655 Fund 20 – State, Federal Grants $318,850 $350,941 $280,752 Fund 40 - Debt Service $178,700 $167,900 $161,200 Total Expenditures $7,497,342 $8,365,477 $8,074,613
School Year 2017-2018 2018-2019 2019-2020 Recap of Balances - Reserves Audited Anticipated Proposed Unassigned $635,838 $390,226 $250,000 Legal Reserve $977,441 $495,681 $0 Capital Reserve $518,008 $531,008 $544,008 Maintenance Reserve $249,977 $251,977 $253,977 Emergency Reserve $250,000 $0 $0 Tuition Reserve $0 $0 $0 Totals $2,631,264 $1,568,892 $1,047,985
⚫ Progressive, high performing school district focused on
⚫ Fiscal consciousness and strength for the future ⚫ Reserves: Strategic Plan, Long Range Plan, and emergencies ? Continue to close the gap ? Doing more with less ? Shared Services: ⚫ Currently – Child Study Team with Avon, SBA, BS with
⚫ Use of State Contract and State Cooperatives for purchasing
⚫ Continue to explore opportunities with the Borough