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 HILOSOPHY “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 our students for the future.”
2019-2020 B UDGET T IMELINE 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
2019-2020 B UDGET P ROCESS ? 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 and independent verification of costs with third parties involved. ⚫ 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: ? James Worth– Board President ? Noelle Giblin – Board Vice President ? Dr. Boccuti – Superintendent, Principal, CSA ? Denise McCarthy – School Business Administrator, Board Secretary
2019-2020 B UDGET A SSUMPTIONS ? Revenue highlights: ⚫ Historical budgeting: ? 2017-2018 – Actual and Audited ? 2018-2019 – Actual (will be audited June 30, 2019) ? 2019-2020 – Projected ⚫ No use of banked cap – Eligible to use $270,276. $35,875 is expiring in 2019-2020 school year. ⚫ Stay within 2% tax levy cap: 2% for 2019-2020, .9 % for 2018-2019, -.25% for 2017-2018, 1.9% for 2016-2017 ⚫ Grants – Estimated 80% from current year ⚫ Zero based budgeting – Wherever possible
2019-2020 B UDGET A SSUMPTIONS ? Expenditure highlights: ⚫ Historical budgeting: ? 2017-2018 – Audited ? 2018-2019 – Actual (Will be audited June 30, 2019) ? 2019-2020 – Projected ⚫ Research: ? 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. Auditor, AP IT accounting and payroll software, NJSBIG, SHBP ⚫ Current staffing – 2019-2020 assignments TBD
2019-2020 B UDGET A SSUMPTIONS ? Staffing: ⚫ Teachers ? Full time equivalent (FTE 27.7) ⚫ 10 Month Employees ? Paraprofessionals, Full time equivalent (FTE 4.1) ? Aides, Part time hourly (2.8) ⚫ 12 Month Employees ? Administrators, Technology Full time equivalent (FTE 4.2) ? Confidential Secretaries, Full time equivalent (FTE 4) ? Custodians, Full time equivalent (FTE 3.3) ⚫ Total FTE 46.1 (2018-2019 Total FTE 50.1)
2019-2020 B UDGET A SSUMPTIONS ? Continue to right-size the staff: 46.1 FTE in 2019-2020 from 50.1 FTE in 2018-2019 ⚫ Increase SBA,BS position from .5 FTE to 1.0 FTE (+.5 ⚫ FTE) Elimination of vacant paraprofessional position (-1.0 FTE) ⚫ Elimination of intervention position moved to grade 1 ⚫ vacancy (-1.0 FTE) Elimination of science position (-1.0 FTE) ⚫ Elimination of middle school mathematics position (-1.0 ⚫ FTE) Reduction of middle school social studies position from 1.0 ⚫ FTE to .5 FTE (-.5 FTE) Total FTE net reduction for 2019-2020 – 4.0 FTE ⚫
S TRATEGIC S HAREHOLDERS ? The 2019-2020 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 Their support is greatly appreciated!
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 REVENUE 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 EXPENSES 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
T AX L EVY Local tax levy: $6,600,671 Average Home: $2,038,359 Average homeowner increase: $72.23 Banked cap: • Remaining for future budgets: $234,401
R ESERVES 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
2019-2020 D EBT SERVICE Debt – Principal: $155,000 Debt – Interest: $ 6,200 Debt Service Aid: ($ 49,672) Local Tax Levy: $111,528
S UMMATION ? Maintain: ⚫ Progressive, high performing school district focused on teaching, learning, and improving student achievement ⚫ 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 Monmouth Beach (2018-2019), Spanish with Wall Township (2018-2019), Building utilization with Spring Lake Heights ⚫ Use of State Contract and State Cooperatives for purchasing materials and energy costs ⚫ Continue to explore opportunities with the Borough
T HIS IS WHO WE SERVE EVERY DAY !
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