2019-2020 School Year SOUTH BOUND BROOK DISTRICT BOARD OF - - PowerPoint PPT Presentation
1 Proposed Budget For the 2019-2020 School Year SOUTH BOUND BROOK DISTRICT BOARD OF EDUCATION MEMBERS 2 Mrs. Allison Lih-Thiessen President Mrs. Janet Esposito Mrs. Nancy A. Santora Mrs. Constance Conner Ms. Edith Lima
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Dr.
se Go Goek eke Su Supe peri rintende ntendent nt/Principa /Principal
incent nt Car arav avello llo Sc School l Busines siness s Admi mini nist strator/ rator/ Board ard Se Secreta tary
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New Staff Devices Promethean Boards Middle School Security Camera Upgrades Access Points/Cabling Upgrades Flooring Upgrades. HVAC Units for MPR and Mcloughlin Gym. LED Lighting Upgrades
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Our school hosts over 150 community events at the facility at no charge
Continue to maintain below state average in administrative costs and Limits Utilizing our Shared Services available to the district to keep costs down Maintaining Taxpayer Relief
Providing new and innovative learning
students while holding fiscal accountability
Consistent Enrollment to maintain adequate state funding
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ERIC North Worker’s Comp. Insurance Consortium ACT Purchasing T elephone and Long Distance ACES GAS and Electric South Bound Brook Borough (snow removal, landscaping, trash and recycling) Middlesex Regional Educational Services Commission (supplies and special ed. services) Somerset County Educational Services Commission (Transportation) Hunterdon Regional Education Services Commission (CST) Ed Data Cooperative Bidding Services (Supplies and Time/Material) Rutgers Douglass Shared Services (CST)
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Lighthouse School
Programs
NJSLS
Security Improvements.
echnology Infusion within the classroom
that foster, sustain and expand relationships with the community
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(part 2 of 4 year project).
community involvement.
Elementary School Wing
needed
Vestibule for Madison Street Entrance.
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State Aid for History 2017-2018: $3,454,933 2018-2019: $3,627,680 2019-2020: $3,681,063 ($53,383 increase) School Development Authority Adjustment ($32,491) T
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Our Federal Grants includes the following:
Title I Title IIA Title III Title IV IDEA Basic IDEA Pre- K
Revenue Source 2018-2019 2019-2020 Estimated Increase/ Decrease % Change Tax Levy $6,149,056 $6,222,845 $73,789 1.20% Fund Balance $564,380 $560,681 ($3,699)
Misc Revenues $12,200 $58,388 $46,188 378.59% Total State Aid $3,702,680 $3,756,063 $53,383 1.44% Withdrawal
Reserve $520,000 $705,050 $185,050 35.59% Special Revenue $210,387 $220,185 $9,798 4.66% Debt Service $352,200 $334,900 ($17,300)
TOTAL REVENUE BUDGET $11,510,903 $11,858,112 $347,209 3.00%
6% 2% 1% 52% 2% 5% 32% State Aid Local Levy Misc Income Tax Relief Federal Grants Debt Service Levy Capital Reserve
Appropriations 2018-2019 2019-2020 Estimated Increase/ Decrease % Change T
Expenditures $3,156,814 $3,461,491 $304,677 9.65% T
$2,207,809 $2,233,472 $25,663 1.16% T
Costs $695,177 $666,724 ($28,453)
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Services $3,814,561 $3,970,151 $155,590 4.08% T
$1,040,849 $832,542 ($208,307)
Special Schools $33,106 $138,647 $89,041 318.8% Special Education Grants $210,387 $220,185 $9,798 4.66% Debt Service Payments $352,200 $334,900 ($17,300)
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$11,510,903 $11,858,112 $347,209 3.00%
Total Instruction Expenditures Total Tuition Total Administrative Costs Total Support Services Total Capital Outlay Total Special Schools Benefits Transportation Debt Service Grants
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Debt Service Payments Refinancing of 2001 Bond 2017-2018 $354,400 2018-2019 $352,200 2019-2020 $334,900 **Savings over life of bond: $246,713** *Last payment is June 30, 2022*
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General Fund Tax Levy Breakdown Amounts Maximum Allowable Levy $6,272,037 Budgeted Tax Levy 2019- 2020 $6,222,845 Tax Levy Relief (Difference) $49,192 Banked Cap Set To Expire (2016-2017 Budget) $50,866 Total General Fund Tax Levy Relief $100,058 Debt Service Tax Levy Breakdown Amounts 2018-2019 Debt Service $352,200 2019-2020 Debt Service $334,900 Total Debt Service Relief $17,300
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Amounts 2018-2019 T
Debt Service) $6,501,256 2019-2020 T
Debt Service) $6,557,745 Difference (Dollar Amount) $56,489 Difference (Percentage Amount) 0.87%
Overall Tax Impact Amounts For the Year $13.89 Per Month $1.16 per Month Per Day 0.05 cents per day
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2019-2020 Tax Calculations (General Fund Only) 2018-2019
Anticipated 2019-2020
Difference Local Tax Levy $6,149,056 $6,222,845 $73,789 Tax Rate 1.88% 1.88% 0.0056090% Taxable's $327,531,977 $329,613,568 $2,081,591 Average Assessed Valuation $240,330 $240,472 $142 Average Assessment $4,512 $4,540 $28 2019-2020 Tax Calculations (including Debt Service) 2018-2019
Anticipated 2019-2020
Difference Local Tax Levy $6,501,256 $6,557,745 $56,489 Tax Rate 1.9849% 1.9895% 0.0023188% Taxable's $327,531,977 $329,613,568 $2,081,591 Average Assessed Valuation $240,330 $240,472 $142 Average Assessment $4,512 $4,540 $28
New Jersey Department of Education’s Taxpayers Guide to Educational spending 2018 According to the most recent data, the South Bound Brook School district is listed as one of the more efficient Schools in New Jersey in the following areas: Out of the 67 total K-8 schools in New Jersey with 401-750 students: Budgetary Per Pupil Costs (#18 out of 67) Total Classroom Instruction Costs (#17 out of 67) Total Administration Costs (#18 out of 67) Administration Salary and Benefits (#15) Classroom Salaries and Benefits (#13) Salaries and Benefits for Support Services (#19 out of 67) Total Operations and Maintenance of Plant Costs (#21 out of 67) Ratio of Students to Administrative Personnel (#17 out of 67) Ratio of Students to Classroom Teachers and Salary (#13 out of 67) Extracurricular Costs (#17 out of 67)
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responsible manner, minimizing the impact on the local tax levy.
necessary tools to access a 21st century education.
emotional learning, culturally responsive instruction, technology, and content specialization.
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