DISTRICT 2020-2021 BUDGET NEW: Budget maintains Meets the - - PowerPoint PPT Presentation

WEST ESSEX REGIONAL SCHOOL DISTRICT 2020-2021 BUDGET

Budget maintains existing district staff, academic

• fferings, extra-

curricular activities, and transportation NEW: Additional staff, classroom renovations, chromebooks for incoming 7th grade Meets the increases

• f salaries and

benefits and

• perational costs

Improving the Academic Environment of West Essex

BUD UDGET GET IN INFORMA FORMATION TION

BREAKDOWN OF BUDGET

Fund Fund 2020 2020-2021 2021 Total General Fund $ 41,437,872 Total Special Revenue Fund $ 263,000 Total Debt Service Fund $ 2,050,313 Totals als: $ 43,751 751,18 ,185 5

DETAILED EXPENDITURE BREAKDOWN

Ove verall ll Budget spendin ing is: 2019 2019-2020 Budget (Revis vised 2/1/2020) 2020 2020-2021 Propose sed Budget $ Change % Change Instructio ion: Regular Programs $ 12,764,113 $ 12,989,246 $ 225,133 1.76% Special Education $ 2,489,119 $ 2,417,656 $ (71,463)

• 2.87%

Servic ices: Extra-Curricular Activities $ 355,122 $ 358,426 $ 3,304 0.93% Athletics $ 1,346,363 $ 1,354,053 $ 7,690 0.57% Tuition $ 2,999,980 $ 3,006,256 $ 6,276 0.21% Attendance, Health Svcs, Guidance $ 1,197,952 $ 1,266,584 $ 68,632 5.73% Child Study Team $ 1,272,708 $ 1,194,305 $ (78,403)

• 6.16%

Instructional Staff Training Services $ 559,672 $ 567,792 $ 8,120 1.45% Media/Library Services $ 471,699 $ 584,871 $ 113,172 23.99% General Administration $ 814,950 $ 786,074 $ (28,876)

• 3.54%

School Administration $ 1,756,381 $ 1,782,555 $ 26,174 1.49% Central Services & Info Tech $ 609,497 $ 527,694 $ (81,803)

• 13.42%

Operations and Maintenance of Plant $ 4,162,113 $ 4,156,428 $ (5,685)

• 0.14%

Transportation $ 2,575,366 $ 2,653,088 $ 77,722 3.02% Employee Benefits $ 7,190,640 $ 7,459,474 $ 268,834 3.74% Capital Outlay $ 1,542,746 $ 333,370 $(1,209,376)

• 78.39%

Special Revenue Funds $ 425,379 $ 263,000 $ (162,379)

• 38.17%

Debt Service $ 2,116,900 $ 2,050,313 $ (66,587)

• 3.15%

TOTAL AL: $44,650,700 $43,751,185 $ (899,515)

• 2.01%

Regul ular ar Progr

• grams

ams 30% 30% Special ial Educ ucation tion 15% 15% Athlet letics & Extr tra- Curricu icular lar Activ ivities ities 4% 4% Attenda ndanc nce, Health lth & Guidan idance 3% 3% Media dia Service ice/Li Libr brary 1% 1% Instr truc uction tional Staff Trainin ining g Svcs 1% 1% Admini inistr tration ation 7% 7% Operati tion

• ns &

Maint ntenanc nce 9% 9% Trans nspor porta tati tion

• n

6% 6% Empl ployee

• yee Benefits

its 17% 17% Capita pital l Outla tlay 1% 1% Special ial Revenu nue Fund nd 1% 1% Debt t Service ice 5% 5%

Re Regul gular r Progra Programs Spe Special Educatio ducation At Athl hletics ics & & Ex Extra ra-C

• Curr

rricular lar Ac Activitie ivities At Attendanc ndance, He Health & & Guida Guidance nce Medi dia S Servi rvice/L /Library ibrary Instruc ructio ional St nal Staff Tr ff Train ining Sv ng Svcs Adm Admin inist istra ration

• n

Ope pera rations & M

• ns & Mainte

ntenance nance Tr Transport portatio ion Em Emplo ployee Be Benefi fits Capi pital O l Outlay lay Spe Special Revenue ue Fund Fund Debt bt Serv Service ice

WHERE THE MONEY IS ALLOCATED

REV EVENUES ENUES AN AND D TAX X IN INFORM FORMATION TION

DETAILED REVENUE BREAKDOWN

Ove verall ll Budget spendin ing is: 2019 2019-2020 Budget 2020 2020-2021 Propose sed Budget $ Change % Change Tax Levy $ 37,349,282 $ 38,096,268 $ 746,986 2.00% Tuition $ 149,964 $ 80,000 $ (69,964)

• 46.65%

Miscellaneous Revenue $ 375,000 $ 445,000 $ 70,000 18.67% State Aid $ 1,553,271 $ 1,795,072 $ 241,801 15.57% Budgeted Fund Balance $ 753,036 $ 771,532 $ 18,496 2.46% Capital Reserve $ 1,281,378 $ 250,000 $ (1,031,378)

• 80.49%

Maintenance Reserve $ 127,000 $ 0 $ (127,000)

• 100.00%

Encumbrances $ 519,490 $ 0 $ (519,490)

• 100.00%

Grant Money (Local Sources) $ 16,195 $ 0 $ (16,195)

• 100.00%

NCLB Grant $ 100,508 $ 33,000 $ (67,508)

• 67.17%

IDEA Grant $ 308,676 $ 230,000 $ (78,676)

• 25.49%

Debt Service $ 2,116,900 $ 2,050,313 $ (66,587)

• 3.15%

TOTAL AL: $ 44,650,700 $ 43,751,185 $ (899,5 ,515)

• 2.01%

WH WHERE RE DO O OU OUR REVENUES VENUES COM OME E FR FROM OM?

Tax x Levy vy- 87% 87% Tuit itio ion- 0.2% Misc scella llaneous s Reve venue- 1% 1% State Aid- 4.1% Fund Bala lance- 1.8% 8% Capit ital Rese serve ve- 0.6 .6% Specia ial l Revenue- 0.6 .6% Debt Servic ice- 4.7% 7%

Ta Tax Le x Levy- 8

• 87%

Tui Tuition-

• n- 0.2%

Misc iscell llaneous R us Revenue- 1 nue- 1% St State Ai Aid- 4. d- 4.1% Fund Fund Ba Balanc lance-

• 1.8%

Capi pital Re l Reserve- rve- 0.6% Spe Special Revenue- ue- 0.6% Debt bt Serv Service ice-

• 4.7%

BUDGET COMPARISON 2019-20 VS. 2020-21

BUDGET GET 2020 2020 TOTAL AL TAX LEVY 2020 2020 BUDGET GET 2021 2021 TOTAL AL TAX LEVY 2021 2021 TOTAL AL GENER NERAL AL FUND $40,294,812 $37,349,282 $41,437,872 $38,096,268 TOTAL AL SPECIA ECIAL L REVENUE ENUE FUND $263,000 $0 $263,000 $0 TOTAL AL DEBT SERVICE ICE FUND $2,116,900 $2,000,300 $2,050,313 $1,932,160 TOTALS: S: $42,67 ,674,7 4,712 $39,349,58 ,349,582 $43,751,18 ,751,185 $40,028,42 ,028,428

$43,751,185 $3,722,757 $40,028,428

Expenditures Revenues Tax Levy

Balancing District Needs with Local Funding

TAX IMPACT

REGIONAL SENDING DISTRICTS’ TAX IMPACTS MAY VARY YEARLY DUE TO ENROLLMENT AND EQUALIZED VALUATION OF OUR MUNICIPALITIES IN COMPARISON

Muni nicipa pality 2019-20 20 % share 2020-21 21 % share % Share Chang nge 2020-21 21 Tax x Rate

(per $100)

Average Assessed Hom

• me

2019-2020 Prope

• perty

Tax x for WERSD SD 2020-2021 Prope

• perty

Tax x for WERSD SD Average Increase/ (Decrease) Increase/ / (Decrease) Per r Mont nth Essex Fells

8.2192181 8.1982513 (0.0209668) .4013 $1,001,801 $4,009.50 $3,995.88 $(13.62) $(1.14)

Fairfield

44.6001298 44.8938378 0.293708 .6890 $528,962 $3,048.78 $2,970.42 $(78.36) $(6.53)

• N. Caldwell

23.1292347 23.2235160 0.0942813 .5741 $687,100 $3,841.97 $3,895.85 $53.88 $4.49

Roseland

24.0514174 23.6843949 (0.3670225) .5666 $466,907 $2,460.06 $2,482.37 $22.31 $1.86

**This slide is for informational purposes only. Amounts are estimated and are subject to change. *Information as of March 2020.

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