Presentation of 2019-20 Tentative Budget 1 In Init itiativ ives - - PowerPoint PPT Presentation

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Great Meadows Regional School District

2019-20 Tentative Budget

Presentation of 2019-20 Tentative Budget

In Init itiativ ives for th the 19-20 Budget – What’s New

• Funds dedicated to curriculum revisions

enhancement for: NJQSAC Requirements

• Continuation of 1:1 Initiative

Big iggest Hurdle le in in pla lanning th the 19-20 Budget

• State Aide – March of 2018 – $5,885,705
• State Aide – March of 2019 – $ 5,150,660
• Difference -

$735,045

• 3 ½ % of Total Budget

Proposed Staffin ing modif ificatio ions for th the 19-20 Tentative Budget

• Addressed in previous presentation

Explain the State Aid Impact First Year

• f S-2(Bottom Line)
• GM received a reduction in current state aid in amount of

($538,066)

• Certified Tuition from 17-18 due to WCSSSD ($38,520)
• Charter School Enrollment Increase($17,183) up to $118,938

from $102,755

• $593,769 less in just state aid revenue even before the first

bit of budget data for 2019-20 is gathered.

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District must have “Surplus” that it can use.

Surplus 2% Surplus funds are hard capped at 2% of current expense  On a budget of roughly 20 Million that equates to $400,000  Above the Threshold must be appropriated as revenue (tax relief) in subsequent budget cycle $46,372 in 18-19  Approximately 55K per day  3.6 days

Everything has been taken by the BOE at every turn… or has it?

• 74,183 in Banked Cap generated in 19-20 (HB Increases).
• 133,344 in Banked Cap generated in prior years still

available for use.

• $207,527 in tax levy increases available to

the 19-20 budget that is not be being used.

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Gr Grea eat t Mead Meadows ws Region gional al Sc Scho hool Di

• l District

strict

TENTATIVE 2019-20 Total Tax Levy

Exclusive of Debt Service

General Fund 18-19 14,472,254 General Fund 17-18 14,188,484

Difference 283,770

19-20 Tax Levy Recap Inclusive

• f Debt Service
• 18-19

General 14,188,484 Debt Service 472,112 Total 14,660,596

• 19-20

General 14,472,254 Debt Service 460,147 Total 14,932,401

Increase for 18-19 $271,805 1.85%

Salaries 38% Tuition 35% Energy 3% Transportation 6% Benefits 13%

Insurance/Audit/Legal 1%

Supplies and Other 4%

Roughly 4 cents out of every dollar spent is "discretionary" in terms of supplies, equipment and other non-fixed costs

Fixed Costs Summary - Current Expense

 Trans  Salary  Benefits  Insurance  Energy

 Administration

(25 % Reduction in 18-19)

36% Reduction Consumables $0.04 on the Dollar 36% of that = $0.014

My department has to keep its its eye on th the whole thing…….

An argument looks for who is right…while a conversation looks for what is right.