PUBLIC HEARING General Fund $36,996,346 Special Revenue Fund - - PowerPoint PPT Presentation

2018/2019 BUDGET PUBLIC HEARING

General Fund $36,996,346 Special Revenue Fund (Grants) 614,150 Debt Service Fund (Bonds) 2,853,459 Total $40,463,955

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BUDGET GOALS

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CLEARVIEW REGIONAL 2018-2019 GENERAL FUND REVENUE

$36,996,346

Fund Balance 4% Tax Levy 52% Miscellaneous 1% State Aid 41% Tuition 2% Federal 0% Reserves 0% Fund Balance Tax Levy Miscellaneous State Aid Tuition Federal Reserves

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2018/19 REVENUE COMPARISON

2017/2018 2018/2019 Fund Balance $ 1,284,416 $ 1,566,536 Reserves 1,381,771 98,218 Tax Levy 18,521,388 19,230,312 Miscellaneous 131,000 308,000 Tuition 502,000 530,000 Extraordinary Aid 220,000 220,000 Federal Aid 39,260 43,186 State Aid 15,000,094 15,000,094 * Total $37,079,929 $36,996,346 * Could be reduced

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STUDENT ENROLLMENT

10/15/00 1,821.0 10/15/09 2,499.0 48 10/15/10 2,564.0 65 10/15/11 2,540.0 (24) 10/15/12 2,488.5 (51.5) 10/15/13 2,516.0 27.5 10/15/14 2,489.5 (26.5) 10/15/15 2,437.5 (52) 10/15/16 2,371.5 (66) 10/15/17 2,321.5 (50) 40.8% Increase in Enrollment 2000  2010 + 743 Decrease in Enrollment Since Oct. 2010 = (242.5) students

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SCHOOL FUNDING REFORM ACT OF 2008

• DOE ran formula using 2008/09 information
• Funding held harmless back to 2008/09
• Clearview total increase in state aid $0 as of today
• News coverage indicates that the DOE could modernize the formula and

cut State aid to overfunded districts in June

• The article said that Clearview is overfunded by $824,053
• Clearview is still spending under the adequacy level as defined by SFRA

in the amount of $1,257,328 for 18/19, meaning if funding was available Clearview would be able to spend substantially more

• Tax levy still capped at 2% increase

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ALLOCATION OF GENERAL FUND APPROPRIATIONS

Salaries & Benefits $26,869,510 73% Special Education* 2,748,632 7% Buildings & Grounds* 1,369,750 4% Utilities 990,000 3% Transportation* 1,136,994 3% Capital Outlay 809,742 4% Other 3,071,718 10% $36,996,346 * Excludes Salaries & Benefits

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LIMITED RESOURCES CAUSED $550,000 + IN CUTS

BUDGET BALANCED BY REPRIORITIZATION OF EXPENSES

Textbooks – Now includes several 2 or 3 year financing agreements Equipment – several items cut – budget includes musical instruments, scoreboard for lacrosse/field hockey, B&G equipment, 2 buses, fume hood for science lab Transportation – overall decrease to dept. budget of 7.3%; Paid off leases. Technology – Replacement devices, new firewall, lease of surveillance cameras, full-time Technology Director Facility Improvements – intercom upgrades HS & MS, flooring replacement in a few areas, renovate bathrooms HS 100 wing for handicap accessibility, replace cooling tower (with insurance refund)

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CHANGES IN APPROPRIATIONS

 Health Insurance + $405,192  Replace Cooling Tower + $250,000  PERS Employer Share + $ 47,305  Equipment + $211,998  Supplies, Textbooks + $81,236  Other Fixed Costs – i.e. energy, architect

REPAIRS TO H.S. HVAC – 3 YEAR FOCUS

• Dehumidification Strategies & Capping Existing Roof Openings & Chilled Water Pipe

Insulation Replacement

• 21 Classrooms – 400, 600, 100  this spring
• Restore the controls on outside air dampers in classrooms to assure they close when

required

• Repair exhaust fans and insure they are responding to the controls system and
• perating when needed
• Remove gravity vents found to be opening directly from above ceiling spaces to the

roof which are no longer needed

• Implement classroom ventilation upgrades – demand ventilation control via a CO2
• sensor. Replace individual classroom temperature sensors with combination temperature

& humidity sensors to address room temperature and humidity.

• Expand the new STEM Lab building control system to accommodate this work
• Longer term projects – replace equipment at end of life, add A.C. where needed &

replace insulation

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COST SAVINGS MEASURES

• Defer the purchase of certain equipment
• Defer certain facilities & maintenance projects
• Leasing vs. purchase when necessary
• Cuts across department lines to eliminate increases
• Competitively shopping for property & workers compensation

insurance

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SHARED SERVICES

• Transportation Services for Mantua & Harrison Elementary Schools
• Shared Bus Maintenance
• ACES for electricity and gas, Ed Data for purchase of supplies
• Middlesex ESC & Camden County ESC for bus purchasing, supplies

and other capital projects

• GCSSSD for transportation, CST services, services to nonpublic

schools

• Insurance purchasing consortium for workers compensation
• County Purchasing Cooperative for diesel/gas & asphalt

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PROPOSED TAX RATE

Harrison

Municipal Share 51.66% +.56% Net Valuation $1,530,035,240

Ratables Increased $1,327,043

Rate per Hundred = .738 Proposed General & Debt Service Funds Increase = 3.24 cents

$100,000 Home Regional School Taxes $32.44 increase per year

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PROPOSED TAX RATE

Mantua

Municipal Share 48.33% (.56%) Net Valuation $1,334,185,026

Ratables Increased $4,689,519

Rate per Hundred = .792 Proposed General and Debt Service Funds Increase = 1.53 cents

$100,000 Home Regional School Taxes $15.33 increase per year